Arthneeti

Sandhar Technologies Q1 FY27 Share Price & Earnings Call Analysis

₹468.75-0.19% today
Market cap
₹2,821 Cr
P/E
13.48
ROE
11.52%
PEG
0.53
Price to sales
0.56
Debt to equity
0.86
52W high / low
₹735 / ₹437
Sales growth (5Y)
21.09%
EBITDA margin
8.95%
Net profit margin
2.93%
Promoter holding
70.38%
Sales (last year)
₹5,144 Cr

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]

Guidance scorecard · Q1 FY27 call

What Sandhar Tech's management guided
and where it ranks in Auto Components

#40of 66 in
Auto Components
Revenue10–20%MarginsUp 0–2%CapexPlannedFundraisingPlannedOrder bookRising

RevenueQ4 FY26 call

10–20%
  • Sandhar Technologies expects over 15% revenue growth in the current financial year, conservatively estimated excluding pricing re-triggers.
  • The company aims to double its revenue every 3 to 4 years, targeting INR 10,000 crores or more in revenue within that timeframe.
  • Growth drivers include aluminum business, sheet metal, proprietary products (locks, mirrors), and new projects such as battery chargers.
  • New projects are anticipated to significantly contribute, with some in turnaround phases expected to be profitable soon.
  • Expansion in product capabilities like zinc, magnesium, and aluminum castings supports growth in automotive and potential sectors like aerospace and defense.

2 more points from Sandhar Tech's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Up 0–2%

See what Sandhar Tech said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned
  • CapEx for current financial year is expected around INR 275-310 crores, about 5-7% of revenue, including growth, maintenance, and upgradation of facilities.
  • Major projects like Sundaram-Clayton business shift, Khed City aluminum die-casting plant, and Sanaswadi facility expected to be capitalized by end of Q2 FY '26.
  • Growth CapEx focused on expanding integrated casting capabilities and capacity (high-pressure die casting, aluminum, zinc, magnesium castings).
  • Investments aim to double revenue in 3-4 years, targeting improved return on capital employed (post-tax ROCE of 15-20%).
  • Overseas business presence retained for strategic customer relationships, though under review after past losses.

2 more points from Sandhar Tech's call on capex

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Full Q4 FY26 analysis

FundraisingQ4 FY26 call

Planned

See what Sandhar Tech said on fundraising — free account, 30 seconds.

Full Q4 FY26 analysis

Order bookQ4 FY26 call

Rising
  • Sandhar Technologies has robust order inflow, especially in sheet metal and casting businesses.
  • The company anticipates a 15%+ revenue growth in the current year, excluding price retriggers that could add more.
  • New businesses, including the Sundaram-Clayton Aluminum acquisition, are now mature and showing positive results.
  • Investments of around INR 342 crore in five units have generated revenues of approximately INR 468 crore, implying strong order conversion.
  • The two-wheeler segment shows particularly strong demand with intense competition among market leaders.
  • New technologies like smart locks and battery chargers are contributing to growth, with ongoing customer presentations and developments.

2 more points from Sandhar Tech's call on the order book

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Full Q4 FY26 analysis
Full Auto Components ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Sandhar Tech rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹3,020 Cr47.8
240%+Flat₹1,998 Cr63.5
340%+Flat₹428 Cr17.5
420–40%Up 2%+₹25,721 Cr73.8
520–40%Up 2%+₹13,417 Cr40.5
620–40%Up 0–2%₹23,344 Cr37.6

Sign up free to see every company in the sector ranking and track Sandhar Tech.

Pro shows every company guiding 40%+ revenue growth →Full Auto Components ranking

Financials of Sandhar Tech

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

Financials of Sandhar Tech

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +7658298858909189139849741,0141,0901,2701,1851,307
Expenses +6977568048018208278858799101,0081,1521,0761,178
Operating Profit687381899886999510482118108129
OPM %9%9%9%10%11%9%10%10%10%8%9%9%10%
Other Income +83435775102139318
Interest11111313141414141517171718
Depreciation33353740424142444450444950
Profit before tax32303539463750425636964579
Tax %22%27%22%34%23%22%20%28%23%23%23%25%19%
Net Profit +25222825362940304328733364
EPS in Rs4.043.554.544.195.964.836.654.987.084.6512.195.5610.60

Financials of Sandhar Tech

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,4821,5131,6111,9462,3361,9431,8642,3242,9093,5213,8844,852
Expenses +1,3431,3721,4661,7432,0911,7571,6862,1302,6633,1803,5014,414
Operating Profit139141146203245187177193246341383438
OPM %9%9%9%10%10%10%10%8%8%10%10%9%
Other Income +617461011611142980
Interest414243432420161836525769
Depreciation52555868819894100122154171193
Profit before tax51455297145787881100150185256
Tax %25%25%20%32%34%27%26%31%27%27%23%22%
Net Profit +383442669657585674110142199
EPS in Rs7.486.548.0710.8015.819.459.599.2612.1218.2423.5333.01
Dividend Payout %25%54%25%19%16%21%23%24%21%18%15%12%

Financials of Sandhar Tech

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital105151606060606060606060
Reserves2492222515746597027447998609561,0791,273
Borrowings +3703954604842682833106206667419241,148
Other Liabilities +286296305467475321482497563662727995
Total Liabilities9169651,0671,5851,4621,3671,5971,9762,1502,4202,7903,476
Fixed Assets +4765285956787438318429421,1721,3361,3431,667
CWIP405529723733151281157669100
Investments3411243948585349576167
Other Assets +3963774338116424546828538149501,3181,642
Total Assets9169651,0671,5851,4621,3671,5971,9762,1502,4202,7903,476

Financials of Sandhar Tech

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1001449618813323912449308275247210
Cash from Investing Activity +-118-103-107-186-141-112-98-310-269-241-300-221
Cash from Financing Activity +20-4114247-243-124-26260-37-710128
Net Cash Flow2-02249-2513-1-22274817
Free Cash Flow-1137-10131215349-2475842-59-71
CFO/OP80%113%72%101%76%141%81%35%136%91%78%60%

Financials of Sandhar Tech

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days464047505336777045475262
Inventory Days636563665864716760576367
Days Payable909190112947913110082838193
Cash Conversion Cycle19141951722173723223435
Working Capital Days2418-29-72-14-13123-2-10-14-11
ROCE %14%13%15%16%10%9%8%9%12%12%14%

Guidance history

How Sandhar Tech's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY26 call →10–20%Up 0–2%PlannedPlannedRising
Q3 FY26 call →10–20%Up 2%+Planned—Rising
Q2 FY26 call →10–20%Up 0–2%PlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

19out of 100

Momentum score · price trend

19 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−13.4%45%
Last 6 months−5.1%45%
Last 3 months−21.9%13%

The price is 36.2% below its all-time high of ₹734.65 (11 Jun 2026). Stocks more than 20% below their peak have their score halved, so 39 became 19.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Sandhar Tech: 0.4 × 45 + 0.4 × 45 + 0.2 × 13 = 39, halved to 19 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Sandhar Tech's management said in earlier quarters

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