Sharda Motor
879.70
-19.40(-2.16%)
Market Cap₹5,050.16 Cr
PE Ratio15.43
IndustryAutomobiles
Company Performance:
1D-2.16%
1M-9.78%
6M-17.34%
1Y-5.45%
5Y+305.37%
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More news about Sharda Motor
29Oct 25
Sharda Motor Industries Boosts Suspension Technology with Donghee Industries Partnership
Sharda Motor Industries Ltd (SMIL) has entered a technology license agreement with South Korea's Donghee Industries Co. Ltd. to enhance its suspension product portfolio. SMIL will gain access to Donghee's chassis and suspension technology for Control arms, Torsion beams, and Sub-frames. The partnership aims to address the growing demand for advanced suspension systems in India's SUV, electric, and premium luxury vehicle segments. This collaboration is expected to enable localization of critical suspension components for Indian OEMs, leveraging Donghee's global expertise and SMIL's manufacturing scale and OEM relationships.
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26Oct 25
Sharda Motor Industries Faces Rs 31.84 Lakh GST Penalty Over E-way Bill Discrepancy
Sharda Motor Industries Limited (SMIL) has been penalized Rs 31.84 lakhs by the Additional Commissioner Grade 2 (Appeal) Second (State Tax), Meerut, Uttar Pradesh, for an alleged discrepancy in E-way Bill 221963516737. The issue pertains to the non-generation of Part B of the E-way bill for the Financial Year 2025-26. SMIL plans to appeal the order, stating there's no material impact on its financial operations. The company has made a regulatory disclosure in compliance with SEBI regulations.
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08Oct 25
Sharda Motor's ₹609.2 Million Tax Demand Nullified Following Appellate Order
Sharda Motor Industries Limited (SMIL) has received a favorable appellate order from the Commissioner of Income-Tax (Appeals) -27, New Delhi, nullifying a ₹609.2 million tax demand for assessment years 2014-15 to 2017-18. The decision quashes assessment orders under section 143(3) read with section 147 of the Income Tax Act. Out of the original ₹1,501.2 million demand for AY 2014-15 to 2024-25, ₹609.2 million has been nullified. Appeals for six more assessment years are still pending. SMIL plans to engage with the Assessing Officer to implement the appeal effect order.
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18Aug 25
Sharda Motor Industries Reports 10% Revenue Growth to ₹756.2 Crores in Q1
Sharda Motor, an auto component manufacturer, reported a 10% year-over-year revenue growth to ₹756.2 crores in Q1. Profit after tax increased to ₹99.9 crores, boosted by an exceptional gain. EBITDA grew by 3% to ₹98.4 crores. The company commenced operations at a new suspension plant and appointed Ashwani Maheshwari as Deputy Managing Director. Sharda Motor added two new export customers and filed two new patents, bringing their total to 15. The company is exploring M&A opportunities in powertrain agnostic areas and focusing on light-weighting technologies.
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11Aug 25
Sharda Motor Industries Reports 10% Revenue Growth in Q1
Sharda Motor Industries Limited (SMIL) reported robust Q1 results with revenue up 10% to ₹756.20 crores, EBITDA growing 3% to ₹98.40 crores, and PAT surging 30% to ₹99.90 crores year-over-year. The company holds a 30% market share in passenger and light commercial vehicle exhaust systems and 12.5% in control arms. SMIL operates through three verticals: Emission Control, Lightweighting, and Global Business, with eight manufacturing facilities across India. The company has filed 15 patents in the last three years, demonstrating its commitment to innovation in the automotive component sector.
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21Jun 25
Sharda Motor Industries Secures Factory License for New Maharashtra Plant
Sharda Motor has obtained a factory license from the Directorate of Industrial Safety and Health in Maharashtra for a new manufacturing facility. The company plans to start commercial production at this plant by June 23, 2025. This expansion is expected to increase production capacity, diversify geographic presence, and potentially introduce new product lines in the automotive components sector.
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Sharda Motor
879.70
-19.40
(-2.16%)
1 Year Returns:-5.45%
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