Swelect Energy Systems Ltd Stock Price Today (NSE: SWELECTES)

Swelect Energy Systems Ltd

651.40+14.30 (+2.24%)
Market Open

Fundamental Score

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Swelect Energy Systems Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Swelect Energy Systems Ltd share price today is 651.40, up +2.24% on NSE/BSE as of 18 June 2026. Swelect Energy Systems Ltd (SWELECTES) is a Small-cap company in the Heavy Electrical Equipment sector with a market capitalisation of 1.04K (Cr). The 52-week high for SWELECTES share price is 977.00 and the 52-week low is 483.10. At a P/E ratio of 30.72x, SWELECTES is currently trading below its industry average P/E of 47.05x. The company has a Return on Equity (ROE) of 0.58% and a debt-to-equity ratio of 0.75.

Swelect Energy Systems Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
712.50
Low
592.80
Volume
30.7K
Change
-1.20%

Swelect Energy Systems Ltd share price chart: -1.20% return over the past month. 52-week high ₹977.00, 52-week low ₹483.10.

Swelect Energy Systems Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
628.00655.40623.00651.4020.64K (Cr)
661.35667.00620.00637.102.04L (Cr)
658.00683.95644.05661.3594.53K (Cr)
606.80659.65606.80650.3062.49K (Cr)
614.00619.20602.20611.3527.34K (Cr)
639.00656.60608.10611.3050.42K (Cr)
658.00673.45625.00628.6038.99K (Cr)
633.85650.00628.40645.9517.55K (Cr)
615.00633.45610.00624.256.57K (Cr)
618.00632.80617.95622.356.93K (Cr)

Swelect Energy Systems Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
661.35667.00620.00651.40-1.50%
665.95712.50592.80661.35-0.69%
514.00709.70514.00659.40+28.29%
491.00588.80483.10499.10+1.65%
517.00595.70506.00517.30+0.06%
626.30641.70501.50511.95-18.26%
703.30712.80590.00620.40-11.79%
802.05821.15678.00703.30-12.31%
884.50977.00800.00804.40-9.06%
710.00962.65703.00873.75+23.06%
642.05793.20602.35708.40+10.33%
583.95708.35570.00650.00+11.31%

AI Research Briefing

Powered by Gemini · 2026-04-09

Swelect is a small-cap solar turnaround story with high execution risk and stretched valuation.

Research Confidence
6.0/10Moderate
DEBT TRAP TURNAROUNDConsolidation - 1M: -14.76%, 3M: -4.57%, 6M: 15.2%Fair - P/E of 30.72x vs Industry P/E of 47.05x

WHAT'S HAPPENING NOW (last 2-4 weeks)

Swelect Energy Systems' trading window is closed from April 1, 2026, preceding the release of FY26 audited financial results. The stock saw an 8.83% weekly gain, closing at on April 2, 2026, outperforming the Sensex. Markets Mojo upgraded the stock from Sell to Hold on April 1, 2026, citing improved valuation metrics.

CORE STORY (THE REAL GAME)

Swelect is being priced as a turnaround play in the renewable energy space, banking on increased manufacturing capacity and EPC order execution, shifting from losses to profits.

Why Now
  • Improved Q3 FY26 results showing a return to profitability
  • Upgrade to Hold rating by Markets Mojo due to improved valuation
  • Expansion plans targeting 2 GW manufacturing capacity
Potential Catalysts
  • Significant order wins in the EPC segment
  • Commissioning of new manufacturing capacity
  • Further improvement in financial performance and debt reduction
Key Risks
  • Negative free cash flow over the last 5 years
  • High debt/equity ratio
  • Small-cap liquidity risk
Institutional Activity

FII down -0.01%, DII down -0.04%

Macro Context

Government focus on renewable energy provides a tailwind, but increased competition could compress margins.

Order Book / Expansion

SWELECT aims to achieve 2 GW of manufacturing capacity, 1 GW of Independent Power Producer (IPP) assets, and 1 GW of EPC orders within the next two years.

Cash Flow Quality

No - Free Cash Flow 5Y: ₹-136.38 Cr

3–6 Month Outlook

If Swelect executes its expansion plans and maintains profitability, the stock could re-rate. Failure to deliver will lead to a sharp correction.

Primary Thesis Risk

Failure to execute expansion plans and sustain profitability will crush the turnaround narrative.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

0.58%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

5.06%

Returns generated on total capital deployed

Excellent

Oper. Profit Margin (5Y Avg)

21.79%

Average operating profit margin over 5 years

Dividend Yield

0.44%

Annual dividend as % of current share price

Swelect Energy Systems Ltd Valuation Check

Excellent

Price to Earnings (P/E)

30.72x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

47.05x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

56.37%

% shares held by company founders/management

Poor

FII Holding

0.04%

% shares held by foreign institutional investors

Poor

DII Holding

0.00%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

84.33%

Net profit growth vs same quarter last year

Poor

Revenue Growth (Quarterly YoY)

-29.74%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

19.77%

Compounded annual revenue growth over 5 years

Excellent

EPS Growth (5-Year CAGR)

13.83%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

13.83%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Poor

Debt to Equity Ratio

0.75x

Total debt ÷ equity. Below 0.5 = financially healthy

Poor

Interest Coverage Ratio

2.16x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-136.38 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Swelect Energy Systems Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of SWELECTES across key market metrics for learning purposes.

Positive Indicators

6 factors identified

Strong Operating Margins (21.79%)

Observation: Healthy 5-year operating margins indicate pricing power and cost control.

Analysis: OPM >15% suggests operational efficiency and competitive advantages.

Attractive Valuation (P/E: 30.72 vs Industry: 47.05)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Robust Profit Growth (84.33%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Consistent Growth Track Record (19.77% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Balanced Promoter Holding (56.37%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

6 factors identified

Below-Average Return on Equity (0.58%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Suboptimal ROCE (5.06%)

Observation: Returns on capital employed are below expectations.

Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.

Revenue Contraction (-29.74%)

Observation: Sales decline may indicate market challenges or competitive pressures.

Analysis: Negative revenue growth requires analysis of market conditions.

Weak Interest Coverage (2.16x)

Observation: Limited ability to service debt obligations from earnings.

Analysis: Low interest coverage raises concerns about financial stability.

Negative Free Cash Flow (₹-136.38 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Institutional Interest (FII+DII: 0.04%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

Swelect Energy Systems Ltd vs Heavy Electrical Equipment Peers

Peer Comparison - Heavy Electrical Equipment

Compare Swelect Energy Systems Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
45/100
651
₹1038.04
30.7
Average
0.58%
Poor
5.06%
Poor
0.8
Good
13.83%
Good
19.77%
Excellent
0.44%
Siemens Ltd...
SIEMENS500550
58.1/100
3879
₹117781.20
69.8
Average
11.81%
Average
15.83%
Good
0.0
Excellent
17.04%
Excellent
11.79%
Good
0.36%
31.7/100
3766
₹111859.20
101.7
Average
28.96%
Excellent
38.52%
Excellent
0.0
Excellent
0.00%
66.1/100
7219
₹110020.87
62.3
Average
28.82%
Excellent
38.65%
Excellent
0.0
Excellent
40.25%
Excellent
10.75%
Good
0.85%
67.9/100
935
₹105260.55
98.5
Average
27.66%
Excellent
37.48%
Excellent
0.0
Excellent
33.57%
Excellent
14.16%
Good
0.19%
44.8/100
422
₹101397.77
181.5
Average
2.12%
Poor
4.87%
Poor
0.5
Excellent
18.65%
Excellent
5.72%
Good
0.17%
63.2/100
37550
₹98828.01
137.8
Average
13.79%
Average
19.44%
Good
0.0
Excellent
14.55%
Good
14.56%
Good
0.03%
63.7/100
58
₹73094.27
23.0
Average
41.44%
Excellent
32.52%
Excellent
0.1
Excellent
22.93%
Excellent
29.65%
Excellent
0.00%
65.2/100
5098
₹71752.19
78.0
Average
40.35%
Excellent
54.74%
Excellent
0.0
Excellent
34.77%
Excellent
6.33%
Good
0.18%
Thermax Ltd...
THERMAX500411
49.9/100
4591
₹34742.42
58.5
Average
13.57%
Average
16.22%
Good
0.4
Excellent
24.90%
Excellent
12.63%
Good
0.48%
68.3/100
96
₹22999.39
45.1
Average
11.69%
Average
11.52%
Average
0.2
Excellent
29.46%
Excellent
36.16%
Excellent
0.00%

Swelect Energy Systems Ltd PE Ratio History

Historical price-to-earnings ratio for SWELECTES — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 20259.22₹620.4067.3x
FY 202441.59₹1012.5524.3x
FY 20234.23₹529.00125.1x
FY 202221.38₹335.9515.7x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Swelect Energy Systems Ltd Dividend History

Annual cash dividends paid by SWELECTES — dividend yield 0.44%

Financial YearDividends Paid (₹ Cr)
FY 20256.06 Cr
FY 20241.82 Cr
FY 20234.55 Cr
FY 20224.55 Cr

Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.

Swelect Energy Systems Ltd Quarterly Performance

Latest quarterly metrics for SWELECTES — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

-29.74%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

84.33%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

19.77%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

13.83%

Compounded annual net profit growth over 5 years

Swelect Energy Systems Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for SWELECTES — calculated from daily price history

40RSI 14
Neutral — RSI 40

Momentum is balanced — neither overbought nor oversold.

SMA 50
606
▲ Price above SMA 50 — Short-term bullish
SMA 200
672
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
39K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Swelect Energy Systems Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Swelect Energy Systems Ltd (SWELECTES) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Swelect Energy Systems Ltd

About SWELECTES (Swelect Energy Systems Ltd)

Swelect Energy Systems Ltd is a dynamic force in the Indian heavy electrical equipment sector, dedicated to propelling the nation toward a sustainable energy future. Specializing i...n the design, engineering, and manufacturing of advanced solar energy solutions, the company plays a pivotal role in harnessing the abundant power of the sun. Their comprehensive product portfolio encompasses everything required for efficient solar energy generation and distribution, from high-performance photovoltaic modules to robust mounting structures and state-of-the-art energy storage systems. Through relentless innovation and a commitment to quality, Swelect empowers businesses, communities, and individuals to embrace clean, reliable, and cost-effective renewable energy sources. At the heart of Swelect's success lies a dedication to providing cutting-edge solar technology tailored to the unique needs of the Indian market. The company meticulously engineers its photovoltaic modules, incorporating the latest advancements in cell technology to maximize energy conversion efficiency and durability. Swelect's robust mounting structures, designed for both ground-mounted and rooftop applications, ensure the secure and long-lasting installation of solar panels in diverse environmental conditions. Furthermore, their advanced energy storage systems, including innovative solar-wind hybrid solutions, enable the seamless integration of renewable energy into the grid, providing a stable and continuous power supply. Swelect Energy Systems Ltd stands as a beacon of sustainability, driving the transition to a cleaner and more resilient energy landscape in India. With a strong focus on research and development, the company continuously strives to improve its products and services, pushing the boundaries of solar technology. By fostering strategic partnerships and investing in local manufacturing capabilities, Swelect ensures the accessibility and affordability of its solutions, empowering a wider range of customers to embrace the benefits of solar energy. In its quest to create a greener future, Swelect Energy Systems Ltd remains committed to delivering innovative and reliable solar energy solutions that meet the evolving needs of the nation.

Company Details

Symbol:SWELECTES
Industry:Heavy Electrical Equipment
Sector:Heavy Electrical Equipment

Key Leadership

Mr. Arthanari Balan
Joint MD & Executive Director
Mr. Ramasamy Gounder Chellappan B.E., I.E.E.E.
MD & Executive Director
Ms. Nikhila Ramesh
Chief Financial Officer

Corporate Events

Recent
Ex-Dividend Date

SWELECTES Share Price: Frequently Asked Questions

What is the current share price of Swelect Energy Systems Ltd?

Swelect Energy Systems Ltd (SWELECTES) trades at ₹651.40 on NSE and BSE. Market cap ₹1.04K (Cr). Educational data only.

What is the P/E ratio of Swelect Energy Systems Ltd?

Swelect Energy Systems Ltd has a P/E of 30.72x vs industry average 47.05x.

What is the Bull Run score for Swelect Energy Systems Ltd?

Swelect Energy Systems Ltd has a Bull Run score of 45/100 based on 25+ financial parameters.

Does Swelect Energy Systems Ltd pay dividends?

Swelect Energy Systems Ltd has a dividend yield of 0.44%. Past dividends don't guarantee future payments.

What is the ROE of Swelect Energy Systems Ltd?

Swelect Energy Systems Ltd has ROE of 0.58%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Swelect Energy Systems Ltd?

Swelect Energy Systems Ltd has debt-to-equity of 0.75.

Is Swelect Energy Systems Ltd a good investment?

Bull Run gives Swelect Energy Systems Ltd a score of 45/100. This is not investment advice — consult a SEBI-registered advisor.