Swan Corp Ltd.
•₹ 303.85-0.56%
2026-08-21
PROS
- Company is almost debt free
- Stock looks reasonably valued - P/E of 340.8 is below its historical median
- Company comfortably covers its interest (123.0x coverage)
- Working capital cycle has improved - days down from 1999 to 1285
- 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 (196.1% of PBT)
- Company has a low return on capital employed of 0.5%
- Company has a low return on equity of 0.3% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.80x)
* 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 114 | 85 | 68 | 120 | 39 | 26 | 28 | 42 | 48 | 55 | 60 | 53 | 53 | |
| 108 | 78 | 64 | 121 | 48 | 24 | 27 | 47 | 52 | 62 | 64 | 64 | 56 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 1 | 1 | 6 | 16 | 4 | 4 | 10 | 15 | 14 | 7 | 31 | 4 |
| Interest | 2 | 5 | 3 | 2 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| 1 | 1 | 0 | 1 | 5 | 2 | 3 | 3 | 9 | 5 | 2 | 19 | 1 | |
| Tax % | 22.39% | 13.24% | -20.00% | 66.07% | 30.85% | 33.88% | 45.49% | -7.09% | 11.37% | -4.28% | -8.33% | 35.84% | -1.33% |
| Net Profit | 1 | 1 | 0 | 0 | 3 | 1 | 2 | 3 | 8 | 6 | 2 | 12 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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
- 114
- 108
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 2
- 1
- Tax %
- 22.39%
- Net Profit
- 1
- 0
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 85
- 78
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 2
- 1
- Tax %
- 13.24%
- Net Profit
- 1
- 0
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 68
- 64
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 2
- 0
- Tax %
- -20.00%
- Net Profit
- 0
- 0
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 120
- 121
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 2
- Depreciation
- 2
- 1
- Tax %
- 66.07%
- Net Profit
- 0
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 39
- 48
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 1
- Depreciation
- 2
- 5
- Tax %
- 30.85%
- Net Profit
- 3
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 26
- 24
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 2
- Depreciation
- 2
- 2
- Tax %
- 33.88%
- Net Profit
- 1
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 28
- 27
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 2
- 3
- Tax %
- 45.49%
- Net Profit
- 2
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 42
- 47
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 0
- Depreciation
- 2
- 3
- Tax %
- -7.09%
- Net Profit
- 3
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 48
- 52
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 0
- Depreciation
- 2
- 9
- Tax %
- 11.37%
- Net Profit
- 8
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 55
- 62
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 0
- Depreciation
- 2
- 5
- Tax %
- -4.28%
- Net Profit
- 6
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 60
- 64
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 2
- 2
- Tax %
- -8.33%
- Net Profit
- 2
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 53
- 64
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 0
- Depreciation
- 1
- 19
- Tax %
- 35.84%
- Net Profit
- 12
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 53
- 56
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 1
- Tax %
- -1.33%
- Net Profit
- 1
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 331 | 316 | 860 | 307 | 253 | 409 | 547 | 386 | 135 | 216 | 221 | |
| 312 | 312 | 815 | 290 | 232 | 381 | 519 | 371 | 147 | 242 | 246 | |
| Operating Profit | 25 | 120 | 59 | 21 | 22 | 28 | 30 | 23 | 23 | 43 | — |
| OPM % | 7 | 38 | 7 | 7 | 9 | 7 | 6 | 6 | 17 | 20 | — |
| Other Income | 6 | 116 | 14 | 4 | 1 | 1 | 3 | 9 | 34 | 68 | 57 |
| Interest | 15 | 23 | 18 | 11 | 14 | 18 | 18 | 12 | 3 | 0 | 0 |
| Depreciation | 5 | 5 | 5 | 5 | 6 | 6 | 8 | 8 | 8 | 8 | 7 |
| 4 | 91 | 36 | 4 | 2 | 5 | 5 | 3 | 12 | 35 | 27 | |
| Tax % | 55 | 20 | 93 | -7 | 69 | 34 | 24 | 25 | 26 | 21 | 24 |
| Net Profit | 2 | 73 | 2 | 4 | 1 | 3 | 4 | 2 | 9 | 28 | 20 |
| EPS | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | — |
| Dividend Payout % | 99 | 3 | 104 | 59 | 331 | 83 | 73 | 144 | 35 | 17 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | — |
Mar 2017
- 331
- 312
- Operating Profit
- 25
- OPM %
- 7
- Other Income
- 6
- Interest
- 15
- Depreciation
- 5
- 4
- Tax %
- 55
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 99
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 316
- 312
- Operating Profit
- 120
- OPM %
- 38
- Other Income
- 116
- Interest
- 23
- Depreciation
- 5
- 91
- Tax %
- 20
- Net Profit
- 73
- EPS
- 3
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2019
- 860
- 815
- Operating Profit
- 59
- OPM %
- 7
- Other Income
- 14
- Interest
- 18
- Depreciation
- 5
- 36
- Tax %
- 93
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 104
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2020
- 307
- 290
- Operating Profit
- 21
- OPM %
- 7
- Other Income
- 4
- Interest
- 11
- Depreciation
- 5
- 4
- Tax %
- -7
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 59
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2021
- 253
- 232
- Operating Profit
- 22
- OPM %
- 9
- Other Income
- 1
- Interest
- 14
- Depreciation
- 6
- 2
- Tax %
- 69
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 331
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2022
- 409
- 381
- Operating Profit
- 28
- OPM %
- 7
- Other Income
- 1
- Interest
- 18
- Depreciation
- 6
- 5
- Tax %
- 34
- Net Profit
- 3
- EPS
- 0
- Dividend Payout %
- 83
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2023
- 547
- 519
- Operating Profit
- 30
- OPM %
- 6
- Other Income
- 3
- Interest
- 18
- Depreciation
- 8
- 5
- Tax %
- 24
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 73
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2024
- 386
- 371
- Operating Profit
- 23
- OPM %
- 6
- Other Income
- 9
- Interest
- 12
- Depreciation
- 8
- 3
- Tax %
- 25
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 144
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2025
- 135
- 147
- Operating Profit
- 23
- OPM %
- 17
- Other Income
- 34
- Interest
- 3
- Depreciation
- 8
- 12
- Tax %
- 26
- Net Profit
- 9
- EPS
- 0
- Dividend Payout %
- 35
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2026
- 216
- 242
- Operating Profit
- 43
- OPM %
- 20
- Other Income
- 68
- Interest
- 0
- Depreciation
- 8
- 35
- Tax %
- 21
- Net Profit
- 28
- EPS
- 1
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
TTM
- 221
- 246
- Operating Profit
- —
- OPM %
- —
- Other Income
- 57
- Interest
- 0
- Depreciation
- 7
- 27
- Tax %
- 24
- Net Profit
- 20
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- -4%
- 5 Years:
- -3%
- 3 Years:
- -27%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 47%
- 5 Years:
- 106%
- 3 Years:
- 96%
STOCK PRICE CAGR
- 10 Years:
- 17%
- 5 Years:
- 19%
- 3 Years:
- 3%
- 1 Year:
- -33%
RETURN ON EQUITY
- 10 Years:
- 1%
- 5 Years:
- 0%
- 3 Years:
- 0%
- Last Year:
- 1%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 419 | 937 | 937 | 938 | 936 | 1,254 | 1,255 | 4,537 | 4,538 | 4,563 | |
| 82 | 60 | 80 | 298 | 313 | 66 | 211 | 333 | 371 | 371 | |
| Trade Payables | 76 | 49 | 39 | 56 | 32 | 205 | 185 | 53 | 45 | 49 |
| 588 | 590 | 102 | 12 | 16 | 56 | 78 | 60 | 10 | 8 | |
| Total Liabilities | 1,188 | 1,662 | 1,182 | 1,329 | 1,322 | 1,607 | 1,755 | 5,014 | 4,996 | 5,022 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 82 | 53 | 49 | 45 | 56 | 78 | 73 | 66 | 63 | 55 | |
| Capital Work in Progress | 0 | 0 | 1 | 6 | 20 | 2 | 2 | 2 | 0 | 0 |
| 33 | 164 | 413 | 801 | 1,036 | 1,036 | 1,227 | 3,487 | 4,233 | 3,941 | |
| 586 | 582 | 107 | 71 | 79 | 87 | 105 | 117 | 122 | 131 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 91 | 85 | 70 | |
| Cash & Bank | 26 | 11 | 11 | 23 | 15 | 10 | 10 | 1,068 | 55 | 69 |
| 460 | 852 | 600 | 383 | 116 | 393 | 338 | 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 |
| Total Debt | 186 | 164 | 170 | 299 | 314 | 109 | 280 | 383 | 374 | 372 |
| Net Working Capital | 369 | 896 | 522 | 92 | -173 | 174 | 41 | 1,108 | 742 | 761 |
| Contingent Liabilities | 437 | 367 | 1,905 | 2,010 | 2,175 | 5,157 | 5,157 | 2,259 | 360 | 1,368 |
| Book Value per Share | 19.95 | 39.38 | 39.35 | 39.40 | 39.34 | 48.51 | 48.55 | 145.74 | 145.78 | 146.56 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 186 | 164 | 170 | 299 | 314 | 109 | 280 | 383 | 374 | 372 |
| Net Working Capital | 369 | 896 | 522 | 92 | -173 | 174 | 41 | 1,108 | 742 | 761 |
| Contingent Liabilities | 437 | 367 | 1,905 | 2,010 | 2,175 | 5,157 | 5,157 | 2,259 | 360 | 1,368 |
| Book Value per Share | 19.95 | 39.38 | 39.35 | 39.40 | 39.34 | 48.51 | 48.55 | 145.74 | 145.78 | 146.56 |
| 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
- 419
- 82
- Trade Payables
- 76
- 588
- Total Liabilities
- 1,188
- 82
- Capital Work in Progress
- 0
- 33
- 586
- 0
- Cash & Bank
- 26
- 460
- Total Assets
- 1,188
- Total Debt
- 186
- Net Working Capital
- 369
- Contingent Liabilities
- 437
- Book Value per Share
- 19.95
- Face Value
- 1.00
- Total Debt
- 186
- Net Working Capital
- 369
- Contingent Liabilities
- 437
- Book Value per Share
- 19.95
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 24
- 937
- 60
- Trade Payables
- 49
- 590
- Total Liabilities
- 1,662
- 53
- Capital Work in Progress
- 0
- 164
- 582
- 0
- Cash & Bank
- 11
- 852
- Total Assets
- 1,662
- Total Debt
- 164
- Net Working Capital
- 896
- Contingent Liabilities
- 367
- Book Value per Share
- 39.38
- Face Value
- 1.00
- Total Debt
- 164
- Net Working Capital
- 896
- Contingent Liabilities
- 367
- Book Value per Share
- 39.38
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 24
- 937
- 80
- Trade Payables
- 39
- 102
- Total Liabilities
- 1,182
- 49
- Capital Work in Progress
- 1
- 413
- 107
- 0
- Cash & Bank
- 11
- 600
- Total Assets
- 1,182
- Total Debt
- 170
- Net Working Capital
- 522
- Contingent Liabilities
- 1,905
- Book Value per Share
- 39.35
- Face Value
- 1.00
- Total Debt
- 170
- Net Working Capital
- 522
- Contingent Liabilities
- 1,905
- Book Value per Share
- 39.35
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 24
- 938
- 298
- Trade Payables
- 56
- 12
- Total Liabilities
- 1,329
- 45
- Capital Work in Progress
- 6
- 801
- 71
- 0
- Cash & Bank
- 23
- 383
- Total Assets
- 1,329
- Total Debt
- 299
- Net Working Capital
- 92
- Contingent Liabilities
- 2,010
- Book Value per Share
- 39.40
- Face Value
- 1.00
- Total Debt
- 299
- Net Working Capital
- 92
- Contingent Liabilities
- 2,010
- Book Value per Share
- 39.40
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 24
- 936
- 313
- Trade Payables
- 32
- 16
- Total Liabilities
- 1,322
- 56
- Capital Work in Progress
- 20
- 1,036
- 79
- 0
- Cash & Bank
- 15
- 116
- Total Assets
- 1,322
- Total Debt
- 314
- Net Working Capital
- -173
- Contingent Liabilities
- 2,175
- Book Value per Share
- 39.34
- Face Value
- 1.00
- Total Debt
- 314
- Net Working Capital
- -173
- Contingent Liabilities
- 2,175
- Book Value per Share
- 39.34
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 26
- 1,254
- 66
- Trade Payables
- 205
- 56
- Total Liabilities
- 1,607
- 78
- Capital Work in Progress
- 2
- 1,036
- 87
- 0
- Cash & Bank
- 10
- 393
- Total Assets
- 1,607
- Total Debt
- 109
- Net Working Capital
- 174
- Contingent Liabilities
- 5,157
- Book Value per Share
- 48.51
- Face Value
- 1.00
- Total Debt
- 109
- Net Working Capital
- 174
- Contingent Liabilities
- 5,157
- Book Value per Share
- 48.51
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 26
- 1,255
- 211
- Trade Payables
- 185
- 78
- Total Liabilities
- 1,755
- 73
- Capital Work in Progress
- 2
- 1,227
- 105
- 0
- Cash & Bank
- 10
- 338
- Total Assets
- 1,755
- Total Debt
- 280
- Net Working Capital
- 41
- Contingent Liabilities
- 5,157
- Book Value per Share
- 48.55
- Face Value
- 1.00
- Total Debt
- 280
- Net Working Capital
- 41
- Contingent Liabilities
- 5,157
- Book Value per Share
- 48.55
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 31
- 4,537
- 333
- Trade Payables
- 53
- 60
- Total Liabilities
- 5,014
- 66
- Capital Work in Progress
- 2
- 3,487
- 117
- 91
- Cash & Bank
- 1,068
- 183
- Total Assets
- 5,014
- Total Debt
- 383
- Net Working Capital
- 1,108
- Contingent Liabilities
- 2,259
- Book Value per Share
- 145.74
- Face Value
- 1.00
- Total Debt
- 383
- Net Working Capital
- 1,108
- Contingent Liabilities
- 2,259
- Book Value per Share
- 145.74
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 31
- 4,538
- 371
- Trade Payables
- 45
- 10
- Total Liabilities
- 4,996
- 63
- Capital Work in Progress
- 0
- 4,233
- 122
- 85
- Cash & Bank
- 55
- 438
- Total Assets
- 4,996
- Total Debt
- 374
- Net Working Capital
- 742
- Contingent Liabilities
- 360
- Book Value per Share
- 145.78
- Face Value
- 1.00
- Total Debt
- 374
- Net Working Capital
- 742
- Contingent Liabilities
- 360
- Book Value per Share
- 145.78
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 31
- 4,563
- 371
- Trade Payables
- 49
- 8
- Total Liabilities
- 5,022
- 55
- Capital Work in Progress
- 0
- 3,941
- 131
- 70
- Cash & Bank
- 69
- 756
- Total Assets
- 5,022
- Total Debt
- 372
- Net Working Capital
- 761
- Contingent Liabilities
- 1,368
- Book Value per Share
- 146.56
- Face Value
- 1.00
- Total Debt
- 372
- Net Working Capital
- 761
- Contingent Liabilities
- 1,368
- Book Value per Share
- 146.56
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 43 | -9 | 74 | 53 | 26 | 10 | -6 | -12 | -17 | -2 | |
| Cash from Investing | -70 | -408 | -59 | -156 | -34 | -108 | -146 | -2,305 | -976 | 21 |
| Cash from Financing | 38 | 403 | -15 | 114 | -1 | 93 | 151 | 3,375 | -19 | -5 |
| 11 | -15 | 0 | 11 | -8 | -4 | -1 | 1,058 | -1,013 | 14 | |
| Free Cash Flow | 43 | -9 | 72 | 46 | -3 | 1 | -7 | -12 | -20 | -2 |
| OCF / Net Profit | 25.67 | -0.12 | 31.78 | 12.71 | 35.66 | 3.27 | -1.57 | -5.34 | -1.93 | -0.08 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 149 | 107 | 109 | 25 | -41 | -40 |
| OCF / Net Profit | 25.67 | -0.12 | 31.78 | 12.71 | 35.66 | 3.27 | -1.57 | -5.34 | -1.93 | -0.08 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 149 | 107 | 109 | 25 | -41 | -40 |
Mar 2017
- 43
- Cash from Investing
- -70
- Cash from Financing
- 38
- 11
- Free Cash Flow
- 43
- OCF / Net Profit
- 25.67
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 25.67
- Cumulative 5-Year FCF
- 0
Mar 2018
- -9
- Cash from Investing
- -408
- Cash from Financing
- 403
- -15
- Free Cash Flow
- -9
- OCF / Net Profit
- -0.12
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.12
- Cumulative 5-Year FCF
- 0
Mar 2019
- 74
- Cash from Investing
- -59
- Cash from Financing
- -15
- 0
- Free Cash Flow
- 72
- OCF / Net Profit
- 31.78
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 31.78
- Cumulative 5-Year FCF
- 0
Mar 2020
- 53
- Cash from Investing
- -156
- Cash from Financing
- 114
- 11
- Free Cash Flow
- 46
- OCF / Net Profit
- 12.71
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 12.71
- Cumulative 5-Year FCF
- 0
Mar 2021
- 26
- Cash from Investing
- -34
- Cash from Financing
- -1
- -8
- Free Cash Flow
- -3
- OCF / Net Profit
- 35.66
- Cumulative 5-Year FCF
- 149
- OCF / Net Profit
- 35.66
- Cumulative 5-Year FCF
- 149
Mar 2022
- 10
- Cash from Investing
- -108
- Cash from Financing
- 93
- -4
- Free Cash Flow
- 1
- OCF / Net Profit
- 3.27
- Cumulative 5-Year FCF
- 107
- OCF / Net Profit
- 3.27
- Cumulative 5-Year FCF
- 107
Mar 2023
- -6
- Cash from Investing
- -146
- Cash from Financing
- 151
- -1
- Free Cash Flow
- -7
- OCF / Net Profit
- -1.57
- Cumulative 5-Year FCF
- 109
- OCF / Net Profit
- -1.57
- Cumulative 5-Year FCF
- 109
Mar 2024
- -12
- Cash from Investing
- -2,305
- Cash from Financing
- 3,375
- 1,058
- Free Cash Flow
- -12
- OCF / Net Profit
- -5.34
- Cumulative 5-Year FCF
- 25
- OCF / Net Profit
- -5.34
- Cumulative 5-Year FCF
- 25
Mar 2025
- -17
- Cash from Investing
- -976
- Cash from Financing
- -19
- -1,013
- Free Cash Flow
- -20
- OCF / Net Profit
- -1.93
- Cumulative 5-Year FCF
- -41
- OCF / Net Profit
- -1.93
- Cumulative 5-Year FCF
- -41
Mar 2026
- -2
- Cash from Investing
- 21
- Cash from Financing
- -5
- 14
- Free Cash Flow
- -2
- OCF / Net Profit
- -0.08
- Cumulative 5-Year FCF
- -40
- OCF / Net Profit
- -0.08
- Cumulative 5-Year FCF
- -40
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.08 | 2.98 | 0.10 | 0.17 | 0.03 | 0.12 | 0.14 | 0.07 | 0.29 | 0.88 |
| Book Value (₹) | 19.95 | 39.38 | 39.35 | 39.40 | 39.34 | 48.51 | 48.55 | 145.74 | 145.78 | 146.56 |
| 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 (₹) | 0.32 | 3.20 | 0.31 | 0.39 | 0.26 | 0.35 | 0.44 | 0.32 | 0.55 | 1.12 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 7.46% | 37.87% | 6.90% | 6.70% | 8.59% | 6.96% | 5.54% | 3.78% | -8.34% | -11.91% |
| Net Margin % | 0.51% | 22.99% | 0.27% | 1.35% | 0.29% | 0.78% | 0.66% | 0.56% | 6.68% | 12.78% |
| ROE % | 0.38% | 10.37% | 0.24% | 0.43% | 0.08% | 0.28% | 0.28% | 0.07% | 0.20% | 0.60% |
| ROCE % | 3.21% | 13.06% | 4.78% | 1.27% | 1.28% | 1.69% | 1.51% | 0.47% | 0.30% | 0.71% |
| 0.15% | 5.11% | 0.16% | 0.33% | 0.06% | 0.22% | 0.22% | 0.06% | 0.18% | 0.55% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 83 | 86 | 21 | 57 | 57 | 104 | 137 | 139 | 236 | 130 |
| Inventory Days | 644 | 674 | 146 | 106 | 108 | 74 | 64 | 105 | 322 | 214 |
| Payable Days | 92 | 96 | 22 | 85 | 95 | 143 | 163 | 155 | 378 | 120 |
| 635 | 663 | 146 | 78 | 70 | 34 | 38 | 89 | 181 | 224 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.42x | 0.17x | 0.18x | 0.31x | 0.33x | 0.09x | 0.22x | 0.08x | 0.08x | 0.08x |
| Interest Coverage (x) | 1.24x | 4.97x | 2.93x | 1.34x | 1.17x | 1.27x | 1.27x | 1.23x | 5.54x | 123.03x |
| 1.58x | 2.52x | 3.45x | 1.26x | 0.51x | 1.60x | 1.10x | 3.77x | 2.77x | 2.80x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 4.27% | -4.37% | 171.75% | -64.31% | -17.68% | 61.81% | 33.89% | -29.50% | -64.89% | 59.46% |
| Operating Profit Growth % | 28.84% | 385.71% | -50.47% | -65.34% | 5.55% | 31.09% | 6.62% | -23.28% | -0.43% | 84.42% |
| Net Profit Growth % | 186.08% | 4232.70% | -96.78% | 76.56% | -82.15% | 330.86% | 14.38% | -40.22% | 316.70% | 204.77% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -49.67% | 316.88% | 204.74% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 9657.29x | 1488.23x | 340.75x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.59x | 2.95x | 2.05x |
| 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 | 871.95x | 595.35x | 227.14x |
Mar 2017
- EPS (₹)
- 0.08
- Book Value (₹)
- 19.95
- Dividend per Share (₹)
- 0.07
- Cash EPS (₹)
- 0.32
- Operating Margin %
- 7.46%
- Net Margin %
- 0.51%
- ROE %
- 0.38%
- ROCE %
- 3.21%
- 0.15%
- Debtor Days
- 83
- Inventory Days
- 644
- Payable Days
- 92
- 635
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 1.24x
- 1.58x
- Revenue Growth %
- 4.27%
- Operating Profit Growth %
- 28.84%
- Net Profit Growth %
- 186.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 2.98
- Book Value (₹)
- 39.38
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 3.20
- Operating Margin %
- 37.87%
- Net Margin %
- 22.99%
- ROE %
- 10.37%
- ROCE %
- 13.06%
- 5.11%
- Debtor Days
- 86
- Inventory Days
- 674
- Payable Days
- 96
- 663
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 4.97x
- 2.52x
- Revenue Growth %
- -4.37%
- Operating Profit Growth %
- 385.71%
- Net Profit Growth %
- 4232.70%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.10
- Book Value (₹)
- 39.35
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 0.31
- Operating Margin %
- 6.90%
- Net Margin %
- 0.27%
- ROE %
- 0.24%
- ROCE %
- 4.78%
- 0.16%
- Debtor Days
- 21
- Inventory Days
- 146
- Payable Days
- 22
- 146
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 2.93x
- 3.45x
- Revenue Growth %
- 171.75%
- Operating Profit Growth %
- -50.47%
- Net Profit Growth %
- -96.78%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 0.17
- Book Value (₹)
- 39.40
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 0.39
- Operating Margin %
- 6.70%
- Net Margin %
- 1.35%
- ROE %
- 0.43%
- ROCE %
- 1.27%
- 0.33%
- Debtor Days
- 57
- Inventory Days
- 106
- Payable Days
- 85
- 78
- Debt to Equity (x)
- 0.31x
- Interest Coverage (x)
- 1.34x
- 1.26x
- Revenue Growth %
- -64.31%
- Operating Profit Growth %
- -65.34%
- Net Profit Growth %
- 76.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 0.03
- Book Value (₹)
- 39.34
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 0.26
- Operating Margin %
- 8.59%
- Net Margin %
- 0.29%
- ROE %
- 0.08%
- ROCE %
- 1.28%
- 0.06%
- Debtor Days
- 57
- Inventory Days
- 108
- Payable Days
- 95
- 70
- Debt to Equity (x)
- 0.33x
- Interest Coverage (x)
- 1.17x
- 0.51x
- Revenue Growth %
- -17.68%
- Operating Profit Growth %
- 5.55%
- Net Profit Growth %
- -82.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.12
- Book Value (₹)
- 48.51
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 0.35
- Operating Margin %
- 6.96%
- Net Margin %
- 0.78%
- ROE %
- 0.28%
- ROCE %
- 1.69%
- 0.22%
- Debtor Days
- 104
- Inventory Days
- 74
- Payable Days
- 143
- 34
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 1.27x
- 1.60x
- Revenue Growth %
- 61.81%
- Operating Profit Growth %
- 31.09%
- Net Profit Growth %
- 330.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 0.14
- Book Value (₹)
- 48.55
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 0.44
- Operating Margin %
- 5.54%
- Net Margin %
- 0.66%
- ROE %
- 0.28%
- ROCE %
- 1.51%
- 0.22%
- Debtor Days
- 137
- Inventory Days
- 64
- Payable Days
- 163
- 38
- Debt to Equity (x)
- 0.22x
- Interest Coverage (x)
- 1.27x
- 1.10x
- Revenue Growth %
- 33.89%
- Operating Profit Growth %
- 6.62%
- Net Profit Growth %
- 14.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 0.07
- Book Value (₹)
- 145.74
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 0.32
- Operating Margin %
- 3.78%
- Net Margin %
- 0.56%
- ROE %
- 0.07%
- ROCE %
- 0.47%
- 0.06%
- Debtor Days
- 139
- Inventory Days
- 105
- Payable Days
- 155
- 89
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 1.23x
- 3.77x
- Revenue Growth %
- -29.50%
- Operating Profit Growth %
- -23.28%
- Net Profit Growth %
- -40.22%
- -49.67%
- P/E (x)
- 9657.29x
- P/B (x)
- 4.59x
- Dividend Yield %
- 0.01%
- 871.95x
Mar 2025
- EPS (₹)
- 0.29
- Book Value (₹)
- 145.78
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 0.55
- Operating Margin %
- -8.34%
- Net Margin %
- 6.68%
- ROE %
- 0.20%
- ROCE %
- 0.30%
- 0.18%
- Debtor Days
- 236
- Inventory Days
- 322
- Payable Days
- 378
- 181
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 5.54x
- 2.77x
- Revenue Growth %
- -64.89%
- Operating Profit Growth %
- -0.43%
- Net Profit Growth %
- 316.70%
- 316.88%
- P/E (x)
- 1488.23x
- P/B (x)
- 2.95x
- Dividend Yield %
- 0.02%
- 595.35x
Mar 2026
- EPS (₹)
- 0.88
- Book Value (₹)
- 146.56
- Dividend per Share (₹)
- 0.15
- Cash EPS (₹)
- 1.12
- Operating Margin %
- -11.91%
- Net Margin %
- 12.78%
- ROE %
- 0.60%
- ROCE %
- 0.71%
- 0.55%
- Debtor Days
- 130
- Inventory Days
- 214
- Payable Days
- 120
- 224
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 123.03x
- 2.80x
- Revenue Growth %
- 59.46%
- Operating Profit Growth %
- 84.42%
- Net Profit Growth %
- 204.77%
- 204.74%
- P/E (x)
- 340.75x
- P/B (x)
- 2.05x
- Dividend Yield %
- 0.05%
- 227.14x
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.