Swaraj Engines hit a new 52-week high today at Rs.1175, with volumes jumping up almost 1.5 times.

The market is enthused with the company’s Q4FY16 performance. Its net profit jumped up 41% (YoY) at Rs.12 crore on a 9% rise in net sales at Rs.113 crore.  Engine sales rose 13% to 13,970 units. EBITDA margins showed a big improvement – up from 12.8% to 13.8%.

The full year performance for FY16 was flat – net profit was at Rs.51.2 crore v/s Rs.51.8 crore in FY15. Net sales showed a 2% decline at Rs.523 crore.

The market is more happy with the dividend payout - a total dividend of 330% (Rs 33 per share), including a special dividend  payment of 180% (Rs 18 per share) for the FY16.