TipHub

₹2,398

▼ -10.36 -0.43%

29 Jul 2026

NSE Listed · Ship Building

IBC
What does IBC mean?
BSE · Securities under IBCThe company is in the insolvency process. Practical meaning: equity holders often recover little or nothing in resolution, so the exchange restricts price movement to stop speculative churn in a claim that may be extinguished.Criteria: Company admitted to the Corporate Insolvency Resolution Process under the Insolvency & Bankruptcy Code; placed under surveillance with restricted price movement.

Swan Defence and Heavy Industries Ltd. (SWANDEF)

Volume: 1,528Avg Vol 1W: 10,090Avg Vol 1M: 17,70952W Range:₹321.56₹2,489
NSE BSE www.rnaval.co.in AI Report
Key Ratios
Checked just now
Market Cap₹12,633 Cr
Current Price₹2,398
Previous Close₹2,408.36
High / Low (52w)₹2,489 / ₹321.56
Volume1,528
Avg Vol (1W)10,090
Avg Vol (1M)17,709
Stock P/E—
Book Value₹13.22
Dividend Yield0%
ROE-324.5%
ROA-7.13%
Revenue (TTM)—
Revenue Growth—
Profit Margin-80.1%
Total Debt₹1,144 Cr
Shares Outstanding5 Cr
Face Value₹10
EPS (TTM)₹0
P/B181.4
Debt / Equity6.12
50 DMA₹2,141.95
200 DMA—
Day change-0.43%
SurveillanceIBC
Price Chart
₹2,398▲ 610.20% · 1Y
₹2431₹3381.7L
2025-08-04
2026-07-29

20-day avg volume: 19K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 3925% YoY.
Cons
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹0 Cr₹1 Cr₹1 Cr₹5 Cr₹0 Cr₹40 Cr₹6 Cr₹236 Cr
EBITDA₹-41 Cr₹-49 Cr₹-50 Cr₹-18 Cr₹-29 Cr₹-18 Cr₹-30 Cr₹-138 Cr
Net Profit₹-51 Cr₹-53 Cr₹-53 Cr₹-23 Cr₹-31 Cr₹-20 Cr₹-33 Cr₹-142 Cr
EPS————————
Profit & Loss (Annual)
MetricSept 2024Dec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹1 Cr₹1 Cr₹5 Cr₹18 Cr₹0 Cr₹40 Cr₹6 Cr₹236 Cr
EBITDA₹-49 Cr₹-50 Cr₹-18 Cr₹-158 Cr₹-29 Cr₹-18 Cr₹-30 Cr₹-138 Cr
Net Profit₹-54 Cr₹-53 Cr₹-23 Cr₹-181 Cr₹-31 Cr₹-20 Cr₹-33 Cr₹-143 Cr
EPS———-51.51————
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹12,994 Cr₹4,146 Cr₹4,747 Cr₹3,807 Cr₹3,743 Cr₹2,785 Cr₹2,743 Cr₹2,892 Cr
Total Liabilities₹12,551 Cr₹14,568 Cr₹16,925 Cr₹19,111 Cr₹21,133 Cr₹2,238 Cr₹2,267 Cr₹2,596 Cr
Equity₹443 Cr₹-10,421 Cr₹-12,178 Cr₹-15,304 Cr₹-17,390 Cr₹547 Cr₹477 Cr₹296 Cr
Total Debt————————
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-230 Cr₹-127 Cr₹-1,186 Cr₹709 Cr₹2,007 Cr₹1,425 Cr₹-70 Cr₹-97 Cr
Investing₹-15 Cr₹-16 Cr₹49 Cr₹-1 Cr₹2 Cr₹12 Cr₹-11 Cr₹-162 Cr
Financing₹280 Cr₹102 Cr₹1,099 Cr₹-707 Cr₹-1,999 Cr₹-1,460 Cr₹91 Cr₹269 Cr
Free Cash Flow₹-230 Cr₹-127 Cr₹-1,186 Cr₹709 Cr₹2,007 Cr₹1,425 Cr₹-70 Cr₹-97 Cr
Shareholding
Promoter 89.9% Institutions 2.61% Public 7.49%
Efficiency & Working Capital
ROCE-7.5%
Interest Coverage-7.7
Dividend Payout—
Debtor Days—
Inventory Days—
Payable Days—
Cash Conversion Cycle—
Working Capital Days—
Shareholding Details

As of 2026-06-30

Promoter89.9%
FII0.7%
DII1.9%
Institutions2.6%
Public7.5%
Promoter Pledge0%
No. of Shareholders84,204
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodAug 2024Aug 2024Sept 2024Nov 2024Nov 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters94.9%94.9%94.9%94.9%94.9%94.9%94.9%94.9%94.9%94.9%89.9%89.9%
FIIs0%0%0%0%0%0%0%0%0%0%0.6%0.7%
DIIs0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%0.4%2.1%1.9%
Public4.7%4.7%4.7%4.7%4.7%4.7%4.7%4.7%4.7%4.7%7.4%7.5%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders1,01,2371,01,2371,01,2371,00,6621,00,6621,00,66299,42898,30296,58693,16687,73084,204
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Hazel Infra LimitedShareholding of Promoter and Promoter Group89.9%4.74 Cr
Quant Mutual Fund-quant Elss Tax Saver FundPublic Shareholding1.3%6,57,922
Zerodha BrokingPublic Shareholding1%5,50,000
Vistra Itcl India LimitedPublic Shareholding1%5,27,654
Swan Corp Limited (formerly Known As Swan Energy Limited)Shareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Nikhil MerchantChairman / Executive Director / Managing Director2025
Arvind MorbaleNon Independent Non Executive Director / WTD2025
Paresh V MerchantNon-Exec & Non-Independent Dir2025
VIVEK PARESH MERCHANTNon-Exec & Non-Independent Dir2025
BHAVIK NIKHIL MERCHANTNon-Exec & Non-Independent Dir2025
ARUN SINHAIndependent Non Exe. Director2025
Kaiyoze B BillimoriaIndependent Non Exe. Director2025
Ashish J BairagraIndependent Non Exe. Director2025
Maya SinhaIndependent Non Exe. Director2025
Prabhakar R PatilIndependent Non Exe. Director2025
Priti P DaveCompany Sec. & Compli. Officer2025
Jayaramakrishnan KannanDirector2025
Segments — Product
SegmentRevenueShare
Ship Building and Fabrication₹306 Cr100%
Segments — Geography
RegionRevenueShare
Within India₹75 Cr100%
Outside India₹0 Cr0%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹1011,0005353
Corporate Actions
TypeDateValueRemark
forthcoming—Book ClosureAGM
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025962020100
202578200079
202518002020
Insider / Designated-Person Trades

1 recent disclosure(s)

Hazel Infra LimitedDisposal · 26,38,747
Substantial Acquisitions (SAST)

2 disclosure(s)

'Insolvency & Bankruptcy Code 2016 By Nclt'08/12/2023 · 5,00,00,000
—08/12/2023 · 5,00,00,000
Company Information
Incorporated1997
ChairmanNikhil Merchant
AuditorN N Jambusaria & Co
Investor Email[email protected]
🌐 www.rnaval.co.in ↗

📍 Pipavav Port, Post Ucchaiya Via-Rajula, Amreli, Gujarat, 365560

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