Company Overview

New Swan Multitech Limited is a diversified engineering platform established in 2014, serving automotive and agricultural markets. The company has 300+ SKUs across both segments and operates two manufacturing facilities in Punjab (agricultural equipment) and Gujarat (automotive components). The company has presence across 19 States & UTs.

Leadership Team

The leadership team has 40+ years of combined experience. Barunpreet Singh serves as Executive Director, leading automotive and agricultural operations, driving innovation, exports, and business development.

Financial Highlights (FY26)

  • Revenue from Operations: ₹177.23 Cr (₹1,772.336 lakhs), up 10.9% from FY25's ₹159.75 Cr
  • EBITDA: ₹22.1 Cr, down 5.0% from FY25's ₹23.2 Cr
  • PAT: ₹9.6 Cr (₹958.56 lakhs), down 16.8% from FY25's ₹11.5 Cr
  • EBITDA Margin: 12.4%, down 210 bps from FY25's 14.5%
  • ROE: 11.3%, down 290 bps from FY25's 14.2%
  • EPS: ₹5.04, down from ₹6.06 in FY25
  • Net Worth: ₹88.4 Cr (₹8,841.21 lakhs)

Margin Pressure Reasons

FY26 was characterized as a "margin transition year" with profitability impacted by:

  • Increase in raw material and input costs
  • Change in product mix towards lower-margin products
  • Initial costs related to capacity expansion and business scale-up
  • Higher employee and operating expenses to support future growth
  • Temporary lag in passing on cost increases to customers
  • Vithlapur plant ramp-up phase and under-absorption of fixed costs
  • One-time expenses including expansion, ERP implementation and other non-recurring items

Balance Sheet Position (as at 31st March, 2026)

  • Share Capital: ₹19.02 Cr (₹1,901.62 lakhs)
  • Reserves & Surplus: ₹69.40 Cr (₹6,939.59 lakhs)
  • Long-term borrowings: ₹8.83 Cr (₹882.70 lakhs)
  • Short-term borrowings: ₹28.51 Cr (₹2,851.34 lakhs)
  • Property, Plant and Equipment: ₹49.02 Cr (₹4,901.95 lakhs)
  • Inventories: ₹77.76 Cr (₹7,776.47 lakhs)
  • Trade receivables: ₹17.26 Cr (₹1,725.50 lakhs)
  • Cash and cash equivalents: ₹2.09 Cr (₹208.63 lakhs)

Cash Flow & Working Capital

Operating cash flow was negative due to strategic inventory build-up:

  • Cash Flow from Operations (CFO): Negative ₹19.6 Cr
  • CFO Margin: Negative 11.1%
  • Working capital outflow is temporary due to seasonal inventory build-up
  • Cash conversion expected to improve with normalization

Business Segments

Automotive Components Business: Precision-engineered metal components for vehicle structures, engine systems, chassis systems and mounting applications for leading automotive OEMs. This segment is described as the "cash engine" generating stable earnings and operating cash flows.

Agricultural Equipment Business (Swan Agro): Comprehensive range of agricultural implements including mulchers and fertilizer spreaders. This segment is described as the "growth engine" with large addressable market in farm mechanization.

Manufacturing Capacity Utilization

  • Gujarat Plant: 80% capacity utilization (automotive components)
  • Punjab Plant: 60% capacity utilization (agricultural equipment)

Growth Strategy & Future Roadmap

  • Expanding dealer network targeting sales volume growth from 5,690 to 15,544 units
  • 113 new dealers already added with active dealer network of 250+
  • Focus on improving capacity utilization, product mix, and cost optimization
  • Better procurement through stronger vendor negotiations
  • Increasing share of high-value OEM business
  • Selective exploration of international markets beyond Russia and Cameroon

Awards & Recognition

  • Most Progressive Company of North India Award at "Bharat Ki Udaan"
  • Emerging MSME Award by ZEE PHH Channel (presented by Punjab Finance Minister S. Harpal Singh Cheema)
  • 45th Anniversary Celebrations & Awards Function recognizing New Swan Group's 45 years of engineering excellence