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Swelect Energy Systems Limited

Swelect Energy Systems Limited

NSE: SWELECTES
SolarTechnologySMALL CAPMCap ₹960.2 Cr
₹618.05₹36.45 (+6.27%)

Market Closed • NSE

Market cap₹960.2 Cr
Enterprise value₹1.48k Cr
P/E TTM22.14
P/B1.02
EPS TTM₹27.92
ROCE8.00%
D/E0.84
Dividend yield0.01%
Face value₹10.00
52W high₹977.00
52W low₹483.10
Price chart(1Y)
1Y Return:-4.64% (₹30.10)
H: ₹700L: ₹533.1
1W+2.99%
1M+8.78%
3M-2.08%
6M-2.32%
1Y-31.80%
Today at a glance

Day range

₹573.05₹646.75

52 week range

₹483.10₹977.00
Volume169.4K6.07x 20D avg
Free float50.00%+507.20% volume

Swelect Energy Systems Limited closed at INR618.05 (+6.27%) on volume 6.07x its 20-day average, trading 36.74% below its 52-week high.

Technical analysis
RSI (14)58.4Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹28.97High
SMA 20₹579.67BULLISH
SMA 50₹600.63BULLISH
SMA 100₹615.50BULLISH
SMA 200₹598.51BULLISH
CPR bottom₹593.73
Pivot₹589.68
CPR top₹585.64
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -30.9% QoQ

2026-07-24

DIVIDEND Announced

Dividend - Rs 3.50 Per Share

2025-07-18

DIVIDEND Announced

Annual General Meeting/Dividend - Rs 3 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹797.6 Cr₹960.2 Cr83.06%≤ 33%FAIL
Non-halal income ratio–₹657.1 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹2.05k Cr₹2.08k Cr98.25%≥ 20%PASS
Receivables ratio–₹2.08k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E22.1422.80
Forward P/E——
P/B1.023.70
EV/EBITDA—18.00
PEG—2.10
Earnings yield4.504.40
Growth & profitability
RevenuePAT
FY24PAT margin 25.90%
FY25PAT margin 2.30%
FY26PAT margin 8.40%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+1.80%
Revenue CAGR 5Y+22.70%
PAT CAGR 3Y+58.00%
PAT CAGR 5Y-2.30%
Operating margin12.02%
Net margin6.83%
Financial health & cash flow
Net debt₹761.1 CrModerate
Interest coverage1.80xEBIT / interest
CFO / PAT2.55x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹95.5 Cr
Capital expenditure–
Free cash flow₹-14640.3 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall58/100
Valuation60/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 2.55x over last 3 years

Risks

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Bull case

Market Leadership: Established operational scale in Solar.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.23%Institutional holding
43.40%Public holding
5Periods available
0.00%Promoter pledged
27.72KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
24 Jul 2026Dividend₹3.50 / share—24 Jul 2026
18 Jul 2025Dividend₹3.00 / share—18 Jul 2025
—Dividend₹3.00 / share—22 Jul 2024
—Dividend₹1.20 / share—19 Jul 2023
—Dividend₹3.00 / share—20 Jul 2022
—Dividend₹3.00 / share—16 Jul 2021
—Dividend₹0.75 / share—01 Sept 2020
28 Feb 2020Dividend₹1.25 / share—27 Feb 2020
23 Aug 2019Bonus issue1:2 bonus ratio—22 Aug 2019
—Dividend₹2.50 / share—01 Aug 2019
—Dividend₹4.00 / share—01 Aug 2018
—Dividend₹4.00 / share—03 Aug 2017
—Dividend₹1.00 / share—20 Jul 2016
24 Mar 2016Dividend₹3.00 / share—22 Mar 2016
—Dividend₹2.50 / share—22 Jul 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)46.92%-27.47% latest vs average
Highest delivery69.79%on 21 Sept
Average volume (20D)28.4KTrading-session average
Conviction trendWeakening-27.47% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹7.80L15.662.31%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.15L13.945.02%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.29L18.935.10%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.61L12.915.05%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.34L26.183.41%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.21L23.091.92%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.19L65.340.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.05L163.440.00%₹2,264.00₹184.00+18.41%+134.07%
About Swelect Energy Systems Limited
Swelect Energy Systems Limited

Incorporated in 1994, Swelect Energy Systems Ltd is in the business of Solar and Solar Related Activities[1]

IndiaTechnology

Questions investors ask
Is Swelect Energy Systems Limited Shariah compliant?

Swelect Energy Systems Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (83.06%) exceeds AAOIFI threshold (≤ 33%).

What is Swelect Energy Systems Limited's current valuation relative to peers?

Swelect Energy Systems Limited trades at a P/E of 22.1x compared to the sector median of 22.8x, and a Price-to-Book of 1.0x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.84x. Interest coverage is 1.8x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 22.7% while net profit growth averaged -2.3%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.