Swan Energy Ltd

Know More
NSEBSE

730.85-31.35 (-4.11%)

12:00 AM,2nd Mar 2024

730.85-31.95 (-4.19%)

12:00 AM,2nd Mar 2024

BSE : 503310

NSE : SWANENERGY

Sector : Others

ISIN Code : INE665A01038

  • NSE
  • BSE
  • 1D
  • 5D
  • 1M
  • 6M
  • 1Y
  • 2Y
  • 5Y
  • MAX

Last Updated: Mar 02 2024 | 12:00 AM IST

Market Cap (₹ Cr)

22912

Turnover (₹ Cr)

25.76

Volume (Shares)

3524559

Face Value

1

52-WK High

782.25

52-WK High Date

27 Feb 2024

52-WK Low

192.65

52-WK Low Date

28 Mar 2023

All Time High

782.25

All Time High Date

27 Feb 2024

All Time Low

49.50

All Time Low Date

06 Sep 2013

Swan Energy Ltd

Swan Energy Ltd. (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. The Company has three verticals of business i.e. Textiles Energy and Constructions & Others. It has 6 subsidiary companies. 2 subsidiaries are engaged in Real estate business 2 subsidiaries are engaged in construction of LNG Port Project at Gujarat 1 subsidiary is engaged in Infrastructure and 1 have ceased operations. Out of 6 1 is a foreign subsidiary of which the operations have ceased and is in the process of strike-off from the registering authority in Singapore balance 5 subsidiaries are Indian subsidiaries. The BIFR proposal envisaged revival of only the spinning unit -- Swan Mills. In 1993-94 the company started operations in all departments by accepting job work. Nearly 80% of the processing work in the mill is being run on job works. As per the BIFR package the company disposed excess land owned by it on a commercial basis. The company achieved a turnaround by posting a profit in 1993-94. With the funds available through land sale the company is carried out a modernisation programme. Through merchant exporters it started supplying to big retailers in Europe like Marks & Spencers the UK retailing giant. It also diversified into the manufacture of cuprammoniam rayon yarn by setting up Vini Rayon Industries a joint venture with the Gujarat Industrial & Investment Corporation. For this it has tied up with Ralston & Associates US to set up a pilot plant near Jagadiah Gujarat. In Dec'95 BIFR declared that the company is no longer sick and discharged it from its purview.On successful implementation of Voluntary Retirement Scheme all the manufacturing activities has been suspended as all the operative workers/staff have opted for the scheme.During FY 2014 the SEL acquired a 0.3mn sq. ft. IT Park building in Whitefield EOIZ Industrial area in Bangalore. This is a ready building with a long term leasing agreement with reputed MNC.During the year 2017 Long Term Terminal User Agreements were signed with Indian Oil Corporation (IOC) Bharat Petroleum (BPCL) ONGC and GSPC for 4.5 MMTPA out of the first phase capacity of 5 MMTPA. Engineering Procurement and Construction (EPC) Contracts for the Port Terminal was finalized and issued during August 2016. After obtaining permission from Gujarat Maritime Board in December 2016 the Site construction activities have started. The EPC contractor completed a major portion of Dredging work and onsite works are on full swing. Letter of Intent has been issued to the EPC Contractor for the Topside during May 2017.SLPL has executed Shareholders Agreement (SHA) on 17th October 2017 with Swan Energy Limited (SEL) Gujarat Maritime Board (GMB) Gujarat State Petronet Limited (GSPL) and FSRU Venture India One Private Limited (FVIOPL) an affiliate of Mitsui OSK Lines (MOL) Japan for equity participation of SLPL. Post execution all promoters have contributed initial contribution towards equity share capital.Swan LNG Private Ltd. (SLPL) executed Concession Agreement (CA) with Gujarat Maritime Board (GMB) and Government of Gujarat (GoG) for developing FSRU based LNG Port Project on 18th October 2017. With execution of this agreement SLPL gets exclusive right and authority to develop finance design construct operate maintain and provide Port services to the users. The term of the CA is for 30 years from the date of Commencement of Operations further extendable for a period 20 years on mutually agreed terms and conditions.SLPL as a Charterer executed Bare Boat Charter agreement (BBC) with Triumph Offshore Private Limited (TOPL) to charter Floating Storage and Regasification Unit (FSRU) to the company on a long term lease for a period of 20 years in FY18.Triumph Offshore Private Limited (TOPL) subsidiary of SEL executed a Ship Building Contract for construction of 1 FSRU of 180000 Cubic Meter (CBM) storage capacity with M/s Hyundai heavy Industries Company Limited South Korea (HHICL) in FY18.In FY18 SLPL executed Contract Agreement worth Rs 459 Crore for Engineering Procurement Construction and Commissioning (EPCC) of the LNG Terminal Topside Infrastructure for its 5 million metric tonnes per annum (5MMTPA) FSRU based LNG Port Project with M/s Black & Veatch Private Limited (BVPl) a subsidiary of USA company `Black & Veatch' (BV).During FY18 SLPL along with TOPL executed following agreements with its Project Technical Partner Mitsui OSK Lines Tokyo Japan (MOL) and its 100% subsidiary M/s Regas Venture India One Private Limited (RVIOPL) for India's first LNG dedicated FSRU Port Project at Jafrabad Gujarat. MOL is a well established& experienced shipping company specialized in the Operation of LNG carriers (LNG) Floating Storage Units (FSU) and Floating Storage & Re-gasification Units (FSRU)).During the year 2018 the development of Technoya Park commercial property located in Gachibowli area of Hyderabad was completed Thereafter 50% of the property was sold to another builder and the balance property comprising 2.92 lakhs sq. ft was leased out to Mahataa Information India Private Limited. The annual rent of Rs 14 Crores is used for payment of LRD loan from HDFC.In FY 2021 Company set up India's first Greenfield LNG Port Terminal with the total capacity of 10 MMTPA at Jafrabad Port in Amreli District of Gujarat through its two subsidiaries namely Swan LNG Private Limited (SLPL) and Triumph Offshore Private Limited (TOPL). It took over the delivery of Floang Storage and Regasificaon Unit (FSRU) Vasant 1 on 29 September 2020. Post-delivery of FSRU it deployed FSRU on charter hire and signed a Time Charter Party Agreement (TCPA) with M/s CNTIC VPower Energy a Hong Kong based Company for interim utilization of FSRU as LNG Carrier for the period 01 November 2020 to 28 February 2021. On 26 April 2021 it signed Time Chartered Party Agreement with M/s. TEMA LNG a Ghana based company to deploy FSRU on charter hire for 270 days.During the year 2023 the Company acquired 55.01% equity shares of M/s Veritas (India) Limited and became subsidiary of the company. Swan Global PTE Limited' 100% subsidiary incorporated at Singapore has ceased to be subsidiary of the Company with effect from 15-09-2022.

Swan Energy Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

22912

EPS - TTM (₹) [S]

0.14

P/E Ratio (X) [S]

4.98

Face Value (₹) 1
Latest Dividend (%)10.00
Latest Dividend Date 21 Sep 2023
Dividend Yield (%) 0.01
Book Value Share (₹) [S]146.73
P/B Ratio (₹) [S]4.98
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.03 433 0.03
Groww Nifty Total Market Index Fund-Direct (G) 0.03 433 0.03

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

729.05

746.50

Week Low/High

708.75

782.00

Month Low/High

648.00

782.00

Year Low/High

192.65

782.00

All time Low/High

0.56

782.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-0.58%-0.77%0.910.75%
1 Month6.56%6.40%2.392.40%
3 Month75.81%76.00%9.3710.41%
6 Month138.64%138.68%12.8815.14%
1 Year189.96%190.13%25.2929.19%
3 Year399.90%397.35%46.7450.00%

Company Info

Company Information

Chairman (Non-Executive) : Navinbhai C Dave

Non-Exec. & Independent Dir. : Shobhan I Diwanji

Non-Exec. & Independent Dir. : Rajat Kumar Dasgupta

Non-Exec. & Independent Dir. : Pitamber S Teckchandani

Whole-time Director : Paresh V Merchant

Managing Director : Nikhil Merchant

Whole-time Director : Padmanabhan Sugavanam

Company Sec. & Compli. Officer : Arun S Agarwal

Non-Exec. & Independent Dir. : Surekha Oak

Registered Office: 6 Feltham House 2nd Floor, 10 J N Heredia Mrg BallardEst.,Mumbai,Maharashtra-400001 Ph: 91-22-40587350

Email:swan@swan.co.in

URL:http://www.swan.co.in