Swaraj Engines - 4QFY13 Result Update - Nirmal Bang

- Result was ok and in line with expectations

- Sales declined 8.3% QoQ and 3.3% YoY

- EBITDA margins stood at 14.3% vs 15.4% in Q4FY12 and 14.8% in Q3FY13

- The stock is trading at trailing P/E of 9.8x

Source : Equity Bulls

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