Company Background –
History –
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. From 2012 onwards the company is known as Swelect Energy Systems Limited.
Business & Collaboration –
The company manufactures UPS systems and have the largest number of installations in the country. The company has technical collaboration with M/s High-Performance Drives Inc., USA for the manufacture of high-frequency MOSFET based UPS systems and power conditioners. The company has been appointed as the authorized dealer by Groupe Schneider, France and Information Systems Pte. Ltd., Singapore for their products UPS and IT products respectively.
In 2001-02 the company had launched new products in the line Interactive range namely DIGITAL 500 which was well received in the market.
During 2002-03, the company has signed an agreement with the Board of Investment of SriLanka(BOI) and established company’s new manufacturing plant for export of UPS systems and utilize the benefits of Indo SriLanka Free Trade Agreement(ISFTA). Incorporated as a Private Limited company (Numeric Lanka Technologies Private Ltd), a wholly owned subsidiary of Numeric Power, has already commenced its operations from Colombo, SriLanka.
The company has retained its top spot in UPS & Power Electronics Manufacturing for the 9th consecutive year from 1995 on All India ratings. The newly launched range of intelligent UPS systems has certainly generated a good momentum in the IT and Banking sector.
Manufacturing Units –
The company has two manufacturing units are located at Sedarapet (Pondicherry) and Semmanchery Village (Chennai).
Listed On –
The company’s shares are listed for trading on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) in India.
Stock Information –
Share Holding Pattern –
Financials – Swelect Energy Systems Limited
Conclusion –
Considering the techno-funda analysis and sector outlook; Swelect Energy Systems Limited looks good at Rs 471. FinBlab recommends investing in a stock keeping a long-term view in mind.
Check it out what one of the well-known stock market experts has said about Swelect Energy Systems Limited
Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.