Swelect energy systems - some information from its Annual report.
● New 500 MW production capacity of solar PV module manufacturing plant at Coimbatore…
Trial production started in February 2023
Topline was lackluster from 2015 ( 222 Cr.) to 2021 ( 253 Cr. )
However in 2022, there was a big jump of about 40% - 354 Cr.
- In my view this new production plant could be a game changer in sustaining its topline growth…
Net CFO ( Consolidated )
Fy 22 = 97 Cr.
fy23 = 131.46 Cr.
Current Mcap: 675 Cr.
Company stopped it’s production of it’s plant in Bangluru ( 110 MW ) in 2022 - due to “unavailability of specific types of Solar cells”
The plant was operational since 2014.
Side effects & risk of change in technology 
Its subsidiary - Amex Alloy pvt. ltd.
Three division - Alloys, Iron Foundry Investmenr casting
“India’s first foundry group offering all the above under one roof & one stop shop solution”
80 Cr. Revenue in export from this subsidiary…
Consolidated Financial instruments by catagory.
Debt - 541 Cr.
Investments - 280 Cr.
Deposits & cash balance - 250 Cr.
Also on technical charts, stock price is consolidating since last 15 years, finding resistsnce at around 450 levels. Currently at the resistance level.
Disc: I have invested in this stock this year. About 2% of portfolio. Do your research well before any investment.
I am just sharing my views for study on this forum.
Note: There was another thread on this company on VPFORUM, however, I found that it was closed long ago and there was no option of reply on that thread, so I have created a new one.
1 post - 1 participant
