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SAND

Sandhar TechnologiesNSEI:SANDHAR Stock Report

Market Cap

₹16.6b

7D

-8.1%

1Y

13.3%

Updated

23 Oct, 2021

Data

Company Financials +
SANDHAR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends2/6

SANDHAR Overview

Sandhar Technologies Limited, together with its subsidiaries, designs, manufactures, assembles, and sells automotive components in India and Europe.

Sandhar Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sandhar Technologies
Historical stock prices
Current Share Price₹275.15
52 Week High₹174.50
52 Week Low₹333.00
Beta0.97
1 Month Change-2.76%
3 Month Change-7.71%
1 Year Change13.25%
3 Year Change-10.51%
5 Year Changen/a
Change since IPO-14.59%

Recent News & Updates

Sep 16
It's Unlikely That Sandhar Technologies Limited's (NSE:SANDHAR) CEO Will See A Huge Pay Rise This Year

It's Unlikely That Sandhar Technologies Limited's (NSE:SANDHAR) CEO Will See A Huge Pay Rise This Year

As many shareholders of Sandhar Technologies Limited ( NSE:SANDHAR ) will be aware, they have not made a gain on their...

Sep 06
Sandhar Technologies (NSE:SANDHAR) Has Announced That It Will Be Increasing Its Dividend To ₹1.00

Sandhar Technologies (NSE:SANDHAR) Has Announced That It Will Be Increasing Its Dividend To ₹1.00

The board of Sandhar Technologies Limited ( NSE:SANDHAR ) has announced that it will be increasing its dividend on the...

Aug 23
Sandhar Technologies (NSE:SANDHAR) Is Paying Out A Larger Dividend Than Last Year

Sandhar Technologies (NSE:SANDHAR) Is Paying Out A Larger Dividend Than Last Year

Sandhar Technologies Limited's ( NSE:SANDHAR ) dividend will be increasing to ₹1.00 on 23rd of October. This will take...

Shareholder Returns

SANDHARIN Auto ComponentsIN Market
7D-8.1%-5.2%-3.1%
1Y13.3%66.9%61.1%

Return vs Industry: SANDHAR underperformed the Indian Auto Components industry which returned 66.9% over the past year.

Return vs Market: SANDHAR underperformed the Indian Market which returned 61.1% over the past year.

Price Volatility

Is SANDHAR's price volatile compared to industry and market?
SANDHAR volatility
SANDHAR Beta0.97
Industry Beta0.97
Market Beta1

Stable Share Price: SANDHAR is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SANDHAR's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19871,783Jayant Davarhttps://www.sandhargroup.com

Sandhar Technologies Limited, together with its subsidiaries, designs, manufactures, assembles, and sells automotive components in India and Europe. It offers locking systems, hinges and latches, and door handles, as well as vision systems; sheet metal components; zinc, aluminum, and magnesium die casting products; plastic injection molded components; and commercial tooling products, such as plastic molds, and zinc and aluminum PDC dies, as well as painting, plating, and coating solutions. The company also provides operator cabins and structural parts, such as canopies, housings, panels, switchboards, control cabinets, and various type of hi-precision sheet metal components; automotive optoelectronic products, including AVN panels, keyless entry systems, reverse park assist systems, blind spot detection systems, and tire pressure monitoring systems and others; and fuel pumps, starter motors, ACG, oil filters, and wiper blades.

Sandhar Technologies Fundamentals Summary

How do Sandhar Technologies's earnings and revenue compare to its market cap?
SANDHAR fundamental statistics
Market Cap₹16.56b
Earnings (TTM)₹909.83m
Revenue (TTM)₹21.44b

18.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SANDHAR income statement (TTM)
Revenue₹21.44b
Cost of Revenue₹12.54b
Gross Profit₹8.91b
Expenses₹8.00b
Earnings₹909.83m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 12, 2021

Earnings per share (EPS)15.12
Gross Margin41.53%
Net Profit Margin4.24%
Debt/Equity Ratio37.5%

How did SANDHAR perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

15%

Payout Ratio

Valuation

Is Sandhar Technologies undervalued compared to its fair value and its price relative to the market?

24.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SANDHAR (₹275.15) is trading below our estimate of fair value (₹364.63)

Significantly Below Fair Value: SANDHAR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SANDHAR is good value based on its PE Ratio (18.2x) compared to the Indian Auto Components industry average (22.1x).

PE vs Market: SANDHAR is good value based on its PE Ratio (18.2x) compared to the Indian market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: SANDHAR is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: SANDHAR's PB Ratio (2.1x) is in line with the IN Auto Components industry average.


Future Growth

How is Sandhar Technologies forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

29.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SANDHAR's forecast earnings growth (29.5% per year) is above the savings rate (6.7%).

Earnings vs Market: SANDHAR's earnings (29.5% per year) are forecast to grow faster than the Indian market (19.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SANDHAR's revenue (13.6% per year) is forecast to grow faster than the Indian market (12.8% per year).

High Growth Revenue: SANDHAR's revenue (13.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SANDHAR's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Sandhar Technologies performed over the past 5 years?

-7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SANDHAR has high quality earnings.

Growing Profit Margin: SANDHAR's current net profit margins (4.2%) are higher than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: SANDHAR's earnings have declined by 7.8% per year over the past 5 years.

Accelerating Growth: SANDHAR's earnings growth over the past year (661%) exceeds its 5-year average (-7.8% per year).

Earnings vs Industry: SANDHAR earnings growth over the past year (661%) exceeded the Auto Components industry 139.8%.


Return on Equity

High ROE: SANDHAR's Return on Equity (11.3%) is considered low.


Financial Health

How is Sandhar Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: SANDHAR's short term assets (₹6.6B) exceed its short term liabilities (₹5.9B).

Long Term Liabilities: SANDHAR's short term assets (₹6.6B) exceed its long term liabilities (₹2.0B).


Debt to Equity History and Analysis

Debt Level: SANDHAR's debt to equity ratio (37.5%) is considered satisfactory.

Reducing Debt: SANDHAR's debt to equity ratio has reduced from 143.7% to 37.5% over the past 5 years.

Debt Coverage: SANDHAR's debt is well covered by operating cash flow (40.9%).

Interest Coverage: SANDHAR's interest payments on its debt are well covered by EBIT (8.1x coverage).


Balance Sheet


Dividend

What is Sandhar Technologies's current dividend yield, its reliability and sustainability?

0.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SANDHAR's dividend (0.82%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: SANDHAR's dividend (0.82%) is low compared to the top 25% of dividend payers in the Indian market (1.41%).


Stability and Growth of Payments

Stable Dividend: SANDHAR has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SANDHAR has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.1%), SANDHAR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average board tenure


CEO

Jayant Davar (60 yo)

no data

Tenure

₹45,927,000

Compensation

Mr. Jayant Davar founded Sandhar Technologies Limited in 1985 and serves as its Co-Chairman and Managing Director. He is the Promoter of Sandhar Technologies Limited. He serves as an Independent Director o...


CEO Compensation Analysis

Compensation vs Market: Jayant's total compensation ($USD612.61K) is above average for companies of similar size in the Indian market ($USD189.99K).

Compensation vs Earnings: Jayant's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: SANDHAR's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SANDHAR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sandhar Technologies Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Sandhar Technologies Limited
  • Ticker: SANDHAR
  • Exchange: NSEI
  • Founded: 1987
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹16.561b
  • Shares outstanding: 60.19m
  • Website: https://www.sandhargroup.com

Number of Employees


Location

  • Sandhar Technologies Limited
  • Plot No. 13
  • Sector-44
  • Gurugram
  • Haryana
  • 122002
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 12:07
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.