Sharda Motor Industries Ltd.

SHARDAMOTR

₹1833.55

2.36% (42.2)

Market Cap

₹5,142 Cr.

P/E

16.10

About

Sharda Motor Industries (SMIL), founded in 1986, has scaled to numerous highs in the automotive industry. The company offers an eclectic range of products and services commencing from emission systems… Read more

Sharda Motor Industries (SMIL), founded in 1986, has scaled to numerous highs in the automotiv… Read more

Low

1250

52W Range

High

2956

Timeline

Key company specific updates

Company Timeline

Custom financial statementNew

Edit rows

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Balance sheet
Net Block	243	204	179	194	186	179	156	221	219	195
Shareholders Funds	247	306	385	475	365	431	573	758	1,006	903
Profit & Loss
Operating Profit	96.41	130	145	145	95.88	129	228	282	357	—
Net Sales	927	1,042	1,155	1,140	863	1,737	2,255	2,700	2,809	—
Cash flow
Cash from Operating Activity	91.94	164	116	94.55	-63.69	148	192	-200	370	325
Net Capex (est)	3.42	14.66	18.15	57.28	13.48	24.01	13.71	88.49	29.39	42.04
Ratios
ROCE (%)	20.64	25.55	25.02	21.26	15.63	17.70	27.72	27.57	31.59	—
ROE (%)	14.31	19.93	22.88	19.93	14.34	15.38	26.05	27.49	29.78	—

Forensics

12 Yes

Positive for this company

2 Neutral

Neutral for this company

3 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Pledge

Promoters have not pledged a significant portion of their holding
Retail Holding

Retail has been selling the stock which is usually a good time to buy
Revenue Recognition

Company is converting accounting profit to cash
Promoter Holding

Promoter has not sold any shares in the last 90 days
Other Income

Other income component is making ratios of the company look optically better

Price & Performance

Capex vs ROCE

Roce of the company has increased over the last three years
ROE

Net profit margin is responsible for roe increase over last 10 years
Share price

Share price has increased over last 10 years due to earnings
Working Capital

Working capital of the company seems to be under control
Debt

Company should not have issues servicing its debt
Sales Growth

Sales of the company has grown at a good pace
ROCE Strength

Roce of the company is consistently strong
Balance Sheet Strength

Balance sheet of the company is strong. but it might have issues paying it suppliers
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
Margin Stability

Margins of the company are volatile

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Operational Metrics

Annual production- Exhaust system (Mn Units)

Sharda Motor Industries Ltd.

Annual production- Exhaust system (Mn Units)
Source
Annual production- Suspension system (Mn Units)
Source
R&D as a % of Total Sales (%)
Source

Peer Comparison

Peer Name	Latest Price	PE	Market cap(Cr)	Prom Holding(%)	YoY Qtly Sales(%)	ROCE (%)	ROE (%)
Sharda Motor Inds.	1,845.8	16.47	5,260	64.31	0.13	31.59	29.78
Jamna Auto Inds.	91.72	19.47	3,598	49.94	-6.88	31.01	22.74
Frontier Springs	2,485	35.21	988	51.76	76.44	19.27	17.04
Munjal Showa	123.95	18.03	501	65.02	5.2	5.59	4.63
Auto.Axle	1,723.2	16.87	2,593	71.04	-1.96	25.22	18.97
GNA Axles	340.2	13.61	1,458	68.83	1.75	17.68	12.47
Talbros Engineering	624.5	16.18	312	72.59	5.98	17.03	13.16

Corporate Actions

Consolidated DividendSplit

DATE

DETAILS

2024, Sep 19

Dividend Dividend of Rs.9.92 per share

2023, Sep 18

Dividend Dividend of Rs.17.27 per share

2022, Sep 12

Dividend Dividend of Rs.8.15 per share

2021, Aug 18

Dividend Dividend of Rs.2.63 per share

2021, Apr 16

Split 2 shares held will now become 10. New number of shares should be credited and listed within 1 day after the ex-date.

Suppliers

Mayur Uniquoters Ltd.
Affordable Robotic & Automation Ltd.
Sintercom India Ltd.

Customers

Ashok Leyland Ltd.
Cummins India Ltd.
Escorts Kubota Ltd.
Force Motors Ltd.
Mahindra & Mahindra Ltd.
Maruti Suzuki India Ltd.
SML Isuzu Ltd.
Tata Motors Ltd.
Carrier Midea
Hyundai
Magna
Man Industries (India) Ltd.
Nissan
Tafe

Showing 5 of 14

FAQs on Sharda Motor Industries Ltd. Business

What does Sharda Motor Inds. do?

Sharda Motor Industries (SMIL), established in 1986, is a leading company in the automotive industry, providing a wide range of products and services including emission systems, suspension systems, seating frames, and supply chain solutions.

Who are the competitors of Sharda Motor Inds.?

Sharda Motor Inds. major competitors are Jamna Auto Inds., Frontier Springs, Munjal Showa, Auto.Axle, GNA Axles, Talbros Engineering.
Market Cap of Sharda Motor Inds. is ₹5,142 Crs.
While the median market cap of its peers are ₹1,202 Crs.

Is Sharda Motor Inds. financially stable compared to its competitors?

Sharda Motor Inds. seems to be financially stable compared to its competitors.
The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.

View FAQ's On Shareprice

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Company Filing

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Earnings Release
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Conference Call		Mar Jun Sep Dec	Jun Sep Dec	Mar Jun Sep Dec	Jun Sep Dec
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Discussions & Analysis

Sharda Motor Industries Ltd.

Analysis: Sharda Motor Industries Ltd - Dr Vijay Malik

View the discussion on ValuePickr

Deep Dive Into Sharda Motors - Congruence Advisers

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Sharda Motor Industries Ltd.