Sharda Motor Industries Limited
NSE: SHARDAMOTRAuto Components & Equipments
Share price
₹884.40
-4.37% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
69
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹4,864 Cr
P/E ratio
14.5
P/B ratio
3.9
ROCE
34.5%
ROE
25.3%
Dividend yield
2.2%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Our sales figures for this company step up at Sep 2020 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.
Whether it grew faster than its sector
Our sales figures for this company step up at Sep 2020 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.
Room to re-rate, or risk of de-rating
At 14.5× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 51.0×, across 5 companies. It is against its own five-year median of 23.6×, the 11th percentile of its own range.
Whether growth justifies the valuation
Priced at 1.0 times its growth rate, on earnings growth of 14%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Sharda Motor Industries Limited — this one | 14%/yr | 14.5× | ₹1.0 |
| Samvardhana Motherson International Limited | 40%/yr | 35.3× | ₹0.88 |
| Bosch Limited | 14%/yr | 54.8× | ₹3.9 |
| Bharat Forge Limited | 33%/yr | 85.2× | ₹2.6 |
| UNO Minda Limited | 23%/yr | 51.0× | ₹2.2 |
| Schaeffler India Limited | 10%/yr | 46.2× | ₹4.6 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Auto Components & Equipments), it ranks 5 of 101 on returns, 43 of 99 on growth, 54 of 101 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A wide advantage: it earns 34.5% on capital, ahead of 95% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹996 crore of cash from the business, spent ₹232 crore on plant and equipment, and returned ₹452 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 92 arrived as cash. Its cash comes back faster than it used to: it went from being paid 9 days before it paid its own suppliers to paid 18 days before it paid its own suppliers.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
9 of 9 checks clear · 100%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 10 Aug 2026 · Consolidated · Unaudited
Revenue
₹1,011 Cr
Revenue vs last year
+33.7%
Revenue vs last quarter
+4.0%
Net profit
₹87 Cr
Profit vs last year
-13.5%
Profit vs last quarter
-2.8%
Net margin
8.6%
EPS
₹15.07
Earnings call transcript · 11 Aug 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹4,864 Cr
- Prev close
- ₹884.40
- 52w High
- ₹1,190
- 52w Low
- ₹700
- Enterprise value
- ₹3,922 Cr
- Beta
- 1.2
- Price CAGR 1y
- -13.0%
- Price CAGR 3y
- 25.0%
- Price CAGR 5y
- 25.0%
- Price CAGR 10y
- 23.0%
Ratios
- Return on assets
- 15.6%
- PEG ratio
- 1.1
- P/E ratio
- 14.5
- P/B ratio
- 3.9
- EV / EBITDA
- 9.3
- Industry P/E
- 30.6
- ROCE
- 34.5%
- ROCE 5y average
- 38.2%
- ROE
- 25.3%
- Debt / Equity
- 0.0
- Interest coverage
- 115.8
- Dividend yield
- 2.2%
- ROE 3y average
- 28.0%
- ROE last year
- 25.0%
Annual P&L
- Annual revenue
- ₹3,397 Cr
- Annual profit
- ₹345 Cr
- Operating margin
- 12.0%
- Net profit margin
- 10.2%
- EBITDA margin
- 12.3%
- Sales growth 3y
- 8.0%
- Sales growth 5y
- 14.4%
- Profit growth 3y
- 14.0%
- Profit growth 5y
- 36.0%
- EPS
- ₹60.2
- Sales growth TTM
- 26.0%
- Profit growth TTM
- 4.0%
- Dividend payout
- 33.0%
Quarter P&L
- Sales latest quarter
- ₹1,011 Cr
- Profit latest quarter
- ₹87 Cr
- YoY quarterly sales growth
- 33.7%
- YoY quarterly profit growth
- -13.0%
- OPM latest quarter
- 10.2%
Balance Sheet
- Book Value
- ₹239
- Face Value
- ₹2.0
- Total debt
- ₹49 Cr
- Total cash
- ₹95 Cr
- Borrowings
- ₹49 Cr
- Reserves / Equity
- 118.4
Cash Flow
- Operating cash flow
- ₹363 Cr
- Free cash flow
- ₹324 Cr
- FCF yield
- 6.6%
- Net cash flow
- -₹107 Cr
Shareholding
- Promoter holding
- 64.3%
- FII holding
- 1.7%
- DII holding
- 12.0%
- Public holding
- 22.0%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Samvardh. Mothe. | 154.95 | 35.7 | 1,63,541 | 0.38 | 1,075.7 | 81.5 | 35,243.8 | 16.6 | 13.4 |
| Bosch | 43,225.00 | 53.9 | 1,27,497 | 0.61 | 706.1 | 5.2 | 5,841.9 | 22.0 | 21.5 |
| Bharat Forge | 1,794.00 | 86.8 | 87,668 | 0.46 | -89.9 | -57.7 | 4,639.9 | 18.7 | 12.6 |
| Uno Minda | 1,095.70 | 51.8 | 63,273 | 0.24 | 315.5 | 1.8 | 5,556.9 | 23.8 | 19.6 |
| Schaeffler India | 3,733.00 | 45.2 | 58,348 | 0.93 | 336.7 | 13.7 | 2,681.4 | 17.5 | 27.9 |
| Sona BLW Precis. | 794.25 | 63.8 | 49,575 | 0.42 | 220.1 | 73.4 | 1,157.2 | 50.8 | 15.1 |
| Tube Investments | 2,268.45 | 70.1 | 43,911 | 0.15 | 294.0 | -15.3 | 6,215.3 | 17.1 | 17.1 |
| Sharda Motor | 885.45 | 15.1 | 5,083 | 2.23 | 86.5 | 4.6 | 1,011.1 | 33.7 | 34.5 |
| Median | 446.05 | 29.2 | 1,565 | 0.32 | 12.3 | 22.3 | 265.5 | 21.0 | 16.4 |
Competes with: Bharat Forge Limited, Bosch Limited, Samvardhana Motherson International Limited, Schaeffler India Limited, Sona BLW Precision Forgings Limited, Tube Investments of India Limited, UNO Minda Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 654 | 763 | 689 | 703 | 685 | 711 | 690 | 750 | 756 | 787 | 882 | 972 | 1,011 |
| Expenses | 586 | 663 | 595 | 604 | 590 | 606 | 595 | 649 | 658 | 687 | 775 | 859 | 908 |
| Material Cost | 533 | 552 | 583 | 665 | 743 | 789 | |||||||
| Change in Inventories | 12 | 0.92 | -5.56 | -0.78 | -5.04 | 0.86 | |||||||
| Purchases of Stock-in-Trade | 14 | 14 | 15 | 15 | 17 | 17 | |||||||
| Employee Cost | 39 | 41 | 39 | 40 | 40 | 42 | |||||||
| Other Expenses | 52 | 51 | 55 | 56 | 63 | 58 | |||||||
| Operating Profit | 68 | 99 | 94 | 99 | 96 | 105 | 95 | 101 | 98 | 100 | 106 | 113 | 103 |
| OPM % | 10 | 13 | 14 | 14 | 14 | 15 | 14 | 13 | 13 | 13 | 12 | 12 | 10 |
| Other Income | 19 | 20 | 23 | 31 | 20 | 15 | 22 | 29 | 46 | 18 | 19 | 25 | 28 |
| Exceptional items (within Other Income) | 0 | 22 | 0 | -4.46 | 0.20 | 0 | |||||||
| Interest | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 12 | 13 | 14 | 14 | 13 | 14 | 15 | 17 | 14 | 16 | 17 | 17 | 15 |
| Profit before tax | 74 | 106 | 102 | 117 | 102 | 106 | 101 | 111 | 130 | 102 | 107 | 120 | 115 |
| Tax % | 25 | 24 | 26 | 24 | 25 | 26 | 25 | 24 | 23 | 27 | 24 | 25 | 25 |
| Net Profit | 55 | 80 | 76 | 88 | 77 | 79 | 75 | 84 | 100 | 75 | 81 | 89 | 87 |
| EPS in Rs | 9.28 | 13 | 13 | 15 | 13 | 14 | 13 | 15 | 17 | 13 | 14 | 16 | 15 |
| Diluted EPS in Rs | 29 | 35 | 13 | 14 | 16 | 15 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 751 | 927 | 1,042 | 1,155 | 1,140 | 863 | 1,737 | 2,255 | 2,700 | 2,809 | 2,837 | 3,397 | 3,652 |
| Expenses | 687 | 841 | 912 | 1,010 | 994 | 767 | 1,607 | 2,039 | 2,418 | 2,448 | 2,440 | 2,978 | 3,229 |
| Material Cost | 2,039 | 2,543 | |||||||||||
| Change in Inventories | 1.82 | -10 | |||||||||||
| Purchases of Stock-in-Trade | 55 | 62 | |||||||||||
| Employee Cost | 147 | 160 | |||||||||||
| Other Expenses | 197 | 224 | |||||||||||
| Operating Profit | 65 | 87 | 130 | 145 | 145 | 96 | 129 | 216 | 282 | 361 | 396 | 419 | 423 |
| OPM % | 9 | 9 | 12 | 13 | 13 | 11 | 7 | 10 | 10 | 13 | 14 | 12 | 12 |
| Other Income | 5 | 19 | 4 | 16 | 21 | 24 | 21 | 29 | 45 | 93 | 86 | 108 | 90 |
| Exceptional items (within Other Income) | 0 | 18 | |||||||||||
| Interest | 9 | 12 | 8 | 2 | 0 | 1 | 1 | 1 | 2 | 2 | 3.93 | 4.33 | 4 |
| Depreciation | 31 | 44 | 50 | 44 | 41 | 40 | 44 | 41 | 46 | 53 | 58 | 63 | 65 |
| Profit before tax | 29 | 50 | 76 | 116 | 125 | 78 | 105 | 203 | 278 | 399 | 420 | 459 | 444 |
| Tax % | 9 | -1 | 27 | 33 | 31 | 26 | 25 | 26 | 25 | 25 | 25 | 25 | |
| Net Profit | 28 | 33 | 61 | 88 | 95 | 52 | 67 | 149 | 208 | 300 | 315 | 345 | 332 |
| EPS in Rs | 4.79 | 5.93 | 10 | 15 | 16 | 8.81 | 11 | 25 | 35 | 50 | 55 | 60 | 58 |
| Diluted EPS in Rs | 110 | 60 | |||||||||||
| Dividend Payout % | 21 | 11 | 12 | 8 | 0 | 0 | 2 | 16 | 25 | 10 | 30 | 33 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 14%
- 5 years
- 14%
- 3 years
- 8%
- TTM
- 26%
Compounded profit growth
- 10 years
- 26%
- 5 years
- 36%
- 3 years
- 14%
- TTM
- 4%
Stock price CAGR
- 10 years
- 23%
- 5 years
- 25%
- 3 years
- 25%
- 1 year
- -13%
Return on equity
- 10 years
- 26%
- 5 years
- 29%
- 3 years
- 28%
- Last year
- 25%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2012 | Mar 2016 | 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 | 5.95 | 5.74 | 11 |
| Reserves | 157 | 241 | 300 | 379 | 469 | 359 | 425 | 567 | 752 | 1,000 | 1,056 | 1,302 |
| Borrowings | 126 | 121 | 59 | 0 | 0 | 11 | 12 | 12 | 25 | 24 | 52 | 49 |
| Other Liabilities | 149 | 179 | 207 | 232 | 246 | 247 | 530 | 480 | 606 | 598 | 643 | 853 |
| Minority Interest | -0.02 | -0.02 | ||||||||||
| Total Liabilities | 438 | 547 | 572 | 616 | 721 | 622 | 973 | 1,066 | 1,389 | 1,628 | 1,757 | 2,215 |
| Fixed Assets | 229 | 243 | 204 | 179 | 194 | 186 | 179 | 156 | 221 | 219 | 251 | 269 |
| CWIP | 11 | 4 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 8 | 14 |
| Investments | 14 | 47 | 100 | 136 | 121 | 40 | 41 | 78 | 30 | 668 | 740 | 1,136 |
| Other Assets | 184 | 253 | 267 | 301 | 406 | 395 | 753 | 832 | 1,138 | 741 | 757 | 796 |
| Total Assets | 438 | 547 | 572 | 616 | 721 | 622 | 973 | 1,066 | 1,389 | 1,628 | 1,757 | 2,215 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 55 | 92 | 164 | 116 | 95 | -64 | 148 | 192 | -200 | 370 | 271 | 363 |
| Cash from Investing Activity | -59 | -61 | -84 | -30 | -42 | 73 | -152 | -62 | 191 | -214 | -68 | -370 |
| Cash from Financing Activity | 5 | -43 | -77 | -70 | -5 | -1 | -1 | -9 | -27 | -54 | -262 | -100 |
| Net Cash Flow | 1 | -12 | 3 | 16 | 48 | 8 | -6 | 120 | -36 | 101 | -59 | -107 |
| Free Cash Flow | -5 | 90 | 150 | 98 | 37 | -77 | 124 | 178 | -289 | 340 | 212 | 324 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 46 | 40 | 38 | 39 | 42 | 50 | 68 | 45 | 45 | 30 | 37 | 39 |
| Inventory Days | 41 | 47 | 37 | 40 | 48 | 67 | 36 | 27 | 34 | 34 | 36 | 40 |
| Days Payable | 72 | 71 | 84 | 85 | 90 | 129 | 121 | 84 | 87 | 84 | 94 | 109 |
| Cash Conversion Cycle | 15 | 16 | -9 | -6 | 1 | -13 | -17 | -13 | -8 | -21 | -22 | -30 |
| Working Capital Days | -39 | -25 | -15 | -1 | 2 | -4 | -11 | -9 | 48 | -19 | -16 | -18 |
| ROCE % | 13 | 24 | 30 | 28 | 17 | 25 | 38 | 40 | 41 | 38 | 34 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
-942inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
3,10,77,502inr
2026-03-31
News
News and filings about Sharda Motor Industries Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- aluminized steel tube
- stainless steel
Depends on the price of
- steel
Buys from
- Affordable Robotic & Automation Limited · turnkey automation solutions
- Sintercom India Limited · sintered exhaust-system components (Tier-1)
Sells to
- Ashok Leyland · CV exhaust/emission systems
- Carrier · Genset emission/HVAC systems (non-auto)
- Cummins India Limited · Genset emission/exhaust systems (non-auto)
- Escorts Kubota Limited · Tractor exhaust/emission systems
- FORCE MOTORS LTD · CV exhaust/emission systems
- Hyundai Motor India Limited · Exhaust/emission systems (various models); top-2 exhaust client
- Mahindra & Mahindra · Exhaust/emission systems + Independent Front Suspension (SMIL is preferred IFS supplier)
- TAFE · Tractor exhaust/emission systems
- Tata Motors Limited · Exhaust/emission systems (PV+CV); Sanand plant in Tata Motors Vendor Park
- Tata Motors Passenger Vehicles Limited · Exhaust/emission systems (PV+CV); Sanand plant in Tata Motors Vendor Park
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Automobile and Auto Components
- Industry
- Auto Components & Equipments
- Classification
- Automobile and Auto Components › Auto Components & Equipments
- ISIN
- INE597I01028
Plants
- Sharda Motor Chakan plant
- Sharda Motor Chennai R&D Centre
- Sharda Motor Haridwar plant
- Sharda Motor Nashik plant
- Sharda Motor Sanand plant
- Sharda Motor Surajpur plant
News impact
Big market events that reach Sharda Motor Industries Limited, and how the effect spreads.
1 Oct, 11:59 IST · Market event · medium impact
Hyundai Motor India records 'highest-ever' monthly sales in Sept at 77,916 units
Hyundai India sold a record 77,916 cars in September, helping its own shares, rival car makers and parts suppliers, while rivals that lose buyers face the only drag.
Who it hits first
- Hyundai India sold 77,916 cars in September, its best month ever, with home sales of 57,166 up 10.9% and exports of 20,750 up 10.4%.
- A record month means fuller factory lines, more parts bought from suppliers and cheerful dealers.
- Maruti Suzuki, which makes small cars, and Apollo Tyres, which makes tyres, feel the readthrough as industry demand looks strong.
Who may gain
- Hyundai Motor India itself on record volumes and better factory use
- Rival car makers like Maruti Suzuki and Mahindra & Mahindra as strong demand lifts the whole market
- Parts makers like Samvardhana Motherson, Bosch, Apollo Tyres and Sharda Motor on more orders
Along the supply chain
Downstream
Dealers, transporters moving new cars, insurers and lenders writing more car loans all gain as more Hyundais reach homes and ports.
Upstream
Tyre, battery, glass, wiring, steel and chip sellers to Hyundai see higher call-offs, with Motherson, Bosch and Apollo Tyres among those named as suppliers in the pack.
Where demand moves
Business
Hyundai orders more tyres, batteries, glass, wiring and steel as it builds more cars, while dealers hire and stock up for festive buyers.
Capital
Investors buy Hyundai, its listed suppliers and rival car makers on proof that car demand is strong, favouring names with clean balance sheets.
How it spreads across sectors
Automobile and Auto Components
positive — record car sales lift makers and parts suppliers
When it plays out
Immediate
In 1–7 days, Hyundai, rival car shares and key suppliers firm on the record print.
Medium term
In 1–6 months, sustained volumes feed supplier earnings, while a demand miss would unwind the lift.
Short term
In 1–4 weeks, festive bookings and rival sales prints show whether the strength spreads.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 18 Sep 2026 | unspecified | ₹20 |
|---|---|---|
| 4 Jul 2025 | bonus | ₹0 |
| 13 Jun 2025 | unspecified | ₹32.5 |
| 19 Sep 2024 | unspecified | ₹9.92 |
| 18 Sep 2023 | unspecified | ₹17.27 |
| 12 Sep 2022 | unspecified | ₹8.15 |
| 18 Aug 2021 | unspecified | ₹2.63 |
| 16 Apr 2021 | split | ₹0 |
Splits, bonuses & buybacks
- daily-prices repair: 13 rows from NSE's archive (replace 6, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-261 Sep 2026
- Earnings call · Q1FY2711 Aug 2026
- Earnings call · Q4FY2622 May 2026
- Earnings call · Q3FY269 Feb 2026
- Annual report · 2024-2525 Aug 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.