Rs 9,096 crore order book: Reliance Group-Backed Solar EPC Stock Locked In Lower Circuit; Here’s Why
The stock is up by 44 per cent from its 52-week low of Rs 216.05 per share.
On Friday, shares of Sterling and Wilson Renewable Energy Limited (SWREL) hit a 5 per cent lower circuit to Rs 310.50 per share from its previous closing of Rs 326.80 per share.
Sterling and Wilson Renewable Energy Limited (SWREL) reported a strong performance in Q4 and FY25, marked by its highest-ever quarterly revenue of Rs 2,519 crore since listing, representing a significant 114 per cent year-on-year (YoY) and 37 per cent quarter-on-quarter (QoQ) increase. The company's FY25 revenue more than doubled to Rs 6,302 crore compared to Rs 3,035 crore in FY24, demonstrating substantial growth. SWREL also achieved a gross margin of Rs 263 crore in Q4FY25 and Rs 638 crore for the full fiscal year.
The company's robust order inflows continued, reaching approximately Rs 7,051 crore in FY25, reflecting strong industry confidence in its execution capabilities. As of March 31, 2025, the unexecuted order value stood at around Rs 9,096 crore, an increase from Rs 8,084 crore in the same period last year. Notably, domestic order inflows showed an impressive 21 per cent YoY rise, contributing significantly to the overall strong performance. The operational EBITDA for Q4FY25 was Rs 158 crore, and for FY25, it reached Rs 291 crore.
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About Sterling and Wilson Renewable Energy Limited
Sterling and Wilson Renewable Energy Limited (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions and has a total portfolio of over 19.4 GWp (including projects commissioned and under various stages of construction). SWREL also manages an operation and maintenance (O&M) portfolio of 8.2 GWp solar power projects, including projects constructed by third parties. Present in 28 countries today, Sterling and Wilson Renewable Energy Limited has operations in India, Southeast Asia, the Middle East, Africa, Europe, Australia and the Americas.
The company boasts a market capitalisation of Rs 7,250 crore and as of March 31, 2025, its order book stands at a substantial Rs 9,096 crore. Notably, the company is backed by the Reliance Group, with Reliance New Energy Limited, a key player within the Reliance Group, holding a significant 32.53 per cent stake. The stock is up by 44 per cent from its 52-week low of Rs 216.05 per share. Investors should keep an eye on this Reliance Group-backed solar EPC stock.
Disclaimer: The article is for informational purposes only and not investment advice.