Swan Energy Limited stands as one of India's prominent diversified conglomerates with a rich heritage spanning over a century. Swan Energy Limited (Formerly known as Swan Mills Limited) was incorporated on February 22 1909. The Company is owned and managed by Dave and Merchant families who took over the company from the J.P. Goenka Group in 1992. What began as a textile manufacturing company has evolved into a multi-sector business house with significant operations across energy, real estate, shipbuilding, and defense sectors.
Swan Energy operates through multiple business verticals that contribute to its diversified revenue streams. The Company's segments include Textile, Energy, Construction/Others, Distribution & Development, Warehousing, Manufacturing, Power Generation, and Shipyard. The Company's business verticals include oil and gas, petrochemical manufacturing and trading, textiles and realty.
The company's distribution and development segment has shown remarkable growth, contributing 74% in H1 FY25 compared to 21% in FY23. In January 2023, the company completed the acquisition of a majority stake in Veritas India Ltd (VIL) for Rs. 260 Cr. VIL trades and distributes chemicals and petrochemical products used in paint, oil refining, etc. It operates a terminal in Hamriyah, UAE, with a capacity of 1,70,000 MT.
One of Swan Energy's most significant growth drivers is its liquefied natural gas (LNG) project. Over the years, it diversified into Real estate and is developing a Floating Storage and Regasification Units -based liquid natural gas (LNG) import terminal at Jafrabad in Gujarat. It is implementing a greenfield liquefied natural gas (LNG) port project. The project comprises the development of LNG port facilities utilizing a floating, storage, and regasification unit (FSRU) for LNG receipt, storage, regasification, and send-out.
The company has made substantial financial commitments to this project, providing a Corporate Guarantee (CG) of US$ 224.4 million (Approx. Rs 1670 crores) to M/s Hyundai heavy Industries Company Limited, South Korea (HHICL) for its subsidiary TOPL, which will remain in force until the FSRU Vessel is delivered to the TOPL.
Swan Energy has made significant inroads into the shipbuilding and defense sector through its acquisition of Reliance Naval and Engineering Limited (RNEL). Swan Energy jumped 8.41% to Rs 684.45 after the company announced the resumption of operations at its shipyard, Reliance Naval and Engineering Limited (RNEL). The company is now gearing up to commence shipbuilding operations at the facility.
The shipyard boasts impressive infrastructure capabilities. Swan's shipyard boasts the largest dry dock in India, measuring 662 meters by 65 meters, and one of the largest globally. Equipped with a 600-tonne SWL goliath crane, the shipyard also features modern fabrication, piping, and painting facilities with a capacity of 12,000 tons per month. Additional facilities include a 980-meter-long pre-erection berth for assembling mega blocks and a 350-meter-long dual berthing quay for afloat fit-out and commissioning.
The company has successfully completed several defense projects, including the refit of the Indian Coast Guard's fast patrol vessel, Raj Ratan, which began on 4 September 2024. The project has been completed ahead of schedule, on 30 November 2024.
Swan Energy's financial performance has shown significant improvement, particularly in recent quarters. Swan Energy · Mkt Cap: 13,990 Crore (down -32.3% in 1 year) · Revenue: 4,938 Cr · Profit: 874 Cr as of the latest available data. The company demonstrated strong quarterly performance in Q3 FY25, with Swan Energy Ltd's net profit jumped 406.31% since last year same period to ₹582.81Cr in the Q3 2024-2025.
For the full financial year ending March 2025, net profit rose 150.79% to Rs 755.30 crore in the year ended March 2025 as against Rs 301.17 crore during the previous year ended March 2024. Sales declined 1.58% to Rs 4937.87 crore in the year ended March 2025 as against Rs 5017.15 crore during the previous year ended March 2024.
- Market Capitalization: Swan Energy Ltd has a market capitalisation of Rs 13,042 crore.
- Revenue (FY25): Rs 4,938 crore
- Net Profit (FY25): Rs 755.30 crore
- Q3 FY25 Revenue: Rs 1,908.19 crore
- Q3 FY25 Net Profit: Rs 582.81 crore
The company maintains a stable promoter holding structure. Promoter holding in Swan Energy Ltd has gone up to 53.96 per cent as of Mar 2025 from 53.96 per cent as of Jun 2024. This stable promoter holding indicates strong management confidence in the company's future prospects.
Swan Energy continues to expand its operations through strategic partnerships and acquisitions. Swan Defence and Heavy Industries Limited (SDHI) has signed a strategic MoU with Garden Reach Shipbuilders & Engineers Limited (GRSE). This partnership aims to jointly pursue opportunities in the construction of various defense and commercial vessels.
The company has also secured significant orders in the defense sector, with Swan Energy's subsidiary, Agneyastra Innovations, securing a significant purchase order worth ₹111 crore from Agneyastra Technion Private Limited.
Swan Energy's diversified business model, spanning traditional industries like textiles to modern sectors like LNG and defense, positions it well to capitalize on India's growing industrial and energy needs. The company's strategic focus on high-growth sectors, combined with its strong financial performance and infrastructure capabilities, makes it a significant player in India's industrial landscape.
