Swelect Energy Systems Ltd

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

Swelect Energy Systems Ltd

₹ 893 1.10%
12 Sep 12:08 p.m.
swelectes.com BSE: 532051 NSE: SWELECTES
About

Incorporated in 1994, Swelect Energy Systems Ltd is in the business of Solar and Solar
Related Activities[1]

Key Points

Business Overview:[1]
SESL, the flagship of the Swelect group, formerly produced UPS under the Numeric brand. Now, it focuses on renewable energy—generating solar and wind power, manufacturing solar modules (1 GW capacity), PV inverters, charge controllers, and junction boxes. It also handles rooftop installations and EPC contracts for solar projects.

Website BSE NSE
  • Market Cap ₹ 1,353 Cr.
  • Current Price ₹ 893
  • High / Low ₹ 1,360 / 460
  • Stock P/E 50.4
  • Book Value ₹ 565
  • Dividend Yield 0.32 %
  • ROCE 5.06 %
  • ROE 0.58 %
  • 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 26.2%
  • Debtor days have improved from 72.0 to 38.1 days.

Cons

  • Company has a low return on equity of 1.47% over last 3 years.
  • Earnings include an other income of Rs.46.7 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 SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
63 158 26 62 85 48 64 76 114 198 91 219 177
42 134 16 50 62 32 40 52 93 169 73 190 136
Operating Profit 22 24 10 12 24 17 23 24 21 29 18 29 42
OPM % 34% 15% 39% 19% 28% 35% 37% 32% 18% 15% 20% 13% 24%
-10 -2 3 9 13 12 7 45 12 12 9 14 12
Interest 6 8 8 8 11 11 12 17 14 15 13 16 14
Depreciation 8 8 6 7 11 10 10 12 10 10 11 11 12
Profit before tax -2 6 -1 5 14 8 8 40 9 16 3 16 28
Tax % 23% 0% 11% 15% 15% 10% 2% 9% 28% 43% 453% 43% 24%
-3 6 -1 4 12 7 8 36 7 9 -11 9 21
EPS in Rs -1.77 3.72 -0.50 2.31 7.20 4.51 5.23 23.97 4.14 5.43 -7.10 5.84 13.55
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
176 222 276 241 294 228 252 253 354 246 243 622 685
170 214 253 217 261 202 216 202 273 184 159 525 567
Operating Profit 6 8 23 24 34 25 36 51 81 62 84 97 118
OPM % 4% 3% 8% 10% 11% 11% 14% 20% 23% 25% 35% 16% 17%
27 24 32 36 27 27 4 23 5 2 79 47 47
Interest 5 13 12 10 10 15 17 18 23 30 51 57 57
Depreciation 10 17 17 19 23 26 30 28 28 26 42 43 44
Profit before tax 18 2 26 31 27 10 -7 28 36 8 70 44 62
Tax % 11% 117% 36% 30% 42% 35% 45% 5% 9% 18% 10% 68%
17 -0 17 22 16 7 -10 26 32 6 63 14 29
EPS in Rs 10.64 -0.25 10.89 14.23 10.45 4.49 -6.71 17.20 21.37 3.65 40.88 8.31 17.72
Dividend Payout % 56% -665% 24% 19% 25% 37% -30% 17% 14% 33% 10% 36%
Compounded Sales Growth
10 Years: 11%
5 Years: 20%
3 Years: 21%
TTM: 127%
Compounded Profit Growth
10 Years: 24%
5 Years: 14%
3 Years: -45%
TTM: 30%
Stock Price CAGR
10 Years: 14%
5 Years: 47%
3 Years: 37%
1 Year: -31%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 1%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 10 10 10 10 10 10 15 15 15 15 15 15
Reserves 668 668 672 690 705 716 704 727 760 772 823 842
101 139 132 114 206 198 228 358 459 550 569 628
99 84 57 87 70 70 97 90 166 148 254 265
Total Liabilities 879 901 871 901 991 994 1,044 1,192 1,401 1,485 1,661 1,749
267 290 301 323 376 427 441 463 566 666 717 813
CWIP 12 17 1 3 12 13 11 72 25 32 7 7
Investments 292 257 288 257 272 258 242 277 291 285 275 268
309 337 281 319 331 296 350 380 519 504 663 661
Total Assets 879 901 871 901 991 994 1,044 1,192 1,401 1,485 1,661 1,749

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-44 -5 4 29 3 69 28 33 97 131 90 130
19 49 42 18 -98 -120 -30 -142 -73 -284 -83 -113
44 15 -28 -52 49 -53 -4 94 99 11 34 19
Net Cash Flow 19 59 17 -5 -47 -103 -6 -15 124 -142 40 37

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 90 91 93 109 72 64 78 96 89 99 78 38
Inventory Days 122 86 83 157 135 191 209 210 346 412 1,034 166
Days Payable 142 107 91 176 104 173 160 178 277 244 411 108
Cash Conversion Cycle 69 70 86 90 103 82 128 129 158 267 702 95
Working Capital Days -20 128 -15 -23 -107 -175 -178 12 -109 -267 -275 -62
ROCE % 2% 1% 3% 5% 4% 1% 2% 4% 6% 4% 5% 5%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
56.36% 56.36% 56.36% 56.36% 56.36% 56.36% 56.36% 56.36% 56.36% 56.36% 56.36% 56.36%
0.01% 0.07% 0.00% 0.03% 0.06% 0.04% 0.06% 0.12% 0.07% 0.09% 0.06% 0.05%
0.00% 0.00% 0.00% 0.00% 0.41% 0.00% 0.47% 0.20% 0.00% 0.00% 0.04% 0.04%
43.64% 43.56% 43.64% 43.61% 43.17% 43.60% 43.11% 43.32% 43.57% 43.54% 43.53% 43.54%
No. of Shareholders 18,08618,78914,70713,64216,53116,84423,90527,19245,23047,66133,57231,523

* 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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