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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
₹303.60 -2.55 (-0.83%)
As on 21-Aug'26 16:59
Swan Corp Ltd (SWANCORP)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 503310 NSE: SWANCORP Textile | Small Cap | Swan Corp Share Price
₹303.60 -2.55 (-0.83%)
As on 21-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹9,517 Cr.
Current Price
₹303.6
52-Week Low / High
₹295 / 506
TTM EPS
₹0.7
TTM Sales
₹221 Cr.
Book Value per Share
₹146.6
P/E Ratio
466.27
Industry PE
35.6
Price to Book (P/B)
2.07
Lower than its 5-year historical median
Price to Sales (P/S)
43.05
In line with its 5-year historical median
EV/EBITDA
291.14
Lower than its 5-year historical median
Dividend Yield
0.05%
Profitability Efficiency
Return on Equity (ROE)
0.60%
Underperforms industry median
Return on Capital Employed (ROCE)
0.71%
Underperforms industry median
Return on Assets (ROA)
0.55%
Operating Profit Margin
-11.8%
Net Profit Margin
12.78%
Gross Profit Margin
19.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
59.46%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
204.97%
Asset Quality
Promoter Holding
53.96%
Pledged shares (%) of Promoter's holding (%)
39.55%
Reserves
₹4,563 Cr.
Equity
₹31.4 Cr.
Face Value
₹1
All Time Low / High
₹0.56 / 809.70
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Semi Strong
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?
Revenue growth of Swan Corp Ltd vs industry peers?
Swan Corp Ltd revenue CAGR is -3.08%, compared to the industry median CAGR of 0.02%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Swan Corp Ltd?
Promoters hold 53.96% of the Swan Corp Ltd, with 39.55% of their stake pledged, indicating high pledge risk.
Stock return of Swan Corp Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.2% | 13.1% | 4.8% | 1.3% | 1.3% | 1.7% | 1.5% | 0.5% | 0.3% | 0.7% | - |
| Value Creation Index ⓘ | -0.8 | -0.1 | -0.7 | -0.9 | -0.9 | -0.9 | -0.9 | -1.0 | -1.0 | -1.0 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 331 | 316 | 860 | 307 | 253 | 409 | 547 | 386 | 135 | 216 | 221 |
| Sales YoY Gr. | - | -4.4% | 171.8% | -64.3% | -17.7% | 61.8% | 33.9% | -29.5% | -64.9% | 59.5% | - |
| Adj EPS ⓘ | 0.1 | 0.4 | 0.1 | 0.2 | 0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.2 | 0.7 |
| YoY Gr. | - | 437.5% | -76.7% | 70% | -76.5% | 200% | 16.7% | -50% | 300% | -46.4% | - |
| BVPS (₹) ⓘ | 20 | 39.4 | 39.4 | 39.4 | 39.3 | 48.5 | 48.6 | 145.7 | 145.8 | 146.6 | 146.6 |
| Adj Net Profit ⓘ | 1.7 | 10.6 | 2.4 | 4.1 | 0.9 | 3.3 | 3.6 | 2.2 | 8.9 | 4.9 | 20 |
| Cash Flow from Ops. ⓘ | 43.1 | -9 | 74.4 | 52.5 | 26.3 | 10.4 | -5.7 | -11.6 | -17.4 | -2.2 | - |
| Debt/CF from Ops. ⓘ | 4.3 | -18.2 | 2.3 | 5.7 | 12 | 10.5 | -49.2 | -33 | -21.5 | -169.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -4.6% | -3.1% | -26.6% | 59.5% | ||||
| Adj EPS ⓘ | 7.2% | 30.3% | 2.3% | -46.4% | ||||
| BVPSⓘ | 24.8% | 30.1% | 44.5% | 0.5% | ||||
| Share Price | 16.9% | 19% | 2.5% | -36.2% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.4 | 1.5 | 0.3 | 0.4 | 0.1 | 0.3 | 0.3 | 0.1 | 0.2 | 0.1 | 0.4 |
| Op. Profit Mgn % ⓘ | 5.7 | 1.3 | 5.2 | 5.5 | 8.4 | 6.8 | 5.1 | 3.8 | -8.3 | -11.9 | -10.7 |
| Net Profit Mgn % ⓘ | 0.5 | 3.4 | 0.3 | 1.4 | 0.4 | 0.8 | 0.7 | 0.6 | 6.6 | 2.2 | 9.2 |
| Debt to Equity ⓘ | 0.4 | 0.2 | 0.2 | 0.3 | 0.3 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | - |
| Working Cap Days ⓘ | 1,106 | 1,417 | 444 | 662 | 436 | 283 | 295 | 379 | 1,362 | 1,335 | 985 |
| Cash Conv. Cycle ⓘ | 651 | 684 | 148 | 101 | 99 | 64 | 66 | 123 | 421 | 271 | 628 |
Valuation of Swan Corp - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 18.40 | 18.40 | 18.40 | 14.48 | 8.27 | 8.27 | 8.27 | 8.27 | 36.89 | 39.55 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 331 | 316 | 860 | 307 | 253 | 409 | 547 | 386 | 135 | 216 |
| Operating Expenses ⓘ + | 312 | 312 | 815 | 290 | 232 | 381 | 519 | 371 | 147 | 242 |
| Operating Profit ⓘ | 19 | 4 | 45 | 17 | 21 | 27 | 28 | 15 | -11 | -26 |
| Operating Profit Margin (%) | 5.7% | 1.3% | 5.2% | 5.5% | 8.2% | 6.7% | 5.1% | 3.8% | -8.3% | -11.9% |
| Other Income ⓘ + | 6 | 116 | 14 | 4 | 1 | 1 | 3 | 9 | 34 | 68 |
| Interest ⓘ | 15 | 23 | 18 | 11 | 14 | 18 | 18 | 12 | 3 | 0 |
| Depreciation ⓘ | 5 | 5 | 5 | 5 | 6 | 6 | 8 | 8 | 8 | 8 |
| Profit Before Tax ⓘ | 4 | 91 | 36 | 4 | 2 | 5 | 5 | 3 | 12 | 35 |
| Tax ⓘ | 2 | 19 | 33 | -0 | 2 | 2 | 1 | 1 | 3 | 7 |
| Profit After Tax | 2 | 73 | 2 | 4 | 1 | 3 | 4 | 2 | 9 | 28 |
| PAT Margin (%) | 0.5% | 23.0% | 0.3% | 1.4% | 0.3% | 0.8% | 0.7% | 0.6% | 6.7% | 12.8% |
| Adjusted EPS (₹) | 0.1 | 3.0 | 0.1 | 0.2 | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.9 |
| Dividend Payout Ratio (%) | 98.80% | 3.40% | 104.40% | 59.10% | 331.10% | 83.10% | 72.60% | 144.30% | 34.60% | 17% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 441 | 962 | 961 | 962 | 961 | 1,280 | 1,281 | 4,568 | 4,570 | 4,594 | |
| Debt + | 186 | 164 | 80 | 299 | 314 | 96 | 271 | 373 | 373 | 372 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 76 | 49 | 39 | 56 | 32 | 205 | 185 | 53 | 45 | 49 | |
| Others Liabilities ⓘ | 485 | 487 | 102 | 12 | 15 | 26 | 17 | 20 | 8 | 7 | |
| Total Liabilities ⓘ | 1,188 | 1,662 | 1,182 | 1,329 | 1,322 | 1,607 | 1,755 | 5,014 | 4,996 | 5,022 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 82 | 53 | 49 | 45 | 56 | 78 | 73 | 66 | 63 | 55 | |
| CWIP ⓘ | 0 | 0 | 1 | 6 | 20 | 2 | 2 | 2 | 0 | 0 | |
| Investments ⓘ | 33 | 164 | 413 | 801 | 1,036 | 1,036 | 1,227 | 3,487 | 4,233 | 3,941 | |
| Inventories | 586 | 582 | 107 | 71 | 79 | 87 | 105 | 117 | 122 | 131 | |
| Trade Receivables | 91 | 57 | 42 | 54 | 25 | 208 | 204 | 91 | 85 | 70 | |
| Cash Equivalents | 26 | 11 | 11 | 23 | 15 | 10 | 10 | 1,068 | 55 | 69 | |
| Others Assets ⓘ | 369 | 795 | 557 | 329 | 92 | 185 | 135 | 183 | 438 | 756 | |
| Total Assets ⓘ | 1,188 | 1,662 | 1,182 | 1,329 | 1,322 | 1,607 | 1,755 | 5,014 | 4,996 | 5,022 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 43 | -9 | 74 | 53 | 26 | 10 | -6 | -12 | -17 | -2 |
| Cash Flow From Investing Activity ⓘ + | -70 | -408 | -59 | -156 | -34 | -108 | -146 | -2,305 | -976 | 21 |
| Cash Flow From Financing Activity ⓘ + | 38 | 403 | -15 | 114 | -1 | 93 | 151 | 3,375 | -19 | -5 |
| Net Cash Flow ⓘ | 11 | -15 | 0 | 11 | -8 | -4 | -1 | 1,058 | -1,013 | 14 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.38 | 10.37 | 0.24 | 0.43 | 0.08 | 0.28 | 0.28 | 0.07 | 0.2 | 0.6 |
| ROCE (%) | 3.21 | 13.06 | 4.78 | 1.27 | 1.28 | 1.69 | 1.51 | 0.47 | 0.3 | 0.71 |
| Asset Turnover Ratio | 0.29 | 0.22 | 0.6 | 0.24 | 0.19 | 0.28 | 0.33 | 0.11 | 0.03 | 0.04 |
| PAT to CFO Conversion(x) | 21.5 | -0.12 | 37 | 13.25 | 26 | 3.33 | -1.5 | -6 | -1.89 | -0.07 |
| Working Capital Days | ||||||||||
| Receivable Days | 82.60 | 85.60 | 21.10 | 57.30 | 56.90 | 103.80 | 137.20 | 139.10 | 236.10 | 130.50 |
| Inventory Days | 644.10 | 673.70 | 146.30 | 106 | 108 | 73.90 | 63.90 | 105.20 | 322.30 | 213.60 |
| Payable Days | 91.60 | 96.40 | 21.60 | 85.40 | 95.40 | 143.40 | 163.20 | 154.80 | 377.70 | 120.20 |
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Swan Corp Ltd FAQs
The current trading price of Swan Corp on 21-Aug-2026 16:59 is ₹303.6.
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 20-Aug-2026 the market cap of Swan Corp stood at ₹9,516.6 Cr
The latest P/E ratio of Swan Corp as of 20-Aug-2026 is 466.3.
The latest P/B ratio of Swan Corp as of 20-Aug-2026 is 2.07.
The 52-week high of Swan Corp is ₹506.2 and the 52-week low is ₹294.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swan Corp is ₹221 ( 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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