Sterling & Wilson Solar Ltd. - Will the Sun Keep Shining?

Worth reading and listening to all the information this company has shared in the past 3-4 months.

It’s a turnaround which if executed well then we’re looking at a massive runway ahead.

Undervalued with a good RR.

Early adopters can consider it, rest can wait for some momentum.

Q4 results & commentary will set the tone, and pace.

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So how do we see this impacting SW SOLAR?

Hmm ……

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None in my view. This is a totally different business under S&W group

Would this impact SW

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Anyone have further information on the much anticipated ‘turnaround’ ?

Basis scuttlebutt - legitimate & well respected PMS players have been adding for their clients across the past 2-3 weeks and positions have been made.

Would appreciate any information from those closely tracking.

Invested & sized at 50% for now.

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Their khavda project is facing major cost pressures…next few quarters to be muted

What is this news of Khavda cost pressure based on? Can you share any articles/links. My understanding was that post COVID they have changed their business model to where the client is responsible for payment of RM and they do not carry any risk of materials.

Additionally, since they will become almost debt free, thats close to 200 Crs that will get added to bottom line in addition to top and bottom line improvements from new projects. So what is the basis for saying muted growth for next few quarters?

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Can you eloborate more on this or share the news where did you pick this up from . I understand the NTPC project includes the module as well and for this they need not have to source in india as ALMM Is in effect from April and prices are only dropping in internatinal market.

Going by Waaree concall just 25% to 30% of their order book includes module supply in their scope.

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Rating Upgrade

please note that Acuité Ratings and
Research Limited (“Acuité”) has upgraded its short-term rating to ‘ACUITE A4+’ (read as
ACUITE A four plus) from ‘ACUITE A4’ (read as ACUITE A four) to Rs. 100 Crore of shortterm commercial papers of Sterling and Wilson Renewable Energy Limited (“the Company”).
Further, on the request of the Company, Acuité has withdrawn the short-term rating on Rs. 200
Crore commercial papers of the Company. The Company does not have any outstanding
commercial paper as at date

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Results update.
Pursuant to Regulation 29 of the SEBI Listing Regulations, please note that a meeting of the Board of Directors of the Company is scheduled to be held on Saturday, April 20, 2024 interalia, to consider and approve the Audited (Consolidated and Standalone) Financial Results of the Company for the quarter and financial year ended March 31, 2024 (“said results”).