SHARDAMOTRNSE23 August 2021

Sharda Motor Industries Limited has informed the Exchange about Investor Presentation

Sharda Motor Industries Limited

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MIL: BSE/NS

SE: 21-22/23

308

SE Limited

epartment of

f Corporate

Services

Natio

onal Stock E

of India Lim

Excha

ange Plaza, 5

Exchange o 5th Floor

August 23

3, 2021

ited

heroze Jeejee

ebhoy Towe

alal Street, M

Mumbai - 400

0 001

Plot N

No. C/1, G B

lock

Band

ra - Kurla Co

omplex, Mum

mbai - 400 0

051

(SC

CRIP CODE

- 535602)

(Sym

mbol - SHAR

RDAMOTR)

(Series - EQ

ub: Submiss

ion of - Inv

estors Prese

entation

ear Sir / Mad

am,

Ple

ease find e

nclosed Inv

vestor Prese

entation wit

h regard to

o the anno

uncement o

of the Un-a

audited

Fin

nancial Resu

lts (Standalo

one and Con

nsolidated) o

of the Compa

any for the q

quarter ende

ed June 30, 2

2021.

e said prese

entation is av

vailable on t

he website o

of the Comp

pany i.e. www

w.shardamot

tor.com

is is for your

r information

n and record

ds please.

hanking You

our’s Faithfu

ully

Div As Co

vyang Jain sst. Compan ompliance O

ny Secretary Officer

y &

e cl. as above

Sharda Motor Industries Limited Lets do great things together

Investor Presentation – August 2021

Safe Harbor

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sharda Motor Industries Limited (the “Company”), have been prepared 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 and its exposure to market risks, as well as other risks. The

Company’s actual results, levels of activity, 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

GROUP OVERVIEW

Sharda Motor at a Glance

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

• Aligned for long term growth – significant potential growth trajectory

Emission Control (Exhaust System)

Suspension & Stampings

Roof System

Supply Chain Management

Lithium Batteries for Electric Vehicles EV

1986 Founded in 1986, SMIL has scaled to numerous highs in the automotive industry.

World class Manufacturing Infrastructure

9 manufacturing units, 3 sales offices & 1 R&D center

* Note Eberspaecher Exhaust Technology International GmbH Kinetic Green Energy & Power Solutions Limited

Full Backward Integration

Owns 2 Tube Mills & 3 Stamping Plants

Strategic Partnerships* • Eberspaecher, Germany (CV

exhaust systems)

• Kinetic Green, India (EV Battery) • Bestop Inc. USA (Roof Systems)

Sound Financials • Debt Free Company • CRISIL AA-/Stable

rating

Certified

ISO 9001

Key Milestones

1986

1994

2002

2013

2018

2020

IPO and listing on Delhi Stock Exchange

Foray into Exhaust System business with a facility in Chennai & Agreement with Hyundai

Established R&D for Emission Control

Listing on NSE

Formed a Joint Venture (JV) with Germany based Eberspaecher*

Formed a Joint Venture (JV) with Kinetic Green for Lithium Battery manufacturing

Inception of Sharda Motor Industries

Launch of first large scale production plant & Entry into Seat Trim business

Ventured into Suspension Assembly business & established R&D unit for exhaust systems

Listing on BSE

Entered into technology collaboration with Bestop Inc. USA

1987

1998

2010

2015

2019

Approval of Scheme of Arrangement between the Company and NDR Auto Component Limited

2021

* Eberspaecher Exhaust Technology International GmbH

Manufacturing Infrastructure

SMIL Units • Sanand

• Exhaust System

• Nashik

• Suspension Assembly • Exhaust System

• Roof System

• Pune

• Exhaust System

• Suspension Assembly

• Chennai

• Tube Mill / R&D

• Exhaust System

• Delhi

• Corporate Office

• Haridwar

• Stamping of Parts, Fuel Tank & Exhaust System

Joint Venture Unit • Pune

• Exhaust System – 2 Plants •

Lithium Battery (under consideration)

• Namyang - Korea

• Design & Development Centre

Haridwar

Delhi

Sanand

Nashik

Pune

Design & Development Centre Namyang, Korea

Namyang

‘State of Art’ manufacturing facilities across 7

locations in four states of India

9 manufacturing units (incl. JV) and 1 R&D center

cover major part of the auto component market

Chennai

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

Research & Development

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 BS4, BS6, Tier 4 & Tier 5

100+ Trained and skilled engineers for CFD, FEA and Acoustics

ISO 9001 Certified

Mahindra World City

Note – Maps not to scale. All data, information, and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness

Our Experience of more than 3 Decades

Tractors – All Ranges

Timing: Achievement of all timing milestones

Medium & Heavy Commercial Vehicle ranging from 2.5L – 8L

Costs: Achievement of all cost targets

Off-road vehicle ranging from 2L – 4L

Passenger Vehicle ranging from 1L – 3L

Stationary engine ranging from 0.3L – 3.5L

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

Prototypes: PT Building in line with final production part and customer requirements

Our Technology Expertise

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

Legislation Tailwinds Leading to increase in content per Vehicle

Off-Road

Legislation

Impact

CEV IV* (April 2021)

TREM IV** (April 2022)

CEV V* & TREM V** (April 2024)

CEV IV & V and TREM IV & V emission standards are for non road diesel engines used in construction and agricultural equipment

• With applicability of new emission norms, the addressable market segment is expected to grow a CAGR of ~114% in next 5 years

• Content per equipment will increase by more than 100%

• We have already developed and validated export product

equivalent to TREM V norms

On-Road

BS-VI norms on RDE (Real Driving Emissions) (April 2023)

BS-VI OBD-II (On-Board Diagnostics) (April 2023)

Norms will require cars to achieve emission targets even in real world conditions, as opposed to just a laboratory environment

On-board diagnostic systems for emission 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

• RDE norms will result in addressable market CAGR of ~7%

over next 5 years

• 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 for the Construction Equipment Vehicles ** - TREM Stage-IV and TREM Stage-V for Agricultural Tractors and other Equipments

Growth Drivers

Operational efficiencies

▪ Sustainable growth in operating profits vs Cyclical auto industry

▪ Backward integration by producing in-house bought out parts

Technology – Key entry barrier

Improvement in Asset Efficiency

Revenue Expansion & Visibility

▪ Strategic technology partnership giving access to world class technology in emission control

system act as a key entry barrier for most of domestic suppliers

▪ Capacity utilization of approx. 80%

▪ Projects in pipeline requiring only incremental CAPEX with high cash generation ability

▪ Capitalizing on Eberspaecher JV and implementation of BS VI emission norms

▪ Foray into Electric Vehicle lithium battery manufacturing segment

▪ High margin export markets for subcomponents

Investment Capabilities

▪ Debt free with INR 263 crore surplus cash as on 30th June 2021

▪ Monetizable properties in National Capital Region

Backward Integration & Opportunities

Structural Advantage

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

Value Accretion

Complete control

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

Leveraging of existing setup for new applications

Future Ready

Electric vehicle market is estimated to be a

Rs. 50,000 crore opportunity in India by 2025.

Most of Indian consumers would consider buying an electric vehicle by the year 2022

The study also highlighted for an average Indian consumer, price point of Rs. 23 lakh

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 government policies and incentives will boost Electric Vehicle sector

Getting Future Ready

s r e v i r D e l c i h e V c i r t c e l E

De-Risking

Investment in Emerging technologies

Partner with OEM that are already

into production and sales of electric

vehicles, assuring ready market and

technology exchange.

•

Entered JV with Kinetic Green for

manufacturing of lithium

batteries for electric vehicles

Provide an early mover

advantage

Source: IBEF

Strategic Technology Partnerships – Key Entry Barrier

Eberspaecher and Sharda Motor Industries Ltd. entered

into a JV to manufacture commercial vehicle exhaust

systems in India. Eberspaecher brings in Global know-how

for the local market.

Technical Collaborations

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

Entered a technical partnership

with Bestop Inc. USA for

manufacturing of roof systems

Joint Venture – Exhaust Systems

* - Eberspaecher Exhaust Technology International GmbH

^ - Kinetic Green Energy & Power Solutions Limited

Exhaust Systems From an idea to its manufacturing, Sharda Motor leads the market in this category

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

Catering to most of the OEM’s in PV segment

3 stamping plants managing all critical stamping in house

2 tube mills producing stainless steel and aluminized steel tubes for exhaust systems

Technical partnership with Eberspaecher

Most of manufacturing units strategically located close to customer location

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

Suspension Systems Expertise in this arena with its world-class manufacturing processes

Indian Market Share of ~10%

Annual Production of ~1.5 lakh units

2 manufacturing units

Concept, Design and Digitizing

Development, Project planning & Testing & Validation

Arm Lower Control Comp RH 2WD

Front Suspension

Upper Arm Assy

Assy. Lower Link Complete RH

Front Axle Assy 4WD

Rear Suspension

Experienced Board of Directors

Mr. Kishan Parikh Chairman, Independent Director

Holds Bachelor’s Degree in commerce and has overall experience of more than 30 years in area of Business Management and managing Financial activities

Mr. Ashok Kumar Bhattacharya Independent Director

He holds Bachelor’s degree from IIT, Kharagpur and P.H.D from Cambridge. Has more than 40 years of experience including the in Process Engineering.

Mrs. Sharda Relan Co-Chairperson

Holds Bachelor’s degree and is being associated with the Company since its inception. She has an experience of more than 35 years in area overall management of Business activities.

Mr. Ajay Relan Managing Director

Dynamic entrepreneur having a vast experience manufacturing automobile components and setting up of new projects and its successful implementation. Responsible for overall operations, R&D, Product Development

Mr. Nitin Vishnoi ED & Company Secretary

Fellow member of ICSI and also holds a Bachelor’s degree in Commerce with Honours. Has more than 29 Years of overall work experience and expertise in the field of Corporate Restructuring, Compliance Management and Corporate Governance

Mr. Satinder Kumar Lambah Independent Director

Holds Bachelor’s degree, has been Ambassador of India to Hungary, Germany, Russia and High Commissioner to Pakistan. He has vast experience in several fields of Finance and Management of the Company, overall experience of more than 45 years.

Ms. Sarita Dhuper

Independent Director

She holds MBBS degree along with Masters degree in Medicine and is Practitioner Doctor in USA. She has more than 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 an overall experience of more than 47 Years for working with various reputed organizations.

Management Team

Mr. Ajay Relan Managing Director

Responsible for overall manufacturing operations, Plant, Research & Development, Product Development and complete supervision of the Company

Mr. Anand Dinkar Sontakke Chief Operating Officer BE in Mechanical from NIT, ICWAI (intermediate) & CPM from ISM, USA. Has more than 29 years of experience in Manufacturing, Global Purchase & procurement and Sales & Marketing

Mr. Aashim Relan Chief Executive Officer Graduated in Finance & Economics from Emory University, Atlanta and has various other business certifications. He is responsible for managing the Supply Chain, Operations, Strategy & Innovations. Recognized as one the youngest business leaders in the country.

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. Srinivasan Narasimhan Chief Financial Officer

Qualified Chartered Accountant, Company Secretary & Cost Accountant, Mr. Srinivasan has also been winner of CFO Power List 2020 in the FP&A Category Amongst the top 100 influential CFOs

Mr. Nitin Vishnoi Executive Director and Company Secretary Fellow member of ICSI and also holds a Bachelor’s degree in Commerce with Honours. Has more than 29 Years of overall work experience and expertise in the field of Corporate Restructuring, Compliance Management and Corporate Governance

Mr. Dnyanesh Dandekar Vice President Research And Development B.E. Mechanical & M.E. Thermal Engineering from Govt. College of Engineering, Karad and 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 and After Treatment Systems (EATS). Has successfully EATS products for Trucks & Buses for BS3, BS4 & BS6 emission norms

Being Recognized

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)

Mahindra Supplier Performance Award (2006-07)

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)

FINANCIAL HIGHLIGHTS

Key Consolidated Financial Highlights for Q1FY22

Rs. Crores

Revenue

+355%

604

EBITDA

472

PAT*

104

Q1FY21

Q4FY21

Q1FY22

-9 Q1FY21

Q4FY21

Q1FY22

-11 Q1FY21

Q4FY21

Q1FY22

* Including Profit/(loss) in JV and Associates

Consolidated Profit & Loss Statement

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 Exceptional Item Gain / (Loss) Profit before Tax Tax Profit After Tax Profit After Tax Margin Share in Profit/(loss) in JV and Associates Other Comprehensive Income Total Comprehensive Income

Q1FY22 471.7 381.1 90.6 19.2% 22.5 28.0 40.1 8.5% 6.3 9.7 36.7 7.7% 0.3 0.0 36.4 9.5 26.9 5.6% -2.5 -0.1 24.3

Q1FY21 103.6 83.7 20.0 19.2% 16.1 12.6 -8.7 -8.4% 4.2 8.2 -12.6 -11.7% 0.3 0.0 -12.9 -3.4 -9.5 -8.8% -1.4 0.0 -10.9

YoY 355%

354% -3 bps

- -

Q4FY21 604.2 493.7 110.5 18.3% 23.8 34.2 52.5 8.7% 5.6 12.9 45.2 7.4% 0.4 0 44.6 11.8 33.0 5.4% -7 0.4 26.3

QoQ -22%

-18% 93 bps

-24% -18 bps

-19% 27 bps

-19%

-19% 21 bps

-8%

Standalone Profit & Loss Statement

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 Exceptional Item Gain / (Loss) Profit before Tax Tax Profit After Tax Profit After Tax Margin Other Comprehensive Income Total Comprehensive Income

Q1FY22 471.7 381.1 90.6 19.2% 22.5 28.0 40.1 8.5% 6.3 9.7 36.7 7.7% 0.3 0.0 36.4 9.5 26.9 5.6% -0.1 26.8

Q1FY21 103.6 83.7 20.0 19.2% 16.1 12.6 -8.7 -8.4% 4.2 8.2 -12.6 -11.7% 0.3 0.0 -12.9 -3.4 -9.5 -8.8% 0.0 -9.5

YoY 355%

354% -3 bps

- -

Q4FY21 604.2 493.7 110.5 18.3% 23.8 34.2 52.4 8.7% 5.6 12.9 45.1 7.4% 0.4 0.0 44.7 11.8 32.9 5.4% 0.4 33.3

QoQ -22%

-18% 93 bps

-23% -17 bps

-19% 28 bps

-18%

-18% 23 bps

-20%

Historical Profoma Financial Highlights*

Rs. Crores

Revenue

EBITDA

PAT*

1,737

128

129

+24%

117

116

845

938

863

739

FY17

FY18

FY19

FY20

FY21

FY17

FY18

FY19

FY20

FY21

FY17

FY18

FY19

FY20

FY21

* Consolidated Excluding Seating Business

* Including Profit/(loss) in JV and Associates

Consolidated Profit & Loss Statement

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 Exceptional Item Gain / (Loss) Profit before Tax Tax Profit After Tax Profit After Tax Margin Share in Profit/(loss) in JV and Associates Other Comprehensive Income Total Comprehensive Income

FY21

1,736.5 1,419.5 317.1 18.3% 81.6 106.2 129.3 7.4% 21.5 44.0 106.8 6.1% 1.4 0 105.3 26.7 78.6 4.5% -11.9 -0.4 66.3

FY20

863.0 585.9 277.1 32.1% 85.0 96.3 95.8 11.1% 23.7 40.2 79.3 8.9% 0.9 0 78.5 20.7 57.8 6.5% -5.4 -0.1 52.3

YoY

101%

14%

35%

34%

36%

27%

Consolidated Balance Sheet

Equity & Liabilities (Rs. Crores)

Mar-21 Mar-20

Total Equity

Share Capital

Reserves & Surplus

Non-Current Liabilities

Lease

Other Financial Liabilities

Provisions

Deferred Tax Liabilities

Current Liabilities

Financial Liabilities

Lease

Trade Payables

Other Financial Liabilities

Other Current Liabilities

Provisions

Total Equity & Liabilities

430.9

364.6

5.9

424.9

358.6

16.8

11.3

0.3

5.2

0.0

15.1

10.1

0.3

4.4

0.2

525.1

242.5

0.6

471.3

206.5

9.7

36.1

7.4

11.9

17.1

6.4

972.7

622.2

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 Others 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 and cash equivalents

Others Other Current Assets Assets Held for Sale Total Assets

Mar-21 Mar-20

218.1 168.0 0.1 10.5 0.9

23.4 4.0 4.5 3.0 3.7 754.6 138.6

17.1 324.3 73.0

190.0

6.0 5.4 0.2 972.7

225.0 175.4 0.9 10.1 0.7

22.8 2.3 2.8 10.1 0.0 397.1 106.9

16.8 117.1 78.6

67.7

5.0 4.9 0.2 622.2

Standalone Profit & Loss Statement

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 Exceptional Item Gain / (Loss) Profit before Tax Tax Profit After Tax Profit After Tax Margin Other Comprehensive Income Total Comprehensive Income

FY21

1,736.50 1,419.50 317.0 18.3% 81.6 106.2 129.2 7.4% 21.5 44.0 106.7 6.1% 1.4 0 105.3 26.7 78.6 4.5% -0.4 78.2

FY20

863 585.9 277.1 32.1% 85.0 96.3 95.8 11.1% 23.7 40.2 79.3 8.9% 0.9 0 78.5 20.7 57.8 6.5% -0.1 57.7

YoY

101%

14%

35%

34%

36%

Standalone Balance Sheet

Equity & Liabilities (Rs. Crores)

Mar-21 Mar-20

Total Equity

Share Capital

Reserves & Surplus

Non-Current Liabilities

Lease

Other Financial Liabilities

Provisions

Deferred Tax Liabilities

Current Liabilities

Financial Liabilities

Lease

Trade Payables

Other Financial Liabilities

Other Current Liabilities

Provisions

Total Equity & Liabilities

445.4

367.2

5.9

439.5

361.3

16.8

11.3

0.3

5.2

0.0

15.1

10.1

0.3

4.4

0.2

525.1

242.5

0.6

471.3

206.5

9.7

36.1

7.4

11.9

17.1

6.4

987.3

624.8

Bank balances other than cash and cash equivalents

Others Other Current Assets Assets Held for Sale Total Assets

Mar-21 Mar-20

232.7 168.0 0.1 10.5 0.9

38.0 4.0 4.5 3.0 3.7 754.6 138.6

17.1 324.3 73.0

190.0

6.0 5.4 0.2 987.3

227.7 175.4 0.9 10.1 0.7

25.5 2.3 2.8 10.1 0.0 397.1 106.9

16.8 117.1 78.6

67.7

5.0 4.9 0.2 624.8

Cash Flow Statement

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

Cash & Cash equivalents at the end of the period

Standalone

Consolidated

FY21

105.3

29.6

134.8

45.5

180.3

-32.2

148.1

-152.2

-1.5

-5.6

78.6

73.0

FY20

78.5

-104.4

-25.9

16.8

-9.2

-20.9

-30.1

39.2

-1.0

8.2

70.4

78.6

FY21

105.3

29.6

134.8

45.5

180.3

-32.2

148.1

-152.2

-1.5

-5.6

78.6

73.0

FY20

78.5

-138.0

-59.6

16.7

-42.8

-20.9

-63.7

72.9

-1.0

8.2

70.4

78.6

Adjusted ROCE*

Particulars (Rs. Crores)

Interest Income on Cash (A)

EBIT (B)

Equity Capital (C)

Debt Capital (D)

FY21

10.0

106.7

430.9

FY20

5.5

79.4

364.6

FY19

4.8

113.3

409.4

Cash & Equivalents (E)

263.0

146.3

141.1

FY18

3.9

97.2

FY17

3.0

87.8

318.0

260.0

73.7

22.5

59.9

Adj. ROCE = (B-A) / (C+D-E)

57.6%

33.9%

40.4%

38.2%

38.1%

* Excluding Seating Business

Working Capital Movement*

Particulars (Rs. Crores)

Inventory (A)

Mar-21

Mar-20

Mar-19

Mar-18

Mar-17

Inventory Days (Inventories/COGS*365) (i)

138.6

106.9

97.3

Trade Receivables (B)

324.3

117.1

122.8

Trade Receivables Days (Trade Receivables/Revenue*365) (ii)

74.2

92.2

60.7

74.6

Trade Payables (C)

471.3

206.5

169.1

135.3

107.1

Trade Payables Days (Trade Payables/COGS*365) (iii)

Net Working Capital (A+B-C)

Net Working Days (i + ii - iii)

* Excluding Seating Business

121

-8.4

-17

129

17.5

-13

51.0

31.0

28.2

Corporate Social Responsibility Initiatives

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.

Tree Planting

Stop Plastic Pollution

Blood Donation Drive

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 Chennai, Pune and Nashik to assist in their fight against Covid

For further information, please contact

Company :

Investor Relations Advisors:

CIN: L74899DL 1986PLC023202

CIN: U74140MH2010PTC204285

Mr. Srinivasan Narasimhan

Chief Financial Officer

Email: sn.s@shardamotor.com

www.shardamotor.com

Mr. Jigar Kavaiya

jigar.kavaiya@sgapl.net +91 9920602034

www.sgapl.net

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