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Sandhar Technologies Ltd.
(SANDHAR)
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Rating:63Neutral
Price Target:
₹722.00
▲(24.48% Upside)
Action:Reiterated
Date:08/26/26
The score is mainly constrained by weaker financial quality—negative free cash flow in the last two years and higher leverage—despite strong revenue growth and improving ROE. Technicals are a key positive with price above major moving averages and supportive momentum, while valuation is only moderately attractive given a mid-range P/E and low dividend yield.
Positive Factors
Multi-year Revenue Growth
Revenue rose from 18.6B in 2021 to 48.5B in 2026, showing substantial multi-year scaling. Continued OEM-linked demand growth can expand the program base and improve fixed-cost absorption, although volumes remain tied to vehicle production.
Negative Factors
Rising Leverage
Debt has expanded materially faster than the historical base, lifting debt-to-equity to about 0.86. Higher leverage reduces financial flexibility and could pressure returns or investment capacity if vehicle demand weakens or costs rise.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Growth
Revenue rose from 18.6B in 2021 to 48.5B in 2026, showing substantial multi-year scaling. Continued OEM-linked demand growth can expand the program base and improve fixed-cost absorption, although volumes remain tied to vehicle production.
Read all positive factors
Sandhar Technologies Ltd. (SANDHAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹37.20B
Dividend Yield0.65%
Average Volume (3M)13.23K
Price to Earnings (P/E)17.9
Beta (1Y)1.34
Revenue Growth26.63%
EPS Growth47.89%
CountryIN
Employees1,253
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)34.54
Shares Outstanding60,190,710
10 Day Avg. Volume7,661
30 Day Avg. Volume13,234
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)1.97
Price to Sales (P/S)0.54
P/FCF Ratio-17.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)37.03
Revenue Forecast (FY)₹56.42B
Sandhar Technologies Ltd. Business Overview & Revenue Model
Company Description
Sandhar Technologies Limited, operating through its subsidiaries, specializes in the comprehensive design, production, assembly, and sale of a diverse range of automotive components across India and Europe. Its extensive product portfolio includes...
How the Company Makes Money
Sandhar Technologies primarily makes money by manufacturing and supplying automotive components and sub-assemblies to vehicle original equipment manufacturers (OEMs) and, to a lesser extent, to other tiered suppliers. Revenue is largely generated ...
Sandhar Technologies Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.44B | 48.52B | 38.85B | 35.21B | 29.09B | 23.24B |
| Gross Profit | 14.39B | 9.85B | 15.00B | 3.27B | 10.82B | 6.97B |
| EBITDA | 5.19B | 5.18B | 3.83B | 3.51B | 2.60B | 2.12B |
| Net Income | 2.08B | 1.99B | 1.42B | 1.10B | 729.69M | 557.29M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 34.76B | 27.90B | 24.27B | 21.55B | 19.75B |
| Cash, Cash Equivalents and Short-Term Investments | 521.19M | 521.19M | 822.65M | 432.78M | 126.37M | 99.56M |
| Total Debt | 0.00 | 11.48B | 9.24B | 7.41B | 6.66B | 6.14B |
| Total Liabilities | -13.33B | 21.43B | 16.51B | 14.11B | 12.30B | 11.12B |
| Stockholders Equity | 13.33B | 13.33B | 11.39B | 10.17B | 9.20B | 8.59B |
Cash Flow | ||||||
| Free Cash Flow | -752.99M | -1.48B | -692.08M | 375.91M | 512.52M | -2.48B |
| Operating Cash Flow | 947.75M | 1.50B | 2.47B | 2.75B | 3.08B | 486.25M |
| Investing Cash Flow | -793.74M | -2.23B | -2.90B | -2.39B | -2.48B | -3.11B |
| Financing Cash Flow | -359.02M | 900.00M | 1.01B | -71.35M | -368.89M | 2.60B |
Sandhar Technologies Ltd. Technical Analysis
Negative
580.00
Price Trends
631.58
Negative
623.66
Negative
569.94
Positive
Market Momentum
-4.72
Positive
42.69
Neutral
10.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SANDHAR, the sentiment is Negative. The current price of 580 is below the 20-day moving average (MA) of 638.61, below the 50-day MA of 631.58, and above the 200-day MA of 569.94, indicating a neutral trend. The MACD of -4.72 indicates Positive momentum. The RSI at 42.69 is Neutral, neither overbought nor oversold. The STOCH value of 10.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SANDHAR.
Sandhar Technologies Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹379.33B | 39.05 | ― | 0.43% | 29.35% | 12.93% | |
69 Neutral | ₹1.43T | 60.16 | ― | 0.56% | 13.63% | -11.32% | |
68 Neutral | ₹133.15B | 67.49 | ― | 0.17% | 14.66% | 47.32% | |
65 Neutral | ₹168.65B | 33.15 | ― | 0.20% | 26.59% | 96.82% | |
63 Neutral | ₹37.20B | 17.91 | ― | 0.65% | 26.63% | 47.89% | |
63 Neutral | ₹1.73T | 39.63 | ― | 0.37% | 14.02% | 32.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:SANDHAR
Sandhar Technologies Ltd.
618.00
160.14
34.97%
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Sandhar Technologies Ltd. Corporate Events
Sandhar Technologies Notifies Shareholders of Postal Ballot Through Newspaper Ads
Jul 4, 2026
Sandhar Technologies has issued a postal ballot notice to its shareholders and has published related advertisements in newspapers to inform them about resolutions requiring their approval. In line with disclosure requirements, the company has file...
ICRA assigns strong credit ratings to Sandhar Technologies’ Rs 885 crore facilities
Jun 3, 2026
Sandhar Technologies has received fresh credit ratings from ICRA for a total of Rs 885 crore in borrowing facilities, covering long-term term loans, fund-based working capital lines and unallocated long-term facilities. ICRA has assigned ratings o...
Sandhar Technologies Files Q4 FY26 Earnings Call Transcript With Exchanges
May 28, 2026
Sandhar Technologies Ltd. informed the stock exchanges that it has released the transcript of its investor conference call held on May 25, 2026, to discuss financial results for the fourth quarter and full year ended March 31, 2026. The company no...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.