Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 885 | 890 | 918 | 913 | 984 | 974 | 1,014 | 1,090 | 1,270 | 1,185 | 1,307 | 1,382 |
| Operating costs | 804 | 801 | 820 | 827 | 885 | 879 | 910 | 1,008 | 1,152 | 1,076 | 1,178 | 1,277 |
| EBITDA | 81 | 89 | 98 | 86 | 99 | 95 | 104 | 82 | 118 | 108 | 129 | 105 |
| EBITDA margin % | 9% | 10% | 11% | 9% | 10% | 10% | 10% | 8% | 9% | 9% | 10% | 8% |
| Depreciation & amortisation | 37 | 40 | 42 | 41 | 42 | 44 | 44 | 50 | 44 | 49 | 50 | 50 |
| Finance costs | 13 | 13 | 14 | 14 | 14 | 14 | 15 | 17 | 17 | 17 | 18 | 18 |
| Non-operating income | 4 | 3 | 5 | 7 | 7 | 5 | 10 | 21 | 39 | 3 | 18 | 13 |
| Pre-tax profit | 35 | 39 | 46 | 37 | 50 | 42 | 56 | 36 | 96 | 45 | 79 | 51 |
| Effective tax rate % | 22% | 34% | 23% | 22% | 20% | 28% | 23% | 23% | 23% | 25% | 19% | 27% |
| Profit after tax | 28 | 25 | 36 | 29 | 40 | 30 | 43 | 28 | 73 | 33 | 64 | 37 |
| Earnings per share (Rs) | 4.54 | 4.19 | 5.96 | 4.83 | 6.65 | 4.98 | 7.08 | 4.65 | 12.19 | 5.56 | 10.60 | 6.19 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,513 | 1,611 | 1,946 | 2,336 | 1,943 | 1,864 | 2,324 | 2,909 | 3,521 | 3,884 | 4,852 | 5,144 |
| Operating costs | 1,372 | 1,466 | 1,743 | 2,091 | 1,757 | 1,686 | 2,130 | 2,663 | 3,180 | 3,501 | 4,414 | 4,683 |
| EBITDA | 141 | 146 | 203 | 245 | 187 | 177 | 193 | 246 | 341 | 383 | 438 | 460 |
| EBITDA margin % | 9% | 9% | 10% | 10% | 10% | 10% | 8% | 8% | 10% | 10% | 9% | 9% |
| Depreciation & amortisation | 55 | 58 | 68 | 81 | 98 | 94 | 100 | 122 | 154 | 171 | 193 | 193 |
| Finance costs | 42 | 43 | 43 | 24 | 20 | 16 | 18 | 36 | 52 | 57 | 69 | 69 |
| Non-operating income | 1 | 7 | 4 | 6 | 10 | 11 | 6 | 11 | 14 | 29 | 80 | 72 |
| Pre-tax profit | 45 | 52 | 97 | 145 | 78 | 78 | 81 | 100 | 150 | 185 | 256 | 271 |
| Effective tax rate % | 25% | 20% | 32% | 34% | 27% | 26% | 31% | 27% | 27% | 23% | 22% | |
| Profit after tax | 34 | 42 | 66 | 96 | 57 | 58 | 56 | 74 | 110 | 142 | 199 | 208 |
| Earnings per share (Rs) | 6.54 | 8.07 | 10.80 | 15.81 | 9.45 | 9.59 | 9.26 | 12.12 | 18.24 | 23.53 | 33.01 | 34.54 |
| Paid out as dividend % | 54% | 25% | 19% | 16% | 21% | 23% | 24% | 21% | 18% | 15% | 12% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | 12% | 21% | 19% | 27% | ||
| Profit CAGR | 15% | 20% | 26% | 51% | ||
| Share price CAGR | % | 16% | 13% | 30% | ||
| Average return on equity | 10% | 10% | 12% | 12% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net block (property, plant) | 476 | 528 | 595 | 678 | 743 | 831 | 842 | 942 | 1,172 | 1,336 | 1,343 | 1,652 |
| Capital work in progress | 40 | 55 | 29 | 72 | 37 | 33 | 15 | 128 | 115 | 76 | 69 | 115 |
| Investments | 3 | 4 | 11 | 24 | 39 | 48 | 58 | 53 | 49 | 57 | 61 | 67 |
| Current & other assets | 396 | 377 | 433 | 811 | 642 | 454 | 682 | 853 | 814 | 950 | 1,318 | 1,642 |
| Total assets | 916 | 965 | 1,067 | 1,585 | 1,462 | 1,367 | 1,597 | 1,976 | 2,150 | 2,420 | 2,790 | 3,477 |
| Share capital | 10 | 51 | 51 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 |
| Reserves & surplus | 249 | 222 | 251 | 574 | 659 | 702 | 744 | 799 | 860 | 956 | 1,079 | 1,273 |
| Total debt | 370 | 395 | 460 | 484 | 268 | 283 | 310 | 620 | 666 | 741 | 924 | 1,148 |
| Other liabilities & provisions | 286 | 296 | 305 | 467 | 475 | 321 | 482 | 497 | 563 | 662 | 727 | 996 |
| Equity + liabilities | 916 | 965 | 1,067 | 1,585 | 1,462 | 1,367 | 1,597 | 1,976 | 2,150 | 2,420 | 2,790 | 3,477 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 100 | 144 | 96 | 188 | 133 | 239 | 124 | 49 | 308 | 275 | 247 | 210 |
| Investing cash flow | -118 | -103 | -107 | -186 | -141 | -112 | -98 | -310 | -269 | -241 | -300 | -268 |
| Free cash flow (after capex) | -11 | 37 | -10 | 13 | 12 | 153 | 49 | -247 | 58 | 42 | -59 | -71 |
| Financing cash flow | 20 | -41 | 14 | 247 | -243 | -124 | -26 | 260 | -37 | -7 | 101 | 28 |
| Net change in cash | 2 | -0 | 2 | 249 | -251 | 3 | -1 | -2 | 2 | 27 | 48 | -30 |
| Cash conversion (OCF / EBITDA) % | 80% | 113% | 72% | 101% | 76% | 141% | 81% | 35% | 136% | 91% | 78% | 60% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on capital employed % | 14% | 13% | 15% | 16% | 10% | 9% | 8% | 9% | 12% | 12% | 12% | |
| Receivable days | 46 | 40 | 47 | 50 | 53 | 36 | 70 | 70 | 45 | 47 | 52 | 62 |
| Inventory days | 63 | 65 | 63 | 66 | 58 | 64 | 71 | 67 | 60 | 57 | 63 | 67 |
| Payable days | 90 | 91 | 90 | 112 | 94 | 79 | 132 | 100 | 82 | 83 | 81 | 93 |
| Cash cycle (days) | 19 | 14 | 19 | 5 | 17 | 22 | 9 | 37 | 23 | 22 | 34 | 36 |
| Working capital days | 24 | 18 | -29 | -72 | -14 | -13 | 12 | 3 | -2 | -10 | -14 | -11 |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter group % | 70.38% | 70.38% | 70.38% | 70.38% | 70.38% | 70.38% | 70.38% | 70.38% | 70.38% | 70.38% | 70.38% | 70.38% |
| Foreign investors % | 1.35% | 1.52% | 1.48% | 1.61% | 0.90% | 0.73% | 0.69% | 0.83% | 0.66% | 1.16% | 0.77% | 2.09% |
| Domestic institutions % | 16.96% | 16.41% | 16.15% | 16.31% | 16.17% | 15.69% | 15.70% | 15.75% | 15.85% | 15.88% | 17.39% | 14.82% |
| Retail & others % | 11.30% | 11.69% | 11.99% | 11.69% | 12.54% | 13.21% | 13.23% | 13.05% | 13.11% | 12.58% | 11.47% | 12.71% |
| Shareholder count | 29,346 | 31,286 | 37,270 | 35,855 | 37,588 | 40,195 | 40,783 | 39,063 | 39,722 | 39,514 | 41,860 | 45,879 |
Fundamentals
Market value₹ 3,503 Cr.
Last price₹ 583
P/E (trailing)16.7
Book value / share₹ 221
Return on capital12.3 %
Return on equity11.5 %
Dividend yield0.69 %
Face value₹ 10.0
Revenue CAGR (TTM)27%
Profit CAGR (TTM)51%
Consolidated figures.
Valuation
Market capRs 3,394 Cr
Enterprise valueRs 4,490 Cr
P/E (TTM)16.32x
Price to book2.55x
Price to sales0.66x
EV / EBITDA8.43x
EV / EBIT13.21x
EV / sales0.87x
Price to cash flow16.17x
Earnings yield6.13%
Dividend yield0.71%
P/E, 3-year average19.40x
P/B, 3-year average2.36x
P/E, 5-year average19.70x
P/B, 5-year average1.99x
Profitability
Operating margin (excl. other income)9.02%
Operating margin (incl. other income)10.67%
EBITDA margin10.36%
Pre-tax margin5.26%
Net profit margin4.04%
Net margin, latest quarter2.70%
ROE16.07%
ROCE14.28%
ROA6.34%
ROE, 3-year average13.51%
ROCE, 3-year average12.99%
ROA, 3-year average5.53%
ROE, 5-year average11.09%
ROCE, 5-year average11.10%
ROA, 5-year average4.65%
ROIC (approx.)10.86%
Tax rate22.32%
Other income / net worth6.02%
Growth
Sales growth (latest year)24.91%
Profit growth (latest year)40.26%
Sales CAGR, 3 years18.59%
Sales CAGR, 5 years21.09%
Profit CAGR, 3 years39.63%
Profit CAGR, 5 years28.03%
Sales growth QoQ5.73%
Profit growth QoQ-41.59%
Sales growth YoY (latest quarter)26.77%
Profit growth YoY (latest quarter)33.10%
Per share
EPS (TTM)Rs 34.55
EPS (latest year)Rs 33.01
EPS (latest quarter)Rs 6.19
EPS, 3-year averageRs 24.93
EPS, 5-year averageRs 19.23
Book value per shareRs 221.48
Sales per shareRs 854.60
Cash flow per shareRs 34.87
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 3.58
Dividend per share, 5-year averageRs 3.10
Dividends
Dividend payout12.12%
Dividend payout, 3-year average14.94%
Dividend payout, 5-year average17.95%
Efficiency
Asset turnover1.40x
Fixed asset turnover2.94x
Inventory turnover6.39x
Inventory days57 days
Debtor days62 days
Debtors turnover5.90x
Leverage
Total debtRs 1,148 Cr
Cash and bankRs 51 Cr
Net debtRs 1,096 Cr
Debt to equity0.86x
Net debt / EBITDA2.06x
Interest coverage4.91x
Current ratio (filing 2026-03-31)0.94x
Quick ratio (filing 2026-03-31)0.60x
Trade payables (filing 2026-03-31)Rs 782 Cr
Owners' fund to total sources38.35%
Debt to assets33.01%
Cash flow
Operating cash flow (latest year)Rs 210 Cr
Investing cash flow (latest year)Rs -268 Cr
Financing cash flow (latest year)Rs 28 Cr
Net change in cash (latest year)Rs -30 Cr
Sales to cash flow23.12x
Statement figures
Net sales (TTM)Rs 5,144 Cr
Net sales (latest year)Rs 4,852 Cr
Sales (latest quarter)Rs 1,382 Cr
Operating profit excl. other income (latest year)Rs 438 Cr
Operating profit (latest quarter)Rs 105 Cr
Other income (TTM)Rs 72 Cr
EBITDA (TTM)Rs 533 Cr
PBDT (TTM)Rs 464 Cr
Profit before tax (TTM)Rs 271 Cr
Tax (latest year)Rs 57 Cr
Net profit (TTM)Rs 208 Cr
Net profit (latest year)Rs 199 Cr
Net profit (latest quarter)Rs 37 Cr
Depreciation (TTM)Rs 193 Cr
Depreciation (latest quarter)Rs 50 Cr
Interest (TTM)Rs 69 Cr
Cost of goods sold (latest year)Rs 3,584 Cr
Total expenditure (latest year)Rs 4,414 Cr
Total income (latest year)Rs 4,932 Cr
Share capitalRs 60 Cr
ReservesRs 1,273 Cr
Shareholders' fundsRs 1,333 Cr
Total assetsRs 3,477 Cr
Net blockRs 1,652 Cr
Capital work in progressRs 115 Cr
InvestmentsRs 67 Cr
ReceivablesRs 823 Cr
InventoryRs 561 Cr
Other liabilitiesRs 996 Cr
Shares outstanding (crore)6.02
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 16.3 is at the 11th percentile of its own 8.6-year range
(median 24.6, low 8.3, high 57.2).
P/B 2.55 is at the 57th percentile (median 2.31).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | SANDHAR | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.0% | -2.8% | +0.7 pts |
| 1 month | -13.7% | -6.8% | -6.9 pts |
| 3 months | -19.4% | -7.6% | -11.8 pts |
| 6 months | +29.0% | +0.4% | +28.6 pts |
| 1 year | +21.6% | -9.9% | +31.5 pts |
| 2 years | -3.6% | -13.6% | +9.9 pts |
| 3 years | +38.8% | +14.2% | +24.6 pts |
| 5 years | +103.7% | +27.9% | +75.8 pts |
16 mutual fund schemes hold about ₹535 Cr.
Over three months 6 bought more and 5 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Nippon India Small Cap Fund | 0.20% | 162 | +7% |
| DSP Small Cap Fund | 0.55% | 120 | +3% |
| Kotak Small Cap Fund | 0.57% | 113 | +7% |
| Bandhan Large & Mid Cap Fund | 0.22% | 46 | -4% |
| UTI Transportation & Logistics Fund | 0.71% | 31 | -4% |
| ICICI Pru Dividend Yield Fund | 0.39% | 26 | +14% |
| ICICI Pru Aggressive Hybrid Fund(A | 0.03% | 15 | -21% |
| Groww Small Cap Fund | 0.82% | 6 | -30% |
| The Wealth Company Flexi Cap Fund | 2.18% | 5 | +83% |
| ITI ELSS Tax Saver Fund | 1.01% | 5 | +163% |
| Quantum Small Cap Fund | 1.81% | 5 | +3% |
| The Wealth Company Small Cap Fund | 0.96% | 1 | -4% |
| Groww Multicap Fund | 0.00% | 0 | -100% |
| Groww Value Fund(M | 0.00% | 0 | -100% |
| Bandhan Transportation and Logistics Fund | 0.00% | 0 | -100% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +6% |
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹1,382 Cr +26.8% vs Jun 2025.
Net profit ₹37 Cr +32.1%.
Against our estimate for Jun 2026: sales +1.2%, profit -29.5% miss. Our estimate for Sep 2026: sales Rs 1,624 Cr, profit Rs 62 Cr (how).
Activity
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|---|---|---|---|
| Samvardhana Motherson International Ltd | 167,351 | 36.6 | 13.4 % |
| Bosch Ltd | 134,797 | 57.0 | 21.5 % |
| Bharat Forge Ltd | 94,900 | 94.0 | 12.6 % |
| Uno Minda Ltd | 67,102 | 54.9 | 19.6 % |
| Schaeffler India Ltd | 61,271 | 47.5 | 27.9 % |
| Sona BLW Precision Forgings Ltd | 50,907 | 65.5 | 15.1 % |
| Tube Investments of India Ltd | 46,709 | 74.5 | 17.1 % |
| Endurance Technologies Ltd | 37,343 | 37.9 | 17.8 % |
| Exide Industries Ltd | 34,595 | 36.9 | 8.54 % |
| Dhoot Transmission Ltd | 30,776 | 68.7 | 24.4 % |
| Craftsman Automation Ltd | 27,475 | 58.7 | 13.9 % |
| Sansera Engineering Ltd | 27,228 | 78.1 | 13.7 % |
| ZF Commercial Vehicle Control System India Ltd | 26,150 | 53.2 | 19.1 % |
| Asahi India Glass Ltd | 24,421 | 54.7 | 11.5 % |
| Sundram Fasteners Ltd | 24,022 | 38.7 | 17.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-11 | Dividend - Rs 4 Per Share | |
| 2025-09-12 | Dividend - Rs 3.50 Per Share | |
| 2024-09-17 | Dividend - Rs 3.25 Per Share | |
| 2024-09-17 | Annual General Meeting | |
| 2023-09-14 | Dividend - Rs 2.50 Per Share | |
| 2023-09-14 | Annual General Meeting | |
| 2022-09-14 | Annual General Meeting/Dividend - Rs 2.25 Per Share | |
| 2022-04-20 | Extra Ordinary General Meeting | |
| 2021-09-15 | Annual General Meeting/Dividend - Re 1 Per Share | |
| 2021-02-24 | Interim Dividend - Rs 1.25 Per Share | |
| 2020-09-15 | Annual General Meeting/Dividend - Rs 0.75 Per Share | |
| 2020-02-18 | Interim Dividend - Rs 1.25 Per Share | |
| 2019-08-29 | Annual General Meeting/Dividend - Rs 1.25 Per Share | |
| 2018-11-15 | Interim Dividend - Rs 1.25 Per Sh | |
| 2018-08-31 | Annual General Meeting |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Sandhar Technologies Limited?
Sandhar Technologies Limited (SANDHAR) has a market capitalisation of Rs 3,503 Cr. at the 2026-10-01 close.
What is the P/E ratio of Sandhar Technologies Limited?
Sandhar Technologies Limited trades at a P/E of 16.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were Sandhar Technologies Limited's latest quarterly results?
In the Jun 2026 quarter, Sandhar Technologies Limited sales was Rs 1,382 Cr (+26.8% vs Jun 2025) and net profit was Rs 37 Cr.
What is the 52-week high and low of Sandhar Technologies Limited?
The 52-week high is Rs 763.20 and the 52-week low is Rs 424.00.