Swelect Energy Systems Limited

Swelect Energy Systems Limited (SWELECTES) is a micro-cap Capital Goods company valued at ₹956 crore operating in Heavy Electrical Equipment on the NSE and BSE.

Recent price move

Swelect Energy Systems Limited last traded at ₹627, modestly down 0.63% on the day.

Recent developments

On 2026-09-24, the company announced an additional investment in the equity shares of USolar Assetco Four Private Limited, a wholly owned subsidiary, indicating a strategic move to strengthen its solar-related activities.

Financial performance

The company's business is improving, with annual revenue rising 5.6% and net profit surging 311.3%. However, the latest quarter saw revenue and net profit both falling compared to the same quarter a year earlier, with revenue down 26.2% and net profit down 63.8%. The net profit margin has expanded significantly, up 6.5 percentage points to 8.8%, while return on equity remains at 6.0%.

Valuation multiples

The stock trades at 17.2 times earnings, 0.94 times book value. It yields 0.6%.

Things to watch

The latest quarter showed a sharp decline in net profit, down 63.8% compared to the same quarter a year earlier. The stock is 39.3% below its 52-week high, and the company's recent quarterly performance suggests a slowdown in profitability despite strong annual growth.

Where it stands

The company has delivered strong annual growth in both revenue and net profit, but recent quarterly results show a reversal in momentum. The most significant movement is the sharp drop in net profit for the latest quarter, which contrasts with the annual growth trend. The stock remains 39.3% below its 52-week high.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.