Swelect Energy Systems Limited Net Assets
Swelect Energy Systems Limited net assets. Based on the latest financial reports, Swelect Energy Systems Limited (SWELECTES) has net assets worth Rs9.54 Billion INR (≈ $103.21 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs20.83 Billion ≈ $225.25 Million USD) and total liabilities (Rs11.28 Billion ≈ $122.04 Million USD). 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. Also explore net asset momentum of Swelect Energy Systems Limited to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs9.54 Billion |
| % of Total Assets | 45.82% |
| Annual Growth Rate | 12.55% |
| 5-Year Change | 21.3% |
| 10-Year Change | 36.29% |
| Growth Volatility | 27.44 |
Net Assets of Swelect Energy Systems Limited (2006–2026)
Net assets of Swelect Energy Systems Limited from 2006 to 2026. This chart illustrates how Swelect Energy Systems Limited's net assets have evolved over time, based on quarterly financial data. See SWELECTES net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Swelect Energy Systems Limited (2006–2026)
The table below shows the annual net assets of Swelect Energy Systems Limited from 2006 to 2026. For live market cap and overall valuation, see Swelect Energy Systems Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs9.54 Billion ≈ $103.21 Million |
+8.81% |
| 2025-03-31 | Rs8.77 Billion ≈ $94.85 Million |
+2.25% |
| 2024-03-31 | Rs8.58 Billion ≈ $92.77 Million |
+6.73% |
| 2023-03-31 | Rs8.04 Billion ≈ $86.92 Million |
+2.15% |
| 2022-03-31 | Rs7.87 Billion ≈ $85.09 Million |
+5.03% |
| 2021-03-31 | Rs7.49 Billion ≈ $81.01 Million |
+4.11% |
| 2020-03-31 | Rs7.19 Billion ≈ $77.81 Million |
-0.90% |
| 2019-03-31 | Rs7.26 Billion ≈ $78.52 Million |
+1.57% |
| 2018-03-31 | Rs7.15 Billion ≈ $77.30 Million |
+2.08% |
| 2017-03-31 | Rs7.00 Billion ≈ $75.73 Million |
+1.26% |
| 2016-03-31 | Rs6.92 Billion ≈ $74.79 Million |
+1.40% |
| 2015-03-31 | Rs6.82 Billion ≈ $73.76 Million |
+0.88% |
| 2014-03-31 | Rs6.76 Billion ≈ $73.11 Million |
+1.89% |
| 2013-03-31 | Rs6.63 Billion ≈ $71.75 Million |
+126.32% |
| 2012-03-31 | Rs2.93 Billion ≈ $31.70 Million |
+14.34% |
| 2011-03-31 | Rs2.56 Billion ≈ $27.73 Million |
+18.58% |
| 2010-03-31 | Rs2.16 Billion ≈ $23.38 Million |
+17.36% |
| 2009-03-31 | Rs1.84 Billion ≈ $19.92 Million |
+25.44% |
| 2008-03-31 | Rs1.47 Billion ≈ $15.88 Million |
+37.90% |
| 2007-03-31 | Rs1.07 Billion ≈ $11.52 Million |
+18.67% |
| 2006-03-31 | Rs897.49 Million ≈ $9.71 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 605391900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Swelect Energy Systems Limited Net Assets Breakdown (March 2026)
Swelect Energy Systems Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs6.05 Billion | 65.72% |
| Common Stock | Rs151.59 Million | 1.65% |
| Other Components | Rs3.01 Billion | 32.63% |
| Total Equity | Rs9.21 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 |
|---|---|
|
Betr Entertainment Ltd
AU:BBT
|
$95.76 Million |
|
AKA Brands Holding Corp
NYSE:AKA
|
$95.78 Million |
|
Rockridge Resources Ltd
V:ROCK
|
$95.78 Million |
|
Dongwha Pharm.Co.Ltd
KO:000020
|
$95.80 Million |
|
Technical Olympic S.A
AT:OLYMP
|
$95.74 Million |
|
KKB Engineering Berhad
KLSE:9466
|
$95.69 Million |
|
Nicola Mining Inc. American Depositary Shares
NASDAQ:NICM
|
$95.64 Million |
|
Silla Co.Ltd
KO:004970
|
$95.63 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 2025 to 2026, total equity changed from 8,566,840,000 to 9,211,411,000, a change of 644,571,000 (7.5%).
- Net income of 551,716,000 contributed positively to equity growth.
- Dividend payments of 45,476,000 reduced retained earnings.
- Other factors increased equity by 138,331,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs551.72 Million | +5.99% |
| Dividends Paid | Rs45.48 Million | -0.49% |
| Other Changes | Rs138.33 Million | +1.5% |
| Total Change | Rs- | 7.52% |
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 9.76x 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 | Rs59.83 | Rs584.10 | x |
| 2007-03-31 | Rs71.00 | Rs584.10 | x |
| 2008-03-31 | Rs96.88 | Rs584.10 | x |
| 2009-03-31 | Rs121.54 | Rs584.10 | x |
| 2010-03-31 | Rs142.63 | Rs584.10 | x |
| 2011-03-31 | Rs168.80 | Rs584.10 | x |
| 2012-03-31 | Rs192.93 | Rs584.10 | x |
| 2013-03-31 | Rs438.84 | Rs584.10 | x |
| 2014-03-31 | Rs447.54 | Rs584.10 | x |
| 2015-03-31 | Rs440.31 | Rs584.10 | x |
| 2016-03-31 | Rs456.19 | Rs584.10 | x |
| 2017-03-31 | Rs461.93 | Rs584.10 | x |
| 2018-03-31 | Rs471.55 | Rs584.10 | x |
| 2019-03-31 | Rs478.96 | Rs584.10 | x |
| 2020-03-31 | Rs474.63 | Rs584.10 | x |
| 2021-03-31 | Rs489.89 | Rs584.10 | x |
| 2022-03-31 | Rs511.65 | Rs584.10 | x |
| 2023-03-31 | Rs519.33 | Rs584.10 | x |
| 2024-03-31 | Rs553.55 | Rs584.10 | x |
| 2025-03-31 | Rs555.27 | Rs584.10 | x |
| 2026-03-31 | Rs607.05 | Rs584.10 | 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): 5.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.40%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 2.26x
- Recent ROE (5.99%) is below the historical average (11.91%), 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 | Rs130.12 Million |
| 2007 | 19.22% | 7.05% | 1.54x | 1.77x | Rs98.23 Million |
| 2008 | 29.02% | 10.01% | 1.66x | 1.75x | Rs279.31 Million |
| 2009 | 20.88% | 8.68% | 1.63x | 1.48x | Rs200.42 Million |
| 2010 | 17.54% | 8.24% | 1.48x | 1.44x | Rs163.13 Million |
| 2011 | 16.00% | 8.03% | 1.31x | 1.53x | Rs153.64 Million |
| 2012 | 11.89% | 5.80% | 1.41x | 1.45x | Rs55.32 Million |
| 2013 | 78.30% | 295.17% | 0.22x | 1.21x | Rs4.54 Billion |
| 2014 | 2.38% | 9.13% | 0.20x | 1.30x | Rs-517.26 Million |
| 2015 | -0.06% | -0.17% | 0.25x | 1.35x | Rs-671.21 Million |
| 2016 | 2.39% | 5.99% | 0.31x | 1.30x | Rs-525.99 Million |
| 2017 | 3.09% | 8.96% | 0.27x | 1.29x | Rs-483.92 Million |
| 2018 | 2.22% | 5.54% | 0.29x | 1.39x | Rs-555.91 Million |
| 2019 | 0.94% | 3.10% | 0.22x | 1.37x | Rs-657.75 Million |
| 2020 | -1.41% | -4.17% | 0.23x | 1.46x | Rs-821.17 Million |
| 2021 | 3.51% | 10.70% | 0.20x | 1.61x | Rs-481.81 Million |
| 2022 | 4.18% | 9.15% | 0.25x | 1.81x | Rs-451.58 Million |
| 2023 | 0.70% | 2.35% | 0.16x | 1.89x | Rs-731.79 Million |
| 2024 | 7.39% | 26.21% | 0.14x | 1.98x | Rs-219.03 Million |
| 2025 | 1.47% | 2.03% | 0.36x | 2.04x | Rs-730.71 Million |
| 2026 | 5.99% | 8.40% | 0.32x | 2.26x | Rs-369.43 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: $14,320,017,362
- Average return on equity (ROE) among peers: 14.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Swelect Energy Systems Limited (SWELECTES) | Rs9.54 Billion | 24.50% | 1.18x | $95.76 Million |
| BOROSIL RENEWABLES LIMITED (BORORENEW) | $624.10 Million | 17.67% | 0.86x | $615.44 Million |
| GENSOL ENGINEERING ORD (BSE) (GENSOL) | $3.13 Billion | 19.02% | 6.44x | $4.07 Million |
| Premier Energies Limited (PREMIERENE) | $2.70 Billion | 16.76% | 2.08x | $4.28 Billion |
| Surana Solar Limited (SURANASOL) | $423.79 Million | 7.16% | 1.42x | $11.46 Million |
| Sterling and Wilson Renewable Energy Limited (SWSOLAR) | $10.73 Billion | 28.91% | 3.69x | $343.41 Million |
| Urja Global Limited (URJA) | $32.01 Million | 0.00% | 0.00x | $45.69 Million |
| Waaree Energies Limited (WAAREEENER) | $95.95 Billion | 19.46% | 1.06x | $7.17 Billion |
| Websol Energy System Limited (WEBELSOLAR) | $970.52 Million | 10.88% | 3.71x | $299.57 Million |
About 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