Swelect Energy Systems Share Price & Earnings Call Analysis

₹612.00+0.77% today
Market cap
₹928 Cr
P/E
21.58
ROE
5.34%
PEG
0.10
Price to sales
1.52
Debt to equity
0.87
52W high / low
₹802 / ₹496
Sales growth (5Y)
21.08%
EBITDA margin
22.61%
Net profit margin
7.55%
Promoter holding
56.37%
Sales (last year)
₹611 Cr

Incorporated in 1994, Swelect Energy Systems Ltd is in the business of Solar and Solar Related Activities[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹66,283 Cr16.5
240%+Up 2%+₹464 Cr11.6
340%+Up 0–2%₹12,066 Cr47.0
440%+Up 0–2%₹500 Cr6.7
540%+Flat₹20,621 Cr111.2
640%+Flat₹15,855 Cr11.2

Sign up free to see every company in the sector ranking and track Swelect Energy.

Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment ranking

Financials of Swelect Energy

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Swelect Energy

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +628548647611419891219177139139202
Expenses +5062324052931697319013698105167
Operating Profit12241723242129182942413335
OPM %19%28%35%37%32%18%15%20%13%24%29%24%18%
Other Income +91312745121291412977
Interest8111112171415131614161417
Depreciation7111010121010111112131213
Profit before tax514884091631628211413
Tax %15%15%10%2%9%28%43%453%43%24%24%32%13%
Net Profit +412783679-11921161011
EPS in Rs2.317.204.515.2323.974.145.43-7.105.8413.5510.016.116.73

Financials of Swelect Energy

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +222276241294228252253354246243622657
Expenses +214253217261202216202273184159525506
Operating Profit823243425365181628497151
OPM %3%8%10%11%11%14%20%23%25%35%16%23%
Other Income +243236272742352794734
Interest131210101517182330515761
Depreciation171719232630282826424349
Profit before tax226312710-728368704476
Tax %117%36%30%42%35%45%5%9%18%10%68%24%
Net Profit +-01722167-1026326631458
EPS in Rs-0.2510.8914.2310.454.49-6.7117.2021.373.6540.888.3136.39
Dividend Payout %-665%24%19%25%37%-30%17%14%33%10%36%10%

Financials of Swelect Energy

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101015151515151515
Reserves668672690705716704727760772823842906
Borrowings +139132114206198228358459550569628798
Other Liabilities +84578770709790166148254265364
Total Liabilities9018719019919941,0441,1921,4011,4851,6611,7492,083
Fixed Assets +290301323376427441463566666717813842
CWIP171312131172253277162
Investments257288257272258242277291285275268276
Other Assets +337281319331296350380519504663661803
Total Assets9018719019919941,0441,1921,4011,4851,6611,7492,083

Financials of Swelect Energy

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-54293692833971319013095
Cash from Investing Activity +494218-98-120-30-142-73-284-83-113-198
Cash from Financing Activity +15-28-5249-53-4949911341950
Net Cash Flow5917-5-47-103-6-15124-1424037-52
Free Cash Flow-49-8217-971-19-8211-19-38-7-138
CFO/OP14%43%144%42%300%89%73%130%217%115%142%68%

Financials of Swelect Energy

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days9193109726478968999783834
Inventory Days86831571351912092103464121,034166179
Days Payable10791176104173160178277244411108150
Cash Conversion Cycle708690103821281291582677029563
Working Capital Days128-15-23-107-175-17812-109-267-275-6269
ROCE %1%3%5%4%1%2%4%6%4%5%5%9%
19out of 100

Momentum score · price trend

19 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−24.5%30%
Last 6 months−12.7%34%
Last 3 months−1.0%66%

The price is 58.4% below its all-time high of ₹1,460.75 (26 Apr 2024). Stocks more than 20% below their peak have their score halved, so 38 became 19.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Swelect Energy: 0.4 × 30 + 0.4 × 34 + 0.2 × 66 = 38, halved to 19 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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