Sterling & Wilson Renewable Energy Ltd (SWSOLAR) — shareholding pattern, promoter holding, financials and share price
About Sterling & Wilson Renewable Energy Ltd (SWSOLAR)
Sterling & Wilson Renewable Energy Ltd operates in the Civil Construction industry, within the Construction sector. It trades on the NSE as SWSOLAR and on the BSE under scrip code 542760. Its ISIN is INE00M201021.
Sterling and Wilson Solar Ltd is one of the leading end-to-end solar engineering, procurement and construction (EPC) solutions provider globally and is also engaged in the operation and maintenance (O&M) of solar power projects. The company is backed by strong parentage of the Reliance Industries
Sterling and Wilson Renewable Energy Limited is a global pure‑play, end‑to‑end solar EPC and O&M solutions provider offering design, engineering, procurement, construction, commissioning and long‑term operations for utility‑scale, floating and hybrid solar plus storage projects across 28 countries, with a 27.3 GWp EPC track record and 13.5 GWp O&M portfolio as of March 2026.
FY26 was a milestone year: consolidated revenue reached INR 7,548 crore (+20% YoY) — the highest since listing — and the company commissioned ~4.5 GW AC in FY26, representing roughly 15% of India’s utility solar installations that year, while Q4 FY26 produced the highest ever quarterly PAT of INR 142 crore despite full‑year exceptional items.
Listed peers in Civil Construction: ISGEC Heavy Engineering Ltd, Ceigall India Ltd, Hindustan Construction Company Ltd, PNC Infratech Ltd, Ahluwalia Contracts (India) Ltd, PSP Projects Ltd.
Valuation & Returns
10 Jul 2026At ₹237.05 a share on 10 Jul 2026, Sterling & Wilson Renewable Energy Ltd (SWSOLAR) was valued at a price-to-earnings ratio of -17.85x against an industry P/E of 25.97x and a price-to-book of 8.52x on a book value of ₹27.82 per share as of Mar 2026. Solomo computes return on equity of -45.52% and return on capital employed of -6.33% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- -17.85x
- Industry P/E
- 25.97x
- P/B
- 8.52x
- EPS (TTM)
- ₹-12.67
- Book value / share
- ₹27.82
- ROE
- -45.52%
- ROCE
- -6.33%
- ROA
- -5.56%
- Debt / equity
- 1.83x
- Dividend yield
- 0%
- EBITDA margin
- -1.39%
- 52-week range
- ₹148.3 – ₹341
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Sterling & Wilson Renewable Energy Ltd (SWSOLAR) reported revenue of ₹7,548 crore, net profit of ₹-296 crore and earnings per share of ₹-13.25. That compares with revenue of ₹6,302 crore and net profit of ₹86 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Jun 2026, revenue was ₹1,590 crore and net profit ₹53 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 5,199 | 2,015 | 3,035 | 6,302 | 7,548 |
| Net profit (₹ cr) | -916 | -1,175 | -211 | 86 | -296 |
| EPS (₹) | -47.94 | -61.65 | -9.09 | 3.49 | -13.25 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 14.18% | 61.70% | 19.77% |
| Profit growth | - | - | -445.75% |
| Stock price CAGR | -5% | -13% | -33% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 45.72% of Sterling & Wilson Renewable Energy Ltd (SWSOLAR) (unchanged from the previous quarter), foreign institutional investors (FII) hold 5.06% and domestic institutional investors (DII) hold 4.8%. Promoters have pledged 27.6% of their holding. Market capitalisation was ₹5,536 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2019.
Largest disclosed public shareholders in Jun 2026: Aditya Birla Sun Life Insurance Company Limited 4.17%, HUF 1.84%, Ajay Kumar Aggarwal 1.01%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 45.72% | 27.6% | 5.06% | 4.8% | 54.28% |
| Mar 2026 | 45.72% | 27.6% | 6.97% | 3.19% | 54.28% |
| Dec 2025 | 45.72% | 27.6% | 7.19% | 2.98% | 54.28% |
| Sep 2025 | 45.72% | 27.6% | 7.1% | 3.17% | 54.28% |
| Jun 2025 | 45.73% | 27.6% | 8.42% | 5.02% | 54.27% |
| Mar 2025 | 45.73% | 27.6% | 8.44% | 7.5% | 54.27% |
| Dec 2024 | 45.73% | 27.6% | 10.4% | 9.82% | 54.27% |
| Sep 2024 | 45.75% | 27.2% | 14.08% | 9.7% | 54.25% |