SHARDAMOTR

Sharda Motor Industries Limited

Auto-component supplier of emission systems and exhausts

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

shardamotor.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹885.90
Market cap
5,087 Cr
Stock P/E
15.3
P/B
3.87
Dividend yield
1.8%
ROE (FY26)
26.3%
ROCE (FY26)
35.3%
Operating margin (FY26)
10.5%
OCF / EBITDA (FY26)
86.7%
OCF / EBITDA (3Y)
85.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Sharda Motor Industries makes engineered emission-control systems and exhaust components, plus lightweight chassis parts such as control arms and links, for passenger vehicle, commercial vehicle, tractor and off-highway makers.

Company snapshot

41stBy market cap

Ranked among 94 companies in Auto Components & Equipments.

What we see

Positives
  • ✓85% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales763 Cr689 Cr703 Cr685 Cr711 Cr690 Cr750 Cr756 Cr787 Cr882 Cr972 Cr1,011 Cr
Operating expenses (approx.)663 Cr595 Cr604 Cr590 Cr606 Cr595 Cr649 Cr658 Cr686 Cr775 Cr859 Cr908 Cr
EBITDA99 Cr94 Cr99 Cr96 Cr105 Cr95 Cr101 Cr98 Cr101 Cr106 Cr113 Cr103 Cr
OPM %13.0%13.7%14.1%14.0%14.8%13.7%13.4%13.0%12.8%12.1%11.6%10.2%
Other income19 Cr22 Cr29 Cr20 Cr15 Cr21 Cr27 Cr23 Cr18 Cr22 Cr23 Cr27 Cr
Interest0.56 Cr0.94 Cr0.20 Cr0.48 Cr0.49 Cr0.58 Cr2 Cr1 Cr1 Cr1 Cr1 Cr1 Cr
Depreciation13 Cr14 Cr14 Cr13 Cr14 Cr15 Cr17 Cr13 Cr16 Cr17 Cr17 Cr15 Cr
Profit before tax106 Cr102 Cr117 Cr102 Cr106 Cr101 Cr111 Cr130 Cr102 Cr107 Cr120 Cr115 Cr
Tax %24.4%25.9%24.4%25.0%25.8%25.1%24.1%23.2%26.7%24.1%25.4%24.8%
Net profit80 Cr76 Cr88 Cr77 Cr79 Cr75 Cr84 Cr100 Cr75 Cr81 Cr89 Cr87 Cr
EPS (₹)₹26.94₹25.55₹29.70₹25.90₹27.39₹25.63₹29.24₹34.82₹13.01₹14.17₹15.58₹15.07

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,225 Cr1,204 Cr1,140 Cr863 Cr1,737 Cr2,255 Cr2,700 Cr2,809 Cr2,837 Cr3,397 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,096 Cr1,059 Cr995 Cr767 Cr1,607 Cr2,028 Cr2,418 Cr2,448 Cr2,440 Cr2,978 CrSign in free for the trailing twelve months
EBITDA130 Cr145 Cr145 Cr96 Cr129 Cr228 Cr282 Cr361 Cr396 Cr419 CrSign in free for the trailing twelve months
OPM %10.6%12.1%12.7%11.1%7.4%10.1%10.4%12.9%14.0%12.3%Sign in free for the trailing twelve months
Other income13 Cr17 Cr21 Cr24 Cr21 Cr30 Cr42 Cr88 Cr83 Cr86 CrSign in free for the trailing twelve months
Interest8 Cr2 Cr0.05 Cr0.93 Cr1 Cr1 Cr2 Cr2 Cr4 Cr4 CrSign in free for the trailing twelve months
Depreciation50 Cr44 Cr41 Cr40 Cr44 Cr41 Cr46 Cr53 Cr58 Cr63 CrSign in free for the trailing twelve months
Profit before tax81 Cr126 Cr133 Cr73 Cr93 Cr203 Cr278 Cr399 Cr420 Cr459 CrSign in free for the trailing twelve months
Tax %25.1%30.2%28.9%28.3%28.6%26.5%25.1%25.0%25.0%24.7%Sign in free for the trailing twelve months
Net profit61 Cr88 Cr95 Cr52 Cr67 Cr149 Cr208 Cr300 Cr315 Cr345 CrSign in free for the trailing twelve months
EPS (₹)₹102.41₹147.94₹159.18₹88.10₹112.08₹50.19₹70.07₹100.77₹109.71₹60.17Sign in free for the trailing twelve months
Dividend payout %————0.1%5.2%11.6%17.1%9.0%27.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr11 Cr
Reserves300 Cr379 Cr469 Cr359 Cr425 Cr567 Cr752 Cr1,000 Cr1,056 Cr1,302 Cr
Borrowings39 Cr—————————
Other liabilities227 Cr232 Cr246 Cr258 Cr542 Cr493 Cr631 Cr622 Cr695 Cr902 Cr
Total liabilities572 Cr616 Cr721 Cr622 Cr973 Cr1,066 Cr1,389 Cr1,628 Cr1,757 Cr2,215 Cr
Fixed assets (net)196 Cr175 Cr192 Cr175 Cr178 Cr156 Cr187 Cr189 Cr195 Cr220 Cr
CWIP0.71 Cr0.36 Cr0.27 Cr0.87 Cr0.11 Cr0.05 Cr0.03 Cr0.03 Cr8 Cr0 Cr
Investments100 Cr136 Cr121 Cr40 Cr41 Cr78 Cr52 Cr672 Cr740 Cr1,136 Cr
Inventories72 Cr86 Cr103 Cr107 Cr139 Cr131 Cr204 Cr197 Cr207 Cr282 Cr
Trade receivables108 Cr122 Cr132 Cr117 Cr324 Cr276 Cr331 Cr227 Cr285 Cr362 Cr
Cash & bank6 Cr22 Cr70 Cr79 Cr73 Cr193 Cr157 Cr258 Cr199 Cr92 Cr
Other assets90 Cr75 Cr102 Cr104 Cr218 Cr232 Cr458 Cr84 Cr122 Cr122 Cr
Total assets572 Cr616 Cr721 Cr622 Cr973 Cr1,066 Cr1,389 Cr1,628 Cr1,757 Cr2,215 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity164 Cr116 Cr95 Cr-64 Cr148 Cr192 Cr-200 Cr370 Cr271 Cr363 Cr
Cash from investing-84 Cr-30 Cr-42 Cr73 Cr-152 Cr-62 Cr190 Cr-215 Cr-68 Cr-370 Cr
Cash from financing-77 Cr-70 Cr-5 Cr-1 Cr-1 Cr-9 Cr-27 Cr-54 Cr-262 Cr-100 Cr
Net cash flow3 Cr16 Cr48 Cr8 Cr-6 Cr120 Cr-36 Cr101 Cr-59 Cr-107 Cr
Free cash flow (OCF − Capex)141 Cr90 Cr30 Cr-96 Cr107 Cr156 Cr-303 Cr296 Cr178 Cr271 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %25.8%33.3%28.1%20.3%22.0%35.7%37.0%39.9%39.9%35.3%
ROE %19.9%22.9%19.9%14.4%15.5%26.0%27.5%29.8%29.7%26.3%
Debtor days32374250684545303739
Inventory days39435375362735343740
Days payable90919814412385898697111
Cash conversion cycle-19-11-3-20-19-14-9-22-23-32
OCF / EBITDA %126.6%79.6%65.1%-66.4%114.6%84.2%-71.1%102.2%68.3%86.7%
OCF / EBITDA % (3 years)——89.1%37.9%48.3%61.0%21.8%41.4%42.3%85.3%
Debt / equity0.13—————————
Current ratio1.401.791.981.641.451.841.871.772.231.98
Net debt / EBITDA0.26—-0.48-0.82-0.56-0.85-0.56-0.71-0.50-0.22