Swan Defence and Heavy Industries Ltd
Incorporated in 1997, Swan Defence and Heavy Industries Ltd is engaged in the construction of vessels, repairs, and refits of ships and rigs and heavy engineering[1]
- Market Cap ₹ 1,265 Cr.
- Current Price ₹ 240
- High / Low ₹ 240 / 36.0
- Stock P/E
- Book Value ₹ 56.1
- Dividend Yield 0.00 %
- ROCE -5.76 %
- ROE -46.4 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 4.28 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -37.8% over past five years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,534 | 912 | 312 | 563 | 378 | 180 | 75 | 6 | 6 | 3 | 0 | 7 | |
1,907 | 830 | 459 | 529 | 557 | 266 | 253 | 30 | 33 | 36 | 29 | 115 | |
Operating Profit | 626 | 81 | -147 | 34 | -179 | -86 | -178 | -24 | -27 | -33 | -29 | -108 |
OPM % | 25% | 9% | -47% | 6% | -47% | -48% | -235% | -376% | -421% | -1,039% | -1,536% | |
38 | 31 | 34 | 39 | -84 | -9,011 | -42 | -1,298 | 13 | 19,508 | 2 | 8 | |
Interest | 477 | 487 | 537 | 626 | 754 | 1,368 | 1,469 | 2,032 | 1,999 | 1,470 | 26 | 21 |
Depreciation | 166 | 204 | 221 | 208 | 208 | 70 | 72 | 74 | 74 | 68 | 68 | 61 |
Profit before tax | 21 | -578 | -871 | -760 | -1,224 | -10,536 | -1,761 | -3,427 | -2,086 | 17,937 | -121 | -182 |
Tax % | 87% | -36% | -32% | -24% | -17% | 4% | 0% | 0% | 0% | 0% | 0% | 0% |
3 | -371 | -592 | -577 | -1,012 | -10,927 | -1,761 | -3,427 | -2,086 | 17,937 | -121 | -182 | |
EPS in Rs | 0.04 | -5.03 | -8.05 | -7.84 | -13.72 | -148.14 | -23.87 | -46.46 | -28.28 | 243.19 | -22.89 | -34.45 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -39% |
5 Years: | -38% |
3 Years: | 4% |
TTM: | % |
Compounded Profit Growth | |
---|---|
10 Years: | 4% |
5 Years: | 14% |
3 Years: | 24% |
TTM: | -49% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 137% |
3 Years: | 322% |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | -46% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 736 | 736 | 736 | 736 | 738 | 738 | 738 | 738 | 738 | 3 | 3 | 53 |
Reserves | 1,607 | 1,880 | 1,289 | 711 | -294 | -11,159 | -12,915 | -16,042 | -18,127 | 545 | 474 | 243 |
5,527 | 6,893 | 8,306 | 9,456 | 10,689 | 11,780 | 12,918 | 15,433 | 15,436 | 2,148 | 2,219 | 2,505 | |
2,210 | 1,918 | 1,491 | 1,519 | 1,862 | 2,788 | 4,007 | 3,678 | 5,697 | 91 | 48 | 91 | |
Total Liabilities | 10,080 | 11,427 | 11,821 | 12,422 | 12,994 | 4,146 | 4,747 | 3,807 | 3,743 | 2,785 | 2,743 | 2,892 |
2,865 | 6,060 | 5,861 | 5,654 | 5,547 | 2,022 | 1,973 | 1,406 | 1,332 | 1,232 | 1,168 | 1,180 | |
CWIP | 3,218 | 3,519 | 3,884 | 4,268 | 4,692 | 103 | 37 | 37 | 37 | 37 | 43 | 155 |
Investments | 2 | 302 | 302 | 315 | 303 | 303 | 303 | 3 | 4 | 4 | 5 | 5 |
3,995 | 1,546 | 1,774 | 2,184 | 2,453 | 1,718 | 2,435 | 2,361 | 2,370 | 1,512 | 1,528 | 1,551 | |
Total Assets | 10,080 | 11,427 | 11,821 | 12,422 | 12,994 | 4,146 | 4,747 | 3,807 | 3,743 | 2,785 | 2,743 | 2,892 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
742 | 432 | -598 | -318 | -224 | -113 | -1,183 | 710 | 2,007 | 1,428 | -70 | -97 | |
-824 | -1,069 | -25 | -122 | -15 | -16 | 49 | -1 | 2 | 12 | -11 | -162 | |
83 | 617 | 644 | 429 | 280 | 102 | 1,099 | -707 | -1,999 | -1,460 | 91 | 269 | |
Net Cash Flow | 0 | -20 | 20 | -10 | 41 | -27 | -35 | 1 | 11 | -20 | 10 | 10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 201 | 18 | 13 | 2 | 14 | 11 | 14 | 149 | 47 | 0 | 24 | |
Inventory Days | 85 | 405 | 3,982 | 892 | 657 | 1,466 | 7,331 | 692,279 | 1,972,614 | 1,899,893 | 165,503 | |
Days Payable | 116 | 399 | 1,770 | 313 | 274 | 673 | 4,512 | 112,894 | 109,865 | 49,762 | 6,677 | |
Cash Conversion Cycle | 170 | 24 | 2,225 | 582 | 396 | 805 | 2,833 | 149 | 579,431 | 1,862,749 | 158,850 | |
Working Capital Days | 19 | -326 | -758 | -348 | -5,284 | -13,573 | -34,358 | -803,434 | -917,525 | 151,624 | 70,395 | |
ROCE % | 7% | -1% | -3% | -1% | -3% | -2% | -22% | -17% | -26% | -4% | -6% |
Documents
Announcements
- Closure of Trading Window 26 Jun
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
23 Jun - Company Secretary Vishant Shetty resigned effective June 22, 2025, as per SEBI disclosure.
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Rumour verification - Regulation 30(11)
3 Jun - Company exploring options to meet minimum public shareholding; no decisions made yet.
-
Clarification sought from Swan Defence And Heavy Industries Ltd
2 Jun - Exchange has sought clarification from Swan Defence And Heavy Industries Ltd with reference to the media report appearing on https:// www.moneycontrol.com dated June 02, 2025 …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Annual Secretarial Compliance Report detailing past non-compliances, fines, and remedial actions post-CIRP for FY 2025.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Operational Overview:[1]
a) Expansive Infrastructure:
The company boasts one of the world’s largest shipbuilding infrastructures, featuring a 662 x 65 m dry dock with a capacity of 4 lakh DWT. This dry dock can be split into multiple slots, allowing the simultaneous construction and delivery of several vessels.