Swaraj Engines Ltd

Swaraj Engines Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Swaraj Engines Ltd

₹ 4,209 -0.01%
24 Apr - close price
swarajenterprise.com BSE: 500407 NSE: SWARAJENG
About

Swaraj Engines was established in 1989 it manufactures diesel engines specifically for tractors in the range of 22 HP to above 65 HP and hi-tech engine components. [1] [2]
[3]

Key Points

Company History
Incorporated in 1985, Swaraj Engines was jointly promoted by Punjab Tractors and Kirloskar Oil Engines Ltd. Kirloskar provides know-how, design, documentation, process details, and tooling designs for manufacturing diesel engines for 'SWARAJ' tractors by Punjab Tractors Ltd. Mahindra & Mahindra acquired a majority stake in Punjab Tractors in 2007 and merged the Swaraj brand with its Farm Division.[1] [2]

Website BSE NSE
  • Market Cap ₹ 5,112 Cr.
  • Current Price ₹ 4,209
  • High / Low ₹ 4,479 / 2,275
  • Stock P/E 30.8
  • Book Value ₹ 345
  • Dividend Yield 2.26 %
  • ROCE 56.6 %
  • ROE 42.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 40.6%
  • Company has been maintaining a healthy dividend payout of 81.3%

Cons

  • Stock is trading at 12.2 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engines

Part of BSE Allcap BSE Industrials BSE SmallCap

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
242 398 385 279 360 400 389 280 351 418 464 346 454
211 344 334 246 312 345 337 247 303 360 401 301 392
Operating Profit 31 55 51 33 48 55 52 33 48 58 63 44 62
OPM % 13% 14% 13% 12% 13% 14% 13% 12% 14% 14% 14% 13% 14%
2 3 2 3 4 5 3 3 3 4 4 4 5
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 4 5 5 5 5 5 5 4 4 5 6 5 5
Profit before tax 29 53 48 31 47 55 51 32 47 58 61 43 61
Tax % 25% 26% 26% 26% 26% 26% 26% 25% 25% 26% 26% 25% 26%
22 40 36 23 35 41 38 24 35 43 45 32 45
EPS in Rs 18.00 32.56 29.54 19.13 28.78 33.69 31.01 19.84 28.96 35.56 37.39 26.30 37.39
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Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
608 540 526 666 771 872 773 987 1,138 1,422 1,419 1,682
518 465 452 562 650 740 673 851 983 1,235 1,231 1,455
Operating Profit 91 75 74 105 122 132 100 136 155 186 188 227
OPM % 15% 14% 14% 16% 16% 15% 13% 14% 14% 13% 13% 14%
16 16 16 17 19 15 13 9 10 12 14 16
Interest 0 0 0 0 1 0 0 0 0 0 0 0
Depreciation 9 13 14 16 17 20 20 20 18 19 17 20
Profit before tax 98 78 76 105 123 127 93 124 147 180 185 223
Tax % 32% 33% 33% 35% 35% 35% 24% 26% 25% 26% 25% 26%
67 52 51 69 80 82 71 93 109 134 138 166
EPS in Rs 53.95 41.74 41.31 55.43 66.05 67.95 58.55 76.24 90.14 110.00 113.50 136.64
Dividend Payout % 65% 79% 80% 78% 76% 74% 68% 91% 89% 84% 84% 76%
Compounded Sales Growth
10 Years: 12%
5 Years: 17%
3 Years: 14%
TTM: 19%
Compounded Profit Growth
10 Years: 12%
5 Years: 19%
3 Years: 15%
TTM: 21%
Stock Price CAGR
10 Years: 18%
5 Years: 35%
3 Years: 44%
1 Year: 70%
Return on Equity
10 Years: 34%
5 Years: 39%
3 Years: 41%
Last Year: 42%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 197 200 251 271 216 226 224 268 294 330 356 407
0 0 0 0 0 0 0 0 0 1 1 1
124 113 73 89 119 128 119 178 156 193 187 252
Total Liabilities 334 325 337 372 348 366 355 458 461 536 557 672
84 84 101 91 92 110 103 92 95 88 76 110
CWIP 2 5 0 1 6 2 4 1 2 2 38 5
Investments 72 42 11 49 76 84 111 34 36 26 20 19
176 195 224 231 173 170 136 331 329 420 423 538
Total Assets 334 325 337 372 348 366 355 458 461 536 557 672

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
67 56 63 82 89 69 100 28 100 133 142 177
-16 -11 -14 -32 47 4 -27 56 -48 -38 -30 -58
-48 -51 -49 -49 -136 -73 -73 -49 -84 -97 -112 -116
Net Cash Flow 3 -6 0 1 1 -0 -0 36 -32 -2 1 2

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 5 5 5 7 7 8 2 42 33 33 31 38
Inventory Days 37 30 26 19 20 26 23 29 25 22 23 22
Days Payable 47 43 50 52 63 58 61 78 53 53 52 61
Cash Conversion Cycle -5 -9 -19 -25 -35 -24 -36 -7 5 2 2 -1
Working Capital Days -29 -38 34 54 3 6 2 13 16 17 12 13
ROCE % 48% 37% 32% 39% 47% 55% 39% 48% 50% 55% 52% 57%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
52.13% 52.13% 52.13% 52.13% 52.12% 52.12% 52.12% 52.12% 52.12% 52.12% 52.12% 52.12%
1.90% 1.91% 1.73% 1.75% 2.50% 2.60% 2.71% 2.55% 2.86% 3.23% 3.35% 3.47%
8.91% 9.05% 8.91% 9.16% 8.47% 8.51% 9.02% 9.54% 8.84% 8.89% 9.77% 9.89%
37.06% 36.89% 37.22% 36.96% 36.90% 36.76% 36.16% 35.79% 36.18% 35.76% 34.77% 34.51%
No. of Shareholders 29,27428,74128,35927,46927,48728,03026,97627,14629,24130,20731,73631,903

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

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