Swelect Energy Systems Limited (SWELECTES) AI Stock Analysis

• Market Cap: ₹7.95B
• 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: ₹518.00 ▼(-16.29% Downside)
• 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

Revenue Growth

Swelect's ~40.8% revenue growth reflects durable demand and successful project execution in solar PV and systems. Sustained top-line expansion improves scale economics, strengthens backlog conversion, and supports reinvestment capacity, benefiting growth and competitiveness over months.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow driven by significant capex limits internal funding for expansion and increases dependence on external financing. Over 2-6 months this can constrain liquidity, slow project starts, and raise the cost or complexity of financing growth initiatives.

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,...

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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

SWELECTES generates revenue through several key streams. The primary source of income is the sale of solar power equipment, including solar panels and inverters, which are pivotal for solar energy generation. Additionally, the company earns revenu...

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SWELECTES generates revenue through several key streams. The primary source of income is the sale of solar power equipment, including solar panels and inverters, which are pivotal for solar energy generation. Additionally, the company earns revenu...

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: Negative
• Last Price: 618.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Negative. The current price of 618.8 is above the 20-day moving average (MA) of 526.03, above the 50-day MA of 540.38, and below the 200-day MA of 667.04, indicating a bearish trend. The MACD of -0.67 indicates Negative momentum. The RSI at 45.93 is Neutral, neither overbought nor oversold. The STOCH value of 56.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	66 Neutral	₹10.67B	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	₹31.53B	14.56	―	―	152.12%	―
ZODIAC	63 Neutral	₹3.65B	22.77	―	0.25%	64.71%	48.65%
SWELECTES	58 Neutral	₹7.95B	25.40	―	0.47%	39.01%	-42.51%
SURANASOL	45 Neutral	₹1.07B	166.44	―	―	―	―

Swelect Energy Systems Limited Corporate Events