Swan Defence and Heavy Industries Limited
SWANDEF · 533107 · Industrials · Ship Building & Allied Services
- Market cap
- Rs 13,964 Cr
- P/E
- 39.95x
- P/B
- 6.17x
- 52W high / low
- Rs 3,020 / Rs 773.25
P/E, P/B and ROE are inconsistent: ROE x P/E = 76.45 but P/B = 6.17 (> 25% apart); one input is likely on a different basis. net_margin 102.31% exceeds +/-100%, which is either a genuine outsized margin (e.g. a loss exceeding revenue) or a near-zero revenue denominator; flagged for review. Our computed roe (191.38%) diverges from BSE's own published figure (-61.88%) by more than 100%. BSE's figure is a different, BSE-computed number (not necessarily TTM, standalone-only) — treat as a cross-check/fallback signal, not proof either figure is wrong.
About Swan Defence and Heavy Industries
Swan Defence and Heavy Industries Limited is listed on the NSE under the symbol SWANDEF and on the BSE under scrip code 533107. It is classified in the Industrials sector, industry: Ship Building & Allied Services. The company listed on 20 Jan 2025 and has a face value of Rs 10.
The latest available end-of-day price is Rs 2,650.6 (−0.04% on the day), for a market capitalisation of Rs 13,964 Cr. Trailing P/E is 39.95x and price-to-book is 6.17x. The 52-week range is Rs 773.25 to Rs 3,020. The latest price is 84% of the way from the 52-week low to the 52-week high.
Against the 3-company comparison set from the official BSE basic industry Ship Building & Allied Services, its market capitalisation is 0.5 times the peer median of Rs 30,407 Cr, and its P/E of 39.95x compares with a peer median of 39.95x. The comparison set is chosen mechanically from the exchange classification; it is not a ranking.
Latest annual results
For FY26 (year ended 31 Mar 2026), Swan Defence and Heavy Industries Limited reported revenue of Rs 282 Cr and net profit of Rs -225.9 Cr, with a net margin of -80.07% and earnings per share of Rs -42.88 (consolidated statements).
Year-on-year change: revenue +2409.88%; net profit not meaningful (a loss in one of the periods); EPS not meaningful (a loss in one of the periods). Three-year compound annual growth rate: revenue +284.07%; net profit not meaningful (a loss in one of the periods).
At the same date the balance sheet shows total assets of Rs 3,167 Cr, shareholders' equity of Rs 69.6 Cr, total debt of Rs 2,725 Cr, cash of Rs 184 Cr, a debt-to-equity ratio of 39.13 and operating cash flow of Rs 182 Cr.
On a trailing-twelve-month basis the filings add up to revenue of Rs 342 Cr, net income of Rs 349 Cr and a net margin of 102.31%.
Shareholding pattern
In the shareholding pattern for 30 Sept 2026, Swan Defence and Heavy Industries Limited's ownership is split: promoters 89.90%; foreign institutional investors (FIIs) 0.71%; domestic institutional investors (DIIs) 1.73%; retail and other shareholders 7.66%.
Compared with the filing for 30 Jun 2026: promoter holding 0.00 percentage points; FII holding +0.03 percentage points; DII holding −0.20 percentage points.
The same filing lists reported promoter pledge of 0.00% and 81,042 shareholders on record.
Recent filings and corporate actions
112 BSE corporate announcements were filed by Swan Defence and Heavy Industries Limited in the past twelve months; the most frequent category is "Company Update" (82). The most recent is "Swan Defence and Heavy Industries Limited has informed the Exchange regarding appointment of Mr. Hrishikesh Narasimhan, Cmde. Sanjiv Kapoor…" (Company Update), filed on 29 Oct 2026.
The disclosed corporate-action timeline lists 1 entries: other (1). The latest is a other (Resolution Plan -Suspension) with ex-date 14 Jul 2023.
Figures are raw disclosures from official NSE/BSE and SEBI filings plus mechanically computed ratios, restated in words. This is research data, not investment advice, a rating or a recommendation; DalalOS is not a SEBI-registered investment advisor.
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Peer comparison
Official BSE basic industry: Ship Building & Allied Services. Limited to companies within a 0.1x–10x market-cap band.
Edit columns
| Mazagon Dock Shipbuilders Limited | Rs 1,762.7 | Rs 71,104 Cr | Rs 14,452 Cr | Rs 2,854 Cr | 24.88x | 32.26% |
| Cochin Shipyard Limited | Rs 1,155.8 | Rs 30,407 Cr | Rs 5,470 Cr | Rs 680 Cr | 44.69x | 11.88% |
| Swan Defence and Heavy Industries LimitedThis company | Rs 2,650.6 | Rs 13,964 Cr | Rs 545 Cr | Rs 349 Cr | 39.95x | 191.38% |
| Median | Rs 1,762.7 | Rs 30,407 Cr | Rs 5,470 Cr | Rs 680 Cr | 39.95x | 32.26% |
Peers are selected mechanically from the official BSE industry hierarchy and current market-cap band. This is a comparison set, not a ranking or recommendation.
Companies related to Swan Defence and Heavy Industries
Same official industry (Ship Building & Allied Services)
Other Industrials companies of a similar market capitalisation
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- Engineers India LimitedENGINERSIN · Market cap Rs 14,678 Cr
- Zen Technologies LimitedZENTEC · Market cap Rs 14,641 Cr
- Graphite India LimitedGRAPHITE · Market cap Rs 14,575 Cr
- Usha Martin LimitedUSHAMART · Market cap Rs 14,093 Cr
- Gallantt Ispat LimitedGALLANTT · Market cap Rs 13,819 Cr
- Tega Industries LimitedTEGA · Market cap Rs 13,265 Cr
Companies are grouped mechanically from the exchange classification and listed by market capitalisation. This is a comparison set, not a ranking or recommendation.