Swan Energy Ltd
Swan Energy Ltd (SWANENERGY)

Swan Energy Ltd (SWANENERGY)

₹228.40.92%

Key Stats

₹224.2
Day's Price Range
₹233.1
₹113.7
52-Week Price Range
₹336.9
1 Month Return12.79 %
3 Month Return16.23 %
1 Year Return78.12 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 355
-34.1
EPS
Rank 425
₹-6.72
BVPS
Rank 273
₹41.79
Dividend Yield
Rank 181
0.07%
ROE
Rank 626
0.28%
Price To Book Ratio
5.48
Debt To Asset
Rank 104
0.82

Company Information

Swan Energy Ltd. is owned and managed by Dave and Merchant families who took over the company from the J.P. Goenka Group in 1992.Swan Energy Ltd. Formerly known as Swan Mills Limited was incorporated on February 22 1909. The Company has three verticals of business i.e. Textiles Energy and Constructions Others. The Company 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 strikeoff 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 199394 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 199394. 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 Dec95 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 Indias 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 Regasification 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 Indias 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. Postdelivery 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.
OrganisationSwan Energy Ltd
HeadquartersMumbai
IndustryTextiles