Swan Defence and Heavy Industries (NSE:SWANDEF) EBIT: ₹-2,140 Mil (TTM As of Mar. 2026)


NSE:SWANDEF Swan Defence and Heavy Industries Ltd NSE:SWANDEF
31 GF Score
Price ₹2,215.60
GF Value ₹11,927.10
Valuation Possible Value Trap
! 5 Warning Signs
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What is Swan Defence and Heavy Industries EBIT?

Swan Defence and Heavy Industries NSE:SWANDEF +3.38% 31 EBIT is ₹-2,140 Mil as of Mar. 2026. GuruFocus rates NSE:SWANDEF with a GF Score™ of 31/100 and a GF Value™ of ₹11,927.10 (Possible Value Trap). The stock has 5 warning signs investors should review.

Swan Defence and Heavy Industries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹-1,374 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-2,140 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Swan Defence and Heavy Industries's annualized ROC % for the quarter that ended in Mar. 2026 was -37.75%. Swan Defence and Heavy Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -24.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Swan Defence and Heavy Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.51%.

Swan Defence and Heavy Industries  (NSE:SWANDEF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Swan Defence and Heavy Industries's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-10716.608 * ( 1 - 0% )/( (0 + 28392.033)/ 1 )
=-10716.608/28392.033
=-37.75 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=31671.929 - 391.32 - ( 2888.576 - max(0, 3263.888 - 14639.654+2888.576))
=28392.033

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Swan Defence and Heavy Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5494.82/( ( (0 + max(0, 0)) + (13528.833 + max(8654.906, 0)) )/ 1 )
=-5494.82/( ( 0 + 22183.739 )/ 1 )
=-5494.82/22183.739
=-24.77 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(123.191 + 9520.831 + 2107.056) - (391.32 + 0 + 2704.852)
=8654.906

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Swan Defence and Heavy Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-2139.707/141709.079
=-1.51 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Swan Defence and Heavy Industries EBIT Related Terms

Swan Defence and Heavy Industries EBIT Historical Data

* Premium members only.

The historical data trend for Swan Defence and Heavy Industries's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Swan Defence and Heavy Industries EBIT Chart

Swan Defence and Heavy Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -895.63 194,018.23 -949.94 -1,600.93 -2,135.89

Swan Defence and Heavy Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -202.96 -288.20 -175.80 -302.00 -1,373.71

NSE:SWANDEF vs GE, RTX, BA: EBIT Comparison

For the Aerospace & Defense subindustry, Swan Defence and Heavy Industries's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Swan Defence and Heavy Industries EV-to-EBIT vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Swan Defence and Heavy Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Swan Defence and Heavy Industries's EV-to-EBIT falls into.


NSE:SWANDEF
31GF Score
Swan Defence and Heavy Industries Ltd NSE:SWANDEF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Swan Defence and Heavy Industries EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-2,140 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹-2,140 Mil mean?
Swan Defence and Heavy Industries (NSE:SWANDEF) has a EBIT of ₹-2,140 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Swan Defence and Heavy Industries.
Is Swan Defence and Heavy Industries' EBIT too high?
Swan Defence and Heavy Industries' current EBIT is ₹-2,140 Mil. Overall, Swan Defence and Heavy Industries has a GF Score™ of 31/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Swan Defence and Heavy Industries' EBIT compare to GE and RTX?
Swan Defence and Heavy Industries' EBIT of ₹-2,140 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Aerospace & Defense company?
A good EBIT depends on the Aerospace & Defense industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Swan Defence and Heavy Industries. Swan Defence and Heavy Industries's current EBIT is ₹-2,140 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swan Defence and Heavy Industries stock overvalued right now?
Based on GuruFocus' analysis, Swan Defence and Heavy Industries (NSE:SWANDEF) is currently considered Possible Value Trap. The stock's GF Value™ is ₹11,927.10, compared to a current price of ₹2,215.60 — trading 81.4% below its estimated fair value. The current EBIT is ₹-2,140 Mil. Swan Defence and Heavy Industries' overall GF Score™ is 31/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Swan Defence and Heavy Industries (NSE:SWANDEF), the current EBIT is ₹-2,140 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Swan Defence and Heavy Industries (NSE:SWANDEF) Overvalued in 2026?

Based on GuruFocus' analysis, Swan Defence and Heavy Industries stock appears to be undervalued. The current stock price of ₹2,215.60 is trading 81.4% below its estimated GF Value™ of ₹11,927.10. GuruFocus considers Swan Defence and Heavy Industries to be Possible Value Trap.

Key valuation signals for NSE:SWANDEF:

  • EBIT: ₹-2,140 Mil
  • GF Value™: ₹11,927.10 vs. price of ₹2,215.60 (81.4% below fair value)
  • GF Score™: 31/100 with 5 warning signs

No single metric tells the full story. See the NSE:SWANDEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Swan Defence and Heavy Industries Business Description

Other Exchanges 533107:India
Address 10 J. N. Heredia Marg, 6 Feltham House, 2nd Floor, Ballard Estate, Mumbai, MH, IND, 400001
Swan Defence and Heavy Industries Ltd is mainly engaged in the construction of vessels, repairs, and refits of ships and rigs, and heavy engineering. The company has developed an integrated shipbuilding, ship and rig repair and conversion, ship production, offshore construction, and heavy engineering facility in Gujarat. The company has a large shipbuilding/repair infrastructure in India including the Dry Dock.
31GF Score

Get the complete analysis for NSE:SWANDEF

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,215.60
Price
₹11,927.10
GF Value