Revenue Growth TrajectorySustained ~21% revenue growth indicates expanding OEM penetration and demand for its engine platforms. Over 2-6 months this suggests the business can scale production, improve operating leverage, and fund reinvestment, supporting durable top-line momentum tied to tractor OEM relationships.

Margin And Profitability StrengthConsistently healthy gross and net margins reflect efficient cost management and product specialization in powertrains. Sustainable margins support reinvestment and cushion against commodity cycles, underpinning long-term cash generation and competitive pricing flexibility versus lower-margin peers.

Balance Sheet & Cash GenerationReliable free cash flow growth and strong cash conversion enable internal funding of working capital and selective capex without heavy reliance on debt. Combined with a low debt posture this provides financial flexibility to weather downturns and invest in capacity or product upgrades over time.

Bears Say

Customer Concentration RiskHeavy reliance on sales to Swaraj-branded tractor OEMs and historical Mahindra ecosystem exposure concentrates revenue risk. A reduction in orders, contract renegotiation, or OEM sourcing changes would materially impact volumes and bargaining power, limiting revenue resilience over time.

Capex Volatility Impacting Cash FlowVariable capex patterns introduce free-cash-flow volatility despite strong operating cash; spikes in investment can compress discretionary cash and force external funding or deferments. Over months this makes planning and return consistency harder, especially if major capacity projects recur.

Concentrated Product & End-Market ExposureFocus on diesel powertrains for agricultural applications concentrates the business on a cyclical, single end market. Structural shifts (demand cycles, technology or regulatory changes) or a slowdown in farm equipment replacement cycles would reduce resilience versus more diversified auto-parts peers.

Swaraj Engines Ltd News

Swaraj Engines Allots 2,399 Shares Under ESOP 2015

Swaraj Engines Ltd ( ($IN:SWARAJENG) ) just unveiled an update. Swaraj Engines Limited has allotted 2,399 equity shares...

2M ago

SWARAJENG FAQ

What was Swaraj Engines Ltd’s price range in the past 12 months?

Swaraj Engines Ltd lowest stock price was ₹2530.00 and its highest was ₹4725.95 in the past 12 months.

What is Swaraj Engines Ltd’s market cap?

Swaraj Engines Ltd’s market cap is ₹42.32B.

When is Swaraj Engines Ltd’s upcoming earnings report date?

Swaraj Engines Ltd’s upcoming earnings report date is Apr 22, 2026 which is in 77 days.

How were Swaraj Engines Ltd’s earnings last quarter?

Swaraj Engines Ltd released its earnings results on Jan 15, 2026. The company reported ₹34.7 earnings per share for the quarter, beating the consensus estimate of N/A by ₹34.7.

Is Swaraj Engines Ltd overvalued?

According to Wall Street analysts Swaraj Engines Ltd’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Swaraj Engines Ltd pay dividends?

Swaraj Engines Ltd pays a Annually dividend of ₹104.5 which represents an annual dividend yield of 2.9%. See more information on Swaraj Engines Ltd dividends here

What is Swaraj Engines Ltd’s EPS estimate?

Swaraj Engines Ltd’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Swaraj Engines Ltd have?

Swaraj Engines Ltd has 12,149,865 shares outstanding.

What happened to Swaraj Engines Ltd’s price movement after its last earnings report?

Swaraj Engines Ltd reported an EPS of ₹34.7 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went same 0%.

Which hedge fund is a major shareholder of Swaraj Engines Ltd?

Currently, no hedge funds are holding shares in IN:SWARAJENG

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Swaraj Engines Ltd

Swaraj Engines Limited manufactures and sells diesel engines, diesel engine components, and spare parts for tractors in India. The company was incorporated in 1985 and is based in Mohali, India.