# Sharda Motor Industries share price today (Sharda Motor Industries Ltd, NSE: SHARDAMOTR)

> Sharda Motor Industries share price today: ₹856.40 at the NSE close on 3 November 2026, down 17.2% in a year. Sharda Motor Industries (NSE: SHARDAMOTR) is worth ₹4,918 crore, trades at a P/E of 14.6 and has closed between ₹736.10 and ₹1,115.40 over the past 52 weeks. > Sharda Motor Industries Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SHARDAMOTR · Auto Ancillaries - Diversified · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/sharda-motor-industries-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹856.40 (−17.2% in a year)
- P/E: 14.6× (lower than 59% of the last 9.2 years)
- Revenue (Jun 2026): ₹1,011 Cr (+33.7% on a year ago)
- Profit (Jun 2026): ₹87.0 Cr (−13.0% on a year ago)
- Operating margin: 10.0% (−3.0 points on a year ago)
- ROCE: 34%, FY26
- ROIC: 72.0%, against a 12.0% cost of capital: +60.0 points

The main question: yearly earnings per share moved +9.7% while the share price moved −17.2%. ## What is the Sharda Motor Industries share price today? Sharda Motor Industries Ltd's share price was ₹856.40 at the close on 3 November 2026. It has been rising for 6 weeks. That is 3.9% 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 32% of the way up from that low. 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 +992% 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. ## What changed at Sharda Motor Industries this quarter? 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. ## What are Sharda Motor Industries' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,011 crore | ₹756 crore | +33.7% |
| Profit | ₹87.0 crore | ₹100 crore | −13.0% |
| Earnings per share | ₹15.07 | ₹17.41 | −13.4% |
| Operating margin | 10.0% | 13.0% | −3.0 points |

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.)

## What is the Sharda Motor Industries share price history? Sharda Motor Industries closed at ₹856.40 on 3 November 2026, down 17.2% from ₹1,034.00 a year earlier (31 October 2025) and up 186.2% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹812.75 | +5.4% |
| 1 month ago · 1 Oct 2026 | ₹930.55 | −8.0% |
| 6 months ago · 30 Apr 2026 | ₹863.75 | −0.9% |
| 1 year ago · 31 Oct 2025 | ₹1,034.00 | −17.2% |
| 3 years ago · 3 Nov 2023 | ₹486.68 | +76.0% |
| 5 years ago · 4 Nov 2021 | ₹299.23 | +186.2% |
| 10 years ago · 4 Nov 2016 | ₹118.08 | +625.3% |
| Earliest weekly close in our records · 10 Mar 2016 | ₹78.42 | +992.1% |
| Highest weekly close since March 2016 · 23 Aug 2024 | ₹1,357.60 | −36.9% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹55.23 | +1,450.6% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹1,115.40 | −23.2% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹736.10 | +16.3% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 10 March 2016 to 3 November 2026.)

## What is the latest news on Sharda Motor Industries? 3 Nov 2026: Sharda Motor Industries closed at ₹856.40, up 5.4% on the week and down 8.0% 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). ## What dividend does Sharda Motor Industries pay? Sharda Motor Industries paid ₹20 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 2.34% at the ₹856.40 close on 3 November 2026. The last was a dividend of ₹20 a share, ex-date 18 September 2026. ### Sharda Motor Industries dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 18 Sep 2026 | ₹20 | Dividend |
| 13 Jun 2025 | ₹32.50 | Dividend |
| 19 Sep 2024 | ₹9.92 | Dividend |
| 18 Sep 2023 | ₹17.27 | Dividend |
| 12 Sep 2022 | ₹8.15 | Dividend |
| 18 Aug 2021 | ₹2.63 | Dividend |

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. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Sharda Motor Industries management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/5707/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 11 August 2026.)

## What to watch in Sharda Motor Industries' next results? 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. - What to check (from the call)
- Gross-profit conversion after July cost normalization - check whether pass-through remains back-to-back without renewed premium procurement or labour absorption. - North American export programs - check sampling, validation, SOP commencement and ramp-up against revised customer schedules. - Control-arm/link ramp and Donghee RFQ conversion - check movement from technical discussions into orders and lightweighting utilization. - Uttarakhand implementation - check customer relocation progress against the implementation plan. ## Which stock lists is Sharda Motor Industries on? Sharda Motor Industries is on 2 of our India lists: Breakout stocks and Dividend stocks. - [Breakout stocks Breakout date: 9 October 2026](https://www.sectoralpha.in/breakout-stocks-india)
- [Dividend stocks Regular dividend yield (%): 2.41](https://www.sectoralpha.in/dividend-stocks-india)

## Is Sharda Motor Industries profitable? 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. 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. ## How much revenue does Sharda Motor Industries make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Sharda Motor Industries keep? 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. 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. ## Is Sharda Motor Industries' profit turning into cash? 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. 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. ## Where does Sharda Motor Industries' cash go? 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. 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. ## What is Sharda Motor Industries' P/E ratio, and how does it compare with its own history? Sharda Motor Industries Ltd's P/E is 14.6×, in the middle of its own history: higher than 41% 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. 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. Why the multiple is where it is: over the past year earnings per share moved +9.7% while the price moved −17.2%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +23.4% a year; about +27.9% a year came from earnings growth and about −4.5 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Sharda Motor Industries business getting better or worse? Sharda Motor Industries Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE falling at 35.9%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Sharda Motor Industries earn on its capital? Sharda Motor Industries Ltd earned a ROCE of 34% in FY26. That is up from a low of 13% in FY12. Its return on capital used (ROIC) is 60.0 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 10.2% net margin and 1.53× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 10.2% net margin × 1.53× asset turnover × 1.69× leverage (assets divided by equity) ≈ 26.4% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 72.0% − 12.0% = +60.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 72.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 93.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Sharda Motor Industries have too much debt? Sharda Motor Industries Ltd has total debt of ₹49.0 Cr against shareholder equity of ₹1,313 Cr as of Jun 2026, so its debt is 0.04× its equity, which is very little. Year by year, that ratio went from 0.02 in FY22 to 0.04 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Sharda Motor Industries shareholding pattern? Domestic institutions raised their stake in Sharda Motor Industries Ltd by 1.3 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 12.7% of the company. Foreign institutions moved −0.8 points over the same period, to 1.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +1.3 points over 8 quarters, to 12.7%; Foreign institutions: −0.8 points over 8 quarters, to 1.5%; Promoters: +0.0 points over 8 quarters, to 64.3%. Why the owners changed: domestic institutions drove it (+1.3 points), with the other side taken by foreign institutions (−0.8 points). They raised their stake step by step. ## How far is Sharda Motor Industries from balance-sheet trouble? For Sharda Motor Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Sharda Motor Industries rank in its industry? 46.3 out of 100, rank 16 of 21 in Auto Ancillaries - Diversified, with 96% of the evidence available. Sharda Motor Industries Ltd scores 46.3 out of 100 against the 21 companies it is compared with in Auto Ancillaries - Diversified, ranking 16. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 10 + 18.4 + 9.1 + 8.8 = 46.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Sharda Motor Industries compared with? Sharda Motor Industries ranks 16 of 21 Auto Ancillaries - Diversified companies on the 4-Factor Sector Score, with 46.3 out of 100. 1. [Lumax Auto Technologies Ltd](https://www.sectoralpha.in/stocks/lumax-auto-technologies-ltd) LUMAXTECH · breaking out · Most evidence points up · 100% evidence 76.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 32.9% · Profit 57.5% · Operating margin change 0 points · 100% evidence Capital efficiency 19.2/25 · ROCE 21.2% · Operating margin 13% · 100% evidence Valuation 11.1/20 · P/E 37.2× · PEG 0.75 · 100% evidence Relative strength 18.8/20 · Lead over its industry 14.3% · Lead over NIFTY 500 27.5% · 1 year 79.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 19.2 + 11.1 + 18.8 = 76.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [S J S Enterprises Ltd](https://www.sectoralpha.in/stocks/s-j-s-enterprises-ltd) SJS · losing its lead · Most evidence points up · 96% evidence 71.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.0/35 · Revenue 28.6% · Profit 67.5% · Operating margin change 2 points · 88% evidence Capital efficiency 22.0/25 · ROCE 28.6% · Operating margin 29% · 100% evidence Valuation 12.1/20 · P/E 35.1× · PEG 0.89 · 100% evidence Relative strength 8.7/20 · Lead over its industry 0.6% · Lead over NIFTY 500 11.7% · 1 year 28.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 29 + 22 + 12.1 + 8.7 = 71.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [OBSC Perfection Ltd](https://www.sectoralpha.in/stocks/obsc-perfection-ltd) OBSCP · leader · Most evidence points up · 75% evidence 65.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 82.9% · Profit 100% · Operating margin change -1 points · 95% evidence Capital efficiency 16.8/25 · ROCE 19.5% · Operating margin 17% · 76% evidence Valuation 9.0/20 · P/E 55.2× · PEG n/a · 15% evidence Relative strength 18.9/20 · Lead over its industry 58.5% · Lead over NIFTY 500 70.6% · 1 year 162.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 16.8 + 9 + 18.9 = 65.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Sansera Engineering Ltd](https://www.sectoralpha.in/stocks/sansera-engineering-ltd) SANSERA · leader · Evidence leans up · 96% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Revenue 23.5% · Profit 52.2% · Operating margin change 2 points · 88% evidence Capital efficiency 11.6/25 · ROCE 14.5% · Operating margin 19% · 100% evidence Valuation 6.9/20 · P/E 68.9× · PEG 1.29 · 100% evidence Relative strength 18.6/20 · Lead over its industry 43.4% · Lead over NIFTY 500 56.1% · 1 year 171.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.7 + 11.6 + 6.9 + 18.6 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Carraro India Ltd](https://www.sectoralpha.in/stocks/carraro-india-ltd) CARRARO · quiet · Evidence leans up · 89% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 26.3% · Profit 47.8% · Operating margin change -2 points · 88% evidence Capital efficiency 18.4/25 · ROCE 29.3% · Operating margin 8% · 100% evidence Valuation 15.6/20 · P/E 19.5× · PEG 0.42 · 65% evidence Relative strength 3.9/20 · Lead over its industry -15.6% · Lead over NIFTY 500 -5% · 1 year -8.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.6 + 18.4 + 15.6 + 3.9 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Jay Bharat Maruti Ltd](https://www.sectoralpha.in/stocks/jay-bharat-maruti-ltd) JAYBARMARU · quiet · Evidence leans up · 96% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.1/35 · Revenue 13.3% · Profit 100% · Operating margin change -2 points · 88% evidence Capital efficiency 12.5/25 · ROCE 16.6% · Operating margin 10% · 100% evidence Valuation 19.4/20 · P/E 9× · PEG 0.39 · 100% evidence Relative strength 6.3/20 · Lead over its industry -3.1% · Lead over NIFTY 500 7% · 1 year 27.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 22.1 + 12.5 + 19.4 + 6.3 = 60.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Craftsman Automation Ltd](https://www.sectoralpha.in/stocks/craftsman-automation-ltd) CRAFTSMAN · leader · Evidence leans up · 82% evidence 59.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 35.9% · Profit 100% · Operating margin change -2 points · 95% evidence Capital efficiency 11.8/25 · ROCE 13.9% · Operating margin 13% · 76% evidence Valuation 7.1/20 · P/E 50.6× · PEG n/a · 50% evidence Relative strength 15.7/20 · Lead over its industry 12.6% · Lead over NIFTY 500 24.7% · 1 year 53.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.5 + 11.8 + 7.1 + 15.7 = 59.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Bosch Ltd](https://www.sectoralpha.in/stocks/bosch-ltd) BOSCHLTD · leader · Evidence leans up · 78% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 13.6% · Profit -11.4% · Operating margin change 1 points · 83% evidence Capital efficiency 17.7/25 · ROCE 21.5% · Operating margin 14% · 76% evidence Valuation 6.0/20 · P/E 58.9× · PEG n/a · 50% evidence Relative strength 18.0/20 · Lead over its industry 13.3% · Lead over NIFTY 500 26.1% · 1 year 26.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15.9 + 17.7 + 6 + 18 = 57.6 · What this means: Relative strength against the index is 26.1%, and revenue and profit growth are weak. 9. [Minda Corporation Ltd](https://www.sectoralpha.in/stocks/minda-corporation-ltd) MINDACORP · quiet · Evidence leans up · 81% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 26.6% · Profit 94.9% · Operating margin change 0 points · 88% evidence Capital efficiency 9.7/25 · ROCE 12.7% · Operating margin 11% · 100% evidence Valuation 8.4/20 · P/E 37.5× · PEG 1.58 · 100% evidence Relative strength 11.0/20 · Lead over its industry n/a · Lead over NIFTY 500 9% · 1 year 12.2% · 25% evidence · 7 of 12 weeks ahead Exact sum: 27.1 + 9.7 + 8.4 + 11 = 56.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Suprajit Engineering Ltd](https://www.sectoralpha.in/stocks/suprajit-engineering-ltd) SUPRAJIT · losing its lead · Evidence leans up · 81% evidence 55.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Revenue 18.4% · Profit 73.2% · Operating margin change 3 points · 88% evidence Capital efficiency 12.6/25 · ROCE 15.5% · Operating margin 12% · 100% evidence Valuation 5.1/20 · P/E 34.6× · PEG 5.51 · 100% evidence Relative strength 10.9/20 · Lead over its industry n/a · Lead over NIFTY 500 8.3% · 1 year 6.1% · 25% evidence · 7 of 12 weeks ahead Exact sum: 26.6 + 12.6 + 5.1 + 10.9 = 55.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Varroc Engineering Ltd](https://www.sectoralpha.in/stocks/varroc-engineering-ltd) VARROC · leader · Evidence leans up · 81% evidence 52.6 out of 100 Growth Capital Valuation Relative
12. [Automobile Corporation Of Goa Ltd](https://www.sectoralpha.in/stocks/automobile-corporation-of-goa-ltd) ACGL · quiet · Evidence leans up · 85% evidence 51.6 out of 100 Growth Capital Valuation Relative
13. [Samvardhana Motherson International Ltd](https://www.sectoralpha.in/stocks/samvardhana-motherson-international-ltd) MOTHERSON · leader · Evidence leans down · 96% evidence 48.7 out of 100 Growth Capital Valuation Relative
14. [Munjal Auto Industries Ltd](https://www.sectoralpha.in/stocks/munjal-auto-industries-ltd) MUNJALAU · losing its lead · Evidence leans down · 78% evidence 47.8 out of 100 Growth Capital Valuation Relative
15. [Motherson Sumi Wiring India Ltd](https://www.sectoralpha.in/stocks/motherson-sumi-wiring-india-ltd) MSUMI · basing · Evidence leans down · 100% evidence 47.1 out of 100 Growth Capital Valuation Relative
16. Sharda Motor Industries Ltd this page SHARDAMOTR · losing its lead · Evidence leans down · 96% evidence 46.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.0/35 · Revenue 25.6% · Profit -1.8% · Operating margin change -3 points · 88% evidence Capital efficiency 18.4/25 · ROCE 34.5% · Operating margin 10% · 100% evidence Valuation 9.1/20 · P/E 13.8× · PEG 2.75 · 100% evidence Relative strength 8.8/20 · Lead over its industry -14.9% · Lead over NIFTY 500 -4.1% · 1 year -21.9% · 100% evidence · 7 of 12 weeks ahead Exact sum: 10 + 18.4 + 9.1 + 8.8 = 46.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 17. [NDR Auto Components Ltd](https://www.sectoralpha.in/stocks/ndr-auto-components-ltd) NDRAUTO · quiet · Evidence leans down · 96% evidence 45.9 out of 100 Growth Capital Valuation Relative
18. [Endurance Technologies Ltd](https://www.sectoralpha.in/stocks/endurance-technologies-ltd) ENDURANCE · quiet · Evidence leans down · 96% evidence 43.9 out of 100 Growth Capital Valuation Relative
19. [ZF Commercial Vehicle Control System India Ltd](https://www.sectoralpha.in/stocks/zf-commercial-vehicle-control-system-india-ltd) ZFCVINDIA · quiet · Evidence leans down · 96% evidence 36.7 out of 100 Growth Capital Valuation Relative
20. [Mercury EV-Tech Ltd](https://www.sectoralpha.in/stocks/mercury-ev-tech-ltd) MERCURYEV · quiet · Most evidence points down · 68% evidence 31.1 out of 100 Growth Capital Valuation Relative
21. [Precision Camshafts Ltd](https://www.sectoralpha.in/stocks/precision-camshafts-ltd) PRECAM · quiet · Most evidence points down · 81% evidence 25.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Auto Ancillaries - Diversified](https://www.sectoralpha.in/sectors/auto-ancillaries-diversified), all 21 compared on one page. ## Which companies are close to Sharda Motor Industries in size? Sharda Motor Industries is the 13th largest of 21 Auto Ancillaries - Diversified companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Varroc Engineering, S J S Enterprises and Suprajit Engineering. Just below it: Carraro India, OBSC Perfection and NDR Auto Components. ### Auto Ancillaries - Diversified companies close in size

1. [Varroc Engineering Ltd](https://www.sectoralpha.in/stocks/varroc-engineering-ltd) ₹11,706 crore
2. [S J S Enterprises Ltd](https://www.sectoralpha.in/stocks/s-j-s-enterprises-ltd) ₹6,694 crore
3. [Suprajit Engineering Ltd](https://www.sectoralpha.in/stocks/suprajit-engineering-ltd) ₹6,502 crore
4. Sharda Motor Industries Ltd ₹4,640 crore
5. [Carraro India Ltd](https://www.sectoralpha.in/stocks/carraro-india-ltd) ₹2,721 crore
6. [OBSC Perfection Ltd](https://www.sectoralpha.in/stocks/obsc-perfection-ltd) ₹2,115 crore
7. [NDR Auto Components Ltd](https://www.sectoralpha.in/stocks/ndr-auto-components-ltd) ₹1,535 crore

[All 21 Auto Ancillaries - Diversified companies, largest first](https://www.sectoralpha.in/sectors/auto-ancillaries-diversified#all-companies)

### Companies close in size in other industries

1. [Lumax Industries Ltd](https://www.sectoralpha.in/stocks/lumax-industries-ltd) ₹4,645 crore · Auto Ancillaries - Head lamps lights
2. [Artemis Medicare Services Ltd](https://www.sectoralpha.in/stocks/artemis-medicare-services-ltd) ₹4,642 crore · Hospitals
3. Sharda Motor Industries Ltd ₹4,640 crore
4. [TVS Supply Chain Solutions Ltd](https://www.sectoralpha.in/stocks/tvs-supply-chain-solutions-ltd) ₹4,619 crore · Logistics - Warehousing/Supply Chain
5. [Gokaldas Exports Ltd](https://www.sectoralpha.in/stocks/gokaldas-exports-ltd) ₹4,611 crore · Textiles - Readymade Apparel

## What else do people ask about Sharda Motor Industries? ### What is Sharda Motor Industries's share price today? Sharda Motor Industries Ltd's share price is ₹856.40, −17.2% over the past year. The whole company is worth ₹4,918 Cr on the market. In the last 52 weeks it traded between ₹736 to ₹1,115; today it is 32% of the way up from the low, 3.9% below its 200-day average (as of 3 November 2026). ### What were Sharda Motor Industries's latest quarterly results? Sharda Motor Industries Ltd reported revenue of ₹1,011 Cr and net profit of ₹87.0 Cr for the Jun 2026 quarter. Revenue rose 33.7% and profit fell 13.0% compared with a year earlier. Earnings per share were ₹15.07. The operating margin was 10.0%, 3.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Sharda Motor Industries's market cap? Sharda Motor Industries Ltd's market capitalisation is ₹4,918 Cr at a share price of ₹856.40. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Sharda Motor Industries performing? Sharda Motor Industries Ltd's share price has been rising for 6 weeks. In its latest quarter, revenue rose 33.7% and profit fell 13.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will Sharda Motor Industries's share price go up? This page does not forecast Sharda Motor Industries Ltd's share price. What it shows instead: the share price is ₹856.40, and it has been rising for 6 weeks. Its P/E of 14.6× is higher than 41% of its own last 9 years (as of 3 November 2026). ### Where is Sharda Motor Industries in its business cycle? Sharda Motor Industries Ltd's FY26 operating margin was 12.0%, against a 13-year range of 7.0% to 14.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 10.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Sharda Motor Industries story? The main question: yearly earnings per share moved +9.7% while the share price moved −17.2%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Sharda Motor Industries a stock worth studying right now? What the numbers show: Sharda Motor Industries Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Sharda Motor Industries share price forecast for 2026? What management itself 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. ## Lists

- Breakout stocks: https://www.sectoralpha.in/breakout-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india

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