Swan Corp Ltd.
•₹ 303.85-0.56%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Distribution & Development: 84.4% • Shipyard: 6.5% • Textiles: 4.7% • Property development/Others: 2.9% • Warehousing: 1.5%
PROS
- Company has delivered good sales growth of 68.6% CAGR over last 5 years
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
- Company has a consistent dividend-paying track record
CONS
- Company is loss-making at the operating / net level
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (211.6% of PBT)
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on capital employed of 10.3%
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.30x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | PAGEIND | 35400.00 | 0.00 | 39484.71 | 1.55 | 192.81 | -3.98 | 1420.45 | 7.89 | 73.60 | 20.35 |
| 2. | KPRMILL | 1122.45 | 42.05 | 38366.91 | 0.45 | 258.54 | 21.55 | 1935.52 | 14.77 | 20.16 | 19.37 |
| 3. | VTL | 594.75 | 20.30 | 17216.57 | 0.84 | 314.56 | 51.46 | 2703.08 | 13.31 | 11.31 | 18.11 |
| 4. | WELSPUNLIV | 181.25 | 61.68 | 17123.64 | 0.06 | 162.61 | 82.09 | 2795.45 | 23.66 | 15.04 | 11.53 |
| 5. | ARVIND | 518.15 | 34.04 | 14095.79 | 0.87 | 57.77 | 5.61 | 2500.96 | 24.65 | 13.98 | 9.64 |
| 6. | MANYAVAR | 542.75 | 32.73 | 13187.64 | 1.43 | 66.90 | 37.31 | 267.95 | 22.74 | 33.92 | 45.53 |
| 7. | PGIL | 2410.95 | 35.88 | 11136.31 | 0.60 | 99.23 | 51.37 | 1528.26 | 24.46 | 22.42 | 10.72 |
| 8. | SWANCORP | 302.25 | 42.38 | 9474.23 | 0.05 | -35.99 | -233.33 | 1013.75 | -16.44 | 4.50 | -0.38 |
| 9. | ICIL | 444.15 | 58.30 | 8796.58 | 0.34 | 63.22 | 67.28 | 1206.96 | 25.89 | 8.73 | 11.88 |
| 10. | GARFIBRES | 759.85 | 35.32 | 7419.81 | 1.18 | 64.60 | 21.56 | 482.37 | 31.35 | 20.98 | 18.70 |
| 11. | KUSUMGAR | 565.70 | 60.48 | 5939.36 | 0.00 | 426.47 | — | 2472.47 | — | 26.15 | 30.50 |
| 12. | GOKEX | 797.25 | 56.74 | 5842.06 | 0.00 | 44.30 | 6.81 | 1153.51 | 20.69 | 12.75 | 9.75 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 804 | 1,223 | 1,592 | 1,398 | 1,142 | 1,032 | 1,908 | 856 | 1,213 | 1,138 | 1,150 | 870 | 1,014 | |
| 567 | 966 | 1,336 | 1,280 | 761 | 912 | 2,564 | 842 | 1,186 | 1,133 | 1,125 | 1,131 | 1,083 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 4 | 7 | 63 | 9 | 20 | 31 | 1,868 | 26 | 59 | 47 | 27 | 639 | 34 |
| Interest | 57 | 58 | 58 | 53 | 53 | 66 | 45 | 23 | 22 | 21 | 18 | 20 | 34 |
| Depreciation | 27 | 27 | 27 | 34 | 28 | 28 | 61 | 31 | 30 | 30 | 31 | 32 | 31 |
| 157 | 178 | 234 | 40 | 321 | 57 | 1,107 | -16 | 33 | 0 | 4 | 326 | -35 | |
| Tax % | 7.93% | 7.18% | 5.96% | -39.88% | 16.50% | -16.95% | 49.26% | -44.78% | 19.97% | 4313.33% | 138.22% | 23.08% | -2.96% |
| Net Profit | 0 | 0 | 0 | 0 | 268 | 67 | 562 | -22 | 27 | -6 | -1 | 251 | -36 |
| 5 | 7 | 8 | 2 | 9 | 2 | 18 | -1 | 1 | -0 | -0 | 8 | -0 | |
| Equity Capital | 26 | 26 | 26 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 26 | 26 | 26 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 804
- 567
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 57
- Depreciation
- 27
- 157
- Tax %
- 7.93%
- Net Profit
- 0
- 5
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,223
- 966
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 58
- Depreciation
- 27
- 178
- Tax %
- 7.18%
- Net Profit
- 0
- 7
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,592
- 1,336
- Operating Profit
- —
- OPM %
- —
- Other Income
- 63
- Interest
- 58
- Depreciation
- 27
- 234
- Tax %
- 5.96%
- Net Profit
- 0
- 8
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,398
- 1,280
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 53
- Depreciation
- 34
- 40
- Tax %
- -39.88%
- Net Profit
- 0
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,142
- 761
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 53
- Depreciation
- 28
- 321
- Tax %
- 16.50%
- Net Profit
- 268
- 9
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,032
- 912
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 66
- Depreciation
- 28
- 57
- Tax %
- -16.95%
- Net Profit
- 67
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,908
- 2,564
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1,868
- Interest
- 45
- Depreciation
- 61
- 1,107
- Tax %
- 49.26%
- Net Profit
- 562
- 18
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 856
- 842
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 23
- Depreciation
- 31
- -16
- Tax %
- -44.78%
- Net Profit
- -22
- -1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,213
- 1,186
- Operating Profit
- —
- OPM %
- —
- Other Income
- 59
- Interest
- 22
- Depreciation
- 30
- 33
- Tax %
- 19.97%
- Net Profit
- 27
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,138
- 1,133
- Operating Profit
- —
- OPM %
- —
- Other Income
- 47
- Interest
- 21
- Depreciation
- 30
- 0
- Tax %
- 4313.33%
- Net Profit
- -6
- -0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,150
- 1,125
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 18
- Depreciation
- 31
- 4
- Tax %
- 138.22%
- Net Profit
- -1
- -0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 870
- 1,131
- Operating Profit
- —
- OPM %
- —
- Other Income
- 639
- Interest
- 20
- Depreciation
- 32
- 326
- Tax %
- 23.08%
- Net Profit
- 251
- 8
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,014
- 1,083
- Operating Profit
- —
- OPM %
- —
- Other Income
- 34
- Interest
- 34
- Depreciation
- 31
- -35
- Tax %
- -2.96%
- Net Profit
- -36
- -0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 351 | 347 | 892 | 341 | 320 | 487 | 1,438 | 5,017 | 4,938 | 4,371 | 4,172 | |
| 317 | 323 | 814 | 289 | 253 | 419 | 1,207 | 4,150 | 5,079 | 4,575 | 4,471 | |
| Operating Profit | 46 | 145 | 97 | 61 | 72 | 75 | 242 | 951 | 1,804 | 569 | — |
| OPM % | 13 | 42 | 11 | 18 | 22 | 15 | 17 | 19 | 37 | 13 | — |
| Other Income | 13 | 121 | 19 | 9 | 4 | 7 | 11 | 84 | 1,946 | 772 | 747 |
| Interest | 32 | 58 | 54 | 50 | 108 | 189 | 223 | 226 | 186 | 81 | 93 |
| Depreciation | 12 | 14 | 14 | 15 | 42 | 70 | 81 | 115 | 147 | 124 | 124 |
| 3 | 73 | 29 | -4 | -78 | -184 | -62 | 609 | 1,470 | 365 | 295 | |
| Tax % | 78 | 25 | 121 | -14 | 12 | 14 | 2 | 4 | 41 | 26 | 30 |
| Net Profit | 1 | 55 | -6 | -5 | -69 | -158 | -61 | 586 | 874 | 271 | 207 |
| EPS | 0 | 2 | -0 | -0 | -3 | -6 | -3 | 10 | 24 | 9 | — |
| Dividend Payout % | 273 | 4 | -46 | -42 | -6 | -3 | -7 | 1 | 0 | 2 | — |
| Minority Interest | 0 | 0 | 1 | -1 | 30 | 70 | 28 | -285 | -119 | 3 | -63 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Adjusted EPS | 0 | 2 | -0 | -0 | -2 | -3 | -1 | 10 | 24 | 9 | — |
| Minority Interest | 0 | 0 | 1 | -1 | 30 | 70 | 28 | -285 | -119 | 3 | -63 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Adjusted EPS | 0 | 2 | -0 | -0 | -2 | -3 | -1 | 10 | 24 | 9 | — |
Mar 2017
- 351
- 317
- Operating Profit
- 46
- OPM %
- 13
- Other Income
- 13
- Interest
- 32
- Depreciation
- 12
- 3
- Tax %
- 78
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 273
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 347
- 323
- Operating Profit
- 145
- OPM %
- 42
- Other Income
- 121
- Interest
- 58
- Depreciation
- 14
- 73
- Tax %
- 25
- Net Profit
- 55
- EPS
- 2
- Dividend Payout %
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2019
- 892
- 814
- Operating Profit
- 97
- OPM %
- 11
- Other Income
- 19
- Interest
- 54
- Depreciation
- 14
- 29
- Tax %
- 121
- Net Profit
- -6
- EPS
- -0
- Dividend Payout %
- -46
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2020
- 341
- 289
- Operating Profit
- 61
- OPM %
- 18
- Other Income
- 9
- Interest
- 50
- Depreciation
- 15
- -4
- Tax %
- -14
- Net Profit
- -5
- EPS
- -0
- Dividend Payout %
- -42
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2021
- 320
- 253
- Operating Profit
- 72
- OPM %
- 22
- Other Income
- 4
- Interest
- 108
- Depreciation
- 42
- -78
- Tax %
- 12
- Net Profit
- -69
- EPS
- -3
- Dividend Payout %
- -6
- Minority Interest
- 30
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 30
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2022
- 487
- 419
- Operating Profit
- 75
- OPM %
- 15
- Other Income
- 7
- Interest
- 189
- Depreciation
- 70
- -184
- Tax %
- 14
- Net Profit
- -158
- EPS
- -6
- Dividend Payout %
- -3
- Minority Interest
- 70
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 70
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2023
- 1,438
- 1,207
- Operating Profit
- 242
- OPM %
- 17
- Other Income
- 11
- Interest
- 223
- Depreciation
- 81
- -62
- Tax %
- 2
- Net Profit
- -61
- EPS
- -3
- Dividend Payout %
- -7
- Minority Interest
- 28
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 28
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2024
- 5,017
- 4,150
- Operating Profit
- 951
- OPM %
- 19
- Other Income
- 84
- Interest
- 226
- Depreciation
- 115
- 609
- Tax %
- 4
- Net Profit
- 586
- EPS
- 10
- Dividend Payout %
- 1
- Minority Interest
- -285
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- -285
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2025
- 4,938
- 5,079
- Operating Profit
- 1,804
- OPM %
- 37
- Other Income
- 1,946
- Interest
- 186
- Depreciation
- 147
- 1,470
- Tax %
- 41
- Net Profit
- 874
- EPS
- 24
- Dividend Payout %
- 0
- Minority Interest
- -119
- Share of Associates
- 0
- Adjusted EPS
- 24
- Minority Interest
- -119
- Share of Associates
- 0
- Adjusted EPS
- 24
Mar 2026
- 4,371
- 4,575
- Operating Profit
- 569
- OPM %
- 13
- Other Income
- 772
- Interest
- 81
- Depreciation
- 124
- 365
- Tax %
- 26
- Net Profit
- 271
- EPS
- 9
- Dividend Payout %
- 2
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- 9
TTM
- 4,172
- 4,471
- Operating Profit
- —
- OPM %
- —
- Other Income
- 747
- Interest
- 93
- Depreciation
- 124
- 295
- Tax %
- 30
- Net Profit
- 207
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -63
- Share of Associates
- 1
- Adjusted EPS
- —
- Minority Interest
- -63
- Share of Associates
- 1
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 29%
- 5 Years:
- 69%
- 3 Years:
- 45%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 17%
- 5 Years:
- 19%
- 3 Years:
- 3%
- 1 Year:
- -33%
RETURN ON EQUITY
- 10 Years:
- 1%
- 5 Years:
- 2%
- 3 Years:
- 10%
- Last Year:
- 4%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 22 | 24 | 24 | 24 | 24 | 26 | 26 | 31 | 31 | 31 |
| 409 | 907 | 899 | 890 | 850 | 1,219 | 2,257 | 6,248 | 7,311 | 7,505 | |
| 453 | 553 | 744 | 991 | 1,049 | 555 | 810 | 672 | 820 | 601 | |
| Trade Payables | 82 | 270 | 40 | 56 | 33 | 207 | 962 | 203 | 800 | 1,247 |
| 882 | 881 | 1,462 | 1,527 | 2,973 | 4,352 | 6,122 | 4,989 | 4,641 | 4,469 | |
| Total Liabilities | 1,848 | 2,636 | 3,170 | 3,489 | 4,929 | 6,360 | 10,178 | 12,143 | 13,603 | 13,853 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 189 | 142 | 135 | 134 | 1,868 | 1,833 | 3,827 | 3,761 | 3,383 | 3,419 | |
| Capital Work in Progress | 313 | 617 | 1,224 | 1,685 | 1,927 | 2,389 | 3,253 | 3,657 | 3,870 | 3,997 |
| 8 | 324 | 149 | 8 | 1 | 3 | 30 | 134 | 668 | 833 | |
| 592 | 606 | 152 | 126 | 145 | 171 | 261 | 228 | 1,674 | 1,213 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,915 | 1,352 | 2,246 | |
| Cash & Bank | 45 | 55 | 40 | 49 | 111 | 954 | 202 | 1,320 | 1,576 | 822 |
| 701 | 893 | 1,469 | 1,487 | 878 | 1,009 | 2,605 | 1,128 | 1,080 | 1,324 | |
| Total Assets | 1,848 | 2,636 | 3,170 | 3,489 | 4,929 | 6,360 | 10,178 | 12,143 | 13,603 | 13,853 |
| Total Debt | 821 | 912 | 1,077 | 1,206 | 3,077 | 4,117 | 4,985 | 3,449 | 2,823 | 2,130 |
| Net Working Capital | -181 | 28 | -1,209 | -1,365 | -975 | 467 | 283 | 2,813 | 3,073 | 2,610 |
| Contingent Liabilities | 510 | 440 | 2,174 | 2,083 | 2,247 | 5,305 | 5,756 | 2,952 | 1,262 | 2,470 |
| Book Value per Share | 19.50 | 38.15 | 37.82 | 36.44 | 34.41 | 46.57 | 85.98 | 200.31 | 234.25 | 240.43 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 821 | 912 | 1,077 | 1,206 | 3,077 | 4,117 | 4,985 | 3,449 | 2,823 | 2,130 |
| Net Working Capital | -181 | 28 | -1,209 | -1,365 | -975 | 467 | 283 | 2,813 | 3,073 | 2,610 |
| Contingent Liabilities | 510 | 440 | 2,174 | 2,083 | 2,247 | 5,305 | 5,756 | 2,952 | 1,262 | 2,470 |
| Book Value per Share | 19.50 | 38.15 | 37.82 | 36.44 | 34.41 | 46.57 | 85.98 | 200.31 | 234.25 | 240.43 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 22
- 409
- 453
- Trade Payables
- 82
- 882
- Total Liabilities
- 1,848
- 189
- Capital Work in Progress
- 313
- 8
- 592
- 0
- Cash & Bank
- 45
- 701
- Total Assets
- 1,848
- Total Debt
- 821
- Net Working Capital
- -181
- Contingent Liabilities
- 510
- Book Value per Share
- 19.50
- Face Value
- 1.00
- Total Debt
- 821
- Net Working Capital
- -181
- Contingent Liabilities
- 510
- Book Value per Share
- 19.50
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 24
- 907
- 553
- Trade Payables
- 270
- 881
- Total Liabilities
- 2,636
- 142
- Capital Work in Progress
- 617
- 324
- 606
- 0
- Cash & Bank
- 55
- 893
- Total Assets
- 2,636
- Total Debt
- 912
- Net Working Capital
- 28
- Contingent Liabilities
- 440
- Book Value per Share
- 38.15
- Face Value
- 1.00
- Total Debt
- 912
- Net Working Capital
- 28
- Contingent Liabilities
- 440
- Book Value per Share
- 38.15
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 24
- 899
- 744
- Trade Payables
- 40
- 1,462
- Total Liabilities
- 3,170
- 135
- Capital Work in Progress
- 1,224
- 149
- 152
- 0
- Cash & Bank
- 40
- 1,469
- Total Assets
- 3,170
- Total Debt
- 1,077
- Net Working Capital
- -1,209
- Contingent Liabilities
- 2,174
- Book Value per Share
- 37.82
- Face Value
- 1.00
- Total Debt
- 1,077
- Net Working Capital
- -1,209
- Contingent Liabilities
- 2,174
- Book Value per Share
- 37.82
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 24
- 890
- 991
- Trade Payables
- 56
- 1,527
- Total Liabilities
- 3,489
- 134
- Capital Work in Progress
- 1,685
- 8
- 126
- 0
- Cash & Bank
- 49
- 1,487
- Total Assets
- 3,489
- Total Debt
- 1,206
- Net Working Capital
- -1,365
- Contingent Liabilities
- 2,083
- Book Value per Share
- 36.44
- Face Value
- 1.00
- Total Debt
- 1,206
- Net Working Capital
- -1,365
- Contingent Liabilities
- 2,083
- Book Value per Share
- 36.44
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 24
- 850
- 1,049
- Trade Payables
- 33
- 2,973
- Total Liabilities
- 4,929
- 1,868
- Capital Work in Progress
- 1,927
- 1
- 145
- 0
- Cash & Bank
- 111
- 878
- Total Assets
- 4,929
- Total Debt
- 3,077
- Net Working Capital
- -975
- Contingent Liabilities
- 2,247
- Book Value per Share
- 34.41
- Face Value
- 1.00
- Total Debt
- 3,077
- Net Working Capital
- -975
- Contingent Liabilities
- 2,247
- Book Value per Share
- 34.41
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 26
- 1,219
- 555
- Trade Payables
- 207
- 4,352
- Total Liabilities
- 6,360
- 1,833
- Capital Work in Progress
- 2,389
- 3
- 171
- 0
- Cash & Bank
- 954
- 1,009
- Total Assets
- 6,360
- Total Debt
- 4,117
- Net Working Capital
- 467
- Contingent Liabilities
- 5,305
- Book Value per Share
- 46.57
- Face Value
- 1.00
- Total Debt
- 4,117
- Net Working Capital
- 467
- Contingent Liabilities
- 5,305
- Book Value per Share
- 46.57
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 26
- 2,257
- 810
- Trade Payables
- 962
- 6,122
- Total Liabilities
- 10,178
- 3,827
- Capital Work in Progress
- 3,253
- 30
- 261
- 0
- Cash & Bank
- 202
- 2,605
- Total Assets
- 10,178
- Total Debt
- 4,985
- Net Working Capital
- 283
- Contingent Liabilities
- 5,756
- Book Value per Share
- 85.98
- Face Value
- 1.00
- Total Debt
- 4,985
- Net Working Capital
- 283
- Contingent Liabilities
- 5,756
- Book Value per Share
- 85.98
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 31
- 6,248
- 672
- Trade Payables
- 203
- 4,989
- Total Liabilities
- 12,143
- 3,761
- Capital Work in Progress
- 3,657
- 134
- 228
- 1,915
- Cash & Bank
- 1,320
- 1,128
- Total Assets
- 12,143
- Total Debt
- 3,449
- Net Working Capital
- 2,813
- Contingent Liabilities
- 2,952
- Book Value per Share
- 200.31
- Face Value
- 1.00
- Total Debt
- 3,449
- Net Working Capital
- 2,813
- Contingent Liabilities
- 2,952
- Book Value per Share
- 200.31
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 31
- 7,311
- 820
- Trade Payables
- 800
- 4,641
- Total Liabilities
- 13,603
- 3,383
- Capital Work in Progress
- 3,870
- 668
- 1,674
- 1,352
- Cash & Bank
- 1,576
- 1,080
- Total Assets
- 13,603
- Total Debt
- 2,823
- Net Working Capital
- 3,073
- Contingent Liabilities
- 1,262
- Book Value per Share
- 234.25
- Face Value
- 1.00
- Total Debt
- 2,823
- Net Working Capital
- 3,073
- Contingent Liabilities
- 1,262
- Book Value per Share
- 234.25
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 31
- 7,505
- 601
- Trade Payables
- 1,247
- 4,469
- Total Liabilities
- 13,853
- 3,419
- Capital Work in Progress
- 3,997
- 833
- 1,213
- 2,246
- Cash & Bank
- 822
- 1,324
- Total Assets
- 13,853
- Total Debt
- 2,130
- Net Working Capital
- 2,610
- Contingent Liabilities
- 2,470
- Book Value per Share
- 240.43
- Face Value
- 1.00
- Total Debt
- 2,130
- Net Working Capital
- 2,610
- Contingent Liabilities
- 2,470
- Book Value per Share
- 240.43
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 69 | 62 | 42 | -95 | 302 | 29 | -235 | 26 | -529 | -14 | |
| Cash from Investing | -29 | -533 | -763 | -324 | -2,001 | -494 | -1,116 | -512 | 1,346 | 294 |
| Cash from Financing | -29 | 481 | 707 | 427 | 1,760 | 1,309 | 599 | 1,604 | -560 | -1,034 |
| 12 | 10 | -14 | 8 | 62 | 843 | -752 | 1,118 | 257 | -754 | |
| Free Cash Flow | 69 | -200 | -566 | -564 | -1,709 | -462 | -3,329 | -421 | -1,875 | -279 |
| OCF / Net Profit | 113.83 | 1.14 | -7.00 | 19.68 | -4.41 | -0.18 | 3.85 | 0.04 | -0.60 | -0.05 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -2,970 | -3,501 | -6,630 | -6,484 | -7,795 | -6,366 |
| OCF / Net Profit | 113.83 | 1.14 | -7.00 | 19.68 | -4.41 | -0.18 | 3.85 | 0.04 | -0.60 | -0.05 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -2,970 | -3,501 | -6,630 | -6,484 | -7,795 | -6,366 |
Mar 2017
- 69
- Cash from Investing
- -29
- Cash from Financing
- -29
- 12
- Free Cash Flow
- 69
- OCF / Net Profit
- 113.83
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 113.83
- Cumulative 5-Year FCF
- 0
Mar 2018
- 62
- Cash from Investing
- -533
- Cash from Financing
- 481
- 10
- Free Cash Flow
- -200
- OCF / Net Profit
- 1.14
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.14
- Cumulative 5-Year FCF
- 0
Mar 2019
- 42
- Cash from Investing
- -763
- Cash from Financing
- 707
- -14
- Free Cash Flow
- -566
- OCF / Net Profit
- -7.00
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -7.00
- Cumulative 5-Year FCF
- 0
Mar 2020
- -95
- Cash from Investing
- -324
- Cash from Financing
- 427
- 8
- Free Cash Flow
- -564
- OCF / Net Profit
- 19.68
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 19.68
- Cumulative 5-Year FCF
- 0
Mar 2021
- 302
- Cash from Investing
- -2,001
- Cash from Financing
- 1,760
- 62
- Free Cash Flow
- -1,709
- OCF / Net Profit
- -4.41
- Cumulative 5-Year FCF
- -2,970
- OCF / Net Profit
- -4.41
- Cumulative 5-Year FCF
- -2,970
Mar 2022
- 29
- Cash from Investing
- -494
- Cash from Financing
- 1,309
- 843
- Free Cash Flow
- -462
- OCF / Net Profit
- -0.18
- Cumulative 5-Year FCF
- -3,501
- OCF / Net Profit
- -0.18
- Cumulative 5-Year FCF
- -3,501
Mar 2023
- -235
- Cash from Investing
- -1,116
- Cash from Financing
- 599
- -752
- Free Cash Flow
- -3,329
- OCF / Net Profit
- 3.85
- Cumulative 5-Year FCF
- -6,630
- OCF / Net Profit
- 3.85
- Cumulative 5-Year FCF
- -6,630
Mar 2024
- 26
- Cash from Investing
- -512
- Cash from Financing
- 1,604
- 1,118
- Free Cash Flow
- -421
- OCF / Net Profit
- 0.04
- Cumulative 5-Year FCF
- -6,484
- OCF / Net Profit
- 0.04
- Cumulative 5-Year FCF
- -6,484
Mar 2025
- -529
- Cash from Investing
- 1,346
- Cash from Financing
- -560
- 257
- Free Cash Flow
- -1,875
- OCF / Net Profit
- -0.60
- Cumulative 5-Year FCF
- -7,795
- OCF / Net Profit
- -0.60
- Cumulative 5-Year FCF
- -7,795
Mar 2026
- -14
- Cash from Investing
- 294
- Cash from Financing
- -1,034
- -754
- Free Cash Flow
- -279
- OCF / Net Profit
- -0.05
- Cumulative 5-Year FCF
- -6,366
- OCF / Net Profit
- -0.05
- Cumulative 5-Year FCF
- -6,366
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.03 | 2.24 | -0.22 | -0.24 | -1.57 | -3.32 | -1.47 | 9.61 | 24.10 | 8.75 |
| Book Value (₹) | 19.50 | 38.15 | 37.82 | 36.44 | 34.41 | 46.57 | 85.98 | 200.31 | 234.25 | 240.43 |
| Dividend per Share (₹) | 0.07 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.15 |
| Cash EPS (₹) | 0.56 | 2.82 | 0.33 | 0.40 | -1.10 | -3.32 | 0.77 | 22.36 | 32.59 | 12.61 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 13.17% | 41.90% | 10.90% | 17.78% | 22.36% | 15.43% | 16.82% | 17.28% | -2.86% | -4.66% |
| Net Margin % | 0.17% | 15.78% | -0.67% | -1.42% | -21.41% | -32.41% | -4.24% | 11.68% | 17.71% | 6.21% |
| ROE % | 0.14% | 8.02% | -0.64% | -0.53% | -7.93% | -15.26% | -3.49% | 13.71% | 12.84% | 3.65% |
| ROCE % | 2.75% | 8.47% | 4.32% | 2.25% | 1.00% | 0.11% | 2.55% | 9.84% | 16.64% | 4.50% |
| 0.03% | 2.44% | -0.21% | -0.15% | -1.63% | -2.80% | -0.74% | 5.25% | 6.79% | 1.98% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 79 | 79 | 20 | 52 | 47 | 91 | 249 | 133 | 121 | 150 |
| Inventory Days | 611 | 630 | 155 | 149 | 154 | 118 | 55 | 18 | 70 | 121 |
| Payable Days | 99 | 281 | 78 | 91 | 103 | 152 | 208 | 54 | 44 | 88 |
| 591 | 428 | 98 | 110 | 99 | 57 | 96 | 97 | 147 | 183 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.90x | 0.98x | 1.17x | 1.36x | 3.66x | 3.35x | 2.20x | 0.55x | 0.38x | 0.28x |
| Interest Coverage (x) | 1.09x | 2.27x | 1.54x | 0.92x | 0.28x | 0.03x | 0.72x | 3.69x | 8.92x | 5.49x |
| 0.82x | 1.02x | 0.33x | 0.24x | 0.35x | 1.41x | 1.13x | 3.13x | 2.14x | 1.91x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 5.68% | -1.11% | 157.18% | -61.78% | -5.97% | 52.03% | 195.19% | 248.86% | -1.58% | -11.48% |
| Operating Profit Growth % | 30.92% | 214.65% | -33.10% | -37.63% | 18.23% | 4.93% | 221.73% | 292.97% | 89.82% | -68.49% |
| Net Profit Growth % | 428.94% | 8877.69% | -110.94% | 19.22% | -1319.67% | -130.12% | 61.34% | 1059.83% | 49.22% | -68.98% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 752.95% | 150.79% | -63.71% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 69.65x | 17.84x | 34.30x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.34x | 1.84x | 1.25x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.02% | 0.05% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 24.31x | 8.16x | 18.84x |
Mar 2017
- EPS (₹)
- 0.03
- Book Value (₹)
- 19.50
- Dividend per Share (₹)
- 0.07
- Cash EPS (₹)
- 0.56
- Operating Margin %
- 13.17%
- Net Margin %
- 0.17%
- ROE %
- 0.14%
- ROCE %
- 2.75%
- 0.03%
- Debtor Days
- 79
- Inventory Days
- 611
- Payable Days
- 99
- 591
- Debt to Equity (x)
- 1.90x
- Interest Coverage (x)
- 1.09x
- 0.82x
- Revenue Growth %
- 5.68%
- Operating Profit Growth %
- 30.92%
- Net Profit Growth %
- 428.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 2.24
- Book Value (₹)
- 38.15
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 2.82
- Operating Margin %
- 41.90%
- Net Margin %
- 15.78%
- ROE %
- 8.02%
- ROCE %
- 8.47%
- 2.44%
- Debtor Days
- 79
- Inventory Days
- 630
- Payable Days
- 281
- 428
- Debt to Equity (x)
- 0.98x
- Interest Coverage (x)
- 2.27x
- 1.02x
- Revenue Growth %
- -1.11%
- Operating Profit Growth %
- 214.65%
- Net Profit Growth %
- 8877.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -0.22
- Book Value (₹)
- 37.82
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 0.33
- Operating Margin %
- 10.90%
- Net Margin %
- -0.67%
- ROE %
- -0.64%
- ROCE %
- 4.32%
- -0.21%
- Debtor Days
- 20
- Inventory Days
- 155
- Payable Days
- 78
- 98
- Debt to Equity (x)
- 1.17x
- Interest Coverage (x)
- 1.54x
- 0.33x
- Revenue Growth %
- 157.18%
- Operating Profit Growth %
- -33.10%
- Net Profit Growth %
- -110.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -0.24
- Book Value (₹)
- 36.44
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 0.40
- Operating Margin %
- 17.78%
- Net Margin %
- -1.42%
- ROE %
- -0.53%
- ROCE %
- 2.25%
- -0.15%
- Debtor Days
- 52
- Inventory Days
- 149
- Payable Days
- 91
- 110
- Debt to Equity (x)
- 1.36x
- Interest Coverage (x)
- 0.92x
- 0.24x
- Revenue Growth %
- -61.78%
- Operating Profit Growth %
- -37.63%
- Net Profit Growth %
- 19.22%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -1.57
- Book Value (₹)
- 34.41
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- -1.10
- Operating Margin %
- 22.36%
- Net Margin %
- -21.41%
- ROE %
- -7.93%
- ROCE %
- 1.00%
- -1.63%
- Debtor Days
- 47
- Inventory Days
- 154
- Payable Days
- 103
- 99
- Debt to Equity (x)
- 3.66x
- Interest Coverage (x)
- 0.28x
- 0.35x
- Revenue Growth %
- -5.97%
- Operating Profit Growth %
- 18.23%
- Net Profit Growth %
- -1319.67%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -3.32
- Book Value (₹)
- 46.57
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- -3.32
- Operating Margin %
- 15.43%
- Net Margin %
- -32.41%
- ROE %
- -15.26%
- ROCE %
- 0.11%
- -2.80%
- Debtor Days
- 91
- Inventory Days
- 118
- Payable Days
- 152
- 57
- Debt to Equity (x)
- 3.35x
- Interest Coverage (x)
- 0.03x
- 1.41x
- Revenue Growth %
- 52.03%
- Operating Profit Growth %
- 4.93%
- Net Profit Growth %
- -130.12%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -1.47
- Book Value (₹)
- 85.98
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 0.77
- Operating Margin %
- 16.82%
- Net Margin %
- -4.24%
- ROE %
- -3.49%
- ROCE %
- 2.55%
- -0.74%
- Debtor Days
- 249
- Inventory Days
- 55
- Payable Days
- 208
- 96
- Debt to Equity (x)
- 2.20x
- Interest Coverage (x)
- 0.72x
- 1.13x
- Revenue Growth %
- 195.19%
- Operating Profit Growth %
- 221.73%
- Net Profit Growth %
- 61.34%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 9.61
- Book Value (₹)
- 200.31
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 22.36
- Operating Margin %
- 17.28%
- Net Margin %
- 11.68%
- ROE %
- 13.71%
- ROCE %
- 9.84%
- 5.25%
- Debtor Days
- 133
- Inventory Days
- 18
- Payable Days
- 54
- 97
- Debt to Equity (x)
- 0.55x
- Interest Coverage (x)
- 3.69x
- 3.13x
- Revenue Growth %
- 248.86%
- Operating Profit Growth %
- 292.97%
- Net Profit Growth %
- 1059.83%
- 752.95%
- P/E (x)
- 69.65x
- P/B (x)
- 3.34x
- Dividend Yield %
- 0.01%
- 24.31x
Mar 2025
- EPS (₹)
- 24.10
- Book Value (₹)
- 234.25
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 32.59
- Operating Margin %
- -2.86%
- Net Margin %
- 17.71%
- ROE %
- 12.84%
- ROCE %
- 16.64%
- 6.79%
- Debtor Days
- 121
- Inventory Days
- 70
- Payable Days
- 44
- 147
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 8.92x
- 2.14x
- Revenue Growth %
- -1.58%
- Operating Profit Growth %
- 89.82%
- Net Profit Growth %
- 49.22%
- 150.79%
- P/E (x)
- 17.84x
- P/B (x)
- 1.84x
- Dividend Yield %
- 0.02%
- 8.16x
Mar 2026
- EPS (₹)
- 8.75
- Book Value (₹)
- 240.43
- Dividend per Share (₹)
- 0.15
- Cash EPS (₹)
- 12.61
- Operating Margin %
- -4.66%
- Net Margin %
- 6.21%
- ROE %
- 3.65%
- ROCE %
- 4.50%
- 1.98%
- Debtor Days
- 150
- Inventory Days
- 121
- Payable Days
- 88
- 183
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 5.49x
- 1.91x
- Revenue Growth %
- -11.48%
- Operating Profit Growth %
- -68.49%
- Net Profit Growth %
- -68.98%
- -63.71%
- P/E (x)
- 34.30x
- P/B (x)
- 1.25x
- Dividend Yield %
- 0.05%
- 18.84x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-15 - Submission of Copies of Newspaper Advertisement - Results publication
- General Updates
2026-08-14 - Physical letter to shareholders of Swan Corp Limited.
Annual Reports
Credit Ratings
Nothing filed yet.