About
Swaraj Engines Limited manufactures and sells diesel engines and its engine components, hi-tech engine, and spare parts for tractors in India. The company was incorporated in 1985 and is based in Mohali, India. Swaraj Engines Limited is a subsidiary of Mahindra & Mahindra Limited.
Key Metrics
as of Sep 2026Market Cap4,323 Cr
P/E21.20
Div Yield3.09 %
Book Value₹402.00
52w High₹4,545.00
52w Low₹3,300.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 588.00 | 546.00 | 473.00 | 504.00 | 484.00 | 454.00 | 346.00 | 464.00 | 418.00 | 351.00 | 280.00 | 389.00 | 400.00 |
| Expenses | 512.00 | 471.00 | 411.00 | 436.00 | 417.00 | 392.00 | 301.00 | 401.00 | 360.00 | 303.00 | 247.00 | 337.00 | 345.00 |
| Operating Profit | 77.00 | 75.00 | 62.00 | 68.00 | 67.00 | 62.00 | 44.00 | 63.00 | 58.00 | 48.00 | 33.00 | 52.00 | 55.00 |
| OPM % | 13.00 | 14.00 | 13.00 | 14.00 | 14.00 | 14.00 | 13.00 | 14.00 | 14.00 | 14.00 | 12.00 | 13.00 | 14.00 |
| Other Income | 4.00 | 4.00 | 0.00 | 5.00 | 6.00 | 5.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 | 3.00 | 5.00 |
| Depreciation | 6.00 | 5.00 | 6.00 | 6.00 | 5.00 | 5.00 | 5.00 | 6.00 | 5.00 | 4.00 | 4.00 | 5.00 | 5.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 75.00 | 73.00 | 56.00 | 67.00 | 67.00 | 61.00 | 43.00 | 61.00 | 58.00 | 47.00 | 32.00 | 51.00 | 55.00 |
| Tax % | 26.00 | 25.00 | 25.00 | 26.00 | 26.00 | 26.00 | 25.00 | 26.00 | 26.00 | 25.00 | 25.00 | 26.00 | 26.00 |
| Net Profit | 56.00 | 55.00 | 42.00 | 50.00 | 50.00 | 45.00 | 32.00 | 45.00 | 43.00 | 35.00 | 24.00 | 38.00 | 41.00 |
| EPS in Rs | 45.70 | 44.91 | 34.65 | 40.90 | 41.14 | 37.39 | 26.30 | 37.39 | 35.56 | 28.96 | 19.84 | 31.01 | 33.69 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,007.00 | 1,682.00 | 1,419.00 | 1,422.00 | 1,138.00 | 987.00 | 773.00 | 872.00 | 771.00 | 666.00 | 526.00 | 540.00 |
| Expenses | 1,735.00 | 1,455.00 | 1,231.00 | 1,235.00 | 983.00 | 851.00 | 673.00 | 740.00 | 650.00 | 562.00 | 452.00 | 465.00 |
| Operating Profit | 272.00 | 227.00 | 188.00 | 186.00 | 155.00 | 136.00 | 100.00 | 132.00 | 122.00 | 105.00 | 74.00 | 75.00 |
| OPM % | 14.00 | 14.00 | 13.00 | 13.00 | 14.00 | 14.00 | 13.00 | 15.00 | 16.00 | 16.00 | 14.00 | 14.00 |
| Other Income | 14.00 | 16.00 | 14.00 | 12.00 | 10.00 | 9.00 | 13.00 | 15.00 | 19.00 | 17.00 | 16.00 | 16.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 22.00 | 20.00 | 17.00 | 19.00 | 18.00 | 20.00 | 20.00 | 20.00 | 17.00 | 16.00 | 14.00 | 13.00 |
| Profit before tax | 264.00 | 223.00 | 185.00 | 180.00 | 147.00 | 124.00 | 93.00 | 127.00 | 123.00 | 105.00 | 76.00 | 78.00 |
| Tax % | 26.00 | 26.00 | 25.00 | 26.00 | 25.00 | 26.00 | 24.00 | 35.00 | 35.00 | 35.00 | 33.00 | 33.00 |
| Net Profit | 196.00 | 166.00 | 138.00 | 134.00 | 109.00 | 93.00 | 71.00 | 82.00 | 80.00 | 69.00 | 51.00 | 52.00 |
| EPS in Rs | 161.57 | 136.64 | 113.50 | 110.00 | 90.14 | 76.24 | 58.55 | 67.95 | 66.05 | 55.43 | 41.31 | 41.74 |
| Dividend Payout % | 68.00 | 76.00 | 84.00 | 84.00 | 89.00 | 91.00 | 68.00 | 74.00 | 76.00 | 78.00 | 80.00 | 79.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 |
| Reserves | 477.00 | 407.00 | 356.00 | 330.00 | 294.00 | 268.00 | 224.00 | 226.00 | 216.00 | 271.00 | 251.00 | 200.00 |
| Borrowings | 2.00 | 2.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 288.00 | 251.00 | 187.00 | 193.00 | 156.00 | 178.00 | 119.00 | 128.00 | 119.00 | 89.00 | 73.00 | 113.00 |
| Total Liabilities | 779.00 | 672.00 | 557.00 | 536.00 | 461.00 | 458.00 | 355.00 | 366.00 | 348.00 | 372.00 | 337.00 | 325.00 |
| Fixed Assets | 107.00 | 110.00 | 76.00 | 88.00 | 95.00 | 92.00 | 103.00 | 110.00 | 92.00 | 91.00 | 101.00 | 84.00 |
| CWIP | 55.00 | 5.00 | 38.00 | 2.00 | 2.00 | 1.00 | 4.00 | 2.00 | 6.00 | 1.00 | 0.00 | 5.00 |
| Investments | 19.00 | 19.00 | 20.00 | 26.00 | 36.00 | 34.00 | 111.00 | 84.00 | 76.00 | 49.00 | 11.00 | 42.00 |
| Other Assets | 598.00 | 538.00 | 423.00 | 420.00 | 329.00 | 331.00 | 136.00 | 170.00 | 173.00 | 231.00 | 224.00 | 195.00 |
| Total Assets | 779.00 | 672.00 | 557.00 | 536.00 | 461.00 | 458.00 | 355.00 | 366.00 | 348.00 | 372.00 | 337.00 | 325.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 117.00 | 177.00 | 142.00 | 133.00 | 100.00 | 28.00 | 100.00 | 69.00 | 89.00 | 82.00 | 63.00 | 56.00 |
| Cash from Investing Activity | 22.00 | -58.00 | -30.00 | -38.00 | -48.00 | 56.00 | -27.00 | 4.00 | 47.00 | -32.00 | -14.00 | -11.00 |
| Cash from Financing Activity | -128.00 | -116.00 | -112.00 | -97.00 | -84.00 | -49.00 | -73.00 | -73.00 | -136.00 | -49.00 | -49.00 | -51.00 |
| Net Cash Flow | 11.00 | 2.00 | 1.00 | -2.00 | -32.00 | 36.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | -6.00 |
| Free Cash Flow | 47.00 | 152.00 | 97.00 | 122.00 | 82.00 | 23.00 | 84.00 | 35.00 | 67.00 | 76.00 | 36.00 | 39.00 |
| CFO/OP % | 68.00 | 103.00 | 101.00 | 97.00 | 89.00 | 47.00 | 124.00 | 86.00 | 109.00 | 115.00 | 118.00 | 111.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 37.00 | 38.00 | 31.00 | 33.00 | 33.00 | 42.00 | 2.00 | 8.00 | 7.00 | 7.00 | 5.00 | 5.00 |
| Inventory Days | 17.00 | 22.00 | 23.00 | 22.00 | 25.00 | 29.00 | 23.00 | 26.00 | 20.00 | 19.00 | 26.00 | 30.00 |
| Days Payable | 58.00 | 61.00 | 52.00 | 53.00 | 53.00 | 78.00 | 61.00 | 58.00 | 63.00 | 52.00 | 50.00 | 43.00 |
| Cash Conversion Cycle | -3.00 | -1.00 | 2.00 | 2.00 | 5.00 | -7.00 | -36.00 | -24.00 | -35.00 | -25.00 | -19.00 | -9.00 |
| Working Capital Days | 28.00 | 9.00 | 12.00 | 17.00 | 16.00 | 13.00 | 2.00 | 6.00 | 3.00 | 54.00 | 34.00 | -38.00 |
| ROCE % | 58.00 | 56.00 | 52.00 | 55.00 | 50.00 | 48.00 | 39.00 | 55.00 | 47.00 | 39.00 | 32.00 | 37.00 |
Corporate Actions
34 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 03 Jul 2026 | 03 Jul 2026 | — | 110.00 | |
| Dividend | 27 Jun 2025 | 27 Jun 2025 | — | 104.50 | |
| Dividend | 28 Jun 2024 | — | — | 95.00 | |
| Dividend | 07 Jul 2023 | — | — | 92.00 | |
| Dividend | 30 Jun 2022 | — | — | 80.00 | |
| Dividend | 01 Jul 2021 | — | — | 19.00 | NSE/BSE dividend mismatch: BSE/NSE=50.0; BSE/NSE=19.0 |
| Dividend | 01 Jul 2021 | — | — | 50.00 | NSE/BSE dividend mismatch: BSE/NSE=50.0; BSE/NSE=19.0 |
| Dividend | 02 Jul 2020 | — | — | 15.00 | NSE/BSE dividend mismatch: BSE/NSE=25.0; BSE/NSE=15.0 |
| Dividend | 02 Jul 2020 | — | — | 25.00 | NSE/BSE dividend mismatch: BSE/NSE=25.0; BSE/NSE=15.0 |
| Dividend | 11 Jul 2019 | — | — | 25.00 | |
| Dividend | 12 Jul 2018 | — | — | 25.00 | |
| Other | 11 Jan 2018 | 12 Jan 2018 | — | — | Buy Back of Shares |
| Other | 11 Jan 2018 | 12 Jan 2018 | — | — | Buyback |
| Dividend | 06 Jul 2017 | — | — | 25.00 | NSE/BSE dividend mismatch: BSE/NSE=18.0; BSE/NSE=25.0 |
| Dividend | 06 Jul 2017 | — | — | 18.00 | NSE/BSE dividend mismatch: BSE/NSE=18.0; BSE/NSE=25.0 |
| Dividend | 07 Jul 2016 | — | — | 15.00 | |
| Dividend | 07 Jul 2016 | — | — | 18.00 | |
| Other | 07 Jul 2016 | — | — | — | Final Dividend - Rs 15/- And Special Dividend - Rs. 18/- |
| Dividend | 09 Jul 2015 | — | — | 18.00 | NSE/BSE dividend mismatch: BSE/NSE=15.0; BSE/NSE=18.0 |
| Dividend | 09 Jul 2015 | — | — | 15.00 | NSE/BSE dividend mismatch: BSE/NSE=15.0; BSE/NSE=18.0 |
| Dividend | 10 Jul 2014 | — | — | 20.00 | NSE/BSE dividend mismatch: BSE/NSE=15.0; BSE/NSE=20.0 |
| Dividend | 10 Jul 2014 | — | — | 15.00 | NSE/BSE dividend mismatch: BSE/NSE=15.0; BSE/NSE=20.0 |
| Dividend | 11 Jul 2013 | — | — | 13.00 | NSE/BSE dividend mismatch: BSE/NSE=20.0; BSE=13.0 |
| Dividend | 11 Jul 2013 | — | — | 20.00 | NSE/BSE dividend mismatch: BSE/NSE=20.0; BSE=13.0 |
| Dividend | 12 Jul 2012 | — | — | 13.00 | |
| Dividend | 14 Jul 2011 | — | — | 10.00 | |
| Dividend | 14 Jul 2010 | — | — | 8.00 | |
| Dividend | 02 Jun 2009 | — | — | 5.00 | |
| Dividend | 03 Jun 2008 | — | — | 5.00 | |
| Other | 06 Sep 2007 | — | — | — | Agm |
| Dividend | 30 Aug 2006 | — | — | 7.50 | |
| Dividend | 06 Jul 2005 | — | — | 22.50 | |
| Dividend | 20 Aug 2001 | — | — | 22.50 | |
| Dividend | 18 Jul 2000 | — | — | 6.00 |