Sterling and Wilson Solar Ltd.
Snapshot View

288.75 +3.60 ▲1.3%

02 August 2021, 04:00:00 P.M.
Volume: 119,354

Overview View Details

Sector Infrastructure Compare with Sector peers
Industry Engineering - Construction Compare with Industry peers
Website http://www.sterlingandwilsonsolar.com
Financial Indicators
Market Cap 4,630.40 Cr.
Earnings per share (EPS) -17.80 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 42.79 Trailing Twelve Months Ending 2021-03
Book Value / Share 41.27 Trailing Twelve Months Ending 2021-03
Price to Book Value 7.00 Calculated using Price: 288.75
Dividend Yield 2.08 Period Ending 2020-03
No. of Shares Subscribed 16.04 Cr. 160,360,000 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
+1.26%
1 Week
+4.89%
1 Month
+0.61%
3 Month
-4.13%
6 Month
+17.74%
1 Year
+29.02%
2 Year
5 Year
3 years 2018-03 2019-03 2020-03
Return on Equity (%) 229.17 123.02 31.66
Return on Capital Employed (%) 158.77 52.86 24.64
Return on Assets (%) 9.04 12.12 5.60

Balance Sheet View Details

Particulars 3 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 197 841 1,081
Non Curr. Liab. -5 -24 -7
Curr. Liab. 4,798 4,732 4,252
Minority Int. -3 -3 -8
Equity & Liab. 4,986 5,546 5,318
Non Curr. Assets 31 35 64
Curr. Assets 4,955 5,511 5,255
Misc. Exp. not W/O
Total Assets 4,986 5,546 5,318

Profit Loss View Details

Particulars 3 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 6,872 8,240 5,575
Other Income 13 210 303
Total Income 6,884 8,450 5,879
Total Expenditure -6,277 -7,530 -5,203
PBIDT 608 920 676
Interest -76 -153 -264
Depreciation -3 -8 -14
Taxation -78 -121 -94
Exceptional Items
PAT 451 638 304

Cash Flow View Details

Particulars 3 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 251 -723 338
Cash Fr. Inv. -19 -929 1,013
Cash Fr. Finan. -141 1,972 -1,313
Net Change 91 320 38
Cash & Cash Eqvt 95 421 463

Shareholding Pattern View Details

9 Qtrs 2018-09 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 100.00 77.22 77.22 77.22 77.22 77.22 75.35 69.36 69.36
Public 0.00 22.78 22.78 22.78 22.78 22.78 24.65 30.64 30.64
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 48.23 48.23 48.23 48.23 48.23 49.43 53.69 53.69

Announcements View Details

Sat, 31 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed the newspaper advertisement regarding the Postal Ballot Notice/ remote e-voting published in the newspapers.
Fri, 30 Jul 2021
Announcement under Regulation 30 (LODR)-Press Release / Media Release
In terms of the Listing Regulations please find enclosed herewith the Press Release on Sterling and Wilson Solar Limited plans to expand its business to include EPC solutions for Hybrid Energy power plants Energy Storage solutions and Waste to Energy.
The above is for your information and record.
Fri, 30 Jul 2021
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
In furtherance to our letter dated July 29 2021 please find enclosed herewith the Postal Ballot Notice dated July 29 2021 along with the Explanatory Statement (Notice) for seeking approval of Members of the Company by way of Special Resolution for Alteration of the Object Clause of the Memorandum of Association of the Company.

The Notice has been sent to the Shareholders today i.e. Friday July 30 2021 through electronic means only to the Members of the Company whose names appear on the Register of Members/ List of Beneficial Owners as on Friday July 23 2021 being the cut-off date and whose e-mail IDs are registered with their Depository Participant(s)/ Company.

The remote e-voting period shall commence on Saturday July 31 2021 at 9:00 a.m. IST and conclude on Sunday August 29 2021 at 5:00 p.m. IST. The results of the remote e-voting shall be declared not later than 48 hours of the conclusion of the remote e-voting i.e. Tuesday August 31 2021.

Technical Scans View Details

Mon, 02 Aug 2021
Close Crossing Last Month Close From Below Close Crossing Last Month Close From Below
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
CCI Overbought Zone CCI Overbought Zone
Fri, 30 Jul 2021
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
S Close Above Last Week High

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