Swan Defence operates in shipbuilding and allied services within industrials. Market cap ₹12,758.67 Cr but recent standalone quarterly revenue ranges ₹5.87–₹236.28 Cr with persistent operating losses (OPM -109.79%). Company unprofitable across all four recent quarters.
Generated analysis · source review pending
Generated analysis · source review pending
231 historical price candles were omitted because the exchange source has not been verified.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | 56% | -66.7% |
| EBITDA margin % | — | -1,535.7% | -109.8% |
| EBIT margin % | — | -2,401.7% | -132.2% |
| PAT margin % | — | -2,575.4% | -80.1% |
| Working capital | |||
| Receivable days | — | 24 | 16 |
| Inventory days | — | 1,65,503 | 739 |
| Payable days | — | 6,677 | 30 |
| NWC days | — | 1,58,850 | 725 |
| Leverage | |||
| Current ratio | 2.53 | 5.05 | 4.49 |
| Debt to EBITDA | — | — | — |
| Debt to equity | 4.48 | 8.23 | 39.13 |
| Interest coverage | -3.6 | -7.6 | -17.5 |
| Asset turnover | 0 | 0 | 0.09 |
| Return ratios | |||
| Return on assets % | -4.4% | -6.3% | -7.1% |
| Return on capital employed % | -4.4% | -6.6% | -7.9% |
| Return on equity % | -25.3% | -61.2% | -324.4% |
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.
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
4 schemes · 2 fund houses
| Shares | ||||||
|---|---|---|---|---|---|---|
| SMALL CAP FUND | Bank of India Mutual Fund | 1.41 L | 34.48 | 1.04% | 0.267% | -0 |
| Aggressive Hybrid FundNEW | Bank of India Mutual Fund | 60,000 | 14.69 | 0.72% | 0.114% | — |
| Manufacturing and Infrastructure Fund | Bank of India Mutual Fund | 17,000 | 4.16 | 0.44% | 0.032% | -0 |
| MULTI CAP FUNDNEW | Samco Mutual Fund | 2,775 | 0.68 | 0.3% | 0.005% | — |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0% | 0% | 0% | 0% | 94.91% | 94.91% | 94.91% | 94.91% | 94.91% | 94.91% | 89.9% | 89.9% | |
| 0.48% | 0.48% | 0.48% | 0.48% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.01% | 0.61% | 0.68% | |
| 7.93% | 7.93% | 7.93% | 7.93% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.38% | 2.06% | 1.93% | |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 91.59% | 91.59% | 91.59% | 91.59% | 4.67% | 4.67% | 4.67% | 4.67% | 4.67% | 4.7% | 7.43% | 7.49% | |
| No. of shareholders | — | — | — | — | — | — | — | — | 96,586 | 93,166 | 87,730 | 84,204 |
Promoter holding up 89.9 percentage points since Sep 2023.
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Mazagon Dock Shipbuilders LimitedMAZDOCKMAZDOCK | ₹83,262 Cr | ₹83,702 Cr | ₹13,323 Cr | ₹2,571 Cr | 17.4% | ₹2,854 Cr | 19.8% | 32.3% | 29.2% | -21 |
| Cochin Shipyard LimitedCOCHINSHIPCOCHINSHIP | ₹33,861 Cr | ₹34,960 Cr | ₹5,047 Cr | ₹763 Cr | 16.2% | ₹680 Cr | 14.3% | 17.2% | 12.5% | 250 |
| Swan Defence And Heavy Industries LimitedSWANDEFSWANDEF | ₹14,325 Cr | ₹17,050 Cr | ₹312 Cr | ₹-299 Cr | -109.8% | ₹-237 Cr | -80.1% | -7.9% | -123.7% | 725 |
| Laxmipati Engineering Works LtdLAXMIPATILAXMIPATI | ₹249 Cr | — | ₹72 Cr | ₹13 Cr | 17.5% | ₹27 Cr | 37.6% | — | — | — |
| Hariyana Ship Breakers LtdHRYNSHPHRYNSHP | ₹61 Cr | ₹64 Cr | ₹169 Cr | ₹3 Cr | 2% | ₹2 Cr | 1.1% | 4.5% | 1.4% | — |
Documents link to external sources (exchange filings, company investor pages).
Closure of Trading Window
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Shareholder Meeting - Proceedings Of The AGM
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Shareholder Meeting / Postal Ballot-Outcome of AGM
| Date | Category | Subject | Filing |
|---|---|---|---|
| 1 Oct 2026, 5:00 pm | Company Update Change in Management | Announcement under Regulation 30 (LODR)-Change in Management | |
| 28 Sept 2026, 12:18 pm | Insider Trading / SAST Closure of Trading Window | Closure of Trading Window | |
| 17 Sept 2026, 5:32 pm | Company Update Scheme of Arrangement | Announcement under Regulation 30 (LODR)-Scheme of Arrangement | |
| 16 Sept 2026, 4:46 pm | Company Update Analyst / Investor Meet | Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation | |
| 12 Sept 2026, 12:24 pm | Company Update Analyst / Investor Meet | Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation | |
| 2 Sept 2026, 9:20 pm | AGM/EGM AGM | Shareholder Meeting - Proceedings Of The AGM | |
| 2 Sept 2026, 9:19 pm | AGM/EGM AGM | Shareholder Meeting / Postal Ballot-Scrutinizer''s Report | |
| 2 Sept 2026, 9:15 pm | AGM/EGM AGM | Shareholder Meeting / Postal Ballot-Outcome of AGM |
Consolidated figures · ₹ crore
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 0 | 7 | 282 | |
| COGS | 0 | 3 | 470 |
| Gross profit | — | 4 | -188 |
| 29 | 111 | 120 | |
| -29 | -108 | -308 | |
| OPM % | — | -1,529.2% | -109.2% |
| Depreciation | 68 | 61 | 63 |
| Interest | 26 | 21 | 12 |
| 2 | 8 | 158 | |
| Profit before tax | -121 | -181 | -226 |
| Tax | 0 | 0 | 0 |
| PAT | -121 | -181 | -226 |
| PAT margin % | — | — | -80.1% |
| EPS (₹) | — | -51.5 | -42.9 |
| EPS adjusted (₹) | -450 | -34.4 | -42.9 |
| Annual report | Annual report for Mar 2024 | Annual report for Mar 2025 | Annual report for Mar 2026 |
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity capital | 738 | 3 | 53 | 53 |
| Reserves | — | 474 | 243 | 17 |
| — | 2,134 | 2,432 | 2,725 | |
| — | 133 | 164 | 372 | |
| Total equity & liabilities | — | 2,743 | 2,892 | 3,167 |
| 4,517 | 1,168 | 1,180 | 1,138 | |
| CWIP | — | 43 | 155 | 166 |
| Investments | — | 5 | 5 | 258 |
| — | 1,528 | 1,551 | 1,605 | |
| Total assets | — | 2,743 | 2,892 | 3,167 |
| ₹ Cr | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| -224 | -13 | -1,183 | 710 | 2,007 | 1,428 | -70 | -97 | 182 | |
| -15 | -99 | 49 | -1 | 2 | 12 | -11 | -162 | -440 | |
| 280 | 85 | 1,099 | -707 | -1,999 | -1,460 | 91 | 269 | 413 | |
| Net cash flow | 41 | -27 | -35 | 1 | 11 | -20 | 10 | 10 | 156 |
| Free cash flow | -243 | -13 | — | — | — | — | -80 | -141 | 182 |
| CFO / Operating profit % | — | — | — | — | — | — | — | — | — |