Swaraj Engines Limited

NSEI:SWARAJENG Stock Report

Market Cap: ₹36.1b

Swaraj Engines Valuation

Is SWARAJENG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SWARAJENG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SWARAJENG (₹2941.4) is trading above our estimate of fair value (₹1942.93)

Significantly Below Fair Value: SWARAJENG is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SWARAJENG?

Key metric: As SWARAJENG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SWARAJENG. This is calculated by dividing SWARAJENG's market cap by their current earnings.
What is SWARAJENG's PE Ratio?
PE Ratio24.2x
Earnings₹1.48b
Market Cap₹36.14b

Price to Earnings Ratio vs Peers

How does SWARAJENG's PE Ratio compare to its peers?

The above table shows the PE ratio for SWARAJENG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average43.2x
531266 V.S.T. Tillers Tractors
36.6x13.6%₹43.4b
500219 Jain Irrigation Systems
88.4xn/a₹45.4b
UNIPARTS Uniparts India
18x27.5%₹18.2b
ESCORTS Escorts Kubota
29.8x12.0%₹348.7b
SWARAJENG Swaraj Engines
24.2x10.5%₹36.1b

Price-To-Earnings vs Peers: SWARAJENG is good value based on its Price-To-Earnings Ratio (24.2x) compared to the peer average (43.2x).

Price to Earnings Ratio vs Industry

How does SWARAJENG's PE Ratio compare vs other companies in the IN Machinery Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
504220 W.S. Industries (India)
4.9xn/aUS$89.78m
DIL Debock Industries
4.8xn/aUS$5.90m
531911 Galaxy Agrico Exports
4.8xn/aUS$1.51m
No more companies available in this PE range
SWARAJENG 24.2xIndustry Avg. 39.2xNo. of Companies23PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SWARAJENG is good value based on its Price-To-Earnings Ratio (24.2x) compared to the Indian Machinery industry average (39.2x).

Price to Earnings Ratio vs Fair Ratio

What is SWARAJENG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SWARAJENG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.2x
Fair PE Ratio24.9x

Price-To-Earnings vs Fair Ratio: SWARAJENG is good value based on its Price-To-Earnings Ratio (24.2x) compared to the estimated Fair Price-To-Earnings Ratio (24.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SWARAJENG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹2,941.40
₹3,485.00
+18.5%
2.4%₹3,570.00₹3,400.00n/a2
Dec ’25₹3,141.45
₹3,485.00
+10.9%
2.4%₹3,570.00₹3,400.00n/a2
Nov ’25₹3,048.70
₹3,485.00
+14.3%
2.4%₹3,570.00₹3,400.00n/a2
Oct ’25₹3,213.55
₹3,361.00
+4.6%
3.3%₹3,472.00₹3,250.00n/a2
Sep ’25₹3,405.00
₹3,361.00
-1.3%
3.3%₹3,472.00₹3,250.00n/a2
Aug ’25₹3,093.20
₹3,361.00
+8.7%
3.3%₹3,472.00₹3,250.00n/a2
Jul ’25₹2,866.45
₹2,469.00
-13.9%
9.9%₹2,713.00₹2,225.00n/a2
Jun ’25₹2,466.85
₹2,469.00
+0.09%
9.9%₹2,713.00₹2,225.00n/a2
May ’25₹2,468.85
₹2,469.00
+0.006%
9.9%₹2,713.00₹2,225.00n/a2
Apr ’25₹2,330.55
₹2,364.00
+1.4%
5.9%₹2,503.00₹2,225.00n/a2
Mar ’25₹2,541.05
₹2,364.00
-7.0%
5.9%₹2,503.00₹2,225.00n/a2
Feb ’25₹2,367.15
₹2,364.00
-0.1%
5.9%₹2,503.00₹2,225.00n/a2
Jan ’25₹2,404.75
₹2,306.00
-4.1%
3.5%₹2,387.00₹2,225.00n/a2
Dec ’24₹2,202.60
₹2,306.00
+4.7%
3.5%₹2,387.00₹2,225.00₹3,141.452
Nov ’24₹2,035.90
₹2,306.00
+13.3%
3.5%₹2,387.00₹2,225.00₹3,048.702
Oct ’24₹1,992.55
₹2,000.00
+0.4%
11.3%₹2,225.00₹1,775.00₹3,213.552
Sep ’24₹2,018.15
₹2,000.00
-0.9%
11.3%₹2,225.00₹1,775.00₹3,405.002
Aug ’24₹1,944.20
₹2,000.00
+2.9%
11.3%₹2,225.00₹1,775.00₹3,093.202
Jul ’24₹2,131.40
₹1,887.50
-11.4%
6.0%₹2,000.00₹1,775.00₹2,866.452
Jun ’24₹1,917.20
₹1,887.50
-1.5%
6.0%₹2,000.00₹1,775.00₹2,466.852
May ’24₹1,738.75
₹1,887.50
+8.6%
6.0%₹2,000.00₹1,775.00₹2,468.852
Apr ’24₹1,539.45
₹1,810.50
+17.6%
10.5%₹2,000.00₹1,621.00₹2,330.552
Mar ’24₹1,563.20
₹1,810.50
+15.8%
10.5%₹2,000.00₹1,621.00₹2,541.052
Feb ’24₹1,637.25
₹1,810.50
+10.6%
10.5%₹2,000.00₹1,621.00₹2,367.152
Jan ’24₹1,554.40
₹1,879.50
+20.9%
6.4%₹2,000.00₹1,759.00₹2,404.752
Dec ’23₹1,620.75
₹1,879.50
+16.0%
6.4%₹2,000.00₹1,759.00₹2,202.602

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 15:05
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Swaraj Engines Limited is covered by 12 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rohan KordeAnand Rathi Shares and Stock Brokers Limited
null nullAnand Rathi Shares and Stock Brokers Limited
Bharat GiananiAngel Broking Private Limited