Sharda Motor Industries Limited has informed the Exchange about Investor Presentation
SMIL: BSE/NSE: 23-24/1011
10th November, 2023
BSE Limited
National Stock Exchange of India Limited
Department of Corporate Services
Exchange Plaza, 5th Floor
Pheroze Jeejeebhoy Towers
Plot No. C/1, G Block
Dalal Street, Mumbai - 400 001
Bandra - Kurla Complex, Mumbai - 400 051
(SCRIP CODE - 535602)
(Symbol - SHARDAMOTR) (Series - EQ)
Sub: Announcement under regulation 30 of SEBI (Listing Obligations and Disclosure
Requirement) Regulations, 2015
Ref: Submission of Investors Presentation on the Operational & financial performance for quarter ended 30th September, 2023
Dear Sir / Madam,
Please find enclosed Investor Presentation with regard to the announcement of the unaudited Financial
Results (Standalone and Consolidated) of the Company for the quarter ended 30th September, 2023.
The said presentation is available on the website of the Company i.e. www.shardamotor.com
This is for your information and records please.
Thanking You,
Your’s Faithfully
Iti Goyal Asst. Company Secretary and Compliance Officer
Encl. as above
www.shardamotor.com
1
This presentation and the accompanying slides (the “Presentation”), has been prepared by Sharda Motor Industries Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences levels of activity, and its exposure to market risks, as well as other risks. The Company’s actual results, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.
2
3
Leading Auto-ancillary Company with Global Aspirations
▪ Offers highly engineered products and services commencing from emission to
suspension systems, roof systems & supply chain management solutions.
▪ Strong market share and healthy long-term relationships with OEMs ▪ Significant potential growth trajectory.
Emission Control (Exhaust System)
Suspension & Stampings
Roof System
Supply Chain Management
Lithium Batteries for Electric Vehicles
* Note Purem International GmbH (Formally known as Eberspaecher Exhaust Technology International GmbH) Kinetic Green Energy & Power Solutions Limited
Foundation Founded in 1986, Sharda Motor has scaled to numerous highs in the automotive industry.
World class Manufacturing Infrastructure 10 Manufacturing units (including JV), 3 sales offices & 1 R&D center
Full Backward Integration Owns 2 Tube Mills & 3 Stamping Plants
Strategic Partnerships* • Purem (Formally known as Eberspaecher),
Germany (CV exhaust systems) • Kinetic Green, India (EV Battery) • Bestop Inc. USA (Roof Systems)
Sound Financials • Debt Free Company • Dun & Bradstreet 5A1 rating
Certified IATF 16949-2016
4
1987
IPO and listing on Delhi Stock Exchange
5
Presence in Pan India
Delhi
Haridwar
Sanand
Pune
Chennai
Exhaust System
Exhaust System – 2 plants
Suspension Assembly
Exhaust System
Tube Mill / R&D
Nashik
Haridwar
Delhi
Exhaust System Roof System Suspension Assembly
Exhaust System
Stamping of Parts & Fuel Tank
Corporate Office
Sanand
Nashik
Pune
Pune
Namyang
Joint Venture
Pune
Abroad
South Korea
Exhaust System – 2 Plants Lithium Battery (under consideration
Design & Development Centre at Namyang, South Korea
Chennai
‘State of Art’ manufacturing facilities across 7 locations in four states of India
10 manufacturing units (including JV) and 1 R&D center covering major part of the auto component(s) market
Supplies exceptional automotive components to leading vehicle and engine / genset manufacturers
Note – Maps not to scale. All data, information, and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness
6
Established R&D unit for exhaust system in 2002 and emission system 2010 at Mahindra World City, Chennai
A state of art facility to Design, Simulate, Testing and Prototype of exhaust system for PVs & CVs as well as non-automotive applications
R&D Centre has the full capabilities to cater to various emission norms ranging from BS6, BS6.2, TREM5, STAGE5, TIER4 & TIER5
100+ Trained and skilled engineers for Design, CFD, FEA & Acoustics
IATF 16949-2016 Certification
Chennai
Note – Maps not to scale. All data, information, and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness
7
Passenger Vehicle ranging 0.6L – 3L
Full Range of Stationery Engine
Full Range of Off-Road Vehicle
Medium & Heavy Commercial Vehicle ranging 2.5L – 8L
Full Range of Tractors Engines
TIMING Timing: Achievement of Achievement all milestones of all timing within the timelines milestones
COST Achievement of all cost targets
PROCESS STABILITY Method of mass production realized in prototype tooling
PROCESS Integration of new customer processes during the project
TESTING All component level testing done in- house
PTOTOTYPES Prototypes building in line with final production part & customer requirements
8
Responsibilities
Concept Design
CFD Analysis
Acoustic Simulation
Structural Analysis
Proto Build
Industrialization
Testing
SOP
Passenger Vehicle Engine
Small Commercial Vehicle Engine
Light Commercial Vehicle Engine
Medium Commercial Vehicle Engine
Heavy Commercial Vehicle
3 Wheeler Passenger / Load Carrier
Tractors and Off- road Vehicles
Yes
Has ability for testing up to 8L engine for Heavy Commercial Vehicle
9
Leading to increase in content per Vehicle
Legislation
Impact
Off-Road
CEV IV & V and TREM IV & V emission standards are for non road diesel engines used in construction equipment and agricultural tractors
CEV IV* (Apr’2021) TREM IV** (Jan’2023) CEV V* & TREM V** (Apr’2024)
On-Road
BS-VI RDE Norms (Real Driving Emissions) (April 2023)
BS-VI OBD-II (On-Board Diagnostics) (April 2023)
require cars to achieve emission Norms will targets even in real world conditions, as opposed to just a laboratory environment
for emission On-board diagnostic systems control shall have the capability of identifying the likely area of malfunction by means of fault codes stored in computer memory as per the procedure laid down in AIS 137 when that failure results in an increase in emission above the limits
• With applicability of new emission norms, the Off Highway Addressable Market will become equivalent or larger to the current commercial vehicle market
• With the new norms, our products will be required
for majority of the off highway segment
• We have already developed and validated export
product equivalent to TREM V norms
• With applicability of RDE norms from April 2023, the content per vehicle is expected to increase by 10-15%
• BS-VI OBD-II norms will enable to capture
additional organic growth
* CEV Stage IV and CEV Stage V – Applicable for Construction Equipment Vehicles & Other Off-Highway Equipment’s ** TREM IV and TREM V – Applicable for Agricultural Tractors (TREM V likely to be postponed by a year)
10
Operational efficiencies
• Sustainable growth in operating profits vs Cyclical auto industry
• Backward integration by producing in-house bought out parts
Technology – Key entry barrier
• Strategic technology partnership giving access to world class technology in emission
control system act as a key entry barrier for most of domestic suppliers
Improvement in Asset Efficiency
ability
• Projects in pipeline requiring only incremental CAPEX with high cash generation
• Capitalizing on Purem (Formally known as Eberspaecher) JV and implementation of
Revenue Expansion & Visibility
BS VI emission norms
• Foray into Electric Vehicle lithium battery manufacturing segment
• High margin export markets for subcomponents
Investment Capabilities
• Debt free with surplus cash above INR 658 crores as on 30th September 2023
• Monetizable properties in National Capital Region
11
Structural Advantage
Value Accretion
Complete Control
Leveraging of existing setup for new applications
Completely backward integrated with two tube mills and three stamping plants.
With manufacturing infrastructure already in place and no incremental setup cost, Export market for subcomponents offers higher margins and larger market opportunity
Over process and supply chain efficiencies, leading to cost optimization and gaining strategic advantage over competitors
Established expertise in manufacturing of subcomponents and exploring opportunities in export markets
12
Electric vehicle market is estimated to be a Rs. 50,000 crore opportunity in India by 2025.
India could be a leader in shared mobility by 2030, providing opportunities for electric vehicles
EV market in India is likely to increase at a CAGR of 36% until 2026
Projection for EV battery market is forecast to expand at a CAGR of 30%
Favorable incentives will boost Electric Vehicle sector
government
policies
and
l
i
s r e v i r D e c h e V c i r t c e l E
Getting Future Ready
De-Risking
Investment in Emerging Investment in Emerging Investment in Emerging Technologies Technologies Technologies
Partner with OEM that are already into production and sales of electric vehicles, assuring ready market and exchange of technology.
Entered JV with Kinetic Green Joint venturing Kinetic Green Entered JV with Kinetic Green for manufacturing of lithium for manufacturing of lithium for manufacturing of lithium batteries for electric vehicles batteries for electric vehicles batteries for electric vehicles
Provide an early mover Provide an early mover Provide an early mover advantage advantage advantage
Source: IBEF
13
Joint Venture Exhaust Systems
Purem* (Formally known as Eberspaecher) and Sharda Motor Industries Ltd. entered into a JV to manufacture commercial vehicle exhaust systems in India. Purem* (Formally known as Eberspaecher) brings in Global know-how for the local market.
Technical Collaboration
Entered a technical partnership with Bestop Inc. USA for manufacturing of roof systems
Joint Venture Lithium Battery Manufacturing
Kinetic Green^ and Sharda Motor Industries Ltd. entered into a JV for manufacturing of Lithium batteries along with BMS for Electric Vehicles – 2W, 3W and Stationary applications
&
&
&
* Purem International GmbH
^ Kinetic Green Energy & Power Solutions Limited
14
Indian Market Share of ~30%
Serving PV, CV and Off-road segment.
Catering to Domestic & International customers
Annual Production of ~1 million units
5 plants strategically located across India and present in all automotive hubs
2 tube mills producing stainless steel and aluminized steel tubes for exhaust systems
Catering to most of the OEM’s in PV segment
3 stamping plants managing all critical stamping in house
Technical partnership with Purem* (Formally known as Eberspaecher)
Most of manufacturing units strategically located close to customer location
From an idea to its manufacturing, Sharda Motor leads the market in this category
Passenger Vehicle
BS IV System
Passenger Vehicle Cold End System
Passenger Vehicle
BS IV System
Tractor Tier IV System
Commercial Vehicle
Muffler
Generator Muffler
Passenger Vehicle Muffler
Passenger Vehicle Resonator
Note – Maps not to scale. All data, information, and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness
15
Indian Market Share of ~10%
Annual Production of ~1.8 lakh units
2 manufacturing units
Concept, Design and Digitizing
Development, Project planning & Testing & Validation
Expertise in this arena with its world-class manufacturing processes
Arm Lower Control Comp RH 2WD
Front Suspension
Upper Arm Assy
Assy. Lower Link Complete RH
Front Axle Assy 4WD
Rear Suspension
16
Mr. Kishan Parikh Chairman, Independent Director
Holds Bachelor’s Degree in commerce and has 30+ years of experience in area of Business Management and managing Financial activities
Mrs. Sharda Relan Co-Chairperson
Holds Bachelor’s degree and is being associated with the Company since its inception. She has 34+ years of experience in area of overall management of Business activities.
Mr. Ajay Relan Managing Director
Dynamic entrepreneur contributing a vast experience in manufacturing automobile components, setting up of new projects and its successful implementation.
Mr. Nitin Vishnoi ED & Company Secretary
Has 29+ years of experience and expertise in Corporate Restructuring, Compliance Management and Corporate Governance
Mr. Ashok Kumar Bhattacharya Independent Director
He holds Bachelor’s degree from IIT, Kharagpur and PhD. from Cambridge. Has 40+ years of experience in Process Engineering.
Ms. Sarita Dhuper Independent Director
She holds MBBS degree along with Masters in Medicine and she is a Practitioner Doctor in USA. She has 35+ years of experience in the Medicine and related fields.
Mr. Udayan Banerjee Independent Director
Holds Masters Degree in Earth Science from IIT Kharagpur. He has 47+ years of experience with various Industries and reputed organizations.
17
Mr. Ajay Relan Managing Director
Responsible for overall manufacturing operations, Plant, Research & Development, Product Development and complete supervision of the Company
Mr. Aashim Relan Chief Executive Officer Graduated in Finance & Economics from Emory University, Atlanta & has various other business certifications. Responsible for managing the Supply Chain, Operations, Strategy & Innovations. Recognized as one the youngest business leaders in the country.
Mr. Puru Aggarwal President and Group CFO Qualified CA, CS & Cost Accountant, has a rich experience of 30+ years, including approx. 20 years as Country/Group CFO and has been on board of several companies. He has worked with various leading multinational companies and listed Indian entities including Teva Pharmaceuticals, Coca Cola India, EY, Vaibhav Global Ltd and Sandhar Technologies Limited
Mr. Nitin Vishnoi Executive Director and Company Secretary
Has 29+ years of experience and expertise in Corporate Restructuring, and Corporate Governance
Compliance Management
Mr. Deepak Bhaskar Chief People Officer MBA in HR from SIMS, Pune & Executive MBA in Business Management from MDI, Gurgaon. Has proven leadership experience across HR verticals, supported by strong achievements track record. Has served 22+ years in IAF in different capacities
Mr. Dnyanesh Dandekar Vice President Research And Development
B.E. Mechanical & M.E. Thermal Engineering from Govt. College of Engineering, Karad & Executive MBA from SPJIMR, Mumbai. Has 22+ years of experience in development of new products, new technologies as new features in existing products
Mr. Sriram Balaraman Vice President Research And Development Master of Engineering with 25+ years of product development experience in Automotive sector. Last stint with Ashok Leyland Ltd., as Group Head – Exhaust & After Treatment Systems (EATS). Has successfully launched EATS products for Trucks & Buses for BS3, BS4 & BS6 emission norms
18
21awqzs
21awqzs
21awqzs
Special Appreciation BS6 by Mahindra & Mahindra (2021)
Silver award in Business Alignment Category by Ashok Leyland (2021)
Silver award in Business Alignment Category by Ashok Leyland (2020-21)
Mahindra Supplier Excellence Award for Business Partner of the Year (2015)
Mahindra & Mahindra Annual Commodity Award (2014)
Cummins India ABO Supplier Conference Award for Best Continuous Improvement (2013)
Manufacturing Today Conference And Awards for Excellence in Technology (2013)
Hyundai Merit Award for BEST Hyundai Merit Award for BEST CO-OPERATION (2004) CO-OPERATION (2004)
Hyundai Merit Award for BEST CO-OPERATION (2005)
Hyundai Merit Award for BEST CO-OPERATION (2004)
Hyundai Appreciation Certificate (2004)
Hyundai 100 PPM Certificate for Outstanding Performance (2002)
1919
REVENUE
+9%
EBITDA
+31%
INR Crores
PAT*
+47%
698
654
763
99
80
76
68
55
55
Q2FY23
Q1FY24
Q2FY24
Q2FY23
Q1FY24
Q2FY24
Q2FY23
Q1FY24
Q2FY24
* Including Profit/(loss) in JV and Associates
2121
REVENUE
+7%
EBITDA
+23%
INR Crores
PAT
+35%
1,417
168
135
1,326
136
100
H1FY23
H1FY24
H1FY23
H1FY24
H1FY23
H1FY24
* Including Profit/(loss) in JV and Associates
2222
Particulars (Rs. Crores)
Revenue from Operations
Cost of Goods Sold
Gross Profit
Gross Profit Margin
Employee Cost
Other Expenses
EBITDA
EBITDA Margin
Other Income
Depreciation
EBIT
EBIT Margin
Finance Cost
Share in Profit/(loss) in JV and Associates
Profit before Tax
Tax
Profit After Tax
Profit After Tax Margin
Other Comprehensive Income
Total Comprehensive Income
EPS
Q2FY24
Q2FY23
762.7
588.8
173.8
22.8%
32.8
41.6
99.4
13.0%
18.8
12.9
105.4
13.8%
0.6
1.1
105.9
25.8
80.1
10.5%
0.2
80.3
26.9
698.0
556.8
141.1
20.2%
26.8
38.6
75.7
10.8%
8.6
10.7
73.6
10.5%
0.7
0.6
73.5
18.9
54.7
7.8%
0.2
54.8
18.4
YoY
9%
23%
31%
43%
44%
47%
46%
Q1FY24
654.1
517.3
136.8
20.9%
31.2
37.3
68.2
10.4%
18.4
12.2
74.5
11.4%
0.5
0.1
74.1
18.9
55.2
8.4%
0.2
55.4
18.6
QoQ
17%
27%
46%
42%
43%
45%
45%
H1FY24
1,416.8
1,106.1
310.6
21.9%
64.1
78.9
167.7
11.8%
37.2
25.1
179.8
12.7%
1.1
1.2
180.0
44.7
135.3
9.6%
0.4
135.8
45.5
H1FY23
1,325.8
1,063.3
262.5
19.9%
53.1
72.9
136.5
10.3%
16.8
19.6
133.6
10.1%
1.0
1.1
133.7
33.8
99.9
7.5%
0.3
100.2
33.6
INR Crores
YoY
7%
18%
23%
35%
35%
35%
35%
2323
Particulars (Rs. Crores)
Q2FY24
Q2FY23
Revenue from Operations
Cost of Goods Sold
Gross Profit
Gross Profit Margin
Employee Cost
Other Expenses
EBITDA
EBITDA Margin
Other Income
Depreciation
EBIT
EBIT Margin
Finance Cost
Profit before Tax
Tax
Profit After Tax
Profit After Tax Margin
Other Comprehensive Income
Total Comprehensive Income
EPS
762.7
588.8
173.8
22.8%
32.8
41.6
99.4
13.0%
18.8
12.9
105.4
13.8%
0.6
104.8
25.8
79.0
10.4%
0.2
79.2
26.6
698.0
556.8
141.1
20.2%
26.8
38.6
75.7
10.8%
8.6
10.7
73.6
10.5%
0.7
72.9
18.9
54.1
7.7%
0.2
54.2
18.2
YoY
9%
23%
31%
43%
44%
46%
46%
Q1FY24
654.1
517.3
136.8
20.9%
31.2
37.3
68.2
10.4%
18.4
12.2
74.5
11.4%
0.5
74.0
18.9
55.1
8.4%
0.2
55.3
18.5
QoQ
17%
27%
46%
42%
42%
43%
43%
H1FY24
1,416.8
1,106.1
310.6
21.9%
64.1
78.9
167.7
11.8%
37.2
25.1
179.8
12.7%
1.1
178.8
44.7
134.1
9.5%
0.4
134.5
45.1
H1FY23
1,325.8
1,063.3
262.5
19.9%
53.1
72.9
136.5
10.3%
16.8
19.6
133.6
10.1%
1.0
132.6
33.8
98.8
7.5%
0.3
99.1
33.2
INR Crores
YoY
7%
18%
23%
35%
35%
36%
36%
2424
Equity & Liabilities (Rs. Crores)
Sep-23
Mar-23
Assets (Rs. Crores)
Sep-23
Mar-23
INR Crores
Total Equity
Share Capital
Reserves & Surplus
Non-Current Liabilities
Lease
Other Financial Liabilities
Provisions
Current Liabilities
Financial Liabilities
Lease
Trade Payables
Other Financial Liabilities
Other Current Liabilities
Provisions
842.3
5.9
836.3
32.2
22.9
0.1
9.2
757.9
5.9
751.9
32.4
23.6
0.1
8.7
634.6
598.7
1.3
533.6
18.0
73.1
8.6
1.1
515.8
13.7
60.5
7.6
Total Equity & Liabilities
1,509.0
1,388.9
Non - Current Assets
Property Plant & Equipments
Capital Work In Progress
Right of Use Asset
Intangible assets
Financial Assets
Investment in JV and Associate
Other Investments
Other Financial Assets
Non Current Tax Assets
Other Non Current Assets
Deferred Tax Assets (net)
Current Assets
Inventories
Financial Assets
Investments
Trade receivables
Cash and cash equivalents
Bank balances other than cash & cash equivalents
Others Financial Assets
Other Current Assets
Total Assets
325.2
184.1
0.1
21.0
11.4
25.2
49.9
4.0
13.1
10.4
6.0
1,183.8
194.7
5.6
293.1
290.9
367.3
23.1
9.1
269.0
186.6
0.0
22.1
12.2
24.0
-
3.9
7.3
6.0
6.8
1,119.9
204.1
5.7
331.5
157.3
402.8
7.4
11.3
1,509.0
1,388.9
252525
Equity & Liabilities (Rs. Crores)
Total Equity
Share Capital
Reserves & Surplus
Non-Current Liabilities
Lease
Other Financial Liabilities
Provisions
Sep-23
865.0
5.9
859.1
32.2
22.9
0.1
9.2
Mar-23
781.8
5.9
775.9
32.4
23.6
0.1
8.7
Current Liabilities
634.6
598.7
Financial Liabilities
Lease
Trade Payables
Other Financial Liabilities
Other Current Liabilities
Provisions
1.3
533.6
18.0
73.1
8.6
1.1
515.8
13.7
60.5
7.6
Total Equity & Liabilities
1,531.8
1,412.9
Assets (Rs. Crores)
Non - Current Assets
Property Plant & Equipments
Capital Work In Progress
Right of Use Asset
Intangible assets
Financial Assets
Investment in JV and Associate
Other Investments
Other Financial Assets
Non Current Tax Assets
Other Non Current Assets
Deferred Tax Assets (net)
Current Assets
Inventories
Financial Assets
Investments
Trade receivables
Cash and cash equivalents
Bank balances other than cash & cash equivalents
Others Financial Assets
Other Current Assets
Total Assets
INR Crores
Sep-23
Mar-23
348.0
184.1
0.1
21.0
11.4
48.0
49.9
4.0
13.1
10.4
6.0
1,183.8
194.7
5.6
293.1
290.9
367.3
23.1
9.1
293.0
186.6
0.0
22.1
12.2
48.0
-
3.9
7.3
6.0
6.8
1,119.9
204.1
5.7
331.5
157.3
402.8
7.4
11.3
1,531.8
1,412.9
262626
Particulars (Rs. Crores)
Net Profit Before Tax
Adjustments for: Non -Cash Items / Other Investment or Financial Items
Operating profit before working capital changes
Changes in working capital
Cash generated from Operations
Direct taxes paid (net of refund)
Net Cash from Operating Activities
Net Cash from Investing Activities
Net Cash from Financing Activities
Net Decrease in Cash and Cash equivalents
Add: Cash & Cash equivalents at the beginning of the period
Effect of fair Value changes on Cash & Cash Equivalents (investment in Liquid Fund)
Cash & Cash equivalents at the end of the period
INR Crores
Standalone
Consolidated
H1 FY24
H1 FY23
H1 FY24
H1 FY23
178.8
-8.0
170.7
64.5
235.2
-49.9
185.4
-0.5
-52.8
132.1
157.3
1.5
290.9
132.6
7.4
140.0
58.6
198.7
-35.5
163.1
-78.0
-25.5
59.6
193.4
0.0
253.0
180.0
-9.2
170.7
64.5
235.2
-49.9
185.4
-0.5
-52.8
132.1
157.3
1.5
290.9
133.7
6.3
140.0
58.6
198.7
-35.5
163.1
-78.0
-25.5
59.6
193.4
0.0
253.0
2727
REVENUE
+188%
2,700
2,255
1,737
EBITDA
+120%
282
228
INR Crores
PAT^
+157%
208
149
938
863
128
129
96
81
67
52
FY19
FY20
FY21
FY22
FY23
FY19
FY20
FY21
FY22
FY23
FY19
FY20
FY21
FY22
FY23
* Consolidated Excluding Seating Business ^ Including Profit/(loss) in JV and Associates
2828
Particulars (Rs. Crores)
Sep-23 (TTM)
Interest Income on Cash (A)
EBIT (B)
Equity Capital (C)
Debt Capital (D)
Cash & Equivalents (E)
30.4
323.4
842.3
0.0
658.2
FY23
25.7
277.2
757.9
0.0
561.2
FY22
13.2
216.7
572.9
0.0
397.5
Adj. ROCE = (B-A) / (C+D-E)
159.2%
127.9%
116.0%
FY21
10.0
106.7
430.9
0.0
263.0
57.6%
* Consolidated Excluding Seating Business
INR Crores
FY19
4.8
113.3
409.4
0.0
141.4
FY20
5.5
79.4
364.6
0.0
146.3
33.9%
40.4%
2929
Tree Planting
Stop Plastic Pollution
1
Blood Donation Drive
Sharda Motor believes in the preservation of the environment. Our team of volunteers contributed their time, effort and sweat in making the environment better by planting trees and sapling of flowers.
Installed plastic bottle shredding machine at Jamshedpur district of Jharkhand.
Organized blood donation camps to help hospitals and blood banks to save precious lives.
Provided Ambulances under the Sharda CSR Foundation Trust in various cities to assist in their fight against Covid
3030
Company
Investor Relations Advisors
CIN: L74899DL 1986PLC023202
CIN: U74140MH2010PTC204285
Mr. Puru Aggarwal President and Group CFO
Mr. Jigar Kavaiya / Mr. Pratik Shah
COO-IR Practice / Business Analysis
011-47334100 puru.aggarwal@shardamotor.com
+91 9920602034 / +91 9870030585 jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net
www.shardamotor.com
www.sgapl.net
3131