Sharda Motor Share Price Target 2027–2030: EPS-Based Forecast After Q2 FY27

Price as of 13 Nov 2026 close: ₹960 (NSE: SHARDAMOTR, BSE: 535602). Results are consolidated Q2 FY27 figures (quarter to 30 Sep 2026) from the company’s investor presentation, Univest and Investing.com. Price and trailing figures from StockAnalysis.

Sharda Motor Industries makes exhaust and emission-control systems (catalytic converters) and is expanding into lightweight vehicle parts. Q2 FY27 revenue rose 54% to ₹1,211 crore and profit 33% to ₹99.4 crore; the stock rose about 7.5% on 13 November. EBITDA margin fell to 10.4% from 12.8%, partly because a large share of revenue is pass-through material cost. At ₹960 it trades at about 16.6× trailing earnings with a ~2% dividend yield.

1. Sharda Motor Share Price Targets 2027–2030 at a Glance

All three scenarios come from one formula (next section). Targets are for the end of each calendar year.

The base case implies a price change of roughly 18% a year from today's ₹960 to the end of 2030.

2. How We Calculate These Targets

Target = projected EPS × P/E multiple. Each year-end target uses the EPS of the financial year that follows (for example, the 2027 target uses FY28 EPS), because markets price stocks on forward earnings. Read our full methodology.

• Starting EPS: trailing twelve-month EPS of ₹57.82 (₹960 ÷ ~16.6× P/E).
• Bear case: EPS grows 3% a year, P/E 12×. Margins keep falling and auto demand weakens.
• Base case: EPS grows 14% a year, P/E 17×. Revenue keeps growing with new customers and lightweighting products; margins stabilise; P/E roughly unchanged.
• Bull case: EPS grows 18% a year, P/E 21×. Lightweighting and exports scale, and margins recover toward past levels.

Worked example (base, 2027): ₹57.82 × 1.14 × 1.14 = ₹75.14 FY28 EPS → × 17 = ₹1,275.

Sensitivity — 2030 base-case EPS of ₹111.33 at different multiples:

3. Latest Results: What Changed

What changed: revenue surged, helped by high pass-through of precious-metal and material costs in emission-control products, which adds revenue without much profit. Profit still grew a healthy 33%.

What it means for the targets: the base case assumes 14% EPS growth with the multiple unchanged; the stock is not expensive at ~17× earnings.

4. Sharda Motor Share Price in 2026: Where It Stands

With only weeks left in 2026, a year-end "target" is not meaningful. The stock closed at ₹960 on 13 Nov 2026, within a 52-week range of ₹700 – ₹1,059.20. The stock rose about 7.5% on 13 November after results.

5. Sharda Motor Share Price Target 2027: ₹735 – ₹1,690 (Base ₹1,275)

Based on FY28 EPS of ₹61.34 / ₹75.14 / ₹80.51 (bear / base / bull). What to watch: EBITDA margin stabilising near 10–11%.

6. Sharda Motor Share Price Target 2028: ₹760 – ₹1,995 (Base ₹1,455)

Based on FY29 EPS of ₹63.18 / ₹85.66 / ₹95.00 (bear / base / bull). What to watch: new orders in lightweighting and non-exhaust products.

7. Sharda Motor Share Price Target 2029: ₹780 – ₹2,355 (Base ₹1,660)

Based on FY30 EPS of ₹65.08 / ₹97.66 / ₹112.10 (bear / base / bull). What to watch: dividend payouts (₹20 per share over the last year).

8. Sharda Motor Share Price Target 2030: ₹805 – ₹2,780 (Base ₹1,895)

Based on FY31 EPS of ₹67.03 / ₹111.33 / ₹132.28 (bear / base / bull). What to watch: by 2030 small yearly differences compound into a wide range; revisit after each annual result.

9. Key Metrics

10. Peer Comparison

11. Risks That Would Break the Base Case

• EV transition: electric vehicles don’t need exhaust systems, a long-term threat to its core product.
• Pass-through revenue: revenue growth can overstate business growth.
• Customer concentration: a few automakers account for most sales.
• Auto cycle: demand follows vehicle production.

12. What the Numbers Suggest

Sharda Motor is growing strongly at a modest valuation, but its core product faces long-term EV risk. The variable to track is growth in non-exhaust products. If lightweighting scales, the base case (₹1,895 by 2030) is reasonable; if margins keep falling, expect the bear case.

This is a framework, not a recommendation. Your own decision should depend on your time horizon, risk tolerance and existing holdings.

13. FAQs on Sharda Motor Share Price

What is the Sharda Motor share price target for 2027?
Our base case is ₹1,275, assuming 14% annual EPS growth and a 17× P/E. The range is ₹735 (bear) to ₹1,690 (bull).

What is the Sharda Motor share price target for 2030?
Base case ₹1,895; range ₹805 to ₹2,780. It assumes FY31 EPS of about ₹111.33.

What was Sharda Motor’s profit in Q2 FY27?
₹99.4 crore, up 33%.

What does Sharda Motor make?
Exhaust and emission-control systems, plus lightweight vehicle components.

Why did Sharda Motor’s margins fall?
A large share of revenue is pass-through material cost, which raises revenue but not profit.

Does Sharda Motor pay dividends?
Yes, about ₹20 per share over the last year, a yield of about 2%.