Swan Corp Limited

NSEI:SWANCORP Stock Report

Market Cap: ₹141.6b

Swan Management

Management criteria checks 4/4

Swan's CEO is Nikhil Merchant, appointed in Sep 2009, has a tenure of 33.5 years. total yearly compensation is ₹13.84M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.015% of the company’s shares, worth ₹20.56M. The average tenure of the management team and the board of directors is 2.1 years and 3.1 years respectively.

Key information

Nikhil Merchant

Chief executive officer

₹13.8m

Total compensation

CEO salary percentage100.00%
CEO tenure16yrs
CEO ownership0.01%
Management average tenure2.1yrs
Board average tenure3.1yrs

Recent management updates

This Is The Reason Why We Think Swan Energy Limited's (NSE:SWANENERGY) CEO Might Be Underpaid

Sep 20
This Is The Reason Why We Think Swan Energy Limited's (NSE:SWANENERGY) CEO Might Be Underpaid

Recent updates

We Ran A Stock Scan For Earnings Growth And Swan (NSE:SWANENERGY) Passed With Ease

Aug 10
We Ran A Stock Scan For Earnings Growth And Swan (NSE:SWANENERGY) Passed With Ease

Why Investors Shouldn't Be Surprised By Swan Energy Limited's (NSE:SWANENERGY) Low P/E

Jun 28
Why Investors Shouldn't Be Surprised By Swan Energy Limited's (NSE:SWANENERGY) Low P/E

Should You Be Adding Swan Energy (NSE:SWANENERGY) To Your Watchlist Today?

Apr 28
Should You Be Adding Swan Energy (NSE:SWANENERGY) To Your Watchlist Today?

Lacklustre Performance Is Driving Swan Energy Limited's (NSE:SWANENERGY) 26% Price Drop

Mar 03
Lacklustre Performance Is Driving Swan Energy Limited's (NSE:SWANENERGY) 26% Price Drop

Swan Energy Limited's (NSE:SWANENERGY) 26% Jump Shows Its Popularity With Investors

Nov 25
Swan Energy Limited's (NSE:SWANENERGY) 26% Jump Shows Its Popularity With Investors

Returns On Capital Are Showing Encouraging Signs At Swan Energy (NSE:SWANENERGY)

Oct 16
Returns On Capital Are Showing Encouraging Signs At Swan Energy (NSE:SWANENERGY)

This Is The Reason Why We Think Swan Energy Limited's (NSE:SWANENERGY) CEO Might Be Underpaid

Sep 20
This Is The Reason Why We Think Swan Energy Limited's (NSE:SWANENERGY) CEO Might Be Underpaid

Does Swan Energy (NSE:SWANENERGY) Have A Healthy Balance Sheet?

Sep 06
Does Swan Energy (NSE:SWANENERGY) Have A Healthy Balance Sheet?

Swan Energy Limited's (NSE:SWANENERGY) P/S Is Still On The Mark Following 25% Share Price Bounce

Jul 30
Swan Energy Limited's (NSE:SWANENERGY) P/S Is Still On The Mark Following 25% Share Price Bounce

Swan Energy (NSE:SWANENERGY) Shareholders Will Want The ROCE Trajectory To Continue

Jun 28
Swan Energy (NSE:SWANENERGY) Shareholders Will Want The ROCE Trajectory To Continue

Investors Shouldn't Be Too Comfortable With Swan Energy's (NSE:SWANENERGY) Earnings

Jun 07
Investors Shouldn't Be Too Comfortable With Swan Energy's (NSE:SWANENERGY) Earnings

Swan Energy Limited (NSE:SWANENERGY) Looks Just Right With A 37% Price Jump

Apr 13
Swan Energy Limited (NSE:SWANENERGY) Looks Just Right With A 37% Price Jump

Swan Energy Limited's (NSE:SWANENERGY) 27% Jump Shows Its Popularity With Investors

Feb 24
Swan Energy Limited's (NSE:SWANENERGY) 27% Jump Shows Its Popularity With Investors

Returns Are Gaining Momentum At Swan Energy (NSE:SWANENERGY)

Jan 27
Returns Are Gaining Momentum At Swan Energy (NSE:SWANENERGY)

Swan Energy Limited's (NSE:SWANENERGY) 27% Jump Shows Its Popularity With Investors

Jan 06
Swan Energy Limited's (NSE:SWANENERGY) 27% Jump Shows Its Popularity With Investors

We Think That There Are Issues Underlying Swan Energy's (NSE:SWANENERGY) Earnings

Nov 18
We Think That There Are Issues Underlying Swan Energy's (NSE:SWANENERGY) Earnings

We Discuss Why Swan Energy Limited's (NSE:SWANENERGY) CEO May Deserve A Higher Pay Packet

Sep 22
We Discuss Why Swan Energy Limited's (NSE:SWANENERGY) CEO May Deserve A Higher Pay Packet

The Price Is Right For Swan Energy Limited (NSE:SWANENERGY)

Aug 22
The Price Is Right For Swan Energy Limited (NSE:SWANENERGY)

We Think Swan Energy (NSE:SWANENERGY) Is Taking Some Risk With Its Debt

Jun 28
We Think Swan Energy (NSE:SWANENERGY) Is Taking Some Risk With Its Debt

Investors Met With Slowing Returns on Capital At Swan Energy (NSE:SWANENERGY)

Jun 02
Investors Met With Slowing Returns on Capital At Swan Energy (NSE:SWANENERGY)

Is Swan Energy (NSE:SWANENERGY) Using Too Much Debt?

Mar 08
Is Swan Energy (NSE:SWANENERGY) Using Too Much Debt?

CEO Compensation Analysis

How has Nikhil Merchant's remuneration changed compared to Swan's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

₹6b

Mar 31 2025n/an/a

₹8b

Dec 31 2024n/an/a

₹8b

Sep 30 2024n/an/a

₹3b

Jun 30 2024n/an/a

₹4b

Mar 31 2024₹14m₹14m

₹3b

Dec 31 2023n/an/a

₹3b

Sep 30 2023n/an/a

₹2b

Jun 30 2023n/an/a

₹1b

Mar 31 2023₹14m₹14m

-₹359m

Dec 31 2022n/an/a

-₹830m

Sep 30 2022n/an/a

-₹1b

Jun 30 2022n/an/a

-₹2b

Mar 31 2022₹11m₹11m

-₹2b

Dec 31 2021n/an/a

-₹2b

Sep 30 2021n/an/a

-₹1b

Jun 30 2021n/an/a

-₹891m

Mar 31 2021₹9mn/a

-₹686m

Dec 31 2020n/an/a

-₹149m

Sep 30 2020n/an/a

-₹189m

Jun 30 2020n/an/a

-₹89m

Mar 31 2020₹14m₹14m

-₹58m

Dec 31 2019n/an/a

-₹393m

Jun 30 2019n/an/a

-₹377m

Mar 31 2019₹13m₹13m

-₹53m

Compensation vs Market: Nikhil's total compensation ($USD157.25K) is below average for companies of similar size in the Indian market ($USD543.22K).

Compensation vs Earnings: Nikhil's compensation has been consistent with company performance over the past year.

CEO

Nikhil Merchant (65 yo)

16yrs
Tenure
₹13,842,000
Compensation

Mr. Nikhil Vasantlal Merchant is Executive Director of Swan Defense and Heavy Industries Limited ((formerly known as Swan Defense and Heavy Industries Limited (formerly known as Reliance Naval and Engineer...

Leadership Team

NamePositionTenureCompensationOwnership
Nikhil Merchant
MD & Executive Director16yrs₹13.84m0.015%
₹ 20.6m
Chetan Selarka
CFO & Whole Time Director13.7yrs₹8.81mno data
Kundan Bhanawat
Chief Operating Officer3.8yrs₹5.23mno data
Paresh Merchant
Executive Directorno data₹13.84mno data
Padmanabhan Sugavanam
Whole Time Directorno data₹3.52mno data
Bhavesh Shah
Chief Investor Relations Officerless than a yearno datano data
Vivek Verma
Head of Human Resourceless than a yearno datano data
Kavin Mirchandani
Chief Strategy Officerless than a yearno datano data
2.1yrs
Average Tenure
63.5yo
Average Age

Experienced Management: SWANCORP's management team is considered experienced (2.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Nikhil Merchant
MD & Executive Director33.5yrs₹13.84m0.015%
₹ 20.6m
Chetan Selarka
CFO & Whole Time Director1.1yrs₹8.81mno data
Paresh Merchant
Executive Director26.8yrs₹13.84mno data
Padmanabhan Sugavanam
Whole Time Director15yrs₹3.52mno data
Kannan Jayaramakrishnan
Independent Directorless than a yearno datano data
Ashishkumar Bairagra
Independent Director1.1yrsno datano data
Navinbhai Dave
Non-Executive Chairman26.8yrsno datano data
Rohinton Shroff
Independent Non-Executive Director3.1yrsno datano data
Prabhakar Patil
Independent Director1.1yrsno datano data
3.1yrs
Average Tenure
63yo
Average Age

Experienced Board: SWANCORP's board of directors are considered experienced (3.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/08 17:55
End of Day Share Price 2025/09/08 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Swan Corp Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullCRISIL Research
Kameswari V. S. ChavaliFirstCall Research