Sterling & Wilson Renewable Energy share price today

Sterling & Wilson Renewable Energy Ltd's share price was ₹149.13 at the close on 6 November 2026. It has been falling for 102 weeks. That is 26.2% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 16 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Sterling & Wilson Renewable Energy Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹136 and ₹249, and at that close it sat 12% of the way up from that low.

Over the last 7.2 years the share price moved −76% while the NIFTY 500 moved +144%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 24 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

5 points on a year earlier.

1. Foreign funds (FIIs) cut their stake for 3 quarters in a row

   From 7.2% to 3.8% of the company by the September 2026 quarter.

2. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 3% to 5.3% of the company by the September 2026 quarter.

3. Operating margin up 3.5 points on a year earlier

   3.7% in the September 2026 quarter, from 0.2%.

For July to September 2026 (the quarter ended 30 September 2026), Sterling & Wilson Renewable Energy reported revenue of ₹1,528 crore, down 12.6% from ₹1,749 crore a year earlier, and a profit of ₹17.0 crore, against a loss of ₹478 crore a year earlier.

Sterling & Wilson Renewable Energy results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Sterling & Wilson Renewable Energy's management discussed these results on a call held on 16 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Sterling & Wilson Renewable Energy closed at ₹149.13 on 6 November 2026, down 35.1% from ₹229.87 a year earlier (7 November 2025) and down 66.8% over five years. Its highest weekly close since August 2019 was ₹820.65 on 18 May 2024.

Sterling & Wilson Renewable Energy share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

384 weekly closes from 23 August 2019 to 6 November 2026.

6 Nov 2026: Sterling & Wilson Renewable Energy closed at ₹149.13, up 9.7% on the week and down 8.0% on the month. 16 Oct 2026: Sterling & Wilson Renewable Energy held its results call for July to September 2026. Management guided: FY27 revenue growth up to 10%; Q3 expected better than H1 and Q4 heavily loaded.

Earlier

• Results for July to September 2026: Revenue down 12.6% on a year earlier.

Sterling & Wilson Renewable Energy has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

Not in its latest year. Sterling & Wilson Renewable Energy Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 9 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 7 November 2026.

On the call for July to September 2026, held on 16 October 2026, Sterling & Wilson Renewable Energy's management guided: FY27 revenue growth up to 10%; Q3 expected better than H1 and Q4 heavily loaded.

“Our range was 10% to 15%, and I still say 10%. It is not 0%; I am not saying it will be between 0% and 1%. It will be around 10%.”C.K. Thakur, Global CEO, on the call for July to September 2026

What management guided

• EPC gross margin 8%-10%, mix-dependent; O&M gross margin around 20%.
• FY27 O&M revenue above ₹400 crore and year-end portfolio 22-25 GW.
• FY27 operating margin of 4%-4.5% described as minimum; recurring overheads around 4.5% of revenue as sales recover.
• West Minya: 14-month execution, about 40% of the project period in FY27, turnkey margin above 8%; Reliance Kutch start expected this quarter.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 16 October 2026.

When Sterling & Wilson Renewable Energy reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Domestic PSU PPAs and NTPs - check whether delayed projects move into site execution.

Sterling & Wilson Renewable Energy is on 2 of our India lists: 52 week high & low and Power & green energy stocks.

Sterling & Wilson Renewable Energy Ltd earned ₹17.0 Cr of net profit in the Sep 2026 quarter. The full FY26 year was a loss of ₹296 Cr. That is 1.1% of the quarter's revenue. The same quarter a year earlier lost ₹478 Cr. 2 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was −₹296 Cr (−444.2% on the year before).

On average over the last four quarters, profit changed +35.3% and revenue −7.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Sterling & Wilson Renewable Energy Ltd reported ₹1,528 Cr of revenue in the Sep 2026 quarter, −12.6% on the same quarter a year earlier. Over 8 years it has grown 1.2% a year on average. The last full year, FY26, came in at ₹7,548 Cr. The last four reported quarters add to ₹7,156 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹7,548 Cr, +19.8% on the year before.

Recent pace: the last four quarters grew −7.8% on average, against 1.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −9.0%, against +39.0% a year over the last 8 quarters (rolling over).

Sterling & Wilson Renewable Energy Ltd's operating margin was 3.7% in the Sep 2026 quarter, 3.5 percentage points higher than the same quarter a year ago. Across 9 years it has been between −56.0% and 8.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +3.4 percentage points on the year while gross margin changed −1.7 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years Sterling & Wilson Renewable Energy Ltd's operations used more cash than they brought in, so cash conversion was −34%, a gap worth watching. In FY26 its operations used ₹257 Cr of cash, against −₹296 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹6.0 Cr of spending on assets, free cash was −₹263 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −34% of profit came in as cash: the cash cycle got 26 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 26 days longer. The next section looks at where the cash is stuck.

Sterling & Wilson Renewable Energy Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 87 days in FY26, up from 61 days in FY21. It spent ₹39.0 Cr on assets over the last 3 years. Customers take 87 days to pay, and stock sits for 0 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹7,548 Cr, each day of that cycle ties up about ₹20.7 Cr, so roughly ₹1,799 Cr is tied up in the business at any time.

FY26: customers took 87 days to pay and stock sat for 0 days, about 0.0 months of sales sitting as stock, for a full cycle of 87 days, longer than FY21's 61.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 0 days. Customers pay about 87 days after that. Suppliers are paid at 195 days. Together that makes the 87-day cycle.

Spending on assets: ₹39.0 Cr over the last 3 years, against ₹42.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Sterling & Wilson Renewable Energy Ltd's P/E is 15.1×, in the middle of its own history: higher than 40% of past readings. Its usual P/E (the middle reading) is 16.7×, over 7.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹8.78.

Why the multiple is where it is: over the past year earnings per share moved −479.7% while the price moved −35.1%. The price did better than earnings, which pushed the multiple up within its own range.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 214% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Sterling & Wilson Renewable Energy Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 9 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Sterling & Wilson Renewable Energy Ltd earned a ROCE of 27% in FY26. That is up from a low of −66% in FY22. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a −3.9% net margin and 1.42× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a −3.9% net margin × 1.42× asset turnover × 8.19× leverage (assets divided by equity) ≈ −45.4% on equity. The margin does its share; borrowing is a big part of it.

The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 214% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Sterling & Wilson Renewable Energy Ltd had ₹1,191 Cr of borrowings against ₹649 Cr of equity in FY26, so its debt is 1.84× its equity. Its operating profit is 2 times its interest bill. Over 5 years borrowings went from ₹479 Cr to ₹1,191 Cr. Over the last 3 of those years it spent ₹39.0 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 214% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Foreign institutions cut their stake in Sterling & Wilson Renewable Energy Ltd by 10.3 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 3.8% of the company. Domestic institutions moved −4.4 points over the same period, to 5.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: −10.3 points over 8 quarters, to 3.8%; Domestic institutions: −4.4 points over 8 quarters, to 5.3%; Promoters: +0.0 points over 8 quarters, to 45.7%.

Why the owners changed: foreign institutions drove it (−10.3 points), together with domestic institutions (−4.4 points). They reduced their stake.

For Sterling & Wilson Renewable Energy Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

44.4 out of 100, rank 3 of 5 in Solar EPC, with 67% of the evidence available.

Sterling & Wilson Renewable Energy Ltd scores 44.4 out of 100 against the 5 companies it is compared with in Solar EPC, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 19.5 + 9.2 + 9.3 + 6.4 = 44.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Sterling & Wilson Renewable Energy ranks 3 of 5 Solar EPC companies on the 4-Factor Sector Score, with 44.4 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Solar EPC, all 5 compared on one page.

Sterling & Wilson Renewable Energy is the 2nd largest of 5 Solar EPC companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Waaree Renewable Technologies. Just below it: Oriana Power, KP Green Engineering and Solarworld Energy Solutions.

Solar EPC companies close in size

1. Waaree Renewable Technologies Ltd ₹7,247 crore
2. Sterling & Wilson Renewable Energy Ltd ₹3,175 crore
3. Oriana Power Ltd ₹2,344 crore
4. KP Green Engineering Ltd ₹1,402 crore
5. Solarworld Energy Solutions Ltd ₹911 crore

All 5 Solar EPC companies, largest first

Companies close in size in other industries

1018. PNC Infratech Ltd ₹3,179 crore · Infra - Construction & Contracting
1019. Refex Industries Ltd ₹3,175 crore · Refrigeration
1020. Sterling & Wilson Renewable Energy Ltd ₹3,175 crore
1021. Sanghvi Movers Ltd ₹3,171 crore · Capital Goods - EPC/Cranes
1022. Uniparts India Ltd ₹3,167 crore · Castings, Forgings & Fastners

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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