Swan Energy Ltd (formerly Swan Mills Ltd) is a diversified Indian company with strategic interests in liquefied natural gas (LNG) infrastructure, petrochemical trading, and engineering projects. Originally incorporated in 1909 as a textile manufacturer, the company has transformed into an energy-focused enterprise under the leadership of promoter Gautam Thapar. Its flagship project—a Floating Storage and Regasification Unit (FSRU)-based LNG import terminal at Jafrabad, Gujarat—is one of India’s first private-sector LNG terminals and positions Swan as a key player in India’s clean energy transition. Despite recent profit growth driven by one-time gains, the company faces challenges related to negative core earnings and execution risks. This article provides a data-backed outlook on the Swan Energy share price target 2026–2030.
Swan Energy Ltd: Company Overview
- Founded: 1909 (as Swan Mills Ltd); rebranded to Swan Energy Ltd
- Headquarters: New Delhi
- Core Business Segments:
- LNG Infrastructure: Developing a 5 MMTPA FSRU-based LNG import terminal at Jafrabad
- Petrochemical Trading: Through subsidiary Veritas India Ltd (acquired in 2023)
- Engineering & Fabrication: EPC services for oil & gas, power, and renewables
- Strategic Edge: Early-mover advantage in private LNG infrastructure; supports India’s gas-based economy vision
Note: The company is not in textiles anymore—it fully exited that business years ago. The current name is Swan Energy Ltd (NSE: SWANENERGY).
Swan Energy Ltd: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹422.00 |
| Market Capitalization | ₹13,229.45 Cr |
| No. of Shares Outstanding | 31.35 Cr |
| 52-Week High / Low | ₹558 / ₹362 |
| P/E Ratio (TTM) | 738.37 |
| P/B Ratio | 2.89 |
| EPS (TTM) | ₹0.57 |
| Book Value (TTM) | ₹146.11 |
| ROE | 0.20% |
| ROCE | 0.30% |
| Dividend Yield | 0.02% |
| Face Value | ₹1 |
| Cash | ₹55.27 Cr |
| Total Debt | ₹373.88 Cr |
| Debt-to-Equity | 0.08 |
| Sales Growth (YoY) | -64.89% |
| Profit Growth (YoY) | 316.70% |
| Promoter Holding | 53.96% |
Why Is Swan Corp Share Falling?
Despite a 316% YoY profit surge, Swan Energy’s stock has corrected over 25% from its 52-week high due to:
- Negative Core Earnings: The profit spike came from ₹2,000 Cr in other income (likely asset sales or forex gains), not operational performance. Core operating profit was -₹611 Cr.
- Plummeting Sales: Revenue fell 64.89% YoY, reflecting weak petrochemical trading volumes and delayed LNG project monetization.
- Near-Zero ROE/ROCE: ROE of 0.20% and ROCE of 0.30% indicate extremely poor capital efficiency.
- Execution Risk: The Jafrabad LNG terminal is still under development—revenue visibility remains uncertain.
Swan Energy Ltd Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹440 – ₹500 |
| 2027 | ₹470 – ₹550 |
| 2028 | ₹500 – ₹620 |
| 2029 | ₹530 – ₹690 |
| 2030 | ₹560 – ₹760 |
Swan Energy Ltd Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹440 | ₹500 |
The current P/E of 738x is unsustainable unless core operations turn profitable. The 2026 target assumes no major delays in the LNG terminal and stabilization of petrochemical trading. However, with ROCE near zero, upside is limited without tangible earnings.
Swan Energy Ltd Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹470 | ₹550 |
If the LNG terminal achieves commercial operations by late 2027, revenue could rebound. But until then, the stock remains a speculative bet, not a value play.
Swan Energy Ltd Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹500 | ₹620 |
Swan Energy Ltd Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹530 | ₹690 |
Swan Energy Ltd Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹560 | ₹760 |
Swan Energy Ltd: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 53.96% |
| Public & Retail | 23.51% |
| Domestic Institutional Investors (DII) | 12.83% |
| Foreign Institutional Investors (FII) | 9.70% |
| Others | 0% |
High promoter holding ensures strategic continuity, but low institutional ownership reflects caution.
Swan Energy Ltd: Strengths vs Risks
Strengths:
- First-mover in private LNG import infrastructure
- Strong government tailwinds for a gas-based economy
- Low debt (D/E: 0.08) and manageable leverage
Risks:
- No core profitability (operating loss of ₹611 Cr in FY25)
- Extremely high P/E (738x) based on non-recurring income
- Project execution risk—LNG terminal not yet operational
- Poor return ratios (ROE: 0.2%, ROCE: 0.3%)
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Very High |
| Ideal Time Horizon | 5+ years (only if LNG project succeeds) |
| Volatility | Extremely high (small-cap infrastructure bet) |
| Dividend/Income Potential | None (0.02% yield) |
| Best For | Aggressive investors betting on India’s LNG infrastructure boom |
Final Verdict
Swan Energy Ltd is a high-risk, long-duration infrastructure bet with massive potential—but only if the LNG terminal succeeds. Currently, its financials show no operational profitability, making the stock highly speculative. Our Swan Energy share price target 2026–2030 (₹440 to ₹760) assumes successful project execution and earnings normalization. Suitable only for aggressive portfolios with high risk tolerance.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Swan Energy Consolidated Page (FY2025 + TTM)
- Finology Ticker – SWANCORP Financial Ratios & Valuation
- Company Investor Presentation (Q3 FY26, Jan 2026)
- Ministry of Petroleum & Natural Gas – LNG Policy Updates
