Swan Corp Ltd
SWANCORP NSE
Swan Corp Ltd
DiversifiedNSE: SWANCORP BSE: 503310 Diversified Group
Key Fundamentals
MicrocapDiversified GroupDiversifiedMarket Cap
₹9,576 Cr
Volatility
Moderate
P/E Ratio
42.65
EBITDA
₹569 Cr
Return on Equity
2.95%
Debt to Equity
0.28
Book Value
₹229.45
EPS
₹9.61
52W High
₹506
52W Low
₹295.65
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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40 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
6- Company has a low return on equity of -7.39% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged 39.6% of their holding.
- Earnings include an other income of Rs.749 Cr.
- Company has high debtors of 188 days.
- Promoter holding has decreased over last 3 years: -10.1%
Growth Rate
Revenue Growth
-25.28% ↗
Net Income Growth
-68.97% ↗
Cash Flow Change
97.26% ↗
ROE
-69.90% ↗
ROCE
-73.19% ↗
EBITDA Margin (Avg.)
-57.84% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 18d agoAI opinion · based on fundamentals
Risk high
Swan Corp Ltd is a ₹9,651 Cr market cap commodities company trading at a PE of 35.3x with strong long-term profit growth (43% CAGR over 5 years) but persistently low return on equity (1% average over 3 years) and deteriorating working capital metrics. The stock has declined 34% over the past year despite the company reporting 190% TTM profit growth, suggesting market concerns around earnings quality and governance.
Bull Case 7
- Compounded profit growth of 43% CAGR over 5 years demonstrates sustained earnings expansion in the commodities space
- TTM profit growth of 190% indicates a sharp recovery or step-change in profitability in the most recent period
- Company has reduced debt levels, improving balance sheet resilience in a cyclical sector
- 10-year compounded sales CAGR of 29% reflects long-term revenue scaling ability
- Price-to-book ratio of 1.27x is relatively undemanding, suggesting the stock trades close to book value
- 10-year stock CAGR of 17% shows the company has created meaningful long-term shareholder value
- 3-year compounded sales CAGR of 45% indicates strong top-line momentum in recent years
Bear Case 8
- 3-year average ROE of just 1% signals extremely poor capital efficiency despite high reported profit growth
- Promoters have pledged 39.6% of their holding, creating significant governance and margin-call risk
- Earnings include other income of ₹774 Cr, raising serious questions about core operating profit quality
- Promoter holding has decreased by 10.1% over last 3 years, indicating weakening promoter confidence or funding needs
- High debtors at 188 days suggest poor receivable collection and potential revenue recognition concerns
- Working capital days have increased from 105 to 149 days, indicating deteriorating operational efficiency
- TTM sales declined 11% even as profits surged 190%, suggesting earnings are driven by non-operating items rather than business growth
- Stock has fallen 34% over the past year despite reported profit growth, reflecting market skepticism about earnings sustainability
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 75d ago Positives 3
- Q4 profit turnaround May 30
Swan Corp swung to a net profit of ₹2,513.26 lakh in Q4FY26, reversing a loss of ₹223.47 lakh in Q4FY25. Total income from operations rose to ₹1,50,858.39 lakh for the quarter.
- FY26 dividend declared May 29
Board announced a dividend of Re. 0.15 per share for FY26 with record date set for August 28, 2026.
- Full-year profit of ₹2,712.81L May 30
FY26 consolidated net profit after tax stood at ₹2,712.81 lakh on total income of ₹5,14,351.46 lakh, confirming a return to profitability.
Neutral 3
- Whole-Time Director re-appointed May 29
Mr. Sugavanam Padmanabhan re-appointed as Whole-Time Director for three years; internal and cost auditors appointed for FY27.
- Two independent directors added May 19
Ms. Bhagwati Sharma and Mr. Ashish Chhabria appointed as Non-Executive Independent Directors via postal ballot concluded May 19, 2026.
- Board meet for FY26 results May 18
Board meeting scheduled for May 29 to consider audited Q4 and FY26 financials and recommend a final dividend.
TL;DR: Swan Corp delivered a strong turnaround in Q4FY26, flipping from a loss to a net profit of ₹2,513.26 lakh, and declared a modest dividend. No material headwinds emerged in the recent news cycle. Board-level appointments signal governance continuity. The trend is clearly improving, with profitability restored and shareholder returns resuming, though the thin dividend suggests management is conserving capital for operations.
Quarterly Results
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 804 | 1,223 | 1,592 | 1,398 | 1,142 | 1,032 | 1,908 | 856 | 1,213 | 1,138 | 1,150 | 870 | 1,014 |
| Expenses | 567 | 966 | 1,336 | 1,280 | 761 | 912 | 2,564 | 842 | 1,186 | 1,133 | 1,125 | 1,131 | 1,018 |
| Operating Profit | 237 | 257 | 256 | 118 | 381 | 120 | -656 | 14 | 27 | 5 | 25 | -261 | -4 |
| OPM % | 30% | 21% | 16% | 8% | 33% | 12% | -34% | 1.6% | 2.2% | 0.4% | 2.2% | -30% | -0.4% |
| Other Income | 4 | 7 | 63 | 9 | 20 | 31 | 1,869 | 24 | 59 | 47 | 28 | 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 |
| PBT | 157 | 178 | 234 | 40 | 321 | 57 | 1,107 | -15 | 34 | 1 | 4 | 327 | -35 |
| Tax % | 8% | 7% | 6% | -40% | 16% | -17% | 49% | 45% | 20% | 1044% | 129% | 23% | 3% |
| Net Profit | 145 | 166 | 220 | 56 | 268 | 67 | 562 | -22 | 27 | -6 | -1 | 251 | -36 |
| EPS in Rs | 2.8 | 3.2 | 4.36 | 0.85 | 4.43 | 1.64 | 18.59 | -0.57 | 0.61 | -0.12 | -0.31 | 8.57 | -1 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 314 | 332 | 351 | 347 | 892 | 341 | 320 | 487 | 1,438 | 5,017 | 4,938 | 4,371 | 4,172 |
| Expenses | 284 | 304 | 317 | 312 | 814 | 289 | 252 | 419 | 1,207 | 4,149 | 5,079 | 4,575 | 4,406 |
| Operating Profit | 31 | 28 | 33 | 35 | 78 | 52 | 68 | 68 | 231 | 868 | -141 | -204 | -234 |
| OPM % | 10% | 8% | 10% | 10% | 9% | 15% | 21% | 14% | 16% | 17% | -2.9% | -4.7% | -6% |
| Other Income | 14 | 7 | 13 | 110 | 19 | 9 | 4 | 7 | 11 | 82 | 1,944 | 774 | 749 |
| Interest | 30 | 24 | 32 | 58 | 54 | 50 | 108 | 189 | 223 | 226 | 186 | 81 | 93 |
| Depreciation | 10 | 11 | 12 | 14 | 14 | 15 | 42 | 70 | 81 | 115 | 147 | 124 | 124 |
| PBT | 5 | 0 | 3 | 73 | 29 | -4 | -78 | -184 | -62 | 609 | 1,470 | 365 | 296 |
| Tax % | 43% | 229% | 78% | 25% | 121% | 14% | -12% | -14% | -2% | 4% | 41% | 26% | — |
| Net Profit | 3 | 0 | 1 | 55 | -6 | -5 | -69 | -158 | -61 | 586 | 874 | 271 | 208 |
| EPS in Rs | 0.14 | -0.01 | 0.03 | 2.24 | -0.22 | -0.2 | -2.81 | -5.98 | -2.31 | 9.61 | 24.1 | 8.75 | 7.14 |
| Div. Payout % | 110% | -582% | 272% | 4% | -46% | -51% | -4% | -2% | -4% | 1% | 0% | 2% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 24 | 24 | 24 | 24 | 26 | 26 | 31 | 31 | 31 |
| Reserves | 408 | 408 | 409 | 907 | 899 | 890 | 850 | 1,219 | 2,257 | 6,248 | 7,311 | 7,505 |
| Borrowings | 705 | 817 | 821 | 912 | 1,077 | 1,206 | 3,077 | 4,117 | 4,985 | 3,449 | 2,823 | 2,130 |
| Other Liabilities | 554 | 538 | 596 | 793 | 1,169 | 1,368 | 985 | 1,035 | 2,956 | 2,439 | 3,437 | 4,187 |
| Total Liabilities | 1,690 | 1,785 | 1,848 | 2,636 | 3,170 | 3,489 | 4,936 | 6,397 | 10,225 | 12,168 | 13,604 | 13,853 |
| Fixed Assets | 373 | 384 | 604 | 577 | 564 | 556 | 2,282 | 2,238 | 4,225 | 4,148 | 3,734 | 3,806 |
| CWIP | 509 | 551 | 313 | 617 | 1,224 | 1,685 | 1,927 | 2,389 | 3,253 | 3,657 | 3,870 | 3,997 |
| Investments | 1 | 2 | 8 | 324 | 149 | 8 | 1 | 3 | 30 | 134 | 668 | 833 |
| Other Assets | 807 | 848 | 923 | 1,118 | 1,233 | 1,239 | 726 | 1,768 | 2,717 | 4,229 | 5,331 | 5,218 |
| Total Assets | 1,690 | 1,785 | 1,848 | 2,636 | 3,170 | 3,489 | 4,936 | 6,397 | 10,225 | 12,168 | 13,604 | 13,853 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -110 | 123 | 69 | 62 | 42 | -95 | 302 | 29 | -491 | 26 | -529 | -14 |
| Investing | -61 | -63 | -29 | -533 | -763 | -324 | -2,001 | -494 | -860 | -512 | 1,346 | 294 |
| Financing | 173 | -45 | -29 | 481 | 707 | 427 | 1,760 | 1,309 | 598 | 1,604 | -560 | -1,034 |
| Net Cash Flow | 2 | 15 | 12 | 10 | -14 | 8 | 62 | 843 | -752 | 1,118 | 257 | -754 |
| Free Cash Flow | -173 | 60 | 73 | -158 | -566 | -563 | -1,709 | -462 | -3,424 | -421 | 1,311 | -221 |
| CFO/OP | -351 | 443 | 209 | 185 | 71 | -172 | 444 | 52 | -213 | 4 | 366 | -37 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 67 | 64 | 96 | 60 | 17 | 58 | 33 | 160 | 453 | 139 | 100 | 188 |
| Inventory Days | 812 | 793 | 790 | 861 | 74 | 206 | 293 | 192 | 89 | 21 | 146 | 103 |
| Days Payable | 85 | 69 | 110 | 384 | 19 | 92 | 67 | 232 | 329 | 19 | 70 | 106 |
| Cash Conversion Cycle | 793 | 788 | 777 | 536 | 71 | 172 | 259 | 120 | 213 | 142 | 176 | 185 |
| Working Capital Days | 316 | 188 | 239 | 229 | -220 | -428 | -1,237 | -365 | 24 | 104 | 62 | 101 |
| ROCE % | 3% | 2% | 3% | 3% | 3% | 2% | 1% | 0% | 2% | 8% | -1% | -1% |
Documents
1
Non-Applicability Of Disclosure Of Large Entity/Large Corporate For The Financial Year Ended March 2026.
30 Apr - Swan Corp says Large Corporate disclosure framework is not applicable. 30 Apr - Swan Corp says Large Corporate disclosure framework is not applicable.
2
Non-Applicability Of Disclosure Of Large Entity/Large Corporate For The Financial Year Ended March 2026.
30 Apr - Swan Corp says Large Corporate disclosure framework is not applicable. 30 Apr - Swan Corp says Large Corporate disclosure framework is not applicable.
4
Clarification On Significant Increase In The Volume
17 Apr - Company clarifies volume spike, stating all disclosures were already made. 17 Apr - Company clarifies volume spike, stating all disclosures were already made.
5
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
16 Apr - Postal ballot for appointing Bhagwati Sharma and Ashish Chhabria as independent directors; e-voting closes 19 May 2026. 16 Apr - Postal ballot for appointing Bhagwati Sharma and Ashish Chhabria as independent directors; e-voting closes 19 May 2026.
Frequently Asked Questions about Swan Corp Ltd
What does Swan Corp Ltd do?
Swan Energy Limited (SEL) was originally incorporated in 1909 as Swan Mills Ltd. (SML), a manufacturer and marketer of cotton and polyester textile products in India. Over the years, it diversified into Real estate and is developing a Floating Storage and Regasification Units -based liquid natura...
Where is Swan Corp Ltd (SWANCORP) listed?
Swan Corp Ltd is listed on the Indian stock exchanges. It is listed on NSE: SWANCORP and BSE: 503310. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Swan Corp Ltd belong to?
Swan Corp Ltd operates in the Diversified sector within the Diversified Group industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Swan Corp Ltd?
Swan Corp Ltd has a market capitalisation of approximately ₹9576.11 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Swan Corp Ltd?
The Price-to-Earnings (PE) ratio of Swan Corp Ltd is 42.65. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Swan Corp Ltd?
Over the past 52 weeks, Swan Corp Ltd has traded between a low of ₹295.65 and a high of ₹506. This range helps investors understand the stock's price volatility and recent trading levels.
Does Swan Corp Ltd pay dividends?
Yes, Swan Corp Ltd has a dividend yield of 0.05%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Swan Corp Ltd?
Swan Corp Ltd has a Return on Equity (ROE) of 2.95%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Swan Corp Ltd on Tapetide?
On Tapetide, you can view Swan Corp Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Swan Energy Limited (SEL) was originally incorporated in 1909 as Swan Mills Ltd. (SML), a manufacturer and marketer of cotton and polyester textile products in India. Over the years, it diversified into Real estate and is developing a Floating Storage and Regasification Units -based liquid natural gas (LNG) import terminal at Jafrabad in Gujarat.[1][2]