Sharda Motor Industries Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2012 • Automotive Components & Accessories: 96.8% • White Goods: 3.2%
AI Sector View
AI GENERATEDAutomobile and Auto Components
Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.
PROS
- Company has delivered good profit growth of 34.5% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 41.8%
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.2%
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.04x)
CONS
- Valuation is stretched - P/E of 16.4 is well above its own 5-year median (7.2)
- Growth is decelerating - 3Y profit CAGR (18.4%) trails the 5Y trend (34.5%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSON | 164.00 | 39.52 | 173092.86 | 0.37 | 1075.66 | 77.48 | 35243.77 | 17.70 | 13.63 | 8.86 |
| BOSCHLTD | 48602.60 | 60.66 | 143358.71 | 0.56 | 706.10 | -36.74 | 5841.90 | 22.00 | 25.60 | 14.08 |
| UNOMINDA | 1223.50 | 58.77 | 70653.11 | 0.22 | 315.51 | 2.10 | 5556.85 | 23.79 | 20.74 | 11.14 |
| TIINDIA | 2650.00 | 84.58 | 51296.66 | 0.13 | 293.96 | -3.04 | 6215.33 | 20.20 | 27.33 | 8.81 |
| SONACOMS | 803.10 | 72.02 | 50123.75 | 0.42 | 178.51 | 46.67 | 1301.20 | 52.38 | 14.75 | 22.55 |
| ENDURANCE | 2716.60 | 39.40 | 38212.47 | 0.42 | 244.52 | 8.03 | 4314.89 | 30.01 | 18.33 | 12.42 |
| CRAFTSMAN | 11852.65 | 66.68 | 30999.93 | 0.09 | 150.55 | 116.31 | 2431.58 | 36.30 | 14.65 | 15.81 |
| ZFCVINDIA | 2528.05 | 57.63 | 28770.60 | 0.03 | 1044.78 | 753.75 | 10661.76 | 992.89 | 20.23 | 12.93 |
| SANSERA | 4107.40 | 73.56 | 25631.64 | 0.10 | 87.36 | 38.71 | 1021.26 | 33.27 | 14.29 | 19.18 |
| MSUMI | 36.32 | 38.39 | 24086.20 | 1.60 | 1453.20 | 915.51 | 34072.60 | 1273.43 | 43.72 | 7.58 |
| GABRIEL | 1340.50 | 79.82 | 23757.68 | 0.37 | 1081.26 | 925.35 | 14256.83 | 1055.00 | 26.37 | 11.71 |
| SHARDAMOTR | 945.85 | 16.36 | 5429.91 | 2.11 | 865.28 | 765.80 | 10110.67 | 1236.95 | 39.02 | 10.29 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 654 | 763 | 689 | 703 | 685 | 711 | 690 | 750 | 756 | 787 | 882 | 972 | 10,111 | |
| 586 | 663 | 595 | 604 | 590 | 606 | 595 | 649 | 658 | 686 | 775 | 859 | 9,239 | |
| Operating Profit | 68 | 99 | 94 | 99 | 96 | 105 | 95 | 101 | 98 | 101 | 106 | 113 | 872 |
| OPM % | 10.43% | 13.04% | 13.69% | 14.13% | 13.96% | 14.82% | 13.70% | 13.44% | 13.02% | 12.83% | 12.07% | 11.62% | 8.62% |
| 18 | 19 | 22 | 29 | 20 | 15 | 21 | 27 | 45 | 18 | 18 | 23 | 271 | |
| Interest | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 12 |
| Depreciation | 12 | 13 | 14 | 14 | 13 | 14 | 15 | 17 | 14 | 16 | 17 | 17 | 148 |
| Profit before Tax | 74 | 105 | 102 | 114 | 102 | 106 | 100 | 109 | 129 | 103 | 106 | 117 | 1,150 |
| Tax % | 25.50% | 24.62% | 26.10% | 24.93% | 25.13% | 25.78% | 25.33% | 24.44% | 23.31% | 26.52% | 24.38% | 25.92% | 24.76% |
| Net Profit | 0 | 0 | 0 | 0 | 77 | 79 | 75 | 84 | 100 | 75 | 81 | 89 | 865 |
| 18.57 | 26.94 | 25.55 | 29.70 | 25.90 | 13.70 | 13.14 | 14.62 | 34.82 | 13.01 | 14.17 | 15.58 | 15.07 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,042 | 1,155 | 1,140 | 863 | 1,737 | 2,255 | 2,700 | 2,809 | 2,837 | 3,397 | 3,652 | |
| 912 | 1,010 | 995 | 767 | 1,607 | 2,028 | 2,418 | 2,448 | 2,440 | 2,984 | 3,244 | |
| Operating Profit | 130 | 145 | 145 | 96 | 129 | 228 | 282 | 361 | 396 | 412 | 408 |
| OPM % | 12.46% | 12.59% | 12.75% | 11.11% | 7.44% | 10.10% | 10.44% | 12.87% | 13.97% | 12.14% | 11.16% |
| 4 | 16 | 21 | 24 | 21 | 30 | 42 | 88 | 83 | 111 | 86 | |
| Interest | 8 | 2 | 0 | 1 | 1 | 1 | 2 | 2 | 4 | 4 | 4 |
| Depreciation | 50 | 44 | 41 | 40 | 44 | 41 | 46 | 53 | 58 | 63 | 65 |
| Profit before Tax | 76 | 116 | 125 | 78 | 105 | 203 | 278 | 399 | 420 | 459 | 441 |
| Tax % | 26.70% | 32.89% | 30.66% | 26.41% | 25.35% | 26.47% | 25.12% | 24.96% | 25.01% | 24.74% | 25.39% |
| Net Profit | 56 | 78 | 87 | 58 | 79 | 149 | 208 | 300 | 315 | 345 | 329 |
| EPS | 102.41 | 147.94 | 159.18 | 88.10 | 112.08 | 50.19 | 70.07 | 100.77 | 109.71 | 60.17 | — |
| Dividend Payout % | 12.21% | 8.45% | 0.00% | 0.00% | 11.84% | 16.24% | 24.66% | 9.84% | 29.62% | 33.24% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 14%
- 5 Years:
- 14%
- 3 Years:
- 8%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 26%
- 5 Years:
- 39%
- 3 Years:
- 18%
STOCK PRICE CAGR
- 10 Years:
- 23%
- 5 Years:
- 25%
- 3 Years:
- 24%
- 1 Year:
- -10%
RETURN ON EQUITY
- 10 Years:
- 25%
- 5 Years:
- 31%
- 3 Years:
- 31%
- Last Year:
- 29%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 11 |
| 300 | 379 | 469 | 359 | 425 | 567 | 752 | 1,000 | 1,056 | 1,302 | |
| 61 | 0 | 0 | 10 | 12 | 12 | 24 | 23 | 49 | 46 | |
| Trade Payables | 164 | 183 | 191 | 207 | 471 | 415 | 516 | 495 | 543 | 775 |
| 74 | 126 | 158 | 169 | 214 | 254 | 307 | 418 | 521 | 611 | |
| Total Liabilities | 605 | 694 | 825 | 750 | 1,128 | 1,255 | 1,604 | 1,942 | 2,175 | 2,745 |
| 204 | 179 | 194 | 186 | 179 | 156 | 221 | 219 | 251 | 269 | |
| Capital Work in Progress | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 8 | 0 |
| 100 | 136 | 121 | 40 | 41 | 78 | 30 | 668 | 740 | 1,136 | |
| 72 | 86 | 103 | 107 | 139 | 131 | 204 | 197 | 207 | 282 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 227 | 285 | 362 | |
| Cash & Bank | 60 | 74 | 141 | 146 | 263 | 398 | 162 | 265 | 201 | 95 |
| 168 | 219 | 265 | 271 | 506 | 492 | 988 | 366 | 482 | 601 | |
| Total Assets | 605 | 694 | 825 | 750 | 1,128 | 1,255 | 1,604 | 1,942 | 2,175 | 2,745 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 183 | 156 | 135 | -43 | 180 | 249 | -127 | 370 | 271 | 363 | |
| Cash from Investing | -84 | -30 | -42 | 73 | -152 | -62 | 190 | -215 | -68 | -370 |
| Cash from Financing | -77 | -70 | -5 | -1 | -1 | -9 | -27 | -54 | -262 | -100 |
| 3 | 16 | 48 | 8 | -6 | 120 | -36 | 100 | -60 | -107 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-02 - Sharda Motor Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-01 - Sharda Motor Industries Limited has informed the Exchange about General Updates
2026-09-01 - Sharda Motor Industries Limited has informed the Exchange that Record date for the purpose of Dividend & Annual General Meeting is 18-Sep-2026.
2026-09-01 - Sharda Motor Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026
2026-08-25 - Sharda Motor Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-18 - Sharda Motor Industries Limited has informed the Exchange about Transcript
2026-08-11 - Sharda Motor Industries Limited has informed the Exchange about Link of Recording and Audio Recording
2026-08-11 - Sharda Motor Industries Limited has informed the Exchange about Investor Presentation
2026-08-10 - Sharda Motor Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on August 10, 2026.
News
Recent coverage and analyst commentary for SHARDAMOTR
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Sharda Motor Industries Ltd.
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