Swelect Energy Systems Limited (SWELECTES.BO)
Swelect Energy Systems Limited operates in the Solar industry of the Energy sector, headquartered in Chennai, TN, IN. The stock last traded at $681.95, down 1.04% on the session, giving a market capitalisation of $10.35B. Its beta of 0.72 implies it has historically moved less than the broad market.
Headquartered in Chennai, India, Swelect Energy Systems Limited, established in 1994, is a diversified enterprise with a global reach across India, Europe, and other international markets. The company, which was rebranded from Numeric Power Systems Limited in May 2012, primarily focuses on the production and distribution of solar energy solutions. Its extensive product line features various types of solar photovoltaic modules—including mono-crystalline, multi-crystalline, and building-integrated variants—alongside solar inverters, water pumps, and panels. Additionally, Swelect manufactures crucial components like mounting structures and transformers. The firm's operations are segmented into Solar and Related Activities, a Foundry Business, and a general "Others" category. Within its Foundry division, Swelect specializes in iron, steel, and investment casting. The company also offers a comprehensive suite of services, encompassing stabilizer provision, energy conservation audits, design and retrofitting of sustainable buildings, LED lighting system installations, site feasibility analyses, execution of engineering, procurement, and construction (EPC) contracts, and ongoing operation and maintenance support. Furthermore, Swelect is involved in both solar and wind power generation and provides contract manufacturing services.
Swelect Energy Systems Limited is most often compared with the following Energy names: