Daily NSE closing prices — this stock isn't in the live-tracked universe yet.
NSE Close — 25 Sep 2026
₹2,679.7
Change
-36.9 (-1.36%)
Open
₹2,709.0
Prev. Close
₹2,716.6
Day High
₹2,780.0
Day Low
₹2,610.0
Volume Analysis
Traded
12,520
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (1)
- •Promoter holding is rising
Weaknesses (4)
- •High debt-to-equity ratio (39.83)
- •Low return on equity (-124.0%)
- •Below-average fundamentals quality score (36/100)
- •Low operating margin (-96.0%)
Opportunities (1)
- •Strong 3-year revenue growth (354.7%)
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹2,939.8 | ₹2,859.9 | ₹2,769.8 | ₹2,689.9 | ₹2,599.8 | ₹2,519.9 | ₹2,429.8 |
| Fibonacci | ₹2,859.9 | ₹2,794.96 | ₹2,754.84 | ₹2,689.9 | ₹2,624.96 | ₹2,584.84 | ₹2,519.9 |
| Camarilla | ₹2,726.45 | ₹2,710.87 | ₹2,695.28 | ₹2,689.9 | ₹2,664.12 | ₹2,648.53 | ₹2,632.95 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
+83.84%
1 Week
-1.24%
1 Month
+9.15%
3 Months
+21.97%
6 Months
+69.11%
1 Year
+364.34%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
DuPont ROE Breakdown
-309.28%
Net margin -75.96% × asset turnover 0.09x × equity multiplier 45.24x
Company Overview
Sector
Capital Goods
Market Cap
₹14,117 Cr
ROE
-124.0%
Book Value
₹13.2
Face Value
₹10.0
Source: Screener.in (Consolidated figures) — data as of 27 Sep 2026. Not investment advice.
TopFund Analysis
Swan Defence N Hevy Ind L scores weakly on TopFund's composite fundamentals check within the Capital Goods sector, at 36/100. The strongest factor is Growth (100/100), while Financial Strength (0/100) is the weakest area to weigh before deciding. Notably: Promoter holding is rising; high debt-to-equity ratio (39.83); low return on equity (-124.0%). Strong 3-year revenue growth (354.7%).
TopFund Score — Fundamentals Quality
36/100 — WeakData confidence: 74/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Debtor days have improved from 20.6 to 16.0 days.
- −Stock is trading at 203 times its book value
- −Company has low interest coverage ratio.
- −Company has a low return on equity of -48.9% over last 3 years.
- −Company might be capitalizing the interest cost
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Triumph Offshore-Swan Defence amalgamation became effective on 17 September 2026; appointed date 1 April 2024.
Management to meet institutional investors in-person from 21–30 September 2026.
Management will meet institutional investors in Mumbai on 17-18 September 2026.
29th AGM held on 2 Sep 2026; all 8 resolutions, including fund raising approval, passed.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Mar 2020 | Jun 2020 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 17 | 2 | 0 | 0 | 0 | 1 | 1 | 5 | 0 | 40 | 6 | 236 | 31 |
| Expenses + | 151 | 20 | 6 | 12 | 28 | 35 | 38 | 14 | 32 | 47 | 26 | 487 | 52 |
| Operating Profit | -133 | -18 | -6 | -12 | -28 | -34 | -37 | -9 | -32 | -8 | -20 | -250 | -21 |
| OPM % | -773.0% | -912.0% | — | — | — | -3,550.0% | -3,159.0% | -192.0% | -7,529.0% | -19.0% | -341.0% | -106.0% | -69.0% |
| Other Income + | -44 | -161 | 0 | 0 | 2 | 1 | 1 | 5 | 18 | 5 | 5 | 131 | 11 |
| Interest | 394 | 389 | 5 | 10 | 10 | 6 | 2 | 2 | 2 | 2 | 3 | 5 | 16 |
| Depreciation | 18 | 18 | 17 | 17 | 15 | 15 | 15 | 16 | 15 | 15 | 16 | 18 | 15 |
| Profit before tax | -589 | -586 | -27 | -39 | -51 | -53 | -53 | -23 | -31 | -20 | -33 | -142 | -42 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Profit + | -589 | -586 | -27 | -39 | -51 | -53 | -53 | -23 | -31 | -20 | -33 | -142 | -42 |
| EPS in Rs | -8 | -8 | -5 | -7 | -10 | -10 | -10 | -4 | -6 | -4 | -6 | -27 | -8 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 912 | 312 | 563 | 378 | 180 | 75 | 6 | 6 | 3 | 0 | 7 | 282 | 312 |
| Expenses + | 830 | 459 | 529 | 557 | 266 | 253 | 30 | 33 | 36 | 29 | 115 | 591 | 611 |
| Operating Profit | 81 | -147 | 34 | -179 | -86 | -178 | -24 | -27 | -33 | -29 | -108 | -309 | -299 |
| OPM % | 9.0% | -47.0% | 6.0% | -47.0% | -48.0% | -235.0% | -376.0% | -421.0% | -1,039.0% | — | -1,619.0% | -110.0% | -96.0% |
| Other Income + | 31 | 34 | 39 | -84 | -9,011 | -42 | -1,298 | 13 | 19,508 | 2 | 8 | 158 | 152 |
| Interest | 487 | 537 | 626 | 754 | 1,368 | 1,469 | 2,032 | 1,999 | 1,470 | 26 | 21 | 12 | 26 |
| Depreciation | 204 | 221 | 208 | 208 | 70 | 72 | 74 | 74 | 68 | 68 | 61 | 63 | 63 |
| Profit before tax | -578 | -871 | -760 | -1,224 | -10,536 | -1,761 | -3,427 | -2,086 | 17,937 | -121 | -182 | -228 | -237 |
| Tax % | -36.0% | -32.0% | -24.0% | -17.0% | 4.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Net Profit + | -371 | -592 | -577 | -1,012 | -10,927 | -1,761 | -3,427 | -2,086 | 17,937 | -121 | -181 | -226 | -237 |
| EPS in Rs | -5 | -8 | -8 | -14 | -148 | -24 | -46 | -28 | 243 | -23 | -34 | -43 | -45 |
| Dividend Payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 1,880 | 1,289 | 711 | -294 | -11,159 | -12,915 | -16,042 | -18,127 | 545 | 474 | 243 | 17 |
| Borrowings + | 6,893 | 8,306 | 9,456 | 10,689 | 11,780 | 12,918 | 15,433 | 15,436 | 2,148 | 2,219 | 2,505 | 2,788 |
| Other Liabilities + | 1,918 | 1,491 | 1,519 | 1,862 | 2,788 | 4,007 | 3,678 | 5,697 | 91 | 48 | 91 | 310 |
| Total Liabilities | 11,427 | 11,821 | 12,422 | 12,994 | 4,146 | 4,747 | 3,807 | 3,743 | 2,785 | 2,743 | 2,892 | 3,167 |
| Fixed Assets + | 6,060 | 5,861 | 5,654 | 5,547 | 2,022 | 1,973 | 1,406 | 1,332 | 1,232 | 1,168 | 1,180 | 1,187 |
| CWIP | 3,519 | 3,884 | 4,268 | 4,692 | 103 | 37 | 37 | 37 | 37 | 43 | 155 | 166 |
| Investments | 302 | 302 | 315 | 303 | 303 | 303 | 3 | 4 | 4 | 5 | 5 | 258 |
| Other Assets + | 1,546 | 1,774 | 2,184 | 2,453 | 1,718 | 2,435 | 2,361 | 2,370 | 1,512 | 1,528 | 1,551 | 1,556 |
| Total Assets | 11,427 | 11,821 | 12,422 | 12,994 | 4,146 | 4,747 | 3,807 | 3,743 | 2,785 | 2,743 | 2,892 | 3,167 |
| Equity Capital | 736 | 736 | 736 | 738 | 738 | 738 | 738 | 738 | 3 | 3 | 53 | 53 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 432 | -598 | -318 | -224 | -113 | -1,183 | 710 | 2,007 | 1,428 | -70 | -96 | 182 |
| Cash from Investing Activity + | -1,069 | -25 | -122 | -15 | -16 | 49 | -1 | 2 | 12 | -11 | -162 | -440 |
| Cash from Financing Activity + | 617 | 644 | 429 | 280 | 102 | 1,099 | -707 | -1,999 | -1,460 | 91 | 268 | 413 |
| Net Cash Flow | -20 | 20 | -10 | 41 | -27 | -35 | 1 | 11 | -20 | 10 | 10 | 156 |
| CFO/OP | 540 | 401 | -966 | 129 | 148 | 667 | -2,994 | -7,543 | -4,343 | 243 | 89 | -59 |
| Free Cash Flow | -538 | -625 | -427 | -243 | -114 | -1,162 | 710 | 2,007 | 1,440 | -80 | -259 | 104 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 91.58% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.67% | 4.66% | 4.66% | 4.7% | 7.44% | 7.49% |
| Promoters | 0.0% | 94.91% | 94.91% | 94.91% | 94.91% | 94.91% | 94.91% | 94.91% | 94.91% | 94.91% | 89.9% | 89.9% |
| FII | 0.48% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.01% | 0.6% | 0.67% |
| DII | 7.93% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.38% | 2.05% | 1.93% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Capital Goods — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Swan Defence N Hevy Ind L (this stock) | 14,117 | — | 203.03 | -124.0% |
| Kirloskar Brothers Ltd | 14,093 | 34.8 | 5.73 | 17.3% |
| KSB Limited | 14,231 | 54.3 | 8.4 | 18.4% |
| Apollo Micro Systems Ltd | 14,764 | 122.0 | 10.79 | 11.8% |
| Action Const Equip Ltd | 14,778 | 33.8 | 7.34 | 22.8% |
| Fujiyama Power Systems L | 13,346 | 31.9 | — | 58.0% |
| Garware Hi-tech Films Ltd | 14,952 | 38.6 | 5.64 | 13.5% |
Which Mutual Funds Hold Swan Defence N Hevy Ind L?
Frequently Asked Questions about Swan Defence N Hevy Ind L
Swan Defence N Hevy Ind L (SWANDEF) closed at ₹2,679.7 on NSE on 25 September 2026, down 36.9 (1.36%) from the previous close.
Swan Defence N Hevy Ind L trades on the NSE (National Stock Exchange of India) under the symbol SWANDEF.
Swan Defence N Hevy Ind L has a dividend yield of 0.0%.
Swan Defence N Hevy Ind L's 52-week high is ₹2,805.0 and its 52-week low is ₹606.0.
Swan Defence N Hevy Ind L has a market capitalisation of ₹14,117 crore.
Swan Defence N Hevy Ind L has a TopFund Quality Score of 36/100 (Weak), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
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