SWANCORPChemicals

SWAN CORP LIMITED

Petrochemicals · ISIN INE665A01038 · BSE 503310 · NSE EQ · FV ₹1
Last price
₹290
-1.04%today
What this company does

SWAN CORP LIMITED operates in Petrochemicals, part of the Chemicals sector. It booked ₹1,014 cr of revenue in its latest quarter (Q1 FY27) and kept -3.1% of sales as profit. It is the 2nd largest of 9 Petrochemicals companies we track, by market value.

The Company is primarily engaged in textile and Property development/others which the Management and CODM recognise as the business segments and accordingly the following information is given.
The Company is primarily engaged in the segment as per the list in below table which the Management and CODM recognise as the business segments and accordingly the following information is given.
In the report:
37out of 100
Equitytale Health Score
Strained

Healthier than 37% of companies in Chemicals, on all six measures of filed financials. Each measure is ranked against the 14–44 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns2

How much profit it earns on the money it employs

Balance sheet37

How much it owes, and whether earnings cover the interest

Cash quality7

Whether reported profit actually arrives as cash

Growth & consistency77

Whether sales and profit have grown, and how steadily

Valuation85

What today's price implies, against our models or its peers

Governance & risk40

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 54%
Watch-outs
! Currently loss-making
! Thin -3.1% net margin
! Sales down 16% vs last year
! 39.6% of promoter stake pledged
! Low -1.7% return on equity
! Operating cash flow is negative

What if I invest in SWANCORP?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹290 -1.04%
latest close · 2026-09-17
1-year return
+95.6%
52-wk low ₹11452-wk high ₹337
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio1.20Moderate
Below bookModerateHigh
EV / EBITDA87.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-1.7%Loss
WeakFairStrong ▸15%
Return on capital-0.0%Loss
WeakFairStrong
Net margin-3.1%Loss
ThinDecentStrong
EBITDA margin3.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.23Comfortable
LowModerateHigh ▸1
Interest cover-0.0×Risky
RiskyOkayStrong ▸5×
Current ratio1.91Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹9,070 cr
Book value
₹241
EPS
₹-1.15
latest quarter
Net debt
₹1,439 cr
owes more than its cash
Enterprise value
₹10,509 cr
EBITDA
₹121 cr
annualised
EBIT
₹-2 cr
annualised
Operating margin
-0.0%
Return on assets
-0.9%
Earnings yield
P/S
2.24
Sales / share
₹129.6
Tax rate
Face value
₹1
Shares
31.3 cr
Working capital
₹2,610 cr
Current assets
₹5,487 cr
Current liabilities
₹2,877 cr
Delivery %
28.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹54₹54, midpoint ₹54

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,014 cr
Other Income₹34 cr
Total Income₹1,048 cr
Cost of Materials₹950 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-2 cr
Employee Benefit Expense₹32 cr
Finance Costs₹34 cr
Depreciation & Amortisation₹31 cr
Other Expenses₹38 cr
Total Expenses₹1,083 cr
Profit before Tax₹-35 cr
Tax Expense₹1 cr
Share of JV / Associates₹-8.2 L
Net Profit₹-36 cr
Net margin on total income-3.4%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹947 cr87.4%
Employee benefit expense₹32 cr3.0%
Finance costs₹34 cr3.2%
Depreciation & amortisation₹31 cr2.8%
Other expenses₹38 cr3.5%
Tax expense₹1 cr0.1%
Total income ₹1,048 cr

The company made a net loss of ₹36 cr this quarter — income covered only 97 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,150 cr870 cr1,014 cr
Total income1,177 cr1,509 cr1,048 cr
Expenses1,174 cr1,182 cr1,083 cr
Profit before tax4 cr326 cr-35 cr
Tax5 cr75 cr1 cr
Net profit (owners' share)-10 cr269 cr-31 cr
Net margin (owners' share, on revenue)-0.9%30.9%-3.1%
EPS (₹)-0.048.02-1.15
YoY (latest quarter): total income -17.6% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹13,853 cr
Shareholder equity
₹7,536 cr
parent shareholders
Total debt
₹2,103 cr
Cash
₹665 cr
Cash flow · H1 FY26
Operating
₹-274 cr
Investing
₹273 cr
Financing
₹-337 cr
Peer comparison
Petrochemicals · by market value
CompanyPriceMarket capP/E
Supreme Petrochem Limited₹807₹15,175 cr16.0
SWAN CORP LIMITEDthis company₹290₹9,070 cr
Rain Industries Limited₹203₹6,828 cr5.8
Bhansali Engineering Polymers Limited₹127₹3,172 cr12.1
Manali Petrochemicals Limited₹82₹1,416 cr5.5
DCW Limited₹45₹1,341 cr9.7
Tamilnadu PetroProducts Limited₹127₹1,146 cr3.6
Pasupati Acrylon Limited₹70₹627 cr5.7
Agarwal Industrial Corporation Limited₹408₹610 cr14.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.09%
trailing 12 months
Dividend / share (TTM)
₹0.25
Last dividend
₹0.15
ex 28 Aug 2026
ActionDetailEx-date
Dividend₹0.15 / share28 Aug 2026
Dividend₹0.1 / share22 Sep 2025
Dividend₹0.1 / share19 Sep 2024
Dividend₹0.1 / share21 Sep 2023
Dividend₹0.1 / share20 Sep 2022
Dividend₹0.1 / share7 Sep 2021
Who owns it · 2026-06-30
39.5% pledged
Promoter
54.0%
FII / Foreign
10.4%
DII / Domestic
12.9%
Retail / others
22.8%
Promoter stake down 10.1% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSwan Engitech Private Limited · Promoter Group20.00 L · ₹56.3 cr4 Sep 26
SoldSwan Engitech Private Limited · Promoter Group20.00 L · ₹56.3 cr4 Sep 26
SoldDave Impex Private Limited · Promoter Group49.00 L · ₹147.0 cr30 Mar 26
Bulk / block deals
SoldMICROCURVES TRADING PRIVATE LIMITED · NSE53.32 L @ ₹304.1910 Sep 26
BoughtMICROCURVES TRADING PRIVATE LIMITED · NSE53.32 L @ ₹304.0410 Sep 26
BoughtJUNOMONETA FINSOL PRIVATE LIMITED · NSE17.24 L @ ₹304.0810 Sep 26
Promoter pledges
PledgedName of the entity in whose favour shares are encumbered: IDBI Trusteeship Services Limited Name of the lender: National Bank for Financing Infrastructure and Development (NaBFID)20.00 L · 5.74% held4 Sep 26
PledgedName of the entity in whose favour shares are encumbered: IDBI Trusteeship Services Limited Name of the lender: National Bank for Financing Infrastructure and Development45.00 L · 4.31% held24 Jun 26
PledgedKotak Mahindra Bank Ltd49.00 L · 4.46% held30 Mar 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 4 Sep 2026
See the official result
1
Adoption of IND AS compliant Audited Standalone and Consolidated Financial Statements for the Financial Year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
5.68 cr votes for, 589 against · 0% of mutual funds and other big investors said no
2
Declaration of Dividend of ₹ 0.15 per Equity Share of face value of ₹ 1/- each for the Financial Year 2025-26.
Backed by 100% of shareholders other than promotersneeded 50%
5.68 cr votes for, 1,046 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Navinbhai Dave (DIN: 01787259) as a Director, who retires by rotation and being eligible, offers himself for re-appointment
Backed by 98% of shareholders other than promotersneeded 50%
5.59 cr votes for, 8.66 L against · 2% of mutual funds and other big investors said no
4
Re-appointment of Mr. Chetan Selarka (DIN: 03224037) as a Director, who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
5.66 cr votes for, 1.74 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 15 named members
owning 54.0% between them · as of 2026-06-30
DAVE IMPEX PRIVATE LIMITED14.68%
SWAN REALTORS PRIVATE LIMITED13.27%
SWAN ENGITECH WORKS PRIVATE LIMITED12.25%
DAVE LEASING AND HOLDINGS PRIVATE LIMITED2.37%
SAHAJANAND SOAPS AND CHEMICALS PVT LTD2.11%
MUSE ADVERTISING AND MEDIA PRIVATE LIMITED1.70%
VAKRATUND PLAZA PRIVATE LIMITED1.69%
BANSHIDHAR TRADERS PRIVATE LIMITED1.28%
Business done with them
FY2025 · 5 of the group
The company paid ₹5 cr to companies in the promoter group last year — about 0.1% of its ₹4,938 cr revenue.
SWAN ENGITECH WORKS PRIVATE LIMITED
Other payments to them · Advance given
also owns 12.25% of the company
₹2 cr
company paid
DAVE IMPEX PRIVATE LIMITED
Other payments to them · Advance paid back
also owns 14.68% of the company
₹1 cr
company paid
DAVE LEASING AND HOLDINGS PRIVATE LIMITED
Other payments to them · Advance paid back
also owns 2.37% of the company
₹56.9 L
company paid
SAHAJANAND SOAPS AND CHEMICALS PVT LTD
Other payments to them · Advance paid back
also owns 2.11% of the company
₹33.4 L
company paid
Mrs. Vinita Naman Patel
Other payments to them · Rent paid
also owns 0.01% of the company
₹32.4 L
company paid

The company also transacted with 44 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.