Sterling and Wilson Renewable Energy SWSOLAR
Solar Module Manufacturing (ALMM): Pure-play solar EPC contractor
Mapped in 2 themes: Solar Module Manufacturing (ALMM) and Energy Generation.
Where Sterling and Wilson Renewable Energy sits in the supply chain
Sterling and Wilson Renewable Energy appears in 2 supply-chain layers across 2 themes: Solar Module Manufacturing (ALMM) and Energy Generation.
Solar Module Manufacturing (ALMM) › EPC & Project Developers
OperatorPure-play solar EPC contractor
Other companies in this layer
Energy Generation › Solar Equipment & EPC
Direct supplierSolar EPC contractor
Other companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 3,035 | 6,302 | 7,548 |
| Net profit | −211 | 86 | −296 |
Latest-year revenue ₹7,548 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths · in Solar Module Manufacturing (ALMM)
- India's largest pure-play solar EPC contractor by track record, with a rebuilt order book
Risks · in Solar Module Manufacturing (ALMM)
- History of financial stress and governance concerns, and FY26 slipped back to a net loss - the recovery is not yet secure
- Project-based EPC revenue is lumpy and execution-risk-heavy
Common questions
What does Sterling and Wilson Renewable Energy do?
In Solar Module Manufacturing (ALMM): Pure-play solar EPC contractor. NextResearch maps it in 2 supply chains: Solar Module Manufacturing (ALMM) and Energy Generation.
Where does Sterling and Wilson Renewable Energy sit in the supply chain?
Sterling and Wilson Renewable Energy (NSE: SWSOLAR) is mapped in 2 supply-chain layers: EPC & Project Developers (Solar Module Manufacturing (ALMM)) and Solar Equipment & EPC (Energy Generation).
Who are Sterling and Wilson Renewable Energy's peers?
In the EPC & Project Developers layer of Solar Module Manufacturing (ALMM): KPI Green Energy, Adani Green Energy and Tata Power.
What is Sterling and Wilson Renewable Energy's market cap and valuation?
As of 30 Oct 2026: market cap ₹3,170 Cr, P/E 13.8x, ROCE 26.8%, ROE 40.1%, dividend yield 0%.