#NSE0017– Sterling and Wilson Solar Ltd (SWSOLAR) appears to be a major player in the global solar power sector, with a comprehensive suite of services encompassing the entire lifecycle of solar energy projects.
With offices in over 28 countries and projects in more than 20 countries. The company provides customized design and engineering solutions tailored to the specific requirements of each project. They handle all aspects of procurement and construction, ensuring that the solar projects are built with quality materials and skilled workmanship. Sterling and Wilson Solar ensure that solar installations are completed efficiently and begin operations as intended.
Innovative Solutions:
- Rooftop Solar: Catering to smaller, decentralized solar projects.
- Utility-Scale Projects: Handling large-scale projects that feed into the power grid.
- Floating Solar Projects: Specializing in the emerging field of floating solar panels on bodies of water.
- Solar Plus Storage: Providing solutions that include energy storage, which is increasingly important for managing the intermittent nature of solar power.
With a market cap of ₹15,113 Cr, Sterling and Wilson Solar Ltd is a significant entity in the solar industry. Being backed by Reliance Industries, one of India’s largest conglomerates, provides Sterling and Wilson Solar with not only financial stability but also enhanced credibility and an ability to leverage Reliance’s extensive network and resources. Sterling and Wilson Renewable Energy Ltd – have confirmed that the Company has fulfilled all its loan payment obligations (without any restructuring or discount) as envisaged in the Inter Creditor Agreement and Resolution plan. according to notification by SWSOLAR on 02/05/2024.
Key Financial Highlights
- Revenue Growth: The company has demonstrated remarkable revenue growth, with annual revenues rising to ₹1178 crore from ₹88 crore. This substantial increase is indicative of successful project execution and possible expansion in both existing and new markets.
- Profitability:
- EBITDA: Sterling and Wilson Solar has moved from an EBITDA loss of ₹16 crore in Q3 to a positive ₹63 crore. This improvement suggests better operational efficiency and cost management.
- PBT (Profit Before Tax): The shift from a substantial loss of ₹418 crore to a profit of ₹34 crore is a significant indicator of financial recovery.
- PAT (Profit After Tax): The company has also managed to turn around its net profit to ₹1.4 crore from a loss of ₹421 crore. While the net profit margin is still low, moving into profitability is a crucial first step.
- Operating Cash Flow (OCF): A dramatic improvement in operating cash flow to ₹538 crore from a negative ₹1829 crore last year is particularly notable. This not only shows better liquidity and cash management but also enhances the company’s ability to fund operations and future growth internally.
Disclaimer-
It’s important to note that discussions like are for informational purposes only and should not be taken as specific We are not SEBI registered investment advisor. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.
