Swaraj Engines:

• Swaraj Engines Limited (SEL) was set up in 1985 in Mohali, Punjab, to manufacture engines for fitment into the Swaraj brand of tractors for Punjab Tractors Ltd. (PTL)
• PTL been merged with Mahindra & Mahindra Ltd. (M&M). 
• After the M&M-PTL merger in 2009, SEL is now part of the M&M group (33.2% equity stake).
• SEL has also become a supplier of hi-tech engine components to SML Isuzu Ltd., the erstwhile Swaraj Mazda Ltd..
• Since start of commercial operations in 1989-90, SEL has supplied around 4,31,000 engines for fitment into Swaraj tractors. SEL’s engine business currently constitutes around 95% of the company’s product revenue. The balance 5% represents the value of hi-tech engine components being supplied to SML Isuzu for assembly of commercial vehicle engines.

• Holds 100 Crore Cash balance
• Current Market Price is Rs.507
• Earnings Per Share: Rs.49.67
• PE Ratio: 10.20
• Book Value : Rs.155.98
• Price to Book Value : 3.25
• Dividend Yield : 6.66% ( 330%)
• Face Value : Rs.10
• With strong parent (M&M) you can expect SEL to keep growing steadily.