Sharda Motor Industries Ltd

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

Sharda Motor Industries Ltd

₹ 1,903 -0.87%
30 May - close price
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[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.

Website BSE NSE
  • Market Cap ₹ 5,659 Cr.
  • Current Price ₹ 1,903
  • High / Low ₹ 2,956 / 1,250
  • Stock P/E 18.0
  • Book Value ₹ 357
  • Dividend Yield 1.71 %
  • ROCE 39.6 %
  • ROE 30.5 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 46.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.8%
  • Company has been maintaining a healthy dividend payout of 21.4%

Cons

  • Promoter holding has decreased over last 3 years: -8.89%
  • Working capital days have increased from 34.9 days to 75.4 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.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
618 628 698 686 688 654 763 689 703 685 711 690 750
556 567 622 622 607 586 663 595 604 590 606 595 649
Operating Profit 62 61 76 64 81 68 99 94 99 96 105 95 101
OPM % 10% 10% 11% 9% 12% 10% 13% 14% 14% 14% 15% 14% 13%
8 9 9 12 15 19 20 23 31 20 15 22 29
Interest 0 0 1 1 0 1 1 1 0 0 0 1 2
Depreciation 11 9 11 13 14 12 13 14 14 13 14 15 17
Profit before tax 58 60 73 62 82 74 106 102 117 102 106 101 111
Tax % 25% 25% 26% 26% 24% 25% 24% 26% 24% 25% 26% 25% 24%
44 45 55 46 62 55 80 76 88 77 79 75 84
EPS in Rs 14.79 15.21 18.39 15.60 20.88 18.57 26.94 25.55 29.70 25.84 26.47 25.37 28.23
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
700 751 927 1,042 1,155 1,140 863 1,737 2,255 2,700 2,809 2,837
645 687 841 912 1,010 994 767 1,607 2,039 2,418 2,448 2,440
Operating Profit 55 65 87 130 145 145 96 129 216 282 361 396
OPM % 8% 9% 9% 12% 13% 13% 11% 7% 10% 10% 13% 14%
5 5 19 4 16 21 24 21 29 45 93 86
Interest 8 9 12 8 2 0 1 1 1 2 2 4
Depreciation 24 31 44 50 44 41 40 44 41 46 53 58
Profit before tax 28 29 50 76 116 125 78 105 203 278 399 420
Tax % 22% 9% -1% 27% 33% 31% 26% 25% 26% 25% 25% 25%
24 28 33 61 88 95 52 67 149 208 300 315
EPS in Rs 8.17 9.60 11.89 20.51 29.62 31.87 17.64 22.44 50.19 70.07 100.76 105.92
Dividend Payout % 25% 21% 11% 12% 8% -0% -0% 2% 16% 25% 10% 30%
Compounded Sales Growth
10 Years: %
5 Years: 27%
3 Years: 8%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 47%
3 Years: 30%
TTM: 13%
Stock Price CAGR
10 Years: 29%
5 Years: 73%
3 Years: 34%
1 Year: 20%
Return on Equity
10 Years: %
5 Years: 29%
3 Years: 31%
Last Year: 30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 136 157 241 300 379 469 359 425 567 752 1,000 1,056
106 126 121 59 -0 -0 11 12 12 25 24 52
145 149 179 207 232 246 247 530 480 606 598 643
Total Liabilities 392 438 547 572 616 721 622 973 1,066 1,389 1,628 1,757
181 229 243 204 179 194 186 179 156 221 219 251
CWIP 21 11 4 1 0 0 1 0 0 0 0 8
Investments 13 14 47 100 136 121 40 41 78 30 668 740
177 184 253 267 301 406 395 753 832 1,138 741 757
Total Assets 392 438 547 572 616 721 622 973 1,066 1,389 1,628 1,757

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
58 55 92 164 116 95 -64 148 192 -200 370 271
-62 -59 -61 -84 -30 -42 73 -152 -62 191 -214 -68
-2 5 -43 -77 -70 -5 -1 -1 -9 -27 -54 -262
Net Cash Flow -7 1 -12 3 16 48 8 -6 120 -36 101 -60

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 40 46 40 38 39 42 50 68 45 45 30 37
Inventory Days 46 41 47 37 40 48 67 36 27 34 34 36
Days Payable 78 72 71 84 85 90 129 121 84 87 84 94
Cash Conversion Cycle 8 15 16 -9 -6 1 -13 -17 -13 -8 -21 -22
Working Capital Days 9 14 9 -5 -1 2 -3 -11 -9 48 -19 75
ROCE % 14% 13% 24% 30% 28% 17% 25% 38% 40% 41% 40%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 64.31% 64.31% 64.31% 64.31%
0.61% 0.58% 0.77% 1.11% 1.22% 1.64% 1.79% 1.55% 2.42% 2.38% 2.16% 2.20%
0.00% 0.00% 0.00% 0.00% 0.24% 0.29% 0.30% 0.42% 9.32% 11.41% 11.94% 11.72%
0.12% 0.00% 0.00% 0.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26.08% 26.24% 26.03% 25.57% 25.34% 24.88% 24.72% 24.83% 23.94% 21.89% 21.59% 21.77%
No. of Shareholders 11,91814,30814,75015,04615,20317,95419,17420,81627,37533,96032,94333,828

* 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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