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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Swan Energy Ltd

Basic Stock Data

Last Updated: June 12, 2024, 11:20 am

Market Cap 18,887 Cr.
Current Price 603
High / Low783/214
Stock P/E62.7
Book Value 200
Dividend Yield0.02 %
ROCE8.28 %
ROE7.03 %
Face Value 1.00
PEG Ratio0.99

Competitors of Swan Energy Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SPL Industries Ltd 179 Cr. 61.680.8/52.215.2 68.70.00 %9.32 %6.08 % 10.0
Kitex Garments Ltd 1,419 Cr. 213288/16225.4 1360.70 %6.93 %6.33 % 1.00
Cityman Ltd 31.0 Cr. 26.526.5/14.3 5.350.00 %4.69 %% 10.0
Pearl Global Industries Ltd 2,784 Cr. 639735/25816.4 1841.37 %20.4 %22.3 % 5.00
Libas Consumer Products Ltd 48.0 Cr. 18.227.4/11.09.22 29.80.00 %7.15 %6.89 % 10.0
Industry Average2,799.37 Cr2,121.2825.83177.050.36%18.77%24.50%7.38

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales1064659693122601431019338041,2231,5921,398
Expenses703835572882551421157495679661,3361,280
Operating Profit36824122461-14184237257256118
OPM %34%17%41%18%8%2%1%-13%20%30%21%16%8%
Other Income2241-02356447639
Interest76395143554956566257585853
Depreciation31181818171818182727272734
Profit before tax-69-47-41-48-49-59-70-3210015717823440
Tax %14%16%8%17%15%17%17%51%38%8%7%6%-40%
Net Profit-59-40-37-40-41-50-58-166214516622056
EPS in Rs-1.16-0.91-1.05-0.84-0.72-1.00-1.210.640.212.843.204.360.85

Last Updated: June 10, 2024, 6:12 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 26, 2024, 5:11 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1392793333143323513478923413204871,4384,552
Expenses982352952843043173128142892524191,2073,618
Operating Profit4043383128333578526868231934
OPM %29%16%11%10%8%10%10%9%15%21%14%16%21%
Other Income11121414713110199471178
Interest92038302432585450108189223235
Depreciation4612101112141415427081108
Profit before tax382935037329-4-78-184-62669
Tax %30%36%117%43%229%78%25%121%-14%12%14%2%
Net Profit2619-03-0155-6-5-69-158-61587
EPS in Rs1.390.98-0.020.14-0.010.032.24-0.22-0.20-2.81-5.98-2.3110.50
Dividend Payout %11%26%-772%110%-582%272%4%-46%-51%-4%-2%-4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142015-20162017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-26.92%-100.00%-100.00%5400.00%-110.91%16.67%-1280.00%-128.99%61.39%
Change in YoY Net Profit Growth (%)0.00%-73.08%0.00%5500.00%-5510.91%127.58%-1296.67%1151.01%190.38%

Growth

Compounded Sales Growth
10 Years:18%
5 Years:33%
3 Years:62%
TTM:457%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:398%
Stock Price CAGR
10 Years:26%
5 Years:43%
3 Years:70%
1 Year:190%
Return on Equity
10 Years:-4%
5 Years:-6%
3 Years:-8%
Last Year:-4%

Last Updated: April 11, 2024, 7:59 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital19192222222224242424262626
Reserves1691824094084084099078998908501,2192,2572,501
Borrowings2984265657058178219121,0771,2063,0774,1174,9855,148
Other Liabilities5978035705545385967931,1691,3689851,0352,9563,277
Total Liabilities1,0831,4301,5651,6901,7851,8482,6363,1703,4894,9366,39710,22510,952
Fixed Assets1032983793733846045775645562,2822,2384,2254,182
CWIP2824174505095513136171,2241,6851,9272,3893,2533,443
Investments429112832414981330126
Other Assets6567067358078489231,1181,2331,2397261,7682,7173,200
Total Assets1,0831,4301,5651,6901,7851,8482,6363,1703,4894,9366,39710,22510,952

Reserves and Borrowings Chart

Swan Energy Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 18638-159-110123696242-9530229-491
Cash from Investing Activity -187-297-105-61-63-29-533-763-324-2,001-494-860
Cash from Financing Activity 9598256173-45-294817074271,7601,309598
Net Cash Flow94-162-92151210-14862843-752

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-258.00-383.00-527.00-674.00-789.00-788.00-877.0077.0051.0065.0064.00227.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days87617267649660175833160453
Inventory Days2,0958087108127937908617420629319289
Days Payable141821088569110384199267232329
Cash Conversion Cycle2,04178767479378877753671172259120213
Working Capital Days729616423690599228213-268-461-4250237
ROCE %8%4%3%2%3%3%3%2%1%0%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters64.89%64.89%64.89%64.09%64.09%64.09%64.09%64.09%64.09%64.09%64.09%53.96%
FIIs8.09%8.07%9.01%8.50%8.59%8.46%17.16%17.13%17.12%17.56%10.47%11.16%
DIIs3.51%3.50%3.36%2.88%2.89%2.89%2.92%2.92%2.89%2.90%5.82%14.33%
Public23.51%23.54%22.74%24.53%24.43%24.55%15.84%15.85%15.90%15.45%19.61%20.53%
No. of Shareholders6,88411,13911,5029,92913,99714,41016,22718,76019,49340,01956,45298,555

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Infrastructure Fund1,200,0004.6461.321,200,0002024-06-200%
Quant Flexi Cap Fund1,000,0001.7651.11,200,0002024-06-20-16.67%
Quant Quantamental Fund800,0002.9540.881,200,0002024-06-20-33.33%
Samco Active Momentum Fund610,0006.2231.171,200,0002024-06-20-49.17%
Bandhan Small Cap Fund362,3190.4818.511,200,0002024-06-20-69.81%
Bandhan Infrastructure Fund171,1250.998.741,200,0002024-06-20-85.74%
Bank of India Mid & Small Cap Equity & Debt Fund90,0000.774.61,200,0002024-06-20-92.5%
Bank of India Flexi Cap Fund60,0000.553.071,200,0002024-06-20-95%
Nippon India Nifty Smallcap 250 Index Fund48,4380.262.481,200,0002024-06-20-95.96%
Bank of India Manufacturing & Infrastructure Fund43,8321.192.241,200,0002024-06-20-96.35%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)20.57-2.52-6.46-2.80-0.20
Diluted EPS (Rs.)20.57-2.52-6.46-2.80-0.20
Cash EPS (Rs.)22.360.76-3.32-1.100.39
Book Value[Excl.RevalReserv]/Share (Rs.)255.98141.5264.3557.2260.13
Book Value[Incl.RevalReserv]/Share (Rs.)255.98141.5264.3557.2260.13
Revenue From Operations / Share (Rs.)160.0654.4918.4613.1213.95
PBDIT / Share (Rs.)30.339.172.852.932.48
PBIT / Share (Rs.)26.666.080.181.231.89
PBT / Share (Rs.)19.44-2.36-6.98-3.20-0.17
Net Profit / Share (Rs.)18.69-2.31-5.98-2.81-0.19
NP After MI And SOA / Share (Rs.)9.61-2.31-5.98-2.81-0.19
PBDIT Margin (%)18.9416.8215.4322.3517.78
PBIT Margin (%)16.6511.161.009.3513.52
PBT Margin (%)12.14-4.32-37.81-24.35-1.24
Net Profit Margin (%)11.67-4.24-32.40-21.41-1.41
NP After MI And SOA Margin (%)6.00-4.24-32.40-21.41-1.41
Return on Networth / Equity (%)4.79-2.67-12.67-7.84-0.52
Return on Capital Employeed (%)7.702.010.090.872.73
Return On Assets (%)2.47-0.59-2.46-1.39-0.13
Long Term Debt / Equity (X)0.401.722.842.280.20
Total Debt / Equity (X)0.542.093.293.481.28
Asset Turnover Ratio (%)0.440.170.120.100.13
Current Ratio (X)3.131.141.410.350.24
Quick Ratio (X)2.951.021.260.250.17
Inventory Turnover Ratio (X)16.100.982.942.031.77
Dividend Payout Ratio (NP) (%)0.00-4.32-1.54-3.55-50.53
Dividend Payout Ratio (CP) (%)0.0013.00-2.78-9.0625.20
Earning Retention Ratio (%)0.00104.32101.54103.55150.53
Cash Earning Retention Ratio (%)0.0087.00102.78109.0674.80
Interest Coverage Ratio (X)4.201.090.390.661.20
Interest Coverage Ratio (Post Tax) (X)3.590.720.160.360.90
Enterprise Value (Cr.)24843.4811668.988720.756778.094131.48
EV / Net Operating Revenue (X)4.958.1117.9021.1512.12
EV / EBITDA (X)26.1348.24115.9994.6068.17
MarketCap / Net Operating Revenue (X)4.183.9310.5210.367.19
Retention Ratios (%)0.00104.32101.54103.55150.53
Price / BV (X)3.342.484.123.802.68
Price / Net Operating Revenue (X)4.183.9310.5210.367.19
EarningsYield0.01-0.01-0.03-0.020.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 881.74

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 46.23% compared to the current price 603

Intrinsic Value: 1,442.04

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 139.14% compared to the current price ₹603

Last 5 Year EPS CAGR: 63.54%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (318.46 cr) and profit (40.08 cr) over the years.
  1. The stock has a low average ROCE of 2.58%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 251.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 432.67, which may not be favorable.
  4. The company has higher borrowings (1,845.67) compared to reserves (1,257.17), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Swan Energy Ltd:
    1. Net Profit Margin: 11.67%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 7.70% (Industry Average ROCE: 32.28%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 4.79% (Industry Average ROE: 66.45%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.59
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.95
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 62.7 (Industry average Stock P/E: 39.1)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.54
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

Swan Energy Ltd. is a Public Limited Listed company incorporated on 22/02/1909 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L17100MH1909PLC000294 and registration number is 000294. Currently Company is involved in the business activities of Finishing of textiles. Company’s Total Operating Revenue is Rs. 408.72 Cr. and Equity Capital is Rs. 26.39 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Realty6, Feltham House, Mumbai Maharashtra 400001swan@swan.co.in
http://www.swan.co.in
Management
NamePosition Held
Mr. Navinbhai C DaveChairman
Mr. Nikhil V MerchantManaging Director
Mr. Paresh V MerchantExecutive Director
Mr. Sugavanam PadmanabhanWhole Time Director
Mr. Pitamber S TeckchandaniDirector
Mr. Shobhan I DiwanjiDirector
Mr. Rajat Kumar Das GuptaDirector
Mrs. Surekha N OakDirector

FAQ

What is the latest fair value of Swan Energy Ltd?

The latest fair value of Swan Energy Ltd is ₹881.74.

What is the Market Cap of Swan Energy Ltd?

The Market Cap of Swan Energy Ltd is 18,887 Cr..

What is the current Stock Price of Swan Energy Ltd as on 23 June 2024?

The current stock price of Swan Energy Ltd as on 23 June 2024 is ₹603.

What is the High / Low of Swan Energy Ltd stocks in FY 2024?

In FY 2024, the High / Low of Swan Energy Ltd stocks is 783/214.

What is the Stock P/E of Swan Energy Ltd?

The Stock P/E of Swan Energy Ltd is 62.7.

What is the Book Value of Swan Energy Ltd?

The Book Value of Swan Energy Ltd is 200.

What is the Dividend Yield of Swan Energy Ltd?

The Dividend Yield of Swan Energy Ltd is 0.02 %.

What is the ROCE of Swan Energy Ltd?

The ROCE of Swan Energy Ltd is 8.28 %.

What is the ROE of Swan Energy Ltd?

The ROE of Swan Energy Ltd is 7.03 %.

What is the Face Value of Swan Energy Ltd?

The Face Value of Swan Energy Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Swan Energy Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE