Is Swaraj Engines a good quality company?

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

Is Swaraj Engines 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 .

What is Swaraj Engines share price return in the past 10 years?

Swaraj Engines Ltd share price has appreciated 12.3% annually (CAGR) over the past ten years.

Is Swaraj Engines a good buy now?

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

Swaraj Engines Ltd - Stock Valuation and Financial Performance

Name: Swaraj Engines
Brand: Swaraj Engines

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

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Swaraj Engines Share Price

₹3,047.70 4.25 0.14%
as on 07-Nov'24 00:00

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	36.9%	32.1%	38.6%	48.3%	54.7%	39.3%	48.2%	50.1%	55.5%	52.1%	-
Value Creation Index ⓘ	1.6	1.3	1.8	2.5	2.9	1.8	2.4	2.6	3.0	2.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	540	526	666	771	872	773	987	1,138	1,422	1,419	1,513
Sales YoY Gr.	-	-2.6%	26.7%	15.8%	13%	-11.3%	27.6%	15.4%	24.9%	-0.2%	-
Adj EPS ⓘ	41.6	41.3	55.4	66	67.8	58.6	75.8	89.3	109.7	112.9	121.8
YoY Gr.	-	-0.7%	34.1%	19.2%	2.8%	-13.7%	29.5%	17.7%	22.8%	3%	-
BVPS (₹) ⓘ	170.8	212	227.9	188	195.7	193.9	230.7	251.6	281.6	303.3	281.4
Adj Net Profit ⓘ	51.6	51.3	68.7	80	82.3	71.1	92.1	108	133	137	148
Cash Flow from Ops. ⓘ	55.6	63	82.3	89.3	68.8	99.6	28	100	133	142	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

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%
BVPSⓘ	6.6%	9.2%	9.6%	7.7%
Share Price	12.3%	22.5%	21%	50.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	24.5	21.6	25.1	31.3	35.3	30	35.7	37	41.1	38.6	41.6
Op. Profit Mgn % ⓘ	13.8	14	15.6	15.8	15.1	13	13.8	13.7	13.1	13.3	13.4
Net Profit Mgn % ⓘ	9.6	9.8	10.3	10.4	9.4	9.2	9.3	9.5	9.4	9.7	9.8
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	39	53	73	71	55	61	61	72	70	71	49
Cash Conv. Cycle ⓘ	-13	-18	-22	-27	-25	-30	-16	0	3	1	26

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 ⓘ	10.82	-
PE ⓘ	25.02	-

From the Market
52 Week Low / High (₹)	2004.60 / 3469.45
All Time Low / High (₹)	25.00 / 3469.45
Market Cap (₹ Cr.)	3,700
Equity (₹ Cr.)	12.2
Face Value (₹)	10
Industry PE ⓘ	49.2

Management X-Ray of Swaraj Engines:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Swaraj Engines

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Swaraj Engines

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	540	526	666	771	872	773	987	1,138	1,422	1,419
Operating Expenses ⓘ	465	452	562	650	740	673	851	983	1,236	1,232
Manufacturing Costs	19	18	22	25	27	24	25	28	32	34
Material Costs	409	396	496	574	657	592	766	890	1,134	1,121
Employee Cost	31	27	31	35	39	42	43	44	44	43
Other Costs ⓘ	6	11	13	15	17	14	17	21	27	34
Operating Profit ⓘ	75	74	104	122	132	100	136	155	186	187
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 ⓘ	16	16	18	19	15	13	9	10	13	15
Interest ⓘ	0	0	0	1	0	0	0	0	0	0
Depreciation ⓘ	13	14	16	17	20	20	20	18	19	17
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	78	76	105	123	127	93	124	147	180	185
Tax ⓘ	26	25	37	43	45	22	32	37	46	47
Profit After Tax	52	51	69	80	82	71	93	109	134	138
PAT Margin (%)	9.6%	9.8%	10.3%	10.4%	9.5%	9.2%	9.4%	9.6%	9.4%	9.7%
Adjusted EPS (₹)	41.7	41.3	55.4	66.1	68.0	58.6	76.2	90.2	110.0	113.5
Dividend Payout Ratio (%)	79%	80%	78%	76%	74%	68%	91%	89%	84%	84%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	212	263	283	228	237	235	280	305	342	368
Share Capital ⓘ	12	12	12	12	12	12	12	12	12	12
Reserves ⓘ	200	251	271	216	225	223	268	293	330	356
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	48	54	70	98	104	99	164	130	166	158
Others Liabilities ⓘ	65	19	19	21	25	21	15	26	27	27
Total Liabilities ⓘ	325	337	372	347	366	355	458	461	535	554
Fixed Assets
Gross Block	163	193	197	207	238	252	259	267	253	229
Accumulated Depreciation	80	92	105	115	130	148	168	173	166	153
Net Fixed Assetsⓘ	84	101	92	92	108	103	92	95	87	75
CWIP ⓘ	5	0	0	6	3	4	1	2	2	38
Investmentsⓘ	42	11	49	76	84	111	34	36	26	20
Inventories	33	28	26	32	47	37	62	62	70	71
Trade Receivables	7	7	13	15	19	4	113	104	128	120
Cash Equivalents ⓘ	140	108	49	47	32	18	117	91	109	176
Others Assetsⓘ	15	81	143	79	72	77	39	72	113	54
Total Assets ⓘ	325	337	372	347	366	355	458	461	535	554

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	56	63	82	89	69	100	28	100	133	142
PBT ⓘ	78	76	105	123	127	93	124	147	180	185
Adjustment ⓘ	-3	-2	0	-1	5	8	12	9	7	4
Changes in Working Capital ⓘ	8	13	15	11	-19	23	-72	-18	-6	1
Tax Paid ⓘ	-27	-24	-38	-43	-45	-25	-36	-38	-48	-47
Cash Flow From Investing Activity ⓘ	-11	-14	-32	47	4	-27	56	-48	-38	-30
Capex	-16	-27	-6	-22	-33	-16	-5	-18	-11	-46
Net Investments	-10	-3	-42	74	48	-8	54	-50	-32	33
Others ⓘ	16	16	17	-4	-11	-3	8	20	5	-17
Cash Flow From Financing Activityⓘ	-51	-49	-49	-136	-73	-73	-49	-84	-97	-112
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	-1	0	0	0	0	0	0
Dividend Paid ⓘ	-51	-49	-49	-64	-73	-73	-49	-84	-97	-112
Others ⓘ	0	0	0	-71	0	0	0	0	0	0
Net Cash Flow ⓘ	-6	0	1	1	0	0	36	-32	-2	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	24.57	21.59	25.2	31.35	35.42	30.06	35.93	37.4	41.27	38.81
ROCE (%)	36.89	32.08	38.58	48.34	54.66	39.29	48.21	50.13	55.51	52.12
Asset Turnover Ratio	1.81	1.79	2.11	2.21	2.44	2.14	2.43	2.47	2.85	2.61
PAT to CFO Conversion(x)	1.08	1.24	1.19	1.11	0.84	1.41	0.3	0.92	0.99	1.03
Working Capital Days
Receivable Days	4	4	5	7	7	5	22	35	30	32
Inventory Days	24	19	13	13	17	20	18	20	17	18
Payable Days	48	47	46	54	56	63	63	60	48	53

Swaraj Engines Ltd Stock News

Swaraj Engines Ltd FAQs

What is the share price of Swaraj Engines?

Company share prices are keep on changing according to the market conditions. The closing price of Swaraj Engines on 07-Nov-2024 00:00 is ₹3,047.7.

What is the market cap of Swaraj Engines?

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 07-Nov-2024 00:00 the market cap of Swaraj Engines stood at ₹3,699.8.

What is the P/E ratio of Swaraj Engines?

The latest P/E ratio of Swaraj Engines as of 07-Nov-2024 00:00 is 25.02.

What is the P/B ratio of Swaraj Engines?

The latest P/B ratio of Swaraj Engines as of 07-Nov-2024 00:00 is 10.82.

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

The 52-week high of Swaraj Engines is ₹3,469.5 and the 52-week low is ₹2,004.6.

What is the TTM revenue of Swaraj Engines?

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 â€œSwarajâ€ tractors. SELâ€™s engine business currently constitutes some 93% of the companyâ€™s product revenue. The balance 7% represents value of hitech engine components being supplied to SML for assembly of commercial vehicle engines.

SELâ€™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.