Swaraj Engines Ltd Stock Analysis

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

BSE Share Price Aug 18, 18:03
1612.35 -5.60 (-0.35%)

DeciZen - Make an Informed Decision on Swaraj Engines

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Swaraj Engines Price Chart

P/E Ratio (SA) :
16.97
Market Cap :
1,958.1 Cr.
52-wk low :
1,292.6
52-wk high :
1,800
Bole Toh?

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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 27.1%32.9%24.5%21.6%25.2%31.5%35.3%30%35.7%37%-
Value Creation Index 0.91.40.80.50.81.31.51.11.6NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4796085405266667718727739871,1381,222
YoY Gr. Rt. %-27%-11.3%-2.6%26.7%15.8%13%-11.3%27.6%15.4%-
Adj EPS 41.453.441.641.355.46667.858.675.889.395
YoY Gr. Rt. %-29.1%-22.2%-0.7%34.1%19.2%2.8%-13.7%29.5%17.7%-
BVPS (₹) 156169170.8212227.9188195.7193.9230.7251.6284.1
Adj Net Profit 51.466.351.651.368.78082.371.192.1108115
Cash Flow from Ops. 47.567.155.66382.389.368.899.628103-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.1%11.3%9.3%15.4%
Adj EPS 8.9%10%9.6%17.7%
BVPS 5.528.79.1
Share Price 15.1% -3.8% 15.1% -7.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 27.132.924.521.625.131.335.33035.73735.5
Op. Profit Mgn % 14.914.913.81415.615.815.11313.813.713.3
Net Profit Mgn % 10.710.99.69.810.310.49.49.29.39.59.4
Debt to Equity 0000000000-
Working Cap Days 423639537371556161720
Cash Conv. Cycle -7-8-13-18-22-27-25-30-16-10

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 35.50%

Sales growth has been subdued in last 3 years 9.30%

Net Profit has been subdued in last 3 years 9.59%

Sales growth is not so good in last 4 quarters at 2.70%

Latest Financials - Swaraj Engines Ltd.

Standalone Consolidated
TTM EPS (₹) 95 -
TTM Sales (₹ Cr.) 1,222 -
BVPS (₹.) 284.1 -
Reserves (₹ Cr.) 333 -
P/BV 5.68 -
PE 16.97 -
From the Market
52 Week Low / High (₹) 1292.55 / 1800.00
All Time Low / High (₹) 25.00 / 2545.00
Market Cap (₹ Cr.) 1,958
Equity (₹ Cr.) 12.1
Face Value (₹) 10
Industry PE 39.3

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

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Key Ratios of Swaraj Engines

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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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