---
title: "Swastika Infra (SWASTIKAIN) Share Price, Financials & Research"
symbol: "SWASTIKAIN"
company: "Swastika Infra Ltd"
canonical: "https://tapetide.com/stocks/SWASTIKAIN"
isin: "INE1QJA01015"
nse_symbol: "SWASTIKAIN"
bse_code: "544949"
sector: "Industrials"
industry: "Construction"
generated_at: "2026-11-05T01:36:02.242Z"
---

# Swastika Infra (SWASTIKAIN)

Canonical page: https://tapetide.com/stocks/SWASTIKAIN

## Key Facts

- **Price:** ₹198.65 as of 4 Nov 2026, 15:29 IST
- **P/E (TTM):** 11.55 as of 4 Nov 2026
- **Revenue, Sep 2026 quarter:** ₹147.9 Cr, against ₹104.3 Cr in Sep 2025 (+41.80% year on year)
- **Net profit, Sep 2026 quarter:** ₹16 Cr, against ₹9 Cr in Sep 2025
- **Promoter holding:** 57.41% in Sep 2026, a change of -26.59 percentage points from Mar 2025

## Company

- **NSE symbol:** SWASTIKAIN
- **BSE code:** 544949
- **ISIN:** INE1QJA01015
- **Macro sector:** Industrials
- **Sector:** Industrials
- **Industry:** Construction
- **Basic industry:** Civil Construction
- **In the F&O segment:** No

## Latest Price

- **Price:** ₹198.65
- **Change:** No trade today
- **Previous Close:** ₹198.65
- **As of:** 4 Nov 2026, 15:29 IST

## Key Fundamentals

Price-based figures as of 4 Nov 2026, 15:29 IST · TTM.

- **ROCE:** 31.40%
- **Debt to Equity:** 0.51
- **EPS (TTM):** ₹17.20
- **Book Value:** ₹85.04
- **P/E (TTM):** 11.55
- **P/B:** 2.34
- **ROE:** 35.40%
- **Dividend Yield:** 0.00%
- **EBITDA:** ₹72.90 Cr
- **52W High:** ₹254.70
- **52W Low:** ₹187.99

## Peer Comparison

Classification: Industrials › Construction › Civil Construction

| Company | Price | P/E | Market Cap | P/B | Div Yield | ROE | ROCE | Sales TTM | Net Profit TTM |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| [Larsen & Toubro Ltd (LT)](https://tapetide.com/stocks/LT) | ₹3,944.40 | 30.37 | ₹5,47,193 Cr | 4.80 | 0.96% | 15.90% | 14.60% | ₹3,00,904 Cr | ₹20,895 Cr |
| [Rail Vikas Nigam Ltd (RVNL)](https://tapetide.com/stocks/RVNL) | ₹191.23 | 44.37 | ₹39,292 Cr | 4.06 | 0.93% | 9.02% | 10.80% | ₹20,825 Cr | ₹897 Cr |
| [Cemindia Projects Ltd (CEMPRO)](https://tapetide.com/stocks/CEMPRO) | ₹1,310.10 | 37.40 | ₹23,549 Cr | 6.36 | 0.24% | 27.80% | 32.80% | ₹10,205 Cr | ₹602 Cr |
| [Kalpataru Projects International Ltd (KPIL)](https://tapetide.com/stocks/KPIL) | ₹1,366.10 | 20.52 | ₹22,726 Cr | 3.00 | 0.83% | 13.70% | 18.30% | ₹27,380 Cr | ₹1,129 Cr |
| [NBCC (India) Ltd (NBCC)](https://tapetide.com/stocks/NBCC) | ₹77.74 | 28.37 | ₹20,666 Cr | 6.95 | 0.20% | 20.40% | 29.30% | ₹12,756 Cr | ₹766 Cr |
| [IRB Infrastructure Developers Ltd (IRB)](https://tapetide.com/stocks/IRB) | ₹16.79 | 21.25 | ₹19,929 Cr | 0.94 | 0.31% | 4.29% | 7.47% | ₹7,686 Cr | ₹954 Cr |
| [Engineers India Ltd (ENGINERSIN)](https://tapetide.com/stocks/ENGINERSIN) | ₹300.85 | 21.55 | ₹16,653 Cr | 5.06 | 0.52% | 23.40% | 30.40% | ₹3,878 Cr | ₹784 Cr |
| [Swastika Infra Ltd (SWASTIKAIN)](https://tapetide.com/stocks/SWASTIKAIN) (this company) | ₹198.65 | 11.55 | ₹664 Cr | 2.34 | 0.00% | 35.40% | 31.40% | ₹516 Cr | ₹47 Cr |
| Median of 8 companies | ₹249.75 | 24.96 | ₹21,696 Cr | 4.43 | 0.42% | 18.15% | 23.80% | ₹11,481 Cr | ₹841 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.

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 37.0%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.273 Cr.
- Working capital days have increased from 48.9 days to 78.3 days

## Technical Indicators

As of 4 Nov 2026.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Bearish | 5 | 12 | 2 |
| Oscillators | Bullish | 1 | 6 | 2 |
| Moving Averages | Bearish | 4 | 6 | 0 |

### Oscillators: Bullish

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 46.76 | Neutral |
| MACD (12,26,9) | — | Neutral |
| Stochastic (14,3,3) | 14.11 | Bullish |
| ADX (14) | — | Neutral |
| Williams %R (14) | -84.02 | Bullish |
| ATR (14) | 13.81 | Neutral |
| ROC (12) | -15.24 | Bearish |
| Stoch RSI (14) | — | Neutral |
| UO (7,14,28) | — | Neutral |

### Moving Averages: Bearish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 198.87 | Bearish |
| EMA (10) | 201.96 | Bearish |
| SMA (20) | 210.39 | Bearish |
| EMA (20) | 207.62 | Bearish |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 208.76 | 204.88 | 200.58 |
| R2 | 204.88 | 202.21 | 199.93 |
| R1 | 201.76 | 200.55 | 199.29 |
| PP | 197.88 | 197.88 | 197.88 |
| S1 | 194.76 | 195.21 | 198.01 |
| S2 | 190.88 | 193.55 | 197.37 |
| S3 | 187.76 | 190.88 | 196.73 |

## Growth Rate

Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure.

| Metric | Window | Growth | What it compares |
| --- | --- | ---: | --- |
| Revenue | 3Y | 48.69% | compounded annual rate, Mar 2023 to Mar 2026 |
| Revenue | 1Y | 43.3% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Net profit | 3Y | 60.05% | compounded annual rate, Mar 2023 to Mar 2026 |
| Net profit | 1Y | 51.85% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating cash flow | 3Y | Turned negative | compounded annual rate, Mar 2023 to Mar 2026: ₹27.00 Cr to -₹10.00 Cr. A cash inflow at the start and an outflow at the end. |
| Operating cash flow | 1Y | Outflow narrowed | fiscal year to Mar 2026 vs the year to Mar 2025: -₹77.00 Cr to -₹10.00 Cr. A cash outflow at the start, and a smaller one or none at the end. |
| Operating margin | 3Y | +1.70 pp | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating margin | 1Y | +1.58 pp | fiscal year to Mar 2026 vs the year to Mar 2025 |

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

## Financial Statements

### Quarterly Results

Figures in ₹ crore unless the row name gives another unit.

| Item | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Sales | 92 | 104 | 193 | 59 | 148 |
| Expenses | 81 | 88 | 166 | 50 | 121 |
| Operating Profit | 11 | 16 | 27 | 9 | 26 |
| OPM % | 12% | 15% | 14% | 15% | 18% |
| Other Income | 1 | 1 | 0 | 1 | 1 |
| Interest | 4 | 4 | 4 | 4 | 5 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 8 | 12 | 23 | 5 | 22 |
| Tax % | 25% | 25% | 25% | 27% | 25% |
| Net Profit | 6 | 9 | 17 | 4 | 16 |
| EPS in Rs | 2.31 | 3.35 | 6.31 | 1.32 | 4.8 |

### Profit & Loss

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Sales | 59 | 153 | 210 | 351 | 503 |
| Expenses | 52 | 135 | 186 | 307 | 432 |
| Operating Profit | 7 | 19 | 23 | 44 | 71 |
| OPM % | 12% | 12% | 11% | 13% | 14% |
| Other Income | 1 | 1 | 2 | 2 | 2 |
| Interest | 3 | 5 | 6 | 8 | 17 |
| Depreciation | 0 | 1 | 0 | 1 | 1 |
| Profit before tax | 4 | 14 | 18 | 37 | 55 |
| Tax % | 31% | 26% | 26% | 26% | 25% |
| Net Profit | 3 | 10 | 14 | 27 | 41 |
| EPS in Rs | 1.48 | 4.14 | 5.52 | 11.09 | 15.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |

### Balance Sheet

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Equity Capital | 20 | 25 | 25 | 25 | 27 | 34 |
| Reserves | 1 | 11 | 25 | 52 | 130 | 256 |
| Borrowings | 36 | 23 | 44 | 111 | 115 | 147 |
| Other Liabilities | 25 | 40 | 49 | 71 | 141 | 145 |
| Total Liabilities | 82 | 98 | 143 | 259 | 412 | 582 |
| Fixed Assets | 2 | 2 | 2 | 2 | 7 | 7 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 80 | 96 | 140 | 256 | 405 | 575 |
| Total Assets | 82 | 98 | 143 | 259 | 412 | 582 |

### Cash Flow

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | -3 | 27 | -5 | -77 | -10 |
| Cash from Investing Activity | -2 | -3 | -20 | 14 | -16 |
| Cash from Financing Activity | 5 | -13 | 15 | 61 | 27 |
| Net Cash Flow | 0 | 12 | -10 | -2 | 1 |
| Free Cash Flow | -4 | 27 | -3 | -77 | -15 |
| CFO/EBITDA | -29 | 167 | -2 | -152 | 6 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Debtor Days | 273 | 58 | 55 | 74 | 83 |
| Inventory Days | 112 | 31 | 19 | — | — |
| Days Payable | 148 | 77 | 60 | — | — |
| Cash Conversion Cycle | 236 | 12 | 14 | 74 | 83 |
| Working Capital Days | 52 | 18 | 15 | 53 | 78 |
| ROCE % | — | 33% | 32% | 32% | 31% |

## Shareholding Pattern

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Mar 2025 | Sep 2026 |
| --- | ---: | ---: |
| Promoters | 84.00% | 57.41% |
| FIIs | 0.00% | 6.04% |
| DIIs | 0.00% | 6.20% |
| Government | 0.00% | 0.00% |
| Public | 0.00% | 30.36% |
| Others | 16.00% | n/m |
| No. of Shareholders | 7 | 38,866 |

n/m: 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

### Concalls

| Month | Call documents |
| --- | --- |
| Oct 2026 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3ab19ff-e139-4973-a0e2-d9634ba8ce64.pdf), [Recording](https://swastikainfra.com/audio/10048010.mp3) |

### Results

| Date | Document |
| --- | --- |
| 21 Oct 2026 | [Disclosure Pursuant To Regulation 33 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=282ba862-e506-422a-9ecf-68bf81a9fd27.pdf) |
| 21 Oct 2026 | [Disclosure Pursuant To Regulation 33 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a2034409-9da7-48c5-bff0-74c4d2782215.pdf) |

### Credit ratings

| Date | Document |
| --- | --- |
| 12 Oct 2026 | [Credit rating update — CRISIL](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/SwastikaInfraLimited_October%2012_%202026_RR_407275.html) |
| 2 Apr 2026 | [Credit rating update — CRISIL](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/SwastikaInfraLimited_April%2002_%202026_RR_392957.html) |
| 5 Aug 2025 | [Credit rating update — CRISIL](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/SwastikaInfraLimited_August%2005_%202025_RR_369180.html) |

### Exchange filings

Latest 12 of 16.

| Date | Document | Category |
| --- | --- | --- |
| 27 Oct 2026 | [Transcript Of The Conference Call For Un-Audited Financial Results For The Half Year Ended September 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3824610d-b220-4a8f-a6e5-265a8f92d90c.pdf) | General announcements |
| 23 Oct 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=93d74264-9846-4c0a-a6ae-910fdfad98b4.pdf) | General announcements |
| 22 Oct 2026 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f556592b-bc9a-43e1-8635-c940c524689b.pdf) | General announcements |
| 22 Oct 2026 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0f27935a-3890-4149-a776-b3fb5da6423c.pdf) | General announcements |
| 21 Oct 2026 | [Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Of Swastika Infra Limited Held On Wednesday 21St October 2026 .](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=06d79228-3c53-4b57-b495-1705743cbdc1.pdf) | Outcome |
| 21 Oct 2026 | [Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=325b76a5-4202-45ed-b5a0-f052a0eed10b.pdf) | — |
| 19 Oct 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d212154c-1536-4d08-8121-f0b0b950de1c.pdf) | General announcements |
| 15 Oct 2026 | [Board Meeting Intimation for Intimation Of Board Meeting Pursuant To Regulation 29 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 ("Listing Regulations")](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5739321e-3e8c-44ec-bb85-6998190c421a.pdf) | Intimation |
| 15 Oct 2026 | [Update on board meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40ee30a4-edcf-424b-bc75-013be787b474.pdf) | Intimation |
| 15 Oct 2026 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=90ddd3a0-e709-428f-a474-099aeb053349.pdf) | General announcements |
| 15 Oct 2026 | [Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Intimation Of Conference Call](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e9df04e-46fa-4098-ac3c-0bbd65123e8e.pdf) | General announcements |
| 7 Oct 2026 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=52842187-cafe-4487-a4cd-4d99fd3bbdc6.pdf) | General announcements |

## Frequently Asked Questions about Swastika Infra

### Where is Swastika Infra Ltd (SWASTIKAIN) listed?

Swastika Infra Ltd trades as SWASTIKAIN on the NSE and under code 544949 on the BSE.

### Which sector does Swastika Infra Ltd belong to?

Swastika Infra Ltd is classified under the Industrials sector, in the Construction industry.

### What is the PE ratio of Swastika Infra Ltd?

Swastika Infra Ltd trades at a PE ratio of 11.55 as of 4 Nov 2026, on earnings per share of ₹17.2, against a book value of ₹85.04 per share.

### What is the 52-week high and low of Swastika Infra Ltd?

Over the last 52 weeks Swastika Infra Ltd has traded between ₹187.99 and ₹254.7 as of 4 Nov 2026.

### What is the Return on Equity (ROE) of Swastika Infra Ltd?

Swastika Infra Ltd reported a return on equity of 35.40%. Its debt-to-equity ratio is 0.51.

## Company Information

- **Listed:** 30 Sep 2026
- **Face Value:** ₹10

---

Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:06 IST.