1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Auto - Parts
Swaraj Engines Limited

Swaraj Engines Limited

SWARAJENG.NS
Swaraj Engines LimitedIN flagNational Stock Exchange of India
3,760.10
INR
-37.70
- -
45.68BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
489.76
434.54
423.44
533.69
618.65
715.5
635.23
810.44
933.11
1,164.68
1,163.05
1,384.59
- -
1,438.98
Basic EPS, GAAP
53.95
41.74
41.31
55.42
64.62
67.96
58.57
76.27
90.17
110.02
113.5
136.64
- -
142.22
Free Cash Flow per Basic Share
44.51
31.37
28.78
61.05
53.21
28.66
69.12
18.45
66.74
98.77
77.87
125.3
- -
- -
Dividend per Share
38.47
40.68
39.58
39.54
51.62
60.02
60.28
40.16
69
80
92
95
- -
- -
Book Value per Share
10
10
83.23
99.03
111.74
121.91
120.18
156.42
177.51
207.48
228.94
270.58
- -
- -
Tangible Book Value per Share
168.89
210.46
211.92
227.73
182.82
195.08
193.7
230.83
251.73
281.7
303.35
345.07
- -
- -
Basic Weighted Avg Shares
12
12
12
12
12
12
12
12
12
12
12
12
- -
12
Sales/Revenue/Turnover
6,083
5,397
5,259
6,628
7,669
8,677
7,706
9,834
11,329
14,145
14,127
16,819
20,071
17,480
Operating Margin (%)
13.41
11.41
11.4
13.32
13.66
12.92
10.42
11.78
12.12
11.87
12.09
12.31
12.44
12.29
Depreciation Expense
91
132
138
163
168
195
201
198
181
185
173
203
224
213
Net Income, GAAP
670
518
513
688
801
824
710
925
1,095
1,336
1,379
1,660
1,963
1,728
Effective Tax Rate (%)
31.5
33.38
32.67
34.73
34.73
35.3
23.67
25.66
25.46
25.67
25.46
25.59
25.52
25.6
Profit Margin (%)
11.02
9.61
9.76
10.39
10.44
9.5
9.22
9.41
9.66
9.45
9.76
9.87
9.78
9.88
Working Capital
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
- -
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
9
9
14
14
- -
Total Equity
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
- -
Return on Invested Capital (%)
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 Capital (%)
539.56
417.46
88.67
60.82
61.76
57.6
48.4
55.16
54.05
57.04
51.85
54.5
114.02
1,185.86
Return on Common Equity (%)
539.49
417.41
88.63
60.82
61.26
57.56
48.39
55.15
54.02
57.16
52.02
54.71
115.2
- -

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
35,866
47,368
47,966

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
14.96%
15.67%
19.34%
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
16,819
2026
4,841
4,732
5,458
- -
20,071

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
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
92
2025
- -
- -
- -
- -
95
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Devjit Sarkar
Full Time Employees
297
Sector
Consumer Cyclical
Industry
Auto - Parts
Address
Phase-IV, Industrial Area Mohali India 160055
IPO Date
Jul 1, 2002
Website
swarajenterprise.com
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Business
Swaraj Engines Limited manufactures and supplies diesel engines primarily for fitment into Swaraj tractors produced by the Swaraj Division of Mahindra & Mahindra Ltd.; the company produces engines in the power range of 22 HP to above 65 HP along with hi-tech engine components such as cylinder blocks, heads, crankshafts, and pistons; it also supplies tractor spare parts and operates advanced manufacturing facilities equipped with high-tech machinery, ergonomic material handling systems, and quality analysis tools. Swaraj Engines Limited, founded in 1985 and headquartered in Phase IV Industrial Area, S.A.S. Nagar (Mohali), Punjab, India, focuses exclusively on the agricultural machinery sector, serving tractor manufacturers with engines optimized for reliability, fuel efficiency, and performance in Indian farming conditions; its operations remain concentrated in India with a production capacity recently expanded and further planned through internal accruals. In recent developments, the company announced in January 2025 plans to increase annual engine production capacity from 195,000 to 240,000 units with an investment of approximately Rs 220 crore to meet rising demand and modernize technology; it reported record-breaking H1 FY26 performance with engine sales exceeding 100,000 units for the first time, net operating revenue up 12% to Rs 988.14 crore, and profit after tax rising 12.5% to Rs 99.65 crore; leadership changes include the resignation of Rajesh Jejurikar as Chairman effective October 16, 2025, the appointment of Rajya Vardhan Kanoria as new Chairman from October 17, 2025, and the addition of Gaganjot Singh as Additional Director; the company declared its highest-ever dividend of Rs 104.50 per share for FY25.