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Swelect Energy Systems Limited
(SWELECTES)
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Rating:50Neutral
Price Target:
₹541.00
▼(-12.57% Downside)
Action:Reiterated
Date:08/25/26
The score is held back primarily by weak cash conversion and sharply negative free cash flow alongside rising leverage, despite a meaningful rebound in profitability. Technicals also weigh on the score as price is below major moving averages with negative MACD, while valuation is only moderately supportive (P/E ~21 and low dividend yield).
Positive Factors
Profitability Rebound
The sharp earnings rebound shows materially stronger profitability in the latest annual period. If sustained, higher earnings can improve internal funding capacity, support investment in solar capabilities, and provide greater resilience across the company’s product and project businesses.
Negative Factors
Weak Cash Conversion
Deeply negative free cash flow despite positive earnings indicates that reported profitability is not currently translating into deployable cash. Continued investment or working-capital needs could increase funding requirements, constrain flexibility, and weaken the durability of the earnings rebound.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Rebound
The sharp earnings rebound shows materially stronger profitability in the latest annual period. If sustained, higher earnings can improve internal funding capacity, support investment in solar capabilities, and provide greater resilience across the company’s product and project businesses.
Read all positive factors
Swelect Energy Systems Limited (SWELECTES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.83B
Dividend Yield0.59%
Average Volume (3M)1.77K
Price to Earnings (P/E)21.1
Beta (1Y)1.59
Revenue Growth-10.86%
EPS Growth55.28%
CountryIN
Employees279
SectorGeneral
Sector StrengthN/A
IndustrySolar
Share Statistics
EPS (TTM)27.95
Shares Outstanding15,158,760
10 Day Avg. Volume1,689
30 Day Avg. Volume1,772
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.82
Price to Sales (P/S)1.15
P/FCF Ratio-4.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Swelect Energy Systems Limited Business Overview & Revenue Model
Company Description
Swelect Energy Systems Limited is a diversified enterprise specializing in renewable energy solutions and industrial manufacturing. The company's core business involves the fabrication and distribution of solar power components, including photovol...
How the Company Makes Money
SWELECTES primarily makes money by selling solar PV and power-electronics products and by executing solar projects/solutions for customers. Key revenue streams typically include: (1) Solar PV product sales: revenue from manufacturing and selling s...
Swelect Energy Systems Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.21B | 6.57B | 6.22B | 2.37B | 2.36B | 3.54B |
| Gross Profit | 2.40B | 1.78B | 1.73B | 1.50B | 1.12B | 1.30B |
| EBITDA | 1.63B | 1.51B | 1.44B | 1.52B | 847.22M | 1.02B |
| Net Income | 416.97M | 551.72M | 125.97M | 620.09M | 55.45M | 324.02M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 20.83B | 17.50B | 16.62B | 14.87B | 14.03B |
| Cash, Cash Equivalents and Short-Term Investments | 2.35B | 4.71B | 4.60B | 5.16B | 4.84B | 4.36B |
| Total Debt | 0.00 | 7.98B | 6.28B | 5.69B | 5.50B | 4.59B |
| Total Liabilities | -9.54B | 11.28B | 8.72B | 8.04B | 6.83B | 6.16B |
| Stockholders Equity | 9.54B | 9.21B | 8.57B | 8.39B | 7.87B | 7.76B |
Cash Flow | ||||||
| Free Cash Flow | 15.22M | -1.87B | -489.02M | -383.25M | -198.72M | 101.40M |
| Operating Cash Flow | 655.98M | 549.91M | 886.68M | 895.37M | 1.31B | 970.09M |
| Investing Cash Flow | -736.54M | -2.08B | -1.28B | -823.14M | -2.84B | -728.17M |
| Financing Cash Flow | -453.38M | 1.01B | 759.66M | 324.30M | 107.98M | 993.93M |
Swelect Energy Systems Limited Technical Analysis
Neutral
618.80
Price Trends
602.39
Negative
617.52
Negative
597.01
Negative
Market Momentum
-8.40
Negative
52.58
Neutral
55.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SWELECTES, the sentiment is Neutral. The current price of 618.8 is above the 20-day moving average (MA) of 571.51, above the 50-day MA of 602.39, and above the 200-day MA of 597.01, indicating a neutral trend. The MACD of -8.40 indicates Negative momentum. The RSI at 52.58 is Neutral, neither overbought nor oversold. The STOCH value of 55.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SWELECTES.
Swelect Energy Systems Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹31.82B | 4.21 | ― | 0.35% | 76.28% | 54.75% | |
62 Neutral | ₹407.74B | 24.53 | ― | 0.17% | 26.70% | 58.85% | |
61 Neutral | ₹24.47B | 667.16 | ― | 43.58% | -26.93% | 72.37% | |
61 Neutral | ₹716.77B | 18.50 | ― | 0.16% | 94.31% | 74.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹8.83B | 21.12 | ― | 0.59% | -10.86% | 55.28% | |
44 Neutral | ₹41.30B | -13.87 | ― | 3.25% | 3.19% | -362.93% |
* General Sector Average
IN:SWELECTES
Swelect Energy Systems Limited
581.10
-287.98
-33.14%
IN:PREMIERENE
Premier Energies Limited
874.00
-146.85
-14.38%
IN:SWSOLAR
Sterling And Wilson Renewable Energy Limited
171.05
-71.35
-29.43%
IN:UEL
Ujaas Energy Limited
184.50
89.63
94.48%
IN:WAAREEENER
WAAREE Energies Limited
2,395.00
-928.42
-27.94%
IN:WEBELSOLAR
Websol Energy System Limited
70.66
-52.72
-42.73%
Swelect Energy Systems Limited Corporate Events
Swelect Transfers 26% Stake in ESG Solar to Garg Acrylics for Group Captive Deal
Aug 31, 2026
Swelect Energy Systems Limited has approved the transfer of 26% of its equity stake in ESG Solar Energy Private Limited to Garg Acrylics Limited, a proposed group captive consumer, for a consideration of Rs. 31 lakh. Following this transaction, ES...
Swelect Energy Moves AGM and Annual Report Access Fully Online for FY 2025-26
Jul 8, 2026
Swelect Energy Systems Limited has notified stock exchanges that it has sent letters to shareholders who have not registered their email addresses, providing specific web links to access the company’s Annual Report for FY 2025-26 and the not...
Swelect Energy Systems Schedules Virtual AGM for July 31, 2026
Jul 8, 2026
Swelect Energy Systems Limited has announced that its thirty‑first Annual General Meeting will be held on July 31, 2026, at 3:30 p.m. IST via video conferencing and other audio‑visual means. The company has submitted the AGM notice and...
Swelect Unit to Acquire 49% Stake in Gridnex Solar to Expand Utility-Scale Solar Footprint
Jun 25, 2026
Swelect Energy Systems Limited has announced that its wholly owned subsidiary, Swelect SolarKraft Private Limited, will acquire a 49% equity stake in Gridnex Solar Power Private Limited, a Haryana-based firm developing grid-connected solar PV powe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.