Sterling & Wilson Renewable Energy Ltd

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SWSOLAR •
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Start SIP in Sterling & Wilson Renewable Energy Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
138.83% Gain from 52W Low
78.7
TTM PE Ratio
Negative PE TTM
-22.3
Price to Book Ratio
Negative Price to Book
-58.6
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is negative
-0.8
RSI
RSI is mid-range
58.6
MFI
MFI is mid-range
54.4

Sterling & Wilson Renewable Energy Ltd Key Financials

*All values are in ₹ Cr.

Sterling & Wilson Renewable Energy Ltd shareholding Pattern

Promoter
53%
Foreign Institutions
11.9%
Mutual Funds
5.3%
Domestic Institutions
9.8%
Public
25.3%

Sterling & Wilson Renewable Energy Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
592.40
10Day EMA
590.10
12Day EMA
588.80
20Day EMA
579.80
26Day EMA
570.10
50Day EMA
527.80
100Day EMA
466.30
200Day EMA
408.50
Delivery & Volume
Resistance & Support
590.43
Pivot
Resistance
First Resistance
619.17
Second Resistance
634.08
Third Resistance
662.82
Support
First Support
575.52
Second support
546.78
Third Support
531.87
Relative Strength Index
58.57
Money Flow Index
54.45
MACD
18.73
MACD Signal
23.74
Average True Range
29.48
Average Directional Index
25.70
Rate of Change (21)
6.63
Rate of Change (125)
59.79

Sterling & Wilson Renewable Energy Ltd Company background

Founded in: 2017
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 pureplay, endtoend solar engineering, procurement and construction (EPC) solutions provider, and was the worlds largest solar EPC solutions provider. The Company provides EPC services primarily for utilityscale 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 (OM) 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 hubandspoke business model where it manages the complete supply chain from India, including the design and engineering functions, and engages a few suppliers and thirdparty 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 6,870.12 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 201920, Company commissioned 27 projects, aggregating 1,528.18 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 kickstarted 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 201920, 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 202021, 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 Honble 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 202122, 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 202223, Sterling and Wilson Solar Solutions Inc. (SWSS), a stepdown 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.
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Sterling & Wilson Renewable Energy Ltd FAQs

Sterling & Wilson Renewable Energy Ltd shares are currently priced at 604.25 on NSE and 603 on BSE as of 2/28/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Sterling & Wilson Renewable Energy Ltd [SWSOLAR] share was 106.86. The Sterling & Wilson Renewable Energy Ltd [SWSOLAR] share hit a 1-year low of Rs. 253 and a 1-year high of Rs. 647.

The market cap of Sterling & Wilson Renewable Energy Ltd is Rs. 14082.67 Cr. as of 2/28/2024 12:00:00 AM.

The PE ratios of Sterling & Wilson Renewable Energy Ltd is 0 as of 2/28/2024 12:00:00 AM.

The PB ratios of Sterling & Wilson Renewable Energy Ltd is 5.3 as of 2/28/2024 12:00:00 AM

The Mutual Fund Shareholding was 5.29% at the end of 2/28/2024 12:00:00 AM.

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