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Sterling and Wilson Renewable Energy Limited (SWSOLAR) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Sterling and Wilson Renewable Energy Limited stock ₹136, price ₹153, that is 11.2% below the price, quality 29 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Technology IN · ISIN INE00M201021

SA Sterling and Wilson Renewable Energy Limited logo Thin data Nov 10, 2026

Sterling and Wilson Renewable Energy Limited

SWSOLAR · NSE
Expensive, weak quality

Our calculation puts a fair price 11% below what the stock costs today.

36% return on equity.
Expensive Growth (revenue 5y +8.4 %/yr in INR)
Thin margins · 2.9% net margin (TTM)
Moderate debt
Mixed vs. peers (7/12)
Fair value ₹136.09 · Overvalued
Quality 29/100
Negative free cash flow
Narrow moat 38/100
Thin data
Estimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

₹820.65 ₹135.97 Fair Value ₹136.09 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range ₹135.97 – ₹820.65 · fair‑value band ₹102.07 – ₹170.12 · the ₹153.22 price screens above the ₹136.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Sterling and Wilson Renewable Energy Limited provides renewable engineering, procurement, and construction (EPC) services in India, Europe, the Middle East, North Africa, rest of Africa, the United States, Latin America, and Australia.

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It operates through two segments, EPC Business; and Operations and Maintenance (O&M) Service.

The company offers design and engineering; construction, installation, testing, commissioning, grid integration, and long-term O&M; solar plus storage solutions; and project management and planning, maintenance manual development, anchoring and mooring, issuance of design book module, equipment installation, and bathymetric and geotechnical assessment studies for utility-scale and floating solar, hybrid, energy storage, battery energy storage systems.

It also engages in the import, export, and trading of solar modules, structures, invertors, and related accessories; installation and maintenance of renewable energy power generating facilities; and setting up of power plants, solar energy systems, renewable energy systems, and hybrid energy systems and energy storage plants for power generation.

In addition, the company provides O&M and asset management solutions to EPC projects and third-party clients. It serves independent power producers, developers, and equity funds.

The company was formerly known as Sterling and Wilson Solar Limited and changed its name to Sterling and Wilson Renewable Energy Limited in November 2021. Sterling and Wilson Renewable Energy Limited was founded in 2011 and is based in Mumbai, India.

Stock analysis

Sterling and Wilson Renewable Energy Limited (SWSOLAR) currently trades at ₹153.22, while our estimate is ₹136.09, 11% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: ₹102.07 (bear) to ₹170.12 (bull), the price of ₹153.22 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 29/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Sterling and Wilson Renewable Energy Limited reported revenue of ₹75.5B in FY2026 versus ₹52.0B in FY2022, a compound +9.8%/yr. Reported net income was −₹3.1B in FY2026.

Key figures

Market cap ₹35.8B (≈ $381M) Small · P/E ratio 17.5 · P/S ratio 0.50 · EPS (TTM) ₹8.78 · Net margin 2.9% · Return on equity 36.2% · Return on assets (EBIT) −9.4% (5-year average) · Operating margin 3.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).

What moves the price

The share trades about 39% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 16% fair-value upside, at −11%, SWSOLAR screens richer than that median.

Fair Value

Bear ₹102.07 Fair Value ₹136.09 Bull ₹170.12
Price ₹153.22 · Downside -11.2%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 29/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 24
How much profit the company makes from its sales and capital
Quality Growth 40
Are margins and returns getting better?
Cashflow 17
Do the profits arrive as real cash?
Financial strength 17
Debt, balance sheet and risk of trouble
Investment 54
Does it invest with discipline instead of growing at any price?
Low Volatility 56
How calm the share price moves, does not count
Price momentum 9
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 8
Distance to the 52-week high, does not count
New shares 43
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+19.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+55.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
Start year 2021 (pandemic). Over 10 years: +10.7% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.7%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−5.6% (2021) → −1.5% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

SWSOLAR screens overvalued: fair value 11% below the price. Compare with First Solar, Inc →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Solar · 105 stocks

Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 29 · Bottom 25%
Fair Value upside −11.2% · Above median
Profitability
Return on equity (12 months) 36.2% · Top 25%
Return on assets −5.8% · Below median
Net margin (12 months) 2.9% · Above median
Operating margin (12 months) 3.4% · Above median
Growth and dividend
Revenue growth (quarter YoY) −12.6% · Below median
Balance sheet
Debt / equity 0.77× · Highest 25%

Valuation Multiplesvs Solar median · lower = cheaper

P/E (12 months) 17.5× · Cheaper than median
P/B 5.51× · Priciest 25%
P/S (12 months) 0.50× · Cheapest 25%
EV/EBITDA 10.4× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)18 · sector 18
FUTURE (revenue growth)0 · sector 5
PAST (return on equity)100 · sector 0
HEALTH (low debt)62 · sector 82
DIVIDEND (yield)0 · sector 26

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Solar stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
First Solar, Inc FSLR $180.98 $392.02 +117% vs SWSOLAR
Hengdian Group 002056 ¥17.22 ¥31.86 +85% vs SWSOLAR
Jinko Solar Co 688223 ¥4.22 ¥6.49 +54% vs SWSOLAR
Waaree Energies Limited WAAREEENER ₹2,444 ₹3,613 +48% vs SWSOLAR
Nextpower Inc NXT $99.82 $115.38 +16% vs SWSOLAR
Hanwha Solutions Corporation 009830 24,400 KRW 26,751 KRW +10% vs SWSOLAR
Tongwei Co 600438 ¥11.97 ¥12.13 +1% vs SWSOLAR
Premier Energies Limited PREMIERENE ₹886.00 ₹646.51 −27% vs SWSOLAR
Shanghai Aiko Solar Energy Co 600732 ¥12.96 ¥7.22 −44% vs SWSOLAR
CSI Solar Co 688472 ¥8.97 ¥4.87 −46% vs SWSOLAR

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Sterling and Wilson Renewable Energy Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Sterling and Wilson Renewable Energy Limited Fair Value". https://www.fairvalue-calculator.com/stock/SWSOLAR

Frequently asked questions

Is Sterling and Wilson Renewable Energy Limited (SWSOLAR) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is ₹136.09 versus a price of ₹153.22, about 11% lower (overvalued).
What is the fair value of SWSOLAR?
Our estimate for Sterling and Wilson Renewable Energy Limited is ₹136.09 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹153.22.
What is the quality score of SWSOLAR?
Sterling and Wilson Renewable Energy Limited has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
Our calculated price target is the estimate of ₹136.09 (as of Nov 10, 2026). Cautious scenario ₹102.07, optimistic scenario ₹170.12. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Sterling and Wilson Renewable Energy Limited stock forecast for 2026?
Our estimate puts fair value at ₹136.09, about 11% lower versus a price of ₹153.22 (overvalued). Cautious scenario ₹102.07, optimistic scenario ₹170.12. The calculation is refreshed regularly with new filings.
What is the revenue of Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
Sterling and Wilson Renewable Energy Limited reported trailing-twelve-month revenue of about ₹71.6B (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sterling and Wilson Renewable Energy Limited it is ₹136.09 per share (as of Nov 10, 2026), against a price of ₹153.22.
Is Sterling and Wilson Renewable Energy Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, SWSOLAR trades above its calculated fair value: price ₹153.22, fair value ₹136.09, a gap of about −11% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SWSOLAR?
No. The price is what the market pays today (₹153.22); the fair value is what the company's own numbers justify (₹136.09). For Sterling and Wilson Renewable Energy Limited the two are ₹17.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sterling and Wilson Renewable Energy Limited worth?
The market values Sterling and Wilson Renewable Energy Limited at about ₹35.8B (market capitalisation, as of Nov 10, 2026). Per share that is ₹153.22; our models calculate a fair value of ₹136.09 per share.
What do the bullish and bearish scenarios say about SWSOLAR?
Our models span a range for Sterling and Wilson Renewable Energy Limited: cautious scenario ₹102.07, base ₹136.09, optimistic ₹170.12 per share (as of Nov 10, 2026, price ₹153.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SWSOLAR?
Sterling and Wilson Renewable Energy Limited trades at a price-to-earnings ratio of 17.5 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹136.09 is built from several models across several years. Other multiples: P/B 5.5, P/S 0.5, EV/EBITDA 10.4.
How solid is the balance sheet of Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
Balance-sheet figures for Sterling and Wilson Renewable Energy Limited (as of Nov 10, 2026): return on equity 36.2%, debt of 0.77 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is SWSOLAR from its 52-week high?
Sterling and Wilson Renewable Energy Limited trades at ₹153.22, about 39% below its 52-week high of ₹249.15 and 13% above the low of ₹135.97 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹136.09 is for.
Which stocks are comparable to Sterling and Wilson Renewable Energy Limited?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Tongwei Co, Waaree Energies Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sterling and Wilson Renewable Energy Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹153.22, calculated fair value ₹136.09 (−11%), Quality Score 29/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Sterling and Wilson Renewable Energy Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
The closing price on Nov 9, 2026 was ₹153.22. Our estimate is ₹136.09, about 11% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sterling and Wilson Renewable Energy Limited right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of Sterling and Wilson Renewable Energy Limited

How large is the market capitalisation of Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
The market capitalisation of Sterling and Wilson Renewable Energy Limited is ₹35.8B (≈ $381M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
The price-to-sales ratio of Sterling and Wilson Renewable Energy Limited is 0.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
Earnings per share at Sterling and Wilson Renewable Energy Limited are ₹8.78 (price ÷ EPS = P/E 17.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
The net margin of Sterling and Wilson Renewable Energy Limited is 2.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
The return on equity (ROE) of Sterling and Wilson Renewable Energy Limited is 36.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
On an EBIT basis the return on assets of Sterling and Wilson Renewable Energy Limited is −9.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
The operating margin of Sterling and Wilson Renewable Energy Limited is 3.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
Revenue at Sterling and Wilson Renewable Energy Limited is growing −12.6% versus a year earlier (3y avg +55.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sterling and Wilson Renewable Energy Limited (SWSOLAR)?
Earnings per share at Sterling and Wilson Renewable Energy Limited are growing +69.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sterling and Wilson Renewable Energy Limited (SWSOLAR) generate?
The free cash flow of Sterling and Wilson Renewable Energy Limited is −₹4.1B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Sterling and Wilson Renewable Energy Limited (SWSOLAR) carry?
The net debt of Sterling and Wilson Renewable Energy Limited is ₹6.6B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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