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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Swaraj Engines Limited is an India-based company, which is primarily engaged in the business of diesel engines, diesel engine components and spare parts. The Company supplies engines to the Swaraj Division of Mahindra & Mahindra Ltd. (M&M). It is into manufacturing and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, steadily growing business, reasonably priced.
Swaraj Engines is scored on the general / industrial framework. It keeps a slim 9.7% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.59×) — worth a closer look. Free cash flow is worth about 3.3% of its market value.
Over the last 3 years revenue compounded at 12%/yr and profit at 14%/yr. Book value has grown 13%/yr. Return on equity is an elite 45.1%. In the latest quarter profit grew 9% versus the prior quarter.
At 22× earnings, the stock sits at the 29th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~9%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 19.93 | — | — |
| P/B | 8.99 | 8.67 | worse |
| EV/EBITDA | 13.81 | 23.38 | better |
| ROE | 45.13 | 26.29 | better |
| ROCE | 60.36 | 34.47 | better |
| ROA | 25.16 | 14.82 | better |
| Quick Ratio | 1.79 | 2.05 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Cummins India | 49.9 | 13.5 | 27.1% |
| Welspun Corp | 24.6 | 5.5 | 22.3% |
| Indo-mim | 109.9 | 21.2 | 23.4% |
12% CAGR over 3 years — steady double-digit compounder.
Net profit has risen every year — the hallmark of a compounder.
Operating margins have been stable around 13% — no major structural shift.
ROE at 40% — the business earns well above its cost of equity. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. 14% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 8% sequentially — momentum is building. Run-rate stepping up — recent quarters average 20% above earlier ones.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 52.1% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.