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  2. •

    Consumer Cyclical

  3. •

    Auto - Parts
Swaraj Engines Limited

Swaraj Engines Limited

SWARAJENG.BO
Swaraj Engines LimitedIN flagBombay Stock Exchange
3,745.80
INR
-27.30
- -
45.51BMarket Cap
Swaraj Engines Limited
SWARAJENG.BO
(Bombay Stock Exchange)

Recent

price

3,745.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
290.69
361.17
385.72
489.76
434.54
423.44
533.69
618.65
715.5
635.23
810.44
933.11
1,164.68
1,163.05
1,378.05
1,645.13
1,438.98
Revenue per Share
35.36
42.53
44.61
53.95
41.74
41.31
55.42
64.62
67.96
58.57
76.27
90.17
110.02
113.5
136.64
161.6
142.22
Basic EPS, GAAP
18.79
15.2
6.13
44.51
31.37
28.78
61.05
53.21
28.66
69.12
18.45
66.74
98.77
77.87
125.3
38.47
- -
Free Cash Flow per Basic Share
9.31
11.57
15.06
38.47
40.68
39.58
39.54
51.62
60.02
60.28
40.16
69
80
92
95
104.5
- -
Dividend per Share
10
10
10
10
10
83.23
99.03
111.74
121.91
120.18
156.42
177.51
207.48
228.94
270.58
327.67
- -
Book Value per Share
122.52
149.96
155.94
168.89
210.46
211.92
227.73
182.82
195.08
193.7
230.83
251.73
281.7
303.35
345.06
402.47
- -
Tangible Book Value per Share
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
Basic Weighted Avg Shares
3,610
4,486
4,790
6,083
5,397
5,259
6,628
7,669
8,677
7,706
9,834
11,329
14,145
14,127
16,740
19,985
17,480
Sales/Revenue/Turnover
17.84
14.52
13.44
13.41
11.41
11.4
13.32
13.66
12.92
10.42
11.78
12.12
11.87
12.09
12.36
12.49
12.29
Operating Margin (%)
45
43
72
91
132
138
163
168
195
201
198
181
185
173
203
225
213
Depreciation Expense
439
528
554
670
518
513
688
801
824
710
925
1,095
1,336
1,379
1,660
1,963
1,728
Net Income, GAAP
31.76
31.64
30.31
31.5
33.38
32.67
34.73
34.73
35.3
23.67
25.66
25.46
25.67
25.46
25.58
25.52
25.6
Effective Tax Rate (%)
12.16
11.78
11.57
11.02
9.61
9.76
10.39
10.44
9.5
9.22
9.41
9.66
9.45
9.76
9.92
9.82
9.88
Profit Margin (%)
1,252
1,200
1,141
1,290
1,754
1,673
1,966
1,291
1,293
1,326
1,878
1,784
2,023
2,408
2,342
2,951
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
9
9
14
14
- -
LT Debt
1,522
1,863
1,937
2,099
2,615
2,634
2,834
2,285
2,380
2,359
2,806
3,057
3,422
3,686
4,192
4,889
- -
Total Equity
31.96
26.31
23.61
27.69
17.41
15.38
21.07
26.72
31.1
25.87
33.36
34.91
38.45
35.71
38.94
40.77
- -
Return on Invested Capital (%)
353.77
425.74
446.92
539.56
417.46
88.67
60.82
61.76
57.6
48.4
55.16
54.05
57.04
51.85
54.5
53.81
1,185.86
Return on Capital (%)
353.56
425.32
446.07
539.49
417.41
88.63
60.82
61.26
57.56
48.39
55.15
54.02
57.16
52.02
54.71
54.03
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
6
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
14
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
12
- -
Market Capitalization
35,924
47,279
47,973

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
4,784
- -
Cash, Cash Equivalents & STI
- -
1,871
- -
Accounts Receivable, Net
- -
1,772
- -
Inventories
- -
784
- -
Total Current Liabilities
- -
2,442
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
6
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.94%
11.79%
16.63%
Free Cash Flow
40.02%
56.09%
-69.3%
Net Income, GAAP
15.21%
16.44%
18.27%
Sales/Revenue/Turnover
14.91%
15.56%
19.39%
Total Cash Common Dividend
12.72%
23.24%
10%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,998
3,889
2,796
3,445
14,127
2025
4,180
4,642
3,455
4,542
16,740
2026
4,841
4,732
5,458
- -
19,985

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
33.69
31.01
19.84
- -
113.5
2025
35.56
37.39
26.3
37.39
136.64
2026
41.14
34.66
44.91
- -
161.6

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
92
2025
- -
- -
- -
- -
95
2026
- -
- -
- -
- -
104.5
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Business
Swaraj Engines Limited specializes in the production and distribution of diesel engines, associated components, and replacement parts, primarily serving the tractor segment across India. The company, established in 1985, is headquartered in Mohali, India, and supplies diesel engines ranging from 20 HP to over 65 HP for Swaraj brand tractors. Additionally, it manufactures high-tech engine components. Mahindra & Mahindra Limited holds a majority stake, making Swaraj Engines a direct subsidiary.