MoneyWorks4Me analysed the past 10-year performance of Swaraj Engines Ltd and arrived at the following conclusion:
The 5-year analysis of Swaraj Engines Ltd's performance infers:
We analysed the performance of Swaraj Engines Ltd share prices over the last 10 years. Here is what we found out:
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
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.