Swan Energy Ltd

Swan Energy Ltd

₹ 670 0.79%
28 Mar - close price
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

History[1]
SEL was incorporated in 1909 as Swan Mills Limited by J.P. Goenka Group and taken over by Dave and Merchant families in 1992. SEL was originally in the textile business with mills located in Sewri & Kurla. The textile business was discontinued in 2002. SEL re-entered textile business in 2011 by setting up a new plant at Ahmedabad. Later, SEL
converted their existing land parcels for real estate projects.

  • Market Cap 21,000 Cr.
  • Current Price 670
  • High / Low 783 / 206
  • Stock P/E 75.8
  • Book Value 95.8
  • Dividend Yield 0.01 %
  • ROCE 2.19 %
  • ROE -3.53 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 7.00 times its book value
  • Promoter holding has decreased over last quarter: -10.1%
  • Company has a low return on equity of -7.76% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 453 days.
  • Working capital days have increased from 81.7 days to 237 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
98 106 46 59 69 312 260 143 101 933 804 1,223 1,592
84 70 38 35 57 288 255 142 115 749 567 966 1,336
Operating Profit 14 36 8 24 12 24 6 1 -14 184 237 257 256
OPM % 14% 34% 17% 41% 18% 8% 2% 1% -13% 20% 30% 21% 16%
1 2 2 4 1 -0 2 3 56 4 4 7 63
Interest 10 76 39 51 43 55 49 56 56 62 57 58 58
Depreciation 4 31 18 18 18 17 18 18 18 27 27 27 27
Profit before tax 1 -69 -47 -41 -48 -49 -59 -70 -32 100 157 178 234
Tax % 0% 14% 16% 8% 17% 15% 17% 17% 51% 38% 8% 7% 6%
1 -59 -40 -37 -40 -41 -50 -58 -16 57 145 166 220
EPS in Rs 0.04 -1.16 -0.91 -1.05 -0.84 -0.72 -1.00 -1.21 0.64 0.10 2.84 3.20 4.36
Raw PDF

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 Mar 2023 TTM
139 279 333 314 332 351 347 892 341 320 487 1,438 4,552
98 235 295 284 304 317 312 814 289 252 419 1,207 3,618
Operating Profit 40 43 38 31 28 33 35 78 52 68 68 231 934
OPM % 29% 16% 11% 10% 8% 10% 10% 9% 15% 21% 14% 16% 21%
11 12 14 14 7 13 110 19 9 4 7 11 78
Interest 9 20 38 30 24 32 58 54 50 108 189 223 235
Depreciation 4 6 12 10 11 12 14 14 15 42 70 81 108
Profit before tax 38 29 3 5 0 3 73 29 -4 -78 -184 -62 669
Tax % 30% 36% 117% 43% 229% 78% 25% 121% -14% 12% 14% 2%
26 19 -0 3 -0 1 55 -6 -5 -69 -158 -61 587
EPS in Rs 1.39 0.98 -0.02 0.14 -0.01 0.03 2.24 -0.22 -0.20 -2.81 -5.98 -2.31 10.50
Dividend Payout % 11% 26% -772% 110% -582% 272% 4% -46% -51% -4% -2% -4%
Compounded Sales Growth
10 Years: 18%
5 Years: 33%
3 Years: 62%
TTM: 457%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 398%
Stock Price CAGR
10 Years: 27%
5 Years: 44%
3 Years: 71%
1 Year: 223%
Return on Equity
10 Years: -4%
5 Years: -6%
3 Years: -8%
Last Year: -4%

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 Mar 2023 Sep 2023
Equity Capital 19 19 22 22 22 22 24 24 24 24 26 26 26
Reserves 169 182 409 408 408 409 907 899 890 850 1,219 2,257 2,501
298 426 565 705 817 821 912 1,077 1,206 3,077 4,117 4,985 5,148
597 803 570 554 538 596 793 1,169 1,368 985 1,035 2,956 3,277
Total Liabilities 1,083 1,430 1,565 1,690 1,785 1,848 2,636 3,170 3,489 4,936 6,397 10,225 10,952
103 298 379 373 384 604 577 564 556 2,282 2,238 4,225 4,182
CWIP 282 417 450 509 551 313 617 1,224 1,685 1,927 2,389 3,253 3,443
Investments 42 9 1 1 2 8 324 149 8 1 3 30 126
656 706 735 807 848 923 1,118 1,233 1,239 726 1,768 2,717 3,200
Total Assets 1,083 1,430 1,565 1,690 1,785 1,848 2,636 3,170 3,489 4,936 6,397 10,225 10,952

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 Mar 2023
186 38 -159 -110 123 69 62 42 -95 302 29 -491
-187 -297 -105 -61 -63 -29 -533 -763 -324 -2,001 -494 -860
95 98 256 173 -45 -29 481 707 427 1,760 1,309 598
Net Cash Flow 94 -162 -9 2 15 12 10 -14 8 62 843 -752

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 Mar 2023
Debtor Days 87 61 72 67 64 96 60 17 58 33 160 453
Inventory Days 2,095 808 710 812 793 790 861 74 206 293 192 89
Days Payable 141 82 108 85 69 110 384 19 92 67 232 329
Cash Conversion Cycle 2,041 787 674 793 788 777 536 71 172 259 120 213
Working Capital Days 729 616 423 690 599 228 213 -268 -461 -42 50 237
ROCE % 8% 4% 3% 2% 3% 3% 3% 2% 1% 0% 2%

Shareholding Pattern

Numbers in percentages

20 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Feb 2024
64.89% 64.89% 64.89% 64.09% 64.09% 64.09% 64.09% 64.09% 64.09% 64.09% 64.09% 53.96%
8.09% 8.07% 9.01% 8.50% 8.59% 8.46% 17.16% 17.13% 17.12% 17.56% 10.47% 10.64%
3.51% 3.50% 3.36% 2.88% 2.89% 2.89% 2.92% 2.92% 2.89% 2.90% 5.82% 14.54%
23.51% 23.54% 22.74% 24.53% 24.43% 24.55% 15.84% 15.85% 15.90% 15.45% 19.61% 20.87%
No. of Shareholders 6,88411,13911,5029,92913,99714,41016,22718,76019,49340,01956,45290,095

* 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.

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