Swan Defence and Heavy Industries Limited

Capital Goods · Industrial Manufacturing

NSE: SWANDEF BSE: 533107

₹2756.60

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Industrial Manufacturing

The largest companies in the same industry by market cap. This company ranks #11 of 140. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Mazagon Dock Shipbuilders Limited	85,234	33.7	27.6%	-25.6%	—	92	3	9
Aditya Infotech Limited	45,331	144.6	19.6%	189.1%	0.04%	79	0	86
Cochin Shipyard Limited	34,595	58.5	12.2%	-29.4%	—	78	1	12
Syrma SGS Technology Limited	34,380	102.2	11.3%	121.7%	0.08%	70	33	89
Honeywell Automation India Limited	29,584	53.7	11.8%	-7.0%	0.33%	68	0	62
Jyoti CNC Automation Limited	23,649	58.2	16.8%	18.4%	—	80	6	52
Kaynes Technology India Limited	23,469	84.7	7.6%	-51.1%	—	50	7	49
LMW Limited	18,014	92.2	4.6%	16.2%	0.21%	68	0	29
Swan Defence and Heavy Industries Limited (this stock)	14,522	—	-324.4%	354.9%	—	0	0	54

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹17,063 Cr

EV / EBITDA

Data unavailable.

EV / Sales

54.63x

Market cap / Sales

46.50x

Earnings yield

Data unavailable.

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 42 Cr, up 126.5% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs -42 Cr, up 33.5% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	31	-42	-42	₹-7.9000
March 31, 2026	236	-143	-143	₹-27.0700
Dec. 31, 2025	6	-33	-33	₹-6.3400
Sept. 30, 2025	40	-20	-20	₹-3.8600
June 30, 2025	0	-31	-31	₹-5.9200
March 31, 2025	5	-23	-23	₹-4.3400
Dec. 31, 2024	1	-53	-53	₹-10.0300
Sept. 30, 2024	1	-54	-54	₹-10.3100
June 30, 2024	2	-51	-51	₹-191.8200
March 31, 2024	0	-39	-39	₹-144.8400
Dec. 31, 2023	0	-27	-27	₹-102.3800
Sept. 30, 2023	1	-30	-30	₹-111.2100
June 30, 2023	1	-25	-25	₹-94.0300

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	42	366	11	44	18	12	2	1	2	0	0	1	1
Operating revenue	31	236	6	40	0	5	1	1	0	0	0	0	0
Other income	11	130	5	5	18	7	1	0	2	0	0	1	1
Operating expenses	52	487	26	47	32	14	37	35	28	12	6	5	6
Operating profit	-21	-250	-20	-8	-32	-9	-36	-34	-28	-12	-6	-5	-6
Operating profit margin	-68.4%	-106.0%	-341.3%	-19.4%	-7528.6%	-192.3%	-3118.1%	-3550.0%	—	—	—	—	—
Depreciation	15	18	16	15	15	16	15	15	15	17	17	17	17
Interest	16	5	3	2	2	2	2	6	10	10	5	8	3
Exceptional items, gain / (loss)	—	—	—	—	—	-2	—	—	—	—	—	—	—
Profit before tax	-42	-143	-33	-20	-31	-23	-53	-54	-51	-39	-27	-30	-25
Tax	—	—	—	—	—	—	—	—	—	—	—	—	—
Net profit	-42	-143	-33	-20	-31	-23	-53	-54	-51	-39	-27	-30	-25
EPS	-7.90	-27.07	-6.34	-3.86	-5.92	-4.34	-10.03	-10.31	-191.82	-144.84	-102.38	-111.21	-94.03
Net profit (TTM)	-238	-228	-108	-127	-161	-182	-197	-172	-148	-121	-108	-619	-1,116
EPS (TTM)	-45.17	-43.19	-20.46	-24.15	-30.60	-216.50	-357.00	-449.35	-550.25	-452.46	-402.39	70636.12	70740.18

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	282	-228	-228
March 31, 2025	7	-182	-182

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	284.2%	70.5%	440^†	18^†	2^†	8^†	17^†	31^†	99^†	185^†	414^†	565^†
Operating revenue	346.9%	113.9%	282	7	0^†	3^†	6^†	6^†	75^†	180^†	335^†	520^†
Other income	—	—	158^†	11^†	2^†	5^†	11^†	24^†	24^†	5^†	79^†	45^†
Operating expenses	—	—	592^†	115^†	29^†	98^†	33^†	30^†	252^†	15^†	—	89^†
Operating profit	—	—	-310^†	-108^†	-29^†	-94^†	-27^†	-24^†	-176^†	165^†	—	431^†
Operating profit margin	—	—	-109.8%^†	-1535.7%^†	—	-2988.9%^†	-421.0%^†	-376.0%^†	-233.6%^†	91.5%^†	—	82.9%^†
Depreciation	—	—	63^†	61^†	68^†	68^†	74^†	74^†	75^†	246^†	—	201^†
Interest	—	—	12^†	21^†	26^†	1,470^†	1,999^†	2,032^†	1,328^†	1,278^†	697^†	573^†
Exceptional items, gain / (loss)	—	—	0^†	-2^†	0^†	-0^†	2^†	-1,322^†	-66^†	-8,747^†	-162^†	0^†
Profit before tax	—	—	-228	-182	-121^†	-1,628^†	-2,086^†	-3,427^†	-1,621^†	-10,101^†	-1,169^†	-706^†
Tax	—	—	—	—	—	—	—	—	—	—	-212^†	-183^†
Net profit	—	—	-228	-182	-121^†	-1,628^†	-2,086^†	-3,427^†	-1,621^†	-10,481^†	-956^†	-523^†
EPS	—	—	-43.19^†	-216.50^†	-452.46^†	70826.93^†	-28.28^†	-46.46^†	-21.99^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	-109.8%^†	-1535.7%^†	—	-2988.9%^†	-421.0%^†	-376.0%^†	-233.6%^†	91.5%^†	—	82.9%^†
EBIT margin	-76.3%^†	-2283.9%^†	—	-5007.6%^†	-1389.9%^†	-22147.1%^†	-388.6%^†	-4901.6%^†	-140.6%^†	-25.7%^†
PBT margin	-80.6%	-2581.8%	—	-51518.0%^†	-33012.8%^†	-54398.1%^†	-2147.7%^†	-5611.7%^†	-348.6%^†	-135.8%^†
Net margin	-80.6%	-2581.8%	—	-51518.0%^†	-33012.8%^†	-54398.1%^†	-2147.8%^†	-5822.8%^†	-285.3%^†	-100.7%^†
Interest coverage	-17.47x^†	-7.67x^†	-3.60x^†	-0.11x^†	-0.04x^†	-0.69x^†	-0.22x^†	-6.90x^†	-0.68x^†	-0.23x^†
Dividend payout	—	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—	—
Current ratio	4.49x	5.05x	—	—	—	—	—	—	—	—
Quick ratio	1.57x	0.25x	—	—	—	—	—	—	—	—
Debt to equity	42.33x	8.33x	—	—	—	—	—	—	—	—
Return on equity	-353.4%	-62.2%	—	—	—	—	—	—	—	—
Return on assets	-7.2%	-6.3%	—	—	—	—	—	—	—	—
Return on capital employed	-7.6%^†	-6.2%^†	—	—	—	—	—	—	—	—
Asset turnover	0.09x	0.00x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	182	-440	413	0	182
March 31, 2025	-97	-162	269	44	-141

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	3,162	64	12	0	2,725	1,464	326	184	1,138	952
March 31, 2025	2,888	292	239	188	2,244	1,475	292	28	1,180	1,401

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.