Swan Defence & Heavy Industries Complete Financial Statements
In FY2025, Swan Defence & Heavy Industries (SWANDEF) reported revenue ₹45 Cr, net profit ₹-20 Cr and EPS ₹-3.77, with a net profit margin of -44.4% and ROE of -6.8%. Full financial statements from FY2015 to FY2025 (11 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. Explore SWANDEF Benjamin Graham valuation to estimate fundamental worth using multiple valuation models.
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Profitability Ratios
Balance Sheet Ratios
SWANDEF Revenue, Net Profit & EBITDA — Year-on-Year Growth
SWANDEF YoY (Sept 2024 vs Sept 2025) — revenue +2150.0%, net profit +62.3%, EBITDA +90.9%, expenses +34.3%. For live price, earnings ratios and company overview, see Swan Defence & Heavy Industrie share price chart.
SWANDEF Income Statement — Revenue, EBITDA & Net Profit
Swan Defence & Heavy Industries revenue ₹45 Cr, EBITDA ₹-3 Cr, net profit ₹-20 Cr, EPS ₹-3.77 (2025) — net profit margin -44.4%. Review SWANDEF P/E ratio to evaluate earnings-based valuation against sector peers.
| Particulars | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Jun 2023 | Dec 2023 | Mar 2020 | Jun 2020 | Sept 2019 | Mar 2019 | Jun 2019 | Dec 2019 | Sept 2018 | Jun 2018 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 45 | 12 | 19 | 11 | 2 | 0 | 2 | 2 | 1 | 1 | 1 | 39 | 2 | 21 | 36 | 27 | 12 | 59 | 37 | 52 |
| Expenses | 47 | 17 | 32 | 26 | 35 | 12 | 28 | 38 | 5 | 6 | 6 | 217 | 181 | 18 | 9,134 | 23 | 62 | 59 | 38 | 51 |
| EBITDA | -3 | -5 | -13 | -15 | -33 | -12 | -26 | -36 | -5 | -5 | -6 | -178 | -179 | 4 | -9,098 | 4 | -50 | 0 | -1 | 1 |
| Operating Profit Margin % | -19.00% | -238.00% | -7529.00% | -342.00% | -3550.00% | 0.00% | 0.00% | -3160.00% | 0.00% | 0.00% | 0.00% | -1156.00% | -9153.00% | 15.00% | -25709.00% | 12.00% | -444.00% | -2.00% | -9.00% | 1.00% |
| Depreciation | 15 | 16 | 15 | 16 | 15 | 17 | 15 | 15 | 17 | 17 | 17 | 18 | 18 | 17 | -91 | 17 | 19 | 54 | 53 | 54 |
| Interest | 2 | 3 | 2 | 3 | 6 | 10 | 10 | 3 | 8 | 3 | 5 | 394 | 389 | 362 | 397 | 357 | 357 | 327 | 307 | 338 |
| Profit Before Tax | -20 | -23 | -31 | -33 | -53 | -39 | -52 | -53 | -30 | -25 | -28 | -589 | -586 | -375 | -9,404 | -371 | -426 | -380 | -361 | -390 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 391 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -20 | -23 | -31 | -33 | -53 | -39 | -52 | -53 | -30 | -25 | -28 | -589 | -586 | -375 | -9,795 | -371 | -426 | -380 | -361 | -390 |
| Earnings Per Share (₹) | -3.77 | -4.32 | -5.84 | -6.28 | -10.13 | -145.55 | -192.12 | -10.13 | -109.35 | 0.00 | -100.59 | -7.98 | -7.94 | -5.09 | -132.80 | -5.03 | -5.77 | -5.15 | -4.90 | -5.30 |
SWANDEF Balance Sheet — Assets, Liabilities & Shareholders' Equity
SWANDEF total assets ₹2,892 Cr, total equity ₹296 Cr, total liabilities ₹ Cr (2025) — ROE -6.8%.
| Particulars | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Total Assets | 2,892 | 2,743 | 2,785 | 3,743 | 3,807 | 4,747 | 4,146 | 12,995 | 12,422 | 11,821 | 11,427 |
| Current Assets | 1,475 | 1,434 | 1,419 | 2,294 | 2,284 | 2,429 | 1,678 | 1,842 | 1,615 | 1,336 | 1,101 |
| Fixed Assets | 1,180 | 1,168 | 1,232 | 1,332 | 1,406 | 1,973 | 2,022 | 5,547 | 5,655 | 5,861 | 6,060 |
| Capital Work in Progress | 155 | 43 | 37 | 37 | 37 | 37 | 103 | 4,692 | 4,268 | 3,884 | 3,519 |
| Investments | 5 | 5 | 4 | 4 | 3 | 303 | 303 | 303 | 315 | 302 | 0 |
| Other Assets | 1,551 | 1,528 | 1,513 | 2,370 | 2,361 | 2,435 | 1,719 | 2,453 | 2,184 | 1,774 | 1,848 |
| LIABILITIES | |||||||||||
| Total Liabilities | |||||||||||
| Current Liabilities | 2,304 | 1,699 | 1,932 | 101 | 105 | 311 | 336 | 1,186 | 5,962 | 6,094 | 5,878 |
| Non-Current Liabilities | |||||||||||
| SHAREHOLDERS' EQUITY | |||||||||||
| Total Equity | 296 | 477 | 547 | -17,390 | -15,304 | -12,178 | -10,422 | 443 | 1,447 | 2,025 | 2,616 |
| Share Capital | 53 | 3 | 3 | 738 | 738 | 738 | 738 | 738 | 736 | 736 | 736 |
| Reserves & Surplus | 243 | 424 | 545 | -18,128 | -16,042 | -12,915 | -11,159 | -294 | 711 | 1,289 | 1,880 |
SWANDEF Cash Flow Statement — Operating, Investing & Financing
Swan Defence & Heavy Industries operating cash flow ₹-70 Cr, investing ₹-11 Cr, financing ₹91 Cr, net cash flow ₹10 Cr (2024).
| Particulars | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 | March 2016 | March 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | -70 | 1,428 | 2,007 | 710 | -1,183 | -113 | -224 | -318 | -598 | 432 |
| Investing Activities | -11 | 12 | 2 | -2 | 49 | -16 | -15 | -122 | -25 | -1,069 |
| Financing Activities | 91 | -1,460 | -1,999 | -707 | 1,099 | 103 | 281 | 429 | 644 | 617 |
| Net Cash Flow | 10 | -20 | 11 | 1 | -35 | -27 | 41 | -10 | 20 | -20 |