As of 6 Nov 2026, Sandhar Technologies trades at 13.9× trailing earnings, below the industry P/E of 25.6×, and the shares are 37% below their 52-week high. Sales and net profit grew 19% and 40% a year over 3 years, with ROCE of 17% and ROE of 14%. Debt is 0.85× equity, and its dividend yield is 0.8%. It is a small-cap company with a market cap of ₹2,889 Cr, ranked 50th of 140 Auto Parts companies by market cap; the shares fell 11% over the past year.
- ₹474.00
- ₹493.00
- ₹469.60
- ₹483.40
- 1.5 L
Health check
- ReturnsBehind
−11.2% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 13.9 vs industry 25.6.
- GrowthStrong
Sales +18.7%, profit +39.6% a year over 3 years.
- ProfitabilityAverage
ROCE 17.4% vs peer median 15.6%.
- Balance sheetFair
Debt 0.85× equity, interest covered 4.9×, Piotroski 5 of 9.
- Red flags1 to check
37% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,889 Cr
- Small cap
- P/E
- 13.9
- Industry 25.6
- Price to book
- 2.05
- Peers 8.75
- Dividend yield
- 0.84%
- ROE
- 14.5%
- Peers 12.3%
- ROCE
- 17.4%
- Peers 15.6%
- Debt to equity
- 0.85
- Debt ₹1,194 Cr
- EPS (TTM)
- ₹34.54
- Face value ₹10
- OPM (TTM)
- 12.5%
- Net margin 3.5%
- Sales growth
- +26.8%
- Latest quarter vs a year ago
- Profit growth
- +33.1%
- Latest quarter vs a year ago
- Price to sales
- 0.53
- EV/EBITDA 9.5
Strengths and risks
Strengths
- Quarterly profit up 33.1% on a year ago.
- Quarterly sales up 26.8% on a year ago.
- P/E of 13.9 against an industry P/E of 25.6.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- 37% below its 52-week high.
About Sandhar Technologies
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…
- Headquarters
- Gurugram
- Employees
- 1,253
- Sector
- Consumer Cyclical
- ISIN
- INE278H01035
- Website
- sandhargroup.com
Price range
- Avg volume (3M)
- 1.7 L
- 1-year return
- minus 11.2%
- From 52-week high
- minus 37.3%
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| SANDHARSandhar Technologies | 478.90 | minus 0.93% | 2,889 | 13.9 | 2.05 | 17.4% | 16.1% | 4.0% | 18.7% | 39.6% | 0.84% | minus 11.2% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,090 | 1,270 | 1,185 | 1,307 | 1,382 | |
| 849 | 1,152 | 1,076 | 1,178 | 1,095 | |
| 241 | 118 | 108 | 129 | 287 | |
| 22.1% | 9.3% | 9.1% | 9.9% | 20.7% | |
| 21.3 | 38.7 | 5.3 | 17.7 | 13.5 | |
| 176 | 17.4 | 16.5 | 17.7 | 199 | |
| 50.2 | 43.7 | 49.4 | 50 | 49.9 | |
| – | – | −2.8 | – | – | |
| 36.3 | 95.7 | 44.7 | 79 | 51.1 | |
| 22.9% | 23.3% | 25.2% | 19.2% | 27.1% | |
| 28 | 73.4 | 33.4 | 63.8 | 37.3 | |
| 4.65 | 12.19 | 5.56 | 10.60 | 6.19 |
Profit & loss
- Sales CAGR 3Y
- +18.7%
- Profit CAGR 3Y
- +39.6%
- EPS CAGR 3Y
- +39.6%
- ROE
- 14.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,866 | 3,472 | 3,838 | 4,794 | |
| – | +21.1% | +10.6% | +24.9% | |
| 2,616 | 3,129 | 3,450 | 4,331 | |
| 250 | 343 | 389 | 464 | |
| 8.7% | 9.9% | 10.1% | 9.7% | |
| 2.8 | 7.3 | 14.9 | 5.7 | |
| 34 | 49.1 | 54 | 64.8 | |
| 122 | 154 | 171 | 193 | |
| 2.8 | 2.7 | 5.7 | 44.4 | |
| 100 | 150 | 185 | 256 | |
| 26.7% | 26.6% | 23.3% | 22.3% | |
| 73 | 110 | 142 | 199 | |
| – | +50.4% | +29.0% | +40.3% | |
| 12.12 | 18.24 | 23.53 | 33.00 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 60.2 | 60.2 | 60.2 | 60.2 | |
| 860 | 956 | 1,079 | 1,273 | |
| 657 | 734 | 909 | 1,148 | |
| 578 | 677 | 742 | 995 | |
| 2,155 | 2,427 | 2,790 | 3,476 | |
| 1,236 | 1,351 | 1,470 | 1,625 | |
| 111 | 69.4 | 182 | 120 | |
| 5.1 | 5.4 | 5.5 | 12.5 | |
| 12.6 | 33.1 | 81.1 | 51.1 | |
| 790 | 968 | 1,051 | 1,667 | |
| 2,155 | 2,427 | 2,790 | 3,476 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 308 | 275 | 247 | 210 | |
| −248 | −239 | −290 | −221 | |
| −36.9 | −7.1 | 101 | 28 | |
| 23.5 | 28.7 | 57.6 | 16.9 | |
| −257 | −237 | −316 | −299 | |
| 51.3 | 37.6 | −69.2 | −88.9 | |
| −13.6 | −15.1 | −19.6 | −21.1 |
Shareholding pattern
- Promoters70.38%
- Public29.62%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 70.38% | 29.62% | 0.00 | |
| 30 Jun 2026 | 70.38% | 29.62% | 0.00 | |
| 31 Mar 2026 | 70.38% | 29.62% | 0.00 | |
| 31 Dec 2025 | 70.38% | 29.62% | 0.00 | |
| 30 Sep 2025 | 70.38% | 29.62% | – |
Major shareholders
Filings & events
News
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