Peer Group

Stock	Current Price	PE TTM Price to Earnings	Market Capitalization	Dividend yield 1yr %	Net Profit Qtr	Net Profit Annual YoY Growth %	Operating Revenue Qtr	Revenue Growth Qtr YoY %	Price to Book Value
Sterling and Wilson ..	258.90	74.22	6045.17	0.00	55.38	138.43	2519.11	113.84	6.26
Larsen & Toubro Ltd. Market Leader	3329.80	33.60	468278.83	0.84	3358.84	24.72	64667.78	17.31	5.25
GMR Airports Ltd. Market Runner Up	87.22	-333.40	92095.39	0.00	266.79	-211.99	2653.24	19.16	-54.21
Rail Vikas Nigam Ltd.	352.20	56.45	73434.41	0.60	311.44	10.82	4567.38	-2.60	8.35
NBCC (India) Ltd.	93.96	50.61	25369.20	1.01	138.48	50.58	2826.96	17.17	11.40
Kalpataru Projects I..	966.95	31.43	16512.85	0.83	141.96	15.62	5732.48	17.08	3.18
Afcons Infrastructur..	420.00	29.66	15446.95	0.00	148.85	9.46	3211.10	2.73	4.04

All values except ratios in INR(Crores)


Indicator	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023	Jun-2023	Mar-2023	Dec-2022	Sep-2022
Total Qtr Revenue cr	2,052.1	1,535.5	1,067.4	937.3	1,232.8	602.2	709.8	432.2	187.6	332.9	331.9
Operating Revenues Qtr	2,018.3	1,487.3	996.0	885.5	1,139.6	540.6	642.0	383.9	158.1	292.6	214.0
Other Income Qtr Cr	33.8	48.2	71.5	51.9	93.2	61.6	67.8	48.3	29.6	40.3	117.9
Operating Expenses Qtr	1,911.5	1,412.0	954.1	833.0	1,084.5	531.8	634.1	401.3	274.4	336.6	354.6
Operating Profit Qtr	106.8	75.3	41.8	52.4	55.1	8.8	7.9	-17.4	-116.3	-44.0	-140.6
Operating Profit Margin Qtr %	5.29%	5.06%	4.20%	5.92%	4.83%	1.64%	1.23%	-4.53%	-73.60%	-15.04%	-65.71%
Depreciation Qtr	2.4	2.4	2.4	2.5	2.7	2.7	2.5	1.6	1.4	2.1	1.4
Interest Qtr	31.0	31.3	25.2	18.8	24.1	60.9	55.2	52.1	59.3	36.6	31.0
Profit Before Tax Qtr Cr	107.3	89.8	85.7	83.0	121.5	6.8	18.0	-22.8	-147.5	-42.5	-55.1
Tax Qtr	15.1	12.3	10.7	9.4	32.6	0.5	3.1	0.0	3.2	2.5	0.2
Net Profit Qtr	92.2	77.5	75.0	73.6	88.9	6.3	14.9	-22.8	-150.7	-45.0	-55.3
Basic EPS Qtr	4.0	3.3	3.2	3.2	3.8	0.3	0.8	-1.2	-8.0	-2.4	-2.9
Net profit TTM	318.3	315.0	243.8	183.6	87.2	-152.3	-203.6	-273.8	-355.0	-262.4	-249.7
Basic EPS TTM	13.6	13.5	10.4	7.9	3.7	-6.5	-10.7	-14.4	-18.7	-13.8	-13.2

Quarterly Oper Rev Qtr Analysis

Operating Revenues Qtr growth is stable compared to historical averages.

Quarterly Net Profit Qtr Analysis

Net Profit Qtr growth is stable compared to historical averages.


Indicator	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023	Jun-2023	Mar-2023	Dec-2022	Sep-2022
Total Qtr Revenue cr	2,506.4	1,842.7	1,064.5	927.9	1,211.4	610.3	776.7	522.4	86.4	417.6	410.8
Operating Revenues Qtr	2,519.1	1,837.2	1,030.5	915.1	1,178.0	582.9	759.5	515.0	88.4	407.0	312.7
Other Income Qtr Cr	-12.7	5.5	34.0	12.8	33.4	27.4	17.2	7.4	-2.1	10.7	98.1
Operating Expenses Qtr	2,385.5	1,766.9	1,012.3	890.4	1,148.7	599.1	758.0	552.2	440.6	470.8	682.9
Operating Profit Qtr	133.6	70.3	18.1	24.7	29.4	-16.2	1.5	-37.2	-352.1	-63.8	-370.2
Operating Profit Margin Qtr %	5.30%	3.83%	1.76%	2.70%	2.49%	-2.78%	0.19%	-7.23%	-398.19%	-15.68%	-118.39%
Depreciation Qtr	3.1	3.4	3.8	4.0	4.5	4.5	4.3	3.4	3.8	4.1	3.3
Interest Qtr	31.1	31.3	28.2	18.8	24.5	67.5	64.3	62.1	59.5	37.9	32.8
Profit Before Tax Qtr Cr	86.7	41.1	20.1	14.7	33.7	-60.8	-50.0	-95.3	-417.5	-95.1	-308.2
Tax Qtr	31.7	23.9	11.5	9.8	32.3	1.6	4.6	-0.0	3.6	4.0	-9.5
Net Profit Qtr	55.4	14.8	7.0	4.2	1.4	-63.7	-54.2	-95.5	-417.4	-101.2	-296.9
Basic EPS Qtr	2.4	0.6	0.3	0.2	0.1	-3.3	-2.9	-5.0	-22.0	-5.3	-15.7
Net profit TTM	81.5	27.5	-51.0	-112.3	-211.9	-630.8	-668.4	-911.1	-1,169.5	-878.4	-1,199.6
Basic EPS TTM	3.5	1.2	-2.2	-4.8	-9.1	-27.1	-35.2	-48.0	-61.7	-46.3	-63.2

Quarterly Oper Rev Qtr Analysis

Operating Revenues Qtr growth is stable compared to historical averages.

Quarterly Net Profit Qtr Analysis

Net Profit Qtr growth is higher than historical averages.

Annual Results

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	TTM	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Total Revenue Annual	5,592.4	5,592.4	2,977.1	1,672.2	3,561.9	3,330.1	4,900.3	8,365.8	6,151.2
Operating Revenues Annual Cr	5,387.0	5,387.0	2,706.2	1,457.9	3,459.6	3,176.2	4,535.1	8,210.4	6,126.0
Other Income Annual Cr	205.3	205.3	270.9	214.3	102.3	153.9	365.2	155.5	25.2
Operating Expenses Annual Cr	5,110.7	5,110.7	2,651.8	1,871.3	3,684.1	3,397.0	4,323.4	8,002.4	5,935.8
Operating Profit Annual	276.3	276.3	54.4	-413.4	-224.5	-220.8	211.7	208.0	190.2
Operating Profit Margin Annual %		4.94%	1.83%	-24.72%	-6.30%	-6.63%	4.32%	2.49%	3.09%
Total Expenses Annual Cr		5,226.6	2,853.6	2,019.1	3,767.3	3,472.8	4,475.9	8,061.8	5,948.8
Other Expenses Annual Cr	4,075.1	4,974.2	73.9	137.2	207.1	194.6	136.2	138.0	106.9
Employee Expenses Annual Cr	136.5	136.5	135.1	144.1	124.8	122.3	138.4	141.3	106.2
Cost Of Power Purchased Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cost Of Fuel Annual Cr		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA Annual Cr		481.7	325.3	-199.2	-122.2	-66.9	576.9	363.4	215.3
EBITDA Annual margin %		8.61%	10.93%	-11.91%	-3.43%	-2.01%	11.77%	4.34%	3.50%
Other Income Annual Cr	205.3	205.3	270.9	214.3	102.3	153.9	365.2	155.5	25.2
Interest Annual	106.2	106.2	192.4	141.1	75.3	67.6	146.2	56.2	10.6
Depreciation	9.7	9.7	9.5	6.7	7.9	8.2	6.3	3.2	2.4
Profit Before Tax Annual Cr	365.7	365.7	123.5	-347.0	-205.4	-142.7	424.4	304.1	202.3
Tax Annual	47.5	47.5	36.2	8.1	-37.9	-31.2	113.0	107.9	70.4
PAT Before ExtraOrdinary Items Annual Cr		318.3	87.2	-355.0	-167.5	-111.4	311.4	196.1	132.0
Minority Interest Income Annual Cr
Net Profit Annual	318.3	318.3	87.2	-355.0	-167.5	-111.4	311.4	196.1	132.0
Net Profit Margin Annual %		5.90%	3.22%	-24.35%	-4.84%	-3.50%	6.86%	2.38%	2.15%
Basic EPS Annual		13.6	4.3	-18.7	-10.0	-7.0	19.4	12.2	8.8

Annual Total Revenue Annual Analysis

Total Revenue Annual growth is higher than historical averages.

1 Year:: 5,592.38 Cr
3 Years:: 3,413.87 Cr
5 Years:: 3,426.73 Cr
7 Years:: 4,342.83 Cr

Annual Net Profit Annual Analysis

Net Profit Annual growth is higher than historical averages.

1 Year:: 318.26 Cr
3 Years:: 16.83 Cr
5 Years:: -45.69 Cr
7 Years:: 39.87 Cr

Annual ROE Annual % Analysis

ROE Annual % is growing faster than historical averages.

1 Year:: 10.58 %
3 Years:: -5.51 %
5 Years:: -9.89 %
7 Years:: 6.05 %


Indicator	TTM	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Total Revenue Annual	6,341.5	6,341.5	3,120.8	2,125.9	5,293.6	5,239.3	5,878.8	8,449.9	6,884.4
Operating Revenues Annual Cr	6,301.9	6,301.9	3,035.4	2,015.0	5,198.9	5,080.8	5,575.3	8,240.4	6,871.7
Other Income Annual Cr	39.6	39.6	85.4	110.9	94.7	158.5	303.5	209.5	12.7
Operating Expenses Annual Cr	6,055.1	6,055.1	3,057.9	3,145.0	6,112.4	5,469.7	5,271.1	7,598.3	6,334.0
Operating Profit Annual	246.7	246.7	-22.6	-1,130.0	-913.5	-388.9	304.2	642.1	537.8
Operating Profit Margin Annual %		3.89%	-0.72%	-53.15%	-17.26%	-7.42%	5.17%	7.60%	7.81%
Total Expenses Annual Cr		6,178.9	3,293.1	3,304.6	6,203.8	5,579.3	5,480.3	7,690.8	6,355.7
Other Expenses Annual Cr	4,928.1	5,855.0	125.1	136.7	229.6	263.8	170.6	165.0	116.4
Employee Expenses Annual Cr	200.1	200.1	211.3	247.8	227.9	208.5	240.3	284.2	160.4
Cost Of Power Purchased Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cost Of Fuel Annual Cr		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA Annual Cr		286.3	62.9	-1,019.1	-818.8	-230.4	607.7	851.6	550.5
EBITDA Annual margin %		4.52%	2.01%	-47.94%	-15.47%	-4.40%	10.34%	10.08%	8.00%
Other Income Annual Cr	39.6	39.6	85.4	110.9	94.7	158.5	303.5	209.5	12.7
Interest Annual	109.5	109.5	218.5	144.9	76.7	93.1	194.9	84.7	18.6
Depreciation	14.3	14.3	16.6	14.7	14.7	16.5	14.2	7.8	3.2
Profit Before Tax Annual Cr	162.5	162.5	-172.3	-1,178.7	-910.2	-340.0	398.5	759.2	528.7
Tax Annual	77.0	77.0	38.5	-3.8	5.6	-50.0	94.2	120.9	78.1
PAT Before ExtraOrdinary Items Annual Cr		85.5	-210.8	-1,175.0	-915.8	-290.0	304.3	638.2	450.5
Minority Interest Income Annual Cr	-4.1	-4.1	-1.1	5.4	6.3	4.7	5.8	0.8	1.6
Net Profit Annual	81.5	81.5	-211.9	-1,169.5	-909.5	-285.4	310.1	639.0	452.2
Net Profit Margin Annual %		1.35%	-6.94%	-58.31%	-17.61%	-5.70%	5.45%	7.74%	6.55%
Basic EPS Annual		3.5	-10.4	-61.6	-54.2	-17.8	19.3	39.9	30.0

Annual Total Revenue Annual Analysis

Total Revenue Annual growth is higher than historical averages.

1 Year:: 6,341.46 Cr
3 Years:: 3,862.71 Cr
5 Years:: 4,424.21 Cr
7 Years:: 5,207.11 Cr

Annual Net Profit Annual Analysis

Net Profit Annual growth is stable compared to historical averages.

1 Year:: 81.45 Cr
3 Years:: -433.34 Cr
5 Years:: -498.97 Cr
7 Years:: -220.83 Cr

Annual ROE Annual % Analysis

ROE Annual % is stable compared to historical averages.

1 Year:: 8.08 %
3 Years:: -4.59 %
5 Years:: -31.22 %
7 Years:: -7.35 %

Financial Ratios

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Book Value Per Share Annual	128.8	114.9	61.6	79.1	31.9	41.2	27.4	146.6
RoA Annual %	4.54%	1.53%	-8.75%	-4.21%	-2.95%	8.03%	4.28%	3.43%
ROE Annual %	10.58%	3.25%	-30.37%	-11.15%	-21.76%	47.10%	44.67%	56.15%
ROCE Annual %	13.03%	10.62%	-10.87%	-8.51%	-13.93%	84.31%	80.92%	88.54%
Profitability Ratio
EBDIT Annual Margin %	8.94%	12.02%	-13.66%	-3.53%	-2.10%	12.72%	4.42%	3.51%
EBIT Annual Margin %	8.76%	11.67%	-14.12%	-3.75%	-2.36%	12.58%	4.38%	3.47%
PBT Annual Margin %	6.78%	4.56%	-23.79%	-5.93%	-4.49%	9.35%	3.70%	3.30%
Net Profit Margin Annual %	5.90%	3.22%	-24.35%	-4.84%	-3.50%	6.86%	2.38%	2.15%
Asset Turnover Ratio Annual	0.8	0.6	0.4	0.9	0.8	1.1	1.9
Liquidity Ratio
Current Ratio Annual	1.2	1.3	1.6	1.4	1.0	1.2	1.1	1.1
Quick Ratio Annual	1.2	1.3	1.6	1.4	1.0	1.2	1.1	1.1
Annual Dividend Payout NP	0.0	0.0	-0.0	-0.0	-0.0	0.4	0.0
Annual Dividend Payout CP	0.0	0.0	-0.0	-0.0	-0.0	0.4	0.0
Earning Retention Annual %		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash Earning Retention Annual %		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Valuation Ratio
EnterpriseValue Annual Cr	6,282.4	12,407.5	7,323.5	5,993.9	4,349.1	1,641.1	0.0	0.0
EV Per Net Sales Annual	1.2	4.6	5.0	1.7	1.4	0.4
Price To Book Value Annual	1.9	4.6	4.7	4.0	8.1	1.9
EV Per EBITDA Annual	13.0	38.1	-36.8	-49.1	-65.0	2.8
Market Cap Per Sales Annual	1.1	4.5	3.8	1.7	1.3	0.3
Retention Ratio Annual %		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield Annual	0.1	0.0	-0.1	-0.0	-0.0	0.3	0.0	0.0
Cash Earning Retention Annual %		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Debt to Total Equity Annual	0.3	0.2	1.6	0.2	0.8	0.9	2.7	0.3

Annual Book Value Per Share Annual Analysis

Book Value Per Share Annual growth is stable compared to historical averages.

1 Year:: 128.76 Rs
3 Years:: 101.78 Rs
5 Years:: 83.28 Rs
7 Years:: 69.29 Rs

Annual RoA Annual % Analysis

RoA Annual % is stable compared to historical averages.

1 Year:: 4.54 %
3 Years:: -0.89 %
5 Years:: -1.97 %
7 Years:: 0.35 %


Indicator	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Book Value Per Share Annual	43.1	41.6	-12.7	47.8	41.0	66.9	52.2	120.9
RoA Annual %	1.44%	-4.92%	-36.65%	-25.98%	-7.69%	6.15%	11.85%	9.18%
ROE Annual %	8.08%	-21.86%	0.00%	-99.20%	-43.11%	28.68%	75.97%	230.00%
ROCE Annual %	17.09%	3.68%	-210.97%	-88.73%	-35.63%	54.29%	99.72%	274.39%
Profitability Ratio
EBDIT Annual Margin %	4.54%	2.07%	-50.57%	-15.74%	-4.53%	10.89%	10.33%	8.01%
EBIT Annual Margin %	4.31%	1.52%	-51.30%	-16.03%	-4.86%	10.64%	10.24%	7.96%
PBT Annual Margin %	2.57%	-5.67%	-58.49%	-17.50%	-6.69%	7.14%	9.21%	7.69%
Net Profit Margin Annual %	1.35%	-6.94%	-58.31%	-17.61%	-5.70%	5.45%	7.74%	6.55%
Asset Turnover Ratio Annual	1.3	0.8	0.4	0.9	0.7	1.0	1.7
Liquidity Ratio
Current Ratio Annual	1.3	1.4	1.1	1.3	1.2	1.3	1.2	1.0
Quick Ratio Annual	1.3	1.4	1.1	1.3	1.2	1.3	1.2	1.0
Annual Dividend Payout NP	0.0	-0.0	-0.0	-0.0	-0.0	0.5	0.0
Annual Dividend Payout CP	0.0	-0.0	-0.0	-0.0	-0.0	0.5	0.0
Earning Retention Annual %		0.00%	0.00%	0.00%	0.00%	68.99%	0.00%	0.00%
Cash Earning Retention Annual %		0.00%	0.00%	0.00%	0.00%	70.35%	0.00%	0.00%
Valuation Ratio
EnterpriseValue Annual Cr	6,027.2	12,339.5	7,446.6	5,941.2	4,305.2	1,949.8	0.0	0.0
EV Per Net Sales Annual	1.0	4.1	3.7	1.1	0.8	0.3
Price To Book Value Annual	5.8	12.6	-24.6	6.6	6.2	1.1
EV Per EBITDA Annual	21.0	196.3	-7.3	-7.3	-18.7	3.2
Market Cap Per Sales Annual	0.9	4.0	2.8	1.2	0.8	0.2
Retention Ratio Annual %		0.00%	0.00%	0.00%	0.00%	68.98%	0.00%	0.00%
Earnings Yield Annual	0.0	-0.0	-0.2	-0.2	-0.1	0.3	0.0	0.0
Cash Earning Retention Annual %		0.00%	0.00%	0.00%	0.00%	70.35%	0.00%	0.00%
Total Debt to Total Equity Annual	0.9	0.5	-9.0	0.5	0.7	1.1	2.6	0.9

Annual Book Value Per Share Annual Analysis

Book Value Per Share Annual growth is higher than historical averages.

1 Year:: 43.13 Rs
3 Years:: 24.01 Rs
5 Years:: 32.16 Rs
7 Years:: 39.98 Rs

Annual RoA Annual % Analysis

RoA Annual % is stable compared to historical averages.

1 Year:: 1.44 %
3 Years:: -13.38 %
5 Years:: -14.76 %
7 Years:: -7.97 %

Balance Sheet

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Total ShareHolders Funds Annual	3,006.7	2,680.6	1,169.0	1,501.2	512.0	661.2	439.0	235.0
Equity Share Capital Annual Cr	23.4	23.3	19.0	19.0	16.0	16.0	16.0	16.0
Total Share Capital Annual Cr	23.4	23.3	19.0	19.0	16.0	16.0	16.0	16.0
Reserves Plus Surplus Annual Cr	2,983.3	2,656.6	1,143.0	1,478.5	495.9	645.2	423.0	219.0
Total Reserves Plus Surplus Annual Cr	2,983.3	2,656.6	1,143.0	1,478.5	495.9	645.2	423.0	219.0
Minority Interest Liability Annual Cr
Total Non Current Liabilities Annual Cr	614.1	291.4	724.1	26.1	26.6	15.5	6.2	5.5
Deferred Tax Liabilities Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other LongTerm Liabilities Annual Cr	49.7	28.7	10.1	5.6	6.1	6.5	0.0	0.0
Total Current Liabilities Annual Cr	3,380.0	2,715.1	2,163.8	2,445.4	3,237.7	3,198.1	4,130.0	3,606.3
Trade Payables Annual Cr	2,200.3	1,232.3	328.9	1,443.4	2,379.8	2,306.1	2,626.0	2,901.9
Other Current Liabilities Annual Cr	796.3	1,216.7	666.9	493.3	379.0	224.5	276.7	628.8
Short Term Provisions Annual Cr	5.7	35.8	27.9	155.5	93.2	67.4	52.7	9.0
Total Capital Plus Liabilities Annual Cr	7,000.8	5,687.1	4,057.0	3,972.8	3,776.3	3,874.8	4,575.2	3,846.8
Fixed Assets Annual	39.1	46.8	33.3	28.1	33.8	30.9	12.2	10.5
Tangible Assets Annual Cr	35.3	42.2	27.7	21.3	25.7	26.4	11.1	9.4
Intangible Assets Annual Cr	3.8	4.6	5.5	6.6	7.8	1.8	1.1	1.0
Capital Work In Progress Annual Cr	0.0	0.0	0.0	0.0	0.0	2.4	0.0	0.1
Total Non Current Assets Annual	2,794.1	2,053.2	579.3	553.9	530.3	66.8	49.4	24.5
Non Current Investments Annual Cr	804.3	371.2	371.2	371.2	371.2	3.7	5.5	3.5
Deferred Tax Assets Annual Cr	22.9	68.4	100.6	105.7	80.9	26.9	29.8	9.1
Long Term Loans Plus Advances Annual Cr	1,521.4	1,507.4	0.0	0.0	0.8	1.4	1.2	0.0
Other Non Current Assets Annual Cr	406.5	59.5	74.3	48.8	43.6	3.8	0.7	1.3
Total Current Assets Annual	4,206.6	3,633.9	3,477.6	3,418.8	3,246.0	3,808.0	4,525.8	3,822.3
Current Investments Annual Cr	0.0	0.0	0.0	0.0	0.0	0.5	0.2	0.2
Trade Receivables Annual Cr	1,098.8	650.0	546.1	589.8	770.0	1,539.8	1,725.4	2,206.4
Cash Plus Cash Equivalents Annual Cr	468.2	285.3	58.7	380.4	168.5	192.2	314.8	39.7
Short Term Loans Plus Advances Annual Cr	181.9	499.6	1,262.1	154.0	560.2	949.2	1,581.7	304.8
Other Current Assets Annual Cr	2,455.1	2,197.8	1,609.1	2,290.8	1,744.2	1,111.9	891.7	1,252.6
Total Assets Annual	7,000.8	5,687.1	4,057.0	3,972.8	3,776.3	3,874.8	4,575.2	3,846.8
Contingent Liabilities plus Commitments Annual Cr		684.6	2,593.2	2,382.3	1,297.1	1,142.5	0.0	0.0
Bonus Equity Share Capital Annual Cr		0.0	0.0	0.0	0.0	0.0	0.0	0.0
Non Current Investments Unquoted BookValue Annual Cr		371.2	371.2	371.2	371.2	3.7	5.5	3.5
Current Investments Unquoted BookValue Annual Cr		0.0	0.0	0.0	0.0	0.5	0.2	0.2

Annual Long Term Debt To Equity Annual Analysis

1 Year:: 0.17
3 Years:: 0.29
5 Years:: 0.17
7 Years:: 0.12

Annual Total Assets Annual Analysis

Total Assets Annual growth is higher than historical averages.

1 Year:: 7,000.78 Cr
3 Years:: 5,581.62 Cr
5 Years:: 4,898.78 Cr
7 Years:: 4,706.28 Cr


Indicator	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Total ShareHolders Funds Annual	1,007.1	969.2	-225.1	916.8	661.9	1,081.0	841.0	196.6
Equity Share Capital Annual Cr	23.4	23.3	19.0	19.0	16.0	16.0	16.0	16.0
Total Share Capital Annual Cr	23.4	23.3	19.0	19.0	16.0	16.0	16.0	16.0
Reserves Plus Surplus Annual Cr	983.7	945.9	-251.1	894.1	645.8	1,064.9	825.0	180.6
Total Reserves Plus Surplus Annual Cr	983.7	945.9	-251.1	894.1	645.8	1,064.9	825.0	180.6
Minority Interest Liability Annual Cr	-12.5	-14.2	-15.2	-10.9	-4.1	-8.4	-3.5	-2.7
Total Non Current Liabilities Annual Cr	596.6	300.0	730.3	33.4	35.2	20.4	8.6	5.6
Deferred Tax Liabilities Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other LongTerm Liabilities Annual Cr	27.2	31.4	11.1	8.0	9.1	6.8	0.0	0.0
Total Current Liabilities Annual Cr	4,038.8	3,045.5	2,700.3	2,560.8	3,016.4	3,941.5	4,545.8	4,720.9
Trade Payables Annual Cr	2,750.0	1,507.8	650.0	1,402.9	1,856.7	2,221.1	1,912.5	3,739.8
Other Current Liabilities Annual Cr	896.4	1,257.3	661.1	511.0	538.4	382.6	328.6	741.8
Short Term Provisions Annual Cr	14.7	49.9	74.4	211.8	152.9	113.7	76.8	55.2
Total Capital Plus Liabilities Annual Cr	5,630.0	4,300.5	3,190.4	3,500.0	3,709.4	5,034.5	5,391.9	4,920.4
Fixed Assets Annual	45.9	56.2	44.3	42.6	46.7	45.7	28.4	24.1
Tangible Assets Annual Cr	42.0	51.4	38.4	35.2	38.0	39.7	26.5	20.2
Intangible Assets Annual Cr	3.9	4.8	5.9	7.0	8.4	2.4	1.8	1.0
Capital Work In Progress Annual Cr	0.0	0.0	0.1	0.1	0.1	3.3	0.0	2.9
Total Non Current Assets Annual	451.0	179.6	216.7	192.9	224.3	90.8	67.2	41.6
Non Current Investments Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Tax Assets Annual Cr	24.6	63.9	98.1	100.9	120.6	36.4	32.1	11.0
Long Term Loans Plus Advances Annual Cr	0.0	0.0	0.0	0.0	0.8	1.4	1.2	0.0
Other Non Current Assets Annual Cr	380.5	59.5	74.3	49.5	56.2	4.0	2.4	6.4
Total Current Assets Annual	5,179.0	4,120.9	2,973.7	3,307.1	3,485.1	4,943.6	5,324.7	4,878.8
Current Investments Annual Cr	0.0	0.0	0.0	0.0	0.0	0.5	0.2	0.2
Trade Receivables Annual Cr	1,254.0	831.7	790.2	784.0	848.9	2,030.3	1,900.2	1,821.5
Cash Plus Cash Equivalents Annual Cr	710.9	339.2	95.2	504.0	290.9	499.4	454.5	104.1
Short Term Loans Plus Advances Annual Cr	1.8	2.1	2.2	1.1	904.6	1,185.3	1,953.4	9.4
Other Current Assets Annual Cr	3,209.6	2,946.8	2,084.5	2,014.0	1,437.6	1,213.7	1,003.2	2,925.1
Total Assets Annual	5,630.0	4,300.5	3,190.4	3,500.0	3,709.4	5,034.5	5,391.9	4,920.4
Contingent Liabilities plus Commitments Annual Cr		1,054.9	137.6	1,194.8	473.9	336.3	0.0	0.0
Bonus Equity Share Capital Annual Cr		0.0	0.0	0.0	0.0	0.0	0.0	0.0
Non Current Investments Unquoted BookValue Annual Cr		0.0	0.0	0.0	0.0	0.0	0.0	0.0
Current Investments Unquoted BookValue Annual Cr		0.0	0.0	0.0	0.0	0.5	0.2	0.2

Annual Long Term Debt To Equity Annual Analysis

1 Year:: 0.52
3 Years:: -0.78
5 Years:: -0.47
7 Years:: -0.33

Annual Total Assets Annual Analysis

Total Assets Annual growth is higher than historical averages.

1 Year:: 5,630.02 Cr
3 Years:: 4,373.63 Cr
5 Years:: 4,066.05 Cr
7 Years:: 4,393.81 Cr

Cash flow

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Cash from Operating Activity Annual	-17.6	1,027.1	-579.7	-1,260.6	-9.6	-271.7	149.1	347.3
Profit Before Tax Annual Cr	365.7	123.5	-347.0	-205.4	-142.7	424.4	304.1	202.3
Interest Annual	106.2	192.4	141.1	75.3	67.6	146.2	56.2	10.6
Tax Annual	47.5	36.2	8.1	-37.9	-31.2	113.0	107.9	70.4
Cash from Investing Activity Annual	-188.0	-702.3	-1,088.0	500.3	225.5	961.9	-934.5	-50.9
Cash from Financing Annual Activity	319.8	-85.2	1,346.0	982.2	-275.0	-818.3	1,055.8	-257.2
Net Cash Flow Annual	114.1	239.5	-321.6	221.9	-59.1	-128.1	270.5	39.2
Cash Plus Cash Equivalent Begin Of Year Annual Cr	262.9	23.3	344.9	122.7	182.1	309.9	39.4	0.2
Cash Plus Cash Equivalent End Of Year Annual Cr	380.7	262.9	23.3	344.9	122.7	181.7	309.9	39.4

Annual Cash from Operating Activity Annual Analysis

Cash from Operating Activity Annual growth is higher than historical averages.

1 Year:: -17.64 Cr
3 Years:: 143.24 Cr
5 Years:: -168.09 Cr
7 Years:: -137.58 Cr

Annual Net Cash Flow Annual Analysis

Net Cash Flow Annual is falling faster than historical averages.

1 Year:: 114.13 Cr
3 Years:: 10.67 Cr
5 Years:: 38.97 Cr
7 Years:: 48.17 Cr


Indicator	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Cash from Operating Activity Annual	37.9	538.4	-1,829.2	-1,689.8	201.0	337.7	-723.3	251.1
Profit Before Tax Annual Cr	162.5	-172.3	-1,178.7	-910.2	-340.0	398.5	759.2	528.7
Interest Annual	109.5	218.5	144.9	76.7	93.1	194.9	84.7	18.6
Tax Annual	77.0	38.5	-3.8	5.6	-50.0	94.2	120.9	78.1
Cash from Investing Activity Annual	-75.0	-4.7	-11.8	949.0	409.2	1,013.5	-928.8	-18.7
Cash from Financing Annual Activity	317.0	-286.0	1,431.3	978.1	-853.2	-1,313.3	1,972.2	-141.0
Net Cash Flow Annual	279.9	247.7	-409.7	237.4	-243.1	37.9	320.0	91.3
Cash Plus Cash Equivalent Begin Of Year Annual Cr	295.6	47.9	457.5	219.8	463.3	420.8	95.5	0.0
Cash Plus Cash Equivalent End Of Year Annual Cr	575.5	295.6	47.9	457.5	219.8	463.3	420.8	95.5

Annual Cash from Operating Activity Annual Analysis

Cash from Operating Activity Annual is falling faster than historical averages.

1 Year:: 37.88 Cr
3 Years:: -417.64 Cr
5 Years:: -548.34 Cr
7 Years:: -446.76 Cr

Annual Net Cash Flow Annual Analysis

Net Cash Flow Annual growth is stable compared to historical averages.

1 Year:: 279.91 Cr
3 Years:: 39.3 Cr
5 Years:: 22.45 Cr
7 Years:: 67.18 Cr

Sterling and Wilson Renewable Energy Ltd.

Analyst Rating

No. of upgrades

0

No. of downgrades

0

PEG TTM PE to Growth

0.54

Price to Book Value

6.26

Oper Rev Qtr c

2,519.11 Cr

Net Profit Qtr c

55.38 Cr

RSI

42.90

MFI

72.10

MACD

6.30

MACD signal

8.50

SMA 30

267.67

SMA 50

262.65

SMA 100

337.58

SMA 200

479.33

Promoter holding %

45.73

FII holding %

8.43

MF holding %

4.12

Institutional holding %

15.93

Peer Group

Quarterly Results

Quarterly Oper Rev Qtr Analysis

Quarterly Net Profit Qtr Analysis

Quarterly Oper Rev Qtr Analysis

Quarterly Net Profit Qtr Analysis

Annual Results

Annual Total Revenue Annual Analysis

Average Total Revenue Annual

Annual Net Profit Annual Analysis

Average Net Profit Annual

Annual ROE Annual % Analysis

Average ROE Annual %

Annual Total Revenue Annual Analysis

Average Total Revenue Annual

Annual Net Profit Annual Analysis

Average Net Profit Annual

Annual ROE Annual % Analysis

Average ROE Annual %

Financial Ratios

Annual Book Value Per Share Annual Analysis

Average Book Value Per Share Annual

Annual RoA Annual % Analysis

Average RoA Annual %

Annual Book Value Per Share Annual Analysis

Average Book Value Per Share Annual

Annual RoA Annual % Analysis

Average RoA Annual %

Balance Sheet

Annual Long Term Debt To Equity Annual Analysis

Average Long Term Debt To Equity Annual

Annual Total Assets Annual Analysis

Average Total Assets Annual

Annual Long Term Debt To Equity Annual Analysis

Average Long Term Debt To Equity Annual

Annual Total Assets Annual Analysis

Average Total Assets Annual

Cash flow

Annual Cash from Operating Activity Annual Analysis

Average Cash from Operating Activity Annual

Annual Net Cash Flow Annual Analysis

Average Net Cash Flow Annual