Key Financial Figures - Consolidated Q1 FY27

  • Revenue from Operations: ₹1,011.1 crore (up 34% YoY from ₹756.2 crore in Q1 FY26)
  • Gross Profit: ₹203.9 crore (up 8% YoY)
  • Gross Profit Margin: 20.2% (down from 25.1% in Q1 FY26)
  • EBITDA: ₹103.2 crore (up 5% YoY)
  • EBITDA Margin: 10.2% (down from 13.0% in Q1 FY26)
  • Profit After Tax: ₹86.5 crore (down 13% YoY from ₹99.9 crore)
  • PAT Margin: 8.6% (down from 13.2% in Q1 FY26)
  • EPS: ₹15.1 (down from ₹17.4 in Q1 FY26)
  • Other Income: ₹27.1 crore
  • Finance Cost: ₹1.2 crore

Business Overview

Sharda Motor Industries Limited operates in three main business verticals:

1. Emission Business Vertical: ~30% value market share in India for passenger vehicle & LCV segment

2. Lightweighting Business Vertical: ~14% value market share for control arms & links in India

3. Global Business Vertical: Focused on exports to Europe and USA markets

Manufacturing and R&D Capabilities

  • State-of-the-art manufacturing facilities across key automotive hubs in India
  • R&D facility at Chennai established in 2002 (emission systems) and 2010 (emission control systems)
  • Design & Development Centre at Namyang, South Korea established in 2011
  • 125+ trained engineers for Design, CFD, FEA & Acoustics
  • IATF 16949-2016 Certification
  • Backward integrated manufacturing with tube mills and stamping facilities
  • Filed 24 patents with 4 granted over last 4 years

Strategic Developments

  • Technology Licensing Agreement signed with Donghee Industrial Co. Ltd., Republic of Korea for lightweighting portfolio
  • Agreement aims to add new products (subframes and torsion beam) and increase content per vehicle from ₹2K-8K to ₹6K-18K
  • Donghee Industrial is a $2 billion revenue company with 17 plants & 6 R&D centers globally

Market Opportunities Identified

  • Lightweighting trend driven by CAFÉ III norms (CO2 targets tightening from ~94.76 gCO/km in 2027-28 to ~78.9 gCO/km in 2031-32)
  • China + 1 theme creating export opportunities to Europe and USA
  • BS7 introduction expected to increase content and lead to market consolidation
  • Localization drive due to geopolitical situations and government incentives

Future Growth Areas

  • Scaling up Lightweighting Business Vertical through market share increase and new product addition
  • Growing export revenue focusing on Europe and USA markets for CV emission components, temperature controlled tubes, heat shields, genset and tractor emission systems
  • Capturing domestic market opportunities from BS7 implementation and adjacent products
  • M&A in powertrain agnostic products and entry into adjacent markets (drones, robotics, AI data centers)

Management Structure

Board of Directors:

  • Mr. Kishan Parikh - Chairman, Non-Executive Non-Independent Director
  • Mr. Ajay Relan - Managing Director
  • Mr. Nitin Vishnoi - Executive Director and Company Secretary
  • Mr. Navin Paul - Independent Non-Executive Director
  • Dr. Sarita Dhuper - Independent Non-Executive Director
  • Mr. Udayan Banerjee - Independent Non-Executive Director

Senior Management Team includes experienced professionals across operations, global business, HR, manufacturing, finance, and sales.

Financial Position (as of March 31, 2026)

Consolidated Balance Sheet:

  • Total Equity: ₹1,313.0 crore
  • Total Assets: ₹2,215.1 crore
  • Current Assets: ₹1,662.2 crore (including inventories ₹282.4 crore, trade receivables ₹362.3 crore, cash ₹91.6 crore)
  • Investments: ₹896.0 crore

Cash Flow (FY26):

  • Cash from Operating Activities: ₹362.9 crore
  • Cash from Investing Activities: -₹370.1 crore
  • Cash from Financing Activities: -₹100.0 crore

Segment Revenue Split (FY26)

  • Passenger Vehicles: 52%
  • Commercial Vehicles: 44%
  • Others: 4%

CSR Initiatives

Sharda Unnati CSR Programmes include:

  • Environmental sustainability through tree plantation drives
  • Infrastructure development and education support for underprivileged schools
  • Blood donation camps in partnership with local hospitals
  • Sharda Medicare supporting community health through clinics, ambulance services, and health checkup camps