Swan Corp (SWANCORP) had a P/E of 9.7× on 6 Nov 2026, below the industry P/E of 14.8×, and the shares are 51% below their 52-week high. Sales grew 46% a year over 3 years; its ROCE of 4.0% is the lowest among the 7 largest Conglomerates peers, though net profit is above operating profit, which points to a one-off gain. Debt is 0.21× equity, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹7,540 Cr, ranked 11th of 52 Conglomerates companies by market cap; the shares fell 45% over the past year.
- ₹244.00
- ₹245.44
- ₹235.00
- ₹248.74
- 6.5 L
Health check
- ReturnsBehind
−45.3% over a year, better than 0 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthStrong
Sales +45.6% a year over 3 years.
- ProfitabilityWeak
ROCE 4.0% vs peer median 12.8%.
- Balance sheetStretched
Debt 0.21× equity, interest covered 5.6×, Piotroski 3 of 9.
- Red flags4 to check
Quarterly sales down 8.1% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹7,540 Cr
- Small cap
- P/E
- 9.7
- Industry 14.8
- Price to book
- 0.88
- Peers 5.18
- Dividend yield
- 0.06%
- ROE
- 8.6%
- Peers 11.6%
- ROCE
- 4.0%
- Peers 12.8%
- Debt to equity
- 0.21
- Debt ₹1,909 Cr
- EPS (TTM)
- ₹24.87
- Face value ₹1
- OPM (TTM)
- −6.0%
- Net margin 18.0%
- Sales growth
- −8.1%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 1.85
- EV/EBITDA −36.5
Strengths and risks
Risks to check
- Quarterly sales down 8.1% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 51% below its 52-week high.
- Interest coverage of only −2.8×.
About Swan Corp
Swan Corp Limited manufactures and markets cotton, polyester cotton, linen and viscose fabrics, and non-lycra products in India and internationally. It operates through Textiles, Energy, Construction/Others, Distribution & Development, Warehousing, Manufacturing, and Shipyard segments. The company develops commercial and residential real estate projects. It is also involved in the operation of the LNG port terminal. In addition, the company engages in the…
- Headquarters
- Mumbai
- Employees
- 158
- Sector
- Industrials
- ISIN
- INE665A01038
- Website
- swan.co.in
Price range
- Avg volume (3M)
- 18.2 L
- 1-year return
- minus 45.3%
- From 52-week high
- minus 51.3%
Peers · Conglomerates
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SRFSRF | 2,460.40 | minus 0.99% | 72,928 | 31.9 | 21.2 | 14.5% | 24.2% | 0.35 | 1.8% | minus 15.5% |
| TIINDIATube Investments of India | 2,170.00 | minus 5.65% | 42,005 | 62.9 | 16.6 | 12.8% | 9.9% | 0.05 | 15.5% | minus 23.1% |
| GODREJINDGodrej Industries | 955.85 | minus 2.40% | 32,198 | 27.4 | 32.4 | 12.3% | 10.4% | 2.22 | 9.8% | minus 11.6% |
| 3MINDIA3M India | 27,570.00 | minus 5.98% | 31,058 | 57.0 | 29.9 | 47.5% | 18.4% | 0.10 | 8.7% | minus 18.3% |
| THERMAXThermax | 2,746.30 | minus 17.27% | 30,937 | 52.6 | 26.6 | 15.3% | 12.4% | 0.42 | 9.8% | plus 1.5% |
| BEMLBEML | 1,953.20 | minus 1.89% | 16,268 | 28.0 | 55.7 | 5.9% | 7.3% | 0.11 | 3.0% | minus 7.4% |
| NAVANava | 529.15 | minus 0.99% | 14,991 | 19.8 | 7.9 | 11.1% | 38.4% | 0.21 | 6.8% | minus 12.1% |
| SWANCORPSwan Corp | 240.55 | minus 3.29% | 7,540 | 9.7 | – | 4.0% | −5.6% | 0.21 | 45.6% | minus 45.3% |
| Median of 7 peers | – | −2.40% | 31,058 | 31.9 | 26.6 | 12.8% | 12.4% | 0.21 | 8.7% | −12.1% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,138 | 1,150 | 870 | 1,014 | 1,046 | |
| 1,133 | 1,125 | 1,131 | 1,018 | 1,050 | |
| 5 | 25.3 | −261 | −3.8 | −4.5 | |
| 0.4% | 2.2% | −30.0% | −0.4% | −0.4% | |
| 47.5 | 27.8 | 639 | 33.9 | 75.6 | |
| 21.5 | 17.9 | 19.6 | 34.5 | 31.3 | |
| 30.4 | 31 | 32.4 | 30.6 | 32.2 | |
| 0.6 | 4.1 | 327 | −35 | 7.5 | |
| 1056.4% | 128.8% | 23.0% | −3.0% | −7423.6% | |
| −3.8 | −9.9 | 269 | −31.4 | 507 | |
| -0.19 | -0.04 | 8.02 | -1.00 | 18.04 |
Profit & loss
- Sales CAGR 3Y
- +45.6%
- ROE
- 8.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,404 | 4,982 | 4,902 | 4,334 | |
| – | +254.8% | minus 1.6% | minus 11.6% | |
| 1,207 | 4,149 | 5,068 | 4,554 | |
| 197 | 833 | −166 | −221 | |
| 14.0% | 16.7% | −3.4% | −5.1% | |
| 38.4 | 109 | 130 | 151 | |
| 218 | 222 | 169 | 78.8 | |
| 81.3 | 115 | 147 | 124 | |
| 1.1 | 3.4 | 1,822 | 637 | |
| −62.2 | 609 | 1,470 | 365 | |
| 1.9% | 3.8% | 40.5% | 25.7% | |
| −35.9 | 301 | 755 | 274 | |
| – | – | +150.8% | minus 63.7% | |
| -2.52 | 11.23 | 27.90 | 8.65 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26.4 | 31.3 | 31.3 | 31.3 | |
| 2,257 | 6,248 | 7,311 | 7,505 | |
| 5,037 | 3,521 | 2,966 | 2,258 | |
| 2,902 | 2,368 | 3,295 | 4,058 | |
| 10,223 | 12,168 | 13,603 | 13,853 | |
| 7,080 | 7,418 | 7,244 | 7,408 | |
| 3,253 | 3,657 | 3,870 | 3,997 | |
| 11.5 | 66.3 | 1.5 | 106 | |
| 219 | 1,386 | 2,237 | 1,290 | |
| −340 | −360 | 251 | 1,053 | |
| 10,223 | 12,168 | 13,603 | 13,853 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −235 | 25.9 | −529 | −14.5 | |
| −1,116 | −512 | 1,346 | 294 | |
| 599 | 1,604 | −560 | −1,034 | |
| −752 | 1,118 | 257 | −754 | |
| −2,933 | −448 | −1,579 | −210 | |
| −3,168 | −422 | −2,108 | −224 | |
| −2.6 | −2.7 | −3.2 | −3.2 |
Shareholding pattern
- Promoters53.96%
- Public46.04%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 53.96% | 46.04% | 0.00 | |
| 30 Jun 2026 | 53.96% | 46.04% | 0.00 | |
| 31 Mar 2026 | 53.96% | 46.04% | 0.00 | |
| 31 Dec 2025 | 53.96% | 46.04% | 0.00 | |
| 30 Sep 2025 | 53.96% | 46.04% | – |
Major shareholders
Filings & events
News
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