Sandhar Technologies Limited
Sandhar Technologies Ltd and its joint ventures are primarily engaged in the manufacturing and assembling of automotive components for the automotive industry in India.[1]
- Market Cap ₹ 2,616 Cr.
- Current Price ₹ 435
- High / Low ₹ 677 / 315
- Stock P/E 18.8
- Book Value ₹ 189
- Dividend Yield 0.75 %
- ROCE 12.5 %
- ROE 13.0 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 20.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 17.8%
Cons
- Company has a low return on equity of 10.9% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,482 | 1,513 | 1,611 | 1,946 | 2,336 | 1,943 | 1,864 | 2,324 | 2,909 | 3,521 | 3,884 | 4,062 | |
1,343 | 1,372 | 1,466 | 1,743 | 2,091 | 1,757 | 1,686 | 2,130 | 2,663 | 3,180 | 3,501 | 3,682 | |
Operating Profit | 139 | 141 | 146 | 203 | 245 | 187 | 177 | 193 | 246 | 341 | 383 | 380 |
OPM % | 9% | 9% | 9% | 10% | 10% | 10% | 10% | 8% | 8% | 10% | 10% | 9% |
6 | 1 | 7 | 4 | 6 | 10 | 11 | 6 | 11 | 14 | 29 | 43 | |
Interest | 41 | 42 | 43 | 43 | 24 | 20 | 16 | 18 | 36 | 52 | 57 | 60 |
Depreciation | 52 | 55 | 58 | 68 | 81 | 98 | 94 | 100 | 122 | 154 | 171 | 180 |
Profit before tax | 51 | 45 | 52 | 97 | 145 | 78 | 78 | 81 | 100 | 150 | 185 | 184 |
Tax % | 25% | 25% | 20% | 32% | 34% | 27% | 26% | 31% | 27% | 27% | 23% | |
38 | 34 | 42 | 66 | 96 | 57 | 58 | 56 | 74 | 110 | 142 | 141 | |
EPS in Rs | 7.48 | 6.54 | 8.07 | 10.80 | 15.81 | 9.45 | 9.59 | 9.26 | 12.12 | 18.24 | 23.53 | 23.36 |
Dividend Payout % | 25% | 54% | 25% | 19% | 16% | 21% | 23% | 24% | 21% | 18% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 15% |
3 Years: | 19% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 20% |
3 Years: | 36% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 23% |
1 Year: | -34% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 10% |
3 Years: | 11% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 51 | 51 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 |
Reserves | 249 | 222 | 251 | 574 | 659 | 702 | 744 | 799 | 860 | 956 | 1,079 |
370 | 395 | 460 | 484 | 268 | 283 | 310 | 614 | 666 | 741 | 924 | |
286 | 296 | 305 | 467 | 475 | 321 | 482 | 503 | 563 | 662 | 727 | |
Total Liabilities | 916 | 965 | 1,067 | 1,585 | 1,462 | 1,367 | 1,597 | 1,976 | 2,150 | 2,420 | 2,790 |
476 | 528 | 595 | 678 | 743 | 831 | 842 | 942 | 1,172 | 1,336 | 1,347 | |
CWIP | 40 | 55 | 29 | 72 | 37 | 33 | 15 | 128 | 115 | 76 | 65 |
Investments | 3 | 4 | 11 | 24 | 39 | 48 | 58 | 53 | 49 | 57 | 61 |
396 | 377 | 433 | 811 | 642 | 454 | 682 | 853 | 814 | 950 | 1,317 | |
Total Assets | 916 | 965 | 1,067 | 1,585 | 1,462 | 1,367 | 1,597 | 1,976 | 2,150 | 2,420 | 2,790 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
100 | 144 | 96 | 188 | 133 | 239 | 124 | 49 | 308 | 275 | 247 | |
-118 | -103 | -107 | -186 | -141 | -112 | -98 | -310 | -269 | -241 | -290 | |
20 | -41 | 14 | 247 | -243 | -124 | -26 | 260 | -37 | -7 | 101 | |
Net Cash Flow | 2 | -0 | 2 | 249 | -251 | 3 | -1 | -2 | 2 | 27 | 58 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 46 | 40 | 47 | 50 | 53 | 36 | 77 | 70 | 45 | 47 | 52 |
Inventory Days | 63 | 65 | 63 | 66 | 58 | 64 | 71 | 67 | 60 | 57 | 63 |
Days Payable | 90 | 91 | 90 | 112 | 94 | 79 | 131 | 103 | 82 | 83 | 81 |
Cash Conversion Cycle | 19 | 14 | 19 | 5 | 17 | 22 | 17 | 35 | 23 | 22 | 34 |
Working Capital Days | 24 | 18 | -29 | -72 | -14 | -13 | 12 | 3 | -2 | -10 | -14 |
ROCE % | 14% | 13% | 15% | 16% | 10% | 9% | 8% | 9% | 12% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
10h - Audio recording of Q1 FY25-26 investor call available on company website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16h - Newspaper Publication of Un-audited Standalone & Consolidated Financial Results for the Quarter ended 30th June, 2025
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Record Date And Book Closure
1d - Record date set as 12 Sept 2025 for final dividend payment for FY 2024-25 by Sandhar Technologies.
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Announcement under Regulation 30 (LODR)-Investor Presentation
1d - Investor Presentation in connection with the Un-audited (Standalone & Consolidated) Financial Results for the Quarter ended on the 30th June, 2025
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Approved Q1 FY26 results; CEO re-appointment; INR 500 Cr capital raise; slump sale of units; 33rd AGM scheduled.
Annual reports
Concalls
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Aug 2025TranscriptNotesPPT
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Feb 2019Transcript PPT
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Aug 2018Transcript PPT
Product Portfolio
The company is engaged in manufacturing of diverse range of products with a primary focus on safety and security systems for automobiles across segments. Its product portfolio includes Automotive locking and security systems, Automotive Vision Systems, Stampings, Operators Cabins & Structural Parts, Zinc Die Casting, Aluminium Die Casting, Magnesium Die Casting, Automotive Optoelectronics, Polymers, Painting, Plating and Coating, Commercial Tooling, Helmets, Assemblies, Fuel Pumps, Filters and Wiper Blades. [1]