- POSITIVE
Quarterly Revenue Swan Defence Sep-2026 Quarterly Revenue is Rs 126 Cr which is growth of 183.7% YoY.
- POSITIVE
Quarterly Net Profit Swan Defence Sep-2026 Quarterly Net Profit is Rs 567 Cr which is growth of 2890.9% YoY.
NSE: SWANDEF | BSE: 533107
Swan Defence Live Share Price Today, Share Analysis and Chart
aboutSwan Defence and Heavy Industries Ltd. (SDHI), formerly known as Reliance Naval and Engineering Limited, is a prominent Indian maritime company engaged in the shipbuilding and heavy engineering sectors. The company operates one of India’s largest... Read More
2782.0058.30(2.14%)
11,696
NSE+BSE Volume
NSE 03 Nov, 2026 3:31 PM (IST)
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Swan Defence Stock Price Analysis
Day Price Range2.1% 1 Day return | 2782 (LTP) 2,6512,800 LowHigh |
|---|---|
Week Price Range3.2% 1 Week return | 2782 (LTP) 2,535.62,800 LowHigh |
Month Price Range2.4% 1 Month return | 2782 (LTP) 2,535.63,020 LowHigh |
52 Week Price Range277.8% 1 Year return | 2782 (LTP) 773.23,020 LowHigh |
Competitors/Peers
Revenue Mix
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Documents
Swan Defence quarterly results: revenue, profit, and P&L – 13 quarter history
Nested row level
Base Level
Reporting Type
Standalone
Cell Data
Actual
Table Settings
YoY & New to Old
Nested row level
Base Level
Export
| Indicator | Graph | Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 125.7 | 41.6 | 366.3 | 11 | 44.3 | 18.4 | 12.1 | 2 | 1.5 | 2 | 0.2 | 0.5 | 0.5 | ||
Operating Exp. | 85.9 | 51.6 | 486.7 | 25.9 | 47.3 | 32 | 14.4 | 37.3 | 35 | 28.3 | 11.8 | 6 | 5.2 | |
Operating Profit | -17 | -20.9 | -250.4 | -20 | -7.7 | -31.6 | -9.4 | -36.2 | -34.1 | -28.3 | -11.8 | -6 | -5.2 | |
Operating Profit Margin % | -24.72% | -68.40% | -105.98% | -341.36% | -19.43% | -7,528.57% | -192.26% | -3,118.10% | -3,550.00% | - | - | - | - | |
Depr. | 16.5 | 15.2 | 17.5 | 15.5 | 15.1 | 15.2 | 15.9 | 15.1 | 15 | 14.8 | 17 | 17.2 | 17.2 | |
Interest | 19.3 | 16.5 | 4.8 | 2.9 | 2.3 | 2.4 | 2.5 | 2.5 | 5.7 | 10.3 | 10.3 | 4.8 | 8 | |
Profit Before Tax | 4 | -41.6 | -142.6 | -33.4 | -20.3 | -31.2 | -22.9 | -52.9 | -54.3 | -51.5 | -38.9 | -27.5 | -29.8 | |
Tax | -563.2 | |||||||||||||
Net Profit | 567.1 | -41.6 | -142.6 | -33.4 | -20.3 | -31.2 | -22.9 | -52.9 | -54.3 | -51.5 | -38.9 | -27.5 | -29.8 | |
EPS Adj. latest | 107.7 | -7.9 | -27.1 | -6.3 | -3.9 | -5.9 | -4.3 | -10 | -10.3 | -9.8 | -7.4 | -5.2 | -5.7 | |
Net profit TTM | 349.5 | -237.9 | -227.5 | -107.8 | -127.2 | -161.2 | -181.5 | -197.5 | -172.1 | -147.6 | -121.4 | -108.1 | -618.9 | |
Basic EPS TTM | 66.3 | -45.2 | -43.2 | -20.5 | -24.2 | -30.6 | -34.5 | -37.5 | -32.7 | -28 | -452.5 | -402.8 | -2,307.4 | |
Results PDF | ||||||||||||||
Result Notes |
*All financials are in INR Cr and price data in INR
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Swan Defence Technical Analysis
Swan Defence EMA & SMA
Bullish+8
8 bullish, 0 bearish
Bullish8
Bearish0
| 5 Day | 2720.4 |
|---|---|
| 10 Day | 2735.9 |
| 12 Day | 2742.9 |
| 20 Day | 2751.9 |
| 26 Day | 2744.4 |
|---|---|
| 50 Day | 2673.4 |
| 100 Day | 2472.8 |
| 200 Day | 2036.2 |
Swan Defence Delivery And Volume
Daily Avg. Delivery Volume %
03 Nov, 2026100.0%
Week100.0%
Month100.0%
Swan Defence Active Candlesticks
Long Line Uptrend
Legend
Positive IndicatorNeutral IndicatorNegative Indicator
Swan Defence Resistance and Support
2744.33
Pivot
| First Resistance | 2837.7 |
|---|---|
| Second Resistance | 2893.3 |
| Third Resistance | 2986.7 |
| First Support | 2688.7 |
|---|---|
| Second Support | 2595.3 |
| Third Support | 2539.7 |
| Day RSI | 53.7 |
|---|---|
| Day MACD | -1.5 |
| Day MFI | 29.4 |
| Day MACD Signal Line | 22.2 |
Swan Defence Beta
| 1 Month | 0.7 |
|---|---|
| 1 Year | 0.4 |
| 3 Month | 0.7 |
|---|---|
| 3 Year | -1.3 |
Swan Defence Price Change Analysis
↑2.4%
Over 1 Month
LowHigh
2535.63020
↑12.5%
Over 3 Months
LowHigh
22803020
↑51.4%
Over 6 Months
LowHigh
17903020
↑277.8%
Over 1 Year
LowHigh
773.33020
Swan Defence Deals - Insider, Bulk, Block and SAST
| Client Name | Deal Type | Action | Date | Avg. Price | Quantity | Exchange |
|---|---|---|---|---|---|---|
| IL AND FS FINANCIAL SERVICES LTD | Bulk | Sell | 20 Jul 2021 | 3.18 | 8,350,000 | NSE |
| IL AND FS FINANCIAL SERVICES LTD | Bulk | Sell | 09 Jul 2021 | 3.95 | 5,200,000 | NSE |
| IL & FS FINANCIAL SERVICES LIMITED | Bulk | Sell | 09 Jul 2021 | 4.12 | 8,805,007 | BSE |
| MANSI SHARES & STOCK ADVISORS PVT LTD | Bulk | Sell | 02 Jul 2021 | 4.75 | 2,687,878 | NSE |
| MANSI SHARES & STOCK ADVISORS PVT LTD | Bulk | Purchase | 02 Jul 2021 | 4.75 | 6,234,799 | NSE |
| VORA PRITESH PRAVINCHANDRA | Bulk | Sell | 22 Oct 2020 | 1.71 | 3,883,740 | BSE |
| VORA PRITESH PRAVINCHANDRA | Bulk | Purchase | 22 Oct 2020 | 1.69 | 4,383,740 | BSE |
| VALIANT MAURITIUS PARTNERS FDI LTD | Bulk | Sell | 22 Oct 2020 | 1.67 | 9,127,583 | BSE |
| TOPGAIN FINANCE PRIVATE LIMITED | Bulk | Sell | 22 Oct 2020 | 1.71 | 3,018,114 | BSE |
| TOPGAIN FINANCE PRIVATE LIMITED | Bulk | Purchase | 22 Oct 2020 | 1.69 | 3,805,002 | BSE |
Swan Defence Corporate Actions
Swan Defence Board Meetings
Swan Defence past and upcoming board meetings.
#Ex-Date | Purpose | Notes |
|---|---|---|
112 Oct 2026 | Quarterly Results | - |
211 Aug 2026 | Quarterly Results | - |
327 May 2026 | Audited Results & Fund Raising | - |
404 Feb 2026 | Quarterly Results | - |
512 Nov 2025 | Quarterly Results | - |
Swan Defence Research Reports
Swan Defence research reports with share price targets, and buy/hold/sell recommendations from top brokers.
# Date | Broker Name | Target | Price When Recommended | Type | Upside | Change Since Recommendation | Links |
|---|---|---|---|---|---|---|---|
| 115 Oct 2017 | ICICI Securities Limited Reco Target | 56 | 51.25 | Hold | 9.27% | 5328.29% | |
| 207 Aug 2017 | ICICI Securities Limited Reco | 68 | 58 | Buy | 17.24% | 4696.55% | |
| 312 Apr 2017 | ICICI Securities Limited Reco Target | 68 | 64.4 | Hold | 5.59% | 4219.88% | |
| 415 Feb 2017 | ICICI Securities Limited Target | 68 | 59.95 | Buy | 13.43% | 4540.53% | |
| 510 Nov 2016 | ICICI Securities Limited | 64 | 55.05 | Buy | 16.26% | 4953.59% |
Swan Defence Corporate Filings
Swan Defence BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.
| Date | Announcement Title | Details | Links |
|---|---|---|---|
| 29 Oct 2026 | Swan Defence And Heavy Industries Ltd - 533107 - Announcement under Regulation 30 (LODR)-Change in Management | Swan Defence and Heavy Industries Limited has informed the Exchange regarding appointment of Mr. Hrishikesh Narasimhan, Cmde. Sanjiv Kapoor and Mr. Ram Mohan Baliga as Senior Management Personnel of the Company w.e.f. 29th October, 2026. | |
| 15 Oct 2026 | Swan Defence And Heavy Industries Ltd - 533107 - Announcement Under Regulation 30 (LODR) - Corporate Presentation | Swan Defence and Heavy Industries Limited has submitted the Corporate Presentation of the Company. | |
| 14 Oct 2026 | Swan Defence And Heavy Industries Ltd - 533107 - Announcement under Regulation 30 (LODR)-Newspaper Publication | Swan Defence and Heavy Industries Limited has informed the Exchange about Copy of Newspaper Publication. | |
| 12 Oct 2026 | Swan Defence And Heavy Industries Ltd - 533107 - Announcement Under Regulation 30 (LODR) - Corporate Presentation | Swan Defence and Heavy Industries Limited has submitted to the Exchange a Corporate Presentation on the Unaudited Financial Results for the quarter and half year ended 30th September, 2026 | |
| 12 Oct 2026 | Swan Defence And Heavy Industries Ltd - 533107 - Announcement under Regulation 30 (LODR)-Press Release / Media Release | Swan Defence and Heavy Industries Limited has informed the Exchange regarding press release and presentation on the Unaudited Financial Results for the quarter and half year ended 30th September, 2026. |
Swan Defence Documents
Swan Defence Annual Reports
Swan Defence financials, including annual results, balance sheets, and cash flow statements.
Swan Defence Credit Ratings
Swan Defence credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.
| Date | Rating Agency | Company Name | Description | Links |
|---|---|---|---|---|
| 21 Jul 2026 | icra ratings | SWAN DEFENCE AND HEAVY INDUSTRIES LIMITED | [ICRA]BBB(Stable)/[ICRA]A3+; assigned | Link |
| 11 Feb 2026 | brickwork ratings | Swan Defence and Heavy Industries Ltd. (Erstwhile Reliance Naval and Engineering Ltd. & before that Reliance Defense and Offshore Engineering Co. Ltd.) | Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed; | Link |
| 03 Feb 2026 | brickwork ratings | Swan Defence and Heavy Industries Ltd. (Erstwhile Reliance Naval and Engineering Ltd. & before that Reliance Defense and Offshore Engineering Co. Ltd.) | Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory; | |
| 01 Feb 2026 | brickwork ratings | Swan Defence and Heavy Industries Ltd. (Erstwhile Reliance Naval and Engineering Ltd. & before that Reliance Defense and Offshore Engineering Co. Ltd.) | Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory; | |
| 28 Jan 2026 | brickwork ratings | Swan Defence and Heavy Industries Ltd. (Erstwhile Reliance Naval and Engineering Ltd. & before that Reliance Defense and Offshore Engineering Co. Ltd.) | Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory; |
Swan Defence - Company Profile
Swan Defence Management Structure
Swan Defence management structure with salaries, total experience, and qualifications.
Swan Defence Board of Directors
Swan Defence Board of directors with salaries, total experience, and qualifications.
Website: www.rnaval.co.in
About the company - Business Profile
Swan Defence and Heavy Industries Ltd. (SDHI), formerly known as Reliance Naval and Engineering Limited, is a prominent Indian maritime company engaged in the shipbuilding and heavy engineering sectors. The company operates one of India’s largest integrated shipbuilding and repair facilities, specializing in defence and commercial maritime sectors. Following its acquisition through the NCLT resolution process by the Swan Group, SDHI has undergone a major strategic turnaround, focusing on infrastructure modernization and re-establishing its position in India’s maritime landscape.
Key Points
Key Facts
- Founded/Incorporated Year: Originally incorporated in 1997.
- Headquarters: Pipavav Port, Amreli District, Gujarat.
- Parent/Ultimate Holding Company: Swan Energy Limited.
- Stock Listing: Listed on the BSE (Scrip Code: 533107) and NSE (Symbol: SWANDEF).
- Core Products: Naval and commercial vessels, offshore platforms, and ship repair services.
Operations and Resources
- Pipavav Shipyard: The company operates an extensive facility at Pipavav, Gujarat, which is one of the largest in India. It includes a dry dock and integrated manufacturing facilities.
- Restoration: During FY 2024-25, the company focused on restoring these assets to full functionality, completing multiple refit projects for the Indian Coast Guard ahead of schedule.
- Acquisition History: The company was revitalized following its acquisition under the insolvency resolution process, transitioning from the Reliance Group to the Swan Group.
Business Model and Segment Performance
- Core Model: SDHI operates a capital-intensive business model centered on shipbuilding, refit, and heavy fabrication. It targets large-scale defence contracts (indigenization) and commercial ship repairs.
- Revenue Segments: The company operates as a single business segment: Shipbuilding, Repair, and Fabrication.
- Revenue Breakdown (FY 2024-25):
- Revenue from Operations: ₹703.46 lakhs (up from Nil in FY 2023-24).
- Geographical Concentration: Operations are primarily centered in India, serving domestic maritime and defence requirements.
- Profitability:
- EBITDA: (₹9,746.43 lakhs) for FY 2024-25.
- Profit After Tax (PAT): (₹18,150.42 lakhs) for FY 2024-25.
Technology and Partnerships
- Indigenization: Focuses on the Atmanirbhar Bharat initiative to increase domestic content in naval construction.
- Strategic Alliances: Entered collaborations with leading domestic and international shipbuilding and design firms to enhance modular construction and automation capabilities.
- Project Execution: Completion of Coast Guard refits showcased technical execution capabilities in specialized repairs.
Employee and Management Overview
- Leadership: Mr. Nikhil Vasantlal Merchant serves as the Chairman and Managing Director.
- Personnel Changes: Mr. Vipin Kumar Saxena was appointed Chief Executive Officer effective October 10, 2024, and Mr. Rajesh Bhardwaj as CFO effective November 22, 2024.
- Subsidiaries: Major subsidiaries include Reliance Technologies and Systems Private Limited and PDOC Pte. Ltd. (Singapore).
Current Strategic Initiatives and Outlook
- Financial Restructuring: The Board approved a scheme of arrangement for the amalgamation of Triumph Offshore Private Limited (TOPL) with SDHI, including a reduction and reorganization of capital.
- Capital Expenditure: In February 2026, the Board approved availing a Rupee Term Loan of ₹1,150 Crores from the National Bank for Financing Infrastructure and Development (NaBFID) to support operational scale-up.
- Market Position: Leverages India's strategic maritime goals to secure long-term contracts in the defence sector.