Sterling and Wilson Renewable Energy Ltd.
Snapshot View

327.45 +5.10 ▲1.6%

24 May 2022, 04:01:00 PM
Volume: 25,263

Overview View Details

Sector Infrastructure Compare with Sector peers
Industry Engineering - Construction Compare with Industry peers
Website http://www.sterlingandwilsonsolar.com
Market Cap 6,163.14 Cr.
Enterprise Value(EV) 6,142.53 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) -47.94 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2022-03
Industry PE 38.24 Trailing Twelve Months Ending 2022-03
Book Value / Share 48.33 Trailing Twelve Months Ending 2022-03
Price to Book Value 6.78 Calculated using Price: 327.45
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 18.97 Cr. 189,693,333 Shares
FaceValue 1
Company Profile

Sterling and Wilson Solar, the Solar EPC Division of Sterling and Wilson Private Limited, commenced operations in 2011 and was subsequently demerged in 2017. This division was formed to tap into the growing renewable energy market. The company is the leading solar EPC solutions provider in the world, with a presence across many countries. An impressive portfolio of several solar power projects with an aggregate capacity of 10.6 GWp across geographies has positioned Sterling and Wilson Solar as the leading solar EPC solutions provider in the world. Sterling and Wilson Solar strategically focuses on markets that have conducive solar power policies and high solar resources as well as invests in geographies with long-term solar opportunities.

The inception of Sterling and Wilson is deep-rooted in the legendary friendship between Shapoorji Mistry Sr. and Mehervan Daruvala which later evolved into a powerful business partnership. In 1971, Wilson Electric Works merged with Sterling Investments, a group company of the Shapoorji Pallonji Group, to form an EPC powerhouse called Sterling and Wilson. The decision empowered the company to ride on global opportunities and emerge as a leading market player in due course. The new entity Sterling and Wilson Private Limited commenced its operations in the 1970s with a few large-scale projects in the Middle East, further venturing into the Asian subcontinent and various other countries. Within a short span it created a strong presence in regions such as the Middle East, Africa, Europe, the Americas, and Australia. Sterling and Wilson currently has operations in many countries.

Business area of the company

Sterling and Wilson Solar is the largest pure-play Solar EPC outside China, and offers a complete range of Solar EPC solutions like design, engineering, procurement, construction, project management, and operations and maintenance.

Sub verticals

  • Utility-Scale
  • Solar Rooftop
  • Floating Solar
  • Solar PV + Energy Storage
  • Operation and Maintenance

Awards

  • 2014: Energize Award for ‘Excellence in Solar Power EPC’
  • 2014: Energise Award for ‘Excellence in Innovation in Solar Energy’
  • 2015: Intersolar Award (Solar Projects in India) for the 11 MWp Total Turnkey Solar Project in Maharashtra under JNNSM PH II
  • 2015: Certificate of special recognition in the category of ‘Excellence in EPC’
  • 2016: Trophy in the category of ‘Utility Scale Solar EPC Contractor’
  • 2016: Recognised for “immense contribution to the infrastructure sector” by Economic Times’ Best Infrastructure Brands
  • 2017: ‘Project of the Year’ by Middle Eastern Solar Industry Association at MESIA Solar Awards
  • 2017: Award for ‘Excellence in Renewable Energy Project Execution’ from Central Board of Irrigation and Power, India
  • 2017: RE Assets India’s Gold winner in the category of ‘Solar O&M Contractor of the Year - Roof top scale’
  • 2017: Certificate of honour as a ‘Leading EPC – Solar – Ground Based’
  • 2018: World’s EPC Excellence for Solar and Storage
  • 2018: Solar + Power Awards’ EPC of the Year
  • 2018: Specialist Contractor of the Year
  • 2018: Certificate of honour in the category ‘RE International Excellence - Indian Companies’
  • 2018: Certificate of honour as a ‘Leading EPC – Solar – Ground Based’
  • 2019: Renewables Company of the Year
  • 2020: ‘Utility-Scale Solar Project of the Year’ at MESIA Solar Awards
  • 2020: 'Utility Scale Project of the Year’ at AFSIA Solar Awards
  • 2020: MEED Project of the Year
  • 2020: Mega Project of the Year

Milestones

  • 2011: Ventured into Solar EPC business in India
  • 2011: Secured EPC projects of 50 MWp
  • 2013: Completed first turnkey EPC project in Rajasthan, India
  • 2013: Started International Solar Operations
  • 2014: Commenced first international solar project (90 MWp) in South Africa
  • 2015: Largest single-axis tracker plant in India (60 MWp)
  • 2015: Recognised as the largest Indian solar EPC player according to an independent industry data provider
  • 2016: Ventured into Rooftop Solar
  • 2016: Started third-party O&M services
  • 2017: Demerger of S&W Solar from S&W Group
  • 2017: Expanded operations in the USA
  • 2017: Incorporated a Subsidiary in Spain to cater to European and Latin America markets
  • 2017: Bagged the world’s largest single- location EPC project order (1177 MWp) in Abu Dhabi
  • 2018: Diversification in Solar + Storage
  • 2018: Expanded operations in Australia by acquiring controlling stake in GCO Electrical Pty Ltd
  • 2019: Recognized as the world’s largest solar EPC solutions provider by IHS Markit
  • 2019: Emerged as a global player with presence and operations across India, Middle East, Africa, South East Asia, Europe, US and Australia.
  • 2019: Listed on BSE and NSE
  • 2019: Commissioned first floating solar project of 450KW in India
  • 2020: Ranked India 1 and Global 2 as per Wood Mackenzie’s 2020 Global PV Operations & Maintenance Report

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.58%
1 Week
-1.86%
1 Month
-13.59%
3 Month
+9.79%
6 Month
-18.90%
1 Year
+39.07%
2 Year
+122.45%
5 Year
10 Year
4 years 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 229.17 123.02 31.66 -33.28
Return on Capital Employed (%) 158.77 52.86 24.64 -9.64
Return on Assets (%) 9.04 12.12 5.60 -6.27

Balance Sheet View Details

Particulars 5 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 197 841 1,081 662 917
Non Curr. Liab. -5 -24 -7 137 -67
Curr. Liab. 4,798 4,732 4,252 3,140 2,561
Minority Int. -3 -3 -8 -4 -11
Equity & Liab. 4,986 5,546 5,318 3,935 3,399
Non Curr. Assets 31 35 64 326 92
Curr. Assets 4,955 5,511 5,255 3,609 3,307
Misc. Exp. not W/O
Total Assets 4,986 5,546 5,318 3,935 3,399

Profit Loss View Details

Particulars 5 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 6,872 8,240 5,575 5,081 5,199
Other Income 13 210 303 158 95
Total Income 6,884 8,450 5,879 5,239 5,294
Total Expenditure -6,277 -7,530 -5,203 -5,388 -6,112
PBIDT 608 920 676 -149 -819
Interest -76 -153 -264 -174 -77
Depreciation -3 -8 -14 -17 -15
Taxation -78 -121 -94 50 -6
Exceptional Items
PAT 451 638 304 -290 -916
Minority Interest 2 1 6 5 6
Share Associate
Other Related Items
Consolidated Net Profit 452 639 310 -285 -909
Adjusted EPS 282 40 19 -18 -51

Cash Flow View Details

Particulars 4 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 251 -723 338 201
Cash Fr. Inv. -19 -929 1,013 409
Cash Fr. Finan. -141 1,972 -1,313 -853
Net Change 91 320 38 -243
Cash & Cash Eqvt 95 421 463 220

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 77.22 77.22 77.22 75.35 69.36 69.36 69.36 74.10 78.56
Public 22.78 22.78 22.78 24.65 30.64 30.64 30.64 25.90 21.44
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 48.23 48.23 48.23 49.43 53.69 53.69 60.89 48.18 30.87

Announcements View Details

Fri, 13 May 2022
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1 Name of Company Sterling and Wilson Renewable Energy Ltd
2 CIN NO. L74999MH2017PLC292281
3 Report filed for FY 2021-2022
Details of the Current block (all figures in Rs crore):
4 2 - year block period (Specify financial years)* Not Applicable
5 Incremental borrowing done in FY (T)(a) 0.00
6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 0.00
7 Actual borrowing done through debt securities in FY (T)(c) 0.00
8 Shortfall in the borrowing through debt securities if any for FY (T - 1) carried forward to FY (T) (d) 0
8Quantum of (d) which has been met from (c)(e)* 0
9 Shortfall if any in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative write nil}* 0


Details of penalty to be paid if any in respect to previous block (all figures in Rs crore):
2 - year Block period (Specify financial years)Not Applicable
Amount of fine to be paid for the block if applicable Fine = 0.2% of {(d) - (e)}#0.00



Name of the Company Secretary :-Jagannadha Rao Ch V
Designation :-Company Secretary and Compliance Officer
Name of the Chief Financial Officer :- Bahadur Dastoor
Designation : -Chief Financial Officer

Date: 13/05/2022

Tue, 26 Apr 2022
Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011
The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 on April 26 2022 for Kainaz Khurshed Daruvala
Fri, 22 Apr 2022
Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.
The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 on April 22 2022 for Shapoorji Pallonji and Company Pvt Ltd

Technical Scans View Details

Tue, 24 May 2022
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
High Decrease 1 Month High Decrease 1 Month
High Increase 1 Year High Increase 1 Year
High Increase 2 Years High Increase 2 Years
Bullish Harami Cross Bullish Harami Cross

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