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Swaraj Engines Limited share price

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.Read more
IndustrialsFarm & Heavy Construction MachineryNSE: SWARAJENGISIN INE277A01016
16 Oct 2026, 3:29 PM IST₹3,514.40▼ 6.30 (0.18%)
  • Market Cap₹ 4,270 Cr.
  • Current Price₹ 3,514.40
  • High / Low₹ 4,394 / 3,301
  • Stock P/E20.1
  • Book Value₹ 388
  • Dividend Yield3.12 %
  • ROCE52.8 %
  • ROE43.20 %
  • Face Value₹ 10.0
More figures (10)
  • EPS (TTM)₹ 175.09
  • Price / Book9.06
  • OPM12.5 %
  • Debt / Equity0.00
  • Sales growth (5Y)15.3 %
  • Profit growth (5Y)16.2 %
  • Promoter holding57.4 %
  • EV / EBITDA13.9
  • Beta0.37
  • All-time high₹ 4,720

Price chart

Returns1M3M6MYTD1Y3Y CAGR5Y CAGR
SWARAJENG-0.30%-5.82%-14.14%-1.76%-14.69%+20.88%+14.92%
Nifty 50-0.31%-3.85%-4.34%-11.42%-9.53%+5.46%+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

  • Swaraj Engines Limited is in the Farm & Heavy Construction Machinery industry (Industrials), with a market value of ₹4,270 crore.
  • It trades at 20.1 times its last 12 months' earnings and 9.1 times book value.
  • Revenue grew 15.3% a year over the last 5 years, profit 16.2% a year.
  • Return on equity was 43.2% and return on capital employed 52.8% in the latest year.
  • Debt was 0.00 times shareholders' equity.
  • The share price is 20.0% below its 52-week high and down 14.7% over one year.
  • Promoters and insiders hold about 57.4%; institutions about 8.7%.

Pros

  • Strong return on equity: 41.4% on average over the last 3 years.
  • Company is almost debt-free (debt is 0.00 times equity).
  • Sales have grown 15.3% a year over the last 5 years.
  • Latest quarter (Sep 2026): sales up 26% and profit up 22% from a year ago.
  • Trades at 20.1 times earnings, below its 3-year median of 24.7.

Cons

  • Trades at 9.1 times its book value.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Swaraj Engines Limited

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.

Employees
294
Head office
Mohali

Peer comparison

IndustrialsFarm & Heavy Construction Machinery

S.No.CompanyCMP ₹P/EMar Cap ₹ CrDiv Yld %NP Qtr ₹ CrQtr Profit Var %Sales Qtr ₹ CrQtr Sales Var %ROCE %
1.Swaraj Engines3,514.4020.14,2703.126121.9263526.0252.8
2.Ashok Leyland148.9125.287,4682.366160.7813,02011.7014.5
3.Escorts Kubota2,751.0021.930,2691.2138621.203,20831.1914.4
4.Action Construction Equipment1,136.3031.013,5250.171190.78786-18.2428.5
5.Olectra Greentech1,066.3049.38,7520.0626-0.3057665.7519.4
6.Indef Manufacturing201.1827.46441.005-3.0034-13.208.8
Median: 6 Co.1,101.3026.311,1391.11900.7871018.8617.0

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Standalone figures in ₹ crore

₹ CrSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
389280351418464346454484504473546588635
337247303360401301392417436411471512549
Operating Profit52334858634462676862757786
OPM %13%12%14%14%14%13%14%14%13%13%14%13%14%
3334445654442
Interest0000000000000
Depreciation5445655566567
Profit before tax51324758614361676756737581
26%25%25%26%26%25%26%26%26%25%25%26%26%
38243543453245505042555661
EPS in Rs31.0119.8428.9635.5637.3926.3037.3941.1440.8934.6644.9145.7049.86
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Standalone figures in ₹ crore

₹ CrMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
8727739871,1381,4221,4191,6822,0072,243
7406738519831,2351,2311,4551,7351,942
Operating Profit132100136155186188227272300
OPM %15%13%14%14%13%13%14%14%13%
15139101214161813
Interest00000000
Depreciation202020181917202223
Profit before tax12793124147180185223264286
35%24%26%25%26%25%26%26%26%
827193109134138166196213
EPS in Rs67.9658.5776.2790.17110.02113.50136.64161.60175.13
Dividend Payout %73%81%70%65%

Compounded Sales Growth

5 Years:
15%
3 Years:
12%
TTM:
25%

Compounded Profit Growth

5 Years:
16%
3 Years:
14%
TTM:
20%

Stock Price CAGR

5 Years:
15%
3 Years:
21%
1 Year:
-15%

Return on Equity

4 Years:
41%
Last Year:
43%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
Equity Capital12121212
Reserves330356407477
Borrowings1122
193187251288
Total Liabilities536557672779
89113115161
CWIP238555
445406552563
Total Assets536557672779

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
133142177117
-38-30-5822
-97-112-116-128
Net Cash Flow-21211
Free Cash Flow1209515247

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE—39.0%38.8%42.1%43.2%
ROCE—51.4%49.2%52.2%52.8%
Operating margin—11.9%12.1%12.4%12.5%
Net margin—9.4%9.8%9.9%9.8%
Debt / equity—0.000.000.000.00
Current ratio—2.092.341.962.06
Debtor days—33313938
Inventory days—22232117
Days payable—52505956
Cash conversion cycle—341-1
Working capital days—52625154

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

  • Promoters 52.11%
  • FIIs 2.43%
  • DIIs 8.78%
  • Public 36.68%
%Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters52.12%52.12%52.12%52.12%52.12%52.12%52.12%52.12%52.12%52.12%52.11%52.11%
2.61%2.70%2.55%2.85%3.23%3.35%3.48%3.72%3.93%3.15%2.82%2.43%
9.33%9.84%10.36%9.66%9.71%9.77%9.89%9.32%9.65%9.73%9.09%8.78%
35.94%35.34%34.97%35.36%34.94%34.76%34.51%34.84%34.30%35.00%35.98%36.68%
No. of Shareholders28,03026,97627,14629,24130,20731,73631,90336,48736,98037,90538,47041,234

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Swaraj Engines

Holder (above 1%)Stake
DSP Small Cap FundMutual fund6.02%
Parag Parikh Conservative Hybrid FundMutual fund1.75%

As named in the shareholding pattern for Jun 2026 filed with NSE; mutual funds together hold 7.78% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Concalls & investor meets

None filed recently.

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date
3 Jul 2026
Latest quarter
30 Sep 2026
Financial year end
31 Mar 2026

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Latest news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Swaraj Engines Limited

What is the share price of Swaraj Engines Limited today?
Swaraj Engines Limited (SWARAJENG) last traded at ₹3,514.40 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.
What is the market cap of Swaraj Engines Limited?
About ₹4,270 crore at the latest price.
What is the P/E ratio of Swaraj Engines Limited?
About 20.1 times its earnings over the last 12 months.
Is Swaraj Engines Limited a good investment?
We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.
How can I buy Swaraj Engines Limited shares?
You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.
Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).
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