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Sandhar Technologies Limited share Price Today

Company details

491.00
524.80
228.20
590.00
6M Return 22.36%
1Y Return 124.02%
Mkt Cap.(Cr) 3,140.47
Volume 342,156
Div Yield 0.48%
OI
-
OI Chg %
-
Volume 342,156

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Auto Parts & Equipment company Sandhar Technologies announced Q3FY24 & 9MFY24 results:

Cosnoslidated Q3FY24 vs Q3FY23:

  • Revenue growth of 23% YoY to Rs 892 crore in Q3FY24 led by robust demand by Customers, increased content share per vehicle, and new projects going into mass production.
  • EBITDA grew by 34% YoY to Rs 91 crore in Q3FY24; EBITDA at 10.2% in Q3FY24 Vs 9.3% in Q3FY23 up by 90 bps.
  • PBT at Rs 39 crore in Q3FY24 at 4.3% Vs Rs 27 crore in Q3FY23 at 3.7% up by 60 bps.
  • PAT grew by 28% to Rs 25 crore in Q3FY24 compared to Rs 20 crore in Q3FY23.

Standalone Q3FY24 vs Q3FY23:

  • Revenue growth of 16% YoY to Rs 697 crore in Q3FY24 led by robust demand by Customers, increased content share per vehicle, and new projects going into mass production.
  • EBITDA grew by 17% YoY to Rs 72 crore; EBITDA at 10.3% in Q3FY24 Vs 10.2% in Q3FY23.
  • PBT at Rs 47 crore in Q3FY24 at 6.7% Vs Rs 37 crore in Q3FY23 at 6.1% up by 60 bps.
  • PAT grew by 26% to Rs 34 crore in Q3FY24 compared to Rs 27 crore in Q3FY23.

Consolidated 9MFY24 vs 9MFY23:

  • Revenue for 9MFY24 stands at Rs 2,612 crore, up 21% YoY.
  • EBITDA at Rs 251 crore higher by 34% YoY; EBITDA at 9.6% for 9MFY24 Vs 8.7% for 9MFY23 up by 90 bps.
  • PBT at Rs 104 crore in 9MFY24, up by 51% YoY.
  • PAT grew by 52% YoY to Rs 74 crore in 9MFY24.
  • Debt at Rs 553 crore as of 31st December 2023.
  • Debt Equity Ratio 0.56.
  • Net Operating Cash Flow for 9MFY24 is Rs 263 crore.

Standalone 9MFY24 vs 9MFY23:

  • Revenue for 9MFY24 stands at Rs 2,031 crore, up 12% YoY.
  • EBITDA at Rs 190 crore higher by 19% YoY; EBITDA at 9.4% for 9MFY24 Vs 8.8% for 9MFY23 up by 60 bps.
  • PBT at Rs 115 crore in 9MFY24, up by 42% YoY.
  • PAT grew by 44% YoY to Rs 85 crore in 9MFY24.
  • Debt stands at Rs 111 crore as of 31st December 2023.
  • Debt Equity Ratio 0.11.
  • Net Operating cash flow for 9MFY24 is Rs 161 crore.

Commenting on the results, Yashpal Jain, CFO, Sandhar said: “We have delivered another quarter of strong performance driven by robust demand by Customers, increased content share per vehicle and new projects going into mass production. In 9MFY24 at a consolidated level, we achieved revenue of Rs 2,612 crore, representing a growth of 21% YoY, and Rs 251 crore of EBITDA at 9.6%. As we move into the end of FY24, we believe that we will continue to grow, with the new capex turning into production, a favourable shift in the business environment. The current financial year provides good visibility for growth in coming quarters. We will focus on increasing operational efficiency, improving margins, generating free cash flows and improving return on capital employed.

Our company is on the path of enormous growth and we hope to move forward, even more aggressively, to ‘Growth, Motivation and Better life”.

Result PDF

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Sandhar Technologies Limited shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (4)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (0)

Data not found

Resistance and support

R1 529.8
R2 541.9
R3 551.7
Pivot

519.90

S1 507.8
S2 498.0
S3 485.9
EMA SMA
504.2
503.7
491.2
451.2
503.6
505.3
497.4
456.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NIPPON INDIA MUTUAL FUND Bulk Purchase 2021-05-25 240.53 400000 NSE
HSBC GIF ASIA EX JAPAN EQUITY SMALLER COMPANIES Bulk Sell 2020-10-27 236 608869 NSE
HSBC GIF ASIA EX JAPAN EQUITY SMALLER COMPANIES Bulk Sell 2020-10-27 236 600000 BSE
Name Category Shares
Jayant Davar PROMOTER 53.61%
Monica Davar PROMOTER 4.36%
Neel Jay Davar PROMOTER 2.59%
Santosh Davar PROMOTER 1.31%
Sanjeevni Impex Private Limited PROMOTER 2.8%
Ysg Estates Private Limited PROMOTER 2.76%
Sandhar Infosystems Limited PROMOTER 1.32%
Jubin Finance And Investment Ltd PROMOTER 0.95%
Sandhar Estates Private Limited PROMOTER 0.58%

OUR RESEARCH VIEW

Investment recommendation
Call Date
16 Jul 2021
Entry Price 290.00
Target Price 365.00
Duration
12 Month
BUY

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Sandhar Technologies Limited Stocks COMPARISON

Financials( in Cr) Sandhar Technologies Limited Bosch Ltd Samvardhana Motherson International Ltd Uno Minda Ltd Exide Industries Ltd
Price 521.75 31,027.75 129.35 749.45 476.30
% Change 3.59 0.30 2.37 2.66 2.85
Mcap Cr 3,140.47 91,513.25 87,653.01 43,025.55 40,485.50
Revenue TTM Cr 2,908.91 14,929.30 78,700.70 11,236.49 15,078.16
Net Profit TTM Cr 73.56 1,424.30 1,669.60 700.23 822.77
PE TTM 31.69 54.01 54.85 55.41 46.20
1 Year Return 124.02 61.36 64.46 33.19 150.09
ROCE 8.81 17.05 8.59 18.68 10.55
ROE 8.27 13.14 7.76 18.44 7.58
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 920.45 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,431.93
LAST 3M 105,135.14 -41,239.38
LAST 6M 172,248.08 48,806.90
LAST 12M 264,707.07 127,969.33
Sandhar Technologies Limited - Change in Director

May 16, 2024 l NSE Announcement

Sandhar Technologies to conduct board meeting

May 13, 2024 l BSE Announcement

Sandhar Technologies Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 13, 2024 l NSE Announcement

Date Action Type Ratio
Sep 14, 2023 Dividend 25
Sep 14, 2022 Dividend 22.5

Sandhar Technologies Limited Information

Stock PE (TTM)
31.69
Promoter Holding
70.38%
Book Value
158.6895
ROCE
8.81%
ROE
8.27%
Description
  • Sandhar Technologies Limited (STL) is a customer centric component supplier primarily catering to automotive OEMs and largely focused on safety and security systems of vehicles with a pan India presence and a growing international footprint. The Company is a leader in the two-wheeler locking systems market, and the commercial vehicle rear view market in India, and is one of the two largest companies catering to the commercial vehicle locking systems market, and the two-wheeler rear view market in India. It is also one of the two largest manufacturers of operator cabins in India, along with being the largest player in the excavator cabins market. The company`s business involves designing and manufacturing a diverse range of automotive components, parts and systems, driven by technology, process, people and governance. Presently, STL manufactures 21 categories of products, including such product categories that are manufactured through its Subsidiaries and Joint Ventures, which cater to different industry segments. The Portfolio comprises various categories of products including safety and security systems such as lock assemblies, mirror assemblies, operator cabins for off-highway vehicles, aluminium spools, spindles, and hubs. The Company also manufactures other product categories including wheel assemblies, handle bar assemblies, brake panel assemblies, sheet metal components such as fuel filler caps, fuel cock assembly, step pillions, tools, dies, moulds, other aluminium components, crane and tractor parts, plastic and painted parts such as door handles (inner and outer), panels for televisions, and cabinets for air conditioners. STL manufactures products from 29 manufacturing facilities across eight states in India, two manufacturing facilities in Spain, and one manufacturing facility in Mexico. Further, it is in the process of commissioning eight manufacturing facilities in India. This apart, it also has an overseas assembly and packaging centre located in Poland. Further, through SCID, the research and development activities are undertaken at Gurugram, Haryana. These facilities are located in key auto-clusters in the northern, southern, and western parts of India, and most of the facilities are in close proximity to the plants of the OEM customers. Apart from allowing the company to optimise delivery to its customers, the proximity of these facilities to the plants of the OEM customers also facilitates greater interaction with customers, thereby enabling the company to respond to their requirements in a timely manner. Incorporated on October 19, 1987, STL commenced operations as a supplier to Hero (formerly Hero Honda Motors Limited) for sheet metal components. The Company is promoted by a first-generation entrepreneur, Jayant Davar, Co-Chairman and Managing Director of the Company, who has 30 years of experience in the OEM component manufacturing industry. The Company is also led by a qualified management team that has substantial industry, operational and financial experience, supported by a skilled work force.Sandhar Technologies Limited was incorporated as a private limited company with the name Sandhar Locking Devices Private Limited` on October 19, 1987, at New Delhi, India. In 1988, the company was engaged by Honda Lock for providing technical assistance in relation to two-wheeler locks. In 1992, the company started production of two-wheeler locks, and fuel filler cap for Hero Honda at Gurugram. The name of the Company was changed to Sandhar Locking Devices Limited` on conversion to a public limited company on September 21, 1992. In 1995, the company commenced production of two-wheeler mirror assembly. In 1996, the company was engaged by Honda Lock for technical collaboration for two-wheeler main switch 35100-GBG-8500 for C100 motorcycles. In 1998, the company was engaged by Honda Lock for technical collaboration for four-wheeler mirror assembly, handle assembly. In 1999, the company commenced supply of mirror assembly to Honda Cars. In 2002, Sandhar Auto Components Limited commenced production of zinc and aluminium pressure die-casting components at Manesar. In 2003, the company executed a joint venture agreement with Steady Stream Business Limited for production of tools and dies. In 2004, the company was engaged by Honda Lock for providing technical assistance in relation to four-wheeler lock assemblies. In 2005, SLD Auto was established for production of lock assemblies, and mirror assemblies in Bengaluru. The name of the company was changed from Sandhar Locking Devices Limited` to Sandhar Technologies Limited`(STL) on November 11, 2005. In 2006, a unit in Chennai, Tamil Nadu was established for steel wheel assembly. During the year under review, the company acquired Adeep Group companies engaged in the business of manufactured lock assemblies, steel wheel rims, and handle bars. During the year under review, Actis Capital LLC, UK made investment in the company. During the year under review, the company acquired Barcelona unit of TECFISA, for manufacture of spools for seat belt retractors and aluminium PDC products. In 2008, the company executed a joint venture agreement with JBM Auto Limited for production of moulds and dies. In 2010, the company established a unit at Chakan, Maharashtra for manufacture of door handles. In 2011, the company set up a unit in Pune Maharashtra for manufacture of plastic injection moulding components. During the year under review, the company acquired Steady Stream Business Limited, Taiwan`s stake in Sandhar Tooling. In 2012, Sandhar Technologies Poland sp. z.o.o., Poland established at unit in Czestochowa. During the year under review, GTI Capital Auto Investments - I Pte. Limited (GTI Capital) became an investor in the company upon purchase of Equity Shares held by the Actis Group. In 2013, the company signed a technical collaboration agreement with JEM Techno, South Korea, for manufacture of relays. During the year under review, the company set up a dedicated research and development unit at Gurugram. During the year under review, GTI Capital Beta Pvt Ltd (GTI) became an investor in the company upon purchase of Equity Shares held by GTI Capital. During the year under review, the company acquired Mag Engineering, a company engaged in the business of manufactured operator cabins for off-highway vehicles. During the year under review, Sandhar Technologies Limited executed technical collaboration agreement with Lyssen Enterprises Co., Limited, Taiwan, for manufacturing instrument clusters, gauges, and senders / sensors. In 2014, GTI increased its shareholding in Sandhar Technologies Limited from 10.75% to 17.47%, by subscribing to Equity Shares issued in a rights issue undertaken by the company. During the year under review, Sandhar Technologies De Mexico, S. de RL de CV Mexico set up a unit in Guanajuato, Mexico. During the year under review, Sandhar Technologies Limited executed a joint venture agreement with Han Sung, to establish Sandhar Han Sung, for manufacture of high precision press parts, insert moulded contact plates, and switches. During the year under review, the company set up at unit in Pathredi, Rajasthan for manufacture of lock assemblies, mirrors, and door handles. During the year under review, production of relays based on Korean technology (ISO 10000) commenced at Sandhar Automotives Gurgaon - JEM Division. During the year under review, the company acquired cabin manufacturing unit of Arkay Fabsteel Systems Private Limited, at Pune. In 2016, the company executed a joint venture agreement with DMRG and Tarun Agrawal for manufacture and trading of solar plants and components for solar power plants. In 2017, the company executed a joint venture agreement with Jinyoung Electro - Mechanic, to establish Jinyoung Sandhar, for the purpose of manufacture, sell and assemble audio AVN panel and switches in India. On 11/12/2017 the company filed Draft Red Herring Prospectus and on 13/03/2018 filed Red Herring Prospectus with SEBI for raising Rs. 512.48 cr. The Issue dates were from 19/03/2018 to 21/03/2018 with Price Band of Rs. 327 to Rs. 332. The Issue got subscribed 6.12 times leading to its Issue Price being fixed at Rs. 332. The Shares got listed in BSE and NSE on 02/04/2018 at Rs. 345.00 which is 3.92% above Issue Price. In 2018, the company executed a joint venture agreement with Amkin Group to establish Sandhar Amkin Industries Private Limited to set up a joint venture to design, manufacture, market, sell and assemble, in India, helmet, helmet accessories and related parts, visors, safety headgear, riding protection accessories, storage box, pannier box and riding apparel. The company entered into another joint venture agreement with Daewha Fuel Pump, to establish Sandhar Daewha Automotive Systems Private Limited, to manufacture, sell and assemble, in India, fuel pumps, filters, starter motor and wiper blades. The company also entered into a joint venture with Daeshin to set up a joint venture for manufacturing, assembly, and sale of gear shifters and parking brakes for the four-wheeler segment. On 21 June 2018, Sandhar Technologies signed a Joint Venture agreement with Whetron Electronics Co., Ltd., Taiwan to supply future technology products to the Indian automotive OEMs. The product line would include Rear Parking Assist System, Auto Parking, Cameras, Around View System, Driver Monitoring System, Digital Video Recorder, Blind Spot Detection, Door Open Alert, Lane Departure Alert, Rear Cross Traffic Alert, Tyre Pressure Monitoring System and Head Up Display. Whetron Group is a leading supplier in automotive electronics and a global supplier to many of the vehicle manufacturers around the world like Honda, Renault, Suzuki, Toyota, Hyundai, Mitsubishi, Yamaha, Piaggio, PSA amongst others.

Registered Address

B-6/20 LSC, Safdarjung Enclave, New Delhi, New Delhi, 110049

Tel : 91-11-40511800
Email : info:sandhar.in
Website : http://www.sandhargroup.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 541163
NSE Code : SANDHAR
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE278H01035

FAQ’s on Sandhar Technologies Limited Shares

You can buy Sandhar Technologies Limited shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Sandhar Technologies Limited Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:52 PM the closing price of Sandhar Technologies Limited was Rs.521.75.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 17, 2024 03:52 PM, the market cap of Sandhar Technologies Limited stood at Rs. 3,140.47.

The latest PE ratio of Sandhar Technologies Limited as of May 17, 2024 03:52 PM is 31.69

The latest PB ratio of Sandhar Technologies Limited as of May 17, 2024 03:52 PM is 0.30

The 52-week high of Sandhar Technologies Limited share price is Rs. 590.00 while the 52-week low is Rs. 228.20

According to analyst recommendations, Sandhar Technologies Limited Share has a "Buy" rating for the long term.

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