Swelect Energy Systems Ltd

Swelect Energy Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Swelect Energy Systems Ltd

₹ 1,423 5.24%
25 Apr 4:01 p.m.
swelectes.com BSE: 532051 NSE : SWELECTES
About

Swelect Energy Systems Ltd, incorporated in 1994, is engaged in the business of manufacturing and trading of Solar power projects, off-grid solar photovoltaic modules, based on crystalline silicon technology (c-Si), solar and wind power generation, contract manufacturing services, installation and maintenance services, sale of Solar Photovoltaic inverters and energy efficient lighting systems. [1]

Key Points

Company Overview
The company is engaged in the business of manufacturing and trading Solar power projects, off-grid solar photovoltaic modules, based on crystalline silicon technology (c-Si), solar and wind power generation, contract manufacturing services, installation and maintenance services, sale of Solar Photovoltaic inverters and energy efficient lighting systems. [1]

Website BSE NSE
  • Market Cap ₹ 2,152 Cr.
  • Current Price ₹ 1,423
  • High / Low ₹ 1,468 / 314
  • Stock P/E 59.4
  • Book Value ₹ 495
  • Dividend Yield 0.08 %
  • ROCE 5.03 %
  • ROE 0.56 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 17.2%

Cons

  • Stock is trading at 2.88 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 2.49% over last 3 years.
  • Earnings include an other income of Rs.44.0 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

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
30 87 26 19 68 148 30 117 31 50 68 20 114
27 78 27 11 46 132 15 102 27 44 57 15 100
Operating Profit 4 8 -1 8 22 15 15 15 4 6 11 5 15
OPM % 12% 10% -4% 40% 32% 10% 50% 12% 13% 12% 17% 24% 13%
9 -2 8 5 4 9 -9 -1 8 11 15 9 9
Interest 3 4 7 4 5 5 5 6 7 7 8 8 8
Depreciation 4 4 4 4 3 4 3 3 4 4 4 4 4
Profit before tax 6 -1 -4 5 17 15 -2 4 1 6 15 2 12
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 6% 2% 0% 0%
6 -1 -4 5 17 15 -2 4 1 6 14 2 12
EPS in Rs 3.63 -0.54 -2.46 3.07 11.51 10.18 -1.36 2.73 0.92 3.87 9.45 1.54 8.10
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
535 106 51 48 163 170 174 120 142 185 225 229 253
487 111 50 49 153 161 161 118 129 158 173 189 216
Operating Profit 48 -5 1 -0 9 9 12 2 13 27 51 40 37
OPM % 9% -5% 3% -1% 6% 5% 7% 1% 9% 14% 23% 18% 15%
5 662 29 23 34 46 38 35 -1 26 15 9 44
Interest 4 2 1 11 10 5 6 7 10 12 19 25 31
Depreciation 6 5 4 9 13 11 13 14 17 15 14 14 14
Profit before tax 44 650 25 3 21 38 31 15 -14 24 34 10 35
Tax % 20% 21% 0% 55% 43% 24% 24% 28% -18% 0% 0% 4%
35 511 25 1 12 29 23 11 -17 24 34 9 35
EPS in Rs 22.78 336.05 16.41 0.88 7.90 19.33 15.44 7.27 -11.04 16.04 22.29 6.16 22.96
Dividend Payout % 9% 25% 36% 190% 34% 14% 17% 23% -18% 19% 13% 19%
Compounded Sales Growth
10 Years: 8%
5 Years: 6%
3 Years: 17%
TTM: -22%
Compounded Profit Growth
10 Years: -14%
5 Years: -29%
3 Years: 1%
TTM: -11%
Stock Price CAGR
10 Years: 22%
5 Years: 54%
3 Years: 92%
1 Year: 297%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 2%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 10 10 10 10 10 15 15 15 15 15
Reserves 262 622 636 635 617 645 663 669 643 666 695 720 735
26 27 92 112 60 65 84 93 122 275 290 366 375
76 50 45 29 67 85 89 95 124 101 194 98 56
Total Liabilities 374 709 784 786 754 805 847 868 904 1,056 1,195 1,199 1,181
74 78 145 153 131 146 153 206 236 273 265 250 260
CWIP 20 1 11 15 0 0 1 1 0 3 1 2 1
Investments 22 375 393 367 407 386 401 410 370 416 474 523 518
258 255 235 251 216 273 291 250 299 364 455 424 401
Total Assets 374 709 784 786 754 805 847 868 904 1,056 1,195 1,199 1,181

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
36 -40 -64 -21 25 -30 2 25 7 -21 86 9
-22 184 -0 71 9 42 -20 -43 -21 -107 -45 -88
-17 -145 55 -2 -67 -25 -10 -23 4 112 30 -11
Net Cash Flow -3 -1 -9 48 -33 -13 -29 -41 -9 -16 71 -90

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 72 45 245 169 101 126 67 54 80 149 96 114
Inventory Days 103 62 200 158 104 143 165 236 249 155 405 159
Days Payable 32 36 47 34 189 215 219 392 354 259 516 90
Cash Conversion Cycle 143 71 398 294 16 54 12 -102 -25 44 -15 183
Working Capital Days 103 24 201 660 147 226 27 208 193 408 82 241
ROCE % 15% 6% 2% 1% 3% 6% 5% 0% 2% 3% 7% 5%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.37% 56.37% 56.37% 56.37% 56.37% 56.36% 56.36% 56.36% 56.36% 56.36% 56.36% 56.36%
0.00% 0.00% 0.02% 0.06% 0.08% 0.01% 0.07% 0.00% 0.03% 0.06% 0.04% 0.06%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.41% 0.00% 0.47%
43.63% 43.63% 43.61% 43.57% 43.56% 43.64% 43.56% 43.64% 43.61% 43.17% 43.60% 43.11%
No. of Shareholders 12,97613,00213,63613,48916,25618,08618,78914,70713,64216,53116,84423,905

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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