| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 131 | 177 | −26.2% |
| EBITDA | 28.4 | 41.7 | −31.9% |
| EBITDA margin | 21.7% | 23.5% | −1.8 pts |
| Profit before tax | 10.4 | 27.8 | −62.6% |
| Net profit | 7.7 | 21.1 | −63.8% |
| EPS | ₹4.66 | ₹13.95 | −66.6% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 902 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 312 | 312 | 294 | 290 | 291 | ||
| 33.2 | 33.2 | 20.4 | 18.7 | 16.5 | ||
| 798 | 798 | 628 | 569 | 550 | ||
| 1,421 | — | — | — | — | ||
| 611 | 657 | 622 | 243 | 366 | ||
| — | +5.7% | +156.1% | −33.7% | — | ||
| 138 | 151 | 96.9 | 84.0 | 71.9 | ||
| 22.6% | 23.0% | 15.6% | 34.6% | 19.7% | ||
| 88.2 | 103 | 53.7 | 42.1 | 38.5 | ||
| 44.1 | 57.6 | 14.0 | 63.1 | 6.4 | ||
| 7.2% | 8.8% | 2.3% | 26.0% | 1.8% | ||
| ₹27.51 | ₹36.40 | ₹8.31 | ₹40.91 | ₹3.66 | ||
| — | +338.0% | −79.7% | +1,018.4% | — | ||
| — | 95.5 | 130 | 89.5 | 131 | ||
| — | −242 | −138 | −128 | −151 | ||
| −146 | −146 | −7.5 | −38.3 | −19.9 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 902.4 | |
| - Cash, Equiv & ST Investments | 291.1 | 289.8 | 294.1 | 312.3 | 312.3 | |
| + Minority Interest | 16.5 | 18.7 | 20.4 | 33.2 | 33.2 | |
| + Total Debt | 550.2 | 569.0 | 627.7 | 797.6 | 797.6 | |
| Enterprise Value | — | — | — | — | 1,420.9 | |
| Revenue | 366.0 | 242.8 | 621.7 | 657.1 | 610.7 | |
| Growth %, YoY | — | -33.7 | +156.1 | +5.7 | — | |
| EBITDA | 71.9 | 84.0 | 96.9 | 151.4 | 138.1 | |
| Margin % | 19.66 | 34.59 | 15.58 | 23.04 | 22.62 | |
| EBIT | 38.5 | 42.1 | 53.7 | 102.6 | 88.2 | |
| Net Income | 6.4 | 63.1 | 14.0 | 57.6 | 44.1 | |
| Margin % | 1.75 | 25.99 | 2.25 | 8.76 | 7.22 | |
| EPS, Adj (current shares) | 3.66 | 40.91 | 8.31 | 36.40 | 27.51 | |
| Growth %, YoY | — | +1,018.4 | -79.7 | +338.0 | — | |
| Cash from Operations | 131.5 | 89.5 | 130.1 | 95.5 | — | |
| Capital Expenditures | -151.3 | -127.9 | -137.6 | -241.9 | — | |
| Free Cash Flow | -19.9 | -38.3 | -7.5 | -146.4 | -146.4 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Swelect Energy Systems (NSE: SWELECTES) had a market capitalisation of ₹885 crore at the 30 October 2026 close (₹584.10 a share), a PE ratio of 21.2 on the last four quarters' profit and a price-to-book ratio of 0.96. In FY26 its consolidated net profit attributable to shareholders was ₹55.2 crore on revenue of ₹657 crore; in Q1 FY27 (April–June 2026) it was ₹7.1 crore, down 65.6% year on year. Its debt-to-equity ratio was 0.84 on 31 March 2026. Promoters held 56.37% of the shares on 30 September 2026.
Swelect Energy Systems' PE ratio is 21.2 at the 30 October 2026 close (₹584.10 a share): a market capitalisation of ₹885 crore divided by consolidated net profit attributable to shareholders of ₹41.7 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹55.2 crore) it is 16.0.
Swelect Energy Systems' price-to-book (PB) ratio is 0.96 at the 30 October 2026 close: a market capitalisation of ₹885 crore divided by shareholders' equity (book value) of ₹921 crore on 31 March 2026. That is a book value of ₹607.66 per share against a share price of ₹584.10.
In FY26, Swelect Energy Systems' return on equity (ROE) was 6.2% and its return on capital employed (ROCE) was 7.7%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 1.5% and ROCE 4.6%.
Swelect Energy Systems' market capitalisation was ₹885 crore at the 30 October 2026 close: 1.52 crore shares at ₹584.10 each.
No. Swelect Energy Systems had borrowings of ₹798 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.84. Its cash and current investments were ₹471 crore, so its net debt was ₹327 crore.
In 2026, Swelect Energy Systems has declared one dividend: ₹3.50 with record date 24 July 2026.
Swelect Energy Systems' debt-to-equity ratio was 0.84 on 31 March 2026: borrowings of ₹798 crore against total equity of ₹954 crore. A year earlier, on 31 March 2025, it was 0.72.
Swelect Energy Systems' net worth — shareholders' equity in its consolidated balance sheet — was ₹921 crore on 31 March 2026, up 7.5% from ₹857 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹885 crore at the 30 October 2026 close.
Promoters held 56.37% of Swelect Energy Systems on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
Swelect Energy Systems' book value per share was ₹607.66 on 31 March 2026: shareholders' equity of ₹921 crore divided by the 1.52 crore shares in issue, up 7.5% from ₹565.14 a year earlier. The share price at the 30 October 2026 close was ₹584.10.
Swelect Energy Systems' dividend yield is 0.60% at the 30 October 2026 close: dividends of ₹3.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹584.10. They were ₹3.50 on 24 July 2026.
On 30 September 2026, Swelect Energy Systems' shares were held by promoters 56.37%, foreign portfolio investors (FII/FPI) 0.07% and retail and other non-institutional investors 43.57%. Over the year, FII holding was up 0.03 percentage points from 0.04%.
Swelect Energy Systems' basic earnings per share (EPS) were ₹36.40 in FY26, against ₹9.22 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹27.95.
In FY26, Swelect Energy Systems generated ₹95.5 crore of cash from operations and spent ₹242 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹146 crore. In FY25 it was −₹7.5 crore.
Swelect Energy Systems has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
Swelect Energy Systems' latest results are for Q1 FY27 (April–June 2026), filed on 13 August 2026: consolidated net profit attributable to shareholders ₹7.1 crore, down 65.6% from ₹20.5 crore in Q1 FY26; revenue from operations ₹131 crore, down 26.2% year on year.
In FY26 (April 2025–March 2026), Swelect Energy Systems' consolidated net profit attributable to shareholders was ₹55.2 crore, up 338.0% from ₹12.6 crore in FY25, on revenue from operations of ₹657 crore (up 5.7%). Over three years, from FY23, net profit was up 895.1%.
At the 30 October 2026 closing prices, on FY26 net profit attributable to shareholders, Swelect Energy Systems' PE ratio is 16.0, the third highest of the four: Indosolar 3.2, Jyoti Structures 20.9 and Bajel Projects 91.8, a peer average of 38.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Indosolar, Jyoti Structures and Bajel Projects: Swelect Energy Systems' operating margin of 15.6% is the second highest of the four (Indosolar 34.4%, Jyoti Structures 4.8%, Bajel Projects 2.8%; peer average 14.0%); its return on equity of 6.2% is the third highest of the four (Indosolar 150.6%, Jyoti Structures 10.8%, Bajel Projects 2.9%; peer average 54.8%).
In FY26, Swelect Energy Systems earned net profit attributable to shareholders of ₹55.2 crore on revenue of ₹657 crore, against ₹247 crore on ₹680 crore for Indosolar. Swelect Energy Systems' operating margin was 15.6% (Indosolar 34.4%) and its return on equity 6.2% (Indosolar 150.6%). At the 30 October 2026 close, Swelect Energy Systems' market capitalisation was ₹885 crore against ₹797 crore for Indosolar, and its PE ratio on FY26 profit 16.0 against 3.2.
From Swelect Energy Systems' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.