Sterling and Wilson Renewable Energy cash flow

Latest FY26

Cash from operations: −₹257cr₹40.3 cr in FY25
Capital spending: ₹11.2cr+157.9% on FY25
Free cash flow: −₹269cr₹35.9 cr in FY25
Cash from financing: ₹103cr−67.6% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	11.6	14.6	16.8	14.7
	—	−48.2	−48.6	0.0	0.0
	—	154	109	200	145
	—	0.0	0.0	9.2	−4.4
	—	0.7	−1.0	1.0	0.0
	—	−17.3	−26.4	−6.5	−32.7
	—	686	0.4	0.0	−1.1
	—	0.5	−1.5	0.4	2.3
	—	−562	−437	−42.2	34.7
	—	−262	−30.1	6.1	−490
	—	0.0	0.0	−11.7	0.0
	—	474	−481	−860	433
	—	0.0	0.0	−2.9	0.0
	—	0.1	0.0	2.6	0.0
	—	−335	856	1,482	−688
	—	−14.5	−10.8	0.0	0.0
	—	0.0	0.0	−23.7	0.0
	—	0.0	0.0	3.4	0.0
	—	0.0	−0.3	−28.4	0.0
	—	1.0	−1.4	0.0	−41.7
Cash from operating activities
	232	−270	163	−172	−1,179
	—	89.2	−57.4	746	−628
	—	−181	105	574	−1,807
	—	−25.0	10.1	0.0	0.0
	—	−0.6	0.0	0.0	0.0
	—	50.6	75.0	−28.1	22.1
	—	−257	40.3	602	−1,829
Cash from investing activities
	—	11.2	4.4	1.0	9.2
	—	0.3	0.0	0.4	0.1
	—	0.0	0.0	13.0	0.0
	—	0.3	−0.8	0.0	0.0
	—	0.0	0.0	0.0	0.0
	—	15.5	9.5	7.7	4.4
	—	−112	−81.6	1.2	−7.0
	—	−107	−77.3	−4.7	−11.8
Cash from financing activities
	—	0.9	7.0	1,475	0.0
	—	600	665	895	1,584
	—	358	240	2,433	4.3
	—	8.1	9.0	6.9	5.2
	—	0.0	0.0	216	143
	—	−132	−106	0.0	0.0
	—	103	317	−286	1,431
	—	−261	280	311	−410
	—	0.0	−0.1	−63.5	0.1
	—	−261	280	248	−410
	—	314	—	296	47.9
Reference items
	348	302	247	−22.6	−1,130
	4.9%	4.0%	3.9%	−0.7%	−56.1%
	−269	−269	35.9	601	−1,838
	—	—	—	−1,168	—
	−₹11.50	−₹11.50	₹1.54	₹25.73	−₹78.73
	—	0.87×	0.47×	−2.86×	1.56×
	—	50.6	75.0	−28.1	22.1
	—	—	—	216	143

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

SWSOLAR₹144.13

Sterling and Wilson Renewable Energy Ltd.

· Infrastructure

₹ CrorePeersWELENT POWERMECH PNCINFRA KNRCON HGINFRA HCC DBL ASHOKAMcap ₹3,365 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	14.7	16.8	14.6	11.6	—
+ Impairment Loss / (Reversal)	0.0	0.0	-48.6	-48.2	—
+ Finance Costs	144.9	200.1	109.5	153.8	—
+ Interest Income	-4.4	9.2	0.0	0.0	—
+ Share-based Payments	0.0	1.0	-1.0	0.7	—
+ Unrealised FX (Gain) / Loss	-32.7	-6.5	-26.4	-17.3	—
+ Other Non-cash Items	-1.1	0.0	0.4	686.0	—
Changes in Working Capital
+ Inventories	2.3	0.4	-1.5	0.5	—
+ Trade Receivables — Current	34.7	-42.2	-436.6	-561.5	—
+ Other Financial Assets — Current	-489.7	6.1	-30.1	-261.7	—
+ Other Financial Assets — Non-current	0.0	-11.7	0.0	0.0	—
+ Other Current Assets	432.6	-860.2	-480.8	473.5	—
+ Other Non-current Assets	0.0	-2.9	0.0	0.0	—
+ Other Bank Balances	0.0	2.6	0.0	0.1	—
+ Trade Payables — Current	-687.9	1,482.0	855.7	-334.7	—
+ Other Financial Liabilities — Non-current	0.0	0.0	-10.8	-14.5	—
+ Other Current Liabilities	0.0	-23.7	0.0	0.0	—
+ Other Non-current Liabilities	0.0	3.4	0.0	0.0	—
+ Provisions — Current	0.0	-28.4	-0.3	0.0	—
+ Provisions — Non-current	-41.7	0.0	-1.4	1.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	-1,178.7	-172.3	162.5	-270.2	232.0
+ Total Adjustments (incl. Working Capital)	-628.3	746.1	-57.4	89.2	—
Cash from Operations (pre-tax)	-1,807.1	573.8	105.1	-181.1	—
+ Interest Received — Operating	0.0	0.0	10.1	-25.0	—
+ Other Inflows / (Outflows) — Operating	0.0	0.0	0.0	-0.6	—
+ Income Taxes Paid	22.1	-28.1	75.0	50.6	—
Cash from Operating Activities	-1,829.2	601.8	40.3	-257.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	9.2	1.0	4.4	11.2	—
+ Disp of Fixed Assets	0.1	0.4	0.0	0.3	—
+ Acq of Investment Property	0.0	13.0	0.0	0.0	—
+ Disp of Investment Property	0.0	0.0	-0.8	0.3	—
+ Purchase of Investments (Equity / Debt)	0.0	0.0	0.0	0.0	—
+ Interest Received — Investing	4.4	7.7	9.5	15.5	—
+ Other Inflows / (Outflows) — Investing	-7.0	1.2	-81.6	-111.5	—
Cash from Investing Activities	-11.8	-4.7	-77.3	-106.7	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	1,474.7	7.0	0.9	—
+ Proceeds from Borrowings	1,584.2	895.0	665.3	600.0	—
+ Repayment of Borrowings	4.3	2,433.3	240.4	358.4	—
+ Payment of Lease Liabilities	5.2	6.9	9.0	8.1	—
+ Interest Paid	143.4	215.5	0.0	0.0	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	-105.8	-131.6	—
Cash from Financing Activities	1,431.3	-286.0	317.0	102.7	—
Net Changes in Cash (pre-FX)	-409.7	311.2	279.9	-261.4	—
+ Effect of FX Rate Changes on Cash	0.1	-63.5	-0.1	0.0	—
Net Changes in Cash	-409.6	247.7	279.8	-261.4	—
Closing Cash	47.9	295.6	—	314.1	—
Reference Items
EBITDA	-1,130.0	-22.6	246.7	302.1	347.5
EBITDA Margin %	-56.08	-0.74	3.92	4.00	4.86
Free Cash Flow (CFO − Capex)	-1,838.5	600.8	35.9	-268.6	-268.6
Free Cash Flow to Equity	—	-1,167.6	—	—	—
Free Cash Flow per Basic Share	-78.73	25.73	1.54	-11.50	-11.50
Cash Flow to Net Income	1.56	-2.86	0.47	0.87	—
Cash Paid for Taxes	22.1	-28.1	75.0	50.6	—
Cash Paid for Interest	143.4	215.5	—	—	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.