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SWANCORP - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.8

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 2.8

Stock Code SWANCORP Market Cap 10,901 Cr. Current Price 347 ₹ High / Low 527 ₹
Stock P/E 587 Book Value 146 ₹ Dividend Yield 0.03 % ROCE 0.12 %
ROE 0.07 % Face Value 1.00 ₹ DMA 50 393 ₹ DMA 200 441 ₹
Chg in FII Hold 0.81 % Chg in DII Hold -0.08 % PAT Qtr 2.22 Cr. PAT Prev Qtr 5.61 Cr.
RSI 38.0 MACD -18.6 Volume 16,62,355 Avg Vol 1Wk 12,14,564
Low price 326 ₹ High price 527 ₹ PEG Ratio -459 Debt to equity 0.08
52w Index 10.7 % Qtr Profit Var 41.4 % EPS 0.59 ₹ Industry PE 14.6

📊 Financial Overview

  • Revenue & Profit Growth: Quarterly PAT dropped from ₹5.61 Cr. to ₹2.22 Cr., showing weak earnings momentum.
  • Margins: ROE at 0.07% and ROCE at 0.12% reflect extremely poor profitability and efficiency.
  • Debt: Debt-to-equity ratio of 0.08 indicates low leverage, but weak returns limit attractiveness.
  • Cash Flow: Limited due to low profitability, raising sustainability concerns.

💹 Valuation Indicators

  • P/E Ratio: 587 vs Industry PE of 14.6 → extremely overvalued compared to peers.
  • P/B Ratio: Current Price ₹347 vs Book Value ₹146 → ~2.37x, moderate but not justified given weak fundamentals.
  • PEG Ratio: -459 → indicates severe overvaluation and negative growth outlook.
  • Intrinsic Value: Estimated fair value near ₹250–270, suggesting current price is significantly overvalued.

🏭 Business Model & Competitive Advantage

  • Operates in diversified chemicals and fertilizers with exposure to agriculture-related demand.
  • Competitive advantage is limited due to weak profitability and lack of scale compared to peers.
  • Highly dependent on commodity cycles and government policies.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive only below ₹250–270, closer to intrinsic value.
  • Long-Term Holding: Risky for long-term investors; only suitable for speculative positions due to poor fundamentals.

✅ Positive

  • Debt-to-equity ratio of 0.08 indicates low leverage.
  • FII holdings increased (+0.81%), showing some foreign investor interest.
  • Stock trading near 52-week low offers potential entry for high-risk investors.

⚠️ Limitation

  • Extremely high P/E ratio (587) compared to industry average.
  • ROE (0.07%) and ROCE (0.12%) show poor efficiency and returns.
  • Negative PEG ratio (-459) signals weak growth outlook.

📉 Company Negative News

  • Sharp decline in quarterly profits from ₹5.61 Cr. to ₹2.22 Cr.
  • DII holdings decreased (-0.08%), showing reduced domestic institutional confidence.

📈 Company Positive News

  • FII holdings increased, reflecting some foreign investor trust.
  • Low debt levels provide resilience despite weak profitability.

🏭 Industry

  • Chemicals and fertilizer industry is cyclical, driven by agriculture demand and raw material costs.
  • Industry PE at 14.6 shows sector is moderately valued compared to Swan Energy’s extreme premium.
  • Government policies on agriculture and subsidies influence demand stability.

🔎 Conclusion

Swan Energy (SWANCORP) shows very weak fundamentals with poor ROE, ROCE, and declining profits. Despite low debt, its extremely high P/E and negative PEG ratio highlight severe overvaluation. Entry is only attractive below ₹250–270 for speculative investors. Long-term holding is risky given weak profitability and dependence on external factors like commodity cycles and government policies.

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