Swelect Energy Systems Ltd
Incorporated in 1994, Swelect Energy Systems Ltd is in the business of Solar and Solar
Related Activities[1]
- Market Cap ₹ 921 Cr.
- Current Price ₹ 608
- High / Low ₹ 878 / 480
- Stock P/E 26.1
- Book Value ₹ 531
- Dividend Yield 0.58 %
- ROCE 4.81 %
- ROE 1.62 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.14 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 30.6%
Cons
- Company has a low return on equity of 0.35% over last 3 years.
- Earnings include an other income of Rs.34.1 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 48 | 163 | 170 | 174 | 120 | 142 | 185 | 286 | 229 | 249 | 431 | 376 | 430 | |
| 49 | 153 | 161 | 161 | 118 | 129 | 158 | 245 | 189 | 210 | 397 | 330 | 366 | |
| Operating Profit | -0 | 9 | 9 | 12 | 2 | 13 | 27 | 41 | 40 | 39 | 35 | 46 | 64 |
| OPM % | -0.6% | 6% | 5% | 7% | 1.5% | 9% | 14% | 14% | 18% | 16% | 8% | 12% | 15% |
| 23 | 34 | 46 | 38 | 35 | -1 | 26 | 31 | 9 | 62 | 50 | 32 | 34 | |
| Interest | 11 | 10 | 5 | 6 | 7 | 10 | 12 | 21 | 25 | 34 | 33 | 32 | 34 |
| Depreciation | 9 | 13 | 11 | 13 | 14 | 17 | 15 | 17 | 14 | 15 | 15 | 17 | 18 |
| Profit before tax | 3 | 21 | 38 | 31 | 15 | -14 | 24 | 34 | 10 | 52 | 36 | 30 | 47 |
| Tax % | 55% | 43% | 24% | 24% | 28% | 18% | 0% | 0% | 4% | 0% | 76% | 34% | |
| 1 | 12 | 29 | 23 | 11 | -17 | 24 | 34 | 9 | 52 | 9 | 20 | 34 | |
| EPS in Rs | 0.88 | 7.90 | 19.33 | 15.44 | 7.27 | -11.04 | 16.04 | 22.29 | 6.16 | 34.13 | 5.66 | 12.90 | 22.55 |
| Dividend Payout % | 190% | 34% | 14% | 17% | 23% | -18% | 19% | 13% | 19% | 12% | 53% | 27% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 15% |
| 3 Years: | 18% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -6% |
| 3 Years: | 47% |
| TTM: | 579% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 20% |
| 3 Years: | 0% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 1% |
| 3 Years: | 0% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 635 | 617 | 645 | 663 | 669 | 643 | 666 | 695 | 720 | 772 | 774 | 789 |
| 112 | 60 | 65 | 84 | 93 | 122 | 275 | 290 | 366 | 358 | 309 | 439 | |
| 29 | 67 | 85 | 89 | 95 | 124 | 101 | 194 | 98 | 177 | 141 | 223 | |
| Total Liabilities | 786 | 754 | 805 | 847 | 868 | 904 | 1,056 | 1,195 | 1,199 | 1,321 | 1,240 | 1,466 |
| 153 | 131 | 146 | 153 | 206 | 236 | 273 | 265 | 250 | 266 | 279 | 326 | |
| CWIP | 15 | 0 | 0 | 1 | 1 | 0 | 3 | 1 | 2 | 0 | 7 | 77 |
| Investments | 367 | 407 | 386 | 401 | 410 | 370 | 416 | 474 | 523 | 459 | 495 | 572 |
| 251 | 216 | 273 | 291 | 250 | 299 | 364 | 455 | 424 | 597 | 459 | 492 | |
| Total Assets | 786 | 754 | 805 | 847 | 868 | 904 | 1,056 | 1,195 | 1,199 | 1,321 | 1,240 | 1,466 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -21 | 25 | -30 | 2 | 25 | 7 | -21 | 86 | 9 | -24 | 31 | 75 | |
| 71 | 9 | 42 | -20 | -43 | -21 | -107 | -45 | -88 | 82 | 66 | -157 | |
| -2 | -67 | -25 | -10 | -23 | 4 | 112 | 30 | -11 | -2 | -34 | 15 | |
| Net Cash Flow | 48 | -33 | -13 | -29 | -41 | -9 | -16 | 71 | -90 | 56 | 64 | -67 |
| Free Cash Flow | -52 | -41 | -36 | -25 | -43 | -33 | -74 | 79 | -11 | -41 | -4 | -58 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 5,968% | 350% | -284% | 79% | 1,821% | 60% | -72% | 217% | 29% | -52% | 100% | 173% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 169 | 101 | 126 | 67 | 54 | 80 | 149 | 75 | 114 | 147 | 118 | 106 |
| Inventory Days | 158 | 104 | 143 | 165 | 236 | 249 | 155 | 276 | 159 | 379 | 69 | 65 |
| Days Payable | 34 | 189 | 215 | 219 | 392 | 354 | 259 | 351 | 90 | 151 | 66 | 164 |
| Cash Conversion Cycle | 294 | 16 | 54 | 12 | -102 | -25 | 44 | -0 | 183 | 375 | 121 | 7 |
| Working Capital Days | 600 | 116 | 141 | -116 | -50 | -36 | 128 | -160 | -297 | -99 | 59 | -58 |
| ROCE % | 1% | 3% | 6% | 5% | 0% | 2% | 3% | 5% | 5% | 6% | 4% | 5% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Permanent Employees Number |
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| Solar Power Installed Capacity MW |
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| Solar PV Module Manufacturing Capacity MW |
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| Cumulative Solar EPC Projects Executed MW |
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Extracted by Screener AI
Documents
Announcements
-
Transfer Of Equity Shares Held In ESG Green Energy Private Limited
- On 23 Oct 2026, 12.78 lakh ESG Green Energy shares transferred to Ramco Industries; subsidiary status unchanged.
-
Announcement under Regulation 30 (LODR)-Acquisition
- Swelect approved acquisition of Sushma Solar for up to Rs.2.27 crore; target to build 50 MW plant.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Company hereby submits the certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations, 2018
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- SWELECT appoints Pradeep Kumar Madhur as Chief Business Officer, effective October 1, 2026.
-
Commissioning Of 3.125 MW Solar Power Plant By SWELECT HHV Solar Photovoltaics Private Limited (A Step Down Wholly Owned Subsidiary Company)
- Swelect subsidiary commissioned a 3.125 MW solar plant in Virudhunagar, Tamil Nadu, for captive consumption.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from nse
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Annual Report 2013
from bse
Business Overview[1] [2]
The company is a part of the Swelect Group and was formerly known as Numeric Power Systems Ltd. It has evolved from a leading UPS and power electronics solutions provider into an integrated clean energy solutions company. It is engaged in solar power generation, manufacturing of PV inverters, solar charge controllers, and solar junction boxes, along with rooftop solar installations and EPC services for solar projects.