Swelect Energy Systems Ltd.
•2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Solar Power Generating Systems & Accessories: 84.3% • Sale of Power: 11.3% • Annual Maintenance Contracts: 2.9% • Solar Photovoltaic Panels: 1.1% • Solar Energy Systems / Services: 0.5%
PROS
- Latest quarter profit grew 362.3% YoY, showing strong momentum
- Company has delivered good sales growth of 15.3% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.03x)
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
CONS
- A large part of profit comes from other income (119.9% of PBT)
- Company has a low return on equity of 3.4% over last 3 years
- Company has a low return on capital employed of 6.4%
- Interest coverage is weak at 1.9x - earnings barely cover interest
- Operating margins have contracted to 11.8% from 31.6%
- Company has delivered a poor profit growth of -4.3% over past five years
* 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 | 1443.00 | 75.59 | 27825.44 | 0.10 | 105.69 | 111.72 | 1588.62 | 68.29 | 17.70 | 10.17 |
| 2. | KAYNES | 3823.00 | 74.13 | 25627.35 | 0.00 | 56.43 | -24.37 | 946.02 | 40.47 | 13.38 | 15.60 |
| 3. | AVALON | 2242.60 | 112.15 | 14983.20 | 0.00 | 34.87 | 145.31 | 484.41 | 49.83 | 14.12 | 11.96 |
| 4. | UTLSOLAR | 481.20 | 0.00 | 14654.56 | 0.00 | 577.94 | — | 13456.93 | — | 40.63 | 18.94 |
| 5. | VIKRAMSOLR | 171.90 | 17.46 | 6228.87 | 0.00 | 19.78 | -85.17 | 1563.09 | 37.89 | 34.07 | 8.06 |
| 6. | CYIENTDLM | 731.15 | 70.69 | 5804.11 | 0.00 | 16.29 | 118.21 | 373.80 | 34.25 | 10.41 | 9.93 |
| 7. | CENTUM | 3449.60 | 102.62 | 5092.31 | 0.14 | 10.55 | 135.70 | 204.15 | -22.53 | 26.02 | 11.54 |
| 8. | SAATVIKGL | 400.45 | 20.52 | 5089.92 | 0.00 | 5.36 | -95.49 | 511.01 | -44.20 | 55.18 | 6.62 |
| 9. | WEBELSOLAR | 83.04 | 11.90 | 3605.29 | 0.30 | 777.90 | 1511.56 | 3726.00 | 2053.88 | 59.38 | 33.70 |
| 10. | KERNEX | 1836.85 | 16.18 | 3086.57 | 0.00 | 109.85 | 1382.00 | 503.58 | 800.38 | 23.69 | 32.33 |
| 11. | MODINSULAT | 461.55 | 23.11 | 2175.93 | 0.00 | 29.60 | 94.43 | 188.30 | 33.19 | 10.53 | 16.89 |
| 12. | SWELECTES | 610.30 | 22.19 | 925.14 | 0.57 | 7.65 | -63.80 | 130.77 | -26.21 | 8.59 | 21.71 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 69 | 20 | 115 | 44 | 66 | 146 | 108 | 111 | 66 | 95 | 67 | 149 | 119 | |
| 57 | 15 | 100 | 38 | 60 | 135 | 97 | 107 | 60 | 83 | 59 | 130 | 109 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 14 | 9 | 9 | 12 | 12 | 12 | 10 | 17 | 11 | 9 | 9 | 7 | 11 |
| Interest | 8 | 8 | 8 | 10 | 8 | 8 | 9 | 8 | 8 | 7 | 8 | 9 | 9 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 |
| 15 | 2 | 12 | 22 | 7 | 11 | 10 | 8 | 5 | 9 | 3 | 13 | 22 | |
| Tax % | 1.90% | 2.51% | -0.08% | -1.21% | 0.00% | 60.33% | 130.95% | 105.22% | 20.00% | 30.21% | 46.05% | 38.74% | 16.07% |
| Net Profit | 14 | 2 | 12 | 23 | 7 | 5 | -3 | -0 | 4 | 6 | 2 | 8 | 19 |
| 10 | 2 | 8 | 15 | 5 | 3 | -2 | -0 | 3 | 4 | 1 | 5 | 1 | |
| 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% |
- 69
- 57
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 8
- Depreciation
- 4
- 15
- Tax %
- 1.90%
- Net Profit
- 14
- 10
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 20
- 15
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 8
- Depreciation
- 4
- 2
- Tax %
- 2.51%
- Net Profit
- 2
- 2
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 115
- 100
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 8
- Depreciation
- 4
- 12
- Tax %
- -0.08%
- Net Profit
- 12
- 8
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 44
- 38
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 10
- Depreciation
- 4
- 22
- Tax %
- -1.21%
- Net Profit
- 23
- 15
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 66
- 60
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 8
- Depreciation
- 4
- 7
- Tax %
- 0.00%
- Net Profit
- 7
- 5
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 146
- 135
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 8
- Depreciation
- 4
- 11
- Tax %
- 60.33%
- Net Profit
- 5
- 3
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 108
- 97
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 9
- Depreciation
- 4
- 10
- Tax %
- 130.95%
- Net Profit
- -3
- -2
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 111
- 107
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 8
- Depreciation
- 4
- 8
- Tax %
- 105.22%
- Net Profit
- -0
- -0
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 66
- 60
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 8
- Depreciation
- 4
- 5
- Tax %
- 20.00%
- Net Profit
- 4
- 3
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 95
- 83
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 7
- Depreciation
- 4
- 9
- Tax %
- 30.21%
- Net Profit
- 6
- 4
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 67
- 59
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 8
- Depreciation
- 4
- 3
- Tax %
- 46.05%
- Net Profit
- 2
- 1
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 149
- 130
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 9
- Depreciation
- 4
- 13
- Tax %
- 38.74%
- Net Profit
- 8
- 5
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 119
- 109
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 9
- Depreciation
- 5
- 22
- Tax %
- 16.07%
- Net Profit
- 19
- 1
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 170 | 174 | 120 | 142 | 185 | 225 | 229 | 249 | 431 | 376 | 430 | |
| 162 | 162 | 118 | 137 | 158 | 173 | 189 | 210 | 398 | 332 | 380 | |
| Operating Profit | 54 | 50 | 37 | 37 | 59 | 82 | 72 | 84 | 84 | 80 | — |
| OPM % | 32 | 29 | 31 | 26 | 32 | 36 | 32 | 34 | 20 | 21 | — |
| Other Income | 46 | 38 | 35 | 32 | 33 | 31 | 32 | 45 | 51 | 35 | 36 |
| Interest | 5 | 6 | 7 | 10 | 12 | 19 | 25 | 34 | 33 | 32 | 34 |
| Depreciation | 10 | 13 | 14 | 17 | 15 | 14 | 14 | 15 | 15 | 17 | 18 |
| 38 | 31 | 15 | -14 | 24 | 50 | 33 | 52 | 36 | 30 | 47 | |
| Tax % | 24 | 24 | 28 | -18 | 0 | 0 | 1 | 0 | 76 | 34 | 27 |
| Net Profit | 29 | 23 | 11 | -17 | 24 | 50 | 33 | 52 | 9 | 20 | 34 |
| EPS | 0 | 0 | 0 | 0 | 16 | 22 | 6 | 34 | 6 | 13 | — |
| Dividend Payout % | 14 | 17 | 23 | -18 | 19 | 9 | 6 | 12 | 53 | 27 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 19 | 15 | 7 | -11 | 16 | 33 | 22 | 34 | 6 | 13 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 19 | 15 | 7 | -11 | 16 | 33 | 22 | 34 | 6 | 13 | — |
- 170
- 162
- Operating Profit
- 54
- OPM %
- 32
- Other Income
- 46
- Interest
- 5
- Depreciation
- 10
- 38
- Tax %
- 24
- Net Profit
- 29
- EPS
- 0
- Dividend Payout %
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
- 174
- 162
- Operating Profit
- 50
- OPM %
- 29
- Other Income
- 38
- Interest
- 6
- Depreciation
- 13
- 31
- Tax %
- 24
- Net Profit
- 23
- EPS
- 0
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- 120
- 118
- Operating Profit
- 37
- OPM %
- 31
- Other Income
- 35
- Interest
- 7
- Depreciation
- 14
- 15
- Tax %
- 28
- Net Profit
- 11
- EPS
- 0
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- 142
- 137
- Operating Profit
- 37
- OPM %
- 26
- Other Income
- 32
- Interest
- 10
- Depreciation
- 17
- -14
- Tax %
- -18
- Net Profit
- -17
- EPS
- 0
- Dividend Payout %
- -18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -11
- 185
- 158
- Operating Profit
- 59
- OPM %
- 32
- Other Income
- 33
- Interest
- 12
- Depreciation
- 15
- 24
- Tax %
- 0
- Net Profit
- 24
- EPS
- 16
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
- 225
- 173
- Operating Profit
- 82
- OPM %
- 36
- Other Income
- 31
- Interest
- 19
- Depreciation
- 14
- 50
- Tax %
- 0
- Net Profit
- 50
- EPS
- 22
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 33
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 33
- 229
- 189
- Operating Profit
- 72
- OPM %
- 32
- Other Income
- 32
- Interest
- 25
- Depreciation
- 14
- 33
- Tax %
- 1
- Net Profit
- 33
- EPS
- 6
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
- 249
- 210
- Operating Profit
- 84
- OPM %
- 34
- Other Income
- 45
- Interest
- 34
- Depreciation
- 15
- 52
- Tax %
- 0
- Net Profit
- 52
- EPS
- 34
- Dividend Payout %
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
- 431
- 398
- Operating Profit
- 84
- OPM %
- 20
- Other Income
- 51
- Interest
- 33
- Depreciation
- 15
- 36
- Tax %
- 76
- Net Profit
- 9
- EPS
- 6
- Dividend Payout %
- 53
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- 376
- 332
- Operating Profit
- 80
- OPM %
- 21
- Other Income
- 35
- Interest
- 32
- Depreciation
- 17
- 30
- Tax %
- 34
- Net Profit
- 20
- EPS
- 13
- Dividend Payout %
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- 430
- 380
- Operating Profit
- —
- OPM %
- —
- Other Income
- 36
- Interest
- 34
- Depreciation
- 18
- 47
- Tax %
- 27
- Net Profit
- 34
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 9%
- 5 Years:
- 15%
- 3 Years:
- 18%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 5%
- 5 Years:
- -4%
- 3 Years:
- -16%
STOCK PRICE CAGR
- 10 Years:
- 9%
- 5 Years:
- 23%
- 3 Years:
- 2%
- 1 Year:
- -20%
RETURN ON EQUITY
- 10 Years:
- 3%
- 5 Years:
- 4%
- 3 Years:
- 3%
- Last Year:
- 2%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 645 | 663 | 669 | 643 | 666 | 695 | 720 | 772 | 774 | 789 | |
| 39 | 68 | 85 | 89 | 141 | 175 | 257 | 226 | 146 | 275 | |
| Trade Payables | 72 | 76 | 76 | 78 | 82 | 176 | 34 | 64 | 53 | 104 |
| 39 | 30 | 28 | 80 | 153 | 134 | 173 | 245 | 251 | 283 | |
| Total Liabilities | 805 | 847 | 868 | 904 | 1,056 | 1,195 | 1,199 | 1,321 | 1,240 | 1,466 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 129 | 136 | 190 | 219 | 254 | 247 | 229 | 243 | 255 | 300 | |
| Capital Work in Progress | 0 | 1 | 1 | 0 | 3 | 1 | 2 | 0 | 7 | 77 |
| 404 | 418 | 426 | 387 | 435 | 474 | 523 | 459 | 495 | 572 | |
| 48 | 57 | 45 | 54 | 49 | 138 | 59 | 159 | 56 | 41 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100 | 140 | 110 | |
| Cash & Bank | 74 | 78 | 63 | 39 | 6 | 35 | 100 | 130 | 65 | 81 |
| 151 | 156 | 142 | 205 | 310 | 301 | 286 | 229 | 223 | 286 | |
| Total Assets | 805 | 847 | 868 | 904 | 1,056 | 1,195 | 1,199 | 1,321 | 1,240 | 1,466 |
| Total Debt | 65 | 84 | 93 | 122 | 273 | 289 | 365 | 356 | 307 | 437 |
| Net Working Capital | 391 | 290 | 299 | 262 | 343 | 193 | 190 | 320 | 400 | 294 |
| Contingent Liabilities | 23 | 46 | 28 | 37 | 37 | 35 | 33 | 23 | 21 | 18 |
| Book Value per Share | 648.15 | 666.16 | 672.40 | 433.94 | 449.22 | 468.65 | 485.13 | 519.05 | 520.79 | 530.19 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 65 | 84 | 93 | 122 | 273 | 289 | 365 | 356 | 307 | 437 |
| Net Working Capital | 391 | 290 | 299 | 262 | 343 | 193 | 190 | 320 | 400 | 294 |
| Contingent Liabilities | 23 | 46 | 28 | 37 | 37 | 35 | 33 | 23 | 21 | 18 |
| Book Value per Share | 648.15 | 666.16 | 672.40 | 433.94 | 449.22 | 468.65 | 485.13 | 519.05 | 520.79 | 530.19 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
- Equity Capital
- 10
- 645
- 39
- Trade Payables
- 72
- 39
- Total Liabilities
- 805
- 129
- Capital Work in Progress
- 0
- 404
- 48
- 0
- Cash & Bank
- 74
- 151
- Total Assets
- 805
- Total Debt
- 65
- Net Working Capital
- 391
- Contingent Liabilities
- 23
- Book Value per Share
- 648.15
- Face Value
- 10.00
- Total Debt
- 65
- Net Working Capital
- 391
- Contingent Liabilities
- 23
- Book Value per Share
- 648.15
- Face Value
- 10.00
- Equity Capital
- 10
- 663
- 68
- Trade Payables
- 76
- 30
- Total Liabilities
- 847
- 136
- Capital Work in Progress
- 1
- 418
- 57
- 0
- Cash & Bank
- 78
- 156
- Total Assets
- 847
- Total Debt
- 84
- Net Working Capital
- 290
- Contingent Liabilities
- 46
- Book Value per Share
- 666.16
- Face Value
- 10.00
- Total Debt
- 84
- Net Working Capital
- 290
- Contingent Liabilities
- 46
- Book Value per Share
- 666.16
- Face Value
- 10.00
- Equity Capital
- 10
- 669
- 85
- Trade Payables
- 76
- 28
- Total Liabilities
- 868
- 190
- Capital Work in Progress
- 1
- 426
- 45
- 0
- Cash & Bank
- 63
- 142
- Total Assets
- 868
- Total Debt
- 93
- Net Working Capital
- 299
- Contingent Liabilities
- 28
- Book Value per Share
- 672.40
- Face Value
- 10.00
- Total Debt
- 93
- Net Working Capital
- 299
- Contingent Liabilities
- 28
- Book Value per Share
- 672.40
- Face Value
- 10.00
- Equity Capital
- 15
- 643
- 89
- Trade Payables
- 78
- 80
- Total Liabilities
- 904
- 219
- Capital Work in Progress
- 0
- 387
- 54
- 0
- Cash & Bank
- 39
- 205
- Total Assets
- 904
- Total Debt
- 122
- Net Working Capital
- 262
- Contingent Liabilities
- 37
- Book Value per Share
- 433.94
- Face Value
- 10.00
- Total Debt
- 122
- Net Working Capital
- 262
- Contingent Liabilities
- 37
- Book Value per Share
- 433.94
- Face Value
- 10.00
- Equity Capital
- 15
- 666
- 141
- Trade Payables
- 82
- 153
- Total Liabilities
- 1,056
- 254
- Capital Work in Progress
- 3
- 435
- 49
- 0
- Cash & Bank
- 6
- 310
- Total Assets
- 1,056
- Total Debt
- 273
- Net Working Capital
- 343
- Contingent Liabilities
- 37
- Book Value per Share
- 449.22
- Face Value
- 10.00
- Total Debt
- 273
- Net Working Capital
- 343
- Contingent Liabilities
- 37
- Book Value per Share
- 449.22
- Face Value
- 10.00
- Equity Capital
- 15
- 695
- 175
- Trade Payables
- 176
- 134
- Total Liabilities
- 1,195
- 247
- Capital Work in Progress
- 1
- 474
- 138
- 0
- Cash & Bank
- 35
- 301
- Total Assets
- 1,195
- Total Debt
- 289
- Net Working Capital
- 193
- Contingent Liabilities
- 35
- Book Value per Share
- 468.65
- Face Value
- 10.00
- Total Debt
- 289
- Net Working Capital
- 193
- Contingent Liabilities
- 35
- Book Value per Share
- 468.65
- Face Value
- 10.00
- Equity Capital
- 15
- 720
- 257
- Trade Payables
- 34
- 173
- Total Liabilities
- 1,199
- 229
- Capital Work in Progress
- 2
- 523
- 59
- 0
- Cash & Bank
- 100
- 286
- Total Assets
- 1,199
- Total Debt
- 365
- Net Working Capital
- 190
- Contingent Liabilities
- 33
- Book Value per Share
- 485.13
- Face Value
- 10.00
- Total Debt
- 365
- Net Working Capital
- 190
- Contingent Liabilities
- 33
- Book Value per Share
- 485.13
- Face Value
- 10.00
- Equity Capital
- 15
- 772
- 226
- Trade Payables
- 64
- 245
- Total Liabilities
- 1,321
- 243
- Capital Work in Progress
- 0
- 459
- 159
- 100
- Cash & Bank
- 130
- 229
- Total Assets
- 1,321
- Total Debt
- 356
- Net Working Capital
- 320
- Contingent Liabilities
- 23
- Book Value per Share
- 519.05
- Face Value
- 10.00
- Total Debt
- 356
- Net Working Capital
- 320
- Contingent Liabilities
- 23
- Book Value per Share
- 519.05
- Face Value
- 10.00
- Equity Capital
- 15
- 774
- 146
- Trade Payables
- 53
- 251
- Total Liabilities
- 1,240
- 255
- Capital Work in Progress
- 7
- 495
- 56
- 140
- Cash & Bank
- 65
- 223
- Total Assets
- 1,240
- Total Debt
- 307
- Net Working Capital
- 400
- Contingent Liabilities
- 21
- Book Value per Share
- 520.79
- Face Value
- 10.00
- Total Debt
- 307
- Net Working Capital
- 400
- Contingent Liabilities
- 21
- Book Value per Share
- 520.79
- Face Value
- 10.00
- Equity Capital
- 15
- 789
- 275
- Trade Payables
- 104
- 283
- Total Liabilities
- 1,466
- 300
- Capital Work in Progress
- 77
- 572
- 41
- 110
- Cash & Bank
- 81
- 286
- Total Assets
- 1,466
- Total Debt
- 437
- Net Working Capital
- 294
- Contingent Liabilities
- 18
- Book Value per Share
- 530.19
- Face Value
- 10.00
- Total Debt
- 437
- Net Working Capital
- 294
- Contingent Liabilities
- 18
- Book Value per Share
- 530.19
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -30 | 2 | 25 | 7 | -21 | 86 | 9 | -24 | 31 | 75 | |
| Cash from Investing | 42 | -20 | -43 | -21 | -107 | -45 | -88 | 82 | 66 | -157 |
| Cash from Financing | -25 | -10 | -23 | 4 | 112 | 30 | -11 | -2 | -34 | 15 |
| -13 | -29 | -41 | -9 | -16 | 71 | -90 | 56 | 64 | -67 | |
| Free Cash Flow | -39 | -19 | -43 | -32 | -73 | 80 | 9 | -67 | -0 | -56 |
| OCF / Net Profit | -1.03 | 0.08 | 2.22 | -0.45 | -0.86 | 1.73 | 0.28 | -0.46 | 3.59 | 3.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -205 | -87 | -58 | -82 | -51 | -34 |
| OCF / Net Profit | -1.03 | 0.08 | 2.22 | -0.45 | -0.86 | 1.73 | 0.28 | -0.46 | 3.59 | 3.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -205 | -87 | -58 | -82 | -51 | -34 |
- -30
- Cash from Investing
- 42
- Cash from Financing
- -25
- -13
- Free Cash Flow
- -39
- OCF / Net Profit
- -1.03
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.03
- Cumulative 5-Year FCF
- 0
- 2
- Cash from Investing
- -20
- Cash from Financing
- -10
- -29
- Free Cash Flow
- -19
- OCF / Net Profit
- 0.08
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.08
- Cumulative 5-Year FCF
- 0
- 25
- Cash from Investing
- -43
- Cash from Financing
- -23
- -41
- Free Cash Flow
- -43
- OCF / Net Profit
- 2.22
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.22
- Cumulative 5-Year FCF
- 0
- 7
- Cash from Investing
- -21
- Cash from Financing
- 4
- -9
- Free Cash Flow
- -32
- OCF / Net Profit
- -0.45
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.45
- Cumulative 5-Year FCF
- 0
- -21
- Cash from Investing
- -107
- Cash from Financing
- 112
- -16
- Free Cash Flow
- -73
- OCF / Net Profit
- -0.86
- Cumulative 5-Year FCF
- -205
- OCF / Net Profit
- -0.86
- Cumulative 5-Year FCF
- -205
- 86
- Cash from Investing
- -45
- Cash from Financing
- 30
- 71
- Free Cash Flow
- 80
- OCF / Net Profit
- 1.73
- Cumulative 5-Year FCF
- -87
- OCF / Net Profit
- 1.73
- Cumulative 5-Year FCF
- -87
- 9
- Cash from Investing
- -88
- Cash from Financing
- -11
- -90
- Free Cash Flow
- 9
- OCF / Net Profit
- 0.28
- Cumulative 5-Year FCF
- -58
- OCF / Net Profit
- 0.28
- Cumulative 5-Year FCF
- -58
- -24
- Cash from Investing
- 82
- Cash from Financing
- -2
- 56
- Free Cash Flow
- -67
- OCF / Net Profit
- -0.46
- Cumulative 5-Year FCF
- -82
- OCF / Net Profit
- -0.46
- Cumulative 5-Year FCF
- -82
- 31
- Cash from Investing
- 66
- Cash from Financing
- -34
- 64
- Free Cash Flow
- -0
- OCF / Net Profit
- 3.59
- Cumulative 5-Year FCF
- -51
- OCF / Net Profit
- 3.59
- Cumulative 5-Year FCF
- -51
- 75
- Cash from Investing
- -157
- Cash from Financing
- 15
- -67
- Free Cash Flow
- -56
- OCF / Net Profit
- 3.85
- Cumulative 5-Year FCF
- -34
- OCF / Net Profit
- 3.85
- Cumulative 5-Year FCF
- -34
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 29.07 | 23.22 | 10.94 | -11.04 | 16.04 | 32.68 | 21.54 | 34.13 | 5.66 | 12.91 |
| Book Value (₹) | 648.15 | 666.16 | 672.40 | 433.94 | 449.22 | 468.65 | 485.13 | 519.05 | 520.79 | 530.19 |
| 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 (₹) | 26.07 | 24.34 | 16.63 | -0.09 | 26.25 | 41.61 | 30.69 | 44.03 | 15.74 | 23.96 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 31.66% | 28.82% | 30.62% | 26.02% | 32.08% | 36.34% | 31.55% | 15.63% | 7.67% | 11.85% |
| Net Margin % | 17.27% | 13.50% | 9.22% | -11.78% | 13.17% | 22.06% | 14.26% | 20.79% | 1.99% | 5.20% |
| ROE % | 4.58% | 3.53% | 1.63% | -2.50% | 3.63% | 7.12% | 4.52% | 6.80% | 1.09% | 2.46% |
| ROCE % | 6.21% | 4.96% | 2.99% | -0.56% | 4.25% | 6.97% | 5.56% | 7.63% | 6.18% | 5.24% |
| 3.77% | 2.84% | 1.29% | -1.89% | 2.48% | 4.40% | 2.73% | 4.11% | 0.67% | 1.45% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 111 | 95 | 75 | 63 | 105 | 109 | 104 | 126 | 101 | 121 |
| Inventory Days | 86 | 110 | 156 | 128 | 102 | 152 | 157 | 160 | 91 | 47 |
| Payable Days | 196 | 214 | 392 | 349 | 253 | 378 | 282 | 116 | 73 | 124 |
| 1 | -9 | -161 | -158 | -46 | -117 | -21 | 171 | 120 | 44 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.10x | 0.13x | 0.14x | 0.19x | 0.40x | 0.41x | 0.50x | 0.45x | 0.39x | 0.54x |
| Interest Coverage (x) | 8.25x | 6.32x | 3.07x | -0.44x | 2.95x | 3.67x | 2.30x | 2.53x | 2.11x | 1.93x |
| 4.10x | 2.82x | 2.70x | 2.26x | 2.47x | 1.53x | 1.54x | 1.74x | 2.42x | 1.68x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 4.35% | 2.43% | -31.02% | 18.52% | 29.92% | 21.69% | 1.94% | 8.70% | 73.35% | -12.80% |
| Operating Profit Growth % | 26.73% | -6.94% | -26.75% | 0.70% | 60.15% | 37.86% | -11.49% | 15.91% | 0.93% | -5.36% |
| Net Profit Growth % | 144.60% | -20.11% | -52.90% | -251.37% | 245.30% | 103.79% | -34.10% | 58.47% | -83.42% | 128.11% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 58.47% | -83.42% | 128.11% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 27.95x | 95.85x | 38.74x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.84x | 1.04x | 0.94x |
| 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 | 19.98x | 12.59x | 13.93x |
- EPS (₹)
- 29.07
- Book Value (₹)
- 648.15
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 26.07
- Operating Margin %
- 31.66%
- Net Margin %
- 17.27%
- ROE %
- 4.58%
- ROCE %
- 6.21%
- 3.77%
- Debtor Days
- 111
- Inventory Days
- 86
- Payable Days
- 196
- 1
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 8.25x
- 4.10x
- Revenue Growth %
- 4.35%
- Operating Profit Growth %
- 26.73%
- Net Profit Growth %
- 144.60%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 23.22
- Book Value (₹)
- 666.16
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 24.34
- Operating Margin %
- 28.82%
- Net Margin %
- 13.50%
- ROE %
- 3.53%
- ROCE %
- 4.96%
- 2.84%
- Debtor Days
- 95
- Inventory Days
- 110
- Payable Days
- 214
- -9
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 6.32x
- 2.82x
- Revenue Growth %
- 2.43%
- Operating Profit Growth %
- -6.94%
- Net Profit Growth %
- -20.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 10.94
- Book Value (₹)
- 672.40
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 16.63
- Operating Margin %
- 30.62%
- Net Margin %
- 9.22%
- ROE %
- 1.63%
- ROCE %
- 2.99%
- 1.29%
- Debtor Days
- 75
- Inventory Days
- 156
- Payable Days
- 392
- -161
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- 3.07x
- 2.70x
- Revenue Growth %
- -31.02%
- Operating Profit Growth %
- -26.75%
- Net Profit Growth %
- -52.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- -11.04
- Book Value (₹)
- 433.94
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- -0.09
- Operating Margin %
- 26.02%
- Net Margin %
- -11.78%
- ROE %
- -2.50%
- ROCE %
- -0.56%
- -1.89%
- Debtor Days
- 63
- Inventory Days
- 128
- Payable Days
- 349
- -158
- Debt to Equity (x)
- 0.19x
- Interest Coverage (x)
- -0.44x
- 2.26x
- Revenue Growth %
- 18.52%
- Operating Profit Growth %
- 0.70%
- Net Profit Growth %
- -251.37%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 16.04
- Book Value (₹)
- 449.22
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 26.25
- Operating Margin %
- 32.08%
- Net Margin %
- 13.17%
- ROE %
- 3.63%
- ROCE %
- 4.25%
- 2.48%
- Debtor Days
- 105
- Inventory Days
- 102
- Payable Days
- 253
- -46
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 2.95x
- 2.47x
- Revenue Growth %
- 29.92%
- Operating Profit Growth %
- 60.15%
- Net Profit Growth %
- 245.30%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 32.68
- Book Value (₹)
- 468.65
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 41.61
- Operating Margin %
- 36.34%
- Net Margin %
- 22.06%
- ROE %
- 7.12%
- ROCE %
- 6.97%
- 4.40%
- Debtor Days
- 109
- Inventory Days
- 152
- Payable Days
- 378
- -117
- Debt to Equity (x)
- 0.41x
- Interest Coverage (x)
- 3.67x
- 1.53x
- Revenue Growth %
- 21.69%
- Operating Profit Growth %
- 37.86%
- Net Profit Growth %
- 103.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 21.54
- Book Value (₹)
- 485.13
- Dividend per Share (₹)
- 1.20
- Cash EPS (₹)
- 30.69
- Operating Margin %
- 31.55%
- Net Margin %
- 14.26%
- ROE %
- 4.52%
- ROCE %
- 5.56%
- 2.73%
- Debtor Days
- 104
- Inventory Days
- 157
- Payable Days
- 282
- -21
- Debt to Equity (x)
- 0.50x
- Interest Coverage (x)
- 2.30x
- 1.54x
- Revenue Growth %
- 1.94%
- Operating Profit Growth %
- -11.49%
- Net Profit Growth %
- -34.10%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 34.13
- Book Value (₹)
- 519.05
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 44.03
- Operating Margin %
- 15.63%
- Net Margin %
- 20.79%
- ROE %
- 6.80%
- ROCE %
- 7.63%
- 4.11%
- Debtor Days
- 126
- Inventory Days
- 160
- Payable Days
- 116
- 171
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 2.53x
- 1.74x
- Revenue Growth %
- 8.70%
- Operating Profit Growth %
- 15.91%
- Net Profit Growth %
- 58.47%
- 58.47%
- P/E (x)
- 27.95x
- P/B (x)
- 1.84x
- Dividend Yield %
- 0.42%
- 19.98x
- EPS (₹)
- 5.66
- Book Value (₹)
- 520.79
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 15.74
- Operating Margin %
- 7.67%
- Net Margin %
- 1.99%
- ROE %
- 1.09%
- ROCE %
- 6.18%
- 0.67%
- Debtor Days
- 101
- Inventory Days
- 91
- Payable Days
- 73
- 120
- Debt to Equity (x)
- 0.39x
- Interest Coverage (x)
- 2.11x
- 2.42x
- Revenue Growth %
- 73.35%
- Operating Profit Growth %
- 0.93%
- Net Profit Growth %
- -83.42%
- -83.42%
- P/E (x)
- 95.85x
- P/B (x)
- 1.04x
- Dividend Yield %
- 0.55%
- 12.59x
- EPS (₹)
- 12.91
- Book Value (₹)
- 530.19
- Dividend per Share (₹)
- 3.50
- Cash EPS (₹)
- 23.96
- Operating Margin %
- 11.85%
- Net Margin %
- 5.20%
- ROE %
- 2.46%
- ROCE %
- 5.24%
- 1.45%
- Debtor Days
- 121
- Inventory Days
- 47
- Payable Days
- 124
- 44
- Debt to Equity (x)
- 0.54x
- Interest Coverage (x)
- 1.93x
- 1.68x
- Revenue Growth %
- -12.80%
- Operating Profit Growth %
- -5.36%
- Net Profit Growth %
- 128.11%
- 128.11%
- P/E (x)
- 38.74x
- P/B (x)
- 0.94x
- Dividend Yield %
- 0.70%
- 13.93x
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.

