Sharda Motor Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,758 Cr
- P/E
- 14.20
- ROE
- 25.25%
- PEG
- 1.02
- Price to sales
- 1.29
- Debt to equity
- 0.04
- 52W high / low
- ₹1,174 / ₹708
- Sales growth (5Y)
- 14.36%
- EBITDA margin
- 11.58%
- Net profit margin
- 8.83%
- Promoter holding
- 64.31%
- Sales (last year)
- ₹3,652 Cr
Sharda Motor Industries Ltd is primarily engaged in the manufacturing and assembly of Auto Components and White Goods Components.[1]
Guidance scorecard · Q1 FY27 call
What Sharda Motor Industries Ltd's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ1 FY27 call
10–20%- 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…
- 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.
2 more points from Sharda Motor Industries Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Sharda Motor Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- 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.
2 more points from Sharda Motor Industries Ltd's call on capex
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FundraisingQ1 FY27 call
See what Sharda Motor Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- 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.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
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.
Peers
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹3,020 Cr | 47.8 | |
| 2 | 40%+ | Flat | ₹1,998 Cr | 63.5 | |
| 3 | 40%+ | Flat | ₹428 Cr | 17.5 | |
| 4 | 20–40% | Up 2%+ | ₹25,721 Cr | 73.8 | |
| 5 | 20–40% | Up 2%+ | ₹13,417 Cr | 40.5 | |
| 6 | 20–40% | Up 0–2% | ₹23,344 Cr | 37.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingFinancials of Sharda Motor Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Sharda Motor Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 688 | 654 | 763 | 689 | 703 | 685 | 711 | 690 | 750 | 756 | 787 | 882 | 972 |
| Expenses + | 607 | 586 | 663 | 595 | 604 | 590 | 606 | 595 | 649 | 658 | 686 | 775 | 859 |
| Operating Profit | 81 | 68 | 99 | 94 | 99 | 96 | 105 | 95 | 101 | 98 | 101 | 106 | 113 |
| OPM % | 12% | 10% | 13% | 14% | 14% | 14% | 15% | 14% | 13% | 13% | 13% | 12% | 12% |
| Other Income + | 14 | 18 | 19 | 22 | 29 | 20 | 15 | 21 | 27 | 45 | 18 | 18 | 23 |
| Interest | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 |
| Depreciation | 14 | 12 | 13 | 14 | 14 | 13 | 14 | 15 | 17 | 14 | 16 | 17 | 17 |
| Profit before tax | 81 | 74 | 105 | 102 | 114 | 102 | 106 | 100 | 109 | 129 | 103 | 106 | 117 |
| Tax % | 25% | 26% | 25% | 26% | 25% | 25% | 26% | 25% | 24% | 23% | 27% | 24% | 26% |
| Net Profit + | 61 | 55 | 79 | 75 | 86 | 76 | 79 | 75 | 83 | 99 | 75 | 80 | 87 |
| EPS in Rs | 10.18 | 9.26 | 13.28 | 12.62 | 14.41 | 13.30 | 13.75 | 13.02 | 14.38 | 17.26 | 13.13 | 13.96 | 15.14 |
Financials of Sharda Motor Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 875 | 927 | 1,042 | 1,155 | 1,140 | 863 | 1,737 | 2,255 | 2,700 | 2,809 | 2,837 | 3,397 |
| Expenses + | 783 | 827 | 912 | 1,010 | 995 | 767 | 1,607 | 2,027 | 2,418 | 2,448 | 2,440 | 2,978 |
| Operating Profit | 92 | 100 | 130 | 145 | 145 | 96 | 129 | 228 | 282 | 361 | 396 | 419 |
| OPM % | 10% | 11% | 12% | 13% | 13% | 11% | 7% | 10% | 10% | 13% | 14% | 12% |
| Other Income + | 10 | 10 | 5 | 17 | 22 | 24 | 21 | 29 | 42 | 88 | 83 | 104 |
| Interest | 15 | 12 | 8 | 2 | 0 | 1 | 1 | 1 | 2 | 2 | 4 | 4 |
| Depreciation | 52 | 48 | 50 | 44 | 41 | 40 | 44 | 41 | 46 | 53 | 58 | 63 |
| Profit before tax | 34 | 50 | 77 | 117 | 126 | 78 | 105 | 215 | 275 | 395 | 418 | 455 |
| Tax % | -5% | 32% | 26% | 33% | 30% | 26% | 25% | 25% | 25% | 25% | 25% | 25% |
| Net Profit + | 36 | 34 | 57 | 79 | 88 | 58 | 79 | 161 | 205 | 295 | 312 | 342 |
| EPS in Rs | 6.07 | 5.75 | 9.54 | 13.21 | 14.77 | 9.71 | 13.21 | 27.14 | 34.53 | 49.56 | 54.44 | 59.50 |
| Dividend Payout % | 16% | 22% | 13% | 9% | 0% | 0% | 2% | 15% | 25% | 10% | 30% | 0% |
Financials of Sharda Motor Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 11 |
| Reserves | 199 | 225 | 279 | 349 | 432 | 361 | 440 | 594 | 776 | 1,019 | 1,073 | 1,314 |
| Borrowings + | 144 | 121 | 59 | 0 | 0 | 11 | 12 | 12 | 25 | 24 | 52 | 49 |
| Other Liabilities + | 168 | 178 | 207 | 232 | 246 | 247 | 530 | 480 | 606 | 598 | 643 | 853 |
| Total Liabilities | 518 | 530 | 552 | 587 | 685 | 625 | 987 | 1,093 | 1,413 | 1,647 | 1,774 | 2,228 |
| Fixed Assets + | 272 | 243 | 204 | 179 | 194 | 186 | 179 | 156 | 221 | 219 | 251 | 283 |
| CWIP | 8 | 4 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 8 | 0 |
| Investments | 2 | 31 | 80 | 106 | 85 | 42 | 55 | 104 | 54 | 687 | 757 | 1,149 |
| Other Assets + | 237 | 252 | 267 | 301 | 406 | 395 | 753 | 832 | 1,138 | 741 | 757 | 796 |
| Total Assets | 518 | 530 | 552 | 587 | 685 | 625 | 987 | 1,093 | 1,413 | 1,647 | 1,774 | 2,228 |
Financials of Sharda Motor Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 100 | 93 | 164 | 116 | 95 | -30 | 148 | 192 | -200 | 370 | 271 | 363 |
| Cash from Investing Activity + | -18 | -62 | -84 | -30 | -42 | 39 | -152 | -62 | 191 | -214 | -68 | -370 |
| Cash from Financing Activity + | -103 | -43 | -77 | -70 | -5 | -1 | -1 | -9 | -27 | -54 | -262 | -100 |
| Net Cash Flow | -21 | -12 | 3 | 16 | 48 | 8 | -6 | 120 | -36 | 101 | -60 | -107 |
| Free Cash Flow | 80 | 90 | 150 | 98 | 37 | -44 | 124 | 178 | -289 | 340 | 211 | 324 |
| CFO/OP | 118% | 104% | 141% | 107% | 93% | -10% | 140% | 109% | -45% | 130% | 94% | 114% |
Financials of Sharda Motor Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 41 | 40 | 38 | 39 | 42 | 50 | 68 | 45 | 45 | 30 | 37 | 39 |
| Inventory Days | 51 | 47 | 37 | 40 | 48 | 67 | 36 | 27 | 34 | 34 | 36 | 40 |
| Days Payable | 71 | 71 | 84 | 85 | 90 | 129 | 121 | 84 | 87 | 84 | 94 | 109 |
| Cash Conversion Cycle | 22 | 16 | -9 | -6 | 1 | -13 | -17 | -13 | -8 | -21 | -22 | -30 |
| Working Capital Days | -26 | -24 | -15 | -1 | 2 | -4 | -11 | -9 | 48 | -19 | -16 | 78 |
| ROCE % | 13% | 19% | 26% | 33% | 30% | 17% | 24% | 39% | 38% | 39% | 35% | 35% |
Guidance history
How Sharda Motor Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
22 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −20.3% | 36% |
| Last 6 months | −4.0% | 47% |
| Last 3 months | −3.1% | 58% |
The price is 38.9% below its all-time high of ₹1,356.08 (23 Aug 2024). Stocks more than 20% below their peak have their score halved, so 45 became 22.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Sharda Motor Industries Ltd: 0.4 × 36 + 0.4 × 47 + 0.2 × 58 = 45, halved to 22 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Sharda Motor Industries Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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