Swaraj Engines (SWARAJENG)₹3,538−1.19%Compressors, Pumps & Diesel Engines
In the Jun 2026 quarter (standalone), Swaraj Engines reported sales of ₹587 Cr, up 21.5% from Jun 2025, and net profit of ₹55.82 Cr, up 12.0% year on year. For the year to Mar 2026, sales were ₹2,005 Cr and net profit ₹195 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 389 | 280 | 351 | 418 | 464 | 346 | 454 | 484 | 504 | 472 | 545 | 587 |
| Expenses | 337 | 247 | 303 | 360 | 401 | 301 | 392 | 417 | 436 | 411 | 471 | 512 |
| Operating Profit | 51.89 | 32.92 | 47.90 | 57.85 | 62.88 | 43.94 | 61.92 | 66.87 | 67.86 | 61.86 | 74.83 | 76.81 |
| OPM % | 13.1% | 12.1% | 14.1% | 14.1% | 14.1% | 13.0% | 14.1% | 14.1% | 14.1% | 13.1% | 14.1% | 13.1% |
| Other Income | 3.01 | 2.99 | 2.99 | 3.99 | 3.99 | 4.01 | 5.01 | 5.99 | 5.01 | 0.00 | 3.99 | 4.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 5.01 | 4.01 | 4.01 | 5.01 | 6.01 | 5.01 | 5.01 | 5.01 | 6.01 | 6.01 | 5.01 | 6.01 |
| Profit before tax | 50.90 | 31.90 | 46.86 | 57.81 | 60.84 | 42.91 | 60.85 | 66.82 | 66.81 | 55.88 | 72.74 | 74.81 |
| Tax % | 26.0% | 25.0% | 25.0% | 26.0% | 26.0% | 25.0% | 26.0% | 26.0% | 26.0% | 25.0% | 24.9% | 26.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.99 | 0.00 | 0.00 |
| Net Profit | 37.83 | 23.91 | 34.86 | 42.80 | 44.85 | 31.87 | 44.82 | 49.84 | 49.80 | 41.80 | 54.80 | 55.82 |
| EPS (Rs) | 30.92 | 19.76 | 28.86 | 35.44 | 37.25 | 26.19 | 37.24 | 41.03 | 40.73 | 34.54 | 44.76 | 45.52 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 526 | 666 | 771 | 872 | 773 | 986 | 1,138 | 1,420 | 1,418 | 1,681 | 2,005 | 2,109 |
| Expenses | 452 | 562 | 650 | 740 | 673 | 851 | 984 | 1,234 | 1,231 | 1,455 | 1,736 | 1,831 |
| Operating Profit | 73.91 | 105 | 122 | 132 | 99.86 | 136 | 155 | 186 | 188 | 227 | 271 | 281 |
| OPM % | 14.1% | 16.1% | 16.1% | 15.0% | 13.1% | 14.1% | 14.1% | 13.1% | 13.1% | 14.1% | 14.1% | 13.3% |
| Other Income | 16.01 | 16.99 | 18.99 | 14.99 | 13.01 | 9.01 | 9.99 | 11.99 | 13.99 | 16.01 | 13.99 | 13.01 |
| Interest | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 14.03 | 16.02 | 17.02 | 20.03 | 20.05 | 20.04 | 18.03 | 19.03 | 17.04 | 20.05 | 22.02 | 23.04 |
| Profit before tax | 75.76 | 105 | 123 | 127 | 92.73 | 124 | 147 | 179 | 184 | 222 | 263 | 270 |
| Tax % | 33.0% | 35.0% | 35.0% | 35.0% | 23.9% | 26.0% | 25.0% | 26.0% | 25.0% | 26.0% | 25.9% | — |
| Exceptional items | 0.00 | 0.00 | 1.99 | 0.00 | 0.99 | 0.00 | 0.99 | 0.00 | 0.99 | 0.99 | −1.99 | −1.99 |
| Net Profit | 50.77 | 68.78 | 79.65 | 81.73 | 70.77 | 92.61 | 109 | 134 | 137 | 165 | 195 | 202 |
| EPS (Rs) | 41.17 | 55.21 | 65.87 | 67.70 | 58.39 | 76.01 | 89.77 | 109.69 | 113.12 | 136.10 | 161.02 | 165.55 |
| Dividend payout % | 80.0% | 78.0% | 76.0% | 74.0% | 68.0% | 91.1% | 89.1% | 84.0% | 84.0% | 76.0% | 68.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.04 | 12.02 | 12.03 | 12.04 | 12.04 | 12.04 | 12.02 | 12.05 | 12.04 | 12.05 | 12.02 | 12.03 |
| Reserves | 200 | 251 | 271 | 216 | 226 | 224 | 268 | 294 | 330 | 356 | 407 | 477 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 1.99 | 1.99 |
| Other Liabilities | 113 | 72.65 | 88.57 | 118 | 127 | 119 | 177 | 156 | 192 | 186 | 250 | 287 |
| Total Liabilities | 325 | 336 | 372 | 347 | 366 | 355 | 457 | 461 | 535 | 556 | 670 | 778 |
| Fixed Assets | 84.10 | 101 | 91.08 | 92.04 | 110 | 103 | 92.16 | 95.18 | 88.09 | 76.06 | 110 | 107 |
| CWIP | 4.99 | 0.00 | 0.99 | 5.99 | 1.99 | 3.99 | 0.99 | 1.99 | 1.99 | 37.90 | 4.99 | 54.91 |
| Investments | 41.97 | 10.99 | 48.96 | 75.94 | 83.92 | 111 | 33.97 | 35.98 | 25.95 | 19.96 | 18.97 | 18.98 |
| Other Assets | 195 | 223 | 230 | 173 | 170 | 136 | 330 | 328 | 419 | 422 | 536 | 597 |
| Inventories | 33.02 | 27.98 | 25.99 | 31.99 | 46.98 | 37.01 | 61.97 | 62.04 | 69.99 | 71.05 | 77.99 | 75.04 |
| Trade receivables | 7.02 | 7.02 | 13.04 | 15.05 | 19.05 | 4.01 | 113 | 104 | 128 | 120 | 177 | 207 |
| Cash & equivalents | 140 | 108 | 49.01 | 47.05 | 32.01 | 18.01 | 117 | 91.03 | 109 | 176 | 174 | 122 |
| Total Assets | 325 | 336 | 372 | 347 | 366 | 355 | 457 | 461 | 535 | 556 | 670 | 778 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 56.20 | 63.19 | 82.31 | 89.34 | 69.20 | 100 | 28.10 | 100 | 133 | 143 | 177 | 117 |
| Cash from investing activity | −11.03 | −14.04 | −32.07 | 47.14 | 4.01 | −27.07 | 56.18 | −48.10 | −38.07 | −30.09 | −58.16 | 22.06 |
| Cash from financing activity | −50.84 | −48.91 | −48.92 | −136 | −72.85 | −72.79 | −48.91 | −83.74 | −96.77 | −112 | −116 | −128 |
| Net cash flow | −5.98 | 0.00 | 0.99 | 0.99 | 0.00 | 0.00 | 35.91 | −31.89 | −1.99 | 0.99 | 1.99 | 10.97 |
| Capex | 17.07 | 27.12 | 6.02 | 23.10 | 34.14 | 16.06 | 6.03 | 19.07 | 13.05 | 48.16 | 24.08 | 70.23 |
| Free cash flow | 39.03 | 36.03 | 75.97 | 67.03 | 34.98 | 83.94 | 22.99 | 81.98 | 122 | 97.07 | 152 | 46.98 |
| CFO / OP % | 111.0% | 118.0% | 115.0% | 109.0% | 86.0% | 124.0% | 47.0% | 89.0% | 97.0% | 101.0% | 103.0% | 68.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 5 | 5 | 7 | 7 | 8 | 2 | 42 | 33 | 33 | 31 | 38 | 37 |
| Inventory days | 30 | 26 | 19 | 20 | 26 | 23 | 29 | 25 | 22 | 23 | 22 | 17 |
| Days payable | 43 | 50 | 52 | 63 | 58 | 61 | 78 | 53 | 53 | 52 | 61 | 58 |
| Cash conversion cycle | −10 | −20 | −26 | −36 | −25 | −37 | −8 | 4 | 1 | 1 | −2 | −4 |
| Working capital days | −38 | 34 | 54 | 3 | 6 | 2 | 13 | 16 | 17 | 12 | 9 | 28 |
| ROCE % | 37.0% | 32.1% | 39.0% | 47.0% | 55.0% | 39.1% | 48.0% | 50.1% | 55.1% | 52.0% | 56.0% | 58.0% |
For the Jun 2026 quarter, Swaraj Engines reported sales of ₹587 Cr, up 21.5% year on year and net profit of ₹55.82 Cr, up 12.0% year on year. The operating margin was 13.1%.
Swaraj Engines' sales for the year to Mar 2026 were ₹2,005 Cr; over the last twelve months they were ₹2,109 Cr.
Net profit for the year to Mar 2026 was ₹195 Cr, and ₹202 Cr over the last twelve months. Earnings per share over the same trailing period were ₹165.55.
Swaraj Engines reported borrowings of ₹1.99 Cr at Mar 2026, against cash and equivalents of ₹122 Cr.
Cash from operations was ₹117 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹46.98 Cr.