BSE:535602

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Sharda Motor Industries

Executive Summary

Sharda Motor Industries Limited manufactures, assembles, and sells auto components and white goods components in India.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

How has Sharda Motor Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 535602's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

16.6%

535602

4.5%

IN Auto Components

0.2%

IN Market


1 Year Return

1.7%

535602

7.7%

IN Auto Components

3.3%

IN Market

Return vs Industry: 535602 underperformed the Indian Auto Components industry which returned 10.2% over the past year.

Return vs Market: 535602 underperformed the Indian Market which returned 4.3% over the past year.


Shareholder returns

535602IndustryMarket
7 Day16.6%4.5%0.2%
30 Day20.9%10.1%6.0%
90 Day55.6%34.3%22.4%
1 Year35.6%1.7%8.9%7.7%5.2%3.3%
3 Year-51.4%-63.9%-25.7%-27.9%3.2%-1.7%
5 Year33.6%-2.4%-3.9%-7.9%33.2%23.2%

Price Volatility Vs. Market

How volatile is Sharda Motor Industries's share price compared to the market and industry in the last 5 years?


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Valuation

Is Sharda Motor Industries undervalued compared to its fair value and its price relative to the market?

11.12x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 535602's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 535602's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 535602 is good value based on its PE Ratio (11.1x) compared to the IN Auto Components industry average (23.7x).

PE vs Market: 535602 is good value based on its PE Ratio (11.1x) compared to the Indian market (14.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 535602's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 535602 is overvalued based on its PB Ratio (1.6x) compared to the IN Auto Components industry average (1.2x).


Next Steps

Future Growth

How is Sharda Motor Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

47.2%

Forecasted Automobiles industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sharda Motor Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Sharda Motor Industries performed over the past 5 years?

17.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 535602 has a high level of non-cash earnings.

Growing Profit Margin: 535602's current net profit margins (6.1%) are lower than last year (8.3%).


Past Earnings Growth Analysis

Earnings Trend: 535602's earnings have grown by 17.4% per year over the past 5 years.

Accelerating Growth: 535602's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 535602 had negative earnings growth (-44.6%) over the past year, making it difficult to compare to the Auto Components industry average (-48.3%).


Return on Equity

High ROE: 535602's Return on Equity (14.4%) is considered low.


Next Steps

Financial Health

How is Sharda Motor Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 535602's short term assets (₹4.0B) exceed its short term liabilities (₹2.4B).

Long Term Liabilities: 535602's short term assets (₹4.0B) exceed its long term liabilities (₹150.9M).


Debt to Equity History and Analysis

Debt Level: 535602 is debt free.

Reducing Debt: 535602 has no debt compared to 5 years ago when its debt to equity ratio was 70.2%.

Debt Coverage: 535602 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 535602 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Sharda Motor Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 535602's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 535602's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 535602's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 535602's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 535602 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 535602's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average board tenure


CEO

Aashim Relan (29 yo)

0.75

Tenure

Mr. Aashim Relan has been Chief Executive Officer at Sharda Motor Industries Limited since November 12, 2019. Mr. Relan served as the Chief Operating Officer of Sharda Motor Industries Limited until Novemb ...


Board Members

NamePositionTenureCompensationOwnership
Sharda Relan
Co-Chairperson4yrs₹48.83mno data
Ajay Relan
MD & Executive Director34.58yrs₹58.00m54.03%
₹ 3.1b
Nitin Vishnoi
Company Secretary & Executive Director0.92yr₹3.76m0.014%
₹ 794.4k
Rohit Relan
Non-Executive Non-Independent Director29.25yrs₹160.00k12.7%
₹ 739.8m
Kishan Parikh
Independent Co-Chairman4.5yrs₹440.00k0.0025%
₹ 146.8k
Udayan Banerjee
Non-Executive Independent Director1.5yrs₹100.00kno data
Ashok Bhattacharya
Non-Executive Independent Director10.83yrs₹320.00kno data
Satinder Lambah
Non-Executive Independent Director4.5yrs₹520.00kno data

4.5yrs

Average Tenure

69yo

Average Age

Experienced Board: 535602's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sharda Motor Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sharda Motor Industries Limited
  • Ticker: 535602
  • Exchange: BSE
  • Founded: 1986
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹5.824b
  • Shares outstanding: 5.95m
  • Website: https://www.shardamotor.com

Number of Employees


Location

  • Sharda Motor Industries Limited
  • D-188 Okhla Industrial Area
  • Phase - I
  • New Delhi
  • Delhi
  • 110020
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
535602BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2013
SHARDAMOTRNSEI (National Stock Exchange of India)YesEquity SharesININRMay 2013

Biography

Sharda Motor Industries Limited manufactures, assembles, and sells auto components and white goods components in India. It offers exhaust systems, catalytic converters, independent suspensions, seat frames ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 19:29
End of Day Share Price2020/08/14 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.