Swan Energy Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
About
Reliance Naval and Engineering is a significant player in India’s shipbuilding sector. It was acquired by Swan Energy Limited in partnership with Hazel Mercantile Limited in 2024. The company was founded as Reliance Naval and Engineering by Nikhil Prataprai Gandhi and Bhavesh Prataprai Gandhi in 1997. Swan Energy is headquartered in Mumbai. The company is under the leadership of CEO Debashish Br.Swan Energy Operates from its shipyard in Pipavav, which houses India's largest dry dock. The company specializes in naval and commercial shipbuilding and oil and gas services. Swan Energy was India’s first private company to construct Naval Offshore Patrol Vessels (NOPVs) for the Indian Navy.
Incorporation Year: 1909
Headquarters: Mumbai
Top Management: Founder- Nikhil Prataprai Gandhi and Bhavesh Prataprai Gandhi, CEO Debashish Bir
Industry: Shipping
Website: swan.co.in
Featured In Fortune India Ranking
Fortune 500 India
#416(2024)
#416(2024)
Next 500 India
#400(2024)
#400(2024)
Financial Data 2024
Revenue
5,063
(INR Cr)
Net Operating Income
5,017
(INR Cr)
Assets
11,780
(INR Cr)
Profit
301
(INR Cr)
Net Worth
6,279
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 5063 240.8% | 1486 188.2% | 515 45.6% | 354 9.0% | 325 -29.1% | 459 -8.2% | 499 34.6% | 371 4.1% | 356 -5.1% | 376 -1.2% | 380 18.3% | 321 -23.8% | 422 72.1% | 245 -47.6% | 468 98.5% | 236 - |
| Net Operating Income (INR Cr) | 5017 248.86% | 1438 195.18% | 487 52.03% | 320 -5.97% | 341 -61.78% | 892 157.18% | 347 -1.11% | 351 5.68% | 332 5.52% | 314 -5.55% | 333 19.41% | 279 101.05% | 139 0.00% | 403 -24.62% | 535 205.65% | 175 283.96% |
| Profit (INR Cr) | 301 - | -36 - | -158 - | -69 - | -5 - | -5 - | 55 - | 1 - | 0 - | 3 - | 0 - | 19 -30.0% | 26 -39.6% | 44 12.7% | 39 23.0% | 32 - |
| Assets (INR Cr) | 11780 30.6% | 9021 54.5% | 5840 29.6% | 4506 66.6% | 2704 21.4% | 2227 19.3% | 1866 46.7% | 1272 -24.5% | 1684 7.1% | 1573 10.2% | 1427 9.5% | 1303 31.1% | 994 91.2% | 520 43.9% | 361 168.9% | 134 - |
| Net Worth (INR Cr) | 6279 175.0% | 2284 83.4% | 1245 42.4% | 874 -4.4% | 915 -1.0% | 924 -0.9% | 932 116.1% | 431 0.3% | 430 -0.1% | 430 -0.1% | 431 114.4% | 201 6.9% | 188 0.0% | 165 33.8% | 123 42.1% | 87 57.4% |
| Employee Cost (INR Cr) | 38 19.1% | 32 25.7% | 25 39.0% | 18 48.0% | 12 3.9% | 12 -9.5% | 13 15.3% | 11 12.6% | 10 12.1% | 9 14.5% | 8 36.5% | 6 31.8% | 4 130.9% | 2 291.7% | 0 - | 0 - |
| Interest Cost (INR Cr) | 226 | 223 | 189 | 108 | 50 | 54 | 58 | 32 | 24 | 30 | 38 | 20 | 9 | 12 | 5 | 17 |
| Cash & Bank Balance (INR Cr) | 1320 | 202 | 954 | 111 | 49 | 40 | 55 | 45 | 33 | 18 | 16 | 25 | 187 | 93 | 111 | 58 |
| Total Debt (INR Cr) | 3449 | 4985 | 4117 | 3077 | 1206 | 1077 | 912 | 821 | 817 | 705 | 565 | 426 | 298 | 197 | 238 | 48 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.0% | - | - | - | - | - | 11.0% | 0.2% | - | 0.8% | - | 5.8% | 6.3% | 17.9% | 8.3% | 13.4% |
| Profit As % Of Assets | 2.6% | - | - | - | - | - | 2.9% | 0.1% | - | 0.2% | - | 1.4% | 2.7% | 8.4% | 10.8% | 23.5% |
| Profit As % Of Networth | 4.8% | - | - | - | - | - | 5.9% | 0.1% | - | 0.7% | - | 9.2% | 14.1% | 26.6% | 31.6% | 36.5% |
| Interest Cost to EBITDA % | 26.1% | 96.4% | 276.9% | 159.5% | 96.7% | 69.4% | 242.2% | 94.4% | 87.0% | 96.3% | 100.3% | 46.7% | 22.4% | 16.1% | 8.1% | 213.2% |
| Debt to Equity Ratio | 0.55 | 2.18 | 3.31 | 3.52 | 1.32 | 1.17 | 0.98 | 1.90 | 1.90 | 1.64 | 1.31 | 2.12 | 1.59 | 1.20 | 1.93 | 0.55 |
| RONW | 13.7% | - | - | - | - | - | -1.2% | 0.0% | - | 0.6% | - | 7.9% | 14.1% | 30.4% | 36.9% | 33.1% |
| ROCE | 9.5% | 0.0% | 0.1% | 1.0% | 2.0% | 3.6% | 3.1% | 2.2% | 1.5% | 2.3% | 2.4% | 3.9% | 4.7% | 18.1% | 23.9% | 28.1% |