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Sharda Motor Industries Ltd

NSE: SHARDAMOTR BSE: 535602

Sharda Motor Industries Ltd is primarily engaged in the manufacturing and assembly of Auto Components and White Goods Components.[1]

875
52W: ₹700 — ₹1258
PE 15.5 · Book ₹202 · +333% vs book
Market Cap₹5,025 Cr
Stock P/E15.5Price to Earnings
ROCE34.6%Return on Capital
ROE26.5%Return on Equity
Div. Yield1.88%Face Value ₹2

Strengths

  • +Company is almost debt free.
  • +Company has delivered good profit growth of 40.1% CAGR over last 5 years
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 28.3%
  • +Company has been maintaining a healthy dividend payout of 21.6%

Weaknesses

  • Promoter holding has decreased over last 3 years: -8.89%

Shareholding Pattern

Promoters64.31%
FIIs2.43%
DIIs11.51%
Public21.75%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters64.31%64.31%64.31%64.31%64.31%64.31%64.31%64.31%
FIIs2.42%2.38%0.02.16%0.22.2%0.02.26%0.12.46%0.22.23%0.22.43%0.2
DIIs9.32%11.41%2.111.94%0.511.72%0.211.52%0.211.44%0.111.7%0.311.51%0.2
Public23.94%21.89%2.121.59%0.321.77%0.221.91%0.121.8%0.121.76%0.021.75%0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales763689703685711690750756787882
Expenses663595604590606595649658686775
Operating Profit999499961059510198101106
OPM %13%14%14%14%15%14%13%13%13%12%
Net Profit79758676797583997580
EPS ₹13.2812.6214.4113.313.7513.0214.3817.2613.1313.96

AI Insights

Revenue Trend

TTM revenue at ₹3,175Cr, up 11.9% YoY. OPM at 13%.

Debt Position

Borrowings at ₹50Cr. Debt-to-equity ratio: 0.04x. Healthy balance sheet.

Capex Cycle

CWIP at ₹7Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 11.51% (+11.27pp change). FIIs: 2.43% (+1.21pp change). Promoters hold 64.31%.

Margin & Efficiency

ROCE improving from 10% (Mar 2014) to 35% (Mar 2025). Working capital days: -16.

Valuation

PE 15.5x with 34.6% ROCE. Price is 333% above book value of ₹202. Dividend yield: 1.88%.

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