Nifty

:

23810.85

Sensex

:

76917.85

370.05 (1.58%)
1225.07 (1.62%)

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Nifty
Sensex

:
:

23810.85
76917.85

370.05 (1.58%)
1225.07 (1.62%)

Swaraj Engines Ltd.

Diesel Engines

Rating :

66/99

BSE: 500407 | NSE: SWARAJENG

Watchlist

NSE BSE

3448.80

03-Nov-2026

Open
High
Low
Previous Close

3469.8
3485
3439.7
3437.10

Volume
Traded Value (lacs)
52 Week High
52 Week Low

4872
16847464.9
4394
3285.1

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

4,199.11
19.74
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

4,142.03
3.18%
8.91

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

11.66
12.01
12.25

EBITDA CAGR (%)

10 Years
5 Years
3 Years

10.07
11.78
7.69

PAT CAGR (%)

10 Years
5 Years
3 Years

11.05
12.39
12.50

P:E (Median)

8 Years
5 Years
3 Years

20.83
21.32
24.39

P:BV (Average)

8 Years
5 Years
3 Years

8.13
8.54
9.91

EV:EBITDA (Average)

8 Years
5 Years
3 Years

13.40
13.90
16.11

Earnings Forecasts:

(Updated: 31-10-2026)

Description 2026 2027 2028 2029
Adj EPS 161.6 171.56 186.66 197.9
P/E Ratio 21.34 20.10 18.48 17.43
Revenue 1998.48 2188.5 2327.7 2458.05
EBITDA 272.12 288.95 308.8 326.95
Net Income 196.31 208.35 226.75 240.35
ROA 27.06 38.83 37.65 34.9
P/B Ratio 8.57 6.55 5.85 5.26
ROE 43.23 37.12 33.97 32.15
FCFF 62.13 272.7 159.1 -
FCFF Yield 1.55 6.82 3.98 -
Net Debt -139.04 -342.8 -423.6 -503.4
BVPS 402.41 526.22 589.32 655.59

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Sep 26 Sep 25 Var% Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var%
Net Sales 635.19 504.04 26.02% 588.39 484.10 21.54% 545.79 454.16 20.18% 473.20 345.50 36.96%
Expenses 548.74 436.01 25.85% 511.63 417.00 22.69% 470.78 392.22 20.03% 411.22 301.21 36.52%
EBITDA 86.45 68.03 27.08% 76.76 67.10 14.40% 75.01 61.94 21.10% 61.98 44.29 39.94%
EBIDTM 13.61% 13.50% 13.05% 13.86% 13.74% 13.64% 13.10% 12.82%
Other Income 1.58 4.61 -65.73% 3.71 5.66 -34.45% 3.69 4.66 -20.82% 3.74 3.66 2.19%
Interest 0.10 0.10 0.00% 0.09 0.10 -10.00% 0.09 0.08 12.50% 0.10 0.10 0.00%
Depreciation 6.55 5.79 13.13% 5.74 5.49 4.55% 5.42 5.30 2.26% 5.75 5.03 14.31%
PBT 81.38 66.75 21.92% 74.64 67.17 11.12% 73.19 61.22 19.55% 56.47 42.82 31.88%
Tax 20.81 17.07 21.91% 19.11 17.20 11.10% 18.63 15.80 17.91% 14.37 10.87 32.20%
PAT 60.57 49.68 21.92% 55.53 49.97 11.13% 54.56 45.42 20.12% 42.10 31.95 31.77%
PATM 9.54% 9.86% 9.44% 10.32% 10.00% 10.00% 8.90% 9.25%
EPS 50.06 41.06 21.92% 45.89 41.30 11.11% 45.09 37.54 20.11% 34.79 26.40 31.78%

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Expenses 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBITDA 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PBT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Tax 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PAT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores

Right to Left

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 2,242.57 2,007.13 1,681.89 1,419.24 1,421.82 1,138.15 986.57 773.30 871.74 771.16 666.14 Net Sales Growth 25.44% 19.34% 18.51% -0.18% 24.92% 15.36% 27.58% -11.29% 13.04% 15.77% Cost Of Goods Sold 1,759.14 1,570.77 1,326.71 1,121.31 1,133.80 890.20 765.70 592.47 656.58 574.32 495.54 Gross Profit 483.43 436.36 355.18 297.93 288.02 247.95 220.88 180.83 215.17 196.83 170.61 GP Margin 21.56% 21.74% 21.12% 20.99% 20.26% 21.79% 22.39% 23.38% 24.68% 25.52% 25.61% Total Expenditure 1,942.37 1,735.99 1,455.43 1,232.07 1,236.27 982.77 850.94 672.91 740.09 649.57 562.30 Power & Fuel Cost - 9.58 7.88 6.82 6.57 5.43 5.46 4.52 5.05 5.57 5.23 % Of Sales - 0.48% 0.47% 0.48% 0.46% 0.48% 0.55% 0.58% 0.58% 0.72% 0.79% Employee Cost - 52.79 48.17 43.00 43.71 43.85 42.89 41.78 39.28 34.77 30.98 % Of Sales - 2.63% 2.86% 3.03% 3.07% 3.85% 4.35% 5.40% 4.51% 4.51% 4.65% Manufacturing Exp. - 37.97 30.86 27.11 25.09 22.30 19.90 19.90 22.45 19.75 17.23 % Of Sales - 1.89% 1.83% 1.91% 1.76% 1.96% 2.02% 2.57% 2.58% 2.56% 2.59% General & Admin Exp. - 37.43 26.56 21.95 16.45 12.75 9.54 7.91 8.84 8.14 7.31 % Of Sales - 1.86% 1.58% 1.55% 1.16% 1.12% 0.97% 1.02% 1.01% 1.06% 1.10% Selling & Distn. Exp. - 11.88 2.19 1.08 1.04 1.05 1.05 0.87 0.93 1.21 1.19 % Of Sales - 0.59% 0.13% 0.08% 0.07% 0.09% 0.11% 0.11% 0.11% 0.16% 0.18% Miscellaneous Exp. - 15.58 13.06 10.80 9.61 7.18 6.41 5.46 6.97 5.81 1.19 % Of Sales - 0.78% 0.78% 0.76% 0.68% 0.63% 0.65% 0.71% 0.80% 0.75% 0.73% EBITDA 300.20 271.14 226.46 187.17 185.55 155.38 135.63 100.39 131.65 121.59 103.84 EBITDA Margin 13.39% 13.51% 13.46% 13.19% 13.05% 13.65% 13.75% 12.98% 15.10% 15.77% 15.59% Other Income 12.72 18.68 17.26 15.35 12.81 9.66 8.62 12.83 15.38 18.96 17.91 Interest 0.38 0.39 0.33 0.25 0.08 0.08 0.00 0.01 0.09 1.01 0.02 Depreciation 23.46 22.45 20.34 17.31 18.54 18.10 19.77 20.13 19.54 16.82 16.28 PBT 285.68 266.98 223.05 184.97 179.74 146.86 124.48 93.07 127.40 122.71 105.46 Tax 72.92 67.26 57.06 47.10 46.13 37.39 31.94 22.03 44.98 42.62 36.63 Tax Rate 25.53% 25.52% 25.58% 25.46% 25.66% 25.46% 25.66% 23.67% 35.31% 34.73% 34.73% PAT 212.76 196.31 165.98 137.87 133.61 109.47 92.54 71.04 82.42 80.10 68.84 PAT before Minority Interest 212.76 196.31 165.98 137.87 133.61 109.47 92.54 71.04 82.42 80.10 68.84 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 9.49% 9.78% 9.87% 9.71% 9.40% 9.62% 9.38% 9.19% 9.45% 10.39% 10.33% PAT Growth 20.19% 18.27% 20.39% 3.19% 22.05% 18.29% 30.26% -13.81% 2.90% 16.36% EPS 175.83 162.24 137.17 113.94 110.42 90.47 76.48 58.71 68.12 66.20 56.89

Results Balance Sheet

Standalone Figures in Rs. Crores

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 488.92 419.20 368.57 342.21 305.68 280.57 235.89 237.98 228.50 283.37 Share Capital 12.15 12.15 12.15 12.15 12.14 12.14 12.13 12.13 12.13 12.42 Total Reserves 476.55 406.69 356.26 329.93 293.34 267.83 223.09 225.25 215.84 270.63 Non-Current Liabilities 5.91 5.54 5.30 6.28 6.15 6.27 8.88 11.14 9.35 9.16 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 9.34 7.32 7.05 6.68 6.07 5.69 4.29 3.98 3.56 2.88 Current Liabilities 279.12 244.23 180.31 186.36 149.57 171.53 110.26 117.16 109.65 79.63 Trade Payables 248.26 221.15 158.40 166.08 130.04 163.86 99.15 104.15 98.47 70.13 Other Current Liabilities 23.34 18.36 18.21 16.89 14.51 4.82 6.27 8.84 7.05 7.23 Short Term Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Short Term Provisions 7.51 4.72 3.70 3.40 5.03 2.86 4.84 4.17 4.14 2.27 Total Liabilities 773.95 668.97 554.18 534.85 461.40 458.37 355.03 366.28 347.50 372.16 Net Block 106.69 110.20 75.40 87.30 94.72 91.78 103.49 108.42 91.71 91.70 Gross Block 286.91 277.12 228.72 253.27 267.49 259.44 251.80 237.93 206.62 196.60 Accumulated Depreciation 180.22 166.93 153.32 165.97 172.77 167.66 148.32 129.50 114.91 104.89 Non Current Assets 199.74 190.58 133.09 146.16 133.42 99.01 112.21 119.77 108.79 95.93 Capital Work in Progress 54.81 4.77 37.76 2.09 1.61 1.35 4.02 3.34 5.96 0.38 Non Current Investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.24 0.24 0.00 Long Term Loans & Adv. 12.08 29.60 9.55 5.40 4.94 5.15 4.70 7.77 10.88 3.84 Other Non Current Assets 25.95 45.82 10.17 51.15 31.93 0.74 0.00 0.00 0.00 0.00 Current Assets 574.21 478.39 421.09 388.70 327.98 359.37 242.83 246.51 238.71 276.23 Current Investments 19.26 19.19 20.11 26.13 36.20 34.17 111.08 83.83 76.10 48.91 Inventories 74.81 78.35 70.80 69.61 62.07 61.71 37.01 47.44 31.92 26.08 Sundry Debtors 206.18 177.22 120.19 128.09 103.61 113.38 4.14 18.74 15.27 13.07 Cash & Bank 121.83 174.30 175.69 109.07 90.94 117.45 18.19 31.94 47.45 48.67 Other Current Assets 152.13 7.60 7.89 4.92 35.16 32.65 72.41 64.56 67.97 139.49 Short Term Loans & Adv. 142.03 21.73 26.41 50.89 32.94 30.45 70.25 61.77 63.46 133.11 Net Current Assets 295.09 234.16 240.77 202.34 178.41 187.83 132.57 129.35 129.06 196.60 Total Assets 773.95 668.97 554.18 534.86 461.40 458.38 355.04 366.28 347.50 372.16

Cash Flow

Standalone Figures in Rs. Crores

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 116.52 176.66 142.38 132.83 100.26 28.00 99.61 68.77 89.32 82.29 PBT 263.57 223.05 184.97 179.74 146.86 124.48 93.07 127.40 122.71 105.46 Adjustment 5.59 4.68 3.55 7.07 8.93 11.93 7.89 4.70 -1.07 -0.20 Changes in Working Capital -83.22 6.48 0.72 -5.91 -17.65 -72.49 23.36 -18.78 10.97 14.96 Cash after chg. in Working capital 185.95 234.21 189.23 180.91 138.15 63.92 124.32 113.32 132.61 120.22 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -69.43 -57.54 -46.85 -48.08 -37.90 -35.91 -24.71 -44.55 -43.29 -37.94 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity 22.09 -58.14 -29.56 -37.63 -48.43 56.27 -26.95 3.78 47.48 -31.89 Net Fixed Assets -59.83 -15.41 -11.12 13.74 -8.31 -4.97 -14.55 -28.69 -15.60 -3.40 Net Investments -0.07 0.92 6.02 10.07 -2.03 76.91 -27.01 -7.73 -27.43 -38.26 Others 81.99 -43.65 -24.46 -61.44 -38.09 -15.67 14.61 40.20 90.51 9.77 Cash from Financing Activity -127.91 -116.14 -112.27 -97.34 -83.84 -48.72 -73.13 -72.88 -135.74 -49.13 Net Cash Inflow / Outflow 10.70 2.38 0.55 -2.14 -32.02 35.55 -0.47 -0.33 1.06 1.27 Opening Cash & Equivalents 6.56 4.18 3.63 5.77 37.79 2.24 2.71 3.05 1.99 0.72 Closing Cash & Equivalent 17.26 6.56 4.18 3.63 5.77 37.79 2.24 2.71 3.05 1.99

Financial Ratios

Standalone

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 402.23 344.79 303.29 281.64 251.55 230.65 193.88 195.71 187.99 227.90 ROA 27.21% 27.14% 25.32% 26.82% 23.80% 22.75% 19.70% 23.09% 22.26% 19.42% ROE 43.26% 42.17% 38.81% 41.27% 37.40% 35.93% 30.06% 35.42% 31.35% 25.20% ROCE 58.13% 56.71% 52.12% 55.51% 50.13% 48.21% 39.29% 54.66% 48.34% 38.58% Fixed Asset Turnover 7.12 6.65 5.89 5.46 4.32 3.86 3.17 3.91 3.95 3.85 Receivable days 34.86 32.27 31.93 29.74 34.79 21.74 5.40 7.12 6.50 5.01 Inventory Days 13.93 16.18 18.05 16.90 19.85 18.26 19.93 16.61 13.31 13.11 Payable days 54.54 52.21 52.81 47.66 60.25 62.69 55.30 49.08 46.97 40.18 Cash Conversion Cycle -5.75 -3.75 -2.83 -1.02 -5.61 -22.69 -29.97 -25.34 -27.16 -22.06 Total Debt/Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Interest Cover 670.47 676.69 749.55 2366.06 1923.29 0.00 6555.40 1402.52 122.38 6849.13

Top Investors:

dsp small cap fund

parag parikh conservative hybrid fund

vikram chinubhai shah

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vikram advisory services private limited

investor education and protection fund (iepf)

Annual Reports:

News Update:

Swaraj Engines - Quarterly Results
13th Oct 2026, 00:00 AM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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