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Sharda Motor Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹684.71Overvalued by 22.54%vs CMP ₹884.00

P/E (15.7) × ROE (26.5%) × BV (₹202.00) × DY (1.84%)

₹632.17Overvalued by 28.49%vs CMP ₹884.00
MoS: -39.8% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹799.0223%Fair (-9.6%)
Graham NumberEarnings₹516.6517%Over (-41.6%)
Earnings PowerEarnings₹401.6011%Over (-54.6%)
DCFCash Flow₹1,260.1111%Under (+42.5%)
Net Asset ValueAssets₹201.767%Over (-77.2%)
EV/EBITDAEnterprise₹623.579%Over (-29.5%)
Earnings YieldEarnings₹587.307%Over (-33.6%)
ROCE CapitalReturns₹417.959%Over (-52.7%)
Revenue MultipleRevenue₹493.886%Over (-44.1%)
Consensus (9 models)₹632.17100%Overvalued
Key Drivers: Wide model spread (₹202–₹1,260) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.7%

*Investments are subject to market risks

Analyst Summary

Sharda Motor Industries Ltd operates in the Auto Ancl - Others segment, NSE: SHARDAMOTR | BSE: 535602, current market price is ₹884.00, market cap is 5,078 Cr.. At a glance, stock P/E is 15.7, ROE is 26.5 %, ROCE is 34.6 %, book value is 202, dividend yield is 1.84 %. The latest intrinsic value estimate is ₹632.17, around 28.5% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹2,837 Cr versus the prior period change of 1.0%, while latest net profit is about ₹312 Cr with a prior-period change of 5.8%. The 52-week range shown on this page is 1,258/700, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisSharda Motor Industries Ltd. is a Public Limited Listed company incorporated on 29/01/1986 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is…

This summary is generated from the stock page data available for Sharda Motor Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

74
Sharda Motor Industries Ltd scores 74/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 34.6% ExcellentROE 26.5% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.03% (6mo) Slight increasePromoter holding at 64.3% Stable
Earnings Quality65/100 · Strong
OPM expanding (10% → 14%) Improving
Quarterly Momentum68/100 · Strong
Revenue (4Q): +14% YoY GrowingProfit (4Q): +7% YoY Positive
Industry Rank75/100 · Strong
P/E 15.7 vs industry 107.3 Cheaper than peersROCE 34.6% vs industry 15.5% Above peers3Y sales CAGR: 8% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 1:00 am

Market Cap 5,078 Cr.
Current Price 884
Intrinsic Value₹632.17
High / Low 1,258/700
Stock P/E15.7
Book Value 202
Dividend Yield1.84 %
ROCE34.6 %
ROE26.5 %
Face Value 2.00
PEG Ratio0.94

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Sharda Motor Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Sharda Motor Industries Ltd 5,078 Cr. 884 1,258/70015.7 2021.84 %34.6 %26.5 % 2.00
LG Balakrishnan & Bros Ltd 5,330 Cr. 1,677 2,097/1,18416.8 6751.19 %19.8 %15.6 % 10.0
Pricol Ltd 7,024 Cr. 576 695/40833.0 93.00.35 %22.9 %17.6 % 1.00
Sandhar Technologies Ltd 3,061 Cr. 507 601/35517.3 2040.69 %12.3 %12.8 % 10.0
Divgi Torqtransfer Systems Ltd 2,171 Cr. 709 811/44059.0 1990.37 %5.69 %4.14 % 5.00
Industry Average5,527.35 Cr628.22107.30158.150.67%15.54%23.00%5.59

All Competitor Stocks of Sharda Motor Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 686688654763689703685711690750756787882
Expenses 622607586663595604590606595649658686775
Operating Profit 648168999499961059510198101106
OPM % 9%12%10%13%14%14%14%15%14%13%13%13%12%
Other Income 11141819222920152127451818
Interest 1011100012111
Depreciation 13141213141413141517141617
Profit before tax 628174105102114102106100109129103106
Tax % 26%25%26%25%26%25%25%26%25%24%23%27%24%
Net Profit 46615579758676797583997580
EPS in Rs 7.7410.189.2613.2812.6214.4113.3013.7513.0214.3817.2613.1313.96

Last Updated: March 3, 2026, 2:50 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 6:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8218759271,0421,1551,1408631,7372,2552,7002,8092,8373,175
Expenses 7477838279121,0109957671,6072,0272,4182,4482,4402,768
Operating Profit 759210013014514596129228282361396407
OPM % 9%10%11%12%13%13%11%7%10%10%13%14%13%
Other Income 9101051722242129428883109
Interest 1615128201112246
Depreciation 46524850444140444146535863
Profit before tax 2234507711712678105215275395418447
Tax % 32%-5%32%26%33%30%26%25%25%25%25%25%
Net Profit 1536345779885879161205295312337
EPS in Rs 2.526.075.759.5413.2114.779.7113.2127.1434.5349.5654.4458.73
Dividend Payout % 40%16%22%13%9%0%0%2%15%25%10%30%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)140.00%-5.56%67.65%38.60%11.39%-34.09%36.21%103.80%27.33%43.90%5.76%
Change in YoY Net Profit Growth (%)0.00%-145.56%73.20%-29.05%-27.20%-45.48%70.30%67.59%-76.47%16.57%-38.14%

Sharda Motor Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:27%
3 Years:8%
TTM:2%
Compounded Profit Growth
10 Years:24%
5 Years:43%
3 Years:26%
TTM:1%
Stock Price CAGR
10 Years:29%
5 Years:61%
3 Years:37%
1 Year:-20%
Return on Equity
10 Years:26%
5 Years:28%
3 Years:30%
Last Year:30%

Last Updated: September 5, 2025, 1:26 pm

Balance Sheet

Last Updated: December 4, 2025, 1:57 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 66666666666611
Reserves 1721992252793494323614405947761,0191,0731,148
Borrowings 225144121590011121225245250
Other Liabilities 164168178207232246247530480606598643699
Total Liabilities 5675185305525876856259871,0931,4131,6471,7741,909
Fixed Assets 299272243204179194186179156221219251268
CWIP 7841001000087
Investments 12318010685425510454687757946
Other Assets 2602372522673014063957538321,138741757688
Total Assets 5675185305525876856259871,0931,4131,6471,7741,909

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 491009316411695-30148192-200370271
Cash from Investing Activity + -64-18-62-84-30-4239-152-62191-214-68
Cash from Financing Activity + 45-103-43-77-70-5-1-1-9-27-54-262
Net Cash Flow 30-21-12316488-6120-36101-60
Free Cash Flow -2980901509837-44124178-289340211
CFO/OP 66%118%104%141%107%93%-10%140%109%-45%130%94%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-150.00-52.00-21.0071.00145.00145.0085.00117.00216.00257.00337.00344.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 474140383942506845453037
Inventory Days 445147374048673627343436
Days Payable 66717184859012912184878494
Cash Conversion Cycle 252216-9-61-13-17-13-8-21-22
Working Capital Days -56-26-24-15-12-4-11-948-19-16
ROCE %10%13%19%26%33%30%17%24%39%38%39%35%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.20%73.20%73.20%73.20%73.20%64.31%64.31%64.31%64.31%64.31%64.31%64.31%
FIIs 1.11%1.22%1.64%1.79%1.55%2.42%2.38%2.16%2.20%2.26%2.46%2.23%
DIIs 0.00%0.24%0.29%0.30%0.42%9.32%11.41%11.94%11.72%11.52%11.44%11.70%
Government 0.12%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 25.57%25.34%24.88%24.72%24.83%23.94%21.89%21.59%21.77%21.91%21.80%21.76%
No. of Shareholders 15,04615,20317,95419,17420,81627,37533,96032,94333,82835,83938,93237,537

Shareholding Pattern Chart

No. of Shareholders

Sharda Motor Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Flexicap Fund 1,883,841 0.86 175.571,888,9342025-12-15 00:42:26-0.27%
HSBC Small Cap Fund 1,113,424 0.67 103.77N/AN/AN/A
Nippon India Small Cap Fund 1,039,142 0.14 96.851,035,9762026-01-25 02:17:230.31%
ICICI Prudential Smallcap Fund 654,525 0.73 61651,5632026-03-21 20:16:540.45%
ICICI Prudential Transportation and Logistics Fund 599,377 1.84 55.86593,9002025-12-15 00:42:260.92%
Axis Small Cap Fund 394,189 0.14 36.74407,9132026-03-11 00:58:35-3.36%
PGIM India Small Cap Fund 174,868 1.09 16.3200,3842026-01-26 04:54:13-12.73%
Nippon India Retirement Fund - Wealth Creation Scheme 152,211 0.45 14.19N/AN/AN/A
Groww Value Fund 5,866 0.83 0.55N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.0010.00
Basic EPS (Rs.) 108.80100.7770.0750.19112.08
Diluted EPS (Rs.) 108.80100.7770.0750.19112.08
Cash EPS (Rs.) 129.13116.8684.6667.99206.14
Book Value[Excl.RevalReserv]/Share (Rs.) 369.93338.32254.90192.69724.57
Book Value[Incl.RevalReserv]/Share (Rs.) 369.93338.32254.90192.69724.57
Revenue From Operations / Share (Rs.) 988.21944.88908.11758.562920.36
PBDIT / Share (Rs.) 167.10151.12108.8186.55253.42
PBIT / Share (Rs.) 146.82133.4493.2472.88179.45
PBT / Share (Rs.) 145.45132.7092.6072.38177.05
Net Profit / Share (Rs.) 108.8599.1969.0954.32132.17
NP After MI And SOA / Share (Rs.) 109.71100.7770.0750.19112.08
PBDIT Margin (%) 16.9015.9911.9811.408.67
PBIT Margin (%) 14.8514.1210.269.606.14
PBT Margin (%) 14.7114.0410.199.546.06
Net Profit Margin (%) 11.0110.497.607.164.52
NP After MI And SOA Margin (%) 11.1010.667.716.613.83
Return on Networth / Equity (%) 29.6529.7827.4826.0415.46
Return on Capital Employeed (%) 37.5638.1535.0836.5523.83
Return On Assets (%) 17.9218.4014.9914.006.85
Asset Turnover Ratio (%) 1.681.862.202.182.16
Current Ratio (X) 2.241.771.871.841.44
Quick Ratio (X) 1.911.441.531.571.17
Inventory Turnover Ratio (X) 14.0410.4612.5213.1211.35
Dividend Payout Ratio (NP) (%) 9.0417.1311.635.240.00
Dividend Payout Ratio (CP) (%) 7.6314.589.514.110.00
Earning Retention Ratio (%) 90.9682.8788.3794.760.00
Cash Earning Retention Ratio (%) 92.3785.4290.4995.890.00
Interest Coverage Ratio (X) 121.95203.52169.18174.46105.60
Interest Coverage Ratio (Post Tax) (X) 80.43134.58108.43110.4956.07
Enterprise Value (Cr.) 4327.503793.121500.131821.00905.42
EV / Net Operating Revenue (X) 1.531.350.550.800.52
EV / EBITDA (X) 9.028.444.647.086.01
MarketCap / Net Operating Revenue (X) 1.601.440.610.980.67
Retention Ratios (%) 90.9582.8688.3694.750.00
Price / BV (X) 4.264.032.193.872.71
Price / Net Operating Revenue (X) 1.601.440.610.980.67
EarningsYield 0.060.070.120.060.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Sharda Motor Industries Ltd. is a Public Limited Listed company incorporated on 29/01/1986 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1986PLC023202 and registration number is 023202. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company's Total Operating Revenue is Rs. 2836.57 Cr. and Equity Capital is Rs. 5.74 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - OthersD-188, Okhla Industrial Area, Phase-1, New Delhi Delhi 110020Contact not found
Management
NamePosition Held
Mr. Kishan N ParikhChairman & Non-Exe.Director
Mr. Ajay RelanManaging Director
Mr. Nitin VishnoiExecutive Director & Company Secretary
Mr. Udayan BanerjeeIndependent Director
Mrs. Sarita DhuperIndependent Director
Mr. Navin PaulIndependent Director

FAQ

What is the intrinsic value of Sharda Motor Industries Ltd and is it undervalued?

As of 09 May 2026, Sharda Motor Industries Ltd's intrinsic value is ₹632.17, which is 28.49% lower than the current market price of ₹884.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (26.5 %), book value (₹202), dividend yield (1.84 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Sharda Motor Industries Ltd?

Sharda Motor Industries Ltd is trading at ₹884.00 as of 09 May 2026, with a FY2026-2027 high of ₹1,258 and low of ₹700. The stock is currently in the middle of its 52-week range. Market cap stands at ₹5,078 Cr..

How does Sharda Motor Industries Ltd's P/E ratio compare to its industry?

Sharda Motor Industries Ltd has a P/E ratio of 15.7, which is below the industry average of 107.30. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Sharda Motor Industries Ltd financially healthy?

Key indicators for Sharda Motor Industries Ltd: ROCE of 34.6 % indicates efficient capital utilization; ROE of 26.5 % shows strong shareholder returns. Dividend yield is 1.84 %.

Is Sharda Motor Industries Ltd profitable and how is the profit trend?

Sharda Motor Industries Ltd reported a net profit of ₹312 Cr in Mar 2025 on revenue of ₹2,837 Cr. Compared to ₹161 Cr in Mar 2022, the net profit shows an improving trend.

Does Sharda Motor Industries Ltd pay dividends?

Sharda Motor Industries Ltd has a dividend yield of 1.84 % at the current price of ₹884.00. The company pays dividends, though the yield is modest.

Last Updated: May 5, 2026, 1:00 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 535602 | NSE: SHARDAMOTR
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Sharda Motor Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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