Sharda Motor Industries Ltd

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

Sharda Motor Industries Ltd

₹ 1,492 0.26%
25 Apr 10:51 a.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
The company's product portfolio includes exhaust systems, catalytic convertors, suspension systems, sheet metal components and plastic parts for the automotive and white goods industries. [1]

Website BSE NSE
  • Market Cap ₹ 4,435 Cr.
  • Current Price ₹ 1,492
  • High / Low ₹ 1,644 / 639
  • Stock P/E 16.4
  • Book Value ₹ 291
  • Dividend Yield 1.16 %
  • ROCE 37.9 %
  • ROE 28.8 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 21.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.5%

Cons

* 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

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
584 604 472 587 579 618 628 698 686 688 654 763 689
533 552 432 526 517 554 567 622 622 607 586 663 595
Operating Profit 51 52 40 61 62 64 61 76 64 81 68 99 94
OPM % 9% 9% 9% 10% 11% 10% 10% 11% 9% 12% 10% 13% 14%
6 6 6 10 6 8 8 9 11 14 18 19 22
Interest 0 0 0 0 0 0 0 1 1 0 1 1 1
Depreciation 12 13 10 10 10 11 9 11 13 14 12 13 14
Profit before tax 45 45 36 61 57 60 60 73 62 81 74 105 102
Tax % 25% 26% 26% 25% 25% 24% 25% 26% 26% 25% 26% 25% 26%
34 33 27 46 43 46 45 54 46 61 55 79 75
EPS in Rs 11.29 11.07 9.04 15.37 14.38 15.52 15.04 18.19 15.50 20.37 18.53 26.57 25.25
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
751 898 821 875 927 1,042 1,155 1,140 863 1,737 2,255 2,700 2,794
687 812 747 783 827 912 1,010 995 767 1,607 2,027 2,418 2,451
Operating Profit 65 87 75 92 100 130 145 145 96 129 228 282 343
OPM % 9% 10% 9% 10% 11% 12% 13% 13% 11% 7% 10% 10% 12%
6 3 9 10 10 5 17 22 24 21 29 42 73
Interest 9 11 16 15 12 8 2 0 1 1 1 2 2
Depreciation 31 36 46 52 48 50 44 41 40 44 41 46 53
Profit before tax 30 44 22 34 50 77 117 126 78 105 215 275 361
Tax % 8% 40% 32% -5% 32% 26% 33% 30% 26% 25% 25% 25%
28 26 15 36 34 57 79 88 58 79 161 205 270
EPS in Rs 9.30 8.74 5.05 12.16 11.52 19.11 26.47 29.58 19.44 26.46 54.32 69.09 90.72
Dividend Payout % 22% 23% 40% 16% 22% 13% 9% 0% 0% 2% 15% 25%
Compounded Sales Growth
10 Years: 12%
5 Years: 19%
3 Years: 46%
TTM: 6%
Compounded Profit Growth
10 Years: 23%
5 Years: 21%
3 Years: 57%
TTM: 41%
Stock Price CAGR
10 Years: 38%
5 Years: 39%
3 Years: 65%
1 Year: 133%
Return on Equity
10 Years: 22%
5 Years: 23%
3 Years: 27%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 140 164 172 199 225 279 349 432 361 440 594 776 859
126 160 225 144 121 59 0 0 11 12 12 25 24
171 180 164 168 178 207 232 246 247 530 480 606 643
Total Liabilities 443 509 567 518 530 552 587 685 625 987 1,093 1,413 1,532
229 260 299 272 243 204 179 194 186 179 156 221 216
CWIP 11 11 7 8 4 1 0 0 1 0 0 0 0
Investments 21 1 1 2 31 80 106 85 42 55 104 54 103
181 237 260 237 252 267 301 406 395 753 832 1,138 1,212
Total Assets 443 509 567 518 530 552 587 685 625 987 1,093 1,413 1,532

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
55 43 49 100 93 164 116 95 -30 148 192 -200
-59 -59 -64 -18 -62 -84 -30 -42 39 -152 -62 191
5 19 45 -103 -43 -77 -70 -5 -1 -1 -9 -27
Net Cash Flow 1 3 30 -21 -12 3 16 48 8 -6 120 -36

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 46 41 47 41 40 38 39 42 50 68 45 45
Inventory Days 41 48 44 51 47 37 40 48 67 36 27 34
Days Payable 68 75 66 71 71 84 85 90 129 121 84 87
Cash Conversion Cycle 19 13 25 22 16 -9 -6 1 -13 -17 -13 -8
Working Capital Days 2 12 23 15 10 -5 -1 2 -3 -11 -9 48
ROCE % 14% 18% 10% 13% 19% 26% 33% 30% 17% 24% 39% 38%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20%
0.17% 0.27% 0.38% 0.53% 0.61% 0.58% 0.77% 1.11% 1.22% 1.64% 1.79% 1.55%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.24% 0.29% 0.30% 0.42%
0.12% 0.12% 0.12% 0.12% 0.12% 0.00% 0.00% 0.12% 0.00% 0.00% 0.00% 0.00%
26.51% 26.41% 26.30% 26.15% 26.08% 26.24% 26.03% 25.57% 25.34% 24.88% 24.72% 24.83%
No. of Shareholders 11,53511,60812,00312,23411,91814,30814,75015,04615,20317,95419,17420,816

* 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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