Swelect Energy Systems Ltd

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

Swelect Energy Systems Ltd

₹ 1,112 -0.52%
12 Dec 12:09 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 ₹ 1,686 Cr.
  • Current Price ₹ 1,112
  • High / Low ₹ 1,526 / 484
  • Stock P/E 64.4
  • Book Value ₹ 564
  • Dividend Yield 0.27 %
  • ROCE 5.35 %
  • ROE 3.61 %
  • 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 18.9%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.30% over past five years.
  • Company has a low return on equity of 2.56% over last 3 years.
  • Earnings include an other income of Rs.76.0 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

Part of BSE SmallCap BSE Industrials BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
52.66 107.12 158.95 63.41 158.01 25.63 61.73 85.05 48.35 63.54 75.52 113.84 197.64
39.14 75.43 135.99 41.59 133.69 15.57 49.76 61.50 31.57 40.06 51.66 92.85 168.81
Operating Profit 13.52 31.69 22.96 21.82 24.32 10.06 11.97 23.55 16.78 23.48 23.86 20.99 28.83
OPM % 25.67% 29.58% 14.44% 34.41% 15.39% 39.25% 19.39% 27.69% 34.71% 36.95% 31.59% 18.44% 14.59%
3.61 1.95 4.71 -10.10 -2.13 3.47 8.75 12.70 12.15 6.94 45.14 11.88 12.07
Interest 7.54 5.96 6.28 6.12 7.97 8.12 8.46 11.15 10.76 12.03 17.40 13.51 14.74
Depreciation 4.34 7.34 8.22 7.80 7.89 6.25 7.12 11.43 10.08 10.00 11.97 10.25 10.42
Profit before tax 5.25 20.34 13.17 -2.20 6.33 -0.84 5.14 13.67 8.09 8.39 39.63 9.11 15.74
Tax % 4.00% 8.21% 6.61% 23.18% 0.47% 10.71% 14.79% 15.44% 9.64% 2.03% 9.08% 27.66% 42.95%
5.04 18.67 12.30 -2.71 6.32 -0.94 4.38 11.55 7.31 8.22 36.02 6.59 8.99
EPS in Rs 3.29 12.40 8.11 -1.77 3.72 -0.50 2.31 7.20 4.51 5.23 23.97 4.14 5.43
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
176 176 222 276 241 294 228 252 253 354 246 243 451
173 170 214 253 217 261 202 216 202 273 184 159 353
Operating Profit 3 6 8 23 24 34 25 36 51 81 62 84 97
OPM % 2% 4% 3% 8% 10% 11% 11% 14% 20% 23% 25% 35% 22%
673 27 24 32 36 27 27 4 23 5 2 79 76
Interest 4 5 13 12 10 10 15 17 18 23 30 51 58
Depreciation 7 10 17 17 19 23 26 30 28 28 26 42 43
Profit before tax 665 18 2 26 31 27 10 -7 28 36 8 70 73
Tax % 22% 11% 117% 36% 30% 42% 35% 45% 5% 9% 18% 10%
521 17 -0 17 22 16 7 -10 26 32 6 63 60
EPS in Rs 342.68 10.64 -0.25 10.89 14.23 10.45 4.49 -6.71 17.20 21.37 3.65 40.91 38.77
Dividend Payout % 2% 56% -665% 24% 19% 25% 37% -30% 17% 14% 33% 10%
Compounded Sales Growth
10 Years: 3%
5 Years: 1%
3 Years: -1%
TTM: 104%
Compounded Profit Growth
10 Years: 11%
5 Years: 41%
3 Years: 14%
TTM: 35%
Stock Price CAGR
10 Years: 15%
5 Years: 62%
3 Years: 65%
1 Year: 119%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 3%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 10 10 10 10 10 10 15 15 15 15 15 15
Reserves 655 668 668 672 690 705 716 704 727 760 772 824 840
47 101 139 132 114 206 198 228 358 459 550 569 635
93 99 84 57 87 70 70 97 90 166 148 253 157
Total Liabilities 805 879 901 871 901 991 994 1,044 1,192 1,401 1,485 1,661 1,648
184 267 290 301 323 376 427 441 463 566 666 717 711
CWIP 1 12 17 1 3 12 13 11 72 25 32 7 2
Investments 281 292 257 288 257 272 258 242 277 291 285 275 285
339 309 337 281 319 331 296 350 380 519 504 663 650
Total Assets 805 879 901 871 901 991 994 1,044 1,192 1,401 1,485 1,661 1,648

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-36 -44 -5 4 29 3 69 28 33 97 131 90
176 19 49 42 18 -98 -120 -30 -142 -73 -284 -82
-118 44 15 -28 -52 49 -53 -4 94 99 11 32
Net Cash Flow 23 19 59 17 -5 -47 -103 -6 -15 124 -142 40

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 67 90 91 93 109 72 64 78 96 89 99 78
Inventory Days 104 122 86 83 157 135 191 209 210 346 412 1,034
Days Payable 134 142 107 91 176 104 173 160 178 277 244 411
Cash Conversion Cycle 37 69 70 86 90 103 82 128 129 158 267 702
Working Capital Days 7 34 174 65 73 90 92 77 312 173 204 241
ROCE % 8% 2% 1% 3% 5% 4% 1% 2% 4% 6% 4% 5%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.37% 56.37% 56.37% 56.36% 56.36% 56.36% 56.36% 56.36% 56.36% 56.36% 56.36% 56.36%
0.02% 0.06% 0.08% 0.01% 0.07% 0.00% 0.03% 0.06% 0.04% 0.06% 0.12% 0.07%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.41% 0.00% 0.47% 0.20% 0.00%
43.61% 43.57% 43.56% 43.64% 43.56% 43.64% 43.61% 43.17% 43.60% 43.11% 43.32% 43.57%
No. of Shareholders 13,63613,48916,25618,08618,78914,70713,64216,53116,84423,90527,19245,230

* 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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