Sandhar Technologies Limited Share Price ₹712

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Sandhar Technologies Limited

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	765	829	885	890	918	913	984	974	1,014	1,090	1,270	1,185	1,307
Expenses +	697	756	804	801	820	827	885	879	910	1,008	1,152	1,076	1,178
Operating Profit	68	73	81	89	98	86	99	95	104	82	118	108	129
OPM %	9%	9%	9%	10%	11%	9%	10%	10%	10%	8%	9%	9%	10%
Other Income +	8	3	4	3	5	7	7	5	10	21	39	3	18
Interest	11	11	13	13	14	14	14	14	15	17	17	17	18
Depreciation	33	35	37	40	42	41	42	44	44	50	44	49	50
Profit before tax	32	30	35	39	46	37	50	42	56	36	96	45	79
Tax %	22%	27%	22%	34%	23%	22%	20%	28%	23%	23%	23%	25%	19%
Net Profit +	25	22	28	25	36	29	40	30	43	28	73	33	64
EPS in Rs	4.04	3.55	4.54	4.19	5.96	4.83	6.65	4.98	7.08	4.65	12.19	5.56	10.60

Financials of Sandhar Technologies Limited

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	1,482	1,513	1,611	1,946	2,336	1,943	1,864	2,324	2,909	3,521	3,884	4,852
Expenses +	1,343	1,372	1,466	1,743	2,091	1,757	1,686	2,130	2,663	3,180	3,501	4,414
Operating Profit	139	141	146	203	245	187	177	193	246	341	383	438
OPM %	9%	9%	9%	10%	10%	10%	10%	8%	8%	10%	10%	9%
Other Income +	6	1	7	4	6	10	11	6	11	14	29	80
Interest	41	42	43	43	24	20	16	18	36	52	57	69
Depreciation	52	55	58	68	81	98	94	100	122	154	171	193
Profit before tax	51	45	52	97	145	78	78	81	100	150	185	256
Tax %	25%	25%	20%	32%	34%	27%	26%	31%	27%	27%	23%	22%
Net Profit +	38	34	42	66	96	57	58	56	74	110	142	199
EPS in Rs	7.48	6.54	8.07	10.80	15.81	9.45	9.59	9.26	12.12	18.24	23.53	33.01
Dividend Payout %	25%	54%	25%	19%	16%	21%	23%	24%	21%	18%	15%	12%

Financials of Sandhar Technologies Limited

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	51	51	60	60	60	60	60	60	60	60	60
Reserves	249	222	251	574	659	702	744	799	860	956	1,079	1,273
Borrowings +	370	395	460	484	268	283	310	620	666	741	924	1,148
Other Liabilities +	286	296	305	467	475	321	482	497	563	662	727	995
Total Liabilities	916	965	1,067	1,585	1,462	1,367	1,597	1,976	2,150	2,420	2,790	3,476
Fixed Assets +	476	528	595	678	743	831	842	942	1,172	1,336	1,343	1,667
CWIP	40	55	29	72	37	33	15	128	115	76	69	100
Investments	3	4	11	24	39	48	58	53	49	57	61	67
Other Assets +	396	377	433	811	642	454	682	853	814	950	1,318	1,642
Total Assets	916	965	1,067	1,585	1,462	1,367	1,597	1,976	2,150	2,420	2,790	3,476

Financials of Sandhar Technologies Limited

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	100	144	96	188	133	239	124	49	308	275	247	210
Cash from Investing Activity +	-118	-103	-107	-186	-141	-112	-98	-310	-269	-241	-300	-221
Cash from Financing Activity +	20	-41	14	247	-243	-124	-26	260	-37	-7	101	28
Net Cash Flow	2	-0	2	249	-251	3	-1	-2	2	27	48	17
Free Cash Flow	-11	37	-10	13	12	153	49	-247	58	42	-59	-71
CFO/OP	80%	113%	72%	101%	76%	141%	81%	35%	136%	91%	78%	60%

Financials of Sandhar Technologies Limited

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	46	40	47	50	53	36	77	70	45	47	52	62
Inventory Days	63	65	63	66	58	64	71	67	60	57	63	67
Days Payable	90	91	90	112	94	79	131	100	82	83	81	93
Cash Conversion Cycle	19	14	19	5	17	22	17	37	23	22	34	35
Working Capital Days	24	18	-29	-72	-14	-13	12	3	-2	-10	-14	-11
ROCE %		14%	13%	15%	16%	10%	9%	8%	9%	12%	12%	14%