MarketFriction

Sharda Motor Industries Ltd

NSE SHARDAMOTR · BSE 535602 · Auto Components & Equipments
₹928.80 -2.94%
NSE close2026-10-01
52 week range700.00 - 1,189.90
Market cap₹5,576 Cr.
P/E16.6
Price band 20% Delivery 48.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7636897036857116907507567878829721,011
Expenses663595604590606595649658687775859908
Operating Profit999499961059510198100106113103
OPM %13%14%14%14%15%14%13%13%13%12%12%10%
Other Income202331201522294618192528
Interest110001211111
Depreciation131414131415171416171715
Profit before tax106102117102106101111130102107120115
Tax %24%26%24%25%26%25%24%23%27%24%25%25%
Net Profit8076887779758410075818987
EPS in Rs13.4612.7714.8413.3913.7113.1414.6217.4113.0114.1715.5815.07
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9271,0421,1551,1408631,7372,2552,7002,8092,8373,3973,652
Expenses8419121,0109947671,6072,0392,4182,4482,4402,9783,229
Operating Profit8713014514596129216282361396419423
OPM %9%12%13%13%11%7%10%10%13%14%12%12%
Other Income194162124212945938610890
Interest1282011122444
Depreciation445044414044414653586365
Profit before tax507611612578105203278399420459444
Tax %-1%27%33%31%26%25%26%25%25%25%25%
Net Profit336188955267149208300315345332
EPS in Rs5.9310.2414.7815.918.8111.2025.0835.0150.3554.8660.1757.83
Dividend Payout %11%12%8%0%0%2%16%25%10%30%33%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%14%8%26%
Compounded Profit Growth26%36%14%4%
Stock Price CAGR25%26%26%-9%
Return on Equity26%29%28%25%
Mar 2012Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital6666666666611
Reserves1572413003794693594255677521,0001,0561,302
Borrowings126121590011121225245249
Other Liabilities149179207232246247530480606598643853
Total Liabilities4385475726167216229731,0661,3891,6281,7572,215
Fixed Assets229243204179194186179156221219251269
CWIP11410010000814
Investments1447100136121404178306687401,136
Other Assets1842532673014063957538321,138741757796
Total Assets4385475726167216229731,0661,3891,6281,7572,215
Mar 2012Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity559216411695-64148192-200370271363
Cash from Investing Activity-59-61-84-30-4273-152-62191-214-68-370
Cash from Financing Activity5-43-77-70-5-1-1-9-27-54-262-100
Net Cash Flow1-12316488-6120-36101-59-107
Free Cash Flow-5901509837-77124178-289340211324
CFO/OP90%119%141%107%93%-45%140%115%-45%130%94%114%
Mar 2012Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days464038394250684545303739
Inventory Days414737404867362734343640
Days Payable727184859012912184878494109
Cash Conversion Cycle1516-9-61-13-17-13-8-21-22-30
Working Capital Days-39-25-15-12-4-11-948-19-16-18
ROCE %13%24%30%28%17%25%38%40%41%38%34%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters73.20%73.20%73.20%64.31%64.31%64.31%64.31%64.31%64.31%64.31%64.31%64.31%
FIIs1.64%1.79%1.55%2.42%2.38%2.16%2.20%2.26%2.46%2.23%2.43%1.73%
DIIs0.29%0.30%0.42%9.32%11.41%11.94%11.72%11.52%11.44%11.70%11.51%11.99%
Public24.88%24.72%24.83%23.94%21.89%21.59%21.77%21.91%21.80%21.76%21.75%21.97%
No. of Shareholders17,95419,17420,81627,37533,96032,94333,82835,83938,93237,53737,22038,665

Fundamentals

Market Cap₹ 5,576 Cr.
Current Price₹ 971
Stock P/E16.6
Book Value₹ 229
ROCE34.5 %
ROE25.2 %
Dividend Yield2.06 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)26%
Compounded Profit Growth (TTM)4%
Consolidated figures.
Valuation
Market capRs 5,332 Cr
Enterprise valueRs 5,286 Cr
P/E (TTM)16.06x
Price to book4.06x
Price to sales1.46x
EV / EBITDA10.30x
EV / EBIT11.79x
EV / sales1.45x
Price to cash flow14.69x
Earnings yield6.23%
Dividend yield2.15%
P/E, 3-year average8.58x
P/B, 3-year average2.42x
P/E, 5-year average7.44x
P/B, 5-year average2.06x
Profitability
Operating margin (excl. other income)12.33%
Operating margin (incl. other income)15.51%
EBITDA margin14.05%
Pre-tax margin12.16%
Net profit margin9.09%
Net margin, latest quarter8.56%
ROE29.09%
ROCE37.43%
ROA17.39%
ROE, 3-year average31.17%
ROCE, 3-year average40.43%
ROA, 3-year average18.62%
ROE, 5-year average30.91%
ROCE, 5-year average40.40%
ROA, 5-year average17.50%
ROIC (approx.)26.63%
Tax rate24.74%
Other income / net worth8.23%
Growth
Sales growth (latest year)19.75%
Profit growth (latest year)9.68%
Sales CAGR, 3 years7.95%
Sales CAGR, 5 years14.36%
Profit CAGR, 3 years18.36%
Profit CAGR, 5 years38.97%
Sales growth QoQ4.05%
Profit growth QoQ-3.23%
Sales growth YoY (latest quarter)33.70%
Profit growth YoY (latest quarter)-13.42%
Per share
EPS (TTM)Rs 57.84
EPS (latest year)Rs 60.17
EPS (latest quarter)Rs 15.07
EPS, 3-year averageRs 90.22
EPS, 5-year averageRs 78.18
Book value per shareRs 228.74
Sales per shareRs 636.13
Cash flow per shareRs 63.22
Free cash flow per shareRs 56.44
Dividend per share (latest year)Rs 20.00
Dividend per share, 3-year averageRs 20.81
Dividend per share, 5-year averageRs 17.57
Dividends
Dividend payout33.24%
Dividend payout, 3-year average24.24%
Dividend payout, 5-year average22.72%
Efficiency
Asset turnover1.53x
Fixed asset turnover12.65x
Inventory turnover9.69x
Inventory days38 days
Debtor days39 days
Debtors turnover9.38x
Creditor days109 days
Cash conversion cycle-30 days
Working capital days-18 days
Leverage
Total debtRs 49 Cr
Cash and bankRs 95 Cr
Net debtRs -46 Cr
Debt to equity0.04x
Net debt / EBITDA-0.09x
Interest coverage100.09x
Current ratio (filing 2026-03-31)1.98x
Quick ratio (filing 2026-03-31)1.64x
Trade payables (filing 2026-03-31)Rs 775 Cr
Owners' fund to total sources59.28%
Debt to assets2.22%
Cash flow
Cash from Operating Activity (latest year)Rs 363 Cr
Cash from Investing Activity (latest year)Rs -370 Cr
Cash from Financing Activity (latest year)Rs -100 Cr
Net Cash Flow (latest year)Rs -107 Cr
Free cash flow (latest year)Rs 324 Cr
FCFE (approx.: FCF + change in debt)Rs 322 Cr
Cash from ops / profit, 5 years0.76x
Sales to cash flow9.36x
Statement figures
Net sales (TTM)Rs 3,652 Cr
Net sales (latest year)Rs 3,397 Cr
Sales (latest quarter)Rs 1,011 Cr
Operating profit excl. other income (latest year)Rs 419 Cr
Operating profit (latest quarter)Rs 103 Cr
Other income (TTM)Rs 90 Cr
EBITDA (TTM)Rs 513 Cr
PBDT (TTM)Rs 509 Cr
Profit before tax (TTM)Rs 444 Cr
Tax (latest year)Rs 114 Cr
Net profit (TTM)Rs 332 Cr
Net profit (latest year)Rs 345 Cr
Net profit (latest quarter)Rs 87 Cr
Depreciation (TTM)Rs 65 Cr
Depreciation (latest quarter)Rs 15 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 2,737 Cr
Total expenditure (latest year)Rs 2,978 Cr
Total income (latest year)Rs 3,505 Cr
Share capitalRs 11 Cr
ReservesRs 1,302 Cr
Shareholders' fundsRs 1,313 Cr
Total assetsRs 2,215 Cr
Net blockRs 269 Cr
Capital work in progressRs 14 Cr
InvestmentsRs 1,136 Cr
ReceivablesRs 362 Cr
InventoryRs 282 Cr
Other liabilitiesRs 853 Cr
Shares outstanding (crore)5.74
Ownership
Promoter holding64.31% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 16.1 is at the 50th percentile of its own 9.4-year range (median 15.7, low 3.4, high 38.0).
P/B 4.06 is at the 53th percentile (median 3.90).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSHARDAMOTRNifty 50Difference
1 week-3.4%-2.8% -0.7 pts
1 month+5.0%-6.8% +11.8 pts
3 months+3.4%-7.6% +11.0 pts
6 months+31.2%+0.4% +30.8 pts
1 year-14.9%-9.9% -5.0 pts
2 years-26.1%-13.6% -12.5 pts
3 years+90.1%+14.2% +75.9 pts
5 years+206.7%+27.9% +178.8 pts
18 mutual fund schemes hold about ₹702 Cr. Over three months 7 bought more and 7 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Flexi Cap Fund0.64%166 -15%
Nippon India Small Cap Fund0.15%127 -7%
HSBC Small Cap Fund0.52%98 -8%
ICICI Pru Small Cap Fund0.73%72 +16%
ICICI Pru Small Cap Fund0.73%70 +16%
ICICI Pru Transportation and Logistics Fund1.29%53 -17%
HDFC Manufacturing Fund0.42%45 -5%
Parag Parikh ELSS Tax Saver Fund0.56%31 +1%
Nippon India Retirement Fund-Wealth Creation0.43%13 -3%
Groww Small Cap Fund1.71%13 -29%
iSIF Equity Ex-Top 100 Long-Short Fund0.21%5 +100%
HDFC Transportation and Logistics Fund0.20%4 -17%
ICICI Pru Balanced Hybrid Fund1.11%2 +100%
Groww Value Fund(M1.49%1 +100%
DynaSIF Equity Ex-Top 100 Long-Short Fund0.47%1 +100%
Bandhan Transportation and Logistics Fund0.06%0 +100%
Motilal Oswal BSE 1000 Index Fund0.01%0 -3%
ICICI Pru Manufacturing Fund0.00%0

Red flags

F-score 5 of 8
lookRegulator order or action Regulator order or action 2026-03-30: Sharda Motor Industries Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,011 Cr +33.7% vs Jun 2025. Net profit ₹87 Cr -13.0%.
Against our estimate for Jun 2026: sales +3.9%, profit -4.4% in line. Our estimate for Sep 2026: sales Rs 1,036 Cr, profit Rs 95 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
Samvardhana Motherson International Ltd167,35136.613.4 %
Bosch Ltd134,79757.021.5 %
Bharat Forge Ltd94,90094.012.6 %
Uno Minda Ltd67,10254.919.6 %
Schaeffler India Ltd61,27147.527.9 %
Sona BLW Precision Forgings Ltd50,90765.515.1 %
Tube Investments of India Ltd46,70974.517.1 %
Endurance Technologies Ltd37,34337.917.8 %
Exide Industries Ltd34,59536.98.54 %
Dhoot Transmission Ltd30,77668.724.4 %
Craftsman Automation Ltd27,47558.713.9 %
Sansera Engineering Ltd27,22878.113.7 %
ZF Commercial Vehicle Control System India Ltd26,15053.219.1 %
Asahi India Glass Ltd24,42154.711.5 %
Sundram Fasteners Ltd24,02238.717.6 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-09-18Dividend - Rs 20 Per Share
2025-07-04Bonus 1:10.5000
2025-06-13Dividend - Rs 32.50 Per Share
2024-09-19Annual General Meeting/Dividend - Rs 9.92 Per Share
2024-06-05Buy Back
2023-09-18Annual General Meeting/Dividend - Rs 17.27 Per Share
2022-09-12Annual General Meeting/Dividend - Rs 8.15 Per Share
2021-08-18 Annual General Meeting/Dividend - Rs 2.63 Per Share
2021-04-16 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2020-09-21 Annual General Meeting
2020-03-26 Demerger
2019-09-19 Annual General Meeting
2018-09-18 Annual General Meeting/Dividend Rs 6.25 Per Share
2018-02-20 Interim Dividend - Rs 6.25 Per Share (Purpose Revised)
2017-08-22 Annual General Meeting/Dividend - Rs 6.25 Per Share
2017-02-09 Interim Dividend Rs 6.25 Per Share (Purpose Revised)
2016-08-30 Annual General Meeting/Dividend - Rs 6.25 Per Share
2016-02-11 Interim Dividend - Rs 6.25/- Per Share (Purpose Revised)
DateTypeWhat it says
2026-10-01Credit RatingCredit Rating
2026-09-25Shareholder meetingVoting results.
2026-09-24Shareholder meetingProceedings of Annual General Meeting held on September 24, 2026
2026-09-01General UpdatesGeneral Updates
2026-09-01Record DateRecord date for the purpose of Dividend & Annual General Meeting is 18-Sep-2026.
2026-09-01Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026
2026-08-18Concall / analyst meetTranscript
2026-08-11Concall / analyst meetLink of Recording and Audio Recording
2026-08-11Investor PresentationInvestor Presentation
2026-08-10Board meeting outcomeOutcome of Board Meeting held on August 10, 2026.
2026-08-10Board meeting outcomeOutcome of Board Meeting held on August 10, 2026.
2026-08-10Board meeting outcomeSharda Motor Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-06Concall / analyst meetSchedule of meet
2026-06-30Disclosure under SEBI TakeovSharda Relan has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acqu...
2026-06-29Disclosure under SEBI TakeovAjay Relan has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquis...
2026-06-22Disclosure under SEBI TakeovIndira Choudhary has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-05-29Concall / analyst meetTranscript
2026-05-22Concall / analyst meetLink of Recording and Audio Recording
2026-05-22Investor PresentationInvestor Presentation
2026-05-21DividendBoard of Directors at its meeting held on May 21, 2026, recommended Final Dividend of Rs. 20.00 per equity share.
2026-05-21Board meeting outcomeSharda Motor Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-19Concall / analyst meetSchedule of meet
2026-03-30Regulatory actionAction(s) taken or orders passed
2026-02-26Regulatory actionAction(s) taken or orders passed
2026-02-16Concall / analyst meetTranscript
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-07-17NCLATSharda Motor Industries ltd VS Rohit Relan & Ors
2019-07-17NCLATRohit Relan & Ors. VS Sharda Motor Industries Ltd. & Ors.
2019-07-05NCLATSharda Motor Industries ltd VS Rohit Relan & Ors
2019-07-05NCLATRohit Relan & Ors. VS Sharda Motor Industries Ltd. & Ors.
2019-04-30NCLATSharda Motor Industries ltd VS Rohit Relan & Ors
2019-04-30NCLATRohit Relan & Ors. VS Sharda Motor Industries Ltd. & Ors.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Sharda Motor Industries Ltd?

Sharda Motor Industries Ltd (SHARDAMOTR) has a market capitalisation of Rs 5,576 Cr. at the 2026-10-01 close.

What is the P/E ratio of Sharda Motor Industries Ltd?

Sharda Motor Industries Ltd trades at a P/E of 16.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Sharda Motor Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Sharda Motor Industries Ltd sales was Rs 1,011 Cr (+33.7% vs Jun 2025) and net profit was Rs 87 Cr.

What is the 52-week high and low of Sharda Motor Industries Ltd?

The 52-week high is Rs 1,189.90 and the 52-week low is Rs 700.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03