Swelect Energy Systems Ltd

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

Swelect Energy Systems Ltd

₹ 1,419 5.00%
25 Apr - close price
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 ₹ 1,419
  • High / Low ₹ 1,468 / 314
  • Stock P/E 80.6
  • Book Value ₹ 534
  • Dividend Yield 0.08 %
  • ROCE 4.41 %
  • ROE 0.21 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 21.4%
  • Debtor days have improved from 84.0 to 66.8 days.

Cons

  • Stock is trading at 2.66 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.44% over past five years.
  • Company has a low return on equity of 2.23% over last 3 years.
  • Earnings include an other income of Rs.39.4 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

Consolidated Figures in Rs. Crores / View Standalone

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
58.61 78.55 52.29 52.66 107.12 158.95 63.41 158.01 25.63 92.87 85.05 48.35 63.54
46.99 66.94 47.13 39.14 75.43 135.99 41.59 133.69 15.57 76.87 61.50 31.57 40.06
Operating Profit 11.62 11.61 5.16 13.52 31.69 22.96 21.82 24.32 10.06 16.00 23.55 16.78 23.48
OPM % 19.83% 14.78% 9.87% 25.67% 29.58% 14.44% 34.41% 15.39% 39.25% 17.23% 27.69% 34.71% 36.95%
9.21 -3.22 5.94 3.61 1.95 4.71 -10.10 -2.13 3.47 7.64 12.70 12.15 6.94
Interest 4.77 4.57 7.41 7.54 5.96 6.28 6.12 7.97 8.12 9.21 11.15 10.76 12.03
Depreciation 7.07 7.25 6.93 4.34 7.34 8.22 7.80 7.89 6.25 9.30 11.43 10.08 10.00
Profit before tax 8.99 -3.43 -3.24 5.25 20.34 13.17 -2.20 6.33 -0.84 5.13 13.67 8.09 8.39
Tax % 0.89% -30.61% -10.49% 4.00% 8.21% 6.61% -23.18% 0.47% -10.71% 14.81% 15.44% 9.64% 2.03%
8.91 -4.47 -3.58 5.04 18.67 12.30 -2.71 6.32 -0.94 4.38 11.55 7.31 8.22
EPS in Rs 5.88 -2.92 -2.36 3.29 12.40 8.11 -1.77 3.72 -0.50 2.31 7.20 4.51 5.23
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
599 176 176 222 276 241 294 228 252 253 354 366 290
544 173 170 214 253 217 261 202 216 202 273 294 210
Operating Profit 56 3 6 8 23 24 34 25 36 51 81 72 80
OPM % 9% 2% 4% 3% 8% 10% 11% 11% 14% 20% 23% 20% 28%
1 673 27 24 32 36 27 27 4 23 5 1 39
Interest 5 4 5 13 12 10 10 15 17 18 23 32 43
Depreciation 7 7 10 17 17 19 23 26 30 28 28 33 41
Profit before tax 45 665 18 2 26 31 27 10 -7 28 36 8 35
Tax % 23% 22% 11% 117% 36% 30% 42% 35% -45% 5% 9% 18%
35 521 17 -0 17 22 16 7 -10 26 32 6 31
EPS in Rs 22.88 342.68 10.64 -0.25 10.89 14.23 10.45 4.49 -6.71 17.20 21.37 3.65 19.25
Dividend Payout % 9% 2% 56% -665% 24% 19% 25% 37% -30% 17% 14% 33%
Compounded Sales Growth
10 Years: 8%
5 Years: 4%
3 Years: 13%
TTM: -29%
Compounded Profit Growth
10 Years: -25%
5 Years: -36%
3 Years: -14%
TTM: -27%
Stock Price CAGR
10 Years: 22%
5 Years: 54%
3 Years: 92%
1 Year: 297%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 2%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 282 655 668 668 672 690 705 716 704 727 760 772 794
43 47 101 139 132 114 206 198 228 358 459 550 618
90 93 99 84 57 87 70 70 97 90 166 148 129
Total Liabilities 426 805 879 901 871 901 991 994 1,044 1,192 1,401 1,485 1,557
115 184 267 290 301 323 376 427 441 463 566 666 699
CWIP 21 1 12 17 1 3 12 13 11 72 25 32 40
Investments 1 281 292 257 288 257 272 258 242 277 291 285 277
289 339 309 337 281 319 331 296 350 380 519 504 541
Total Assets 426 805 879 901 871 901 991 994 1,044 1,192 1,401 1,485 1,557

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
43 -36 -44 -5 4 29 3 69 28 33 97 131
-34 176 19 49 42 18 -98 -120 -30 -142 -73 -284
-12 -118 44 15 -28 -52 49 -53 -4 94 99 11
Net Cash Flow -3 23 19 59 17 -5 -47 -103 -6 -15 124 -142

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 75 67 90 91 93 109 72 64 78 96 89 67
Inventory Days 103 104 122 86 83 157 135 191 209 210 346 269
Days Payable 39 134 142 107 91 176 104 173 160 178 277 160
Cash Conversion Cycle 139 37 69 70 86 90 103 82 128 129 158 176
Working Capital Days 103 7 34 174 65 73 90 92 77 312 173 302
ROCE % 16% 8% 2% 1% 3% 5% 4% 1% 2% 4% 6% 4%

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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