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Swaraj Engines Ltd

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NSEBSE

1995.009.45 (0.48%)

12:19 PM,4th Oct 2023

1996.408.40 (0.42%)

12:29 PM,4th Oct 2023

BSE : 500407

NSE : SWARAJENG

Sector : Engineering

ISIN Code : INE277A01016

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Last Updated: Oct 04 2023 | 12:29 PM IST

Market Cap (₹ Cr)

2423

Turnover (₹ Cr)

0.04

Volume (Shares)

1961

Face Value

10

52-WK High

2299.00

52-WK High Date

06 Jul 2023

52-WK Low

1513.20

52-WK Low Date

16 Mar 2023

All Time High

2423.95

All Time High Date

19 Jun 2017

All Time Low

41.67

All Time Low Date

21 Aug 1995

Swaraj Engines Ltd

Swaraj Engines Ltd. (SEL) is primarily manufacturing diesel engines for fitment into Swaraj tractors being manufactured by Mahindra & Mahindra Ltd. (M&M). SEL is supplying diesel Engines in the range of 20 HP to 65 HP. Since the start of commercial operations in 1989-90 Company has supplied around 1.3 million engines for fitment into Swaraj tractors.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 Ltd(PTL). In addition to engines the Company also manufactures high-tech engine components for Swaraj Mazda. Since the Companies Operations in 1989-90 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 part-finance 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 1989-90 the company declared its maiden dividend of 20% The Company has its plant at SAS Nagar Ropar Punjab.During 1996-2000 the Company expanded engine assembly capacity to 36000 per annum on 2 shift basis. SEL also commissioned Matching Shop facilities for Manufacturing high-tech engine components. In the year 1999 Swaraj Engines also set-up facilities for Manufacturing high-tech engine components for Swaraj Mazda Vehicles such as Cylinder block and cylinder head.During 2002-2003 Punjab State Industrial Development Corporation (PSIDC) initiated a disinvestments process covering entire Equity stake of 23.49% held by it in Punjab Tractors Ltd(Promoters of the Company with 33% stake). CDC Financial Services(Mauritius) Ltd (CDCFS) was the Successful bidder for acquiring PSIDC's stake of 14274000 shares @153/- per share. As per SEBI Guidelines CDCFS & CDC-PTL made a public announcement regarding an offer to the public to buy upto 20% of Company's total paid up equity i.e 827988 shares @ Rs.205/- per share.Two major Shareholders of Punjab Tractors Ltd. (PTL) namely CDC/Actis Group and Burman family had entered into a Share Purchase Agreement (SPA) on 8th March 2007 with Mahindra & Mahindra Ltd. (M&M) and Mahindra Holdings & Finance Ltd. (MHFL) for sale of their aggregate equity stake of 43.3% in PTL at Rs. 360/- per share. Thereafter M&M and MHFL had made an open offer to the Shareholders of PTL for acquiring another 20% equity of PTL. The entire process was completed in early July 2007 which took Mahindra Group's total equity holding in PTL to 64.64%. Through the applicable SEBI guidelines M&M & MHFL made an open offer in end May 2007 to buy upto 20% of SEL's total paid up equity @ Rs. 151/- per share and by response in their open offer they acquired some 7000 shares of the Company.On approval upon the Scheme of Amalgamation Tractors Limited (PTL) was merged with Mahindra & Mahindra Limited (M&M) during the year 2008-09 with the Appointed date 1st August 2008. Resultantly the merger became effective from 16th February 2009 and on completion of the said Merger the shareholding of PTL in the Company (33.2%) was transferred in favour of M&M.During the year 2022 the Company completed enhanced capacity of 150000 engines per annum.

Swaraj Engines Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

2423

EPS - TTM (₹) [S]

111.14

P/E Ratio (X) [S]

7.08

Face Value (₹) 10
Latest Dividend (%)920.00
Latest Dividend Date 07 Jul 2023
Dividend Yield (%) 4.63
Book Value Share (₹) [S]281.63
P/B Ratio (₹) [S]7.08
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
HDFC Hybrid Debt Fund (G) 6.10 30000 0.21
HDFC Hybrid Debt Fund (IDCW-M) 6.10 30000 0.21
HDFC Hybrid Debt Fund (IDCW-Q) 6.10 30000 0.21
HDFC Hybrid Debt Fund - Direct (G) 6.10 30000 0.21
HDFC Hybrid Debt Fund - Direct (IDCW-M) 6.10 30000 0.21
HDFC Hybrid Debt Fund - Direct (IDCW-Q) 6.10 30000 0.21

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

1984.95

2002.00

Week Low/High

1918.30

2011.00

Month Low/High

1918.30

2230.00

Year Low/High

1513.20

2299.00

All time Low/High

5.42

2424.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week0.25%0.15%-1.78-1.74%
1 Month-2.41%-2.51%-1.05-0.79%
3 Month-10.51%-10.41%-0.82-0.08%
6 Month25.72%25.87%9.8711.35%
1 Year24.40%24.36%11.8412.15%
3 Year36.46%36.59%67.8269.69%

Financials

Graph
Table

Bulk/ Block

ALL
NSE
BSE
ALL
BUY
SELL
DateClient NameExchangeTransactionQuantityPrice
03-06-2019JUPITER INDIA FUNDNSESELL1776181387.00
03-06-2019MAHINDRA & MAHINDRA LIMITEDNSEBUY1775861387.00
16-11-2016CATAMARAN CAPITALNSESELL1663001250.11
08-08-2012SBI MUTUAL FUND A/C MMCFBSEBUY200000401.90
08-08-2012SBI ONE INDIA FUNDBSESELL200000401.90
29-07-2009DERIVE TRADING PVT LTDBSEBUY50000305.00
29-07-2009RELIANCE CAPITAL TRUSTEE CO. LTD A/C RELIANCE TAX SAVER(ELSS) FUBSESELL60000305.25
12-02-2008AMAS INDIA INVESTMENTS MAURITIUS LIMITEDBSESELL106781252.75
12-02-2008RELIANCE CAPITAL TRUSTEE CO LTD AC RELIANCE TAX SAVER ELSS FUNDBSEBUY106922252.75
08-01-2008AMAS INDIA INV. MAURITIUS LTDBSEBUY110000352.95

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Peer Group Comparison

NamePrice(In Rs)Chg(%)Mkt Cap(Rs Cr)Sales(Rs Cr)Profit(Rs Cr)EPS(Rs)P/E(x)

Shareholding Pattern

Jun 2023
Archive
CategoryShare(%)
Promoter52.12
Financial Institutions Banks0.00
Foreign Institutional Investors2.50
Insurance Companies0.08
Mutual Funds Uti8.31
Other Institutional Investors0.90
Indian Public30.75
Others Non Institutional Investors5.34
Custodians0.00

Corporate Action

Announcement DatePurposeFromToRemarks
Data Not Found

Price History

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DateOpenHighLowCloseSharesTrades
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Company Info

Company Information

Independent Director : Dileep C Choksi

Independent Director : Neera Saggi

Chairman (Non-Executive) : Rajesh Jejurikar

Company Sec. & Compli. Officer : Rajesh Kumar Kapila

Independent Director : Nagarajan Sivaramakrishnan

Independent Director : Nikhilesh Panchal

Whole Time Director & CEO : Giju Kurian

Director : Puneet Renjhen

Additional Director : SMITA MANKAD

Registered Office: Phase IV Industrial area, SAS Nagar,Mohali,Punjab-160055 Ph: 91-172-2271620-27

Email:selinvestor@swarajenterprise.com

URL:http://www.swarajenterprise.com