About
Sandhar Technologies Limited, together with its subsidiaries, engages in the manufacturing and assembling of automotive components for the automotive industry in India and internationally. It offers automotive locking and security systems, which include locking systems, latches and hinges, and door handles; automotive vision systems; stampings; operator cabins and structural parts for two and four wheelers, and off-road vehicle industry; automotive optoelectronics; and zinc, aluminum, and magnesium die casting products. The company also provides polymers, commercial tooling products, helmets, assemblies, fuel pumps, filters, and wiper blades, as well as painting, plating, and coating products. In addition, it offers locks, sheet metal components, wheel assembly products, cabins, mirror assembly products, handlebar assembly products, plastic parts, and other products. The company was incorporated in 1987 and is based in Gurugram, India.
Key Metrics
as of Sep 2026Market Cap3,753 Cr
P/E17.90
Div Yield0.64 %
Book Value₹221.00
52w High₹764.00
52w Low₹424.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 666.00 | 774.00 | 737.00 | 805.00 | 728.00 | 759.00 | 740.00 | 741.00 | 674.00 | 693.00 | 695.00 | 684.00 | 644.00 |
| Expenses | 614.00 | 706.00 | 668.00 | 731.00 | 671.00 | 684.00 | 664.00 | 670.00 | 618.00 | 623.00 | 625.00 | 625.00 | 590.00 |
| Operating Profit | 51.00 | 69.00 | 69.00 | 74.00 | 57.00 | 75.00 | 76.00 | 70.00 | 57.00 | 70.00 | 69.00 | 59.00 | 54.00 |
| OPM % | 8.00 | 9.00 | 9.00 | 9.00 | 8.00 | 10.00 | 10.00 | 9.00 | 8.00 | 10.00 | 10.00 | 9.00 | 8.00 |
| Other Income | 12.00 | 16.00 | 4.00 | 46.00 | 9.00 | 10.00 | 3.00 | 9.00 | 5.00 | -2.00 | 2.00 | 3.00 | 3.00 |
| Depreciation | 17.00 | 22.00 | 23.00 | 20.00 | 25.00 | 25.00 | 25.00 | 24.00 | 23.00 | 24.00 | 22.00 | 23.00 | 21.00 |
| Interest | 5.00 | 5.00 | 5.00 | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 3.00 | 3.00 | 3.00 |
| Profit before tax | 42.00 | 57.00 | 45.00 | 95.00 | 35.00 | 53.00 | 49.00 | 50.00 | 34.00 | 39.00 | 47.00 | 36.00 | 32.00 |
| Tax % | 27.00 | 19.00 | 27.00 | 21.00 | 26.00 | 19.00 | 28.00 | 27.00 | 27.00 | 31.00 | 28.00 | 23.00 | 27.00 |
| Net Profit | 31.00 | 46.00 | 33.00 | 75.00 | 25.00 | 43.00 | 35.00 | 37.00 | 25.00 | 27.00 | 34.00 | 28.00 | 24.00 |
| EPS in Rs | 5.09 | 7.70 | 5.44 | 12.39 | 4.22 | 7.15 | 5.85 | 6.11 | 4.10 | 4.54 | 5.59 | 4.60 | 3.92 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,044.00 | 2,913.00 | 2,716.00 | 2,397.00 | 1,941.00 | 1,585.00 | 1,640.00 | 2,037.00 | 1,684.00 | 1,369.00 | 1,291.00 | 1,257.00 |
| Expenses | 2,776.00 | 2,636.00 | 2,464.00 | 2,193.00 | 1,775.00 | 1,432.00 | 1,481.00 | 1,816.00 | 1,497.00 | 1,243.00 | 1,162.00 | 1,132.00 |
| Operating Profit | 269.00 | 277.00 | 252.00 | 205.00 | 166.00 | 154.00 | 159.00 | 221.00 | 187.00 | 126.00 | 129.00 | 125.00 |
| OPM % | 9.00 | 10.00 | 9.00 | 9.00 | 9.00 | 10.00 | 10.00 | 11.00 | 11.00 | 9.00 | 10.00 | 10.00 |
| Other Income | 74.00 | 26.00 | 6.00 | 9.00 | 4.00 | 9.00 | 10.00 | 5.00 | 4.00 | 5.00 | -2.00 | 1.00 |
| Interest | 21.00 | 20.00 | 14.00 | 16.00 | 9.00 | 9.00 | 13.00 | 17.00 | 38.00 | 36.00 | 37.00 | 35.00 |
| Depreciation | 91.00 | 97.00 | 90.00 | 84.00 | 74.00 | 69.00 | 76.00 | 67.00 | 55.00 | 48.00 | 47.00 | 43.00 |
| Profit before tax | 231.00 | 186.00 | 154.00 | 114.00 | 86.00 | 85.00 | 81.00 | 142.00 | 98.00 | 47.00 | 43.00 | 48.00 |
| Tax % | 23.00 | 25.00 | 27.00 | 26.00 | 29.00 | 24.00 | 25.00 | 33.00 | 31.00 | 19.00 | 26.00 | 27.00 |
| Net Profit | 179.00 | 140.00 | 112.00 | 84.00 | 61.00 | 65.00 | 61.00 | 95.00 | 68.00 | 38.00 | 32.00 | 35.00 |
| EPS in Rs | 29.76 | 23.20 | 18.65 | 13.92 | 10.21 | 10.84 | 10.12 | 15.84 | 11.25 | 7.52 | 6.31 | 6.81 |
| Dividend Payout % | 13.00 | 15.00 | 17.00 | 18.00 | 22.00 | 21.00 | 20.00 | 16.00 | 18.00 | 27.00 | 32.00 | 27.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 60.00 | 60.00 | 60.00 | 60.00 | 60.00 | 60.00 | 60.00 | 60.00 | 60.00 | 51.00 | 51.00 | 10.00 |
| Reserves | 1,251.00 | 1,086.00 | 967.00 | 869.00 | 800.00 | 747.00 | 697.00 | 648.00 | 563.00 | 239.00 | 210.00 | 240.00 |
| Borrowings | 180.00 | 282.00 | 210.00 | 146.00 | 263.00 | 62.00 | 54.00 | 114.00 | 329.00 | 329.00 | 282.00 | 284.00 |
| Other Liabilities | 420.00 | 430.00 | 406.00 | 305.00 | 338.00 | 378.00 | 231.00 | 357.00 | 369.00 | 227.00 | 221.00 | 216.00 |
| Total Liabilities | 1,912.00 | 1,858.00 | 1,644.00 | 1,379.00 | 1,462.00 | 1,247.00 | 1,042.00 | 1,180.00 | 1,322.00 | 846.00 | 764.00 | 750.00 |
| Fixed Assets | 584.00 | 693.00 | 674.00 | 652.00 | 654.00 | 602.00 | 601.00 | 590.00 | 533.00 | 476.00 | 427.00 | 404.00 |
| CWIP | 25.00 | 43.00 | 55.00 | 14.00 | 36.00 | 7.00 | 22.00 | 28.00 | 64.00 | 22.00 | 40.00 | 22.00 |
| Investments | 370.00 | 279.00 | 231.00 | 196.00 | 164.00 | 114.00 | 91.00 | 67.00 | 49.00 | 35.00 | 40.00 | 32.00 |
| Other Assets | 934.00 | 844.00 | 683.00 | 518.00 | 608.00 | 523.00 | 328.00 | 495.00 | 676.00 | 313.00 | 257.00 | 293.00 |
| Total Assets | 1,912.00 | 1,858.00 | 1,644.00 | 1,379.00 | 1,462.00 | 1,247.00 | 1,042.00 | 1,180.00 | 1,322.00 | 846.00 | 764.00 | 750.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -75.00 | 158.00 | 139.00 | 247.00 | 18.00 | 97.00 | 193.00 | 106.00 | 176.00 | 74.00 | 144.00 | 97.00 |
| Cash from Investing Activity | 214.00 | -158.00 | -159.00 | -87.00 | -191.00 | -75.00 | -77.00 | -114.00 | -154.00 | -73.00 | -84.00 | -100.00 |
| Cash from Financing Activity | -155.00 | 30.00 | 20.00 | -160.00 | 173.00 | -24.00 | -113.00 | -245.00 | 228.00 | 1.00 | -60.00 | 24.00 |
| Net Cash Flow | -16.00 | 30.00 | 0.00 | 0.00 | -1.00 | -2.00 | 2.00 | -253.00 | 251.00 | 2.00 | -1.00 | 21.00 |
| Free Cash Flow | -165.00 | 27.00 | 17.00 | 194.00 | -125.00 | 42.00 | 136.00 | 10.00 | 36.00 | -4.00 | 65.00 | 6.00 |
| CFO/OP % | -12.00 | 74.00 | 69.00 | 133.00 | 22.00 | 76.00 | 137.00 | 71.00 | 104.00 | 65.00 | 123.00 | 78.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63.00 | 59.00 | 54.00 | 45.00 | 76.00 | 80.00 | 36.00 | 54.00 | 51.00 | 46.00 | 38.00 | 47.00 |
| Inventory Days | 31.00 | 41.00 | 36.00 | 37.00 | 44.00 | 48.00 | 43.00 | 38.00 | 42.00 | 40.00 | 39.00 | 40.00 |
| Days Payable | 61.00 | 61.00 | 66.00 | 57.00 | 78.00 | 119.00 | 66.00 | 82.00 | 99.00 | 77.00 | 79.00 | 78.00 |
| Cash Conversion Cycle | 33.00 | 38.00 | 23.00 | 25.00 | 42.00 | 10.00 | 12.00 | 9.00 | -6.00 | 9.00 | -1.00 | 9.00 |
| Working Capital Days | 41.00 | 21.00 | 17.00 | 24.00 | 19.00 | 20.00 | 10.00 | 3.00 | -63.00 | -21.00 | -30.00 | -22.00 |
| ROCE % | 15.00 | 15.00 | 15.00 | 12.00 | 10.00 | 11.00 | 11.00 | 18.00 | 17.00 | 14.00 | 17.00 | 18.00 |
Corporate Actions
15 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 12 Sep 2025 | 12 Sep 2025 | — | 3.50 | |
| Dividend | 17 Sep 2024 | 17 Sep 2024 | — | 3.25 | |
| Other | 17 Sep 2024 | — | — | — | Annual General Meeting |
| Dividend | 14 Sep 2023 | 14 Sep 2023 | — | 2.50 | |
| Other | 14 Sep 2023 | — | — | — | Annual General Meeting |
| Dividend | 14 Sep 2022 | — | — | 2.25 | |
| Other | 20 Apr 2022 | — | — | — | E.G.M. |
| Other | 20 Apr 2022 | — | — | — | Extra Ordinary General Meeting |
| Dividend | 15 Sep 2021 | — | — | 1.00 | |
| Dividend | 24 Feb 2021 | 25 Feb 2021 | — | 1.25 | |
| Dividend | 15 Sep 2020 | — | — | 0.75 | |
| Dividend | 18 Feb 2020 | 20 Feb 2020 | — | 1.25 | |
| Dividend | 29 Aug 2019 | — | — | 1.25 | |
| Dividend | 15 Nov 2018 | 16 Nov 2018 | — | 1.25 | |
| Other | 31 Aug 2018 | — | — | — | Annual General Meeting |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update3 Jun from icra
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Rating update22 May from fitch
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Rating update11 Mar from icra
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Rating update23 May 2025 from fitch
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Rating update31 Mar 2025 from icra
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Rating update20 Mar 2025 from care
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