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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. CV emissions (44%), PV emissions (43%), Suspension (9%), Others (lightweighting, exports) (4%). Auto-component manufacturer across emissions, suspension/lightweighting, and export verticals; materials-heavy cost structure with capex at 2.7% of revenue.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,255 | 2,700 | 2,809 | 2,837 | 3,397 |
| EBITDA (ex other income) | 228 | 282 | 361 | 396 | 437 |
| margin % | 10.1 | 10.4 | 12.9 | 14.0 | 12.9 |
| Owners' profit | 149 | 208 | 300 | 315 | 345 |
| EPS, as reported (₹) | 50.19 | 70.07 | 100.77 | 109.71 | 60.17 |
| ROE % · ROCE % | 26.0 · 36.6 | 27.5 · 35.1 | 29.8 · 38.2 | 29.7 · 37.6 | 26.3 · 33.4 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 192 | (200) | 370 | 271 | 363 |
| Capex | (35) | (103) | (73) | (92) | (92) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 711 | 690 | 750 | 756 | 787 | 882 | 972 | 1,011 |
| Profit before tax | 106 | 100 | 109 | 129 | 103 | 106 | 117 | 114 |
| Net profit | 79 | 75 | 84 | 100 | 75 | 81 | 89 | 87 |
| EPS (₹) | 27.39 | 25.63 | 29.24 | 34.82 | 13.01 | 14.17 | 15.58 | 15.07 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · Submission of newspaper advertisement copies dated September 2, 2026 | compliance | minimal | — | — |
| 1 Sept 2026 · Sends FY26 Annual Report weblink to shareholders; 41st AGM on Sept 24 | compliance | minimal | — | — |
| 1 Sept 2026 · Sharda Motor FY26 BRSR: Rs 3,397 cr turnover, ESG progress detailed | compliance | minimal | — | — |
| 1 Sept 2026 · Record date Sep 18 for final dividend Rs 20 per share | corporate actions | high | — | — |
| 1 Sept 2026 · Sharda Motor Industries 41st AGM on Sep 24 with final dividend | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Annual Report FY 2025-26 filed; 41st AGM on September 24, 2026 | results | high | — | — |
| 25 Aug 2026 · Newspaper publication submitted to BSE and NSE | compliance | minimal | — | — |
| 18 Aug 2026 · Q1 FY27 Earnings Call: Revenue up 34% YoY, EBITDA up 5% | investor communications | medium | — | — |
| 11 Aug 2026 · Audio recording of Q1 FY27 earnings call shared | investor communications | medium | — | — |
| 11 Aug 2026 · Investor presentation for Q1 FY27 results with order pipeline updates | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| SCHAEFFLER INDIA LIMITED | 61,739 | 49.3 | 10.04 | — | 10.4 | 14.1 | — | 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 16.3 | 26.7 | 31 of 123 | 75% |
| P/B | 4.1 | 3.5 | 70 of 116 | 40% |
| ROCE | 33.1 | 12.6 | 5 of 125 | 97% |
| ROE | 26.3 | 11.6 | 7 of 119 | 95% |
| Debt / Equity | 0.0 | 0.3 | 3 of 119 | 83% |
| EBITDA margin | 12.9 | 12.2 | 53 of 118 | 56% |
| Revenue growth | 33.7 | 20.2 | 20 of 113 | 83% |
| Profit growth | (13.4) | 24.4 | 93 of 115 | 19% |
| Market cap | 5425 | 1542 | 39 of 125 | 69% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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