Arthneeti

Swan Defence and Heavy Industries Q2 FY27 Share Price & Earnings Call Analysis

₹2,782.00+2.14% today
Market cap
₹14,656 Cr
P/E
41.94
ROE
-123.61%
PEG
1.84
Price to sales
42.91
Debt to equity
0.53
52W high / low
₹3,020 / ₹701
Sales growth (5Y)
113.88%
EBITDA margin
-90.52%
Net profit margin
-80.06%
Promoter holding
89.90%
Sales (last year)
₹342 Cr

Incorporated in 1997, Swan Defence and Heavy Industries Ltd is engaged in the construction of vessels, repairs, and refits of ships and rigs and heavy engineering[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Manufacturing
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Swan Defence rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Manufacturing companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹1,185 Cr109.0
240%+Up 0–2%₹486 Cr29.9
340%+Flat₹7,897 Cr92.3
440%+Flat₹3,421 Cr74.4
540%+Flat₹2,461 Cr58.4
640%+Flat₹681 Cr40.0

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Swan Defence announcements

All announcements →

Financials of Swan Defence

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Swan Defence

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +94.91%94.91%94.91%94.91%94.91%94.91%94.91%94.91%94.91%89.90%89.90%89.90%
FIIs +0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.01%0.60%0.67%0.71%
DIIs +0.40%0.40%0.40%0.40%0.40%0.40%0.40%0.40%0.38%2.05%1.93%1.73%
Public +4.66%4.66%4.66%4.66%4.66%4.67%4.66%4.66%4.70%7.44%7.49%7.66%
No. of Shareholders1,01,2371,01,2371,01,2371,01,2371,00,66299,42898,30296,58693,16687,73084,20481,042

Financials of Swan Defence

Quarterly Results

Quarter-by-quarter operating performance

Jun 2020Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +200011504062363169
Expenses +20612283538143248264875287
Operating Profit-18-6-12-28-34-37-9-32-8-20-250-21-18
OPM %-912%-3,550%-3,159%-192%-7,529%-20%-341%-106%-69%-26%
Other Income +-161002115183151311257
Interest3895101062222351719
Depreciation18171715151516151516181517
Profit before tax-586-27-39-51-53-53-23-316-33-142-423
Tax %0%0%0%0%0%0%0%0%110%0%0%0%-17,117%
Net Profit +-586-27-39-51-53-53-23-31-1-33-142-42566
EPS in Rs-7.94-5.21-7.37-9.77-10.13-10.13-4.34-5.84-0.10-6.28-27.00-7.91107.52

Financials of Swan Defence

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +9123125633781807566307282342
Expenses +83045952955726625330333629115591651
Operating Profit81-14734-179-86-178-24-27-33-29-108-309-309
OPM %9%-47%6%-47%-48%-235%-376%-421%-1,039%-1,619%-110%-91%
Other Income +313439-84-9,011-42-1,2981319,50828158204
Interest4875376267541,3681,4692,0321,9991,47026211244
Depreciation204221208208707274746868616365
Profit before tax-578-871-760-1,224-10,536-1,761-3,427-2,08617,937-121-182-228-214
Tax %-36%-32%-24%-17%4%0%0%0%0%0%0%0%
Net Profit +-371-592-577-1,012-10,927-1,761-3,427-2,08617,937-121-181-226349
EPS in Rs-5.03-8.05-7.84-13.72-148.14-23.87-46.46-28.28243.19-22.89-34.36-42.8866.33
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Swan Defence

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital73673673673873873873873833535353
Reserves1,8801,289711-294-11,159-12,915-16,042-18,127545474243172,209
Borrowings +6,8938,3069,45610,68911,78012,91815,43315,4362,1482,2192,5052,7881,199
Other Liabilities +1,9181,4911,5191,8622,7884,0073,6785,697914891310435
Total Liabilities11,42711,82112,42212,9944,1464,7473,8073,7432,7852,7432,8923,1673,896
Fixed Assets +6,0605,8615,6545,5472,0221,9731,4061,3321,2321,1681,1801,1871,185
CWIP3,5193,8844,2684,6921033737373743155166193
Investments30230231530330330334455258783
Other Assets +1,5461,7742,1842,4531,7182,4352,3612,3701,5121,5281,5511,5561,734
Total Assets11,42711,82112,42212,9944,1464,7473,8073,7432,7852,7432,8923,1673,896

Financials of Swan Defence

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +432-598-318-224-113-1,1837102,0071,428-70-96182
Cash from Investing Activity +-1,069-25-122-15-1649-1212-11-162-440
Cash from Financing Activity +6176444292801021,099-707-1,999-1,46091268413
Net Cash Flow-2020-1041-27-35111-201010156
Free Cash Flow-538-625-427-243-114-1,1627102,0071,440-80-259104
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit540%401%-966%129%148%667%-2,994%-7,543%-4,343%243%89%-59%

Financials of Swan Defence

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days181321411141494702516
Inventory Days4053,9828926571,4667,331692,2791,972,6141,899,893165,503739
Days Payable3991,7703132746734,512112,894109,86549,7626,67630
Cash Conversion Cycle242,2255823968052,833149579,4311,862,749158,852725
Working Capital Days-817-2,952-2,287-9,356-25,570-68,665-969,876-1,083,806127,58863,1221,099
ROCE %-1%-3%-1%-3%-2%-22%-17%-26%-4%-6%-8%
92out of 100

Momentum score · price trend

92 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+269.8%99%
Last 6 months+50.7%90%
Last 3 months+7.8%79%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Swan Defence: 0.4 × 99 + 0.4 × 90 + 0.2 × 79 = 92.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Swan Defence's management said in earlier quarters

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