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Swing Capital

Sandhar Technologies Limited

NSE: SANDHAR BSE: 541163

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]

₹514
52W: ₹386 — ₹601
PE 17.7 · Book ₹205 · +151% vs book
Market Cap₹3,091 Cr
Stock P/E17.7Price to Earnings
ROCE14.8%Return on Capital
ROE12.2%Return on Equity
Div. Yield0.68%Face Value ₹10

Weaknesses

  • −Company has a low return on equity of 11.2% over last 3 years.

Shareholding Pattern

Promoters70.38%
FIIs0.77%
DIIs17.39%
Public11.47%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters70.38%70.38%70.38%70.38%70.38%70.38%70.38%70.38%
FIIs1.61%0.9%▼0.70.73%▼0.20.69%▼0.00.83%▲0.10.66%▼0.21.16%▲0.50.77%▼0.4
DIIs16.31%16.17%▼0.115.69%▼0.515.7%▲0.015.75%▲0.115.85%▲0.115.88%▲0.017.39%▲1.5
Public11.69%12.54%▲0.813.21%▲0.713.23%▲0.013.05%▼0.213.11%▲0.112.58%▼0.511.47%▼1.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales684695693674741740759728805737
Expenses625625623618670664684671731668
Operating Profit59697057707675577469
OPM %9%10%10%8%9%10%10%8%9%9%
Net Profit28342725373543257533
EPS ₹4.65.594.544.16.115.857.154.2212.395.44

AI Insights

Revenue Trend

TTM revenue at ₹3,029Cr, up 4% YoY. OPM at 9%.

Debt Position

Borrowings at ₹209Cr. Debt-to-equity ratio: 0.18x. Healthy balance sheet.

Capex Cycle

CWIP at ₹40Cr (6% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 17.39% (+0.43pp change). FIIs: 0.77% (-0.88pp change). Promoters hold 70.38%.

Margin & Efficiency

ROCE improving from 0% (Mar 2014) to 15% (Mar 2025). Working capital days: 21.

Valuation

PE 17.7x with 14.8% ROCE. Price is 151% above book value of ₹205. Dividend yield: 0.68%.

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