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 ₹ 5,709 Cr.
  • Current Price ₹ 1,920
  • High / Low ₹ 2,956 / 1,120
  • Stock P/E 17.8
  • Book Value ₹ 304
  • Dividend Yield 0.52 %
  • ROCE 41.3 %
  • ROE 31.7 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 25.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.5%
  • Company has been maintaining a healthy dividend payout of 47.6%
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
530 517 556 567 622 622 607 586 663 595 604 590 606
Operating Profit 57 62 62 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 9 9 12 15 19 20 23 31 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 57 57 58 60 73 62 82 74 106 102 117 102 106
Tax % 27% 25% 25% 25% 26% 26% 24% 25% 24% 26% 24% 25% 26%
42 39 44 45 55 46 62 55 80 76 88 77 79
EPS in Rs 14.04 13.14 14.79 15.21 18.39 15.60 20.88 18.57 26.94 25.55 29.70 25.84 26.47
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
591 700 751 927 1,042 1,155 1,140 863 1,737 2,255 2,700 2,809 2,789
528 645 687 841 912 1,010 994 767 1,607 2,039 2,418 2,448 2,395
Operating Profit 63 55 65 87 130 145 145 96 129 216 282 361 395
OPM % 11% 8% 9% 9% 12% 13% 13% 11% 7% 10% 10% 13% 14%
5 5 5 19 4 16 21 24 21 29 45 93 90
Interest 8 8 9 12 8 2 0 1 1 1 2 2 2
Depreciation 22 24 31 44 50 44 41 40 44 41 46 53 54
Profit before tax 38 28 29 50 76 116 125 78 105 203 278 399 428
Tax % 33% 22% 9% -1% 27% 33% 31% 26% 25% 26% 25% 25%
27 24 28 33 61 88 95 52 67 149 208 300 320
EPS in Rs 8.93 8.17 9.60 11.89 20.51 29.62 31.87 17.64 22.44 50.19 70.07 100.76 107.56
Dividend Payout % 22% 25% 21% 11% 12% 8% 0% 0% 2% 16% 25% 102%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 17%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: 25%
3 Years: 64%
TTM: 31%
Stock Price CAGR
10 Years: 26%
5 Years: 57%
3 Years: 39%
1 Year: 50%
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 30%
Last Year: 32%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 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 118 136 157 241 300 379 469 359 425 567 752 1,000 897
96 106 126 121 59 0 0 11 12 12 25 24 23
122 145 149 179 207 232 246 247 530 480 606 598 650
Total Liabilities 342 392 438 547 572 616 721 622 973 1,066 1,389 1,628 1,576
151 181 229 243 204 179 194 186 179 156 221 219 214
CWIP 23 21 11 4 1 0 0 1 0 0 0 0 0
Investments 11 13 14 47 100 136 121 40 41 78 30 668 674
157 177 184 253 267 301 406 395 753 832 1,138 741 687
Total Assets 342 392 438 547 572 616 721 622 973 1,066 1,389 1,628 1,576

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
52 58 55 92 164 116 95 -64 148 192 -200 370
-34 -62 -59 -61 -84 -30 -42 73 -152 -62 191 -214
-11 -2 5 -43 -77 -70 -5 -1 -1 -9 -27 -54
Net Cash Flow 7 -7 1 -12 3 16 48 8 -6 120 -36 101

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 48 40 46 40 38 39 42 50 68 45 45 30
Inventory Days 41 46 41 47 37 40 48 67 36 27 34 34
Days Payable 77 78 72 71 84 85 90 129 121 84 87 84
Cash Conversion Cycle 13 8 15 16 -9 -6 1 -13 -17 -13 -8 -21
Working Capital Days 21 9 14 9 -5 -1 2 -3 -11 -9 48 -19
ROCE % 21% 14% 13% 24% 30% 28% 17% 25% 38% 40% 41%

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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