Swan Energy Ltd
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]
- Market Cap ₹ 5,398 Cr.
- Current Price ₹ 205
- High / Low ₹ 337 / 112
- Stock P/E
- Book Value ₹ 47.2
- Dividend Yield 0.05 %
- ROCE 0.11 %
- ROE -8.25 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 4.33 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.80% over past five years.
- Company has a low return on equity of -5.67% for last 3 years.
- Contingent liabilities of Rs.2,247 Cr.
- Company might be capitalizing the interest cost
- Company has high debtors of 160 days.
* 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.
Peer comparison
Sector: Textiles Industry: Textiles - Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
139 | 279 | 333 | 314 | 332 | 351 | 347 | 892 | 341 | 320 | 487 | 701 | |
98 | 235 | 295 | 284 | 304 | 317 | 312 | 814 | 289 | 252 | 419 | 635 | |
Operating Profit | 40 | 43 | 38 | 31 | 28 | 33 | 35 | 78 | 52 | 68 | 68 | 66 |
OPM % | 29% | 16% | 11% | 10% | 8% | 10% | 10% | 9% | 15% | 21% | 14% | 9% |
11 | 12 | 14 | 14 | 7 | 13 | 110 | 19 | 9 | 4 | 7 | 7 | |
Interest | 9 | 20 | 38 | 30 | 24 | 32 | 58 | 54 | 50 | 108 | 189 | 199 |
Depreciation | 4 | 6 | 12 | 10 | 11 | 12 | 14 | 14 | 15 | 42 | 70 | 71 |
Profit before tax | 38 | 29 | 3 | 5 | 0 | 3 | 73 | 29 | -4 | -78 | -184 | -197 |
Tax % | 30% | 36% | 117% | 43% | 229% | 78% | 25% | 121% | -14% | 12% | 14% | |
Net Profit | 26 | 19 | -0 | 3 | -0 | 1 | 55 | -5 | -5 | -69 | -87 | -92 |
EPS in Rs | 1.39 | 0.98 | -0.02 | 0.14 | -0.01 | 0.03 | 2.24 | -0.22 | -0.20 | -2.81 | -3.31 | -3.61 |
Dividend Payout % | 11% | 26% | -772% | 110% | -582% | 272% | 4% | -46% | -51% | -4% | -3% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 7% |
3 Years: | -18% |
TTM: | 108% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -56% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 27% |
1 Year: | 59% |
Return on Equity | |
---|---|
10 Years: | -3% |
5 Years: | -4% |
3 Years: | -6% |
Last Year: | -8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
19 | 19 | 22 | 22 | 22 | 22 | 24 | 24 | 24 | 24 | 26 | |
Reserves | 169 | 182 | 409 | 408 | 408 | 409 | 907 | 899 | 890 | 850 | 1,219 |
298 | 426 | 565 | 705 | 817 | 821 | 912 | 1,077 | 1,206 | 3,077 | 4,095 | |
597 | 803 | 570 | 554 | 538 | 596 | 793 | 1,169 | 1,368 | 985 | 1,057 | |
Total Liabilities | 1,083 | 1,430 | 1,565 | 1,690 | 1,785 | 1,848 | 2,636 | 3,170 | 3,489 | 4,936 | 6,397 |
103 | 298 | 379 | 373 | 384 | 604 | 577 | 564 | 556 | 2,282 | 2,238 | |
CWIP | 282 | 417 | 450 | 509 | 551 | 313 | 617 | 1,224 | 1,685 | 1,927 | 2,389 |
Investments | 42 | 9 | 1 | 1 | 2 | 8 | 324 | 149 | 8 | 1 | 3 |
656 | 706 | 735 | 807 | 848 | 923 | 1,118 | 1,233 | 1,239 | 726 | 1,768 | |
Total Assets | 1,083 | 1,430 | 1,565 | 1,690 | 1,785 | 1,848 | 2,636 | 3,170 | 3,489 | 4,936 | 6,397 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
186 | 38 | -159 | -110 | 123 | 69 | 62 | 42 | -95 | 302 | 29 | |
-187 | -297 | -105 | -61 | -63 | -29 | -533 | -763 | -324 | -2,001 | -494 | |
95 | 98 | 256 | 173 | -45 | -29 | 481 | 707 | 427 | 1,760 | 1,309 | |
Net Cash Flow | 94 | -162 | -9 | 2 | 15 | 12 | 10 | -14 | 8 | 62 | 843 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 87 | 61 | 72 | 67 | 64 | 96 | 60 | 17 | 58 | 33 | 160 |
Inventory Days | 2,095 | 808 | 710 | 812 | 793 | 790 | 861 | 74 | 206 | 293 | 192 |
Days Payable | 141 | 82 | 108 | 85 | 69 | 110 | 384 | 19 | 92 | 67 | 232 |
Cash Conversion Cycle | 2,041 | 787 | 674 | 793 | 788 | 777 | 536 | 71 | 172 | 259 | 120 |
Working Capital Days | 729 | 616 | 423 | 690 | 599 | 228 | 213 | -268 | -461 | -42 | 52 |
ROCE % | 8% | 4% | 3% | 2% | 3% | 3% | 4% | 2% | 1% | 0% |
Documents
Announcements
- Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended 30Th June 2022 9 Aug
- Unaudited Financial Results For The Quarter Ended 30Th June 2022 9 Aug
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 1 Aug
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 30 Jul
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 30 Jul
Annual reports
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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 2012
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Financial Year 2011
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Financial Year 2010
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Business Segments FY 20
1. Textiles (80%.): Co. has a Fabric Processing Unit of 1 lakh meters per day at Ahmedabad. The products manufactured by the Company are polyester blended shirting, sarees, cotton and blended Cambrics, etc. yarn Counts 10 to 100s, Polyester blended 45 to 80s. [1] [2]
2. Energy: SEL through its subsidiaries, Swan LNG Pvt. Ltd. and Triumph Offshore Pvt. Ltd. is setting up a Floating Storage and Regasification Unit (FSRU) project in Jafrabad, Gujarat with a regasification capacity of 5MMTPA of LNG. The Project is based on a business model of ‘Tolling terminal’ and 4.5 MMTPA (out of 5 MMTPA) throughput capacity has been booked on ‘Use or Pay’ basis for a period of 20 years by state / central PSU companies viz. GSPCL (1.5 MMTPA), IOCL (1 MMTPA), BPCL (1 MMTPA) and ONGC (1 MMTPA). The said project was expected to be commissioned by April 2020 at a cost of Rs. 6,027 crore.[3]
3. Real estate (Rental income: 10% of revenue in FY20): SEL over the last few years has been focusing on development of its mill land parcels and others into commercial and residential properties .
In FY19, due to the sale of Tower the contribution of this segment spiked to 63% of revenue.[3][4]
SEL completed a residential complex (Ashoka Garden) in Sewri and a commercial IT Park in Kurla by successfully monetizing its mill land bank.
It entered into an agreement with Peninsula Land Limited (PLL) to develop and sell the Mumbai-based properties.[5]
4. Others(10% of revenue in FY20)[6]