# Swelect Energy Systems share price today (Swelect Energy Systems Ltd, NSE: SWELECTES)

> Swelect Energy Systems share price today: ₹612.00 at the NSE close on 3 November 2026, down 23.9% in a year. Swelect Energy Systems (NSE: SWELECTES) is worth ₹927 crore, trades at a P/E of 21.6 and has closed between ₹499.90 and ₹785.10 over the past 52 weeks. > Swelect Energy Systems Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SWELECTES · Capital Goods - Electric General · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/swelect-energy-systems-ltd

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## Key numbers

- Business trend: Getting better, from the last 12 quarters
- Price: ₹612.00 (−23.9% in a year)
- P/E: 21.6× (lower than 52% of the last 11 years)
- Revenue (Jun 2026): ₹131 Cr (−26.2% on a year ago)
- Profit (Jun 2026): ₹7.7 Cr (−63.8% on a year ago)
- Operating margin: 21.7% (−1.8 points on a year ago)
- ROCE: 8%, FY26
- ROIC: 5.0%, against a 12.0% cost of capital: −7.0 points

The main question: yearly earnings per share moved +337.9% while the share price moved −23.9%. ## What is the Swelect Energy Systems share price today? Swelect Energy Systems Ltd's share price was ₹612.00 at the close on 3 November 2026. It has been falling for 16 weeks. That is 1.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹500 and ₹785, and at that close it sat 39% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 1 week running. Over the last 11 years the share price moved +140% while the NIFTY 500 moved +243%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Swelect Energy Systems this quarter? One change stood out: profit fell in the June 2026 quarter. 1. Profit fell in the June 2026 quarter Profit was ₹8 crore, -63.8% on a year earlier (₹21 crore), after 4 quarters of growth. ## What are Swelect Energy Systems' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Swelect Energy Systems reported revenue of ₹131 crore, down 26.2% from ₹177 crore a year earlier, and a profit of ₹7.66 crore, down 63.8% from ₹21.1 crore. ### Swelect Energy Systems results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹131 crore | ₹177 crore | −26.2% |
| Profit | ₹7.66 crore | ₹21.1 crore | −63.8% |
| Earnings per share | ₹4.66 | ₹13.55 | −65.6% |
| Operating margin | 21.7% | 23.5% | −1.8 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Swelect Energy Systems share price history? Swelect Energy Systems closed at ₹612.00 on 3 November 2026, down 23.9% from ₹804.40 a year earlier (31 October 2025) and up 149.4% over five years. Its highest weekly close since April 2016 was ₹1,461.75 on 26 April 2024. ### Swelect Energy Systems share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹595.45 | +2.8% |
| 1 month ago · 1 Oct 2026 | ₹592.90 | +3.2% |
| 6 months ago · 30 Apr 2026 | ₹659.40 | −7.2% |
| 1 year ago · 31 Oct 2025 | ₹804.40 | −23.9% |
| 3 years ago · 3 Nov 2023 | ₹657.55 | −6.9% |
| 5 years ago · 4 Nov 2021 | ₹245.35 | +149.4% |
| 10 years ago · 4 Nov 2016 | ₹226.97 | +169.6% |
| Earliest weekly close in our records · 1 Apr 2016 | ₹254.87 | +140.1% |
| Highest weekly close since April 2016 · 26 Apr 2024 | ₹1,461.75 | −58.1% |
| Lowest weekly close since April 2016 · 27 Mar 2020 | ₹61.30 | +898.4% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹785.10 | −22.0% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹499.90 | +22.4% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (559 weekly closes from 1 April 2016 to 3 November 2026.)

## What is the latest news on Swelect Energy Systems? 3 Nov 2026: Swelect Energy Systems closed at ₹612.00, up 2.8% on the week and up 3.2% on the month. 24 Jul 2026: ex-date for a dividend of ₹3.50 a share. ### Earlier

- Results for April to June 2026: Revenue down 26.2% and profit down 63.8% on a year earlier. ## What dividend does Swelect Energy Systems pay? Swelect Energy Systems paid ₹3.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.57% at the ₹612.00 close on 3 November 2026. The last was a dividend of ₹3.50 a share, ex-date 24 July 2026. ### Swelect Energy Systems dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 24 Jul 2026 | ₹3.50 | Dividend |
| 18 Jul 2025 | ₹3 | Dividend |
| 22 Jul 2024 | ₹4 | Dividend + Special |
| 19 Jul 2023 | ₹1.20 | Dividend |
| 20 Jul 2022 | ₹3 | Dividend |
| 16 Jul 2021 | ₹3 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Swelect Energy Systems Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in 11 of its last 13 reported years. 2 of those years show a negative figure because profit itself was negative. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is Swelect Energy Systems on? Swelect Energy Systems is on one of our India lists: Power & green energy stocks. [Power & green energy stocks Group on the list: Solar and wind equipment makers](https://www.sectoralpha.in/sectors/power-stocks-india)

## Is Swelect Energy Systems profitable? Swelect Energy Systems Ltd earned ₹7.7 Cr of net profit in the Jun 2026 quarter, −63.8% on the same quarter a year earlier. Full-year FY26 profit was ₹58.0 Cr. Over 10 years profit has grown 13.1% a year on average. That is 5.9% of the quarter's revenue. The same quarter a year earlier earned ₹21.1 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹58.0 Cr (+314.3% on the year before). Why profit moved: revenue changed −26.2% on a year earlier and the margin moved −1.8 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +11.9% and revenue −2.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Swelect Energy Systems make, and is it growing? Swelect Energy Systems Ltd reported ₹131 Cr of revenue in the Jun 2026 quarter, −26.2% on the same quarter a year earlier. Over 10 years it has grown 9.1% a year on average. The last full year, FY26, came in at ₹657 Cr. The last four reported quarters add to ₹611 Cr. FY26 revenue was ₹657 Cr, +5.6% on the year before. Recent pace: the last four quarters grew −2.9% on average, against 9.1% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −10.9%, against +42.4% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +54.6%, against −12.9% a year (accelerating). ## How much of every ₹100 of sales does Swelect Energy Systems keep? Swelect Energy Systems Ltd's operating margin was 21.7% in the Jun 2026 quarter, 1.8 percentage points lower than the same quarter a year ago. Across 13 years it has been between 3.5% and 35.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −1.8 percentage points on the year while gross margin changed +17.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Swelect Energy Systems' profit turning into cash? Over the last 3 years, 233% of Swelect Energy Systems Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹95.0 Cr of operating cash against ₹58.0 Cr of profit. After ₹233 Cr of spending on assets, free cash was −₹138 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Swelect Energy Systems' cash go? Swelect Energy Systems Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹657 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹440 Cr on assets over the last 3 years. Averaged over those years that is 22.3% of FY26 revenue a year. Spending on assets: ₹440 Cr over the last 3 years, against ₹134 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹162 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Swelect Energy Systems' P/E ratio, and how does it compare with its own history? Swelect Energy Systems Ltd's P/E is 21.6×, in the middle of its own history: higher than 48% of past readings. Its usual P/E (the middle reading) is 22.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹27.51. Why the multiple is where it is: over the past year earnings per share moved +337.9% while the price moved −23.9%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +20.1% a year; about +20.7% a year came from earnings growth and about −0.6 percentage points from the multiple (roughly no change); over 10 years the price moved +10.4% a year; about +11.4% a year came from earnings growth and about −1.0 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Swelect Energy Systems business getting better or worse? Swelect Energy Systems Ltd's business is getting better. Profit growth hit its low 4 quarters ago at −50.9% and has recovered to +54.6%, with ROCE steady at 9.1%. This is based on 12 quarters of 4 measures. Why it matters: a lasting rise from a low is what this page is built to show. ## How much does Swelect Energy Systems earn on its capital? Swelect Energy Systems Ltd earned a ROCE of 8% in FY26. That is up from a low of 1% in FY15. Its return on capital used (ROIC) is 7.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 8.8% net margin and 0.32× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 8.8% net margin × 0.32× asset turnover × 2.26× leverage (assets divided by equity) ≈ 6.4% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 5.0% − 12.0% = −7.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 5.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 6.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Swelect Energy Systems have too much debt? Swelect Energy Systems Ltd has total debt of ₹798 Cr against shareholder equity of ₹954 Cr as of Jun 2026, so its debt is 0.84× its equity. Year by year, that ratio went from 0.58 in FY22 to 0.84 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Swelect Energy Systems shareholding pattern? No group of Swelect Energy Systems Ltd's owners changed its stake by a full percentage point over the last two years. Foreign institutions moved +0.0 points over the same period, to 0.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: +0.0 points over 8 quarters, to 56.4%; Foreign institutions: +0.0 points over 8 quarters, to 0.1%; Domestic institutions: +0.0 points over 8 quarters, to 0.0%. ## How far is Swelect Energy Systems from balance-sheet trouble? For Swelect Energy Systems Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Swelect Energy Systems rank in its industry? 48.9 out of 100, rank 11 of 19 in Capital Goods - Electric General, with 89% of the evidence available. Swelect Energy Systems Ltd scores 48.9 out of 100 against the 19 companies it is compared with in Capital Goods - Electric General, ranking 11. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 13.8 + 9.4 + 13 + 12.7 = 48.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Swelect Energy Systems compared with? Swelect Energy Systems ranks 11 of 19 Capital Goods - Electric General companies on the 4-Factor Sector Score, with 48.9 out of 100. 1. [Modison Ltd](https://www.sectoralpha.in/stocks/modison-ltd) MODISONLTD · leader · Most evidence points up · 100% evidence 78.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 84.9% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 17.1/25 · ROCE 31% · Operating margin 11% · 100% evidence Valuation 15.1/20 · P/E 9.6× · PEG 0.46 · 100% evidence Relative strength 18.7/20 · Lead over its industry 47.3% · Lead over NIFTY 500 46.8% · 1 year 128.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 17.1 + 15.1 + 18.7 = 78 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Rishabh Instruments Ltd](https://www.sectoralpha.in/stocks/rishabh-instruments-ltd) RISHABH · leader · Most evidence points up · 96% evidence 68.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.8/35 · Revenue 5.8% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 16.9/25 · ROCE 14.5% · Operating margin 17% · 100% evidence Valuation 10.8/20 · P/E 30× · PEG 1.24 · 100% evidence Relative strength 16.3/20 · Lead over its industry 22.8% · Lead over NIFTY 500 25.5% · 1 year 52.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.8 + 16.9 + 10.8 + 16.3 = 68.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Spectrum Electrical Industries Ltd](https://www.sectoralpha.in/stocks/spectrum-electrical-industries-ltd) SPECTRUM · leader · Most evidence points up · 89% evidence 68.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 40.8% · Profit 92.3% · Operating margin change 1 points · 88% evidence Capital efficiency 17.2/25 · ROCE 17.8% · Operating margin 15% · 100% evidence Valuation 6.7/20 · P/E 135× · PEG 1.9 · 65% evidence Relative strength 20.0/20 · Lead over its industry 119.7% · Lead over NIFTY 500 122.5% · 1 year 158.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.3 + 17.2 + 6.7 + 20 = 68.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Modern Insulators Ltd](https://www.sectoralpha.in/stocks/modern-insulators-ltd) MODINSULAT · turning · Most evidence points up · 78% evidence 68.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.5/35 · Revenue 41.6% · Profit 100% · Operating margin change 8 points · 83% evidence Capital efficiency 18.3/25 · ROCE 19.3% · Operating margin 17% · 76% evidence Valuation 7.7/20 · P/E 22.4× · PEG n/a · 50% evidence Relative strength 12.6/20 · Lead over its industry 35.3% · Lead over NIFTY 500 36.4% · 1 year 195.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 29.5 + 18.3 + 7.7 + 12.6 = 68.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [V-Guard Industries Ltd](https://www.sectoralpha.in/stocks/v-guard-industries-ltd) VGUARD · quiet · Evidence leans up · 100% evidence 62.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Revenue 21.5% · Profit 41.7% · Operating margin change 1 points · 100% evidence Capital efficiency 16.1/25 · ROCE 18.4% · Operating margin 9% · 100% evidence Valuation 14.7/20 · P/E 28.7× · PEG 1.12 · 100% evidence Relative strength 7.3/20 · Lead over its industry -12.4% · Lead over NIFTY 500 -7.7% · 1 year -22.7% · 100% evidence · 5 of 12 weeks ahead Exact sum: 24.7 + 16.1 + 14.7 + 7.3 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Insolation Energy Ltd](https://www.sectoralpha.in/stocks/insolation-energy-ltd) INA · quiet · Evidence leans up · 81% evidence 59.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 81.7% · Profit 45.2% · Operating margin change -6 points · 88% evidence Capital efficiency 16.5/25 · ROCE 22.4% · Operating margin 10% · 100% evidence Valuation 19.5/20 · P/E 7.8× · PEG 0.23 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -36.5% · 1 year -61.5% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.3 + 16.5 + 19.5 + 7.5 = 59.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Alpex Solar Ltd](https://www.sectoralpha.in/stocks/alpex-solar-ltd) ALPEXSOLAR · quiet · Evidence leans up · 64% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 100% · Profit 61.3% · Operating margin change -1 points · 88% evidence Capital efficiency 19.7/25 · ROCE 44.8% · Operating margin 15% · 100% evidence Valuation 11.3/20 · P/E 8.4× · PEG n/a · 15% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -21.8% · 1 year -45% · 25% evidence · 1 of 12 weeks ahead Exact sum: 18.7 + 19.7 + 11.3 + 7.9 = 57.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Ravindra Energy Ltd](https://www.sectoralpha.in/stocks/ravindra-energy-ltd) RELTD · quiet · Evidence leans up · 79% evidence 54.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.3/35 · Revenue 28.2% · Profit 53% · Operating margin change 14.6 points · 88% evidence Capital efficiency 15.3/25 · ROCE 14.4% · Operating margin 31.8% · 100% evidence Valuation 9.4/20 · P/E 44.7× · PEG n/a · 15% evidence Relative strength 4.1/20 · Lead over its industry -8.7% · Lead over NIFTY 500 -4.4% · 1 year -16.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 25.3 + 15.3 + 9.4 + 4.1 = 54.1 · What this means: Earnings are strong; relative strength in its sector is -8.7% and the one-year return is -16.4%. 9. [IKIO Technologies Ltd](https://www.sectoralpha.in/stocks/ikio-technologies-ltd) IKIO · quiet · Evidence leans up · 78% evidence 53.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.2/35 · Revenue 34.5% · Profit 100% · Operating margin change 4 points · 83% evidence Capital efficiency 9.5/25 · ROCE 9.5% · Operating margin 13% · 76% evidence Valuation 13.1/20 · P/E 26.8× · PEG n/a · 50% evidence Relative strength 5.5/20 · Lead over its industry -5.4% · Lead over NIFTY 500 -1.9% · 1 year -22.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 25.2 + 9.5 + 13.1 + 5.5 = 53.3 · What this means: Earnings are strong; relative strength in its sector is -5.4% and the one-year return is -22.8%. 10. [Siemens Ltd](https://www.sectoralpha.in/stocks/siemens-ltd) SIEMENS · losing its lead · Evidence leans up · 78% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 13.2% · Profit 33.7% · Operating margin change -4 points · 83% evidence Capital efficiency 17.2/25 · ROCE 21.4% · Operating margin 9% · 76% evidence Valuation 5.5/20 · P/E 78.2× · PEG n/a · 50% evidence Relative strength 8.8/20 · Lead over its industry -4.2% · Lead over NIFTY 500 -0.3% · 1 year 6.7% · 100% evidence · 7 of 12 weeks ahead Exact sum: 19.3 + 17.2 + 5.5 + 8.8 = 50.8 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 11. Swelect Energy Systems Ltd this page SWELECTES · turning · Evidence leans down · 89% evidence 48.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.8/35 · Revenue -10.9% · Profit 54.6% · Operating margin change -1.8 points · 88% evidence Capital efficiency 9.4/25 · ROCE 8% · Operating margin 21.7% · 100% evidence Valuation 13.0/20 · P/E 20.6× · PEG 1.03 · 65% evidence Relative strength 12.7/20 · Lead over its industry -3.9% · Lead over NIFTY 500 0.5% · 1 year -27.4% · 100% evidence · 3 of 12 weeks ahead Exact sum: 13.8 + 9.4 + 13 + 12.7 = 48.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 12. [HPL Electric & Power Ltd](https://www.sectoralpha.in/stocks/hpl-electric-power-ltd) HPL · quiet · Evidence leans down · 81% evidence 48.3 out of 100 Growth Capital Valuation Relative
13. [Kirloskar Electric Company Ltd](https://www.sectoralpha.in/stocks/kirloskar-electric-company-ltd) KECL · quiet · Evidence leans down · 79% evidence 43.3 out of 100 Growth Capital Valuation Relative
14. [Salzer Electronics Ltd](https://www.sectoralpha.in/stocks/salzer-electronics-ltd) SALZERELEC · quiet · Evidence leans down · 81% evidence 41.4 out of 100 Growth Capital Valuation Relative
15. [Servotech Renewable Power System Ltd](https://www.sectoralpha.in/stocks/servotech-renewable-power-system-ltd) SERVOTECH · basing · Evidence leans down · 78% evidence 39.7 out of 100 Growth Capital Valuation Relative
16. [Honda India Power Products Ltd](https://www.sectoralpha.in/stocks/honda-india-power-products-ltd) HONDAPOWER · quiet · Evidence leans down · 81% evidence 39.4 out of 100 Growth Capital Valuation Relative
17. [Exicom Tele-Systems Ltd](https://www.sectoralpha.in/stocks/exicom-tele-systems-ltd) EXICOM · quiet · Evidence leans down · 68% evidence 38.9 out of 100 Growth Capital Valuation Relative
18. [Focus Lighting & Fixtures Ltd](https://www.sectoralpha.in/stocks/focus-lighting-fixtures-ltd) FOCUS · Most evidence points down · 69% evidence 24.4 out of 100 Growth Capital Valuation Relative
19. [Igarashi Motors India Ltd](https://www.sectoralpha.in/stocks/igarashi-motors-india-ltd) IGARASHI · quiet · Most evidence points down · 89% evidence 23.4 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Capital Goods - Electric General](https://www.sectoralpha.in/sectors/capital-goods-electric-general), all 19 compared on one page. ## Which companies are close to Swelect Energy Systems in size? Swelect Energy Systems is the 16th largest of 19 Capital Goods - Electric General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Modern Insulators, Modison and Igarashi Motors India. Just below it: Salzer Electronics, Kirloskar Electric Company and Focus Lighting & Fixtures. ### Capital Goods - Electric General companies close in size

1. [Modern Insulators Ltd](https://www.sectoralpha.in/stocks/modern-insulators-ltd) ₹1,122 crore
2. [Modison Ltd](https://www.sectoralpha.in/stocks/modison-ltd) ₹1,117 crore
3. [Igarashi Motors India Ltd](https://www.sectoralpha.in/stocks/igarashi-motors-india-ltd) ₹1,112 crore
4. Swelect Energy Systems Ltd ₹885 crore
5. [Salzer Electronics Ltd](https://www.sectoralpha.in/stocks/salzer-electronics-ltd) ₹824 crore
6. [Kirloskar Electric Company Ltd](https://www.sectoralpha.in/stocks/kirloskar-electric-company-ltd) ₹724 crore
7. [Focus Lighting & Fixtures Ltd](https://www.sectoralpha.in/stocks/focus-lighting-fixtures-ltd) ₹452 crore

[All 19 Capital Goods - Electric General companies, largest first](https://www.sectoralpha.in/sectors/capital-goods-electric-general#all-companies)

### Companies close in size in other industries

1. [Precision Camshafts Ltd](https://www.sectoralpha.in/stocks/precision-camshafts-ltd) ₹886 crore · Auto Ancillaries - Diversified
2. [Oricon Enterprises Ltd](https://www.sectoralpha.in/stocks/oricon-enterprises-ltd) ₹885 crore · Packaging & Containers
3. Swelect Energy Systems Ltd ₹885 crore
4. [Asgard Alcobev Ltd](https://www.sectoralpha.in/stocks/asgard-alcobev-ltd) ₹884 crore · Alcoholic Beverages
5. [Freshara Agro Exports Ltd](https://www.sectoralpha.in/stocks/freshara-agro-exports-ltd) ₹882 crore · Food - Processing - Spices/Pickles

## What else do people ask about Swelect Energy Systems? ### What is Swelect Energy Systems's share price today? Swelect Energy Systems Ltd's share price is ₹612.00, −23.9% over the past year. The whole company is worth ₹927 Cr on the market. In the last 52 weeks it traded between ₹500 to ₹785; today it is 39% of the way up from the low, 1.5% below its 200-day average (as of 3 November 2026). ### What were Swelect Energy Systems's latest quarterly results? Swelect Energy Systems Ltd reported revenue of ₹131 Cr and net profit of ₹7.7 Cr for the Jun 2026 quarter. Revenue fell 26.2% and profit fell 63.8% compared with a year earlier. Earnings per share were ₹4.66. The operating margin was 21.7%, 1.8 percentage points lower than a year earlier (as of 3 November 2026). ### What is Swelect Energy Systems's market cap? Swelect Energy Systems Ltd's market capitalisation is ₹927 Cr at a share price of ₹612.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Swelect Energy Systems performing? Swelect Energy Systems Ltd's share price has been falling for 16 weeks. In its latest quarter, revenue fell 26.2% and profit fell 63.8% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will Swelect Energy Systems's share price go up? This page does not forecast Swelect Energy Systems Ltd's share price. What it shows instead: the share price is ₹612.00, and it has been falling for 16 weeks. Its P/E of 21.6× is higher than 48% of its own last 11 years (as of 3 November 2026). ### Who owns Swelect Energy Systems? Promoters own 56.4% of Swelect Energy Systems Ltd, foreign institutions 0.1%, domestic institutions 0.0% and the public 43.6% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Does Swelect Energy Systems have too much debt? Swelect Energy Systems Ltd has a moderate amount of debt: its debt is 0.87× its equity, and its operating profit is 3 times its interest bill. FY26 borrowings were ₹798 Cr against equity of ₹921 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Swelect Energy Systems in its business cycle? Swelect Energy Systems Ltd's FY26 operating margin was 23.0%, against a 13-year range of 3.5% to 35.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 21.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Swelect Energy Systems story? The main question: yearly earnings per share moved +337.9% while the share price moved −23.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Swelect Energy Systems a stock worth studying right now? What the numbers show: Swelect Energy Systems Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- Power & green energy stocks: https://www.sectoralpha.in/sectors/power-stocks-india

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