Sterling and Wilson Renewable Energy Ltd

Sterling and Wilson Renewable Energy Ltd maintains a leveraged capital structure with a debt-to-equity ratio of 1.83, indicating significant reliance on debt financing relative to shareholder equity. The balance sheet shows total liabilities of 46.68 billion INR against total equity of 6.50 billion INR, resulting in a negative net cash position after accounting for total debt. Liquidity is assessed as medium risk, supported by a current ratio of 1.16, which suggests the company can meet short-term obligations but with limited buffer. Operating cash flow stands at -2.57 billion INR, while free cash flow is -2.95 billion INR, reflecting cash outflows from operations and capital expenditures of 112.2 million INR.

Profitability metrics indicate financial distress, with the company reporting an operating income of -3.20 billion INR and a net income of -3.09 billion INR for the latest period. Despite these losses, the return on equity is reported at 0.3109 and return on assets at 0.038, figures that appear inconsistent with the negative net income and may reflect accounting adjustments or specific valuation snapshot computations. The gross profit of 7.10 billion INR on revenue of 75.48 billion INR yields a gross margin of approximately 9.4%, highlighting thin margins typical of the construction and engineering industry. Without cohort median data for direct comparison, the profitability profile suggests challenges in converting revenue into net earnings.

Revenue concentration and segment details are not explicitly provided in the available data, limiting the analysis of geographic or business segment exposure. The company’s activity is broadly classified under Construction & Engineering, implying potential exposure to project-based revenue recognition and cyclicality inherent in infrastructure development. The absence of detailed segment data prevents a granular assessment of revenue drivers or geographic risks.

Growth trajectory analysis is constrained by the lack of historical period data in the input. The latest revenue figure of 75.48 billion INR provides a single data point, insufficient for trend analysis or year-over-year growth calculation. Without historical revenue or net income trends, the company’s growth momentum cannot be quantitatively assessed.

Risk factors include medium liquidity risk and low dilution risk, with a key flag noting negative net cash after subtracting total debt. The company’s negative operating and free cash flows exacerbate liquidity concerns, while the low dilution risk suggests limited immediate pressure from share issuance. The negative net cash position highlights vulnerability to interest rate fluctuations and refinancing risks.

Recent events include analyst estimates with a mean price target of 292.50 INR and a median price target of 292.50 INR, ranging from a low of 285.00 INR to a high of 300.00 INR. The mean recommendation is 2.00, indicating a buy rating, with two buy recommendations and no strong buy or hold ratings. These analyst signals suggest moderate optimism despite the company’s current financial challenges.

Sterling and Wilson Renewable Energy Ltd (STEN.NS) has experienced no material changes in its fundamental profile or market signals during the recent analysis period. A comprehensive review of 17 key fields, excluding four schema-expansion fields, confirmed that the company’s status remains static compared to prior assessments. This lack of movement is further corroborated by the absence of any active watcher signals or cross-source dispatches, indicating a period of quiet activity for the stock. The data from late June through mid-July 2026 shows zero daily dispatch counts, with no associated sentiment recorded for any day in this window. This complete absence of news flow or market commentary suggests that there are no immediate catalysts driving investor attention or price action for STEN.NS. Consequently, the stock is not currently generating the type of informational volatility that typically triggers short-term trading interest or analyst updates. From a structural perspective, the company’s current footprint in the provided dataset is minimal, with zero recorded officers, analysts, index memberships, or top holders. This sparse data environment limits the ability to derive insights from traditional fundamental or ownership-based metrics. The lack of analyst coverage and index inclusion further isolates the stock from broader market benchmarks and professional scrutiny during this timeframe. For investors, the significance of this stagnation lies in the predictability of the current environment. Without new material developments, shifts in leadership, or changes in institutional ownership, the risk profile for STEN.NS appears unchanged. Market participants should note that the absence of negative signals is not equivalent to positive momentum; rather, it reflects a holding pattern where the company awaits new information to alter its trajectory.

Analysts project 48.4% upside to a mean price target of 292.5, signaling strong institutional confidence in future performance.

Revenue grew at a 26.7% compound annual growth rate over four years, demonstrating robust top-line expansion capabilities.

Capex to revenue ratio of -0.0013 sits above the 75th percentile, suggesting lower capital intensity than peers.

Debt-to-equity ratio of 1.83 is in the bottom quartile, indicating significantly higher leverage risk than the cohort median.

Cash conversion of -1.27 ranks in the bottom quartile, highlighting poor ability to turn profits into cash.

The company faces medium liquidity risk and medium credit risk, posing potential challenges to financial stability.

Net income swung to a loss of 3.09 billion INR in FY2026, reversing the profitability seen in FY2025.

Revenue INR 19.46B, −22,8% YoY; Operating income +9,5% YoY.

• ▍Revenue INR 19.46B, −22,8% YoY
• ▍Operating income +9,5% YoY
• ▍Net income +143,0% YoY
• ▍Net margin 6.9%

Revenue INR 20.92B, +13,9% YoY; Operating income −50,3% YoY.

• ▍Revenue INR 20.92B, +13,9% YoY
• ▍Operating income −50,3% YoY
• ▍Net income −118,7% YoY
• ▍Net margin -0.1%

Revenue INR 25.19B; Operating income INR 1.30B.

• ▍Revenue INR 25.19B
• ▍Operating income INR 1.30B
• ▍Net margin 2.2%

Revenue INR 18.37B; Operating income INR 669.6M.

• ▍Revenue INR 18.37B
• ▍Operating income INR 669.6M
• ▍Net margin 0.8%

Revenue INR 10.30B; Operating income INR 143.2M.

• ▍Revenue INR 10.30B
• ▍Operating income INR 143.2M
• ▍Net margin 0.7%

Revenue INR 9.15B; Operating income INR 206.7M.

• ▍Revenue INR 9.15B
• ▍Operating income INR 206.7M
• ▍Net margin 0.5%

Revenue INR 75.48B, +19,8% YoY; Operating income −235,5% YoY.

• ▍Revenue INR 75.48B, +19,8% YoY
• ▍Operating income −235,5% YoY
• ▍Net income −479,9% YoY
• ▍Free cash flow −408,4% YoY
• ▍Net margin -4.1%

Revenue INR 63.02B; Operating income INR 2.36B.

• ▍Revenue INR 63.02B
• ▍Operating income INR 2.36B
• ▍Net margin 1.3%

Revenue INR 20.15B, −61,2% YoY; Operating income −32,3% YoY.

• ▍Revenue INR 20.15B, −61,2% YoY
• ▍Operating income −32,3% YoY
• ▍Net income −28,6% YoY
• ▍Free cash flow −27,9% YoY
• ▍Net margin -58.0%