Swelect Energy Systems Ltd
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]
- Market Cap ₹ 1,662 Cr.
- Current Price ₹ 1,096
- High / Low ₹ 1,526 / 484
- Stock P/E 81.8
- Book Value ₹ 554
- Dividend Yield 0.27 %
- ROCE 5.35 %
- ROE 3.61 %
- Face Value ₹ 10.0
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.76.1 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 301 | |
173 | 170 | 214 | 253 | 217 | 261 | 202 | 216 | 202 | 273 | 184 | 159 | 216 | |
Operating Profit | 3 | 6 | 8 | 23 | 24 | 34 | 25 | 36 | 51 | 81 | 62 | 84 | 85 |
OPM % | 2% | 4% | 3% | 8% | 10% | 11% | 11% | 14% | 20% | 23% | 25% | 35% | 28% |
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 | 54 |
Depreciation | 7 | 10 | 17 | 17 | 19 | 23 | 26 | 30 | 28 | 28 | 26 | 42 | 42 |
Profit before tax | 665 | 18 | 2 | 26 | 31 | 27 | 10 | -7 | 28 | 36 | 8 | 70 | 65 |
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 | 58 | |
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 | 37.85 |
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: | -9% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 41% |
3 Years: | 14% |
TTM: | -33% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 58% |
3 Years: | 69% |
1 Year: | 82% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 15 | 15 | 15 | 15 | 15 |
Reserves | 655 | 668 | 668 | 672 | 690 | 705 | 716 | 704 | 727 | 760 | 772 | 824 |
47 | 101 | 139 | 132 | 114 | 206 | 198 | 228 | 358 | 459 | 550 | 569 | |
93 | 99 | 84 | 57 | 87 | 70 | 70 | 97 | 90 | 166 | 148 | 253 | |
Total Liabilities | 805 | 879 | 901 | 871 | 901 | 991 | 994 | 1,044 | 1,192 | 1,401 | 1,485 | 1,661 |
184 | 267 | 290 | 301 | 323 | 376 | 427 | 441 | 463 | 566 | 666 | 717 | |
CWIP | 1 | 12 | 17 | 1 | 3 | 12 | 13 | 11 | 72 | 25 | 32 | 7 |
Investments | 281 | 292 | 257 | 288 | 257 | 272 | 258 | 242 | 277 | 291 | 285 | 275 |
339 | 309 | 337 | 281 | 319 | 331 | 296 | 350 | 380 | 519 | 504 | 663 | |
Total Assets | 805 | 879 | 901 | 871 | 901 | 991 | 994 | 1,044 | 1,192 | 1,401 | 1,485 | 1,661 |
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% |
Documents
Announcements
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General
2h - Commissioning of 7 MW Solar Power Plant in Tamil Nadu.
- Closure of Trading Window 27 Sep
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Intimation Regarding Transfer Of Shares Held By The Company.
13 Sep - Transfer of 6.51% shares in SWELECT RE Power.
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Clarification sought from Swelect Energy Systems Ltd
6 Sep - Exchange has sought clarification from Swelect Energy Systems Ltd on September 6, 2024 with reference to significant movement in price, in order to ensure that …
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Announcement Under Regulation 30 Of SEBI LODR
6 Sep - Approval for investment in solar energy joint venture.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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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]