Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Swelect Energy Systems Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹40.40Overvalued by 92.41%vs CMP ₹532.00

P/E (14.7) × ROE (0.6%) × BV (₹589.00) × DY (0.56%)

₹337.70Overvalued by 36.52%vs CMP ₹532.00
MoS: -57.5% (Negative)Confidence: 48/100 (Moderate)Models: 2 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹44.7226%Over (-91.6%)
Graham NumberEarnings₹686.0018%Under (+28.9%)
DCFCash Flow₹180.4115%Over (-66.1%)
Net Asset ValueAssets₹588.698%Under (+10.7%)
EV/EBITDAEnterprise₹299.2910%Over (-43.7%)
Earnings YieldEarnings₹355.108%Over (-33.3%)
ROCE CapitalReturns₹489.898%Fair (-7.9%)
Revenue MultipleRevenue₹410.046%Over (-22.9%)
Consensus (8 models)₹337.70100%Overvalued
Key Drivers: ROE 0.6% is below cost of equity. | Wide model spread (₹45–₹686) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 10.7%

*Investments are subject to market risks

Analyst Summary

Swelect Energy Systems Ltd operates in the Electric Equipment - General segment, NSE: SWELECTES | BSE: 532051, current market price is ₹532.00, market cap is 807 Cr.. At a glance, stock P/E is 14.7, ROE is 0.58 %, ROCE is 5.06 %, book value is 589, dividend yield is 0.56 %. The latest intrinsic value estimate is ₹337.70, around 36.5% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹622 Cr versus the prior period change of 156.0%, while latest net profit is about ₹14 Cr with a prior-period change of -77.8%. The 52-week range shown on this page is 979/480, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisSwelect 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…

This summary is generated from the stock page data available for Swelect Energy Systems Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

63
Swelect Energy Systems Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 5.1% WeakROE 0.6% WeakD/E 0.46 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.16% (6mo) Slight increasePromoter holding at 56.4% Stable
Earnings Quality50/100 · Moderate
OPM stable around 26% Steady
Quarterly Momentum100/100 · Strong
Revenue (4Q): +41% YoY AcceleratingProfit (4Q): +35% YoY StrongOPM: 24.1% (up 4.0% YoY) Margin expansion
Industry Rank55/100 · Moderate
P/E 14.7 vs industry 61.2 Cheaper than peersROCE 5.1% vs industry 16.4% Below peersROE 0.6% vs industry 15.9% Below peers3Y sales CAGR: 21% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:45 am

Market Cap 807 Cr.
Current Price 532
Intrinsic Value₹337.70
High / Low 979/480
Stock P/E14.7
Book Value 589
Dividend Yield0.56 %
ROCE5.06 %
ROE0.58 %
Face Value 10.0
PEG Ratio1.38

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Swelect Energy Systems Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Swelect Energy Systems Ltd 807 Cr. 532 979/48014.7 5890.56 %5.06 %0.58 % 10.0
Igarashi Motors India Ltd 927 Cr. 294 665/27168.1 1480.85 %7.73 %5.30 % 10.0
Salzer Electronics Ltd 931 Cr. 526 1,148/48917.9 3150.47 %12.8 %10.6 % 10.0
Kirloskar Electric Company Ltd 588 Cr. 88.5 152/74.931.7 18.80.00 %8.35 %6.12 % 10.0
Modern Insulators Ltd 1,080 Cr. 229 290/77.416.1 1060.00 %8.98 %7.36 % 10.0
Industry Average12,116.17 Cr516.5461.1898.010.35%16.40%15.91%6.47

All Competitor Stocks of Swelect Energy Systems Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 25.6361.7385.0548.3563.5475.52113.84197.6491.38218.81177.22138.86138.63
Expenses 15.5749.7661.5031.5740.0651.6692.85168.8172.97190.18135.5098.10105.21
Operating Profit 10.0611.9723.5516.7823.4823.8620.9928.8318.4128.6341.7240.7633.42
OPM % 39.25%19.39%27.69%34.71%36.95%31.59%18.44%14.59%20.15%13.08%23.54%29.35%24.11%
Other Income 3.478.7512.7012.156.9445.1411.8812.078.9414.0511.628.526.75
Interest 8.128.4611.1510.7612.0317.4013.5114.7413.1115.6713.9315.5714.50
Depreciation 6.257.1211.4310.0810.0011.9710.2510.4211.2411.2711.5612.8011.66
Profit before tax -0.845.1413.678.098.3939.639.1115.743.0015.7427.8520.9114.01
Tax % 10.71%14.79%15.44%9.64%2.03%9.08%27.66%42.95%453.00%42.95%24.09%24.29%32.05%
Net Profit -0.944.3811.557.318.2236.026.598.99-10.588.9821.1415.839.52
EPS in Rs -0.502.317.204.515.2323.974.145.43-7.105.8413.5510.016.11

Last Updated: March 3, 2026, 2:24 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 1:51 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 176222276241294228252253354246243622674
Expenses 170214253217261202216202273184159525529
Operating Profit 6823243425365181628497145
OPM % 4%3%8%10%11%11%14%20%23%25%35%16%21%
Other Income 27243236272742352794741
Interest 5131210101517182330515760
Depreciation 10171719232630282826424347
Profit before tax 18226312710-728368704479
Tax % 11%117%36%30%42%35%45%5%9%18%10%68%
Net Profit 17-01722167-1026326631455
EPS in Rs 10.64-0.2510.8914.2310.454.49-6.7117.2021.373.6540.888.3135.51
Dividend Payout % 56%-665%24%19%25%37%-30%17%14%33%10%36%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-100.00%29.41%-27.27%-56.25%-242.86%360.00%23.08%-81.25%950.00%-77.78%
Change in YoY Net Profit Growth (%)0.00%129.41%-56.68%-28.98%-186.61%602.86%-336.92%-104.33%1031.25%-1027.78%

Swelect Energy Systems Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:20%
3 Years:21%
TTM:127%
Compounded Profit Growth
10 Years:24%
5 Years:14%
3 Years:-45%
TTM:30%
Stock Price CAGR
10 Years:11%
5 Years:41%
3 Years:29%
1 Year:-45%
Return on Equity
10 Years:2%
5 Years:2%
3 Years:1%
Last Year:1%

Last Updated: September 5, 2025, 1:41 pm

Balance Sheet

Last Updated: December 10, 2025, 3:30 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10101010101015151515151515
Reserves 668668672690705716704727760772823842878
Borrowings 101139132114206198228358459550569628666
Other Liabilities 9984578770709790166148254265220
Total Liabilities 8799018719019919941,0441,1921,4011,4851,6611,7491,779
Fixed Assets 267290301323376427441463566666717813801
CWIP 1217131213117225327749
Investments 292257288257272258242277291285275268281
Other Assets 309337281319331296350380519504663661648
Total Assets 8799018719019919941,0441,1921,4011,4851,6611,7491,779

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -44-542936928339713190130
Cash from Investing Activity + 19494218-98-120-30-142-73-284-83-113
Cash from Financing Activity + 4415-28-5249-53-49499113419
Net Cash Flow 195917-5-47-103-6-15124-1424037
Free Cash Flow -133-49-8217-971-19-8211-19-38-7
CFO/OP -246%14%43%144%42%300%89%73%130%217%115%142%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-95.00-131.00-109.00-90.00-172.00-173.00-192.00-307.00-378.00-488.00-485.00-531.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 9091931097264789689997838
Inventory Days 12286831571351912092103464121,034166
Days Payable 14210791176104173160178277244411108
Cash Conversion Cycle 697086901038212812915826770295
Working Capital Days -20128-15-23-107-175-17812-109-267-275-62
ROCE %2%1%3%5%4%1%2%4%6%4%5%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 56.36%56.36%56.36%56.36%56.36%56.36%56.36%56.36%56.36%56.36%56.36%56.36%
FIIs 0.00%0.03%0.06%0.04%0.06%0.12%0.07%0.09%0.06%0.05%0.04%0.22%
DIIs 0.00%0.00%0.41%0.00%0.47%0.20%0.00%0.00%0.04%0.04%0.00%0.00%
Public 43.64%43.61%43.17%43.60%43.11%43.32%43.57%43.54%43.53%43.54%43.60%43.41%
No. of Shareholders 14,70713,64216,53116,84423,90527,19245,23047,66133,57231,52330,58428,836

Shareholding Pattern Chart

No. of Shareholders

Swelect Energy Systems Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 9.2241.624.2421.3917.18
Diluted EPS (Rs.) 9.2241.624.2421.3917.18
Cash EPS (Rs.) 37.7269.2226.3041.7935.74
Book Value[Excl.RevalReserv]/Share (Rs.) 562.72563.44527.75516.59491.69
Book Value[Incl.RevalReserv]/Share (Rs.) 565.14565.86530.18519.01494.15
Revenue From Operations / Share (Rs.) 410.11160.16241.43258.01166.59
PBDIT / Share (Rs.) 94.8879.5163.5360.2452.98
PBIT / Share (Rs.) 66.4051.9141.4639.8334.42
PBT / Share (Rs.) 28.7839.7320.5223.4318.15
Net Profit / Share (Rs.) 9.2441.634.2421.3917.18
NP After MI And SOA / Share (Rs.) 8.3140.913.6621.3817.20
PBDIT Margin (%) 23.1349.6426.3123.3431.80
PBIT Margin (%) 16.1932.4117.1715.4320.66
PBT Margin (%) 7.0124.808.509.0710.89
Net Profit Margin (%) 2.2525.991.758.2810.30
NP After MI And SOA Margin (%) 2.0225.541.518.2810.32
Return on Networth / Equity (%) 1.477.420.704.193.52
Return on Capital Employeed (%) 8.127.116.006.145.72
Return On Assets (%) 0.723.730.372.302.18
Long Term Debt / Equity (X) 0.360.260.290.240.20
Total Debt / Equity (X) 0.730.670.700.590.46
Asset Turnover Ratio (%) 0.360.150.170.230.17
Current Ratio (X) 1.691.591.631.682.04
Quick Ratio (X) 1.361.171.321.301.81
Inventory Turnover Ratio (X) 3.090.750.271.531.07
Dividend Payout Ratio (NP) (%) 48.132.9382.0214.034.05
Dividend Payout Ratio (CP) (%) 10.871.7511.667.171.94
Earning Retention Ratio (%) 51.8797.0717.9885.9795.95
Cash Earning Retention Ratio (%) 89.1398.2588.3492.8398.06
Interest Coverage Ratio (X) 2.522.373.033.674.52
Interest Coverage Ratio (Post Tax) (X) 1.251.411.942.302.86
Enterprise Value (Cr.) 1274.241797.52986.29934.51500.58
EV / Net Operating Revenue (X) 2.057.402.692.391.98
EV / EBITDA (X) 8.8614.9110.2410.236.23
MarketCap / Net Operating Revenue (X) 1.325.961.181.471.21
Retention Ratios (%) 51.8697.0617.9785.9695.94
Price / BV (X) 0.961.730.550.740.41
Price / Net Operating Revenue (X) 1.325.961.181.471.21
EarningsYield 0.010.040.010.050.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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. 431.34 Cr. and Equity Capital is Rs. 15.16 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electric Equipment - General'Swelect House', No. 5, Sir P.S. Sivasamy Salai, Chennai (Madras) Tamil Nadu 600004Contact not found
Management
NamePosition Held
Mr. S AnnaduraiChairman
Mr. R ChellappanManaging Director
Mr. A BalanJoint Managing Director
Mr. V C RaghunathWhole Time Director
Mrs. V C MirunaliniWhole Time Director
Mr. K V NachiappanWhole Time Director
Mrs. Jayashree NachiappanNon Exe.Non Ind.Director
Mr. G S SamuelIndependent Director
Dr. M RaviIndependent Director
Dr. S IniyanIndependent Director
Mrs. Uma PrakashAdditional Director

FAQ

What is the intrinsic value of Swelect Energy Systems Ltd and is it undervalued?

As of 21 April 2026, Swelect Energy Systems Ltd's intrinsic value is ₹337.70, which is 36.52% lower than the current market price of ₹532.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.58 %), book value (₹589), dividend yield (0.56 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Swelect Energy Systems Ltd?

Swelect Energy Systems Ltd is trading at ₹532.00 as of 21 April 2026, with a FY2026-2027 high of ₹979 and low of ₹480. The stock is currently near its 52-week low. Market cap stands at ₹807 Cr..

How does Swelect Energy Systems Ltd's P/E ratio compare to its industry?

Swelect Energy Systems Ltd has a P/E ratio of 14.7, which is below the industry average of 61.18. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Swelect Energy Systems Ltd financially healthy?

Key indicators for Swelect Energy Systems Ltd: ROCE of 5.06 % is on the lower side compared to the industry average of 16.40%; ROE of 0.58 % is below ideal levels (industry average: 15.91%). Dividend yield is 0.56 %.

Is Swelect Energy Systems Ltd profitable and how is the profit trend?

Swelect Energy Systems Ltd reported a net profit of ₹14 Cr in Mar 2025 on revenue of ₹622 Cr. Compared to ₹32 Cr in Mar 2022, the net profit shows a declining trend.

Does Swelect Energy Systems Ltd pay dividends?

Swelect Energy Systems Ltd has a dividend yield of 0.56 % at the current price of ₹532.00. The company pays dividends, though the yield is modest.

Last Updated: April 2, 2026, 3:45 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532051 | NSE: SWELECTES
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
Explore Industry-wise Stock Analysis Reports