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    Sharda Motor Industries Limited

    Makes exhaust/emission-control systems and lightweighting suspension parts for auto OEMs in India and abroad.

    Automobile and Auto Components
    Consumer Discretionary
    View SHARDAMOTR earnings calls
    ₹825.85
    -2.16% from avg

    Overview

    Price

    ₹825.85

    Market Cap

    ₹4.7k Cr

    Sector

    Automobile and Auto Components

    Consumer Discretionary

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital6666661111
    Reserves3614405947761.0k1.1k1.1k1.3k
    Borrowings1112122524525049
    Other Liabilities247530480606598643699853
    Total Liabilities6259871.1k1.4k1.6k1.8k1.9k2.2k
    AssetsFixed Assets186179156221219251268283
    CWIP10000870
    Investments4255104546877579461.1k
    Other Assets3957538321.1k741757688796
    Total Assets6259871.1k1.4k1.6k1.8k1.9k2.2k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating95-30148192-200370271363
    Cash from Investing-4239-152-62191-214-68-370
    Cash from Financing-5-1-1-9-27-54-262-100
    SummaryCapital Expenditure
    Free Cash Flow37-44124178-289340211324
    FCF Margin

    Valuation

    Assumptions

    Current — SHARDAMOTR
    Price
    ₹826
    EPS (TTM)
    ₹59.49
    PE (TTM)
    13.9
    Profit growth
    18.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (24.2×) and current (13.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹826
    vs
    Fair value · 15% return
    ₹862
    4%Undervalued

    At 18.3% growth and a 14× exit, ₹826 only delivers your return if you pay ₹862. The price is currently baking in 17% growth.

    EPS grows 18.3%/yr for 5 years, then fades to 6% over 2, exits at 14×.

    YearGrowthEPS (₹)
    FY2718.3%70.38
    FY2818.3%83.26
    FY2918.3%98.49
    FY3018.3%116.52
    FY3118.3%137.84
    FY3212.2% ·fade154.58
    FY336.0% ·fade163.86

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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