Swaraj Engines
- Market cap
- ₹ 4,153 Cr.
- P/E
- 19.2x
- P/B
- 8.46x
- 52-week range
- 3,285.1 – 4,394
- ROE
- 44%
- ROCE
- 58%
- Dividend yield
- 3.2%
- Debt / equity
- 0
- Sector
- Industrial Products
- Industry
- Compressors, Pumps & Diesel Engines
- Listed on
- NSE, BSE
About
Swaraj Engines Limited is an India-based company. The Company is primarily engaged in the business of diesel engines, diesel engine components and spare parts. It manufactures and supplies diesel engines in the range of 22 horsepower (HP) to above 65 HP. It has supplied over 16,00,000 engines for fitment into Swaraj tractors. The Company also manufactures hi-tech engine components.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Compressors, Pumps & Diesel Engines: 16 companies →Swaraj Engines against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)19.2 against a typical 35: cheaper than most peers (1st = cheapest).3rd of 15
- Sales growth+26% against a typical +14.8% from a year earlier.4th of 15
- Profit growth+22% against a typical +18.6% from a year earlier.5th of 15
- Share price, 3 months−3.6% against a typical −14.8%.2nd of 14
- Size₹ 4,152.8 Cr. market value against a typical ₹ 7,433.3 Cr. (1st = largest).8th of 13
Latest announcements
Exchange filings and their impact on the company.
- Record Q2 sales and profit on 20% volume growth points to ~20% higher revenue and profit over the next year.
Swaraj Engines reported its highest-ever quarterly profit in Q2 FY27, with engine sales up to 61,216 units from 51,164 last year. Revenue grew 26% to Rs 635.19 crore and net profit grew 21.9% to Rs 60.57 crore. For the first half, sales were 118,019 units and revenue was Rs 1223.58 crore with net profit of Rs 116.10 crore. The strong volume-led growth indicates sustained demand from its key customer and supports a higher earnings base going forward.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 12 Oct 2026 | Financial Results | Pursuant to Regulation 29(1)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Meeting of the Board of Directors of Swaraj Engines Limited will be held on 12th October, 2026 (Monday), to inter alia, consider and approve the Unaudited Financial Results of the Company for the second quarter and half year ended on 30th September, 2026. |
| 20 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 13 Apr 2026 | Financial Results/Dividend | Pursuant to Regulation 29(1)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Meeting of the Board of Directors of the Company will be held on 13th April, 2026 (Monday), to inter alia, consider and approve the Audited Financial Results of the Company for the year ended on 31st March, 2026 and to recommend equity dividend, if any, for the said year. |
| 15 Jan 2026 | Financial Results | Pursuant to Regulation 29(1)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Meeting of the Board of Directors of Swaraj Engines Limited will be held on 15th January, 2026 (Thursday), to inter alia, consider and approve the Unaudited Financial Results of the Company for the third quarter and nine-months period ended on 31st December, 2025. |
| 1 Jan 2026 | Financial Results | Pursuant to Regulation 29(1)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Meeting of the Board of Directors of Swaraj Engines Limited will be held on 15th January, 2026 (Thursday), to inter alia, consider and approve the Unaudited Financial Results of the Company for the third quarter and nine-months period ended on 31st December, 2025. |
| 16 Oct 2025 | Financial Results | Pursuant to Regulation 29(1)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Meeting of the Board of Directors of Swaraj Engines Limited will be held on 16th October, 2025 (Thursday), to inter alia, consider and approve the Unaudited Financial Results of the Company for the second quarter and half year ended on 30th September, 2025. |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 280 | 351 | 418 | 464 | 346 | 454 | 484 | 504 | 473 | 546 | 588 | 635 |
| Expenses | 247 | 303 | 360 | 401 | 301 | 392 | 417 | 436 | 411 | 471 | 512 | 549 |
| Operating Profit | 33 | 48 | 58 | 63 | 44 | 62 | 67 | 68 | 62 | 75 | 77 | 86 |
| OPM % | 12% | 14% | 14% | 14% | 13% | 14% | 14% | 14% | 13% | 14% | 13% | 14% |
| Other Income | 3 | 3 | 4 | 4 | 4 | 5 | 6 | 5 | 0 | 4 | 4 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 5 | 6 | 5 | 5 | 5 | 6 | 6 | 5 | 6 | 7 |
| Profit before tax | 32 | 47 | 58 | 61 | 43 | 61 | 67 | 67 | 56 | 73 | 75 | 81 |
| Tax % | 25% | 25% | 26% | 26% | 25% | 26% | 26% | 26% | 25% | 25% | 26% | 26% |
| Net Profit | 24 | 35 | 43 | 45 | 32 | 45 | 50 | 50 | 42 | 55 | 56 | 61 |
| EPS in Rs | 19.84 | 28.96 | 35.56 | 37.39 | 26.3 | 37.39 | 41.14 | 40.9 | 34.65 | 44.91 | 45.7 | 49.85 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 14%
- 5 Years
- 15%
- 3 Years
- 12%
- TTM
- 25%
- 10 Years
- 14%
- 5 Years
- 17%
- 3 Years
- 14%
- TTM
- 22%
- 10 Years
- 10%
- 5 Years
- 16%
- 3 Years
- 19%
- TTM
- —
- 10 Years
- 37%
- 5 Years
- 41%
- 3 Years
- 42%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Swaraj Engines | ₹ 3,449.00 | ₹ 4,153 Cr. | 19.2x | 8.5x | 44% | — |
| Samvardhana Motherson International | ₹ 151.00 | ₹ 1,59,367 Cr. | 35.1x | 3.7x | 10.2% | 3.2% |
| Cummins India | ₹ 4,338.90 | ₹ 1,20,274 Cr. | 62.3x | 17.8x | 29.5% | 19.5% |
| Bosch | ₹ 44,045.85 | ₹ 1,29,918 Cr. | 51.3x | 8.1x | 19.4% | 13.8% |
| UNO Minda | ₹ 1,052.00 | ₹ 60,749 Cr. | 54.8x | 9.8x | 19.1% | 6.5% |
| Sona Blw Precision Forgings | ₹ 752.80 | ₹ 46,984 Cr. | 64.6x | 7.3x | 11.2% | 14.1% |
Management
- Devjit Sarkar
- Chief Executive Officer, Whole Time Director
- Sanjay Wamanrao Kshirsagar
- Chief Executive Officer - Designate
- Mahesh Gupta
- Chief Financial Officer
- Nayan Jain
- Compliance Officer
- Rajesh Kumar Kapila
- Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.