Sharda Motor Industries Limited (SHARDAMOTR)

Automobile and Auto Components · Auto Components · NSE · Updated 16 July 2026

₹868.6 ↓ 19.8% (1Y)

🎯 Key Takeaways

Sharda Motor Industries Limited is transitioning from a mature phase into a growth-oriented expansion, driven by strategic investments in export markets and lightweighting technologies. Management is leveraging regulatory tailwinds and global partnerships to scale high-margin segments, with a clear focus on ROCE improvement and operational efficiency.
Revenue declined 3% QoQ to ₹690 in Q3FY25.
⚠️ 1) Dependence on export demand, particularly from North American and emission component markets, exposes the company to global economic slowdowns or r

Market Cap

₹5,014

P/E Ratio

15.7

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Sharda Motor Industries Limited is transitioning from a mature phase into a growth-oriented expansion, driven by strategic investments in export markets and lightweighting technologies. Management is leveraging regulatory tailwinds and global partnerships to scale high-margin segments, with a clear focus on ROCE improvement and operational efficiency. The company is actively reinvesting in capacity and technology to capture long-term structural demand shifts in the automotive sector.

📰 What's Happening

In its Q4 FY26 results filing dated May 29, 2026, Sharda Motor reported a 30% YoY revenue jump to ₹971.8 crores, with full-year FY26 revenue reaching ₹3,396.8 crores, up 20%. Profit after tax rose to ₹89.4 crores in Q4, supported by export momentum in emission components and expansion in lightweighting. Management highlighted a ₹90-110 crore capex plan for FY27 and projected 3x order growth in lightweighting by FY28. A supply order from a major North American engine manufacturer is expected by Q3 FY27, signaling deepening international traction.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	688	654	763	689	703	685	711	690
Operating Profit	95	87	118	116	128	115	121	115
OPM %	11.8%	10.4%	13.0%	13.7%	14.1%	14.0%	14.8%	13.7%
Net Profit	62	55	80	76	88	77	79	75
EPS	₹20.88	₹18.57	₹26.94	₹25.55	₹29.70	₹25.90	₹27.39	₹25.63

The company has demonstrated consistent top-line growth over the past four quarters, with revenue expanding from ₹654 crores in Q1FY24 to ₹971.8 crores in Q4FY26, reflecting strong demand recovery and export tailwinds. Operating margins have stabilized around 13-14% despite macro pressures, while net profit margins have improved from 9% in Q1FY24 to 9.2% in Q4FY26, aided by cost discipline and scale efficiencies. The EBITDA growth of 6% YoY in FY26 underscores margin resilience amid rising input costs.

🔮 Management Outlook & What's Next

Management has provided clear forward guidance, projecting FY27 capex of ₹90-110 crores to support export and lightweighting expansion. It expects export orders to ramp up from Q1 FY28 and lightweighting segment orders to grow 3x by FY28. A key upcoming milestone is the supply order from a North American engine manufacturer, anticipated in Q3 FY27. Management continues to emphasize margin discipline, ROCE focus, and strategic partnerships to capture regulatory-driven demand in emission control and lightweighting segments.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Auto Components

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Samvardhana Motherson International Limited	1.37 L Cr	30.6	—	—	—
Bosch Limited	1.11 L Cr	55.0	—	—	—
Bharat Forge Limited	91,463	99.6	—	—	—
UNO Minda Limited	64,785	66.7	—	—	—
Schaeffler India Limited	62,984	67.0	—	—	—
Tube Investments of India Limited	55,168	47.4	—	—	—
MRF Limited	54,558	31.1	—	—	—
Balkrishna Industries Limited	41,530	23.4	—	—	—
Endurance Technologies Limited	35,848	44.7	—	—	—
Sona BLW Precision Forgings Limited	35,667	58.5	—	—	—

🔗 Peer Stock Analyses

MOTHERSON BOSCHLTD BHARATFORG UNOMINDA SCHAEFFLER

⚠️ Risk Factors

1) Dependence on export demand, particularly from North American and emission component markets, exposes the company to global economic slowdowns or regulatory shifts. 2) Execution risk in scaling lightweighting operations to achieve 3x order growth by FY28, which requires sustained capital allocation and supply chain coordination. 3) Margin pressure could re-emerge if input costs rise faster than pricing power materializes, despite management's discipline focus.

📋 Recent Filings

🧠 Analyst's Read

Sharda Motor Industries is positioning itself as a beneficiary of structural trends in automotive electrification and lightweighting, with export growth and regulatory tailwinds underpinning its medium-term outlook. The next catalyst will be the Q3 FY27 supply order from the North American engine manufacturer and the pace of order intake in the lightweighting segment. Execution on capex and margin guidance will be critical to sustaining investor confidence.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-16.

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