



Capital Goods | Small Cap
Swaraj Engines Ltd. demonstrates exceptional financial health, underpinned by a perfect solvency position as it operates completely without debt. The company exhibits outstanding profitability, efficiently generating high returns from its assets and capital. It is also on a remarkable growth trajectory, with sales, profits, and earnings all expanding at a strong and consistent pace. The company's day-to-day operations are highly efficient, particularly in managing inventory and generating sales from its physical assets. A key area of weakness is its dividend coverage; the company pays out a very high proportion of its earnings to shareholders, leaving a small buffer for reinvestment or unforeseen challenges. This could affect the sustainability of future dividend payments. Overall, the company's debt-free status and superior profitability provide a robust foundation for a positive future outlook, with the primary challenge being the balance between shareholder payouts and internal investment.
Swaraj Engines Ltd. demonstrates exceptional financial health, underpinned by a perfect solvency position as it operates completely without debt. The company exhibits outstanding profitability, efficiently generating high returns from its assets and capital. It is also on a remarkable growth trajectory, with sales, profits, and earnings all expanding at a strong and consistent pace. The company's day-to-day operations are highly efficient, particularly in managing inventory and generating sales from its physical assets. A key area of weakness is its dividend coverage; the company pays out a very high proportion of its earnings to shareholders, leaving a small buffer for reinvestment or unforeseen challenges. This could affect the sustainability of future dividend payments. Overall, the company's debt-free status and superior profitability provide a robust foundation for a positive future outlook, with the primary challenge being the balance between shareholder payouts and internal investment.
Overall Valuation Score
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P/E RATIO (TTM)
21.90
Industry Median
29.13
Small Cap Median
28.47
P/E RATIO
21.90
P/B RATIO
8.80
Industry Median
3.32
Small Cap Median
3.16
P/S RATIO
2.15
Industry Median
1.69
Small Cap Median
1.59
Others
PEG RATIO
0.00
EV/EBITDA RATIO
14.67
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹3537.7 as on Sep 1, 2026.
The company is experiencing exceptional growth across all key areas. Revenue, profits, and earnings per share have all shown very strong and consistent increases over the analysis period. The company is also expanding its asset base effectively to support this expansion. This indicates robust market demand for its products and successful business strategies. This all-around excellent growth trajectory signals a very positive outlook for the company's future performance and market position, highlighting it as a dynamic and expanding enterprise.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 15.3 | 24.96 | -0.21 | 18.53 | 19.32 |
| Operating Profit Growth Rate | 13.97 | 20 | 1.08 | 20.74 | 19.82 |
| Earnings Per Share (EPS) Growth | 18.23 | 22.03 | 3.18 | 20.39 | 18.25 |
| Asset Growth Rate | 0.66 | 16.27 | 3.92 | 20.65 | 15.92 |
| Net Income Growth Rate | 17.2 | 22.94 | 2.99 | 20.29 | 18.07 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | SHARDAMOTR | 9.08 | 14.70 | Undervalued | 419.00 | 59.50 | 345.00 |
| 2 | NDRAUTO | 8.74 | 27.74 | Overvalued | 91.00 | 22.30 | 62.00 |
| 3 | LGBBROSLTD | 8.69 | 17.04 | Neutral | 484.00 | 96.05 | 319.00 |
| 4 | SWARAJENG | 8.61 | 21.90 | Neutral | 272.00 | 161.57 | 196.00 |
| 5 | FIEMIND | 8.58 | 21.48 | Neutral | 396.00 | 96.46 | 256.00 |
| 6 | SUBROS | 8.41 | 28.22 | Neutral | 324.00 | 25.41 | 166.00 |
| 7 | AUTOAXLES | 8.41 | 15.55 | Undervalued | 237.00 | 108.77 | 164.00 |
| 8 | SJS | 8.25 | 46.13 | Neutral | 270.00 | 41.23 | 172.00 |
| 9 | JTEKTINDIA | 8.11 | 41.22 | Overvalued | 183.00 | 2.77 | 90.00 |
| 10 | SHANTIGEAR | 8.02 | 53.12 | Highly Overvalued | 104.00 | 9.99 | 77.00 |
| 11 | RML | 7.99 | 28.73 | Neutral | 340.00 | 40.32 | 107.00 |
| 12 | RAJRATAN | 7.93 | 35.97 | Overvalued | 140.00 | 8.82 | 70.00 |
| 13 | WHEELS | 7.87 | 24.30 | Neutral | 413.00 | 56.71 | 158.00 |
| 14 | FMGOETZE | 7.77 | 20.37 | Neutral | 303.00 | 30.36 | 178.00 |
| 15 | SANDHAR | 7.69 | 19.79 | Neutral | 438.00 | 29.76 | 199.00 |
| 16 | SUPRAJIT | 7.11 | 38.02 | Overvalued | 397.00 | 20.03 | 183.00 |
| 17 | ROLEXRINGS | 6.82 | 34.49 | Neutral | 230.00 | 5.18 | 141.00 |
| 18 | LUMAXIND | 6.67 | 34.81 | Neutral | 405.00 | 156.72 | 172.00 |
| 19 | SSWL | 6.47 | 29.52 | Undervalued | 510.00 | 12.86 | 190.00 |
| 20 | INDNIPPON | 6.42 | 21.82 | Neutral | 119.00 | 49.18 | 111.00 |
| 21 | GREAVESCOT | 6.39 | 43.00 | Overvalued | 239.00 | 8.59 | 35.00 |
| 22 | JAMNAAUTO | 5.91 | 20.91 | Neutral | 396.00 | 6.23 | 231.00 |
| 23 | SUNCLAY | 4.89 | 11.33 | Undervalued | 106.00 | 250.49 | 252.00 |
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Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Hour Timeframe
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Quarterly Report⬤13th Apr 26
Audited Financial Results – Q4 & FY Ended 31 March 2026
UNDEFINED SENTIMENT
No Stock News Available at This Moment.
Swaraj Engines Ltd. (SEL) manufactures diesel engines and engine components primarily for Swaraj tractors, a division of Mahindra & Mahindra Ltd. It operates as a dedicated, captive supplier, playing a crucial role in the agricultural machinery sector by ensuring a steady supply of power units for tractors, thereby supporting India's farming industry.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Swaraj Engines Ltd's P/E ratio (TTM) is 21.90, compared to the industry median of 29.13 and large cap median of 28.47.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Swaraj Engines Ltd's P/B ratio is 8.80, compared to the industry median of 3.32 and large cap median of 3.16.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Swaraj Engines Ltd's P/S ratio is 2.15, compared to the industry median of 1.69 and large cap median of 1.59.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Swaraj Engines Ltd's PEG ratio is 1.65.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Swaraj Engines Ltd's EV/EBITDA ratio is 14.67.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Swaraj Engines Ltd's ROE is 40.08%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Swaraj Engines Ltd's ROA is 34.92%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Swaraj Engines Ltd's ROCE is 59%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Swaraj Engines Ltd's operating margin is 13.55%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Swaraj Engines Ltd's net margin is 9.77%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Swaraj Engines Ltd's current ratio is 2.07.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Swaraj Engines Ltd's debt-to-equity ratio is 0.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Swaraj Engines Ltd's interest coverage ratio is N/A.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Swaraj Engines Ltd's DPS is ₹109.87.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Swaraj Engines Ltd's EPS is 18.25.
(Source line: "Ratios as of 01 Sept 2026, based on last traded price of ₹3537.70. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1985
Headquarters: Mohali, Punjab
Core Offerings: Diesel engines for tractors, engine components, engine assembly, spare parts
Stock Listing: NSE (SWARAJENG), BSE (500407)
Promoter: Mahindra & Mahindra Ltd. / Kirloskar Industries Ltd.
Swaraj Engines Ltd. was incorporated on September 25, 1985. Commercial production of diesel engines for Swaraj Tractors commenced in 1986. Over the decades, SEL has consistently expanded its production capacity and upgraded technology to meet the increasing captive demand from the Swaraj Division of Mahindra & Mahindra Ltd., solidifying its position as a key engine supplier in the Indian agricultural machinery market.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Manufacturing of Diesel Engines and Components | ~100% | N/A (single segment) |
Diesel Engines and Components: Engaged in the manufacturing and supply of high-performance diesel engines primarily in the 20-65 HP range, along with various critical engine components.
Captive Supplier: Serves as a dedicated and just-in-time supplier to the Swaraj Division of Mahindra & Mahindra Ltd., fulfilling a significant portion of their tractor engine requirements.
Aftermarket Support: Produces and supplies spare parts for its engines, catering to the aftermarket through Mahindra & Mahindra's extensive service network.
Mr. Hemant Sikka (Chairman, Non-Executive Independent Director) – A seasoned industry veteran, also serves as President – Farm Equipment Sector at Mahindra & Mahindra Ltd., bringing extensive sector expertise. Mr. Harish Chavan (CEO) – Joined SEL in 2011, progressing through leadership roles to become CEO in 2020, overseeing operational excellence and strategic growth.
No major subsidiaries reported.
Notable bonus issues: 1:1 in 2013 and 1:1 in 2005. No major recent corporate actions on record.
The Swaraj Engines Ltd share price today is ₹3537.70 on NSE (SWARAJENG), as of 09 Sept 2026.
As of 01 Sept 2026, Swaraj Engines Ltd share price is ₹3537.70, with previous close ₹3537.70. Today's range is ₹3537.70 to ₹3537.70. The 52-week range is ₹3537.70 to ₹3537.70.
As of today, Swaraj Engines Ltd's market cap is ₹4,315.99 crore (Small Cap).
Swaraj Engines Ltd's current P/E ratio is 21.90, compared to the AUTOMOBILES & AUTO COMPONENTS sector average of 36.20.
Swaraj Engines Ltd's current P/B ratio is 8.80.
Swaraj Engines Ltd's current dividend yield is 3.11%. Last dividend of ₹43.00 per share was declared on 16-Aug-2024.
Swaraj Engines Ltd's EPS (TTM) is ₹18.25.
Swaraj Engines Ltd. (SEL) manufactures diesel engines and engine components primarily for Swaraj tractors, a division of Mahindra & Mahindra Ltd. It operates as a dedicated, captive supplier, playing a crucial role in the agricultural machinery sector by ensuring a steady supply of power units for tractors, thereby supporting India's farming industry.
Swaraj Engines Ltd is promoted by Mahindra & Mahindra Ltd. / Kirloskar Industries Ltd., holding 52.11% as of 01 Sept 2026.
Swaraj Engines Ltd is listed on NSE (SWARAJENG) and BSE (500407). Its next quarterly results are expected on Q2 FY25 (October-November 2024).