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  7. Swaraj Engines Ltd
Financial RatiosPE RatioShareholdingDividendQuarterly ResultsBalance SheetProfit & LossCash Flow

Swaraj Engines Ltd Stock Price Today (NSE: SWARAJENG)

Swaraj Engines Ltd

SWARAJENGCompressors, Pumps & Diesel Engines
₹4066.10+₹29.90 (+0.74%)↑
As on 21 Apr 2026, 05:38 am ISTMarket Open

Fundamental Score

...

Swaraj Engines Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Swaraj Engines Ltd share price today is ₹4066.10, up +0.74% on NSE/BSE as of 21 April 2026. Swaraj Engines Ltd (SWARAJENG) is a Small-cap company in the Compressors, Pumps & Diesel Engines sector with a market capitalisation of ₹4.74K (Cr). The 52-week high for SWARAJENG share price is ₹4720.00 and the 52-week low is ₹3301.30. At a P/E ratio of 26.76x, SWARAJENG is currently trading below its industry average P/E of 40.97x. The company has a Return on Equity (ROE) of 41.94% and a debt-to-equity ratio of 0.00.

Swaraj Engines Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
₹0.00
Low
₹0.00
Volume
0
Change
+0.74%

Institutional Deep-Dive

Bull Run Research Hub

Live Price:₹4066.10— Analysis below may reference an earlier price snapshot.

Swaraj Engines Share Price Analysis: High ROCE & Competitive Edge

The compressors, pumps, and diesel engines sector is currently experiencing a bifurcated trend. While advanced emission norms are pushing innovation in electric and hybrid alternatives, a significant demand persists in agriculture and construction for reliable, traditional diesel engines. This analysis focuses on Swaraj Engines share price (₹3547.899902) and its financial health, particularly its impressive Return on Capital Employed (ROCE) within this context.

Swaraj Engines Ltd boasts a PE ratio of 26.76, placing it in a competitive landscape alongside sector peers like Greaves Cotton Ltd, Ingersoll Rand India Ltd, and Kirloskar Oil Engines Ltd. However, Swaraj Engines distinguishes itself with a remarkably high ROCE of 56.21%. This significantly outperforms many of its competitors and indicates a highly efficient use of capital in generating profits. The high ROCE suggests strong operational efficiency and effective capital allocation by the company.

The exceptionally high ROCE of 56.21% plays a crucial role in establishing a strong economic moat for Swaraj Engines. It demonstrates the company's ability to generate substantial returns on its investments, making it difficult for competitors to replicate its performance without significant capital expenditure and operational expertise. A robust ROCE also suggests a strong pricing power and potentially a loyal customer base. Furthermore, contrasting Swaraj Engines Ltd with peers such as Greaves Cotton Ltd concerning management quality could offer further insight into the drivers of this superior ROCE. A deeper dive into areas like strategic decision-making and operational execution could uncover valuable factors contributing to their success.

It is important to note that the PE ratio, while a standard metric, only provides a snapshot of valuation relative to earnings. A more comprehensive view necessitates examining debt levels, revenue growth, and future growth prospects. This observational analysis is part of a comprehensive 80-parameter fundamental audit, verified by Sweta Mishra, designed to provide a thorough assessment of Swaraj Engines' financial standing and competitive position within the Compressors, Pumps & Diesel Engines sector. This analysis is for informational purposes only and should not be construed as investment advice.

SM
Analysis by Sweta Mishra
SEBI Registered Research Analyst

Swaraj Engines Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
2 Apr 26₹3400.00₹3565.00₹3352.60₹3543.7016.29K (Cr)
1 Apr 26₹3380.00₹3455.80₹3326.00₹3421.4018.00K (Cr)
30 Mar 26₹3400.00₹3425.00₹3301.30₹3308.9019.54K (Cr)
27 Mar 26₹3470.20₹3500.90₹3418.00₹3428.0015.83K (Cr)
25 Mar 26₹3448.60₹3550.00₹3447.60₹3510.308.13K (Cr)
24 Mar 26₹3451.00₹3545.00₹3388.20₹3434.4013.57K (Cr)
23 Mar 26₹3550.00₹3550.00₹3381.20₹3420.4018.82K (Cr)
20 Mar 26₹3635.90₹3643.00₹3555.00₹3560.606.39K (Cr)
19 Mar 26₹3678.00₹3678.00₹3562.50₹3581.2010.47K (Cr)
18 Mar 26₹3552.50₹3725.00₹3536.00₹3702.0022.44K (Cr)

Swaraj Engines Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
Apr 2026₹3380.00₹3565.00₹3326.00₹3543.70+4.84%
Mar 2026₹3501.00₹3725.00₹3301.30₹3308.90-5.49%
Feb 2026₹3460.00₹3759.00₹3435.00₹3595.30+3.91%
Jan 2026₹3596.90₹3777.00₹3386.20₹3462.70-3.73%
Dec 2025₹3779.40₹3941.00₹3495.30₹3577.50-5.34%
Nov 2025₹3999.20₹4047.10₹3560.00₹3730.10-6.73%
Oct 2025₹4166.50₹4437.40₹3940.70₹4000.90-3.97%
Sept 2025₹4034.40₹4545.00₹4011.80₹4134.60+2.48%
Aug 2025₹4190.00₹4209.50₹3852.00₹4011.60-4.26%
Jul 2025₹3980.00₹4720.00₹3886.10₹4194.40+5.39%
Jun 2025₹3910.00₹4242.00₹3837.90₹3948.60+0.99%
May 2025₹4079.90₹4215.20₹3831.00₹3928.20-3.72%

AI Research Briefing

Powered by Gemini · 2026-04-10

Decent tractor play, but single-customer risk makes it an AVOID.

Research Confidence
5.0/10Moderate
COMPOUNDERCMP is -16.9% from 52W high. 1M: -2.46% | 3M: -3.85% | 6M: -0.48%P/E of 26.76x vs Industry P/E of 40.97x - Fairly valued.

⚡WHAT'S HAPPENING NOW (last 2-4 weeks):

Board meeting scheduled for April 13, 2026, to approve FY26 results and consider a dividend. No major catalysts found after live search.

�� CORE STORY (THE REAL GAME):

Swaraj Engines is a play on the Indian tractor market, specifically as a key supplier to Mahindra & Mahindra's farm equipment sector. It's a captive play, not a broad engine manufacturer.

�� WHAT IS DRIVING THE STOCK:

Tractor demand in India: As a supplier to Mahindra, Swaraj Engines' performance is tied to the tractor sales.

Dividend yield: With a dividend yield of 2.68%, it offers some downside protection.

⚖️ BULL vs BEAR:

Bull:Strong tractor demand continues, leading to higher engine sales and increased profitability. High ROE (41.94%) and ROCE (56.21%) indicate efficient capital allocation.

Bear:Dependence on a single customer (Mahindra) creates revenue concentration risk. Any slowdown in tractor sales or change in supplier agreements could severely impact revenue. Small-cap = liquidity risk.

�� WHAT MARKET IS PRICING:

Market is pricing in continued steady growth in tractor demand and Swaraj Engines' ability to maintain its margins. A significant miss in earnings or a change in the relationship with Mahindra could trigger a sharp correction.

�� BOTTOM LINE:

Swaraj Engines is a decent tractor play but single-customer risk makes it an AVOID.

Why Now
  • Upcoming results on April 13, 2026
  • High ROE and ROCE
  • Dividend yield of 2.68%
Potential Catalysts
  • Better-than-expected tractor sales data
  • Increase in dividend payout
  • New customer acquisition
Key Risks
  • Single customer concentration (Mahindra)
  • Small-cap = liquidity risk
  • Dependence on tractor market
Institutional Activity

FII decreased holdings from 3.93% to 3.15% in Dec 2025. DII increased holdings from 9.65%.

Macro Context

Sensitive to industrial demand cycles and infrastructure growth.

Cash Flow Quality

Free Cash Flow 5Y: ₹475.66 Cr.

3–6 Month Outlook

Dependence on tractor sales makes it vulnerable to cyclical downturns. Need to diversify revenue streams.

Primary Thesis Risk

Reliance on Mahindra for revenue poses a significant risk.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Excellent

ROE

41.94%
Excellent

ROCE

56.21%
Excellent

OPM (5Y)

13.43%
Good

Div Yield

2.68%

Swaraj Engines Ltd Valuation Check

Excellent

P/E Ratio

26.76x
Poor

Industry P/E

40.97x
Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Market Cap

4.74K (Cr)

Shareholding Pattern

Excellent

Promoter

52.12%
Poor

FII

3.93%
Average

DII

9.65%
Excellent

Pledged

0.00%

Growth Engine

Poor

Profit Growth (Q)

9.38%
Poor

Sales Growth (Q)

8.57%
Excellent

Sales Growth (5Y)

16.81%
Excellent

EPS Growth (5Y)

18.80%
Excellent

Profit Growth (5Y)

18.83%

Balance Sheet Health

Excellent

Debt to Equity

0.00x
Excellent

Int. Coverage

627.21x

Free Cash Flow (5Y)

475.66 (Cr)

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Swaraj Engines Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of SWARAJENG across key market metrics for learning purposes.

Positive Indicators

11 factors identified

Strong Return on Equity (41.94%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (56.21%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Attractive Valuation (P/E: 26.76 vs Industry: 40.97)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Consistent Growth Track Record (16.81% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Excellent EPS Growth (18.80% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (18.83% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Debt-Free Balance Sheet (D/E: 0.00)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (627.21x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Strong Cash Generation (₹475.66 Cr over 5Y)

Observation: Healthy free cash flow generation supports growth and returns.

Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.

Balanced Promoter Holding (52.12%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

0 factors identified

No significant concerns identified in current analysis.

Peer Comparison - Compressors, Pumps & Diesel Engines

Compare Swaraj Engines Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Overall score
Valuation
Price metrics
Profitability
Return metrics
Financial Health
Debt management
Growth
5Y performance
Dividend
Yield %
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
Swaraj Engines LtdSwaraj Engines ...Selected✓
SWARAJENG • 500407
65.9/100
₹4066.10₹4066
₹4737.69₹4737.69
26.76Average
26.8
Average
41.94%Excellent
41.94%
Excellent
56.21%Excellent
56.21%
Excellent
0.00Excellent
0.0
Excellent
18.83%Excellent
18.83%
Excellent
16.81%Excellent
16.81%
Excellent
2.68%
Cummins India LtdCummins India L...
CUMMINSIND • 500480
71.7/100
₹5200.30₹5200
₹125949.76₹125949.76
54.65Average
54.6
Average
28.15%Excellent
28.15%
Excellent
0.00%Poor
0.00%
Poor
0.00Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Kirloskar Oil Engines LtdKirloskar Oil E...
KIRLOSENG • 533293
60.8/100
₹1639.90₹1640
₹16257.45₹16257.45
33.40Average
33.4
Average
15.40%Good
15.40%
Good
0.00%Poor
0.00%
Poor
1.64Average
1.6
Average
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Elgi Equipments LtdElgi Equipments...
ELGIEQUIP • 522074
61.1/100
₹551.95₹552
₹15837.80₹15837.80
40.65Average
40.6
Average
20.06%Excellent
20.06%
Excellent
0.00%Poor
0.00%
Poor
0.26Excellent
0.3
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Kirloskar Brothers LimitedKirloskar Broth...
KIRLOSBROS • 500241
55.4/100
₹1736.30₹1736
₹13406.58₹13406.58
33.85Average
33.9
Average
21.62%Excellent
21.62%
Excellent
0.00%Poor
0.00%
Poor
0.10Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
KSB LtdKSB Ltd...
KSB • 500249
63.1/100
₹980.00₹980
₹12967.94₹12967.94
49.38Average
49.4
Average
17.72%Good
17.72%
Good
0.00%Poor
0.00%
Poor
0.00Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Ingersoll Rand India LtdIngersoll Rand ...
INGERRAND • 500210
62.4/100
₹4148.60₹4149
₹11745.81₹11745.81
44.38Average
44.4
Average
45.01%Excellent
45.01%
Excellent
0.00%Poor
0.00%
Poor
0.02Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Shakti Pumps India LtdShakti Pumps In...
SHAKTIPUMP • 531431
66.5/100
₹558.25₹558
₹8149.18₹8149.18
20.28Average
20.3
Average
42.64%Excellent
42.64%
Excellent
0.00%Poor
0.00%
Poor
0.38Excellent
0.4
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Kirloskar Pneumatic Company LtdKirloskar Pneum...
KIRLPNU • 505283
50.5/100
₹1363.80₹1364
₹6959.84₹6959.84
36.49Average
36.5
Average
21.12%Excellent
21.12%
Excellent
0.00%Poor
0.00%
Poor
0.00Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Oswal Pumps LimitedOswal Pumps Lim...
OSWALPUMPS • 544418
51.1/100
₹424.10₹424
₹6080.78₹6080.78
18.07Average
18.1
Average
87.50%Excellent
87.50%
Excellent
0.00%Poor
0.00%
Poor
0.08Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Greaves Cotton LtdGreaves Cotton ...
GREAVESCOT • 501455
36.6/100
₹157.88₹158
₹4569.18₹4569.18
44.15Average
44.1
Average
4.11%Poor
4.11%
Poor
0.00%Poor
0.00%
Poor
0.13Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%

Swaraj Engines Ltd Financial Statements

Comprehensive financial data for Swaraj Engines Ltd including income statement, balance sheet and cash flow

About SWARAJENG (Swaraj Engines Ltd)

Swaraj Engines Ltd is a prominent player in the Indian engineering sector, specializing in the design, development, and manufacture of robust diesel engines. Renowned for their rel...iability and efficiency, Swaraj engines are primarily utilized in agricultural tractors, contributing significantly to the mechanization of Indian farms. The company's commitment to quality and durability has cemented its position as a trusted supplier to leading tractor manufacturers. Beyond complete engine assemblies, Swaraj Engines also produces a range of essential engine components, maintaining stringent quality control throughout the entire production process. The company continuously invests in research and development to improve engine performance, reduce emissions, and enhance fuel efficiency, addressing the evolving needs of the agricultural industry and meeting increasingly stringent environmental standards. The company's operational focus extends beyond simply manufacturing engines; it encompasses a holistic approach to providing comprehensive solutions. This includes offering after-sales service and support to ensure optimal engine performance and longevity. Swaraj Engines has cultivated a strong reputation for its responsiveness to customer needs and its dedication to delivering reliable and cost-effective power solutions. The company's state-of-the-art manufacturing facility is equipped with advanced technology and employs skilled engineers and technicians who are committed to upholding the highest standards of quality and precision. This dedication to excellence is reflected in the performance and durability of Swaraj engines, making them a preferred choice for tractor manufacturers seeking reliable and efficient power sources. Swaraj Engines operates with a firm commitment to sustainable practices, actively pursuing initiatives to minimize its environmental footprint. This includes optimizing manufacturing processes to reduce waste, investing in energy-efficient technologies, and developing engines that meet stringent emission standards. By prioritizing environmental responsibility, Swaraj Engines demonstrates its commitment to a greener future for the agricultural sector and the broader community. The company's dedication to innovation, quality, and sustainability positions it as a key contributor to the growth and advancement of the Indian agricultural machinery industry, and ensures its continued success in the competitive market for diesel engines and related components.

Company Details

Symbol:SWARAJENG
Industry:Compressors, Pumps & Diesel Engines
Sector:Compressors, Pumps & Diesel Engines
Website:https://www.swarajenterprise.com

Key Leadership

Mr. Devjit Sarkar
Whole Time Director & CEO
Mr. Mahesh Gupta
Chief Financial Officer
Ms. Geeta Kharat
Compliance Officer

Corporate Events

Recent
Ex-Dividend Date
2025-06-27

SWARAJENG Share Price: Frequently Asked Questions

What is the current share price of Swaraj Engines Ltd?

As of 21 Apr 2026, 05:38 am IST, Swaraj Engines Ltd share price is ₹4066.10. The Swaraj Engines Ltd stock has a market capitalisation of ₹4.74K (Cr) on NSE/BSE.

Is Swaraj Engines Ltd share price Overvalued or Undervalued?

Swaraj Engines Ltd share price is currently trading at a P/E ratio of 26.76x, compared to the industry average of 40.97x. Based on this relative valuation, the Swaraj Engines Ltd stock appears to be Undervalued against its sector peers.

What is the 52-week high and low of Swaraj Engines Ltd share price?

The 52-week high of Swaraj Engines Ltd share price is ₹4720.00 and the 52-week low is ₹3301.30. These values are updated daily from NSE/BSE price data.

What factors affect the Swaraj Engines Ltd share price?

Key factors influencing Swaraj Engines Ltd share price include quarterly earnings growth (Sales Growth: 8.57%), raw material costs, government spending, and institutional flows (FII/DII holding).

Is Swaraj Engines Ltd a good stock for long-term investment?

Swaraj Engines Ltd shows a 5-year Profit Growth of 18.83% and an ROE of 41.94%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.00 before investing in Swaraj Engines Ltd shares.

How does Swaraj Engines Ltd compare with its industry peers?

Swaraj Engines Ltd competes with major peers in the Compressors, Pumps & Diesel Engines. Investors should compare Swaraj Engines Ltd share price P/E of 26.76x and ROE of 41.94% against the industry averages to determine competitive standing.

What is the P/E ratio of Swaraj Engines Ltd and what does it mean?

Swaraj Engines Ltd share price has a P/E ratio of 26.76x compared to the industry average of 40.97x. Investors pay ₹27 for every ₹1 of annual earnings.

How is Swaraj Engines Ltd performing according to Bull Run's analysis?

Swaraj Engines Ltd has a Bull Run fundamental score of 65.9/100, indicating moderate strength with some areas for improvement. This comprehensive rating is based on 15+ financial parameters.

What sector and industry does Swaraj Engines Ltd belong to?

Swaraj Engines Ltd operates in the Compressors, Pumps & Diesel Engines industry. This classification helps understand the competitive landscape and sector-specific trends affecting Swaraj Engines Ltd share price.

What is Return on Equity (ROE) and why is it important for SWARAJENG?

SWARAJENG has an ROE of 41.94%, which indicates excellent management efficiency. ROE measures how efficiently Swaraj Engines Ltd generates profits from shareholders capital.

How is SWARAJENG debt-to-equity ratio and what does it indicate?

SWARAJENG has a debt-to-equity ratio of 0.00, which indicates conservative financing with low financial risk.

What is SWARAJENG dividend yield and is it a good dividend stock?

SWARAJENG offers a dividend yield of 2.68%, meaning you receive ₹2.68 annual dividend for every ₹100 invested in Swaraj Engines Ltd shares.

How has SWARAJENG share price grown over the past 5 years?

SWARAJENG has achieved 5-year growth rates of: Sales Growth 16.81%, Profit Growth 18.83%, and EPS Growth 18.80%.

What is the promoter holding in SWARAJENG and why does it matter?

Promoters hold 52.12% of SWARAJENG shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Swaraj Engines Ltd.

What is SWARAJENG market capitalisation category?

SWARAJENG has a market capitalisation of ₹4738 crores, placing it in the Small-cap category.

How volatile is SWARAJENG stock?

SWARAJENG has a beta of N/A. A beta > 1 suggests the Swaraj Engines Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.

What is SWARAJENG operating profit margin trend?

SWARAJENG has a 5-year average Operating Profit Margin (OPM) of 13.43%, indicating the company's operational efficiency.

How is SWARAJENG quarterly performance?

Recent quarterly performance shows Swaraj Engines Ltd YoY Sales Growth of 8.57% and YoY Profit Growth of 9.38%.

What is the institutional holding pattern in SWARAJENG?

SWARAJENG has FII holding of 3.93% and DII holding of 9.65%. Significant institutional holding often suggests professional confidence in the Swaraj Engines Ltd stock.

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