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Sharda Ispat (BSE 513548)₹148.75−1.49%Iron & Steel Products
In the Mar 2026 quarter (standalone), Sharda Ispat reported sales of ₹66.93 Cr, up 64.2% from Mar 2025, and net profit of ₹4.36 Cr, up 331.7% year on year. For the year to Mar 2026, sales were ₹168 Cr and net profit ₹6.01 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 59.86 | 56.05 | 58.09 | 52.47 | 47.58 | 32.32 | 54.16 | 40.76 | 27.73 | 26.10 | 47.38 | 66.93 |
| Expenses | 56.67 | 50.10 | 53.64 | 47.84 | 43.86 | 31.96 | 50.83 | 39.58 | 27.64 | 26.10 | 45.82 | 61.39 |
| Operating Profit | 3.48 | 6.15 | 4.79 | 4.87 | 3.95 | 0.53 | 3.63 | 1.35 | 0.22 | 0.13 | 1.81 | 5.87 |
| OPM % | 5.8% | 10.9% | 8.1% | 9.2% | 8.2% | 1.6% | 6.7% | 3.3% | 0.8% | 0.5% | 3.8% | 8.7% |
| Other Income | 0.22 | 0.41 | 0.55 | 0.62 | 0.61 | 0.64 | 1.19 | 0.72 | 1.02 | 1.02 | 0.99 | 0.79 |
| Interest | 0.36 | 0.31 | 0.39 | 0.36 | 0.33 | 0.36 | 0.40 | 0.45 | 0.65 | 0.70 | 0.66 | 0.54 |
| Depreciation | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.17 | 0.19 | 0.25 | 0.21 |
| Profit before tax | 3.13 | 6.04 | 4.73 | 4.92 | 4.02 | 0.60 | 4.21 | 1.41 | 0.41 | 0.25 | 1.88 | 5.90 |
| Tax % | 26.0% | 34.7% | 24.8% | 14.9% | 26.0% | 15.3% | 25.5% | 28.6% | 27.5% | 45.9% | 23.0% | 26.2% |
| Net Profit | 2.32 | 3.94 | 3.55 | 4.19 | 2.97 | 0.50 | 3.14 | 1.01 | 0.29 | 0.14 | 1.45 | 4.36 |
| EPS (Rs) | 4.56 | 7.75 | 6.98 | 8.24 | 5.84 | 0.98 | 6.18 | 1.98 | 0.56 | 0.27 | 2.85 | 8.58 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 58.80 | 55.84 | 84.71 | 113 | 90.70 | 93.64 | 118 | 141 | 223 | 172 | 168 | 168 |
| Expenses | 57.09 | 51.05 | 79.12 | 104 | 86.07 | 89.07 | 113 | 136 | 204 | 163 | 161 | 161 |
| Operating Profit | 3.01 | 5.02 | 7.02 | 9.02 | 6.01 | 5.01 | 5.01 | 6.01 | 19.05 | 9.03 | 8.02 | 8.03 |
| OPM % | 4.8% | 8.0% | 8.0% | 8.0% | 6.0% | 5.0% | 4.3% | 4.2% | 9.0% | 5.0% | 4.7% | 4.8% |
| Other Income | 1.01 | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 2.01 | 3.01 | 4.01 | 3.82 |
| Interest | 2.01 | 2.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 2.01 | 3.01 | 2.55 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.82 |
| Profit before tax | 2.01 | 3.01 | 6.01 | 9.01 | 5.01 | 5.01 | 4.01 | 5.01 | 19.01 | 10.01 | 8.01 | 8.44 |
| Tax % | 20.0% | 34.1% | 34.0% | 27.0% | 25.0% | 25.1% | 27.0% | 26.0% | 26.0% | 26.0% | 26.0% | — |
| Exceptional items | 0.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.81 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 1.01 | 2.01 | 4.01 | 7.02 | 4.01 | 3.01 | 3.01 | 4.01 | 14.03 | 8.02 | 6.01 | 6.24 |
| EPS (Rs) | 2.51 | 4.09 | 8.11 | 13.35 | 7.08 | 6.81 | 5.96 | 7.87 | 27.55 | 14.98 | 12.23 | 12.26 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.98 | 4.99 | 4.99 | 4.99 | 4.99 | 5.00 | 5.00 | 4.99 | 4.99 | 4.99 | 5.00 | 4.99 |
| Reserves | −0.99 | 0.99 | 2.99 | 6.99 | 13.98 | 17.99 | 22.98 | 26.98 | 31.97 | 47.01 | 53.97 | 59.96 |
| Borrowings | 16.04 | 9.03 | 7.02 | 7.02 | 9.03 | 6.02 | 8.02 | 8.02 | 19.04 | 22.08 | 35.09 | 32.10 |
| Other Liabilities | 9.99 | 6.00 | 9.02 | 14.00 | 6.02 | 4.02 | 4.02 | 4.03 | 4.03 | 3.02 | 4.02 | 4.02 |
| Total Liabilities | 31.02 | 21.01 | 25.02 | 34.00 | 34.02 | 33.03 | 40.02 | 44.02 | 59.03 | 77.10 | 98.08 | 102 |
| Fixed Assets | 2.99 | 1.99 | 1.99 | 1.99 | 1.99 | 2.99 | 1.99 | 1.99 | 2.99 | 1.99 | 1.99 | 3.99 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.01 | 9.02 | 10.03 | 1.01 | 5.01 | 9.01 |
| Other Assets | 28.03 | 18.02 | 22.03 | 31.01 | 31.03 | 30.04 | 30.02 | 33.01 | 46.01 | 74.10 | 92.08 | 89.07 |
| Inventories | 16.65 | 10.41 | 9.65 | 6.09 | 6.79 | 5.62 | 7.03 | 8.35 | 11.74 | 27.04 | 21.68 | 22.70 |
| Trade receivables | 6.24 | 3.69 | 4.85 | 9.63 | 9.78 | 9.07 | 12.23 | 12.89 | 11.82 | 12.66 | 12.29 | 18.57 |
| Cash & equivalents | 1.08 | 0.72 | 0.56 | 0.91 | 1.60 | 0.19 | 0.25 | 1.08 | 1.47 | 1.46 | 2.18 | 1.96 |
| Total Assets | 31.02 | 21.01 | 25.02 | 34.00 | 34.02 | 33.03 | 40.02 | 44.02 | 59.03 | 77.10 | 98.08 | 102 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.99 | 5.99 | 2.99 | 8.99 | −4.99 | 4.99 | 0.00 | 2.99 | −6.99 | 6.99 | 10.98 | −0.99 |
| Cash from investing activity | 0.00 | 2.01 | 0.00 | −8.01 | 5.01 | −2.01 | −1.01 | 0.00 | −1.01 | −9.02 | −22.06 | 9.03 |
| Cash from financing activity | 0.00 | −8.97 | −2.99 | −0.99 | 0.99 | −4.98 | 0.99 | −1.99 | 8.96 | 1.99 | 10.96 | −6.97 |
| Net cash flow | 1.01 | −1.01 | 0.00 | 0.00 | 1.01 | −1.01 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capex | 0.40 | 0.13 | 0.28 | 0.08 | 0.30 | 0.06 | 0.07 | 0.08 | 0.47 | 0.14 | 0.41 | 0.48 |
| Free cash flow | 1.01 | 8.02 | 2.01 | 9.01 | −6.01 | 5.01 | 0.00 | 3.01 | −8.01 | 7.01 | 11.01 | −1.01 |
| CFO / OP % | 99.0% | 244.0% | 69.0% | 153.0% | −28.0% | 125.0% | 17.0% | 83.0% | −99.0% | 65.0% | 150.0% | 24.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 43 | 24 | 33 | 42 | 33 | 37 | 49 | 41 | 32 | 22 | 27 | 41 |
| Inventory days | 132 | 79 | 85 | 33 | 28 | 28 | 33 | 31 | 36 | 54 | 55 | 60 |
| Days payable | 52 | 14 | 49 | 63 | 11 | 7 | 10 | 5 | 5 | 3 | 8 | 7 |
| Cash conversion cycle | 121 | 87 | 67 | 12 | 49 | 57 | 71 | 66 | 61 | 72 | 73 | 94 |
| Working capital days | 11 | 15 | 35 | 37 | 47 | 77 | 68 | 61 | 59 | 76 | 105 | 108 |
| ROCE % | 17.0% | 15.0% | 32.0% | 42.0% | 42.9% | 20.0% | 12.9% | 12.9% | 13.0% | 30.9% | 14.0% | 10.9% |
For the Mar 2026 quarter, Sharda Ispat reported sales of ₹66.93 Cr, up 64.2% year on year and net profit of ₹4.36 Cr, up 331.7% year on year. The operating margin was 8.7%.
Sharda Ispat's sales for the year to Mar 2026 were ₹168 Cr; over the last twelve months they were ₹168 Cr.
Net profit for the year to Mar 2026 was ₹6.01 Cr, and ₹6.24 Cr over the last twelve months. Earnings per share over the same trailing period were ₹12.26.
Sharda Ispat reported borrowings of ₹32.10 Cr at Mar 2026, against cash and equivalents of ₹1.96 Cr.
Cash from operations was −₹0.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.01 Cr.