Swaraj Engines Key Ratios
NSE: SWARAJENG | BSE: 500407
₹3,439.10
As on 09-Oct-2026IST
Market cap
₹4,176 Cr
Revenue (TTM)
₹2,111 Cr
P/E Ratio
20.7
P/B Ratio
7.7
Div. Yield
3.2 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 7.81 | 21.54 | 20.79 | 14.05 | 12.26 |
| EBIT | 2.05 | 15.27 | 20.59 | 15.48 | 11.58 |
| Net Profit | 1.78 | 11.13 | 18.32 | 14.83 | 11.55 |
| EPS | 1.78 | 11.13 | 16.85 | 14.34 | 11.25 |
| Book Value | -- | -- | 16.66 | 12.61 | 11.76 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 12.20 | 12.08 | 12.27 | 12.39 | 12.26 |
| Net Margin
| 9.69 | 9.58 | 9.49 | 9.69 | 9.77 |
| Return on equity
| 41.41 | 40.58 | 46.41 | 43.26 | 42.17 |
| Return on Capital
| 55.65 | 54.52 | -- | 58.13 | 56.71 |
| Return on Assets
| 26.56 | 26.06 | 27.83 | 27.21 | 27.14 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
--
|
58.13
|
56.71
|
52.12
|
55.51
|
|
Peer Median
|
44.34
|
65.51
|
--
|
--
|
--
|
ROE
46.41
Higher than Peers by 13.53
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
46.41
|
43.26
|
42.17
|
38.81
|
41.27
|
|
Peer Median
|
32.88
|
57.55
|
--
|
--
|
--
|
ROA
27.83
Higher than Peers by 21.57
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
27.83
|
27.21
|
27.14
|
25.32
|
26.82
|
|
Peer Median
|
6.25
|
20.43
|
--
|
--
|
--
|
EBIT Margin
12.27
Lower than Peers by 1.44
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
12.27
|
12.39
|
12.26
|
11.97
|
11.75
|
|
Peer Median
|
13.71
|
12.72
|
--
|
--
|
--
|
Net Margin
9.49
Lower than Peers by 7.63
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
9.49
|
9.69
|
9.77
|
9.61
|
9.31
|
|
Peer Median
|
17.12
|
11.31
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
--
|
10.90
|
11.08
|
10.93
|
10.70
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
20.79
Lower than Peers by 0.45
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
20.79
|
19.34
|
18.51
|
-0.18
|
24.92
|
|
Peer Median
|
21.24
|
15.40
|
--
|
--
|
--
|
EBIT Growth
20.59
Higher than Peers by 31.22
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
20.59
|
20.65
|
21.34
|
1.71
|
21.65
|
|
Peer Median
|
-10.63
|
14.01
|
--
|
--
|
--
|
Net Profit Growth
18.32
Higher than Peers by 25.52
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
18.32
|
18.27
|
20.39
|
3.18
|
22.05
|
|
Peer Median
|
-7.20
|
9.39
|
--
|
--
|
--
|
EPS Growth
16.85
Higher than Peers by 57.45
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
16.85
|
18.25
|
20.39
|
3.17
|
22.03
|
|
Peer Median
|
-40.60
|
--
|
--
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
--
|
16.68
|
13.69
|
7.70
|
11.98
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.06
Higher than Peers by 0.92
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
2.06
|
2.06
|
1.96
|
2.34
|
2.09
|
|
Peer Median
|
1.14
|
1.44
|
--
|
--
|
--
|
Quick Ratio
1.79
Higher than Peers by 0.77
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
1.79
|
1.79
|
1.64
|
1.94
|
1.71
|
|
Peer Median
|
1.02
|
1.35
|
--
|
--
|
--
|
Interest Coverage
714.29
Higher than Peers by 548.00
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
714.29
|
670.47
|
676.69
|
749.55
|
2,366.06
|
|
Peer Median
|
166.29
|
36.57
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
9.76
Higher than Peers by 0.64
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
9.76
|
10.27
|
10.54
|
8.47
|
9.01
|
|
Peer Median
|
9.12
|
19.07
|
--
|
--
|
--
|
Asset Turnover
2.91
Higher than Peers by 2.51
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
2.91
|
2.78
|
2.75
|
2.61
|
2.85
|
|
Peer Median
|
0.40
|
1.57
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
--
|
34.86
|
32.27
|
31.93
|
29.74
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
--
|
13.93
|
16.18
|
18.05
|
16.90
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
--
|
54.54
|
52.21
|
52.81
|
47.66
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
--
|
-5.75
|
-3.75
|
-2.83
|
-1.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
20.69
Lower than Peers by 28.18
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
20.69
|
20.46
|
28.48
|
20.19
|
13.97
|
|
Peer Median
|
48.87
|
75.42
|
--
|
--
|
--
|
Price / Book Value
7.67
Lower than Peers by 5.01
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
7.67
|
8.22
|
11.29
|
7.55
|
5.46
|
|
Peer Median
|
12.68
|
35.58
|
--
|
--
|
--
|
Dividend Yield
3.20
Higher than Peers by 2.54
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
3.20
|
3.33
|
2.68
|
4.15
|
5.99
|
|
Peer Median
|
0.66
|
0.18
|
--
|
--
|
--
|
EV/EBITDA
13.63
Lower than Peers by 55.00
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
13.63
|
13.44
|
18.68
|
12.87
|
8.86
|
|
Peer Median
|
68.62
|
117.38
|
--
|
--
|
--
|
Market Cap
4,176
Lower than Peers by 1,01,854
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Swaraj Engines
|
4,176
|
4,016
|
4,728
|
2,783
|
1,867
|
|
Peer Median
|
1,06,030
|
1,07,623
|
--
|
--
|
--
|