Price
Financials
Standalone, Rs crore| 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 | 473 | 546 | 588 |
| Expenses | 337 | 247 | 303 | 360 | 401 | 301 | 392 | 417 | 436 | 411 | 471 | 512 |
| Operating Profit | 52 | 33 | 48 | 58 | 63 | 44 | 62 | 67 | 68 | 62 | 75 | 77 |
| OPM % | 13% | 12% | 14% | 14% | 14% | 13% | 14% | 14% | 14% | 13% | 14% | 13% |
| Other Income | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 6 | 5 | 0 | 4 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 5 | 4 | 4 | 5 | 6 | 5 | 5 | 5 | 6 | 6 | 5 | 6 |
| Profit before tax | 51 | 32 | 47 | 58 | 61 | 43 | 61 | 67 | 67 | 56 | 73 | 75 |
| Tax % | 26% | 25% | 25% | 26% | 26% | 25% | 26% | 26% | 26% | 25% | 25% | 26% |
| Net Profit | 38 | 24 | 35 | 43 | 45 | 32 | 45 | 50 | 50 | 42 | 55 | 56 |
| EPS in Rs | 31.01 | 19.84 | 28.96 | 35.56 | 37.39 | 26.30 | 37.39 | 41.14 | 40.90 | 34.65 | 44.91 | 45.70 |
| 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 | 987 | 1,138 | 1,422 | 1,419 | 1,682 | 2,007 | 2,111 |
| Expenses | 452 | 562 | 650 | 740 | 673 | 851 | 983 | 1,235 | 1,231 | 1,455 | 1,735 | 1,830 |
| Operating Profit | 74 | 105 | 122 | 132 | 100 | 136 | 155 | 186 | 188 | 227 | 272 | 282 |
| OPM % | 14% | 16% | 16% | 15% | 13% | 14% | 14% | 13% | 13% | 14% | 14% | 13% |
| Other Income | 16 | 17 | 19 | 15 | 13 | 9 | 10 | 12 | 14 | 16 | 14 | 12 |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 14 | 16 | 17 | 20 | 20 | 20 | 18 | 19 | 17 | 20 | 22 | 23 |
| Profit before tax | 76 | 105 | 123 | 127 | 93 | 124 | 147 | 180 | 185 | 223 | 264 | 271 |
| Tax % | 33% | 35% | 35% | 35% | 24% | 26% | 25% | 26% | 25% | 26% | 26% | |
| Net Profit | 51 | 69 | 80 | 82 | 71 | 93 | 109 | 134 | 138 | 166 | 196 | 202 |
| EPS in Rs | 41.31 | 55.43 | 66.05 | 67.95 | 58.55 | 76.24 | 90.14 | 110.00 | 113.50 | 136.64 | 161.57 | 166.16 |
| Dividend Payout % | 80% | 78% | 76% | 74% | 68% | 91% | 89% | 84% | 84% | 76% | 68% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 14% | 15% | 12% | 21% | ||
| Compounded Profit Growth | 14% | 17% | 14% | 18% | ||
| Stock Price CAGR | 12% | 17% | 21% | -12% | ||
| Return on Equity | 37% | 41% | 42% | 44% |
| 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 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 200 | 251 | 271 | 216 | 226 | 224 | 268 | 294 | 330 | 356 | 407 | 477 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Other Liabilities | 113 | 73 | 89 | 119 | 128 | 119 | 178 | 156 | 193 | 187 | 251 | 288 |
| Total Liabilities | 325 | 337 | 372 | 348 | 366 | 355 | 458 | 461 | 536 | 557 | 672 | 779 |
| Fixed Assets | 84 | 101 | 91 | 92 | 110 | 103 | 92 | 95 | 88 | 76 | 110 | 107 |
| CWIP | 5 | 0 | 1 | 6 | 2 | 4 | 1 | 2 | 2 | 38 | 5 | 55 |
| Investments | 42 | 11 | 49 | 76 | 84 | 111 | 34 | 36 | 26 | 20 | 19 | 19 |
| Other Assets | 195 | 224 | 231 | 173 | 170 | 136 | 331 | 329 | 420 | 423 | 538 | 598 |
| Total Assets | 325 | 337 | 372 | 348 | 366 | 355 | 458 | 461 | 536 | 557 | 672 | 779 |
| 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 | 63 | 82 | 89 | 69 | 100 | 28 | 100 | 133 | 142 | 177 | 117 |
| Cash from Investing Activity | -11 | -14 | -32 | 47 | 4 | -27 | 56 | -48 | -38 | -30 | -58 | 22 |
| Cash from Financing Activity | -51 | -49 | -49 | -136 | -73 | -73 | -49 | -84 | -97 | -112 | -116 | -128 |
| Net Cash Flow | -6 | 0 | 1 | 1 | -0 | -0 | 36 | -32 | -2 | 1 | 2 | 11 |
| Free Cash Flow | 39 | 36 | 76 | 67 | 35 | 84 | 23 | 82 | 122 | 97 | 152 | 47 |
| CFO/OP | 111% | 118% | 115% | 109% | 86% | 124% | 47% | 89% | 97% | 101% | 103% | 68% |
| 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 | -9 | -19 | -25 | -35 | -24 | -36 | -7 | 5 | 2 | 2 | -1 | -3 |
| Working Capital Days | -38 | 34 | 54 | 3 | 6 | 2 | 13 | 16 | 17 | 12 | 9 | 28 |
| ROCE % | 37% | 32% | 39% | 47% | 55% | 39% | 48% | 50% | 55% | 52% | 56% | 58% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 52.12% | 52.12% | 52.12% | 52.12% | 52.12% | 52.12% | 52.12% | 52.12% | 52.12% | 52.12% | 52.11% | 52.11% |
| FIIs | 2.60% | 2.71% | 2.55% | 2.86% | 3.23% | 3.35% | 3.47% | 3.73% | 3.93% | 3.15% | 2.82% | 2.43% |
| DIIs | 8.51% | 9.02% | 9.54% | 8.84% | 8.89% | 9.77% | 9.89% | 9.32% | 9.65% | 9.74% | 9.09% | 8.78% |
| Public | 36.76% | 36.16% | 35.79% | 36.18% | 35.76% | 34.77% | 34.51% | 34.84% | 34.31% | 35.00% | 35.97% | 36.69% |
| No. of Shareholders | 28,030 | 26,976 | 27,146 | 29,241 | 30,207 | 31,736 | 31,903 | 36,487 | 36,980 | 37,905 | 38,470 | 41,234 |
Fundamentals
Market Cap₹ 4,301 Cr.
Current Price₹ 3,548
Stock P/E21.0
Book Value₹ 402
ROCE58.4 %
ROE43.6 %
Dividend Yield3.10 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)21%
Compounded Profit Growth (TTM)18%
Standalone figures.
Valuation
Market capRs 4,303 Cr
Enterprise valueRs 4,184 Cr
P/E (TTM)21.32x
Price to book8.80x
Price to sales2.04x
EV / EBITDA14.22x
EV / EBIT15.41x
EV / sales1.98x
Price to cash flow36.93x
Earnings yield4.69%
Dividend yield3.11%
P/E, 3-year average23.04x
P/B, 3-year average9.01x
P/E, 5-year average19.52x
P/B, 5-year average7.54x
Profitability
Operating margin (excl. other income)13.56%
Operating margin (incl. other income)14.27%
EBITDA margin13.93%
Pre-tax margin12.84%
Net profit margin9.56%
Net margin, latest quarter9.44%
ROE43.23%
ROCE57.88%
ROA27.06%
ROE, 3-year average41.39%
ROCE, 3-year average55.43%
ROA, 3-year average26.43%
ROE, 5-year average40.55%
ROCE, 5-year average54.37%
ROA, 5-year average25.98%
ROIC (approx.)54.76%
Tax rate25.52%
Other income / net worth2.92%
Growth
Sales growth (latest year)19.34%
Profit growth (latest year)18.27%
Sales CAGR, 3 years12.18%
Sales CAGR, 5 years15.26%
Profit CAGR, 3 years13.68%
Profit CAGR, 5 years16.23%
Sales growth QoQ7.81%
Profit growth QoQ1.78%
Sales growth YoY (latest quarter)21.54%
Profit growth YoY (latest quarter)11.13%
Per share
EPS (TTM)Rs 166.18
EPS (latest year)Rs 161.61
EPS (latest quarter)Rs 45.71
EPS, 3-year averageRs 137.25
EPS, 5-year averageRs 122.38
Book value per shareRs 402.49
Sales per shareRs 1,738.16
Cash flow per shareRs 95.92
Free cash flow per shareRs 38.69
Dividend per share (latest year)Rs 110.02
Dividend per share, 3-year averageRs 103.19
Dividend per share, 5-year averageRs 96.32
Dividends
Dividend payout68.08%
Dividend payout, 3-year average76.10%
Dividend payout, 5-year average80.13%
Efficiency
Asset turnover2.58x
Fixed asset turnover18.78x
Inventory turnover21.61x
Inventory days17 days
Debtor days37 days
Debtors turnover9.73x
Creditor days58 days
Cash conversion cycle-3 days
Working capital days28 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 122 Cr
Net debtRs -120 Cr
Debt to equity0.00x
Net debt / EBITDA-0.41x
Interest coverage714.29x
Current ratio (filing 2026-03-31)2.06x
Quick ratio (filing 2026-03-31)1.79x
Trade payables (filing 2026-03-31)Rs 248 Cr
Owners' fund to total sources62.78%
Debt to assets0.26%
Cash flow
Cash from Operating Activity (latest year)Rs 117 Cr
Cash from Investing Activity (latest year)Rs 22 Cr
Cash from Financing Activity (latest year)Rs -128 Cr
Net Cash Flow (latest year)Rs 11 Cr
Free cash flow (latest year)Rs 47 Cr
FCFE (approx.: FCF + change in debt)Rs 47 Cr
Cash from ops / profit, 5 years0.90x
Sales to cash flow17.23x
Statement figures
Net sales (TTM)Rs 2,111 Cr
Net sales (latest year)Rs 2,007 Cr
Sales (latest quarter)Rs 588 Cr
Operating profit excl. other income (latest year)Rs 272 Cr
Operating profit (latest quarter)Rs 77 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 294 Cr
PBDT (TTM)Rs 294 Cr
Profit before tax (TTM)Rs 271 Cr
Tax (latest year)Rs 67 Cr
Net profit (TTM)Rs 202 Cr
Net profit (latest year)Rs 196 Cr
Net profit (latest quarter)Rs 56 Cr
Depreciation (TTM)Rs 23 Cr
Depreciation (latest quarter)Rs 6 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 1,617 Cr
Total expenditure (latest year)Rs 1,735 Cr
Total income (latest year)Rs 2,021 Cr
Share capitalRs 12 Cr
ReservesRs 477 Cr
Shareholders' fundsRs 489 Cr
Total assetsRs 779 Cr
Net blockRs 107 Cr
Capital work in progressRs 55 Cr
InvestmentsRs 19 Cr
ReceivablesRs 206 Cr
InventoryRs 75 Cr
Other liabilitiesRs 288 Cr
Shares outstanding (crore)1.21
Ownership
Promoter holding52.11% (-0.01 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 21.3 is at the 37th percentile of its own 9.4-year range
(median 22.2, low 13.3, high 41.4).
P/B 8.80 is at the 68th percentile (median 7.68).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | SWARAJENG | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.2% | -2.8% | +2.6 pts |
| 1 month | +0.1% | -6.8% | +6.9 pts |
| 3 months | -10.1% | -7.6% | -2.5 pts |
| 6 months | +7.1% | +0.4% | +6.7 pts |
| 1 year | -15.4% | -9.9% | -5.4 pts |
| 2 years | +7.4% | -13.6% | +21.0 pts |
| 3 years | +77.8% | +14.2% | +63.6 pts |
| 5 years | +114.1% | +27.9% | +86.2 pts |
7 mutual fund schemes hold about ₹337 Cr.
Over three months 0 bought more and 3 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| DSP Small Cap Fund | 1.21% | 261 | -10% |
| Parag Parikh Dynamic Asset Allocation Fund | 0.99% | 25 | +2% |
| Parag Parikh Conservative Hybrid Fund(M | 0.64% | 22 | -3% |
| Parag Parikh Flexi Cap Fund | 0.01% | 17 | -6% |
| Parag Parikh ELSS Tax Saver Fund | 0.20% | 11 | -1% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +1% |
| The Wealth Company Balanced Advantage Fund | 0.00% | 0 | -100% |
Red flags
F-score 7 of 8| explain | High accruals Profit exceeded operating cash by 10% of total assets in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹588 Cr +21.5% vs Jun 2025.
Net profit ₹56 Cr +12.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Cummins India Ltd | 133,056 | 54.5 | 39.5 % |
| Kirloskar Oil Engines Ltd | 34,965 | 61.4 | 14.6 % |
| Elgi Equipments Ltd | 18,851 | 40.6 | 22.1 % |
| Kirloskar Brothers Ltd | 14,677 | 36.3 | 20.4 % |
| KSB Ltd | 14,355 | 54.8 | 24.7 % |
| Ingersoll-Rand (India) Ltd | 13,243 | 48.2 | 57.1 % |
| Kirloskar Pneumatic Company Ltd | 8,892 | 32.6 | 30.3 % |
| Shakti Pumps (India) Ltd | 5,652 | 26.6 | 23.6 % |
| Greaves Cotton Ltd | 5,474 | 54.9 | 10.1 % |
| Oswal Pumps Ltd | 3,035 | 9.02 | 38.2 % |
| Yuken India Ltd | 1,547 | 98.9 | 7.40 % |
| Roto Pumps Ltd | 1,194 | 43.1 | 15.2 % |
| Latteys Industries Ltd | 118 | 28.0 | 16.3 % |
| Maks Energy Solutions India Ltd | 10 | 13.3 | 9.34 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-03 | Dividend - Rs 110 Per Share | |
| 2025-06-27 | Dividend - Rs 104.50 Per Share | |
| 2024-06-28 | Dividend - Rs 95 Per Share | |
| 2023-07-07 | Annual General Meeting/Dividend - Rs 92 Per Share | |
| 2022-06-30 | Dividend - Rs 80 Per Share | |
| 2021-07-01 | Dividend - Rs 50 Per Share/Special Dividend - Rs 19 Per Share | |
| 2020-07-02 | Dividend - Rs 25 Per Share Special Dividend - Rs 15 Per Share | |
| 2019-07-11 | Final Dividend - Rs 25 Per Share/ Special Dividend - Rs 25 Per Share | |
| 2018-07-12 | Annual General Meeting /Final Dividend Rs 25 Per Share/Special Dividend Rs 25/- Per Share | |
| 2018-01-11 | Buyback | |
| 2017-07-06 | Final Dividend Rs 18/- Per Share + Special Dividend Rs 25/- Per Share | |
| 2016-07-07 | Final Dividend - Rs 15/- And Special Dividend - Rs. 18/- | |
| 2015-07-09 | Final Dividend - Rs 15/- Per Share And Special Dividend - Rs 18/- Per Share | |
| 2014-07-10 | Annual General Meeting / Dividend - Rs 15/- Per Share + Special Dividend - Rs 20/- Per Share | |
| 2013-07-11 | Annual General Meeting/Dividend Final Rs.13 +Special Dividend Rs.20 Per Share | |
| 2012-07-12 | Dividend Rs.13/- Per Share | |
| 2011-07-14 | Dividend-Rs.10/- Per Share | |
| 2010-07-14 | Dividend-Rs.8/- Per Share | |
| 2009-06-02 | Dividend-Rs.5/- Per Share | |
| 2008-06-03 | Dividend - 50% | |
| 2007-09-06 | Agm | |
| 2006-08-30 | Agm/Dividend-75% |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.