Swelect Energy Systems (SWELECTES)₹610.40−0.16%Heavy Electrical Equipment
In the Jun 2026 quarter (consolidated), Swelect Energy Systems reported sales of ₹131 Cr, down 26.2% from Jun 2025, and net profit of ₹7.67 Cr, down 63.8% year on year. For the year to Mar 2026, sales were ₹657 Cr and net profit ₹58.09 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 48.33 | 63.55 | 75.58 | 114 | 198 | 91.44 | 219 | 177 | 139 | 139 | 202 | 131 |
| Expenses | 31.56 | 40.10 | 51.73 | 92.94 | 169 | 73.05 | 190 | 136 | 98.21 | 105 | 167 | 102 |
| Operating Profit | 16.79 | 23.49 | 23.87 | 21.00 | 28.84 | 18.43 | 28.65 | 41.70 | 40.78 | 33.43 | 35.51 | 28.39 |
| OPM % | 34.7% | 36.9% | 31.6% | 18.5% | 14.6% | 20.1% | 13.1% | 23.5% | 29.3% | 24.1% | 17.5% | 21.7% |
| Other Income | 12.11 | 6.92 | 44.96 | 11.85 | 12.02 | 8.91 | 13.99 | 11.58 | 8.49 | 6.73 | 7.27 | 9.91 |
| Interest | 10.72 | 11.99 | 17.33 | 13.45 | 14.70 | 13.07 | 15.62 | 13.89 | 15.52 | 14.45 | 17.16 | 15.19 |
| Depreciation | 10.06 | 9.99 | 11.95 | 10.23 | 10.39 | 11.22 | 11.25 | 11.54 | 12.78 | 11.63 | 12.73 | 12.67 |
| Profit before tax | 8.08 | 8.38 | 39.58 | 9.10 | 15.72 | 2.99 | 15.72 | 27.83 | 20.90 | 13.99 | 12.79 | 10.39 |
| Tax % | 9.7% | 2.0% | 9.1% | 27.6% | 42.9% | 453.0% | 42.9% | 24.1% | 24.3% | 32.1% | 13.4% | 26.3% |
| Exceptional items | 4.98 | −0.99 | 32.89 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.99 | 0.00 | 0.00 |
| Net Profit | 7.32 | 8.23 | 36.06 | 6.60 | 9.00 | −10.59 | 8.99 | 21.17 | 15.86 | 9.53 | 11.11 | 7.67 |
| EPS (Rs) | 4.50 | 5.22 | 23.95 | 4.13 | 5.42 | −7.11 | 5.85 | 13.54 | 10.00 | 6.10 | 6.72 | 4.67 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 276 | 241 | 294 | 228 | 252 | 253 | 391 | 246 | 243 | 622 | 657 | 611 |
| Expenses | 253 | 217 | 261 | 202 | 216 | 202 | 321 | 184 | 159 | 525 | 506 | 473 |
| Operating Profit | 23.01 | 23.99 | 34.03 | 25.02 | 36.03 | 50.99 | 69.96 | 62.04 | 84.03 | 97.08 | 151 | 138 |
| OPM % | 8.0% | 10.0% | 11.0% | 11.0% | 14.0% | 20.0% | 18.0% | 25.0% | 35.0% | 16.0% | 23.0% | 22.6% |
| Other Income | 31.90 | 35.85 | 26.91 | 26.90 | 3.99 | 22.93 | 20.92 | 1.99 | 78.68 | 46.81 | 33.89 | 32.40 |
| Interest | 11.96 | 9.97 | 9.97 | 14.94 | 16.95 | 17.93 | 24.91 | 29.89 | 50.79 | 56.81 | 60.78 | 62.32 |
| Depreciation | 16.96 | 18.96 | 22.95 | 25.97 | 29.94 | 27.95 | 30.93 | 25.93 | 41.94 | 42.93 | 48.93 | 49.81 |
| Profit before tax | 25.96 | 30.95 | 26.99 | 9.99 | −6.99 | 27.97 | 35.95 | 7.99 | 69.92 | 43.93 | 75.93 | 58.07 |
| Tax % | 36.0% | 30.0% | 42.0% | 35.0% | 45.0% | 5.0% | 9.0% | 18.0% | 10.0% | 68.0% | 24.0% | — |
| Exceptional items | 1.99 | 0.99 | 0.00 | 14.95 | −12.95 | 5.98 | 2.99 | 3.99 | 32.89 | 44.84 | 7.97 | −0.99 |
| Net Profit | 17.02 | 22.03 | 16.03 | 7.01 | −10.01 | 26.02 | 32.04 | 6.01 | 63.07 | 14.02 | 58.09 | 44.17 |
| EPS (Rs) | 10.88 | 14.22 | 10.44 | 4.48 | −6.70 | 17.19 | 21.38 | 3.64 | 40.85 | 8.32 | 36.38 | 27.49 |
| Dividend payout % | 24.1% | 19.1% | 25.1% | 37.1% | −29.9% | 17.1% | 14.1% | 33.1% | 10.1% | 36.1% | 10.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.03 | 10.04 | 10.03 | 10.04 | 10.04 | 15.04 | 15.06 | 15.05 | 15.05 | 15.04 | 15.04 | 15.05 |
| Reserves | 668 | 672 | 690 | 705 | 716 | 704 | 726 | 759 | 772 | 822 | 842 | 906 |
| Borrowings | 139 | 132 | 114 | 207 | 199 | 229 | 359 | 460 | 552 | 571 | 631 | 801 |
| Other Liabilities | 84.41 | 57.28 | 87.42 | 70.33 | 70.34 | 97.47 | 90.42 | 167 | 149 | 255 | 264 | 366 |
| Total Liabilities | 902 | 872 | 902 | 992 | 995 | 1,045 | 1,193 | 1,402 | 1,487 | 1,663 | 1,752 | 2,086 |
| Fixed Assets | 291 | 301 | 324 | 377 | 427 | 441 | 463 | 567 | 667 | 718 | 814 | 844 |
| CWIP | 17.02 | 1.01 | 2.99 | 12.01 | 13.01 | 11.01 | 71.99 | 25.03 | 32.04 | 7.01 | 7.01 | 162 |
| Investments | 257 | 288 | 257 | 272 | 258 | 242 | 277 | 291 | 285 | 275 | 268 | 276 |
| Other Assets | 338 | 282 | 319 | 332 | 297 | 351 | 381 | 520 | 505 | 664 | 663 | 804 |
| Inventories | 33.91 | 41.92 | 63.78 | 68.84 | 56.89 | 70.82 | 66.82 | 162 | 137 | 229 | 172 | 172 |
| Trade receivables | 54.90 | 69.86 | 71.88 | 57.89 | 39.94 | 53.88 | 66.84 | 85.83 | 66.81 | 51.89 | 64.88 | 60.87 |
| Cash & equivalents | 124 | 142 | 158 | 151 | 133 | 121 | 151 | 108 | 196 | 235 | 192 | 195 |
| Total Assets | 902 | 872 | 902 | 992 | 995 | 1,045 | 1,193 | 1,402 | 1,487 | 1,663 | 1,752 | 2,086 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −4.98 | 3.99 | 28.90 | 2.99 | 68.71 | 27.89 | 32.85 | 96.59 | 131 | 89.73 | 130 | 94.60 |
| Cash from investing activity | 49.10 | 42.10 | 18.04 | −98.13 | −120 | −30.07 | −142 | −73.16 | −285 | −83.17 | −113 | −198 |
| Cash from financing activity | 14.95 | −27.92 | −51.87 | 48.83 | −52.85 | −3.99 | 93.74 | 98.72 | 10.97 | 33.91 | 18.95 | 49.85 |
| Net cash flow | 58.85 | 16.94 | −4.98 | −46.86 | −103 | −5.98 | −14.94 | 124 | −142 | 39.90 | 36.88 | −51.81 |
| Capex | 48.15 | 86.20 | 12.03 | 100 | 68.15 | 47.14 | 116 | 87.27 | 151 | 128 | 138 | 243 |
| Free cash flow | −49.03 | −82.01 | 16.99 | −97.04 | 0.99 | −19.01 | −82.06 | 11.01 | −19.01 | −37.98 | −7.01 | −138 |
| CFO / OP % | 14.1% | 43.0% | 144.0% | 42.1% | 300.0% | 89.1% | 73.1% | 149.1% | 217.1% | 115.1% | 142.0% | 68.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 91 | 93 | 109 | 72 | 64 | 78 | 96 | 80 | 99 | 78 | 38 | 34 |
| Inventory days | 86 | 83 | 157 | 135 | 191 | 209 | 210 | 289 | 412 | 1,034 | 166 | 179 |
| Days payable | 107 | 91 | 176 | 104 | 173 | 160 | 178 | 231 | 244 | 411 | 108 | 150 |
| Cash conversion cycle | 69 | 85 | 89 | 102 | 81 | 127 | 128 | 137 | 266 | 701 | 94 | 62 |
| Working capital days | 127 | −16 | −24 | −108 | −176 | −179 | −187 | −100 | −268 | −276 | −63 | −85 |
| ROCE % | 1.0% | 3.0% | 5.0% | 4.0% | 1.0% | 2.0% | 4.0% | 5.0% | 4.0% | 5.0% | 5.0% | 8.0% |
For the Jun 2026 quarter, Swelect Energy Systems reported sales of ₹131 Cr, down 26.2% year on year and net profit of ₹7.67 Cr, down 63.8% year on year. The operating margin was 21.7%.
Swelect Energy Systems' sales for the year to Mar 2026 were ₹657 Cr; over the last twelve months they were ₹611 Cr.
Net profit for the year to Mar 2026 was ₹58.09 Cr, and ₹44.17 Cr over the last twelve months. Earnings per share over the same trailing period were ₹27.49.
Swelect Energy Systems reported borrowings of ₹801 Cr at Mar 2026, against cash and equivalents of ₹195 Cr.
Cash from operations was ₹94.60 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹138 Cr.