Swelect Energy Systems Limited (SWELECTES) Fair Value & Analysis
Technology · IN · Market cap ₹9.9B
Fair value as of: Aug 13, 2026
From 16 valuation models · updated 4 days ago
Fair value updated Aug 13, 2026, revised from ₹616.57 to ₹756.71 (+22.7%) since Aug 8, 2026. Share price +1.9% over the past month.
Below-average quality, screening 20% undervalued on our models.
What matters now
- A fairly wide model range (₹529.70 to ₹983.72) leaves room in how you read the outcome.
- Our model range runs from ₹529.70 (bear) to ₹983.72 (bull), base ₹756.71. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 41/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹193.52 – ₹1,451 · fair‑value band ₹529.70 – ₹983.72 · the ₹629.70 price screens below the ₹756.71 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Swelect Energy Systems Limited (SWELECTES) currently trades at ₹629.70, while our model-based Fair Value estimate is ₹756.71, implying the stock looks roughly 20.2% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Swelect Energy Systems Limited generated revenue of ₹6.6B at a net margin of 8.4%. Revenue declined 7.5% year over year. It earns a return on equity of 6.3%. Net debt stands at ₹6.0B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹529.70 (bear case) to ₹983.72 (bull case); at ₹629.70, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -6% fair-value upside, at 20%, SWELECTES screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: Multiples (₹758.06) versus Dividend Discount (₹45.37). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 42
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Swelect Energy Systems Limited engages in the manufacture and trading of solar mounting structures, solar photovoltaic inverters**and other ancillary products in India.
Full company description
Swelect Energy Systems Limited engages in the manufacture and trading of solar mounting structures, solar photovoltaic inverters**and other ancillary products in India. The company offers photovoltaic modules, including mono PERC, TOPCon, monofacial, bifacial, domestic content requirements, and non-DCR; module mounting structures (MMS), such as ground mount, rooftop, and solar water pumps; energy storage systems, including solar energy storage systems, and solar-wind hybrid energy storage systems. It also provides electrical BoS, such as string combiner boxes (SCBs), DCDBs, AJBs, and ACDBs; and auxiliary transformers, including servo stabilisers. In addition, the company distributes solar power products, such as solar modules and MMS plus BOS accessories. Further, the company engages in solar and wind power generation, and provision of contract manufacturing and installation and maintenance services. It serves homes/SME'S, EPC, O&M services, and independent power producer markets. The company was formerly known as Numeric Power Systems Limited and changed its name to Swelect Energy Systems Limited in May 2012. Swelect Energy Systems Limited was incorporated in 1994 and is based in Chennai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Swelect Energy Systems Limited reported revenue of ₹6.6B in FY2026 versus ₹3.5B in FY2022, a compound +16.7%/yr. Reported net income was ₹552M in FY2026, compounding +14.2%/yr from FY2022.
of which total revenue +8.2 pp · buybacks/dilution −0.1 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Solar · 115 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Solar median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Solar stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| First Solar, Inc FSLR | $240.91 | $392.12 | +63% |
| Nextpower Inc NXT | $103.67 | $69.61 | -33% |
| Waaree Energies Limited WAAREEENER | ₹2,668 | ₹2,709 | +2% |
| Tongwei Co 600438 | ¥12.89 | ¥12.13 | -6% |
| Jinko Solar Co 688223 | ¥4.52 | ¥6.47 | +43% |
| Enphase Energy, Inc ENPH | $40.77 | $24.15 | -41% |
| CSI Solar Co 688472 | ¥10.28 | ¥6.76 | -34% |
| Hengdian Group 002056 | ¥22.35 | ¥31.86 | +43% |
| Premier Energies Limited PREMIERENE | ₹1,017 | ₹648.94 | -36% |
| Trina Solar Co 688599 | ¥13.64 | ¥7.97 | -42% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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