Sharda Motor
Sharda Motor Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 4 strong
Not discussed on this call: fundraise.
The short version
FY27 growth contributors include full-year benefits from previously announced lightweighting orders, ramp-up of additional lightweighting programs, temperature-controlled tube adjacencies, SOPs of North American export orders, and supportive domestic OEM volumes. - SOPs and ramp-ups are aligned with customer schedules and expected to progress steadily. - Export orders forecast: current $23.7 million starting SOP in Q3/Q4 FY26; additional $11.85 million orders from Q3/Q4 FY27, collectively translating to approx. FY27 growth drivers include: full-year benefits from previously announced lightweighting orders, ramp-up of additional lightweighting programs, temperature-controlled tube adjacencies, SOPs of North American export orders, and supportive domestic OEM volume outlook.
From Sharda Motor's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- FY27 growth contributors include full-year benefits from previously announced lightweighting orders, ramp-up of additional lightweighting programs, temperature-controlled tube adjacencies, SOPs of North American export orders, and supportive domestic OEM volumes.
- SOPs and ramp-ups are aligned with customer schedules and expected to progress steadily.
- Export orders forecast: current $23.7 million starting SOP in Q3/Q4 FY26; additional $11.85 million orders from Q3/Q4 FY27, collectively translating to approx. INR300-350 crores; phased revenue contribution expected over FY27 and FY28.
- Internal assessment estimates lightweighting portfolio to reach INR8,000-9,000 crores within 5 years with a mid- to high-teen market share.
- Growth factors include conversion of RFQs to orders, organic industry growth, and diversification into emission and lightweighting products.
- CAFE III and evolving emission norms provide additional content and market opportunities supporting sales growth.
Profitability & Margins
See what Sharda Motor said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Investment remains modular and closely linked to confirmed programs and customer requirements.
- Chakan 3 lightweighting facility has commenced SOP and is ramping up as per customer schedules.
- New Uttarakhand facility progressing in line with customer implementation plans, involving ~INR 20 crores investment.
- Uttarakhand facility aims to support relocation and co-location of existing business and future expansion in North India for emission and lightweighting products.
- The company has strengthened strategy, M&A, business development, and integration capabilities for acquisitions.
- Ready to pursue strategic acquisitions meeting filters of strategic fit, customer and technology relevance, valuation, integration feasibility, and ROCE.
- Capital deployment will balance organic growth, technology partnerships, acquisitions, and shareholder returns.
Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Sharda Motor said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The order book includes multiple SOPs (Start of Production) with a North American engine and genset manufacturer:
- - Annual value approx. US$10.7 million
- - Lifetime value approx. US$58.5 million
- - SOPs expected in Q3 FY27 and Q4 FY27
- Export orders announced:
- - SOP of $23.7 million starting Q3 or Q4 FY26
- - Additional $11.85 million order starting Q3 or Q4 FY27
- - Combined INR 300-350 crores expected top line from these orders
- Pipeline for emission components covers domestic and export markets including CV, agri, genset exhaust, temperature-controlled tubes, and small tractor systems.
- Order ramp-up pace depends on customer schedules; typical ramp-up can take 1-2 years to reach peak volumes.
- The company expects growth from conversion of RFQs, existing orders, and organic market growth.
Sharda Motor — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹972 Cr, net profit ₹87 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Sharda Motor Industries Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Sharda Motor Q1 FY27 results?
FY27 growth contributors include full-year benefits from previously announced lightweighting orders, ramp-up of additional lightweighting programs, temperature-controlled tube adjacencies, SOPs of North American export orders, and supportive domestic OEM volumes. - SOPs and ramp-ups are aligned with customer schedules and expected to progress steadily. - Export orders forecast: current $23.7 million starting SOP in Q3/Q4 FY26; additional $11.85 million orders from Q3/Q4 FY27, collectively translating to approx. FY27 growth drivers include: full-year benefits from previously announced lightweighting orders, ramp-up of additional lightweighting programs, temperature-controlled tube adjacencies, SOPs of North American export orders, and supportive domestic OEM volume outlook.
What is Sharda Motor share price analysis?
Sharda Motor currently shows a below-average growth signal. The stock trades at a P/E of 15.6 with a market cap of ₹5,242 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sharda Motor planning capital expenditure?
Investment remains modular and closely linked to confirmed programs and customer requirements.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.