ALFA Finder| Margins | EPC margins target 8-10%; O&M margins target ~20%. |
|---|---|
| Order book | INR 13,024 Cr (current); 78% India-focused. |
| Demand visibility | Strong; 27.7 GW bid pipeline (Ex-BESS) for FY27. |
| Management confidence | High; citing record unexecuted order book of INR 13,024 crore. |
Growth
Revenue fell 10% YoY to INR 1,590 Cr; however, PAT grew 36% YoY to INR 53 Cr.
Outlook
Record Unexecuted Order Value of INR 13,024 Cr. EPC margins expected to stabilize around 8-10%; O&M at ~20%.
Risks
Execution timing of new turnkey projects; gross margins dependent on project mix (Turnkey vs BoS).
Last quarter's promises, checked
Delivered
- Guided 15% revenue growth for FY26 → delivered 20% (INR 7,548 Cr) (= BEAT)
- Guided EPC gross margins 8-10% → delivered 10.5% in FY26 (= BEAT)
- Guided O&M gross margins ~20% → delivered ~20% stabilization (= BEAT)
Partly delivered
- Guided order inflow growth of 15% → delivered 43% (INR 10,062 Cr) but skewed to 1H (= BEAT)
- Guided debt reduction → delivered INR 149 Cr reduction in Q4 (= PARTIAL)
Missed
- Guided sequential growth in Q4 → delivered revenue drop due to supply deferrals (= MISS)
Earnings Call filed with BSE, NSE: SWSOLAR. Summary written with AI assistance from the document.
Sterling and Wilson Renewable Energy Ltd: key numbers
- Share price
- ₹163.30
- Market cap
- ₹3,814 Cr
- Revenue (annual)
- ₹7,548 Cr
- Net profit (annual)
- ₹-309.4 Cr
- P/E (TTM)
- 18.6×Sector 33.5×
- Promoter holding
- 45.72%+0.00% QoQ
- FII holding
- 3.75%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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