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Companies›Consumer Discretionary›Automobile and Auto Components›Auto Components
NSE:SHARDAMOTR

SHARDA MOTOR INDS LTD

Automobile and Auto Components › Auto Components
₹823.15
at close · 28 Oct 2026
▲ 11.00 (+1.35%)

Latest filings

  1. Final dividend FY 2025-26 withheld for shareholders with incomplete KYC details · Corporate Actions
  2. New Haridwar plant gets factory license · Capex & Operations
  3. RTA compliance certificate for quarter ended September 2026 · Compliance
All filings ↓
Ask Nexa about SHARDA MOTOR INDS LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures automotive components for passenger and commercial vehicles — primarily exhaust and emissions systems, suspension parts, and lightweighting components. FY26 revenue of ₹3,396.8 crore split 52% passenger vehicles, 44% commercial vehicles, and 4% other by end-market. On a product basis the mix was CV emissions 44%, PV emissions 43%, and suspension 9%. The emission business carries roughly 30% market share and the lightweighting vertical grew to ~14% market share in FY26 (from 12.5%), contributing ~10% of gross sales. New export wins include a top-3 global agricultural equipment OEM order worth USD 2 million annually (USD 10 million lifetime), with start of production scheduled for Q1 FY28. Materials make up 74.9% of revenue, the dominant cost. Capacity is being added at the Uttarakhand facility and the Chakan 3 lightweighting plant, with FY27 capex guided at ₹90–110 crore.

Revenue mix · reported segments
CV emissions44.0%
PV emissions43.0%
Suspension9.0%
Others (lightweighting, exports)4.0%
Operating scale
Lightweighting market share
~14% in FY26 (up from 12.5%)FY26
Emission business market share
~30%FY26
Lightweighting share of gross sales
~10%FY26
FY27 capex guidance
₹90–110 croreFY27
New export order — global agri equipment OEM
USD 2 million annual, USD 10 million lifetime; SOP Q1 FY28Q1 FY28
Expected content-per-vehicle uplift
₹4,000–10,000 per vehicle from portfolio expansionFY27 onwards
Who pays it
Indian passenger vehicle and commercial vehicle OEMs (52% PV, 44% CV of FY26 revenue), with export programs including a top-3 global agricultural equipment OEM and a North American engine/genset customer.
Biggest cost
Raw materials and bought-out components at 74.9% of revenue (FY26).
Kind of business
Auto-component manufacturer across emissions, suspension/lightweighting, and export verticals; materials-heavy cost structure with capex at 2.7% of revenue.
Where it sits
Emission business at ~30% market share; lightweighting at ~14% market share in FY26, both serving Indian automotive OEMs.
Market Cap
₹4,726 Cr
P / E (TTM)
14.2×
EV / EBITDA
9.1×
Div Yield
1.97%
Growth
14.4%▲
Revenue 5y CAGR
PAT +39.0% · EBITDA +28.3%
Quality
36.6%▲
ROCE (5y median)
ROE 27.5% (5y median) · margin 15.4%
Leverage
0.00·
Debt / Equity · low
Net cash ₹92 Cr
Revenue FY21→FY26
2.0×▲
Margin +6.3 pts
₹1,737 Cr → ₹3,397 Cr
Cash conversion
0.75×·
Operating cash ÷ profit · 5 yrs
₹994 Cr on ₹1,317 Cr
Moves on a normal day
1.31%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 126 Auto Components & Equipments peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#25/119
P/B#62/117
ROCE#5/125
ROE#7/117
Debt / Equity#1/117
EBITDA margin#53/118
Revenue growth#20/113
Profit growth#93/115

Scorecard

Measured from the filed financials, judged against its Auto Components & Equipments peers · as of FY26 — not investment advice

Strengths
Revenue compounding 14% a year over 5 years
Profit compounding 39% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 36.6% (5-year median)
#5 of 125 in Auto Components & Equipments on the latest reported figures · up from 23.8% in FY21
No borrowings on the balance sheet
lower than 85% of its 117 Auto Components & Equipments peers
Negative working-capital cycle — the business is funded by its suppliers
Pays out 27% of profit as dividend
Concerns
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

SHARDAMOTR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SHARDA MOTOR INDS LTD's filed financials and exchange disclosures

What does SHARDA MOTOR INDS LTD do?

SHARDA MOTOR INDS LTD is a Auto Components company listed on NSE and BSE, trading under the symbol SHARDAMOTR.

Is SHARDA MOTOR INDS LTD profitable?

Yes. Over the trailing twelve months SHARDA MOTOR INDS LTD reported a net profit of ₹332 Cr on revenue of ₹3,652 Cr.

Does SHARDA MOTOR INDS LTD pay a dividend?

Yes. The dividend yield is 1.97% at the current price. It paid out 27% of its profit as dividend in FY26.

Is SHARDA MOTOR INDS LTD debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹92 Cr of cash.

Is SHARDA MOTOR INDS LTD expensive compared with its peers?

On trailing P/E, SHARDA MOTOR INDS LTD ranks 25 of 119 in Auto Components & Equipments — cheaper than 80% of them, against an industry median of 25.3×. This is a position, not a valuation judgement.

How much does the SHARDA MOTOR INDS LTD share price move in a day?

On a typical session SHARDA MOTOR INDS LTD moves 1.31% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SHARDA MOTOR INDS LTD's announcements?

Every NSE and BSE filing by SHARDA MOTOR INDS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.