Swaraj Engines Ltd
SWAR

Swaraj Engines Ltd (SWARAJENG)

₹1576.951.2%

Key Stats

₹1548
Day's Price Range
₹1593
₹1291.55
52-Week Price Range
₹2000
1 Month Return3.55 %
3 Month Return17.59 %
1 Year Return1.68 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 73
EPS
Rank 73
BVPS
Rank 74
Dividend Yield
Rank 46
ROE
Rank 3
35.84%
Price To Book Ratio
Rank 63
Debt To Asset
Rank 74

Company Information

Swaraj Engines Ltd a Joint Venture between Punjab Tractors Ltd and Kirloskar Engines was set up primarily to manufacture engines for supply to Punjab Tractors. The Company was incorporated in Sep 85 under the Management Control of Punjab Tractors to Manufacture and market diesel engines ranging from 15hp to 80hp.Swaraj Engines Ltd SEL supplies 5 types of Engines from 20HP range to 50HP range to Punjab Tractors LtdPTL. In addition to engines the Company also manufactures hightech engine components for Swaraj Mazda. Since the Companies Operations in 198990 SEL has supplied over 240000 engines for fitment into Swaraj Tractors being produced and sold by PTL.The Companies initial public offer and allotment was in 1989. The Company came out with a Public Issue aggregating to Rs.0.89 crores to partfinance Rs.4.5 crore project to manufacture 16000 diesel engines. The Technology was provided by KOEL Kirloskar Oil Engines Ltd. In the First year of full operations 198990 the company declared its maiden dividend of 20 The Company has its plant at SAS Nagar Ropar Punjab.During 19962000 the Company expanded engine assembly capacity to 36000 per annum on 2 shift basis. SEL also commissioned Matching Shop facilities for Manufacturing hightech engine components. In the year 1999 Swaraj Engines also setup facilities for Manufacturing hightech engine components for Swaraj Mazda Vehicles such as Cylinder block and cylinder head.During 20022003 Punjab State Industrial Development Corporation PSIDC initiated a disinvestments process covering entire Equity stake of 23.49 held by it in Punjab Tractors LtdPromoters of the Company with 33 stake. CDC Financial ServicesMauritius Ltd CDCFS was the Successful bidder for acquiring PSIDCs stake of 14274000 shares 153/ per share. As per SEBI Guidelines CDCFS CDCPTL made a public announcement regarding an offer to the public to buy upto 20 of Companys total paid up equity i.e 827988 shares Rs.205/ per share.The Board of Directors in their meeting held on June 17 2005 announched bonus issue in the ratio of 2:1 by Capitalization of General Reserve
OrganisationSwaraj Engines Ltd
HeadquartersMohali
IndustryCapital Goods-Non Electrical Equipment