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Swan Corp

SWANCORP NSE
₹244.59 +1.85 (+0.76%)
P/E
Not meaningful: last twelve months’ earnings are mostly a one-off item
View as Markdown
MCP
Close 4 Nov 2026 ₹244.59 −191.06 −43.9% 1Y
Start ₹435.65

Key Fundamentals

MicrocapDiversified

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
−0.58%
Debt to Equity
0.28
EPS (TTM)
₹7.14
Book Value
₹229.45
Market Cap
—
P/E (TTM)
Not meaningful: last twelve months’ earnings are mostly a one-off item
P/B
1.07
ROE
−4.50%
Dividend Yield
0.06%
EBITDA
₹569 Cr
52W High
₹493.60
52W Low
₹221.85
Day Range
₹240.05 – ₹245.31
Volume
3,40,891

Peer Comparison

Commodities › Diversified › Diversified Group › Petrochemicals

Swan Corp peer comparison
Supreme Petrochem
₹695.7027.10₹13,137 Cr5.120.36%14.10%18.80%₹5,645 Cr₹482 Cr
Swan Corp (this company)
₹244.59—₹7,604 Cr1.070.06%−4.50%−0.58%₹4,172 Cr₹208 Cr
Rain Industries
₹183.9711.52₹6,028 Cr0.770.55%0.60%8.26%₹18,464 Cr₹667 Cr
Bhansali Engineering Polymers
₹110.2613.71₹2,612 Cr2.361.89%17.30%23.80%₹1,440 Cr₹200 Cr
DCW
₹46.3119.14₹1,330 Cr1.220.66%4.74%9.89%₹2,210 Cr₹72 Cr
Manali Petrochemicals
₹72.966.97₹1,221 Cr0.980.71%4.38%7.25%₹1,062 Cr₹179 Cr
Tamilnadu Petroproducts
₹119.777.57₹1,091 Cr0.941.26%9.20%10.90%₹1,783 Cr₹142 Cr
Median 7 companies₹119.7712.62₹2,612 Cr1.070.66%4.74%9.89%₹2,210 Cr₹200 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

28 Poor

Data confidence 100/100

pledge:41%

Category scores

Quality
12
Poor
Returns, margins, earnings quality 22% weight
Valuation
37
Weak
Cheap vs sector & own history 24% weight
Growth
13
Poor
Sales & profit trajectory 9% weight
Financial Health
37
Poor
Solvency, leverage, coverage 9% weight
Momentum
9
Poor
Trend strength, vol-adjusted 12% weight
Ownership
57
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has reduced debt.
  • Stock is trading at 1.09 times its book value

Weaknesses

7
  • Company has a low return on equity of -7.39% over last 3 years.
  • Contingent liabilities of Rs.2,470 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 40.7% 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%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsNeutral252
Moving AveragesStrong Bearish802

Key readings

RSI (14)
41.35
Neutral
MACD (12,26,9)
−11.29
Bullish
SMA (50)
274.29
Bearish
SMA (200)
325.40
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+29.40%
5Y+68.69%
3Y+44.86%
1Y−11.48%
TTM−16.71%

Net profit

Net profit growth by window
10YZero base
5YTurned to profit
3YTurned to profit
1Y−68.99%
TTM−67.19%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YTurned negative
3YOutflow narrowed by ₹477 Cr
1YOutflow narrowed by ₹515 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−13.10 pp
5Y−25.92 pp
3Y−20.73 pp
1Y−1.81 pp
TTM+4.25 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹351 Cr
Mar 2018₹347 Cr
Mar 2019₹892 Cr
Mar 2020₹341 Cr
Mar 2021₹320 Cr
Mar 2022₹487 Cr
Mar 2023₹1,438 Cr
Mar 2024₹5,017 Cr
Mar 2025₹4,938 Cr
Mar 2026₹4,371 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1.00 Cr
Mar 2018₹55.00 Cr
Mar 2019−₹6.00 Cr
Mar 2020−₹5.00 Cr
Mar 2021−₹69.00 Cr
Mar 2022−₹158 Cr
Mar 2023−₹61.00 Cr
Mar 2024₹586 Cr
Mar 2025₹874 Cr
Mar 2026₹271 Cr

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI 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

153d ago

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.

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.

Quarterly Results

₹ Cr
SWANCORP quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
1,868
24
59
47
27.48
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 (₹)
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

₹ Cr
SWANCORP profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
272%
4%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
1%
0%
2%
—

Balance Sheet

₹ Cr
SWANCORP balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
SWANCORP cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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/EBITDA
−351
443
209
185
71
−172
444
52
−213
4
366
−37

Ratios

SWANCORP financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Swan Corp insights

65 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 53.96%
  • Public 13.72%
  • DIIs 12.83%
  • FIIs 10.50%
  • Others 8.99%

40.73% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Concall · Mar 2025
    PPT
  • Concall · Feb 2024
    PPT
  • Concall · Jan 2024
    PPT

Frequently Asked Questions about Swan Corp

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.
Where is Swan Corp Ltd (SWANCORP) listed?
Swan Corp Ltd trades as SWANCORP on the NSE and under code 503310 on the BSE.
Which sector does Swan Corp Ltd belong to?
Swan Corp Ltd is classified under the Diversified sector, in the Diversified Group industry.
What is the 52-week high and low of Swan Corp Ltd?
Over the last 52 weeks Swan Corp Ltd has traded between ₹221.85 and ₹493.6 as of 4 Nov 2026.
Does Swan Corp Ltd pay dividends?
Swan Corp Ltd has a dividend yield of 0.06%.
What is the Return on Equity (ROE) of Swan Corp Ltd?
Swan Corp Ltd reported a return on equity of -4.50%. Its debt-to-equity ratio is 0.28.

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.

Website swan.co.in
Listed 29 May 2012
Face Value ₹1

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