Swaraj Engines Ltd - Stock Valuation and Financial Performance

BSE: 500407 | NSE: SWARAJENG | Diesel Engines | Small Cap

Swaraj Engines Share Price

2,926 7.35 0.25%
as on 21-Nov'24 16:00

DeciZen - make an informed investing decision on Swaraj Engines

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Swaraj Engines stock performance -

mw4me loader
P/E Ratio (SA):
23.97
Market Cap:
3,545.4 Cr.
52-wk low:
2,121.5
52-wk high:
3,469.5

Is Swaraj Engines Ltd an attractive stock to invest in?

1. Is Swaraj Engines Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Swaraj Engines Ltd is a good quality company.

2. Is Swaraj Engines Ltd undervalued or overvalued?

The key valuation ratios of Swaraj Engines Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Swaraj Engines Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Swaraj Engines Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Swaraj Engines:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Swaraj Engines Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 36.9%32.1%38.6%48.3%54.7%39.3%48.2%50.1%55.5%52.1%-
Value Creation
Index
1.61.31.82.52.91.82.42.63.02.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5405266667718727739871,1381,4221,4191,513
Sales YoY Gr.--2.6%26.7%15.8%13%-11.3%27.6%15.4%24.9%-0.2%-
Adj EPS 41.641.355.46667.858.675.889.3109.7112.9121.8
YoY Gr.--0.7%34.1%19.2%2.8%-13.7%29.5%17.7%22.8%3%-
BVPS (₹) 170.8212227.9188195.7193.9230.7251.6281.6303.3281.4
Adj Net
Profit
51.651.368.78082.371.192.1108133137148
Cash Flow from Ops. 55.66382.389.368.899.628100133142-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.3%10.2%12.9%-0.2%
Adj EPS 11.7%10.7%14.2%3%
BVPS6.6%9.2%9.6%7.7%
Share Price 12% 21.8% 18.3% 35.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
24.521.625.131.335.33035.73741.138.641.6
Op. Profit
Mgn %
13.81415.615.815.11313.813.713.113.313.4
Net Profit
Mgn %
9.69.810.310.49.49.29.39.59.49.79.8
Debt to
Equity
00000000000
Working Cap
Days
3953737155616172707149
Cash Conv.
Cycle
-13-18-22-27-25-30-1603126

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 41.60%

Sales growth is growing at healthy rate in last 3 years 12.89%

Net Profit is growing at healthy rate in last 3 years 14.18%

Sales growth is not so good in last 4 quarters at 5.42%

Latest Financials - Swaraj Engines Ltd.

Standalone Consolidated
TTM EPS (₹) 121.8 -
TTM Sales (₹ Cr.) 1,513 -
BVPS (₹.) 281.4 -
Reserves (₹ Cr.) 330 -
P/BV 10.37 -
PE 23.97 -
From the Market
52 Week Low / High (₹) 2121.50 / 3469.45
All Time Low / High (₹) 25.00 / 3469.45
Market Cap (₹ Cr.) 3,545
Equity (₹ Cr.) 12.2
Face Value (₹) 10
Industry PE 44.3

Management X-Ray of Swaraj Engines:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Swaraj Engines

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales5405266667718727739871,1381,4221,419
Operating Expenses 4654525626507406738519831,2361,232
Manufacturing Costs19182225272425283234
Material Costs4093964965746575927668901,1341,121
Employee Cost 31273135394243444443
Other Costs 6111315171417212734
Operating Profit 7574104122132100136155186187
Operating Profit Margin (%) 13.8%14.0%15.6%15.8%15.1%13.0%13.7%13.7%13.1%13.2%
Other Income 1616181915139101315
Interest 0001000000
Depreciation 13141617202020181917
Exceptional Items 0000000000
Profit Before Tax 787610512312793124147180185
Tax 26253743452232374647
Profit After Tax 52516980827193109134138
PAT Margin (%) 9.6%9.8%10.3%10.4%9.5%9.2%9.4%9.6%9.4%9.7%
Adjusted EPS (₹)41.741.355.466.168.058.676.290.2110.0113.5
Dividend Payout Ratio (%)79%80%78%76%74%68%91%89%84%84%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 212263283228237235280305342368
Share Capital 12121212121212121212
Reserves 200251271216225223268293330356
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables4854709810499164130166158
Others Liabilities 65191921252115262727
Total Liabilities 325337372347366355458461535554

Fixed Assets

Gross Block163193197207238252259267253229
Accumulated Depreciation8092105115130148168173166153
Net Fixed Assets84101929210810392958775
CWIP 50063412238
Investments 421149768411134362620
Inventories33282632473762627071
Trade Receivables771315194113104128120
Cash Equivalents 1401084947321811791109176
Others Assets1581143797277397211354
Total Assets 325337372347366355458461535554

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 566382896910028100133142
PBT 787610512312793124147180185
Adjustment -3-20-15812974
Changes in Working Capital 8131511-1923-72-18-61
Tax Paid -27-24-38-43-45-25-36-38-48-47
Cash Flow From Investing Activity -11-14-32474-2756-48-38-30
Capex -16-27-6-22-33-16-5-18-11-46
Net Investments -10-3-427448-854-50-3233
Others 161617-4-11-38205-17
Cash Flow From Financing Activity -51-49-49-136-73-73-49-84-97-112
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000-1000000
Dividend Paid -51-49-49-64-73-73-49-84-97-112
Others 000-71000000
Net Cash Flow -60110036-32-21
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)24.5721.5925.231.3535.4230.0635.9337.441.2738.81
ROCE (%)36.8932.0838.5848.3454.6639.2948.2150.1355.5152.12
Asset Turnover Ratio1.811.792.112.212.442.142.432.472.852.61
PAT to CFO Conversion(x)1.081.241.191.110.841.410.30.920.991.03
Working Capital Days
Receivable Days44577522353032
Inventory Days24191313172018201718
Payable Days48474654566363604853

Swaraj Engines Ltd Stock News

Swaraj Engines Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Swaraj Engines on 21-Nov-2024 16:00 is ₹2,926.
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 21-Nov-2024 16:00 the market cap of Swaraj Engines stood at ₹3,545.4.
The latest P/E ratio of Swaraj Engines as of 21-Nov-2024 16:00 is 23.97.
The latest P/B ratio of Swaraj Engines as of 21-Nov-2024 16:00 is 10.37.
The 52-week high of Swaraj Engines is ₹3,469.5 and the 52-week low is ₹2,121.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swaraj Engines is ₹1,513 ( Cr.) .

About Swaraj Engines Ltd

Swaraj Engines (SEL) was started in 1986 in technical and financial collaboration with Kirloskar Oil Engines (KOEL) for manufacture of Diesel Engines.

SEL is a joint venture between erstwhile Punjab Tractors (PTL), which has since been merged with Mahindra & Mahindra (M&M) and Kirloskar Oil Engines. (KOEL). Originally set up to manufacture engines for PTL, in recent years SEL has also been a supplier of hi-tech engine components to Swaraj Mazda (SML).

Since start of commercial operations in 1989-90, SEL has supplied around 3,18,000 engines for fitment into “Swaraj” tractors. SEL’s engine business currently constitutes some 93% of the company’s product revenue. The balance 7% represents value of hitech engine components being supplied to SML for assembly of commercial vehicle engines.

SEL’s financial performance has been exceptional right from the beginning. Its operations have been characterised by a lean organisation structure, continuous improvement in process efficiencies and optimised resource utilisation.

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