Sandhar Technologies Ltd
NSE: SANDHAR · Auto Components & Equipments · sector
₹475.50NSE close 2026-10-26
Key numbers
Market cap₹2,862 cr
Price₹475.50
52w high / low₹763 / ₹424
P/E13.8xSector median 24.3x
P/B2.1xSector median 3.3x
Book value₹221.5
Dividend yield0.74%Sector median 0.55%
ROE16.8%Sector median 14.0%
ROCE14.9%Sector median 15.8%
OPM9.0%Sector median 11.6%
Debt / equity0.71xSector median 0.28x
EV/EBITDA8.1xSector median 13.0x
Interest cover4.9x
Current ratio0.94x
Sales growth 3y+18.6%Sector median +9.0%
Profit growth 3y+39.6%Sector median +9.5%
PEG0.35x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 132 companies in Auto Components & Equipments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹52 cr vs borrowings ₹948 cr (FY26): borrowings are higher by ₹896 cr.
- Borrowings rose in each of the last 3 years (₹547 cr → ₹948 cr).
- Operating profit covered interest 4.9x in the last 12 months.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 33% of net profit in the last 12 months.
- Debtor days went from 47 (FY24) to 62 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹475.50 on 2026-10-26: -37.7% from the 52-week high, +12.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹708.90 · low ₹345.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 984 | 974 | 1,014 | 1,090 | 1,270 | 1,185 | 1,307 | 1,382 |
| EBITDA | 100 | 99 | 109 | 84 | 119 | 108 | 131 | 107 |
| OPM % | 10.2% | 10.1% | 10.7% | 7.7% | 9.4% | 9.1% | 10.0% | 7.7% |
| Other income | 6 | 1 | 5 | 19 | 37 | 3 | 16 | 12 |
| Net profit | 40 | 30 | 43 | 28 | 73 | 33 | 64 | 37 |
| EPS (₹) | 6.65 | 4.97 | 7.08 | 4.65 | 12.19 | 5.56 | 10.60 | 6.19 |
| Revenue YoY | +29.1% | +21.7% | +28.9% | +26.8% | ||||
| Profit YoY | +83.4% | +11.7% | +49.8% | +33.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,324 | 2,909 | 3,521 | 3,884 | 4,852 | 5,144 |
| EBITDA | 192 | 245 | 345 | 395 | 443 | 465 |
| Net profit | 56 | 73 | 110 | 142 | 199 | 208 |
| EPS (₹) | 9.29 | 12.22 | 18.32 | 23.53 | 33.00 | 34.54 |
| Revenue growth | +25.2% | +21.0% | +10.3% | +24.9% | +26.6% | |
| Profit growth | +30.9% | +50.4% | +29.0% | +40.3% | +47.9% | |
| Dividend / share (₹) | 1.00 | 2.25 | 2.50 | 3.25 | 3.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +18.6% | +21.1% | +26.6% |
| Net profit | +39.6% | +28.0% | +47.9% |
| EPS | +39.3% | +28.0% | – |
| Share price | – | -1.9% (2y) | -8.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 920 | 1,017 | 1,139 | 1,333 |
| Borrowings | – | 547 | 625 | 821 | 948 |
| Cash & equivalents | – | 13 | 46 | 82 | 52 |
| Total assets | – | 2,155 | 2,427 | 2,790 | 3,476 |
| Fixed assets | – | 1,125 | 1,282 | 1,288 | 1,505 |
| Capital work in progress | – | 95 | 62 | 65 | 100 |
| Investments | – | 3 | 4 | 4 | 7 |
| Receivables | – | 355 | 458 | 557 | 823 |
| Inventory | – | 300 | 337 | 409 | 560 |
| Payables | – | 412 | 490 | 531 | 782 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 49 | 308 | 275 | 247 | 210 |
| Cash from investing | -311 | -248 | -239 | -290 | -221 |
| Cash from financing | 260 | -37 | -7 | 101 | 28 |
| Capex | 297 | 257 | 237 | 316 | 299 |
| Free cash flow | -248 | 51 | 38 | -69 | -89 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.9% | 10.8% | 12.4% | 14.9% |
| ROCE % | – | 9.3% | 12.3% | 12.3% | 14.2% |
| Debtor days | – | 45 | 47 | 52 | 62 |
| Inventory days | – | 60 | 57 | 63 | 67 |
| Payable days | – | 82 | 83 | 81 | 93 |
| Cash conversion cycle (days) | – | 23 | 21 | 34 | 36 |
| Working capital days | – | -1 | -5 | -9 | -8 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 70.38% |
| FIIs | 2.38% |
| DIIs | 13.47% |
| of which Mutual funds | 13.31% |
| Public (non-institutions) | 13.77% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 70.38% | 70.38% | 70.38% | 70.38% | 70.38% | 70.38% | 70.38% | 70.38% |
| Promoter group | % |
|---|---|
| Jayant Davar | 50.56% |
| YSG Estates Private Limited | 5.56% |
| JAYANT DAVAR(Trustee and First Holder of Hazelnut Family Trust) | 4.36% |
| JAYANT DAVAR(Trustee and First Holder of Cream and Cookies Family Trust) | 4.36% |
| Neel JAY Davar | 2.59% |
| Sandhar Estates Private Limited | 1.53% |
| Sandhar Infosystems LLP | 1.32% |
| Poonam Juneja | 0.10% |
| Santosh Davar | 0.00% |
| Monica Davar | 0.00% |
| Public holders above 1% | % |
|---|---|
| Nippon Life India Trustee Ltd-a/c Nippon India Small CAP Fund | 4.13% |
| DSP Small CAP Fund | 3.05% |
| Kotak Small CAP Fund | 2.87% |
| Bandhan Large & MID CAP Fund | 1.17% |
48,014 shareholders. Pledged: – of promoter shares.
Peers in Auto Components & Equipments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MOTHERSON | ₹1,62,274 cr | 37.0x | 4.0x | 11.6% | 12.9% | 9.3% | +17.0% | 0.44% |
| BOSCHLTD | ₹1,32,455 cr | 56.0x | 8.9x | 16.5% | 21.7% | 13.4% | +10.3% | 1.14% |
| BHARATFORG | ₹82,736 cr | 117.2x | 8.7x | 7.5% | 10.0% | 14.0% | +9.2% | 0.46% |
| UNOMINDA | ₹61,747 cr | 51.3x | 9.0x | 19.1% | 16.6% | 10.9% | +20.5% | 0.27% |
| SCHAEFFLER | ₹54,960 cr | 43.9x | 8.9x | 21.6% | 27.8% | 18.2% | – | – |
| SONACOMS | ₹48,637 cr | 69.8x | 8.1x | 12.0% | 15.2% | 23.6% | +18.7% | 0.41% |
| TIINDIA | ₹40,369 cr | 66.5x | 5.2x | 9.1% | 23.6% | 9.2% | +15.2% | 0.42% |
| ENDURANCE | ₹31,415 cr | 32.4x | 4.6x | 15.4% | 16.7% | 13.1% | +18.4% | 0.45% |
| EXIDEIND | ₹28,636 cr | 30.7x | 2.1x | 6.7% | 9.7% | 10.3% | +6.1% | 0.60% |
| SANDHAR | ₹2,862 cr | 13.8x | 2.1x | 16.8% | 14.9% | 9.0% | +18.6% | 0.74% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| India | ₹4,384 cr | 90.3% | ₹327 cr | 7.5% |
| Overseas | ₹468 cr | 9.7% | ₹0 cr | 0.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Rs 4 Per Share |
| 2025-09-12 | Dividend | Dividend - Rs 3.50 Per Share |
| 2024-09-17 | Dividend | Dividend - Rs 3.25 Per Share |
| 2024-09-17 | Other | Annual General Meeting |
| 2023-09-14 | Other | Annual General Meeting |
| 2023-09-14 | Dividend | Dividend - Rs 2.50 Per Share |
| 2022-09-14 | Dividend | Annual General Meeting/Dividend - Rs 2.25 Per Share |
| 2022-04-20 | Other | Extra Ordinary General Meeting |
| 2021-09-15 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2021-02-24 | Dividend | Interim Dividend - Rs 1.25 Per Share |
| 2020-09-15 | Dividend | Annual General Meeting/Dividend - Rs 0.75 Per Share |
| 2020-02-18 | Dividend | Interim Dividend - Rs 1.25 Per Share |
| 2019-08-29 | Dividend | Annual General Meeting/Dividend - Rs 1.25 Per Share |
| 2018-11-15 | Dividend | Interim Dividend - Rs 1.25 Per Sh |
| 2018-08-31 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Metal & Metal Products
| Sector | Consumer Discretionary |
| Industry | Auto Components & Equipments |
| Sub-industry | Auto Components & Equipments |
| Symbol | SANDHAR |
| BSE code | 541163 |
| ISIN | INE278H01035 |
| Face value | ₹10.0 |
| Incorporated | 1987-10-19 |
| Website | www.sandhargroup.com |
| Plants (India / abroad) | 16 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.