Debut Plus

₹2,222.4

▼ -21.09 -0.94%

17 Jul 2026

NSE Listed

Swan Defence N Hevy Ind Limited (SWANDEF)

Volume: 5,070Avg Vol 1W: 36,662.8Avg Vol 1M: 23,712.6552W Range:₹306.25₹2,489
NSE BSE www.rnaval.co.in
Key Ratios
Checked 19h ago
Market Cap₹11,590 Cr
Current Price₹2,222.4
Previous Close₹2,243.49
High / Low (52w)₹2,489 / ₹306.25
Volume5,070
Avg Vol (1W)36,662.8
Avg Vol (1M)23,712.65
Stock P/E0
Book Value₹55.4
Dividend Yield—
ROE0%
ROA—
Revenue (TTM)₹18 Cr
Revenue Growth—
Profit Margin—
Total Debt₹1,144 Cr
Shares Outstanding—
Face Value₹10
EPS (TTM)₹-34.45
P/B1.64
Debt / Equity6.17
50 DMA₹2,094.85
200 DMA₹1,566.4
Day change-0.94%
Price Chart
₹2,222.4▲ 625.68% · 1Y
₹2399₹3061.7L
2025-07-21
2026-07-15

20-day avg volume: 24K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 224% YoY.
Cons
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹0 Cr₹1 Cr₹1 Cr₹5 Cr₹0 Cr₹40 Cr₹6 Cr₹236 Cr
EBITDA₹-41 Cr₹-49 Cr₹-50 Cr₹-18 Cr₹-29 Cr₹-18 Cr₹-30 Cr₹-138 Cr
Net Profit₹-51 Cr₹-53 Cr₹-53 Cr₹-23 Cr₹-31 Cr₹-20 Cr₹-33 Cr₹-142 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹457 Cr₹185 Cr₹99 Cr₹31 Cr₹17 Cr₹8 Cr₹2 Cr₹18 Cr
EBITDA₹-308 Cr₹-152 Cr₹-226 Cr₹-73 Cr₹-89 Cr₹-115 Cr₹-95 Cr₹-158 Cr
Net Profit₹-1,012 Cr₹-10,927 Cr₹-1,761 Cr₹-3,427 Cr₹-2,086 Cr₹17,937 Cr₹-121 Cr₹-181 Cr
EPS-13.72-148.14-23.87-46.46-28.2866,875.98-449.62-51.51
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹12,994 Cr₹4,146 Cr₹4,747 Cr₹3,807 Cr₹3,743 Cr₹2,785 Cr₹2,743 Cr₹2,892 Cr
Total Liabilities₹12,551 Cr₹14,568 Cr₹16,925 Cr₹19,111 Cr₹21,133 Cr₹2,238 Cr₹2,267 Cr₹2,596 Cr
Equity₹443 Cr₹-10,421 Cr₹-12,178 Cr₹-15,304 Cr₹-17,390 Cr₹547 Cr₹477 Cr₹296 Cr
Total Debt————————
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-230 Cr₹-127 Cr₹-1,186 Cr₹709 Cr₹2,007 Cr₹1,425 Cr₹-70 Cr₹-97 Cr
Investing₹-15 Cr₹-16 Cr₹49 Cr₹-1 Cr₹2 Cr₹12 Cr₹-11 Cr₹-162 Cr
Financing₹280 Cr₹102 Cr₹1,099 Cr₹-707 Cr₹-1,999 Cr₹-1,460 Cr₹91 Cr₹269 Cr
Free Cash Flow₹-230 Cr₹-127 Cr₹-1,186 Cr₹709 Cr₹2,007 Cr₹1,425 Cr₹-70 Cr₹-97 Cr
Shareholding
Promoter 89.9% Institutions 2.66% Public 7.44%
Efficiency & Working Capital
ROCE0%
Interest Coverage-7.7
Dividend Payout—
Debtor Days—
Inventory Days—
Payable Days—
Cash Conversion Cycle—
Working Capital Days—
Shareholding Details

As of 2026-03-31

Promoter89.9%
FII0.6%
DII2.1%
Institutions2.7%
Public7.4%
Promoter Pledge0%
No. of Shareholders87,730
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2024Aug 2024Aug 2024Sept 2024Nov 2024Nov 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters94.9%94.9%94.9%94.9%94.9%94.9%94.9%94.9%94.9%94.9%94.9%89.9%
FIIs0%0%0%0%0%0%0%0%0%0%0%0.6%
DIIs0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%2.1%
Public4.7%4.7%4.7%4.7%4.7%4.7%4.7%4.7%4.7%4.7%4.7%7.4%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders1,01,2371,01,2371,01,2371,01,2371,00,6621,00,6621,00,66299,42898,30296,58693,16687,730
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Hazel Infra LimitedShareholding of Promoter and Promoter Group89.9%4.74 Cr
Quant Mutual Fund-quant Elss Tax Saver FundPublic Shareholding1.3%6,57,922
Zerodha BrokingPublic Shareholding1%5,50,000
Vistra Itcl India LimitedPublic Shareholding1%5,27,654
Swan Corp Limited (formerly Known As Swan Energy Limited)Shareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Hazel Infra Limited00%2026-03-31
Swan Corp Limited (formerly Known As Swan Energy Limited)00%2026-03-31
Quant Mutual Fund-quant Elss Tax Saver Fund00%2026-03-31
Vistra Itcl India Limited00%2026-03-31
Zerodha Broking00%2026-03-31
Hazel Infra Limited00%2025-12-31
Swan Corp Limited (formerly Known As Swan Energy Limited)00%2025-12-31
Vistra Itcl India Limited00%2025-12-31
Hazel Infra Limited00%2025-09-30
Swan Corp Limited (formerly Known As Swan Energy Limited)00%2025-09-30
Vistra Itcl India Limited00%2025-09-30
Hazel Infra Limited00%2025-06-30
Board of Directors
NameDesignationYear
Nikhil MerchantChairman / Executive Director / Managing Director2025
Arvind MorbaleNon Independent Non Executive Director / WTD2025
Paresh V MerchantNon-Exec & Non-Independent Dir2025
VIVEK PARESH MERCHANTNon-Exec & Non-Independent Dir2025
BHAVIK NIKHIL MERCHANTNon-Exec & Non-Independent Dir2025
ARUN SINHAIndependent Non Exe. Director2025
Kaiyoze B BillimoriaIndependent Non Exe. Director2025
Ashish J BairagraIndependent Non Exe. Director2025
Maya SinhaIndependent Non Exe. Director2025
Prabhakar R PatilIndependent Non Exe. Director2025
Priti P DaveCompany Sec. & Compli. Officer2025
Jayaramakrishnan KannanDirector2025
Segments — Product
SegmentRevenueShare
Ship Building and Fabrication₹306 Cr100%
Segments — Geography
RegionRevenueShare
Within India₹75 Cr100%
Outside India₹0 Cr0%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹1011,0005353
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025962020100
202578200079
202518002020
Insider / Designated-Person Trades

1 recent disclosure(s)

Hazel Infra LimitedDisposal · 26,38,747
Substantial Acquisitions (SAST)

2 disclosure(s)

'Insolvency & Bankruptcy Code 2016 By Nclt'08/12/2023 · 5,00,00,000
—08/12/2023 · 5,00,00,000
Company Information
Incorporated1997
ChairmanNikhil Merchant
AuditorN N Jambusaria & Co
Investor Email[email protected]
🌐 www.rnaval.co.in ↗

📍 Pipavav Port, Post Ucchaiya Via-Rajula, Amreli, Gujarat, 365560

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