Sharda Motor Industries Ltd

Sharda Motor Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sharda Motor Industries Ltd

₹ 1,920 -1.21%
21 Nov - close price
shardamotor.com BSE: 535602 NSE: SHARDAMOTR
About

Sharda Motor Industries Ltd is primarily engaged in the manufacturing and assembly of Auto Components and White Goods Components.[1]

Key Points

Product Portfolio
The company's product portfolio includes exhaust systems, catalytic converters, suspension systems, sheet metal components, and plastic parts for the automotive industry. [1]

Website BSE NSE
  • Market Cap ₹ 5,718 Cr.
  • Current Price ₹ 1,920
  • High / Low ₹ 2,956 / 1,120
  • Stock P/E 18.1
  • Book Value ₹ 310
  • Dividend Yield 0.52 %
  • ROCE 39.3 %
  • ROE 30.0 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 26.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.5%
  • Debtor days have improved from 39.7 to 29.5 days.

Cons

  • Promoter holding has decreased over last 3 years: -8.89%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

Part of BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market BSE Allcap BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
587 579 618 628 698 686 688 654 763 689 703 685 711
526 517 554 567 622 622 607 586 663 595 604 590 606
Operating Profit 61 62 64 61 76 64 81 68 99 94 99 96 105
OPM % 10% 11% 10% 10% 11% 9% 12% 10% 13% 14% 14% 14% 15%
10 6 8 8 9 11 14 18 19 22 29 20 15
Interest 0 0 0 0 1 1 0 1 1 1 0 0 0
Depreciation 10 10 11 9 11 13 14 12 13 14 14 13 14
Profit before tax 61 57 60 60 73 62 81 74 105 102 114 102 106
Tax % 25% 25% 24% 25% 26% 26% 25% 26% 25% 26% 25% 25% 26%
46 43 46 45 54 46 61 55 79 75 86 76 79
EPS in Rs 15.37 14.38 15.52 15.04 18.19 15.50 20.37 18.53 26.57 25.25 28.83 25.67 26.55
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
898 821 875 927 1,042 1,155 1,140 863 1,737 2,255 2,700 2,809 2,789
812 747 783 827 912 1,010 995 767 1,607 2,027 2,418 2,448 2,394
Operating Profit 87 75 92 100 130 145 145 96 129 228 282 361 395
OPM % 10% 9% 10% 11% 12% 13% 13% 11% 7% 10% 10% 13% 14%
3 9 10 10 5 17 22 24 21 29 42 88 86
Interest 11 16 15 12 8 2 0 1 1 1 2 2 2
Depreciation 36 46 52 48 50 44 41 40 44 41 46 53 54
Profit before tax 44 22 34 50 77 117 126 78 105 215 275 395 424
Tax % 40% 32% -5% 32% 26% 33% 30% 26% 25% 25% 25% 25%
26 15 36 34 57 79 88 58 79 161 205 295 316
EPS in Rs 8.74 5.05 12.16 11.52 19.11 26.47 29.58 19.44 26.46 54.32 69.09 99.19 106.30
Dividend Payout % 23% 40% 16% 22% 13% 9% 0% 0% 2% 15% 25% 1%
Compounded Sales Growth
10 Years: 13%
5 Years: 20%
3 Years: 17%
TTM: 0%
Compounded Profit Growth
10 Years: 34%
5 Years: 27%
3 Years: 53%
TTM: 31%
Stock Price CAGR
10 Years: 26%
5 Years: 57%
3 Years: 39%
1 Year: 50%
Return on Equity
10 Years: 24%
5 Years: 26%
3 Years: 30%
Last Year: 30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 164 172 199 225 279 349 432 361 440 594 776 1,019 916
160 225 144 121 59 0 0 11 12 12 25 24 23
180 164 168 178 207 232 246 247 530 480 606 598 650
Total Liabilities 509 567 518 530 552 587 685 625 987 1,093 1,413 1,647 1,595
260 299 272 243 204 179 194 186 179 156 221 219 214
CWIP 11 7 8 4 1 0 0 1 0 0 0 0 0
Investments 1 1 2 31 80 106 85 42 55 104 54 687 693
237 260 237 252 267 301 406 395 753 832 1,138 741 687
Total Assets 509 567 518 530 552 587 685 625 987 1,093 1,413 1,647 1,595

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
43 49 100 93 164 116 95 -30 148 192 -200 370
-59 -64 -18 -62 -84 -30 -42 39 -152 -62 191 -215
19 45 -103 -43 -77 -70 -5 -1 -1 -9 -27 -54
Net Cash Flow 3 30 -21 -12 3 16 48 8 -6 120 -36 100

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 41 47 41 40 38 39 42 50 68 45 45 30
Inventory Days 48 44 51 47 37 40 48 67 36 27 34 34
Days Payable 75 66 71 71 84 85 90 129 121 84 87 84
Cash Conversion Cycle 13 25 22 16 -9 -6 1 -13 -17 -13 -8 -21
Working Capital Days 12 23 15 10 -5 -1 2 -3 -11 -9 48 -19
ROCE % 18% 10% 13% 19% 26% 33% 30% 17% 24% 39% 38% 39%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 73.20% 64.31% 64.31%
0.38% 0.53% 0.61% 0.58% 0.77% 1.11% 1.22% 1.64% 1.79% 1.55% 2.42% 2.38%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.24% 0.29% 0.30% 0.42% 9.32% 11.41%
0.12% 0.12% 0.12% 0.00% 0.00% 0.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26.30% 26.15% 26.08% 26.24% 26.03% 25.57% 25.34% 24.88% 24.72% 24.83% 23.94% 21.89%
No. of Shareholders 12,00312,23411,91814,30814,75015,04615,20317,95419,17420,81627,37533,960

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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