Is Swaraj Engines Ltd (SWARAJENG) a good quality company?

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

Is Swaraj Engines Ltd (SWARAJENG) 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 Somewhat overvalued zone .

What is Swaraj Engines Ltd (SWARAJENG) share price return in the past 10 years?

Swaraj Engines Ltd share price has appreciated 14% annually (CAGR) over the past ten years.

Is Swaraj Engines Ltd (SWARAJENG) a good buy now?

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

What is the share price of Swaraj Engines Ltd (SWARAJENG)?

Company share prices are keep on changing according to the market conditions. The current trading price of Swaraj Engines Ltd (SWARAJENG) on 17-Apr-2026 16:59:59 at 16:59 is 4049.20.

What is the P/E ratio of Swaraj Engines?

The latest standalone P/E ratio of Swaraj Engines as of 17-Apr-2026 is 25.33.

What is the P/B ratio of Swaraj Engines Ltd (SWARAJENG)?

The latest standalone P/B ratio of Swaraj Engines Ltd (SWARAJENG) as of 17-Apr-2026 is 10.17.

What is the 52-week high and low of Swaraj Engines Ltd (SWARAJENG)?

The 52-week high of Swaraj Engines Ltd (SWARAJENG) is Rs. 4725.95 and the 52-week low is Rs. 3300.00.

Swaraj Engines Ltd (SWARAJENG) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Swaraj Engines Ltd (SWARAJENG)
Brand: Swaraj Engines

Swaraj Engines Ltd (SWARAJENG) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Swaraj Engines Ltd (SWARAJENG)

BSE: 500407 NSE: SWARAJENG

Key Metrics

Market Cap

₹4,973 Cr.

P/E Ratio

25.33

Price to Book (P/B)

10.17

Price to Sales (P/S)

2.48

EV/EBITDA

16.74

Return on Capital Employed (ROCE)

56.71%

Current Price

₹4,049.2

Return on Equity (ROE)

42.17%

Return on Assets (ROA)

27.14%

Operating Profit Margin

13.5%

Net Profit Margin

9.87%

Gross Profit Margin

14.5%

Book Value per Share

₹402.4

Sales Growth (YoY)

18.51%

Sales Growth (3 Years)

13.9%

Operating Profit Growth (1 Year)

20.99%

Operating Profit Growth (3 Years)

13.38%

Net Profit Growth (1 Year)

20.39%

52-Week Low / High

₹3,300 / 4,726

Net Profit Growth (3 Years)

14.88%

Dividend Yield

2.68%

Promoter Holding

52.12%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Swaraj Engines Ltd?

Swaraj Engines Ltd revenue growth is 18.5% for FY-2025 , which is above its 5 year CAGR of 16.8% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Swaraj Engines Ltd?

Promoters hold 52.12% of the Swaraj Engines Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Swaraj Engines Ltd vs industry peers?

Swaraj Engines Ltd revenue CAGR is 16.81% , compared to the industry median CAGR of 4.42% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Swaraj Engines Ltd belong to?

Swaraj Engines Ltd belongs to the Automobiles sector, operating specifically within the Diesel Engines segment.

Q.1 Stock return of Swaraj Engines Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 14% based on the current price.

DeciZen - make an informed investing decision on Swaraj Engines

Based on:

Data
Research

Standalone basis

1. Right Stock

2. Right Price

Price Chart

3. Right Time ⓘ

#Likely Future 5 Year CAGR.

Overall Rating ⓘ
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1. Quality

2. Valuation ⓘ

3. Price Trend

Swaraj Engines stock performance

Key Ratios

Is Swaraj Engines Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	32.1%	38.6%	48.3%	54.7%	39.3%	48.2%	50.1%	55.5%	52.1%	56.7%	-
Value Creation Index ⓘ	1.3	1.8	2.5	2.9	1.8	2.4	2.6	3.0	2.7	3.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	526	666	771	872	773	987	1,138	1,422	1,419	1,682	2,007
Sales YoY Gr.	-	26.7%	15.8%	13%	-11.3%	27.6%	15.4%	24.9%	-0.2%	18.5%	-
Adj EPS ⓘ	41.3	55.4	66	67.8	58.6	75.8	89.3	109.7	112.9	136	161.6
YoY Gr.	-	34.1%	19.2%	2.8%	-13.7%	29.5%	17.7%	22.8%	3%	20.5%	-
BVPS (₹) ⓘ	212	227.9	188	195.7	193.9	230.7	251.6	281.6	303.3	344.8	402.4
Adj Net Profit ⓘ	51.3	68.7	80	82.3	71.1	92.1	108	133	137	165	196
Cash Flow from Ops. ⓘ	63	82.3	89.3	68.8	99.6	28	100	133	142	177	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.8%	16.8%	13.9%	18.5%
Adj EPS ⓘ	14.2%	18.4%	15.1%	20.5%
BVPSⓘ	5.6%	12.2%	11.1%	13.7%
Share Price	14%	24.3%	37.9%	-2.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	21.6	25.1	31.3	35.3	30	35.7	37	41.1	38.6	42	43.3
Op. Profit Mgn % ⓘ	14	15.6	15.8	15.1	13	13.8	13.7	13.1	13.3	13.5	13.6
Net Profit Mgn % ⓘ	9.8	10.3	10.4	9.4	9.2	9.3	9.5	9.4	9.7	9.8	9.8
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	53	73	71	55	61	61	72	70	71	66	46
Cash Conv. Cycle ⓘ	-18	-22	-27	-25	-30	-16	0	3	1	-0	23

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	161.6	-
TTM Sales (₹ Cr.)	2,007	-
BVPS (₹) ⓘ	402.4	-
Reserves (₹ Cr.) ⓘ	477	-
P/BV ⓘ	10.17	-
PE ⓘ	25.33	-

From the Market
52 Week Low / High (₹)	3300.00 / 4725.95
All Time Low / High (₹)	25.00 / 4725.95
Market Cap (₹ Cr.)	4,973
Equity (₹ Cr.)	12.2
Face Value (₹)	10
Industry PE ⓘ	56.8

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Swaraj Engines - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	526	666	771	872	773	987	1,138	1,422	1,419	1,682
Operating Expenses ⓘ +	452	562	650	740	673	851	983	1,236	1,232	1,455
Manufacturing Costs	18	22	25	27	24	25	28	32	34	39
Material Costs	396	496	574	657	592	766	890	1,134	1,121	1,327
Employee Cost	27	31	35	39	42	43	44	44	43	48
Other Costs ⓘ	11	13	15	17	14	17	21	27	34	42
Operating Profit ⓘ	74	104	122	132	100	136	155	186	187	226
Operating Profit Margin (%)	14.0%	15.6%	15.8%	15.1%	13.0%	13.7%	13.7%	13.1%	13.2%	13.5%
Other Income ⓘ +	16	18	19	15	13	9	10	13	15	17
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	0	0	1	0	0	0	0	0	0	0
Depreciation ⓘ	14	16	17	20	20	20	18	19	17	20
Profit Before Tax ⓘ	76	105	123	127	93	124	147	180	185	223
Tax ⓘ	25	37	43	45	22	32	37	46	47	57
Profit After Tax	51	69	80	82	71	93	109	134	138	166
PAT Margin (%)	9.8%	10.3%	10.4%	9.5%	9.2%	9.4%	9.6%	9.4%	9.7%	9.9%
Adjusted EPS (₹)	41.3	55.4	66.1	68.0	58.6	76.2	90.2	110.0	113.5	136.6
Dividend Payout Ratio (%)	80%	78%	76%	74%	68%	91%	89%	84%	84%	76%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	263	283	228	237	235	280	305	342	368	419
Share Capital ⓘ	12	12	12	12	12	12	12	12	12	12
Reserves ⓘ	251	271	216	225	223	268	293	330	356	407
Debt +	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	54	70	98	104	99	164	130	166	158	221
Others Liabilities ⓘ	19	19	21	25	21	15	26	27	27	29
Total Liabilities ⓘ	337	372	347	366	355	458	461	535	554	669
Fixed Assets
Net Fixed Assets ⓘ +	101	92	92	108	103	92	95	87	75	110
Gross Block	193	197	207	238	252	259	267	253	229	277
Accumulated Depreciation	92	105	115	130	148	168	173	166	153	167
CWIP ⓘ	0	0	6	3	4	1	2	2	38	5
Investments ⓘ	11	49	76	84	111	34	36	26	20	19
Inventories	28	26	32	47	37	62	62	70	71	78
Trade Receivables	7	13	15	19	4	113	104	128	120	177
Cash Equivalents	108	49	47	32	18	117	91	109	176	174
Others Assets ⓘ	81	143	79	72	77	39	72	113	54	105
Total Assets ⓘ	337	372	347	366	355	458	461	535	554	669

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	63	82	89	69	100	28	100	133	142	177
PBT ⓘ	76	105	123	127	93	124	147	180	185	223
Adjustment ⓘ	-2	-0	-1	5	8	12	9	7	4	5
Changes in Working Capital ⓘ	13	15	11	-19	23	-72	-18	-6	1	6
Tax Paid ⓘ	-24	-38	-43	-45	-25	-36	-38	-48	-47	-58
Cash Flow From Investing Activity ⓘ +	-14	-32	47	4	-27	56	-48	-38	-30	-58
Capex	-27	-6	-22	-33	-16	-5	-18	-11	-46	-24
Net Investments	-3	-42	74	48	-8	54	-50	-32	33	-84
Others ⓘ	16	17	-4	-11	-3	8	20	5	-17	50
Cash Flow From Financing Activity ⓘ +	-49	-49	-136	-73	-73	-49	-84	-97	-112	-116
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-0	-0	-1	-0	-0	-0	-0	-0	-0	-0
Dividend Paid ⓘ	-49	-49	-64	-73	-73	-49	-84	-97	-112	-115
Others ⓘ	0	0	-71	0	0	0	0	-0	-0	-1
Net Cash Flow ⓘ	0	1	1	-0	-0	36	-32	-2	1	2

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	21.59	25.2	31.35	35.42	30.06	35.93	37.4	41.27	38.81	42.17
ROCE (%)	32.08	38.58	48.34	54.66	39.29	48.21	50.13	55.51	52.12	56.71
Asset Turnover Ratio	1.79	2.11	2.21	2.44	2.14	2.43	2.47	2.85	2.61	2.75
PAT to CFO Conversion(x)	1.24	1.19	1.11	0.84	1.41	0.3	0.92	0.99	1.03	1.07
Working Capital Days
Receivable Days	4	5	7	7	5	22	35	30	32	32
Inventory Days	19	13	13	17	20	18	20	17	18	16
Payable Days	47	46	54	56	63	63	60	48	53	52

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Swaraj Engines Ltd FAQs

The current trading price of Swaraj Engines on 17-Apr-2026 16:59 is ₹4,049.2.

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 16-Apr-2026 the market cap of Swaraj Engines stood at ₹4,973.2 Cr

The latest P/E ratio of Swaraj Engines as of 16-Apr-2026 is 25.33.

The latest P/B ratio of Swaraj Engines as of 16-Apr-2026 is 10.17.

The 52-week high of Swaraj Engines is ₹4,726 and the 52-week low is ₹3,300.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swaraj Engines is ₹2,007 ( 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 â€œSwarajâ€ tractors. SELâ€™s engine business currently constitutes some 93% of the companyâ€™s product revenue. The balance 7% represents value of hitech engine components being supplied to SML for assembly of commercial vehicle engines.

SELâ€™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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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Swaraj Engines Ltd (SWARAJENG) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Swaraj Engines Share Price