Swaraj Engines LimitedSWARAJENGCorporate

Engines Latest results: Sep 2026 15 quarters of data

₹3,514.40

MCap ₹4,270 Cr · P/E 20.0

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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹635 Cr

Sales · Sep 2026

+26.0% YoY

₹86 Cr

Operating Profit · Sep 2026

+27.1% YoY

13.6%

OPM % · Sep 2026

+0.7% YoY

₹61 Cr

Net Profit · Sep 2026

+21.1% YoY

₹49.86

EPS · Sep 2026

+21.9% YoY

📝 Swaraj Engines Limited — results explained

Quarter ended September 2026 (Q2 FY27)

Swaraj Engines Limited reported revenue of ₹635 crore for the quarter ended September 2026 (Q2 FY27), up 26.0% from ₹504 crore in the same quarter last year, and up 8.0% sequentially over the June 2026 quarter.

Net profit rose 21.1% year-on-year to ₹61 crore, from ₹50 crore. Earnings per share (EPS) came in at ₹49.86.

Operating profit stood at ₹86 crore — an operating margin (OPM) of 13.6%, compared with 13.5% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Swaraj Engines Limited posted revenue of ₹2,007 crore, a growth of 19.3% over FY25, with a net profit of ₹197 crore (up 19.4% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹2,243 crore with a net profit of ₹213 crore.

Valuation snapshot

At the current price of ₹3,514.40, SWARAJENG has a market capitalisation of ₹4,270 crore and a trailing P/E of about 20.0.

Within the Engines industry, it is the 2nd-largest of the 2 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 52.11%, foreign institutional investors (FIIs) 2.43%, domestic institutional investors (DIIs) 8.78%, public shareholders 36.68% of Swaraj Engines Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹4,270 Cr

Current Price ?

₹3,514.4

P/E ?

20.04below ind

Industry P/E ?

37.40

P/B ?

9.06

P/S ?

1.90

P/FCF ?

90.85

Enterprise Value ?

₹4,272 Cr

EV/EBITDA ?

14.23

PEG ?

1.43

Earnings Yield ?

6.5%

Dividend Yield ?

3.13%

Profitability & Returns

Sales (TTM) ?

₹2,243 Cr

OPM ?

13.4%

Profit after tax (TTM) ?

₹213 Cr

EPS (TTM) ?

₹175.39

ROCE ?

59.0%

ROE ?

45.2%

ROA ?

25.2%

Growth

Sales — latest qtr ?

₹635 Cr

PAT — latest qtr ?

₹61 Cr

YoY qtr sales growth ?

26.0%

YoY qtr profit growth ?

21.1%

Sales growth (3y) ?

12%

Sales growth (5y) ?

15%

Profit growth (3y) ?

14%

Profit growth (5y) ?

17%

Financial Health

Debt ?

₹2 Cr

Debt to Equity ?

0.01

Interest Coverage ?

N/A

Current Ratio ?

N/A

Ownership

Promoter holding ?

52.11%

Change in promoter holding ?

-0.01%

Pledged percentage ?

N/A

Market

Return 3 months ?

-5.3%

Return 6 months ?

-13.3%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Sep bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026	YoY %	QoQ %
Sales	360	400	389	280	351	418	464	346	454	484	504	473	546	588	635	+26.0%	+8.0%
Operating Profit	48	55	52	33	48	58	63	44	62	67	68	62	75	77	86	+27.1%	+12.6%
Other Income	4	5	3	3	3	4	4	4	5	6	5	0	4	4	2	-68.4%	-57.4%
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	—	+11.1%
Depreciation	5	5	5	4	4	5	6	5	5	5	6	6	5	6	7	+9.2%	+14.1%
Profit Before Tax	47	55	51	32	47	58	61	43	61	67	67	56	73	75	81	+21.5%	+9.0%
Net Profit	35	41	38	24	35	43	45	32	45	50	50	42	55	56	61	+21.1%	+9.1%
EPS	28.78	33.69	31.01	19.84	28.96	35.56	37.39	26.30	37.39	41.14	40.90	34.65	44.91	45.70	49.86	+21.9%	+9.1%
OPM %	13.3%	13.8%	13.4%	11.8%	13.7%	13.9%	13.6%	12.7%	13.7%	13.8%	13.5%	13.1%	13.7%	13.0%	13.6%	+0.7%	+4.6%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹1,682 Cr	₹2,007 Cr	₹2,243 Cr	+19.3%
Operating Profit	₹227 Cr	₹272 Cr	₹300 Cr	+19.8%
OPM %	13.50%	13.55%	13.39%	+0.4%
NPM %	9.81%	9.82%	9.50%	+0.1%
Other Income	₹17 Cr	₹15 Cr	₹9 Cr	-11.8%
Depreciation	₹21 Cr	₹22 Cr	₹23 Cr	+4.8%
Interest	₹0 Cr	₹0 Cr	₹0 Cr	—
EBIT	₹206 Cr	₹250 Cr	₹277 Cr	+21.4%
PBT	₹223 Cr	₹263 Cr	₹285 Cr	+17.9%
Tax	—	—	₹40 Cr	—
Net Profit	₹165 Cr	₹197 Cr	₹213 Cr	+19.4%
EPS	₹136.64	₹161.60	₹175.12	+18.3%
Material Cost	—	—	₹964 Cr	—
Employee Cost	—	—	₹32 Cr	—
Extraordinary Items	—	—	—	—

🏛️ Balance Sheet (latest 5 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026	% Chg
Equity Capital	12	12	12	12	12	+1.3%
Reserves	330	356	407	477	459	-3.7%
Borrowings	1	1	2	1	2	+148.0%
Other Liabilities	193	187	251	289	372	+28.6%
Total Liabilities	536	557	672	779	846	+8.6%
Fixed Assets	88	76	110	107	200	+86.8%
CWIP	2	38	5	55	29	-46.8%
Investments	26	20	19	19	45	+138.8%
Other Assets	420	423	538	598	571	-4.5%
Total Assets	536	557	672	779	846	+8.6%

📦 Working Capital (latest 1 periods)

Metric	Sep 2026	% Chg
Inventories	78	—
Trade Receivables	249	—
Trade Payables	319	—

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	133	142	177	117	-33.9%
Cash from Investing Activity	-38	-30	-58	22	+137.9%
Cash from Financing Activity	-97	-112	-116	-128	-10.3%
Net Cash Flow	-2	1	2	11	+450.0%
Free Cash Flow	122	97	152	47	-69.1%
CFO/OP	97%	101%	103%	68%	-34.0%

💧 Half-year Cash Flow (latest 1 periods)

Metric	Sep 2026	% Chg
Cash from Operating Activity	102	—
Cash from Investing Activity	20	—
Cash from Financing Activity	-134	—
Net Cash Flow	-13	—

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	33	31	38	37	-2.6%
Inventory Days	22	23	22	17	-22.7%
Days Payable	53	52	61	58	-4.9%
Cash Conversion Cycle	2	2	-1	-3	-200.0%
Working Capital Days	17	12	9	32	+255.6%
ROCE %	55%	52%	56%	59%	+5.4%

👥 Shareholding (latest 5 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	% Chg
Promoters	52.12%	52.12%	52.12%	52.11%	52.11%	+0.0%
FIIs	3.73%	3.93%	3.15%	2.82%	2.43%	-13.8%
DIIs	9.32%	9.65%	9.74%	9.09%	8.78%	-3.4%
Public	34.84%	34.31%	35.00%	35.97%	36.68%	+2.0%
No. of Shareholders	36,487	36,980	37,905	38,470	41,234	+7.2%

⚖️ Peer comparison

Industry: Engines · 2 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	GREAVESCOT Greaves Cotton	₹192.52	4,485	51.6	3,665	21	6.5%	0.6%	16.7%	661.9%	30.7%	-70.5%
2	SWARAJENG Swaraj Engines	₹3,498.00	4,250	20.0	2,243	213	13.4%	9.5%	19.3%	19.4%	26.0%	21.1%

❓ Frequently asked questions

What was Swaraj Engines Limited's revenue in Q2 FY27?

What was Swaraj Engines Limited's net profit in Q2 FY27?