SANDHARConsumer Discretionary

Sandhar Technologies Limited

Auto Components & Equipments · ISIN INE278H01035 · BSE 541163 · NSE EQ · FV ₹10
Last price
₹588
+0.86%today
What this company does

Sandhar Technologies Limited operates in Auto Components & Equipments, part of the Consumer Discretionary sector. It booked ₹1,382 cr of revenue in its latest quarter (Q1 FY27) and kept 2.7% of sales as profit.

In the report:
55out of 100
Equitytale Health Score
Mixed

Healthier than 55% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 63–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
34

At close. Not part of the score.

Profitability & returns59

How much profit it earns on the money it employs

Balance sheet33

How much it owes, and whether earnings cover the interest

Cash quality43

Whether reported profit actually arrives as cash

Growth & consistency88

Whether sales and profit have grown, and how steadily

Valuation26

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 27% vs last year
Profit up 33% vs last year
Promoters hold 70%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 2.7% net margin

What if I invest in SANDHAR?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹588 +0.86%
latest close · 2026-09-17
1-year return
+127.9%
52-wk low ₹20152-wk high ₹705
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio23.8Average
LowAverageHigh
P/B ratio2.66Moderate
Below bookModerateHigh
EV / EBITDA9.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity11.2%Fair
WeakFairStrong ▸15%
Return on capital15.0%Fair
WeakFairStrong
Net margin2.7%Thin
ThinDecentStrong
EBITDA margin8.6%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.71Moderate
LowModerateHigh ▸1
Interest cover3.9×Okay
RiskyOkayStrong ▸5×
Current ratio0.94Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹3,541 cr
Book value
₹221
EPS
₹6.19
latest quarter
Net debt
₹897 cr
owes more than its cash
Enterprise value
₹4,438 cr
EBITDA
₹475 cr
annualised
EBIT
₹275 cr
annualised
Operating margin
5.0%
Return on assets
4.3%
Earnings yield
4.21%
P/S
0.64
Sales / share
₹918.4
Tax rate
27.1%
Face value
₹10
Shares
6.0 cr
Working capital
₹-101 cr
Current assets
₹1,534 cr
Current liabilities
₹1,635 cr
Delivery %
50.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹290 vs market price ₹588 — price is 103% above it
Safety cushion-103.1%(target ≥ +20%)
Models span ₹193₹386, midpoint ₹290
Model ₹290
Price ₹588
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,382 cr
Other Income₹12 cr
Total Income₹1,394 cr
Cost of Materials₹894 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-4 cr
Employee Benefit Expense₹188 cr
Finance Costs₹18 cr
Depreciation & Amortisation₹50 cr
Other Expenses₹199 cr
Total Expenses₹1,344 cr
Exceptional Items₹1 cr
Profit before Tax₹51 cr
Tax Expense₹14 cr
Net Profit₹37 cr
Net margin on total income2.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹890 cr63.8%
Employee benefit expense₹188 cr13.4%
Finance costs₹18 cr1.3%
Depreciation & amortisation₹50 cr3.6%
Other expenses₹199 cr14.3%
Tax expense₹14 cr1.0%
Profit for the period₹37 cr2.7%
Total income ₹1,394 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,185 cr1,307 cr1,382 cr
Total income1,187 cr1,323 cr1,394 cr
Expenses1,142 cr1,246 cr1,344 cr
Profit before tax45 cr79 cr51 cr
Tax11 cr15 cr14 cr
Net profit (owners' share)33 cr64 cr37 cr
Net margin (owners' share, on revenue)2.8%4.9%2.7%
EPS (₹)5.5610.606.19
YoY (latest quarter): total income +25.6% · net profit +33.1%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹3,476 cr
Shareholder equity
₹1,333 cr
parent shareholders
Total debt
₹948 cr
Cash
₹51 cr
Cash flow · H1 FY26
Operating
₹95 cr
Investing
₹-79 cr
Financing
₹-36 cr
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹162₹1.71 L cr41.3
Bosch Limited₹47,735₹1.41 L cr49.8
Bharat Forge Limited₹1,919₹91,740 cr
UNO Minda Limited₹1,205₹69,583 cr58.8
Schaeffler India Limited₹3,991₹62,379 cr48.0
Tube Investments of India Limited₹2,599₹50,313 cr74.6
Sona BLW Precision Forgings Limited₹778₹48,388 cr67.1
Endurance Technologies Limited₹2,691₹37,849 cr38.7
Exide Industries Limited₹419₹35,581 cr25.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.68%
trailing 12 months
Dividend / share (TTM)
₹4
Last dividend
₹4
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹4 / share11 Sep 2026
Dividend₹3.5 / share12 Sep 2025
Dividend₹3.25 / share17 Sep 2024
Dividend₹2.5 / share14 Sep 2023
Dividend₹2.25 / share14 Sep 2022
Dividend₹1 / share15 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
70.4%
FII / Foreign
2.1%
DII / Domestic
14.8%
Retail / others
12.7%
Smart-money activity
Insider trades
SoldDHARMENDAR NATH DAVAR · Immediate relative8.40 L7 Dec 23
BoughtJAYANT DAVAR · Immediate relative8.40 L7 Dec 23
BoughtJAYANT DAVAR · Promoters600 · ₹1.5 L29 Nov 21
Bulk / block deals
short · NSE230 Jul 26
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE3.16 L @ ₹579.0321 May 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE3.16 L @ ₹579.3621 May 26
Stake changes
BoughtMATHEWS V. ABRAHAM · promoter→ 7.09% · 22.58 L30 Mar 26
BoughtCream & Cookies Family Trust · promoter→ 4.36% · 26.23 L29 Aug 25
BoughtHazelnut Family trust · promoter→ 4.36% · 26.23 L29 Aug 25
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 19 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended the 31st March, 2025 together with the reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.08 cr votes for, 6,100 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend of INR. 3.5/- (Indian Three Rupees Fifty Paise) each on the fully paid up Equity Shares of the Company of face value of INR. 10/- (Indian Rupees Ten) each for the financial year 2024-2025.
Backed by 100% of shareholders other than promotersneeded 50%
1.08 cr votes for, 6,100 against · 0% of mutual funds and other big investors said no
3
To consider and approve re-appointment of Shri. Neel Jay Davar (DIN: 09201336), as a Non-Executive Non-Independent Director, who retires by rotation and being eligible offers himself for re-appointment
Backed by 74% of shareholders other than promotersneeded 50%
79.43 L votes for, 28.36 L against · 29% of mutual funds and other big investors said no
4
To appoint M/s K K Sachdeva & Associates, as Secretarial Auditor of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
1.08 cr votes for, 6,102 against · 0% of mutual funds and other big investors said no
6
Re- Appointment of Shri. Jayant Davar (DIN: 00100801) as Executive Chairman (Executive Director) & Chief Executive Officer of the Company for 5 years w.e.f 01st January, 2026.
⚑ Passed only because promoters voted yes
Backed by 16% of shareholders other than promotersneeded 75%
16.90 L votes for, 90.88 L against · 93% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 12 named members
owning 70.4% between them · as of 2026-06-30
Jayant Davar50.56%
Jayant Davar (Trustee and First Holder of Cream and Cookies Family Trust)4.36%
Jayant Davar (Trustee and First Holder of Hazelnut Family Trust)4.36%
Sanjeevni Impex Private Limited2.80%
Ysg Estates Private Limited2.76%
Neel Jay Davar2.59%
Sandhar Infosystems Llp1.32%
Jubin Finance And Investment Ltd0.95%
Business done with them
FY2025 · 3 of the group
The company paid ₹20 cr to companies in the promoter group last year — about 0.5% of its ₹3,885 cr revenue and received ₹1 cr back from them.
Jayant Davar
Other payments to them · Lease rentals, Managerial remuneration, Dividend paid
also owns 50.56% of the company
₹20 cr
company paid
JUBIN FINANCE AND INVESTMENT LIMITED
Leases As Lessee · Lease rentals
also owns 0.95% of the company
₹3 cr
company received
JUBIN FINANCE AND INVESTMENT LIMITED
Contribution received from them · Lease rentals
also owns 0.95% of the company
₹98.9 L
company received
SANDHAR ESTATES PRIVATE LIMITED
Contribution received from them · Lease rentals
also owns 0.58% of the company
₹36 L
company received
SANDHAR ESTATES PRIVATE LIMITED
Leases As Lessee · Lease rentals
also owns 0.58% of the company
₹32.7 L
company received

The company also transacted with 10 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.