Sharda Motor Industries Ltd - Stock Valuation and Financial Performance

BSE: 535602 | NSE: SHARDAMOTR | Auto Ancillary | Small Cap

Sharda Motor Inds. Share Price

1,364.80 -1.10 -0.08%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Sharda Motor Inds.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Sharda Motor Industries stock performance -

mw4me loader
P/E Ratio (SA):
15.04
Market Cap:
4,057.8 Cr.
52-wk low:
550
52-wk high:
1,571

Is Sharda Motor Industries Ltd an attractive stock to invest in?

1. Is Sharda Motor Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sharda Motor Industries Ltd is a average quality company.

2. Is Sharda Motor Industries Ltd undervalued or overvalued?

The key valuation ratios of Sharda Motor Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sharda Motor Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sharda Motor Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sharda Motor Inds.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sharda Motor Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.7%11.9%11.8%19.2%21.6%21.1%12.5%18.7%29.8%29.5%-
Value Creation
Index
-0.5-0.2-0.20.40.50.5-0.10.31.11.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8178759271,0421,1551,1408631,7372,2552,7002,794
Sales YoY Gr.-7%6%12.4%10.9%-1.4%-24.3%101.2%29.9%19.7%-
Adj EPS 5.611.611.120.724.928.116.825.252.16890.7
YoY Gr.-106.8%-4.4%86.2%20.3%13.2%-40.4%50%107%30.6%-
BVPS (₹) 59.869.177.696119.4147.4123.5149.8201.7263316.2
Adj Net
Profit
16.734.53361.473.983.649.974.8155202270
Cash Flow from Ops. 49.599.692.816411694.6-30.1148192-200-
Debt/CF from Ops. 4.61.51.30.4000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.2%18.5%46.3%19.7%
Adj EPS 31.9%22.3%59.5%30.6%
BVPS17.9%17.1%28.7%30.4%
Share Price 38.3% 35.5% 47.9% 144.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.61815.123.823.121.112.418.429.629.331.3
Op. Profit
Mgn %
9.410.810.512.612.712.811.17.410.110.412.3
Net Profit
Mgn %
23.93.65.96.47.35.84.36.97.59.7
Debt to
Equity
1.30.70.50.2000000-
Working Cap
Days
777368728310815810710312372
Cash Conv.
Cycle
24-1-2-334-4-9-633

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 31.30%

Sales growth is growing at healthy rate in last 3 years 46.26%

Net Profit is growing at healthy rate in last 3 years 59.45%

Sales growth is not so good in last 4 quarters at 6.32%

Latest Financials - Sharda Motor Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 90.7 91.9
TTM Sales (₹ Cr.) 2,794 2,794
BVPS (₹.) 316.2 308.5
Reserves (₹ Cr.) 934 911
P/BV 4.32 4.42
PE 15.04 14.84
From the Market
52 Week Low / High (₹) 550.00 / 1571.00
All Time Low / High (₹) 44.21 / 1571.00
Market Cap (₹ Cr.) 4,058
Equity (₹ Cr.) 6
Face Value (₹) 2
Industry PE 46.3

Management X-Ray of Sharda Motor Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sharda Motor Inds.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8178759271,0421,1551,1408631,7372,2552,700
Operating Expenses 7477838319121,0109957671,6072,0282,422
Manufacturing Costs747178859694657187108
Material Costs5896216497177907765861,4191,8062,164
Employee Cost 46526373828685829298
Other Costs 37384137423931354252
Operating Profit 71919613014514596129228278
Operating Profit Margin (%) 8.6%10.5%10.4%12.5%12.6%12.7%11.1%7.4%10.1%10.3%
Other Income 13101414182224213046
Interest 1615128201112
Depreciation 46524450444140444146
Exceptional Items 00-4-9-100000
Profit Before Tax 2234507711712678105215275
Tax 7-21620383821275470
Profit After Tax 1536345779885879161205
PAT Margin (%) 1.8%4.1%3.7%5.4%6.8%7.7%6.7%4.5%7.2%7.6%
Adjusted EPS (₹)5.112.211.519.126.429.619.426.454.369.1
Dividend Payout Ratio (%)40%16%22%13%9%0%0%10%15%25%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 178205231285355438367445600782
Share Capital 6666666666
Reserves 172199225279349432361439594776
Minority Interest0000000000
Debt22113410539000000
Long Term Debt43341911000000
Short Term Debt178998628000000
Trade Payables106120125164183191207471415516
Others Liabilities 79839796126159179226266331
Total Liabilities 5845425585856647887531,1421,2811,628

Fixed Assets

Gross Block514538549252269321347382389473
Accumulated Depreciation2152673064889127161203233252
Net Fixed Assets299272243204179194186179156221
CWIP 7841001000
Investments 12318010685425510454
Inventories7187837286103107139131204
Trade Receivables10599102108122132117324276331
Cash Equivalents 3615376074141146263398162
Others Assets6460596097133153182216656
Total Assets 5845425585856647887531,1421,2811,628

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 491009316411695-30148192-200
PBT 2234507711712678105215275
Adjustment 475950573226-104302011
Changes in Working Capital -14143497-17174513-413
Tax Paid -5-8-11-19-40-40-21-32-57-73
Cash Flow From Investing Activity -64-18-62-84-30-4239-152-62190
Capex -78-16-3-15-18-57-13-24-14-88
Net Investments 0-1-63-74-181048-135-64253
Others 13-14466571526
Cash Flow From Financing Activity 45-103-43-77-70-5-1-1-9-27
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -14-15-12-8-300-10-2
Dividend Paid -7-7-8-9-9-500-8-24
Others 66-81-23-60-580-1-1-1-1
Net Cash Flow 30-21-12316488-6120-36
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.6418.8615.72224.5522.1514.3419.3430.929.74
ROCE (%)10.4713.117.8424.353431.8519.7226.2641.4640.13
Asset Turnover Ratio2.042.152.372.141.931.571.121.831.861.86
PAT to CFO Conversion(x)3.272.782.742.881.471.08-0.521.871.19-0.98
Working Capital Days
Receivable Days34312831354153464941
Inventory Days26242423243044262223
Payable Days756669748088124879079

Sharda Motor Industries Ltd Stock News

Sharda Motor Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sharda Motor Inds. on 28-Mar-2024 16:01 is ₹1,364.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Sharda Motor Inds. stood at ₹4,057.8.
The latest P/E ratio of Sharda Motor Inds. as of 28-Mar-2024 16:01 is 15.04.
The latest P/B ratio of Sharda Motor Inds. as of 28-Mar-2024 16:01 is 4.32.
The 52-week high of Sharda Motor Inds. is ₹1,571 and the 52-week low is ₹550.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sharda Motor Inds. is ₹2,794 ( Cr.) .

About Sharda Motor Industries Ltd

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