Is Swaraj Engines 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 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 Overvalued zone .

What is Swaraj Engines share price return in the past 10 years?

Swaraj Engines Ltd share price has appreciated 17.4% annually (CAGR) over the past ten years.

Is Swaraj Engines 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

Swaraj Engines Ltd - Stock Valuation and Financial Performance

Name: Swaraj Engines
Brand: Swaraj Engines

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

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Swaraj Engines Share Price

₹4,350.05 -109.10 -2.45%
as on 18-Jul'25 16:59

Swaraj Engines Ltd - Stock Valuation and Financial Performance

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

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Swaraj Engines Share Price

₹4,350.05 -109.10 -2.45%
as on 18-Jul'25 16:59

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

Standalone Basis ^P Consolidated Basis

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	1,748
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	142.2
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	385.9
Adj Net Profit ⓘ	51.3	68.7	80	82.3	71.1	92.1	108	133	137	165	173
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	17.4%	24.9%	43.3%	46.4%

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	38.9
Op. Profit Mgn % ⓘ	14	15.6	15.8	15.1	13	13.8	13.7	13.1	13.3	13.5	13.5
Net Profit Mgn % ⓘ	9.8	10.3	10.4	9.4	9.2	9.3	9.5	9.4	9.7	9.8	9.9
Debt to Equity ⓘ	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	22

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.90%

Net Profit is growing at healthy rate in last 3 years 15.07%

Sales growth is good in last 4 quarters at 22.05%

Return on Equity has declined versus last 3 years average to 38.90%

Latest Financials - Swaraj Engines Ltd.

	Standalone	Consolidated
TTM EPS (₹)	142.2	-
TTM Sales (₹ Cr.)	1,748	-
BVPS (₹.) ⓘ	385.9	-
Reserves (₹ Cr.) ⓘ	457	-
P/BV ⓘ	11.27	-
PE ⓘ	30.59	-

From the Market
52 Week Low / High (₹)	2530.00 / 4725.95
All Time Low / High (₹)	25.00 / 4725.95
Market Cap (₹ Cr.)	5,284
Equity (₹ Cr.)	12.2
Face Value (₹)	10
Industry PE ⓘ	47.7

Management X-Ray of Swaraj Engines:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Swaraj Engines

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Key Ratios of Swaraj Engines

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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
Interest ⓘ	0	0	1	0	0	0	0	0	0	0
Depreciation ⓘ	14	16	17	20	20	20	18	19	17	20
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
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.)

Standalone Basis Consolidated Basis

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
Minority Interest	0	0	0	0	0	0	0	0	0	0
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
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
Gross Block	193	197	207	238	252	259	267	253	229	277
Accumulated Depreciation	92	105	115	130	148	168	173	166	153	167
Net Fixed Assetsⓘ	101	92	92	108	103	92	95	87	75	110
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.)

Standalone Basis Consolidated Basis

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

Standalone Basis Consolidated Basis

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

Swaraj Engines Ltd Stock News

Swaraj Engines Ltd FAQs

What is the share price of Swaraj Engines?

Company share prices are keep on changing according to the market conditions. The closing price of Swaraj Engines on 18-Jul-2025 16:59 is ₹4,350.1.

What is the market cap of Swaraj Engines?

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 18-Jul-2025 16:59 the market cap of Swaraj Engines stood at ₹5,284.2.

What is the P/E ratio of Swaraj Engines?

The latest P/E ratio of Swaraj Engines as of 18-Jul-2025 16:59 is 30.59.

What is the P/B ratio of Swaraj Engines?

The latest P/B ratio of Swaraj Engines as of 18-Jul-2025 16:59 is 11.27.

What is the 52-week high and low of Swaraj Engines?

The 52-week high of Swaraj Engines is ₹4,726 and the 52-week low is ₹2,530.

What is the TTM revenue of Swaraj Engines?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swaraj Engines is ₹1,748 ( 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.

SEBI Registered: Investment Adviser - INA000013323 RIA Details

Warning: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Disclaimer: Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provides any assurance of returns to investors.

Compliance Officer:

Name: Shrikant Jagtap

Email: shrikant.jagtap@moneyworks4me.com

Mobile No: +91 97638 00745

Grievance Officer:

Name: Mukta Vaze

Email: mukta.vaze@moneyworks4me.com

Mobile No:+91 98609 19463

Principal Officer:

Name: Atharva Bhide

Email: atharva.bhide@moneyworks4me.com

Mobile No:+91 91758 99463

SEBI regional/local office address-

Plot No. C 4-A , G Block, Near Bank of India, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051

Address:

The Alchemists Ark Pvt. Ltd., B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Data provided by Accord Fintech Pvt. Ltd.

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Particulars	Q2FY24 (Rs. Crs)	YoY Trend	Comments
Revenue	389	+1%	Q2 engine sales came in at 37,876 units, up by 2.9%
EBITDA	52.1	+3%
EBITDA Margin	13.39%	+ 30 bps
PAT	37.7	+5%

Particulars	Q1FY24	YoY Trend	Comments
Revenue	400	Flat	Revenues up by 11% QoQ
EBITDA	55.2	+1%
EBITDA Margin	13.8%	Flat
PAT	41	+3%

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
BASL Membership ID:	BASL1187
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, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Swaraj Engines Ltd - Stock Valuation and Financial Performance

Swaraj Engines Share Price

Swaraj Engines Ltd - Stock Valuation and Financial Performance

Swaraj Engines Share Price

DeciZen - make an informed investing decision on Swaraj Engines Share

1. Right Stock

2. Right Price

3. Right Time ⓘ

Overall Rating ⓘ

1. Quality

2. Valuation

3. Price Trend

Swaraj Engines stock performance -

Is Swaraj Engines Ltd an attractive stock to invest in?

1. Is Swaraj Engines Ltd a good quality company?

2. Is Swaraj Engines Ltd undervalued or overvalued?

3. Is Swaraj Engines Ltd a good buy now?

10 Year X-Ray of Swaraj Engines: Share

Analysis of Financial Track Record

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Recent Performance Summary

Latest Financials - Swaraj Engines Ltd.

Management X-Ray of Swaraj Engines: Share

Shareholding Pattern

Promoter's Holding & Share Pledging