Sharda Motor Industries Limited has informed the Exchange about Investor Presentation
SMIL: BSE/NSE: 21-22/1002
February 10, 2022
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: Submission of - Investors Presentation
Dear Sir / Madam,
Please find enclosed Investor Presentation with regard to the announcement of the Un-audited
Financial Results (Standalone and Consolidated) of the Company for the third quarter ended December
31, 2021.
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
Divyang Jain Asst. Company Secretary & 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 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 9 Manufacturing units (including JV), 3 sales offices & 1 R&D center
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
4
1987
IPO and listing on Delhi Stock Exchange
5
Presence in Pan India
Sanad
Pune
Chennai
Exhaust System
Exhaust System
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
Delhi
Haridwar
Sanad
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
9 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 BS4, BS6, Tier 4 & Tier 5
100+ Trained and skilled engineers for CFD, FEA and Acoustics
ISO 9001 Certified
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 1L – 3L
Stationary engine ranging 0.3L – 3.5L
Off-road vehicle ranging 2L – 4L
Medium & Heavy Commercial Vehicle ranging 2.5L – 8L
Tractors All Ranges
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 and agricultural equipment
CEV IV* (April 2021) TREM IV** (April 2022) CEV V* & TREM V** (April 2024)
On-Road
BS-VI norms on RDE (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
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
• 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 for the Construction Equipment Vehicles and other Equipment's ** TREM Stage-IV and TREM Stage-V for Agricultural Tractors
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
Revenue Expansion & Visibility
• 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 346 crore surplus cash as on 31st December 2021 • 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.
Most of buying an electric vehicle by the year 2022
Indian consumers would consider
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 incentives will boost Electric Vehicle sector
government
policies
and
i
l
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
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 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
& &
& &
&
* Eberspaecher Exhaust Technology 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 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
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
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.
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. Satinder Kumar Lambah Independent Director Holds Bachelor’s degree, has been Ambassador of India to Hungary, Germany, Russia & High Commissioner to Pakistan. He has 45+ years of vast experience in several fields of Finance & Management,.
Mr. Ajay Relan Managing Director Dynamic entrepreneur contributing a vast experience in manufacturing automobile components, setting up of new projects and its successful implementation.
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. Nitin Vishnoi ED & Company Secretary Has 29+ years of experience and expertise in Corporate Restructuring, Compliance Management and Corporate Governance
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
Mr. Anand Dinkar Sontakke Chief Operating Officer
Responsible for overall manufacturing operations, Plant, Research & Development, Product Development and complete supervision of the Company
BE in Mechanical from NIT, ICWAI (intermediate) & CPM from ISM, USA. Has 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 & 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. 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, He 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
Has 29+ years of experience and expertise in Corporate and Corporate Restructuring, Compliance Management Governance
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
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 & Mahindra Annual Commodity Award (2014)
21awqzs
Mahindra Supplier Performance Award (2006-07)
Hyundai Merit Award for BEST Hyundai Merit Award for BEST CO-OPERATION (2005) CO-OPERATION (2005)
Hyundai Merit Award for BEST Hyundai Merit Award for BEST CO-OPERATION (2004) CO-OPERATION (2004)
Hyundai Appreciation Hyundai Appreciation Certificate Certificate (2004) (2004)
Hyundai 100 PPM Certificate for Outstanding Performance (2002)
1919
REVENUE
-1%
584
587
579
EBITDA
+21%
61
62
51
31
INR Crores
PAT*
+29%
42
39
Q3FY21
Q2FY22
Q3FY22
Q3FY21
Q2FY22
Q3FY22
Q3FY21
Q2FY22
Q3FY22
* Including Profit/(loss) in JV and Associates
2121
REVENUE
+45%
EBITDA
+113%
1,638
164
1,132
77
41
INR Crores
PAT*
+158%
105
9MFY21
9MFY22
9MFY21
9MFY22
9MFY21
9MFY22
* Including Profit/(loss) in JV and Associates
2222
Particulars 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 Share in Profit/(loss) in JV and Associates Other Comprehensive Income Total Comprehensive Income EPS
Q3FY22 Q3FY21 584.4 476.9 107.5 18.4% 24.3 31.9 51.3 8.8% 5.6 12.0 44.9 7.6% 0.4 44.5 11.0 33.5 5.7% -2.5 -0.8 30.2 10.4
578.6 464.5 114.1 19.7% 23.0 29.1 62.1 10.7% 5.6 9.9 57.7 9.9% 0.4 57.3 14.6 42.8 7.3% -3.7 -0.1 39.0 13.1
YoY
-1%
6% 132
21% 195
29% 227
29%
27% 164
29%
Q2FY22 587.1 467.1 120.1 20.4% 22.3 36.5 61.3 10.4% 10.0 9.9 61.4 10.3% 0.4 61.0 15.3 45.7 7.7% -4.0 -0.1 41.7 14.0
QoQ
-1%
-5% -73
1% 29
-6% -40
-6%
-6% -33
-6%
9MFY22 9MFY21 1,132.4 925.7 206.6 18.2% 57.9 72.0 76.8 6.8% 15.9 31.1 61.6 5.4% 1.0 60.6 14.9 45.7 4.0% -5.0 -0.8 39.9 13.7
1,637.5 1,312.6 324.8 19.8% 67.8 93.5 163.5 10.0% 21.9 29.6 155.9 9.4% 1.1 154.7 39.4 115.3 7.0% -10.1 -0.3 105.0 35.4
INR Crores
YoY
45%
57% 159
113% 320
153% 403
155%
152% 297
163%
FY21 1,736.5 1,419.5 317.0 18.3% 81.6 106.2 129.2 7.4% 21.5 44.0 106.7 6.1% 1.4 105.3 26.7 78.6 4.5% -11.9 -0.4 66.3 22.4
2323
Particulars 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
Q3FY22 Q3FY21 584.4 476.9 107.5 18.4% 24.3 31.9 51.3 8.8% 5.6 12.0 44.9 7.6% 0.4 44.5 11.0 33.5 5.7% -0.8 32.8 11.3
578.6 464.5 114.1 19.7% 23.0 29.1 62.1 10.7% 5.6 9.9 57.7 9.9% 0.4 57.3 14.6 42.8 7.3% -0.1 42.7 14.4
YoY
-1%
6% 132
21% 195
29% 227
29%
27% 164
30%
Q2FY22 587.1 467.1 120.1 20.4% 22.3 36.5 61.3 10.4% 10.0 9.9 61.4 10.3% 0.4 61.0 15.3 45.7 7.7% -0.1 45.6 15.4
QoQ
-1%
-5% -73
1% 29
-6% -40
-6%
-6% -33
-6%
9MFY22 9MFY21 1,132.4 925.7 206.6 18.2% 57.9 72.0 76.8 6.8% 15.9 31.1 61.6 5.4% 1.0 60.6 14.9 45.7 4.0% -0.8 44.9 15.4
1,637.5 1,312.6 324.8 19.8% 67.8 93.5 163.5 10.0% 21.9 29.6 155.9 9.4% 1.1 154.7 39.4 115.3 7.0% -0.3 115.1 38.8
YoY
45%
57% 159
113% 320
153% 403
155%
152% 297
156%
INR Crores
FY21 1,736.5 1,419.5 317.0 18.3% 81.6 106.2 129.2 7.4% 21.5 44.0 106.7 6.1% 1.4 105.3 26.7 78.6 4.5% -0.4 78.2 26.4
2424
REVENUE
EBITDA
PAT^
INR Crores
1,737
128
129
81
+24%
117
116
96
68
67
55
52
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
2525
Particulars
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
FY20
YoY
INR Crores
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 -
105.3 26.7
78.6 4.5% -11.9 -0.4
66.3
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 -
78.5 20.7
57.8 6.5% -5.4 -0.1
52.3
101%
14%
35%
35%
34%
36%
27%
2626
Equity & Liabilities
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
5.9
424.9
16.8
11.3
0.3
5.2
-
364.6
5.9
358.6
15.1
10.1
0.3
4.4
0.2
525.1
242.5
0.6
471.3
9.7
36.1
7.4
972.7
0.6
206.5
11.9
17.1
6.4
622.2
Assets 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
INR Crores
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 - 397.1 106.9
16.8 117.1 78.6
67.7
5.0 4.9 0.2 622.2
272727
Particulars 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
FY20
YoY
INR Crores
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
-
105.3
26.7
78.6
4.5%
-0.4
78.2
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
-
78.5
20.7
57.8
6.5%
-0.1
57.7
101%
14%
35%
35%
34%
36%
36%
2828
Equity & Liabilities
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
Mar-21
445.4
5.9
439.5
16.8
11.3
0.3
5.2
-
Mar-20
367.2
5.9
361.3
15.1
10.1
0.3
4.4
0.2
525.1
242.5
0.6
471.3
9.7
36.1
7.4
0.6
206.5
11.9
17.1
6.4
Total Equity & Liabilities
987.3
624.8
Assets 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
INR Crores
Mar-21 Mar-20 227.7 175.4 0.9 10.1 0.7
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
25.5 2.3 2.8 10.1 - 397.1 106.9
16.8 117.1 78.6
67.7
5.0 4.9 0.2 624.8
2929
Particulars
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
INR Crores
Standalone
Consolidated
FY21
FY20
FY21
FY20
105.3
29.6
134.8
45.5
180.3
-32.2
148.1
-152.2
-1.5
-5.6
78.6
73.0
78.5
-104.4
-25.9
16.8
-9.2
-20.9
-30.1
39.2
-1.0
8.2
70.4
78.6
105.3
29.6
134.8
45.5
180.3
-32.2
148.1
-152.2
-1.5
-5.6
78.6
73.0
78.5
-138.0
-59.6
16.7
-42.8
-20.9
-63.7
72.9
-1.0
8.2
70.4
78.6
3030
Particulars
H1 FY22^
FY21
FY20
FY19
FY18
FY17
INR Crores
Interest Income on Cash (A)
EBIT (B)
Equity Capital (C)
Debt Capital (D)
13.8
188.1
10.0
106.7
5.5
79.4
4.8
113.3
3.9
97.2
3.0
87.8
489.0
430.9
364.6
409.4
318.0
260.0
-
-
-
-
141.1
-
73.7
22.5
59.9
Cash & Equivalents (E)
270.2
263.0
146.3
Adj. ROCE = (B-A) / (C+D-E)
79.7%
57.6%
33.9%
40.4%
38.2%
38.1%
* Excluding Seating Business ^ Calculated on TTM Basis
3131
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 Chennai, Pune and Nashik to assist in their fight against Covid
3232
Company
Investor Relations Advisors
CIN: L74899DL 1986PLC023202
Mr. Srinivasan Narasimhan Chief Financial Officer
CIN: U74140MH2010PTC204285
Mr. Jigar Kavaiya / Pratik Shah
Deputy Head-IR Practice / Associate
02135-674400 sn.s@shardamotor.com
www.shardamotor.com
+91 9920602034 / +91 9870030585 jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net
www.sgapl.net
3333