Sandhar Technologies (SANDHAR)₹484.05−0.84%Auto Components & Equipments
In the Jun 2026 quarter (consolidated), Sandhar Technologies reported sales of ₹1,387 Cr, up 26.9% from Jun 2025, and net profit of ₹37.06 Cr, up 32.1% year on year. For the year to Mar 2026, sales were ₹4,872 Cr and net profit ₹199 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 888 | 893 | 921 | 916 | 988 | 978 | 1,017 | 1,093 | 1,275 | 1,188 | 1,312 | 1,387 |
| Expenses | 806 | 803 | 822 | 829 | 887 | 881 | 913 | 1,010 | 1,155 | 1,078 | 1,181 | 1,281 |
| Operating Profit | 81.28 | 89.30 | 98.20 | 86.27 | 99.30 | 95.30 | 104 | 82.24 | 118 | 108 | 129 | 105 |
| OPM % | 9.0% | 10.0% | 11.0% | 9.0% | 10.0% | 10.0% | 10.0% | 8.0% | 9.0% | 9.0% | 10.0% | 8.0% |
| Other Income | 3.99 | 2.99 | 5.01 | 6.99 | 6.99 | 5.01 | 9.99 | 20.97 | 38.95 | 3.01 | 18.01 | 12.99 |
| Interest | 12.99 | 13.01 | 14.02 | 14.01 | 14.01 | 14.01 | 15.02 | 17.02 | 17.01 | 17.01 | 18.01 | 18.02 |
| Depreciation | 36.87 | 39.85 | 41.83 | 40.88 | 41.84 | 43.88 | 43.85 | 49.83 | 43.87 | 48.86 | 49.81 | 49.83 |
| Profit before tax | 34.96 | 38.97 | 45.95 | 36.96 | 49.97 | 41.95 | 55.94 | 35.98 | 95.91 | 44.99 | 78.90 | 50.97 |
| Tax % | 21.9% | 33.9% | 23.0% | 21.9% | 19.9% | 27.9% | 22.9% | 22.9% | 22.9% | 24.9% | 19.0% | 26.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 | 0.00 | 0.00 | −1.01 | 0.00 | — |
| Net Profit | 28.07 | 25.05 | 36.08 | 29.05 | 40.08 | 30.07 | 43.12 | 28.05 | 73.09 | 33.06 | 64.09 | 37.06 |
| EPS (Rs) | 4.55 | 4.18 | 5.97 | 4.84 | 6.64 | 4.99 | 7.09 | 4.66 | 12.20 | 5.57 | 10.61 | 6.20 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,519 | 1,616 | 1,952 | 2,344 | 1,949 | 1,870 | 2,332 | 2,917 | 3,532 | 3,895 | 4,872 | 5,163 |
| Expenses | 1,376 | 1,469 | 1,747 | 2,097 | 1,763 | 1,689 | 2,136 | 2,669 | 3,187 | 3,513 | 4,426 | 4,695 |
| Operating Profit | 141 | 146 | 203 | 246 | 187 | 177 | 194 | 247 | 342 | 384 | 439 | 461 |
| OPM % | 9.0% | 9.0% | 10.0% | 10.0% | 10.0% | 10.0% | 8.0% | 8.0% | 10.0% | 10.0% | 9.0% | 8.9% |
| Other Income | 0.99 | 6.99 | 3.99 | 5.99 | 9.99 | 11.01 | 6.01 | 10.99 | 14.01 | 28.97 | 80.02 | 72.96 |
| Interest | 42.04 | 42.99 | 42.99 | 24.02 | 20.02 | 16.02 | 18.02 | 36.01 | 52.06 | 57.06 | 69.02 | 70.05 |
| Depreciation | 54.79 | 57.78 | 67.74 | 80.78 | 97.71 | 93.70 | 99.60 | 122 | 153 | 170 | 192 | 192 |
| Profit before tax | 44.97 | 51.98 | 96.98 | 145 | 77.96 | 77.89 | 81.01 | 99.97 | 150 | 185 | 256 | 271 |
| Tax % | 24.9% | 19.9% | 31.9% | 33.9% | 26.9% | 26.0% | 30.9% | 26.9% | 27.0% | 22.9% | 22.0% | — |
| Exceptional items | −3.01 | 2.01 | 0.00 | 0.00 | 1.01 | 1.01 | 0.00 | 2.01 | 0.00 | 4.01 | −2.01 | — |
| Net Profit | 34.05 | 42.05 | 66.14 | 96.17 | 57.09 | 58.12 | 56.07 | 74.09 | 110 | 142 | 199 | 207 |
| EPS (Rs) | 6.55 | 8.08 | 10.81 | 15.82 | 9.46 | 9.60 | 9.27 | 12.13 | 18.25 | 23.54 | 33.04 | 34.58 |
| Dividend payout % | 54.0% | 25.0% | 19.0% | 16.0% | 21.0% | 23.0% | 24.0% | 21.0% | 18.0% | 15.0% | 12.0% | — |
| 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 | 10.01 | 51.07 | 51.04 | 60.08 | 60.12 | 60.04 | 60.08 | 60.04 | 60.06 | 60.06 | 60.08 | 60.13 |
| Reserves | 248 | 221 | 250 | 572 | 657 | 700 | 742 | 796 | 857 | 952 | 1,075 | 1,270 |
| Borrowings | 369 | 394 | 459 | 483 | 267 | 282 | 309 | 618 | 664 | 739 | 921 | 1,144 |
| Other Liabilities | 286 | 296 | 304 | 468 | 475 | 321 | 482 | 499 | 563 | 664 | 730 | 997 |
| Total Liabilities | 914 | 963 | 1,065 | 1,583 | 1,459 | 1,364 | 1,594 | 1,973 | 2,145 | 2,416 | 2,786 | 3,471 |
| Fixed Assets | 474 | 526 | 593 | 676 | 740 | 828 | 839 | 938 | 1,167 | 1,331 | 1,339 | 1,661 |
| CWIP | 40.16 | 55.22 | 29.11 | 72.21 | 37.10 | 33.08 | 15.06 | 129 | 115 | 76.25 | 69.22 | 100 |
| Investments | 3.01 | 4.02 | 11.05 | 24.10 | 39.13 | 48.23 | 58.20 | 53.18 | 49.20 | 57.18 | 61.28 | 67.29 |
| Other Assets | 396 | 377 | 433 | 811 | 642 | 454 | 682 | 853 | 814 | 951 | 1,318 | 1,642 |
| Inventories | 156 | 159 | 161 | 205 | 219 | 195 | 211 | 259 | 300 | 337 | 409 | 558 |
| Trade receivables | 188 | 167 | 204 | 266 | 337 | 192 | 356 | 444 | 354 | 457 | 556 | 822 |
| Cash & equivalents | 6.98 | 5.98 | 6.97 | 255 | 4.98 | 7.97 | 10.95 | 6.98 | 6.98 | 35.88 | 80.69 | 50.82 |
| Total Assets | 914 | 963 | 1,065 | 1,583 | 1,459 | 1,364 | 1,594 | 1,973 | 2,145 | 2,416 | 2,786 | 3,471 |
| 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 | 96.14 | 188 | 133 | 239 | 124 | 49.10 | 308 | 276 | 247 | 210 |
| Cash from investing activity | −118 | −103 | −107 | −186 | −141 | −112 | −98.20 | −311 | −269 | −241 | −301 | −221 |
| Cash from financing activity | 20.08 | −41.12 | 14.04 | 248 | −244 | −124 | −26.08 | 261 | −37.12 | −7.03 | 101 | 28.08 |
| Net cash flow | 2.01 | 0.00 | 2.01 | 250 | −252 | 3.01 | −1.01 | −2.01 | 2.01 | 27.07 | 48.11 | 17.04 |
| Capex | 111 | 108 | 109 | 175 | 124 | 87.76 | 76.77 | 296 | 256 | 236 | 315 | 298 |
| Free cash flow | −10.98 | 36.94 | −9.97 | 12.97 | 11.98 | 153 | 48.86 | −247 | 57.88 | 41.90 | −58.89 | −70.84 |
| CFO / OP % | 80.0% | 113.0% | 72.0% | 101.0% | 76.0% | 141.0% | 81.0% | 35.0% | 136.0% | 91.0% | 78.0% | 60.0% |
| 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 | 47 | 41 | 48 | 51 | 54 | 37 | 71 | 71 | 46 | 48 | 53 | 63 |
| Inventory days | 63 | 65 | 63 | 66 | 58 | 64 | 71 | 67 | 60 | 57 | 63 | 67 |
| Days payable | 89 | 90 | 89 | 111 | 93 | 78 | 131 | 99 | 81 | 82 | 80 | 92 |
| Cash conversion cycle | 18 | 13 | 18 | 4 | 16 | 21 | 8 | 36 | 22 | 21 | 33 | 34 |
| Working capital days | 24 | 18 | −29 | −72 | −14 | −13 | 12 | 3 | −2 | −10 | −14 | −11 |
| ROCE % | — | 14.1% | 13.1% | 15.1% | 16.1% | 10.1% | 9.0% | 8.1% | 9.1% | 12.1% | 12.1% | 14.1% |
For the Jun 2026 quarter, Sandhar Technologies reported sales of ₹1,387 Cr, up 26.9% year on year and net profit of ₹37.06 Cr, up 32.1% year on year. The operating margin was 8.0%.
Sandhar Technologies' sales for the year to Mar 2026 were ₹4,872 Cr; over the last twelve months they were ₹5,163 Cr.
Net profit for the year to Mar 2026 was ₹199 Cr, and ₹207 Cr over the last twelve months. Earnings per share over the same trailing period were ₹34.58.
Sandhar Technologies reported borrowings of ₹1,144 Cr at Mar 2026, against cash and equivalents of ₹50.82 Cr.
Cash from operations was ₹210 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹70.84 Cr.