Sterling Powergensys Limited - environment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L29213MH1984PLC034343 Incorporated 22 October 1984 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 513575 Public Limited Company environment MSME
Data last updated
Market Cap
₹11.96 Cr
STERPOW · BSE
Share Price
₹22.50
-0.97% today
Revenue
₹23.80 Cr
FY 2025-26 · +88.9% YoY
EBITDA
₹0.92 Cr
Margin 3.9%
Net Profit
₹0.45 Cr
FY 2025-26 · +136.8% YoY
P/E (TTM)
11.1x
P/B 9.4x
ROE
6.1%
ROCE 10.4%
Debt / Equity
2.81
Interest cover 16.3x

About Sterling Powergensys Limited

Data last updated:

Sterling Powergensys Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 22 October 1984 and has been in existence for over 42 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L29213MH1984PLC034343. Its GSTIN is 27AADCS9092E1Z3 (Maharashtra). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 513575.

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.26 Cr. It was formerly known as Sterling Strips Limited. It is led by directors including Sankaran Venkata Subramanian (Managing Director) and Rajlaxmi Iyar.

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Office No. 816 8th Floor Rajhans Helix 3 L B S Marg, Opp Hdfc Bank Ghatkopar West Mumbai, Maharashtra, India – 400086.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹23.8 Cr, a growth of 88.9% compared to the previous year. For the same year it recorded a net profit of ₹45 Lakh (net margin 1.9%) and EBITDA of ₹92 Lakh (EBITDA margin 3.9%). The net worth stands at ₹1.38 Cr (up 331.3% YoY). Total assets are valued at ₹3.88 Cr (up 25.6% YoY).

The company has about 4 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Streling Powergensys and Sterling Strips. As per MCA filings, the company has open charges of ₹2.19 Cr and satisfied charges of ₹2.84 Cr on record. Court records list 8 cases involving the company, including 3 filed by the company and 5 filed against it; 1 case is pending. The company has 18 deals on record (18 market trades); the latest was in March 2026. The company has 7 MSME Form 1 returns on record between 2022 and 2024, listing 50 overdue payments to 4 micro and small suppliers.

Sterling Powergensys Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-18-0061419). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website splsolar.in.

Company details

CIN L29213MH1984PLC034343
Registration Number 034343
Incorporation Date 22 October 1984
ROC Mumbai
Listing Status Listed - Listed on BSE (513575)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-18-0061419

CIN history

Sterling Powergensys has one previous CIN (Corporate Identification Number): U29213MH1984PLC034343. The current CIN is L29213MH1984PLC034343, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L29213MH1984PLC034343Current
U29213MH1984PLC034343Previous

Recognitions & Rankings of Sterling Powergensys

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-MH-18-0061419

Contact details

Sterling Powergensys Limited's registered office is in Mumbai, Maharashtra. Its website is splsolar.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Office No. 816 8th Floor Rajhans Helix 3 L B S Marg, Opp Hdfc Bank Ghatkopar West Mumbai, Maharashtra, India – 400086
  • Industry
    Environment, Solar Energy Solutions

To see the full contact details of Sterling Powergensys Limited, buy the company report.

Comprehensive company report
Sterling Powergensys Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Sterling Powergensys operates two associated brands: Streling Powergensys and Sterling Strips. Each brand links to its own profile.

BrandDescriptionWebsite
EPC services for solar PV power projects are delivered.splsolar.in
Limited information is available on Sterling Strips' core activities.sterlingstrips.com

Business activity

The main business activities of Sterling Powergensys are professional, scientific and technical and trade. In detail, this covers other professional, scientific and technical activities and wholesale trading. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
MProfessional, Scientific and TechnicalM9Other professional, scientific and technical activities
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Sterling Powergensys Limited, buy the company report.

Financials of Sterling Powergensys Limited

FY 2025-26 filings available

Sterling Powergensys Limited reported revenue of ₹23.8 Cr (up 88.9% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹23.80 Cr
+88.9% YoY
EBITDA
₹0.92 Cr
+200.0% YoY
Profit After Tax
₹0.45 Cr
+136.8% YoY
Net Worth
₹1.38 Cr
+331.3% YoY
Total Assets
₹3.88 Cr
+25.6% YoY
Total Debt
₹2.25 Cr
-10.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue23.8012.606.880.330.310.3711.16
Revenue growth+88.9%+83.1%+1984.9%+6.5%-16.2%-96.7%-
EBITDA0.92(0.92)(0.52)(0.28)(0.54)(0.63)(0.15)
EBITDA margin+3.9%-7.3%-7.6%-84.9%-174.2%-170.3%-1.3%
Profit before tax1.330.192.83(0.71)0.10(1.10)(0.52)
Net profit0.450.19(0.89)(0.71)(0.93)(0.80)(0.52)
Net profit margin+1.9%+1.5%-12.9%-215.2%-300.0%-216.2%-4.7%
EPS (₹)1.870.365.56(1.39)0.20(2.16)(1.02)
Balance sheet
Total assets3.883.092.902.993.704.494.62
Net worth1.380.320.15(2.62)(1.92)(2.02)(0.92)
Total debt2.252.522.445.295.283.742.73
Cash & bank0.010.010.500.030.000.010.01
Net working capital2.791.901.811.351.821.821.69
Cash flow
Cash from operations(0.05)(0.92)(0.57)0.210.00(0.84)(0.41)
Cash from investing0.46(0.15)4.050.001.030.000.00
Cash from financing(0.41)0.58(3.00)(0.18)(1.04)0.970.52
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.6817.065.130.830.790.800.800.33
Revenue growth (YoY)-13.9%+2032.5%+541.3%+151.5%-92.6%---
Other income0.110.560.000.000.050.380.070.27
Total expenses0.8515.525.271.110.981.410.910.55
EBITDA(0.17)1.54(0.14)(0.28)(0.19)(0.61)(0.11)(0.22)
EBITDA margin-25.0%+9.0%-2.7%-33.7%-24.1%-76.3%-13.8%-66.7%
Depreciation0.010.010.020.020.02(0.03)0.030.05
Interest0.020.11(0.02)0.030.020.070.020.00
Profit before tax(0.09)1.98(0.14)(0.33)(0.18)(0.27)(0.09)0.00
Tax0.000.350.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 08 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.6817.065.130.830.790.800.800.33
Revenue growth (YoY)-13.9%+2032.5%+541.3%+151.5%-92.6%---
Other income0.110.560.000.000.050.380.070.27
Total expenses0.8515.525.271.110.981.410.910.55
EBITDA(0.17)1.54(0.14)(0.28)(0.19)(0.61)(0.11)(0.22)
EBITDA margin-25.0%+9.0%-2.7%-33.7%-24.1%-76.3%-13.8%-66.7%
Depreciation0.010.010.020.020.02(0.03)0.030.05
Interest0.020.11(0.02)0.030.020.070.020.00
Profit before tax(0.09)1.98(0.14)(0.33)(0.18)(0.27)(0.09)0.00
Tax0.000.350.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue23.8012.606.880.330.310.3711.16
Revenue growth+88.9%+83.1%+1984.9%+6.5%-16.2%-96.7%-
Other income0.611.303.730.001.030.040.00
Total expenses22.8813.527.400.610.851.0011.31
Employee cost0.190.330.180.180.220.270.28
EBITDA0.92(0.92)(0.52)(0.28)(0.54)(0.63)(0.15)
EBITDA margin+3.9%-7.3%-7.6%-84.9%-174.2%-170.3%-1.3%
Depreciation0.060.070.240.240.260.260.26
Interest0.140.120.140.190.130.250.11
Profit before tax1.330.192.83(0.71)0.10(1.10)(0.52)
Tax0.350.000.000.000.000.000.00
Net profit0.450.19(0.89)(0.71)(0.93)(0.80)(0.52)
Net profit margin+1.9%+1.5%-12.9%-215.2%-300.0%-216.2%-4.7%
EPS (₹)1.870.365.56(1.39)0.20(2.16)(1.02)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital5.265.265.105.105.105.105.10
Reserves & surplus(3.90)(4.96)(4.95)(7.72)(7.02)(7.12)(6.02)
Shareholders' funds (net worth)1.380.320.15(2.62)(1.92)(2.02)(0.92)
Secured loans0.620.921.131.501.442.341.37
Unsecured loans1.631.601.313.793.841.401.36
Total debt2.252.522.445.295.283.742.73
Total liabilities3.883.092.902.993.704.494.62
Assets
Gross block6.256.296.136.966.967.027.02
Net block1.071.171.071.611.862.112.37
Capital work in progress0.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories1.691.611.611.581.581.882.06
Sundry debtors6.5610.249.898.1010.9510.5615.34
Cash & bank balances0.010.010.500.030.000.010.01
Loans & advances7.347.245.833.262.920.720.90
Total current assets15.6019.1017.8312.9715.4513.1718.31
Total current liabilities12.8117.2016.0211.6213.6311.3516.62
Net working capital2.791.901.811.351.821.821.69
Total assets3.883.092.902.993.704.494.62
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.010.500.030.000.010.010.01
Net cash from operating activities(0.05)(0.92)(0.57)0.210.00(0.84)(0.41)
Net cash from investing activities0.46(0.15)4.050.001.030.000.00
Net cash from financing activities(0.41)0.58(3.00)(0.18)(1.04)0.970.52
Net change in cash(0.01)(0.49)0.470.02(0.01)0.130.11
Closing cash0.010.010.500.030.000.010.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+88.9%+83.1%+1984.9%+6.5%-16.2%-96.7%-
EBITDA growth+200.0%-76.9%-85.7%+48.2%+14.3%-320.0%-
PBT growth+600.0%-93.3%+9998.0%-+9998.0%-111.5%+26.8%
Net income growth+136.8%+121.4%-25.4%+23.7%-16.3%-53.9%-
Revenue CAGR (3Y)+316.3%+243.8%+164.9%-69.1%-32.3%-60.9%-12.5%
EBITDA CAGR (3Y)-+19.4%-6.2%+23.1%+24.5%+99.0%-
Profitability & leverage
Net income margin+4.1%+1.5%+41.1%-215.2%+32.3%-297.3%-4.7%
Return on capital employed+10.5%+3.0%-11.2%0.0%-9.1%0.0%0.0%
Return on net worth+6.1%+2.5%-36.6%0.0%-34.4%0.0%0.0%
Debt / equity2.8110.560.000.000.000.000.00
Long-term debt / equity2.8110.560.000.000.000.000.00
Interest cover16.28-12.12-18.42-36.54-16.25-28.09-26.83
Efficiency & per share
Fixed asset turnover3.802.031.050.050.040.051.59
Inventory turnover14.427.834.310.210.180.195.25
Debtors turnover2.831.250.760.030.030.031.11
EPS (₹)1.870.365.56(1.39)0.20(2.16)(1.02)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)2.590.580.28(5.16)(3.77)(3.97)(1.81)

To see the full year-wise statements and ratios of Sterling Powergensys Limited, buy the company report.

Board of directors of Sterling Powergensys Limited

Sterling Powergensys has 9 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rajlaxmi IyarDirector14 Mar 20188 Years 7 MonthsCurrent
Sankaran Venkata SubramanianManaging Director18 Jan 198937 Years 9 MonthsCurrent
Shankar Ramnath IyerDirector04 Jan 20224 Years 10 MonthsCurrent
Nishant Rao TamapaDirector14 Aug 20251 Years 2 MonthsCurrent
Rajesh Rama SwamyDirector04 Sep 20251 Years 2 MonthsCurrent
Navinchandra JoshiDirector09 Jul 20242 Years 3 MonthsCurrent
Showing 6 of 9 current directors. View all directors

Auditor

Sterling Powergensys Limited is audited by DGMS and Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
DGMS and Co.FY 2023112187W

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 43.20%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 56.70%.

Promoters: 43.20%DII (Domestic Institutional): 0.20%Retail & Others: 56.70%
Mar 2026
QUARTER
43.20% Promoters
0.20% DII (Domestic Institutional)
56.70% Retail & Others
Promoter holding - history
Now 43.20% · Mar 2026High 44.40% · Jun 2025Low 43.20% · Mar 2026
42%43%44%45%46%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 44.40%Sep 2025: 44.00%Dec 2025: 44.00%Mar 2026: 43.20%44.40%43.20%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters43.20%44.00%44.00%44.40%
Public56.80%56.00%56.00%55.60%

Charges & borrowings

Open charges
₹2.19 Cr
Satisfied charges
₹2.84 Cr
Breakdown by lending institutions
Others₹1.49 Cr
Bank of Maharashtra₹0.70 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
03 Feb 201510552281Others₹1.49 CrOpen
06 Sep 201410533764Bank of Maharashtra₹70 LakhOpen
12 Dec 199490141828State Bank of Travancore₹1.8 CrSatisfied
01 Nov 199190149195The Sarasawat Co-Operative Bank Ltd.₹20 LakhSatisfied
05 Jan 199090141675The Sarasawat Co-Operative Bank Ltd.₹19.6 LakhSatisfied

To see the full charge records of Sterling Powergensys Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

Sterling Powergensys Limited has 18 deals on record (18 market trades); the latest was in March 2026.

Total deals
18
Market trades
18

Deals on record (5 of 18)

WhenDealAmountParties
Mar 2026Market trade₹5.6 LakhBuyer: Vipul Trilokchand Parmar Huf
Seller: an individual
Aug 2024Market trade₹29.6 LakhBuyer: Multiplier Share and Stock Advisors Private Limited
Seller: an individual
Jul 2024Market trade₹23.3 LakhBuyer: Raj Kumar Agarwala Huf
Seller: Multiplier Share and Stock Advisors Private Limited
Jun 2024Market trade₹26.5 LakhBuyer: an individual
Seller: Green Peaks Enterprises LLP
Dec 2022Market trade₹10.2 LakhBuyer: SVS Securities Private Limited
Seller: SVS Securities Private Limited

To see the full deal history of Sterling Powergensys Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Sterling Powergensys Limited was last rated by Crisil on 21 Jun 2017.

Rating agencyRated onRating
Crisil21 Jun 2017

To see the full credit ratings and regulatory alerts of Sterling Powergensys Limited, buy the company report.

MSME payment delays

Sterling Powergensys Limited has 7 MSME Form 1 returns on record between 2022 and 2024, listing 50 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (4 of 4)

SupplierAmount dueDue sinceReported on
an individual supplier
Bigshare Services Private Limited
an individual supplier
Sanjog Communication Private Limited

To see the full MSME payment records of Sterling Powergensys Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Sterling Powergensys Limited has a workforce of 4 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.

Employee count
4
Active EPFO establishments
1

GST

Sterling Powergensys has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AADCS9092E1Z3MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Sterling Powergensys Limited, buy the company report.

Recent activity

Sterling Powergensys Limited has 43 board changes on record since 1989: 27 appointments and 16 cessations. The latest: Periasamy Mathialagan was appointed as Additional Director on 13 Jun 2026.

Appointed
Periasamy Mathialagan was appointed as Additional Director.
Filing
Sterling Powergensys Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Sterling Powergensys Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Appointed
Rajesh Rama Swamy was appointed as Director.
Appointed
Nishant Rao Tamapa was appointed as Director.
Appointed
Pundlik Ranaba Davane was appointed as CFO.
Ceased
Dinesh Kumar Agarwal ceased to be CFO.
Ceased
Manish Lalitkumar Jain ceased to be Director.
Appointed
Sundar Venkataraman was appointed as Director.
Ceased
Tarang Madanjit Mehta ceased to be Director.
Appointed
Sujeet Ramnarayan Singh was appointed as Director.
Ceased
Nandakumar Kalath ceased to be Director.

47 earlier events are in the company report.

Frequently asked questions

Sterling Powergensys is an active public limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 22 October 1984 (42+ years old) and is registered under CIN L29213MH1984PLC034343. Listed on BSE: 513575.

Sterling Powergensys reported revenue of ₹23.8 Cr for FY 2025-26 (up 88.9% YoY) based on standalone financials.

Sterling Powergensys has 9 current directors:

The latest financial statements of Sterling Powergensys on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Sterling Powergensys is 27AADCS9092E1Z3, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Sterling Powergensys is L29213MH1984PLC034343. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Sterling Powergensys is a listed company as per MCA records. Its shares are listed on BSE (code: 513575).

Sterling Powergensys has 8 court cases on record: 3 filed by the company and 5 filed against it. 1 is pending. Most are in the high courts.

Sterling Powergensys was incorporated on 22 October 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.

Sterling Powergensys has 18 deals on record (18 market trades); the latest was in March 2026.

Periasamy Mathialagan was appointed as Additional Director on 13 Jun 2026. Rajesh Rama Swamy was appointed as Director on 04 Sep 2025. Nishant Rao Tamapa was appointed as Director on 14 Aug 2025. Sterling Powergensys has 43 board changes on record in total.