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Swan Corp Ltd (SWANCORP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 503310 NSE: SWANCORP Textile | Small Cap | Swan Corp Share Price

₹308 -3.75 (-1.20%)

As on 11-Jun'26 09:29

Swan Corp Ltd (SWANCORP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 503310 NSE: SWANCORP Textile | Small Cap | Swan Corp Share Price

₹308 -3.75 (-1.20%)

As on 11-Jun'26 09:29

Key Metrics
Valuation Multiples
Market Cap
₹9,772 Cr.
Current Price
₹308
52-Week Low / High
₹295 / 527
TTM EPS
₹0.9
TTM Sales
₹216 Cr.
Book Value per Share
₹146.6
P/E Ratio
354.10
Industry PE
35.8
Price to Book (P/B)
2.13
Lower than its 5-year historical median
Price to Sales (P/S)
45.24
Higher than its 5-year historical median
EV/EBITDA
235.76
Lower than its 5-year historical median
Dividend Yield
0.02%
Profitability Efficiency
Return on Equity (ROE)
0.20%
Underperforms industry median
Return on Capital Employed (ROCE)
0.30%
Underperforms industry median
Return on Assets (ROA)
0.18%
Operating Profit Margin
-8.3%
Net Profit Margin
6.68%
Gross Profit Margin
15.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-64.89%
Operating Profit Growth (1 Year)
-
-177.5%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
317.05%
Asset Quality
Promoter Holding
53.96%
Pledged shares (%) of Promoter's holding (%)
36.89%
Reserves
₹4,566 Cr.
Equity
₹31.4 Cr.
Face Value
₹1
All Time Low / High
₹0.56 / 809.70

Swan Corp stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Swan Corp Ltd a good quality company?
Swan Corp Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Swan Corp Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Swan Corp Ltd vs industry peers?
Swan Corp Ltd revenue CAGR is -15.09%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Swan Corp Ltd?
Promoters hold 53.96% of the Swan Corp Ltd, with 36.89% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Swan Corp Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 18.6% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Swan Corp Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 2.4%3.2%13.1%4.8%1.3%1.3%1.7%1.5%0.5%0.3%-
Value Creation
Index
-0.8-0.8-0.1-0.7-0.9-0.9-0.9-0.9-1.0-1.0-

Growth Parameters

Sales 317331316860307253409547386135216
Sales YoY Gr.-4.3%-4.4%171.8%-64.3%-17.7%61.8%33.9%-29.5%-64.9%-
Adj EPS 00.10.40.10.200.10.10.10.30.9
YoY Gr.-166.7%437.5%-76.7%70%-76.5%200%16.7%-50%300%-
BVPS (₹) 19.92039.439.439.439.348.548.6145.7145.8146.6
Adj Net
Profit
0.61.710.62.44.10.93.33.62.28.928
Cash Flow from Ops. 41.743.1-974.452.526.310.4-5.7-11.6-17.4-
Debt/CF from Ops. 3.14.3-18.22.35.71210.5-49.2-33-21.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -9%-15.1%-30.8%-64.9%
Adj EPS 28.2%10.5%32.6%300%
BVPS24.8%29.9%44.3%0%
Share Price 18% 17.5% 8.8% -33.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.10.41.50.30.40.10.30.30.10.20.6
Op. Profit
Mgn %
5.45.71.35.25.58.46.85.13.8-8.3-11.9
Net Profit
Mgn %
0.20.53.40.31.40.40.80.70.66.612.8
Debt to
Equity
0.30.40.20.20.30.30.10.20.10.10
Working Cap
Days
1,1201,1061,4174446624362832953791,362985
Cash Conv.
Cycle
663651684148101996466123421628

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales317331316860307253409547386135
Operating Expenses + 300312312815290232381519371147
Manufacturing Costs44384250684656564543
Material Costs23624923774320216730143628147
Employee Cost 9111311121011151925
Other Costs 111520109813122632
Operating Profit 17194451721272815-11
Operating Profit Margin (%) 5.4%5.7%1.3%5.2%5.5%8.2%6.7%5.1%3.8%-8.3%
Other Income + 26116144113934
Exceptional Items 0000000000
Interest 1315231811141818123
Depreciation 5555566888
Profit Before Tax 1491364255312
Tax 021933-022113
Profit After Tax 12732413429
PAT Margin (%) 0.2%0.5%23.0%0.3%1.4%0.3%0.8%0.7%0.6%6.7%
Adjusted EPS (₹)0.00.13.00.10.20.00.10.10.10.3
Dividend Payout Ratio (%)188.70%98.80%3.40%104.40%59.10%331.10%83.10%72.60%144.30%34.60%

Valuation of Swan Corp - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4404419629619629611,2801,2814,5684,570
Share Capital 22222424242426263131
Reserves 4174199379379389361,2541,2554,5374,538
Debt +1311861648029931496271373373
Long Term Debt651041040013160402
Short Term Debt6682608029831366211333371
Minority Interest0000000000
Trade Payables4976493956322051855345
Others Liabilities 46848548710212152617208
Total Liabilities 1,0871,1881,6621,1821,3291,3221,6071,7555,0144,996

Fixed Assets

Net Fixed Assets +88825349455678736663
Gross Block114114909193108136137137141
Accumulated Depreciation26313742475258647179
CWIP 00016202220
Investments 27331644138011,0361,0361,2273,4874,233
Inventories582586582107717987105117122
Trade Receivables5891574254252082049185
Cash Equivalents 15261111231510101,06855
Others Assets 31836979555732992185135183438
Total Assets 1,0871,1881,6621,1821,3291,3221,6071,7555,0144,996

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 4243-974532610-6-12-17
PBT 1491364355312
Adjustment 1716-84101319232312-20
Changes in Working Capital 2524-1641387-15-37-23-5
Tax Paid -1-00-12-3-2-23-3-4
Cash Flow From Investing Activity + -1-70-408-59-156-34-108-146-2,305-976
Capex -2-0113-1-2-16-29-2-1-5
Net Investments -1-6-126106426-0-15-47-400
Others 1-64-396-164-195-23-78-129-2,257-572
Cash Flow From Financing Activity + -4238403-15114-1931513,375-19
Net Proceeds from Shares 0045000031803,3190
Net Proceeds from Borrowing -25000000000
Interest Paid -13-15-23-18-11-14-18-18-12-3
Dividend Paid -3-1-2-2-2-2-2-3-3-3
Others -155-22512816-20517171-13
Net Cash Flow -211-15011-8-4-11,058-1,013

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.130.3810.370.240.430.080.280.280.070.2
ROCE (%)2.423.2113.064.781.271.281.691.510.470.3
Asset Turnover Ratio0.290.290.220.60.240.190.280.330.110.03
PAT to CFO Conversion(x)4221.5-0.123713.25263.33-1.5-6-1.89
Working Capital Days
Receivable Days66.6082.6085.6021.1057.3056.90103.80137.20139.10236.10
Inventory Days654.10644.10673.70146.3010610873.9063.90105.20322.30
Payable Days7491.6096.4021.6085.4095.40143.40163.20154.80377.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *21.5018.4018.4018.4014.488.278.278.278.2736.89
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Swan Corp Ltd FAQs

The current trading price of Swan Corp on 11-Jun-2026 09:29 is ₹308.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Jun-2026 the market cap of Swan Corp stood at ₹9,772 Cr

The latest P/E ratio of Swan Corp as of 10-Jun-2026 is 354.1.

The latest P/B ratio of Swan Corp as of 10-Jun-2026 is 2.13.

The 52-week high of Swan Corp is ₹527.4 and the 52-week low is ₹294.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swan Corp is ₹216 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Swan Corp Ltd is a below average quality company.

The key valuation ratios of Swan Corp Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Swan Corp Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Swan Corp Ltd

Swan Corp (formerly known as Swan Energy) is a diversified Indian conglomerate with operations in manufacturing, defence, energy, and real estate. Guided by a legacy of integrity and innovation, the company is committed to building resilient, future-ready businesses that support India's long-term development goals. The company was originally incorporated in 1909 as Swan Mills Ltd. (SML), a manufacturer and marketer of cotton and polyester textile products in India. Currently, the company is owned and managed by Dave and Merchant families who took over the Company from J.P Goenka Group in 1992. The company forayed into the booming real estate field in 2004, closely followed by its entry into the green energy sector in 2008.

Business area of the company

The company is engaged in the business of textiles, development of property and trading of petroleum and petroleum products.

Business Division

  • Textile: It strengthens the fabric of India’s textile industry through high-quality processing capabilities at its state-of-the-art, certified Fabric Processing Unit.
  • Defence: It specializes in building high-performance defence vessels & platforms that strengthen maritime security and navies.
  • Shipbuilding & Heavy Engineering: It delivers advanced solutions across new builds, ship repairs & refits, as well as heavy engineering including offshore fabrication, port infrastructure & port security as India’s largest dry dock.
  • Energy: Its energy vertical combines LNG operations, petroleum & petrochemical trading and distribution to support the world’s evolving energy needs.
  • Realty: It has been shaping skylines across Mumbai, Bengaluru, and Hyderabad, creating spaces that stand strong, adapt with time, and elevate everyday life.

Milestones

  • 1992: Originally incorporated in 1909, the textile business is established as Swan Mills Limited in 1992. The facilities included spinning, weaving and processing operations located in Sewri and Kurla in Mumbai.
  • 2004: Realty division partners with Piramal Holdings Ltd. to develop land in Mumbai.
  • 2008: Swan Mills, renamed as Swan Energy Limited, making the group’s strategic expansion into the energy sector.
  • 2009: JV-700MW Gas Based power plant with Gujarat Government.
  • 2010: FSRU Initiation, Disinvestment from gas power Plant Investment in Tier II Tier III cities
  • 2011: Textile division commissions a new state-of-the-art processing unit in Ahmedabad with a capacity of 2 million meters per month.
  • 2012: Swan LNG initiates work on an FSRU-Based LNG terminal at Jafrabad, Gujarat.
  • 2013: 'Environment clearance for the development of project 'Floating Storage and regassification Unit (FSRU)' based LNG import terminal near Pipavav, Gujarat'.
  • 2013: Development of the Project “Greenfield LNG Port Terminal with Floating Storage and regassification Unit (FSRU)' at Jafrabad, Gujarat'.
  • 2013: Swan LNG becomes wholly owned subsidiary of Swan Energy 
  • 2013: Realty division completes 2.17 lakh sq. ft. at Kurla IT park, leased to Equinox Business Park.
  • 2016: Swan Energy signed a MOU with Petronasr and Alpha Energy Ltd. 
  • 2016: Swan Energy received approval from Gujarat Maritime Board (GMB) for commencement of construction of LNG terminal in Gujarat.
  • 2016: Swan LNG begins port development for the LNG terminal in Jafrabad, Gujarat.
  • 2017: Realty division completes 2.91 lakh sq. ft. Technova Business Park in Hyderabad, leased to Google.
  • 2020: Textile division certified under the Organic Cotton Standard (OCS) & Global Organic Textile Standard (GOTS).
  • 2021: Textile division processing capacity increases from 2 million meters to 3 million meters per month.
  • 2022: Launch of Cardinal One, a luxury residential project in Bengaluru.
  • 2023: The group acquires a majority stake in Veritas (India), strengthening trading & distribution presence in petroleum and petrochemicals.
  • 2024: Swan Energy takes management control of RNEL to restore Pipavav Shipyard in Gujarat.
  • 2025: Post RNEL’s acquisition, India’s largest shipyard resumes trading on BSE/NSE as Swan Defence and Heavy Industries (SDHI).
  • 2025: The name of the company has been changed from ‘Swan Energy Limited’ to ‘Swan Corp Limited’ with effect from July 29, 2025.
  • 2026: Wins India’s first-ever chemical tanker order & one of the largest commercial shipbuilding delas for six 18,000 DWT vessels from European shipowner Rederiet Stenersen AS.

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