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 ₹ 2,949 Cr.
- Current Price ₹ 992
- High / Low ₹ 1,102 / 550
- Stock P/E 13.7
- Book Value ₹ 263
- Dividend Yield 1.74 %
- ROCE 37.9 %
- ROE 28.8 %
- Face Value ₹ 2.00
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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 2,726 | |
687 | 812 | 747 | 783 | 827 | 912 | 1,010 | 995 | 767 | 1,607 | 2,027 | 2,418 | 2,437 | |
Operating Profit | 65 | 87 | 75 | 92 | 100 | 130 | 145 | 145 | 96 | 129 | 228 | 282 | 289 |
OPM % | 9% | 10% | 9% | 10% | 11% | 12% | 13% | 13% | 11% | 7% | 10% | 10% | 11% |
6 | 3 | 9 | 10 | 10 | 5 | 17 | 22 | 24 | 21 | 29 | 42 | 52 | |
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 | 50 |
Profit before tax | 30 | 44 | 22 | 34 | 50 | 77 | 117 | 126 | 78 | 105 | 215 | 275 | 290 |
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 | 216 | |
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 | 72.59 |
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: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 23% |
5 Years: | 21% |
3 Years: | 57% |
TTM: | 20% |
Stock Price CAGR | |
---|---|
10 Years: | 32% |
5 Years: | 25% |
3 Years: | 81% |
1 Year: | 27% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
126 | 160 | 225 | 144 | 121 | 59 | -0 | -0 | 11 | 12 | 12 | 25 | |
171 | 180 | 164 | 168 | 178 | 207 | 232 | 246 | 247 | 530 | 480 | 606 | |
Total Liabilities | 443 | 509 | 567 | 518 | 530 | 552 | 587 | 685 | 625 | 987 | 1,093 | 1,413 |
229 | 260 | 299 | 272 | 243 | 204 | 179 | 194 | 186 | 179 | 156 | 221 | |
CWIP | 11 | 11 | 7 | 8 | 4 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
Investments | 21 | 1 | 1 | 2 | 31 | 80 | 106 | 85 | 42 | 55 | 104 | 54 |
181 | 237 | 260 | 237 | 252 | 267 | 301 | 406 | 395 | 753 | 832 | 1,138 | |
Total Assets | 443 | 509 | 567 | 518 | 530 | 552 | 587 | 685 | 625 | 987 | 1,093 | 1,413 |
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% |
Documents
Announcements
- Business Responsibility and Sustainability Reporting (BRSR) 21 Sep
- Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep
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Announcement Under Regulation 30
4 Sep - Clarification with regard to exchange query for spurt in price
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Sep - Re-submission of Copy of Newspaper dt 03/09./2023 with rectified covering letter.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2007
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Concalls
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Aug 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021TranscriptNotesPPT
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]