Sharda Motor Industries (SHARDAMOTR)₹887.30+0.65%Auto Components & Equipments
In the Jun 2026 quarter (consolidated), Sharda Motor Industries reported sales of ₹1,011 Cr, up 33.7% from Jun 2025, and net profit of ₹86.80 Cr, down 13.0% year on year. For the year to Mar 2026, sales were ₹3,394 Cr and net profit ₹344 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 763 | 689 | 703 | 684 | 711 | 689 | 750 | 756 | 786 | 882 | 971 | 1,011 |
| Expenses | 660 | 592 | 602 | 587 | 603 | 592 | 647 | 655 | 684 | 772 | 855 | 904 |
| Operating Profit | 99.34 | 94.32 | 99.35 | 96.37 | 105 | 95.41 | 101 | 98.38 | 100 | 106 | 113 | 103 |
| OPM % | 13.1% | 14.1% | 14.1% | 14.1% | 15.1% | 14.1% | 13.1% | 13.1% | 13.1% | 12.1% | 12.1% | 10.1% |
| Other Income | 19.92 | 22.90 | 30.87 | 19.93 | 14.95 | 21.92 | 28.92 | 45.85 | 17.92 | 18.93 | 24.91 | 27.89 |
| Interest | 1.01 | 1.01 | 0.00 | 0.00 | 0.00 | 1.01 | 2.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 |
| Depreciation | 12.98 | 13.98 | 13.99 | 12.99 | 13.98 | 14.98 | 16.99 | 13.99 | 15.98 | 16.99 | 16.98 | 14.99 |
| Profit before tax | 106 | 102 | 117 | 102 | 106 | 101 | 111 | 130 | 102 | 107 | 120 | 115 |
| Tax % | 23.9% | 25.9% | 23.9% | 24.9% | 25.9% | 24.9% | 23.9% | 22.9% | 26.9% | 23.9% | 24.9% | 24.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 17.02 | 0.00 | −3.01 | 0.00 | 0.00 |
| Net Profit | 79.79 | 75.79 | 87.69 | 76.72 | 78.76 | 74.82 | 83.68 | 99.74 | 74.78 | 80.79 | 88.79 | 86.80 |
| EPS (Rs) | 13.49 | 12.80 | 14.89 | 13.43 | 13.75 | 13.18 | 14.65 | 17.45 | 13.05 | 14.21 | 15.61 | 15.11 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 927 | 1,041 | 1,155 | 1,140 | 863 | 1,737 | 2,253 | 2,700 | 2,807 | 2,836 | 3,394 | 3,650 |
| Expenses | 838 | 908 | 1,005 | 990 | 765 | 1,602 | 2,030 | 2,408 | 2,439 | 2,432 | 2,964 | 3,215 |
| Operating Profit | 87.28 | 131 | 145 | 145 | 96.29 | 130 | 217 | 283 | 362 | 398 | 421 | 423 |
| OPM % | 9.1% | 12.1% | 13.1% | 13.1% | 11.1% | 7.1% | 10.1% | 10.1% | 13.1% | 14.1% | 12.1% | 11.6% |
| Other Income | 18.94 | 3.99 | 15.95 | 20.94 | 23.92 | 20.91 | 28.92 | 44.85 | 92.62 | 85.75 | 108 | 89.65 |
| Interest | 12.05 | 8.03 | 2.01 | 0.00 | 1.01 | 1.01 | 1.01 | 2.01 | 2.01 | 4.02 | 4.01 | 4.04 |
| Depreciation | 43.99 | 49.96 | 43.98 | 40.96 | 39.96 | 43.94 | 40.95 | 45.97 | 52.99 | 57.98 | 62.91 | 64.94 |
| Profit before tax | 50.02 | 75.99 | 116 | 125 | 78.02 | 105 | 203 | 278 | 399 | 420 | 459 | 444 |
| Tax % | −1.0% | 26.9% | 32.9% | 30.9% | 25.9% | 24.9% | 26.0% | 24.9% | 24.9% | 24.9% | 24.9% | — |
| Exceptional items | 6.01 | −3.01 | 3.01 | 4.01 | 6.01 | 3.01 | 6.01 | 6.01 | 20.02 | 13.01 | 14.01 | −3.01 |
| Net Profit | 32.90 | 60.83 | 87.75 | 94.68 | 51.81 | 66.79 | 148 | 207 | 299 | 314 | 344 | 331 |
| EPS (Rs) | 5.94 | 10.27 | 14.81 | 15.95 | 8.84 | 11.23 | 25.14 | 35.11 | 50.51 | 54.96 | 60.30 | 57.98 |
| Dividend payout % | 11.0% | 11.9% | 8.0% | 0.0% | 0.0% | 2.0% | 16.0% | 25.0% | 10.0% | 30.0% | 33.0% | — |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.01 | 6.02 | 6.02 | 6.01 | 6.02 | 6.01 | 6.01 | 6.02 | 6.00 | 6.01 | 11.01 |
| Reserves | 241 | 300 | 379 | 468 | 359 | 424 | 566 | 751 | 998 | 1,055 | 1,300 |
| Borrowings | 121 | 58.78 | 0.00 | 0.00 | 10.96 | 11.96 | 11.95 | 24.89 | 23.91 | 51.77 | 48.82 |
| Other Liabilities | 179 | 207 | 231 | 245 | 247 | 529 | 478 | 603 | 595 | 640 | 849 |
| Total Liabilities | 547 | 571 | 615 | 720 | 621 | 971 | 1,063 | 1,385 | 1,623 | 1,753 | 2,209 |
| Fixed Assets | 244 | 205 | 179 | 194 | 187 | 180 | 156 | 221 | 220 | 252 | 284 |
| CWIP | 4.01 | 1.01 | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 8.01 | 0.00 |
| Investments | 46.82 | 99.62 | 136 | 121 | 39.87 | 40.87 | 77.69 | 29.88 | 665 | 737 | 1,132 |
| Other Assets | 252 | 266 | 300 | 405 | 394 | 751 | 829 | 1,134 | 738 | 755 | 793 |
| Inventories | 83.01 | 72.05 | 85.98 | 103 | 107 | 139 | 131 | 204 | 197 | 207 | 282 |
| Trade receivables | 102 | 108 | 121 | 132 | 117 | 323 | 275 | 330 | 226 | 284 | 361 |
| Cash & equivalents | 36.98 | 59.99 | 73.94 | 141 | 146 | 263 | 398 | 162 | 265 | 201 | 95.05 |
| Total Assets | 547 | 571 | 615 | 720 | 621 | 971 | 1,063 | 1,385 | 1,623 | 1,753 | 2,209 |
| 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 | 91.81 | 164 | 116 | 94.80 | −63.86 | 148 | 192 | −200 | 370 | 270 | 362 |
| Cash from investing activity | −61.24 | −84.28 | −30.12 | −42.20 | 73.34 | −153 | −62.25 | 192 | −215 | −68.24 | −372 |
| Cash from financing activity | −42.94 | −76.92 | −69.87 | −4.99 | −0.99 | −0.99 | −8.99 | −26.97 | −53.96 | −262 | −99.84 |
| Net cash flow | −12.04 | 3.01 | 16.04 | 48.16 | 8.02 | −6.01 | 120 | −36.14 | 101 | −59.16 | −107 |
| Capex | 31.14 | 23.09 | 26.08 | 64.22 | 33.13 | 41.14 | 36.16 | 103 | 0.00 | 0.00 | 92.41 |
| Free cash flow | 89.74 | 149 | 97.61 | 36.88 | −76.81 | 124 | 177 | −288 | 339 | 210 | 323 |
| CFO / OP % | 119.0% | 141.0% | 107.0% | 93.0% | −45.0% | 140.0% | 115.0% | −45.0% | 130.0% | 94.0% | 114.0% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 40 | 38 | 39 | 42 | 50 | 68 | 45 | 45 | 30 | 37 | 39 |
| Inventory days | 46 | 36 | 39 | 47 | 66 | 35 | 26 | 33 | 33 | 35 | 39 |
| Days payable | 72 | 85 | 86 | 91 | 130 | 122 | 85 | 88 | 85 | 95 | 110 |
| Cash conversion cycle | 16 | −9 | −6 | 1 | −13 | −17 | −13 | −8 | −21 | −22 | −30 |
| Working capital days | −24 | −14 | 0 | 3 | −3 | −10 | −8 | 49 | −18 | −15 | 79 |
| ROCE % | — | 24.0% | 30.0% | 28.0% | 17.0% | 25.0% | 38.0% | 40.0% | 41.0% | 38.0% | 36.0% |
For the Jun 2026 quarter, Sharda Motor Industries reported sales of ₹1,011 Cr, up 33.7% year on year and net profit of ₹86.80 Cr, down 13.0% year on year. The operating margin was 10.1%.
Sharda Motor Industries' sales for the year to Mar 2026 were ₹3,394 Cr; over the last twelve months they were ₹3,650 Cr.
Net profit for the year to Mar 2026 was ₹344 Cr, and ₹331 Cr over the last twelve months. Earnings per share over the same trailing period were ₹57.98.
Sharda Motor Industries reported borrowings of ₹48.82 Cr at Mar 2026, against cash and equivalents of ₹95.05 Cr.
Cash from operations was ₹362 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹323 Cr.