Swadeshi Industries & Leasing Ltd (SWADEIN)

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Swadeshi Industries & Leasing Ltd (SWADEIN) · mywealthgrid

About

Swadeshi Industries & Leasing Ltd operates in packaging within the industrials sector. The company is a micro-cap (₹203 Cr market cap) with quarterly revenue in the ₹2–6 Cr range. After losses through early 2024, recent quarters show recovery: net profit of 0.4–0.63 Cr and operating margins reaching 7.24% in Mar 2025.

Face value: ₹10

Market cap

₹176 Cr

P/E

171.0×

P/B

7.7×

Dividend yield

ROE

10.7%

ROCE

14%

Debt / equity

0.03

OPM

3.4%

EPS (TTM)

₹0.4

Book value

₹9.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme valuation: PE of 197.63 reflects near-zero earnings base; verify sustainability of current 0.4–0.63 Cr quarterly net profit that supports the market cap

Margin volatility: Operating margin swung from −3.65% (Mar 2024) to 7.24% (Mar 2025); verify whether recovery is structural or cyclical before assuming durability

Micro-cap liquidity and disclosure: No FII/DII support (0%), missing data on ROE and D/E, and revenue gaps in older quarters; verify financial reporting consistency and working capital adequacy

Lumpy revenue: Quarterly revenue varies ₹2.3–6.6 Cr with no clear growth trend; verify customer concentration, order backlog, and demand outlook

Generated analysis · source review pending

Growth drivers

Mar 2025 revenue of 6.63 Cr is highest in dataset; verify if customer demand has sustainably shifted higher
Operating margin recovered to 7.24% in Mar 2025 from −3.65% in Mar 2024; verify whether cost improvements are structural
Packaging sector exposure; verify if industrial packaging demand grows in India from e-commerce, FMCG, or manufacturing expansion, and company captures share

Generated analysis · source review pending

1,161 historical price candles were omitted because the exchange source has not been verified.

₹76.1+0.1%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 126.2% over the last 5 years
+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of 7.4% (3-yr avg)
−Thin operating margin of 3.4%
−Expensive at 171× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

49/100

Business quality: 38
Growth: 100
Valuation: 10

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Epl LimitedEPLEPL	₹7,443 Cr	₹8,152 Cr	₹5,043 Cr	₹1,000 Cr	20.3%	₹388 Cr	8.3%	19.5%	14.9%	97
Agi Greenpac LimitedAGIAGI	₹5,116 Cr	₹5,355 Cr	₹2,763 Cr	₹628 Cr	22.3%	₹362 Cr	13.2%	18.6%	15.6%	188
Uflex LimitedUFLEXUFLEX	₹4,692 Cr	₹14,545 Cr	₹16,866 Cr	₹2,302 Cr	12.2%	₹682 Cr	2.1%	8.6%	4.1%	89
Tcpl Packaging LimitedTCPLPACKTCPLPACK	₹3,574 Cr	₹4,148 Cr	₹1,872 Cr	₹299 Cr	16.2%	₹115 Cr	5.4%	22.4%	14.4%	98
Polyplex Corporation LimitedPOLYPLEXPOLYPLEX	₹3,228 Cr	₹4,145 Cr	₹7,601 Cr	₹592 Cr	4.9%	₹155 Cr	0.6%	1.1%	1.1%	147
Jindal Poly Films LimitedJINDALPOLYJINDALPOLY	₹2,863 Cr	₹6,866 Cr	₹2,152 Cr	₹-613 Cr	-20.2%	₹-989 Cr	-36.6%	-2%	-29.6%	81
Xpro India LimitedXPROINDIAXPROINDIA	₹2,670 Cr	₹2,959 Cr	₹535 Cr	₹50 Cr	6.3%	₹33 Cr	3.9%	3.9%	2.8%	80
Knack Packaging LimitedKNACKKNACK	₹2,211 Cr	₹2,404 Cr	₹736 Cr	₹133 Cr	18.1%	₹74 Cr	10%	47.1%	41.5%	—
Mold-Tek Packaging LimitedMOLDTKPACMOLDTKPAC	₹2,187 Cr	₹2,231 Cr	₹631 Cr	₹121 Cr	19.1%	₹64 Cr	10.1%	24.3%	17.9%	148
Cosmo First LimitedCOSMOFIRSTCOSMOFIRST	₹2,166 Cr	₹3,752 Cr	₹4,004 Cr	₹428 Cr	10.5%	₹167 Cr	4.3%	11.6%	10.1%	10
Huhtamaki India LimitedHUHTAMAKIHUHTAMAKI	₹1,757 Cr	₹1,859 Cr	₹2,610 Cr	₹225 Cr	7.7%	₹136 Cr	4.8%	12.3%	9.5%	26
Arrow Greentech LimitedARROWGREENARROWGREEN	₹1,306 Cr	₹1,306 Cr	₹247 Cr	₹86 Cr	32.2%	₹64 Cr	23.6%	30.4%	22.4%	141

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	26	7	2	1	1	0	1	2	16	68
COGS	-1	-25	-7	-2	-1	1	0	1	2	15	65
Gross profit	—	—	—	—	—	0	0	-0	0	1	3
	2	51	15	5	2	1	1	0	0	0	1
	-0	-0	-0	-1	-0	-1	-1	-0	-0	0	2
OPM %	-48%	-1.4%	-3.4%	-50.7%	-17.1%	-64.4%	-264.7%	-24.7%	-8.5%	2%	3.4%
Depreciation	—	—	—	—	—	0	0	0	0	0	0
Interest	—	—	—	—	—	0	0	0	0	0	0
	0	0	0	—	0	0	0	0	0	1	0
Profit before tax	0	0	-0	-1	-0	-1	-1	-0	-0	1	2
Tax	—	—	—	—	—	0	0	0	0	0	1
Tax %	—	—	—	—	—	1.5%	0%	0%	0%	12.7%	24.7%
	0	0	-0	-1	-0	-1	-1	-0	-0	1	2
PAT margin %	18%	0.3%	-3.4%	-52.1%	-15.4%	-60%	-255.9%	-13.7%	-2.4%	6.5%	2.5%
EPS (₹)	—	0	—	—	—	-0.6	-0.8	0.1	0.1	1	1.5
EPS adjusted (₹)	—	—	—	—	—	-0.6	-0.8	-0.1	-0.1	1	0.7
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	11	11	11	11	11	23
Reserves	-2	-3	-3	-3	-2	-0
	0	0	0	0	0	1
	1	0	1	2	1	14
Total equity & liabilities	10	9	9	9	10	37
	4	4	4	4	0	3
CWIP	—	0	0	0	0	0
Investments	3	1	0	0	0	8
	4	4	5	6	10	26
Total assets	10	9	9	9	10	37

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1	-1	-2	-0	-2	-1
	1	1	2	0	2	-8
	0	-0	0	0	0	13
Net cash flow	0	-0	0	-0	-0	3
Free cash flow	-1	-1	-2	-0	-2	-4
CFO / Operating profit %	—	—	—	—	-564.5%	-43.3%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	3.5%	61.8%	-1.4%	0.4%	3.8%	4.5%
EBITDA margin %	-50.7%	-17.1%	-64.4%	-264.7%	-24.7%	-8.5%	2%	3.4%
EBIT margin %	-50.7%	-17.1%	-65.2%	-264.7%	-24.7%	-8.5%	1.9%	3.3%
PAT margin %	-52.1%	-15.4%	-60%	-255.9%	-13.7%	-2.4%	6.5%	2.5%
Working capital
Receivable days	—	—	133	172	455	19	121	112
Inventory days	—	—	0	0	0	0	0	2
Payable days	—	—	339	1,095	385	73	28	73
NWC days	—	—	-205	-923	70	-54	93	41
Leverage
Current ratio	—	—	3.4	7.93	6.06	3.86	7.17	1.9
Debt to EBITDA	—	—	—	—	—	—	0.06	0.3
Debt to equity	—	—	0.01	0.01	0	0	0	0.03
Interest coverage	—	—	—	—	—	—	—	—
Asset turnover	—	—	0.11	0.04	0.08	0.26	1.53	1.83
Return ratios
Return on assets %	—	—	-6.8%	-10.1%	-1.1%	-0.6%	9.9%	4.6%
Return on capital employed %	—	—	-7.5%	-10.1%	-1.1%	-0.8%	14%	14%
Return on equity %	—	—	-7.7%	-10.7%	-1.3%	-0.8%	11.5%	7.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	28.48%	28.48%	28.48%	28.48%	28.48%	34.97%	34.97%	34.97%	34.97%	34.97%	39.31%	39.31%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	71.52%	71.52%	71.52%	71.52%	71.52%	65.03%	65.03%	65.03%	65.03%	65.03%	60.69%	60.69%
No. of shareholders	—	—	—	—	—	—	—	—	10,789	11,799	10,980	10,735

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Swadeshi Industries & Leasing Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Dividend dividend31 Aug 2006 · ex-date₹0

1

Board meeting to consider results12 Aug 2026

1

Face value ₹10 → ₹12 Jul 2014 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

21 announcementsExport CSV

30 Sept 2026, 1:33 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	3.5%	61.8%	-1.4%	0.4%	3.8%	4.5%
EBITDA margin %	-50.7%	-17.1%	-64.4%	-264.7%	-24.7%	-8.5%	2%	3.4%
EBIT margin %	-50.7%	-17.1%	-65.2%	-264.7%	-24.7%	-8.5%	1.9%	3.3%
PAT margin %	-52.1%	-15.4%	-60%	-255.9%	-13.7%	-2.4%	6.5%	2.5%
Working capital
Receivable days	—	—	133	172	455	19	121	112
Inventory days	—	—	0	0	0	0	0	2
Payable days	—	—	339	1,095	385	73	28	73
NWC days	—	—	-205	-923	70	-54	93	41
Leverage
Current ratio	—	—	3.4	7.93	6.06	3.86	7.17	1.9
Debt to EBITDA	—	—	—	—	—	—	0.06	0.3
Debt to equity	—	—	0.01	0.01	0	0	0	0.03
Interest coverage	—	—	—	—	—	—	—	—
Asset turnover	—	—	0.11	0.04	0.08	0.26	1.53	1.83
Return ratios
Return on assets %	—	—	-6.8%	-10.1%	-1.1%	-0.6%	9.9%	4.6%
Return on capital employed %	—	—	-7.5%	-10.1%	-1.1%	-0.8%	14%	14%
Return on equity %	—	—	-7.7%	-10.7%	-1.3%	-0.8%	11.5%	7.4%

20 deals · 14 Mar 2022 – 26 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
26 Sept 2025	MADHAV STOCK VISION PVT LTD	Bulk	BSE	Sell	60,000	₹58.70	₹0.35 Cr
8 Sept 2025	MANOJ SUDAMCHAND CHAWLA	Bulk	BSE	Buy	75,000	₹55.56	₹0.42 Cr
29 Jul 2025	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	68,713	₹35.35	₹0.24 Cr
13 Jun 2025	DHANRAKSHA VINCOM PRIVATE LIMITED	Bulk	BSE	Sell	65,600	₹18.89	₹0.12 Cr
3 Mar 2025	RAKHI JITINDER SALECHA	Bulk	BSE	Sell	75,679	₹3.06	₹0.02 Cr
25 Sept 2023	VIVEK KANDA	Bulk	BSE	Buy	1,00,000	₹1.74	₹0.02 Cr
25 Sept 2023	VIJAYALAXMI DEVELOPERS	Bulk	BSE	Sell	78,000	₹1.74	₹0.01 Cr
25 Sept 2023	RUCHITA AMIT SHAH	Bulk	BSE	Sell	59,150	₹1.74	₹0.01 Cr
25 Sept 2023	VEENA KIRTILAL SHAH	Bulk	BSE	Sell	55,020	₹1.74	₹0.01 Cr
25 Sept 2023	AMAN PAL	Bulk	BSE	Buy	55,000	₹1.74	₹0.01 Cr

1–10 of 20

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
30 Sept 2026, 1:33 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
16 Sept 2026, 9:18 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
15 Sept 2026, 7:37 pm	AGM/EGM AGM	Change In Name & Object Clause In The Memorandum Of Association Of The Company.	PDF
15 Sept 2026, 7:03 pm	Company Update General	Appointment Of Secretarial Auditor Of The Company	PDF
15 Sept 2026, 6:55 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
15 Sept 2026, 6:44 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
15 Sept 2026, 6:37 pm	AGM/EGM AGM	PROCEEDINGS OF THE 42ND ANNUAL GENERAL MEETING	PDF
15 Sept 2026, 6:31 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

Swadeshi Industries & Leasing Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

1

1

Announcements

1

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Swadeshi Industries & Leasing Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends1

Board meetings1

Stock splits1

Announcements

Dividends1

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Quarterly record

Annual reports

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1

1

1