| ₹ 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 |
|---|
| 4,178 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 49.9 | 36.5 | 25.8 | 24.3 | 29.8 | ||
| 4,128 | — | — | — | — | ||
| 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 | — | — | — | — | 4,177.8 | |
| - Cash, Equiv & ST Investments | 29.8 | 24.3 | 25.8 | 36.5 | 49.9 | |
| Enterprise Value | — | — | — | — | 4,127.9 | |
| 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 previous close · figures from the company's filings with NSE
Swaraj Engines (NSE: SWARAJENG) had a market capitalisation of ₹4,178 crore at the previous close (₹3,438.50 a share), a PE ratio of 19.6 on the last four quarters' profit and a price-to-book ratio of 8.86. 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 previous close (₹3,438.50 a share): a market capitalisation of ₹4,178 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 21.3.
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 ₹4,178 crore at the previous close.
Swaraj Engines' price-to-book (PB) ratio is 8.86 at the previous close: a market capitalisation of ₹4,178 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 ₹3,438.50.
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 previous close was ₹3,438.50.
Swaraj Engines' market capitalisation was ₹4,178 crore at the previous close: 1.22 crore shares at ₹3,438.50 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 3.20% at the previous close: dividends of ₹110 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹3,438.50. 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%.
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.
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%.
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 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, 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%).
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. 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.