Swelect Energy Systems Limited (SWELECTES) AI Stock Analysis

• Market Cap: ₹9.57B
• Dividend Yield: 0.47%
• Average Volume (3M): 1.52K
• Price to Earnings (P/E): 25.4
• Beta (1Y): 1.25
• Revenue Growth: 39.01%
• EPS Growth: -42.51%
• Country: IN
• Employees: 279
• Sector: Energy
• Sector Strength: 52
• Industry: Solar
• EPS (TTM): 6.11
• Shares Outstanding: 15,158,760
• 10 Day Avg. Volume: 872
• 30 Day Avg. Volume: 1,522
• PEG Ratio: -0.82
• Price to Book (P/B): 0.96
• Price to Sales (P/S): 1.33
• P/FCF Ratio: -16.85
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: ₹666.00 ▲(7.63% Upside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is primarily supported by solid financial performance (revenue growth and healthy operating margins with a stable balance sheet), but it is meaningfully weighed down by weak technicals (below key moving averages and negative MACD). Valuation is moderate-to-high with a low dividend yield, offering limited support.

Positive Factors

Strong Revenue Growth

Swelect's ~41% reported revenue growth reflects durable demand expansion in the solar project and products market. Sustained top-line momentum over multiple periods supports scalable operations, improves bargaining power with suppliers, and underpins reinvestment capacity for growth initiatives over the next 2-6 months.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow implies high capex or working capital demands and reduces internal funding for growth or dividends. Over 2-6 months, continued FCF deficits can force reliance on external financing, raising funding cost and execution risk for project rollouts and backlog conversion.

Swelect Energy Systems Limited Business Overview & Revenue Model

Company Description

Swelect Energy Systems Limited engages in the manufacture and trading of solar modules, mounting structures, transformers, and inverters in India, Europe, and internationally. It operates through three segments: Solar and Solar Related Activities,...

Read more

Swelect Energy Systems Limited engages in the manufacture and trading of solar modules, mounting structures, transformers, and inverters in India, Europe, and internationally. It operates through three segments: Solar and Solar Related Activities,...

How the Company Makes Money

null...

Swelect Energy Systems Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	6.26B	6.22B	2.37B	2.36B	3.54B	2.44B
Gross Profit	2.49B	1.73B	1.50B	1.12B	1.30B	1.21B
EBITDA	1.73B	1.44B	1.52B	847.22M	1.02B	724.32M
Net Income	337.96M	125.97M	620.09M	55.45M	324.02M	260.81M
Balance Sheet
Total Assets	17.79B	17.50B	16.62B	14.87B	14.03B	11.94B
Cash, Cash Equivalents and Short-Term Investments	5.93B	4.60B	5.16B	4.84B	4.36B	2.99B
Total Debt	6.66B	6.28B	5.69B	5.50B	4.59B	3.58B
Total Liabilities	8.61B	8.72B	8.04B	6.83B	6.16B	4.45B
Stockholders Equity	8.93B	8.57B	8.39B	7.87B	7.76B	7.43B
Cash Flow
Free Cash Flow	15.22M	-489.02M	-383.25M	-198.72M	101.40M	-822.91M
Operating Cash Flow	655.98M	886.68M	895.37M	1.31B	970.09M	332.39M
Investing Cash Flow	-736.54M	-1.28B	-823.14M	-2.84B	-728.17M	-1.42B
Financing Cash Flow	-453.38M	759.66M	324.30M	107.98M	993.93M	943.00M

Swelect Energy Systems Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 618.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 618.8 is above the 20-day moving average (MA) of 543.30, above the 50-day MA of 539.47, and below the 200-day MA of 665.18, indicating a neutral trend. The MACD of 13.47 indicates Negative momentum. The RSI at 71.21 is Negative, neither overbought nor oversold. The STOCH value of 88.77 is Negative, 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
SOLEX	69 Neutral	₹13.80B	38.37	―	0.04%	80.97%	393.79%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
WEBELSOLAR	65 Neutral	₹36.96B	14.56	―	―	152.12%	―
ZODIAC	64 Neutral	₹4.35B	22.77	―	0.25%	64.71%	48.65%
SWELECTES	58 Neutral	₹9.57B	25.40	―	0.47%	39.01%	-42.51%
SURANASOL	44 Neutral	₹1.16B	166.44	―	―	―	―

Swelect Energy Systems Limited Corporate Events