Swelect Energy Systems Limited (IN:SWELECTES)
:SWELECTES
Want to see IN:SWELECTES full AI Analyst Report?
Top Page
Swelect Energy Systems Limited
(SWELECTES)
Select Model
Select Model
Rating:67Neutral
Price Target:
₹740.00
▲(19.59% Upside)
Action:Reiterated
Date:04/23/26
The score is driven primarily by solid financial performance (revenue growth and healthy operating margins) tempered by weak free cash flow and low net margins. Technicals are supportive but overbought signals reduce the technical score, and valuation looks somewhat expensive with a modest dividend yield.
Positive Factors
Revenue Growth
Sustained ~41% revenue growth signals structural demand for the company’s solar solutions and successful project execution. Over 2–6 months this supports scale advantages, stronger negotiating power with suppliers, and the ability to invest in capacity and product development to capture more market share.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow points to high capital intensity and cash absorption by growth projects. Over months this limits liquidity buffer, increases dependence on external funding, and can constrain the company’s ability to self-fund expansion or weather project delays without raising costlier capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained ~41% revenue growth signals structural demand for the company’s solar solutions and successful project execution. Over 2–6 months this supports scale advantages, stronger negotiating power with suppliers, and the ability to invest in capacity and product development to capture more market share.
Read all positive factors
Swelect Energy Systems Limited (SWELECTES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.38B
Dividend Yield0.47%
Average Volume (3M)1.52K
Price to Earnings (P/E)25.4
Beta (1Y)1.31
Revenue Growth40.79%
EPS Growth34.26%
CountryIN
Employees279
SectorEnergy
Sector Strength52
IndustrySolar
Share Statistics
EPS (TTM)23.16
Shares Outstanding15,158,760
10 Day Avg. Volume872
30 Day Avg. Volume1,522
Financial Highlights & Ratios
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 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 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
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| 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
Positive
618.80
Price Trends
544.67
Positive
582.58
Positive
665.96
Negative
Market Momentum
23.56
Negative
73.88
Negative
93.44
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 555.65, above the 50-day MA of 544.67, and below the 200-day MA of 665.96, indicating a neutral trend. The MACD of 23.56 indicates Negative momentum. The RSI at 73.88 is Negative, neither overbought nor oversold. The STOCH value of 93.44 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 (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹43.64B | 6.49 | ― | ― | 82.37% | 90.41% | |
69 Neutral | ₹14.22B | 38.37 | ― | 0.04% | ― | ― | |
68 Neutral | ₹4.47B | 22.77 | ― | 0.25% | 46.83% | 20.61% | |
67 Neutral | ₹9.38B | 25.40 | ― | 0.47% | 40.79% | 34.26% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | ₹1.31B | 117.38 | ― | ― | -46.30% | ― |
* Energy Sector Average
IN:SWELECTES
Swelect Energy Systems Limited
618.50
23.25
3.91%
IN:SOLEX
Solex Energy Ltd.
1,316.50
365.40
38.42%
IN:SURANASOL
Surana Solar Limited
26.55
-9.88
-27.12%
IN:WEBELSOLAR
Websol Energy System Limited
103.40
-37.44
-26.58%
IN:ZODIAC
Zodiac Energy Ltd.
295.60
-233.10
-44.09%
Swelect Energy Systems Limited Corporate Events
Swelect Commissions 110/33 KV Substation to Evacuate Power from 50 MW Solar Project in Tamil Nadu
Apr 16, 2026
Swelect Energy Systems Limited has commissioned a newly erected 110/33 KV pooling substation at Sirungattur in Tamil Nadu’s Tiruvannamalai district to support its solar operations. The facility includes a 1 x 50 MVA, 110/33 KV power transfor...
Swelect Energy Systems Closes Trading Window Ahead of FY26 Results
Mar 27, 2026
Swelect Energy Systems Limited has announced the closure of its trading window for designated persons, effective from April 1, 2026, until 48 hours after the Board approves and discloses the audited standalone and consolidated financial results fo...
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.