Sharda Motor Industries Ltd

Sharda Motor Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sharda Motor Industries Ltd

₹ 1,940 -0.94%
10 Jun 1:57 p.m.
shardamotor.com BSE: 535602 NSE: SHARDAMOTR
About

Sharda Motor Industries Ltd is primarily engaged in the manufacturing and assembly of Auto Components and White Goods Components.[1]

Key Points

Product Portfolio[1]
Their product portfolio includes Emission Control Systems, Suspension Systems, Specialized Roof Systems, Independent Front Suspension Assembly, Upper & Lower Control Arms, Front Axle Assembly, Soft-top Canopies.

Website BSE NSE
  • Market Cap ₹ 5,768 Cr.
  • Current Price ₹ 1,940
  • High / Low ₹ 2,956 / 1,250
  • Stock P/E 18.4
  • Book Value ₹ 363
  • Dividend Yield 1.69 %
  • ROCE 38.7 %
  • ROE 29.7 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 43.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.6%
  • Company has been maintaining a healthy dividend payout of 21.6%

Cons

  • Promoter holding has decreased over last 3 years: -8.89%
  • Working capital days have increased from 34.9 days to 75.4 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
618 628 698 686 688 654 763 689 703 685 711 690 750
554 567 622 622 607 586 663 595 604 590 606 595 649
Operating Profit 64 61 76 64 81 68 99 94 99 96 105 95 101
OPM % 10% 10% 11% 9% 12% 10% 13% 14% 14% 14% 15% 14% 13%
8 8 9 11 14 18 19 22 29 20 15 21 27
Interest 0 0 1 1 0 1 1 1 0 0 0 1 2
Depreciation 11 9 11 13 14 12 13 14 14 13 14 15 17
Profit before tax 60 60 73 62 81 74 105 102 114 102 106 100 109
Tax % 24% 25% 26% 26% 25% 26% 25% 26% 25% 25% 26% 25% 24%
46 45 54 46 61 55 79 75 86 76 79 75 83
EPS in Rs 15.52 15.04 18.19 15.50 20.37 18.53 26.57 25.25 28.83 25.67 26.55 25.13 27.75
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
821 875 927 1,042 1,155 1,140 863 1,737 2,255 2,700 2,809 2,837
747 783 827 912 1,010 995 767 1,607 2,027 2,418 2,448 2,440
Operating Profit 75 92 100 130 145 145 96 129 228 282 361 396
OPM % 9% 10% 11% 12% 13% 13% 11% 7% 10% 10% 13% 14%
9 10 10 5 17 22 24 21 29 42 88 83
Interest 16 15 12 8 2 0 1 1 1 2 2 4
Depreciation 46 52 48 50 44 41 40 44 41 46 53 58
Profit before tax 22 34 50 77 117 126 78 105 215 275 395 418
Tax % 32% -5% 32% 26% 33% 30% 26% 25% 25% 25% 25% 25%
15 36 34 57 79 88 58 79 161 205 295 312
EPS in Rs 5.05 12.16 11.52 19.11 26.47 29.58 19.44 26.46 54.32 69.09 99.19 105.10
Dividend Payout % 40% 16% 22% 13% 9% 0% 0% 2% 15% 25% 10% 30%
Compounded Sales Growth
10 Years: 12%
5 Years: 27%
3 Years: 8%
TTM: 1%
Compounded Profit Growth
10 Years: 24%
5 Years: 43%
3 Years: 26%
TTM: 15%
Stock Price CAGR
10 Years: 29%
5 Years: 70%
3 Years: 36%
1 Year: 18%
Return on Equity
10 Years: 26%
5 Years: 28%
3 Years: 30%
Last Year: 30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 172 199 225 279 349 432 361 440 594 776 1,019 1,073
225 144 121 59 0 0 11 12 12 25 24 52
164 168 178 207 232 246 247 530 480 606 598 643
Total Liabilities 567 518 530 552 587 685 625 987 1,093 1,413 1,647 1,774
299 272 243 204 179 194 186 179 156 221 219 251
CWIP 7 8 4 1 0 0 1 0 0 0 0 8
Investments 1 2 31 80 106 85 42 55 104 54 687 757
260 237 252 267 301 406 395 753 832 1,138 741 757
Total Assets 567 518 530 552 587 685 625 987 1,093 1,413 1,647 1,774

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
49 100 93 164 116 95 -30 148 192 -200 370 271
-64 -18 -62 -84 -30 -42 39 -152 -62 191 -214 -68
45 -103 -43 -77 -70 -5 -1 -1 -9 -27 -54 -262
Net Cash Flow 30 -21 -12 3 16 48 8 -6 120 -36 101 -60

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 47 41 40 38 39 42 50 68 45 45 30 37
Inventory Days 44 51 47 37 40 48 67 36 27 34 34 36
Days Payable 66 71 71 84 85 90 129 121 84 87 84 94
Cash Conversion Cycle 25 22 16 -9 -6 1 -13 -17 -13 -8 -21 -22
Working Capital Days 23 15 10 -5 -1 2 -3 -11 -9 48 -19 75
ROCE % 10% 13% 19% 26% 33% 30% 17% 24% 39% 38% 39% 39%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 64.31% 64.31% 64.31% 64.31%
0.61% 0.58% 0.77% 1.11% 1.22% 1.64% 1.79% 1.55% 2.42% 2.38% 2.16% 2.20%
0.00% 0.00% 0.00% 0.00% 0.24% 0.29% 0.30% 0.42% 9.32% 11.41% 11.94% 11.72%
0.12% 0.00% 0.00% 0.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26.08% 26.24% 26.03% 25.57% 25.34% 24.88% 24.72% 24.83% 23.94% 21.89% 21.59% 21.77%
No. of Shareholders 11,91814,30814,75015,04615,20317,95419,17420,81627,37533,96032,94333,828

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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