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Sandhar Tech Overview

Sandhar Technologies Ltd is an primarily India based corporation. The Company is focused on designing and production of a numerous range of automotive components, parts and systems, and driven by way of technology. The Company's segments include: Two-wheelers, Passenger automobiles, and commercial automobiles, Off-highway vehicles and tractors, and Non-automobile. The Company's portfolio contains various categories of merchandise which includes safety and security systems, including lock assemblies, mirror assemblies, operator cabins for off- h...Read More

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Sandhar Tech Key Financials

Market Cap ₹2836 Cr.

Stock P/E 20

P/B 2.3

Current Price ₹471.3

Book Value ₹ 209.4

Face Value 10

52W High ₹600.1

Dividend Yield 0.74%

52W Low ₹ 355.5

Sandhar Tech Share Price

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Volume
Price

Sandhar Tech Quarterly Price

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Sandhar Tech Peer Comparison

Sandhar Tech Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 885 890 918 913 984 974 1014 1090 1270 1185
Other Income 3 2 2 5 6 1 5 19 37 3
Total Income 888 892 920 917 990 974 1019 1110 1308 1187
Total Expenditure 804 801 820 827 885 879 910 1008 1152 1076
Operating Profit 84 91 100 90 105 96 109 102 155 111
Interest 13 13 14 14 14 14 15 17 17 17
Depreciation 37 40 42 41 42 44 44 50 44 49
Exceptional Income / Expenses 0 0 0 0 0 0 2 0 0 -3
Profit Before Tax 35 38 44 35 49 38 53 34 94 42
Provision for Tax 8 13 11 8 10 12 13 8 22 11
Profit After Tax 27 25 33 27 39 26 40 26 72 31
Adjustments 0 0 2 2 1 4 3 2 1 3
Profit After Adjustments 27 25 36 29 40 30 43 28 73 33
Adjusted Earnings Per Share 4.5 4.2 6 4.8 6.6 5 7.1 4.7 12.2 5.6

Sandhar Tech Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1482 1513 1611 1946 2336 1943 1864 2324 2909 3521 3885 4559
Other Income 6 5 8 5 6 11 11 7 12 11 17 64
Total Income 1488 1518 1619 1951 2342 1954 1875 2331 2921 3532 3901 4624
Total Expenditure 1343 1372 1465 1738 2084 1748 1676 2118 2660 3180 3501 4146
Operating Profit 145 146 154 213 258 206 199 213 262 351 400 477
Interest 41 42 43 43 24 20 16 18 36 52 57 66
Depreciation 52 55 58 68 81 98 94 100 122 154 171 187
Exceptional Income / Expenses 0 -4 -0 0 -1 0 0 -1 -1 0 2 -1
Profit Before Tax 51 45 52 97 145 78 78 81 100 150 185 223
Provision for Tax 13 11 10 31 50 21 20 26 27 40 43 54
Profit After Tax 38 34 42 66 96 57 58 56 74 110 142 169
Adjustments -0 -0 -0 -1 -1 -0 -0 -0 -1 -0 0 9
Profit After Adjustments 38 33 41 65 95 57 58 56 73 110 142 177
Adjusted Earnings Per Share 7.5 6.5 8.1 10.8 15.8 9.4 9.6 9.3 12.1 18.2 23.5 29.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 10% 19% 15% 10%
Operating Profit CAGR 14% 23% 14% 11%
PAT CAGR 29% 36% 20% 14%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 17% 32% 21% NA%
ROE Average 13% 11% 9% 11%
ROCE Average 13% 12% 11% 12%

Sandhar Tech Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 259 274 302 634 720 762 804 859 920 1017 1139
Minority's Interest 2 2 2 3 4 4 4 4 4 0 0
Borrowings 167 195 209 13 8 9 99 247 305 286 272
Other Non-Current Liabilities 10 14 14 20 24 92 97 97 136 146 145
Total Current Liabilities 478 481 539 914 706 499 591 769 784 968 1222
Total Liabilities 916 965 1067 1584 1462 1366 1596 1975 2149 2416 2778
Fixed Assets 476 528 595 678 743 831 842 942 1172 1336 1343
Other Non-Current Assets 60 75 53 114 87 94 90 234 196 161 281
Total Current Assets 380 362 418 792 630 441 664 799 773 918 1127
Total Assets 916 965 1067 1584 1462 1366 1596 1975 2149 2416 2778

Sandhar Tech Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 4 4 6 255 4 7 6 4 7 33
Cash Flow from Operating Activities 100 144 96 188 133 239 124 49 308 275 247
Cash Flow from Investing Activities -113 -106 -107 -187 -142 -101 -97 -311 -248 -239 -290
Cash Flow from Financing Activities 20 -41 14 247 -243 -124 -26 260 -37 -7 101
Net Cash Inflow / Outflow 7 -4 3 248 -252 14 0 -3 23 29 58
Closing Cash & Cash Equivalent 4 4 6 255 4 7 6 4 7 33 81

Sandhar Tech Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 7.48 6.54 8.07 10.8 15.81 9.45 9.6 9.26 12.12 18.24 23.53
CEPS(Rs) 17.74 17.38 19.55 22.12 29.36 25.82 25.22 25.91 32.41 43.84 51.88
DPS(Rs) 1.84 3.5 1.5 2 2.5 2 2.25 2.25 2.5 3.25 3.5
Book NAV/Share(Rs) 50.67 53.49 59.06 105.37 119.55 126.67 133.64 142.7 152.92 168.9 189.28
Core EBITDA Margin(%) 8.66 8.6 8.39 10.5 10.77 10.06 10.09 8.87 8.56 9.67 9.87
EBIT Margin(%) 5.75 5.33 5.42 7.07 7.25 5.07 5.05 4.27 4.68 5.73 6.21
Pre Tax Margin(%) 3.2 2.75 2.98 4.89 6.23 4.02 4.19 3.5 3.45 4.27 4.75
PAT Margin (%) 2.39 2.05 2.38 3.31 4.1 2.93 3.1 2.41 2.53 3.13 3.65
Cash Profit Margin (%) 5.65 5.41 5.72 6.71 7.57 8 8.14 6.71 6.71 7.49 8.04
ROA(%) 4.5 3.59 4.1 4.95 6.29 4.03 3.91 3.13 3.57 4.83 5.45
ROE(%) 16.47 12.67 14.46 14.02 14.16 7.69 7.38 6.73 8.27 11.38 13.14
ROCE(%) 15.8 13.49 13.23 14.91 16.04 10.06 9.46 8.25 9.56 12.98 13.39
Receivable days 38.53 39.34 38.85 43.48 47.24 49.69 57.27 65.84 50.24 42.13 47.68
Inventory Days 32.62 35.2 33.59 33.8 33.21 38.98 39.86 37 35.14 33.03 35.07
Payable days 82.12 91.09 88.38 93.23 92.76 97.5 99.26 92.96 76.16 73.22 74.68
PER(x) 0 0 0 0 16.52 13.62 21.43 23.57 16.66 28.66 16.17
Price/Book(x) 0 0 0 0 2.18 1.02 1.54 1.53 1.32 3.09 2.01
Dividend Yield(%) 0 0 0 0 0.96 1.55 1.09 1.03 1.24 0.62 0.92
EV/Net Sales(x) 0.25 0.29 0.31 0.15 0.79 0.5 0.78 0.79 0.6 1.06 0.78
EV/Core EBITDA(x) 2.58 3 3.27 1.35 7.14 4.69 7.27 8.59 6.71 10.63 7.58
Net Sales Growth(%) 17.16 2.1 6.49 20.79 20.01 -16.8 -4.11 24.69 25.18 21.05 10.32
EBIT Growth(%) 13.87 -5.26 8.13 48.06 20.8 -41.84 -4.54 5.44 21.7 48.17 19.57
PAT Growth(%) 15.53 -12.12 23.37 57.61 46.07 -40.56 1.5 -3.29 7.15 49.9 28.46
EPS Growth(%) 5.94 -12.62 23.34 33.93 46.39 -40.26 1.6 -3.5 30.88 50.45 29.03
Debt/Equity(x) 1.43 1.44 1.52 0.76 0.38 0.26 0.27 0.61 0.59 0.61 0.72
Current Ratio(x) 0.79 0.75 0.78 0.87 0.89 0.88 1.12 1.04 0.99 0.95 0.92
Quick Ratio(x) 0.47 0.42 0.48 0.64 0.58 0.49 0.77 0.7 0.6 0.6 0.59
Interest Cover(x) 2.25 2.07 2.22 3.25 7.07 4.82 5.87 5.6 3.81 3.92 4.26
Total Debt/Mcap(x) 0 0 0 0 0.17 0.26 0.18 0.4 0.45 0.2 0.36

Sandhar Tech Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 70.38 70.38 70.38 70.38 70.38 70.38 70.38 70.38 70.38 70.38
FII 1.51 1.48 1.61 0.9 0.72 0.69 0.83 0.66 1.16 0.76
DII 16.41 16.15 16.31 16.16 15.69 15.7 15.75 15.85 15.88 17.39
Public 11.69 11.99 11.7 12.55 13.21 13.23 13.04 13.1 12.58 11.47
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Sandhar Tech News

Sandhar Tech Pros & Cons

Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 11% over the last 3 years.
  • Debtor days have increased from 73.22 to 74.68days.
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