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Swelect Energy Systems Ltd (SWELECTES)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532051 NSE: SWELECTES Electronics - Components | Small Cap | Swelect Energy Sys. Share Price

₹581.80 2.15 (0.37%)

As on 24-Sep'26 13:41

Swelect Energy Systems Ltd (SWELECTES)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532051 NSE: SWELECTES Electronics - Components | Small Cap | Swelect Energy Sys. Share Price

₹581.80 2.15 (0.37%)

As on 24-Sep'26 13:41

Key Metrics
Valuation Multiples
Market Cap
₹879 Cr.
Current Price
₹581.8
52-Week Low / High
₹480 / 979
TTM EPS
₹27.5
TTM Sales
₹611 Cr.
Book Value per Share
₹609.8
P/E Ratio
21.07
Lower than its 5-year historical median
Industry PE
51.3
Price to Book (P/B)
0.95
Lower than its 5-year historical median
Price to Sales (P/S)
1.44
Lower than its 5-year historical median
EV/EBITDA
8.55
Lower than its 5-year historical median
Dividend Yield
0.6%
Profitability Efficiency
Return on Equity (ROE)
6.51%
Underperforms industry median
Return on Capital Employed (ROCE)
8.59%
Underperforms industry median
Return on Assets (ROA)
3.01%
Operating Profit Margin
24.8%
Net Profit Margin
8.76%
Gross Profit Margin
19.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-12.8%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
56.29%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
311.87%
Asset Quality
Promoter Holding
56.37%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹909 Cr.
Equity
₹15.2 Cr.
Face Value
₹10
All Time Low / High
₹6.42 / 1526.35

Swelect Energy Systems stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

Quality

Not Good
Check detailed performance

Valuation

Somewhat Overvalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is Swelect Energy Systems Ltd a good quality company?
Swelect Energy Systems Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

View More
How does Swelect Energy Systems Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Swelect Energy Systems Ltd vs industry peers?
Swelect Energy Systems Ltd revenue CAGR is 21.08%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Swelect Energy Systems Ltd?
Promoters hold 56.37% of the Swelect Energy Systems Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Swelect Energy Systems Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.5% based on the current price.
View More

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Swelect Energy Systems Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ6.2%5%3%-0.6%4.3%7%5.6%7.6%6.2%5.2%-
Value Creation
Index ⓘ		-0.6-0.7-0.8-1.0-0.7-0.5-0.6-0.5-0.6-0.6-

Growth Parameters ⓘ
Sales ⓘ170174120142185225229249431376430
Sales YoY Gr.-2.4%-31%18.5%29.9%21.7%1.9%8.7%73.4%-12.8%-
Adj EPS ⓘ7.78.10.7-1.312.233.321.124.5-3.31122.6
YoY Gr.-5.2%-91.6%-292.7%NA172.2%-36.7%16.4%-113.3%NA-
BVPS (₹) ⓘ432.1444.1448.3433.9449.2468.7485.1519.1520.8530.2542.5
Adj Net
Profit ⓘ		11.612.21-218.550.53237.2-516.734
Cash Flow from Ops. ⓘ-30.21.824.67.5-20.985.89.3-24.130.875.3-
Debt/CF from Ops. ⓘ-2.247.23.816.3-13.13.439.3-14.8105.8-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ9.3%15.3%18%-12.8%
Adj EPS ⓘ4.1%-2.1%-19.5%NA
BVPSⓘ2.3%3.4%3%1.8%
Share Price 9.6% 21.5% -1.9% -37.7%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		1.81.80.2-0.32.87.34.44.9-0.62.14.2
Op. Profit
Mgn % ⓘ		5.17.14.113.114.424.919.515.89.312.514.9
Net Profit
Mgn % ⓘ		6.870.9-1.41022.51415-1.24.48
Debt to
Equity ⓘ		0.10.10.10.20.40.40.50.50.40.5-
Working Cap
Days ⓘ		372432609574612633593569358391265
Cash Conv.
Cycle ⓘ		5255-4731165-4121512680132

Valuation of Swelect Energy Sys. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales241294228252253354246243622657
Operating Expenses ⓘ + 218261205224202273184159525506
Manufacturing Costs29324140414727337863
Material Costs14718710912311517112181379352
Employee Cost 21222423242414182636
Other Costs ⓘ 22213138223222274155
Operating Profit ⓘ 233423285081628497151
Operating Profit Margin (%) 9.5%11.4%10.2%11.0%20.0%22.8%25.2%34.6%15.6%23.0%
Other Income ⓘ + 36272828302124374736
Exceptional Items ⓘ 000-15-700320-2
Interest ⓘ 10101517182330515761
Depreciation ⓘ 18232630282826424349
Profit Before Tax ⓘ 312710-7285130604476
Tax ⓘ 9124313173018
Profit After Tax 22167-10264829541458
PAT Margin (%) 9.0%5.4%3.0%-4.0%10.3%13.6%11.6%22.0%2.3%8.8%
Adjusted EPS (₹)14.310.54.5-6.717.221.43.740.98.336.4
Dividend Payout Ratio (%)18.70%25.40%37%-29.80%17.40%14%32.80%9.80%36.10%9.60%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 700715726719743776787838857920
Share Capital ⓘ 10.1110.1110.1115.1615.1615.1615.1615.1615.1615.16
Reserves ⓘ 690705716704727760772823842905
Debt +98190195214336432520509556740
Long Term Debt35322939149185232224315380
Short Term Debt63159166174187246287285240360
Minority Interest000061116192033
Trade Payables71535254561308191113145
Others Liabilities ⓘ 31332157505381204203243
Total Liabilities ⓘ 9019919941,0441,1921,4011,4851,6611,7492,082

Fixed Assets

Net Fixed Assets ⓘ +295349407435462566651707807835
Gross Block3294064885415957288198951,0381,110
Accumulated Depreciation355782105133162169188231275
CWIP ⓘ 312131172253277162
Investments ⓘ 285299278263300291285275268276
Inventories6469577167162137230172173
Trade Receivables72584054678667526561
Cash Equivalents 15815113312115108196235192195
Others Assets ⓘ 25526689209164118156238381
Total Assets ⓘ 9019919941,0441,1921,4011,4851,6611,7492,082
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 293692833971319013095
PBT ⓘ 312710-7283681124476
Adjustment ⓘ -083053254561-1576107
Changes in Working Capital ⓘ 4-2235-15-162565-118-79
Tax Paid ⓘ -6-11-7-3-4-8-3-7-7-8
Cash Flow From Investing Activity ⓘ + 21-101-120-30-142-73-284-83-113-198
Capex 00000-86-151-128-137-234
Net Investments 26-24-539-421-149-31-015
Others ⓘ -6-77-67-39-1001216752420
Cash Flow From Financing Activity ⓘ + -5249-53-4949911341950
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -19-3-1911117360219165
Interest Paid ⓘ -8-8-15-17-17-25-31-50-57-61
Dividend Paid ⓘ -1-4-4-4-1-5-5-2-6-5
Others ⓘ -2364-146-5924665-951
Net Cash Flow ⓘ -2-50-103-6-15124-1424037-52
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)3.152.260.95-1.413.586.383.676.621.666.51
ROCE (%)4.994.362.811.14.466.384.658.136.998.59
Asset Turnover Ratio0.280.310.230.250.230.270.170.150.360.34
PAT to CFO Conversion(x)1.320.199.86N/A1.272.024.521.679.291.64
Working Capital Days
Receivable Days105.3080.3078.7067.9087.3078.80113.8089.5034.4035
Inventory Days78.2081.70101.2092.7099.30117.60221.90275.7011895.90
Payable Days144.90121.60175.50156.20174.50198.80316.90388.5098.10133.40

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Announcements

Swelect Energy Systems Ltd FAQs

The current trading price of Swelect Energy Sys. on 24-Sep-2026 13:41 is ₹581.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Sep-2026 the market cap of Swelect Energy Sys. stood at ₹878.7 Cr

The latest P/E ratio of Swelect Energy Sys. as of 23-Sep-2026 is 25.69.

The latest P/B ratio of Swelect Energy Sys. as of 23-Sep-2026 is 1.07.

The 52-week high of Swelect Energy Sys. is ₹979.1 and the 52-week low is ₹480.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swelect Energy Sys. is ₹430 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Swelect Energy Systems Ltd is a below average quality company.

The key valuation ratios of Swelect Energy Systems Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Swelect Energy Systems Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Swelect Energy Systems Ltd

Numeric Power Systems began operations in 1984, its focus has always been excellence in quality of products and dedication in service. This has facilitated Numeric to carve a niche for itself in the Indian UPS market and has made the brand 'Numeric' a legend in the country.

In 1996, the company reached a milestone when it went public. Its stocks have been listed on BSE, MSE and NSE.

Numeric is an industrial leader and a reliable power solutions partner. It provides excellent power continuity and clean power through its Total Power Management solutions. It brings a wide range of world class power conditioning products, addressing the total spectrum of power protection needs, conforming to International standards such as UL / CE and RoHS compliance.

After a decade of professional relationship, the world's largest consumer electronics company Panasonic Industrial Asia, a member of Panasonic Group of Japan, appointed Numeric as the national distributor for its SLA batteries in 2005. This alliance between Numeric and Panasonic offers the complete range of Panasonic high-performance SLA batteries to the Indian market directly and through its channel partners.

The company is powered by an all new-technology, which represents years of advancement, towards the goal of positioning the company as the market leader and be the single largest source for a wide range of power solutions. It is a MNC in the power management solutions arena with a sales and service network in over 220 locations both in India and overseas.

Product of the company

  • LED Lighting Solutions
  • UPS -- 1) Line Interactive 2) Double Conversion Online 3) High Energy Products
  • Home Power Products -- 1) Digital HPH Series 2) Digital HPX Sine wave inverters
  • Special Power Systems -- 1) Volt Safe 
  • Numeric Energy Storage
  • Solar Power Solutions

Awards/ Recognition

  • Softdisk Awards 2008
  • Market Leadership award 2005
  • Product Leadership award 2004
  • Customer Support Leadership award 2004
  • IFMA award for excellence 2004

Manufacturing units/ plants of the company

  • Pondicherry, India: The plant at Pondicherry is a state-of-the-art manufacturing facility for the mass production of UPS. This is the first ISO 9001:2000 accredited UPS manufacturing facility in India.
  • UPS manufacturing plant, Pondicherry: It has a well integrated manufacturing system. These factories are well equipped and are self-sufficient in terms of man power and machinery. The products undergo stringent quality tests at every stage of manufacturing. The manufacturing plant at Pondicherry designed for mass production of UPS systems with facilities such as conveyorized assembly, wave soldering, computer aided testing and well stacked inventory of raw materials & finished goods.
  • CNC fabrication plant, Chennai: The CNC fabrication plant at Chennai manufactures MS enclosures for the company’s UPS systems. The CNC fabrication plant in Chennai, with Muratec & Amada from Japan, Darley - Holland, Gema Volstatic, Switzerland and Automated power coating facility with CNC turret punch press, CNC press brake and powder coating workstations matching international quality and standards.
  • Magnetic Division, T & S, Chennai: The transformers and chokes manufactured as fully equipped with Toroidal coil winding machinery and vacuum impregnation plant.
  • EHTP, Chennai: A wide range of well designed mid and high end UPS systems are manufactured in Chennai.
  • Salem, India: The manufacturing plant in Salem has a fully integrated sheet metal process with in-house magnetic divisions and state-of-art UPS manufacturing facility.
  • Parwanoo, India: The Parwanoo plant is strategically located to reach its customers in northern, eastern and western part of the country catering to mid range UPS requirements.
  • Colombo, Sri Lanka: A modern facility (a BOI company) in Colombo, Sri Lanka, manufactures world class Digital HP Series UPS system for the international market.

Clientele

Indian Clientele

  • Banking Insurance & Finance -- Nationalised banks, multinational banks, private and co-operative banks -- SBI & its associates, Citibank, ICICI, HDFC, etc.
  • Research & Educational Institutions -- Central and state government research bodies, private institutions, top tech and management Institutions -- BARC, C-DAC, IIT, IIM, ISRO, ISI, NIT, etc. 
  • Information Technology -- IT/ITeS, corporates, BPOs and services -- CTS, Wipro, Infosys, Honeywell, Motorola, etc.
  • Corporate -- Multinational Indian corporate and manufacturing houses -- Reliance, Times, Murugappa Group, TVS Group, ABB, L&T, MRF, Hero, etc.
  • Government -- State and central government bodies -- Defence and PSUs AAI, ECIL, ITI, IOCL, APTS, NIC, DGSND, BSNL, Indian Railways, etc.

International Clientele

  • NCR 
  • Sun Microsystems
  • British Petroleum 
  • Honeywell
  • Diebold   
  • Reliance
  • Infosys   
  • AMD
  • Wipro   
  • Siemens
  • IBM   
  • Philips
  • Intel   
  • Citi Bank
  • Motorola   
  • Standard Chartered
  • HP   
  • HSBC
  • Microsoft   
  • BNP Paribas
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