STRLNG & WIL REN ENE LTD (SWSOLAR) financials

STRLNG & WIL REN ENE LTD (SWSOLAR) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Sterling and Wilson Solar Ltd is one of the leading end-to-end solar engineering, procurement and construction (EPC) solutions provider globally and is also engaged in the operation and maintenance (O&M) of solar power projects. The company is backed by strong parentage of the Reliance Industries

Market Cap: ₹3,918Cr.
Current Price: ₹168
Stock P/E: 13.9
ROE: 16.8%
ROCE: 15.6%
Book Value: ₹19.6
Dividend Yield: 0.00%
52W High / Low: ₹261/148

In Jun 2026, STRLNG & WIL REN ENE LTD (SWSOLAR) reported sales ₹1,487 Cr and net profit ₹68 Cr.

Annual TTM: sales ₹6,288 Cr, net profit ₹-2,521 Cr.

Shareholding: Promoters 45.73% (Jun 2026), FIIs 5.07% (Jun 2026), DIIs 4.80% (Jun 2026), Public 44.41% (Jun 2026), No. of Shareholders 3,29,077% (Jun 2026).

SWSOLAR quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	996	1,487	2,018	1,363	1,276	1,806	1,719	1,487
Expenses	954	1,412	1,912	1,291	1,271	1,720	1,624	1,389
Operating Profit	42	75	107	73	5	85	95	98
OPM %	4.2%	5%	5%	5%	0.4%	4.7%	6%	7%
Other Income	71	48	34	63	-2,592	33	-127	15
Interest	25	31	31	29	33	46	44	39
Depreciation	2	2	2	2	2	3	3	3
Profit before tax	86	90	107	104	-2,623	70	-78	71
Tax %	12%	14%	14%	24%	-1%	-5%	-0%	4%
Net Profit	75	77	92	78	-2,584	73	-78	68
EPS in Rs	3.21	3.32	3.95	3.36	-110.63	3.13	-3.35	2.90
Raw PDF	—	—	—	—	—	—	—	—

SWSOLAR profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	4,537	3,176	3,460	1,458	2,706	5,387	6,164	6,288
Expenses	4,304	3,386	3,679	1,869	2,644	5,101	5,896	6,005
Operating Profit	233	-209	-219	-411	62	286	268	283
OPM %	5%	-7%	-6%	-28%	2.3%	5%	4.3%	4.5%
Other Income	372	154	102	214	271	205	-2,624	-2,672
Interest	167	79	81	143	200	116	161	162
Depreciation	6	8	8	7	9	10	10	10
Profit before tax	431	-143	-205	-347	123	366	-2,527	-2,560
Tax %	27%	-22%	-18%	2%	29%	13%	-1%	—
Net Profit	317	-111	-168	-355	87	318	-2,510	-2,521
EPS in Rs	19.75	-6.95	-8.83	-18.72	3.74	13.63	-107.49	-107.95
Dividend Payout %	30%	0%	0%	0%	0%	0%	0%	—

SWSOLAR balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16	16	16	19	19	23	23	23
Reserves	423	686	496	1,482	1,150	2,657	2,983	436
Borrowings	1,175	606	392	359	1,851	511	931	1,188
Other Liabilities	2,962	2,607	2,872	2,112	1,037	2,496	3,063	3,123
Total Liabilities	4,575	3,916	3,776	3,973	4,057	5,687	7,001	4,770
Fixed Assets	12	28	34	28	33	47	39	38
CWIP	0	3	0	0	0	0	0	0
Investments	6	4	371	371	371	371	804	560
Other Assets	4,557	3,881	3,371	3,573	3,652	5,269	6,157	4,171
Total Assets	4,575	3,916	3,776	3,973	4,057	5,687	7,001	4,770

SWSOLAR cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	149	-273	-10	-1,261	-580	1,027	-18	282
Cash from Investing Activity	-934	965	225	501	-1,088	-702	-184	-562
Cash from Financing Activity	1,056	-821	-275	982	1,346	-85	320	104
Net Cash Flow	270	-128	-59	222	-322	240	118	-176
Free Cash Flow	139	-286	-22	-1,263	-586	1,027	-19	272
CFO/OP	112%	-58%	-24%	569%	136%	1,608%	15%	114%

SWSOLAR shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	45.75%	45.74%	45.74%	45.74%	45.73%	45.73%	45.73%	45.73%
FIIs	14.08%	10.39%	8.43%	8.41%	7.11%	7.19%	6.96%	5.07%
DIIs	9.70%	9.82%	7.50%	5.02%	3.18%	2.98%	3.19%	4.80%
Public	30.47%	34.05%	38.33%	40.83%	44.00%	44.11%	44.12%	44.41%
No. of Shareholders	2,73,662	3,14,074	3,40,026	3,53,316	3,66,222	3,54,219	3,37,694	3,29,077

SWSOLAR key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	77	124	88	62	137	88	74	96
Inventory Days	—	13	—	—	—	—	—	—
Days Payable	—	2,059	—	—	—	—	—	—
Cash Conversion Cycle	77	-1,922	88	62	137	88	74	96
Working Capital Days	4	37	-18	63	314	85	24	-34
ROCE %	39%	41%	-6%	-9%	-8%	10%	13%	16%

SWSOLARUpdated 13 Oct 2026, 6:08

Strlng & Wil Ren Ene Ltd

SWSOLARUpdated 13 Oct 2026, 6:08

Market Cap

₹3,918Cr.

Current Price

₹168

High / Low

₹261/148

Stock P/E

13.9

ROE16.8%

ROCE15.6%

Book Value₹19.6

Face Value₹1.00

Dividend Yield0.00%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	384	52	401	48	2	-23	0	-23	-1.2
Sep 2023	642	55	634	68	2	18	17	15	0.78
Dec 2023	541	61	532	62	3	7	8	6	0.27
Mar 2024	1140	24	1085	93	3	121	27	89	3.81
Jun 2024	885	19	833	52	3	83	11	74	3.15
Sep 2024	996	25	954	71	2	86	12	75	3.21
Dec 2024	1487	31	1412	48	2	90	14	77	3.32
Mar 2025	2018	31	1912	34	2	107	14	92	3.95
Jun 2025	1363	29	1291	63	2	104	24	78	3.36
Sep 2025	1276	33	1271	-2592	2	-2623	-1	-2584	-110.63
Dec 2025	1806	46	1720	33	3	70	-5	73	3.13
Mar 2026	1719	44	1624	-127	3	-78	0	-78	-3.35
Jun 2026	1487	39	1389	15	3	71	4	68	2.9

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2018 13m	6126	13	5934	25	2	202	35	132	82.3
Mar 2019	8210	68	7991	155	3	304	36	196	12.23
Mar 2020	4537	167	4304	372	6	431	27	317	19.75
Mar 2021	3176	79	3386	154	8	-143	-22	-111	-6.95
Mar 2022	3460	81	3679	102	8	-205	-18	-168	-8.83
Mar 2023	1458	143	1869	214	7	-347	2	-355	-18.72
Mar 2024	2706	200	2644	271	9	123	29	87	3.74
Mar 2025	5387	116	5101	205	10	366	13	318	13.63
Mar 2026	6164	161	5896	-2624	10	-2527	-1	-2510	-107.49
TTM	6288	162	6005	-2672	10	-2560	—	-2521	-107.95

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	45.73%
FIIs	5.07%
DIIs	4.8%
Public	44.41%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Sep 2023	67.56%	3.37%	5.94%	23.14%
Dec 2023	52.99%	11.91%	9.75%	25.34%
Mar 2024	52.94%	10.5%	10.64%	25.91%
Jun 2024	52.92%	10.07%	9.08%	27.95%
Sep 2024	45.75%	14.08%	9.7%	30.47%
Dec 2024	45.74%	10.39%	9.82%	34.05%
Mar 2025	45.74%	8.43%	7.5%	38.33%
Jun 2025	45.74%	8.41%	5.02%	40.83%
Sep 2025	45.73%	7.11%	3.18%	44%
Dec 2025	45.73%	7.19%	2.98%	44.11%
Mar 2026	45.73%	6.96%	3.19%	44.12%
Jun 2026	45.73%	5.07%	4.8%	44.41%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2018	16	219	67	3545	3847	10	0	4	3833	3847
Mar 2019	16	423	1175	2962	4575	12	0	6	4557	4575
Mar 2020	16	686	606	2607	3916	28	3	4	3881	3916
Mar 2021	16	496	392	2872	3776	34	0	371	3371	3776
Mar 2022	19	1482	359	2112	3973	28	0	371	3573	3973
Mar 2023	19	1150	1851	1037	4057	33	0	371	3652	4057
Mar 2024	23	2657	511	2496	5687	47	0	371	5269	5687
Mar 2025	23	2983	931	3063	7001	39	0	804	6157	7001
Mar 2026	23	436	1188	3123	4770	38	0	560	4171	4770

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2018	347	-51	-257	39
Mar 2019	149	-934	1056	270
Mar 2020	-273	965	-821	-128
Mar 2021	-10	225	-275	-59
Mar 2022	-1261	501	982	222
Mar 2023	-580	-1088	1346	-322
Mar 2024	1027	-702	-85	240
Mar 2025	-18	-184	320	118
Mar 2026	282	-562	104	-176

Key ratios

Historical financial ratios

Category	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	131	77	124	88	62	137	88	74	96
Inventory Days	1	—	13	—	—	—	—	—	—
Days Payable	205	—	2,059	—	—	—	—	—	—
Cash Conversion Cycle	-72	77	-1,922	88	62	137	88	74	96
Working Capital Days	14	4	37	-18	63	314	85	24	-34
ROCE %	—	39%	41%	-6%	-9%	-8%	10%	13%	16%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of STRLNG & WIL REN ENE LTD (SWSOLAR)?

The reported market capitalisation for STRLNG & WIL REN ENE LTD (SWSOLAR) is ₹3,918Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of SWSOLAR?

The current price shown for STRLNG & WIL REN ENE LTD (SWSOLAR) on Fincrux is ₹168 with a 52-week high/low of ₹261/148.

What is the P/E ratio of STRLNG & WIL REN ENE LTD (SWSOLAR)?

The stock P/E for STRLNG & WIL REN ENE LTD (SWSOLAR) is 13.9 on Fincrux, with ROE at 16.8% and ROCE at 15.6%.

What were SWSOLAR latest quarterly results?

For Jun 2026, STRLNG & WIL REN ENE LTD (SWSOLAR) reported sales ₹1,487 Cr and net profit ₹68 Cr (figures in ₹ crore unless noted).

What are SWSOLAR annual sales and net profit?

For TTM, STRLNG & WIL REN ENE LTD (SWSOLAR) shows sales of ₹6,288 Cr and net profit of ₹-2,521 Cr on the Fincrux profit & loss statement.

Who owns STRLNG & WIL REN ENE LTD (SWSOLAR)?

Latest shareholding for STRLNG & WIL REN ENE LTD (SWSOLAR) on Fincrux: Promoters 45.73% (Jun 2026), FIIs 5.07% (Jun 2026), DIIs 4.80% (Jun 2026), Public 44.41% (Jun 2026), No. of Shareholders 3,29,077% (Jun 2026).

Where can I find STRLNG & WIL REN ENE LTD (SWSOLAR) financials?

STRLNG & WIL REN ENE LTD (SWSOLAR) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show SWSOLAR balance sheet and cash flow?

Yes. The STRLNG & WIL REN ENE LTD (SWSOLAR) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 13 October 2026 at 6:08