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

Swaraj Engines Ltd share price has appreciated 13% annually (CAGR) over the past ten years.

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 24-Jun-2026 16:59:59 at 16:59 is 3944.80.

What is the P/E ratio of Swaraj Engines?

The latest standalone P/E ratio of Swaraj Engines as of 24-Jun-2026 is 24.42.

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

The latest standalone P/B ratio of Swaraj Engines Ltd (SWARAJENG) as of 24-Jun-2026 is 9.81.

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 BSE: 500407 NSE: SWARAJENG Diesel Engines | Small Cap | Swaraj Engines Share Price

Swaraj Engines Ltd (SWARAJENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500407 NSE: SWARAJENG Diesel Engines | Small Cap | Swaraj Engines Share Price

Key Metrics

Valuation Multiples

Market Cap

₹4,793 Cr.

Current Price

₹3,944.8

52-Week Low / High

₹3,300 / 4,726

TTM EPS

₹161.6

TTM Sales

₹2,007 Cr.

Book Value per Share

₹402.2

P/E Ratio

24.42

Higher than its 5-year historical median

Industry PE

60.1

Price to Book (P/B)

9.81

Higher than its 5-year historical median

Price to Sales (P/S)

2.39

Higher than its 5-year historical median

EV/EBITDA

16.12

Higher than its 5-year historical median

Dividend Yield

2.79%

Profitability Efficiency

Return on Equity (ROE)

43.26%

Outperforms industry median

Return on Capital Employed (ROCE)

58.13%

Outperforms industry median

Return on Assets (ROA)

27.21%

Operating Profit Margin

13.6%

Net Profit Margin

9.78%

Gross Profit Margin

14.4%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

19.34%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

19.73%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

18.27%

Asset Quality

Promoter Holding

52.11%

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

0.00%

Reserves

₹477 Cr.

Equity

₹12.2 Cr.

Face Value

₹10

All Time Low / High

₹25.00 / 4725.95

Swaraj Engines stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is Swaraj Engines Ltd a good quality company?

Swaraj Engines Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Swaraj Engines Ltd performance compare with that of its Peers?

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 12.83%, indicating faster growth and gaining its market share.

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

Promoters hold 52.11% of the Swaraj Engines Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

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 12.8% based on the current price.

DeciZen - make an informed investing decision on Swaraj Engines

Standalone basis

1. Right Stock

2. Right Price

Price Chart

3. Right Time ⓘ

#Likely Future 5 Year CAGR.

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)

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

Value Creation ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
ROCE % ⓘ	38.6%	48.3%	54.7%	39.3%	48.2%	50.1%	55.5%	52.1%	56.7%	58.1%	-
Value Creation Index ⓘ	1.8	2.5	2.9	1.8	2.4	2.6	3.0	2.7	3.1	3.2	-
Growth Parameters ⓘ
Sales ⓘ	666	771	872	773	987	1,138	1,422	1,419	1,682	2,007	2,007
Sales YoY Gr.	-	15.8%	13%	-11.3%	27.6%	15.4%	24.9%	-0.2%	18.5%	19.3%	-
Adj EPS ⓘ	55.4	66	67.8	58.6	75.8	89.3	109.7	112.9	136	162.9	161.6
YoY Gr.	-	19.2%	2.8%	-13.7%	29.5%	17.7%	22.8%	3%	20.5%	19.8%	-
BVPS (₹) ⓘ	227.9	188	195.7	193.9	230.7	251.6	281.6	303.3	344.8	402.2	402.2
Adj Net Profit ⓘ	68.7	80	82.3	71.1	92.1	108	133	137	165	198	196
Cash Flow from Ops. ⓘ	82.3	89.3	68.8	99.6	28	100	133	142	177	117	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13%	15.3%	12.2%	19.3%
Adj EPS ⓘ	12.7%	16.5%	14.1%	19.8%
BVPSⓘ	6.5%	11.8%	12.6%	16.7%
Share Price	13%	17.2%	24.2%	-4.8%

Key Financial Parameters ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
Return on Equity % ⓘ	25.1	31.3	35.3	30	35.7	37	41.1	38.6	42	43.6	40.2
Op. Profit Mgn % ⓘ	15.6	15.8	15.1	13	13.8	13.7	13.1	13.3	13.5	13.6	13.6
Net Profit Mgn % ⓘ	10.3	10.4	9.4	9.2	9.3	9.5	9.4	9.7	9.8	9.9	9.8
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	73	71	55	61	61	72	70	71	66	76	46
Cash Conv. Cycle ⓘ	-22	-27	-25	-30	-16	0	3	1	-0	-1	23

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Sales	666	771	872	773	987	1,138	1,422	1,419	1,682	2,007
Operating Expenses ⓘ +	562	650	740	673	851	983	1,236	1,232	1,455	1,736
Manufacturing Costs	22	25	27	24	25	28	32	34	39	48
Material Costs	496	574	657	592	766	890	1,134	1,121	1,327	1,571
Employee Cost	31	35	39	42	43	44	44	43	48	53
Other Costs ⓘ	13	15	17	14	17	21	27	34	42	65
Operating Profit ⓘ	104	122	132	100	136	155	186	187	226	271
Operating Profit Margin (%)	15.6%	15.8%	15.1%	13.0%	13.7%	13.7%	13.1%	13.2%	13.5%	13.5%
Other Income ⓘ +	18	19	15	13	9	10	13	15	17	19
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	-3
Interest ⓘ	0	1	0	0	0	0	0	0	0	0
Depreciation ⓘ	16	17	20	20	20	18	19	17	20	22
Profit Before Tax ⓘ	105	123	127	93	124	147	180	185	223	264
Tax ⓘ	37	43	45	22	32	37	46	47	57	67
Profit After Tax	69	80	82	71	93	109	134	138	166	196
PAT Margin (%)	10.3%	10.4%	9.5%	9.2%	9.4%	9.6%	9.4%	9.7%	9.9%	9.8%
Adjusted EPS (₹)	55.4	66.1	68.0	58.6	76.2	90.2	110.0	113.5	136.6	161.6
Dividend Payout Ratio (%)	77.60%	75.70%	73.60%	68.30%	90.50%	88.70%	83.60%	83.70%	76.50%	68.10%

Valuation of Swaraj Engines - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Equity and Liabilities
Shareholders Fund +	283	228	237	235	280	305	342	368	419	489
Share Capital ⓘ	12	12	12	12	12	12	12	12	12	12
Reserves ⓘ	271	216	225	223	268	293	330	356	407	477
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	70	98	104	99	164	130	166	158	221	248
Others Liabilities ⓘ	19	21	25	21	15	26	27	27	29	37
Total Liabilities ⓘ	372	347	366	355	458	461	535	554	669	774
Fixed Assets
Net Fixed Assets ⓘ +	92	92	108	103	92	95	87	75	110	107
Gross Block	197	207	238	252	259	267	253	229	277	287
Accumulated Depreciation	105	115	130	148	168	173	166	153	167	180
CWIP ⓘ	0	6	3	4	1	2	2	38	5	55
Investments ⓘ	49	76	84	111	34	36	26	20	19	19
Inventories	26	32	47	37	62	62	70	71	78	75
Trade Receivables	13	15	19	4	113	104	128	120	177	206
Cash Equivalents ⓘ	49	47	32	18	117	91	109	176	174	122
Others Assets ⓘ	143	79	72	77	39	72	113	54	105	190
Total Assets ⓘ	372	347	366	355	458	461	535	554	669	774

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Cash Flow From Operating Activity ⓘ +	82	89	69	100	28	100	133	142	177	117
PBT ⓘ	105	123	127	93	124	147	180	185	223	264
Adjustment ⓘ	-0	-1	5	8	12	9	7	4	5	6
Changes in Working Capital ⓘ	15	11	-19	23	-72	-18	-6	1	6	-83
Tax Paid ⓘ	-38	-43	-45	-25	-36	-38	-48	-47	-58	-69
Cash Flow From Investing Activity ⓘ +	-32	47	4	-27	56	-48	-38	-30	-58	22
Capex	-6	-22	-33	-16	-5	-18	-11	-46	-24	-69
Net Investments	-42	74	48	-8	54	-50	-32	33	-84	96
Others ⓘ	17	-4	-11	-3	8	20	5	-17	50	-5
Cash Flow From Financing Activity ⓘ +	-49	-136	-73	-73	-49	-84	-97	-112	-116	-128
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	-1	-0	-0	-0	-0	-0	-0	-0	-0
Dividend Paid ⓘ	-49	-64	-73	-73	-49	-84	-97	-112	-115	-127
Others ⓘ	0	-71	0	0	0	0	-0	-0	-1	-1
Net Cash Flow ⓘ	1	1	-0	-0	36	-32	-2	1	2	11

Financial Ratio

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Ratios
ROE (%)	25.2	31.35	35.42	30.06	35.93	37.4	41.27	38.81	42.17	43.26
ROCE (%)	38.58	48.34	54.66	39.29	48.21	50.13	55.51	52.12	56.71	58.13
Asset Turnover Ratio	2.11	2.21	2.44	2.14	2.43	2.47	2.85	2.61	2.75	2.78
PAT to CFO Conversion(x)	1.19	1.11	0.84	1.41	0.3	0.92	0.99	1.03	1.07	0.6
Working Capital Days
Receivable Days	5	6.50	7.10	5.40	21.70	34.80	29.70	31.90	32.30	34.90
Inventory Days	13.10	13.30	16.60	19.90	18.30	19.90	16.90	18.10	16.20	13.90
Payable Days	45.70	53.60	56.30	62.60	62.70	60.30	47.70	52.80	52.20	54.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Swaraj Engines Ltd FAQs

The current trading price of Swaraj Engines on 24-Jun-2026 16:59 is ₹3,944.8.

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 23-Jun-2026 the market cap of Swaraj Engines stood at ₹4,792.9 Cr

The latest P/E ratio of Swaraj Engines as of 23-Jun-2026 is 24.42.

The latest P/B ratio of Swaraj Engines as of 23-Jun-2026 is 9.81.

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.) .

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

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.

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.

About Swaraj Engines Ltd

Swaraj Engines (SEL) was set up in 1985 in Mohali, Punjab and is primarily engaged in the business of supplying engines to the Swaraj Division of Mahindra & Mahindra (M&M). SEL is into manufacturing and supplying of diesel Engines in the range of 22 HP to above 65 HP. The company is equipped with highly productive & precise quality analyzing machines. It is also manufacturing hi-tech engine components.

Business area of the company

The company is primarily engaged in the business of diesel engines, diesel engine components and spare parts.

Products

Engines
Components

Milestones

1985: Year of incorporation
1989: First engine rolled out with 6 models. Operational profitability in maiden year.
1990: Launch of 3 Cylinder Engine RV-3 & Connecting Rod.
1991: Launch of RB series of engine RB-33
1998: Introduction of Block
2000: Launch of RB series of engine RB-30 & introduction of cylinder head.
2007: Became part of M&M Group
2009: ISO 9001 certification
2010: OHSAS 18001 Certification.
2010: Launch of single cylinder engine S-15 and AVL series.
2011: Launch of XM series of engine.
2012: ISO 50001 certification
2012: ISO 14001 CERTIFICATION
2012: TPM kick off.
2014: Launch of RV3 XT-38 HP & RV2-NT
2015: Launch of 54 HP engine.
2016: TPM Health Checkup
2017: Supplied 82,297 units of engine
2018: The company's sales volume for the year stood at 92,022 units
2019: The company's sales volume for the year stood at 99,638 units
2021: The company's engines supply during fiscal 2021 stood at 1,13,269 units
2022: The company's engines supply during fiscal 2022 stood at 1,16,811 units
2023: Engines supply during fiscal 2023 stood at 1,37,005 units
2024: The company's engines supply during fiscal 2024 stood at 1,38,761 units

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Swaraj Engines Ltd (SWARAJENG)

Swaraj Engines Ltd (SWARAJENG)

Swaraj Engines stock performance

Check Before You Invest

Quality

Valuation

Price Trend

DeciZen - make an informed investing decision on Swaraj Engines

1. Right Stock

2. Right Price

3. Right Time ⓘ

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 ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Swaraj Engines - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Swaraj Engines Ltd FAQs

What is the share price of Swaraj Engines?

What is the market cap of Swaraj Engines?

What is the P/E ratio of Swaraj Engines?

What is the P/B ratio of Swaraj Engines?

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

What is the TTM revenue of Swaraj Engines?

Is Swaraj Engines Ltd a good quality company?

Is Swaraj Engines Ltd undervalued or overvalued?

Is Swaraj Engines Ltd a good buy now?

About Swaraj Engines Ltd

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