Sharda Motor Industries Ltd
Sharda Motor Industries Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #56 of 66 in Auto Components
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The short version
Focus on scaling up the lightweighting vertical through market share and customer gains in control arms, links, subframes, and torsion beams. Focus on scaling up the lightweighting vertical through market share and customer gains, particularly in control arms and links with new product additions via technology tie-ups (Donghee TLA).
From Sharda Motor Industries Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Focus on scaling up the lightweighting vertical through market share and customer gains in control arms, links, subframes, and torsion beams.
- Pursuing M&A opportunities in powertrain agnostic components to support localization and entry into high-growth markets.
- Export growth targeted in U.S., Europe, and Middle East markets, especially in CV emission components and related adjacencies like temperature-controlled tubes and heat shields.
- Anticipated increase in domestic emission adjacencies and growth driven by future emission norms (e.g., expected BS7 norms).
- New orders in lightweighting (US$14 million annual value, US$70 million lifetime) and global business vertical (US$4.8 million annual, US$24 million lifetime) to ramp-up between FY27-FY28.
- Expected gradual increase in revenues from these new verticals, with exports currently a small but growing part of total revenue.
2 more points from Sharda Motor Industries Ltd's call on revenue
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Profitability & Margins
See what Sharda Motor Industries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Current capex guidance is INR70-75 crores, excluding any further new order wins.
- Future capex will depend on new order wins; updates will be provided accordingly.
- Investment includes augmenting R&D, global business development, lightweighting vertical, and M&A teams.
- Focus on scaling up the lightweighting vertical with potential new facilities if significant orders are won.
- Manufacturing to leverage existing footprint close to customers; new facilities considered only if required.
- M&A opportunities are being actively explored in powertrain agnostic components for localization and exponential market entry.
2 more points from Sharda Motor Industries Ltd's call on capex
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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 Industries Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The order book is presented as projected annual business based on orders won.
- Typically, there is a ramp-up, peak, and ramp-down phase, so the indicated annual revenue is an average.
- New business wins for control arms and links will start contributing from Q3 and Q4 FY '26 and more significantly from Q1 FY '28.
- The company recently secured a large new order as announced in the earnings call.
- Export orders include a significant North American engine manufacturer order ramping up from Q4 FY '26, with a slight two-quarter delay expected.
2 more points from Sharda Motor Industries Ltd's call on order book
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Sharda Motor Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): 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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. Key concall takeaways from Carraro India Ltd's Q2 FY26 earnings call — and how it ranks against sector peers.
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Sharda Motor Industries Ltd Q2 FY26 results?
Focus on scaling up the lightweighting vertical through market share and customer gains in control arms, links, subframes, and torsion beams. Focus on scaling up the lightweighting vertical through market share and customer gains, particularly in control arms and links with new product additions via technology tie-ups (Donghee TLA).
What is Sharda Motor Industries Ltd share price analysis?
Sharda Motor Industries Ltd currently shows a neutral. The stock trades at a P/E of 15.2 with a market cap of ₹5,087 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sharda Motor Industries Ltd planning capital expenditure?
Current capex guidance is INR70-75 crores, excluding any further new order wins.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.