Sandhar Technologies Ltd.

•

sandhargroup.comBSE: 541163NSE: SANDHAR

Market Cap₹ 3,720 Cr.

Current Price

High / Low₹ 763 / 424

Stock P/E20.2

Book Value₹ 223

Price to Book2.01

Dividend Yield0.65 %

ROCE17.7 %

ROE14.6 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

View full sector analysis →

PROS

Company has delivered good profit growth of 22.4% CAGR over last 5 years
Company comfortably covers its interest (11.8x coverage)
Company has a consistent dividend-paying track record
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position
Attractively priced for its growth - PEG of 0.7

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (33.0% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.51x)
Recurring exceptional / one-off items are inflating headline profit
Though reporting repeated profits, the company pays out little dividend (13.4%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesAuto Ancillary

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MOTHERSON	164.30	39.59	173409.49	0.37	1075.66	77.48	35243.77	17.70	13.63	8.86
2.	BOSCHLTD	48388.75	60.40	142727.94	0.56	706.10	-36.74	5841.90	22.00	25.60	14.08
3.	UNOMINDA	1202.40	57.75	69434.66	0.22	315.51	2.10	5556.85	23.79	20.74	11.14
4.	TIINDIA	2607.25	83.21	50469.14	0.13	2939.60	869.56	62153.30	1070.70	27.33	8.81
5.	SONACOMS	788.95	70.76	49240.61	0.43	178.51	46.67	1301.20	52.38	14.75	22.55
6.	ENDURANCE	2696.75	39.11	37933.25	0.43	244.52	8.03	4314.89	30.01	18.33	12.42
7.	CRAFTSMAN	11663.75	65.61	30505.88	0.10	150.55	116.31	2431.58	36.30	14.65	15.81
8.	ZFCVINDIA	2548.90	58.10	29007.88	0.03	1044.78	753.75	10661.76	992.89	20.23	12.93
9.	SANSERA	4130.20	73.97	25773.92	0.10	87.36	38.71	1021.26	33.27	14.29	19.18
10.	MSUMI	36.30	38.37	24072.93	1.60	1453.20	915.51	34072.60	1273.43	43.72	7.58
11.	GABRIEL	1345.45	80.11	23845.41	0.37	1081.26	925.35	14256.83	1055.00	26.37	11.71
12.	SANDHAR	618.00	17.89	3719.79	0.65	37.28	33.08	1381.89	26.77	15.30	7.71

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	644	684	695	693	674	741	740	759	728	805	737	774	666
	590	625	625	623	618	670	664	684	671	731	668	706	636
Operating Profit	54	59	69	70	57	70	76	75	57	74	69	69	30
OPM %	8.36%	8.59%	9.99%	10.07%	8.39%	9.48%	10.25%	9.83%	7.82%	9.25%	9.34%	8.85%	4.44%
	3	3	2	-2	5	9	3	10	9	46	4	16	12
Interest	3	3	3	5	5	5	5	6	6	6	5	5	5
Depreciation	21	23	22	24	23	24	25	25	25	20	23	22	17
Profit before Tax	32	36	47	39	34	50	49	53	35	95	45	57	42
Tax %	27.22%	22.72%	27.97%	30.59%	27.18%	27.23%	27.54%	19.14%	26.50%	21.25%	26.55%	19.11%	26.93%
Net Profit	24	28	34	27	25	37	35	43	25	75	33	46	31
	3.92	4.60	5.59	4.54	4.10	6.10	5.85	7.15	4.22	12.39	5.44	7.70	5.09

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,369	1,684	2,037	1,640	1,585	1,941	2,397	2,716	2,913	3,044	2,982
	1,243	1,498	1,816	1,482	1,432	1,775	2,193	2,464	2,636	2,776	2,741
Operating Profit	126	186	221	158	153	166	205	252	277	269	241
OPM %	9.18%	11.07%	10.87%	9.64%	9.67%	8.55%	8.53%	9.27%	9.52%	8.83%	8.10%
	5	4	5	11	10	4	9	6	26	74	78
Interest	36	38	17	13	9	9	16	14	20	21	20
Depreciation	48	55	67	76	69	74	84	90	97	91	82
Profit before Tax	47	98	142	81	85	86	114	154	186	231	238
Tax %	18.68%	30.66%	32.85%	24.72%	23.68%	28.84%	26.48%	27.26%	24.99%	22.52%	22.72%
Net Profit	38	68	95	61	65	61	84	112	140	179	184
EPS	7.52	13.21	15.84	10.12	10.84	10.21	13.92	18.65	23.20	29.76	—
Dividend Payout %	19.93%	17.77%	15.79%	19.76%	20.76%	22.05%	17.96%	17.43%	15.09%	13.44%	—

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 14%
3 Years:: 8%

COMPOUNDED PROFIT GROWTH

10 Years:: 19%
5 Years:: 22%
3 Years:: 29%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 17%
3 Years:: 18%
1 Year:: 34%

RETURN ON EQUITY

10 Years:: 12%
5 Years:: 11%
3 Years:: 13%
Last Year:: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	51	60	60	60	60	60	60	60	60	60
	239	563	648	697	747	800	869	967	1,086	1,251
	313	330	114	48	55	256	139	173	254	153
Trade Payables	185	289	294	188	331	281	254	334	328	353
	58	80	63	48	53	65	57	108	130	93
Total Liabilities	846	1,322	1,180	1,042	1,247	1,461	1,379	1,643	1,858	1,911
	476	533	590	601	602	654	652	674	693	542
Capital Work in Progress	22	64	28	22	7	36	14	43	39	10
	35	49	67	91	114	164	196	231	279	370
	96	122	135	121	134	156	165	178	218	179
	0	0	0	0	0	0	0	402	468	527
Cash & Bank	3	254	2	4	2	1	1	1	31	15
	214	299	359	203	387	450	352	113	131	267
Total Assets	846	1,322	1,180	1,042	1,247	1,461	1,379	1,643	1,858	1,911

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	82	194	157	218	116	37	273	139	158	-75
Cash from Investing	-73	-154	-114	-77	-75	-191	-87	-159	-158	214
Cash from Financing	1	228	-245	-113	-24	173	-160	20	30	-155
	2	251	-253	2	-2	-1	-0	0	30	-16

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.38	70.38	70.38	70.38	70.38	70.38	70.38	70.38	70.38
	1.61	0.90	0.73	0.69	0.83	0.66	1.16	0.77	2.09
	16.31	16.17	15.69	15.70	15.75	15.85	15.88	17.39	14.82
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	11.70	12.55	13.21	13.23	13.04	13.10	12.58	11.47	12.71

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

Resignation of Director/KMP/SMP

2026-09-04 - Sandhar Technologies Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-09-03

Resignation

2026-09-03 - Sandhar Technologies Limited has informed the Exchange regarding Resignation of Mr VIJAY DAHIYA as SMP of the company w.e.f. September 03, 2026.

2026-08-27

Updates

2026-08-27 - Sandhar Technologies Limited has informed the Exchange regarding 'Communication to Shareholders of Sandhar Technologies Limited ( the Company ) regarding Tax Deduction at Source (TDS) on Dividend'.

2026-08-26

Copy of Newspaper Publication

2026-08-26 - Sandhar Technologies Limited has informed the Exchange about Copy of Newspaper Publication- the completion of dispatch of Notice of the 34th Annual General Meeting along with Annual Report for the Financial Year 2025-26 to the shareholders

2026-08-26

Updates

2026-08-26 - Sandhar Technologies Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for the Financial Year 2025-26'.

2026-08-25

General Updates

2026-08-25 - Sandhar Technologies Limited has informed the Exchange about General Updates

2026-08-25

Record Date

2026-08-25 - Sandhar Technologies Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Sep-2026.

2026-08-25

Shareholders meeting

2026-08-25 - Sandhar Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2026

2026-08-25

Copy of Newspaper Publication

2026-08-25 - Sandhar Technologies Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for SANDHAR

Loading news…

🤖

AI Stock Analyst

Sandhar Technologies Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

MOTHERSON

164.30

39.59

173409.49

0.37

1075.66

77.48

35243.77

17.70

13.63

8.86

BOSCHLTD

48388.75

60.40

142727.94

0.56

706.10

-36.74

5841.90

22.00

25.60

14.08

UNOMINDA

1202.40

57.75

69434.66

0.22

315.51

2.10

5556.85

23.79

20.74

11.14

TIINDIA

2607.25

83.21

50469.14

0.13

2939.60

869.56

62153.30

1070.70

27.33

8.81

SONACOMS

788.95

70.76

49240.61

0.43

178.51

46.67

1301.20

52.38

14.75

22.55

ENDURANCE

2696.75

39.11

37933.25

0.43

244.52

8.03

4314.89

30.01

18.33

12.42

CRAFTSMAN

11663.75

65.61

30505.88

0.10

150.55

116.31

2431.58

36.30

14.65

15.81

ZFCVINDIA

2548.90

58.10

29007.88

0.03

1044.78

753.75

10661.76

992.89

20.23

12.93

SANSERA

4130.20

73.97

25773.92

0.10

87.36

38.71

1021.26

33.27

14.29

19.18

MSUMI

36.30

38.37

24072.93

1.60

1453.20

915.51

34072.60

1273.43

43.72

7.58

GABRIEL

1345.45

80.11

23845.41

0.37

1081.26

925.35

14256.83

1055.00

26.37

11.71

SANDHAR

618.00

17.89

3719.79

0.65

37.28

33.08

1381.89

26.77

15.30

7.71

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

644

684

695

693

674

741

740

759

728

805

737

774

666

590

625

623

618

670

664

684

671

731

668

706

636

Operating Profit

OPM %

8.36%

8.59%

9.99%

10.07%

8.39%

9.48%

10.25%

9.83%

7.82%

9.25%

9.34%

8.85%

4.44%

-2

Interest

Depreciation

Profit before Tax

Tax %

27.22%

22.72%

27.97%

30.59%

27.18%

27.23%

27.54%

19.14%

26.50%

21.25%

26.55%

19.11%

26.93%

Net Profit

3.92

4.60

5.59

4.54

4.10

6.10

5.85

7.15

4.22

12.39

5.44

7.70

5.09

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,369

1,684

2,037

1,640

1,585

1,941

2,397

2,716

2,913

3,044

2,982

1,243

1,498

1,816

1,482

1,432

1,775

2,193

2,464

2,636

2,776

2,741

Operating Profit

126

186

221

158

153

166

205

252

277

269

241

OPM %

9.18%

11.07%

10.87%

9.64%

9.67%

8.55%

8.53%

9.27%

9.52%

8.83%

8.10%

Interest

Depreciation

Profit before Tax

142

114

154

186

231

238

Tax %

18.68%

30.66%

32.85%

24.72%

23.68%

28.84%

26.48%

27.26%

24.99%

22.52%

22.72%

Net Profit

112

140

179

184

EPS

7.52

13.21

15.84

10.12

10.84

10.21

13.92

18.65

23.20

29.76

—

Dividend Payout %

19.93%

17.77%

15.79%

19.76%

20.76%

22.05%

17.96%

17.43%

15.09%

13.44%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

239

563

648

697

747

800

869

967

1,086

1,251

313

330

114

256

139

173

254

153

Trade Payables

185

289

294

188

331

281

254

334

328

353

108

130

Total Liabilities

846

1,322

1,180

1,042

1,247

1,461

1,379

1,643

1,858

1,911

476

533

590

601

602

654

652

674

693

542

Capital Work in Progress

114

164

196

231

279

370

122

135

121

134

156

165

178

218

179

402

468

527

Cash & Bank

254

214

299

359

203

387

450

352

113

131

267

Total Assets

846

1,322

1,180

1,042

1,247

1,461

1,379

1,643

1,858

1,911

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

194

157

218

116

273

139

158

-75

Cash from Investing

-73

-154

-114

-77

-75

-191

-87

-159

-158

214

Cash from Financing

228

-245

-113

-24

173

-160

-155

251

-253

-2

-1

-0

-16

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

70.38

1.61

0.90

0.73

0.69

0.83

0.66

1.16

0.77

2.09

16.31

16.17

15.69

15.70

15.75

15.85

15.88

17.39

14.82

Government

0.00

11.70

12.55

13.21

13.23

13.04

13.10

12.58

11.47

12.71

Sandhar Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Sandhar Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI