STERLINGANDWILSONRENEWAB / Q4-FY26 / risks

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Sterling and Wilson · Material risks, their source context, and severity in the latest available quarter.

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PositiveQ4-FY26 · 2026-05-15Back to quarter ↗

Risk intelligence

Material risks this quarter

US litigation exposure

Ongoing US court cases involve ~₹200 cr cash out, promoter-indemnified, but additional costs could arise if cases go against the company.

medium

Commodity price volatility

Rising solar module and commodity prices (copper, silver) since January 2026 have muted Q4 ordering; management has back-to-back protection for existing orders but new bids face uncertainty.

medium

Reliance order delay

Despite deep engagement, no clarity on timing or size of Reliance New Energy orders; management expects it 'this year' but declined to commit to a quarter.

low

Execution slowdown in Rajasthan

Grid connectivity issues and GI court cases have delayed project development in Rajasthan, impacting order conversion and execution timelines.

medium