Want to see IN:SWELECTES full AI Analyst Report?
Top Page
Swelect Energy Systems Limited
(SWELECTES)
Select Model
Select Model
Rating:56Neutral
Price Target:
₹691.00
▲(11.67% Upside)
Action:Reiterated
Date:05/25/26
The score is primarily constrained by weak cash conversion and sharply negative, worsening free cash flow alongside rising leverage, despite improved profitability. Technicals are neutral with price below key longer-term resistance (200DMA), while a reasonable P/E and modest dividend yield provide some valuation support.
Positive Factors
Improved operating profitability
Recent margin expansion and a sharp jump in net income indicate the company can generate stronger operating profits from its core solar and power-electronics operations. Sustained mid-teens EBIT and ~23% EBITDA margins improve internal funding capacity and support competitive project economics over the medium term.
Negative Factors
Deeply negative free cash flow
Severely negative free cash flow signals that reported earnings are not translating into cash, likely due to heavy capex and/or working-capital strain. Persistent negative FCF forces reliance on external funding, raises refinancing needs and curtails reinvestment or dividend flexibility over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved operating profitability
Recent margin expansion and a sharp jump in net income indicate the company can generate stronger operating profits from its core solar and power-electronics operations. Sustained mid-teens EBIT and ~23% EBITDA margins improve internal funding capacity and support competitive project economics over the medium term.
Read all positive factors
Swelect Energy Systems Limited (SWELECTES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.18B
Dividend Yield0.51%
Average Volume (3M)1.52K
Price to Earnings (P/E)18.6
Beta (1Y)1.41
Revenue Growth5.70%
EPS Growth337.96%
CountryIN
Employees279
SectorGeneral
Sector StrengthN/A
IndustrySolar
Share Statistics
EPS (TTM)37.24
Shares Outstanding15,158,760
10 Day Avg. Volume872
30 Day Avg. Volume1,522
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 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.57B | 6.22B | 2.37B | 2.36B | 3.54B |
| Gross Profit | 1.78B | 1.73B | 1.50B | 1.12B | 1.30B |
| EBITDA | 1.51B | 1.44B | 1.52B | 847.22M | 1.02B |
| Net Income | 551.72M | 125.97M | 620.09M | 55.45M | 324.02M |
Balance Sheet | |||||
| Total Assets | 20.83B | 17.50B | 16.62B | 14.87B | 14.03B |
| Cash, Cash Equivalents and Short-Term Investments | 4.71B | 4.60B | 5.16B | 4.84B | 4.36B |
| Total Debt | 7.98B | 6.28B | 5.69B | 5.50B | 4.59B |
| Total Liabilities | 11.28B | 8.72B | 8.04B | 6.83B | 6.16B |
| Stockholders Equity | 9.21B | 8.57B | 8.39B | 7.87B | 7.76B |
Cash Flow | |||||
| Free Cash Flow | -1.87B | -489.02M | -383.25M | -198.72M | 101.40M |
| Operating Cash Flow | 549.91M | 886.68M | 895.37M | 1.31B | 970.09M |
| Investing Cash Flow | -2.08B | -1.28B | -823.14M | -2.84B | -728.17M |
| Financing Cash Flow | 1.01B | 759.66M | 324.30M | 107.98M | 993.93M |
Swelect Energy Systems Limited Technical Analysis
Positive
618.80
Price Trends
627.93
Positive
615.33
Positive
626.27
Positive
Market Momentum
4.47
Negative
65.99
Neutral
91.58
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 below the 20-day moving average (MA) of 619.97, below the 50-day MA of 627.93, and below the 200-day MA of 626.27, indicating a bullish trend. The MACD of 4.47 indicates Negative momentum. The RSI at 65.99 is Neutral, neither overbought nor oversold. The STOCH value of 91.58 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹41.89B | 3.03 | ― | ― | 82.37% | 90.41% | |
66 Neutral | ₹474.83B | 28.27 | ― | 0.14% | 26.70% | 58.92% | |
61 Neutral | ₹777.68B | 20.35 | ― | 0.07% | 94.31% | 74.83% | |
56 Neutral | ₹10.18B | 18.56 | ― | 0.47% | 5.70% | 337.96% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹35.36B | 949.72 | ― | ― | -26.93% | 72.37% | |
44 Neutral | ₹47.84B | -16.57 | ― | ― | 3.19% | -362.93% |
* General Sector Average
IN:SWELECTES
Swelect Energy Systems Limited
691.25
51.53
8.06%
IN:PREMIERENE
Premier Energies Limited
1,045.50
43.39
4.33%
IN:SWSOLAR
Sterling And Wilson Renewable Energy Limited
203.90
-70.30
-25.64%
IN:UEL
Ujaas Energy Limited
278.30
160.73
136.71%
IN:WAAREEENER
WAAREE Energies Limited
2,708.00
-402.10
-12.93%
IN:WEBELSOLAR
Websol Energy System Limited
94.34
-50.68
-34.95%
Swelect Energy Systems Limited Corporate Events
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...
Swelect Energy approves FY26 results, proposes dividend and strengthens audit oversight
May 22, 2026
Swelect Energy Systems Limited has announced that its board has approved the unaudited standalone and consolidated financial results for the quarter ended 31 March 2026 and the audited results for the full financial year, with the statutory audito...
Swelect Energy Clears FY26 Results, Declares Dividend and Appoints New Auditors
May 22, 2026
Swelect Energy Systems Limited has approved its unaudited standalone and consolidated financial results for the quarter ended 31 March 2026 and audited results for the full year, with its statutory auditors issuing an unmodified opinion. The board...
Swelect Energy Approves FY26 Results, Dividend and New Audit Appointments
May 22, 2026
Swelect Energy Systems Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended 31 March 2026 and the audited results for the full year, with statutory auditors Deloitte Haskins Sells LL...
Swelect Energy Approves FY26 Results, Recommends Dividend and Names New Auditors
May 21, 2026
Swelect Energy Systems Limited’s board has approved unaudited standalone and consolidated financial results for the quarter ended 31 March 2026 and audited results for the full year, with the statutory auditors issuing an unmodified opinion....
Swelect Energy clears FY26 results, dividend and new audit appointments
May 21, 2026
Swelect Energy Systems Limited’s board has approved its standalone and consolidated unaudited results for the quarter and audited results for the year ended 31 March 2026, with statutory auditors Deloitte Haskins Sells LLP issuing an unmodi...
Swelect Energy Clears FY26 Results, Proposes Final Dividend and New Audit Appointments
May 21, 2026
Swelect Energy Systems Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended 31 March 2026, along with the audited results for the full year, supported by an unmodified opinion from it...
Swelect Energy Systems Clears FY26 Results, Proposes Dividend and New Auditor Appointments
May 21, 2026
Swelect Energy Systems Limited’s board has approved its unaudited standalone and consolidated financial results for the quarter ended 31 March 2026 and audited results for the full financial year, with statutory auditors issuing an unmodifie...
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.