Swaraj Engines Ltd.

BSE: SWARAJENG500407ISIN INE277A01016

Industrials
Compressors, Pumps & Diesel Engines
BSE 1000

Share price

₹3,548.10+92.00 (+2.66%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹4,388.20
52W low: ₹3,280.00
Off 52W high: -19.14%
1M return: +0.72%
3M return: -1.79%
6M return: -10.77%
1Y return: -10.02%
20D avg volume: 5,671
50 DMA: ₹3,537.62
200 DMA: ₹3,656.24

Key ratios Standalone

Market cap: ₹4,311 Cr
Current price: ₹3,548.10
52W high / low: ₹4,388.20 / ₹3,280.00
Face value: ₹10.00
P/E: 20.26
P/B: 12.61
EPS (TTM): ₹175.11
Book value / share: ₹281.37
ROE: 62.23%
ROCE: 52.80%
Operating margin: 13.86%
Net margin: 9.54%
Debt / equity: 0.00
Net debt: ₹-17.26 Cr
Interest cover: 676.85
Dividend yield: 3.10%
Dividend / share (TTM): ₹110.00
Payout: 62.82%
Cash conversion cycle: 6.0 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	635.19	588.39	545.79	473.20	504.04	484.10	454.16	345.50	464.24	417.99	350.96	279.55
	1.58	3.71	3.69	3.74	4.61	5.66	4.66	3.66	3.72	4.37	3.15	3.38
	636.77	592.10	549.48	476.94	508.65	489.76	458.82	349.16	467.96	422.36	354.11	282.93
	555.39	517.46	476.29	417.07	441.90	422.59	397.60	306.34	406.98	364.33	306.92	250.80
	502.88	461.58	419.39	380.52	398.63	373.27	351.66	279.81	364.84	322.44	275.37	222.68
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	16.24	15.43	11.74	13.94	13.89	13.22	11.50	11.59	12.72	12.36	9.82	10.17
	0.10	0.09	0.09	0.10	0.10	0.10	0.08	0.10	0.08	0.07	0.06	0.07
	6.55	5.74	5.42	5.75	5.79	5.49	5.30	5.03	5.50	4.51	4.01	3.94
	33.37	31.67	33.10	27.74	27.15	23.46	21.88	17.50	22.22	18.09	17.11	15.21
	81.38	74.64	73.19	59.87	66.75	67.17	61.22	42.82	60.98	58.03	47.19	32.13
	0.00	0.00	0.00	-3.40	0.00	0.00	0.00	—	—	—	—	—
	81.38	74.64	73.19	56.47	66.75	67.17	61.22	42.82	60.98	58.03	47.19	32.13
	20.81	19.11	18.63	14.37	17.07	17.20	15.80	10.87	15.56	14.84	12.01	8.03
	60.57	55.53	54.56	42.10	49.68	49.97	45.42	31.95	45.42	43.19	35.18	24.10
	49.86	45.70	44.91	34.66	40.89	41.14	37.39	26.30	37.39	35.56	28.96	19.84
Key metrics
	88.03	80.47	78.70	62.32	72.64	72.76	66.60	47.95	66.56	62.61	51.26	36.14
	13.90%	13.70%	14.40%	13.20%	14.40%	15.00%	14.70%	13.90%	14.30%	15.00%	14.60%	12.90%
	9.50%	9.40%	10.00%	8.90%	9.90%	10.30%	10.00%	9.20%	9.80%	10.30%	10.00%	8.60%
	16.90%	—	14.70%	—	16.70%	—	14.30%	—	—	—	—	—
	26.00%	21.50%	20.20%	37.00%	8.60%	15.80%	29.40%	23.60%	—	—	—	—
	21.90%	11.10%	20.10%	31.80%	9.40%	15.70%	29.10%	32.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	2,243	2,007	1,682	1,419	1,422	1,138
	12.72	17.70	16.41	14.36	11.95	9.66
	2,255	2,025	1,698	1,434	1,434	1,148
	1,966	1,758	1,475	1,249	1,254	1,001
	1,764	1,572	1,319	1,119	1,138	891.51
	0.00	0.00	0.00	—	—	—
	57.35	52.79	48.17	43.00	43.71	43.85
	0.38	0.39	0.33	0.25	0.08	0.08
	23.46	22.45	20.34	17.31	18.54	18.10
	125.88	111.45	79.69	66.77	57.90	48.71
	289.08	266.98	223.05	184.97	179.74	146.86
	-3.40	-3.40	0.00	—	—	—
	285.68	263.58	223.05	184.97	179.74	146.86
	72.92	67.27	57.07	47.10	46.13	37.39
	212.76	196.31	165.98	137.87	133.61	109.47
	175.13	161.60	136.64	113.50	110.02	90.17
Key metrics
	309.52	286.42	243.72	202.53	198.36	165.04
	13.80%	14.30%	14.50%	14.30%	14.00%	14.50%
	9.49%	9.80%	9.90%	9.70%	9.40%	9.60%
	—	52.80%	52.20%	—	—	—
	25.44%	19.30%	18.50%	-0.20%	24.90%	—
	20.19%	18.30%	20.40%	3.20%	22.10%	—
	—	46.73	152.21	—	—	—
	—	0.59	1.06	—	—	—
	—	0.00	0.00	—	—	—
	—	-17.26	-6.56	—	—	—
	—	6.0	7.6	—	—	—
Balance sheet
	—	778.83	672.15	—	—	—
	—	574.21	478.39	—	—	—
	—	17.26	6.56	—	—	—
	—	206.18	177.22	—	—	—
	—	74.81	78.35	—	—	—
	—	112.41	22.07	—	—	—
	—	106.68	110.15	—	—	—
	—	248.26	220.88	—	—	—
	—	279.12	244.23	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	488.92	419.20	—	—	—
Cash flow
	—	116.52	176.67	—	—	—
	—	22.09	-58.14	—	—	—
	—	-127.91	-116.15	—	—	—
	—	69.79	24.46	—	—	—

Compounded growth

Sales CAGR 3Y: +12.18%
Sales CAGR 5Y: —
Profit CAGR 3Y: +13.68%
Profit CAGR 5Y: —
Sales YoY (TTM): +25.44%
Profit YoY (TTM): +20.19%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 52.11%

Quarter	September 2026	June 2026
Promoter %	52.11%	52.11%

Holder	Type	Holding	Previous	Change
MAHINDRA & MAHINDRA LIMITED	Promoter	52.11%	52.11%	0.00%
DSP SMALL CAP FUND	Public	6.02%	6.02%	0.00%
PARAG PARIKH CONSERVATIVE HYBRID FUND	Public	1.75%	1.75%	0.00%
VIKRAM CHINUBHAI SHAH	Public	1.48%	1.48%	0.00%
KEYUR H PARIKH	Public	1.26%	1.26%	0.00%
REETA KEYUR PARIKH	Public	1.03%	1.03%	0.00%
VIKRAM ADVISORY SERVICES PRIVATE LIMITED	Public	1.01%	1.01%	0.00%
Mahindra Fruits Private Limited ( Formerly known as Mahindra Greenyard Private Limited)	Promoter Group	0.00%	0.00%	0.00%
Classic Legends Private Limited	Promoter Group	0.00%	0.00%	0.00%
Mahindra World City (Maharashtra) Limited	Promoter Group	0.00%	0.00%	0.00%
Mahindra eMarket Limited (formerly known as Mriyalguda Farm Solution Limited)	Promoter Group	0.00%	0.00%	0.00%
Hazel Hybren Private Limited	Promoter Group	0.00%	0.00%	0.00%
Bristlecone Consulting Limited	Promoter Group	0.00%	0.00%	0.00%
Martial Solren Private Limited	Promoter Group	0.00%	0.00%	0.00%
Bristlecone (Singapore) Pte. Limited	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Cummins India Ltd.	1,31,651	4,749.30	55.62	31.90%	+15.30% TTM	+10.55% TTM	+10.01%
Kirloskar Oil Engines Limited	26,263	1,804.20	49.11	18.40%	+22.66% TTM	+16.65% TTM	+77.77%
Elgi Equipments Ltd.	17,864	563.70	39.88	25.40%	+15.94% TTM	+23.42% TTM	+16.97%
Kirloskar Brothers Ltd.	13,607	1,713.55	35.83	17.90%	+10.85% TTM	-4.09% TTM	-7.92%
Ingersoll-Rand (India) Ltd. S	12,803	4,055.80	47.86	54.90%	+8.28% TTM	+1.08% TTM	+6.66%
KSB LIMITED	11,480	659.60	48.11	—	+7.98% TTM	-9.14% TTM	-14.68%
Kirloskar Pneumatic Co.Ltd.	7,453	573.50	28.84	26.40%	+9.10% TTM	+38.95% TTM	+4.18%
Greaves Cotton Ltd.	4,788	205.55	-308.33	7.20%	+28.44% TTM	-143.89% TTM	-7.05%
Shakti Pumps (India) Ltd.	4,442	359.95	27.74	22.80%	+15.77% TTM	-60.15% TTM	-55.50%
Swaraj Engines Ltd. S	4,311	3,548.10	20.26	52.80%	+25.44% TTM	+20.19% TTM	-10.02%
Oswal Pumps Limited	2,466	216.30	7.34	29.80%	—	—	-69.42%
Yuken India Ltd.	1,502	1,105.60	96.59	7.80%	+8.91% TTM	-33.60% TTM	+16.33%
Roto Pumps Ltd.	1,167	61.91	42.11	15.80%	-3.87% TTM	-19.32% TTM	-9.77%

Filings & corporate actions

Recent announcements

Please refer enclosed file23 Oct 2026 · AGM/EGM / Postal Ballot
Please refer enclosed file23 Oct 2026 · AGM/EGM / Postal Ballot
Please refer enclosed file13 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please refer enclosed file.13 Oct 2026 · Company Update / Newspaper Publication
Please refer enclosed file.12 Oct 2026 · Company Update / General
Please find enclose file12 Oct 2026 · Board Meeting / Outcome of Board Meeting
Please find enclosed file12 Oct 2026 · Result / Financial Results
Please refer enclosed file.1 Oct 2026 · Insider Trading / SAST / Closure of Trading Window
Swaraj Engines Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/10/2026 ,inter alia, to consider and approve Please refer enclosed file1 Oct 2026 · Board Meeting / Board Meeting
Please refer enclosed file.23 Sep 2026 · Company Update / Newspaper Publication
Please refer enclosed file.22 Sep 2026 · AGM/EGM / Postal Ballot
Please refer enclosed file.19 Sep 2026 · Company Update / Newspaper Publication
Please refer enclosed file1 Sep 2026 · Company Update / Retirement
Please refer enclosed file1 Sep 2026 · Company Update / Cessation
Please refer enclosed file31 Aug 2026 · Company Update / Change in Management
Please refer enclosed file31 Aug 2026 · Company Update / Change in Directorate
Please refer enclosed file31 Aug 2026 · Others / Outcome without intimation
Please refer enclosed file21 Jul 2026 · AGM/EGM / AGM
Please refer enclosed file21 Jul 2026 · Company Update / Newspaper Publication
Please refer enclosed file.20 Jul 2026 · AGM/EGM / AGM
Please refer enclosed file.20 Jul 2026 · Board Meeting / Outcome of Board Meeting
Please refer enclosed file20 Jul 2026 · Result / Financial Results
Please refer enclosed file20 Jul 2026 · Result / Financial Results
Please refer enclosed file14 Jul 2026 · Company Update / General
Please refer enclosed file.13 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window from 01-07-2026 to 22-07-2026 for the declaration of Unaudited Financial Results for the first quarter ended on 30th June, 2026.1 Jul 2026 · Insider Trading / SAST / Closure of Trading Window
Swaraj Engines Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/07/2026 ,inter alia, to consider and approve Unaudited Financial results ....1 Jul 2026 · Board Meeting / Board Meeting
Pls refer enclosed file26 Jun 2026 · Company Update / Change in Management
Please refer enclosed file26 Jun 2026 · Others / Outcome without intimation
Please refer enclosed file.20 Jun 2026 · Company Update / Newspaper Publication
Please refer enclosed file19 Jun 2026 · Company Update / General
Please refer enclosed file19 Jun 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please refer enclosed file.19 Jun 2026 · Others / Reg. 34 (1) Annual Report
Please refer enclosed file.19 Jun 2026 · AGM/EGM / AGM
Please refer enclosed file16 Jun 2026 · Company Update / Newspaper Publication
Please refer enclosed file29 May 2026 · Company Update / Newspaper Publication
Please refer enclosed file28 May 2026 · Company Update / Newspaper Publication
Please refer enclosed file.7 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Please refer enclosed file.14 Apr 2026 · Company Update / Newspaper Publication
Pls refer enclosed file13 Apr 2026 · Company Update / Cessation

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 110.0000	3 Jul 2026	3 Jul 2026	—
Final Dividend - Rs. - 104.5000	27 Jun 2025	27 Jun 2025	—
Final Dividend - Rs. - 95.0000	28 Jun 2024	—	—

Board meetings

12 Oct 2026 Board Meeting - Financial Results
20 Jul 2026 Board Meeting - Financial Results