GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
S

Swaraj Engines SWARAJENG.NS · INR

Industrials · NSE · 🇮🇳 India

Compare

3,538.20

+1.23%

Close of 9 Nov 2026, in INR

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹20.07bn

FY2017FY2026

Net income

₹1.96bn

FY2017FY2026

Free cash flow

₹628.5m

FY2017FY2026

Shareholders' equity

₹4.89bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹20.07bn₹16.82bn₹14.19bn₹14.22bn₹11.33bn₹9.83bn₹7.71bn₹8.68bn₹7.67bn₹6.66bn
Gross profit₹3.61bn₹3.55bn₹2.23bn₹1.98bn₹2.29bn₹2.05bn₹1.68bn₹1.98bn₹1.81bn₹1.60bn
Research and development₹17.6m₹37.6m₹46.5m₹39.9m₹35.6m₹32.7m₹31.6m₹25.0m₹27.1m₹26.0m
Operating income₹2.50bn₹3.07bn₹1.74bn₹2.33bn₹1.47bn₹1.18bn₹804.5m₹1.12bn₹1.05bn₹884.1m
Net income₹1.96bn₹1.66bn₹1.38bn₹1.34bn₹1.09bn₹925.4m₹710.4m₹824.2m₹801.0m₹688.4m
Diluted earnings per share161.56136.61113.49109.9490.1176.1858.4667.8466.0155.37

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹7.79bn₹6.72bn₹5.57bn₹5.36bn₹4.61bn₹4.58bn₹3.55bn₹3.66bn₹3.47bn₹3.72bn
Cash and short-term investments₹1.14bn₹1.87bn₹1.54bn₹1.24bn₹1.22bn₹1.34bn₹1.23bn₹1.07bn₹1.36bn₹2.35bn
Total liabilities₹2.90bn₹2.53bn₹1.88bn₹1.94bn₹1.56bn₹1.78bn₹1.19bn₹1.28bn₹1.19bn₹887.9m
Debt₹20.5m₹19.9m₹12.2m₹12.3m₹12.2m₹322,000₹30,000₹307,000−₹21,000−₹141,000
Shareholders' equity₹4.89bn₹4.19bn₹3.69bn₹3.42bn₹3.06bn₹2.81bn₹2.36bn₹2.38bn₹2.28bn₹2.83bn
Shares outstanding12m12m12m12m12m12m12m12m12m12m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹1.33bn₹1.77bn₹1.42bn₹1.33bn₹1.03bn₹280.0m₹996.1m₹687.7m₹893.2m₹823.9m
Capital spending−₹697.9m−₹244.6m−₹478.0m−₹128.8m−₹222.4m−₹56.2m−₹157.7m−₹340.1m−₹233.5m−₹64.6m
Free cash flow₹628.5m₹1.52bn₹945.9m₹1.20bn₹811.9m₹223.8m₹838.4m₹347.5m₹659.7m₹759.3m
Dividends paid−₹1.27bn−₹1.15bn−₹1.12bn−₹971.5m−₹839.3m−₹487.3m−₹731.2m−₹727.9m−₹639.9m−₹491.1m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹5.88bn₹5.46bn₹4.73bn₹5.04bn₹4.84bn₹4.54bn₹3.46bn₹4.64bn
Gross profit₹1.24bn₹1.03bn₹839.7m₹893.9m₹1.04bn₹953.2m₹733.8m₹795.6m
Operating income₹710.2m₹695.9m₹565.7m₹622.4m₹672.7m₹567.2m₹429.2m₹573.4m
Net income₹555.3m₹545.6m₹421.0m₹496.8m₹499.7m₹454.2m₹319.5m₹454.2m
Diluted earnings per share45.7044.9034.6540.8941.1337.3826.3037.39
Cash from operations———₹1.13bn—₹1.77bn—₹1.06bn
Capital spending———−₹137.0m—−₹244.0m—−₹101.0m
Free cash flow———₹992.0m—₹1.52bn—₹959.0m
Total assets—₹7.79bn—₹6.71bn—₹6.72bn—₹5.87bn
Cash and short-term investments₹1.14bn₹1.14bn₹1.78bn₹1.78bn₹1.87bn₹1.87bn₹1.84bn₹1.84bn
Debt—₹6.0m—₹22.5m—₹19.9m—₹19.8m
Shareholders' equity₹4.89bn₹4.89bn₹3.92bn₹3.92bn₹4.19bn₹4.19bn₹3.42bn₹3.42bn

Financial ratios

Data as of 18 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Gross margin18.0%21.1%15.7%14.0%20.2%20.9%
Operating margin12.5%18.3%12.3%16.4%13.0%12.0%
Net margin9.8%9.9%9.7%9.4%9.7%9.4%
Return on equity40.2%39.6%37.4%39.0%35.8%33.0%
Return on assets25.2%24.7%24.8%24.9%23.7%20.2%
Free cash flow yield4.6%4.6%4.3%3.3%2.9%0.8%
Revenue growth19.3%18.5%-0.2%25.5%15.2%27.6%
Earnings growth18.3%20.4%3.2%22.0%18.3%30.3%
Current ratio2.06x1.96x2.34x2.09x2.19x2.10x
Debt to equity0.00x0.00x0.00x0.00x0.00x0.00x
Equity ratio62.8%62.4%66.2%63.8%66.2%61.2%
Interest coverage641.18x930.30x704.79x2910.27x1956.59x47290.72x
R&D as a share of sales0.1%0.2%0.3%0.3%0.3%0.3%
Buybacks as a share of market value-0.0%-0.0%0.0%-0.0%-0.0%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue12.2%15.3%14.3%
Operating income2.4%16.2%15.4%
Net income13.7%16.2%14.4%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin19.4%17.4%18.2%19.7%
Operating margin15.1%14.8%14.2%13.7%
Net margin9.8%9.7%9.7%9.7%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings22.026.326.022.017.321.224.116.222.035.3
Price to sales2.12.62.52.11.72.02.21.52.33.6

Dividends and splits

Per share, in the currency the company pays

Paid for 18 years. Last went ex-dividend on 3 Jul 2026.

FY2027FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Paid in the year110.00104.5095.0092.0080.0019.0015.0025.00
  • 3-for-1 split · 12 Aug 2005
  • 2-for-1 split · 18 Nov 1996

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.