Swan Energy Ltd

Swan Energy Ltd

₹ 465 -0.31%
10 Jun 12:53 p.m.
About

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]

Key Points

Business Segments
1) Distribution & Development (74% in H1 FY25 vs 21% in FY23): [1] [2] In January 2023, the company completed the acquisition of a majority stake in Veritas India Ltd (VIL) for Rs. 260 Cr. VIL trades and distributes chemicals and petrochemical products used in paint, oil refining, etc. It operates a terminal in Hamriyah, UAE, with a capacity of 1,70,000 MT. [3] [4]

  • Market Cap 14,582 Cr.
  • Current Price 465
  • High / Low 810 / 362
  • Stock P/E 19.3
  • Book Value 234
  • Dividend Yield 0.02 %
  • ROCE 14.3 %
  • ROE 11.1 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 156% CAGR over last 5 years
  • Debtor days have improved from 228 to 99.9 days.

Cons

  • Company has a low return on equity of 7.93% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1,944 Cr.
  • Promoter holding has decreased over last 3 years: -10.1%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
312 260 143 101 933 804 1,223 1,592 1,398 1,142 1,032 1,908 856
288 255 142 115 749 567 966 1,336 1,280 761 912 2,564 842
Operating Profit 24 6 1 -14 184 237 257 256 118 381 120 -656 14
OPM % 8% 2% 1% -13% 20% 30% 21% 16% 8% 33% 12% -34% 2%
-0 2 3 56 4 4 7 63 9 20 31 1,869 24
Interest 55 49 56 56 62 57 58 58 53 53 66 45 23
Depreciation 17 18 18 18 27 27 27 27 34 28 28 61 31
Profit before tax -49 -59 -70 -32 100 157 178 234 40 321 57 1,107 -15
Tax % -15% -17% -17% -51% 38% 8% 7% 6% -40% 16% -17% 49% 45%
-41 -50 -58 -16 62 145 166 220 56 268 67 562 -22
EPS in Rs -0.72 -1.00 -1.21 0.64 0.21 2.80 3.20 4.36 0.85 4.43 1.64 18.59 -0.57
Raw PDF

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
333 314 332 351 347 892 341 320 487 1,438 5,017 4,938
295 284 304 317 312 814 289 252 419 1,207 4,149 5,079
Operating Profit 38 31 28 33 35 78 52 68 68 231 868 -141
OPM % 11% 10% 8% 10% 10% 9% 15% 21% 14% 16% 17% -3%
14 14 7 13 110 19 9 4 7 11 82 1,944
Interest 38 30 24 32 58 54 50 108 189 223 226 186
Depreciation 12 10 11 12 14 14 15 42 70 81 115 147
Profit before tax 3 5 0 3 73 29 -4 -78 -184 -62 609 1,470
Tax % 117% 43% 229% 78% 25% 121% 14% -12% -14% -2% 4% 41%
-0 3 -0 1 55 -6 -5 -69 -158 -61 586 874
EPS in Rs -0.02 0.14 -0.01 0.03 2.24 -0.22 -0.20 -2.81 -5.98 -1.36 9.61 24.10
Dividend Payout % -772% 110% -582% 272% 4% -46% -51% -4% -2% -7% 1% 0%
Compounded Sales Growth
10 Years: 32%
5 Years: 71%
3 Years: 116%
TTM: -2%
Compounded Profit Growth
10 Years: 76%
5 Years: 156%
3 Years: 89%
TTM: 152%
Stock Price CAGR
10 Years: 23%
5 Years: 32%
3 Years: 24%
1 Year: -24%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 8%
Last Year: 11%

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 22 22 22 22 24 24 24 24 26 26 31 31
Reserves 409 408 408 409 907 899 890 850 1,219 2,257 6,248 7,311
565 705 817 821 912 1,077 1,206 3,077 4,117 4,985 3,449 2,802
570 554 538 596 793 1,169 1,368 985 1,035 2,954 2,439 3,459
Total Liabilities 1,565 1,690 1,785 1,848 2,636 3,170 3,489 4,936 6,397 10,223 12,168 13,604
379 373 384 604 577 564 556 2,282 2,238 4,225 4,148 3,734
CWIP 450 509 551 313 617 1,224 1,685 1,927 2,389 3,253 3,657 3,870
Investments 1 1 2 8 324 149 8 1 3 30 134 668
735 807 848 923 1,118 1,233 1,239 726 1,768 2,715 4,229 5,331
Total Assets 1,565 1,690 1,785 1,848 2,636 3,170 3,489 4,936 6,397 10,223 12,168 13,604

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
-159 -110 123 69 62 42 -95 302 29 -235 26 -529
-105 -61 -63 -29 -533 -763 -324 -2,001 -494 -1,116 -512 1,346
256 173 -45 -29 481 707 427 1,760 1,309 598 1,604 -560
Net Cash Flow -9 2 15 12 10 -14 8 62 843 -752 1,118 257

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 72 67 64 96 60 17 58 33 160 445 139 100
Inventory Days 710 812 793 790 861 74 206 293 192 89 21 146
Days Payable 108 85 69 110 384 19 92 67 232 329 19 70
Cash Conversion Cycle 674 793 788 777 536 71 172 259 120 205 142 176
Working Capital Days 423 690 599 228 213 -268 -461 -42 50 283 171 195
ROCE % 4% 3% 2% 3% 3% 3% 2% 1% 0% 2% 8% 14%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
64.09% 64.09% 64.09% 64.09% 64.09% 64.09% 64.09% 53.96% 53.96% 53.96% 53.96% 53.96%
8.59% 8.46% 17.16% 17.13% 17.12% 17.56% 10.47% 11.16% 11.84% 11.79% 10.82% 10.25%
2.89% 2.89% 2.92% 2.92% 2.89% 2.90% 5.82% 14.33% 14.81% 13.65% 13.18% 13.24%
24.43% 24.55% 15.84% 15.85% 15.90% 15.45% 19.61% 20.53% 19.37% 20.58% 22.02% 22.53%
No. of Shareholders 13,99714,41016,22718,76019,49340,01956,45298,55594,7301,23,3211,37,9451,50,875

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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