Sandhar Technologies Limited

Sandhar Tech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sandhar Technologies Limited

₹ 507 -2.25%
26 Apr 3:13 p.m.
sandhargroup.com BSE: 541163 NSE : SANDHAR
About

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]

Key Points

Product Portfolio
The company's product portfolio includes locks, aluminum die-casting components, Sheet-metal components, cabins, Assemblies, mirrors, and others. [1]

Website BSE NSE
  • Market Cap ₹ 3,051 Cr.
  • Current Price ₹ 507
  • High / Low ₹ 599 / 202
  • Stock P/E 31.0
  • Book Value ₹ 159
  • Dividend Yield 0.48 %
  • ROCE 8.70 %
  • ROE 8.01 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 22.8%
  • Debtor days have improved from 63.8 to 44.6 days.
  • Company's working capital requirements have reduced from 38.7 days to 30.7 days

Cons

  • Stock is trading at 3.26 times its book value
  • The company has delivered a poor sales growth of 8.37% over past five years.
  • Company has a low return on equity of 7.37% 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
593 642 410 618 612 684 675 746 723 765 829 885 890
528 566 382 562 563 623 623 690 657 697 756 804 801
Operating Profit 65 76 28 56 49 60 52 57 65 68 73 81 89
OPM % 11% 12% 7% 9% 8% 9% 8% 8% 9% 9% 9% 9% 10%
4 3 2 2 1 1 3 3 2 8 3 4 3
Interest 5 4 4 4 4 6 7 8 9 11 11 13 13
Depreciation 24 24 24 25 25 27 29 29 31 33 35 37 40
Profit before tax 40 51 2 30 22 28 19 23 27 32 30 35 39
Tax % 28% 20% -20% 28% 39% 38% 32% 28% 27% 22% 27% 22% 34%
29 40 2 21 13 18 13 16 20 25 22 28 25
EPS in Rs 4.86 6.67 0.37 3.52 2.16 2.91 2.11 2.70 3.27 4.04 3.55 4.54 4.19
Raw PDF

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 TTM
1,482 1,513 1,611 1,946 2,336 1,943 1,864 2,324 2,909 3,368
1,343 1,372 1,466 1,743 2,091 1,757 1,686 2,130 2,663 3,058
Operating Profit 139 141 146 203 245 187 177 193 246 310
OPM % 9% 9% 9% 10% 10% 10% 10% 8% 8% 9%
6 1 7 4 6 10 11 6 11 18
Interest 41 42 43 43 24 20 16 18 36 48
Depreciation 52 55 58 68 81 98 94 100 122 144
Profit before tax 51 45 52 97 145 78 78 81 100 136
Tax % 25% 25% 20% 32% 34% 27% 26% 31% 27%
38 34 42 66 96 57 58 56 74 99
EPS in Rs 7.48 6.54 8.07 10.80 15.81 9.45 9.59 9.26 12.12 16.32
Dividend Payout % 25% 54% 25% 19% 16% 21% 23% 24% 21%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 14%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 2%
3 Years: 8%
TTM: 46%
Stock Price CAGR
10 Years: %
5 Years: 14%
3 Years: 40%
1 Year: 145%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 7%
Last Year: 8%

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 Sep 2023
Equity Capital 10 51 51 60 60 60 60 60 60 60
Reserves 249 222 251 574 659 702 744 799 860 895
370 395 460 484 268 283 310 614 666 668
286 296 305 467 475 321 482 503 563 645
Total Liabilities 916 965 1,067 1,585 1,462 1,367 1,597 1,976 2,150 2,268
476 528 595 678 743 831 842 942 1,172 1,220
CWIP 40 55 29 72 37 33 15 128 115 117
Investments 3 4 11 24 39 48 58 53 49 51
396 377 433 811 642 454 682 853 814 880
Total Assets 916 965 1,067 1,585 1,462 1,367 1,597 1,976 2,150 2,268

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
100 144 96 188 133 239 124 49 308
-118 -103 -107 -186 -141 -112 -98 -310 -269
20 -41 14 247 -243 -124 -26 260 -37
Net Cash Flow 2 -0 2 249 -251 3 -1 -2 2

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
Debtor Days 46 40 47 50 53 36 77 70 45
Inventory Days 63 65 63 66 58 64 71 67 60
Days Payable 90 91 90 112 94 79 131 103 82
Cash Conversion Cycle 19 14 19 5 17 22 17 35 23
Working Capital Days 24 18 12 -33 27 25 38 47 31
ROCE % 14% 13% 15% 16% 10% 9% 8% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.37% 70.37% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38%
1.70% 1.47% 1.25% 0.98% 1.05% 1.09% 0.90% 0.91% 1.65% 1.35% 1.52% 1.48%
16.24% 15.88% 15.68% 15.46% 16.11% 15.58% 16.81% 16.52% 16.96% 16.96% 16.41% 16.15%
11.69% 12.27% 12.69% 13.18% 12.46% 12.95% 11.92% 12.19% 11.01% 11.30% 11.69% 11.99%
No. of Shareholders 25,04032,12333,24633,66432,64734,12532,18130,73128,41229,34631,28637,270

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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