| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 635 | 504 | +26.0% |
| EBITDA | 86.5 | 68.0 | +27.1% |
| EBITDA margin | 13.6% | 13.5% | +0.1 pts |
| Profit before tax | 81.4 | 66.8 | +21.9% |
| Net profit | 60.6 | 49.7 | +21.9% |
| EPS | ₹49.86 | ₹40.89 | +21.9% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 4,206 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 49.9 | 36.5 | 25.8 | 24.3 | 29.8 | ||
| 4,156 | — | — | — | — | ||
| 2,243 | 2,007 | 1,682 | 1,419 | 1,422 | ||
| — | +19.3% | +18.5% | −0.2% | — | ||
| 300 | 272 | 227 | 188 | 186 | ||
| 13.4% | 13.6% | 13.5% | 13.3% | 13.1% | ||
| 277 | 250 | 207 | 171 | 168 | ||
| 213 | 196 | 166 | 138 | 134 | ||
| 9.5% | 9.8% | 9.9% | 9.7% | 9.4% | ||
| ₹175.11 | ₹161.57 | ₹136.61 | ₹113.47 | ₹109.97 | ||
| — | +18.3% | +20.4% | +3.2% | — | ||
| — | 117 | 177 | 142 | 133 | ||
| — | −69.8 | −24.5 | −47.8 | −12.9 | ||
| 46.7 | 46.7 | 152 | 94.6 | 120 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 4,205.6 | |
| - Cash, Equiv & ST Investments | 29.8 | 24.3 | 25.8 | 36.5 | 49.9 | |
| Enterprise Value | — | — | — | — | 4,155.7 | |
| Revenue | 1,421.8 | 1,419.2 | 1,681.9 | 2,007.1 | 2,242.6 | |
| Growth %, YoY | — | -0.2 | +18.5 | +19.3 | — | |
| EBITDA | 186.4 | 188.2 | 227.3 | 272.1 | 300.2 | |
| Margin % | 13.11 | 13.26 | 13.52 | 13.56 | 13.39 | |
| EBIT | 167.9 | 170.9 | 207.0 | 249.7 | 276.7 | |
| Net Income | 133.6 | 137.9 | 166.0 | 196.3 | 212.8 | |
| Margin % | 9.40 | 9.71 | 9.87 | 9.78 | 9.49 | |
| EPS, Adj (current shares) | 109.97 | 113.47 | 136.61 | 161.57 | 175.11 | |
| Growth %, YoY | — | +3.2 | +20.4 | +18.3 | — | |
| Cash from Operations | 132.8 | 142.4 | 176.7 | 116.5 | — | |
| Capital Expenditures | -12.9 | -47.8 | -24.5 | -69.8 | — | |
| Free Cash Flow | 120.0 | 94.6 | 152.2 | 46.7 | 46.7 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Swaraj Engines (NSE: SWARAJENG) had a market capitalisation of ₹4,161 crore at the 30 October 2026 close (₹3,424.90 a share), a PE ratio of 19.6 on the last four quarters' profit and a price-to-book ratio of 8.83. In FY26 its consolidated net profit was ₹196 crore on revenue of ₹2,007 crore; in Q2 FY27 (July–September 2026) it was ₹60.6 crore, up 21.9% year on year. It had no borrowings on 30 September 2026. Promoters held 52.11% of the shares on 30 September 2026.
Swaraj Engines' PE ratio is 19.6 at the 30 October 2026 close (₹3,424.90 a share): a market capitalisation of ₹4,161 crore divided by consolidated net profit of ₹213 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹196 crore) it is 21.2.
Swaraj Engines' debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹471 crore. A year earlier, on 30 September 2025, it was 0.00.
Swaraj Engines' net worth — shareholders' equity in its consolidated balance sheet — was ₹471 crore on 30 September 2026, up 20.3% from ₹392 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹4,161 crore at the 30 October 2026 close.
Swaraj Engines' price-to-book (PB) ratio is 8.83 at the 30 October 2026 close: a market capitalisation of ₹4,161 crore divided by shareholders' equity (book value) of ₹471 crore on 30 September 2026. That is a book value of ₹388.04 per share against a share price of ₹3,424.90.
In FY26, Swaraj Engines' return on equity (ROE) was 43.2% and its return on capital employed (ROCE) was 53.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 42.1% and ROCE 51.5%.
Swaraj Engines' book value per share was ₹388.04 on 30 September 2026: shareholders' equity of ₹471 crore divided by the 1.22 crore shares in issue, up 20.3% from ₹322.65 a year earlier. The share price at the 30 October 2026 close was ₹3,424.90.
Swaraj Engines' market capitalisation was ₹4,161 crore at the 30 October 2026 close: 1.22 crore shares at ₹3,424.90 each.
Yes. Swaraj Engines had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹102 crore of cash, bank balances and current investments.
In 2026, Swaraj Engines has declared one dividend: ₹110 with record date 3 July 2026.
Swaraj Engines' basic earnings per share (EPS) were ₹161.60 in FY26, against ₹136.64 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹175.13.
Swaraj Engines' dividend yield is 3.21% at the 30 October 2026 close: dividends of ₹110 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹3,424.90. They were ₹110 on 3 July 2026.
Promoters held 52.11% of Swaraj Engines on 30 September 2026, unchanged from the previous quarter and down 0.01 percentage points from 52.12% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Swaraj Engines' shares were held by promoters 52.11%, foreign portfolio investors (FII/FPI) 2.26%, domestic institutions (DII) 8.76% (including mutual funds at 7.77%) and retail and other non-institutional investors 36.88%. Over the year, FII holding was down 1.67 percentage points from 3.93% and DII holding was down 0.89 percentage points from 9.65%.
At the 30 October 2026 closing prices, on FY26 net profit, Swaraj Engines' PE ratio is 21.2, the lowest of the four: Ingersoll Rand 49.7, Yuken India 109.7 and Roto Pumps 44.8, a peer average of 68.1. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Swaraj Engines earned net profit of ₹196 crore on revenue of ₹2,007 crore, against ₹256 crore on ₹1,392 crore for Ingersoll Rand. Swaraj Engines' operating margin was 12.4% (Ingersoll Rand 22.9%) and its return on equity 43.2% (Ingersoll Rand 41.8%). At the 30 October 2026 close, Swaraj Engines' market capitalisation was ₹4,161 crore against ₹12,717 crore for Ingersoll Rand, and its PE ratio on FY26 profit 21.2 against 49.7.
In FY26, Swaraj Engines generated ₹117 crore of cash from operations and spent ₹69.8 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹46.7 crore. In FY25 it was ₹152 crore.
Swaraj Engines' latest results are for Q2 FY27 (July–September 2026), filed on 12 October 2026: consolidated net profit ₹60.6 crore, up 21.9% from ₹49.7 crore in Q2 FY26; revenue from operations ₹635 crore, up 26.0% year on year.
Swaraj Engines has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26 (April 2025–March 2026), Swaraj Engines' consolidated net profit was ₹196 crore, up 18.3% from ₹166 crore in FY25, on revenue from operations of ₹2,007 crore (up 19.3%). Over three years, from FY23, net profit was up 46.9%.
On FY26 consolidated figures, against Ingersoll Rand, Yuken India and Roto Pumps: Swaraj Engines' operating margin of 12.4% is the second highest of the four (Ingersoll Rand 22.9%, Yuken India 6.3%, Roto Pumps 12.3%; peer average 13.8%); its return on equity of 43.2% is the highest of the four (Ingersoll Rand 41.8%, Yuken India 4.3%, Roto Pumps 10.7%; peer average 18.9%); its revenue growth over three years of 12.2% a year is the highest of the four (Ingersoll Rand 6.6% a year, Yuken India 7.5% a year, Roto Pumps 8.0% a year; peer average 7.3% a year).
From Swaraj Engines' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.