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← CockpitCompetitor Analysis › SWANCORP.NS Swan CorpOpen in the cockpit ↗

Swan CorpSWANCORP.NSCompetitor analysis, valuation and peers

India · INR·Power & Utilities›Electric Utilities
Momentum laggard 6
Mkt cap
$799M
US dollars, full cap
Free float
43%
of shares outstanding
$/day
$2.04M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-14.7 pp
WACC 12.4%
Hurdle
n/a
no reverse DCF
Next earnings
103 days
17 Feb 2027
Close · INR₹240.55
1D-3.3%
1W+5.8%
1M-11.5%
3M-22.6%
6M-32.3%
YTD-48.7%
1Y-49.5%
ATR %4.5%
Beta1.04
52w lowhigh51.3% off high

What Swan does

Employees: 416

Swan at a glance

Size Swan (SWANCORP.NS) is an India Utilities company (Electric Utilities) with a market value of $799M, the 671st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹240.55 on 6 Nov 2026.

Performance Over six months the shares fell 32.3%, against -24.4% for the median peer and 0.0% for the India market (cap-weighted) — 4th lowest of 21 in its peer set.

Growth Revenue fell 16.7% over the last twelve months (peer median +3.6%); the operating margin is -8.6% (peer median 6.4%).

Valuation It trades at 2.4× enterprise value to sales against a peer median of 2.8× (10th cheapest of 21).

Capital Return on invested capital runs 14.7 points below its cost of capital (12.4% WACC).

Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 74SWANCORP.NS 68
Six months, rebased to 100: Swan against the median of its 20 peers (local-currency closes).

Swan financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹41.7B₹43.3B₹49.0B₹49.8B₹14.0B
Revenue growth—-12%-2%+255%—
Gross profit-₹1.75B-₹2.36B₹4.59B₹8.45B₹1.79B
EBITDA-₹2.34B-₹2.39B-₹1.64B₹8.35B₹1.97B
Net income₹2.24B₹2.74B₹7.55B₹3.01B-₹359M
Free cash flown/a-₹2.32B-₹21.9B-₹6.26B-₹33.8B
Capital expendituren/a₹2.10B₹15.8B₹4.48B₹29.3B
Total debtn/a₹22.6B₹29.7B₹35.2B₹50.4B

Quarterly statements and history in the cockpit →

Swan competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-30%-20%-10%0%-30%-20%-10%0%RPOWERBWM000531600644000993600868600982EDN2GB0006011798002479TEP600310600979000862605580600780PEPSWANCORP.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Swan is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%0×5×10×RPOWERBWM000531600644000993600868600982EDN2GB0006011798002479TEP600310600979000862605580JPPOWER600780PEPSWANCORP.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Swan is the large dot.

Swan competitors and peer comparison

How Swan compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Swan against its 20 peers (data as of 6 Nov 2026)
MeasureSWANCORP.NSPeer medianRank in peer set
1-month return-11.5%-8.9%7th lowest of 21
6-month return-32.3%-24.4%4th lowest of 21
Distance from 52-week high-51.3%-41.8%6th lowest of 21
Revenue growth (TTM)-16.7%+3.6%3rd lowest of 21
Operating margin-8.6%6.4%2nd lowest of 21
EV / Sales2.4×2.8×10th cheapest of 21
ROIC minus cost of capital-14.7 pp-1.2 pplowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Swan SWANCORP.NSIndia$799M-32%-17%-9%2.4×n/an/a
Reliance Power RPOWER.NSIndia$806M-37%+3%20%1.0×-4.9%-0.5%
Zheneng Jinjiang Environment BWM.SISingapore$786M+13%+5%33%4.1×-3.0%+2.2%
Guangzhou Hengyun Enterprises 000531.SZChina$817M-26%0%-2%3.6×n/an/a
Leshan Electric Power 600644.SSChina$779M-27%0%-1%1.8×15.8%+8.3%
Fujian Mindong Electric Power 000993.SZChina$846M+1%-18%5%10.8×14.7%+10.1%
Guangdong Meiyan Jixiang Hydropower 600868.SSChina$752M-23%+60%-32%9.9×18.3%+15.3%
Ningbo Energy Group Co., Ltd 600982.SSChina$748M-24%+9%9%3.6×5.0%-6.9%
Empresa Distribuidora Y Comercializadora Norte S.A. Sponsored ADR EDNUnited States$738M-40%+2%6%0.4×n/an/a
2G Energy 2GB.DEGermany$885M-25%-12%6%2.1×18.5%+10.1%
Guangdong Shaoneng 000601.SZChina$887M-15%+6%7%2.5×-0.4%-0.7%
China Datang Corp. Renewable Power 1798.HKHong Kong$904M-42%-6%21%8.3×n/an/a
Zhejiang Fuchunjiang Environmental Thermoelectric 002479.SZChina$704M-2%+26%9%1.0×-10.7%+2.9%
Telecom Plus TEP.LUnited Kingdom$922M-15%+6%6%0.4×-8.6%+17.6%
Guangxi Energy 600310.SSChina$939M-14%+11%16%5.5×4.8%-27.7%
Sichuan Guangan AAA Public 600979.SSChina$670M-28%+4%-5%3.0×n/an/a
Ning Xia Yin Xing Energy 000862.SZChina$665M-25%-8%0%4.3×-1.4%+1.7%
Hengsheng Energy 605580.SSChina$653M-28%+30%19%4.5×15.7%+14.1%
Jaiprakash Power Ventures JPPOWER.NSIndia$1.01B-29%+6%21%2.3×9.9%+11.0%
Top Energy Co. Ltd. Shanxi 600780.SSChina$1.02B-13%0%5%0.5×-15.1%+10.2%
Polenergia PEP.WAPoland$1.02B+3%-19%6%1.7×15.8%+18.5%

Questions

Which companies are Swan's closest peers?
The cockpit's peer set: Reliance Power (RPOWER.NS), Zheneng Jinjiang Environment (BWM.SI), Guangzhou Hengyun Enterprises (000531.SZ), Leshan Electric Power (600644.SS), Fujian Mindong Electric Power (000993.SZ), Guangdong Meiyan Jixiang Hydropower (600868.SS), Ningbo Energy Group Co., Ltd (600982.SS), Empresa Distribuidora Y Comercializadora Norte S.A. Sponsored ADR (EDN).
Is Swan expensive compared with its peers?
On ev / sales it trades at 2.4× against a peer median of 2.8×, 10th cheapest of 21 in its peer set.
How has Swan stock performed?
Over six months to 6 Nov 2026 the shares returned -32.3% against -24.4% for the median peer; over one year -49.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.