Swelect Energy Systems Ltd Stock Research

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Swelect Energy Systems Ltd Detail

Swelect Energy Systems Ltd is in portfolio of Anil Kumar Goel. He is one of the top investors in India. The company belongs to Renewable Energy sector.

As per the Company website it is one of the leading Solar Power Systems Company. Below are the products from this Company

  • Renewal Energy
    • Solar PV module – It is Tier-1 Solar PV Module Manufacturer by Bloomberg
    • Solar Inverter – Solar power generator, Grid Tie inverters
    • Solar water pump
    • Source Hydro Panels
  • Servo Stabilizers
  • Iron and Steel
    • Steel Casting
    • Investment Casting
    • Iron Casting

It has also received certification from the Bureau of Indian Standards (BIS) for Solar PV Modules including the high efficiency PERC modules. As of this writing as per Company website it has 9,000 installations.

It has global office in Singapore and Corporate office in Chennai. The Company has presence in most of the states in India.

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I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Swelect Energy Systems Ltd Stock Performance

Based on above graph it seems stock has reached its potential. If you closely observe the Company touched 600 mark in year 2008 giving multi bagger returns to investors of 2002 year and thereafter.

Since that time it has touched 600 mark two times once in year 2015 and second time in year 2017.But it has not crossed that price point as of now. It has declined from that point multiple times. You can treat 200 as a support level and 600 as resistance for it.

The dividend yield at current market price is excellent with more than 1%.

Swelect Energy Systems Ltd My Opinion

Swelect Energy Systems Ltd is a Renewal Energy Company. It does have Iron and Steel presence as well. It is one of the rare companies dealing with Iron, Investment and Steel casting.

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As mentioned above Company has reached saturation point in past and came up with Iron and Steel as next growth trigger along with Solar power work it mainly deals with. However I would like to see it expand more in Solar power area as this is niche space in India as of now.

Renewal Energy is demand of time and Government is also keen on pushing it. India being a tropical Company Solar power can solve some of the energy crisis country is facing.

So the sector Company operates in is good. But it would be interesting to see next set of growth from the Company. You can track it as Renewal Energy stock and see how it performs on selection parameter of yours.

In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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