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Swelect Energy Systems Limited SWELECTES NSETECH

Technology · Solar · India
https://www.swelectes.com
Company Profile ↓
₹654.70
+9.42% 1Y
Mkt Cap₹992.44 Cr
P/E18.01
P/B1.05
Div. Yield0.54%
52W High₹934.25
52W Low₹496.45
Book Value₹607.66
EPS (TTM)₹36.36

Company Overview

Swelect Energy Systems Limited engages in the manufacture and trading of solar mounting structures, solar photovoltaic inverters**and other ancillary products in India. The company offers photovoltaic modules, including mono PERC, TOPCon, monofacial, bifacial, domestic content requirements, and non-DCR; module mounting structures (MMS), such as ground mount, rooftop, and solar water pumps; energy storage systems, including solar energy storage systems, and solar-wind hybrid energy storage systems. It also provides electrical BoS, such as string combiner boxes (SCBs), DCDBs, AJBs, and ACDBs; and auxiliary transformers, including servo stabilisers. In addition, the company distributes solar power products, such as solar modules and MMS plus BOS accessories. Further, the company engages in solar and wind power generation, and provision of contract manufacturing and installation and maintenance services. It serves homes/SME'S, EPC, O&M services, and independent power producer markets. The company was formerly known as Numeric Power Systems Limited and changed its name to Swelect Energy Systems Limited in May 2012. Swelect Energy Systems Limited was incorporated in 1994 and is based in Chennai, India.

Why Investors Should Care

Consistent Profit Growth

Net profit has compounded at 115.1% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 40.0% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 18.0, below the sector median of 27.7.

Healthy Margins

Operating margin of 16.9% supports profitability.

Recent Developments

  • Mar 2026 Revenue of ₹648.64 Cr (+5.6% YoY); net profit ₹55.17 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +5.6%, earnings +338.0%.
  • 5-Year Trend Long-term compounding — revenue CAGR 40.0%, profit CAGR 115.1%.

Growth & Price Performance

Compounded Sales Growth

5 Years:40.02%
1 Year:5.57%

Compounded Profit Growth

5 Years:115.09%
1 Year:337.96%

Stock Price Performance

1 Year:+9.42%
6 Months:+8.95%
3 Months:+3.48%
1 Month:+1.93%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bullish
52-Week Range 36% of range
₹496.45 ₹934.25
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMAAbove
  • RSI (14)55.94 · Neutral
Price Performance
1M+1.93%
3M+3.48%
6M+8.95%
1Y+9.42%
Valuation vs Sector

P/E of 18.01 is below the sector median of 27.67 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 40.0% over 5 years.
  • Profit CAGR of 115.1% over 5 years.

CONS

  • Trading 29.9% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
18.01
Industry PE
27.67
Forward P/E est.
9.01
PEG Ratio
-
Book Value
₹607.66
Price to Book
1.05
P/S
1.52
EV/EBITDA
8.12
Dividend Yield
0.54%

Growth (CAGR)

Revenue 5Y
40.02%
Profit 5Y
115.09%
Revenue (YoY)
5.57%
Earnings (YoY)
337.96%

Profitability & Returns

ROCE
9.25%
ROE
5.99%
ROA
2.65%
Profit Margin
8.51%
Op Margin
16.94%
Gross Margin
38.33%
EPS (Latest Qtr)
₹6.72
EPS (TTM)
₹36.36

Balance Sheet & Liquidity

Debt/Equity
0.87
Quick Ratio
1.22
Current Ratio
1.49
Debt
₹797.58 Cr
Total Assets
₹2,082.81 Cr
Current Assets
₹975.14 Cr
Working Capital
₹318.55 Cr

Ownership

Promoter Holding
62.43%
Chg in Prom Hold
6.07%
FII / Inst Holding
0.05%
Chg in FII Hold
0.00%

Financial Snapshot

Enterprise Value
₹992.44 Cr
Total Revenue (TTM)
₹648.64 Cr
EBITDA
₹179.17 Cr
Free Cash Flow
₹-146.40 Cr
Operating Cash Flow
₹95.49 Cr
Shares Outstanding
₹1.52 Cr
Gross Margin
38.33%
Payout Ratio
8.25%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 SWELECTES Swelect Energy Systems Limited NSETECH 654.70 18.01 ₹992.44 Cr 0.54% 9.25% 5.99% 40.02% 115.09%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,173.50 15.98 ₹7.86 L Cr 3.14% 54.93% 45.89% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,084.40 1,355.50 ₹4.40 L Cr 4.68% 41.66% 33.85% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,176.30 18.35 ₹3.19 L Cr 8.25% 27.21% 22.14% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 175.97 14.01 ₹1.85 L Cr 9.69% 17.85% 14.91% 0.78% 5.16%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,474.20 27.20 ₹1.44 L Cr 3.51% 19.82% 16.24% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,076.50 24.10 ₹1.21 L Cr 1.86% 25.39% 20.89% 8.43% 4.41%
8 LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH 1,535.10 61.82 ₹1.04 L Cr 0.00% 27.64% 21.98% 0.98% -
9 OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH 11,729.00 38.82 ₹1.02 L Cr 5.71% 43.24% 33.72% 10.42% 13.48%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 62.00 Cr85.00 Cr48.00 Cr64.00 Cr76.00 Cr114.00 Cr--218.81 Cr177.22 Cr138.86 Cr138.63 Cr202.42 Cr
Cost of Revenue --------156.23 Cr106.65 Cr70.64 Cr83.11 Cr125.99 Cr
Gross Profit --------62.58 Cr70.57 Cr68.21 Cr55.51 Cr76.43 Cr
Operating Expenses 50.00 Cr62.00 Cr32.00 Cr40.00 Cr52.00 Cr93.00 Cr--49.59 Cr40.41 Cr40.24 Cr33.75 Cr53.66 Cr
Operating Income 5.00 Cr13.00 Cr7.00 Cr13.00 Cr12.00 Cr11.00 Cr--12.99 Cr30.16 Cr27.98 Cr21.76 Cr22.77 Cr
EBITDA 12.00 Cr24.00 Cr17.00 Cr23.00 Cr24.00 Cr21.00 Cr--42.67 Cr53.34 Cr49.27 Cr40.17 Cr42.77 Cr
Interest Expense 8.00 Cr11.00 Cr11.00 Cr12.00 Cr17.00 Cr14.00 Cr--11.27 Cr13.93 Cr15.57 Cr14.50 Cr17.22 Cr
Pretax Income 5.00 Cr14.00 Cr8.00 Cr8.00 Cr40.00 Cr9.00 Cr--15.74 Cr27.85 Cr20.91 Cr14.01 Cr12.80 Cr
Tax Provision 75.00 L2.10 Cr80.00 L16.00 L3.60 Cr2.52 Cr--6.76 Cr6.71 Cr5.07 Cr4.49 Cr1.71 Cr
Net Income 4.00 Cr12.00 Cr7.00 Cr8.00 Cr36.00 Cr7.00 Cr--8.85 Cr20.54 Cr15.17 Cr9.26 Cr10.20 Cr
Diluted EPS 2.317.204.515.2323.974.14--5.3113.9510.456.116.72

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 222.00 Cr276.00 Cr241.00 Cr294.00 Cr228.00 Cr252.00 Cr253.00 Cr-236.29 Cr236.54 Cr614.44 Cr648.64 Cr
Cost of Revenue --------121.88 Cr83.10 Cr441.02 Cr400.02 Cr
Gross Profit --------114.40 Cr153.44 Cr173.43 Cr248.62 Cr
Operating Expenses 214.00 Cr253.00 Cr217.00 Cr261.00 Cr202.00 Cr216.00 Cr202.00 Cr-77.64 Cr110.52 Cr115.26 Cr138.71 Cr
Operating Income -9.00 Cr6.00 Cr5.00 Cr11.00 Cr-1.00 Cr6.00 Cr23.00 Cr-36.76 Cr42.93 Cr58.17 Cr109.91 Cr
EBITDA 8.00 Cr23.00 Cr24.00 Cr34.00 Cr25.00 Cr36.00 Cr51.00 Cr-101.62 Cr150.88 Cr139.48 Cr179.17 Cr
Interest Expense 13.00 Cr12.00 Cr10.00 Cr10.00 Cr15.00 Cr17.00 Cr18.00 Cr-28.41 Cr48.81 Cr52.71 Cr56.34 Cr
Pretax Income 2.00 Cr26.00 Cr31.00 Cr27.00 Cr10.00 Cr-7.00 Cr28.00 Cr-29.91 Cr60.23 Cr43.60 Cr75.57 Cr
Tax Provision 2.34 Cr9.36 Cr9.30 Cr11.34 Cr3.50 Cr-3.15 Cr1.40 Cr-1.38 Cr6.72 Cr29.62 Cr17.98 Cr
Net Income -017.00 Cr22.00 Cr16.00 Cr7.00 Cr-10.00 Cr26.00 Cr-5.54 Cr61.97 Cr12.60 Cr55.17 Cr
Diluted EPS -0.2510.8914.2310.454.49-6.7117.20-4.2341.598.3136.36

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 901.00 Cr871.00 Cr901.00 Cr991.00 Cr994.00 Cr1,044.00 Cr1,192.00 Cr-1,487.04 Cr1,661.68 Cr1,749.56 Cr2,082.81 Cr
Current Assets --------737.41 Cr881.79 Cr865.01 Cr975.14 Cr
Cash & Equivalents --------11.51 Cr15.28 Cr25.96 Cr36.46 Cr
Inventory --------136.95 Cr229.84 Cr172.17 Cr173.19 Cr
Receivables --------66.97 Cr52.11 Cr64.89 Cr60.96 Cr
Total Liabilities --------683.36 Cr805.04 Cr872.47 Cr1,128.45 Cr
Current Liabilities --------441.05 Cr555.72 Cr510.47 Cr656.60 Cr
Long Term Debt --------232.25 Cr224.28 Cr315.43 Cr380.04 Cr
Total Debt 139.00 Cr132.00 Cr114.00 Cr206.00 Cr198.00 Cr228.00 Cr358.00 Cr-550.17 Cr569.00 Cr629.12 Cr797.58 Cr
Total Equity 678.00 Cr682.00 Cr700.00 Cr715.00 Cr726.00 Cr719.00 Cr742.00 Cr-787.23 Cr837.97 Cr856.68 Cr921.14 Cr
Shares Outstanding --------1.52 Cr1.52 Cr1.52 Cr1.52 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -5.00 Cr4.00 Cr29.00 Cr3.00 Cr69.00 Cr28.00 Cr33.00 Cr-131.47 Cr89.54 Cr130.09 Cr95.49 Cr
Investing Cash Flow 49.00 Cr42.00 Cr18.00 Cr-98.00 Cr-120.00 Cr-30.00 Cr-142.00 Cr--284.13 Cr-83.45 Cr-112.85 Cr-198.24 Cr
Financing Cash Flow 15.00 Cr-28.00 Cr-52.00 Cr49.00 Cr-53.00 Cr-4.00 Cr94.00 Cr-10.80 Cr33.57 Cr19.44 Cr50.30 Cr
Capital Expenditure -44.00 Cr-86.00 Cr-12.00 Cr-100.00 Cr-68.00 Cr-47.00 Cr-115.00 Cr--151.34 Cr-127.86 Cr-137.57 Cr-241.89 Cr
Free Cash Flow -49.00 Cr-82.00 Cr17.00 Cr-97.00 Cr1.00 Cr-19.00 Cr-82.00 Cr--19.87 Cr-38.32 Cr-7.48 Cr-146.40 Cr
Net Change in Cash 59.00 Cr17.00 Cr-5.00 Cr-47.00 Cr-103.00 Cr-6.00 Cr-15.00 Cr--141.86 Cr39.65 Cr36.68 Cr-52.45 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --------48.4%64.9%28.2%38.3%
Operating Margin % -4.1%2.2%2.1%3.7%-0.4%2.4%9.1%-15.6%18.1%9.5%16.9%
Net Margin % -0.0%6.2%9.1%5.4%3.1%-4.0%10.3%-2.3%26.2%2.1%8.5%
ROE % -0.0%2.5%3.1%2.2%1.0%-1.4%3.5%-0.7%7.4%1.5%6.0%
ROCE % --------3.5%3.9%4.7%7.7%

Shareholding Pattern

Insiders
62.43%
Institutions
0.05%
Public Float
0.13%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for SWELECTES

Google News ue, 09 Dec 2025

After the recent decline, Swelect Energy Systems Limited (NSE:SWELECTES) Co-Chief Executive Officer Ramasamy Chellappan's holdings have lost 11% of their value - simplywall.st

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Google News Fri, 15 Aug 2025

Swelect Energy Systems Limited's (NSE:SWELECTES) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects? - simplywall.st

<a href="https://news.google.com/rss/articles/CBMi7AFBVV95cUxQbkUtMFJYZXZ1Z1pySjFXaGRjazZZdDgwZ3JRQWpXWldUcW1UdFg4ZGJSWXFCVmxGTUtCeUpQTVc3aEdMUG1LLTB0Sm5TelloZjBrV285QzhMYUFuSUM3a1hQRjFZVmhtbTVqS1FhM05USVBzb0lQREhoVnFvX2dpZzZRcFd2SldFbThkZE…

Google News Fri, 17 Apr 2026

SWELECT Energy Systems Opens Special Window for Physical Share Transfer and Dematerialisation - scanx.trade

<a href="https://news.google.com/rss/articles/CBMi5AFBVV95cUxQeVU5SkhyeTNOaC1kcFF4Vlh4aXUySTFiTDJUNXlGMDNVZGJCNDkwZU93U2NhaGRuLU9odnBEQXhYWEFrVnlManl2ekcyMURIbnJZRUVPMXFBNnJRVzE3NW1DSzgzLWV0Yl9RUXFfLUctX3RtemZuQ3E1QlhLQ0FuY1pBUE4tY0xfQ25Ccl…

Google News Sun, 30 Jul 2017

BHAGYANGR Stock Price and Chart — NSE:BHAGYANGR - TradingView

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Google News Sun, 23 Jul 2023

Swelect Energy Systems Q4 Results 2026 - Find Swelect Energy Systems Q4 Earnings Result | SWELECTES Q4 results - livemint.com

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SWELECTES — Frequently Asked Questions

What is the current share price of Swelect Energy Systems Limited (SWELECTES)?

As of 2026-07-15 09:52 IST, Swelect Energy Systems Limited (SWELECTES) trades at ₹654.70 on NSE. Its 52-week range is ₹496.45 to ₹934.25.

What is the market capitalisation of SWELECTES?

Swelect Energy Systems Limited (SWELECTES) has a market capitalisation of ₹992.44 Cr on NSE.

What is the P/E ratio of SWELECTES?

SWELECTES trades at a trailing price-to-earnings (P/E) ratio of 18.01. The industry average P/E is 27.67. Its price-to-book (P/B) ratio is 1.05.

Does SWELECTES pay a dividend?

Swelect Energy Systems Limited (SWELECTES) currently offers a dividend yield of 0.54%.

What is the return on equity (ROE) of SWELECTES?

SWELECTES has a return on equity (ROE) of 5.99%. Its return on capital employed (ROCE) is 9.25%.

Is SWELECTES a good stock to buy?

This page provides a data-driven analysis of Swelect Energy Systems Limited (SWELECTES), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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