Swaraj Engines Ltd - Stock Valuation and Financial Performance

BSE: 500407 | NSE: SWARAJENG | Diesel Engines | Small Cap

Swaraj Engines Share Price

2,292.60 39.95 1.77%
as on 28-Mar'24 14:00

DeciZen - make an informed investing decision on Swaraj Engines

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Swaraj Engines stock performance -

mw4me loader
P/E Ratio (SA):
19.88
Market Cap:
2,736.4 Cr.
52-wk low:
1,513.3
52-wk high:
2,647.9

Is Swaraj Engines Ltd an attractive stock to invest in?

1. Is Swaraj Engines Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Swaraj Engines Ltd is a good quality company.

2. Is Swaraj Engines Ltd undervalued or overvalued?

The key valuation ratios of Swaraj Engines Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Swaraj Engines Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Swaraj Engines Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Swaraj Engines:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Swaraj Engines Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 32.9%24.5%21.6%25.2%31.5%35.3%30%35.7%37%41.1%-
Value Creation
Index
1.40.80.50.81.31.51.11.61.61.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6085405266667718727739871,1381,4221,428
Sales YoY Gr.--11.3%-2.6%26.7%15.8%13%-11.3%27.6%15.4%24.9%-
Adj EPS 53.441.641.355.46667.858.675.889.3109.7113.3
YoY Gr.--22.2%-0.7%34.1%19.2%2.8%-13.7%29.5%17.7%22.8%-
BVPS (₹) 169170.8212227.9188195.7193.9230.7251.6281.6274.3
Adj Net
Profit
66.351.651.368.78082.371.192.1108133138
Cash Flow from Ops. 67.155.66382.389.368.899.628100133-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.9%13%22.5%24.9%
Adj EPS 8.3%10.7%23.3%22.8%
BVPS5.8%8.4%13.3%12%
Share Price 12.7% 9.9% 20.5% 51%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
32.924.521.625.131.335.33035.73741.140.8
Op. Profit
Mgn %
14.913.81415.615.815.11313.813.713.113.2
Net Profit
Mgn %
10.99.69.810.310.49.49.29.39.59.49.6
Debt to
Equity
0000000000-
Working Cap
Days
3639537371556161727048
Cash Conv.
Cycle
-8-13-18-22-27-25-30-160325

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 40.80%

Sales growth is growing at healthy rate in last 3 years 22.51%

Net Profit is growing at healthy rate in last 3 years 23.26%

Sales growth is good in last 4 quarters at 12.53%

No data to display

Latest Financials - Swaraj Engines Ltd.

Standalone Consolidated
TTM EPS (₹) 113.3 -
TTM Sales (₹ Cr.) 1,428 -
BVPS (₹.) 274.3 -
Reserves (₹ Cr.) 321 -
P/BV 8.21 -
PE 19.88 -
From the Market
52 Week Low / High (₹) 1513.25 / 2647.90
All Time Low / High (₹) 25.00 / 2647.90
Market Cap (₹ Cr.) 2,736
Equity (₹ Cr.) 12.2
Face Value (₹) 10
Industry PE 48

Management X-Ray of Swaraj Engines:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Swaraj Engines

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6085405266667718727739871,1381,422
Operating Expenses 5184654525626507406738519831,236
Manufacturing Costs22191822252724252832
Material Costs4624093964965746575927668901,134
Employee Cost 28312731353942434444
Other Costs 561113151714172127
Operating Profit 917574104122132100136155186
Operating Profit Margin (%) 14.9%13.8%14.0%15.6%15.8%15.1%13.0%13.7%13.7%13.1%
Other Income 1716161819151391013
Interest 0000100000
Depreciation 9131416172020201819
Exceptional Items -1000000000
Profit Before Tax 98787610512312793124147180
Tax 31262537434522323746
Profit After Tax 6752516980827193109134
PAT Margin (%) 11.0%9.6%9.8%10.3%10.4%9.5%9.2%9.4%9.6%9.4%
Adjusted EPS (₹)54.041.741.355.466.168.058.676.290.2110.0
Dividend Payout Ratio (%)65%79%80%78%76%74%68%91%89%84%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 210212263283228237235280305342
Share Capital 12121212121212121212
Reserves 197200251271216225223268293330
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables594854709810499164130166
Others Liabilities 65651919212521152627
Total Liabilities 334325337372347366355458461535

Fixed Assets

Gross Block153163193197207238252259267253
Accumulated Depreciation698092105115130148168173166
Net Fixed Assets84841019292108103929587
CWIP 2500634122
Investments 724211497684111343626
Inventories46332826324737626270
Trade Receivables8771315194113104128
Cash Equivalents 1051401084947321811791109
Others Assets1715811437972773972113
Total Assets 334325337372347366355458461535

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 67566382896910028100133
PBT 98787610512312793124147180
Adjustment -8-3-20-1581297
Changes in Working Capital 88131511-1923-72-18-6
Tax Paid -30-27-24-38-43-45-25-36-38-48
Cash Flow From Investing Activity -16-11-14-32474-2756-48-38
Capex -12-16-27-6-22-33-16-5-18-11
Net Investments -20-10-3-427448-854-50-32
Others 15161617-4-11-38205
Cash Flow From Financing Activity -48-51-49-49-136-73-73-49-84-97
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000-100000
Dividend Paid -48-51-49-49-64-73-73-49-84-97
Others 0000-7100000
Net Cash Flow 3-60110036-32-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)33.224.5721.5925.231.3535.4230.0635.9337.441.27
ROCE (%)48.4936.8932.0838.5848.3454.6639.2948.2150.1355.51
Asset Turnover Ratio2.151.811.792.112.212.442.142.432.472.85
PAT to CFO Conversion(x)11.081.241.191.110.841.410.30.920.99
Working Capital Days
Receivable Days5445775223530
Inventory Days23241913131720182017
Payable Days41484746545663636048

Swaraj Engines Ltd Stock News

Swaraj Engines Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Swaraj Engines on 28-Mar-2024 14:00 is ₹2,292.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 14:00 the market cap of Swaraj Engines stood at ₹2,736.4.
The latest P/E ratio of Swaraj Engines as of 28-Mar-2024 14:00 is 19.88.
The latest P/B ratio of Swaraj Engines as of 28-Mar-2024 14:00 is 8.21.
The 52-week high of Swaraj Engines is ₹2,647.9 and the 52-week low is ₹1,513.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swaraj Engines is ₹1,428 ( Cr.) .

About Swaraj Engines Ltd

Swaraj Engines (SEL) was started in 1986 in technical and financial collaboration with Kirloskar Oil Engines (KOEL) for manufacture of Diesel Engines.

SEL is a joint venture between erstwhile Punjab Tractors (PTL), which has since been merged with Mahindra & Mahindra (M&M) and Kirloskar Oil Engines. (KOEL). Originally set up to manufacture engines for PTL, in recent years SEL has also been a supplier of hi-tech engine components to Swaraj Mazda (SML).

Since start of commercial operations in 1989-90, SEL has supplied around 3,18,000 engines for fitment into “Swaraj” tractors. SEL’s engine business currently constitutes some 93% of the company’s product revenue. The balance 7% represents value of hitech engine components being supplied to SML for assembly of commercial vehicle engines.

SEL’s financial performance has been exceptional right from the beginning. Its operations have been characterised by a lean organisation structure, continuous improvement in process efficiencies and optimised resource utilisation.

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