Swaraj Engines Limited
Swaraj Engines Limited manufactures and sells diesel engines and its engine components, hi-tech engine, and spare parts for tractors in India. The company was incorporated in 1985 and is based in Mohali, India. Swaraj Engines Limited is a subsidiary of Mahindra & Mahindra Limited.
Swaraj Engines Limited (SWARAJENG) - Net Assets
Latest net assets as of September 2025: ₹3.92 Billion INR
Based on the latest financial reports, Swaraj Engines Limited (SWARAJENG) has net assets worth ₹3.92 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹6.71 Billion) and total liabilities (₹2.79 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹3.92 Billion |
| % of Total Assets | 58.4% |
| Annual Growth Rate | 10.68% |
| 5-Year Change | 49.41% |
| 10-Year Change | 95.84% |
| Growth Volatility | 11.84 |
Swaraj Engines Limited - Net Assets Trend (2006–2025)
This chart illustrates how Swaraj Engines Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Swaraj Engines Limited (2006–2025)
The table below shows the annual net assets of Swaraj Engines Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹4.19 Billion | +13.74% |
| 2024-03-31 | ₹3.69 Billion | +7.70% |
| 2023-03-31 | ₹3.42 Billion | +11.95% |
| 2022-03-31 | ₹3.06 Billion | +8.95% |
| 2021-03-31 | ₹2.81 Billion | +18.94% |
| 2020-03-31 | ₹2.36 Billion | -0.88% |
| 2019-03-31 | ₹2.38 Billion | +4.15% |
| 2018-03-31 | ₹2.28 Billion | -19.36% |
| 2017-03-31 | ₹2.83 Billion | +32.39% |
| 2016-03-31 | ₹2.14 Billion | +0.93% |
| 2015-03-31 | ₹2.12 Billion | +1.05% |
| 2014-03-31 | ₹2.10 Billion | +8.33% |
| 2013-03-31 | ₹1.94 Billion | +4.00% |
| 2012-03-31 | ₹1.86 Billion | +22.37% |
| 2011-03-31 | ₹1.52 Billion | +24.02% |
| 2010-03-31 | ₹1.23 Billion | +26.57% |
| 2009-03-31 | ₹969.73 Million | +16.89% |
| 2008-03-31 | ₹829.63 Million | +9.35% |
| 2007-03-31 | ₹758.69 Million | +24.36% |
| 2006-03-31 | ₹610.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Swaraj Engines Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 316530800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹3.17 Billion | 75.51% |
| Common Stock | ₹121.50 Million | 2.90% |
| Other Comprehensive Income | ₹880.87 Million | 21.01% |
| Other Components | ₹24.32 Million | 0.58% |
| Total Equity | ₹4.19 Billion | 100.00% |
Swaraj Engines Limited Competitors by Market Cap
The table below lists competitors of Swaraj Engines Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arizona Sonoran Copper Company Inc.
OTCQX:ASCUF
|
$218.14 Million |
|
Zhejiang XiaSha Precision
SHE:001316
|
$218.15 Million |
|
Henan Provincial Communications Planning & Design Institute Co Ltd Class A
SHE:300732
|
$218.19 Million |
|
Shree Renuka Sugars Limited
NSE:RENUKA
|
$218.20 Million |
|
Kerry Logistics Network Limited
OTCGREY:KRRYF
|
$218.09 Million |
|
Nanjing Medlander Medical Technology Co. Ltd. A
SHG:688273
|
$218.05 Million |
|
VOYAGEURS DU MONDE EO 1
F:8Z4
|
$218.00 Million |
|
Avex Inc.
PINK:AVEXF
|
$217.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Swaraj Engines Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,685,657,000 to 4,192,000,000, a change of 506,343,000 (13.7%).
- Net income of 1,659,800,000 contributed positively to equity growth.
- Dividend payments of 1,154,000,000 reduced retained earnings.
- Share repurchases of 2,000 reduced equity.
- New share issuances of 2,000 increased equity.
- Other comprehensive income increased equity by 211,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.66 Billion | +39.59% |
| Dividends Paid | ₹1.15 Billion | -27.53% |
| Share Repurchases | ₹2.00K | -0.0% |
| Share Issuances | ₹2.00K | +0.0% |
| Other Comprehensive Income | ₹211.00K | +0.01% |
| Other Changes | ₹332.00K | +0.01% |
| Total Change | ₹- | 13.74% |
Book Value vs Market Value Analysis
This analysis compares Swaraj Engines Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.34x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 72.61x to 10.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹49.12 | ₹3566.70 | x |
| 2007-03-31 | ₹61.09 | ₹3566.70 | x |
| 2008-03-31 | ₹66.80 | ₹3566.70 | x |
| 2009-03-31 | ₹78.08 | ₹3566.70 | x |
| 2010-03-31 | ₹98.83 | ₹3566.70 | x |
| 2011-03-31 | ₹122.56 | ₹3566.70 | x |
| 2012-03-31 | ₹149.98 | ₹3566.70 | x |
| 2013-03-31 | ₹155.99 | ₹3566.70 | x |
| 2014-03-31 | ₹168.98 | ₹3566.70 | x |
| 2015-03-31 | ₹170.75 | ₹3566.70 | x |
| 2016-03-31 | ₹172.30 | ₹3566.70 | x |
| 2017-03-31 | ₹228.01 | ₹3566.70 | x |
| 2018-03-31 | ₹184.18 | ₹3566.70 | x |
| 2019-03-31 | ₹196.07 | ₹3566.70 | x |
| 2020-03-31 | ₹194.34 | ₹3566.70 | x |
| 2021-03-31 | ₹231.00 | ₹3566.70 | x |
| 2022-03-31 | ₹251.66 | ₹3566.70 | x |
| 2023-03-31 | ₹281.71 | ₹3566.70 | x |
| 2024-03-31 | ₹303.37 | ₹3566.70 | x |
| 2025-03-31 | ₹345.02 | ₹3566.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Swaraj Engines Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 39.59%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.87%
- • Asset Turnover: 2.50x
- • Equity Multiplier: 1.60x
- Recent ROE (39.59%) is above the historical average (29.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 22.93% | 10.91% | 1.38x | 1.53x | ₹78.86 Million |
| 2007 | 19.59% | 11.49% | 1.35x | 1.26x | ₹72.75 Million |
| 2008 | 17.31% | 11.46% | 1.17x | 1.30x | ₹60.64 Million |
| 2009 | 21.94% | 10.22% | 1.66x | 1.29x | ₹115.78 Million |
| 2010 | 30.43% | 13.23% | 1.68x | 1.37x | ₹250.81 Million |
| 2011 | 28.85% | 12.18% | 1.70x | 1.39x | ₹286.90 Million |
| 2012 | 28.36% | 11.78% | 1.70x | 1.41x | ₹341.96 Million |
| 2013 | 28.60% | 11.57% | 1.59x | 1.55x | ₹360.29 Million |
| 2014 | 31.93% | 11.02% | 1.82x | 1.59x | ₹460.16 Million |
| 2015 | 24.45% | 9.61% | 1.66x | 1.53x | ₹306.34 Million |
| 2016 | 23.92% | 9.74% | 1.56x | 1.57x | ₹297.96 Million |
| 2017 | 24.29% | 10.33% | 1.79x | 1.31x | ₹404.98 Million |
| 2018 | 35.05% | 10.44% | 2.21x | 1.52x | ₹572.50 Million |
| 2019 | 34.63% | 9.50% | 2.37x | 1.54x | ₹586.23 Million |
| 2020 | 30.12% | 9.22% | 2.17x | 1.51x | ₹474.53 Million |
| 2021 | 32.98% | 9.41% | 2.15x | 1.63x | ₹644.87 Million |
| 2022 | 35.81% | 9.66% | 2.46x | 1.51x | ₹789.07 Million |
| 2023 | 39.04% | 9.40% | 2.65x | 1.57x | ₹993.92 Million |
| 2024 | 37.41% | 9.71% | 2.55x | 1.51x | ₹1.01 Billion |
| 2025 | 39.59% | 9.87% | 2.50x | 1.60x | ₹1.24 Billion |
Industry Comparison
This section compares Swaraj Engines Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $13,046,583,226
- Average return on equity (ROE) among peers: 17.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Swaraj Engines Limited (SWARAJENG) | ₹3.92 Billion | 22.93% | 0.71x | $218.10 Million |
| Apollo Tyres Limited (APOLLOTYRE) | $34.01 Billion | 18.01% | 1.52x | $1.47 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $26.42 Billion | 14.05% | 1.57x | $816.27 Million |
| Automotive Stampings and Assemblies Limited (ASAL) | $562.65 Million | 17.77% | 2.25x | $18.73 Million |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $221.89 Million |
| Automotive Axles Limited (AUTOAXLES) | $3.02 Billion | 6.60% | 0.72x | $86.08 Million |
| Autoline Industries Limited (AUTOIND) | $1.39 Billion | 7.99% | 2.15x | $11.92 Million |
| Balkrishna Industries Limited (BALKRISIND) | $8.61 Billion | 22.59% | 1.53x | $1.99 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $1.36 Billion | 31.89% | 0.52x | $286.08 Million |
| BELRISE INDUSTRIES LTD (BELRISE) | $20.45 Billion | 15.34% | 1.78x | $541.77 Million |
| Bharat Forge Limited (BHARATFORG) | $24.21 Billion | 12.59% | 2.14x | $5.17 Billion |