Swelect Energy SYS Ltd

NSE: SWELECTES · Heavy Electrical Equipment · sector

₹605.95NSE close 2026-10-26

Key numbers

Market cap₹919 cr

Price₹605.95

52w high / low₹850 / ₹483

P/E21.7xSector median 27.8x

P/B1.0xSector median 5.4x

Book value₹607.7

Dividend yield0.49%Sector median 0.19%

ROE4.7%Sector median 18.8%

ROCE7.0%Sector median 21.4%

OPM22.3%Sector median 15.1%

Debt / equity0.87xSector median 0.09x

EV/EBITDA9.2xSector median 21.4x

Interest cover1.9x

Current ratio1.49x

Sales growth 3y+21.5%Sector median +22.1%

Profit growth 3y+115.1%Sector median +27.5%

PEG0.21x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 43 companies in Heavy Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹471 cr vs borrowings ₹798 cr (FY26): borrowings are higher by ₹327 cr.
Borrowings rose in each of the last 3 years (₹550 cr → ₹798 cr).
Operating profit covered interest 1.9x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 0 of the last 5 years.
Net loss in 1 of the last 8 quarters.
Revenue was higher than a year earlier in 1 of the last 4 quarters.
Other income was 83% of net profit in the last 12 months.
Debtor days went from 78 (FY24) to 34 (FY26).
Dividend paid in 5 of the last 5 financial years.
Price ₹605.95 on 2026-10-26: -28.7% from the 52-week high, +25.4% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹1,240.40 · low ₹485.35

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	198	91	219	177	139	139	202	131
EBITDA	29	18	29	42	41	32	35	28
OPM %	14.6%	20.1%	13.1%	23.5%	29.4%	22.8%	17.5%	21.7%
Other income	12	9	14	12	9	9	7	10
Net profit	8	-11	9	21	15	9	10	7
EPS (₹)	5.93	-6.98	5.92	13.95	10.45	6.11	6.73	4.66
Revenue YoY					-29.7%	+51.7%	-7.5%	-26.2%
Profit YoY					+84.3%	–	+15.3%	-65.6%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	391	366	243	622	657	611
EBITDA	70	72	116	97	150	136
Net profit	32	6	62	13	55	42
EPS (₹)	21.39	4.23	41.62	9.22	36.40	27.95
Revenue growth		-6.4%	-33.7%	+156.1%	+5.7%	-10.9%
Profit growth		-82.9%	+1,019.3%	-79.7%	+337.9%	+55.3%
Dividend / share (₹)	3.00	3.00	1.20	3.00	3.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+21.5%	+21.1%	-10.9%
Net profit	+115.1%	+16.2%	+55.3%
EPS	+104.9%	+16.2%	–
Share price	–	-27.0% (2y)	-28.1%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	787	839	857	921
Borrowings	–	550	569	628	798
Cash & equivalents	–	291	509	460	471
Total assets	–	1,487	1,662	1,750	2,083
Fixed assets	–	503	563	669	706
Capital work in progress	–	32	7	7	162
Investments	–	5	0	0	0
Receivables	–	67	52	65	61
Inventory	–	137	230	172	173
Payables	–	81	91	113	145

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	106	131	90	130	95
Cash from investing	91	-284	-82	-113	-198
Cash from financing	99	11	32	19	50
Capex	87	151	128	138	242
Free cash flow	20	-20	-38	-7	-146

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	0.7%	7.4%	1.5%	6.0%
ROCE %	–	4.7%	7.9%	6.8%	8.0%
Debtor days	–	67	78	38	34
Inventory days	–	269	1,034	166	179
Payable days	–	160	411	108	150
Cash conversion cycle (days)	–	176	701	96	63
Working capital days	–	276	490	208	177

Shareholding

Holder	% (2026-09-30)
Promoters	56.37%
FIIs	0.07%
Public (non-institutions)	43.57%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	56.37%	56.37%	56.37%	56.37%	56.37%	56.37%	56.37%	56.37%

Promoter group	%
Chellappan R	48.80%
Balan A	3.10%
V C Raghunath	1.16%
Nachiappan K V	1.09%
Gunasundari C	0.81%
Mirunalini V C	0.47%
Raghunath V C	0.39%
Aarthi Balan	0.16%
Preetha Balan	0.16%
Vasantha B	0.11%
Rishii Nandhan K N	0.10%
Jayashree Nachiappan	0.01%
Swelect Electronics Private Limited	0.00%

Public holders above 1%	%
ZEN Securities Ltd	2.05%
Nalanda Securities Private Limited	1.74%
Ketan Chhaganlal Dedhia	1.72%
Vattur S Rajendran	1.40%
Hitesh Satishchandra Doshi	1.28%

26,571 shareholders. Pledged: 0.00% of promoter shares.

Peers in Heavy Electrical Equipment

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
BHEL	₹1,37,384 cr	47.7x	5.1x	11.2%	13.5%	10.1%	+13.1%	0.12%
ABB	₹1,34,715 cr	45.1x	14.4x	36.1%	22.4%	14.0%	–	–
CGPOWER	₹1,31,237 cr	104.9x	16.5x	16.5%	21.3%	12.5%	+30.7%	0.16%
POWERINDIA	₹1,19,751 cr	104.0x	23.1x	24.5%	29.9%	14.9%	+22.2%	0.02%
SIEMENS	₹1,16,725 cr	35.6x	8.4x	25.0%	14.2%	10.0%	+41.0%	0.37%
ENRIN	₹98,074 cr	65.9x	20.4x	34.3%	42.0%	20.9%	–	0.14%
GVT&D	₹97,043 cr	74.3x	36.1x	58.5%	65.5%	25.2%	+30.8%	0.13%
SUZLON	₹51,051 cr	16.3x	5.4x	40.4%	29.2%	17.7%	+41.0%	–
THERMAX	₹35,902 cr	60.5x	6.5x	11.3%	12.5%	8.6%	+9.8%	0.44%
SWELECTES	₹919 cr	21.7x	1.0x	4.7%	7.0%	22.3%	+21.5%	0.49%

All 43 companies in Heavy Electrical Equipment →

Dividends & corporate actions

Ex-date	Action	Detail
2026-07-24	Dividend	Dividend - Rs 3.50 Per Share
2025-07-18	Dividend	Annual General Meeting/Dividend - Rs 3 Per Share
2024-07-22	Dividend	Annual General Meeting/Dividend - Rs 3 Per Share/Special Dividend - Re 1 Per Share
2023-07-19	Dividend	Annual General Meeting/Dividend - Rs 1.20 Per Share
2022-07-20	Dividend	Annual General Meeting/Dividend - Rs 3 Per Share
2021-07-16	Dividend	Annual General Meeting/Dividend - Rs 3 Per Share
2020-09-01	Dividend	Annual General Meeting/Dividend - Rs 0.75 Per Share
2020-02-27	Dividend	Interim Dividend - Rs 1.25 Per Share
2019-08-22	Bonus	Bonus 1:2
2019-08-01	Dividend	Annual General Meeting/Dividend - Rs 2.5 Per Share
2018-08-01	Dividend	Annual General Meeting/Dividend- Rs 4 Per Share
2017-08-03	Dividend	Annual General Meeting/Dividend - Rs 4 Per Share
2016-07-20	Dividend	Annual General Meeting/ Dividend - Re 1/- Per Share
2016-03-22	Dividend	Interim Dividend - Rs 3/- Per Share
2015-07-22	Dividend	Annual General Meeting/ Dividend - Rs 2.50/- Per Share
2014-06-25	Dividend	Annual General Meeting / Dividend - Re. 9/- Per Equity Share
2013-07-18	Dividend	Annual General Meeting/Dividend Rs 8/- Per Equity Share
2012-07-17	Dividend	Annual General Meeting/Final Dividend Rs.3/- Per Share/Interim Dividend Rs.120/- Per Share (Purpose Revised)
2011-08-02	Dividend	Annual General Meeting And Dividend Rs.3/- Per Share
2010-08-03	Dividend	Annual General Meeting And Dividend Rs.3/- Per Share

Documents

Links go to the original files on the exchange website.

About the company


Sector	Industrials
Industry	Heavy Electrical Equipment
Sub-industry	Heavy Electrical Equipment
Symbol	SWELECTES
BSE code	532051
ISIN	INE409B01013
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.