Announcement
Announcement under Regulation 30 (LODR)-Acquisition 24 Sep - SWELECT will acquire GNU Solar Two and invest up to ₹20.77 crore in USolar Four for 26.6 MWp project.
Source: Bse
Swelect Energy Systems Limited (SWELECTES)
Small CapPower stocks · Small cap · NSE
Swelect Energy Systems Limited operates in Power Generation, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 01:16 pm ISTDetails
Quote21 Oct, 01:16 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result13 Aug, 06:42 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Power P/E 16.8 (n=92)
Technical timing lens
Trend score and candlestick chart
68BullishSMA20 +3.5% / mo · MACD +
Stock trend: 68
Sector RS: —
Power FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SWELECTESD candles · FIT view-10.4%TODAY · PROVISIONALLatest price ₹603.90 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-1.3%
RSI
51
MACD hist
1.81
52W pos
33%
2026-10-21O ₹612.05H ₹620.85L ₹601.00C ₹603.90Vol 15,642 shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SWELECTESNifty PowerNifty 500
- SWELECTES
- -0.7%
- Nifty 500
- -5.6%
- Nifty Power
- -13.0%
- Vs Nifty 500
- +4.9 pp
Chart stats
19 Oct 2026- From 52W high
- -37.2%
- 52W range position
- 26%
- ATR (14)
- 4.2%
- Volume vs 20D
- 0.27x
- Avg traded value
- ₹1.7 Cr
- 20D price channel
- ₹555 - ₹646.8
₹977
₹483.1 - ₹977
₹25.7
Latest completed session
20-session average
42.5% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST44
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -26.2% · PAT -63.8% YoY
Technical
Bullish68
Price trend and sector-relative-strength timing.
Valuation
Legacy model+12.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence65
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -26% YoY · PAT -64% YoY · margin compression
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹130.8 Cr | -26.2% | -35.4% |
| EBITDA | ₹28.4 Cr | -31.9% | -20.0% |
| Operating margin | 21.7% | -182 bps | +419 bps |
| PAT | ₹7.7 Cr | -63.8% | -30.9% |
| PAT margin | 5.9% | -607 bps | +38 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 21.20
- P/B
- 0.99
- EV/EBITDA
- 9.09
- Market Cap
- 910.00Cr
Profitability
- ROE
- 5.34%
- ROCE
- 8.00%
- ROA
- 2.52%
- Dividend Y
- 0.58%
Growth (CAGR)
- Revenue 5Y
- 21.00%
- EPS 5Y
- 19.00%
- Revenue 3Y
- 39.00%
- EPS 3Y
- 47.50%
Balance Sheet
- Debt/Equity
- 0.87
- Interest Coverage
- 2.19×
- Altman Z
- 2.18
- Book Value
- 608.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 6/5
- OCF
- 95.00 Cr
- EPS TTM
- 27.51
Shareholding
- Promoter Hold
- 56.36%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 24%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 657+5.6% vs prev
Net Profit
₹ CrLatest: 58.0+314.3% vs prev
Return on Equity
%Latest: 6.3+286.5% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 51. Wait for confirmation.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~4.0% over last month) — short-term momentum positive.
- RSI(14) at 51 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 29% off 52W high · 25% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
38
RS percentile
Stage 1 Base / Transition
1M return
+10.2%
3M return
-0.7%
6M return
-10.0%
1Y return
-25.3%
RS 1D
-5
RS 20D
+17
Sector rank
#11
Industry rank
#58
Stage evidence
- Price is within 0.1% of the 30-week proxy.
- The 30-week proxy changed +1.7% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price above
200-DMA
price above
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 70.64-1.88%
RS vs Nifty 50071
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation8/30
Growth21/25
Quality0/20
Balance Sheet6/15
Cash Flow4/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
44
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
44/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 12.7%.
- Growth contributes 21/25 to the score.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 8/30; verify the latest quarterly trend.
- Balance sheet is weaker at 6/15; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
21.2
PB
1.0
EV/EBITDA
9.1
ROE
5.3%
ROCE
8.0%
FCF Yield
—
Debt/Equity
0.9
MoS
+12.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
44
Previous: 44
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+12.7%
Previous: +11.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
43
43
43
43
43
41
41
41
41
41
44
44
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹613.46
+1.6% MoS
Growth-justified P/E
25.1
Growth-justified Value
₹691.33
+12.7% MoS
PEG
0.70
Comparable companies
Peers
Business-comparable peers in Power — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
KECL
Small
Kirloskar Electric Company Limited
Power Generation
match 166
22
57.1
6.8%
-309%
OVERVALUED
TNPETRO
Small
Tamilnadu PetroProducts Limited
Power Generation
match 166
41
8.1
9.2%
-45%
WATCHLIST
SOLEX
Small
Solex Energy Limited
Power Generation
match 163
78
9.3
46.5%
+67%
DEEP VALUE
KPEL
Small
K.P. Energy Limited
Power Generation
match 159
82
8.0
43.4%
+72%
DEEP VALUE
KARMAENG
Small
Karma Energy Limited
Power Generation
match 156
20
46.7
-0.4%
-70%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Swelect Energy Systems Limited operates in Power Generation, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
65Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 45th percentile of the scored universe and 52nd percentile within Power. Main check: results consistency is weak at 38/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
10 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
45th percentile
overall median 67 · Power: 52nd pctile, median 65 · Small: 50th pctile, median 66
Evidence depth
Financial-only
10 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
38
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 56.4%.
- ▸Promoter pledge is zero.
- ▸6 years of positive FCF.
- ▸3/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸ROE is low at 5.3%.
- ▸1/4 latest quarters had positive YoY revenue growth.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
- ▸OPM spread across recent quarters is 16.3%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Swelect Energy Systems Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 24 Sep - SWELECT approved Rs20.77 crore investment in USolar Four and 100% acquisition of GNU Solar Two for new solar plants.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Sep - SWELECT Energy Systems Limited has informed about Copy of Newspaper Publication regarding Special Window for Transfer and Dematerialization of Physical Securities.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - Newspaper publication of the Unaudited Financial Results of the Company for the Quarter ended 30.06.2026
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 8 Jul
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.