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 bookMarket 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%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 64.31% | 64.31% | 64.31% | 64.31% | 64.31% | 64.31% | 64.31% | 64.31% |
| FIIs | 2.42% | 2.38%▼0.0 | 2.16%▼0.2 | 2.2%▲0.0 | 2.26%▲0.1 | 2.46%▲0.2 | 2.23%▼0.2 | 2.43%▲0.2 |
| DIIs | 9.32% | 11.41%▲2.1 | 11.94%▲0.5 | 11.72%▼0.2 | 11.52%▼0.2 | 11.44%▼0.1 | 11.7%▲0.3 | 11.51%▼0.2 |
| Public | 23.94% | 21.89%▼2.1 | 21.59%▼0.3 | 21.77%▲0.2 | 21.91%▲0.1 | 21.8%▼0.1 | 21.76%▼0.0 | 21.75%▼0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 763 | 689 | 703 | 685 | 711 | 690 | 750 | 756 | 787 | 882 |
| Expenses | 663 | 595 | 604 | 590 | 606 | 595 | 649 | 658 | 686 | 775 |
| Operating Profit | 99 | 94 | 99 | 96 | 105 | 95 | 101 | 98 | 101 | 106 |
| OPM % | 13% | 14% | 14% | 14% | 15% | 14% | 13% | 13% | 13% | 12% |
| Net Profit | 79 | 75 | 86 | 76 | 79 | 75 | 83 | 99 | 75 | 80 |
| EPS ₹ | 13.28 | 12.62 | 14.41 | 13.3 | 13.75 | 13.02 | 14.38 | 17.26 | 13.13 | 13.96 |
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%.
Recent Announcements
- Board Meeting Intimation for 1) Quarterly Financial Results 2) Recommendation Of Final Dividend, If Any 14 May - Board to meet on May 21, 2026 to approve Q4 FY26 audited results and consider final dividend.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026.
- Announcement Under Regulation 30 30 Mar - CIT(A) order dated March 27, 2026 reduces AY2022-23 demand from Rs4.30Cr to Rs5.22L; company will appeal.
- Closure of Trading Window 27 Mar
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 26 Feb - CIT(A) orders dated Feb 23, 2026 reduce tax demand from Rs84.89 Cr to Rs6.11 Cr; appeal to ITAT.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse