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Earnings Call

Sharda Motor Industries Earnings Call: Key Takeaways

Sharda Motor delivered solid 20% annual revenue growth, pivoting aggressively from traditional emission systems toward a 14% market share in lightweight suspension components.

Highlights
Revenue growthFY26 revenue up 20% YoY to ₹3,396.8cr; Q4 up 30%.
MarginsEBITDA margins stable at 11.6%; gross profit growth matched industry trends.
Demand visibilityStrong visibility through FY28 backed by multi-year OEM export orders.
Management confidenceBalanced; optimistic on lightweighting but cautious on geopolitical volatility.

Growth

Revenue grew 30% YoY in Q4; lightweighting vertical now 10% of gross sales, growing significantly faster than core emission business.

Outlook

Lightweighting vertical expected to triple FY25 volumes by FY28 based on current order book; FY27 capex guided at ₹90-110cr.

Risks

West Asia conflict volatility affecting crude and shipping; high dependency on top PV/CV OEM production schedules.

Source

Earnings Call filed with BSE, NSE: SHARDAMOTR. Summary written with AI assistance from the document.

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Sharda Motor Industries Ltd: key numbers

Share price
₹956.35
Market cap
₹5,490 Cr
Revenue (annual)
₹3,397 Cr
Net profit (annual)
₹345.4 Cr
P/E (TTM)
16.5×Sector 33.6×
Promoter holding
64.31%+0.00% QoQ
FII holding
1.73%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Sharda Motor Industries Annual General Meeting

Sharda Motor Industries Ltd held its 41st Annual General Meeting on September 24, 2026, where shareholders considered financial statements, dividends, and director re-appointments.