Swaraj Engines: What a performance!

By Research Desk
about 24 days ago

Swaraj Engines posted a great set of earning for Q4FY21, with many ‘highest’ to its record –

  • Highest ever quarterly net profit at Rs.32 crore, up 105% (YoY)
  • Highest ever engine sales of 33,831 units, up 62%
  • Highest ever operating profit at Rs.46 crore, up 97% and margin at 15.88%.
  • Highest ever revenue from operations at Rs.305 crore, up 74%
  • Highest ever cash and cash equivalents held at Rs.117 crore.

What could also bring a lot of cheer to the shareholders is the dividend payout – Rs.50 + Rs.19 special dividend = Rs.69/share for FY21, giving a fantastic dividend yield of 5.07%.

The best part – its debt free.

All this automatically leads us to the conclusion – M&M, which holds a 37.74% stake in Swaraj is sure to have a robust set of Q4 earnings as this performance of Swaraj is on account of record sale of engines to its biggest client – M&M. Thus if Swaraj celebrates, so will M&M!  

This is not a buy or sell recommendation, while stock recommendations are provided exclusively to our paid members in the Member Zone.

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