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    Swan Defence and Heavy Industries Limited

    Runs India's largest shipyard at Pipavav, Gujarat, building and repairing commercial and defence vessels.

    Capital Goods
    Industrials
    ₹2,229.6
    +8.44% from avg

    Overview

    Price

    ₹2,229.6

    Market Cap

    ₹12.8k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital73873873833535353
    Reserves-12.6k-16.0k-18.1k54247123919212
    Borrowings12.2k15.4k15.4k2.1k2.2k2.5k2.6k2.8k
    Other Liabilities3.7k3.7k5.7k91489152310
    Total Liabilities4.0k3.8k3.7k2.8k2.7k2.9k2.9k3.2k
    AssetsFixed Assets1.5k1.4k1.3k1.2k1.2k1.2k1.2k1.2k
    CWIP3737373743155160166
    Investments202222226253
    Other Assets2.5k2.4k2.4k1.5k1.5k1.6k1.5k1.6k
    Total Assets4.0k3.8k3.7k2.8k2.7k2.9k2.9k3.2k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-258-1.3k7102.0k1.4k-70-97182
    Cash from Investing8141-1212-11-162-440
    Cash from Financing1511.2k-707-2.0k-1.5k91269413
    SummaryCapital Expenditure
    Free Cash Flow-259-1.3k7102.0k1.4k-80-260104
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    SWANDEF · CAPITAL_INTENSIVE

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