Swan Corp
Swan Corp
CommoditiesKey Fundamentals
MicrocapDiversified GroupDiversifiedTapetide Score
Data-driven rating, 0–100. How it works →
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
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 44d agoSwan 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.
- 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
- 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 101d ago- 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.
- 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
| Particulars | 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
| Particulars | 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
| Particulars | 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
| Particulars | 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
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Swan Corp insights
40 extracted metrics + investor summaries across FY15–FY26.
Documents
Frequently Asked Questions about Swan Corp
What does Swan Corp Ltd do?
Where is Swan Corp Ltd (SWANCORP) listed?
Which sector does Swan Corp Ltd belong to?
What is the market capitalisation of Swan Corp Ltd?
What is the PE ratio of Swan Corp Ltd?
What is the 52-week high and low of Swan Corp Ltd?
Does Swan Corp Ltd pay dividends?
What is the Return on Equity (ROE) of Swan Corp Ltd?
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]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/SWANCORP.md for Swan Corp Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.