SWANCORP
SWAN CORP share price & financials
- Price
- ₹310.55
- Market cap
- ₹9.3k Cr
- Sector
- Chemicals
What SWAN CORP LIMITED does
Swan Corp Limited (formerly Swan Energy Limited) is a diversified Indian conglomerate operating across energy infrastructure, petrochemical trading, shipbuilding, textiles and real estate. Through subsidiary Swan LNG, it is developing India's first FSRU-based LNG import and regasification terminal at Jafrabad, Gujarat, while Veritas (India) Ltd and its UAE subsidiary Verasco FZE operate a refining and petrochemical storage terminal in the Hamriyah Free Zone, Sharjah, handling and trading petroleum and petrochemical products. Its subsidiary Swan Defence and Heavy Industries (SDHI) runs India's largest shipyard at Pipavav, Gujarat, building and repairing vessels including for the Indian Coast Guard. The group also manufactures textiles at its century-old Ahmedabad processing unit and develops residential and commercial real estate in Mumbai, Bengaluru and Hyderabad.
Segments
- Energy
- Petroleum and Petrochemicals
- Shipbuilding
- Textile
- Real Estate
- Shipyard market position
- India's largest shipyard (SDHI, Pipavav) by dry-dock and fabrication capacity
- Shipyard dry dock size
- 662m x 65m, capable of building vessels up to 400,000 DWT
- Shipyard fabrication capacity
- 12,000 MT per month
- Shipyard annual steel production capacity
- 144,000 MT across 300+ acres (with 75+ acres available for expansion)
- Shipyard workforce
- 400+ in-house employees plus 600+ vendor workforce on-ground
- LNG import/regasification terminal capacity
- 10 MMTPA total planned (Phase I: 5 MMTPA) at Jafrabad, Gujarat
Quarterly results
Q1 FY27: revenue down 16.4%, net profit down 233.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,032 | 1,908 | 856 | 1,213 | 1,138 +10% | 1,150 −40% | 870 +2% | 1,014 −16% |
| EBITDA | 120 | -656 | 14 | 27 | 5 −96% | 25 +104% | -261 −1964% | -4 −115% |
| Net profit | 67 | 562 | -22 | 27 | -6 −109% | -1 −100% | 251 +1241% | -36 −233% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −34.8% 1Y
1Y: ₹454.6 on 10 Sept 2025 → ₹296.45. High ₹489.1 (22 Sept 2025), low ₹276.8 (8 Sept 2026).
Financials, as filed
Revenue fell 6.7% a year over 2 years, FY24 to FY26. Operating margin narrowed to -4.7%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹5.0k Cr | ₹4.9k Cr | ₹4.4k Cr |
| Operating profit | ₹868 Cr | ₹-141 Cr | ₹-204 Cr |
| Operating margin | 17.3% | -2.9% | -4.7% |
| Interest | ₹226 Cr | ₹187 Cr | ₹81 Cr |
| Depreciation | ₹115 Cr | ₹148 Cr | ₹123 Cr |
| Net profit | ₹587 Cr | ₹875 Cr | ₹271 Cr |
| Net margin | 11.7% | 17.7% | 6.2% |
| Cash from operations | ₹26 Cr | ₹-529 Cr | ₹-14 Cr |
| Free cash flow | ₹-421 Cr | ₹1.3k Cr | ₹-221 Cr |
| ROCE | 8.0% | -1.0% | -1.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹24 Cr | ₹26 Cr | ₹26 Cr | ₹31 Cr | ₹31 Cr | ₹31 Cr |
| Reserves | ₹850 Cr | ₹1.2k Cr | ₹2.3k Cr | ₹6.2k Cr | ₹7.4k Cr | ₹7.5k Cr |
| Borrowings | ₹3.1k Cr | ₹4.1k Cr | ₹5.0k Cr | ₹3.4k Cr | ₹2.5k Cr | ₹2.1k Cr |
| Other liabilities | ₹985 Cr | ₹1.0k Cr | ₹3.0k Cr | ₹2.4k Cr | ₹3.7k Cr | ₹4.2k Cr |
| Total liabilities | ₹4.9k Cr | ₹6.4k Cr | ₹10.2k Cr | ₹12.2k Cr | ₹13.6k Cr | ₹13.9k Cr |
| Fixed assets | ₹2.3k Cr | ₹2.2k Cr | ₹4.2k Cr | ₹4.1k Cr | ₹3.8k Cr | ₹3.8k Cr |
| Capital work in progress | ₹1.9k Cr | ₹2.4k Cr | ₹3.3k Cr | ₹3.7k Cr | ₹3.9k Cr | ₹4.0k Cr |
| Investments | ₹1 Cr | ₹3 Cr | ₹30 Cr | ₹134 Cr | ₹318 Cr | ₹833 Cr |
| Other assets | ₹726 Cr | ₹1.8k Cr | ₹2.7k Cr | ₹4.2k Cr | ₹5.6k Cr | ₹5.2k Cr |
| Total assets | ₹4.9k Cr | ₹6.4k Cr | ₹10.2k Cr | ₹12.2k Cr | ₹13.6k Cr | ₹13.9k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +0.99 pp while the public trimmed −0.67 pp. The shareholder count shrank 12% to 1,40,601.
- Promoters
- 54.0%
- FIIs
- 10.3%
- DIIs
- 12.9%
- Public
- 22.8%
Since Jun 2025
- FIIs +0.99 pp
- Public −0.67 pp
- DIIs −0.32 pp
How it drifted, 12 quarters
Over this window promoters fell from 64.1% to 54.0% — −10.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 64.1%, FIIs 17.6%, DIIs 2.9%, Public 15.4%.Dec '23: Promoters 64.1%, FIIs 10.5%, DIIs 5.8%, Public 19.6%.Mar '24: Promoters 54.0%, FIIs 11.2%, DIIs 14.3%, Public 20.5%.Jun '24: Promoters 54.0%, FIIs 11.8%, DIIs 14.8%, Public 19.4%.Sep '24: Promoters 54.0%, FIIs 11.8%, DIIs 13.7%, Public 20.6%.Dec '24: Promoters 54.0%, FIIs 10.8%, DIIs 13.2%, Public 22.0%.Mar '25: Promoters 54.0%, FIIs 10.3%, DIIs 13.2%, Public 22.5%.Jun '25: Promoters 54.0%, FIIs 9.4%, DIIs 13.2%, Public 23.4%.Sep '25: Promoters 54.0%, FIIs 8.9%, DIIs 12.9%, Public 24.3%.Dec '25: Promoters 54.0%, FIIs 9.7%, DIIs 12.8%, Public 23.5%.Mar '26: Promoters 54.0%, FIIs 10.4%, DIIs 12.9%, Public 22.7%.Jun '26: Promoters 54.0%, FIIs 10.3%, DIIs 12.9%, Public 22.8%.
Who is on the register
Named in the Jun 2026 filing
Every holder of SWAN CORP LIMITED above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Dave Impex Private Limited | 14.68% | unchanged |
| Swan Realtors Private Limited | 13.27% | unchanged |
| Swan Engitech Works Private Limited | 12.25% | unchanged |
| Life Insurance Corporation Of India Insurer | 5.35% | unchanged |
| Dave Leasing And Holdings Private Limited | 2.37% | unchanged |
| SBI Life Insurance Co. Ltd Insurer | 2.17% | unchanged |
| Sahajanand Soaps And Chemicals Pvt Ltd | 2.11% | unchanged |
| Quant Mutual Fund - Quant Multi Cap Fund Mutual fund | 2.09% | unchanged |
| Muse Advertising And Media Private Limited | 1.70% | unchanged |
| Vakratund Plaza Private Limited | 1.69% | unchanged |
| Ares Diversified FPI fund | 1.67% | unchanged |
| 2I Capital Pcc FPI fund | 1.42% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in SWANCORP
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.04 L shares (+1.1%).
- Held by funds
- ₹11 Cr
- 5 schemes
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹7 Cr · 0.2% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹7 Cr | +0.03 L | Sep '25 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹3 Cr | +0.01 L | Mar '25 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '25 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Mar '25 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +3,996 shares (+1.1%)
- Funds are sitting on
- -27%
- vs est. average cost
- Held by funds
- ₹11 Cr
- 5 schemes · ≈ 0.13% of the company
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹7 Cr · 0.2% of that fund
- Longest holder
- SBI Nifty Smallcap 250 Index Fund
- 1y 6m · since Mar '25
Shares held by these funds +247%
Mar '25 3.71 L shares Jul '26
Learn to analyse SWAN CORP LIMITED
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