Sandhar Technologies Limited

Sandhar Tech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sandhar Technologies Limited

₹ 511 2.32%
22 Nov - close price
sandhargroup.com BSE: 541163 NSE: SANDHAR
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]

Website BSE NSE
  • Market Cap ₹ 3,074 Cr.
  • Current Price ₹ 511
  • High / Low ₹ 698 / 432
  • Stock P/E 23.6
  • Book Value ₹ 177
  • Dividend Yield 0.64 %
  • ROCE 12.1 %
  • ROE 11.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 20.9%
  • Company's working capital requirements have reduced from 35.2 days to 27.4 days

Cons

  • Stock is trading at 2.88 times its book value
  • Company has a low return on equity of 8.82% 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

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
618 612 684 675 746 723 765 829 885 890 918 913 984
562 563 623 623 690 657 697 756 804 801 820 827 885
Operating Profit 56 49 60 52 57 65 68 73 81 89 98 86 99
OPM % 9% 8% 9% 8% 8% 9% 9% 9% 9% 10% 11% 9% 10%
2 1 1 3 3 2 8 3 4 3 5 7 7
Interest 4 4 6 7 8 9 11 11 13 13 14 14 14
Depreciation 25 25 27 29 29 31 33 35 37 40 42 41 42
Profit before tax 30 22 28 19 23 27 32 30 35 39 46 37 50
Tax % 28% 39% 38% 32% 28% 27% 22% 27% 22% 34% 23% 22% 20%
21 13 18 13 16 20 25 22 28 25 36 29 40
EPS in Rs 3.52 2.16 2.91 2.11 2.70 3.27 4.04 3.55 4.54 4.19 5.96 4.83 6.65
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,482 1,513 1,611 1,946 2,336 1,943 1,864 2,324 2,909 3,521 3,704
1,343 1,372 1,466 1,743 2,091 1,757 1,686 2,130 2,663 3,180 3,333
Operating Profit 139 141 146 203 245 187 177 193 246 341 371
OPM % 9% 9% 9% 10% 10% 10% 10% 8% 8% 10% 10%
6 1 7 4 6 10 11 6 11 14 21
Interest 41 42 43 43 24 20 16 18 36 52 56
Depreciation 52 55 58 68 81 98 94 100 122 154 165
Profit before tax 51 45 52 97 145 78 78 81 100 150 172
Tax % 25% 25% 20% 32% 34% 27% 26% 31% 27% 27%
38 34 42 66 96 57 58 56 74 110 130
EPS in Rs 7.48 6.54 8.07 10.80 15.81 9.45 9.59 9.26 12.12 18.24 21.63
Dividend Payout % 25% 54% 25% 19% 16% 21% 23% 24% 21% 18%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 24%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: 3%
3 Years: 24%
TTM: 40%
Stock Price CAGR
10 Years: %
5 Years: 16%
3 Years: 24%
1 Year: 2%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 9%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 51 51 60 60 60 60 60 60 60 60
Reserves 249 222 251 574 659 702 744 799 860 956 1,008
370 395 460 484 268 283 310 614 666 741 731
286 296 305 467 475 321 482 503 563 662 676
Total Liabilities 916 965 1,067 1,585 1,462 1,367 1,597 1,976 2,150 2,420 2,475
476 528 595 678 743 831 842 942 1,172 1,336 1,332
CWIP 40 55 29 72 37 33 15 128 115 76 88
Investments 3 4 11 24 39 48 58 53 49 57 66
396 377 433 811 642 454 682 853 814 950 988
Total Assets 916 965 1,067 1,585 1,462 1,367 1,597 1,976 2,150 2,420 2,475

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
100 144 96 188 133 239 124 49 308 275
-118 -103 -107 -186 -141 -112 -98 -310 -269 -241
20 -41 14 247 -243 -124 -26 260 -37 -7
Net Cash Flow 2 -0 2 249 -251 3 -1 -2 2 27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 46 40 47 50 53 36 77 70 45 47
Inventory Days 63 65 63 66 58 64 71 67 60 57
Days Payable 90 91 90 112 94 79 131 103 82 83
Cash Conversion Cycle 19 14 19 5 17 22 17 35 23 22
Working Capital Days 24 18 12 -33 27 25 38 47 31 27
ROCE % 14% 13% 15% 16% 10% 9% 8% 9% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38% 70.38%
1.25% 0.98% 1.05% 1.09% 0.90% 0.91% 1.65% 1.35% 1.52% 1.48% 1.61% 0.90%
15.68% 15.46% 16.11% 15.58% 16.81% 16.52% 16.96% 16.96% 16.41% 16.15% 16.31% 16.17%
12.69% 13.18% 12.46% 12.95% 11.92% 12.19% 11.01% 11.30% 11.69% 11.99% 11.69% 12.54%
No. of Shareholders 33,24633,66432,64734,12532,18130,73128,41229,34631,28637,27035,85537,588

* 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.

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