Swaraj Engines News and Updates

Name: Latest research reports of Swaraj Engines Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Swaraj Engines Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on Swaraj Engines from all sources in a single place.

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Swaraj Engines Ltd.

25 Jan 2018

3877.40

3.95%

Swaraj Engines

Buy: Swaraj Engines Ltd.

Target

ICICI Securities Limited

Swaraj Engines (SEL) reported a robust Q3FY18 performance backed by healthy tractor sales at parent company i.e. M&M; (Swaraj division) SEL recorded engine sales of 21,971 units in Q3FY18, up 14.7% YoY, outperforming M&M; tractor sales growth of 6.4% YoY Consequently, total operating income in Q3FY18 came in at | 183.3 crore (up 18.4% YoY). EBITDA for the quarter came in at | 25.7 crore with corresponding EBITDA margins at 14% (down 80 bps YoY) EBITDA margins came in muted primarily tracking one-time expense...

Swaraj Engines Ltd. is trading below all available SMAs

Swaraj Engines Ltd.

23 Jan 2018

3877.40

3.95%

Swaraj Engines (3QFY18): Double-digit volume growth. Maintain BUY

Buy: Swaraj Engines Ltd.

Target

HDFC Securities

We recommend BUY with a TP of 2554 (30x Dec FY19E EPS). Swaraj Engines Ltd (SEL) reported good revenue growth of 18.4% YoY for 3QFY18 at Rs 1.83bn. The performance was largely driven by 14.7% YoY engine volume growth to 21,971 units and realization growth of 3.2% YoY to Rs 83,410. EBITDA grew by 11.7% YoY at Rs 257mn and EBITDAM stood at 14.0% (-85bps YoY), was largely due to drop in gross margins by 100 bps YoY and higher other expenditure which might be a one of expenditure. APAT grew by 12.6% YoY at Rs 172mn.

Swaraj Engines Ltd. is trading below all available SMAs

Swaraj Engines Ltd.

09 Jan 2018

3877.40

3.95%

Ex-date: Swaraj Engines, Technocraft buybacks

Business Line

Shares of Swaraj Engines and Technocraft Industries (India) will turn ex-date on Thursday for the proposed buyback. Swaraj Engines plans to buy back 2.94 lakh shares (worth 70.73 crore) at 2,400...

Swaraj Engines Ltd. is trading below all available SMAs

Swaraj Engines Ltd.

29 Nov 2017, 09:58PM

3877.40

3.95%

Swaraj Engines (Visit Note): Compounding engine! NOT RATED

Not Rated: Swaraj Engines Ltd.

HDFC Securities

At CMP of Rs 1,966, SEL trades at 28.0/25.3/22.3x FY18/FY19/20E EPS. Our fair value for the stock is Rs 2,489 (30x Sept - 19E EPS). We recently interacted with management of Swaraj Engines Ltd (SEL). The company manufactures and supplies diesel engines in the range of 20 HP to 60 HP to Swaraj Tractors, owned by Mahindra & Mahindra (M&M;). SEL is a joint holding of Kirloskar Industries (17.4% stake) and M&M; (33.2% stake).

Swaraj Engines Ltd. is trading below all available SMAs

Swaraj Engines Ltd.

29 Nov 2017, 04:03PM

3877.40

3.95%

Swaraj Engines board okays buyback proposal; shares down 1.7%

Business Line

Shares of Swaraj Engines ended down by 1.7 per cent after gaining over 2 per cent intraday. Following a strong open at Rs 2,010 against the previous close of Rs 1,999.45, the scrip touched an...

Swaraj Engines Ltd. is trading below all available SMAs

Swaraj Engines board okays buyback proposal; shares down 1.5%

Business Line | 29 Nov 2017

Swaraj Engines Ltd.

27 Nov 2017

3877.40

3.95%

Swaraj Engines: focus on buyback details

Business Line

Shares of Swaraj Engines will remain in focus on Tuesday, as its board will consider a share buyback proposal. Investors will closely monitor the details of the proposals, especially the quantum of...

Swaraj Engines Ltd. is trading below all available SMAs

Swaraj Engines Ltd.

24 Nov 2017

3877.40

3.95%

Swaraj Engines rallies 17% on share buyback proposal

Business Line

Shares of Swaraj Engines Ltd surged as much as 16.9 per cent to Rs 2,210, their highest since July 25 as the company said that it will have a board meeting on November 28 to consider a proposal for...

Swaraj Engines Ltd. is trading below all available SMAs

Swaraj Engines surges 11% as board mulls share buyback

Business Standard | 24 Nov 2017

Swaraj Engines Ltd.

21 Nov 2017

3877.40

3.95%

Result Update Q2FY18 Swaraj Engines Ltd

Buy: Swaraj Engines Ltd.

Target

Religare

Swaraj Engines Ltd (SEL) reported in-line numbers for Q2FY18 with net revenue and PAT growth of 16.6% & 22.1% YoY respectively. EBITDA margins improved by 51bps YoY to 16.8%.

Swaraj Engines Ltd. is trading below all available SMAs

Swaraj Engines Ltd.

01 Nov 2017, 12:00AM

3877.40

3.95%

Swaraj Engines

Buy: Swaraj Engines Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Swaraj Engines (SEL) reported a steady Q2FY18 performance with the company reporting new high EBITDA margins of 16.8% Engine sales for the quarter came in at 24984 units, up 11.6% YoY with consequent net sales at | 208.9 crore, up 16.7% YoY Engine sales for the quarter, as a percentage of tractor sales at parent i.e. M&M;, were at a normalised level of 32.4% EBITDA in Q2FY18 was at | 35.1 crore (EBITDA margins at 16.8%, up...

Swaraj Engines Ltd. is trading below all available SMAs

Swaraj Engines Ltd.

01 Nov 2017, 12:00AM

3877.40

3.95%

Swaraj Engines

Hold: Swaraj Engines Ltd.

Centrum Broking

On the back of impressive growth in the India tractor industry, Swaraj Engines (SWE) reported its best ever quarter in terms of engine sales volume and net profits. But considering strong growth reported by M&M;'s tractor division, this performance was below estimates. 2QFY18 EBITDA/PAT improved 20.3%/22.1% YoY, on the back of 11.6% growth in volumes and 51 bps YoY improvement in EBITDA margin. SWE's EBITDA margin was slightly ahead of our expectations, however sales and net profits missed estimates. While we acknowledge that SWE is poised to leverage the continued good growth in tractor volumes, current reach valuations limit the upside in the near...

Swaraj Engines Ltd. is trading below all available SMAs

Is Swaraj Engines Ltd. worth buying?

138 Votes:

Buy 80.43%

Sell 11.59%

Hold 7.97%

54.05% Gain from 52W Low

Swaraj Engines News and Updates

Keep track of all breaking news on Swaraj Engines from all sources in a single place.