Swaraj Engines Limited

NSE: SWARAJENG · Compressors, Pumps & Diesel Engines

52W Range₹3,301 ₹4,545

Snapshot

Unlock Swaraj Engines Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Swaraj Engines Limited specialises in the manufacturing and supply of diesel engines, engine components, and spare parts primarily for the tractor industry. Based in Mohali, the company has been operating since 1985 to support agricultural machinery requirements in India.

Business Model

The company generates revenue through the production and sale of diesel engines and related components, functioning largely as a key supplier to tractor manufacturers. Its business model relies on maintaining operational efficiency and strong supply chain integration within the agricultural equipment sector.

Growth Outlook

Growth is primarily driven by the demand for mechanisation in the Indian agricultural sector and the replacement cycle for tractor engine components. Future performance remains tied to the overall health of the tractor market and seasonal agricultural output.

Key Risks

  • Cyclicality of Agricultural Demand. The company's performance is highly sensitive to the tractor industry, which fluctuates based on monsoon patterns and rural economic conditions.
  • Concentration Risk. Heavy reliance on a limited number of tractor manufacturers for revenue makes the company vulnerable to the performance and procurement strategies of its primary clients.
  • Input Cost Volatility. Fluctuations in the prices of raw materials, particularly steel and other metals, can significantly impact manufacturing margins.
  • Regulatory Changes. Stricter emission norms for diesel engines may necessitate continuous capital expenditure and technological upgrades to maintain compliance.

Price

Start your research today

Unlock AI insights, financials, peers and live data on Swaraj Engines Limited and 5,000+ companies — free.

Start your research

Key Metrics

REVENUE

₹2,007 Cr

TTM · standalone

+19.3%YoY

NET PROFIT

₹196 Cr

TTM · standalone

+18.3%YoY

EPS

₹161.60

TTM · standalone

+18.3%YoY

RETURN ON EQUITY

45.0%

TTM · standalone

+1.5 ppYoY

RETURN ON CAPITAL EMPLOYED

59.2%

TTM · standalone

+1.8 ppYoY

P/E

23.1x

Q4 FY26 · standalone

23.1 vs 32.7x5Y avg

EV/EBITDA

15.6x

Q4 FY26 · standalone

15.6 vs 22.0x5Y avg

EBITDA MARGIN

14.4%

TTM · standalone

-0.1 ppYoY

NET PROFIT MARGIN

10.0%

Q4 FY26 · standalone

+0.0 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · standalone

+0.00xYoY

Peers · Compressors, Pumps & Diesel Engines

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Swaraj Engines LimitedSWARAJENG
4,30023.0915.5819.3%14.4%45.0%59.2%-19.0%
Kirloskar Pneumatic Company LimitedKIRLPNU
7,02144.4229.0821.5%22.4%28.9%+15.2%
Shakti Pumps (India) LimitedSHAKTIPUMP
6,00926.1015.317.2%16.6%19.9%30.1%-41.2%
Oswal PumpsOSWALPUMPS
3,51411.946.8225.9%49.0%63.8%-41.2%
Greaves Cotton LimitedGREAVESCOT
3,07255.6221.1317.8%8.4%2.5%8.0%+21.0%
Roto PumpsROTO
1,02655.4622.28-4.5%19.8%11.0%16.6%-29.2%

As of Q4 FY26

Financials