SANDHAR

Sandhar Technologies Limited

Auto components supplier for passenger vehicles, two-wheelers and commercial vehicles

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

sandhargroup.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹539.25
Market cap
3,248 Cr
Stock P/E
15.6
P/B
2.44
Dividend yield
0.6%
ROE (FY26)
14.9%
ROCE (FY26)
14.2%
Operating margin (FY26)
5.0%
Debt / equity (FY26)
0.71
OCF / EBITDA (FY26)
48.0%
OCF / EBITDA (3Y)
63.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Sandhar makes auto components in India, including aluminium die-cast parts, sheet-metal and cabin fabrications and locking systems, mainly for makers of two-wheelers, passenger vehicles and heavy off-highway vehicles.

Company snapshot

47thBy market cap

Ranked among 94 companies in Auto Components & Equipments.

Segment mix

Reportable segments as of 2024-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 88.3% of revenue

SegmentRevenue shareRevenuePBTAssets
India
88.3%
869 Cr61 Cr1,799 Cr
Overseas
11.7%
115 Cr2 Cr675 Cr

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales885 Cr890 Cr918 Cr913 Cr984 Cr974 Cr1,014 Cr1,090 Cr1,270 Cr1,185 Cr1,307 Cr1,382 Cr
Operating expenses (approx.)804 Cr801 Cr820 Cr827 Cr885 Cr879 Cr910 Cr1,008 Cr1,152 Cr1,076 Cr1,178 Cr1,277 Cr
EBITDA81 Cr89 Cr98 Cr86 Cr99 Cr95 Cr104 Cr82 Cr118 Cr108 Cr129 Cr105 Cr
OPM %9.2%10.0%10.7%9.4%10.0%9.8%10.2%7.6%9.3%9.1%9.9%7.6%
Other income3 Cr2 Cr2 Cr5 Cr6 Cr0.75 Cr5 Cr19 Cr37 Cr3 Cr16 Cr12 Cr
Interest13 Cr13 Cr14 Cr14 Cr14 Cr14 Cr15 Cr17 Cr17 Cr17 Cr18 Cr18 Cr
Depreciation37 Cr40 Cr42 Cr41 Cr42 Cr44 Cr44 Cr50 Cr44 Cr49 Cr50 Cr50 Cr
Profit before tax35 Cr39 Cr46 Cr37 Cr50 Cr42 Cr56 Cr36 Cr96 Cr45 Cr79 Cr51 Cr
Tax %22.4%34.4%22.7%21.7%20.0%28.4%23.3%22.9%23.3%25.2%19.2%27.1%
Net profit28 Cr25 Cr36 Cr29 Cr40 Cr30 Cr43 Cr28 Cr73 Cr33 Cr64 Cr37 Cr
EPS (₹)₹4.58₹4.21₹5.96₹4.83₹6.65₹4.97₹7.08₹4.65₹12.19₹5.56₹10.60₹6.19

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,627 Cr1,984 Cr2,336 Cr1,943 Cr1,864 Cr2,324 Cr2,909 Cr3,521 Cr3,885 Cr4,852 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,481 Cr1,776 Cr2,084 Cr1,747 Cr1,675 Cr2,118 Cr2,660 Cr3,180 Cr3,501 Cr4,414 CrSign in free for the trailing twelve months
EBITDA146 Cr208 Cr251 Cr196 Cr188 Cr206 Cr249 Cr341 Cr383 Cr438 CrSign in free for the trailing twelve months
OPM %9.0%10.5%10.8%10.1%10.1%8.9%8.6%9.7%9.9%9.0%Sign in free for the trailing twelve months
Other income7 Cr5 Cr6 Cr10 Cr11 Cr7 Cr12 Cr11 Cr17 Cr75 CrSign in free for the trailing twelve months
Interest43 Cr43 Cr24 Cr20 Cr16 Cr18 Cr36 Cr52 Cr57 Cr69 CrSign in free for the trailing twelve months
Depreciation60 Cr68 Cr81 Cr98 Cr94 Cr100 Cr122 Cr154 Cr171 Cr193 CrSign in free for the trailing twelve months
Profit before tax49 Cr97 Cr145 Cr78 Cr78 Cr81 Cr100 Cr150 Cr185 Cr256 CrSign in free for the trailing twelve months
Tax %20.0%32.4%34.1%27.0%25.9%31.3%26.7%26.6%23.3%22.3%Sign in free for the trailing twelve months
Net profit40 Cr66 Cr96 Cr57 Cr58 Cr56 Cr74 Cr110 Cr142 Cr199 CrSign in free for the trailing twelve months
EPS (₹)₹7.66₹12.80₹15.92₹9.47₹9.61₹9.29₹12.22₹18.32₹23.53₹33.00Sign in free for the trailing twelve months
Dividend payout %————20.9%10.9%18.5%13.7%13.8%10.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital51 Cr60 Cr60 Cr60 Cr60 Cr60 Cr60 Cr60 Cr60 Cr60 Cr
Reserves250 Cr574 Cr659 Cr702 Cr744 Cr799 Cr860 Cr956 Cr1,079 Cr1,273 Cr
Borrowings393 Cr221 Cr268 Cr195 Cr213 Cr516 Cr547 Cr625 Cr821 Cr948 Cr
Other liabilities378 Cr727 Cr471 Cr405 Cr575 Cr597 Cr683 Cr786 Cr829 Cr1,194 Cr
Total liabilities1,074 Cr1,584 Cr1,462 Cr1,366 Cr1,596 Cr1,975 Cr2,155 Cr2,427 Cr2,790 Cr3,476 Cr
Fixed assets (net)584 Cr663 Cr731 Cr817 Cr827 Cr907 Cr1,125 Cr1,282 Cr1,288 Cr1,505 Cr
CWIP29 Cr72 Cr37 Cr33 Cr15 Cr89 Cr95 Cr62 Cr65 Cr100 Cr
Investments4 Cr24 Cr39 Cr48 Cr58 Cr53 Cr49 Cr57 Cr61 Cr67 Cr
Loans & advances——16 Cr17 Cr22 Cr0.43 Cr0.45 Cr0.45 Cr0.34 Cr0.46 Cr
Inventories167 Cr206 Cr219 Cr196 Cr211 Cr260 Cr300 Cr337 Cr409 Cr560 Cr
Trade receivables209 Cr267 Cr337 Cr192 Cr357 Cr445 Cr355 Cr458 Cr557 Cr823 Cr
Cash & bank7 Cr255 Cr4 Cr7 Cr6 Cr4 Cr7 Cr33 Cr81 Cr51 Cr
Other assets73 Cr97 Cr78 Cr57 Cr100 Cr216 Cr223 Cr198 Cr328 Cr368 Cr
Total assets1,074 Cr1,584 Cr1,462 Cr1,366 Cr1,596 Cr1,975 Cr2,155 Cr2,427 Cr2,790 Cr3,476 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity93 Cr188 Cr133 Cr239 Cr124 Cr49 Cr308 Cr275 Cr247 Cr210 Cr
Cash from investing-105 Cr-187 Cr-142 Cr-101 Cr-97 Cr-311 Cr-248 Cr-239 Cr-290 Cr-221 Cr
Cash from financing15 Cr247 Cr-243 Cr-124 Cr-26 Cr260 Cr-37 Cr-7 Cr101 Cr28 Cr
Net cash flow3 Cr248 Cr-252 Cr14 Cr-0.73 Cr-2 Cr2 Cr27 Cr48 Cr-30 Cr
Free cash flow (OCF − Capex)-17 Cr12 Cr9 Cr151 Cr47 Cr-248 Cr51 Cr38 Cr-69 Cr-89 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %13.2%16.3%17.1%10.2%9.2%7.2%9.2%12.3%12.3%14.2%
ROE %12.9%10.3%13.2%7.4%7.1%6.5%7.9%10.8%12.4%14.9%
Debtor days47495336707044475262
Inventory days63655865706660576266
Days payable90110938013210182838092
Cash conversion cycle214172183522213436
OCF / EBITDA %63.8%90.2%52.9%121.7%65.7%23.6%123.6%80.7%64.4%48.0%
OCF / EBITDA % (3 years)——68.3%85.3%77.9%69.6%74.6%79.3%85.3%63.0%
Debt / equity1.300.350.370.260.260.600.590.610.720.71
Current ratio0.780.870.890.881.121.040.990.950.920.94
Net debt / EBITDA2.64—1.050.961.102.482.171.741.932.05