Swelect Energy Systems Limited (SWELECTES) AI Stock Analysis

• Market Cap: ₹10.91B
• Dividend Yield: 0.42%
• Average Volume (3M): 4.46K
• Price to Earnings (P/E): 40.6
• Beta (1Y): 0.98
• Revenue Growth: 103.45%
• EPS Growth: -53.21%
• Country: IN
• Employees: 279
• Sector: Energy
• Sector Strength: 67
• Industry: Solar
• EPS (TTM): 13.55
• Shares Outstanding: 15,158,760
• 10 Day Avg. Volume: 3,531
• 30 Day Avg. Volume: 4,460
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹810.00
• Price Target Upside: 12.58% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 70 Outperform
• Price Target: ₹810.00 ▲(12.58% Upside)

Swelect Energy Systems Limited shows strong technical momentum and solid financial performance, particularly in revenue growth and cost management. However, the high P/E ratio and low dividend yield suggest potential overvaluation and limited income potential. The lack of positive free cash flow also indicates financial challenges that need addressing.

Swelect Energy Systems Limited Business Overview & Revenue Model

Company Description

Swelect Energy Systems Limited (SWELECTES) is a leading solar energy provider based in India, specializing in the design, manufacture, and commissioning of solar power systems. The company operates across several sectors, including solar modules, solar inverters, and solar thermal systems, offering a comprehensive range of products and services to residential, commercial, and industrial clients.

How the Company Makes Money

Swelect Energy Systems Limited makes money primarily through the sale of its solar energy products and solutions. Its key revenue streams include the manufacturing and selling of solar photovoltaic modules and solar inverters. Additionally, the company generates income by providing end-to-end solar power systems installation services, including engineering, procurement, and construction (EPC) services. Swelect also benefits from government incentives and partnerships that promote the adoption of renewable energy sources, which further support its financial growth.

Swelect Energy Systems Limited Financial Statement Overview

Summary

Swelect Energy Systems Limited demonstrates strong revenue growth and effective cost management with healthy gross and EBIT margins. However, challenges in generating positive free cash flow and relatively low net profit margins suggest areas for improvement. The balance sheet is stable with a balanced mix of debt and equity financing.

Income Statement

Swelect Energy Systems Limited has shown impressive revenue growth over the past year, with a substantial increase in Total Revenue from the previous year. The Gross Profit Margin and EBIT Margin are healthy, suggesting efficient operations and cost management. However, the Net Profit Margin is relatively low, indicating room for improvement in profitability. The EBITDA Margin is robust, highlighting strong earnings capacity before taxes, depreciation, and amortization.

Balance Sheet

The company's balance sheet shows a moderate Debt-to-Equity Ratio, reflecting a balanced approach to financing through debt and equity. Return on Equity (ROE) is modest, indicating moderate returns to shareholders. The Equity Ratio is strong, signifying a solid capital structure with a good proportion of assets financed by equity.

Cash Flow

The cash flow analysis reveals challenges in generating Free Cash Flow, which has been negative in recent years. This points to significant capital expenditures, potentially limiting liquidity. The Operating Cash Flow to Net Income Ratio is favorable, suggesting effective conversion of net income into cash from operations. However, the Free Cash Flow to Net Income Ratio is negative, indicating reliance on external financing for operations and investments.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2022	Dec 2020
Income Statement
Total Revenue	4.78B	6.22B	2.37B	3.44B	2.36B	2.44B
Gross Profit	1.73B	1.73B	1.50B	1.65B	1.12B	1.21B
EBITDA	1.66B	1.44B	1.52B	1.02B	847.22M	724.32M
Net Income	400.87M	125.97M	620.09M	324.02M	55.45M	260.81M
Balance Sheet
Total Assets	0.00	17.50B	16.62B	14.03B	14.87B	11.94B
Cash, Cash Equivalents and Short-Term Investments	5.30B	4.60B	5.16B	4.05B	4.88B	2.99B
Total Debt	0.00	6.28B	5.69B	4.59B	5.50B	3.58B
Total Liabilities	-8.75B	8.72B	8.04B	6.16B	6.83B	4.45B
Stockholders Equity	8.75B	8.57B	8.39B	7.76B	7.87B	7.43B
Cash Flow
Free Cash Flow	0.00	-489.02M	-383.25M	101.40M	-198.72M	-822.91M
Operating Cash Flow	0.00	886.68M	895.37M	970.09M	1.31B	332.39M
Investing Cash Flow	0.00	-1.28B	-823.14M	-728.17M	-2.84B	-1.42B
Financing Cash Flow	0.00	759.66M	324.30M	993.93M	107.98M	943.00M

Swelect Energy Systems Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 719.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SWELECTES, the sentiment is Positive. The current price of 719.5 is above the 20-day moving average (MA) of 711.96, above the 50-day MA of 657.74, and above the 200-day MA of 717.14, indicating a bullish trend. The MACD of 22.61 indicates Positive momentum. The RSI at 64.99 is Neutral, neither overbought nor oversold. The STOCH value of 41.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SWELECTES.

Swelect Energy Systems Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SWELECTES	70 Outperform	₹10.91B	40.58		0.42%	103.45%	-53.21%
Sector *	65 Neutral	$15.28B	7.48	3.22%	5.33%	4.10%	-60.58%
INDOSOLAR	57 Neutral	₹18.20B	10.31		―	―	―
SOLEX	―	₹10.28B	22.06		―	―	―
SURANASOL	―	₹1.61B	326,900.00		―	―	―
WEBELSOLAR	62 Neutral	₹54.90B	27.59		―	397.23%	―
ZODIAC	61 Neutral	₹5.77B	29.66		―	59.55%	58.31%

Swelect Energy Systems Limited Corporate Events

Swelect Energy Systems Rectifies Annual Report Error for FY 2024-2025

Swelect Energy Systems Limited has submitted a rectified version of its Annual Report for the fiscal year 2024-2025 to correct a non-material printing error regarding its consolidated contingent liabilities and commitments. The correction, which does not affect the financial statements or key disclosures, underscores the company’s commitment to transparency and good corporate governance.