SW Solar Share Price Target 2024, 2025, 2026, 2028, 2030, 2040 And 2050

Today in this article we are going to discuss in detail SW Solar Share Price Target 2024, 2025, 2026, 2028, 2030, 2040 and 2050. If you are thinking of a long-term investment then you should pay more attention to its fundamental analysis and future planning.

Before setting the target, let us discuss in detail its Fundamental, Revenue, Profit For The Period and Shareholding Pattern of the company. To better analyze the growth of the company, its Share Price Growth Chart has also been shown in the article. Investing in any stock should be decided based on one’s own research, financial situation and risk tolerance.

What is SW Solar

Sterling and Wilson Solar Limited began operations in 2011 with its solar EPC division and was spun off as an independent company in 2017. Sterling and Wilson Solar is a leading solar company globally. Which is involved in works like engineering, procurement and construction (EPC) solutions. It is also engaged in operation and maintenance of solar power projects.

SW Solar’s core business is power generation and distribution. Currently, the demand for renewable energy is increasing significantly in India, Sterling and Wilson Solar has been created to take advantage of the opportunity of this increasing demand. The company has incorporated EPC solutions to provide complete energy solutions to solar energy customers and for hybrid energy and energy storage. Which means that it will make a better plan for energy projects, install them and also provide services like operating the energy.

It has expanded its renewable energy offering to 28 countries. SW Solar is ready to meet the demand for renewable energy. From this it is expected that the price of the stock may increase in the future due to which investors can get very good returns.

SW Solar Fundamental

SW Solar was established in 2011 in response to the increasing demand for renewable energy. The current Mkt Cap of the company is ₹16,623 Cr. Between June 2023 and June 2024, its TTM EPS has generated a growth of about 200%.

The company has also recorded a remarkable Sales Growth of 78.03% and Profit Growth of 124.50% in the last one year, which are positive figures from the investment point of view.

Meanwhile, the company’s ROE has been recorded as negative and ROCE is quite low, which means that it is currently unable to earn money for its shareholders. The PE ratio of its stock is 191.15 which indicates overvalue, which means its share price may fall in the future.

From the investment point of view, the fundamentals of SW Solar are mixed, some figures are positive for investment and some are also negative. It is very important for you to do your own analysis before investing.

Company Name	Sterling and Wilson Renewable Energy Ltd.
Sector	Power Generation/Distribution
Established	2011
Website	https://www.sterlingandwilsonre.com/
Listing At	NSE and BSE
Mkt Cap	₹16,623 Cr.
ROE	-56.7 %
ROCE	2.83 %
52 Week High	828.00
52 Week Low	253.00
P/E Ratio (TTM)	191.15
P/B Ratio	6.23
Face Value	1
Book Value Per Share	41.55
EPS (TTM)	3.74
Dividend Yield	0.00
Net Sales	2,977.07
Sales Growth	78.03%
Net Profit (Anual)	87.25
Profit Growth	124.50%

SW Solar Share Price Target 2024 2025, 2026, 2028, 2030, 2040 And 2050

SW Solar Share Price Target 2024

Month	Minimum Target	Maximum Target
January	₹441	₹555
February	₹580	₹600
March	₹525	₹605
April	₹526	₹642
May	₹666	₹700
June	₹714	₹735
July	₹675	₹715
August	₹690	₹723
September	₹700	₹724
October	₹715	₹735
November	₹722	₹738
December	₹732	₹755

SW Solar Share Price Target 2025

Month	Minimum Target	Maximum Target
January	₹726	₹742
February	₹732	₹745
March	₹738	₹759
April	₹755	₹786
May	₹762	₹775
June	₹772	₹788
July	₹784	₹802
August	₹792	₹835
September	₹798	₹814
October	₹802	₹834
November	₹832	₹852
December	₹850	₹884

SW Solar Share Price Target 2026

Month	Minimum Target	Maximum Target
January	₹854	₹862
February	₹864	₹892
March	₹842	₹872
April	₹828	₹854
May	₹850	₹872
June	₹870	₹894
July	₹882	₹905
August	₹897	₹912
September	₹902	₹928
October	₹925	₹958
November	₹935	₹955
December	₹950	₹984

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SW Solar Share Price Target 2028

Month	Minimum Target	Maximum Target
January	₹1042	₹1074
February	₹1055	₹1078
March	₹1032	₹1060
April	₹1040	₹1064
May	₹1060	₹1102
June	₹1100	₹1128
July	₹1125	₹1152
August	₹1150	₹1182
September	₹1180	₹1204
October	₹1200	₹1222
November	₹1218	₹1245
December	₹1240	₹1272

SW Solar Share Price Target 2030

Month	Minimum Target	Maximum Target
January	₹1375	₹1394
February	₹1383	₹1398
March	₹1395	₹1408
April	₹1388	₹1402
May	₹1400	₹1426
June	₹1425	₹1441
July	₹1450	₹1482
August	₹1480	₹1494
September	₹1492	₹1504
October	₹1502	₹1524
November	₹1520	₹1538
December	₹1535	₹1559

SW Solar Share Price Target 2040

Month	Minimum Target	Maximum Target
January	₹1922	₹1962
February	₹1935	₹1952
March	₹1944	₹1968
April	₹1965	₹1986
May	₹1930	₹1970
June	₹1928	₹1962
July	₹1960	₹2012
August	₹2005	₹2044
September	₹2040	₹2078
October	₹2075	₹2094
November	₹2090	₹2144
December	₹2140	₹2202

SW Solar Share Price Target 2050

Month	Minimum Target	Maximum Target
January	₹2810	₹2824
February	₹2820	₹2856
March	₹2844	₹2862
April	₹2805	₹2845
May	₹2802	₹2828
June	₹2825	₹2854
July	₹2850	₹2902
August	₹2900	₹2934
September	₹2932	₹2975
October	₹2970	₹3004
November	₹3000	₹3066
December	₹3060	₹3102

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SW Solar Listing Date

The company was successfully listed on the stock markets NSE and BSE on 20-08-2019. After listing, the company was opened in the Indian market at Rs 700 per share.

SW Solar Share Price History

In 2017, SW Solar was separated from Sterling and Wilson Private Limited and became an independent company. It was successfully listed on Indian markets NSE and BSE on 20 August 2019 at Rs 700.

The current share price of SW Solar is Rs 715. The company had reached its 52 week high of Rs 828.00 only last month.

If we look at the price performance of the company, the company had generated a profit of 170.64% in the last 3 years and 146.38% profit in the last one year.

SW Solar Share Price Growth Chart

Here is the Share Price Growth Chart of SW Solar. The Growth Chart shows that the share price of the company had been continuously falling since the listing, but the company has been giving good profits for the last 3 years and is expected. It means that it will give good profits to the investor in future also.

SW Solar Profit/Loss – Last 5 Years Report

SW Solar Income Report

PROFIT & LOSS  (in Rs. Cr.)	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
	12 mths	12 mths	12 mths	12 mths	12 mths
INCOME
Revenue From Operations [Gross]	2,706.16	1,456.60	3,458.03	3,167.95	4,535.06
Revenue From Operations [Net]	2,706.16	1,456.60	3,458.03	3,167.95	4,535.06
Total Operating Revenues	2,706.16	1,457.91	3,459.58	3,176.17	4,535.10
Other Income	270.91	214.26	102.31	153.95	365.23
Total Revenue	2,977.07	1,672.17	3,561.89	3,330.12	4,900.33

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SW Solar Expenses

Expenses	MAR 24	MAR23	MAR 22	MAR 21	MAR 20
	12 mths	12mths	12 mths	12 mths	12 mths
Cost Of Materials Consumed	0.00	900.54	1,681.70	2,029.83	2,718.91
Purchase Of Stock-In Trade	0.00	0.00	0.00	0.79	408.99
Operating And Direct Expenses	0.00	689.54	1,670.48	1,049.47	920.88
Changes In Inventories Of FG,WIP And Stock-In Trade	0.00	0.00	0.00	0.00	0.00
Employee Benefit Expenses	135.05	144.06	124.83	122.34	138.37
Finance Costs	192.39	141.10	75.34	67.59	146.18
Depreciation And Amortisation Expenses	9.46	6.69	7.90	8.20	6.32
Other Expenses	2,516.71	137.21	207.06	194.57	136.25
Total Expenses	2,853.61	2,019.14	3,767.31	3,472.79	4,475.90

SW Solar Profit/Loss

The total revenue of the company has been variable for the last 5 years. The total revenue of the company in the financial year 2023 and 2024 was Rs 1,672.17 crore and Rs 2,977.07 crore. Meanwhile, the total revenue of the company has increased by 78.03%. Its total expenses in the financial year 2024 have been Rs 2,853.61 crore.

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The company had a loss of Rs 355.02 crore in the financial year 2023, while it made a profit of Rs 87.25 crore in the financial year 2024.

Profit/Loss (in Rs.Cr.)	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
	12 mths	12 mths	12 mths	12 mths	12 mths
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax	123.46	-346.97	-205.42	-142.67	424.43
Profit/Loss After Tax And Before ExtraOrdinary Items	87.25	-355.02	-167.52	-111.44	311.44
Profit/Loss From Continuing Operations	87.25	-355.02	-167.52	-111.44	311.44
Profit/Loss For The Period	87.25	-355.02	-167.52	-111.44	311.44

Other Additional Information

EARNINGS PER SHARE	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
	12 mths	12 mths	12 mths	12 mths	12 mths
Basic EPS (Rs.)	4.31	-18.72	-9.99	-6.95	19.42
Diluted EPS (Rs.)	4.30	-18.72	-9.99	-6.95	19.42
DIVIDEND AND DIVIDEND PERCENTAGE
Equity Share Dividend	0.00	0.00	0.00	0.00	0.00
Equity Dividend Rate (%)	0.00	0.00	0.00	0.00	600.00

SW Solar Balance Sheet – Last 5 Years Report:

Equities And Liabilities

Balance Sheet (in Rs. Cr.)	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
	12 mths	12 mths	12 mths	12 mths	12 mths
SHAREHOLDER’S FUNDS
Equity Share Capital	23.32	18.97	18.97	16.04	16.04
Total Share Capital	23.32	18.97	18.97	16.04	16.04
Reserves and Surplus	2,657.24	1,142.98	1,478.55	495.94	645.20
Total Reserves and Surplus	2,657.24	1,142.98	1,478.55	495.94	645.20
Total Shareholders Funds	2,680.56	1,168.98	1,501.23	511.98	661.23
NON-CURRENT LIABILITIES
Long Term Borrowings	246.21	700.00	0.00	0.00	0.00
Deferred Tax Liabilities [Net]	0.00	0.00	0.00	0.00	0.00
Other Long Term Liabilities	28.68	10.13	5.57	6.08	6.48
Long Term Provisions	16.51	14.02	20.56	20.56	9.05
Total Non-Current Liabilities	291.40	724.15	26.13	26.64	15.53
CURRENT LIABILITIES
Short Term Borrowings	230.45	1,140.18	353.23	385.73	600.09
Trade Payables	1,232.26	328.91	1,443.38	2,379.75	2,306.14
Other Current Liabilities	1,216.65	666.87	493.27	379.03	224.46
Short Term Provisions	35.78	27.89	155.51	93.16	67.38
Total Current Liabilities	2,715.14	2,163.85	2,445.39	3,237.67	3,198.08
Total Capital And Liabilities	5,687.10	4,056.98	3,972.75	3,776.29	3,874.84

Assets

Assets	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
	12 mths	12 mths	12 mths	12 mths	12 mths
NON-CURRENT ASSETS
Tangible Assets	46.76	27.74	21.26	25.67	26.44
Intangible Assets	0.00	5.53	6.56	7.84	1.76
Capital Work-In-Progress	0.00	0.00	0.00	0.01	2.42
Other Assets	0.00	0.00	0.00	0.00	0.00
Fixed Assets	46.76	33.27	28.14	33.84	30.95
Non-Current Investments	371.21	371.21	371.21	371.21	3.68
Deferred Tax Assets [Net]	68.36	100.60	105.73	80.86	26.93
Long Term Loans And Advances	1,507.44	0.00	0.00	0.77	1.44
Other Non-Current Assets	59.46	74.26	48.83	43.62	3.81
Total Non-Current Assets	2,053.23	579.34	553.91	530.30	66.81
CURRENT ASSETS
Current Investments	0.00	0.00	0.00	0.00	0.46
Inventories	1.14	1.57	3.90	3.09	14.51
Trade Receivables	650.05	546.08	589.78	769.99	1,539.76
Cash And Cash Equivalents	285.31	58.73	380.45	168.54	192.19
Short Term Loans And Advances	499.62	1,262.14	153.96	560.19	949.19
OtherCurrentAssets	2,197.75	1,609.12	2,290.75	1,744.18	1,111.93
Total Current Assets	3,633.87	3,477.64	3,418.84	3,245.99	3,808.03
Total Assets	5,687.10	4,056.98	3,972.75	3,776.29	3,874.84

Other Additional Information

OTHER ADDITIONAL INFORMATION	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
	12 mths	12 mths	12 mths	12 mths	12 mths
CONTINGENT LIABILITIES, COMMITMENTS
Contingent Liabilities	0.00	2,593.21	2,382.31	1,297.07	1,142.54
BONUS DETAILS
Bonus Equity Share Capital	—	—	—	—	—
NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market Value	—	—	—	—	—
Non-Current Investments Unquoted Book Value	—	371.21	371.21	371.21	3.68

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SW Solar Quarterly Report

	Mar 24	Dec 23	Sep 23	Jun 23
Sales +	1233Cr.	602.24Cr.	709.83Cr.	432.17Cr.
Expenses +	1111Cr.	595.43Cr.	691.87Cr.	454.97Cr.
EBITDA	148Cr.	70.44Cr.	75.69Cr.	30.90Cr.
EBIT	145Cr.	67.70Cr.	73.21Cr.	29.32Cr.
Net Profit	88.89Cr.	6.29Cr.	14.87Cr.	-22.80Cr.
Profit Before Tax	121.49Cr.	6.81Cr.	17.96Cr.	-22.80Cr.
Operating Profit Margin	13.01%	13.03%	11.79%	8.05%
Net Profit Margin	7.80%	1.16%	2.32%	-5.94%
Earning Per Share	₹3.81	₹.32	₹.78	₹(-1.20)
Depreciation	3	3	2	2
Dividends Per Share	0.00	0.00	0.00	0.00

SW Solar Share Price Target: Expert Opinion

How to Buy SW Solar Share

Stocks of any company are bought and sold on the Indian markets NSE and BSE. For this the investor will have to open a demat account in any broker. This broker is registered by SEBI. Names of some popular brokers are mentioned below through which you can open your demat account.

• Zerodha
• Groww
• Angel One
• Upstox

SW Solar Shareholding Pattern

Promoter	52.94%
Other Domestic Institutions	5.08%
Retail and Others	25.91%
Foreign Institutions	10.50%
Mutual funds	5.58%
Total	100.00%

SW Solar Latest News

1. In the fourth quarter of FY 2024, the sector has received new orders worth Rs 500 crore for two projects. It is expected that the order for 30 GW pipeline may be passed for the financial year 2025, the bid for which will probably be Rs 40,000-50,000 crore, which will mainly be domestic.

2. In its fourth quarter, SW Solar has generated a profit of around Rs 1.40 crore and also the company has reported a strong performance of new order inflow of Rs 2,400 crore in Q3FY24.

3. The management has set a target of new orders of Rs 8000 crore for FY 2025, excluding RIL and Nigeria. Nuvama believes that if the company successfully fulfills even 50% of the orders it currently has, its earnings will increase significantly.

4. Nuwama says that the recent $2 billion agreement with Nigeria is expected to be completed soon.

5. Nuvama has increased the target price of SW Solar by 37%, currently its price per share is Rs 850.

6. The promoters of the company have pledged their 37.16% shareholding till March 2024. Maximum shares were pledged by Mr. Kainaz Khurshid Daruwala in April 2024.

Strengths

• SW Solar’s Net Cash Flow is showing increasing with time which means it is generating more cash than its expenses and its Net Profit is also showing good growth and this is a positive sign.
• There has been good growth in its Quarterly Net Profit compared to the previous quarter and at the same time the Profit Margin has also increased which shows the efficiency of the company.
• The company has reduced its debt, thereby reducing its financial risk. Low dept can be beneficial in economic recession.
• There has been a reduction in the promoter pledge of the company which means that the promoters are repaying their loans, this is a strong financial sign.

Risks

• The ROE of the company is negative and its PE ratio is 191.15 which is showing overvalued, hence investing in it can be risky.
• Its Piotroski Score is low i.e. its financial health is poor, which shows the company’s financials are weak, hence investing in it can be risky.
• The promoters of the company are reducing their shareholding, and selling of its shares has also been seen which can be risky for investment.

SW Solar Points to Consider Before Investing

1. SW Solar’s O&M revenue has grown 10 per cent year-on-year to Rs 50 crore. Stock market experts have estimated its revenue to have an overall gross margin of 10-11 percent.

2. The promoters of the company have pledged their 37.16% shareholding till March 2024. Whereas the maximum number of shares were pledged by Mr. Kainaz Khurshid Daruwala in April 2024.

3. Internationally, it has received orders worth Rs 1100 crore in three years. Most of these orders are from high margin domestic projects.

4. Based on the company’s shareholding pattern, Reliance New Energy Limited holds 32.54% stake in SW Solar as of March 31, 2024.

5. SW Solar has installed its largest single location solar photovoltaic plant of 1177 MW in Abu Dhabi.

6. The company won its first international order in 3 years with BOS package for a 221 MW DC project in Spain and its second international order with BOS package for a 45 MW DC project in Italy.

 7. According to the company’s quarterly report, its net debt has decreased. At the end of financial year 2023, the total debt on this was Rs 1,966 crore, out of which a shortfall of Rs 116 crore has been seen.

Competitors of SW Solar

• NTPC
• Power Grid Corp
• Adani Power
• Tata Power
• JSW Energy
• Adani Energy
• NHPC
• SJVN

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Conclusion

SW Solar company has growing Net Cash Flow, growing Net Profit, low debt and significant international orders which are very strong points from investment point of view. However, there are risks in its investment like – negative ROE, high PE Ratio.

Before investing in it, it would be important to consider all these aspects. Investors in the company should take decisions based on their risk tolerance and investment objectives, taking into account the financial performance and prospects of future orders. The investor should also take advice from stock market experts and also study its financial reports.

Disclaimer – Please note that we are not SEBI-registered advisors. Our post is for educational purposes only. Therefore, before investing in any share, take advice from a SEBI certified expert. If you invest, you yourself will be responsible for your profit and loss, not us.

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