Sterling & Wilson Renewable Energy Ltd

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369.301.20 (0.33%)

02:24 PM,5th Dec 2023

372.003.15 (0.85%)

02:36 PM,5th Dec 2023

BSE : 542760


Sector : Engineering

ISIN Code : INE00M201021

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Last Updated: Dec 05 2023 | 02:36 PM IST

Market Cap (₹ Cr)


Turnover (₹ Cr)


Volume (Shares)


Face Value


52-WK High


52-WK High Date

07 Aug 2023

52-WK Low


52-WK Low Date

19 Oct 2023

All Time High


All Time High Date

20 Aug 2019

All Time Low


All Time Low Date

31 Mar 2020

Sterling & Wilson Renewable Energy Ltd

Sterling & Wilson Renewable Energy Ltd (SWREL) (formerly known Sterling and Wilson Solar Limited) was originally incorporated as a Private Limited Company with the name Rashmika Energy Private Limited on March 9 2017. Subsequently the Solar EPC Division of Sterling and Wilson Private Limited demerged into the Company pursuant to Order dated March 28 2018 of the NCLT Mumbai approving the Scheme of Arrangement with the Appointed date for the transfer of such Solar EPC Division being April 1 2017. Thereafter to reflect the association of the Company with the Sterling and Wilson Group name of the Company was changed to Sterling and Wilson Solar Private Limited pursuant to the Resolution passed by the Shareholders at their EGM held on March 29 2018 and Certificate of Incorporation pursuant to change of name was issued by the RoC on April 24 2018. Subsequently Company converted into a Public Limited Company pursuant to approval of Shareholders on January 11 2019. Consequently name of the Company was changed to Sterling and Wilson Solar Limited on January 25 2019. The Company is a global pure-play end-to-end solar engineering procurement and construction (EPC) solutions provider and was the world's largest solar EPC solutions provider. The Company provides EPC services primarily for utility-scale solar power projects with a focus on project design and engineering and manage all aspects of project execution from conceptualizing to commissioning. It also provides Operations & Maintenance (O&M) services for own projects and those constructed by third parties. The Company commenced operations in 2011 as the Solar EPC Division of SWPL and demerged from SWPL with effect from April 1 2017. Over a span of seven years the company became the largest solar EPC solutions provider in each of India Africa and the Middle East according to IHS Markit in 2018 and currently has a presence across 26 countries. The Company offers a complete range of customized solutions for solar power projects. The customers include leading independent power producers (IPPs) developers and equity funds. It adopts a consultative approach to customers' solar energy needs and capabilities which enables it to provide customized solutions to meet their requirements. It follows a hub-and-spoke business model where it manages the complete supply chain from India including the design and engineering functions and engages a few suppliers and third-party subcontractors and procure part of the raw materials for their operations locally in each of the markets where there is a cost advantage or to comply with local regulations. The company seeks to leverage this business model to procure products and services solutions for their customers at competitive prices.As of March 31 2019 Company had 205 commissioned and contracted solar power projects with an aggregate capacity of 6870.12 MWp. The Company has a total of 15 subsidiaries as on March 31 2020 comprising of 6 direct subsidiaries and 9 step down subsidiariesDuring the year 2019-20 Company commissioned 27 projects aggregating 1528.18 MWp across 9 countries. It commenced construction on 200 MW Wellington Solar Farm project in Australia. It commenced construction on 144 MW Gangarri Solar Farm project in Australia. It commissioned 375 MWp solar project in Anantapur Andhra Pradesh. It commissioned two projects in Vietnam of 104 MWp and 168 MWp capacity each. It kick-started construction on two projects in Chile with capacity of 190 MWp and 170 MWp each. It signed 344MW of projects in Australia. During the FY 2019-20 Sterling and Wilson Brasil Servicos Ltda. a wholly owned subsidiary of the Company which incorporated under the Municipality of Sao Paulo has been dissolved. Further Sterling and Wilson Austalia Pty Ltd. and Sterling and Wilson Malasiya SDN BHD were incorporated as subsidiaries of the Company on April 16 2019 and June 04 2019 respectively.In FY 2020-21 the Company commissioned first floating solar project of 450 KW in India.The Board at its meeting held on March 16 2020 had approved the Scheme of Amalgamation by absorption of Sterling & Wilson - Waaree Private Limited a wholly owned subsidiary of the Company with and into the Company. The Hon'ble National Company Law Tribunal (NCLT) Mumbai Bench vide its Order received dated January 29 2021 approved the said Scheme on March 30 2021. The Scheme has come into effect on April 07 2021 with the appointed date as April 01 2020. The name of Renovable Energia Contracting S.L. and GCO Electrical Pty. Limited subsidiaries of the Company have been changed to Sterling and Wilson Solar Spain S.L. and GCO Solar Pty. Limited respectively.During year 2021-22 Sterling and Wilson International Solar FZCO (SWFZCO) a wholly owned subsidiary of Company increased its shareholding in Sterling and Wilson Middle East Solar Energy L.L.C (SWME Solar) and consequently SWME Solar became a wholly owned subsidiary of SWFZCO.In 2022-23 Sterling and Wilson Solar Solutions Inc. (SWSS) a step-down subsidiary of Company incorporated a wholly owned subsidiary in the name of Sterling and Wilson Renewable Energy Nigeria Limited in Nigeria on February 09 2023.

Sterling & Wilson Renewable Energy Ltd - Key Fundamentals

Market Cap (₹ Cr)


EPS - TTM (₹) [S]


P/E Ratio (X) [S]


Face Value (₹) 1
Latest Dividend (%)600.00
Latest Dividend Date 24 Feb 2020
Dividend Yield (%) -
Book Value Share (₹) [S]60.44
P/B Ratio (₹) [S]6.11
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Nippon India Retirement Fund-IG (G) 0.44 15000 0.27
Nippon India Retirement Fund-IG (B) 0.44 15000 0.27
Nippon India Retirement Fund-IG (IDCW) 0.44 15000 0.27
Nippon India Retirement Fund-IG - Dir (G) 0.44 15000 0.27
Nippon India Retirement Fund-IG - Dir (B) 0.44 15000 0.27
Nippon India Retirement Fund-IG - Dir (IDCW) 0.44 15000 0.27
Groww Nifty Total Market Index Fund-Regular (G) 0.00 147 0.01
Groww Nifty Total Market Index Fund-Direct (G) 0.00 147 0.01

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High



Week Low/High



Month Low/High



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All time Low/High



Share Price Returns

1 Week7.56%7.56%4.624.60%
1 Month33.32%34.17%7.578.19%
3 Month0.03%0.44%5.256.29%
6 Month25.40%25.44%10.2711.89%
1 Year28.10%28.10%10.1811.25%
3 Year51.29%51.23%53.5856.92%

Company Info

Company Information

Director : U N Khanna

Registered Office: 9th Floor Universal Majectic, P L Lokhande Marg Chembur (W),Mumbai,Maharashtra-400043 Ph: 91-22-25485300