Sharda Motor Industries share price today

Sharda Motor Industries Ltd's share price was ₹865.00 at the close on 4 November 2026. It has been rising for 6 weeks. That is 2.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹736 and ₹1,115, and at that close it sat 34% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Sharda Motor Industries Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +1,003% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: lowest operating margin in 12 quarters, profit fell in the June 2026 quarter and revenue up on a year earlier for 7 quarters in a row.

1. Lowest operating margin in 12 quarters

   Operating margin was 10% in the June 2026 quarter, against 13% a year earlier.

   Why: Operating margin fell because a fire at a key customer's supplier disrupted output and the company paid extra for raw material during geopolitical trouble.

   Next results: check whether raw material price changes pass through without renewed premium buying or extra labour costs.

   From the earnings call on 11 Aug 2026.

2. Profit fell in the June 2026 quarter

   Profit was ₹87 crore, -13% on a year earlier (₹100 crore), after 2 quarters of growth.

   Why: Profit fell because a fire at a key customer's supplier disrupted output and the company paid extra for raw material during geopolitical trouble.

   From the earnings call on 11 Aug 2026.

3. Revenue up on a year earlier for 7 quarters in a row

   In the June 2026 quarter revenue was ₹1,011 crore, +33.7% on a year earlier.

   Why: Revenue rose because temperature control tubes, North American export programs and domestic carmaker volumes contributed.

   Next results: check whether the North American export programs move from testing to starting production on the revised customer dates.

   From the earnings call on 11 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Sharda Motor Industries reported revenue of ₹1,011 crore, up 33.7% from ₹756 crore a year earlier, and a profit of ₹87.0 crore, down 13.0% from ₹100 crore.

Sharda Motor Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Sharda Motor Industries' management discussed these results on a call held on 11 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Sharda Motor Industries closed at ₹865.00 on 4 November 2026, down 22.4% from ₹1,115.40 a year earlier (7 November 2025) and up 189.1% over five years. Its highest weekly close since March 2016 was ₹1,357.60 on 23 August 2024.

Sharda Motor Industries share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 10 March 2016 to 4 November 2026.

4 Nov 2026: Sharda Motor Industries closed at ₹865.00, up 7.1% on the week and down 7.0% on the month. 18 Sep 2026: ex-date for a dividend of ₹20 a share.

Earlier

• 11 Aug 2026: Sharda Motor Industries held its results call for April to June 2026. Management guided: FY27 growth contributors: full-year benefit of lightweighting orders, additional program ramp-ups, temperature-control tubes, North American export SOPs and domestic OEM volumes; Chakan utilization expected to rise as programs ramp.
• Results for April to June 2026: Revenue up 33.7% and profit down 13.0% on a year earlier.
• 4 Jul 2025: Bonus issue: 1 new share for every 1 held (ex-date).

Sharda Motor Industries paid ₹20 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 2.31% at the ₹865.00 close on 4 November 2026. The last was a dividend of ₹20 a share, ex-date 18 September 2026.

Sharda Motor Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Sharda Motor Industries Ltd paid out 33% of its profit as dividends in FY26, and it paid a dividend in 11 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 11 August 2026, Sharda Motor Industries' management guided: FY27 growth contributors: full-year benefit of lightweighting orders, additional program ramp-ups, temperature-control tubes, North American export SOPs and domestic OEM volumes; Chakan utilization expected to rise as programs ramp.

Ashwani Maheshwari, on the call for April to June 2026

What management guided

• North American engine and genset export programs: US$10.7 million combined annual value and US$58.5 million lifetime value; SOPs expected across October to December 2026-January to March 2027.
• Broader lightweighting portfolio assessed at ₹8,000-9,000 crore around 5 years from now; planned Sharda share mid-teen to high-teen percentage.
• Lightweighting market share expected to increase by financial-year end as current SOPs and order visibility convert; exact share to be provided then.
• Uttarakhand facility spending approximately ₹20 crore.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 11 August 2026.

When Sharda Motor Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Gross-profit conversion after July cost normalization - check whether pass-through remains back-to-back without renewed premium procurement or labour absorption.

Sharda Motor Industries is on 2 of our India lists: Breakout stocks and Dividend stocks.

Sharda Motor Industries Ltd earned ₹87.0 Cr of net profit in the Jun 2026 quarter, −13.0% on the same quarter a year earlier. Full-year FY26 profit was ₹345 Cr. Over 10 years profit has grown 26.5% a year on average. That is 8.6% of the quarter's revenue. The same quarter a year earlier earned ₹100 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹345 Cr (+9.5% on the year before).

Why profit moved: revenue changed +33.7% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −1.0% and revenue +25.4%. Profit is growing slower than sales: rising costs are taking part of the growth.

Sharda Motor Industries Ltd reported ₹1,011 Cr of revenue in the Jun 2026 quarter, +33.7% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 10 years it has grown 13.9% a year on average. The last full year, FY26, came in at ₹3,397 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹3,652 Cr.

FY26 revenue was ₹3,397 Cr, +19.7% on the year before.

Recent pace: the last four quarters grew +25.4% on average, against 13.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +25.6%, against +13.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −1.8%, against +1.7% a year (rolling over).

Sharda Motor Industries Ltd's operating margin was 10.0% in the Jun 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 7.0% and 14.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.8 percentage points on the year while gross margin changed −4.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 105% of Sharda Motor Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹363 Cr of operating cash against ₹345 Cr of profit. After ₹87.0 Cr of spending on assets, ₹276 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 105% of profit came in as cash: the cash cycle got 13 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Sharda Motor Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −30 days in FY26, down from −17 days in FY21. It spent ₹236 Cr on assets over the last 3 years. Customers take 39 days to pay, and stock sits for 40 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹3,397 Cr, each day of that cycle ties up about ₹9.3 Cr, so roughly −₹279 Cr is tied up in the business at any time.

FY26: customers took 39 days to pay and stock sat for 40 days, about 1.3 months of sales sitting as stock, for a full cycle of −30 days, shorter than FY21's −17.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 40 days. Customers pay about 39 days after that. Suppliers are paid at 109 days. Together that makes the −30-day cycle.

Spending on assets: ₹236 Cr over the last 3 years, against ₹174 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹14.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Sharda Motor Industries Ltd's P/E is 14.8×, in the middle of its own history: higher than 42% of past readings. Its usual P/E (the middle reading) is 15.6×, over 9.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹57.83.