Sharda Motor Industries Ltd
Sharda Motor Industries Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Expectation to reach high capacity utilization by FY '27, especially for new facilities supporting incremental volumes and customer proximity. The company expects growth from new verticals like lightweighting and global business with significant orders announced, contributing from FY 2027 onwards.
From Sharda Motor Industries Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Expectation to reach high capacity utilization by FY '27, especially for new facilities supporting incremental volumes and customer proximity.
- Lightweighting vertical showing strong momentum with multiple orders; content per vehicle projected to increase from INR 2,000-8,000 to INR 6,000-18,000 over time.
- Suspension business growing well with market share expected to increase from 12.5% in FY '25 to around 20% by end of the year; strong order pipeline for FY '27 and FY '28.
- Export orders growing with new orders worth USD 3.7 million annually and lifetime USD 18.5 million; SOPs starting from Q3-Q4 FY '27; healthy RFQ pipeline supported by export-focused team.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Sharda Motor Industries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- No new capex initiated for TREM5 regulation due to delay/uncertainty in implementation.
- Preparatory work so far supports indirect export opportunities, especially for tractor exports from India.
- Planning for high-capacity utilization of new facilities during FY '27 to meet incremental volumes and improve customer proximity.
- Focus on lightweighting and increasing content per vehicle, targeting China and Korea markets.
- Continual evaluation of acquisition opportunities with discipline on valuation and ticket size; timing dependent on available opportunities.
2 more points management made on capital expenditure plans
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
- Lightweighting vertical has strong momentum with multiple order wins in the last 2 years.
- Recent orders include:
- Two orders for control arms and links from leading PV OEMs valued at USD5 million with a lifetime value of USD25 million; one SOP happened in Q3 FY '26, another in Q4 FY '26.
- Two significant orders announced in Q2 for control arm and links valued at approximately USD14 million with a lifetime value of ~USD70 million; SOP scheduled in Q1 FY '28.
- Export orders announced with an aggregate value of USD3.7 million and lifetime value of USD18.5 million; SOPs starting Q3 and Q4 FY '27.
- Previous export order valued at USD7 million with a lifetime value of USD40 million; SOP expected from Q2 FY '27.
2 more points management made on order book & pipeline
Sharda Motor Industries Ltd — 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's management said in earlier quarters
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Frequently Asked Questions
What were Sharda Motor Industries Ltd Q3 FY26 results?
Expectation to reach high capacity utilization by FY '27, especially for new facilities supporting incremental volumes and customer proximity. The company expects growth from new verticals like lightweighting and global business with significant orders announced, contributing from FY 2027 onwards.
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 15.6 with a market cap of ₹5,174 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sharda Motor Industries Ltd planning capital expenditure?
No new capex initiated for TREM5 regulation due to delay/uncertainty in implementation.
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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.