About
Swelect Energy Systems Limited engages in the manufacture and trading of solar mounting structures, solar photovoltaic inverters**and other ancillary products in India. The company offers photovoltaic modules, including mono PERC, TOPCon, monofacial, bifacial, domestic content requirements, and non-DCR; module mounting structures (MMS), such as ground mount, rooftop, and solar water pumps; energy storage systems, including solar energy storage systems, and solar-wind hybrid energy storage systems. It also provides electrical BoS, such as string combiner boxes (SCBs), DCDBs, AJBs, and ACDBs; and auxiliary transformers, including servo stabilisers. In addition, the company distributes solar power products, such as solar modules and MMS plus BOS accessories. Further, the company engages in solar and wind power generation, and provision of contract manufacturing and installation and maintenance services. It serves homes, SME'S, EPC, O&M services, and independent power producer markets. The company was formerly known as Numeric Power Systems Limited and changed its name to Swelect Energy Systems Limited in May 2012. Swelect Energy Systems Limited was incorporated in 1994 and is based in Chennai, India.
Key Metrics
as of Sep 2026Market Cap865 Cr
P/E20.10
Div Yield0.61 %
Book Value₹608.00
52w High₹979.00
52w Low₹480.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 130.77 | 202.42 | 138.63 | 138.86 | 177.22 | 218.81 | 91.38 | 197.64 | 113.84 | 75.52 | 63.54 | 48.35 | 85.05 |
| Expenses | 102.37 | 166.94 | 105.21 | 98.10 | 135.50 | 190.18 | 72.97 | 168.81 | 92.85 | 51.66 | 40.06 | 31.57 | 61.50 |
| Operating Profit | 28.40 | 35.48 | 33.42 | 40.76 | 41.72 | 28.63 | 18.41 | 28.83 | 20.99 | 23.86 | 23.48 | 16.78 | 23.55 |
| OPM % | 21.72 | 17.53 | 24.11 | 29.35 | 23.54 | 13.08 | 20.15 | 14.59 | 18.44 | 31.59 | 36.95 | 34.71 | 27.69 |
| Other Income | 9.94 | 7.29 | 6.75 | 8.52 | 11.62 | 14.05 | 8.94 | 12.07 | 11.88 | 45.14 | 6.94 | 12.15 | 12.70 |
| Depreciation | 12.70 | 12.75 | 11.66 | 12.80 | 11.56 | 11.27 | 11.24 | 10.42 | 10.25 | 11.97 | 10.00 | 10.08 | 11.43 |
| Interest | 15.24 | 17.22 | 14.50 | 15.57 | 13.93 | 15.67 | 13.11 | 14.74 | 13.51 | 17.40 | 12.03 | 10.76 | 11.15 |
| Profit before tax | 10.40 | 12.80 | 14.01 | 20.91 | 27.85 | 15.74 | 3.00 | 15.74 | 9.11 | 39.63 | 8.39 | 8.09 | 13.67 |
| Tax % | 26.35 | 13.36 | 32.05 | 24.29 | 24.09 | 42.95 | 453.00 | 42.95 | 27.66 | 9.08 | 2.03 | 9.64 | 15.44 |
| Net Profit | 7.66 | 11.09 | 9.52 | 15.83 | 21.14 | 8.98 | -10.58 | 8.99 | 6.59 | 36.02 | 8.22 | 7.31 | 11.55 |
| EPS in Rs | 4.66 | 6.73 | 6.11 | 10.01 | 13.55 | 5.84 | -7.10 | 5.43 | 4.14 | 23.97 | 5.23 | 4.51 | 7.20 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 657.00 | 622.00 | 243.00 | 246.00 | 391.00 | 253.00 | 252.00 | 228.00 | 294.00 | 241.00 | 276.00 | 222.00 |
| Expenses | 506.00 | 525.00 | 159.00 | 184.00 | 321.00 | 202.00 | 216.00 | 202.00 | 261.00 | 217.00 | 253.00 | 214.00 |
| Operating Profit | 151.00 | 97.00 | 84.00 | 62.00 | 70.00 | 51.00 | 36.00 | 25.00 | 34.00 | 24.00 | 23.00 | 8.00 |
| OPM % | 23.00 | 16.00 | 35.00 | 25.00 | 18.00 | 20.00 | 14.00 | 11.00 | 11.00 | 10.00 | 8.00 | 3.50 |
| Other Income | 34.00 | 47.00 | 79.00 | 2.00 | 21.00 | 23.00 | 4.00 | 27.00 | 27.00 | 36.00 | 32.00 | 24.00 |
| Interest | 61.00 | 57.00 | 51.00 | 30.00 | 25.00 | 18.00 | 17.00 | 15.00 | 10.00 | 10.00 | 12.00 | 13.00 |
| Depreciation | 49.00 | 43.00 | 42.00 | 26.00 | 31.00 | 28.00 | 30.00 | 26.00 | 23.00 | 19.00 | 17.00 | 17.00 |
| Profit before tax | 76.00 | 44.00 | 70.00 | 8.00 | 36.00 | 28.00 | -7.00 | 10.00 | 27.00 | 31.00 | 26.00 | 2.00 |
| Tax % | 24.00 | 68.00 | 10.00 | 18.00 | 9.00 | 5.00 | 45.00 | 35.00 | 42.00 | 30.00 | 36.00 | 117.00 |
| Net Profit | 58.00 | 14.00 | 63.00 | 6.00 | 32.00 | 26.00 | -10.00 | 7.00 | 16.00 | 22.00 | 17.00 | 0.00 |
| EPS in Rs | 36.39 | 8.31 | 40.88 | 3.65 | 21.37 | 17.20 | -6.71 | 4.49 | 10.45 | 14.23 | 10.89 | -0.25 |
| Dividend Payout % | 10.00 | 36.00 | 10.00 | 33.00 | 14.00 | 17.00 | -30.00 | 37.00 | 25.00 | 19.00 | 24.00 | -665.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Reserves | 906.00 | 842.00 | 823.00 | 772.00 | 760.00 | 727.00 | 704.00 | 716.00 | 705.00 | 690.00 | 672.00 | 668.00 |
| Borrowings | 798.00 | 629.00 | 569.00 | 550.00 | 459.00 | 358.00 | 228.00 | 198.00 | 206.00 | 114.00 | 132.00 | 139.00 |
| Other Liabilities | 364.00 | 263.00 | 254.00 | 148.00 | 166.00 | 90.00 | 97.00 | 70.00 | 70.00 | 87.00 | 57.00 | 84.00 |
| Total Liabilities | 2,082.00 | 1,749.00 | 1,661.00 | 1,485.00 | 1,401.00 | 1,192.00 | 1,044.00 | 994.00 | 991.00 | 901.00 | 871.00 | 901.00 |
| Fixed Assets | 842.00 | 813.00 | 717.00 | 666.00 | 566.00 | 463.00 | 441.00 | 427.00 | 376.00 | 323.00 | 301.00 | 290.00 |
| CWIP | 162.00 | 7.00 | 7.00 | 32.00 | 25.00 | 72.00 | 11.00 | 13.00 | 12.00 | 3.00 | 1.00 | 17.00 |
| Investments | 276.00 | 268.00 | 275.00 | 285.00 | 291.00 | 277.00 | 242.00 | 258.00 | 272.00 | 257.00 | 288.00 | 257.00 |
| Other Assets | 802.00 | 661.00 | 663.00 | 504.00 | 519.00 | 380.00 | 350.00 | 296.00 | 331.00 | 319.00 | 281.00 | 337.00 |
| Total Assets | 2,082.00 | 1,749.00 | 1,661.00 | 1,485.00 | 1,401.00 | 1,192.00 | 1,044.00 | 994.00 | 991.00 | 901.00 | 871.00 | 901.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 95.00 | 130.00 | 90.00 | 131.00 | 97.00 | 33.00 | 28.00 | 69.00 | 3.00 | 29.00 | 4.00 | -5.00 |
| Cash from Investing Activity | -198.00 | -113.00 | -83.00 | -284.00 | -73.00 | -142.00 | -30.00 | -120.00 | -98.00 | 18.00 | 42.00 | 49.00 |
| Cash from Financing Activity | 50.00 | 19.00 | 34.00 | 11.00 | 99.00 | 94.00 | -4.00 | -53.00 | 49.00 | -52.00 | -28.00 | 15.00 |
| Net Cash Flow | -52.00 | 37.00 | 40.00 | -142.00 | 124.00 | -15.00 | -6.00 | -103.00 | -47.00 | -5.00 | 17.00 | 59.00 |
| Free Cash Flow | -138.00 | -7.00 | -38.00 | -19.00 | 11.00 | -82.00 | -19.00 | 1.00 | -97.00 | 17.00 | -82.00 | -49.00 |
| CFO/OP % | 68.00 | 142.00 | 115.00 | 217.00 | 149.00 | 73.00 | 89.00 | 300.00 | 42.00 | 144.00 | 43.00 | 14.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34.00 | 38.00 | 78.00 | 99.00 | 80.00 | 96.00 | 78.00 | 64.00 | 72.00 | 109.00 | 93.00 | 91.00 |
| Inventory Days | 179.00 | 166.00 | 1,034.00 | 412.00 | 289.00 | 210.00 | 209.00 | 191.00 | 135.00 | 157.00 | 83.00 | 86.00 |
| Days Payable | 150.00 | 108.00 | 411.00 | 244.00 | 231.00 | 178.00 | 160.00 | 173.00 | 104.00 | 176.00 | 91.00 | 107.00 |
| Cash Conversion Cycle | 63.00 | 95.00 | 702.00 | 267.00 | 138.00 | 129.00 | 128.00 | 82.00 | 103.00 | 90.00 | 86.00 | 70.00 |
| Working Capital Days | -84.00 | -62.00 | -275.00 | -267.00 | -99.00 | -186.00 | -178.00 | -175.00 | -107.00 | -23.00 | -15.00 | 128.00 |
| ROCE % | 8.00 | 5.00 | 5.00 | 4.00 | 5.00 | 4.00 | 2.00 | 1.00 | 4.00 | 5.00 | 3.00 | 1.00 |
Corporate Actions
30 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 24 Jul 2026 | 24 Jul 2026 | — | 3.50 | |
| Dividend | 18 Jul 2025 | 18 Jul 2025 | — | 3.00 | |
| Dividend | 22 Jul 2024 | — | — | 1.00 | NSE/BSE dividend mismatch: BSE/NSE=3.0; BSE/NSE=1.0 |
| Dividend | 22 Jul 2024 | — | — | 3.00 | NSE/BSE dividend mismatch: BSE/NSE=3.0; BSE/NSE=1.0 |
| Dividend | 19 Jul 2023 | — | — | 1.20 | |
| Dividend | 20 Jul 2022 | — | — | 3.00 | |
| Dividend | 16 Jul 2021 | — | — | 3.00 | |
| Dividend | 01 Sep 2020 | — | — | 0.75 | |
| Dividend | 27 Feb 2020 | 28 Feb 2020 | — | 1.25 | |
| Bonus | 22 Aug 2019 | 23 Aug 2019 | 1:2 | — | |
| Dividend | 01 Aug 2019 | — | — | 2.50 | |
| Dividend | 01 Aug 2018 | — | — | 4.00 | |
| Dividend | 03 Aug 2017 | — | — | 4.00 | |
| Dividend | 20 Jul 2016 | — | — | 1.00 | |
| Dividend | 22 Mar 2016 | 24 Mar 2016 | — | 3.00 | |
| Dividend | 22 Jul 2015 | — | — | 2.50 | |
| Dividend | 25 Jun 2014 | — | — | 9.00 | |
| Other | 25 Jun 2014 | — | — | — | Annual General Meeting / Dividend - Re. 9/- Per Equity Share |
| Dividend | 18 Jul 2013 | — | — | 8.00 | |
| Other | 18 Jul 2013 | — | — | — | Annual General Meeting/Dividend Rs 8/- Per Equity Share |
| Dividend | 17 Jul 2012 | — | — | 120.00 | NSE/BSE dividend mismatch: BSE/NSE=3.0; BSE/NSE=120.0 |
| Dividend | 17 Jul 2012 | — | — | 3.00 | NSE/BSE dividend mismatch: BSE/NSE=3.0; BSE/NSE=120.0 |
| Dividend | 02 Aug 2011 | — | — | 3.00 | |
| Dividend | 03 Aug 2010 | — | — | 3.00 | |
| Bonus | 14 Oct 2009 | 15 Oct 2009 | 1:1 | — | |
| Dividend | 17 Aug 2009 | — | — | 5.00 | |
| Dividend | 08 Aug 2008 | — | — | 5.00 | |
| Dividend | 31 Jul 2007 | — | — | 4.50 | |
| Dividend | 04 Jul 2006 | — | — | 4.00 | |
| Dividend | 31 Jan 2002 | — | — | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update30 Apr from crisil
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Rating update2 May 2025 from crisil
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Rating update5 Feb 2025 from crisil
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Rating update6 Feb 2024 from crisil
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Rating update18 Jan 2024 from crisil
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Rating update19 Dec 2023 from crisil