Swan Defence and Heavy Industries Limited share price
Swan Defence and Heavy Industries Limited engages in the construction of vessels, repairs, and refits of ships and rigs and heavy engineering in India and internationally. The company builds vessels for building large commercial; cargo and niche and specialized vessels; and defence vessels. It also provides solutions for all kinds of ships and structures including large commercial and defence vessels, jack-up rigs, and offshore vessels, as well as steel repairs, and conversions; machinery, piping, electrical, and propeller repairs; tailshaft & rudder service; blasting, coating, and cathodic protection. In addition, the company offers engineering, procurement and construction, as well as loa…Read more
IndustrialsAerospace & DefenseNSE: SWANDEFISIN INE542F01020
16 Oct 2026, 3:29 PM IST₹2,944.70▲ 0.10 (0.00%)
- Market Cap₹ 15,513 Cr.
- Current Price₹ 2,944.70
- High / Low₹ 3,020 / 668
- Stock P/E44.4
- Book Value₹ 429
- Dividend Yield0.00 %
- ROCE-7.6 %
- ROE-123.70 %
- Face Value₹ 10.0
More figures (10)
- EPS (TTM)₹ 66.35
- Price / Book6.86
- OPM-124.5 %
- Debt / Equity40.03
- Sales growth (4Y)346.9 %
- Profit growth (4Y)—
- Promoter holding90.9 %
- EV / EBITDA-88.5
- Beta0.84
- All-time high₹ 32,918
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| SWANDEF | +9.58% | +32.50% | +51.67% | +112.12% | +340.82% | +66.94% | +28.17% |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Swan Defence and Heavy Industries Limited is in the Aerospace & Defense industry (Industrials), with a market value of ₹15,513 crore.
- It trades at 44.4 times its last 12 months' earnings and 6.9 times book value.
- Revenue grew 346.9% a year over the last 4 years.
- Return on equity was -123.7% and return on capital employed -7.6% in the latest year.
- Debt was 40.03 times shareholders' equity.
- The share price is 2.5% below its 52-week high and up 340.8% over one year.
- Promoters and insiders hold about 90.9%; institutions about 1.7%.
Pros
AINo standout strengths in the reported figures.
Cons
AI- Return on equity has been low: -64.7% on average over the last 3 years.
- Borrowings are high at 40.03 times shareholders' equity.
- Interest cover is thin: operating earnings are -3.9 times the interest cost.
- Promoter holding has fallen by 5.01 points over 8 quarters, to 89.90%.
- The company has not paid a dividend recently.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Swan Defence and Heavy Industries Limited
Swan Defence and Heavy Industries Limited engages in the construction of vessels, repairs, and refits of ships and rigs and heavy engineering in India and internationally. The company builds vessels for building large commercial; cargo and niche and specialized vessels; and defence vessels. It also provides solutions for all kinds of ships and structures including large commercial and defence vessels, jack-up rigs, and offshore vessels, as well as steel repairs, and conversions; machinery, piping, electrical, and propeller repairs; tailshaft & rudder service; blasting, coating, and cathodic protection. In addition, the company offers engineering, procurement and construction, as well as loading services from its Offshore Yard. The company was formerly known as Reliance Naval and Engineering Limited and changed its name to Swan Defence and Heavy Industries Limited in January 2025. The co…
- Employees
- 260
- Head office
- Mumbai
Peer comparison
| Company | Market cap (₹ Cr) | P/E | P/B | ROE | OPM | Sales CAGR | Div. yield |
|---|---|---|---|---|---|---|---|
| Swan Defence and Heavy Industries LimitedSWANDEF | 15,513 | 44.4 | 6.86 | -123.7% | -124.5% | +346.9% | 0.00% |
| Hindustan Aeronautics LimitedHAL | 3,33,652 | 35.8 | 8.13 | 24.0% | 27.4% | +6.4% | 0.92% |
| Bharat Electronics LimitedBEL | 2,75,469 | 44.9 | 11.48 | 27.6% | 29.1% | +15.5% | 0.66% |
| Mazagon Dock Shipbuilders LimitedMAZDOCK | 84,387 | 29.5 | 8.65 | 29.2% | 20.9% | +19.6% | 0.86% |
Companies in the same industry (Aerospace & Defense). Tap a heading to sort. Sorting is a way to explore data, not a recommendation.
Quarterly Results
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.
Profit & Loss
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
| ₹ Cr | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|
| 7 | 282 | 342 | |
| YOY Sales Growth % | 3,913.35% | ||
| 115 | 592 | 650 | |
| Material Cost % | 44% | 167% | 131% |
| Employee Cost % | 311% | 13% | 14% |
| Other Expenses % | 1,280% | 30% | 45% |
| Operating Profit | -108 | -310 | -308 |
| OPM % | -1,536% | -110% | -90% |
| 11 | 158 | 203 | |
| Exceptional items | -2 | ||
| Interest | 21 | 12 | 43 |
| Depreciation | 61 | 63 | 65 |
| Profit before tax | -182 | -228 | -214 |
| -181 | -226 | 349 | |
| Profit from associates | 0 | 2 | 0 |
| EPS in Rs | -51.51 | -42.88 | 78.91 |
Compounded Sales Growth
- TTM:
- 642%
Stock Price CAGR
- 5 Years:
- 28%
- 3 Years:
- 67%
- 1 Year:
- 341%
Return on Equity
- 4 Years:
- 771%
- Last Year:
- -124%
| ₹ Cr | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|
| 7 | 282 | 342 | |
| YOY Sales Growth % | 3,913.35% | ||
| 115 | 592 | 650 | |
| Material Cost % | 44% | 167% | 131% |
| Employee Cost % | 311% | 13% | 14% |
| Other Expenses % | 1,280% | 30% | 45% |
| Operating Profit | -108 | -310 | -308 |
| OPM % | -1,536% | -110% | -90% |
| 11 | 158 | 203 | |
| Exceptional items | -2 | ||
| Interest | 21 | 12 | 43 |
| Depreciation | 61 | 63 | 65 |
| Profit before tax | -182 | -228 | -214 |
| Net Profit | -182 | -228 | 349 |
| EPS in Rs | -51.64 | -43.19 | 66.34 |
Compounded Sales Growth
- TTM:
- 642%
Stock Price CAGR
- 5 Years:
- 28%
- 3 Years:
- 67%
- 1 Year:
- 341%
Return on Equity
- 4 Years:
- 771%
- Last Year:
- -124%
Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 53 | 53 |
| Reserves | 545 | 474 | 243 | 17 |
| 2,148 | 2,219 | 2,505 | 2,788 | |
| Long term borrowings | 1,850 | 1,626 | 2,244 | 2,725 |
| Short term borrowings | 208 | 508 | 188 | |
| 91 | 48 | 91 | 310 | |
| Trade payables | 78 | 37 | 57 | 39 |
| Current liabilities | 306 | 567 | 292 | 326 |
| Total Liabilities | 2,785 | 2,743 | 2,892 | 3,167 |
| 1,333 | 1,207 | 1,331 | 1,349 | |
| Gross block | 6,126 | 6,069 | 6,254 | 6,290 |
| Accumulated depreciation | 4,794 | 4,862 | 4,923 | 4,940 |
| Goodwill & intangibles | 4 | 4 | 4 | 4 |
| CWIP | 37 | 43 | 155 | 166 |
| 1,416 | 1,493 | 1,405 | 1,652 | |
| Inventories | 1,405 | 1,405 | 1,401 | 952 |
| Trade receivables | 0 | 12 | ||
| Cash & equivalents | 8 | 18 | 28 | 184 |
| Current assets | 1,419 | 1,434 | 1,475 | 1,464 |
| Total Assets | 2,785 | 2,743 | 2,892 | 3,167 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,428 | -70 | -96 | 182 | |
| Profit for the year | 17,937 | -121 | -181 | -226 |
| Working capital changes | -18,070 | -44 | 30 | 489 |
| Direct taxes paid | 3 | 0 | -0 | -1 |
| 12 | -11 | -162 | -440 | |
| Fixed assets purchased | -10 | -163 | -78 | |
| Fixed assets sold | 12 | |||
| Investments purchased | -1 | -0 | -365 | |
| -1,460 | 91 | 268 | 413 | |
| Proceeds from borrowings | 10 | 284 | 806 | 1,625 |
| Repayment of borrowings | -208 | -508 | -1,208 | |
| Interest paid | -1,470 | -35 | -19 | |
| Net Cash Flow | -20 | 10 | 10 | 156 |
| Free Cash Flow | 1,428 | -80 | -259 | 104 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROE | — | 3,277.7% | -23.6% | -46.9% | -123.7% |
| ROCE | — | 782.6% | -4.4% | -6.2% | -7.6% |
| Operating margin | — | -3,198.8% | — | -2,394.9% | -124.5% |
| Net margin | — | 567,451.5% | — | -2,573.6% | -80.1% |
| Debt / equity | — | 3.92 | 4.65 | 8.47 | 40.03 |
| Current ratio | — | 4.63 | 2.53 | 5.05 | 4.49 |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities).
Shareholding Pattern
Numbers in percentages · as filed with NSE each quarter
- Promoters 89.90%
- FIIs 0.71%
- DIIs 1.73%
- Public 7.66%
| % | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 94.91% | 94.91% | 94.91% | 94.91% | 94.91% | 89.90% | 89.90% | 89.90% |
| 0.02% | 0.02% | 0.02% | 0.02% | 0.01% | 0.61% | 0.68% | 0.71% | |
| Foreign portfolio investors (Cat. I) | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.60% | 0.67% | 0.68% |
| Foreign portfolio investors (Cat. II) | 0.02% | 0.02% | 0.02% | 0.02% | 0.03% | |||
| 0.40% | 0.40% | 0.40% | 0.40% | 0.38% | 2.06% | 1.93% | 1.73% | |
| Mutual funds | 1.66% | 1.66% | 1.67% | |||||
| Insurance companies | 0.40% | 0.40% | 0.40% | 0.40% | 0.38% | 0.38% | 0.25% | 0.05% |
| Alternative investment funds | 0.01% | 0.02% | 0.01% | |||||
| 4.66% | 4.66% | 4.66% | 4.66% | 4.70% | 7.44% | 7.49% | 7.66% | |
| Retail (up to ₹2 lakh) | 3.07% | 3.03% | 3.01% | 2.98% | 2.83% | 2.78% | 2.71% | 2.68% |
| HNIs (above ₹2 lakh) | 0.22% | 0.22% | 0.22% | 0.22% | 0.31% | 0.92% | 0.63% | 0.51% |
| NRIs | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.12% | 0.09% |
| Bodies corporate | 1.11% | 1.15% | 1.17% | 1.20% | 1.31% | 3.45% | 3.88% | 4.23% |
| No. of Shareholders | 1,00,662 | 99,428 | 98,302 | 96,586 | 93,166 | 87,730 | 84,204 | 81,042 |
Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.
Documents
Announcements
- General UpdatesSwan Defence and Heavy Industries Limited has submitted the Corporate Presentation of the Company.15-Oct-2026
- Copy of Newspaper PublicationSwan Defence and Heavy Industries Limited has informed the Exchange about Copy of Newspaper Publication14-Oct-2026
- General UpdatesSwan Defence and Heavy Industries Limited has submitted the Corporate Presentation on the Unaudited Financial Results for the quarter and half year ended September 30, 202612-Oct-2026
- Press ReleaseSwan Defence and Heavy Industries Limited has informed the Exchange regarding press release and presentation on the Unaudited Financial Results for the Quarter and Half Year ended…12-Oct-2026
- Outcome of Board MeetingSwan Defence and Heavy Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.12-Oct-2026
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Swan Defence and Heavy Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 201809-Oct-2026
- AppointmentSwan Defence and Heavy Industries Limited has informed the Exchange regarding Appointment of Mr Venu Avadhanula as Chief Operating Officer (Senior Management Personnel) of the com…01-Oct-2026
- Trading WindowSwan Defence and Heavy Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201528-Sep-2026
- Amalgamation/MergerSwan Defence and Heavy Industries Limited has informed the Exchange about the effective date of the Scheme of Amalgamation Triumph Offshore Private Limited ("Transferor Company") …17-Sep-2026
- Shareholders meetingSwan Defence and Heavy Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 02, 2026. Further, the company has submitted …02-Sep-2026
- Amalgamation/MergerSwan Defence and Heavy Industries Limited has informed the Exchange about the receipt of the certified true copy of the Order obtained from the Hon ble National Company Law Tribun…26-Aug-2026
- Copy of Newspaper PublicationSwan Defence and Heavy Industries Limited has informed the Exchange about Copy of Newspaper Publication20-Aug-2026
Annual reports
Credit ratings
- Credit Rating- NewSwan Defence and Heavy Industries Limited has informed the Exchange about Credit Rating- New22-Jul-2026
- Credit Rating- OthersSwan Defence and Heavy Industries Limited has informed the Exchange about Intimation of Withdrawal of Credit Rating assigned to Bank Facilities of Reliance Naval and Engineering L…08-Jul-2026
Concalls & investor meets
- Analysts/Institutional Investor Meet/Con. Call UpdatesSwan Defence and Heavy Industries Limited has informed the Exchange about Schedule of Investor meet08-Oct-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSwan Defence and Heavy Industries Limited has informed the Exchange about Schedule of Investors' meet16-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSwan Defence and Heavy Industries Limited has informed the Exchange about Schedule of Investors meet12-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSwan Defence and Heavy Industries Limited has informed the Exchange about Schedule of Investor Meet10-Jul-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSwan Defence and Heavy Industries Limited has informed the Exchange about Schedule of Investor Meet10-Jul-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSwan Defence and Heavy Industries Limited has informed the Exchange about Schedule of Investor Meet10-Jul-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSwan Defence and Heavy Industries Limited has informed the Exchange about Schedule of Investor Meet08-Jul-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSwan Defence and Heavy Industries Limited has informed the Exchange about Schedule of Investor Meet06-Jul-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSwan Defence and Heavy Industries Limited has informed the Exchange about Schedule of investor meet30-Jun-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesSwan Defence and Heavy Industries Limited has informed the Exchange about Schedule of Investor Meet22-Jun-2026
Filings made by the company with NSE; documents open on NSE's website.
Key dates
- Ex-dividend date
- 1 Jan 1970
- Latest quarter
- 30 Sep 2026
- Financial year end
- 31 Mar 2026
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Questions about Swan Defence and Heavy Industries Limited
What is the share price of Swan Defence and Heavy Industries Limited today?
Swan Defence and Heavy Industries Limited (SWANDEF) last traded at ₹2,944.70 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.
What is the market cap of Swan Defence and Heavy Industries Limited?
About ₹15,513 crore at the latest price.
What is the P/E ratio of Swan Defence and Heavy Industries Limited?
About 44.4 times its earnings over the last 12 months.
Is Swan Defence and Heavy Industries Limited a good investment?
We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.
How can I buy Swan Defence and Heavy Industries Limited shares?
You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.
Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).
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