Swaraj Engines Limited (SWARAJENG) - Net Assets
Based on the latest financial reports, Swaraj Engines Limited (SWARAJENG) has net assets worth Rs3.92 Billion INR (≈ $42.40 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs6.71 Billion ≈ $72.60 Million USD) and total liabilities (Rs2.79 Billion ≈ $30.21 Million USD). 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. Check asset resilience ratio of Swaraj Engines Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs3.92 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. Also explore SWARAJENG current and non-current assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Swaraj Engines Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs4.19 Billion ≈ $45.33 Million |
+13.74% |
| 2024-03-31 | Rs3.69 Billion ≈ $39.86 Million |
+7.70% |
| 2023-03-31 | Rs3.42 Billion ≈ $37.01 Million |
+11.95% |
| 2022-03-31 | Rs3.06 Billion ≈ $33.06 Million |
+8.95% |
| 2021-03-31 | Rs2.81 Billion ≈ $30.34 Million |
+18.94% |
| 2020-03-31 | Rs2.36 Billion ≈ $25.51 Million |
-0.88% |
| 2019-03-31 | Rs2.38 Billion ≈ $25.74 Million |
+4.15% |
| 2018-03-31 | Rs2.28 Billion ≈ $24.71 Million |
-19.36% |
| 2017-03-31 | Rs2.83 Billion ≈ $30.65 Million |
+32.39% |
| 2016-03-31 | Rs2.14 Billion ≈ $23.15 Million |
+0.93% |
| 2015-03-31 | Rs2.12 Billion ≈ $22.94 Million |
+1.05% |
| 2014-03-31 | Rs2.10 Billion ≈ $22.70 Million |
+8.33% |
| 2013-03-31 | Rs1.94 Billion ≈ $20.95 Million |
+4.00% |
| 2012-03-31 | Rs1.86 Billion ≈ $20.15 Million |
+22.37% |
| 2011-03-31 | Rs1.52 Billion ≈ $16.46 Million |
+24.02% |
| 2010-03-31 | Rs1.23 Billion ≈ $13.27 Million |
+26.57% |
| 2009-03-31 | Rs969.73 Million ≈ $10.49 Million |
+16.89% |
| 2008-03-31 | Rs829.63 Million ≈ $8.97 Million |
+9.35% |
| 2007-03-31 | Rs758.69 Million ≈ $8.20 Million |
+24.36% |
| 2006-03-31 | Rs610.07 Million ≈ $6.60 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 | Rs3.17 Billion | 75.51% |
| Common Stock | Rs121.50 Million | 2.90% |
| Other Comprehensive Income | Rs880.87 Million | 21.01% |
| Other Components | Rs24.32 Million | 0.58% |
| Total Equity | Rs4.19 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 |
|---|---|
|
Dongwon System
KO:014820
|
$525.56 Million |
|
TINC Comm VA
BR:TINC
|
$525.58 Million |
|
Rumere Co. Ltd.
SHE:301088
|
$525.58 Million |
|
Chang Lan Electric Technology Co Ltd
SHE:002879
|
$525.59 Million |
|
Tangel Publishing
SHE:300148
|
$525.36 Million |
|
Shandong Longji Machinery Co Ltd
SHE:002363
|
$525.25 Million |
|
Xingyuan Environment Technology Co Ltd
SHE:300266
|
$525.23 Million |
|
Elite Color Environmental Resources
SHE:002998
|
$525.01 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 | Rs1.66 Billion | +39.59% |
| Dividends Paid | Rs1.15 Billion | -27.53% |
| Share Repurchases | Rs2.00K | -0.0% |
| Share Issuances | Rs2.00K | +0.0% |
| Other Comprehensive Income | Rs211.00K | +0.01% |
| Other Changes | Rs332.00K | +0.01% |
| Total Change | Rs- | 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: 11.59x
- 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 81.42x to 11.59x 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 | Rs49.12 | Rs3999.20 | x |
| 2007-03-31 | Rs61.09 | Rs3999.20 | x |
| 2008-03-31 | Rs66.80 | Rs3999.20 | x |
| 2009-03-31 | Rs78.08 | Rs3999.20 | x |
| 2010-03-31 | Rs98.83 | Rs3999.20 | x |
| 2011-03-31 | Rs122.56 | Rs3999.20 | x |
| 2012-03-31 | Rs149.98 | Rs3999.20 | x |
| 2013-03-31 | Rs155.99 | Rs3999.20 | x |
| 2014-03-31 | Rs168.98 | Rs3999.20 | x |
| 2015-03-31 | Rs170.75 | Rs3999.20 | x |
| 2016-03-31 | Rs172.30 | Rs3999.20 | x |
| 2017-03-31 | Rs228.01 | Rs3999.20 | x |
| 2018-03-31 | Rs184.18 | Rs3999.20 | x |
| 2019-03-31 | Rs196.07 | Rs3999.20 | x |
| 2020-03-31 | Rs194.34 | Rs3999.20 | x |
| 2021-03-31 | Rs231.00 | Rs3999.20 | x |
| 2022-03-31 | Rs251.66 | Rs3999.20 | x |
| 2023-03-31 | Rs281.71 | Rs3999.20 | x |
| 2024-03-31 | Rs303.37 | Rs3999.20 | x |
| 2025-03-31 | Rs345.02 | Rs3999.20 | 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 | Rs78.86 Million |
| 2007 | 19.59% | 11.49% | 1.35x | 1.26x | Rs72.75 Million |
| 2008 | 17.31% | 11.46% | 1.17x | 1.30x | Rs60.64 Million |
| 2009 | 21.94% | 10.22% | 1.66x | 1.29x | Rs115.78 Million |
| 2010 | 30.43% | 13.23% | 1.68x | 1.37x | Rs250.81 Million |
| 2011 | 28.85% | 12.18% | 1.70x | 1.39x | Rs286.90 Million |
| 2012 | 28.36% | 11.78% | 1.70x | 1.41x | Rs341.96 Million |
| 2013 | 28.60% | 11.57% | 1.59x | 1.55x | Rs360.29 Million |
| 2014 | 31.93% | 11.02% | 1.82x | 1.59x | Rs460.16 Million |
| 2015 | 24.45% | 9.61% | 1.66x | 1.53x | Rs306.34 Million |
| 2016 | 23.92% | 9.74% | 1.56x | 1.57x | Rs297.96 Million |
| 2017 | 24.29% | 10.33% | 1.79x | 1.31x | Rs404.98 Million |
| 2018 | 35.05% | 10.44% | 2.21x | 1.52x | Rs572.50 Million |
| 2019 | 34.63% | 9.50% | 2.37x | 1.54x | Rs586.23 Million |
| 2020 | 30.12% | 9.22% | 2.17x | 1.51x | Rs474.53 Million |
| 2021 | 32.98% | 9.41% | 2.15x | 1.63x | Rs644.87 Million |
| 2022 | 35.81% | 9.66% | 2.46x | 1.51x | Rs789.07 Million |
| 2023 | 39.04% | 9.40% | 2.65x | 1.57x | Rs993.92 Million |
| 2024 | 37.41% | 9.71% | 2.55x | 1.51x | Rs1.01 Billion |
| 2025 | 39.59% | 9.87% | 2.50x | 1.60x | Rs1.24 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: $19,498,253,872
- Average return on equity (ROE) among peers: 10.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Swaraj Engines Limited (SWARAJENG) | Rs3.92 Billion | 22.93% | 0.71x | $525.48 Million |
| Asahi India Glass Limited (ASAHIINDIA) | $26.42 Billion | 14.05% | 1.57x | $2.31 Billion |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $8.17 Billion | 21.28% | 0.92x | $972.52 Million |
| Balkrishna Industries Limited (BALKRISIND) | $35.43 Billion | 20.23% | 0.63x | $4.73 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $1.36 Billion | 31.89% | 0.52x | $984.21 Million |
| Bharat Gears Limited (BHARATGEAR) | $795.74 Million | -23.60% | 3.70x | $19.90 Million |
| Bosch Limited (BOSCHLTD) | $83.97 Billion | 12.05% | 0.33x | $12.17 Billion |
| CEAT Limited (CEATLTD) | $27.90 Billion | 9.04% | 1.30x | $1.45 Billion |
| CIE Automotive India Limited (CIEINDIA) | $1.77 Billion | -6.74% | 0.78x | $1.95 Billion |
| Craftsman Automation Limited (CRAFTSMAN) | $6.83 Billion | 14.25% | 2.40x | $2.32 Billion |
| Divgi Torqtransfer Systems Limited (DIVGIITTS) | $2.34 Billion | 16.90% | 0.19x | $245.08 Million |
About 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.