Swan Corp share price & results
- Jun 2026
- Sept 2026
Diversified conglomerate: LNG import terminal, UAE petrochemical storage, shipyard, textiles, real estate.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,014 | −16.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -0.4 | −2.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -36.0 | −233.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 3.00 | +15.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -2.17 | −34.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -16.71 | −9.9 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −45.0% 1Y
1Y: ₹432.5 on 24 Oct 2025 → ₹238.05. High ₹480.3 (29 Oct 2025), low ₹235.7 (26 Oct 2026).
- Previous close
- ₹235.7
- Market cap
- ₹7.4k Cr
- 52-week range
- ₹235.7 – ₹480.3
- One year
- −47.09%
- Price to earnings (TTM to Jun 2026)
- 33.13×
- Return on equity (TTM to Jun 2026)
- 3.00%
Overview
- Symbol
- NSE:SWANCORP
- Sector
- Chemicals
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What SWAN CORP LIMITED does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −233% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,032 | 1,908 | 856 | 1,213 | 1,138 | 1,150 | 870 | 1,014 |
| Expenses | 912 | 2,564 | 842 | 1,186 | 1,133 | 1,125 | 1,131 | 1,018 |
| Operating profit | 120 | -656 | 14 | 27 | 5 | 25 | -261 | -4 |
| Operating margin | 12.0% | −34.0% | 1.6% | 2.2% | 0.4% | 2.2% | −30.0% | −0.4% |
| Other income | 31 | 1,869 | 24 | 59 | 47 | 28 | 639 | 34 |
| Interest | 66 | 45 | 23 | 22 | 21 | 18 | 20 | 34 |
| Depreciation | 28 | 61 | 31 | 30 | 30 | 31 | 32 | 31 |
| Profit before tax | 57 | 1,107 | -15 | 34 | 1 | 4 | 327 | -35 |
| Tax rate | −17.0% | 49.0% | 45.0% | 20.0% | 1044.0% | 129.0% | 23.0% | 3.0% |
| Net profit | 67 | 562 | -22 | 27 | -6 | -1 | 251 | -36 |
| EPS (₹ per share) | 1.64 | 18.59 | -0.57 | 0.61 | -0.12 | -0.31 | 8.57 | -1 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 5,017 | 4,938 | 4,371 |
| Expenses | 4,149 | 5,079 | 4,575 |
| Operating profit | 868 | -141 | -204 |
| Other income | 83 | 1,944 | 773 |
| Interest | 226 | 187 | 81 |
| Depreciation | 115 | 148 | 123 |
| Profit before tax | 609 | 1,470 | 366 |
| Net profit | 587 | 875 | 271 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 26 | 26 | 31 | 31 | 31 | 31 |
| Reserves | 1,219 | 2,257 | 6,248 | 7,311 | 7,365 | 7,505 |
| Borrowings | 4,117 | 4,985 | 3,449 | 2,823 | 2,543 | 2,130 |
| Other liabilities | 1,035 | 2,956 | 2,439 | 3,437 | 3,653 | 4,187 |
| Total liabilities | 6,397 | 10,225 | 12,168 | 13,604 | 13,593 | 13,853 |
| Fixed assets | 2,238 | 4,225 | 4,148 | 3,734 | 3,771 | 3,806 |
| Capital work in progress | 2,389 | 3,253 | 3,657 | 3,870 | 3,945 | 3,997 |
| Investments | 3 | 30 | 134 | 668 | 318 | 833 |
| Other assets | 1,768 | 2,717 | 4,229 | 5,331 | 5,559 | 5,218 |
| Total assets | 6,397 | 10,225 | 12,168 | 13,604 | 13,593 | 13,853 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 302 | 29 | -491 | 26 | -529 | -14 |
| Cash from investing | -2,001 | -494 | -860 | -512 | 1,346 | 294 |
| Cash from financing | 1,760 | 1,309 | 598 | 1,604 | -560 | -1,034 |
| Net cash flow | 62 | 843 | -752 | 1,118 | 257 | -754 |
| Free cash flow | -1,709 | -462 | -3,424 | -421 | 1,311 | -221 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 33 | 160 | 453 | 139 | 100 | 188 |
| Inventory days | 293 | 192 | 89 | 21 | 146 | 103 |
| Days payable | 67 | 232 | 329 | 19 | 70 | 106 |
| Cash conversion cycle | 259 | 120 | 213 | 142 | 176 | 185 |
| Working capital days | -1237 | -365 | 24 | 104 | 62 | 101 |
| Return on capital employed | 1.0% | 0.0% | 2.0% | 8.0% | −1.0% | −1.0% |
| Dividend payout | −4.0% | −2.0% | −4.0% | 1.0% | 0.0% | 2.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Distribution & Development contributes 88.7% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Distribution & Development 88.7%
₹899.13 crore
- Textile 4.7%
₹47.62 crore
- Shipyard 3.0%
₹30.61 crore
- Warehousing 2.0%
₹19.82 crore
- Construction / Others 1.6%
₹16.57 crore
- Energy 0.0%
₹0.00 crore
- Manufacturing 0.0%
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Distribution & Development | 899.13 | 88.7% |
| Textile | 47.62 | 4.7% |
| Shipyard | 30.61 | 3.0% |
| Warehousing | 19.82 | 2.0% |
| Construction / Others | 16.57 | 1.6% |
| Energy | 0.00 | 0.0% |
| Manufacturing | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹1,013.75 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹1,013.75 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Energy shrank from 28% to 0% of revenue over the last two years.
| Segment | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Distribution & Development | 63% | — | 96% | — | — | — | — | 89% | — |
| Textile | 3% | 2% | — | 4% | 5% | 5% | — | 5% | +1.7% |
| Shipyard | — | — | <1% | <1% | 3% | 1% | — | 3% | +7205.8% |
| Warehousing | 3% | 3% | 1% | 2% | 1% | 1% | — | 2% | +5.7% |
| Construction / Others | — | — | 2% | — | — | — | — | 2% | — |
| Energy | 28% | 6% | 0% | 0% | 0% | 0% | — | 0% | — |
| Manufacturing | 0% | 0% | 0% | 0% | 0% | 0% | — | 0% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Promoters hold 53.96% as of Sept 2026; institutions added 0.06 pts since Jun 2026.
- Promoters 53.96%
- Foreign institutions 10.49%
- Domestic institutions 12.82%
- Public 22.71%
Who is on the register
Named in the Sep 2026 filing
Every holder of SWAN CORP LIMITED above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 14.68% | unchanged | |
| 13.27% | unchanged | |
| 12.25% | unchanged | |
| Insurer | 5.35% | unchanged |
| 2.37% | unchanged | |
| Insurer | 2.17% | unchanged |
| 2.11% | unchanged | |
| Mutual fund | 2.09% | unchanged |
| 1.70% | unchanged | |
| 1.69% | unchanged | |
| FPI fund | 1.67% | unchanged |
| 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 Sep 2026
0 new, 0 added, 5 trimmed, 0 sold out — net −0.12 L shares (−3.3%).
- Held by funds
- ₹10 Cr
- 5 schemes
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹6 Cr · 0.2% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹6 Cr | −0.07 L | Sep '25 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹3 Cr | −0.03 L | Mar '25 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | −0.02 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 Sep 2026
0 added, 5 trimmed — net −12,242 shares (−3.3%)
- Funds are sitting on
- -44%
- vs est. average cost
- Held by funds
- ₹10 Cr
- 5 schemes · ≈ 0.12% of the company
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹6 Cr · 0.2% of that fund
- Longest holder
- SBI Nifty Smallcap 250 Index Fund
- 1y 7m · since Mar '25
Shares held by these funds +240%
Mar '25 3.62 L shares Sep '26
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