Highest-Ever Dividend: Three-Digit Dividend Announced by Mahindra Group-Backed Small-Cap Low-PE Stock
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A Mahindra Group-backed small-cap company has rewarded shareholders with its highest-ever three-digit dividend payout.
✨ Key Takeaways
Swaraj Engines Ltd reported its strongest-ever financial performance in FY26, achieving record engine sales volumes and profit before Tax while rewarding shareholders with the highest Dividend in its history.
The company reported its highest-ever engine sales volume and profit before tax (PBT) during FY26. Annual engine sales crossed the 2 lakh-unit mark for the first time in the company's history, reflecting strong demand from the agricultural machinery segment.
Board Recommends Record Dividend
The board of directors has recommended a final dividend of Rs 110 per equity share, representing 1,100 per cent on the face value of Rs 10 per share. This is the highest dividend declared by the company so far.
At the current market price of around Rs 3,697 per share, the recommended dividend translates into a dividend yield of approximately 2.96 per cent.
Swaraj Engines has maintained a consistent track record of rewarding shareholders through regular dividend payouts. Its dividend history over the last five years is as follows:
|
Ex-Date |
Dividend (Rs/Share) |
|
July 3, 2026 |
110.00 |
|
June 27, 2025 |
104.50 |
|
June 28, 2024 |
95.00 |
|
July 7, 2023 |
92.00 |
|
June 30, 2022 |
80.00 |
Mahindra & Mahindra Holds Majority Stake
As of March 31, 2026, Mahindra & Mahindra Ltd held a 52.11 per cent stake in Swaraj Engines, making it the company's promoter and majority shareholder.
About Swaraj Engines Ltd
Established in 1985 and headquartered in Mohali, Punjab, Swaraj Engines Ltd is primarily engaged in manufacturing diesel engines supplied to the Swaraj Division of Mahindra & Mahindra Ltd.
The company manufactures diesel engines ranging from 22 HP to more than 65 HP. It is also involved in the production of advanced engine components and operates modern manufacturing facilities equipped with precision machining and quality-testing systems.
Swaraj Engines Ltd Share Price Performance
Swaraj Engines Ltd shares were trading at Rs 3,697, down 2.20 per cent from the previous close.
The stock has witnessed some pressure in recent months. Over the past one month, it has declined by 5.31 per cent. On a year-to-date basis, the stock is down 0.86 per cent, while it has delivered a negative return of 8.29 per cent over the last one year.
Disclaimer: The article is for informational purposes only and not investment advice.