Sharda Motor Industries Ltd

Sharda Motor Industries Ltd is the market leader in manufacturing of Exhaust System, Catalytic Converter, Independent Suspension, Seat Frames, Seat Covers (Two Wheelers & Four Wheelers), Soft Top Canopies, and Pressed part- White goods products.

  • Market Cap: 365.95 Cr.
  • Current Price: 614.20
  • 52 weeks High / Low 1519.98 / 464.71
  • Book Value: 802.03
  • Stock P/E: 4.89
  • Dividend Yield: 0.00 %
  • ROCE: 30.26 %
  • ROE: 21.07 %
  • Sales Growth (3Yrs): 7.14 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is virtually debt free.
Stock is trading at 0.77 times its book value
Company has good consistent profit growth of 40.97% over 5 years
Cons:
The company has delivered a poor growth of 6.78% over past five years.

Peer comparison Sector: Auto Ancillaries // Industry: Auto Ancillaries

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
287 283 305 254 313 298 299 258 285 254 210 215
253 249 268 222 270 261 261 226 247 225 192 190
Operating Profit 34 34 36 32 43 37 38 33 38 28 18 25
OPM % 12% 12% 12% 13% 14% 12% 13% 13% 13% 11% 9% 12%
Other Income 3 4 5 5 3 3 4 6 9 5 13 7
Interest 2 1 1 0 0 0 0 0 0 0 0 0
Depreciation 11 10 11 11 11 9 10 10 12 10 11 12
Profit before tax 24 27 30 25 35 30 32 29 35 23 21 20
Tax % 17% 30% 32% 33% 35% 32% 28% 31% 30% 30% 10% 25%
Net Profit 20 19 20 17 23 20 23 20 25 16 19 15
EPS in Rs 33.53 31.58 34.34 29.06 38.16 34.49 39.21 33.15 42.07 27.45 31.85 25.52
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
363 340 466 700 751 898 821 875 927 1,042 1,155 1,140 964
323 317 416 645 687 812 747 783 827 917 1,011 995 854
Operating Profit 41 23 50 55 65 87 75 92 100 125 145 145 110
OPM % 11% 7% 11% 8% 9% 10% 9% 10% 11% 12% 13% 13% 11%
Other Income 8 9 4 5 6 3 9 10 11 10 18 22 34
Interest 4 9 8 8 9 11 16 15 12 8 2 0 1
Depreciation 14 13 15 24 31 36 46 52 48 50 44 41 44
Profit before tax 31 11 31 28 30 44 22 34 50 77 117 126 99
Tax % 26% 27% 33% 26% 8% 40% 32% -5% 32% 26% 33% 30%
Net Profit 23 8 21 21 28 26 15 36 34 57 79 88 75
EPS in Rs 37.16 11.33 34.14 33.84 45.14 42.35 23.73 59.19 55.44 96.20 133.24 148.92 126.89
Dividend Payout % 26% 77% 28% 28% 22% 23% 40% 16% 22% 13% 9% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:12.87%
5 Years:6.78%
3 Years:7.14%
TTM:-17.48%
Compounded Profit Growth
10 Years:27.08%
5 Years:40.97%
3 Years:31.84%
TTM:-12.86%
Stock Price CAGR
10 Years:%
5 Years:-4.17%
3 Years:-36.00%
1 Year:-56.08%
Return on Equity
10 Years:19.07%
5 Years:21.02%
3 Years:22.41%
Last Year:21.07%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 91 91 106 120 140 164 172 199 225 279 349 432 467
Borrowings 83 92 96 106 126 160 225 144 121 59 0 0 0
110 96 101 166 171 180 164 168 178 207 232 246 183
Total Liabilities 290 285 309 397 443 509 567 518 530 552 587 685 656
91 96 110 181 229 260 299 272 243 204 179 194 206
CWIP 23 29 23 21 11 11 7 8 4 1 0 0 1
Investments 1 21 21 21 21 1 1 2 31 80 106 85 62
175 138 154 174 181 237 260 237 252 267 301 406 387
Total Assets 290 285 309 397 443 509 567 518 530 552 587 685 656

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
0 30 34 100 55 43 49 100 93 164 116 95
-28 -38 -20 -103 -59 -59 -64 -18 -62 -84 -30 -42
44 -8 -8 -2 5 19 45 -103 -43 -77 -70 -5
Net Cash Flow 17 -16 6 -6 1 3 30 -21 -12 3 16 48

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 23% 11% 19% 15% 14% 18% 10% 13% 19% 26% 33% 30%
Debtor Days 40 38 32 40 46 41 47 41 40 38 39 42
Inventory Turnover 17.52 14.85 13.98 13.38 11.76 12.14 10.47 11.09 10.94 13.48 14.68 12.08