BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Swaraj Engines Ltd. is involved in manufacturing diesel engines for Mahindra and Mahindra Ltd.'s Swaraj brand of tractors.
Steady ~13% compounding of revenues, Ebitda, profit after tax over past five years.
Net cash positive balance sheet; consistent cash flow generation; highly capital efficient player with history of more than 30% return ratios and high dividend payouts.
Swaraj Engines reported healthy Q1 FY22 results.
Diesel engine volumes were flattish QoQ at 33,747 units. Net sales rose 3.2% QoQ to Rs 315 crore tracking 3.5% average selling price increase.
Margins dipped minimally to 15%; profit after tax up 3.3% QoQ to Rs 33.7 crore.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
