Sterling & Wilson Renewable Energy Ltd
About
Sterling & Wilson Renewable Energy Limited is a leading global solar EPC (Engineering, Procurement, and Construction) solutions provider. The company was founded by Shapoorji Mistry Sr. and Mehervan Daruvala whose business relationship turned into the formation of f Sterling and Wilson, which became a part of the Shapoorji Pallonji Group in 1971.Sterling & Wilson Renewable Energy Limited is headquartered in Mumbai, Maharashtra. The company is currently under the leadership of Chairman Khurshed Yazdi Daruvala. Sterling & Wilson Renewable Energy has established operations in 28 countries across the Middle East, Africa, Europe, the Americas, and Australia. The company began its solar EPC operations in 2011 and was officially demerged in 2017 to focus on the growing renewable energy sector. With 268 solar projects worldwide, Sterling has emerged as one of the world’s largest solar EPC providers, playing a crucial role in advancing sustainable energy solutions on a global scale.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3121 46.8% | 2126 -59.8% | 5294 1.0% | 5239 -10.9% | 5879 -30.4% | 8449 22.9% | 6873 - |
| Net Operating Income (INR Cr) | 3035 50.64% | 2015 -61.24% | 5199 2.33% | 5081 -8.87% | 5575 -32.34% | 8240 19.92% | 6872 0.00% |
| Profit (INR Cr) | -212 - | -1170 - | -909 - | -285 - | 310 -51.5% | 639 41.3% | 452 - |
| Assets (INR Cr) | 1493 -17.4% | 1809 31.3% | 1378 18.5% | 1163 -49.9% | 2320 -24.5% | 3074 701.3% | 384 - |
| Net Worth (INR Cr) | 969 530.6% | -225 -124.6% | 917 38.5% | 662 -38.8% | 1081 28.5% | 841 327.8% | 197 0.0% |
| Employee Cost (INR Cr) | 211 -14.8% | 248 8.8% | 228 9.3% | 208 -13.2% | 240 35.1% | 178 80.4% | 99 - |
| Interest Cost (INR Cr) | 234 | 151 | 87 | 105 | 220 | 100 | 23 |
| Cash & Bank Balance (INR Cr) | 339 | 95 | 504 | 291 | 499 | 455 | 104 |
| Total Debt (INR Cr) | 516 | 2030 | 446 | 479 | 1234 | 2228 | 184 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | - | - | 5.3% | 7.6% | 6.6% |
| Profit As % Of Assets | - | - | - | - | 13.4% | 20.8% | 117.9% |
| Profit As % Of Networth | - | - | - | - | 28.7% | 76.0% | 230.0% |
| Interest Cost to EBITDA % | - | - | - | - | 66.8% | 15.2% | 4.2% |
| Debt to Equity Ratio | 0.53 | - | 0.49 | 0.72 | 1.14 | 2.65 | 0.94 |
| RONW | - | - | - | - | 31.7% | 123.0% | 211.5% |
| ROCE | 0.0% | 0.0% | 0.0% | -13.5% | 22.9% | 49.6% | 131.8% |