
Swan Defence and Heavy Industries Limited has been making waves in the industry with its impressive business performance. The company's revenue has been steadily increasing over the years, with a notable spike in 2020.
One of the key factors contributing to this growth is the company's strategic partnerships with major defense contractors. This has enabled Swan Defence to tap into new markets and expand its customer base.
The company's focus on research and development has also been a major driver of its success. In 2019, Swan Defence invested heavily in upgrading its manufacturing facilities to produce more advanced products.
Swan Defence's commitment to quality and customer satisfaction has earned it a reputation as a reliable supplier in the industry.
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Company Information
Swan Defence and Heavy Industries Limited is listed on the stock market, specifically under the category of equities. This means you can buy and sell its stock, SWANDEF, on the market.
The company's stock ticker symbol is SWANDEF, and it's traded as part of the equities category.
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Company Details
Swan Defence and Heavy Industries Limited is a company that can be found on the stock market.
You can identify the company on the stock market through its stock symbol, SWANDEF.
The company is involved in equities, which is a type of investment.
Here are the company details:
- Stock Market
- Equities
- SWANDEF Stock
- Company Swan Defence and Heavy Industries Limited
Directors' Composition
The composition of the board of directors is an important aspect of a company's structure. The Swan Defence and Heavy Industries Limited has a diverse group of directors.
Nikhil Vasantlal Merchant is the Chairman of the board, having taken on the role on February 12, 2024, at the age of 65. He brings a wealth of experience to the position.
The board also includes several other directors, including Paresh Vasantlal Merchant, who has been a director since December 7, 2023. He is 61 years old.
Bhavik Nikhil Merchant and Vivek Paresh Merchant are also directors, although their ages are not specified. They joined the board on December 7, 2023.
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Maya Swaminathan Sinha is another director, who is 66 years old and joined the board on December 13, 2023. Kaiyoze Beji Billimoria and Arun Sinha are also directors, although their ages are not specified.
Ashishkumar J. Bairagra is a 46-year-old director who joined the board on December 13, 2023. Prabhakar Reddy Patil is a 63-year-old director who joined the board on December 15, 2023.
Here is a list of the directors and their ages:
Financial Performance
Swan Defence and Heavy Industries Limited's financial performance is a mixed bag. The company's profit is oscillating, indicating a fluctuating financial health.
The profit for the trailing twelve months (TTM) is a significant -₹161.23 Crs, which is a substantial loss. This suggests that the company is struggling to turn a profit.
The company's profit for Mar 2025 was even lower at -₹181.04 Crs, indicating a continued decline in financial performance.
Financial Results
Financial Results can be a bit tricky to navigate, but don't worry, I'm here to break it down for you.
All financial results for the Company for quarter ended March 2025 and thereafter will be available under Integrated Filing - Financials.
The Company has made it clear that all financial results will be available in one place, making it easier for you to access the information you need.
You can find the financial results by clicking here.
The financial results will give you a clear picture of the Company's financial health, so it's worth taking a close look.
The profit of Swan Defence & Heavy is oscillating, with a profit of -₹161.23 Crs for TTM, -₹181.04 Crs for Mar 2025, and -₹120.59 Crs for Mar 2024.
Here are the key financial results for your reference:
Financial Stability vs. Competitors
Swan Defence & Heavy seems to be less financially stable compared to its competitors, with an Altman Z score of 1.22 and a ranking of 8 out of 8 competitors.
Their financial stability is a concern, as it can impact their ability to weather economic downturns and invest in growth opportunities.
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Swan Defence & Heavy has given better returns compared to its competitors, with a growth rate of ~486.72% over the last 3 years, while peers have grown at a median rate of -8.18%.
This significant outperformance suggests that Swan Defence & Heavy has been able to capitalize on its strengths and opportunities, despite its financial stability concerns.
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Regulatory and Compliance
Swan Defence and Heavy Industries Limited takes its regulatory and compliance responsibilities seriously, as evident from its Annual Secretarial Compliance Report for the year ended March 31, 2025.
The company has appointed a Secretarial Auditor to ensure its secretarial compliances are up to date and in line with regulatory requirements. This appointment is a crucial step in maintaining transparency and accountability.
The company also makes timely disclosures under Regulation 30 of the SEBI (LODR) Regulations, 2015, as seen in its announcement dated [insert date].
Annual Secretarial Compliance under Reg. 24(A)
Annual Secretarial Compliance under Reg. 24(A) is a crucial aspect of corporate governance.
Companies like Swan Defence and Heavy Industries are required to submit an Annual Secretarial Compliance Report to the relevant authorities.
This report provides a detailed overview of the company's compliance with regulatory requirements.
The report includes information on the appointment of a Secretarial Auditor, which is a key aspect of ensuring transparency and accountability.
The auditor's role is to verify the company's compliance with regulatory requirements, including those outlined in Reg. 24(A).
The report for Swan Defence and Heavy Industries covers the year ended March 31, 2025, and highlights the company's commitment to adhering to regulatory requirements.
A well-documented Annual Secretarial Compliance Report is essential for companies to maintain a good reputation and avoid potential penalties.
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LODR Regulation 30A Disclosure
LODR Regulation 30A Disclosure is an important aspect of regulatory compliance, particularly for companies listed on the stock exchange.
Companies like Swan Defence and Heavy Industries are required to disclose information under Regulation 30A of the LODR, which deals with the appointment of authorized personnel for determining materiality of events or information.
Swan Defence and Heavy Industries has disclosed the appointment of authorized personnel under Regulation 30A, as mentioned in their Disclosure under Regulation 30A of LODR.
These authorized personnel are responsible for determining what events or information are material and need to be disclosed to the public.
In the case of Swan Defence and Heavy Industries, they have appointed authorized personnel to determine materiality of events or information under Regulation 30 of SEBI (LODR) Regulations, 2015.
This is evident from their press release, which mentions the appointment of authorized personnel for determining materiality of events or information under Regulation 30 of SEBI (LODR) Regulations, 2015.
The authorized personnel play a crucial role in ensuring that companies comply with the LODR regulations and maintain transparency with their stakeholders.
Swan Defence and Heavy Industries has also used this disclosure to announce their partnership with Wheel & Time to launch India's first integrated F.A.S.T. Logistics Ecosystem for Heavy Fabrication.
This partnership was announced through a press release, which was disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015.
The company has also scheduled a Board Meeting to consider and approve the proposal to raise funds through public and/or private offerings, including qualified institutions placement, further public offer or other permissible mode under the applicable laws.
This meeting is scheduled to be held on April 23, 2025, as mentioned in their Schedule of Investor Meet Intimation.
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Intimation
Intimation is a crucial aspect of regulatory compliance. Companies must inform the stock exchange about upcoming Board Meetings.
Swan Defence and Heavy Industries has informed BSE about their Board Meeting scheduled on 01/08/2025. This is a standard practice under SEBI's LODR Regulation.
The company will consider and approve the Unaudited Financial results for the quarter ended June 2025. This is a key agenda item for the Board Meeting.
Swan Defence and Heavy Industries has also informed BSE about their Board Meeting scheduled on 23/05/2025. This meeting is to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025.
Companies must provide a clear and concise intimation about the Board Meeting, including the date, time, and agenda items. This helps stakeholders stay informed and make informed decisions.
Swan Defence and Heavy Industries has used the standard format for Board Meeting intimation, as required by SEBI's LODR Regulation. This format includes details about the meeting, such as the date, time, and agenda items.
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Corporate Announcements
Swan Defence and Heavy Industries Limited has made several significant announcements in recent times. The company has submitted its quarterly unaudited financial results for the quarter ended 30th June, 2025.
These results were approved by the company's board of directors during a meeting. The board also approved an amendment to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.
Swan Defence and Heavy Industries has inked an exclusive deal with Royal IHC, a leading offshore oil and gas vessel company in Europe. This deal is expected to boost the company's shipbuilding business.
The company has also partnered with SMFCL to explore financing support for shipbuilding under the Maritime focused Equity Fund.
Competitors and Market
Swan Defence & Heavy seems to be less financially stable compared to its competitors, with an Altman Z score of 1.22 and ranking 8 out of 8 competitors.
This financial stability issue is a notable concern, especially when compared to its peers.
The company's financial instability is a key factor to consider when evaluating its overall performance.
Share Price Growth vs. Competition
Swan Defence & Heavy has given better returns compared to its competitors.
In fact, the company has grown at an astonishing 486.72% over the last 3 years, leaving its peers in the dust.
Its competitors, on the other hand, have experienced a median rate of -8.18% growth over the same period.
This significant disparity in growth rates suggests that Swan Defence & Heavy is a standout performer in its industry.
Reliance Shipyard Resumes Operations
Reliance Naval and Engineering's Swan's Shipyard has resumed operations.
In October, the company named Vinip Kumar Saxena as Chief Executive Officer, but that's not directly related to the shipyard's operations.
Reliance Naval and Engineering's CFO situation changed in November when Rishi Chandra resigned and Rajesh Bhardwaj took his place.
Competitors of
Swan Defence & Heavy has some notable competitors in the market. Mahindra Logistics, Gateway Distriparks, and Allcargo Logistics are among them.
These competitors have a significant market presence, with their market caps ranging from ₹3,138 Crs to ₹3,520 Crs. The median market cap of Swan Defence & Heavy's peers is ₹3,138 Crs.
Promoters stake in Swan Defence & Heavy is quite high, at 94.91%. This suggests that the company's management team has a strong commitment to the business.
However, a closer look at the company's financials reveals some concerns. The Altman Z score of Swan Defence & Heavy is 1.22, which is lower than its competitors. This indicates that the company may be less financially stable compared to its peers.
Despite these concerns, Swan Defence & Heavy has managed to deliver impressive returns. Over the last 3 years, the company's share price has grown at a rate of ~486.72%, outpacing its competitors' median growth rate of -8.18%.
Tax and Debt
Swan Defence and Heavy Industries Limited has recently received a total tax demand order for a significant amount. The order is for 29.7 million rupees.
The company has also been dealing with increasing debt, with the latest net debt standing at ₹2,373 Crs as of Mar-25. This is higher than the previous year's net debt of ₹2,096 Crs.
Here's a comparison of the company's net debt over the two periods:
Debt Trend

The debt trend of a company can be a crucial factor in its overall financial health. The net debt of Swan Defence & Heavy is increasing, with the latest figure standing at ₹2,373 Crs as of Mar-25.
This is a significant increase from the previous year, with the company's net debt rising by ₹277 Crs. The growing debt can put a strain on the company's finances and may impact its ability to invest in new projects or pay dividends.
As we've seen with Swan Defence & Heavy, a rising debt trend can be a cause for concern. The company's increasing net debt is a sign that it may be struggling to manage its finances effectively.
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Total Tax Demand: 29.7 Million Rupees
Swan Defence and Heavy Industries Ltd received a total tax demand order for 29.7 million rupees.
This is a significant amount of money, and it highlights the importance of tax compliance for businesses.
The tax demand order was issued on March 5, as reported by Reuters.
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Shareholder and AGM

The company's shareholder meeting was a significant event, with a postal ballot outcome reported after the 28th Annual General Meeting.
The voting results and summary of proceedings were submitted, providing insight into the company's decision-making processes.
SDHI, a major player in the industry, inks an exclusive deal with Royal IHC, a leading offshore oil and gas vessel company in Europe.
This partnership is a significant step forward for SDHI, marking a major milestone in its growth trajectory.
SDHI also partners with SMFCL to explore financing support for shipbuilding through the Maritime focused Equity Fund.
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Regulatory Filings
Swan Defence and Heavy Industries Limited is committed to transparency and compliance with regulatory requirements. The company submits its annual report to the Registrar of Companies, as stated in Reg. 34 (1) of the Annual Report.
The company also discloses information under Regulation 30 of SEBI (LODR) Regulations, 2015, which includes intimation of authorized personnel for determining materiality of events or information. This is evident in the press release announcing the signing of a Memorandum of Understanding (MoU) between SDHI, Wheel & Time to launch India's first Integrated F.A.S.T. Logistics Ecosystem for Heavy Fabrication.
The company has informed the BSE about its Board Meeting scheduled on 23rd April 2025, where it will consider proposals to raise funds through public and/or private offerings. This information is available in the Schedule of Investor Meet Intimation.
Related Party Transactions
Related Party Transactions are an important part of regulatory filings, and they're subject to specific regulations.
For instance, the Company discloses all Related Party Transactions submitted for the quarter ended March 2025 and thereafter under Integrated Filing - Financials.
You can access these transactions by clicking on the link provided.
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Annual Report Reg 34
Annual Report Reg 34 involves submitting copies of newspaper publications of financial results.
Swan Defence and Heavy Industries Ltd submits its Annual Report under Regulation 34 (1).
The company has informed BSE that it will submit copies of newspaper publications of financial results.
Regulation 34 (1) Annual Report is a mandatory filing requirement for listed companies.
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