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Sandhar Technologies Limited

Sandhar Technologies Limited

SANDHAR.BO
Sandhar Technologies LimitedIN flagBombay Stock Exchange
688.35
INR
-10.80
- -
41.25BMarket Cap
Sandhar Technologies Limited
SANDHAR.BO
(Bombay Stock Exchange)

Recent

price

688.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
224.13
244.31
286.41
292.58
317.94
375.83
383.04
318.85
305.93
380.73
476.18
576.77
645.3
806
805.98
Revenue per Share
3.72
6.46
7.47
6.52
8.14
12.68
15.81
9.45
9.6
9.26
12.12
18.24
23.53
33
33
Basic EPS, GAAP
-4.92
-3.02
-2.29
7.06
-3.38
2.31
1.56
25.17
7.77
-41.27
8.51
6.25
-11.5
-14.77
- -
Free Cash Flow per Basic Share
0.7
1.83
1.85
3.51
1.53
3.61
1.53
3.04
2.01
1.01
2.25
2.51
3.25
3.5
- -
Dividend per Share
7.8
11.39
15.51
25.67
31.52
62.66
67.66
73.18
80.77
89.02
98.89
114.62
134.89
10
10
Book Value per Share
34.33
39.61
47.83
51.1
57.53
121.32
118.01
124.89
131.75
131.1
142.65
157.52
179.45
194.65
194.64
Tangible Book Value per Share
51
51
51
51
51
51
60
60
60
60
60
60
60
60
60
Basic Weighted Avg Shares
11,493
12,528
14,687
15,003
16,114
19,272
23,056
19,192
18,415
22,916
28,661
34,716
38,845
48,521
48,521
Sales/Revenue/Turnover
5.23
6.33
5.94
5.98
5.48
7.55
7.47
5.24
5.15
4.63
4.49
5.45
5.47
5.03
5.03
Operating Margin (%)
359
394
524
552
603
675
809
984
939
1,000
1,215
1,536
1,706
1,934
1,934
Depreciation Expense
191
331
383
334
413
650
952
569
578
557
730
1,098
1,416
1,987
1,987
Net Income, GAAP
24.55
20.42
25.33
25.37
20.04
32.37
34.08
27
25.87
31.33
26.71
26.59
23.27
22.32
22.32
Effective Tax Rate (%)
1.66
2.64
2.61
2.23
2.56
3.37
4.13
2.96
3.14
2.43
2.55
3.16
3.65
4.09
4.09
Profit Margin (%)
-990
-1,268
-983
-1,194
-1,192
-1,215
-754
-580
726
300
-26
-493
-677
-918
-918
Working Capital
1,328
1,262
1,668
1,945
2,092
129
85
789
1,777
3,302
4,064
3,824
3,544
4,380
4,380
LT Debt
1,806
2,100
2,607
2,755
3,035
6,371
7,231
7,661
8,081
8,628
9,249
10,166
11,393
13,331
13,331
Total Equity
- -
12.59
11.13
10.3
9.85
10.36
10.63
7.16
6.48
5.59
6.15
8.3
8.56
8.34
8.34
Return on Invested Capital (%)
- -
16.6
15.44
12.51
13
12.6
14.35
9.85
8.93
6.81
8.08
10.85
11.77
17.22
17.22
Return on Capital (%)
- -
67.27
55.5
31.69
28.32
27.03
26.12
13.42
12.47
10.91
12.9
17.08
18.86
45.55
45.55
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
5,899
- -
7,096
LT Borrowings
2,876
- -
2,650
LT Finance Leases
770
- -
1,730
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
- -
60
Market Capitalization
26,798
33,179
26,371

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
14,681
- -
15,431
Cash, Cash Equivalents & STI
496
- -
792
Accounts Receivable, Net
8,195
- -
8,231
Inventories
5,102
- -
5,598
Total Current Liabilities
15,173
- -
16,349
Payables & Accruals
- -
- -
- -
ST Debt
5,899
- -
7,096
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.79%
10.59%
17.01%
Free Cash Flow
7.69%
-206.83%
28.52%
Net Income, GAAP
23.57%
29.43%
40.25%
Sales/Revenue/Turnover
13.33%
21.49%
24.91%
Total Cash Common Dividend
21.77%
24.41%
7.69%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,289
8,848
8,895
8,684
34,716
2025
9,126
9,842
9,737
10,141
38,845
2026
10,901
12,704
11,846
13,070
48,521

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.57
4.58
4.31
- -
18.24
2025
4.83
6.65
4.97
7.08
23.53
2026
4.65
12.19
5.56
10.6
33

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.51
2025
- -
- -
- -
- -
3.25
2026
- -
- -
- -
- -
3.5
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Business
Sandhar Technologies Limited, founded in 1987 and headquartered in Gurugram, Haryana, India, manufactures and supplies automotive components to original equipment manufacturers across two-wheelers, passenger vehicles, commercial vehicles, tractors, and off-highway segments; its core products include locking systems such as lock set assemblies and smart key systems, vision systems comprising rear-view mirror assemblies, door handles, latches and hinges, stampings and sheet metal components, wheel assemblies and wheel rims, operator cabins and fabrication, aluminum and zinc die castings, plastic parts, handlebar assemblies, and vehicle electronics including relays, fuel pumps, filters, starter motors, wiper blades, parking sensors, cameras, and battery chargers for electric vehicles. The company operates manufacturing facilities in India, Spain, Poland, Mexico, and Romania, serving global clients through a network of wholly owned subsidiaries such as Sandhar Technologies Barcelona SL, Sandhar Ascast Private Limited, Sandhar Engineering Private Limited, Sandhar Automotive Systems Private Limited, Sandhar Auto Electric Solutions Private Limited, and Sandhar Auto Castings Private Limited, alongside joint ventures including Sandhar Han Sung Technologies Private Limited, Sandhar Amkin Industries Private Limited for helmets and protective gears, Sandhar Whetron Electronics Private Limited, Winnercom Sandhar Technologies Private Limited, and Sandhar Han Shin Auto Technologies Private Limited. In recent developments, its subsidiary Sandhar Ascast Private Limited acquired the high-pressure and low-pressure aluminum die casting business of Sundaram Clayton Limited at its Hosur plant for INR 163 crores in April 2025, enhancing die-casting capabilities and targeting INR 400-425 crores in revenue from the acquired operations; the company inaugurated Sandhar Auto Electric Solutions for electric vehicle components like motor controllers and battery chargers in 2024 with commercial production underway, expanded facilities in Pune for cabins, fabrication, and die-casting commencing by early 2025, and reported all joint ventures achieving PAT positivity in fiscal year 2025 with collective income of INR 303 crores and 13% EBITDA.