Swelect Energy Systems Ltd - Stock Valuation and Financial Performance

BSE: 532051 | NSE: SWELECTES | Electronics - Components | Small Cap

Swelect Energy Share Price

1,017.50 -18.15 -1.75%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Swelect Energy

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Swelect Energy Systems stock performance -

mw4me loader
P/E Ratio (SA):
33.67
Market Cap:
1,569.9 Cr.
52-wk low:
485
52-wk high:
1,526.4

Is Swelect Energy Systems Ltd an attractive stock to invest in?

1. Is Swelect Energy Systems Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Swelect Energy Systems Ltd is a below average quality company.

2. Is Swelect Energy Systems Ltd undervalued or overvalued?

The key valuation ratios of Swelect Energy Systems Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Swelect Energy Systems Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Swelect Energy Systems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Swelect Energy:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Swelect Energy Systems Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 1.8%4.3%6.2%5%3%-0.6%4.3%7%5.6%7.6%-
Value Creation
Index
-0.9-0.7-0.6-0.7-0.8-1.0-0.7-0.5-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 48.3163170174120142185225229246370
Sales YoY Gr.-236.3%4.4%2.4%-31%18.5%29.9%21.7%1.9%7.6%-
Adj EPS -0.7-0.97.78.10.7-1.312.233.321.124.330.8
YoY Gr.-NANA5.2%-91.6%-292.7%NA172.2%-36.7%15%-
BVPS (₹) 425.3413.5432.1444.1448.3433.9449.2468.7485.1517.4523
Adj Net
Profit
-1.1-1.411.612.21-218.550.53236.847
Cash Flow from Ops. -21.525.1-30.21.824.67.5-20.985.89.3-30.2-
Debt/CF from Ops. -5.22.4-2.247.23.816.3-13.13.439.3-11.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19.8%15.5%10.1%7.6%
Adj EPS NA104.4%25.6%15%
BVPS2.2%2.9%4.8%6.6%
Share Price 13.4% 51.8% 61.8% 79.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-0.2-0.21.81.80.2-0.32.87.34.44.85.9
Op. Profit
Mgn %
-0.26.25.17.14.113.114.424.919.51510.4
Net Profit
Mgn %
-2.2-0.96.870.9-1.41022.51414.912.6
Debt to
Equity
0.20.10.10.10.10.20.40.40.50.50.1
Working Cap
Days
1,348391372432609574612633593576505
Cash Conv.
Cycle
290565255-4731165-41217226

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.90%

Sales growth is growing at healthy rate in last 3 years 10.11%

Net Profit is growing at healthy rate in last 3 years 25.63%

Sales growth is good in last 4 quarters at 216.14%

No data to display

Latest Financials - Swelect Energy Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 30.8 38.2
TTM Sales (₹ Cr.) 370 451
BVPS (₹.) 523 561.7
Reserves (₹ Cr.) 778 836
P/BV 1.98 1.84
PE 33.67 27.08
From the Market
52 Week Low / High (₹) 485.00 / 1526.35
All Time Low / High (₹) 6.42 / 1526.35
Market Cap (₹ Cr.) 1,570
Equity (₹ Cr.) 15.2
Face Value (₹) 10
Industry PE 188.3

Management X-Ray of Swelect Energy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Swelect Energy

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales48163170174120142185225229246
Operating Expenses 49153162162118137158173189210
Manufacturing Costs4151312161817152326
Material Costs271141221267080115124135153
Employee Cost 6101110121111101213
Other Costs 11141713202815241817
Operating Profit 098122526514037
Operating Profit Margin (%) -0.8%5.6%4.5%6.9%1.5%3.7%14.3%22.7%17.5%14.9%
Other Income 25334638353233313245
Interest 11105671012192533
Depreciation 9131013141715141414
Exceptional Items -21000-25-70017
Profit Before Tax 321383115-1424503351
Tax 2997430000
Profit After Tax 112292311-1724503351
PAT Margin (%) 2.8%7.4%17.3%13.5%9.2%-11.8%13.2%22.1%14.3%20.8%
Adjusted EPS (₹)0.97.919.415.57.3-11.016.032.721.533.8
Dividend Payout Ratio (%)190%34%14%17%23%-18%19%9%6%12%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 645627655673680658681710735784
Share Capital 10101010101515151515
Reserves 635617645663669643666695720769
Minority Interest0000000000
Debt9750587791119261270344318
Long Term Debt893718962913211410898
Short Term Debt81439688589129156236220
Trade Payables35972767678821763464
Others Liabilities 411720212250333886147
Total Liabilities 7867548058478689041,0561,1951,1991,313

Fixed Assets

Gross Block186135144164231271320328302330
Accumulated Depreciation3351527415266827398
Net Fixed Assets153131129136190219254247229232
CWIP 15001103120
Investments 367407404418426387435474523460
Inventories1233485745544913859159
Trade Receivables22455832183175597299
Cash Equivalents 506874786339635100130
Others Assets1677192124124174235242214231
Total Assets 7867548058478689041,0561,1951,1991,313

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -2125-302257-21869-30
PBT 321383115-1424341051
Adjustment -2-11-25-17-83561738-13
Changes in Working Capital -1822-38-424-12-5038-36-64
Tax Paid -5-7-6-8-70-2-3-3-4
Cash Flow From Investing Activity 71942-20-43-21-107-45-8887
Capex 1000031-6-20-17
Net Investments 403828-141420-342-22-8
Others 30-2914-7-57-43-74-42-45112
Cash Flow From Financing Activity -2-67-25-10-23411230-11-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 28-58-190-11200000
Interest Paid -10-9-5-6-7-9-12-20-25-33
Dividend Paid -9-6-1-4-4-4-1-5-5-2
Others -1150-1-1-2125551834
Net Cash Flow 48-33-13-29-41-9-1671-9056
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)0.211.894.583.531.63-2.53.637.124.526.75
ROCE (%)1.824.276.214.962.99-0.564.256.975.567.57
Asset Turnover Ratio0.060.210.220.210.140.160.190.20.190.2
PAT to CFO Conversion(x)-212.08-1.030.092.27N/A-0.881.720.27-0.59
Working Capital Days
Receivable Days21175111957563105109104127
Inventory Days1095086110156128102152157162
Payable Days4499196214392349253378282115

Swelect Energy Systems Ltd Stock News

Swelect Energy Systems Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Swelect Energy on 21-Nov-2024 16:59 is ₹1,017.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Swelect Energy stood at ₹1,569.9.
The latest P/E ratio of Swelect Energy as of 21-Nov-2024 16:59 is 33.67.
The latest P/B ratio of Swelect Energy as of 21-Nov-2024 16:59 is 1.98.
The 52-week high of Swelect Energy is ₹1,526.4 and the 52-week low is ₹485.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swelect Energy is ₹370.5 ( Cr.) .

About Swelect Energy Systems Ltd

Numeric Power Systems began operations in 1984, its focus has always been excellence in quality of products and dedication in service. This has facilitated Numeric to carve a niche for itself in the Indian UPS market and has made the brand 'Numeric' a legend in the country.

In 1996, the company reached a milestone when it went public. Its stocks have been listed on BSE, MSE and NSE.

Numeric is an industrial leader and a reliable power solutions partner. It provides excellent power continuity and clean power through its Total Power Management solutions. It brings a wide range of world class power conditioning products, addressing the total spectrum of power protection needs, conforming to International standards such as UL / CE and RoHS compliance.

After a decade of professional relationship, the world's largest consumer electronics company Panasonic Industrial Asia, a member of Panasonic Group of Japan, appointed Numeric as the national distributor for its SLA batteries in 2005. This alliance between Numeric and Panasonic offers the complete range of Panasonic high-performance SLA batteries to the Indian market directly and through its channel partners.

The company is powered by an all new-technology, which represents years of advancement, towards the goal of positioning the company as the market leader and be the single largest source for a wide range of power solutions. It is a MNC in the power management solutions arena with a sales and service network in over 220 locations both in India and overseas.

Product of the company

  • LED Lighting Solutions
  • UPS -- 1) Line Interactive 2) Double Conversion Online 3) High Energy Products
  • Home Power Products -- 1) Digital HPH Series 2) Digital HPX Sine wave inverters
  • Special Power Systems -- 1) Volt Safe 
  • Numeric Energy Storage
  • Solar Power Solutions

Awards/ Recognition

  • Softdisk Awards 2008
  • Market Leadership award 2005
  • Product Leadership award 2004
  • Customer Support Leadership award 2004
  • IFMA award for excellence 2004

Manufacturing units/ plants of the company

  • Pondicherry, India: The plant at Pondicherry is a state-of-the-art manufacturing facility for the mass production of UPS. This is the first ISO 9001:2000 accredited UPS manufacturing facility in India.
  • UPS manufacturing plant, Pondicherry: It has a well integrated manufacturing system. These factories are well equipped and are self-sufficient in terms of man power and machinery. The products undergo stringent quality tests at every stage of manufacturing. The manufacturing plant at Pondicherry designed for mass production of UPS systems with facilities such as conveyorized assembly, wave soldering, computer aided testing and well stacked inventory of raw materials & finished goods.
  • CNC fabrication plant, Chennai: The CNC fabrication plant at Chennai manufactures MS enclosures for the company’s UPS systems. The CNC fabrication plant in Chennai, with Muratec & Amada from Japan, Darley - Holland, Gema Volstatic, Switzerland and Automated power coating facility with CNC turret punch press, CNC press brake and powder coating workstations matching international quality and standards.
  • Magnetic Division, T & S, Chennai: The transformers and chokes manufactured as fully equipped with Toroidal coil winding machinery and vacuum impregnation plant.
  • EHTP, Chennai: A wide range of well designed mid and high end UPS systems are manufactured in Chennai.
  • Salem, India: The manufacturing plant in Salem has a fully integrated sheet metal process with in-house magnetic divisions and state-of-art UPS manufacturing facility.
  • Parwanoo, India: The Parwanoo plant is strategically located to reach its customers in northern, eastern and western part of the country catering to mid range UPS requirements.
  • Colombo, Sri Lanka: A modern facility (a BOI company) in Colombo, Sri Lanka, manufactures world class Digital HP Series UPS system for the international market.

Clientele

Indian Clientele

  • Banking Insurance & Finance -- Nationalised banks, multinational banks, private and co-operative banks -- SBI & its associates, Citibank, ICICI, HDFC, etc.
  • Research & Educational Institutions -- Central and state government research bodies, private institutions, top tech and management Institutions -- BARC, C-DAC, IIT, IIM, ISRO, ISI, NIT, etc. 
  • Information Technology -- IT/ITeS, corporates, BPOs and services -- CTS, Wipro, Infosys, Honeywell, Motorola, etc.
  • Corporate -- Multinational Indian corporate and manufacturing houses -- Reliance, Times, Murugappa Group, TVS Group, ABB, L&T, MRF, Hero, etc.
  • Government -- State and central government bodies -- Defence and PSUs AAI, ECIL, ITI, IOCL, APTS, NIC, DGSND, BSNL, Indian Railways, etc.

International Clientele

  • NCR 
  • Sun Microsystems
  • British Petroleum 
  • Honeywell
  • Diebold   
  • Reliance
  • Infosys   
  • AMD
  • Wipro   
  • Siemens
  • IBM   
  • Philips
  • Intel   
  • Citi Bank
  • Motorola   
  • Standard Chartered
  • HP   
  • HSBC
  • Microsoft   
  • BNP Paribas
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