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Swaraj Engines Ltd share Price Today

Company details

2,752.95
2,816.00
1,918.30
2,816.00
6M Return 24.46%
1Y Return 33.09%
Mkt Cap.(Cr) 3,396.36
Volume 32,417
Div Yield 3.40%
OI
-
OI Chg %
-
Volume 32,417

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About The Stock

    Swaraj Engines (SEL) is involved in manufacturing diesel engines for M&M’s Swaraj brand of tractors. It is headquartered at Mohali (Punjab)

    • Steady ~10% compounding of revenues, EBITDA, PAT over past five years
    • Net cash positive b/s; consistent cash flow generation; highly capital efficient player with history of >30% return ratios & high dividend pay-outs
Q4FY22

    SEL reported steady Q4FY22 results

    • Diesel engine volumes stood at 23,937 units, down 29% YoY.
    • Net sales declined 21% YoY to ₹ 242 crore tracking 1.6% QoQ ASP increase
    • Operating margins improved 50 bps QoQ to 12.8% in Q4FY22
    • Consequent PAT was down 33% YoY to ₹ 22 crore (high margins in Q2FY21)

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Research view on more stocks

Auto parts & Equipment company Swaraj Engines announced Q4FY24 & FY24 results:

Financial Performance Q4FY24:

  • The Company's Q4 engine sales stood at 35,344 units as compared to 34,841 units sold during same period last year.
  • The Company's net operating revenue for Q4FY24 was Rs 350.96 crore (last year Rs 359.79 crore).
  • Company posted a PBIT of Rs 44.10 crore (last year Rs 43.42 crore), accompanied with margin improvement of 50 basis points.
  • The Profit Before Tax for the quarter was Rs 47.19 crore (last year Rs 47.08 crore).
  • The Profit After Tax stood at Rs 35.18 crore (last year Rs 34.96 crore). 

Financial Performance FY24:

  • The engine sales volume for FY24 was 1,38,761 units as compared to 1,37,005 units sold during last financial year. 
  • The Net operating revenue for FY24 stood at Rs 1,419.24 crore (last year Rs 1,421.82 crore).
  • While the Profit Before Tax for the year reached Rs 184.97 crore (last year Rs 179.74 crore).
  • Profit After Tax was at Rs 137.87 crore (last year Rs 133.61 crore) up by 3.2% - the highest ever for any financial year. 

Dividend:

  • The Board, while approving the annual accounts, has recommended an equity dividend of 950 % (Rs. 95 per share) for FY24

Result PDF

View Other Company Results

Swaraj Engines Ltd shares SWOT Analysis

Strengths (12)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong QoQ EPS Growth in recent results
  • New 52 week high today

Weakness (0)

Data not found

Opportunity (1)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum

Threats (0)

Data not found

Resistance and support

R1 2,823.7
R2 2,851.4
R3 2,886.8
Pivot

2,788.33

S1 2,760.7
S2 2,725.3
S3 2,697.6
EMA SMA
2,556.0
2,480.1
2,410.1
2,287.0
2,528.9
2,470.5
2,400.9
2,275.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MAHINDRA & MAHINDRA LIMITED Bulk Purchase 2019-06-03 1387 177586 NSE
JUPITER INDIA FUND Bulk Sell 2019-06-03 1387 177618 NSE
CATAMARAN CAPITAL Bulk Sell 2016-11-16 1250.11 166300 NSE
Name Category Shares
MAHINDRA & MAHINDRA LIMITED PROMOTER 52.12%

OUR RESEARCH VIEW

Investment recommendation
Call Date
27 Apr 2022
Entry Price 1,500.00
Target Price 1,680.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Swaraj Engines Ltd Stocks COMPARISON

Financials( in Cr) Swaraj Engines Ltd Cummins India Ltd Thermax Ltd Carborundum Universal Ltd Grindwell Norton Ltd
Price 2,796.05 3,825.60 5,311.90 1,773.95 2,714.65
% Change 1.52 3.05 -0.57 2.10 0.11
Mcap Cr 3,396.36 106,045.63 63,294.48 33,750.82 30,056.60
Revenue TTM Cr 1,421.82 7,772.09 8,089.81 4,654.28 2,012.76
Net Profit TTM Cr 133.61 1,228.15 450.70 441.70 295.08
PE TTM 24.63 61.66 107.46 73.17 78.30
1 Year Return 33.09 107.55 127.03 48.45 28.74
ROCE 54.34 26.89 14.53 20.69 27.49
ROE 41.25 22.53 12.25 17.04 20.97
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 342.08 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,452.94 -2,589.17
LAST 3M 105,794.56 -32,067.62
LAST 6M 178,880.68 -18,917.36
LAST 12M 290,144.87 98,834.05

Swaraj Engines Ltd Information

Stock PE (TTM)
24.63
Promoter Holding
52.12%
Book Value
303.4161
ROCE
54.34%
ROE
41.25%
Description
  • Swaraj Engines Ltd. (SEL) is primarily manufacturing diesel engines for fitment into "Swaraj" tractors being manufactured by Mahindra & Mahindra Ltd. (M&M). SEL is supplying diesel Engines in the range of 20 HP to 65 HP. Since the start of commercial operations in 1989-90, Company has supplied around 1.3 million engines for fitment into "Swaraj" tractors. Swaraj Engines Ltd, a Joint Venture between Punjab Tractors Ltd and Kirloskar Engines was set up primarily to manufacture engines for supply to Punjab Tractors. The Company was incorporated in Sep 85 under the Management Control of Punjab Tractors to Manufacture and market diesel engines ranging from 15hp to 80hp. Swaraj Engines Ltd (SEL) supplies 5 types of Engines from 20HP range to 50HP range to Punjab Tractors Ltd(PTL). In addition to engines, the Company also manufactures high-tech engine components for Swaraj Mazda. Since the Companies Operations in 1989-90, SEL has supplied over 2,40,000 engines for fitment into Swaraj Tractors being produced and sold by PTL. The Companies initial public offer and allotment was in 1989. The Company came out with a Public Issue aggregating to Rs.0.89 crores to part-finance Rs.4.5 crore project to manufacture 16,000 diesel engines. The Technology was provided by KOEL (Kirloskar Oil Engines Ltd). In the First year of full operations, 1989-90 the company declared its maiden dividend of 20% The Company has its plant at SAS Nagar Ropar Punjab. During 1996-2000 the Company expanded engine assembly capacity to 36,000 per annum on 2 shift basis. SEL also commissioned Matching Shop facilities for Manufacturing high-tech engine components. In the year 1999, Swaraj Engines also set-up facilities for Manufacturing high-tech engine components for Swaraj Mazda Vehicles such as Cylinder block and cylinder head. During 2002-2003 Punjab State Industrial Development Corporation (PSIDC) initiated a disinvestments process covering entire Equity stake of 23.49% held by it in Punjab Tractors Ltd(Promoters of the Company with 33% stake). CDC Financial Services(Mauritius) Ltd (CDCFS) was the Successful bidder for acquiring PSIDC`s stake of 1,42,74,000 shares @153/- per share. As per SEBI Guidelines, CDCFS & CDC-PTL made a public announcement regarding an offer to the public to buy upto 20% of Company`s total paid up equity i.e 8,27,988 shares @ Rs.205/- per share. Two major Shareholders of Punjab Tractors Ltd. (PTL) namely CDC/Actis Group and Burman family had entered into a Share Purchase Agreement (SPA) on 8th March, 2007 with Mahindra & Mahindra Ltd. (M&M) and Mahindra Holdings & Finance Ltd. (MHFL) for sale of their aggregate equity stake of 43.3% in PTL at Rs. 360/- per share. Thereafter, M&M and MHFL had made an open offer to the Shareholders of PTL for acquiring another 20% equity of PTL. The entire process was completed in early July 2007, which took Mahindra Group`s total equity holding in PTL to 64.64%. Through the applicable SEBI guidelines, M&M & MHFL made an open offer in end May 2007 to buy upto 20% of SEL`s total paid up equity @ Rs. 151/- per share and by response in their open offer, they acquired some 7,000 shares of the Company. On approval upon the Scheme of Amalgamation, Tractors Limited (PTL) was merged with Mahindra & Mahindra Limited (M&M) during the year 2008-09, with the Appointed date, 1st August, 2008. Resultantly, the merger became effective from 16th February, 2009 and on completion of the said Merger, the shareholding of PTL in the Company (33.2%) was transferred in favour of M&M. During the year 2022, the Company completed enhanced capactiy of 1,50,000 engines per annum.

Registered Address

Phase IV Industrial area, SAS Nagar, Mohali, Punjab, 160055

Tel : 91-172-2271620-27
Email : selinvestor:swarajenterprise.com
Website : http://www.swarajenterprise.com
Registrar

MCS Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500407
NSE Code : SWARAJENG
Book Closure Date (Month) : Jul
BSE Group : B
ISIN : INE277A01016

FAQ’s on Swaraj Engines Ltd Shares

You can buy Swaraj Engines Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Swaraj Engines Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:56 PM the closing price of Swaraj Engines Ltd was Rs.2,796.05.

The latest PE ratio of Swaraj Engines Ltd as of Jun 14, 2024 03:56 PM is 24.63

The latest PB ratio of Swaraj Engines Ltd as of Jun 14, 2024 03:56 PM is 0.11

The 52-week high of Swaraj Engines Ltd share price is Rs. 2,816.00 while the 52-week low is Rs. 1,918.30

According to analyst recommendations, Swaraj Engines Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:56 PM, the market cap of Swaraj Engines Ltd stood at Rs. 3,396.36.

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