
About Swan Corp Limited
Data last updated:
Swan Corp Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 22 February 1909 and has been in existence for over 117 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L17100MH1909PLC000294. Its GSTIN is 27AABCS7890Q1ZE (Maharashtra). The company holds 3 GST registrations, of which 2 are active. Its shares are listed on BSE: 503310 and NSE: SWANENERGY.
The company has an authorised share capital of ₹100.25 Cr and a paid-up capital of ₹31.35 Cr. It was formerly known as Swan Mills Limited. It is led by directors including Nikhil Vasantlal Merchant (Managing Director) and Chetan Kanaiyalal Selarka (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6 Feltham House 2nd Floor 10 J. N. Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,371.2 Cr, a decline of 11.5% compared to the previous year. For the same year it recorded a net loss of ₹334.48 Cr (net margin -7.7%) and EBITDA of -₹203.81 Cr (EBITDA margin -4.7%). The net worth stands at ₹7,536.4 Cr (up 2.6% YoY). Total assets are valued at ₹11,640 Cr (down 3.5% YoY).
The company has about 196 employees on its provident fund (EPFO) records. Its group structure includes 7 subsidiaries.
The company is associated with 1 brand: Swan Corp. As per MCA filings, the company has open charges of ₹151.23 Cr and satisfied charges of ₹6,745.72 Cr on record. Court records list 89 cases involving the company, including 42 filed by the company and 37 filed against it; 27 cases are pending. The company has 63 deals on record (56 market trades, 3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹1,002.34 Cr; the latest was in December 2025. Its 10 peer companies in the Real Estate industry (Builders and Developers, Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Arvind Limited with revenue of ₹8,394 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swan.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address6 Feltham House 2nd Floor 10 J. N. Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryManufacturing, Textile & Fabric Production
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Swan Corp Limited
The main business activities of Swan Corp are manufacturing and real estate. In detail, this covers textile, leather and other apparel products and real estate activities with own or leased property. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
| L | Real Estate | L1 | Real estate activities with own or leased property | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Swan Corp Limited FY 2025-26 filings available
Swan Corp Limited reported revenue of ₹4,371.2 Cr (down 11.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,371 | 4,938 | 5,017 | 1,438 | 487 | 320 | 341 |
| Revenue growth | -11.5% | -1.6% | +248.9% | +195.2% | +52.0% | -6.0% | - |
| EBITDA | (204) | (144) | 868 | 231 | 68.30 | 67.71 | 52.06 |
| EBITDA margin | -4.7% | -2.9% | +17.3% | +16.1% | +14.0% | +21.1% | +15.3% |
| Profit before tax | 365 | 1,470 | 609 | (62.23) | (184) | (78.05) | (4.25) |
| Net profit | (334) | (1,664) | 299 | (62.21) | (158) | (68.60) | (7.05) |
| Net profit margin | -7.7% | -33.7% | +6.0% | -4.3% | -32.4% | -21.4% | -2.1% |
| EPS (₹) | 8.75 | 24.10 | 9.61 | (2.31) | (5.98) | (2.81) | (0.20) |
| Balance sheet | |||||||
| Total assets | 11,640 | 12,068 | 11,780 | 9,021 | 5,840 | 4,506 | 2,704 |
| Net worth | 7,536 | 7,343 | 6,279 | 2,284 | 1,245 | 874 | 915 |
| Total debt | 2,130 | 2,823 | 3,449 | 4,985 | 4,117 | 3,077 | 1,206 |
| Cash & bank | 822 | 1,576 | 1,320 | 202 | 954 | 111 | 48.73 |
| Net working capital | 2,703 | 3,579 | 3,681 | 1,355 | 1,043 | 105 | (351) |
| Cash flow | |||||||
| Cash from operations | (14.49) | (529) | 25.87 | (491) | 28.76 | 302 | (95.12) |
| Cash from investing | 294 | 1,346 | (512) | (860) | (494) | (2,001) | (324) |
| Cash from financing | (1,034) | (560) | 1,604 | 598 | 1,309 | 1,760 | 427 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,014 | 870 | 1,150 | 1,138 | 1,213 | 856 | 1,908 | 1,032 |
| Revenue growth (YoY) | -16.4% | +1.6% | -39.7% | +10.3% | +6.3% | - | - | - |
| Other income | 33.97 | 639 | 27.76 | 47.47 | 59.28 | 26.41 | 1,869 | 31.32 |
| EBITDA | (3.89) | (261) | 25.27 | 5.04 | 26.74 | 11.68 | (656) | 120 |
| EBITDA margin | -0.4% | -30.0% | +2.2% | +0.4% | +2.2% | +1.4% | -34.4% | +11.6% |
| Depreciation | 30.57 | 32.38 | 30.99 | 30.42 | 30.10 | 30.84 | 60.57 | 28.36 |
| Interest | 34.46 | 19.57 | 17.93 | 21.47 | 22.29 | 22.64 | 44.73 | 65.66 |
| Profit before tax | (34.95) | 327 | 4.11 | 0.62 | 33.63 | (15.39) | 1,107 | 57.41 |
| Tax | 1.03 | 75.28 | 5.27 | 6.47 | 6.65 | 6.95 | 545 | (9.73) |
| Net profit | (35.98) | 251 | (1.16) | (5.85) | 26.98 | (22.34) | 562 | 67.14 |
| EPS (₹) | (1.15) | 8.02 | (0.04) | (0.19) | 0.84 | (0.75) | 18.72 | 2.28 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 216 | 135 | 386 | 547 | 409 | 253 | 307 |
| Revenue growth | +59.5% | -64.9% | -29.5% | +33.9% | +61.8% | -17.7% | - |
| EBITDA | (25.72) | (11.30) | 14.59 | 27.83 | 27.42 | 20.79 | 16.81 |
| EBITDA margin | -11.9% | -8.3% | +3.8% | +5.1% | +6.7% | +8.2% | +5.5% |
| Profit before tax | 34.91 | 12.23 | 2.89 | 4.79 | 4.81 | 2.39 | 3.86 |
| Net profit | 11.08 | (2.80) | 0.35 | 2.80 | 3.16 | 0.73 | 2.17 |
| Net profit margin | +5.1% | -2.1% | +0.1% | +0.5% | +0.8% | +0.3% | +0.7% |
| EPS (₹) | 0.88 | 0.29 | 0.07 | 0.14 | 0.12 | 0.03 | 0.17 |
| Balance sheet | |||||||
| Total assets | 4,968 | 4,945 | 4,953 | 1,563 | 1,390 | 1,276 | 1,263 |
| Net worth | 4,594 | 4,570 | 4,568 | 1,281 | 1,280 | 961 | 962 |
| Total debt | 372 | 374 | 383 | 280 | 109 | 314 | 299 |
| Cash & bank | 69.21 | 55.27 | 1,068 | 9.61 | 10.50 | 14.63 | 22.89 |
| Net working capital | 949 | 638 | 1,384 | 244 | 251 | 140 | 385 |
| Cash flow | |||||||
| Cash from operations | (2.20) | (17.43) | (11.60) | (5.69) | 10.41 | 26.30 | 52.50 |
| Cash from investing | 20.99 | (976) | (2,305) | (146) | (108) | (33.88) | (156) |
| Cash from financing | (4.85) | (19.02) | 3,375 | 151 | 93.00 | (0.68) | 114 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 53.05 | 53.15 | 60.17 | 54.70 | 48.00 | 42.32 | 28.14 | 25.55 |
| Revenue growth (YoY) | +10.5% | +25.6% | +113.8% | +114.1% | +21.6% | - | - | - |
| Other income | 3.95 | 31.40 | 7.48 | 14.50 | 15.08 | 9.76 | 4.00 | 4.50 |
| Total expenses | 55.14 | 64.35 | 63.56 | 61.62 | 52.20 | 47.17 | 27.12 | 24.29 |
| EBITDA | (2.09) | (11.20) | (3.39) | (6.92) | (4.20) | (4.85) | 1.02 | 1.26 |
| EBITDA margin | -3.9% | -21.1% | -5.6% | -12.7% | -8.8% | -11.5% | +3.6% | +4.9% |
| Depreciation | 1.30 | 1.31 | 1.99 | 2.13 | 2.10 | 2.04 | 2.08 | 2.07 |
| Interest | 0.04 | 0.10 | 0.06 | 0.07 | 0.06 | 0.05 | 0.05 | 1.85 |
| Profit before tax | 0.52 | 18.79 | 2.04 | 5.38 | 8.72 | 2.82 | 2.89 | 1.84 |
| Tax | (0.01) | 6.73 | (0.17) | (0.23) | 0.99 | (0.20) | 1.31 | 0.62 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,014 | 870 | 1,150 | 1,138 | 1,213 | 856 | 1,908 | 1,032 |
| Revenue growth (YoY) | -16.4% | +1.6% | -39.7% | +10.3% | +6.3% | - | - | - |
| Other income | 33.97 | 639 | 27.76 | 47.47 | 59.28 | 26.41 | 1,869 | 31.32 |
| EBITDA | (3.89) | (261) | 25.27 | 5.04 | 26.74 | 11.68 | (656) | 120 |
| EBITDA margin | -0.4% | -30.0% | +2.2% | +0.4% | +2.2% | +1.4% | -34.4% | +11.6% |
| Depreciation | 30.57 | 32.38 | 30.99 | 30.42 | 30.10 | 30.84 | 60.57 | 28.36 |
| Interest | 34.46 | 19.57 | 17.93 | 21.47 | 22.29 | 22.64 | 44.73 | 65.66 |
| Profit before tax | (34.95) | 327 | 4.11 | 0.62 | 33.63 | (15.39) | 1,107 | 57.41 |
| Tax | 1.03 | 75.28 | 5.27 | 6.47 | 6.65 | 6.95 | 545 | (9.73) |
| Net profit | (35.98) | 251 | (1.16) | (5.85) | 26.98 | (22.34) | 562 | 67.14 |
| EPS (₹) | (1.15) | 8.02 | (0.04) | (0.19) | 0.84 | (0.75) | 18.72 | 2.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,371 | 4,938 | 5,017 | 1,438 | 487 | 320 | 341 |
| Revenue growth | -11.5% | -1.6% | +248.9% | +195.2% | +52.0% | -6.0% | - |
| Other income | 774 | 1,946 | 82.92 | 10.77 | 6.89 | 3.94 | 8.54 |
| Total expenses | 4,575 | 5,081 | 4,149 | 1,207 | 419 | 253 | 289 |
| Employee cost | 114 | 74.64 | 37.65 | 31.62 | 25.15 | 18.09 | 12.22 |
| EBITDA | (204) | (144) | 868 | 231 | 68.30 | 67.71 | 52.06 |
| EBITDA margin | -4.7% | -2.9% | +17.3% | +16.1% | +14.0% | +21.1% | +15.3% |
| Depreciation | 124 | 147 | 115 | 81.35 | 70.27 | 41.66 | 14.52 |
| Interest | 81.25 | 186 | 226 | 223 | 189 | 108 | 50.33 |
| Profit before tax | 365 | 1,470 | 609 | (62.23) | (184) | (78.05) | (4.25) |
| Tax | 93.66 | 595 | 23.38 | (1.19) | (26.34) | (9.43) | 0.58 |
| Net profit | (334) | (1,664) | 299 | (62.21) | (158) | (68.60) | (7.05) |
| Net profit margin | -7.7% | -33.7% | +6.0% | -4.3% | -32.4% | -21.4% | -2.1% |
| EPS (₹) | 8.75 | 24.10 | 9.61 | (2.31) | (5.98) | (2.81) | (0.20) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 31.35 | 31.35 | 31.35 | 26.39 | 26.39 | 24.43 | 24.43 |
| Reserves & surplus | 7,161 | 6,771 | 5,707 | 2,115 | 1,077 | 850 | 890 |
| Shareholders' funds (net worth) | 7,536 | 7,343 | 6,279 | 2,284 | 1,245 | 874 | 915 |
| Minority interest | 1,658 | 1,578 | 1,745 | 1,451 | 453 | 523 | 554 |
| Secured loans | 1,291 | 1,834 | 1,485 | 3,731 | 3,522 | 2,079 | 264 |
| Unsecured loans | 839 | 990 | 1,965 | 1,254 | 595 | 998 | 943 |
| Total debt | 2,130 | 2,823 | 3,449 | 4,985 | 4,117 | 3,077 | 1,206 |
| Total liabilities | 11,640 | 12,068 | 11,780 | 9,021 | 5,840 | 4,506 | 2,704 |
| Assets | |||||||
| Gross block | 6,000 | 5,820 | 4,716 | 4,678 | 2,448 | 2,422 | 655 |
| Net block | 3,806 | 3,734 | 4,148 | 4,225 | 2,238 | 2,282 | 556 |
| Capital work in progress | 3,997 | 3,870 | 3,657 | 3,253 | 2,389 | 1,927 | 1,685 |
| Investments | 833 | 668 | 134 | 29.98 | 2.93 | 0.57 | 8.04 |
| Inventories | 1,213 | 1,674 | 228 | 261 | 171 | 145 | 126 |
| Sundry debtors | 2,246 | 1,352 | 1,915 | 1,786 | 214 | 28.67 | 54.13 |
| Cash & bank balances | 822 | 1,576 | 1,320 | 202 | 954 | 111 | 48.73 |
| Loans & advances | 633 | 509 | 606 | 311 | 261 | 251 | 201 |
| Total current assets | 4,915 | 5,112 | 4,069 | 2,559 | 1,600 | 535 | 430 |
| Total current liabilities | 2,212 | 1,533 | 388 | 1,204 | 557 | 431 | 781 |
| Net working capital | 2,703 | 3,579 | 3,681 | 1,355 | 1,043 | 105 | (351) |
| Total assets | 11,640 | 12,068 | 11,780 | 9,021 | 5,840 | 4,506 | 2,704 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1,576 | 1,320 | 202 | 954 | 111 | 48.73 | 40.29 |
| Net cash from operating activities | (14.49) | (529) | 25.87 | (491) | 28.76 | 302 | (95.12) |
| Net cash from investing activities | 294 | 1,346 | (512) | (860) | (494) | (2,001) | (324) |
| Net cash from financing activities | (1,034) | (560) | 1,604 | 598 | 1,309 | 1,760 | 427 |
| Net change in cash | (754) | 257 | 1,118 | (752) | 843 | 61.89 | 8.44 |
| Closing cash | 822 | 1,576 | 1,320 | 202 | 954 | 111 | 48.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -11.5% | -1.6% | +248.9% | +195.2% | +52.0% | -6.0% | - |
| EBITDA growth | -42.0% | -116.6% | +275.4% | +238.4% | +0.9% | +30.1% | - |
| PBT growth | -75.2% | +141.2% | +9998.0% | +66.2% | -136.0% | -1736.5% | - |
| Net income growth | +79.9% | -656.9% | +580.3% | +60.6% | -130.2% | -873.1% | - |
| Revenue CAGR (3Y) | +44.9% | +116.4% | +150.2% | +61.6% | -18.3% | -2.6% | -0.9% |
| EBITDA CAGR (3Y) | - | - | +134.0% | +64.4% | -4.3% | +41.6% | +15.8% |
| Profitability & leverage | |||||||
| Net income margin | +6.2% | +17.7% | +11.7% | -4.2% | -32.4% | -21.4% | -1.4% |
| Return on capital employed | -0.7% | -1.6% | +9.5% | 0.0% | +0.1% | +1.0% | +2.0% |
| Return on net worth | -4.5% | -22.7% | +13.7% | 0.0% | -14.9% | -7.7% | -0.8% |
| Debt / equity | 0.33 | 0.46 | 0.99 | 2.58 | 3.39 | 2.39 | 1.24 |
| Long-term debt / equity | 0.21 | 0.31 | 0.75 | 2.12 | 2.61 | 1.22 | 0.22 |
| Interest cover | -24.79 | -63.83 | 30.06 | 148.73 | -9,601.52 | 414.74 | 134.07 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.74 | 0.94 | 1.07 | 0.40 | 0.20 | 0.21 | 0.52 |
| Inventory turnover | 3.03 | 5.19 | 20.53 | 6.66 | 3.08 | 2.37 | 2.45 |
| Debtors turnover | 2.43 | 3.02 | 2.71 | 1.44 | 4.02 | 7.74 | 7.08 |
| EPS (₹) | 8.75 | 24.10 | 9.61 | (2.31) | (5.98) | (2.81) | (0.20) |
| Dividend per share (₹) | 0.15 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
| Book value per share (₹) | 229.45 | 217.00 | 183.06 | 81.14 | 41.79 | 35.79 | 37.45 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 53.05 | 53.15 | 60.17 | 54.70 | 48.00 | 42.32 | 28.14 | 25.55 |
| Revenue growth (YoY) | +10.5% | +25.6% | +113.8% | +114.1% | +21.6% | - | - | - |
| Other income | 3.95 | 31.40 | 7.48 | 14.50 | 15.08 | 9.76 | 4.00 | 4.50 |
| Total expenses | 55.14 | 64.35 | 63.56 | 61.62 | 52.20 | 47.17 | 27.12 | 24.29 |
| EBITDA | (2.09) | (11.20) | (3.39) | (6.92) | (4.20) | (4.85) | 1.02 | 1.26 |
| EBITDA margin | -3.9% | -21.1% | -5.6% | -12.7% | -8.8% | -11.5% | +3.6% | +4.9% |
| Depreciation | 1.30 | 1.31 | 1.99 | 2.13 | 2.10 | 2.04 | 2.08 | 2.07 |
| Interest | 0.04 | 0.10 | 0.06 | 0.07 | 0.06 | 0.05 | 0.05 | 1.85 |
| Profit before tax | 0.52 | 18.79 | 2.04 | 5.38 | 8.72 | 2.82 | 2.89 | 1.84 |
| Tax | (0.01) | 6.73 | (0.17) | (0.23) | 0.99 | (0.20) | 1.31 | 0.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 216 | 135 | 386 | 547 | 409 | 253 | 307 |
| Revenue growth | +59.5% | -64.9% | -29.5% | +33.9% | +61.8% | -17.7% | - |
| Other income | 68.46 | 34.47 | 8.69 | 2.50 | 1.03 | 0.90 | 3.75 |
| Total expenses | 242 | 147 | 371 | 519 | 381 | 232 | 290 |
| Employee cost | 34.45 | 24.79 | 19.21 | 15.49 | 10.91 | 9.95 | 11.56 |
| EBITDA | (25.72) | (11.30) | 14.59 | 27.83 | 27.42 | 20.79 | 16.81 |
| EBITDA margin | -11.9% | -8.3% | +3.8% | +5.1% | +6.7% | +8.2% | +5.5% |
| Depreciation | 7.54 | 8.25 | 7.99 | 7.99 | 6.00 | 5.53 | 5.37 |
| Interest | 0.29 | 2.69 | 12.40 | 17.55 | 17.64 | 13.77 | 11.33 |
| Profit before tax | 34.91 | 12.23 | 2.89 | 4.79 | 4.81 | 2.39 | 3.86 |
| Tax | 7.32 | 3.18 | 0.71 | 1.17 | 1.63 | 1.67 | (0.27) |
| Net profit | 11.08 | (2.80) | 0.35 | 2.80 | 3.16 | 0.73 | 2.17 |
| Net profit margin | +5.1% | -2.1% | +0.1% | +0.5% | +0.8% | +0.3% | +0.7% |
| EPS (₹) | 0.88 | 0.29 | 0.07 | 0.14 | 0.12 | 0.03 | 0.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 31.35 | 31.35 | 31.35 | 26.39 | 26.39 | 24.43 | 24.43 |
| Reserves & surplus | 4,563 | 4,538 | 4,537 | 1,255 | 1,254 | 936 | 938 |
| Shareholders' funds (net worth) | 4,594 | 4,570 | 4,568 | 1,281 | 1,280 | 961 | 962 |
| Secured loans | 1.53 | 2.96 | 49.35 | 125 | 93.09 | 52.87 | 0.45 |
| Unsecured loans | 371 | 371 | 333 | 155 | 15.74 | 261 | 298 |
| Total debt | 372 | 374 | 383 | 280 | 109 | 314 | 299 |
| Total liabilities | 4,968 | 4,945 | 4,953 | 1,563 | 1,390 | 1,276 | 1,263 |
| Assets | |||||||
| Gross block | 153 | 152 | 151 | 156 | 155 | 130 | 117 |
| Net block | 66.37 | 73.56 | 80.12 | 91.34 | 97.00 | 77.59 | 69.09 |
| Capital work in progress | 0.00 | 0.00 | 2.24 | 2.24 | 1.92 | 20.39 | 6.10 |
| Investments | 3,941 | 4,233 | 3,487 | 1,227 | 1,036 | 1,036 | 801 |
| Inventories | 131 | 122 | 117 | 105 | 86.65 | 78.77 | 70.76 |
| Sundry debtors | 69.67 | 84.74 | 90.51 | 204 | 208 | 24.57 | 54.13 |
| Cash & bank balances | 69.21 | 55.27 | 1,068 | 9.61 | 10.50 | 14.63 | 22.89 |
| Loans & advances | 731 | 424 | 165 | 114 | 158 | 62.74 | 299 |
| Total current assets | 1,001 | 686 | 1,441 | 432 | 463 | 181 | 447 |
| Total current liabilities | 51.77 | 47.58 | 57.56 | 188 | 211 | 40.56 | 62.17 |
| Net working capital | 949 | 638 | 1,384 | 244 | 251 | 140 | 385 |
| Total assets | 4,968 | 4,945 | 4,953 | 1,563 | 1,390 | 1,276 | 1,263 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 55.27 | 1,068 | 9.61 | 10.50 | 14.63 | 22.89 | 11.45 |
| Net cash from operating activities | (2.20) | (17.43) | (11.60) | (5.69) | 10.41 | 26.30 | 52.50 |
| Net cash from investing activities | 20.99 | (976) | (2,305) | (146) | (108) | (33.88) | (156) |
| Net cash from financing activities | (4.85) | (19.02) | 3,375 | 151 | 93.00 | (0.68) | 114 |
| Net change in cash | 13.94 | (1,013) | 1,058 | (0.89) | (4.13) | (8.26) | 11.43 |
| Closing cash | 69.21 | 55.27 | 1,068 | 9.61 | 10.50 | 14.63 | 22.89 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +59.5% | -64.9% | -29.5% | +33.9% | +61.8% | -17.7% | - |
| EBITDA growth | -127.6% | -177.5% | -47.6% | +1.5% | +31.9% | +23.7% | - |
| PBT growth | +185.5% | +323.2% | -39.7% | -0.4% | +101.3% | -38.1% | -89.1% |
| Net income growth | +495.7% | -900.0% | -87.5% | -11.4% | +332.9% | -66.4% | - |
| Revenue CAGR (3Y) | -26.6% | -30.8% | +15.2% | +21.3% | -22.0% | -7.2% | -2.5% |
| EBITDA CAGR (3Y) | - | - | -11.1% | +18.3% | -15.2% | +71.5% | -3.5% |
| Profitability & leverage | |||||||
| Net income margin | +12.8% | +6.7% | +0.6% | +0.7% | +0.8% | +0.3% | +1.4% |
| Return on capital employed | +0.4% | +0.1% | +0.4% | +1.4% | +1.7% | +1.3% | +1.0% |
| Return on net worth | +0.2% | -0.1% | +0.0% | +0.2% | +0.3% | +0.1% | +0.2% |
| Debt / equity | 0.08 | 0.08 | 0.11 | 0.15 | 0.19 | 0.32 | 0.24 |
| Long-term debt / equity | 0.00 | 0.00 | 0.02 | 0.04 | 0.01 | 0.00 | 0.00 |
| Interest cover | -0.87 | -13.76 | 187.88 | 88.46 | 82.35 | 90.24 | 99.04 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.42 | 0.89 | 2.52 | 3.53 | 2.88 | 2.05 | 2.66 |
| Inventory turnover | 1.71 | 1.13 | 3.47 | 5.71 | 4.94 | 3.38 | 3.44 |
| Debtors turnover | 2.80 | 1.55 | 2.62 | 2.66 | 3.52 | 6.42 | 6.37 |
| EPS (₹) | 0.88 | 0.29 | 0.07 | 0.14 | 0.12 | 0.03 | 0.17 |
| Dividend per share (₹) | 0.15 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
| Book value per share (₹) | 146.56 | 145.78 | 145.74 | 48.55 | 48.51 | 39.34 | 39.40 |
Peer Comparison of Swan Corp Limited
Swan Corp Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers, Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arvind Limited Listed | ₹8,394 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Ahmedabad, Gujarat, India |
| Ausil Corporation Private Limited | ₹8,247.97 Cr (FY 2025) | •••• | •••• | 147.0% | •••• | Ahmedabad, Gujarat, India |
| Prestige Estates Projects Limited Listed | ₹7,735.5 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Bangalore, Karnataka, India |
| Trident Limited Listed | ₹7,047.23 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Barnala, Punjab, India |
| Godrej Properties Limited Listed | ₹6,967.05 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | Mumbai, Maharashtra, India |
| Micro Labs Limited | ₹6,499.64 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Bengaluru, Karnataka, India |
| K.P.R. Mill Limited Listed | ₹6,462.26 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Coimbatore, Tamil Nadu, India |
| DLF Cyber City Developers Limited | ₹6,448.46 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Gurgaon, Haryana, India |
| Wellknown Polyesters Limited | ₹6,403.95 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Nani Daman, Daman and Diu, India |
| B. G. Shirke Construction Technology Private Limited | ₹6,327.91 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Pune, Maharashtra, India |
| Swan Corp Limited this company | ₹4,371.2 Cr (FY 2026) | •••• | •••• | -11.5% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Swan Corp by revenue in the Real Estate industry (Builders and Developers, Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Swan Corp Limited
Swan Corp Limited is audited by N.N. Jambusaria & Co. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N.N. Jambusaria & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Swan Corp Limited
Swan Corp has 10 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohinton Eruch Shroff Also directs: Veritas (India) Limited, Cardinal Energy and Infrastructure Private Limited, Swan LNG Private Limited and 3 more | Director | 23 Aug 2022 | 4 Years 1 Months | Current |
| Chetan Kanaiyalal Selarka | Whole-Time Director | 14 Aug 2024 | 2 Years 1 Months | Current |
| Paresh Vasantlal Merchant Also directs: Veritas (India) Limited, Cardinal Energy and Infrastructure Private Limited, Swan Defence and Heavy Industries Limited and 5 more | Whole-Time Director | 23 Nov 1998 | 27 Years 10 Months | Current |
| Nikhil Vasantlal Merchant | Managing Director | 25 Mar 1992 | 34 Years 6 Months | Current |
| Navinbhai Chandulal Dave Also directs: Image Publications Private Limited, Sunflower Overseas Private Limited, Sunflower Financial Services Private Limited and 1 more | Director | 16 Nov 1998 | 27 Years 10 Months | Current |
| Sugavanam Padmanabhan | Whole-Time Director | 24 Sep 2010 | 16 Years 0 Months | Current |
Shareholding Pattern of Swan Corp Limited
Shareholding for the quarter ended Sep 2026: promoters hold 54.00%, foreign institutional investors hold 10.40%, domestic institutional investors hold 12.80% and retail and other public shareholders hold 22.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 54.00% | 54.00% | 54.00% | 54.00% |
| Public | 46.00% | 46.00% | 46.00% | 46.00% |
Charges & Borrowings of Swan Corp Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Mar 2025 | Others | ₹57 Lakh | Open |
| 12 Dec 2023 | Hdfc Bank Limited | ₹30 Lakh | Open |
| 26 Oct 2023 | Hdfc Bank Limited | ₹30 Lakh | Open |
| 27 Feb 2023 | Hdfc Bank Limited | ₹26.89 Lakh | Open |
| 03 Jan 2023 | Hdfc Bank Limited | ₹26.49 Lakh | Open |
Total charge records: 37 View all charges
Deals & Funding of Swan Corp Limited
Swan Corp Limited has 63 deals on record (56 market trades, 3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹1,002.34 Cr; the latest was in December 2025.
Deals on record (5 of 63)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | Market trade | ₹70.2 Cr | Buyer: Jupiter India Fund, The Jupiter Global Fund-Jupiter India Select Seller: Jainam Broking Limited |
| Nov 2025 | Market trade | ₹91.82 Cr | Seller: Jainam Broking Limited |
| Jul 2025 | Market trade | ₹100.53 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Dec 2024 | Market trade | ₹326.71 Cr | Buyer: Graviton Research Capital LLP , Aakraya Research LLP Seller: Graviton Research Capital LLP , Aakraya Research LLP |
| Dec 2024 | Market trade | ₹176.24 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
Full deal history
All 63 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Swan Corp Limited
Swan Corp Limited has 89 court cases on record: 42 filed by Swan Corp, 37 filed against it, 10 where it is another party. 27 cases are pending and 62 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 40 | 21 | 6 |
| High courts | 27 | 11 | 12 |
| NCLAT | 20 | 3 | 7 |
| Supreme Court | 2 | 2 | 2 |
Cases on record (5 of 89)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Interim or miscellaneous application | Filed by the company against Jindal Steel Limited and 1 other | Pending |
| Supreme Court | Appeal | Filed against the company by West End Investment and Finance Consultancy Pvt Ltd | Pending |
| Bombay High Court | Court case (CARBP) | Filed against the company by Subramanya Construction and Development Company Limited. | Disposed |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by Reliance Infrastructure Limited | Disposed |
| NCLAT, New Delhi | Insolvency matter | Filed against the company by Reliance Infrastructure Limited | Disposed |
Full case history
All 89 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Swan Corp Limited
Swan Corp operates one associated brand: Swan Corp. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Gas regasification units are developed and operated by the company. | swan.co.in |
Employees and EPFO Compliance at Swan Corp Limited
Swan Corp Limited has a workforce of 196 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Swan Corp Limited
Swan Corp has 7 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Veritas (India) Limited | L23209MH1985PLC035702 | - |
| Swan Mills Private Limited | U17120MH1979PTC021565 | - |
| Cardinal Energy And Infrastructure Private Limited | U40102MH2008PTC184568 | - |
| Swan Lng Private Limited | U40108GJ2013PTC073539 | - |
| Hazel Infra Limited | U45202MH2008PLC182355 | - |
| Pegasus Ventures Private Limited | U70102MH2012PTC229686 | - |
Showing major subsidiaries. Total: 7.
Name History of Swan Corp Limited
Swan Corp has undergone 2 name changes throughout its history. The company was previously known as Swan Mills Limited, and Swan Corp Limited. The current legal name is Swan Corp Limited.
| Company Name | Status |
|---|---|
| Swan Corp Limited | Current |
| Swan Mills Limited | Previous |
News related to Swan Corp Limited
Recent Activity on Swan Corp Limited
Swan Corp Limited has 38 board changes on record since 1990: 25 appointments and 13 cessations. The latest: Ashish Tulsidas Chhabria was appointed as Director on 25 Mar 2026.
98 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Swan Corp Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Swan Corp Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Swan Corp Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Swan Corp Limited
Swan Corp has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCS7890Q1ZE | Maharashtra | Active | 01 Jul 2017 |
| 24AABCS7890Q1ZK | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Swan Corp Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Swan Corp Limited
Swan Corp is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 22 February 1909 (117+ years old) and is registered under CIN L17100MH1909PLC000294. Listed on BSE: 503310 and NSE: SWANENERGY.
Swan Corp reported revenue of ₹4,371.2 Cr for FY 2025-26 (down 11.5% YoY) based on consolidated financials.
Swan Corp has 10 current directors:
- Nikhil Vasantlal Merchant - Managing Director
- Chetan Kanaiyalal Selarka - Whole-Time Director
- Paresh Vasantlal Merchant - Whole-Time Director
- Sugavanam Padmanabhan - Whole-Time Director
- Rohinton Eruch Shroff - Director
- Navinbhai Chandulal Dave - Director
- Jayaramakrishnan Kannan - Director
- Prabhakar Reddy Patil - Director
- Bhagwati Sharma - Director
- Ashish Tulsidas Chhabria - Director
The GSTIN of Swan Corp is 27AABCS7890Q1ZE, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AABCS7890Q1ZK (Gujarat).
The CIN (Corporate Identification Number) of Swan Corp is L17100MH1909PLC000294. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Swan Corp is listed on both BSE (code: 503310) and NSE (symbol: SWANENERGY).
Swan Corp has 89 court cases on record: 42 filed by the company and 37 filed against it. 27 are pending. Most are in the district courts.
Swan Corp was incorporated on 22 February 1909, making it 117+ years old. It is registered with the Registrar of Companies, Mumbai.
Swan Corp has 63 deals on record (56 market trades, 3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹1,002.34 Cr; the latest was in December 2025.
The peers of Swan Corp by revenue are Arvind Limited, Ausil Corporation Private Limited, Prestige Estates Projects Limited, Trident Limited, Godrej Properties Limited and 5 more, all in the Real Estate industry (Builders and Developers, Textiles).
Ashish Tulsidas Chhabria was appointed as Director on 25 Mar 2026. Bhagwati Sharma was appointed as Director on 23 Mar 2026. Shanaya Manish Munot was appointed as Additional Director on 16 Sep 2025. Swan Corp has 38 board changes on record in total.