Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹58Cr
Rev Gr TTM
Revenue Growth TTM
-23.34%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

SHARIKA
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 21.8 | 101.4 | 149.9 | 36.9 | 37.3 | 37.8 | 111.4 | -10.4 | -40.8 | -2.6 | -14.1 | -27.3 |
| 19 | 17 | 14 | 26 | 21 | 20 | 27 | 21 | 13 | 19 | 23 | 19 |
Operating Profit Operating ProfitCr |
| 9.3 | -26.7 | -22.5 | -5.9 | 29.9 | -11.2 | -10.0 | 3.4 | 24.7 | -6.4 | -10.8 | -16.8 |
Other Income Other IncomeCr | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | -2 | -3 | -2 | 8 | -2 | -3 | 0 | 4 | -2 | -3 | -4 |
| 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | -1 | -1 |
|
Growth YoY PAT Growth YoY% | -19.8 | -14.8 | 21.6 | -944.4 | 458.7 | -2.9 | -64.5 | 107.5 | -34.0 | 32.3 | 35.4 | -2,192.9 |
| 6.5 | -18.5 | -16.3 | -7.7 | 26.3 | -13.8 | -12.7 | 0.6 | 29.3 | -9.6 | -9.6 | -18.4 |
| 0.3 | -0.6 | -0.4 | -0.4 | 1.8 | -0.6 | -0.7 | 0.1 | 1.2 | -0.4 | -0.5 | -0.6 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | -19.2 | 28.6 | 16.3 | 78.5 | -21.5 | 28.5 | 55.7 | 4.2 | -12.1 |
| 18 | 15 | 21 | 25 | 48 | 37 | 52 | 77 | 80 | 74 |
Operating Profit Operating ProfitCr |
| 20.7 | 21.1 | 10.8 | 9.5 | 4.8 | 5.8 | -3.1 | 1.6 | 2.4 | -2.5 |
Other Income Other IncomeCr | 0 | 1 | 0 | 1 | 1 | 0 | 0 | 2 | 0 | 1 |
Interest Expense Interest ExpenseCr | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 3 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
| 3 | 2 | 1 | 0 | 1 | 0 | -3 | 1 | -1 | -4 |
| 1 | 1 | 0 | 0 | 1 | 0 | 0 | -1 | 0 | -3 |
|
| | -46.9 | -65.3 | -70.5 | -130.2 | -667.0 | -922.8 | 145.8 | -123.6 | -322.9 |
| 11.3 | 7.4 | 2.0 | 0.5 | -0.1 | -0.8 | -6.7 | 2.0 | -0.4 | -2.1 |
| 260.8 | 34.6 | 0.1 | 0.0 | 0.1 | -0.1 | -0.8 | 0.3 | -0.1 | -0.3 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 0 | 11 | 11 | 11 | 11 | 22 | 22 | 22 | 22 | 22 |
| 10 | 13 | 14 | 14 | 15 | 5 | 2 | 4 | 0 | -3 |
Current Liabilities Current LiabilitiesCr | 16 | 21 | 26 | 38 | 30 | 25 | 30 | 27 | 45 | 51 |
Non Current Liabilities Non Current LiabilitiesCr | 5 | 5 | 5 | 8 | 10 | 11 | 6 | 3 | 4 | 3 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 21 | 35 | 41 | 58 | 45 | 48 | 50 | 48 | 60 | 60 |
Non Current Assets Non Current AssetsCr | 11 | 14 | 14 | 12 | 20 | 14 | 10 | 8 | 11 | 13 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -1 | -3 | -7 | -4 | 4 | -3 | 7 | 2 | -1 |
Investing Cash Flow Investing Cash FlowCr | -1 | 1 | 0 | 0 | 0 | 1 | -3 | 4 | -4 |
Financing Cash Flow Financing Cash FlowCr | 4 | 9 | -1 | 4 | -4 | 2 | -4 | -5 | 5 |
|
Free Cash Flow Free Cash FlowCr | -2 | -3 | -7 | -5 | 5 | -3 | 4 | 5 | -4 |
| -52.7 | -231.2 | -1,418.7 | -3,119.7 | -8,726.0 | 991.5 | -206.1 | 109.4 | 408.0 |
CFO To EBITDA CFO To EBITDA% | -28.7 | -81.2 | -263.7 | -166.2 | 157.1 | -143.5 | -445.4 | 134.2 | -76.8 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 53 | 30 | 12 | 47 | 65 | 20 | 38 | 89 |
Price To Earnings Price To Earnings | 0.0 | 38.4 | 63.6 | 84.6 | 0.0 | 0.0 | 0.0 | 25.2 | 0.0 |
Price To Sales Price To Sales | 0.0 | 2.7 | 1.3 | 0.4 | 0.9 | 1.6 | 0.4 | 0.5 | 1.1 |
Price To Book Price To Book | 0.0 | 2.2 | 1.2 | 0.5 | 1.8 | 2.5 | 0.8 | 1.5 | 4.0 |
| 1.8 | 13.8 | 15.2 | 10.2 | 24.7 | 34.9 | -20.1 | 36.9 | 53.5 |
Profitability Ratios Profitability Ratios |
| 101.7 | 103.8 | 41.1 | 103.2 | 19.4 | 24.5 | 18.6 | 16.2 | 16.1 |
| 20.7 | 21.1 | 10.8 | 9.5 | 4.8 | 5.8 | -3.1 | 1.6 | 2.4 |
| 11.3 | 7.4 | 2.0 | 0.5 | -0.1 | -0.8 | -6.7 | 2.0 | -0.4 |
| 21.4 | 11.1 | 6.6 | 6.3 | 7.8 | 3.7 | -4.2 | 7.0 | 3.1 |
| 25.3 | 5.8 | 2.0 | 0.6 | -0.2 | -1.3 | -14.1 | 6.1 | -1.6 |
| 8.3 | 2.8 | 0.9 | 0.2 | -0.1 | -0.5 | -5.6 | 2.8 | -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 |