About Swelect Energy Systems Limited
Data last updated:
Swelect Energy Systems Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 12 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L93090TN1994PLC028578. Its GSTIN is 33AAACN2366F2ZS (Tamil Nadu). The company holds 35 GST registrations, of which 5 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532051 and NSE: SWELECTES.
The company has an authorised share capital of ₹72.5 Cr and a paid-up capital of ₹15.16 Cr. It was formerly known as Numeric Power Systems Limited. It is led by directors including Arulkumar Pudur Shanmugasundaram (Managing Director) and Chellappan Ramasamy Gounder (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Swelect House No.5 Sir P.S.Sivasamy Salai Mylapore, Chennai, Tamil Nadu, India – 600004.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹657.12 Cr, a growth of 5.7% compared to the previous year. For the same year it recorded a net profit of ₹47.16 Cr (net margin 7.2%) and EBITDA of ₹149.46 Cr (EBITDA margin 22.7%). The net worth stands at ₹921.14 Cr (up 7.5% YoY). Total assets are valued at ₹1,792.06 Cr (up 18.3% YoY).
The company has about 288 employees on its provident fund (EPFO) records. Its group structure includes 11 subsidiaries.
The company is associated with 1 brand: Swelect Energy Systems. As per MCA filings, the company has open charges of ₹913.67 Cr and satisfied charges of ₹780.58 Cr on record. Court records list 74 cases involving the company, including 59 filed by the company and 15 filed against it; 15 cases are pending. The company has 12 deals on record (11 market trades, 1 acquisition); the latest was in September 2025. Its 6 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 3 smaller; the largest is KK Wind Solutions India Private Limited with revenue of ₹498.62 Cr. The company has 11 MSME Form 1 returns on record between 2018 and 2024, listing 33 overdue payments to 17 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swelectes.com.
Company details
CIN history
Swelect Energy Systems has one previous CIN (Corporate Identification Number): U93090TN1994PLC028578. The current CIN is L93090TN1994PLC028578, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L93090TN1994PLC028578 | Current |
| U93090TN1994PLC028578 | Previous |
Contact details
Swelect Energy Systems Limited's registered office is in Chennai, Tamil Nadu. Its website is swelectes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSwelect House No.5 Sir P.S.Sivasamy Salai Mylapore, Chennai, Tamil Nadu, India – 600004
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Swelect Energy Systems Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Swelect Energy Systems operates one associated brand: Swelect Energy Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Turnkey EPC services for MW-scale solar farms are offered. | swelectes.com |
Business activity
The main business activities of Swelect Energy Systems are manufacturing, electricity, gas, steam and air condition supply and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, electric power generation, transmission and distribution and retail trading. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| G | Trade | G2 | Retail Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Swelect Energy Systems Limited, buy the company report.
Financials of Swelect Energy Systems Limited
FY 2025-26 filings availableSwelect Energy Systems Limited reported revenue of ₹657.12 Cr (up 5.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 657 | 622 | 243 | 246 | 391 | 253 | 252 |
| Revenue growth | +5.7% | +156.1% | -1.2% | -37.2% | +54.9% | +0.1% | - |
| EBITDA | 149 | 96.84 | 83.96 | 39.69 | 70.50 | 43.56 | 12.50 |
| EBITDA margin | +22.7% | +15.6% | +34.6% | +16.2% | +18.0% | +17.3% | +5.0% |
| Profit before tax | 75.56 | 43.58 | 69.76 | 7.80 | 35.51 | 27.51 | (7.02) |
| Net profit | 47.16 | (32.02) | 28.72 | 1.04 | 29.19 | 19.79 | 2.59 |
| Net profit margin | +7.2% | -5.2% | +11.8% | +0.4% | +7.5% | +7.8% | +1.0% |
| EPS (₹) | 36.40 | 8.31 | 40.88 | 3.66 | 21.38 | 17.21 | (6.71) |
| Balance sheet | |||||||
| Total assets | 1,792 | 1,515 | 1,441 | 1,360 | 1,253 | 1,117 | 957 |
| Net worth | 921 | 857 | 838 | 787 | 776 | 743 | 719 |
| Total debt | 798 | 629 | 569 | 550 | 459 | 358 | 228 |
| Cash & bank | 195 | 192 | 235 | 196 | 108 | 151 | 121 |
| Net working capital | 457 | 399 | 395 | 334 | 276 | 231 | 184 |
| Cash flow | |||||||
| Cash from operations | 95.49 | 130 | 89.54 | 131 | 97.01 | 33.24 | 28.41 |
| Cash from investing | (198) | (113) | (83.45) | (284) | (72.82) | (142) | (29.96) |
| Cash from financing | 50.30 | 19.44 | 33.57 | 10.80 | 99.39 | 94.30 | (4.20) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 131 | 202 | 139 | 139 | 177 | 219 | 91.38 | 198 |
| Revenue growth (YoY) | -26.2% | -7.5% | +51.7% | -29.7% | +55.7% | - | - | - |
| Other income | 9.94 | 7.39 | 8.56 | 8.52 | 11.62 | 14.05 | 8.94 | 12.07 |
| EBITDA | 28.39 | 35.39 | 31.61 | 40.76 | 41.71 | 28.62 | 18.41 | 28.82 |
| EBITDA margin | +21.7% | +17.5% | +22.8% | +29.4% | +23.5% | +13.1% | +20.1% | +14.6% |
| Depreciation | 12.70 | 12.75 | 11.66 | 12.80 | 11.56 | 11.27 | 11.24 | 10.42 |
| Interest | 15.24 | 17.22 | 14.50 | 15.57 | 13.93 | 15.67 | 13.11 | 14.74 |
| Profit before tax | 10.39 | 12.81 | 14.01 | 20.91 | 27.84 | 15.73 | 3.00 | 15.73 |
| Tax | 2.74 | 1.71 | 4.49 | 5.08 | 6.71 | 6.76 | 13.59 | 6.76 |
| Net profit | 7.65 | 11.10 | 9.52 | 15.83 | 21.13 | 8.97 | (10.59) | 8.97 |
| EPS (₹) | 4.64 | 6.72 | 6.11 | 10.45 | 13.95 | 5.93 | (6.98) | 5.93 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 376 | 431 | 249 | 229 | 286 | 185 | 142 |
| Revenue growth | -12.8% | +73.4% | +8.7% | -19.9% | +54.8% | +29.9% | - |
| EBITDA | 42.64 | 33.05 | 38.87 | 16.79 | 40.73 | 19.48 | (19.47) |
| EBITDA margin | +11.3% | +7.7% | +15.6% | +7.3% | +14.3% | +10.6% | -13.7% |
| Profit before tax | 29.52 | 36.41 | 51.78 | 9.71 | 33.78 | 24.30 | (14.16) |
| Net profit | 12.92 | (35.40) | 30.65 | 4.04 | 30.34 | 17.47 | 3.97 |
| Net profit margin | +3.4% | -8.2% | +12.3% | +1.8% | +10.6% | +9.5% | +2.8% |
| EPS (₹) | 12.91 | 5.66 | 34.13 | 6.16 | 22.29 | 16.04 | (11.04) |
| Balance sheet | |||||||
| Total assets | 1,278 | 1,107 | 1,150 | 1,107 | 1,007 | 965 | 790 |
| Net worth | 805 | 789 | 787 | 735 | 710 | 681 | 658 |
| Total debt | 439 | 309 | 358 | 366 | 290 | 275 | 122 |
| Cash & bank | 80.54 | 64.82 | 130 | 99.93 | 34.73 | 6.01 | 38.81 |
| Net working capital | 303 | 309 | 321 | 171 | 85.23 | 212 | 118 |
| Cash flow | |||||||
| Cash from operations | 75.25 | 30.81 | (24.05) | 9.28 | 85.79 | (20.85) | 7.49 |
| Cash from investing | (157) | 66.41 | 81.51 | (87.60) | (44.95) | (107) | (21.01) |
| Cash from financing | 15.44 | (33.69) | (1.73) | (11.31) | 29.86 | 112 | 4.33 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 119 | 149 | 66.96 | 94.55 | 65.64 | 111 | 108 | 146 |
| Revenue growth (YoY) | +82.0% | +34.8% | -38.3% | -35.2% | -1.1% | - | - | - |
| Other income | 11.37 | 6.93 | 8.79 | 8.89 | 10.80 | 16.86 | 10.03 | 12.33 |
| Total expenses | 94.18 | 130 | 60.72 | 82.90 | 59.77 | 107 | 96.57 | 135 |
| EBITDA | 25.31 | 18.88 | 6.24 | 11.65 | 5.87 | 3.33 | 11.91 | 11.22 |
| EBITDA margin | +21.2% | +12.7% | +9.3% | +12.3% | +8.9% | +3.0% | +11.0% | +7.7% |
| Depreciation | 4.95 | 4.26 | 4.18 | 4.24 | 4.07 | 4.02 | 3.73 | 3.79 |
| Interest | 9.47 | 8.98 | 7.81 | 7.43 | 7.55 | 8.31 | 8.54 | 8.28 |
| Profit before tax | 22.26 | 12.57 | 3.04 | 8.87 | 5.05 | 7.86 | 9.67 | 11.48 |
| Tax | 3.57 | 4.87 | 1.40 | 2.69 | 1.01 | 8.28 | 12.65 | 6.92 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 131 | 202 | 139 | 139 | 177 | 219 | 91.38 | 198 |
| Revenue growth (YoY) | -26.2% | -7.5% | +51.7% | -29.7% | +55.7% | - | - | - |
| Other income | 9.94 | 7.39 | 8.56 | 8.52 | 11.62 | 14.05 | 8.94 | 12.07 |
| EBITDA | 28.39 | 35.39 | 31.61 | 40.76 | 41.71 | 28.62 | 18.41 | 28.82 |
| EBITDA margin | +21.7% | +17.5% | +22.8% | +29.4% | +23.5% | +13.1% | +20.1% | +14.6% |
| Depreciation | 12.70 | 12.75 | 11.66 | 12.80 | 11.56 | 11.27 | 11.24 | 10.42 |
| Interest | 15.24 | 17.22 | 14.50 | 15.57 | 13.93 | 15.67 | 13.11 | 14.74 |
| Profit before tax | 10.39 | 12.81 | 14.01 | 20.91 | 27.84 | 15.73 | 3.00 | 15.73 |
| Tax | 2.74 | 1.71 | 4.49 | 5.08 | 6.71 | 6.76 | 13.59 | 6.76 |
| Net profit | 7.65 | 11.10 | 9.52 | 15.83 | 21.13 | 8.97 | (10.59) | 8.97 |
| EPS (₹) | 4.64 | 6.72 | 6.11 | 10.45 | 13.95 | 5.93 | (6.98) | 5.93 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 657 | 622 | 243 | 246 | 391 | 253 | 252 |
| Revenue growth | +5.7% | +156.1% | -1.2% | -37.2% | +54.9% | +0.1% | - |
| Other income | 36.08 | 46.94 | 78.59 | 24.09 | 20.82 | 29.85 | 27.59 |
| Total expenses | 508 | 525 | 159 | 206 | 321 | 209 | 240 |
| Employee cost | 35.77 | 25.82 | 20.34 | 15.35 | 28.02 | 25.26 | 24.15 |
| EBITDA | 149 | 96.84 | 83.96 | 39.69 | 70.50 | 43.56 | 12.50 |
| EBITDA margin | +22.7% | +15.6% | +34.6% | +16.2% | +18.0% | +17.3% | +5.0% |
| Depreciation | 48.76 | 43.17 | 41.83 | 26.32 | 30.94 | 28.14 | 29.85 |
| Interest | 61.22 | 57.03 | 50.96 | 29.66 | 24.87 | 17.76 | 17.26 |
| Profit before tax | 75.56 | 43.58 | 69.76 | 7.80 | 35.51 | 27.51 | (7.02) |
| Tax | 17.99 | 29.62 | 6.72 | 1.38 | 3.09 | 1.47 | 3.14 |
| Net profit | 47.16 | (32.02) | 28.72 | 1.04 | 29.19 | 19.79 | 2.59 |
| Net profit margin | +7.2% | -5.2% | +11.8% | +0.4% | +7.5% | +7.8% | +1.0% |
| EPS (₹) | 36.40 | 8.31 | 40.88 | 3.66 | 21.38 | 17.21 | (6.71) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 15.16 | 15.16 | 15.16 | 15.16 | 15.16 | 15.16 | 15.16 |
| Reserves & surplus | 906 | 842 | 823 | 772 | 760 | 727 | 704 |
| Shareholders' funds (net worth) | 921 | 857 | 838 | 787 | 776 | 743 | 719 |
| Minority interest | 33.22 | 20.41 | 18.66 | 16.45 | 11.16 | 6.46 | 0.00 |
| Secured loans | 762 | 574 | 484 | 494 | 457 | 336 | 214 |
| Unsecured loans | 35.41 | 55.36 | 85.49 | 56.24 | 2.44 | 22.65 | 14.50 |
| Total debt | 798 | 629 | 569 | 550 | 459 | 358 | 228 |
| Total liabilities | 1,792 | 1,515 | 1,441 | 1,360 | 1,253 | 1,117 | 957 |
| Assets | |||||||
| Gross block | 1,160 | 1,082 | 941 | 864 | 755 | 621 | 567 |
| Net block | 842 | 813 | 717 | 665 | 566 | 463 | 441 |
| Capital work in progress | 162 | 7.00 | 6.75 | 31.50 | 24.57 | 71.58 | 10.86 |
| Investments | 276 | 268 | 275 | 285 | 291 | 277 | 242 |
| Inventories | 173 | 172 | 230 | 137 | 162 | 66.53 | 70.82 |
| Sundry debtors | 60.96 | 64.89 | 52.11 | 66.97 | 86.24 | 66.77 | 54.01 |
| Cash & bank balances | 195 | 192 | 235 | 196 | 108 | 151 | 121 |
| Loans & advances | 270 | 168 | 90.71 | 57.53 | 66.75 | 20.18 | 24.38 |
| Total current assets | 699 | 597 | 607 | 458 | 423 | 305 | 271 |
| Total current liabilities | 243 | 198 | 212 | 124 | 147 | 74.34 | 86.39 |
| Net working capital | 457 | 399 | 395 | 334 | 276 | 231 | 184 |
| Total assets | 1,792 | 1,515 | 1,441 | 1,360 | 1,253 | 1,117 | 957 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | (40.51) | (77.19) | (117) | 25.01 | (98.57) | (83.76) | (78.01) |
| Net cash from operating activities | 95.49 | 130 | 89.54 | 131 | 97.01 | 33.24 | 28.41 |
| Net cash from investing activities | (198) | (113) | (83.45) | (284) | (72.82) | (142) | (29.96) |
| Net cash from financing activities | 50.30 | 19.44 | 33.57 | 10.80 | 99.39 | 94.30 | (4.20) |
| Net change in cash | (52.45) | 36.68 | 39.65 | (142) | 124 | (14.82) | (5.75) |
| Closing cash | 195 | 192 | 235 | 196 | 108 | 151 | 121 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +5.7% | +156.1% | -1.2% | -37.2% | +54.9% | +0.1% | - |
| EBITDA growth | +54.3% | +15.3% | +111.5% | -43.7% | +61.9% | +248.5% | - |
| PBT growth | +73.4% | -37.5% | +794.4% | -78.0% | +29.1% | +9998.0% | - |
| Net income growth | +247.3% | -211.5% | +2661.5% | -96.4% | +47.5% | +664.1% | - |
| Revenue CAGR (3Y) | +38.8% | +16.7% | -1.3% | -0.9% | +19.8% | -5.0% | +1.5% |
| EBITDA CAGR (3Y) | +55.6% | +11.2% | +24.5% | +47.0% | +40.9% | +9.0% | -19.6% |
| Profitability & leverage | |||||||
| Net income margin | +8.8% | +2.3% | +26.0% | +2.6% | +8.3% | +10.3% | -4.0% |
| Return on capital employed | +8.4% | +5.1% | +5.4% | +4.2% | +5.2% | +3.7% | +2.0% |
| Return on net worth | +6.5% | -3.6% | +3.7% | +0.3% | +4.3% | +2.7% | +0.4% |
| Debt / equity | 0.81 | 0.71 | 0.69 | 0.65 | 0.54 | 0.40 | 0.30 |
| Long-term debt / equity | 0.40 | 0.32 | 0.28 | 0.27 | 0.22 | 0.13 | 0.05 |
| Interest cover | 60.79 | 106.26 | 120.96 | 221.84 | 62.87 | 115.18 | -99.48 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.59 | 0.62 | 0.27 | 0.30 | 0.57 | 0.43 | 0.47 |
| Inventory turnover | 3.81 | 3.09 | 1.32 | 1.64 | 3.43 | 3.68 | 3.94 |
| Debtors turnover | 10.44 | 10.63 | 4.08 | 3.21 | 5.11 | 4.18 | 5.37 |
| EPS (₹) | 36.40 | 8.31 | 40.88 | 3.66 | 21.38 | 17.21 | (6.71) |
| Dividend per share (₹) | 3.50 | 3.00 | 4.00 | 1.20 | 3.00 | 3.00 | 2.00 |
| Book value per share (₹) | 605.24 | 562.72 | 550.37 | 516.90 | 509.23 | 487.43 | 472.13 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 119 | 149 | 66.96 | 94.55 | 65.64 | 111 | 108 | 146 |
| Revenue growth (YoY) | +82.0% | +34.8% | -38.3% | -35.2% | -1.1% | - | - | - |
| Other income | 11.37 | 6.93 | 8.79 | 8.89 | 10.80 | 16.86 | 10.03 | 12.33 |
| Total expenses | 94.18 | 130 | 60.72 | 82.90 | 59.77 | 107 | 96.57 | 135 |
| EBITDA | 25.31 | 18.88 | 6.24 | 11.65 | 5.87 | 3.33 | 11.91 | 11.22 |
| EBITDA margin | +21.2% | +12.7% | +9.3% | +12.3% | +8.9% | +3.0% | +11.0% | +7.7% |
| Depreciation | 4.95 | 4.26 | 4.18 | 4.24 | 4.07 | 4.02 | 3.73 | 3.79 |
| Interest | 9.47 | 8.98 | 7.81 | 7.43 | 7.55 | 8.31 | 8.54 | 8.28 |
| Profit before tax | 22.26 | 12.57 | 3.04 | 8.87 | 5.05 | 7.86 | 9.67 | 11.48 |
| Tax | 3.57 | 4.87 | 1.40 | 2.69 | 1.01 | 8.28 | 12.65 | 6.92 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 376 | 431 | 249 | 229 | 286 | 185 | 142 |
| Revenue growth | -12.8% | +73.4% | +8.7% | -19.9% | +54.8% | +29.9% | - |
| Other income | 35.41 | 51.43 | 61.68 | 32.11 | 30.59 | 32.79 | 31.71 |
| Total expenses | 333 | 398 | 210 | 212 | 245 | 165 | 162 |
| Employee cost | 27.45 | 19.34 | 15.00 | 13.20 | 14.11 | 12.18 | 11.95 |
| EBITDA | 42.64 | 33.05 | 38.87 | 16.79 | 40.73 | 19.48 | (19.47) |
| EBITDA margin | +11.3% | +7.7% | +15.6% | +7.3% | +14.3% | +10.6% | -13.7% |
| Depreciation | 16.76 | 15.28 | 15.01 | 13.87 | 16.91 | 15.48 | 16.59 |
| Interest | 31.77 | 32.79 | 33.76 | 25.32 | 20.63 | 12.49 | 9.81 |
| Profit before tax | 29.52 | 36.41 | 51.78 | 9.71 | 33.78 | 24.30 | (14.16) |
| Tax | 9.96 | 27.85 | 0.05 | 0.39 | 0.00 | 0.00 | 2.57 |
| Net profit | 12.92 | (35.40) | 30.65 | 4.04 | 30.34 | 17.47 | 3.97 |
| Net profit margin | +3.4% | -8.2% | +12.3% | +1.8% | +10.6% | +9.5% | +2.8% |
| EPS (₹) | 12.91 | 5.66 | 34.13 | 6.16 | 22.29 | 16.04 | (11.04) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 15.16 | 15.16 | 15.16 | 15.16 | 15.16 | 15.16 | 15.16 |
| Reserves & surplus | 789 | 774 | 772 | 720 | 695 | 666 | 643 |
| Shareholders' funds (net worth) | 805 | 789 | 787 | 735 | 710 | 681 | 658 |
| Secured loans | 405 | 279 | 292 | 312 | 289 | 273 | 119 |
| Unsecured loans | 33.90 | 30.36 | 65.23 | 53.95 | 1.01 | 1.86 | 3.69 |
| Total debt | 439 | 309 | 358 | 366 | 290 | 275 | 122 |
| Total liabilities | 1,278 | 1,107 | 1,150 | 1,107 | 1,007 | 965 | 790 |
| Assets | |||||||
| Gross block | 475 | 411 | 381 | 330 | 353 | 344 | 293 |
| Net block | 326 | 279 | 266 | 250 | 265 | 273 | 236 |
| Capital work in progress | 76.73 | 6.85 | 0.29 | 2.46 | 0.79 | 2.85 | 0.00 |
| Investments | 572 | 495 | 459 | 523 | 474 | 416 | 370 |
| Inventories | 41.02 | 55.62 | 159 | 58.95 | 138 | 48.61 | 54.49 |
| Sundry debtors | 110 | 140 | 100 | 71.70 | 58.98 | 75.10 | 31.22 |
| Cash & bank balances | 80.54 | 64.82 | 130 | 99.93 | 34.73 | 6.01 | 38.81 |
| Loans & advances | 223 | 155 | 103 | 32.14 | 40.73 | 174 | 108 |
| Total current assets | 454 | 415 | 492 | 263 | 273 | 304 | 232 |
| Total current liabilities | 151 | 106 | 171 | 91.98 | 187 | 91.72 | 115 |
| Net working capital | 303 | 309 | 321 | 171 | 85.23 | 212 | 118 |
| Total assets | 1,278 | 1,107 | 1,150 | 1,107 | 1,007 | 965 | 790 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.49 | (62.05) | (118) | (28.20) | (98.90) | (82.97) | (73.77) |
| Net cash from operating activities | 75.25 | 30.81 | (24.05) | 9.28 | 85.79 | (20.85) | 7.49 |
| Net cash from investing activities | (157) | 66.41 | 81.51 | (87.60) | (44.95) | (107) | (21.01) |
| Net cash from financing activities | 15.44 | (33.69) | (1.73) | (11.31) | 29.86 | 112 | 4.33 |
| Net change in cash | (66.66) | 63.54 | 55.74 | (89.64) | 70.70 | (15.94) | (9.20) |
| Closing cash | 80.54 | 64.82 | 130 | 99.93 | 34.73 | 6.01 | 38.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -12.8% | +73.4% | +8.7% | -19.9% | +54.8% | +29.9% | - |
| EBITDA growth | +29.0% | -15.0% | +131.5% | -58.8% | +109.1% | +200.1% | - |
| PBT growth | -18.9% | -29.7% | +433.3% | -71.3% | +39.0% | +9998.0% | - |
| Net income growth | +136.5% | -215.5% | +658.7% | -86.7% | +73.7% | +340.1% | - |
| Revenue CAGR (3Y) | +18.0% | +14.7% | +10.5% | +17.2% | +33.6% | +2.0% | -5.7% |
| EBITDA CAGR (3Y) | +36.4% | -6.7% | +25.9% | - | +185.0% | +17.5% | - |
| Profitability & leverage | |||||||
| Net income margin | +5.2% | +2.0% | +20.8% | +4.1% | +11.8% | +13.2% | -11.8% |
| Return on capital employed | +4.7% | +3.9% | +5.7% | +5.0% | +5.2% | +3.4% | +1.8% |
| Return on net worth | +1.6% | -4.5% | +4.0% | +0.6% | +4.4% | +2.6% | +0.6% |
| Debt / equity | 0.47 | 0.42 | 0.48 | 0.45 | 0.41 | 0.30 | 0.16 |
| Long-term debt / equity | 0.18 | 0.15 | 0.14 | 0.15 | 0.18 | 0.12 | 0.03 |
| Interest cover | 122.76 | 184.52 | 141.49 | 867.12 | 86.61 | 312.25 | -27.20 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.85 | 1.09 | 0.70 | 0.67 | 0.82 | 0.58 | 0.52 |
| Inventory turnover | 7.78 | 4.01 | 2.28 | 2.32 | 3.06 | 3.58 | 2.84 |
| Debtors turnover | 3.02 | 3.60 | 2.90 | 3.50 | 4.26 | 3.47 | 5.80 |
| EPS (₹) | 12.91 | 5.66 | 34.13 | 6.16 | 22.29 | 16.04 | (11.04) |
| Dividend per share (₹) | 3.50 | 3.00 | 4.00 | 1.20 | 3.00 | 3.00 | 2.00 |
| Book value per share (₹) | 530.74 | 520.79 | 519.05 | 485.13 | 468.65 | 449.22 | 433.93 |
To see the full year-wise statements and ratios of Swelect Energy Systems Limited, buy the company report.
Board of directors of Swelect Energy Systems Limited
Swelect Energy Systems has 12 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chellappan Ramasamy Gounder | Whole-Time Director | 12 Sep 1994 | 32 Years 1 Months | Current |
| Raghunath Venkatagiri Chellappan Also directs: Swelect Sun Energy Private Limited, Swelect Renewable Energy Private Limited, Swelect Re Power Private Limited and 5 more | Whole-Time Director | 11 Nov 2013 | 12 Years 11 Months | Current |
| Jayashree Nachiappan | Director | 13 Aug 2012 | 14 Years 2 Months | Current |
| Gnanasekar Sukumar Samuel | Director | 04 Sep 2025 | 1 Years 1 Months | Current |
| Nachiappan Konganapuram Venkatesan Also directs: Esg Green Energy Private Limited, Swelect GP Private Limited, Swelect Solarkraft Private Limited and 5 more | Whole-Time Director | 20 Apr 2018 | 8 Years 6 Months | Current |
| Balan Arthanari | Whole-Time Director | 03 Oct 2015 | 11 Years 0 Months | Current |
Peer comparison
Swelect Energy Systems Limited is compared with the 6 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Swelect Energy Systems Limitedthis company | ₹657.12 Cr (FY 2026) | ₹47.16 Cr | 7.2% | 5.7% | 288 | Chennai, Tamil Nadu, India |
| KK Wind Solutions India Private Limited | ₹498.62 Cr (FY 2025) | 2.0% | Nelamangala, Karnataka, India | |||
| Sunbeam Generators Private Limited | ₹493.43 Cr (FY 2025) | 25.0% | Chennai, Tamil Nadu, India | |||
| Yogiji Digi Limited | ₹483.67 Cr (FY 2025) | 21.0% | Faridabad, Haryana, India | |||
| Symatic Engineering Private Limited | ₹468.93 Cr (FY 2025) | 29.0% | Navi Mumbai, Maharashtra, India | |||
| Modern Insulators Limited | ₹454.8 Cr (FY 2024) | 2.0% | Abu Road, Rajasthan, India | |||
| Jaynix Engineering Private Limited | ₹448.2 Cr (FY 2025) | 56.0% | Karjan, Gujarat, India |
To see the full peer comparison of Swelect Energy Systems Limited, buy the company report.
Auditor
Swelect Energy Systems Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 56.40%, foreign institutional investors hold 0.60%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 43.10%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 56.40% | 56.40% | 56.40% | 56.40% |
| Public | 43.60% | 43.60% | 43.60% | 43.60% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jun 2026 | 101320169 | Others | ₹42.4 Cr | Open | |
| 06 Jun 2026 | 101320171 | Others | ₹23.7 Cr | Open | |
| 22 Apr 2026 | 101289915 | Others | ₹7.5 Cr | Open | |
| 30 Mar 2026 | 101271921 | Axis Bank Limited | ₹59 Cr | Open | |
| 25 Mar 2026 | 101258495 | Others | ₹25 Cr | Open |
To see the full charge records of Swelect Energy Systems Limited, buy the company report.
Total charge records: 48 View all charges
Deals & funding
Swelect Energy Systems Limited has 12 deals on record (11 market trades, 1 acquisition); the latest was in September 2025.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Market trade | ₹7.28 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Sep 2024 | Market trade | ₹16.32 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Feb 2024 | Market trade | ₹10.7 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jan 2024 | Market trade | ₹22.76 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Sep 2023 | Market trade | ₹7.78 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Swelect Energy Systems Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Swelect Energy Systems Limited has 74 court cases on record: 59 filed by Swelect Energy Systems, 15 filed against it. 15 cases are pending and 59 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 66 | 13 | 15 |
| District courts | 6 | 2 | 0 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 74)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against Tamil Nadu Green Energy Corporation Ltd and 1 other | Disposed |
| NCLT, Principal Bench | Appeal | Filed by the company against Green Mantra Renewable Power Privatelimited and 6 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ampolt Electronics India Pvt.Ltd and Others and 3 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ampolt Electronics India Pvt.Ltd and Others and 3 others | Disposed |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed against the company by M/S. Uplus Batteries Pvt. Ltd. | Disposed |
To see the full case history of Swelect Energy Systems Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Swelect Energy Systems Limited was last rated by Icra on 24 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 24 Dec 2021 |
To see the full credit ratings and regulatory alerts of Swelect Energy Systems Limited, buy the company report.
MSME payment delays
Swelect Energy Systems Limited has 11 MSME Form 1 returns on record between 2018 and 2024, listing 33 overdue payments to 17 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Alfa Switchgear (India) Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Intellect Aqua Private Limited | |||
| Venkateswara Suppliers Private Limited |
To see the full MSME payment records of Swelect Energy Systems Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Swelect Energy Systems has 11 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Amex Alloys Private Limited | U27310TZ2003PTC010905 | |
| K J Solar Systems Private Limited | U29307TN2014PTC113480 | |
| Swelect Green Energy Solutions Private Limited | U31100TN2010PTC078425 | |
| Swelect Power Systems Private Limited | U31103TN2012PTC084184 | |
| Swelect Solar Energy Private Limited | U31104TN2008PTC068923 | |
| Swelect HHV Solar Photovoltaics Private Limited | U40100TN2021PTC143219 |
To see the full group structure of Swelect Energy Systems Limited, buy the company report.
Employees & EPFO
Swelect Energy Systems Limited has a workforce of 288 employees on its EPFO records as of Mar 26, 2024, across 3 active EPFO establishments.
GST
Swelect Energy Systems has 35 GST registrations: 5 active and 30 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACN2366F2ZS | Tamil Nadu | Active | 01 Jul 2017 |
| 07AAACN2366F1ZO | Delhi | Active | 01 Jul 2017 |
| 29AAACN2366F1ZI | Karnataka | Active | 01 Jul 2017 |
| 36AAACN2366F1ZN | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Swelect Energy Systems Limited, buy the company report.
Recent activity
Swelect Energy Systems Limited has 34 board changes on record since 1994: 23 appointments and 11 cessations. The latest: Arulkumar Pudur Shanmugasundaram was appointed as Managing Director on 04 Sep 2025.
122 earlier events are in the company report.
News
Frequently asked questions
Swelect Energy Systems is an active public limited company based in Chennai, Tamil Nadu, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 12 September 1994 (32+ years old) and is registered under CIN L93090TN1994PLC028578. Listed on BSE: 532051 and NSE: SWELECTES.
Swelect Energy Systems reported revenue of ₹657.12 Cr for FY 2025-26 (up 5.7% YoY) based on consolidated financials.
Swelect Energy Systems has 12 current directors:
- Arulkumar Pudur Shanmugasundaram - Managing Director
- Chellappan Ramasamy Gounder - Whole-Time Director
- Raghunath Venkatagiri Chellappan - Whole-Time Director
- Nachiappan Konganapuram Venkatesan - Whole-Time Director
- Balan Arthanari - Whole-Time Director
- Mirunalini Venkatagiri Chellappan - Whole-Time Director
- Jayashree Nachiappan - Director
- Gnanasekar Sukumar Samuel - Director
- Sundaram Annadurai - Director
- Iniyan Selvarajan - Director
- Ravi Muthusamy - Director
- Uma Prakash - Director
The latest financial statements of Swelect Energy Systems on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Swelect Energy Systems is 33AAACN2366F2ZS, registered in Tamil Nadu. The company has 35 GST registrations in all, of which 5 are active and 30 are cancelled or inactive. Other active GSTINs include 07AAACN2366F1ZO (Delhi), 29AAACN2366F1ZI (Karnataka), 36AAACN2366F1ZN (Telangana).
The CIN (Corporate Identification Number) of Swelect Energy Systems is L93090TN1994PLC028578. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Swelect Energy Systems is a listed company as per MCA records. Its shares are listed on both BSE (code: 532051) and NSE (symbol: SWELECTES).
Swelect Energy Systems has 74 court cases on record: 59 filed by the company and 15 filed against it. 15 are pending. Most are in the high courts.
Swelect Energy Systems was incorporated on 12 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chennai.
Swelect Energy Systems has 12 deals on record (11 market trades, 1 acquisition); the latest was in September 2025.
The peers of Swelect Energy Systems by revenue are KK Wind Solutions India Private Limited, Sunbeam Generators Private Limited, Yogiji Digi Limited, Symatic Engineering Private Limited, Modern Insulators Limited and 1 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Arulkumar Pudur Shanmugasundaram was appointed as Managing Director on 04 Sep 2025. Gnanasekar Sukumar Samuel was appointed as Director on 04 Sep 2025. Uma Prakash was appointed as Director on 30 May 2025. Swelect Energy Systems has 34 board changes on record in total.