| Market Cap | ₹4,046.57 CrSmall Cap |
|---|---|
| Solar Capacity | 534.3 MWpRajasthan Project |
| RSI | 27.22Oversold Zone |
| Order from | Various (leading Indian IPP and Middle East-based developer) |
| Deal value | ₹985 Cr |
| Share of market cap | 24.3% |
| Share of annual revenue | 13.4% |
Key highlights
- Aggregate contract value exceeds ₹985 crore for solar and energy storage projects
- Secured a 534.3 MWp solar project in Rajasthan from a leading Indian IPP
- Awarded 616 MWh BESS turnkey EPC wrap projects in South Africa
- Rajasthan project is estimated to reduce carbon emissions by 0.80 million tons
- South African order represents the company second largest utility scale BESS project
Project Scope and Client Profile
Sterling and Wilson Renewable Energy has expanded its order book with two distinct contracts. The domestic win involves a 534.3 MWp solar project in Rajasthan for a prominent Indian Independent Power Producer, marking a strategic entry with a new customer. This contract focuses on the Balance of System package.
Internationally, the company secured a turnkey EPC wrap project for two Battery Energy Storage System units in South Africa, each providing 308 MWh for a total of 616 MWh. This project was awarded by a leading Middle East-based renewable energy developer, signifying a strong repeat relationship with a client that has previously utilized the firm expertise.
Business Impact and Sustainability
- Strengthens the company footprint in the high-growth utility-scale energy storage market in Africa
- Diversifies the domestic client base by securing a maiden contract with a major Indian IPP
- The Rajasthan solar project will contribute to decarbonization with an 0.80 million ton CO2 reduction
- Reinforces technical capabilities in executing complex BESS turnkey EPC wrap projects globally
- Supports the transition toward a more sustainable future through clean energy infrastructure
Management Perspective
Together, these orders reinforce the momentum in our business and the confidence customers place in our capabilities. They also demonstrate the strength of our customer relationships, built on consistent project execution, domain expertise and the skilled manpower we have developed over the years.
Financial and Operational Context
The company operates as a global pure-play renewable EPC provider with a massive portfolio exceeding 28.7 GWp across 28 countries. Despite the recent order wins, the firm faces financial headwinds, reporting a TTM net loss of ₹287.18 crore. Market performance reflects these challenges, with the stock trading at ₹173.27, representing a 36.04% decline over the past year.
However, recent quarterly results showed a 69.6% year-on-year growth in net profit, potentially indicating operational improvements. With a current RSI of 27.22, the stock is in oversold territory while the company maintains a substantial O&M portfolio of 18.3 GWp.
“We are delighted to have received two prestigious orders each in Rajasthan and South Africa. Together, these orders reinforce the momentum in our business and the confidence customers place in our capabilities.”
| Share price | ₹173.27 |
|---|---|
| Market capitalisation | ₹4,046.57 Cr |
| Revenue (annual) | ₹7,548.05 Cr |
| Net profit (annual) | -₹309.43 Cr |
| Revenue (latest quarter) | ₹1,590.13 Cr-18.27% vs previous quarter |
| Net profit (latest quarter) | ₹54.22 Cr-59.71% vs previous quarter |
| P/E (TTM) | -14.09×Sector 32.98× |
| Promoter holding | 45.72%0.00% QoQ |
| FII holding | 5.07%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Sterling and Wilson Renewable Energy Limited announcing domestic and international orders totaling over ₹985 crore. Market figures from a third-party data provider.
