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Sharda Motor Industries Ltd.
(SHARDAMOTR)
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Rating:80Outperform
Price Target:
₹1,100.00
▲(14.35% Upside)
Action:Reiterated
Date:09/28/26
The score is driven primarily by strong financial performance (low leverage, high ROE, and multi-year growth), complemented by a positive technical setup (price above key moving averages and positive MACD). Valuation is supportive but not exceptional (mid-teens P/E with a ~2.1% yield), while margin compression and cash-flow volatility temper the upside.
Positive Factors
Strong revenue scaling
Revenue has nearly doubled across the reported period, indicating meaningful business expansion and stronger scale in the company’s OEM component operations. Sustained top-line growth can support operating leverage, deepen customer-program participation, and provide a larger base for future earnings generation.
Negative Factors
Margin compression
Recent margin compression suggests that higher costs, pricing pressure, or product-mix effects are absorbing part of the benefit from revenue growth. If this persists, earnings may grow more slowly than sales and the company’s ability to compound returns could weaken despite solid operating scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue scaling
Revenue has nearly doubled across the reported period, indicating meaningful business expansion and stronger scale in the company’s OEM component operations. Sustained top-line growth can support operating leverage, deepen customer-program participation, and provide a larger base for future earnings generation.
Read all positive factors
Sharda Motor Industries Ltd. (SHARDAMOTR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹53.30B
Dividend Yield2.16%
Average Volume (3M)4.79K
Price to Earnings (P/E)16.0
Beta (1Y)1.29
Revenue Growth25.60%
EPS Growth-1.79%
CountryIN
Employees917
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)57.83
Shares Outstanding57,407,707
10 Day Avg. Volume5,497
30 Day Avg. Volume4,787
Financial Highlights & Ratios
PEG Ratio1.11
Price to Book (P/B)3.10
Price to Sales (P/S)1.20
P/FCF Ratio14.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sharda Motor Industries Ltd. Business Overview & Revenue Model
Company Description
Established in 1986 and headquartered in New Delhi, India, Sharda Motor Industries Limited is a key supplier of components to original equipment manufacturers (OEMs) in both the automotive and electronics industries across India, with an additiona...
How the Company Makes Money
Sharda Motor Industries makes money mainly by manufacturing and supplying automotive exhaust systems and related assemblies to vehicle OEMs, earning revenue from sale of these components under supply contracts and purchase orders. Its core revenue...
Sharda Motor Industries Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.52B | 33.97B | 28.37B | 28.09B | 27.00B | 22.33B |
| Gross Profit | 6.45B | 5.79B | 5.35B | 6.58B | 5.36B | 4.20B |
| EBITDA | 4.59B | 4.19B | 4.80B | 3.63B | 3.23B | 2.57B |
| Net Income | 3.32B | 3.45B | 3.15B | 3.00B | 2.08B | 1.49B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 22.15B | 17.57B | 16.28B | 13.89B | 10.66B |
| Cash, Cash Equivalents and Short-Term Investments | 9.91B | 9.91B | 9.06B | 5.94B | 5.73B | 4.54B |
| Total Debt | 0.00 | 491.53M | 516.30M | 236.65M | 246.42M | 124.56M |
| Total Liabilities | -13.13B | 9.02B | 6.95B | 6.22B | 6.31B | 4.93B |
| Stockholders Equity | 13.13B | 13.13B | 10.62B | 10.06B | 7.58B | 5.73B |
Cash Flow | ||||||
| Free Cash Flow | 977.10M | 2.88B | 1.98B | 2.96B | -3.03B | 1.56B |
| Operating Cash Flow | 1.45B | 3.80B | 2.91B | 3.70B | -2.00B | 1.92B |
| Investing Cash Flow | -1.82B | -3.91B | -907.35M | -2.15B | 1.90B | -620.86M |
| Financing Cash Flow | -966.72M | -958.62M | -2.60B | -542.34M | -265.74M | -92.94M |
Sharda Motor Industries Ltd. Technical Analysis
Positive
962.00
Price Trends
899.57
Positive
863.09
Positive
859.70
Positive
Market Momentum
12.22
Positive
50.32
Neutral
12.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHARDAMOTR, the sentiment is Positive. The current price of 962 is above the 20-day moving average (MA) of 937.06, above the 50-day MA of 899.57, and above the 200-day MA of 859.70, indicating a neutral trend. The MACD of 12.22 indicates Positive momentum. The RSI at 50.32 is Neutral, neither overbought nor oversold. The STOCH value of 12.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SHARDAMOTR.
Sharda Motor Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹53.30B | 15.99 | ― | 2.07% | 25.60% | -1.79% | |
73 Outperform | ₹46.83B | 18.01 | ― | 2.23% | 17.11% | 23.13% | |
69 Neutral | ₹1.33T | 55.43 | ― | 0.61% | 13.63% | -11.32% | |
66 Neutral | ₹82.51B | 30.09 | ― | 0.30% | 43.26% | 56.35% | |
60 Neutral | ₹126.70B | 38.89 | ― | 0.32% | 33.28% | 72.85% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹64.76B | 34.18 | ― | 0.75% | 18.40% | 71.01% |
* General Sector Average
IN:SHARDAMOTR
Sharda Motor Industries Ltd.
925.05
-119.25
-11.42%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.