Swelect Energy Systems Ltd.
•₹ 608.90.02%
2026-08-21
PROS
- Company has delivered good sales growth of 21.1% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.52x)
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
- Attractively priced for its growth - PEG of 0.8
CONS
- A large part of profit comes from other income (47.7% of PBT)
- Recent results are weak - TTM profit is down 26.8% versus prior year
- Company has a low return on equity of 4.9% over last 3 years
- Company has a low return on capital employed of 7.9%
- Operating margins have contracted to 23.0% from 35.0%
- Recurring exceptional / one-off items are inflating headline profit
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SYRMA | 1491.90 | 78.15 | 28768.38 | 0.10 | 105.69 | 111.72 | 1588.62 | 68.29 | 17.70 | 10.17 |
| 2. | KAYNES | 3811.00 | 73.90 | 25546.91 | 0.00 | 56.43 | -24.37 | 946.02 | 40.47 | 14.67 | 15.60 |
| 3. | AVALON | 2240.85 | 112.06 | 14971.51 | 0.00 | 34.87 | 145.31 | 484.41 | 49.83 | 14.12 | 11.96 |
| 4. | UTLSOLAR | 481.20 | 0.00 | 14863.25 | 0.00 | 577.94 | — | 13456.93 | — | 40.63 | 18.94 |
| 5. | VIKRAMSOLR | 170.80 | 17.34 | 6189.01 | 0.00 | 19.78 | -85.17 | 1563.09 | 37.89 | 34.07 | 8.06 |
| 6. | CYIENTDLM | 714.80 | 69.11 | 5674.32 | 0.00 | 16.29 | 118.21 | 373.80 | 34.25 | 10.41 | 9.93 |
| 7. | SAATVIKGL | 399.70 | 20.48 | 5080.39 | 0.00 | 5.36 | -95.49 | 511.01 | -44.20 | 55.18 | 6.62 |
| 8. | CENTUM | 3372.45 | 100.33 | 4978.42 | 0.15 | 10.55 | 135.70 | 204.15 | -22.53 | 26.02 | 11.54 |
| 9. | WEBELSOLAR | 82.79 | 11.86 | 3594.44 | 0.30 | 777.90 | 1511.56 | 3726.00 | 2053.88 | 59.38 | 33.70 |
| 10. | KERNEX | 1870.00 | 16.48 | 3142.28 | 0.00 | 109.85 | 1382.00 | 503.58 | 800.38 | 23.69 | 32.33 |
| 11. | MODINSULAT | 439.60 | 22.01 | 2072.45 | 0.00 | 29.60 | 94.43 | 188.30 | 33.19 | 10.53 | 16.89 |
| 12. | SWELECTES | 606.95 | 22.06 | 920.06 | 0.58 | 7.65 | -63.80 | 130.77 | -26.21 | 8.59 | 21.71 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 55 | 48 | 64 | 76 | 114 | 198 | 91 | 219 | 177 | 139 | 139 | 202 | 131 | |
| 36 | 32 | 40 | 52 | 93 | 169 | 73 | 190 | 136 | 98 | 105 | 167 | 130 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 13 | 7 | 8 | 9 | 12 | 12 | 9 | 14 | 12 | 9 | 9 | 7 | 10 |
| Interest | 11 | 11 | 12 | 17 | 14 | 15 | 13 | 16 | 14 | 16 | 14 | 17 | 15 |
| Depreciation | 10 | 10 | 10 | 12 | 10 | 10 | 11 | 11 | 12 | 13 | 12 | 13 | 13 |
| 12 | 3 | 9 | 36 | 9 | 16 | 3 | 16 | 28 | 21 | 14 | 13 | 10 | |
| Tax % | 17.80% | 24.92% | 1.84% | 10.08% | 27.66% | 42.95% | 452.67% | 42.87% | 24.09% | 24.25% | 32.05% | 13.33% | 26.36% |
| Net Profit | 0 | 0 | 0 | 0 | 7 | 9 | -11 | 9 | 21 | 16 | 10 | 11 | 8 |
| 6 | 2 | 6 | 21 | 4 | 6 | -7 | 5 | 14 | 10 | 6 | 7 | 0 | |
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 55
- 36
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 11
- Depreciation
- 10
- 12
- Tax %
- 17.80%
- Net Profit
- 0
- 6
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 48
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 11
- Depreciation
- 10
- 3
- Tax %
- 24.92%
- Net Profit
- 0
- 2
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 64
- 40
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 12
- Depreciation
- 10
- 9
- Tax %
- 1.84%
- Net Profit
- 0
- 6
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 76
- 52
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 17
- Depreciation
- 12
- 36
- Tax %
- 10.08%
- Net Profit
- 0
- 21
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 114
- 93
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 14
- Depreciation
- 10
- 9
- Tax %
- 27.66%
- Net Profit
- 7
- 4
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 198
- 169
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 15
- Depreciation
- 10
- 16
- Tax %
- 42.95%
- Net Profit
- 9
- 6
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 91
- 73
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 13
- Depreciation
- 11
- 3
- Tax %
- 452.67%
- Net Profit
- -11
- -7
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 219
- 190
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 16
- Depreciation
- 11
- 16
- Tax %
- 42.87%
- Net Profit
- 9
- 5
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 177
- 136
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 14
- Depreciation
- 12
- 28
- Tax %
- 24.09%
- Net Profit
- 21
- 14
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 139
- 98
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 16
- Depreciation
- 13
- 21
- Tax %
- 24.25%
- Net Profit
- 16
- 10
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 139
- 105
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 14
- Depreciation
- 12
- 14
- Tax %
- 32.05%
- Net Profit
- 10
- 6
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 202
- 167
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 17
- Depreciation
- 13
- 13
- Tax %
- 13.33%
- Net Profit
- 11
- 7
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 131
- 130
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 15
- Depreciation
- 13
- 10
- Tax %
- 26.36%
- Net Profit
- 8
- 0
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 241 | 294 | 228 | 252 | 253 | 354 | 246 | 243 | 622 | 657 | 611 | |
| 218 | 261 | 205 | 224 | 202 | 273 | 184 | 159 | 525 | 506 | 501 | |
| Operating Profit | 59 | 61 | 51 | 55 | 80 | 102 | 86 | 121 | 144 | 187 | — |
| OPM % | 24 | 21 | 23 | 22 | 32 | 29 | 35 | 50 | 23 | 29 | — |
| Other Income | 36 | 27 | 28 | 28 | 30 | 21 | 24 | 37 | 47 | 36 | 34 |
| Interest | 10 | 10 | 15 | 17 | 18 | 23 | 30 | 51 | 57 | 61 | 63 |
| Depreciation | 18 | 23 | 26 | 30 | 28 | 28 | 26 | 42 | 43 | 49 | 50 |
| 31 | 27 | 10 | -7 | 28 | 51 | 30 | 60 | 44 | 76 | 58 | |
| Tax % | 30 | 42 | 35 | -45 | 5 | 6 | 5 | 11 | 68 | 24 | 24 |
| Net Profit | 22 | 16 | 7 | -10 | 26 | 48 | 29 | 54 | 14 | 58 | 44 |
| EPS | 0 | 0 | 0 | 0 | 17 | 21 | 4 | 41 | 8 | 36 | — |
| Dividend Payout % | 19 | 25 | 37 | -30 | 17 | 14 | 33 | 10 | 36 | 10 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | -0 | -1 | -1 | -1 | -2 | 1 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Adjusted EPS | 14 | 10 | 5 | -7 | 17 | 21 | 4 | 41 | 8 | 36 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | -0 | -1 | -1 | -1 | -2 | 1 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Adjusted EPS | 14 | 10 | 5 | -7 | 17 | 21 | 4 | 41 | 8 | 36 | — |
Mar 2017
- 241
- 218
- Operating Profit
- 59
- OPM %
- 24
- Other Income
- 36
- Interest
- 10
- Depreciation
- 18
- 31
- Tax %
- 30
- Net Profit
- 22
- EPS
- 0
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2018
- 294
- 261
- Operating Profit
- 61
- OPM %
- 21
- Other Income
- 27
- Interest
- 10
- Depreciation
- 23
- 27
- Tax %
- 42
- Net Profit
- 16
- EPS
- 0
- Dividend Payout %
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2019
- 228
- 205
- Operating Profit
- 51
- OPM %
- 23
- Other Income
- 28
- Interest
- 15
- Depreciation
- 26
- 10
- Tax %
- 35
- Net Profit
- 7
- EPS
- 0
- Dividend Payout %
- 37
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2020
- 252
- 224
- Operating Profit
- 55
- OPM %
- 22
- Other Income
- 28
- Interest
- 17
- Depreciation
- 30
- -7
- Tax %
- -45
- Net Profit
- -10
- EPS
- 0
- Dividend Payout %
- -30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
Mar 2021
- 253
- 202
- Operating Profit
- 80
- OPM %
- 32
- Other Income
- 30
- Interest
- 18
- Depreciation
- 28
- 28
- Tax %
- 5
- Net Profit
- 26
- EPS
- 17
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
Mar 2022
- 354
- 273
- Operating Profit
- 102
- OPM %
- 29
- Other Income
- 21
- Interest
- 23
- Depreciation
- 28
- 51
- Tax %
- 6
- Net Profit
- 48
- EPS
- 21
- Dividend Payout %
- 14
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 21
Mar 2023
- 246
- 184
- Operating Profit
- 86
- OPM %
- 35
- Other Income
- 24
- Interest
- 30
- Depreciation
- 26
- 30
- Tax %
- 5
- Net Profit
- 29
- EPS
- 4
- Dividend Payout %
- 33
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2024
- 243
- 159
- Operating Profit
- 121
- OPM %
- 50
- Other Income
- 37
- Interest
- 51
- Depreciation
- 42
- 60
- Tax %
- 11
- Net Profit
- 54
- EPS
- 41
- Dividend Payout %
- 10
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 41
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 41
Mar 2025
- 622
- 525
- Operating Profit
- 144
- OPM %
- 23
- Other Income
- 47
- Interest
- 57
- Depreciation
- 43
- 44
- Tax %
- 68
- Net Profit
- 14
- EPS
- 8
- Dividend Payout %
- 36
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2026
- 657
- 506
- Operating Profit
- 187
- OPM %
- 29
- Other Income
- 36
- Interest
- 61
- Depreciation
- 49
- 76
- Tax %
- 24
- Net Profit
- 58
- EPS
- 36
- Dividend Payout %
- 10
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 36
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 36
TTM
- 611
- 501
- Operating Profit
- —
- OPM %
- —
- Other Income
- 34
- Interest
- 63
- Depreciation
- 50
- 58
- Tax %
- 24
- Net Profit
- 44
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 1
- Share of Associates
- -0
- Adjusted EPS
- —
- Minority Interest
- 1
- Share of Associates
- -0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 9%
- 5 Years:
- 21%
- 3 Years:
- 39%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 13%
- 5 Years:
- 16%
- 3 Years:
- 115%
STOCK PRICE CAGR
- 10 Years:
- 9%
- 5 Years:
- 23%
- 3 Years:
- 4%
- 1 Year:
- -20%
RETURN ON EQUITY
- 10 Years:
- 3%
- 5 Years:
- 5%
- 3 Years:
- 5%
- Last Year:
- 7%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 10 | 10 | 10 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| 690 | 705 | 716 | 704 | 727 | 760 | 772 | 823 | 842 | 905 | |
| 63 | 159 | 166 | 174 | 205 | 259 | 317 | 285 | 264 | 383 | |
| Trade Payables | 71 | 53 | 52 | 54 | 56 | 130 | 81 | 91 | 113 | 145 |
| 66 | 65 | 50 | 97 | 188 | 237 | 300 | 447 | 516 | 633 | |
| Total Liabilities | 901 | 991 | 994 | 1,044 | 1,192 | 1,401 | 1,485 | 1,661 | 1,749 | 2,082 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 295 | 349 | 407 | 420 | 440 | 543 | 629 | 685 | 784 | 813 | |
| Capital Work in Progress | 3 | 12 | 13 | 11 | 72 | 25 | 32 | 7 | 7 | 162 |
| 285 | 299 | 278 | 263 | 300 | 291 | 285 | 275 | 268 | 276 | |
| 64 | 69 | 57 | 71 | 67 | 162 | 137 | 230 | 172 | 173 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 52 | 65 | 61 | |
| Cash & Bank | 158 | 151 | 133 | 121 | 15 | 108 | 196 | 235 | 192 | 195 |
| 97 | 111 | 106 | 158 | 298 | 272 | 207 | 178 | 260 | 403 | |
| Total Assets | 901 | 991 | 994 | 1,044 | 1,192 | 1,401 | 1,485 | 1,661 | 1,749 | 2,082 |
| Total Debt | 114 | 206 | 198 | 223 | 354 | 457 | 549 | 567 | 624 | 792 |
| Net Working Capital | 394 | 332 | 276 | 236 | 295 | 288 | 296 | 312 | 355 | 319 |
| Contingent Liabilities | 23 | 46 | 28 | 37 | 37 | 36 | 33 | 23 | 158 | 18 |
| Book Value per Share | 688.98 | 703.45 | 714.63 | 472.13 | 487.43 | 509.23 | 516.90 | 550.37 | 562.72 | 604.69 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 114 | 206 | 198 | 223 | 354 | 457 | 549 | 567 | 624 | 792 |
| Net Working Capital | 394 | 332 | 276 | 236 | 295 | 288 | 296 | 312 | 355 | 319 |
| Contingent Liabilities | 23 | 46 | 28 | 37 | 37 | 36 | 33 | 23 | 158 | 18 |
| Book Value per Share | 688.98 | 703.45 | 714.63 | 472.13 | 487.43 | 509.23 | 516.90 | 550.37 | 562.72 | 604.69 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 10
- 690
- 63
- Trade Payables
- 71
- 66
- Total Liabilities
- 901
- 295
- Capital Work in Progress
- 3
- 285
- 64
- 0
- Cash & Bank
- 158
- 97
- Total Assets
- 901
- Total Debt
- 114
- Net Working Capital
- 394
- Contingent Liabilities
- 23
- Book Value per Share
- 688.98
- Face Value
- 10.00
- Total Debt
- 114
- Net Working Capital
- 394
- Contingent Liabilities
- 23
- Book Value per Share
- 688.98
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 10
- 705
- 159
- Trade Payables
- 53
- 65
- Total Liabilities
- 991
- 349
- Capital Work in Progress
- 12
- 299
- 69
- 0
- Cash & Bank
- 151
- 111
- Total Assets
- 991
- Total Debt
- 206
- Net Working Capital
- 332
- Contingent Liabilities
- 46
- Book Value per Share
- 703.45
- Face Value
- 10.00
- Total Debt
- 206
- Net Working Capital
- 332
- Contingent Liabilities
- 46
- Book Value per Share
- 703.45
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 10
- 716
- 166
- Trade Payables
- 52
- 50
- Total Liabilities
- 994
- 407
- Capital Work in Progress
- 13
- 278
- 57
- 0
- Cash & Bank
- 133
- 106
- Total Assets
- 994
- Total Debt
- 198
- Net Working Capital
- 276
- Contingent Liabilities
- 28
- Book Value per Share
- 714.63
- Face Value
- 10.00
- Total Debt
- 198
- Net Working Capital
- 276
- Contingent Liabilities
- 28
- Book Value per Share
- 714.63
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 15
- 704
- 174
- Trade Payables
- 54
- 97
- Total Liabilities
- 1,044
- 420
- Capital Work in Progress
- 11
- 263
- 71
- 0
- Cash & Bank
- 121
- 158
- Total Assets
- 1,044
- Total Debt
- 223
- Net Working Capital
- 236
- Contingent Liabilities
- 37
- Book Value per Share
- 472.13
- Face Value
- 10.00
- Total Debt
- 223
- Net Working Capital
- 236
- Contingent Liabilities
- 37
- Book Value per Share
- 472.13
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 15
- 727
- 205
- Trade Payables
- 56
- 188
- Total Liabilities
- 1,192
- 440
- Capital Work in Progress
- 72
- 300
- 67
- 0
- Cash & Bank
- 15
- 298
- Total Assets
- 1,192
- Total Debt
- 354
- Net Working Capital
- 295
- Contingent Liabilities
- 37
- Book Value per Share
- 487.43
- Face Value
- 10.00
- Total Debt
- 354
- Net Working Capital
- 295
- Contingent Liabilities
- 37
- Book Value per Share
- 487.43
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 15
- 760
- 259
- Trade Payables
- 130
- 237
- Total Liabilities
- 1,401
- 543
- Capital Work in Progress
- 25
- 291
- 162
- 0
- Cash & Bank
- 108
- 272
- Total Assets
- 1,401
- Total Debt
- 457
- Net Working Capital
- 288
- Contingent Liabilities
- 36
- Book Value per Share
- 509.23
- Face Value
- 10.00
- Total Debt
- 457
- Net Working Capital
- 288
- Contingent Liabilities
- 36
- Book Value per Share
- 509.23
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 15
- 772
- 317
- Trade Payables
- 81
- 300
- Total Liabilities
- 1,485
- 629
- Capital Work in Progress
- 32
- 285
- 137
- 0
- Cash & Bank
- 196
- 207
- Total Assets
- 1,485
- Total Debt
- 549
- Net Working Capital
- 296
- Contingent Liabilities
- 33
- Book Value per Share
- 516.90
- Face Value
- 10.00
- Total Debt
- 549
- Net Working Capital
- 296
- Contingent Liabilities
- 33
- Book Value per Share
- 516.90
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 15
- 823
- 285
- Trade Payables
- 91
- 447
- Total Liabilities
- 1,661
- 685
- Capital Work in Progress
- 7
- 275
- 230
- 52
- Cash & Bank
- 235
- 178
- Total Assets
- 1,661
- Total Debt
- 567
- Net Working Capital
- 312
- Contingent Liabilities
- 23
- Book Value per Share
- 550.37
- Face Value
- 10.00
- Total Debt
- 567
- Net Working Capital
- 312
- Contingent Liabilities
- 23
- Book Value per Share
- 550.37
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 15
- 842
- 264
- Trade Payables
- 113
- 516
- Total Liabilities
- 1,749
- 784
- Capital Work in Progress
- 7
- 268
- 172
- 65
- Cash & Bank
- 192
- 260
- Total Assets
- 1,749
- Total Debt
- 624
- Net Working Capital
- 355
- Contingent Liabilities
- 158
- Book Value per Share
- 562.72
- Face Value
- 10.00
- Total Debt
- 624
- Net Working Capital
- 355
- Contingent Liabilities
- 158
- Book Value per Share
- 562.72
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 15
- 905
- 383
- Trade Payables
- 145
- 633
- Total Liabilities
- 2,082
- 813
- Capital Work in Progress
- 162
- 276
- 173
- 61
- Cash & Bank
- 195
- 403
- Total Assets
- 2,082
- Total Debt
- 792
- Net Working Capital
- 319
- Contingent Liabilities
- 18
- Book Value per Share
- 604.69
- Face Value
- 10.00
- Total Debt
- 792
- Net Working Capital
- 319
- Contingent Liabilities
- 18
- Book Value per Share
- 604.69
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 29 | 3 | 69 | 28 | 33 | 97 | 131 | 90 | 130 | 95 | |
| Cash from Investing | 21 | -101 | -120 | -30 | -142 | -73 | -284 | -83 | -113 | -198 |
| Cash from Financing | -52 | 49 | -53 | -4 | 94 | 99 | 11 | 34 | 19 | 50 |
| -2 | -50 | -103 | -6 | -15 | 124 | -142 | 40 | 37 | -52 | |
| Free Cash Flow | 14 | -83 | -14 | -22 | -82 | 11 | 33 | 39 | -13 | -131 |
| OCF / Net Profit | 1.32 | 0.18 | 10.13 | -2.79 | 1.28 | 2.01 | 4.61 | 1.67 | 9.31 | 1.66 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -186 | -189 | -73 | -21 | -12 | -62 |
| OCF / Net Profit | 1.32 | 0.18 | 10.13 | -2.79 | 1.28 | 2.01 | 4.61 | 1.67 | 9.31 | 1.66 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -186 | -189 | -73 | -21 | -12 | -62 |
Mar 2017
- 29
- Cash from Investing
- 21
- Cash from Financing
- -52
- -2
- Free Cash Flow
- 14
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 0
Mar 2018
- 3
- Cash from Investing
- -101
- Cash from Financing
- 49
- -50
- Free Cash Flow
- -83
- OCF / Net Profit
- 0.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.18
- Cumulative 5-Year FCF
- 0
Mar 2019
- 69
- Cash from Investing
- -120
- Cash from Financing
- -53
- -103
- Free Cash Flow
- -14
- OCF / Net Profit
- 10.13
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 10.13
- Cumulative 5-Year FCF
- 0
Mar 2020
- 28
- Cash from Investing
- -30
- Cash from Financing
- -4
- -6
- Free Cash Flow
- -22
- OCF / Net Profit
- -2.79
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.79
- Cumulative 5-Year FCF
- 0
Mar 2021
- 33
- Cash from Investing
- -142
- Cash from Financing
- 94
- -15
- Free Cash Flow
- -82
- OCF / Net Profit
- 1.28
- Cumulative 5-Year FCF
- -186
- OCF / Net Profit
- 1.28
- Cumulative 5-Year FCF
- -186
Mar 2022
- 97
- Cash from Investing
- -73
- Cash from Financing
- 99
- 124
- Free Cash Flow
- 11
- OCF / Net Profit
- 2.01
- Cumulative 5-Year FCF
- -189
- OCF / Net Profit
- 2.01
- Cumulative 5-Year FCF
- -189
Mar 2023
- 131
- Cash from Investing
- -284
- Cash from Financing
- 11
- -142
- Free Cash Flow
- 33
- OCF / Net Profit
- 4.61
- Cumulative 5-Year FCF
- -73
- OCF / Net Profit
- 4.61
- Cumulative 5-Year FCF
- -73
Mar 2024
- 90
- Cash from Investing
- -83
- Cash from Financing
- 34
- 40
- Free Cash Flow
- 39
- OCF / Net Profit
- 1.67
- Cumulative 5-Year FCF
- -21
- OCF / Net Profit
- 1.67
- Cumulative 5-Year FCF
- -21
Mar 2025
- 130
- Cash from Investing
- -113
- Cash from Financing
- 19
- 37
- Free Cash Flow
- -13
- OCF / Net Profit
- 9.31
- Cumulative 5-Year FCF
- -12
- OCF / Net Profit
- 9.31
- Cumulative 5-Year FCF
- -12
Mar 2026
- 95
- Cash from Investing
- -198
- Cash from Financing
- 50
- -52
- Free Cash Flow
- -131
- OCF / Net Profit
- 1.66
- Cumulative 5-Year FCF
- -62
- OCF / Net Profit
- 1.66
- Cumulative 5-Year FCF
- -62
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 21.40 | 15.72 | 6.76 | -6.71 | 17.21 | 21.38 | 3.66 | 40.88 | 8.31 | 36.40 |
| Book Value (₹) | 688.98 | 703.45 | 714.63 | 472.13 | 487.43 | 509.23 | 516.90 | 550.37 | 562.72 | 604.69 |
| Dividend per Share (₹) | 4.00 | 4.00 | 2.50 | 2.00 | 3.00 | 3.00 | 1.20 | 4.00 | 3.00 | 3.50 |
| Cash EPS (₹) | 26.37 | 25.84 | 21.65 | 12.99 | 35.74 | 49.96 | 36.19 | 62.90 | 37.70 | 70.15 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 23.82% | 20.58% | 22.61% | 21.93% | 31.80% | 28.68% | 34.96% | 34.59% | 15.58% | 23.04% |
| Net Margin % | 8.76% | 5.36% | 3.00% | -4.03% | 10.31% | 13.60% | 11.61% | 22.04% | 2.25% | 8.76% |
| ROE % | 3.15% | 2.26% | 0.95% | -1.41% | 3.58% | 6.38% | 3.67% | 6.62% | 1.66% | 6.51% |
| ROCE % | 4.99% | 4.36% | 2.81% | 1.10% | 4.46% | 6.38% | 4.65% | 8.13% | 6.99% | 8.59% |
| 2.44% | 1.68% | 0.69% | -1.00% | 2.33% | 3.72% | 1.98% | 3.40% | 0.82% | 3.01% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 105 | 80 | 79 | 68 | 87 | 79 | 114 | 90 | 34 | 35 |
| Inventory Days | 78 | 82 | 101 | 93 | 99 | 118 | 222 | 276 | 118 | 96 |
| Payable Days | 145 | 122 | 175 | 156 | 174 | 199 | 317 | 389 | 98 | 133 |
| 39 | 40 | 4 | 4 | 12 | -2 | 19 | -23 | 54 | -3 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.16x | 0.29x | 0.27x | 0.31x | 0.48x | 0.59x | 0.70x | 0.68x | 0.73x | 0.86x |
| Interest Coverage (x) | 4.22x | 3.67x | 1.68x | 0.59x | 2.55x | 3.25x | 2.01x | 2.18x | 1.76x | 2.23x |
| 3.46x | 2.39x | 2.19x | 1.87x | 2.05x | 1.68x | 1.67x | 1.56x | 1.69x | 1.49x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -12.63% | 22.04% | -22.69% | 10.79% | 0.13% | 40.28% | -30.64% | -1.19% | 156.06% | 5.70% |
| Operating Profit Growth % | 7.54% | 3.64% | -15.55% | 7.46% | 45.19% | 26.48% | -15.44% | 40.31% | 19.33% | 30.36% |
| Net Profit Growth % | 30.66% | -26.54% | -57.02% | -248.91% | 356.04% | 85.02% | -40.77% | 87.56% | -73.88% | 311.96% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1017.60% | -79.67% | 337.96% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.34x | 65.26x | 13.74x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.73x | 0.96x | 0.83x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.42% | 0.55% | 0.70% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 14.76x | 8.72x | 7.23x |
Mar 2017
- EPS (₹)
- 21.40
- Book Value (₹)
- 688.98
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 26.37
- Operating Margin %
- 23.82%
- Net Margin %
- 8.76%
- ROE %
- 3.15%
- ROCE %
- 4.99%
- 2.44%
- Debtor Days
- 105
- Inventory Days
- 78
- Payable Days
- 145
- 39
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 4.22x
- 3.46x
- Revenue Growth %
- -12.63%
- Operating Profit Growth %
- 7.54%
- Net Profit Growth %
- 30.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 15.72
- Book Value (₹)
- 703.45
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 25.84
- Operating Margin %
- 20.58%
- Net Margin %
- 5.36%
- ROE %
- 2.26%
- ROCE %
- 4.36%
- 1.68%
- Debtor Days
- 80
- Inventory Days
- 82
- Payable Days
- 122
- 40
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 3.67x
- 2.39x
- Revenue Growth %
- 22.04%
- Operating Profit Growth %
- 3.64%
- Net Profit Growth %
- -26.54%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 6.76
- Book Value (₹)
- 714.63
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 21.65
- Operating Margin %
- 22.61%
- Net Margin %
- 3.00%
- ROE %
- 0.95%
- ROCE %
- 2.81%
- 0.69%
- Debtor Days
- 79
- Inventory Days
- 101
- Payable Days
- 175
- 4
- Debt to Equity (x)
- 0.27x
- Interest Coverage (x)
- 1.68x
- 2.19x
- Revenue Growth %
- -22.69%
- Operating Profit Growth %
- -15.55%
- Net Profit Growth %
- -57.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -6.71
- Book Value (₹)
- 472.13
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 12.99
- Operating Margin %
- 21.93%
- Net Margin %
- -4.03%
- ROE %
- -1.41%
- ROCE %
- 1.10%
- -1.00%
- Debtor Days
- 68
- Inventory Days
- 93
- Payable Days
- 156
- 4
- Debt to Equity (x)
- 0.31x
- Interest Coverage (x)
- 0.59x
- 1.87x
- Revenue Growth %
- 10.79%
- Operating Profit Growth %
- 7.46%
- Net Profit Growth %
- -248.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 17.21
- Book Value (₹)
- 487.43
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 35.74
- Operating Margin %
- 31.80%
- Net Margin %
- 10.31%
- ROE %
- 3.58%
- ROCE %
- 4.46%
- 2.33%
- Debtor Days
- 87
- Inventory Days
- 99
- Payable Days
- 174
- 12
- Debt to Equity (x)
- 0.48x
- Interest Coverage (x)
- 2.55x
- 2.05x
- Revenue Growth %
- 0.13%
- Operating Profit Growth %
- 45.19%
- Net Profit Growth %
- 356.04%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 21.38
- Book Value (₹)
- 509.23
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 49.96
- Operating Margin %
- 28.68%
- Net Margin %
- 13.60%
- ROE %
- 6.38%
- ROCE %
- 6.38%
- 3.72%
- Debtor Days
- 79
- Inventory Days
- 118
- Payable Days
- 199
- -2
- Debt to Equity (x)
- 0.59x
- Interest Coverage (x)
- 3.25x
- 1.68x
- Revenue Growth %
- 40.28%
- Operating Profit Growth %
- 26.48%
- Net Profit Growth %
- 85.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 3.66
- Book Value (₹)
- 516.90
- Dividend per Share (₹)
- 1.20
- Cash EPS (₹)
- 36.19
- Operating Margin %
- 34.96%
- Net Margin %
- 11.61%
- ROE %
- 3.67%
- ROCE %
- 4.65%
- 1.98%
- Debtor Days
- 114
- Inventory Days
- 222
- Payable Days
- 317
- 19
- Debt to Equity (x)
- 0.70x
- Interest Coverage (x)
- 2.01x
- 1.67x
- Revenue Growth %
- -30.64%
- Operating Profit Growth %
- -15.44%
- Net Profit Growth %
- -40.77%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 40.88
- Book Value (₹)
- 550.37
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 62.90
- Operating Margin %
- 34.59%
- Net Margin %
- 22.04%
- ROE %
- 6.62%
- ROCE %
- 8.13%
- 3.40%
- Debtor Days
- 90
- Inventory Days
- 276
- Payable Days
- 389
- -23
- Debt to Equity (x)
- 0.68x
- Interest Coverage (x)
- 2.18x
- 1.56x
- Revenue Growth %
- -1.19%
- Operating Profit Growth %
- 40.31%
- Net Profit Growth %
- 87.56%
- 1017.60%
- P/E (x)
- 23.34x
- P/B (x)
- 1.73x
- Dividend Yield %
- 0.42%
- 14.76x
Mar 2025
- EPS (₹)
- 8.31
- Book Value (₹)
- 562.72
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 37.70
- Operating Margin %
- 15.58%
- Net Margin %
- 2.25%
- ROE %
- 1.66%
- ROCE %
- 6.99%
- 0.82%
- Debtor Days
- 34
- Inventory Days
- 118
- Payable Days
- 98
- 54
- Debt to Equity (x)
- 0.73x
- Interest Coverage (x)
- 1.76x
- 1.69x
- Revenue Growth %
- 156.06%
- Operating Profit Growth %
- 19.33%
- Net Profit Growth %
- -73.88%
- -79.67%
- P/E (x)
- 65.26x
- P/B (x)
- 0.96x
- Dividend Yield %
- 0.55%
- 8.72x
Mar 2026
- EPS (₹)
- 36.40
- Book Value (₹)
- 604.69
- Dividend per Share (₹)
- 3.50
- Cash EPS (₹)
- 70.15
- Operating Margin %
- 23.04%
- Net Margin %
- 8.76%
- ROE %
- 6.51%
- ROCE %
- 8.59%
- 3.01%
- Debtor Days
- 35
- Inventory Days
- 96
- Payable Days
- 133
- -3
- Debt to Equity (x)
- 0.86x
- Interest Coverage (x)
- 2.23x
- 1.49x
- Revenue Growth %
- 5.70%
- Operating Profit Growth %
- 30.36%
- Net Profit Growth %
- 311.96%
- 337.96%
- P/E (x)
- 13.74x
- P/B (x)
- 0.83x
- Dividend Yield %
- 0.70%
- 7.23x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-14 - SWELECT Energy Systems Limited has informed the Exchange about Copy of Newspaper Publication of the Unaudited Financial Results of the Company for the Quarter ended 30.06.2026
- Press Release
2026-08-13 - SWELECT Energy Systems Limited has informed the Exchange regarding a press release dated August 13, 2026, titled "SWELECT Reports Q1 FY27 Consolidated PAT of INR 765.33 Lakhs".
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.