Sharda Motor Industries Ltd
Sharda Motor Industries Ltd is primarily engaged in the manufacturing and assembly of Auto Components and White Goods Components.[1]
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 |
|
|||||
| 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
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 29 May
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22 May - Audio recording shared for Q4 FY26 earnings call on March 31, 2026 results.
- Announcement under Regulation 30 (LODR)-Investor Presentation 22 May
-
Board Meeting Outcome for Recommendation Of Dividend
21 May - Board approved FY26 audited results; recommended Rs20 final dividend and reported unmodified audit opinion.
-
Financial Results - 31/03/2026
21 May - Sharda Motor reported FY26 audited results, recommended Rs20 final dividend, and recorded Rs34,155 lakh standalone profit.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
May 2026Transcript PPT
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT REC
-
Aug 2025Transcript PPT
-
May 2025Transcript PPT REC
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT REC
-
Aug 2024Transcript PPT REC
-
May 2024Transcript PPT REC
-
Feb 2024Transcript PPT REC
-
Nov 2023Transcript PPT REC
-
Aug 2023Transcript PPT REC
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
Jun 2022Transcript PPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
Jun 2021TranscriptAI SummaryPPT
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.