loader2
Partner With Us NRI

Swaraj Engines Ltd share Price Today

Company details

2,310.50
2,364.75
1,513.20
2,553.75
6M Return 15.21%
1Y Return 49.71%
Mkt Cap.(Cr) 2,856.91
Volume 3,819
Div Yield 3.91%
OI
-
OI Chg %
-
Volume 3,819

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500
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)

Click here for full recommendation

Research view on more stocks

Auto Parts & Equipments company Swaraj Engines announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • Driven by the continued engine demand, the company maintained its growth momentum and posted sales of 37,876 engines for Q2FY24 as compared to Q2FY23's 36,792 engines.
    • Net operating revenue for Q2FY24 reached Rs 388.90 crore compared to Rs 384.75 crore for Q2FY23.
    • The operating profit for Q2FY24 at Rs 52.14 crore compared to last year's Rs 50.51 crore also increased almost in tandem with the volume increase, accompanied by a margin improvement of 30 basis points.
    • PBT stood at Rs 50.60 crore (last year Rs 48.31 crore)
    • PAT at Rs 37.67 crore registered a growth of 5.0% over last year's PAT of Rs 35.88 crore.
  • H1FY24:
    • In the backdrop of overall consistent engine sales demand during the first two quarters of the current fiscal, the H1FY24 also recorded the highest-ever half-yearly engine sales of 76,313 units as compared to last year's sales of 75,220 units.
    • On the net operating revenue of Rs 788.73 crore (last year Rs 783.10 crore) for the said period
    • Company posted a Profit Before Tax of Rs 105.65 crore (last year Rs 101.43 crore)
    • Profit After Tax of Rs 78.59 crore (last year Rs 75.42 crore)

 

 

Result PDF

View Other Company Results

Swaraj Engines Ltd shares SWOT Analysis

Strengths (10)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (2)

  • Declining Revenue every quarter for the past 2 quarters
  • Declining profits every quarter for the past 2 quarters

Opportunity (0)

Data not found

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 2,367.7
R2 2,388.7
R3 2,417.5
Pivot

2,338.88

S1 2,317.9
S2 2,289.1
S3 2,268.1
EMA SMA
2,355.8
2,328.5
2,253.0
2,118.7
2,340.7
2,373.8
2,227.5
2,121.3
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 Grindwell Norton Ltd Carborundum Universal Ltd
Price 2,351.95 2,733.55 3,728.15 2,165.65 1,065.60
% Change 0.23 -2.75 -0.31 1.01 -2.28
Mcap Cr 2,856.91 75,774.01 44,423.14 23,978.08 20,252.26
Revenue TTM Cr 1,421.82 7,772.09 8,089.81 2,012.76 4,654.28
Net Profit TTM Cr 133.61 1,228.15 450.70 295.08 441.70
PE TTM 20.75 50.73 81.38 60.56 56.33
1 Year Return 49.71 71.21 75.08 13.20 8.09
ROCE 54.34 26.89 14.53 27.49 20.69
ROE 41.25 22.53 12.25 20.97 17.04
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 342.08 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,723.19 -6,502.89
LAST 3M 66,180.77 -20,510.57
LAST 6M 121,980.03 9,662.75
LAST 12M 182,040.92 177,457.32

Swaraj Engines Ltd Information

Stock PE (TTM)
20.75
Promoter Holding
52.12%
Book Value
254.475
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 Feb 26, 2024 03:46 PM the closing price of Swaraj Engines Ltd was ₹ 2,351.95.

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 Feb 26, 2024 03:46 PM, the market cap of Swaraj Engines Ltd stood at ₹ 2,856.91.

The latest PE ratio of Swaraj Engines Ltd as of Feb 26, 2024 03:46 PM is 20.75

The latest PB ratio of Swaraj Engines Ltd as of Feb 26, 2024 03:46 PM is 0.11

The 52-week high of Swaraj Engines Ltd is ₹ 2,553.75 while the 52-week low is ₹ 1,513.20

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

Download Our

Download App
market app