NSE: SHARDAMOTR · BSE: 535602 · ISIN INE597I01028
Sharda Motor Industries Limited stock analysis
Sharda Motor Industries Limited ranks #362 in the TickerSutra evidence-ranked universe with a score of 66/100 and 95% data confidence. The latest captured fundamentals show ROCE of 34.5%, quarterly sales growth of 33.7% and quarterly profit growth of 4.6%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 34.5%
- Low debt/equity of 0.04×
- Strong CFO/EBITDA of 0.87×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹2,255cr | ₹216cr | ₹149cr | 10.0% |
| 2023 | ₹2,700cr | ₹282cr | ₹208cr | 10.0% |
| 2024 | ₹2,809cr | ₹361cr | ₹300cr | 13.0% |
| 2025 | ₹2,837cr | ₹396cr | ₹315cr | 14.0% |
| 2026 | ₹3,397cr | ₹419cr | ₹345cr | 12.0% |
| TTM | ₹3,652cr | ₹423cr | ₹332cr | 12.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
RoutineTrading WindowNSE · 29 Sept 2026 · Structured filingSharda Motor Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Sharda Motor Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Open original XBRL sourceSharda Motor Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2026. Further, the company has informed the Exchange regarding voting results.
RoutineSharda Motor Industries Ltd - 535602 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 25 Sept 2026Voting Results and Scrutinizer''s Report for the 41st AGM of the Company
MANAGEMENT COMMENTARY
Signals from filed documents
Key risks are regularly identified, evaluated and monitored, with mitigation actions reviewed by management, the Risk Management Committee and the Board of Directors. Some of the major risks identified by the Risk Management Committee of the Company are set out below: Risks Analysis Approach to mitigate the risk Customer Concentration Dependence on a limited number of large customers may affect volume stability and c
The Company promotes water conservation through efficient water use, recycling and reuse initiatives, monitoring of water consumption and continuous improvement in water management practices. Negative: Water shortages and regulatory restrictions may increase operating costs and disrupt production. Positive: Improved water efficiency reduces costs, enhances resource security and strengthens long-term operational resil
Technological Absorption : (i) Eff orts made towards innovation, technology development, absorption and adaptation; Technology absorption at Sharda Motor Industries Limited (SMIL) reflects the company’s ability to acquire, develop, adapt and commercialize advanced technologies across its automotive product and manufacturing portfolio. The company follows a combination of in-house research and development, strategic c
The focus is to convert India’s manufacturing competitiveness into long- term global sourcing relationships. We secured export orders from various customers including the largest engine and genset manufacturer in North America & Top 3 global agricultural equipment manufactures. We also received a strategic first pilot order from a large US-based heavy industry emission company, giving us entry into another US CV OEM.
Short particulars of the property or asset(s) [including complete address and location of the property] Pin code of the property or asset(s) Date of creation Amount of CSR amount spent Details of entity/ Authority/ beneficiary of the registered owner CSR Registration Number, if applicable Name Registered address - - - - - - - - 9. Specify the reason(s), if the company has failed to spend two per cent of the average n
A NO PE Certificate/Declaration vi. In case of Foreign Institutional Investors (FII)/ Foreign Portfolio Investors (FPI), tax will be deducted under Section 393 of the IT Act at the rate of 20% or the rate provided in relevant DTAA, read with MLI, whichever is more beneficial, subject to the submission of the above documents, if applicable. In case of Foreign Institutional Investors (FII) and Foreign Portfolio Investo
Sharda Motor Industries Limited August 11, 2026 Page 10 of 16 GD Takkar: So, one is the substrate impact, which we have already mention back & back. So therefore, there won't be any impact of the movement in the steel prices at gross profit level because gross profit is net of raw material cost. And therefore, gross profit growth will be same irrespective of this.
Source: IBEF Auto Components Industry Competitive Advantage: India’s expanding localisation ecosystem, engineering capabilities and scalable manufacturing base continue to improve its competitiveness in global automotive sourcing. India’s large engineering and manufacturing talent pool supports complex product development, localisation of global designs and rapid industrialisation. The country’s significant domestic
Preet: For substrate, the raw material, which is very volatile, we get it on a live basis, right? Like this quarter, if there is a price increase on the substrate. So, let me just clarify, Preet, on this substrate prices.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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