Sandhar Technologies Limited

BSE: SANDHAR541163ISIN INE278H01035

Consumer Discretionary
Auto Components & Equipments
BSE 1000

Share price

₹479.25+19.80 (+4.31%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹764.10
52W low: ₹423.90
Off 52W high: -37.28%
1M return: -13.93%
3M return: -26.77%
6M return: -5.75%
1Y return: -11.89%
20D avg volume: 6,645
50 DMA: ₹566.62
200 DMA: ₹570.03

Key ratios Consolidated

Market cap: ₹2,885 Cr
Current price: ₹479.25
52W high / low: ₹764.10 / ₹423.90
Face value: ₹10.00
P/E: 13.87
P/B: 2.16
EPS (TTM): ₹34.54
Book value / share: ₹221.48
ROE: —
ROCE: 17.60%
Operating margin: —
Net margin: —
Debt / equity: 0.71
Net debt: ₹897.05 Cr
Interest cover: 4.72
Dividend yield: 0.83%
Dividend / share (TTM): ₹4.00
Payout: 11.58%
Cash conversion cycle: 45.2 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,382	1,307	1,185	1,270	1,090	1,014	973.69	984.16	912.57	917.83	889.52	884.85
	12.14	15.86	2.78	37.29	19.43	5.31	0.75	5.79	4.69	2.44	2.27	3.17
	1,394	1,323	1,187	1,308	1,110	1,019	974.44	989.95	917.25	920.28	891.80	888.02
	1,344	1,246	1,142	1,213	1,075	968.84	936.36	941.29	881.97	876.28	853.76	853.22
	893.90	833.76	757.37	825.50	683.96	615.01	619.02	608.53	564.82	550.65	552.47	541.01
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	187.57	154.03	156.84	157.55	146.05	130.39	134.44	133.10	131.41	126.18	119.43	121.18
	17.67	17.66	16.52	17.39	17.20	14.64	13.91	13.75	14.31	14.37	13.13	12.66
	49.86	50.04	49.42	43.70	50.20	43.92	43.72	42.21	40.75	42.12	39.72	36.86
	199.00	188.95	185.79	190.32	175.58	148.69	149.38	145.72	143.76	141.51	135.66	140.16
	49.80	77.14	44.99	94.30	34.42	50.55	38.08	48.66	35.29	44.00	38.03	34.80
	1.34	1.87	-0.25	1.38	1.89	5.00	3.77	1.40	1.85	2.40	0.64	0.66
	51.14	79.01	44.74	95.68	36.31	55.55	41.85	50.05	37.14	46.41	38.67	35.46
	13.86	15.19	11.29	22.31	8.30	12.94	11.90	10.03	8.07	10.54	13.30	7.93
	37.28	63.82	33.45	73.38	28.01	42.61	29.95	40.02	29.06	35.86	25.36	27.52
	6.19	10.60	5.56	12.19	4.65	7.08	4.97	6.65	4.83	5.96	4.21	4.58
Key metrics
	118.67	146.71	110.68	156.77	103.71	114.11	99.48	106.01	92.20	102.90	91.52	84.98
	8.60%	11.20%	9.30%	12.30%	9.50%	11.30%	10.20%	10.80%	10.10%	11.20%	10.30%	9.60%
	2.70%	4.90%	2.80%	5.80%	2.60%	4.20%	3.10%	4.10%	3.20%	3.90%	2.90%	3.10%
	—	5.30%	—	6.70%	—	4.50%	—	—	—	—	—	—
	26.80%	28.90%	21.70%	29.10%	19.50%	10.50%	9.50%	11.20%	—	—	—	—
	33.10%	49.80%	11.70%	83.40%	-3.60%	18.80%	18.10%	45.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	5,144	4,852	3,884	3,521	2,909	2,324
	68.07	75.36	16.53	10.79	12.49	6.98
	5,212	4,927	3,901	3,532	2,921	2,331
	4,946	4,677	3,728	3,386	2,817	2,235
	3,311	3,101	2,407	2,153	1,833	1,439
	0.00	0.00	0.00	—	—	—
	655.99	614.47	529.34	481.62	384.61	318.37
	69.24	68.77	56.61	51.52	35.78	17.71
	193.02	193.36	170.60	153.62	121.52	100.03
	764.06	740.63	587.55	550.01	448.34	383.47
	266.23	250.85	172.58	146.26	104.28	95.27
	4.34	4.90	12.02	3.95	-3.91	-13.82
	270.57	255.75	184.59	150.21	100.36	81.44
	62.65	57.09	42.95	39.95	26.81	25.51
	207.93	198.66	141.64	110.26	73.56	55.93
	34.54	33.00	23.53	18.32	12.22	9.29
Key metrics
	532.83	517.88	411.80	355.35	257.66	199.18
	10.36%	10.70%	10.60%	10.10%	8.90%	8.60%
	4.04%	4.10%	3.60%	3.10%	2.50%	2.40%
	—	17.60%	15.40%	—	—	—
	26.63%	24.90%	10.30%	21.00%	25.20%	—
	47.90%	40.30%	28.50%	49.90%	31.50%	—
	—	-88.94	-69.21	—	—	—
	—	1.06	1.74	—	—	—
	—	0.71	0.72	—	—	—
	—	897.05	740.14	—	—	—
	—	45.2	41.0	—	—	—
Balance sheet
	—	3,476	2,790	—	—	—
	—	1,534	1,127	—	—	—
	—	51.09	81.09	—	—	—
	—	823.06	557.30	—	—	—
	—	559.84	409.49	—	—	—
	—	71.15	67.60	—	—	—
	—	1,505	1,288	—	—	—
	—	782.06	531.00	—	—	—
	—	1,635	1,222	—	—	—
	—	948.14	821.23	—	—	—
	—	683.12	549.02	—	—	—
	—	265.02	272.21	—	—	—
	—	1,333	1,139	—	—	—
Cash flow
	—	209.91	246.97	—	—	—
	—	-220.96	-290.17	—	—	—
	—	27.99	100.75	—	—	—
	—	298.85	316.18	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	665.96	774.25	737.04	805.03	728.12	758.62	739.74	740.57	674.11	693.05	694.78	683.73
	12.30	15.62	5.62	46.08	8.91	6.48	2.62	8.99	5.15	3.62	2.37	2.71
	678.26	789.87	742.65	851.11	737.03	765.11	742.36	749.56	679.26	696.67	697.15	686.43
	636.37	732.56	696.27	756.41	702.47	714.96	693.78	699.07	645.37	651.75	650.46	650.61
	478.99	514.69	510.54	561.30	483.50	495.29	508.66	497.95	460.91	455.95	473.13	462.58
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	74.01	77.28	83.19	85.61	89.87	86.54	84.88	84.19	82.15	78.96	78.49	81.29
	4.81	4.85	5.00	5.58	5.94	5.82	5.21	4.73	4.72	4.72	2.94	3.05
	17.06	22.01	23.04	20.27	25.37	25.10	24.65	23.97	23.14	23.78	22.16	22.54
	65.44	84.17	82.03	86.85	89.78	94.31	88.93	87.20	81.27	82.15	79.79	79.21
	41.89	57.31	46.38	94.70	34.56	50.14	48.58	50.50	33.88	44.92	46.70	35.82
	0.00	0.00	-1.78	0.00	0.00	3.04	—	—	—	-5.56	—	—
	41.89	57.31	44.60	94.70	34.56	53.19	48.58	50.50	33.88	39.36	46.70	35.82
	11.28	10.95	11.84	20.12	9.16	10.18	13.38	13.75	9.21	12.04	13.06	8.14
	30.61	46.37	32.76	74.58	25.40	43.01	35.20	36.75	24.67	27.32	33.64	27.68
	5.09	7.70	5.44	12.39	4.22	7.15	5.85	6.10	4.10	4.54	5.59	4.60
Key metrics
	63.76	84.17	72.64	120.55	65.87	84.11	78.44	79.20	61.74	67.86	71.80	61.41
	9.60%	10.90%	9.90%	15.00%	9.00%	11.10%	10.60%	10.70%	9.20%	9.80%	10.30%	9.00%
	4.60%	6.00%	4.40%	9.30%	3.50%	5.70%	4.80%	5.00%	3.70%	3.90%	4.80%	4.00%
	—	4.50%	—	7.60%	—	4.80%	—	—	—	—	—	—
	-8.50%	2.10%	-0.40%	8.70%	8.00%	9.50%	6.50%	8.30%	—	—	—	—
	20.50%	7.80%	-6.90%	102.90%	3.00%	57.40%	4.60%	32.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	2,982	3,044	2,913	2,716	2,397	1,941
	79.62	76.22	23.24	11.67	12.36	5.15
	3,062	3,121	2,936	2,727	2,410	1,946
	2,822	2,888	2,753	2,567	2,293	1,859
	2,066	2,070	1,963	1,834	1,641	1,315
	0.00	0.00	0.00	—	—	—
	320.09	335.94	337.77	315.54	276.07	234.16
	20.24	21.37	20.49	13.79	15.51	9.43
	82.38	90.69	96.86	89.77	84.44	74.26
	318.49	342.83	351.71	314.22	278.58	232.18
	240.28	232.95	183.10	159.88	116.99	87.42
	-1.78	-1.78	3.04	-5.56	-3.04	-1.10
	238.50	231.17	186.14	154.32	113.95	86.32
	54.19	52.06	46.52	42.07	30.17	24.89
	184.32	179.11	139.63	112.25	83.78	61.43
	30.62	29.76	23.20	18.65	13.92	10.21
Key metrics
	341.12	343.23	303.49	257.88	213.90	170.01
	11.44%	11.30%	10.40%	9.50%	8.90%	8.80%
	6.18%	5.90%	4.80%	4.10%	3.50%	3.20%
	—	18.40%	16.70%	—	—	—
	0.51%	4.50%	7.30%	13.30%	23.50%	—
	31.32%	28.30%	24.40%	34.00%	36.40%	—
	—	-175.60	17.86	—	—	—
	—	-0.42	1.13	—	—	—
	—	0.11	0.22	—	—	—
	—	128.55	224.12	—	—	—
	—	42.4	44.9	—	—	—
Balance sheet
	—	1,912	1,858	—	—	—
	—	884.91	785.30	—	—	—
	—	14.89	30.62	—	—	—
	—	527.06	467.99	—	—	—
	—	179.12	217.85	—	—	—
	—	30.95	35.30	—	—	—
	—	522.29	667.17	—	—	—
	—	352.72	327.55	—	—	—
	—	537.27	620.96	—	—	—
	—	143.44	254.74	—	—	—
	—	122.19	201.30	—	—	—
	—	21.25	53.44	—	—	—
	—	1,311	1,147	—	—	—
Cash flow
	—	-74.70	157.96	—	—	—
	—	213.66	-157.64	—	—	—
	—	-154.68	29.99	—	—	—
	—	100.90	140.10	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +8.29%
Sales CAGR 5Y: —
Profit CAGR 3Y: +28.82%
Profit CAGR 5Y: —
Sales YoY (TTM): +0.51%
Profit YoY (TTM): +31.32%

Consolidated

Sales CAGR 3Y: +18.59%
Sales CAGR 5Y: —
Profit CAGR 3Y: +39.26%
Profit CAGR 5Y: —
Sales YoY (TTM): +26.63%
Profit YoY (TTM): +47.90%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 70.38%

Quarter	September 2026	June 2026
Promoter %	70.38%	70.38%

Holder	Type	Holding	Previous	Change
JAYANT DAVAR	Promoter	50.56%	50.56%	0.00%
YSG ESTATES PRIVATE LIMITED	Promoter Group	5.56%	2.76%	+2.80%
JAYANT DAVAR(Trustee and First Holder of Cream and Cookies Family Trust)	Promoter Group	4.36%	4.36%	0.00%
JAYANT DAVAR(Trustee and First Holder of Hazelnut Family Trust)	Promoter Group	4.36%	4.36%	0.00%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND	Public	4.13%	4.13%	0.00%
DSP SMALL CAP FUND	Public	3.05%	3.05%	0.00%
KOTAK SMALL CAP FUND	Public	2.87%	2.87%	0.00%
NEEL JAY DAVAR	Promoter	2.59%	2.59%	0.00%
SANDHAR ESTATES PRIVATE LIMITED	Promoter Group	1.53%	0.58%	+0.95%
SANDHAR INFOSYSTEMS LLP	Promoter Group	1.32%	1.32%	0.00%
BANDHAN LARGE & MID CAP FUND	Public	1.17%	1.44%	-0.27%
POONAM JUNEJA	Promoter	0.10%	0.10%	0.00%
Monica Davar	Promoter	0.00%	0.00%	0.00%
Santosh Davar	Promoter	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Samvardhana Motherson International Limited	1,69,717	159.25	36.90	10.90%	+14.02% TTM	+24.64% TTM	+52.47%
Bosch Ltd	1,49,840	50,800.00	63.41	24.30%	+13.63% TTM	-11.32% TTM	+34.19%
Bharat Forge Ltd	88,694	1,815.00	123.94	15.80%	+17.54% TTM	-30.02% TTM	+37.06%
UNO Minda Limited	69,117	1,196.90	53.56	17.90%	+18.80% TTM	+15.35% TTM	-4.40%
Sona BLW Precision Forgings Limited	55,766	892.00	75.38	13.30%	+43.07% TTM	+21.75% TTM	+84.45%
Schaeffler India Limited	54,886	3,511.50	41.79	—	—	—	-15.20%
Tube Investments of India Ltd	43,747	2,260.00	39.45	12.80%	+17.62% TTM	+6.56% TTM	-24.44%
Endurance Technologies Limited	35,086	2,494.30	34.50	16.30%	+31.99% TTM	+15.15% TTM	-14.03%
Dhoot Transmission Limited	33,444	1,635.00	—	—	—	—	—
Exide Industries Ltd.	31,131	366.25	29.64	8.90%	+13.46% TTM	+32.16% TTM	-3.52%
Craftsman Automation Limited	27,927	10,677.90	52.97	14.20%	+35.85% TTM	+119.55% TTM	+56.36%
Sansera Engineering Limited	27,648	4,429.55	78.72	13.60%	+23.49% TTM	+52.89% TTM	+189.79%
Motherson Sumi Wiring India Limited S	26,009	39.22	38.08	35.50%	+35.93% TTM	+11.75% TTM	-16.50%
Asahi India Glass Ltd.	25,070	983.40	45.71	10.80%	+19.75% TTM	+46.40% TTM	+2.72%
Gabriel India Ltd.	24,678	1,392.40	75.53	22.80%	+24.12% TTM	+38.28% TTM	+10.16%
ZF Commercial Vehicle Control Systems India Limited	24,345	2,139.15	48.76	18.50%	+9.03% TTM	+3.22% TTM	+0.07%
Sundram Fasteners Ltd.	22,794	1,084.75	35.98	18.20%	+17.24% TTM	+13.95% TTM	+12.64%
BELRISE INDUSTRIES LIMITED	21,253	219.75	41.93	14.70%	—	—	+51.19%
SPR Auto Technologies Limited	19,750	4,257.65	33.20	18.00%	+46.79% TTM	+8.24% TTM	+57.73%
Tenneco Clean Air India Limited	18,753	464.65	31.18	64.30%	—	—	—
Minda Corporation Limited	16,202	677.70	29.06	15.10%	+32.84% TTM	+108.97% TTM	+14.51%
Lumax Auto Technologies Ltd.	14,306	2,099.00	33.99	24.70%	+32.82% TTM	+57.49% TTM	+75.07%
SEDEMAC MECHATRONICS LIMITED S	13,737	3,106.75	—	31.00%	—	—	—
Amara Raja Energy & Mobility Limited	13,341	728.90	16.72	14.40%	+15.67% TTM	-11.47% TTM	-26.41%
CIE Automotive India Limited	13,295	350.45	14.25	—	+12.44% TTM	+15.35% TTM	-18.90%
Sandhar Technologies Limited	2,885	479.25	13.87	17.60%	+26.63% TTM	+47.90% TTM	-11.89%

Filings & corporate actions

Recent announcements

Sandhar Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve Board Meeting Intimation23 Oct 2026 · Board Meeting / Board Meeting
Investment in Clean Renewable Energy HR 1B Private Limited12 Oct 2026 · Company Update / General
Closure of trading window for the purpose of declaration of un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 202628 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
34th AGM Voting Results and Scrutinizers Report23 Sep 2026 · AGM/EGM / AGM
34th AGM Proceedings22 Sep 2026 · AGM/EGM / AGM
Resignation of Shri Vijay Dahiya from the position of Senior Management Personnel w.e.f., closing of business hours of 03rd September, 2026.3 Sep 2026 · Company Update / Change in Management
Tax Communication at Source (TDS) on Dividend27 Aug 2026 · Company Update / General
Newspaper publication of completion of dispatch of Notice and Annual Report of 34th AGM26 Aug 2026 · Company Update / Newspaper Publication
Physical Dispatch of letter to shareholder25 Aug 2026 · Company Update / General
34th Annual Report for FY 2025-2625 Aug 2026 · Others / Reg. 34 (1) Annual Report
BRSR for the FY 2025-2625 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Book Closure/ Record Date25 Aug 2026 · Corp. Action / Record Date
34th Annual General Meeting to be held on 22nd September, 2026 at 11:30 A.M.25 Aug 2026 · AGM/EGM / AGM
Newspaper Publication - Pre Annual General Meeting (AGM) advertisement of 34th AGM for FY 2025-2625 Aug 2026 · Company Update / Newspaper Publication
Revised Investor Presentation in connection with the Un-audited (Standalone & Consolidated) Financial results for the Quarter ended June 202612 Aug 2026 · Company Update / Investor Presentation
Investor Presentation on the Un-Audited (Standalone & Consolidated) Financial Results for the Quarter ended 30th June 202612 Aug 2026 · Company Update / Investor Presentation
Copy of Published Un-Audited Financial Results12 Aug 2026 · Company Update / Newspaper Publication
Appointment of Smt. Gazal Kalra as an Additional Director in the capacity of Independent Director and Re-appointment of M/s. Satija & Co. as Cost Auditor of Company for the FY 2026-27.11 Aug 2026 · Company Update / Change in Management
Financial Result for the quarter ended June 202611 Aug 2026 · Result / Financial Results
Outcome of Board Meeting11 Aug 2026 · Board Meeting / Outcome of Board Meeting
Participation in Emkay confluence 202611 Aug 2026 · Company Update / General
Sandhar Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve Board Meeting to be held ....5 Aug 2026 · Board Meeting / Board Meeting
Postal Ballot - Scrutinizer Report dated 03rd August 20263 Aug 2026 · AGM/EGM / Postal Ballot
Postal Ballot Outcome dated 03rd August, 20263 Aug 2026 · AGM/EGM / Postal Ballot
Submission of Public Notice to Equity Shareholders of the Company - Regarding transfer of Equity Shares to Investor Education and Protection Fund Account10 Jul 2026 · Company Update / Newspaper Publication
Newspaper Publication of Postal Ballot Notice intimation to Shareholders4 Jul 2026 · Company Update / Newspaper Publication
Postal Ballot Notice3 Jul 2026 · AGM/EGM / Postal Ballot
Execution of Share subscription and Shareholder''s Agreement2 Jul 2026 · Company Update / Acquisition
Trading Window Closure - For Declaration of the Un-audited Financial results of the Company for the Quarter Ended June 30, 202626 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Shri Rashmi Mohan Shrivastva has resigned from the position of Senior Management Personnel w.e.f close of Business hours of 25th June 2026. however he will continue to be in employment ....25 Jun 2026 · Company Update / Change in Management
Shri. Vikas Puri has tendered resignation from the position of Key Managerial Personnel w.e.f. 17th June 202617 Jun 2026 · Company Update / Change in Management
Intimation of Resignation of Mr. Atul Sharma, Senior management Personnel.15 Jun 2026 · Company Update / Change in Management
intimation under Regulation 3013 Jun 2026 · Company Update / General
ICRA has assigned credit rating3 Jun 2026 · Company Update / Credit Rating
Investor Call Transcript of the Call held on 25th May, 2026 for Financial Results for Q4 and FY 2025-202628 May 2026 · Company Update / Earnings Call Transcript
Pursuant to Regulation 30 read with Clause 15 of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ....26 May 2026 · Company Update / Analyst / Investor Meet
India Ratings & Research has assigned/ affirmed credit rating25 May 2026 · Company Update / Credit Rating
Audio recording link of Investor Call for Q4 FY 2026-26 held on 25th May, 202625 May 2026 · Company Update / Analyst / Investor Meet
Completion of second and Final term as Non- Executive Independent Director of Shri Arjun Sharma23 May 2026 · Company Update / Change in Management
Investor Presentation on the Financials Results for the Quarter and Year ended 31st March, 2026 will be held on 25th May, 202622 May 2026 · Company Update / Investor Presentation

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 4.0000	11 Sep 2026	11 Sep 2026	—
Final Dividend - Rs. - 3.5000	12 Sep 2025	12 Sep 2025	—
Final Dividend - Rs. - 3.2500	17 Sep 2024	—	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
11 Aug 2026 Board Meeting - Financial Results