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Sharika Enterprises Ltd

SHARIKA
BSE
13.35
4.95%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Sharika Enterprises Ltd

SHARIKA
BSE
13.35
4.95%
29 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
58Cr
Close
Close Price
13.35
Industry
Industry
Trading
PE
Price To Earnings
PS
Price To Sales
0.80
Revenue
Revenue
72Cr
Rev Gr TTM
Revenue Growth TTM
-23.34%
PAT Gr TTM
PAT Growth TTM
-167.70%
Peer Comparison
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SHARIKA
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
211312242918242217182116
Growth YoY
Revenue Growth YoY%
21.8101.4149.936.937.337.8111.4-10.4-40.8-2.6-14.1-27.3
Expenses
ExpensesCr
191714262120272113192319
Operating Profit
Operating ProfitCr
2-3-3-19-2-214-1-2-3
OPM
OPM%
9.3-26.7-22.5-5.929.9-11.2-10.03.424.7-6.4-10.8-16.8
Other Income
Other IncomeCr
020000001000
Interest Expense
Interest ExpenseCr
000000011011
Depreciation
DepreciationCr
000000000000
PBT
PBTCr
2-2-3-28-2-304-2-3-4
Tax
TaxCr
00-100000-10-1-1
PAT
PATCr
1-2-2-28-2-305-2-2-3
Growth YoY
PAT Growth YoY%
-19.8-14.821.6-944.4458.7-2.9-64.5107.5-34.032.335.4-2,192.9
NPM
NPM%
6.5-18.5-16.3-7.726.3-13.8-12.70.629.3-9.6-9.6-18.4
EPS
EPS
0.3-0.6-0.4-0.41.8-0.6-0.70.11.2-0.4-0.5-0.6

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
23192428503950788272
Growth
Revenue Growth%
-19.228.616.378.5-21.528.555.74.2-12.1
Expenses
ExpensesCr
18152125483752778074
Operating Profit
Operating ProfitCr
543322-212-2
OPM
OPM%
20.721.110.89.54.85.8-3.11.62.4-2.5
Other Income
Other IncomeCr
0101100201
Interest Expense
Interest ExpenseCr
1222222123
Depreciation
DepreciationCr
1111100111
PBT
PBTCr
321010-31-1-4
Tax
TaxCr
1100100-10-3
PAT
PATCr
310000-320-2
Growth
PAT Growth%
-46.9-65.3-70.5-130.2-667.0-922.8145.8-123.6-322.9
NPM
NPM%
11.37.42.00.5-0.1-0.8-6.72.0-0.4-2.1
EPS
EPS
260.834.60.10.00.1-0.1-0.80.3-0.1-0.3

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
0111111112222222222
Reserves
ReservesCr
10131414155240-3
Current Liabilities
Current LiabilitiesCr
16212638302530274551
Non Current Liabilities
Non Current LiabilitiesCr
555810116343
Total Liabilities
Total LiabilitiesCr
31495570656260567172
Current Assets
Current AssetsCr
21354158454850486060
Non Current Assets
Non Current AssetsCr
1114141220141081113
Total Assets
Total AssetsCr
31495570656260567172

Cash Flow

Consolidated
Standalone
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
-1-3-7-44-372-1
Investing Cash Flow
Investing Cash FlowCr
-110001-34-4
Financing Cash Flow
Financing Cash FlowCr
49-14-42-4-55
Net Cash Flow
Net Cash FlowCr
17-7-1-10000
Free Cash Flow
Free Cash FlowCr
-2-3-7-55-345-4
CFO To PAT
CFO To PAT%
-52.7-231.2-1,418.7-3,119.7-8,726.0991.5-206.1109.4408.0
CFO To EBITDA
CFO To EBITDA%
-28.7-81.2-263.7-166.2157.1-143.5-445.4134.2-76.8

Ratios

Consolidated
Standalone
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
05330124765203889
Price To Earnings
Price To Earnings
0.038.463.684.60.00.00.025.20.0
Price To Sales
Price To Sales
0.02.71.30.40.91.60.40.51.1
Price To Book
Price To Book
0.02.21.20.51.82.50.81.54.0
EV To EBITDA
EV To EBITDA
1.813.815.210.224.734.9-20.136.953.5
Profitability Ratios
Profitability Ratios
GPM
GPM%
101.7103.841.1103.219.424.518.616.216.1
OPM
OPM%
20.721.110.89.54.85.8-3.11.62.4
NPM
NPM%
11.37.42.00.5-0.1-0.8-6.72.0-0.4
ROCE
ROCE%
21.411.16.66.37.83.7-4.27.03.1
ROE
ROE%
25.35.82.00.6-0.2-1.3-14.16.1-1.6
ROA
ROA%
8.32.80.90.2-0.1-0.5-5.62.8-0.5
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Sharika Enterprises Limited is a forward-thinking Indian power sector company with over 25 years of experience in **power transmission, distribution, and renewable energy**. Originally established in 1998 as an EPC and system integration player, the company is undergoing a strategic transformation to become a leader in **digitalizing India’s power infrastructure**, particularly in the distribution segment. The company is increasingly focusing on **smart grid technologies, grid automation, and indigenous innovation**, positioning itself at the forefront of India’s ‘Smart Grid’ and ‘Make in India’ movements. Its operations span turnkey EHV cable systems, solar PV projects, SCADA/ADMS solutions, and advanced grid monitoring and control systems. --- ### **Core Business Segments & Strategic Shift** **1. Transition to Digital Power Infrastructure** As of 2025, Sharika Enterprises is pivoting from traditional EPC services to **digitally enabled grid solutions**, driven by the rising demand for modernized, resilient, and renewable-ready power networks. The focus is on **digitalizing power distribution**, including: - **India-made SCADA and ADMS (Advanced Distribution Management Systems)** - **Indigenous development of IoT-embedded switchgear, fault detection, and reactive power management systems** - **Patents filed in reactive power management** to improve grid stability and efficiency This strategic realignment underscores Sharika’s vision to enhance grid efficiency and support **national self-reliance (Atmanirbhar Bharat)** in critical power infrastructure. **2. Smart Grid & Automation Leadership** Sharika has emerged as a key player in **smart grid innovation**, offering end-to-end solutions including: - SCADA (Supervisory Control and Data Acquisition) - DTS (Distribution Transformer Monitoring) - DAS (Distribution Automation System) - Asset monitoring, telemetry, and cloud-based control platforms In **February 2025**, the company formed a **strategic joint venture** with Brazil’s **SPIN Engenharia De Automacao Ltda** (a global leader in power automation with 400+ systems deployed) and the Philippines-based **Nayon Kontrol System (NKS)** to co-develop **India-specific SCADA and ADMS solutions**. This collaboration will deliver: - Customized **Smart Substation SCADA and ADMS systems** - Real-time monitoring, control, and self-healing grid capabilities - Cloud and mobile-based tools for field operations - Support for Discoms, Transcos, Gencos, RE, and IPPs This JV accelerates Sharika’s goal of becoming a dominant domestic supplier of **indigenously developed digital grid solutions**. **3. Renewable Energy & Solar Portfolio** Sharika Enterprise has a strong track record in **renewable energy**, particularly solar PV, with over **5 MW** of solar projects executed or secured in 2025 alone. Key achievements include: - **180 kW solar carport** for NTPC Unchahar (Jan 2025) - **4 MW solar rooftop project for NHPC** in Jammu & Kashmir under **PM Surya Ghar Yojana** - **1 MW solar systems across PGCIL facilities** in Ladakh, Rajasthan, and Northern Region - Supply and installation of **over 10,000 solar street lights** and **3.5 MW of solar rooftops** nationwide The company offers **end-to-end services** for solar projects (survey, design, execution, O&M) and specializes in: - Hybrid solar systems with battery backup - Battery energy storage systems (BESS) - Microgrids (including self-islanding capability) - EV charging and energy monitoring systems It serves major PSUs such as **NTPC, NHPC, SECI, PGCIL, and PEDA**. --- ### **Key Projects & Client Wins** | Date | Project | Value / Scope | |------|--------|---------------| | **Sep 2025** | **JSW Steel – 7 km 220kV EHV Cable Project** at Dolvi Plant | Repeat turnkey order for supply, installation, testing, and commissioning of 220kV, 800 sqmm HT cables; reinforces JSW’s trust post-successful 4 km prior project | | **Jan 2025** | **NTPC – 180 kW Solar Carport** at Unchahar | Turnkey solar carport enhancing energy efficiency and sustainability | | **Dec 2023** | **132/33kV GIS Substation for Z-Morh Tunnel (JKPTCL)** | Critical project ensuring all-weather power supply between Srinagar and Ladakh | | **Oct 2021** | **Feeder Automation for J&K Power (INR 42.10 crore)** | DMS project under GE T&D India; supports ‘Make in India’ with domestic manufacturing of smart grid components | --- ### **Innovation & Technological Differentiation** - **SF6 Gas-Insulated Load Break Switches**: Cost-efficient, advanced alternative to traditional RMUs; supports **stronger, stable grids** for renewable farms with underground cabling. - **Virtual Grids & Dynamic Loss-of-Life Metrics**: R&D in preventive maintenance analytics. - **Cloud-Based Platforms & Usage-Based Pricing Models**: Developed through a joint R&D hub (Feb 2025). - **Lean Automation Technology**: Applied to Discoms and industrial clients for operational efficiency. The switchgear hardware is **manufactured by Contronics Switchgear**, a 45-year-old electrical panel specialist acquired by Sharika in **July 2024**, enhancing vertical integration. --- ### **Strategic Acquisitions & Partnerships** | Acquisition/Partnership | Date | Strategic Impact | |------------------------|------|------------------| | **Acquisition of Contronics Switchgear (CSIPL)** | Jul 2024 | Expanded product portfolio to include **11kV VCB Panels, AMF Panels, LT Boards, PLC/AC-DC Drives**; strengthened presence in private industrial sector | | **MoU with Russian firm ENS** (Engineering Center Energoservice) | Mar 2025 | Exclusive rights to market **grid protection, condition monitoring, and transformer monitoring solutions** in India | | **R&D Joint Venture** | Feb 2025 | Focus on **renewable integration, decentralized energy, cloud platforms**, and lean automation solutions for Indian and global markets |