Sandhar Technologies Limited

Sandhar Technologies Limited

₹ 602 2.32%
25 Jul 4:01 p.m.
About

Sandhar Technologies Ltd and its joint ventures are primarily engaged in the manufacturing and assembling of automotive components for the automotive industry in India.[1]

Key Points

Product Portfolio
The company is engaged in manufacturing of diverse range of products with a primary focus on safety and security systems for automobiles across segments. Its product portfolio includes Automotive locking and security systems, Automotive Vision Systems, Stampings, Operators Cabins & Structural Parts, Zinc Die Casting, Aluminium Die Casting, Magnesium Die Casting, Automotive Optoelectronics, Polymers, Painting, Plating and Coating, Commercial Tooling, Helmets, Assemblies, Fuel Pumps, Filters and Wiper Blades. [1]

  • Market Cap 3,626 Cr.
  • Current Price 602
  • High / Low 629 / 343
  • Stock P/E 31.2
  • Book Value 171
  • Dividend Yield 0.41 %
  • ROCE 15.0 %
  • ROE 11.9 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 19.1%

Cons

  • Stock is trading at 3.53 times its book value
  • Company has a low return on equity of 9.66% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
550 318 536 514 573 571 632 600 595 644 684 695 693
484 298 486 470 520 525 583 541 544 590 625 625 623
Operating Profit 65 19 50 44 53 45 48 60 51 54 59 69 70
OPM % 12% 6% 9% 9% 9% 8% 8% 10% 9% 8% 9% 10% 10%
3 1 2 1 -0 1 -1 2 6 3 3 2 -2
Interest 2 2 2 2 4 4 4 4 4 3 3 3 5
Depreciation 18 18 18 19 20 22 21 21 21 21 23 22 24
Profit before tax 48 1 32 24 29 22 23 37 33 32 36 47 39
Tax % 22% 27% 25% 32% 30% 27% 26% 27% 25% 27% 23% 28% 31%
37 1 24 16 20 16 17 27 25 24 28 34 27
EPS in Rs 6.23 0.16 3.94 2.73 3.37 2.62 2.76 4.45 4.09 3.92 4.60 5.59 4.54
Raw PDF
Upcoming result date: 8 August 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,041 1,257 1,291 1,369 1,684 2,037 1,640 1,585 1,941 2,397 2,716
939 1,132 1,162 1,243 1,497 1,816 1,481 1,432 1,775 2,193 2,464
Operating Profit 102 125 129 126 187 221 159 154 166 205 252
OPM % 10% 10% 10% 9% 11% 11% 10% 10% 9% 9% 9%
2 1 -2 5 4 5 10 9 4 9 6
Interest 34 35 37 36 38 17 13 9 9 16 14
Depreciation 30 43 47 48 55 67 76 69 74 84 90
Profit before tax 41 48 43 47 98 142 81 85 86 114 154
Tax % 17% 27% 26% 19% 31% 33% 25% 24% 29% 26% 27%
34 35 32 38 68 95 61 65 61 84 112
EPS in Rs 7.20 6.81 6.31 7.52 11.25 15.84 10.12 10.84 10.21 13.92 18.65
Dividend Payout % 28% 27% 32% 27% 18% 16% 20% 21% 22% 18% 17%
Compounded Sales Growth
10 Years: 10%
5 Years: 6%
3 Years: 20%
TTM: 13%
Compounded Profit Growth
10 Years: 13%
5 Years: 4%
3 Years: 21%
TTM: 40%
Stock Price CAGR
10 Years: %
5 Years: 18%
3 Years: 26%
1 Year: 72%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 10%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 10 51 51 60 60 60 60 60 60 60
Reserves 188 240 210 239 563 648 697 747 800 869 967
246 284 282 329 329 114 54 62 263 146 210
177 216 221 227 369 357 231 378 338 305 406
Total Liabilities 621 750 764 846 1,322 1,180 1,042 1,247 1,462 1,379 1,643
349 404 427 476 533 590 601 602 654 652 686
CWIP 23 22 40 22 64 28 22 7 36 14 43
Investments 32 32 40 35 49 67 91 114 164 196 231
217 293 257 313 676 495 328 523 608 518 683
Total Assets 621 750 764 846 1,322 1,180 1,042 1,247 1,462 1,379 1,643

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
97 144 74 176 106 193 97 18 247 139
-100 -84 -73 -154 -114 -77 -75 -191 -87 -159
24 -60 1 228 -245 -113 -24 173 -160 20
Net Cash Flow 21 -1 2 251 -253 2 -2 -1 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 41 47 38 46 51 54 36 80 76 45 54
Inventory Days 30 40 39 40 42 38 43 48 44 37 36
Days Payable 73 78 79 77 99 82 66 119 78 57 66
Cash Conversion Cycle -2 9 -1 9 -6 9 12 10 42 25 23
Working Capital Days 8 -1 -14 4 -47 23 20 31 49 31 30
ROCE % 18% 17% 14% 17% 18% 11% 11% 10% 12% 15%

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
70.37% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38%
1.47% 1.25% 0.98% 1.05% 1.09% 0.90% 0.91% 1.65% 1.35% 1.52% 1.48% 1.61%
15.88% 15.68% 15.46% 16.11% 15.58% 16.81% 16.52% 16.96% 16.96% 16.41% 16.15% 16.31%
12.27% 12.69% 13.18% 12.46% 12.95% 11.92% 12.19% 11.01% 11.30% 11.69% 11.99% 11.69%
No. of Shareholders 32,12333,24633,66432,64734,12532,18130,73128,41229,34631,28637,27035,855

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls