Sharekhan

Swelect Energy Systems Ltd

Fri 6/06/2025,15:14:14 | NSE : SWELECTES

₹ 600.10-7.05 (-1.16%)

Data is delayed. Analysis is best done in real-time! Open a FREE Sharekhan Demat A/c in 15 mins* and continue your analysis with real-time data.

Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 600.10

Previous Close

₹ 607.15

Volume

6439

Mkt Cap ( Rs. Cr)

₹909.68

High

₹ 600.10

Low

₹ 595.00

52 Week High

₹ 1405.00

52 Week Low

₹ 461.10

Book Value Per Share

₹ 564.13

Dividend Yield

0.00

Face Value

₹ 10.00

What’s Your Call?

Collective community sentiment on Swelect Energy Systems Ltd

Your Vote -

Buy

84.62%

Hold

0.00%

Sell

15.38%

84.62%

13 users have voted

Market Depth

How many stocks are available to buy or sell and at what prices.

Buy Order Quantity

NaN%

Sell Order Quantity

NaN%

Bid Price

Qty

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

Bid Total

0

Bid Price

Qty

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

Bid Total

0

Option Chain

Analyzes market sentiment, predicts Swelect Energy Systems Ltd' movement.

NO_RECORD_FOUND

News

Media spotlight triggers stock stock attention, sentiment.

  • Swelect Energy Syste - Copy of Newspaper Publication

    31 May 2025, 3:22PM Swelect Energy Systems Limited has informed the Exchange about Copy of Newspaper Publication
  • Swelect Energy Syste - Outcome of Board Meeting-XBRL

    30 May 2025, 11:15PM SWELECT ENERGY SYSTEMS LIMITED has informed the Exchange regarding Outcome of Board Meeting held on 30-May-2025 for Dividend
  • Swelect Energy Syste - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    30 May 2025, 11:15PM SWELECT ENERGY SYSTEMS LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Trans
  • Swelect Energy Syste - Change in Management

    30 May 2025, 10:56PM Swelect Energy Systems Limited has informed the Exchange about Re-appointment of Mr. A Balan as Whole Time Director
  • Swelect Energy Syste - Change in Auditors

    30 May 2025, 10:54PM Swelect Energy Systems Limited has informed the Exchange regarding Change in Auditors of the company.
  • Swelect Energy Syste - Updates

    30 May 2025, 10:50PM Swelect Energy Systems Limited has informed the Exchange regarding 'Annual General Meeting to be held on 25th July 2025'.
  • Swelect Energy Syste - Appointment

    30 May 2025, 10:48PM Swelect Energy Systems Limited has informed the Exchange regarding Appointment of Appt of M.Uma Prakash as Independent Directo of the company w.e.f.
  • Swelect Energy Syste - Amendment to AOA/MOA

    30 May 2025, 10:42PM Swelect Energy Systems Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
  • Swelect Energy Syste - Shareholder Meeting - AGM On 25Th July 2025

    30 May 2025, 10:33PM Annual General Meeting to be held on 25th July 2025
  • Swelect Energy Syste - Announcement under Regulation 30 (LODR)-Change in Management

    30 May 2025, 10:31PM Appointment of Ms. Uma Prakash as Independent Director and Reappointment of Mr. A Balan as Whole time Director
  • Swelect Energy Syste - Corporate Action - Fixation Of Record Date

    30 May 2025, 10:11PM Fixation of record date for the purpose of AGM and final Dividend
  • Swelect Energy Syste - Corporate Action - Fixation Of Book Closure

    30 May 2025, 10:09PM Fixation of book closure
  • Swelect Energy Syste - Corporate Action-Board approves Dividend

    30 May 2025, 10:06PM Recommendation of final Dividend at Rs.3 per Equity share.
  • Swelect Energy Syste - Record Date

    30 May 2025, 10:02PM Swelect Energy Systems Limited has informed the Exchange that Record date for the purpose of Dividend & Annual General Meeting is 18-Jul-2025.
  • Swelect Energy Syste - Dividend

    30 May 2025, 9:59PM Swelect Energy Systems Limited has informed the Exchange that Board of Directors at its meeting held on May 30, 2025, recommended Final Dividend of 3
  • Swelect Energy Syste - Outcome of Board Meeting

    30 May 2025, 9:57PM Swelect Energy Systems Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
  • Swelect Energy Syste - Outcome of Board Meeting

    30 May 2025, 9:53PM Swelect Energy Systems Limited has informed the Exchange regarding Board meeting held on May 30, 2025.
  • Swelect Energy Syste - Results-Financial Results For 31.03.2025

    30 May 2025, 9:41PM Financial Results for the year ended 31.03.2025
  • Swelect Energy Syste posts Q4 net loss of Rs 0.41 cr

    30 May 2025, 9:21PM The company reported standalone net loss during the quarter stood at Rs 0.41 crore compared to net profit of Rs 22.37 crore in the previous year quart
  • Swelect Energy Syste - Board Meeting Outcome for Outcome Of The Board Meeting

    30 May 2025, 9:20PM Outcome of the Board Meeting
  • Swelect Energy Syste - Resignation of Statutory Auditor

    28 May 2025, 8:58PM SWELECT ENERGY SYSTEMS LIMITED has informed the Exchange about Resignation of Statutory Auditor
  • Swelect Energy Syste - General Updates

    28 May 2025, 7:33PM Swelect Energy Systems Limited has informed the Exchange about the resignation of statutory auditor of its material stepdown wholly owned subsidiary c
  • Swelect Energy Syste - Announcement Under Regulation 30- Resignation Of Statutory Auditor In Material Stepdown Wholly Owned S

    28 May 2025, 7:19PM Resignation of Statutory Auditor in material stepdown wholly owned subsidiary Company
  • Swelect Energy Syste - Board Meeting Intimation

    24 May 2025, 1:51PM SWELECT ENERGY SYSTEMS LIMITED has informed the Exchange about Board Meeting to be held on 30-May-2025 to consider and approve the Yearly Audited Fina
  • Swelect Energy Syste - Board Meeting Intimation for Considering And Approving The Audited Standalone And Consolidated Financi

    24 May 2025, 12:45PM Swelect Energy Systems Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2025 ,inter alia, to consi
  • Swelect Energy Syste - Disclosure under SEBI Takeover Regulations

    19 May 2025, 11:30PM ?SWELECT Electronics Private Limited?has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of
  • Swelect Energy Syste has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    19 Apr 2025, 7:40PM As of March 2025, 56.36% is owned by Indian Promoters and 43.63% by Public. <p align=justify> Top five Promoters holding highest number of shares of S
  • Swelect Energy Syste - Reply to Clarification- Financial results

    15 Apr 2025, 4:29PM The Exchange had sought clarification from Swelect Energy Systems Limited for the quarter ended 31-Dec-2024 with respect to Regulation 33 of the SEBI
  • Swelect Energy Syste - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    11 Apr 2025, 6:01PM Swelect Energy Systems Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
  • Swelect Energy Syste - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    11 Apr 2025, 5:57PM Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations , 2018
  • Swelect Energy Syste - Updates

    1 Apr 2025, 6:47PM Swelect Energy Systems Limited has informed the Exchange regarding 'Capacity addition in Wind Energy Generator of SWELECT Energy Systems Limited and
  • Swelect Energy Syste - Announcement Under Regulation 30 Of SEBI LODR

    1 Apr 2025, 6:32PM Capacity addition in Wind Energy Generator of SWELECT energy Systems Limited and commissioning of 3MW Solar power Plant by SWELECT Clean Energy Privat
  • Swelect Energy Syste - Trading Window-XBRL

    27 Mar 2025, 6:31PM SWELECT ENERGY SYSTEMS LIMITED has informed the Exchange about Closure of Trading Window
  • Swelect Energy Syste - Trading Window

    27 Mar 2025, 6:27PM Swelect Energy Systems Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regula
  • Swelect Energy Syste - General Updates

    22 Mar 2025, 5:36PM Swelect Energy Systems Limited has informed the Exchange about General Updates
  • Swelect Energy Syste - General Updates

    22 Mar 2025, 5:31PM Swelect Energy Systems Limited has informed the Exchange about General Updates
  • Swelect Energy Syste - Announcement under Regulation 30 (LODR)-Acquisition

    22 Mar 2025, 5:10PM Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
  • Swelect Energy Syste - Updates

    12 Mar 2025, 7:41PM Swelect Energy Systems Limited has informed the Exchange regarding 'Media release titled SWELECT Secures over 150 MW of Solar Module and Raises &#837
  • Swelect Energy Syste - Media Release Titled 'SWELECT Secures Over 150 MW Of Solar Module And Raises ?290 Crores To Power Expa

    12 Mar 2025, 7:31PM Please find attached a media release titled \ SWELECT secures over 150 MW of solar module and raises Rs 290 crores to power expansion.
  • SWELECT Energy secures 150 MW solar module orders.

    13 Mar 2025 , 10:36AM SWELECT secures over 150 MW of solar module and raises Rs 290 crores to power expansion.

Key fundamentals

Evaluate the intrinsic value of Swelect Energy Systems Ltd stock 

Name March-25 March-24 March-23 March-22 March-21
Assets 1097.9887 1134.8561 1100.2213 999.3192 944.0973
Liabilities 1097.9887 1134.8561 1100.2213 999.3192 944.0973
Equity 15.1588 15.1588 15.1588 15.1588 15.1587
Gross Profit 33.0634 36.8248 40.1138 40.7486 26.4002
Net Profit 8.5766 51.3005 9.3442 33.7907 24.3115
Cash From Operating Activities 30.8128 -30.237 9.2753 85.7934 -20.8452
NPM(%) 1.98 20.82 4.08 11.82 13.17
Revenue 431.3411 246.366 228.9146 285.7286 184.5322
Expenses 398.2777 209.5412 188.8008 244.98 158.132
ROE(%) 1 5.99 1.09 3.95 2.84

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
3 30 0 561
22 Jul 2024 3 30 0 1226.05
20 Jul 2022 3 30 0 326.6
16 Jul 2021 3 30 0 237.55
01 Sep 2020 0.75 7.5 0 112.05
27 Feb 2020 1.25 12.5 0 125.9
01 Aug 2019 2.5 25 0 239.1
01 Aug 2018 4 40 0 362.85
03 Aug 2017 4 40 0 500.9
20 Jul 2016 1 10 0 409.35
22 Mar 2016 3 30 0 400.2
22 Jul 2015 2.5 25 0 528.7
25 Jun 2014 9 90 0 364.65
18 Jul 2013 8 80 0 145.4
17 Jul 2012 120 1200 0 279.4
17 Jul 2012 3 30 0 259.5
02 Aug 2011 3 30 0 229.95
03 Aug 2010 3 30 0 329.4
17 Aug 2009 5 50 0 389.05
08 Aug 2008 5 50 0 570.55
31 Jul 2007 4.5 45 0 458.8
04 Jul 2006 4 40 0 368.75

Peers

Other companies within the same industry or sector that are comparable to Swelect Energy Systems Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Alpex Solar Ltd 981.00 -2.76 0.00 1491.16 341.10 0.00
Lakshya Powertech Ltd 163.90 1.58 9.28 445.47 156.70 0.00
Rex Pipes and Cables Industries Ltd 119.55 4.96 22.06 575.79 54.22 0.00
Exicom Tele-Systems Ltd 184.80 0.16 0.00 7361.84 -90.98 0.00

Company Info

Numeric Power Systems Limited has been incorporated as a Public Limited Company on 12th September, 1994 and obtained the Certificate of Commencement of Business on 21st September, 1994. It has its Registered & Corporate Office at 63, Cathedral Road, Madras. The company has been promoted for corporate conversion of the existing non-corporate concerns of the NUMERIC group namely M/s. Numeric Controls & Systems and M/s. Hi-Power Corporatio, both the entities having consistent track record, business connections and technical expertise. The company has continued to carry on the operations previously carried on by the non-corporate concerns, with the confirmed orders and standing contracts on hand. Since the conversion into a corporate entity, the operations in the non-corporate entitles have been totally stopped, having been carried on by the company, and the process of dissolution is awaited for completion of residual operations. The company has been established as the flagship of the group, for manufacture of UPS systems, with all the existing group concerns/companies made as the ancillary units/contract manufacturing units to service the company. The group is having the credit of designing specialised circuits for UPS Systems and power conditioners and of having been made the largest number of installations in the country. The company has 8 regional, offices under its fold to market its product and a servicing network of 39 service centres manned by qualified technicians. The company is additionally supported on the technical front by Technical collaboration with M/s High Performance Drives Inc., USA for manufacture of high frequency MOSFET based UPS Systems and power conditioners. The company has been awarded the following ranks by SOFTDISK (Corporate Magazine of the ACP) in the Power Electronic Industry analysis carried out by them. (Source: SOFTDISK Volume: V - 001, Feb-Mar '96). Category Rank UPS Manufacturer of the year 1 Power Electronic Company of the Year 2 Power Electronic Equipment manufacturer of the year 1 The company has been ranked 85th on an All India basis in the Information Technology industry which besides UPS segment, includes Software, Hardware and Computer Peripheral segments. [Source: DATAQUEST (August 16-31, 1995)]. The company has been appointed as the authorised dealer for internationally renowned Merlin Gerin UPS systems of GROUPE SCHNEIDER, France for installation in specific projects and has been agreed to be provided with technical expertise and training in their brand of UPS systems. The company has also been appointed as a dealer by INFORMATION SYSTEMS PTE. LTD, SINGAPORE for sale of Information Technology Products. The company has already established two manufacturing units at Sedarapet, Pondichery, one being a large scale automated plant and has established a Modernised automated CNC fabrication unit at Semmanchery Village, Madras. The history of the company could be understood by observing the track record and operations of the non-corporate entities which are detailed below. Numeric Controls and Systems A manufacturing unit in operation since 1987, NCS has been one of the main production centres of NUMERIC, with a strong technical team and its expertise to handle all levels of technology for manufacture of UPS Systems. NCS was producing UPS systems based on Linear Technology - the first design to be developed by Numeric, which has continued to provide consistent performance over a decade. The unit had developed all detailed drawings and component structure for various ranges and designs of UPS Systems and was instrumental in standardising the structure and layout for a range of such systems, with a view to build the foundation for a large scale expansion which is being implemented in this project. NCS was a partnership concern with Mr. G. Ramasubramaniam, one of the promoter of the company, Mr. S.R. Mani and M/s. Numeric Engineers (a proprietary concern represented by Mr. R. Chellappan) as partners. The details of M/s. Numeric Engineers, the partner of NCS is given below. Numeric Engineers M/s. Numeric Engineers, represented by Mr. R.Chellappan, was inducted as one of the Partners of M/s.Numeric Controls and Systems, as on 30.11.1994. The inclusion of the concern as partner was carried out by take over of net current assets, infrastructure, pending orders etc, without any revaluation or business fee. M/s. Numeric Engineers was the main unit of the NUMERIC GROUP, engaged in the production of UPS systems for 8 years upto 1992 with exclusive technology developed in-house. In 1992, the concern shifted its manufacturing activities and technologies to its group concerns and focused its attention on marketing, installation and maintenance of NUMERIC brand UPS system manufactured by group concerns. This was done with the specific objective of giving a focused attention to the customers from a single organisation, which could represent the group concerns providing a wide range of UPS systems & other products. To strengthen its marketing & servicing activities, the concern established several Regional offices and service centres spread all over the country. The consolidated financial performance of Numeric Controls and Systems & Numeric Engineers for the previous years are given below. Hi-Power Corporation Hi-Power Corporation was promoted as a partnership firm in 1989, for the purpose of distribution of batteries used in UPS systems, in which Mr. R. Chellappan and Mr. G. Ramasubramanian were partners at the time of corporate conversion. HPC sourced and supplied batteries to the manufacturing units of the group. It was also engaged in the maintenance and service of the same. HPC had regular trade arrangements with almost all the leading UPS manufacturers in the country. The firm had turned out to be one of the largest suppliers of HITACHI brand maintenance free batteries from Japan, upon a trade arrangement with Shin Kobe Electric Co Ltd., Japan. Batteries act as standby source of power with UPS systems. The synergy of operations has led to the merger of the firm's operations with that of the corporate forum newly formed. The above non-corporate entities, had their own distinct activities which are related to each other, and have now been consolidated into a single corporate entity, to capitalise on available potential and reap the benefits of economies of scale with all other related advantages. The company has met out the consideration of Rs. 102 lakhs, representing the gross identified current assets less current liabilities of the non-corporate entities, by issuing 9,45,000 equity shares at par aggregating Rs.94.50 Lakhs and treating the balance of Rs. 67.50 lakhs as Unsecured loans. No revaluation has been effected in the process. The non-corporate entities have not procured any land or building, and none of the fixed assets have been valued on conversion, though the full right of enjoyment of all the items of assets have been passed on to the company. Prior to the conversion of the non-corporate entities, the company had no assets of its own and had no business of its own. All the Partners of the firms are directors of the Company, except Shri S.R. Mani, partner of M/s. Numeric Controls and Systems who has opted out of the Board but continues to be involved as a regular executive of the company, in the cadre of Executive Director. The Agreement for corporate conversion provides for transfer of the entire business of the non-corporate entities to the company, with full benefits of all pending orders and existing business connections, supported by all infrastructural facilities and transfer of trained manpower. The agreement also provides for carrying on the entire business of the entities by the company with full rights to use such phrases as "Previously Numeric Controls & Systems" etc., to indicate that the business has been previously been carried on by the said non-corporate concern and that the same is being carried on by this company in succession. SUBSIDIARY COMPANIES The company has no subsidiaries. 2006 -Numeric joins hand with Socomec to mkt UPS units 2007 -Numeric Power Systems Limited has informed vide its letter dated November 19, 2007 that: Mr. S. Krishnamurthy has been appointed as Company Secretary and Compliance Officer of the Company with effect from November 01, 2007. 2008 -Numeric Power Systems Ltd has appointed Mr. R Venkataraghavan as an Additional Director (Independent Director) of the Company. 2009 -Swelect Energy Systems has given the Bonus in the Ratio of 1:1 2010 - The Company has entered into a Memorandum of Understanding, with the majority stakeholders of M/s. Amex Alloys Pvt. Ltd., Coimbatore for acquisition of Equity Shares upto 92% and to take over the Management Control of M/s. Amex Alloys Pvt. Ltd. 2011 - The Company has acquired 100% stake in M/s. Amex Irons Pvt. Ltd. situated in Coimbatore. 2012 - Numeric Power is now Swelect Energy. - Swelect Energy buys 49% stake in HHV Solar. - Interim dividend of Rs. 120/- (Rupees One Hundred Twenty Only) per equity share. -Company has changed its name from Numeric Power Systems Ltd. to Swelect Energy Systems Ltd. 2013 -Swelect Energy acquired stake in HHV Solar for around Rs 22 crore. -Company also acquired 8% Equity Shares in Amex Alloys Private Limited. 2014 -Swelect Energy buys 51% stake in HHV Solar. 2015 -Commissioning of 10 MW SPV Solar Power Park near Musiri Taluk, Trichy 2016 -Swelect Energy Systems bags 10 MW Solar Power project. 2018 -SWELECT is proud to introduce SOURCE to the Indian market to provide drinking water for every Person in every place across the country. 2019 The Company has issued Bonus Shares in the Ratio of 1:2. 2022 -Swelect Energy Systems 'Commissioned 4 MW Solar Power Plant by SWELECT RE Power Private Limited (subsidiary company) on 28.12.2022.'. - Commissioning 11 MWac Solar Power Plant by SWELECT Renewable Energy Private Limited. 2023 -Commissioning 7 MW Solar Power Plant by SWELECT Taiyo Energy Private Limited. 2024 -Commissioning 7 MW Solar Power Plant by SWELECT Clean Energy Private Limited.

Numeric Power Systems Limited has been incorporated as a Public Limited Company on 12th September, 1994 and obtained the Certificate of Commencement of Business on 21st September, 1994. It has its Registered & Corporate Office at 63, Cathedral Road, Madras. The company has been promoted for corporate conversion of the existing non-corporate concerns of the NUMERIC group namely M/s. Numeric Controls & Systems and M/s. Hi-Power Corporatio, both the entities having consistent track record, business connections and technical expertise. The company has continued to carry on the operations previously carried on by the non-corporate concerns, with the confirmed orders and standing contracts on hand. Since the conversion into a corporate entity, the operations in the non-corporate entitles have been totally stopped, having been carried on by the company, and the process of dissolution is awaited for completion of residual operations. The company has been established as the flagship of the group, for manufacture of UPS systems, with all the existing group concerns/companies made as the ancillary units/contract manufacturing units to service the company. The group is having the credit of designing specialised circuits for UPS Systems and power conditioners and of having been made the largest number of installations in the country. The company has 8 regional, offices under its fold to market its product and a servicing network of 39 service centres manned by qualified technicians. The company is additionally supported on the technical front by Technical collaboration with M/s High Performance Drives Inc., USA for manufacture of high frequency MOSFET based UPS Systems and power conditioners. The company has been awarded the following ranks by SOFTDISK (Corporate Magazine of the ACP) in the Power Electronic Industry analysis carried out by them. (Source: SOFTDISK Volume: V - 001, Feb-Mar '96). Category Rank UPS Manufacturer of the year 1 Power Electronic Company of the Year 2 Power Electronic Equipment manufacturer of the year 1 The company has been ranked 85th on an All India basis in the Information Technology industry which besides UPS segment, includes Software, Hardware and Computer Peripheral segments. [Source: DATAQUEST (August 16-31, 1995)]. The company has been appointed as the authorised dealer for internationally renowned Merlin Gerin UPS systems of GROUPE SCHNEIDER, France for installation in specific projects and has been agreed to be provided with technical expertise and training in their brand of UPS systems. The company has also been appointed as a dealer by INFORMATION SYSTEMS PTE. LTD, SINGAPORE for sale of Information Technology Products. The company has already established two manufacturing units at Sedarapet, Pondichery, one being a large scale automated plant and has established a Modernised automated CNC fabrication unit at Semmanchery Village, Madras. The history of the company could be understood by observing the track record and operations of the non-corporate entities which are detailed below. Numeric Controls and Systems A manufacturing unit in operation since 1987, NCS has been one of the main production centres of NUMERIC, with a strong technical team and its expertise to handle all levels of technology for manufacture of UPS Systems. NCS was producing UPS systems based on Linear Technology - the first design to be developed by Numeric, which has continued to provide consistent performance over a decade. The unit had developed all detailed drawings and component structure for various ranges and designs of UPS Systems and was instrumental in standardising the structure and layout for a range of such systems, with a view to build the foundation for a large scale expansion which is being implemented in this project. NCS was a partnership concern with Mr. G. Ramasubramaniam, one of the promoter of the company, Mr. S.R. Mani and M/s. Numeric Engineers (a proprietary concern represented by Mr. R. Chellappan) as partners. The details of M/s. Numeric Engineers, the partner of NCS is given below. Numeric Engineers M/s. Numeric Engineers, represented by Mr. R.Chellappan, was inducted as one of the Partners of M/s.Numeric Controls and Systems, as on 30.11.1994. The inclusion of the concern as partner was carried out by take over of net current assets, infrastructure, pending orders etc, without any revaluation or business fee. M/s. Numeric Engineers was the main unit of the NUMERIC GROUP, engaged in the production of UPS systems for 8 years upto 1992 with exclusive technology developed in-house. In 1992, the concern shifted its manufacturing activities and technologies to its group concerns and focused its attention on marketing, installation and maintenance of NUMERIC brand UPS system manufactured by group concerns. This was done with the specific objective of giving a focused attention to the customers from a single organisation, which could represent the group concerns providing a wide range of UPS systems & other products. To strengthen its marketing & servicing activities, the concern established several Regional offices and service centres spread all over the country. The consolidated financial performance of Numeric Controls and Systems & Numeric Engineers for the previous years are given below. Hi-Power Corporation Hi-Power Corporation was promoted as a partnership firm in 1989, for the purpose of distribution of batteries used in UPS systems, in which Mr. R. Chellappan and Mr. G. Ramasubramanian were partners at the time of corporate conversion. HPC sourced and supplied batteries to the manufacturing units of the group. It was also engaged in the maintenance and service of the same. HPC had regular trade arrangements with almost all the leading UPS manufacturers in the country. The firm had turned out to be one of the largest suppliers of HITACHI brand maintenance free batteries from Japan, upon a trade arrangement with Shin Kobe Electric Co Ltd., Japan. Batteries act as standby source of power with UPS systems. The synergy of operations has led to the merger of the firm's operations with that of the corporate forum newly formed. The above non-corporate entities, had their own distinct activities which are related to each other, and have now been consolidated into a single corporate entity, to capitalise on available potential and reap the benefits of economies of scale with all other related advantages. The company has met out the consideration of Rs. 102 lakhs, representing the gross identified current assets less current liabilities of the non-corporate entities, by issuing 9,45,000 equity shares at par aggregating Rs.94.50 Lakhs and treating the balance of Rs. 67.50 lakhs as Unsecured loans. No revaluation has been effected in the process. The non-corporate entities have not procured any land or building, and none of the fixed assets have been valued on conversion, though the full right of enjoyment of all the items of assets have been passed on to the company. Prior to the conversion of the non-corporate entities, the company had no assets of its own and had no business of its own. All the Partners of the firms are directors of the Company, except Shri S.R. Mani, partner of M/s. Numeric Controls and Systems who has opted out of the Board but continues to be involved as a regular executive of the company, in the cadre of Executive Director. The Agreement for corporate conversion provides for transfer of the entire business of the non-corporate entities to the company, with full benefits of all pending orders and existing business connections, supported by all infrastructural facilities and transfer of trained manpower. The agreement also provides for carrying on the entire business of the entities by the company with full rights to use such phrases as "Previously Numeric Controls & Systems" etc., to indicate that the business has been previously been carried on by the said non-corporate concern and that the same is being carried on by this company in succession. SUBSIDIARY COMPANIES The company has no subsidiaries. 2006 -Numeric joins hand with Socomec to mkt UPS units 2007 -Numeric Power Systems Limited has informed vide its letter dated November 19, 2007 that: Mr. S. Krishnamurthy has been appointed as Company Secretary and Compliance Officer of the Company with effect from November 01, 2007. 2008 -Numeric Power Systems Ltd has appointed Mr. R Venkataraghavan as an Additional Director (Independent Director) of the Company. 2009 -Swelect Energy Systems has given the Bonus in the Ratio of 1:1 2010 - The Company has entered into a Memorandum of Understanding, with the majority stakeholders of M/s. Amex Alloys Pvt. Ltd., Coimbatore for acquisition of Equity Shares upto 92% and to take over the Management Control of M/s. Amex Alloys Pvt. Ltd. 2011 - The Company has acquired 100% stake in M/s. Amex Irons Pvt. Ltd. situated in Coimbatore. 2012 - Numeric Power is now Swelect Energy. - Swelect Energy buys 49% stake in HHV Solar. - Interim dividend of Rs. 120/- (Rupees One Hundred Twenty Only) per equity share. -Company has changed its name from Numeric Power Systems Ltd. to Swelect Energy Systems Ltd. 2013 -Swelect Energy acquired stake in HHV Solar for around Rs 22 crore. -Company also acquired 8% Equity Shares in Amex Alloys Private Limited. 2014 -Swelect Energy buys 51% stake in HHV Solar. 2015 -Commissioning of 10 MW SPV Solar Power Park near Musiri Taluk, Trichy 2016 -Swelect Energy Systems bags 10 MW Solar Power project. 2018 -SWELECT is proud to introduce SOURCE to the Indian market to provide drinking water for every Person in every place across the country. 2019 The Company has issued Bonus Shares in the Ratio of 1:2. 2022 -Swelect Energy Systems 'Commissioned 4 MW Solar Power Plant by SWELECT RE Power Private Limited (subsidiary company) on 28.12.2022.'. - Commissioning 11 MWac Solar Power Plant by SWELECT Renewable Energy Private Limited. 2023 -Commissioning 7 MW Solar Power Plant by SWELECT Taiyo Energy Private Limited. 2024 -Commissioning 7 MW Solar Power Plant by SWELECT Clean Energy Private Limited.

Read More

Parent Organisation

Swelect Energy Systems Ltd.

Founded

12/09/1994

Managing Director

Mr.R Chellappan

NSE Symbol

SWELECTESBE

FAQ

The current price of Swelect Energy Systems Ltd is ₹ 600.10.

The 52-week high for Swelect Energy Systems Ltd is ₹ 600.10 and the 52-week low is ₹ 595.00.

The market capitalization of Swelect Energy Systems Ltd is currently ₹ 909.68. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Swelect Energy Systems Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Swelect Energy Systems Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Swelect Energy Systems Ltd shares.

The CEO of Swelect Energy Systems Ltd is Mr.R Chellappan, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

OPEN FREE* DEMAT ACCOUNT