Rs 10,167 Crore Order Book: Reliance Group-backed Solar EPC Company Announces Three Multiple Projects Worth Rs 1,470 crore; Stock Price Surged Over 7 Per Cent On Tuesday
With a PE ratio of 229, the company trades at a discount compared to the industry PE of 31.5.
Sterling and Wilson Renewable Energy Limited (SWREL) has announced a significant breakthrough in its Wind EPC segment, marking its entry into this new market with a hybrid project in Rajasthan. The company has secured three new domestic projects with a total order value of approximately Rs 1,470 crore. This includes a 69.3 MW Wind EPC and a 58 MW AC Solar BoS project in Rajasthan, a 200 MW AC solar project in Gujarat from a leading PSU developer, and another solar project in Rajasthan from a private IPP.
Mr. Chandra Kishore Thakur, Global CEO of SWREL, expressed excitement over these wins, stating, 'We are very excited to bag three prestigious domestic projects including our foray into Wind EPC through a Hybrid project win which opens up a new exciting segment for us.' SWREL continues to strengthen its market presence in India, leveraging its expertise in solar and BESS to offer comprehensive EPC solutions for hybrid projects.
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Sterling and Wilson Renewable Energy Limited (SWREL) is a prominent global provider of end-to-end solar EPC solutions, with a strong focus on utility-scale solar, floating solar, and hybrid energy storage solutions. The company, which emerged from the Shapoorji Pallonji Group, is now significantly backed by Reliance Industries, holding a 32.6 per cent stake. SWREL boasts an impressive EPC portfolio of 18 GWp and an O&M portfolio of 7.8 GWp, with a substantial presence in 28 countries.
The company's revenue mix is heavily skewed towards domestic EPC projects, accounting for 80 per cent of its revenue. SWREL's order book has seen robust growth, standing at approximately Rs 8,084 crore as of FY24, with significant new orders received across various projects. The company has also made strides in de-leveraging its balance sheet, reducing net debt significantly through strategic financial inflows.
As of April 1, 2025, the stock price of Sterling and Wilson Renewable Energy Limited is Rs 256.8. The 52-Week High is Rs 805.15, and the 52-Week Low is Rs 219.6. Sterling and Wilson Renewable Energy Limited has a market capitalization of Rs 5,849 crore. The company's 1-year return is -52.18 per cent, while the 3-year return stands at -24.57 per cent. The Price-Earnings (PE) Ratio is 183.13. Ajay Kumar Aggarwal is a major public shareholder, holding 1.20 per cent of the shares.
In the Quarterly Results of December 2024, the company reported a revenue of Rs 1,837.20 crore, reflecting a YoY growth of 215.19 per cent compared to Rs 582.88 crore in December 2023. The operating profit stood at Rs 70.33 crore, marking a turnaround from a loss of Rs 16.18 crore in the same quarter last year. The profit after tax (PAT) was Rs 14.83 crore, improving from a loss of Rs 63.67 crore in December 2023.
In FY24, the company posted a revenue of Rs 3,035.37 crore, registering a 50.64 per cent growth compared to Rs 2,015.01 crore in FY23. The net loss for the year stood at Rs 211.92 crore, narrowing from a loss of Rs 1,169.55 crore in the previous financial year.
With a PE ratio of 229, the company trades at a discount compared to the industry PE of 31.5. On Tuesday, reacting to the above development, the stock price of the company surged over 8 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.