Swelect Energy Systems Limited (SWELECTES) AI Stock Analysis

• Market Cap: ₹9.75B
• Dividend Yield: 0.45%
• Average Volume (3M): 2.92K
• Price to Earnings (P/E): 77.4
• Beta (1Y): 0.91
• Revenue Growth: 101.89%
• EPS Growth: -79.68%
• Country: IN
• Employees: 279
• Sector: Energy
• Sector Strength: 45
• Industry: Solar
• EPS (TTM): 5.84
• Shares Outstanding: 15,158,760
• 10 Day Avg. Volume: 1,991
• 30 Day Avg. Volume: 2,915
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹688.00
• Price Target Upside: 6.92% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ₹688.00 ▲(6.92% Upside)

Swelect Energy Systems Limited's stock score is primarily driven by its strong financial performance, with robust revenue growth and efficient cost management. However, high valuation metrics and challenges in cash flow generation weigh on the score. Technical analysis indicates mixed signals, with short-term bullish momentum but longer-term bearish trends.

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 shows strong revenue growth and efficient operations with healthy gross and EBIT margins. However, challenges with negative free cash flow and low net profit margins indicate areas for improvement.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	6.22B	2.37B	2.36B	3.44B	2.44B
Gross Profit	1.73B	1.50B	1.12B	1.65B	1.21B
EBITDA	1.44B	1.52B	847.22M	1.02B	724.32M
Net Income	125.97M	620.09M	55.45M	324.02M	260.81M
Balance Sheet
Total Assets	17.50B	16.62B	14.87B	14.03B	11.94B
Cash, Cash Equivalents and Short-Term Investments	4.60B	5.16B	4.88B	4.05B	2.99B
Total Debt	6.28B	5.69B	5.50B	4.59B	3.58B
Total Liabilities	8.72B	8.04B	6.83B	6.16B	4.45B
Stockholders Equity	8.57B	8.39B	7.87B	7.76B	7.43B
Cash Flow
Free Cash Flow	-489.02M	-383.25M	-198.72M	101.40M	-822.91M
Operating Cash Flow	886.68M	895.37M	1.31B	970.09M	332.39M
Investing Cash Flow	-1.28B	-823.14M	-2.84B	-728.17M	-1.42B
Financing Cash Flow	759.66M	324.30M	107.98M	993.93M	943.00M

Swelect Energy Systems Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 643.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 643.45 is above the 20-day moving average (MA) of 640.45, above the 50-day MA of 607.08, and below the 200-day MA of 752.84, indicating a neutral trend. The MACD of 10.20 indicates Positive momentum. The RSI at 45.67 is Neutral, neither overbought nor oversold. The STOCH value of 19.39 is Positive, 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
WEBELSOLAR	65 Neutral	₹61.21B	39.56		―	397.23%	―
SWELECTES	64 Neutral	₹9.75B	77.43		0.45%	101.89%	-79.68%
ZODIAC	61 Neutral	₹6.60B	33.04		―	85.30%	76.62%
INDOSOLAR	57 Neutral	₹15.72B	8.90		―	―	―
Sector *	56 Neutral	C$4.17B	2.50	16.25%	5.59%	6.33%	-50.37%

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.