Swaraj Engines Ltd (IN:SWARAJENG)
:SWARAJENG
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Swaraj Engines Ltd
(SWARAJENG)
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Rating:71Outperform
Price Target:
₹3,880.00
▲(4.68% Upside)
Action:UpgradedDate:10/17/25
Swaraj Engines Ltd scores well due to its strong financial performance, which is the most significant factor. Technical analysis indicates moderate momentum, while valuation suggests the stock is relatively expensive, slightly offset by a decent dividend yield. The absence of earnings call and corporate events data means these factors do not influence the score.
Positive Factors
Revenue Growth
Swaraj Engines' ~21% revenue growth indicates durable demand and expanding OEM penetration in the tractor/agribusiness segment. Sustained top-line expansion supports scale economics, long-term contract leverage and funding for product development and capacity investments.
Negative Factors
Customer Concentration
Heavy dependence on Swaraj-brand tractor production and historical ties to the Mahindra ecosystem creates concentration risk. A slowdown, pricing pressure, or a shift in OEM sourcing could materially hit volumes and margins given limited customer diversification.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Swaraj Engines' ~21% revenue growth indicates durable demand and expanding OEM penetration in the tractor/agribusiness segment. Sustained top-line expansion supports scale economics, long-term contract leverage and funding for product development and capacity investments.
Read all positive factors
Swaraj Engines Ltd (SWARAJENG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹42.66B
Dividend Yield2.9%
Average Volume (3M)1.97K
Price to Earnings (P/E)25.8
Beta (1Y)1.44
Revenue Growth18.18%
EPS Growth19.70%
CountryIN
Employees297
SectorIndustrials
Sector Strength72
IndustryAuto - Parts
Share Statistics
EPS (TTM)34.70
Shares Outstanding12,149,865
10 Day Avg. Volume2,001
30 Day Avg. Volume1,969
Financial Highlights & Ratios
PEG Ratio1.42
Price to Book (P/B)11.50
Price to Sales (P/S)2.87
P/FCF Ratio31.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)165.8
Revenue Forecast (FY)₹18.98B
Swaraj Engines Ltd Business Overview & Revenue Model
Company Description
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....
How the Company Makes Money
Swaraj Engines Ltd makes money mainly by manufacturing and selling diesel engines (and associated engine parts/assemblies) to original equipment manufacturers (OEMs), with its largest revenue stream coming from supplying engines for Swaraj-brand t...
Swaraj Engines Ltd Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.88B | 16.82B | 14.19B | 14.22B | 11.33B | 9.83B |
| Gross Profit | 3.62B | 3.55B | 2.23B | 1.98B | 2.29B | 2.05B |
| EBITDA | 2.55B | 2.27B | 2.02B | 1.98B | 1.65B | 1.44B |
| Net Income | 1.77B | 1.66B | 1.38B | 1.34B | 1.09B | 925.45M |
Balance Sheet | ||||||
| Total Assets | 6.71B | 6.72B | 5.57B | 5.36B | 4.61B | 4.58B |
| Cash, Cash Equivalents and Short-Term Investments | 1.78B | 1.87B | 1.54B | 1.24B | 1.22B | 1.34B |
| Total Debt | 38.50M | 19.90M | 12.19M | 12.26M | 0.00 | 0.00 |
| Total Liabilities | 2.79B | 2.53B | 1.88B | 1.94B | 1.56B | 1.78B |
| Stockholders Equity | 3.92B | 4.19B | 3.69B | 3.42B | 3.06B | 2.81B |
Cash Flow | ||||||
| Free Cash Flow | 991.90M | 1.52B | 945.85M | 1.20B | 811.86M | 223.85M |
| Operating Cash Flow | 1.13B | 1.77B | 1.42B | 1.33B | 1.03B | 280.01M |
| Investing Cash Flow | 88.10M | -581.40M | -295.64M | -376.30M | -514.35M | 562.67M |
| Financing Cash Flow | -1.27B | -1.16B | -1.12B | -973.40M | -840.04M | -487.22M |
Swaraj Engines Ltd Technical Analysis
Neutral
3706.50
Price Trends
3541.08
Negative
3647.81
Negative
3893.17
Negative
Market Momentum
-17.35
Positive
48.96
Neutral
18.40
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SWARAJENG, the sentiment is Neutral. The current price of 3706.5 is above the 20-day moving average (MA) of 3510.91, above the 50-day MA of 3541.08, and below the 200-day MA of 3893.17, indicating a neutral trend. The MACD of -17.35 indicates Positive momentum. The RSI at 48.96 is Neutral, neither overbought nor oversold. The STOCH value of 18.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SWARAJENG.
Swaraj Engines Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹42.66B | 25.81 | ― | 2.90% | 18.18% | 19.70% | |
70 Outperform | ₹48.58B | 21.68 | ― | 1.63% | -0.42% | -8.31% | |
65 Neutral | ₹22.60B | 51.58 | ― | 0.47% | 25.52% | -4.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ₹34.73B | 48.24 | ― | 0.49% | 4.44% | -25.67% | |
58 Neutral | ₹31.46B | 43.76 | ― | 1.06% | 16.82% | 39.89% | |
58 Neutral | ₹28.68B | 41.02 | ― | 0.40% | 4.87% | -13.98% |
* Industrials Sector Average
IN:SWARAJENG
Swaraj Engines Ltd
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.