Swaraj Engines Limited

NSE: SWARAJENG · Unclassified

₹3,495.30-1.97%06 Nov 2026

Ask the data

Instant answers about Swaraj Engines Limited — computed from its filings, no language model

Market cap₹4,247 cr

Current price₹3,495.30

High / Low₹4,104 / ₹3,309

P/E20.0

P/B9.01

Book value₹388.0

ROE45.1%

ROCE60.7%

Debt / equity0.00

Dividend yield2.99%

EPS (TTM)₹175.11

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	872	773	987	1,138	1,422	1,419	1,682	2,007
EBITDA	132	100	136	155	186	188	227	272
Operating margin	15.1%	13.0%	13.8%	13.7%	13.1%	13.3%	13.5%	13.6%
Interest	0	0	0	0	0	0	0	0
Depreciation	20	20	20	18	19	17	20	22
Profit before tax	127	93	124	147	180	185	223	264
Tax	45	22	32	37	46	47	57	67
Net profit	0	71	93	109	134	138	166	196
EPS ₹	67.96	58.57	76.27	90.17	110.02	113.50	136.64	161.60
Operating cash flow	—	—	—	103	133	142	177	117
Capex	—	—	—	22	13	48	24	70
Dividend paid	—	—	—	84	97	112	115	127
Total assets	—	—	—	—	536	557	672	779
Equity	—	—	—	—	342	369	419	489

Quarterly performance

last 34 quarters · ₹ crore

showing latest 8 of 34 periods

	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	235	247	199	191	205	223	170	175	117	292	272	305	315	344	238	242	398	385	279	360	400	389	280	351	418	464	346	454	484	504	473	546	588	635
Operating profit	37	40	27	27	27	30	20	23	13	40	37	46	47	48	29	31	55	51	33	48	55	52	33	48	58	63	44	62	67	68	62	75	77	86
Operating margin	15.6%	16.2%	13.8%	14.3%	13.3%	13.5%	11.6%	13.4%	11.0%	13.7%	13.4%	15.1%	15.0%	13.9%	12.3%	12.8%	13.8%	13.1%	11.9%	13.3%	13.8%	13.4%	11.7%	13.7%	13.9%	13.5%	12.8%	13.6%	13.9%	13.5%	13.1%	13.7%	13.0%	13.6%
Other income	4	4	4	4	4	3	3	3	2	2	2	2	3	2	2	2	3	2	3	4	5	3	3	3	4	4	4	5	6	5	4	4	4	2
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	5	5	5	5	5	5	5	5	4	6	5	5	5	5	4	4	5	5	5	5	5	5	4	4	5	6	5	5	5	6	6	5	6	7
Profit before tax	36	39	27	26	26	28	17	21	11	36	34	44	45	45	27	29	53	48	31	47	55	51	32	47	58	61	43	61	67	67	56	73	75	81
Tax	13	14	9	9	9	3	4	6	3	9	9	11	12	12	7	7	14	12	8	12	14	13	8	12	15	16	11	16	17	17	14	19	19	21
Net profit	0	0	0	0	0	0	13	16	8	27	25	33	34	34	20	22	40	36	23	35	41	38	24	35	43	45	32	45	50	50	42	55	56	61
EPS ₹	19.02	20.91	14.31	13.72	13.95	20.94	10.62	13.06	6.46	22.36	20.61	26.84	27.72	27.82	16.62	18.01	32.56	29.54	19.13	28.79	33.69	31.01	19.84	28.96	35.56	37.39	26.30	37.39	41.14	40.89	34.66	44.91	45.70	49.86
Revenue YoY	—	—	—	—	-12.4%	-9.8%	-14.4%	-8.5%	-43.0%	31.2%	60.2%	74.1%	169.0%	17.6%	-12.8%	-20.5%	26.6%	12.0%	17.4%	48.5%	0.4%	1.1%	0.2%	-2.5%	4.5%	19.4%	23.6%	29.4%	15.8%	8.6%	37.0%	20.2%	21.5%	26.0%
Profit YoY	—	—	—	—	—	—	—	—	—	—	94.1%	105.6%	329.2%	24.5%	-19.3%	-32.9%	17.5%	6.2%	15.1%	59.9%	3.5%	5.0%	3.7%	0.6%	5.5%	20.6%	32.6%	29.1%	15.7%	9.4%	31.8%	20.1%	11.1%	21.9%

Earlier results (standalone, Sep '07 – Mar '18)

₹ crore · from BSE, before the NSE XBRL filings begin

Swaraj Engines Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†
Revenue	208	282	361	449	479	608	540	526	666	795
Operating profit	35	50	61	69	71	91	75	74	105	122
Operating margin	16.9%	17.6%	16.8%	15.5%	14.9%	14.9%	13.8%	14.0%	15.7%	15.3%
Other income	—	4	2	6	15	17	16	16	17	19
Interest	5	6	6	—	0	—	—	—	0	—
Depreciation	5	5	4	4	7	9	13	14	16	17
Profit before tax	32	55	64	77	80	98	78	76	105	123
Tax	11	17	20	24	24	31	26	25	37	43
Net profit	21	37	44	53	55	67	52	51	69	80

Quarters

showing latest 8 of 43 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†
Revenue	30	39	36	50	61	47	50	68	70	69	76	85	86	93	97	110	103	118	118	118	122	125	115	147	152	150	159	166	167	102	104	153	153	106	114	172	179	155	161	218	209	183	185
Operating profit	7	9	8	10	11	7	8	12	13	12	13	15	15	16	15	18	15	18	18	18	19	18	16	22	23	22	24	25	25	12	13	22	23	13	16	28	29	23	24	32	35	26	29
Operating margin	23.8%	23.5%	22.9%	19.5%	17.6%	14.8%	15.6%	18.1%	18.4%	17.1%	16.7%	17.5%	17.4%	17.3%	15.3%	16.2%	14.8%	15.5%	15.4%	15.3%	15.3%	14.8%	14.3%	15.0%	14.9%	14.5%	15.1%	15.0%	14.7%	11.6%	12.8%	14.5%	14.8%	12.1%	13.9%	16.5%	16.3%	14.9%	15.0%	14.8%	16.8%	14.0%	15.4%
Other income	—	—	0	0	0	0	—	2	1	1	1	1	1	0	1	1	1	1	3	3	3	4	6	5	5	4	4	4	4	4	4	4	4	4	4	5	4	4	4	5	5	5	4
Interest	1	1	1	1	1	1	2	2	2	1	1	1	1	1	2	2	2	2	—	0	0	0	0	0	0	—	0	—	—	0	—	—	0	0	—	0	0	0	0	—	—	—	1
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	2	2	2	3	3	3	3	3	3	4	3	4	4	4	4	4	4	4	4	4
Profit before tax	5	7	7	8	9	7	8	15	15	12	13	16	16	16	16	20	17	20	20	20	20	20	20	25	25	23	26	26	25	12	14	23	23	13	16	29	29	23	23	33	36	26	28
Tax	2	2	2	3	3	3	3	5	5	3	4	5	5	5	5	6	5	6	7	6	6	6	6	8	8	7	8	8	7	4	6	8	8	5	5	10	10	8	8	11	12	9	10
Net profit	4	5	4	5	6	5	6	10	10	9	9	11	11	11	11	14	12	14	13	14	14	14	14	17	17	16	17	18	18	8	8	16	16	8	12	19	19	15	15	22	24	17	18
EPS ₹	2.87	3.77	3.45	4.11	4.62	3.80	4.60	7.82	7.69	7.14	7.42	8.61	8.71	9.12	8.91	10.90	9.49	11.34	10.80	11.03	11.28	11.08	11.22	13.54	13.82	12.52	14.06	14.15	14.28	6.67	6.64	12.60	12.51	6.74	9.38	15.30	15.50	12.32	12.30	17.31	18.92	13.88	14.50
Revenue YoY	—	—	—	—	102.7%	19.6%	39.0%	34.2%	13.9%	47.4%	53.1%	25.5%	23.6%	34.8%	26.9%	29.8%	19.4%	27.0%	22.1%	7.2%	18.3%	5.9%	-3.3%	24.5%	24.5%	20.6%	39.1%	12.9%	10.3%	-32.1%	-34.6%	-7.8%	-8.4%	3.5%	9.3%	12.1%	16.8%	46.6%	41.0%	27.1%	16.6%	18.4%	15.2%
Profit YoY	—	—	—	—	61.1%	0.9%	33.1%	90.0%	66.3%	87.9%	61.3%	10.1%	13.2%	27.7%	20.2%	26.7%	8.9%	24.3%	21.2%	1.2%	18.8%	-2.3%	3.9%	22.8%	22.6%	13.0%	25.3%	4.5%	3.3%	-46.8%	-52.7%	-11.0%	-12.4%	1.0%	41.2%	21.4%	23.9%	83.0%	31.2%	13.2%	22.1%	12.6%	17.0%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 31 periods

	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	41.4%	42.4%	39.0%	39.4%	44.2%	44.5%	37.4%	38.0%	43.3%	45.6%	39.6%	41.2%	45.2%	47.7%	40.2%	41.3%	45.1%
ROCE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	55.6%	57.0%	52.5%	53.1%	59.6%	59.9%	50.2%	51.1%	58.1%	61.2%	53.3%	55.5%	60.8%	64.3%	54.0%	55.5%	60.7%
Net margin	0.0%	0.0%	0.0%	1.6%	3.7%	5.3%	8.4%	8.8%	9.4%	10.0%	10.1%	10.0%	9.6%	9.4%	9.3%	9.2%	9.4%	9.5%	9.6%	9.6%	9.7%	9.7%	9.8%	9.9%	9.9%	9.9%	9.9%	9.8%	9.8%	9.6%	9.5%
EBITDA margin	15.1%	14.5%	13.7%	13.2%	13.0%	12.5%	12.7%	13.2%	13.8%	14.4%	14.4%	14.2%	13.7%	13.3%	13.1%	13.0%	13.1%	13.1%	13.2%	13.2%	13.3%	13.3%	13.3%	13.5%	13.5%	13.5%	13.5%	13.5%	13.6%	13.3%	13.4%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest coverage	1416.56	11798.00	5344.50	4871.00	9308.00	7757.00	—	—	—	—	16780.00	2306.43	1836.75	1936.38	1754.67	3237.80	2247.75	1817.70	1315.00	973.95	881.81	723.88	709.32	675.26	676.91	645.97	627.21	663.13	676.85	714.29	752.79
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.77	2.86	2.65	2.65	2.76	2.76	2.55	2.58	2.58	2.69	2.50	2.60	2.66	2.85	2.58	2.71	2.65

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	12	12	12	12	12	12	12	12	12
Other equity / reserves	272	330	297	356	330	407	380	477	459
Total equity	284	342	309	369	342	419	392	489	471
Borrowings	0	0	0	0	0	0	0	0	0
Current liabilities	165	186	200	180	237	244	270	279	363
Non-current liabilities	7	8	8	8	8	9	9	11	11
Total assets	455	536	517	557	587	672	671	779	846
Property, plant & equipment	88	87	82	75	112	110	112	107	200
Capital work-in-progress	5	2	1	38	5	5	5	55	29
Investments	0	26	40	20	14	19	40	19	45
Inventories	64	70	71	71	70	78	74	75	78
Receivables	125	128	135	120	170	177	199	206	249
Cash & equivalents	5	4	6	4	8	7	1	17	4

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	103	133	142	177	117
Cash from investing	-51	-38	-30	-58	22
Cash from financing	-84	-97	-112	-116	-128
Capex	22	13	48	24	70
Free cash flow	81	120	95	152	47
Dividends paid	84	97	112	115	127

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹200 cr24%

CWIP

₹29 cr3%

Investments

₹45 cr5%

Inventories

₹78 cr9%

Receivables

₹249 cr29%

Cash & equivalents

₹4 cr1%

Other assets

₹240 cr28%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Swaraj Engines Limited	4,247	3,495.30	20.0	9.01	45.1%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-1.4%

6 months-12.6%

1 year-13.2%

3Y CAGR+20.1%

5Y CAGR+14.8%

10Y CAGR+9.7%

50-day avg₹3,536.20

200-day avg₹3,655.16

RSI (14)48

FAQs

What is the share price of Swaraj Engines Limited?

Swaraj Engines Limited (SWARAJENG) closed at ₹3,495.30 on NSE on 06 Nov 2026.

What is the market cap of Swaraj Engines Limited?

₹4,247 crore at the latest close.

What is the P/E ratio of Swaraj Engines Limited?

20.0, on trailing-twelve-month earnings from its filings.

How fast is Swaraj Engines Limited growing?

Swaraj Engines Limited: revenue has compounded at 12.2% a year over three years; net profit at 13.7% a year. Latest-quarter revenue is up 26.0% year on year, profit up 21.9%.

How profitable is Swaraj Engines Limited?

On a trailing-twelve-month basis return on equity is 45.1%, return on capital employed 60.7%, operating margin 13.4%, net margin 9.5%.

How much debt does Swaraj Engines Limited have?

Swaraj Engines Limited is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹4 cr (balance sheet of 2026-09-30). Operating profit covers interest 752.8 times.

Financials parsed from Swaraj Engines Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from JUN '18, annual from FY19, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.