Swelect Energy Systems Ltd Stock Analysis

BSE: 532051 | NSE: SWELECTES | Electronics - Components | Small Cap

BSE Share Price Aug 19, 18:03
309.15 2.25 (0.73%)

DeciZen - Make an Informed Decision on Swelect Energy

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Swelect Energy Price Chart

P/E Ratio (SA) :
13.12
Market Cap :
465.2 Cr.
52-wk low :
205
52-wk high :
468.9
Bole Toh?

1. Is Swelect Energy Systems Ltd a good quality company?

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

2. Is Swelect Energy Systems Ltd undervalued or overvalued?

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.

3. Is Swelect Energy Systems Ltd a good buy now?

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.

10 Year X-Ray of Swelect Energy:

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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 15.8%2.7%0.9%0.7%2.2%2.2%0.8%0.6%3.2%5%-
Value Creation Index 0.1-0.8-0.9-1.0-0.8-0.8-0.9-1.0-0.8NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10650.848.3163170174120142185286298
YoY Gr. Rt. %--51.8%-4.9%236.3%4.4%2.4%-31%18.5%29.9%54.8%-
Adj EPS 48.911.7-0.7-0.97.78.10.7-1.312.222.923.4
YoY Gr. Rt. %--76.1%-106%NANA5.2%-91.6%-292.7%NA87.2%-
BVPS (₹) 417426.5425.3413.5432.1444.1448.3433.9449.2468.7467.3
Adj Net Profit 74.117.7-1.1-1.411.612.21-218.534.735
Cash Flow from Ops. -40.4-63.5-21.525.1-30.21.824.67.5-20.985.8-
Debt/CF from Ops. -0.7-1.5-5.22.4-2.247.23.816.3-13.13.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.7%11%33.6%54.8%
Adj EPS -8.1%24.5%222.9%87.2%
BVPS 1.31.61.54.3
Share Price 12.3% -2.3% 35.5% 43.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 16.42.8-0.2-0.21.81.80.2-0.32.855
Op. Profit Mgn % -2.52.6-0.26.25.17.14.113.114.415.915.6
Net Profit Mgn % 70.334.8-2.2-0.96.870.9-1.41012.211.9
Debt to Equity 00.10.20.10.10.10.10.20.40.4-
Working Cap Days 5809421,3483913724326095746124970
Cash Conv. Cycle 320229290565255-47311640

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.00%

Sales growth is growing at healthy rate in last 3 years 33.59%

Net Profit is growing at healthy rate in last 3 years 222.93%

Sales growth is good in last 4 quarters at 88.50%

No data to display

Latest Financials - Swelect Energy Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 23.4 22
TTM Sales (₹ Cr.) 298 408
BVPS (₹.) 467.3 507.4
Reserves (₹ Cr.) 693 754
P/BV 0.66 0.60
PE 13.12 13.98
From the Market
52 Week Low / High (₹) 205.00 / 468.85
All Time Low / High (₹) 6.42 / 468.85
Market Cap (₹ Cr.) 465
Equity (₹ Cr.) 15.2
Face Value (₹) 10
Industry PE 45.6

Management X-Ray of Swelect Energy :

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 (%)

Event Update

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Analyst's Notes

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Key Ratios of Swelect Energy

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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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