Sharat Industries Ltd.

•

sharatindustries.comBSE: 519397NSE: SHINDL

Market Cap₹ 643 Cr.

Current Price

High / Low₹ 180 / 131

Stock P/E38.2

Book Value₹ 41

Price to Book2.09

Dividend Yield0.00 %

ROCE11.9 %

ROE9.0 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

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PROS

Promoters have been increasing their shareholding - up 6.1pp over 2 years
Attractively priced for its growth - PEG of 0.9
Company converts assets efficiently - asset turnover of 1.6x

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 8.3% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.45x)
Company has a low return on capital employed of 11.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsAgriAquaculture

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	APEX	368.80	22.42	1152.50	0.68	21.66	138.08	256.53	-0.63	10.45	11.79
2.	SHINDL	163.85	38.22	642.53	0.00	6.28	16.95	120.30	4.43	11.89	10.78
3.	WATERBASE	47.23	0.00	195.66	0.00	1.19	136.13	121.49	39.42	-10.64	2.77

Detailed Comparison with:

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
	80	97	61	65	90	100	96	94	115	150	143	117	1,203
	74	90	56	61	82	91	89	90	104	138	133	114	1,114
Operating Profit	6	7	5	4	7	9	8	4	11	12	10	3	90
OPM %	7.23%	7.43%	7.72%	5.46%	8.22%	9.17%	8.09%	4.44%	9.76%	7.97%	6.68%	2.84%	7.44%
	0	0	0	-0	0	0	0	1	0	0	2	1	-1
Interest	2	3	2	2	2	3	3	3	3	3	3	3	28
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	13
Profit before Tax	2	4	1	0	4	5	4	1	7	8	7	0	89
Tax %	27.71%	28.32%	25.41%	-1066.67%	27.90%	31.37%	27.40%	26.03%	27.82%	30.38%	29.15%	62.50%	29.12%
Net Profit	0	0	0	0	3	4	3	1	5	6	5	0	63
	0.75	1.18	0.38	0.12	1.28	1.56	1.10	0.15	1.39	1.46	1.21	0.02	1.60

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	247	333	302	381	530
	233	314	281	352	496
Operating Profit	14	19	21	29	34
OPM %	5.58%	5.70%	7.11%	7.51%	6.37%
	1	3	1	2	3
Interest	6	9	10	11	12
Depreciation	4	4	5	5	5
Profit before Tax	5	9	8	14	24
Tax %	23.22%	28.13%	23.32%	29.01%	29.78%
Net Profit	3	6	6	10	17
EPS	1.53	2.67	2.46	2.61	—
Dividend Payout %	0.00%	0.00%	10.17%	9.57%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 15%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 43%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 8%
Last Year:: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	24	24	24	38
	46	55	60	99
	89	88	94	113
Trade Payables	13	16	12	16
	14	15	13	13
Total Liabilities	186	198	204	279
	46	49	46	43
Capital Work in Progress	3	1	2	2
	55	55	67	75
	0	0	57	97
Cash & Bank	6	12	5	26
	77	80	28	36
Total Assets	186	198	204	279

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	3	19	-2	-26
Cash from Investing	-8	-6	-2	-2
Cash from Financing	9	-7	-4	48
	3	4	-7	20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	38.95	43.58	43.58	43.58	43.95	43.95	44.37	45.01	45.01
	0.00	0.23	0.20	0.20	0.20	0.18	0.00	0.00	0.07
	0.36	0.22	0.22	0.22	0.22	0.22	0.22	0.59	0.59
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	60.69	55.97	56.00	56.00	55.62	55.64	55.41	54.40	54.33

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for SHINDL

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Sharat Industries Ltd.

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Name

APEX

368.80

22.42

1152.50

0.68

21.66

138.08

256.53

-0.63

10.45

11.79

SHINDL

163.85

38.22

642.53

0.00

6.28

16.95

120.30

4.43

11.89

10.78

WATERBASE

47.23

0.00

195.66

0.00

1.19

136.13

121.49

39.42

-10.64

2.77

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

100

115

150

143

117

1,203

104

138

133

114

1,114

Operating Profit

OPM %

7.23%

7.43%

7.72%

5.46%

8.22%

9.17%

8.09%

4.44%

9.76%

7.97%

6.68%

2.84%

7.44%

-0

-1

Interest

Depreciation

Profit before Tax

Tax %

27.71%

28.32%

25.41%

-1066.67%

27.90%

31.37%

27.40%

26.03%

27.82%

30.38%

29.15%

62.50%

29.12%

Net Profit

0.75

1.18

0.38

0.12

1.28

1.56

1.10

0.15

1.39

1.46

1.21

0.02

1.60

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

247

333

302

381

530

233

314

281

352

496

Operating Profit

OPM %

5.58%

5.70%

7.11%

7.51%

6.37%

Interest

Depreciation

Profit before Tax

Tax %

23.22%

28.13%

23.32%

29.01%

29.78%

Net Profit

EPS

1.53

2.67

2.46

2.61

—

Dividend Payout %

0.00%

10.17%

9.57%

—

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

113

Trade Payables

Total Liabilities

186

198

204

279

Capital Work in Progress

Cash & Bank

Total Assets

186

198

204

279

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-2

-26

Cash from Investing

-8

-6

-2

Cash from Financing

-7

-4

-7

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

38.95

43.58

43.95

44.37

45.01

0.00

0.23

0.20

0.18

0.00

0.07

0.36

0.22

0.59

Government

0.00

60.69

55.97

56.00

55.62

55.64

55.41

54.40

54.33

Sharat Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Sharat Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI