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Sharda Motor Inds. Overview

Sharda Motor Industries Ltd is engaged inside the manufacturing and assembly of Auto Components and White Goods Components. The Company's important products/offerings comprises Motor vehicles components, which include suspension, silencer, exhaust pipes, and Car seats frame and seats cover. The Company operates in two segments, which include automotive components and white items. The Company's manufacturing variety consists of Exhaust Systems, Catalytic Convertors, Suspension Systems, Sheet Metal Components and Plastic elements for the Automoti...Read More

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Sharda Motor Inds. Key Financials

Market Cap ₹5300 Cr.

Stock P/E 16.8

P/B 4.3

Current Price ₹923.3

Book Value ₹ 213

Face Value 2

52W High ₹1258

Dividend Yield 1.76%

52W Low ₹ 625

Sharda Motor Inds. Share Price

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Volume
Price

Sharda Motor Inds. Quarterly Price

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Sharda Motor Inds. Peer Comparison

Sharda Motor Inds. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 763 689 703 685 711 690 750 756 787 882
Other Income 19 22 29 20 15 21 27 23 18 22
Total Income 781 711 732 705 727 711 777 779 806 904
Total Expenditure 663 595 604 590 606 595 649 658 686 775
Operating Profit 118 116 128 115 121 115 128 121 119 128
Interest 1 1 0 0 0 1 2 1 1 1
Depreciation 13 14 14 13 14 15 17 13 16 17
Exceptional Income / Expenses 0 0 0 0 0 0 0 22 0 -4
Profit Before Tax 105 102 114 102 106 100 109 129 103 106
Provision for Tax 26 27 28 26 27 25 27 30 27 26
Profit After Tax 79 75 86 76 79 75 83 99 75 80
Adjustments 1 1 3 1 -0 1 1 1 -1 1
Profit After Adjustments 80 76 88 77 79 75 84 100 75 81
Adjusted Earnings Per Share 13.5 12.8 14.9 13.4 6.9 6.6 14.6 17.4 13 14.2

Sharda Motor Inds. Profit & Loss

#(Fig in Cr.) Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 751 927 1042 1155 1140 863 1737 2255 2700 2809 2837 3175
Other Income 5 13 13 17 21 24 21 30 42 88 91 90
Total Income 757 941 1055 1172 1161 887 1758 2285 2742 2897 2927 3266
Total Expenditure 687 831 912 1010 995 767 1607 2028 2418 2448 2448 2768
Operating Profit 70 110 143 162 166 120 151 257 323 449 480 496
Interest 9 12 8 2 0 1 1 1 2 2 4 5
Depreciation 31 44 50 44 41 40 44 41 46 53 58 63
Exceptional Income / Expenses 0 -4 -9 -1 0 0 0 0 0 0 0 18
Profit Before Tax 29 50 76 116 125 78 105 203 278 399 420 447
Provision for Tax 3 16 20 38 38 21 27 54 70 100 105 110
Profit After Tax 27 33 56 78 87 58 79 149 208 300 315 337
Adjustments 2 2 5 10 8 -5 -12 0 0 0 0 2
Profit After Adjustments 29 35 61 88 95 52 66 149 208 300 315 340
Adjusted Earnings Per Share 4.8 5.9 10.2 14.8 15.9 8.8 11.1 25.1 35 50.4 54.9 59.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 1% 8% 27% 14%
Operating Profit CAGR 7% 23% 32% 21%
PAT CAGR 5% 28% 40% 28%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 6% 41% 32% 27%
ROE Average 30% 32% 29% 23%
ROCE Average 41% 43% 39% 30%

Sharda Motor Inds. Balance Sheet

#(Fig in Cr.) Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 163 247 306 385 475 365 431 573 758 1006 1062
Minority's Interest 0 0 0 0 0 0 0 0 0 0 -0
Borrowings 9 19 11 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 32 51 48 90 115 143 172 209 248 250 378
Total Current Liabilities 257 259 241 220 235 243 525 473 599 686 735
Total Liabilities 461 576 605 694 825 750 1128 1255 1604 1942 2175
Fixed Assets 229 243 204 179 194 186 179 156 221 219 251
Other Non-Current Assets 51 69 64 122 164 167 194 226 263 584 404
Total Current Assets 181 263 336 393 466 397 754 871 1120 1139 1519
Total Assets 461 576 605 694 825 750 1128 1255 1604 1942 2175

Sharda Motor Inds. Cash Flow

#(Fig in Cr.) Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 15 3 6 22 70 79 73 193 157 258
Cash Flow from Operating Activities 55 92 164 116 95 -64 148 192 -200 370 271
Cash Flow from Investing Activities -59 -61 -84 -30 -42 73 -152 -62 190 -215 -68
Cash Flow from Financing Activities 5 -43 -77 -70 -5 -1 -1 -9 -27 -54 -262
Net Cash Inflow / Outflow 1 -12 3 16 48 8 -6 120 -36 100 -60
Closing Cash & Cash Equivalent 4 3 6 22 70 79 73 193 157 258 199

Sharda Motor Inds. Ratios

# Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.79 5.94 10.24 14.79 15.91 8.79 11.15 25.09 35.04 50.38 54.86
CEPS(Rs) 9.75 13.07 17.78 20.45 21.51 16.48 20.61 31.93 42.82 59.22 65
DPS(Rs) 1 1.25 1.25 1.25 0 0 1.32 4.08 8.64 4.96 16.25
Book NAV/Share(Rs) 27.43 41.5 51.38 64.67 79.82 61.31 72.46 96.34 127.45 169.16 184.97
Core EBITDA Margin(%) 6.15 7.38 10.59 12.08 12.75 11.11 7.44 10.1 10.44 12.87 13.71
EBIT Margin(%) 3.67 4.73 6.85 9.8 11 9.2 6.14 9.06 10.38 14.29 14.94
Pre Tax Margin(%) 2.79 3.8 6.23 9.63 11 9.09 6.06 9 10.3 14.21 14.81
PAT Margin (%) 2.53 2.56 4.57 6.46 7.63 6.69 4.53 6.62 7.72 10.66 11.1
Cash Profit Margin (%) 5.5 5.95 8.63 10.1 11.22 11.35 7.06 8.42 9.43 12.54 13.15
ROA(%) 5.88 6.44 9.48 11.98 11.45 7.33 8.37 12.53 14.58 16.9 15.3
ROE(%) 17.54 16.29 20.26 22.55 20.23 13.76 19.76 29.73 31.31 33.97 30.46
ROCE(%) 14.45 18.82 22.92 31.53 29.19 18.92 26.83 40.73 42.1 45.52 41
Receivable days 29.52 27.43 31.29 34.93 40.75 52.69 46.39 48.58 41.07 36.29 32.93
Inventory Days 22.11 20.26 23.04 23.86 30.22 44.42 25.8 21.85 22.68 26.05 26
Payable days 72.85 66.01 73.88 80.19 87.94 123.88 87.15 89.6 78.54 86.08 90.33
PER(x) 0 13.29 20.15 13.06 9.39 6.3 17.63 14.87 7.98 13.54 14.38
Price/Book(x) 0 1.9 4.02 2.99 1.87 0.9 2.71 3.87 2.19 4.03 4.27
Dividend Yield(%) 0 1.58 0.61 0.65 0 0 0.67 1.09 3.09 0.73 2.06
EV/Net Sales(x) 0.17 0.6 1.18 0.93 0.66 0.21 0.52 0.81 0.56 1.35 1.53
EV/Core EBITDA(x) 1.83 5.04 8.58 6.62 4.49 1.53 6.01 7.08 4.64 8.44 9.02
Net Sales Growth(%) 7.31 23.41 12.35 10.9 -1.35 -24.29 101.22 29.87 19.71 4.05 0.97
EBIT Growth(%) 7.51 59.56 35.87 40.69 6.21 -36.68 34.39 91.55 37.06 43.3 5.6
PAT Growth(%) 22.36 25.04 67.55 39.07 11.72 -33.55 36.08 89.86 39.62 43.8 5.12
EPS Growth(%) 17.49 23.88 72.47 44.46 7.52 -44.71 26.74 125.14 39.62 43.8 8.88
Debt/Equity(x) 0.77 0.49 0.19 0 0 0 0 0 0 0 0
Current Ratio(x) 0.71 1.01 1.4 1.79 1.98 1.64 1.44 1.84 1.87 1.66 2.07
Quick Ratio(x) 0.46 0.69 1.1 1.4 1.54 1.2 1.17 1.56 1.53 1.37 1.78
Interest Cover(x) 4.15 5.09 11.05 55.43 2731.89 85.55 74.78 138.57 146.5 181.84 107.77
Total Debt/Mcap(x) 0 0.26 0.05 0 0 0 0 0 0 0 0

Sharda Motor Inds. Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 73.2 73.2 73.2 64.31 64.31 64.31 64.31 64.31 64.31 64.31
FII 1.64 1.79 1.55 2.43 2.38 2.16 2.2 2.26 2.46 2.23
DII 0.29 0.3 0.42 9.32 11.41 11.94 11.72 11.52 11.44 11.7
Public 24.88 24.71 24.83 23.95 21.9 21.6 21.78 21.91 21.79 21.77
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Sharda Motor Inds. News

Sharda Motor Inds. Pros & Cons

Pros

  • Company has delivered good profit growth of 40% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 86.08 to 90.33days.
  • Stock is trading at 4.3 times its book value.
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