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Swelect Energy Overview

Swelect Energy Systems Ltd is engaged inside the business of producing and buying and selling of solar power projects, solar and wind power generation, contract manufacturing offerings, installation and renovation services, sale of sun photovoltaic inverters and energy efficient lights structures. It has three segments: Solar Energy Systems/Services, Contract manufacturing-UPS Systems, and Others. Its merchandise portfolio includes Solar PV modules, Solar Charge Controllers, Solar Inverters, Solar On Grid Inverters, Grid Interactive Inverter Sy...Read More

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Swelect Energy Key Financials

Market Cap ₹1000 Cr.

Stock P/E 71.5

P/B 1.1

Current Price ₹659.4

Book Value ₹ 593.2

Face Value 10

52W High ₹979.1

Dividend Yield 0.45%

52W Low ₹ 480.1

Swelect Energy Share Price

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Volume
Price

Swelect Energy Quarterly Price

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Swelect Energy Peer Comparison

Swelect Energy Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 48 64 76 114 198 91 219 177 139 139
Other Income 7 8 9 12 12 9 14 12 9 9
Total Income 56 71 84 126 210 100 233 189 147 147
Total Expenditure 32 40 52 93 169 73 190 136 98 105
Operating Profit 24 31 33 33 41 27 43 53 49 42
Interest 11 12 17 14 15 13 16 14 16 14
Depreciation 10 10 12 10 10 11 11 12 13 12
Exceptional Income / Expenses 0 0 32 0 0 0 0 0 0 -2
Profit Before Tax 3 9 36 9 16 3 16 28 21 14
Provision for Tax 1 0 4 3 7 14 7 7 5 4
Profit After Tax 3 9 32 7 9 -11 9 21 16 10
Adjustments 4 -1 4 -0 -1 -0 -0 -1 -1 -0
Profit After Adjustments 7 8 36 6 8 -11 9 21 15 9
Adjusted Earnings Per Share 4.5 5.2 24 4.1 5.4 -7.1 5.8 13.5 10 6.1

Swelect Energy Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 222 276 241 294 228 252 253 354 246 243 622 674
Other Income 27 31 36 27 28 28 30 21 24 37 47 44
Total Income 249 308 277 322 256 280 282 375 270 279 669 716
Total Expenditure 214 253 218 261 205 224 202 273 184 159 525 529
Operating Profit 34 55 59 61 51 55 80 102 86 121 144 187
Interest 13 12 10 10 15 17 18 23 30 51 57 60
Depreciation 17 17 18 23 26 30 28 28 26 42 43 48
Exceptional Income / Expenses -2 0 0 0 0 -15 -7 0 0 32 0 -2
Profit Before Tax 2 26 31 27 10 -7 28 51 30 60 44 79
Provision for Tax 3 9 9 12 4 3 1 3 1 7 30 23
Profit After Tax -0 17 22 16 7 -10 26 48 29 54 14 56
Adjustments -0 0 0 0 0 0 0 -16 -23 8 -1 -2
Profit After Adjustments -0 17 22 16 7 -10 26 32 6 62 13 54
Adjusted Earnings Per Share -0.2 10.9 14.3 10.5 4.5 -6.7 17.2 21.4 3.7 40.9 8.3 35.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 156% 21% 20% 11%
Operating Profit CAGR 19% 12% 21% 16%
PAT CAGR -74% -34% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 13% 22% 26% 9%
ROE Average 2% 4% 4% 3%
ROCE Average 7% 7% 6% 5%

Swelect Energy Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 678 682 700 715 726 719 743 776 787 838 857
Minority's Interest 0 0 0 0 0 0 6 11 16 19 20
Borrowings 99 51 35 32 29 39 149 185 232 224 315
Other Non-Current Liabilities 20 3 6 7 7 13 12 8 8 24 46
Total Current Liabilities 104 134 160 238 232 272 281 421 441 556 510
Total Liabilities 901 871 901 991 994 1044 1192 1401 1485 1661 1749
Fixed Assets 290 301 295 349 407 420 440 543 629 685 784
Other Non-Current Assets 54 55 52 72 79 116 175 149 119 94 100
Total Current Assets 557 515 554 570 508 508 577 708 737 868 865
Total Assets 901 871 901 991 994 1044 1192 1401 1485 1661 1749

Swelect Energy Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 58 60 77 72 25 -78 -84 -99 25 -117 -77
Cash Flow from Operating Activities -5 3 29 3 69 28 33 97 131 90 130
Cash Flow from Investing Activities 45 39 21 -101 -120 -30 -142 -73 -284 -83 -113
Cash Flow from Financing Activities 15 -28 -52 49 -53 -4 94 99 11 34 19
Net Cash Inflow / Outflow 55 14 -2 -50 -103 -6 -15 124 -142 40 37
Closing Cash & Cash Equivalent 116 77 72 25 -78 -84 -99 25 -117 -77 -41

Swelect Energy Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.25 10.92 14.27 10.48 4.5 -6.71 17.21 21.38 3.66 40.88 8.31
CEPS(Rs) 11 22.16 26.37 25.84 21.65 12.99 35.74 49.96 36.19 62.9 37.7
DPS(Rs) 2.5 4 4 4 2.5 2 3 3 1.2 4 3
Book NAV/Share(Rs) 444.58 447.27 459.32 468.97 476.42 472.13 487.43 509.23 516.9 550.37 562.72
Core EBITDA Margin(%) 3.26 8.24 9.28 11.35 10.17 10.99 19.98 22.82 25.16 34.59 15.58
EBIT Margin(%) 6.7 13.46 16.39 12.72 11.33 4.06 17.93 20.9 24.25 45.8 16.19
Pre Tax Margin(%) 1 9.2 12.51 9.25 4.59 -2.78 10.89 14.47 12.17 24.81 7.01
PAT Margin (%) -0.11 5.87 8.76 5.36 3 -4.03 10.31 13.6 11.61 22.04 2.25
Cash Profit Margin (%) 7.33 11.92 16.19 13.22 14.42 7.8 21.45 21.38 22.33 39.27 9.19
ROA(%) -0.03 1.87 2.44 1.68 0.69 -1 2.33 3.72 1.98 3.4 0.82
ROE(%) -0.04 2.45 3.15 2.26 0.95 -1.41 3.58 6.38 3.67 6.62 1.66
ROCE(%) 1.91 4.66 4.99 4.36 2.81 1.1 4.46 6.38 4.65 8.13 6.99
Receivable days 79 81.32 105.27 80.32 78.72 67.92 87.28 78.82 113.8 89.51 34.35
Inventory Days 57.17 49.6 78.17 81.69 101.23 92.66 99.26 117.62 221.88 275.71 118.01
Payable days 107.27 87.38 144.88 121.56 175.5 156.23 174.46 198.8 316.89 388.53 98.08
PER(x) 0 23.01 15.97 22.61 35.53 0 11.69 17.74 78 23.34 65.26
Price/Book(x) 0.8 0.56 0.5 0.51 0.34 0.18 0.41 0.74 0.55 1.73 0.96
Dividend Yield(%) 0.47 1.06 1.17 1.13 1.04 2.41 1.49 0.79 0.42 0.42 0.55
EV/Net Sales(x) 2.51 1.35 1.25 1.41 1.35 0.9 2.55 2.61 3.2 7.33 2.02
EV/Core EBITDA(x) 16.3 6.79 5.13 6.8 5.97 4.12 8.01 9.09 9.14 14.76 8.72
Net Sales Growth(%) 25.73 24.5 -12.63 22.04 -22.69 10.79 0.13 40.28 -30.64 -1.19 156.06
EBIT Growth(%) -33.8 148.96 6.65 -6.89 -31.57 -60.29 342.21 63.53 -19.52 86.63 -9.5
PAT Growth(%) -101.56 6533.61 30.66 -26.54 -57.02 -248.91 356.04 85.02 -40.77 87.56 -73.88
EPS Growth(%) -102.32 4511.83 30.66 -26.54 -57.03 -248.92 356.48 24.24 -82.89 1017.6 -79.67
Debt/Equity(x) 0.21 0.19 0.16 0.29 0.27 0.31 0.48 0.59 0.7 0.68 0.73
Current Ratio(x) 5.37 3.83 3.46 2.39 2.19 1.87 2.05 1.68 1.67 1.56 1.69
Quick Ratio(x) 5.03 3.52 3.06 2.1 1.95 1.61 1.81 1.3 1.36 1.15 1.36
Interest Cover(x) 1.18 3.16 4.22 3.67 1.68 0.59 2.55 3.25 2.01 2.18 1.76
Total Debt/Mcap(x) 0.27 0.35 0.33 0.57 0.81 1.77 1.16 0.79 1.27 0.39 0.76

Swelect Energy Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 56.37 56.37 56.37 56.37 56.37 56.37 56.37 56.37 56.37 56.37
FII 0.04 0.06 0.12 0.07 0.09 0.06 0.05 0.04 0.22 0.23
DII 0 0.47 0.2 0 0 0.04 0.04 0 0 0
Public 43.6 43.1 43.31 43.56 43.54 43.53 43.54 43.59 43.42 43.41
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Swelect Energy News

Swelect Energy Pros & Cons

Pros

  • Debtor days have improved from 388.53 to 98.08days.

Cons

  • Company has a low return on equity of 4% over the last 3 years.
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