₹3,731.6
▼ -37.69 -1.00%
17 Jul 2026
NSE Listed · Consumer Cyclical
Swaraj Engines Ltd. (SWARAJENG)
Volume: 13,032Avg Vol 1W: 5,088Avg Vol 1M: 9,20452W Range:₹3,301.3₹4,720
Key Ratios
Checked just nowMarket Cap₹4,534 Cr
Current Price₹3,731.6
Previous Close₹3,769.29
High / Low (52w)₹4,720 / ₹3,301.3
Volume13,032
Avg Vol (1W)5,088
Avg Vol (1M)9,204
Stock P/E83.09
Book Value₹402.23
Dividend Yield2.95%
ROE40.15%
ROA25.21%
Revenue (TTM)₹2,007 Cr
Revenue Growth—
Profit Margin9.78%
Total Debt—
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹162.96
P/B9.28
Debt / Equity0
50 DMA₹3,858.91
200 DMA₹3,752.44
Day change-1.00%
Price Chart
₹3,731.6▼ 0.36% · 1Y
2025-11-212026-07-16
20-day avg volume: 7K shares
Pros
- Healthy return on equity of 40.1%.
- Pays a dividend yield of 3.0%.
- Company is almost debt-free.
- Revenue grew 19% YoY.
- Net profit is growing year over year.
Cons
- Stock trades at a high P/E of 83.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹418 Cr | ₹464 Cr | ₹346 Cr | ₹454 Cr | ₹484 Cr | ₹504 Cr | ₹473 Cr | ₹546 Cr |
| EBITDA | ₹58 Cr | ₹61 Cr | ₹43 Cr | ₹61 Cr | ₹67 Cr | ₹67 Cr | ₹60 Cr | ₹73 Cr |
| Net Profit | ₹43 Cr | ₹45 Cr | ₹32 Cr | ₹45 Cr | ₹50 Cr | ₹50 Cr | ₹42 Cr | ₹55 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹887 Cr | ₹786 Cr | ₹995 Cr | ₹1,148 Cr | ₹1,434 Cr | ₹1,434 Cr | ₹1,698 Cr | ₹2,025 Cr |
| EBITDA | ₹127 Cr | ₹93 Cr | ₹124 Cr | ₹147 Cr | ₹180 Cr | ₹185 Cr | ₹223 Cr | ₹267 Cr |
| Net Profit | ₹82 Cr | ₹71 Cr | ₹93 Cr | ₹109 Cr | ₹134 Cr | ₹138 Cr | ₹166 Cr | ₹196 Cr |
| EPS | 67.91 | 58.53 | 76.2 | 90.13 | 109.99 | 113.48 | 136.61 | 161.56 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹366 Cr | ₹355 Cr | ₹458 Cr | ₹461 Cr | ₹536 Cr | ₹557 Cr | ₹672 Cr | ₹779 Cr |
| Total Liabilities | ₹128 Cr | ₹119 Cr | ₹178 Cr | ₹156 Cr | ₹194 Cr | ₹188 Cr | ₹253 Cr | ₹290 Cr |
| Equity | ₹238 Cr | ₹236 Cr | ₹281 Cr | ₹306 Cr | ₹342 Cr | ₹369 Cr | ₹419 Cr | ₹489 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | ₹64 Cr | ₹138 Cr | ₹181 Cr | ₹189 Cr | ₹234 Cr | ₹186 Cr |
| Investing | ₹56 Cr | ₹-48 Cr | ₹-38 Cr | ₹-30 Cr | ₹-58 Cr | ₹22 Cr |
| Financing | ₹-49 Cr | ₹-84 Cr | ₹-97 Cr | ₹-112 Cr | ₹-116 Cr | ₹-128 Cr |
| Free Cash Flow | ₹64 Cr | ₹138 Cr | ₹181 Cr | ₹189 Cr | ₹234 Cr | ₹186 Cr |
Shareholding
Promoter 52.11% Institutions 11.92% Public 35.98%
About Swaraj Engines Ltd.
Consumer Cyclical · Auto Parts
Swaraj Engines Limited manufactures and sells diesel engines and its components, hi-tech engine components, and spare parts for tractor application in India. The company was incorporated in 1985 and is based in Mohali, India. Swaraj Engines Limited is a subsidiary of Mahindra & Mahindra Limited.
www.swarajenterprise.com ↗Efficiency & Working Capital
ROCE55.5%
Interest Coverage676.8
Dividend Payout—
Debtor Days37 d
Inventory Days14 d
Payable Days45 d
Cash Conversion Cycle6 d
Working Capital Days51 d
Shareholding Details
As of 2026-03-31
Promoter52.1%
FII2.8%
DII9.1%
Institutions11.9%
Public36%
Promoter Pledge0%
No. of Shareholders38,470
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 52.1% | 52.1% | 52.1% | 52.1% | 52.1% | 52.1% | 52.1% | 52.1% | 52.1% | 52.1% | 52.1% | 52.1% |
| FIIs | 2.5% | 2.6% | 2.7% | 2.5% | 2.9% | 3.2% | 3.3% | 3.5% | 3.7% | 3.9% | 3.1% | 2.8% |
| DIIs | 9.3% | 9.3% | 9.8% | 10.4% | 9.7% | 9.7% | 9.8% | 9.9% | 9.3% | 9.6% | 9.7% | 9.1% |
| Public | 36.1% | 35.9% | 35.3% | 35% | 35.4% | 34.9% | 34.8% | 34.5% | 34.8% | 34.3% | 35% | 36% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 27,487 | 28,030 | 26,976 | 27,146 | 29,241 | 30,207 | 31,736 | 31,903 | 36,487 | 36,980 | 37,905 | 38,470 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Mahindra & Mahindra Limited | Shareholding of Promoter and Promoter Group | 52.1% | 63,31,141 |
| Dsp Small Cap Fund | Public Shareholding | 6% | 7,31,746 |
| Parag Parikh Conservative Hybrid Fund | Public Shareholding | 1.8% | 2,12,371 |
| Vikram Chinubhai Shah | Public Shareholding | 1.5% | 1,80,000 |
| Keyur H Parikh | Public Shareholding | 1.3% | 1,53,000 |
| Reeta Keyur Parikh | Public Shareholding | 1% | 1,25,000 |
| Vikram Advisory Services Private Limited | Public Shareholding | 1% | 1,22,500 |
| Mahindra Steel Service Centre Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra First Choice Wheels Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Gromax Agri Equipment Limited (formerly Known As Mahindra Gujarat Tractor Limited) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra Agri Solutions Limited (formerly Known As Mahindra Shubhlabh Services Limited) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra Accelo Limited (formerly Known As Mahindra Intertrade Limited) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra Holidays & Resorts India Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra Hotels And Residences India Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra Holdings Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Nbs International Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra & Mahindra Financial Services Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra Insurance Brokers Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra Rural Housing Finance Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Bristlecone India Private Limited (formerly Know As Bristlecone India Limited) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra Lifespace Developers Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra Infrastructure Developers Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra World City (jaipur) Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra World City Developers Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahindra World City (maharashtra) Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Mahindra & Mahindra Limited | 0 | 0% | 2026-03-31 |
| Mahindra Steel Service Centre Limited | 0 | 0% | 2026-03-31 |
| Mahindra First Choice Wheels Limited | 0 | 0% | 2026-03-31 |
| Gromax Agri Equipment Limited (formerly Known As Mahindra Gujarat Tractor Limited) | 0 | 0% | 2026-03-31 |
| Mahindra Agri Solutions Limited (formerly Known As Mahindra Shubhlabh Services Limited) | 0 | 0% | 2026-03-31 |
| Mahindra Accelo Limited (formerly Known As Mahindra Intertrade Limited) | 0 | 0% | 2026-03-31 |
| Mahindra Holidays & Resorts India Limited | 0 | 0% | 2026-03-31 |
| Mahindra Hotels And Residences India Limited | 0 | 0% | 2026-03-31 |
| Mahindra Holdings Limited | 0 | 0% | 2026-03-31 |
| Nbs International Limited | 0 | 0% | 2026-03-31 |
| Mahindra & Mahindra Financial Services Limited | 0 | 0% | 2026-03-31 |
| Mahindra Insurance Brokers Limited | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Rajya Vardhan Kanoria | Chairman & Independent Directo | 2026 |
| Nagarajan Sivaramakrishnan | Independent Non Exe. Director | 2026 |
| Nikhilesh Panchal | Independent Non Exe. Director | 2026 |
| SMITA MANKAD | Independent Non Exe. Director | 2026 |
| HARISH NAMDEO CHAVAN | Non-Exec & Non-Independent Dir | 2026 |
| Puneet Renjhen | Non-Exec & Non-Independent Dir | 2026 |
| Devjit Sarkar | Non Independent Executive Director / WTD / CEO | 2026 |
| Gaganjot Singh | Non-Exec & Non-Independent Dir | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| diesel engines, diesel engine compo | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹10 | 25 | 12 | 12 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-07-20 | Board Meetings | — |
| dividend | 2026-07-03 | ₹110.0 (1100.0%) | Final |
| dividend | 2026-07-03 | ₹110 (1100%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 0 | 2 | 0 | 2 | 0 | 2,102 |
| 2026 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 | 76 |
Insider / Designated-Person Trades
3 recent disclosure(s)
Devjit SarkarAcquisition · 361
KIRLOSKAR INDUSTRIES LTDDisposal · 21,14,349
Mahindra & Mahindra LimitedAcquisition · 21,14,349
Substantial Acquisitions (SAST)
4 disclosure(s)
Off Market / Inter se transfer27/09/2022 · 21,14,349
Off Market / Inter se transfer27/09/2022 · 21,14,349
-27/09/2022 · 21,14,349
NULL27/09/2022 · 21,14,349
Company Information
🌐 www.swarajenterprise.com ↗
📍 Phase IV Industrial area, SAS Nagar, Mohali, Punjab, 160055
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