Swaraj Engines Ltd. News and Updates

Name: Latest research reports of Swaraj Engines Ltd. authored by Monarch Networth Capital Limited and published by - Trendlyne research reports.
Item: Swaraj Engines Ltd.
Rating: 1
Author: Monarch Networth Capital Limited

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Swaraj Engines Ltd.

28 Oct 2020

4011.90

0.07%

Buy Swaraj Engines; target of Rs 1676: East India Securities

Moneycontrol

East India Securities is bullish on Swaraj Engines has recommended buy rating on the stock with a target price of Rs 1676 in its research report dated October 26, 2020.

Swaraj Engines Ltd. has gained 27.00% in the last 3 Months

Swaraj Engines Ltd.

28 Oct 2020

4011.90

0.07%

Swaraj Engines - Company Update - The tough gets going

Sell: Swaraj Engines Ltd.

Monarch Networth Capital Limited

Outlook: With most regional reservoirs consistently clocking healthy water level (> 10year average) and the healthy monsoon that we have witnessed; we stick to our view of low rural water woes for at least two years. The MSP hike for FY2021 has continued with key crops' price being raised by an average of ~4%. Thus, favourable tractor drivers bolster our existing conviction in SEL's cash-rich and debt-free business. Valuation & Risks: We continue to value SEL using the DCF methodology to arrive at a fair value of Rs 1,305 and maintain REDUCE. We have slightly revised our earnings estimates accounting for the current high capacity utilisation. While SEL's business and industry fundamentals are intact, we feel that COVID-19 related uncertainty still...

Swaraj Engines Ltd. has gained 25.71% in the last 6 Months

Swaraj Engines Ltd.

28 Oct 2020

4011.90

0.07%

Swaraj Engines

Buy: Swaraj Engines Ltd.

Target

East India Securities Ltd

Buy rating on the stock with target price to Rs 1,676 (22xFY22e EPS). Strong growth in tractor industry led to strong operational performance Improvement in margins despite sales decline...

Swaraj Engines Ltd. is trading above all available SMAs

Swaraj Engines Ltd.

22 Jul 2020

4011.90

0.07%

Swaraj Engines - Company Update - Revving dark horse has galloped, awaiting a fresh race

Swaraj Engines Ltd.

Monarch Networth Capital Limited

INDIA l Institutional Research l Automobile l 22 July 2020 Swaraj Engines l REDUCE l TP: 1,302 Revving dark horse has galloped, awaiting a fresh race Swaraj Engine's (SEL) 1QFY21 result seems dull mainly on the account of no production in April 2020 owing to the lockdown. Post the opening of plant on 5 th May, SEL has been nearing ~100% capacity utilisation. Factors like India's reservoirs' level breaching the 10-year average, on-going healthy monsoon and recent kharif MSP hikes are buoying the domestic tractor demand. While a lower...

Swaraj Engines Ltd. has gained 43.48% in the last 1 Year

Swaraj Engines Ltd.

21 Jul 2020

4011.90

0.07%

Buy Swaraj Engines; target of Rs 1740: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Swaraj Engines has recommended buy rating on the stock with a target price of Rs 1740 in its research report dated July 21, 2020.

Swaraj Engines Ltd. has gained 27.00% in the last 3 Months

Swaraj Engines Standalone June 2020 Net Sales at Rs 116.99 crore, down 43.04% Y-o-Y

Moneycontrol | 21 Jul 2020

Swaraj Engines Ltd.

20 Jul 2020

4011.90

0.07%

Swaraj Engines

Buy: Swaraj Engines Ltd.

East India Securities Ltd

Revenues declined by 13% yoy, higher than our estimates, while realization increased by Lockdown hit overall performance 6.9% YoY & 1.4% QoQ. Total volumes degrew by 18.5% YoY in Q2FY20....

Swaraj Engines Ltd. has gained 27.00% in the last 3 Months

Swaraj Engines Ltd.

26 May 2020

4011.90

0.07%

Swaraj Engines

Buy: Swaraj Engines Ltd.

Monarch Networth Capital Limited

Why should you invest your time in this report? Hodrick-Prescott analysis of Indian tractor cycle How is SEL better placed than key tractor OEM Should M&M; merge SEL within itself A scenario...

Swaraj Engines Ltd. is trading above all available SMAs

Swaraj Engines Ltd.

12 May 2020

4011.90

0.07%

Buy Swaraj Engines; target of Rs 1313: East India Securities

Moneycontrol

East India Securities is bullish on Swaraj Engines has recommended buy rating on the stock with a target price of Rs 1313 in its research report dated May 11, 2020.

Swaraj Engines Ltd. has gained 25.71% in the last 6 Months

Swaraj Engines Ltd.

11 May 2020

4011.90

0.07%

Swaraj Engines

Buy: Swaraj Engines Ltd.

East India Securities Ltd

At the current price of Rs 978, the stock is trading at 13.4x FY22E EPS, much lower than the last six year's average of 1-year forward P/E of 21.7x. By looking at the present uncertain situation and intensifying competition in tractor industry, we have lower down our multiple to 18x FY22E (~17% discount to its six-year average) to arrive at a target price of Rs 1,313 per share, which indicates 34% upside from the current levels....

Swaraj Engines Ltd. has gained 43.48% in the last 1 Year

Swaraj Engines Ltd.

11 May 2020

4011.90

0.07%

Swaraj Engines

Buy: Swaraj Engines Ltd.

Recommendation Target

ICICI Securities Limited

Swaraj has negative working capital cycle of around 30-40 days (~10% of sales), leading the company to hold liquid cash & investment to the tune of | 130 crore (~10% of MCap) as on FY20. Going ahead, the company's capex is limited to around | 15-20 crore (~2-3% of sales), which we expect to be funded through internal accruals. This leaves aside incremental cash of at least 4% of sales every year. This bodes well for healthy dividend payout in years to come. The company announced a dividend of | 40/share, providing dividend yield of ~4%. Going ahead, we expect strong balance sheet along...

Swaraj Engines Ltd. is trading above all available SMAs

Is Swaraj Engines Ltd. worth buying?

129 Votes:

Buy 80.62%

Sell 11.63%

Hold 7.75%