SWELECT ENERGY SYSTEMS LTD – some information from Annual report

Hi, Thanks for this thread!! I am interested in this company since it is starting it’s new Module PV plant which is much higher than the closed one.

Since you have done a bit of work on this company and also gone through the AGM Video, can you just on the back of the paper estimate the Capacity Utilization Levels from this new plant? And what could be the potential revenue coming out of this plant for FY24?

Also, with all segments the company has viz. Casting, EPC, IPP, and this new manufacturing, how much do you think the revenue will flow in for FY24 and a rough-margin range? I am asking this because if there is some good uptick in Profit then valuation might look cheaper and encourage us to put more time into evaluating further in detail.

Regards,
Mukul Jain