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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Swelect Energy Systems Ltd

About the Company - Swelect Energy Systems Ltd

Swelect Energy Systems Ltd. is a Public Limited Listed company incorporated on 12/09/1994 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L93090TN1994PLC028578 and registration number is 028578. Currently Company is involved in the business activities of Manufacture of other electrical equipment. Company’s Total Operating Revenue is Rs. 285.73 Cr. and Equity Capital is Rs. 15.16 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Electric Equipment - General'Swelect House', No. 5, Sir P.S. Sivasamy Salai, Chennai (Madras) Tamil Nadu 600004info@swelectes.com
http://www.swelectes.com
Management
NamePosition Held
Mr. S AnnaduraiChairman
Mr. R ChellappanManaging Director
Dr. S IniyanIndependent Director
Mr. A BalanJoint Managing Director
Mr. V C RaghunathWhole Time Director
Mrs. V C MirunaliniWhole Time Director
Mr. K V NachiappanWhole Time Director
Mr. G S SamuelIndependent Director
Mrs. Jayashree NachiappanNon Exe.Non Ind.Director
Mr. S KrishnanIndependent Director
Dr. M RaviIndependent Director

Swelect Energy Systems Ltd. Share Price Update

Share PriceValue
Today₹950.10
Previous Day₹886.85

Basic Stock Data of Swelect Energy Systems Ltd

Market Cap 1,700 Cr.
Current Price 1,121
High / Low1,159/263
Stock P/E63.6
Book Value 534
Dividend Yield0.11 %
ROCE4.41 %
ROE0.21 %
Face Value 10.0

Data Source: screener.in

Competitors of Swelect Energy Systems Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Havells India Ltd 88,820 Cr. 1,4171,472/1,12875.1 1100.54 %22.3 %17.0 % 1.00
Salzer Electronics Ltd 1,046 Cr. 602610/23626.1 2450.37 %12.0 %9.70 % 10.0
Orient Electric Ltd 4,384 Cr. 205280/18960.6 28.80.72 %19.2 %13.5 % 1.00
V-Guard Industries Ltd 13,565 Cr. 312335/23868.5 37.90.42 %14.5 %12.0 % 1.00
Schneider Electric Infrastructure Ltd 13,295 Cr. 556643/14661.1 9.230.00 %27.6 %1,195 % 2.00
Industry Average23.8 Cr335.258.2886.190.41%19.12%10.64%3

Swelect Energy Systems Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales52.1358.6178.5552.2952.66107.12158.9563.41158.0151.6992.8785.0583.83
Expenses37.4646.9966.9447.1339.1475.43135.9941.59133.6941.8976.8761.5060.13
Operating Profit14.6711.6211.615.1613.5231.6922.9621.8224.329.8016.0023.5523.70
OPM %28.14%19.83%14.78%9.87%25.67%29.58%14.44%34.41%15.39%18.96%17.23%27.69%28.27%
Other Income6.599.21-3.225.943.611.954.71-10.10-2.136.267.6412.707.38
Interest4.344.774.577.417.545.966.286.127.978.449.2111.1511.63
Depreciation6.857.077.256.934.347.348.227.807.898.469.3011.4311.36
Profit before tax10.078.99-3.43-3.245.2520.3413.17-2.206.33-0.845.1313.678.09
Tax %-0.79%0.89%-30.61%-10.49%4.00%8.21%6.61%-23.18%0.47%-10.71%14.81%15.44%9.64%
Net Profit10.168.91-4.47-3.585.0418.6712.30-2.716.32-0.944.3811.557.31
EPS in Rs6.705.88-2.92-2.363.2912.408.11-1.773.72-0.502.317.204.51

Swelect Energy Systems Ltd Quarterly Chart

Swelect Energy Systems Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales599176176222276241294228252253354366313
Expenses544173170214253217261202216202273294240
Operating Profit56368232434253651817273
OPM %9%2%4%3%8%10%11%11%14%20%23%20%23%
Other Income16732724323627274235134
Interest54513121010151718233240
Depreciation771017171923263028283341
Profit before tax4566518226312710-72836826
Tax %23%22%11%117%36%30%42%35%-45%5%9%18%
Net Profit3552117-01722167-102632622
EPS in Rs22.88342.6810.64-0.2510.8914.2310.454.49-6.7117.2021.373.6513.52
Dividend Payout %9%2%56%-665%24%19%25%37%-30%17%14%33%

Swelect Energy Systems Ltd Profit & Loss Yearly Chart

Swelect Energy Systems Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:4%
3 Years:13%
TTM:-29%
Compounded Profit Growth
10 Years:-25%
5 Years:-36%
3 Years:-14%
TTM:-27%
Stock Price CAGR
10 Years:25%
5 Years:49%
3 Years:76%
1 Year:252%
Return on Equity
10 Years:1%
5 Years:1%
3 Years:2%
Last Year:0%

Swelect Energy Systems Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10101010101010101515151515
Reserves282655668668672690705716704727760772794
Borrowings4347101139132114206198228358459550618
Other Liabilities90939984578770709790166148129
Total Liabilities4268058799018719019919941,0441,1921,4011,4851,557
Fixed Assets115184267290301323376427441463566666699
CWIP21112171312131172253240
Investments1281292257288257272258242277291285277
Other Assets289339309337281319331296350380519504541
Total Assets4268058799018719019919941,0441,1921,4011,4851,557

Swelect Energy Systems Ltd Reserves and Borrowings Chart

Swelect Energy Systems Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 43-36-44-5429369283397131
Cash from Investing Activity -3417619494218-98-120-30-142-73-284
Cash from Financing Activity -12-1184415-28-5249-53-4949911
Net Cash Flow-323195917-5-47-103-6-15124-142

Swelect Energy Systems Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days7567909193109726478968967
Inventory Days1031041228683157135191209210346269
Days Payable3913414210791176104173160178277160
Cash Conversion Cycle139376970869010382128129158176
Working Capital Days1037341746573909277312173302
ROCE %16%8%2%1%3%5%4%1%2%4%6%4%

Swelect Energy Systems Ltd Financial Efficiency Indicators Chart

Swelect Energy Systems Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters56.37%56.37%56.37%56.37%56.37%56.37%56.36%56.36%56.36%56.36%56.36%56.36%
FIIs0.00%0.00%0.00%0.02%0.06%0.08%0.01%0.07%0.00%0.03%0.06%0.04%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.41%0.00%
Public43.63%43.63%43.63%43.61%43.57%43.56%43.64%43.56%43.64%43.61%43.17%43.60%
No. of Shareholders12,30912,97613,00213,63613,48916,25618,08618,78914,70713,64216,53116,844

Swelect Energy Systems Ltd Shareholding Pattern Chart

No. of Swelect Energy Systems Ltd Shareholders

This stock is not held by any mutual fund

Swelect Energy Systems Ltd ROCE Trend

Swelect Energy Systems Ltd EPS Trend

Swelect Energy Systems Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.2421.3917.18-6.716.76
Diluted EPS (Rs.)4.2421.3917.18-6.716.76
Cash EPS (Rs.)26.3041.7935.7412.9832.48
Book Value[Excl.RevalReserv]/Share (Rs.)527.75516.59491.69472.13714.63
Book Value[Incl.RevalReserv]/Share (Rs.)530.18519.01494.15474.63718.44
Revenue From Operations / Share (Rs.)241.43258.01166.59166.38225.29
PBDIT / Share (Rs.)63.5360.2452.9836.4950.94
PBIT / Share (Rs.)41.4639.8334.4216.8025.21
PBT / Share (Rs.)20.5223.4318.15-4.6310.34
Net Profit / Share (Rs.)4.2421.3917.18-6.716.76
NP After MI And SOA / Share (Rs.)3.6621.3817.20-6.716.76
PBDIT Margin (%)26.3123.3431.8021.9322.60
PBIT Margin (%)17.1715.4320.6610.0911.19
PBT Margin (%)8.509.0710.89-2.784.59
Net Profit Margin (%)1.758.2810.30-4.032.99
NP After MI And SOA Margin (%)1.518.2810.32-4.032.99
Return on Networth / Equity (%)0.704.193.52-1.420.94
Return on Capital Employeed (%)6.006.145.723.283.33
Return On Assets (%)0.372.302.18-0.970.68
Long Term Debt / Equity (X)0.290.240.200.050.03
Total Debt / Equity (X)0.700.590.460.300.27
Asset Turnover Ratio (%)0.170.230.170.140.12
Current Ratio (X)1.631.682.041.872.19
Quick Ratio (X)1.321.301.811.611.95
Inventory Turnover Ratio (X)0.271.531.071.760.69
Dividend Payout Ratio (NP) (%)82.0214.034.05-43.470.00
Dividend Payout Ratio (CP) (%)11.667.171.9422.460.00
Earning Retention Ratio (%)17.9885.9795.95143.470.00
Cash Earning Retention Ratio (%)88.3492.8398.0677.540.00
Interest Coverage Ratio (X)3.033.674.523.213.36
Interest Coverage Ratio (Post Tax) (X)1.942.302.861.291.43
Enterprise Value (Cr.)986.29934.51500.58222.71304.81
EV / Net Operating Revenue (X)2.692.391.980.881.34
EV / EBITDA (X)10.2410.236.234.035.92
MarketCap / Net Operating Revenue (X)1.181.471.210.491.07
Retention Ratios (%)17.9785.9695.94143.470.00
Price / BV (X)0.550.740.410.170.33
Price / Net Operating Revenue (X)1.181.471.210.491.07
EarningsYield0.010.050.08-0.080.02

Swelect Energy Systems Ltd Profitability Ratios (%)

Swelect Energy Systems Ltd Liquidity Ratios

Swelect Energy Systems Ltd Liquidity Ratios (%)

Swelect Energy Systems Ltd Interest Coverage Ratios (X)

Swelect Energy Systems Ltd Valuation Ratios

Fair Value / Intrinsic Value of Swelect Energy Systems Ltd

Fair Value: ₹71.40

The stock is overvalued by 93.63% compared to the current price ₹1121

*Investments are subject to market risks

Strength and Weakness of Swelect Energy Systems Ltd

StrengthWeakness
  1. The company has higher reserves (677.92 cr) compared to borrowings (245.62 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (288.46 cr) and profit (70.38 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 31.54 and average Dividend Yield of 14.91%.
  2. The stock has a low average ROCE of 4.67%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 125.17, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 105.58, which may not be favorable.

Should I Buy Swelect Energy Systems Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Swelect Energy Systems Ltd:
    1. Net Profit Margin: 1.75%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 6.00% (Industry Average ROCE: 13.01%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 1.94
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.32
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 59.6 (Industry average Stock P/E: 84.82)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.70
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Swelect Energy Systems Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE