Key Metrics 
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10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
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About
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
₹603.25 -3.90 (-0.64%)
As on 23-Jul'26 16:59
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
₹603.25 -3.90 (-0.64%)
As on 23-Jul'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹914 Cr.
Current Price
₹603.3
52-Week Low / High
₹480 / 979
TTM EPS
₹12.9
TTM Sales
₹376 Cr.
Book Value per Share
₹530.2
P/E Ratio
46.74
Higher than its 5-year historical median
Industry PE
46.5
Price to Book (P/B)
1.14
Higher than its 5-year historical median
Price to Sales (P/S)
2.43
In line with its 5-year historical median
EV/EBITDA
15.89
Higher than its 5-year historical median
Dividend Yield
0.58%
Profitability Efficiency
Return on Equity (ROE)
2.46%
Underperforms industry median
Return on Capital Employed (ROCE)
5.24%
Underperforms industry median
Return on Assets (ROA)
1.45%
Operating Profit Margin
12.5%
Net Profit Margin
5.2%
Gross Profit Margin
12.8%
Growth Momentum
1-yr vs 3-yr growth
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
34.75%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
127.97%
Asset Quality
Promoter Holding
56.37%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹789 Cr.
Equity
₹15.2 Cr.
Face Value
₹10
All Time Low / High
₹6.42 / 1526.35
Check Before You Invest
Quality
Not GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
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.
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.
How does Swelect Energy Systems Ltd performance compare with that of its Peers?
Revenue growth of Swelect Energy Systems Ltd vs industry peers?
Swelect Energy Systems Ltd revenue CAGR is 24.88%, compared to the industry median CAGR of 3.03%, indicating faster growth and gaining its market share.
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.
Stock return of Swelect Energy Systems Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.5% based on the current price.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 ⓘ | 170 | 174 | 120 | 142 | 185 | 225 | 229 | 249 | 431 | 376 | 376 |
| Sales YoY Gr. | - | 2.4% | -31% | 18.5% | 29.9% | 21.7% | 1.9% | 8.7% | 73.4% | -12.8% | - |
| Adj EPS ⓘ | 7.7 | 8.1 | 0.7 | -1.3 | 12.2 | 33.3 | 21.1 | 24.5 | -3.3 | 11 | 12.9 |
| YoY Gr. | - | 5.2% | -91.6% | -292.7% | NA | 172.2% | -36.7% | 16.4% | -113.3% | NA | - |
| BVPS (₹) ⓘ | 432.1 | 444.1 | 448.3 | 433.9 | 449.2 | 468.7 | 485.1 | 519.1 | 520.8 | 530.2 | 530.2 |
| Adj Net Profit ⓘ | 11.6 | 12.2 | 1 | -2 | 18.5 | 50.5 | 32 | 37.2 | -5 | 16.7 | 20 |
| Cash Flow from Ops. ⓘ | -30.2 | 1.8 | 24.6 | 7.5 | -20.9 | 85.8 | 9.3 | -24.1 | 30.8 | 75.3 | - |
| Debt/CF from Ops. ⓘ | -2.2 | 47.2 | 3.8 | 16.3 | -13.1 | 3.4 | 39.3 | -14.8 | 10 | 5.8 | - |
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 | 8.6% | 18.5% | 7.1% | -13.1% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.8 | 1.8 | 0.2 | -0.3 | 2.8 | 7.3 | 4.4 | 4.9 | -0.6 | 2.1 | 2.4 |
| Op. Profit Mgn % ⓘ | 5.1 | 7.1 | 4.1 | 13.1 | 14.4 | 24.9 | 19.5 | 15.8 | 9.3 | 12.5 | 11.8 |
| Net Profit Mgn % ⓘ | 6.8 | 7 | 0.9 | -1.4 | 10 | 22.5 | 14 | 15 | -1.2 | 4.4 | 5.2 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.1 | 0.2 | 0.4 | 0.4 | 0.5 | 0.5 | 0.4 | 0.5 | 0.2 |
| Working Cap Days ⓘ | 372 | 432 | 609 | 574 | 612 | 633 | 593 | 569 | 358 | 391 | 265 |
| Cash Conv. Cycle ⓘ | 52 | 55 | -47 | 3 | 11 | 65 | -41 | 215 | 126 | 80 | 132 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 170 | 174 | 120 | 142 | 185 | 225 | 229 | 249 | 431 | 376 |
| Operating Expenses ⓘ + | 162 | 162 | 118 | 137 | 158 | 173 | 189 | 210 | 398 | 332 |
| Operating Profit ⓘ | 8 | 12 | 2 | 5 | 26 | 51 | 40 | 39 | 33 | 45 |
| Operating Profit Margin (%) | 4.5% | 6.9% | 1.5% | 3.7% | 14.3% | 22.7% | 17.5% | 15.6% | 7.7% | 11.8% |
| Other Income ⓘ + | 46 | 38 | 35 | 32 | 33 | 31 | 32 | 45 | 51 | 35 |
| Interest ⓘ | 5 | 6 | 7 | 10 | 12 | 19 | 25 | 34 | 33 | 32 |
| Depreciation ⓘ | 10 | 13 | 14 | 17 | 15 | 14 | 14 | 15 | 15 | 17 |
| Profit Before Tax ⓘ | 38 | 31 | 15 | -14 | 24 | 50 | 33 | 52 | 36 | 30 |
| Tax ⓘ | 9 | 7 | 4 | 3 | 0 | 0 | 0 | 0 | 28 | 10 |
| Profit After Tax | 29 | 23 | 11 | -17 | 24 | 50 | 33 | 52 | 9 | 20 |
| PAT Margin (%) | 17.3% | 13.5% | 9.2% | -11.8% | 13.2% | 22.1% | 14.3% | 20.8% | 2.0% | 5.2% |
| Adjusted EPS (₹) | 19.4 | 15.5 | 7.3 | -11.0 | 16.0 | 32.7 | 21.5 | 34.1 | 5.7 | 12.9 |
| Dividend Payout Ratio (%) | 13.80% | 17.20% | 22.90% | -18.10% | 18.70% | 9.20% | 5.60% | 11.70% | 53% | 27.10% |
Valuation of Swelect Energy Sys. - Standalone
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 655 | 673 | 680 | 658 | 681 | 710 | 735 | 787 | 789 | 804 | |
| Debt + | 58 | 77 | 91 | 119 | 261 | 270 | 344 | 324 | 267 | 419 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 72 | 76 | 76 | 78 | 82 | 176 | 34 | 64 | 53 | 104 | |
| Others Liabilities ⓘ | 20 | 21 | 22 | 50 | 33 | 38 | 86 | 147 | 130 | 139 | |
| Total Liabilities ⓘ | 805 | 847 | 868 | 904 | 1,056 | 1,195 | 1,199 | 1,321 | 1,240 | 1,466 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 129 | 136 | 190 | 219 | 254 | 247 | 229 | 243 | 255 | 300 | |
| CWIP ⓘ | 0 | 1 | 1 | 0 | 3 | 1 | 2 | 0 | 7 | 77 | |
| Investments ⓘ | 404 | 418 | 426 | 387 | 435 | 474 | 523 | 459 | 495 | 572 | |
| Inventories | 48 | 57 | 45 | 54 | 49 | 138 | 59 | 159 | 56 | 41 | |
| Trade Receivables | 58 | 32 | 18 | 31 | 75 | 59 | 72 | 100 | 140 | 110 | |
| Cash Equivalents | 74 | 78 | 63 | 39 | 6 | 35 | 100 | 130 | 65 | 81 | |
| Others Assets ⓘ | 92 | 124 | 124 | 174 | 235 | 242 | 214 | 229 | 223 | 286 | |
| Total Assets ⓘ | 805 | 847 | 868 | 904 | 1,056 | 1,195 | 1,199 | 1,321 | 1,240 | 1,466 | |
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -30 | 2 | 25 | 7 | -21 | 86 | 9 | -24 | 31 | 75 |
| Cash Flow From Investing Activity ⓘ + | 42 | -20 | -43 | -21 | -107 | -45 | -88 | 82 | 66 | -157 |
| Cash Flow From Financing Activity ⓘ + | -25 | -10 | -23 | 4 | 112 | 30 | -11 | -2 | -34 | 15 |
| Net Cash Flow ⓘ | -13 | -29 | -41 | -9 | -16 | 71 | -90 | 56 | 64 | -67 |
Financial Ratio
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.58 | 3.53 | 1.63 | -2.5 | 3.63 | 7.12 | 4.52 | 6.8 | 1.09 | 2.46 |
| ROCE (%) | 6.21 | 4.96 | 2.99 | -0.56 | 4.25 | 6.97 | 5.56 | 7.63 | 6.18 | 5.24 |
| Asset Turnover Ratio | 0.22 | 0.21 | 0.14 | 0.16 | 0.19 | 0.2 | 0.19 | 0.2 | 0.34 | 0.28 |
| PAT to CFO Conversion(x) | -1.03 | 0.09 | 2.27 | N/A | -0.88 | 1.72 | 0.27 | -0.46 | 3.44 | 3.75 |
| Working Capital Days | ||||||||||
| Receivable Days | 111 | 94.70 | 75.40 | 63 | 105.20 | 109 | 104.20 | 126 | 101.40 | 120.90 |
| Inventory Days | 86.20 | 109.90 | 155.90 | 128.40 | 102 | 151.70 | 157.10 | 160.10 | 91 | 46.90 |
| Payable Days | 196 | 213.50 | 392.20 | 349.30 | 253 | 377.90 | 282.20 | 115.60 | 72.70 | 124.10 |
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Swelect Energy Systems Ltd FAQs
The current trading price of Swelect Energy Sys. on 23-Jul-2026 16:59 is ₹603.2.
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 22-Jul-2026 the market cap of Swelect Energy Sys. stood at ₹914.5 Cr
The latest P/E ratio of Swelect Energy Sys. as of 22-Jul-2026 is 46.74.
The latest P/B ratio of Swelect Energy Sys. as of 22-Jul-2026 is 1.14.
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 ₹376 ( 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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