The shares of this midcap stock hit a 5 percent upper circuit of Rs 725.25 apiece after Foreign Institutional Investors, bought 42.78 lakh equity shares via the bulk deal.
The shares of Swan Energy Ltd were trading in green at Rs 725.25 per share, increased significantly by 4.99 percent as compared to the previous closing price of Rs 690.75 apiece. The company’s market capitalization of Rs 22,733.46 crore.
Today the company shares have seen a bullish movement after BlackRock Emerging Frontiers Master Fund Ltd. and BlackRock Global Funds India, an FII, bought 24.58 lakh and 18.20 lakh equity shares which is equivalent to 0.78% and 0.58% stake in Swan Energy respectively. The transaction value for both funds was just over ₹ 285 crore.
Examining the company’s financial performance, revenue magnified drastically by 50 percent from Rs 933 crore in Q4FY23 to Rs 1,398 crore in Q4FY24, during the same time frame, net profit dipped by 10 percent from Rs 62 crore to Rs 56 crore.
The stock has given a return of 34.46 percent in just six months and a multi-bagger of 176.71 percent in a year. A shareholder’s investment of Rs. 1 lakh in the firm is worth Rs. 2.76 lakh in a Year.
Earlier this month, the company did a strategic tie-up with “Telecommunications Consultants India Limited”, a Government of India Enterprise. The tie-up is in the fields of Artificial Intelligence (AI), Smart City (Waste Management), System Integration, GIS-based surveys, and Mapping- Land, Property, Utilities, etc.
The company’s profitability measures show an incline in return on equity (RoE) from negative 2.67 percent in FY 22-23 to positive 4.79 percent in FY 23-24, while, during the same period return on capital employed (RoCE) increased from 2.01 percent to 7.70 percent. In contrast, the net profit margin (NPM) was 11.67 percent in fiscal year 23-24.
Swan Energy Limited operates in the textile, real estate, energy, and petrochemical industries. The company’s segments include textiles, energy, construction/other, distribution and development, warehousing, manufacturing, and power generation. Its business verticals include oil and gas, petrochemical manufacturing and trading, textiles, and real estate.
Written by:- Abhishek Singh
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