Overview

Detailed Summary

Reliance Naval & Engineering Limited specializes in defence and commercial shipbuilding, ship repair, and offshore engineering activities. It operates the largest dry dock in India, located at Pipavav, Gujarat.
The company has established itself as a pioneer by holding a license and contract to build warships, marking it as the first private sector entity in India to achieve this feat.
A notable strategic move was the company's acquisition by Reliance Defence Systems Pvt Ltd and Reliance Infrastructure Ltd, which significantly shifted management control and direction.
Reliance Naval was certified by the U.S. Navy in 2020 to service vessels from its Seventh Fleet, highlighting its international recognition and capability.
The company features integrated, state-of-the-art production facilities at its Pipavav shipyard, reinforcing its stature in the engineering infrastructure space in India.

Sector: Ship Building
Industry: Ship - Breaking / Repairing
Market Cap: 9,466 Cr
Volatility: Low Risk
P/E Ratio: -89.5
Industry P/E: 40.6
PEG Ratio: —
P/B Ratio: 38.6
52W High: 2,051.55
52W Low: 64.53

Sales CAGR

1Y: —
3Y: 3.64%
5Y: -37.79%
10Y: -34.26%

Profit CAGR

1Y: -49.56%
3Y: —
5Y: —
10Y: —

ROE

TTM: -51.80%
3Y: 1336.53%
5Y: -38.64%
10Y: 5.49%

ROCE

TTM: -4.10%
3Y: 263.98%
5Y: -70.02%
10Y: -24.21%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
GRSE	2372.15	27,173 Cr	39.44	11.84	0.58	26.85	36.26	6.27
SWANDEF	1808.00	9,466 Cr	-89.46	38.64	0.00	-51.80	-4.10	-3.66
KMEW	1639.80	4,024 Cr	60.80	7.89	0.00	20.56	19.05	15.36
LAXMIPATI	250.00	144 Cr	22.12	16.77	0.00	81.10	38.74	11.95
HRYNSHP	110.95	67 Cr	6.70	0.45	0.00	2.54	4.39	6.05
VMS	24.39	59 Cr	25.34	0.61	0.00	6.59	8.09	3.57
GARWAMAR	20.88	12 Cr	40.15	0.72	0.00	1.94	1.68	1.75

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2020	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	1.96	0.00	0.00	0.00	0.96	1.16	4.91	0.42	40	5.87
Expenses	20	6.01	12	28	35	37	14	32	47	26
Operating Profit	-18	-6.01	-12	-28	-34	-36	-9.44	-32	-7.69	-20
OPM %	-911.73	—	—	—	-3,550.00	-3,118.10	-192.26	-7,528.57	-19.43	-341.57
Other Income	-161	0.50	0.21	1.97	0.50	0.87	4.93	18	5.19	5.38
Interest	389	4.75	10	10	5.68	2.49	2.46	2.35	2.28	2.91
Depreciation	18	17	17	15	15	15	16	15	15	16
Profit Before Tax	-586	-27	-39	-51	-54	-53	-23	-31	-20	-33
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-586	-27	-39	-51	-54	-53	-23	-31	-20	-33
EPS in Rs	-111.17	-100.59	-145.55	-192.12	-10.13	-10.13	-4.32	-5.84	-3.77	-6.28

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	564	379	180	75	6.30	6.32	3.16	0.00	7.03	7.45
Expenses	529	557	266	253	30	33	54	29	115	119
Operating Profit	35	-179	-86	-178	-24	-27	-51	-29	-108	-111
OPM %	6.19	-47.21	-47.59	-235.40	-375.82	-420.95	-1,609.61	—	-1,534.69	-1,494.09
Other Income	39	-84	-9,011	-42	-1,298	13	19,526	2.46	8.27	24
Interest	626	754	1,368	1,469	2,032	1,999	1,470	26	21	13
Depreciation	208	208	70	72	74	74	68	68	61	61
Profit Before Tax	-760	-1,224	-10,536	-1,761	-3,427	-2,086	17,937	-121	-182	-161
Tax %	24.05	17.35	-3.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-577	-1,012	-10,927	-1,761	-3,427	-2,086	17,937	-121	-182	-161
EPS in Rs	—	—	-2,074.08	-334.20	—	—	—	—	-216.70	-20.21
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	736	736	738	738	738	738	738	2.68	2.68	53
Reserves	1,289	711	-294	-11,159	-12,915	-16,042	-18,127	545	474	243
Borrowings	7,862	8,951	5,349	6,194	7,369	2,978	2,980	2,139	2,219	2,505
Other Liabilities	1,935	2,023	7,202	8,374	9,556	16,133	18,153	99	48	91
Total Liabilities	11,821	12,422	12,994	4,146	4,747	3,807	3,743	2,785	2,743	2,892
Fixed Assets	5,861	5,654	5,547	2,022	1,973	1,406	1,332	1,232	1,168	1,180
CWIP	3,884	4,268	4,692	103	37	37	37	37	43	155
Investments	302	315	303	303	303	3.39	3.84	4.05	4.81	5.26
Other Assets	1,774	2,184	2,453	1,718	2,435	2,361	2,370	1,513	1,528	1,551
Total Assets	11,821	12,422	12,994	4,146	4,747	3,807	3,743	2,785	2,743	2,892

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-598	-318	-224	-113	-1,183	710	2,007	1,428	-70	-97
Cash from Investing Activity	-25	-122	-15	-16	49	-1.46	2.35	12	-11	-162
Cash from Financing Activity	644	429	280	102	1,099	-707	-1,999	-1,460	91	269
Net Cash Flow	20	-10	41	-27	-35	1.14	11	-20	10	10

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Aug 2024	Sep 2024	Nov 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	0.00%	94.91%	94.91%	94.91%	94.91%	94.91%	94.91%	94.91%	94.91%	94.91%	94.91%	94.91%
FIIs	0.48%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%
DIIs	7.93%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.38%
Public	91.59%	4.66%	4.66%	4.66%	4.66%	4.66%	4.66%	4.66%	4.66%	4.66%	4.66%	4.70%
Total Shareholders	1,91,129	1,01,237	1,01,237	1,01,237	1,01,237	1,01,237	1,00,662	1,00,662	99,428	98,302	96,586	93,166

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Frequently Asked Questions about Swan Defence and Heavy Industries Ltd

Swan Defence and Heavy Industries Ltd (SWANDEF) is currently trading at 1,711.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Reliance Naval & Engineering Limited specializes in defence and commercial shipbuilding, ship repair, and offshore engineering activities. It operates the largest dry dock in India, located at Pipavav, Gujarat. The company has established itself as a pioneer by holding a license and contract to build warships, marking it as the first private sector entity in India to achieve this feat. A notable strategic move was the company's acquisition by Reliance Defence Systems Pvt Ltd and Reliance Infrastructure Ltd, which significantly shifted management control and direction. Reliance Naval was certified by the U.S. Navy in 2020 to service vessels from its Seventh Fleet, highlighting its international recognition and capability. The company features integrated, state-of-the-art production facilities at its Pipavav shipyard, reinforcing its stature in the engineering infrastructure space in India.

Over the past 52 weeks, Swan Defence and Heavy Industries Ltd has traded between a low of ₹64.53 and a high of ₹2,051.55. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Swan Defence and Heavy Industries Ltd has a market capitalization of approximately 9,465.67. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Swan Defence and Heavy Industries Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of -89.46 and operates in the Ship Building sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 9,465.67 Cr, Swan Defence and Heavy Industries Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Swan Defence and Heavy Industries Ltd operates in the Ship Building sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Swan Defence and Heavy Industries Ltd is -89.46. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Swan Defence And Heavy Industries Ltd

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Consolidated Quarterly Results (in ₹ Crores)

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Consolidated Balance Sheet (in ₹ Crores)

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Frequently Asked Questions about Swan Defence and Heavy Industries Ltd

What is Swan Defence and Heavy Industries Ltd share price today?

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What is the 52-week high and low of Swan Defence and Heavy Industries Ltd?

What is the market capitalization of Swan Defence and Heavy Industries Ltd?

Should I consider investing in Swan Defence and Heavy Industries Ltd stock?

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Which sector does Swan Defence and Heavy Industries Ltd belong to and why does it matter?

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Frequently Asked Questions about Swan Defence and Heavy Industries Ltd

What is Swan Defence and Heavy Industries Ltd share price today?

What does Swan Defence and Heavy Industries Ltd do?

What is the 52-week high and low of Swan Defence and Heavy Industries Ltd?

What is the market capitalization of Swan Defence and Heavy Industries Ltd?

Should I consider investing in Swan Defence and Heavy Industries Ltd stock?

Is Swan Defence and Heavy Industries Ltd a large-cap, mid-cap, or small-cap stock?

Which sector does Swan Defence and Heavy Industries Ltd belong to and why does it matter?

What is the PE ratio of Swan Defence and Heavy Industries Ltd?

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