Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Sandhar Tech
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 Tech
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 Tech
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 Tech
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 Tech
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% |
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