Minerva Capital Research Solutions

Sharda Motor Industries

NSE: SHARDAMOTRBSE: 535602
Compare with peers
₹ 820.20▲ 11.5 (+1.42%)28 Oct, 03:28 pm IST
Market cap
₹ 4,658 Cr.
P/E
14.1x
P/B
3.65x
52-week range
700 – 1,189.9
ROE
28%
ROCE
36%
Dividend yield
2.4%
Debt / equity
0.04
Sector
Auto Components
Industry
Auto Components & Equipments
Listed on
NSE, BSE

About

Sharda Motor Industries Limited is an India-based company primarily engaged in the manufacturing and assembly of auto components. The Company's production range includes exhaust systems, catalytic convertors, suspension systems, and sheet metal components for the automotive industry. The Company's principal products/services include exhaust systems, suspension systems, and SCM and procurement. Its products under exhaust systems include Passenger Vehicle-BS IV System, Commercial Vehicle-BS IV System, Commercial Vehicle-BS VI System, Tractors-Tier IV System, Passenger Vehicle-Cold End System, Passenger Vehicle-Resonator, Commercial Vehicle-Muffler, and others. Its products under suspension systems include Arm Lower Control Comp RH 2WD, Front Axle Assy 4WD, Assy Lower Link Complete RH, Rear Suspension, Front Suspension, Upper Arm Assay, and others. The Company serves as a vendor for automobiles and electronics original equipment manufacturers (OEMs).

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Auto Components & Equipments: 155 companies →

Sharda Motor Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)14.1 against a typical 27.4: cheaper than most peers (1st = cheapest).30th of 153
  • Sales growth+33.7% against a typical +20.7% from a year earlier.38th of 142
  • Profit growth−13% against a typical +15.3% from a year earlier.101st of 127
  • Share price, 3 months−2.8% against a typical −4.4%.67th of 142
  • Size₹ 4,658.3 Cr. market value against a typical ₹ 728 Cr. (1st = largest).34th of 138

Latest announcements

Exchange filings and their impact on the company.

  • 15 Oct 2026Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvalsLow impactPositivePrice +0.2% on 16 Oct
    Haridwar plant gets factory licence, clearing path to commissioning and modest capacity-led growth.

    Sharda Motor Industries has received the factory licence for its new plant at Haridwar from the Uttarakhand Labour Department on October 14, 2026. The licence follows the company's February 2026 intimation about the new plant and clears a key regulatory step for commissioning. It supports capacity expansion for the auto-components business, with revenue contribution expected to ramp up over the next year.

    Filing

Board meetings

Results dates and other board meetings. Full calendar

Details
10 Aug 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
21 May 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
6 Feb 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
11 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
8 Aug 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025
24 May 2025Financial Results/Dividend/BonusTo consider and approve the financial results for the period ended March 31, 2025, dividend and bonus

Share price

1Y change −21.8%
0 of 1 filing day came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.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

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
14%
5 Years
14%
3 Years
8%
TTM
26%
Compounded Profit Growth
10 Years
27%
5 Years
39%
3 Years
18%
TTM
4%
Stock Price CAGR
10 Years
23%
5 Years
23%
3 Years
29%
TTM
—
Return on Equity
10 Years
26%
5 Years
29%
3 Years
29%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
64.31%
0 pts in a year
FIIs
1.73%
−0.53 pts in a year
DIIs
11.99%
+0.47 pts in a year
Public
21.97%
+0.06 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 14.1xEPS (12 months) ₹ 58.39Median P/E 16.7x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Sharda Motor Industries₹ 820.20₹ 4,658 Cr.14.1x3.7x28%—
ABB India₹ 6,140.00₹ 1,29,936 Cr.95.2x20.3x—11.6%
Hitachi Energy India₹ 26,250.00₹ 1,17,002 Cr.139x27.6x21%12.1%
CG Power and Industrial Solutions₹ 814.95₹ 1,24,592 Cr.114.8x17.9x20.4%9.6%
Polycab India₹ 7,415.00₹ 1,11,738 Cr.50x11.1x25.4%9.3%
Siemens₹ 3,250.00₹ 1,15,739 Cr.—9.4x11.7%8.5%

Management

Aashim Relan
Chief Executive Officer
Ghan Shyam Dass
Chief Financial Officer
Viekas K. Khokha
Chief Human Resources Officer, Senior Vice President
Paramjeet Singh
Senior Vice President - Sales and Business Development
Dnyaneshwar Pramod Dandekar
Senior Vice President - Research & Development
Iti Goyal
Assistant Company Secretary, Compliance Officer
Ajay Relan
Managing Director, Executive Director
Ashwani Maheshwari
Deputy Managing Director

Prices are delayed and for information only. Nothing on this page is investment advice.