Swan Corp Limited
NSE: SWANCORP · Petrochemicals · sector
₹235.70NSE close 2026-10-26
Key numbers
Market cap₹7,168 cr
Price₹235.70
52w high / low₹494 / ₹236
P/E35.5xSector median 12.9x
P/B0.9xSector median 1.0x
Book value₹247.8
Dividend yield0.04%Sector median 1.04%
ROE3.0%Sector median 7.2%
ROCE4.0%Sector median 8.6%
OPM-5.6%Sector median 10.5%
Debt / equity0.28xSector median 0.25x
EV/EBITDA–Sector median 6.3x
Interest cover4.2x
Current ratio1.91x
Sales growth 3y+44.9%Sector median -2.2%
Profit growth 3y–Sector median +9.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 13 companies in Petrochemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,395 cr vs borrowings ₹2,103 cr (FY26): borrowings are higher by ₹709 cr.
- Borrowings fell in each of the last 3 years (₹4,765 cr → ₹2,103 cr).
- Operating profit covered interest 4.2x in the last 12 months.
- 40.73% of the promoters' shares are pledged (22.0% of all shares).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY23).
- Net loss in 4 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 334% of net profit in the last 12 months.
- Debtor days went from 139 (FY24) to 188 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹235.70 on 2026-10-26: -52.2% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹764.15 · low ₹235.70
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,032 | 1,908 | 856 | 1,213 | 1,138 | 1,150 | 870 | 1,014 |
| EBITDA | 120 | -656 | 12 | 27 | 5 | 25 | -261 | -4 |
| OPM % | 11.6% | -34.4% | 1.4% | 2.2% | 0.4% | 2.2% | -30.0% | -0.4% |
| Other income | 31 | 1,868 | 26 | 59 | 47 | 27 | 639 | 34 |
| Net profit | 51 | 583 | -18 | 19 | -4 | -10 | 269 | -31 |
| EPS (₹) | 2.28 | 18.72 | -0.75 | 0.84 | -0.19 | -0.04 | 8.02 | -1.15 |
| Revenue YoY | +10.3% | -39.7% | +1.6% | -16.4% | ||||
| Profit YoY | -107.4% | -101.7% | – | -264.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 487 | 1,438 | 5,017 | 4,938 | 4,371 | 4,172 |
| EBITDA | 68 | 231 | 868 | -144 | -204 | -234 |
| Net profit | -87 | -61 | 301 | 755 | 274 | 224 |
| EPS (₹) | -6.46 | -2.52 | 20.57 | 28.83 | 8.65 | 6.64 |
| Revenue growth | +195.2% | +248.9% | -1.6% | -11.5% | -16.7% | |
| Profit growth | – | – | +150.8% | -63.7% | -64.8% | |
| Dividend / share (₹) | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +44.9% | +68.6% | -16.7% |
| Net profit | – | – | -64.8% |
| EPS | – | – | – |
| Share price | – | – (2y) | -42.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,284 | 6,279 | 7,343 | 7,536 |
| Borrowings | – | 4,765 | 3,440 | 2,802 | 2,103 |
| Cash & equivalents | – | 219 | 1,387 | 2,238 | 1,395 |
| Total assets | – | 10,225 | 12,168 | 13,604 | 13,853 |
| Fixed assets | – | 3,826 | 3,760 | 3,228 | 3,281 |
| Capital work in progress | – | 3,253 | 3,657 | 3,870 | 3,997 |
| Investments | – | 13 | 67 | 7 | 260 |
| Receivables | – | 1,786 | 1,915 | 1,352 | 2,246 |
| Inventory | – | 261 | 228 | 1,674 | 1,213 |
| Payables | – | 962 | 203 | 800 | 1,247 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 29 | -491 | 26 | -529 | -14 |
| Cash from investing | -494 | -860 | -512 | 1,346 | 294 |
| Cash from financing | 1,309 | 598 | 1,604 | -560 | -1,034 |
| Capex | 30 | 2,070 | 44 | 472 | 210 |
| Free cash flow | -1 | -2,561 | -18 | -1,001 | -224 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -2.7% | 4.8% | 10.3% | 3.6% |
| ROCE % | – | 2.3% | 8.6% | 16.3% | 4.6% |
| Debtor days | – | 453 | 139 | 100 | 188 |
| Inventory days | – | 89 | 21 | 146 | 103 |
| Payable days | – | 329 | 19 | 70 | 106 |
| Cash conversion cycle (days) | – | 213 | 141 | 176 | 185 |
| Working capital days | – | 80 | 205 | 227 | 218 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 53.96% |
| FIIs | 10.50% |
| DIIs | 12.83% |
| of which Mutual funds | 4.98% |
| of which Insurance | 7.67% |
| Public (non-institutions) | 22.71% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 53.96% | 53.96% | 53.96% | 53.96% | 53.96% | 53.96% | 53.96% | 53.96% |
| Promoter group | % |
|---|---|
| Dave Impex Private Limited | 14.68% |
| Swan Realtors Private Limited | 13.27% |
| Swan Engitech Works Private Limited | 12.25% |
| Dave Leasing and Holdings Private Limited | 2.37% |
| Sahajanand Soaps and Chemicals PVT Ltd | 2.11% |
| Muse Advertising and Media Private Limited | 1.70% |
| Vakratund Plaza Private Limited | 1.69% |
| Dhankalash Tradecomm Private Limited | 1.28% |
| Forceful Vincom Private Limited | 1.28% |
| Banshidhar Traders Private Limited | 1.28% |
| Inderlok Dealcomm Private Limited | 1.28% |
| Swan International Limited | 0.75% |
| Bhavik Nikhil Merchant | 0.01% |
| Vinita Naman Patel | 0.01% |
| Nikhil Vasantlal Merchant | 0.00% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation of India | 5.35% |
| SBI Life Insurance Co. Ltd | 2.17% |
| Quant Mutual Fund - Quant Multi CAP Fund | 2.09% |
| Ares Diversified | 1.67% |
| 2I Capital PCC | 1.42% |
| Quant Mutual Fund - Quant Flexi CAP Fund | 1.35% |
1,37,169 shareholders. Pledged: 40.73% of promoter shares.
Peers in Petrochemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SPLPETRO | ₹13,340 cr | 27.5x | 5.6x | 21.0% | 28.2% | 12.7% | +0.8% | 1.41% |
| SWANCORP | ₹7,168 cr | 35.5x | 0.9x | 3.0% | 4.0% | -5.6% | +44.9% | 0.04% |
| RAIN | ₹6,928 cr | 12.9x | 0.9x | 7.2% | 10.5% | 15.1% | – | – |
| BEPL | ₹2,660 cr | 12.0x | 2.3x | 20.2% | 26.5% | 18.2% | -2.2% | 3.74% |
| MANALIPETC | ₹1,255 cr | 7.0x | 1.0x | 15.9% | 17.1% | 19.8% | -4.7% | 0.69% |
| DCW | ₹1,178 cr | 16.5x | 1.1x | 6.8% | 8.6% | 9.2% | -6.6% | 0.51% |
| TNPETRO | ₹1,013 cr | 7.1x | 1.0x | 14.8% | 14.3% | 11.9% | -12.0% | 1.06% |
| PASUPTAC | ₹630 cr | 6.6x | 1.4x | 23.9% | 25.8% | 13.9% | +6.8% | – |
| AGARIND | ₹471 cr | 11.5x | 0.7x | 6.2% | 7.5% | 7.4% | -6.4% | 1.04% |
| INDIANACRY | ₹68 cr | 3.2x | – | – | -2.0% | 0.0% | -27.0% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Segment - Distribution & Development | ₹3,690 cr | 84.4% | ₹76 cr | 2.1% |
| Segment - Shipyard | ₹282 cr | 6.5% | ₹-214 cr | -75.8% |
| Segment - Textile | ₹207 cr | 4.7% | ₹6 cr | 3.0% |
| Segment - Construction/Others | ₹126 cr | 2.9% | ₹521 cr | 414.3% |
| Segment - Warehousing | ₹66 cr | 1.5% | ₹-3 cr | -5.1% |
| Segment - Energy | ₹0 cr | – | ₹58 cr | – |
| Segment - Manufacturing | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-28 | Dividend | Dividend - Re 0.15 Per Share |
| 2025-09-22 | Dividend | Dividend - Re 0.10 Per Share |
| 2024-09-19 | Dividend | Annual General Meeting/Dividend - Rs 0.10 Per Share |
| 2023-09-21 | Dividend | Annual General Meeting/Dividend - Re 0.10 Per Share |
| 2022-09-20 | Dividend | Annual General Meeting/Dividend - Re 0.1 Per Share |
| 2021-09-07 | Dividend | Annual General Meeting/Dividend - Rs 0.10 Per Share |
| 2020-09-18 | Dividend | Annual General Meeting/Dividend - Rs 0.10 Per Share |
| 2019-09-03 | Dividend | Annual General Meeting/Dividend - Rs 0.10 Per Share |
| 2018-09-03 | Dividend | Annual General Meeting/Dividend- Re 0.10 Per Share |
| 2017-09-13 | Dividend | Annual General Meeting/Dividend - Re 0.075 Per Share |
| 2017-03-17 | Other | Extraordinary General Meeting |
| 2016-09-12 | Dividend | Annual General Meeting/Dividend - Re 0.05 Per Share |
| 2015-09-03 | Dividend | Annual General Meeting/ Dividend - Re 0.15/- Per Share |
| 2014-09-18 | Dividend | Annual General Meeting / Dividend - Re 0.15/- Per Share |
| 2014-02-03 | Split | Face Value Split From Rs 2/- To Re 1/- |
| 2013-09-05 | Dividend | Dividend - Re 0.50/- Per Share |
| 2012-09-10 | Dividend | Annual General Meeting/Dividend Re 0.30 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Construction: Construction
- Spinning, weaving and finishing of textiles: Finishing of Textiles
| Sector | Commodities |
| Industry | Petrochemicals |
| Sub-industry | Petrochemicals |
| Symbol | SWANCORP |
| BSE code | 503310 |
| ISIN | INE665A01038 |
| Face value | ₹1.0 |
| Incorporated | 1909-02-22 |
| Website | www.swan.co.in |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.