Swelect Energy Systems Limited
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… Read more
Swelect Energy Systems Limited (SWELECTES) - Net Assets
Latest net assets as of September 2025: ₹9.18 Billion INR
Based on the latest financial reports, Swelect Energy Systems Limited (SWELECTES) has net assets worth ₹9.18 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹17.79 Billion) and total liabilities (₹8.61 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹9.18 Billion |
| % of Total Assets | 51.62% |
| Annual Growth Rate | 12.75% |
| 5-Year Change | 17.09% |
| 10-Year Change | 26.83% |
| Growth Volatility | 28.11 |
Swelect Energy Systems Limited - Net Assets Trend (2006–2025)
This chart illustrates how Swelect Energy Systems Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Swelect Energy Systems Limited (2006–2025)
The table below shows the annual net assets of Swelect Energy Systems Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹8.77 Billion | +2.25% |
| 2024-03-31 | ₹8.58 Billion | +6.73% |
| 2023-03-31 | ₹8.04 Billion | +2.15% |
| 2022-03-31 | ₹7.87 Billion | +5.03% |
| 2021-03-31 | ₹7.49 Billion | +4.11% |
| 2020-03-31 | ₹7.19 Billion | -0.90% |
| 2019-03-31 | ₹7.26 Billion | +1.57% |
| 2018-03-31 | ₹7.15 Billion | +2.08% |
| 2017-03-31 | ₹7.00 Billion | +1.26% |
| 2016-03-31 | ₹6.92 Billion | +1.40% |
| 2015-03-31 | ₹6.82 Billion | +0.88% |
| 2014-03-31 | ₹6.76 Billion | +1.89% |
| 2013-03-31 | ₹6.63 Billion | +126.32% |
| 2012-03-31 | ₹2.93 Billion | +14.34% |
| 2011-03-31 | ₹2.56 Billion | +18.58% |
| 2010-03-31 | ₹2.16 Billion | +17.36% |
| 2009-03-31 | ₹1.84 Billion | +25.44% |
| 2008-03-31 | ₹1.47 Billion | +37.90% |
| 2007-03-31 | ₹1.07 Billion | +18.67% |
| 2006-03-31 | ₹897.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Swelect Energy Systems Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 553650500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹5.54 Billion | 64.63% |
| Common Stock | ₹151.59 Million | 1.77% |
| Other Components | ₹2.88 Billion | 33.60% |
| Total Equity | ₹8.57 Billion | 100.00% |
Swelect Energy Systems Limited Competitors by Market Cap
The table below lists competitors of Swelect Energy Systems Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sunty Development Co Ltd
TW:3266
|
$33.34 Million |
|
African Rainbow Capital Investments Ltd
JSE:AIL
|
$33.34 Million |
|
Petrolimex Gas Corp JSC
VN:PGC
|
$33.35 Million |
|
Blue Lagoon Resources Inc
OTCQB:BLAGF
|
$33.35 Million |
|
Scottie Resources Corp
OTCQB:SCTSF
|
$33.31 Million |
|
Coreline Soft, Co., Ltd.
KQ:384470
|
$33.29 Million |
|
IMMUCELL CORP. DL-10
F:IUL
|
$33.28 Million |
|
Shine-On BioMedical Co.,Ltd.
TWO:6926
|
$33.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Swelect Energy Systems Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,391,188,000 to 8,566,840,000, a change of 175,652,000 (2.1%).
- Net income of 125,974,000 contributed positively to equity growth.
- Dividend payments of 60,635,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,334,615,000.
- Other factors increased equity by 2,444,928,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹125.97 Million | +1.47% |
| Dividends Paid | ₹60.63 Million | -0.71% |
| Other Comprehensive Income | ₹-2.33 Billion | -27.25% |
| Other Changes | ₹2.44 Billion | +28.54% |
| Total Change | ₹- | 2.09% |
Book Value vs Market Value Analysis
This analysis compares Swelect Energy Systems Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.96x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 8.93x to 0.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹59.83 | ₹534.55 | x |
| 2007-03-31 | ₹71.00 | ₹534.55 | x |
| 2008-03-31 | ₹96.88 | ₹534.55 | x |
| 2009-03-31 | ₹121.54 | ₹534.55 | x |
| 2010-03-31 | ₹142.63 | ₹534.55 | x |
| 2011-03-31 | ₹168.80 | ₹534.55 | x |
| 2012-03-31 | ₹192.93 | ₹534.55 | x |
| 2013-03-31 | ₹438.84 | ₹534.55 | x |
| 2014-03-31 | ₹447.54 | ₹534.55 | x |
| 2015-03-31 | ₹440.31 | ₹534.55 | x |
| 2016-03-31 | ₹456.19 | ₹534.55 | x |
| 2017-03-31 | ₹461.93 | ₹534.55 | x |
| 2018-03-31 | ₹471.55 | ₹534.55 | x |
| 2019-03-31 | ₹478.96 | ₹534.55 | x |
| 2020-03-31 | ₹474.63 | ₹534.55 | x |
| 2021-03-31 | ₹489.89 | ₹534.55 | x |
| 2022-03-31 | ₹511.65 | ₹534.55 | x |
| 2023-03-31 | ₹519.33 | ₹534.55 | x |
| 2024-03-31 | ₹553.55 | ₹534.55 | x |
| 2025-03-31 | ₹555.27 | ₹534.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Swelect Energy Systems Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.03%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.04x
- Recent ROE (1.47%) is below the historical average (12.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 24.50% | 9.11% | 1.47x | 1.83x | ₹130.12 Million |
| 2007 | 19.22% | 7.05% | 1.54x | 1.77x | ₹98.23 Million |
| 2008 | 29.02% | 10.01% | 1.66x | 1.75x | ₹279.31 Million |
| 2009 | 20.88% | 8.68% | 1.63x | 1.48x | ₹200.42 Million |
| 2010 | 17.54% | 8.24% | 1.48x | 1.44x | ₹163.13 Million |
| 2011 | 16.00% | 8.03% | 1.31x | 1.53x | ₹153.64 Million |
| 2012 | 11.89% | 5.80% | 1.41x | 1.45x | ₹55.32 Million |
| 2013 | 78.30% | 295.17% | 0.22x | 1.21x | ₹4.54 Billion |
| 2014 | 2.38% | 9.13% | 0.20x | 1.30x | ₹-517.26 Million |
| 2015 | -0.06% | -0.17% | 0.25x | 1.35x | ₹-671.21 Million |
| 2016 | 2.39% | 5.99% | 0.31x | 1.30x | ₹-525.99 Million |
| 2017 | 3.09% | 8.96% | 0.27x | 1.29x | ₹-483.92 Million |
| 2018 | 2.22% | 5.54% | 0.29x | 1.39x | ₹-555.91 Million |
| 2019 | 0.94% | 3.10% | 0.22x | 1.37x | ₹-657.75 Million |
| 2020 | -1.41% | -4.17% | 0.23x | 1.46x | ₹-821.17 Million |
| 2021 | 3.51% | 10.70% | 0.20x | 1.61x | ₹-481.81 Million |
| 2022 | 4.18% | 9.15% | 0.25x | 1.81x | ₹-451.58 Million |
| 2023 | 0.70% | 2.35% | 0.16x | 1.89x | ₹-731.79 Million |
| 2024 | 7.39% | 26.21% | 0.14x | 1.98x | ₹-219.03 Million |
| 2025 | 1.47% | 2.03% | 0.36x | 2.04x | ₹-730.71 Million |
Industry Comparison
This section compares Swelect Energy Systems Limited's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $3,624,075,970
- Average return on equity (ROE) among peers: 2.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Swelect Energy Systems Limited (SWELECTES) | ₹9.18 Billion | 24.50% | 0.94x | $33.33 Million |
| BOROSIL RENEWABLES LIMITED (BORORENEW) | $9.43 Billion | 7.39% | 0.73x | $259.05 Million |
| GENSOL ENGINEERING ORD (BSE) (GENSOL) | $464.90 Million | 23.85% | 3.47x | $4.61 Million |
| Premier Energies Limited (PREMIERENE) | $4.04 Billion | -3.55% | 2.32x | $1.08 Billion |
| Ravindra Energy Limited (RELTD) | $3.54 Billion | 6.12% | 0.84x | $14.81K |
| Surana Solar Limited (SURANASOL) | $422.12 Million | 6.11% | 1.37x | $7.40 Million |
| Sterling and Wilson Renewable Energy Limited (SWSOLAR) | $9.55 Billion | -22.19% | 3.50x | $241.57 Million |
| Ujaas Energy Limited (UEL) | $1.63 Billion | 22.97% | 2.05x | $74.81 Million |
| Urja Global Limited (URJA) | $32.01 Million | 0.00% | 0.00x | $41.92 Million |
| VIKRAM SOLAR LIMITED (VIKRAMSOLR) | $3.51 Billion | -17.92% | 5.37x | $233.11 Million |