How did Sharda Motor's revenue and profit grow in FY26?

Revenue grew approximately **20%** year-on-year for FY26. Net profit grew a slower **~9%** over the same period, pointing to margin compression.

What is the dividend payout?

The board recommended a final dividend of **₹20 per share** on a standalone basis for FY26. The total outflow will depend on the final dividend-per-share number after any tax deductions.

Are these results a surprise?

No. The filing contains no material new information or guidance beyond the reported numbers. It is a standard post-results regulatory disclosure.

Earnings · Auto Ancillary · Small cap

Sharda Motor posts 20% revenue growth, recommends ₹20/share dividend

The auto-component maker's FY26 results show steady top-line expansion but net profit grew at a slower pace.

— 3 earlier stories on Sharda Motor Industries Ltd. →

SHARDAMOTR By Tipsheet Editorial 21 May 2026 · 7:28 PM IST Verify on BSE · NSE

Mkt cap₹4,755 cr

P/E13.77×

ROE29.66%

Debt / eq.0.00

Div yld2.36%

₹20/share Final dividend recommended for FY26.

What's new

Audited FY26 results show ~20% revenue growth and ~9% net profit growth.
Board has recommended a final dividend of ₹20 per share (standalone).
The filing is a standard quarterly and annual results disclosure.

Why this matters

Revenue growth of ~20% outpaced profit growth of ~9%, indicating cost pressures or margin contraction. The ₹20/share dividend is a capital return, but the key signal is in the growth differential between the top and bottom line.

What we're watching

Margin trajectory in coming quarters to see if cost pressures ease.
Consolidated performance versus standalone to gauge subsidiary contribution.
Management commentary on demand outlook for its exhaust and emission systems.

The full read

Sharda Motor's FY26 results show a ~20% jump in revenue, but net profit grew only ~9%. That gap is the headline. For a ₹5,300 crore market-cap auto-component maker, top-line growth at double the profit rate suggests input costs or other expenses ate into margins. The board also recommended a ₹20/share final dividend. This is a routine filing—the numbers are the news. The open question is whether the profit-growth lag is a one-year blip or a trend.

Questions answered

How did Sharda Motor's revenue and profit grow in FY26?: Revenue grew approximately 20% year-on-year for FY26. Net profit grew a slower ~9% over the same period, pointing to margin compression.
What is the dividend payout?: The board recommended a final dividend of ₹20 per share on a standalone basis for FY26. The total outflow will depend on the final dividend-per-share number after any tax deductions.
Are these results a surprise?: No. The filing contains no material new information or guidance beyond the reported numbers. It is a standard post-results regulatory disclosure.

Mentioned: ₹20/share dividend · FY26 · ~20% revenue growth

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Sharda Motor Industries Ltd.

Auto Ancillary

₹4,907 cr

P/E 14.21×

Latest quarter · Mar 2026

Sales₹972 cr

Net profit₹87 cr

Op. margin+11.6%

EPS₹15.58

Strength & growth

Debt / equity0.00×

Current ratio2.07×

Sales CAGR+13.9%

EPS CAGR+25.2%

Story so far

All notes on SHARDAMOTR →

21 May 2026 · 7:28 PM IST Sharda Motor posts 20% revenue growth, recommends ₹20/share dividend
51d ago Sharda Motor wins first $10M export, guides lightweighting to triple by FY28
51d ago Sharda Motor lands ₹530 cr in new orders from four OEMs
52d ago Sharda Motor delivers 19.7% revenue growth for FY26