Sharda Motor Industries Ltd

Sharda Motor Industries Ltd

₹ 843 -0.51%
02 Jun - close price
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.

  • Market Cap 4,838 Cr.
  • Current Price 843
  • High / Low 1,258 / 700
  • Stock P/E 14.8
  • Book Value 231
  • Dividend Yield 1.93 %
  • ROCE 35.2 %
  • ROE 27.3 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 34.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%

Cons

  • Promoter holding has decreased over last 3 years: -8.89%
  • Working capital days have increased from 14.5 days to 78.1 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
688 654 763 689 703 685 711 690 750 756 787 882 972
607 586 663 595 604 590 606 595 649 658 686 775 859
Operating Profit 81 68 99 94 99 96 105 95 101 98 101 106 113
OPM % 12% 10% 13% 14% 14% 14% 15% 14% 13% 13% 13% 12% 12%
14 18 19 22 29 20 15 21 27 45 18 18 23
Interest 0 1 1 1 0 0 0 1 2 1 1 1 1
Depreciation 14 12 13 14 14 13 14 15 17 14 16 17 17
Profit before tax 81 74 105 102 114 102 106 100 109 129 103 106 117
Tax % 25% 26% 25% 26% 25% 25% 26% 25% 24% 23% 27% 24% 26%
61 55 79 75 86 76 79 75 83 99 75 80 87
EPS in Rs 10.18 9.26 13.28 12.62 14.41 13.30 13.75 13.02 14.38 17.26 13.13 13.96 15.14
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
875 927 1,042 1,155 1,140 863 1,737 2,255 2,700 2,809 2,837 3,397
783 827 912 1,010 995 767 1,607 2,027 2,418 2,448 2,440 2,978
Operating Profit 92 100 130 145 145 96 129 228 282 361 396 419
OPM % 10% 11% 12% 13% 13% 11% 7% 10% 10% 13% 14% 12%
10 10 5 17 22 24 21 29 42 88 83 104
Interest 15 12 8 2 0 1 1 1 2 2 4 4
Depreciation 52 48 50 44 41 40 44 41 46 53 58 63
Profit before tax 34 50 77 117 126 78 105 215 275 395 418 455
Tax % -5% 32% 26% 33% 30% 26% 25% 25% 25% 25% 25% 25%
36 34 57 79 88 58 79 161 205 295 312 342
EPS in Rs 6.07 5.75 9.54 13.21 14.77 9.71 13.21 27.14 34.53 49.56 54.44 59.50
Dividend Payout % 16% 22% 13% 9% 0% 0% 2% 15% 25% 10% 30% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 14%
3 Years: 8%
TTM: 20%
Compounded Profit Growth
10 Years: 25%
5 Years: 34%
3 Years: 18%
TTM: 17%
Stock Price CAGR
10 Years: 27%
5 Years: 33%
3 Years: 28%
1 Year: -11%
Return on Equity
10 Years: 26%
5 Years: 28%
3 Years: 28%
Last Year: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 11
Reserves 199 225 279 349 432 361 440 594 776 1,019 1,073 1,314
144 121 59 0 0 11 12 12 25 24 52 49
168 178 207 232 246 247 530 480 606 598 643 853
Total Liabilities 518 530 552 587 685 625 987 1,093 1,413 1,647 1,774 2,228
272 243 204 179 194 186 179 156 221 219 251 283
CWIP 8 4 1 0 0 1 0 0 0 0 8 0
Investments 2 31 80 106 85 42 55 104 54 687 757 1,149
237 252 267 301 406 395 753 832 1,138 741 757 796
Total Assets 518 530 552 587 685 625 987 1,093 1,413 1,647 1,774 2,228

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
100 93 164 116 95 -30 148 192 -200 370 271 363
-18 -62 -84 -30 -42 39 -152 -62 191 -214 -68 -370
-103 -43 -77 -70 -5 -1 -1 -9 -27 -54 -262 -100
Net Cash Flow -21 -12 3 16 48 8 -6 120 -36 101 -60 -107
Free Cash Flow 80 90 150 98 37 -44 124 178 -289 340 211 324
CFO/OP 118% 104% 141% 107% 93% -10% 140% 109% -45% 130% 94% 114%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 41 40 38 39 42 50 68 45 45 30 37 39
Inventory Days 51 47 37 40 48 67 36 27 34 34 36 40
Days Payable 71 71 84 85 90 129 121 84 87 84 94 109
Cash Conversion Cycle 22 16 -9 -6 1 -13 -17 -13 -8 -21 -22 -30
Working Capital Days -26 -24 -15 -1 2 -4 -11 -9 48 -19 -16 78
ROCE % 13% 19% 26% 33% 30% 17% 24% 39% 38% 39% 35% 35%

Insights

In beta
Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Manufacturing Facilities
Number

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Market Share (Value) - Exhaust Systems (PV & LCV India)
%
Aggregate Workforce (Employees + Workers)
Number
Annual Production Capacity - Exhaust Systems
Units
Annual Production Capacity - Suspension Systems
Units
Market Share (Value) - Suspension Control Arms (PV & LCV India)
%
R&D Manpower
Number
Revenue Contribution - Exhaust Systems
%
Patents Filed
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
73.20% 73.20% 73.20% 73.20% 64.31% 64.31% 64.31% 64.31% 64.31% 64.31% 64.31% 64.31%
1.22% 1.64% 1.79% 1.55% 2.42% 2.38% 2.16% 2.20% 2.26% 2.46% 2.23% 2.43%
0.24% 0.29% 0.30% 0.42% 9.32% 11.41% 11.94% 11.72% 11.52% 11.44% 11.70% 11.51%
25.34% 24.88% 24.72% 24.83% 23.94% 21.89% 21.59% 21.77% 21.91% 21.80% 21.76% 21.75%
No. of Shareholders 15,20317,95419,17420,81627,37533,96032,94333,82835,83938,93237,53737,220

* 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.

Click on the line-items to see the names of individual entities.

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