Sandhar Technologies Ltd.

NSE: SANDHAR  SECTOR: Auto Ancillary

244.4
-1.35 (-0.55%)

Price Summary

Today's High

₹ 247.05

Today's Low

₹ 241

52 Week High

₹ 293

52 Week Low

₹ 121.1

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

1471.06090352 Cr.

Enterprise Value

1506.53650352 Cr.

No. of Shares

6.0190708 Cr.

P/E

59.2

P/B

1.96

Face Value

₹ 10

Div. Yield

0.82%

Book Value (TTM)

₹  124.7087

CASH

3.7876 Cr.

DEBT

39.2632 Cr.

Promoter Holding

70.32%

EPS (TTM)

₹  4.1287

Sales Growth

-19.4878010919817%

ROE

8.31004016294341 %

ROCE

11.5530559119095 %

Profit Growth

3.71463056891999 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.)

1 Year-19.49%
3 Year6.21%
5 Year5.46%

Profit Growth (in Cr.)

1 Year-36.09%
3 Year16.54%
5 Year11.83%

ROE%

1 Year8.31%
3 Year12.48%
5 Year12.81%

ROCE %

1 Year11.55%
3 Year15.6%
5 Year15.21%

Debt/Equity

0.0518

Price to Cash Flow

7.63

Interest Cover Ratio

7.40517480192808

CFO/PAT (5 Yr. Avg.)

2.65071109006207

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2020 70.32 0
Sep 2020 70.3 0
Jun 2020 70.29 0
Mar 2020 70.29 0
Dec 2019 70.25 0
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 16.5360383931905% for the Past 3 years.
  • The company has significantly decreased its debt by 74.9155 Cr.
  • Company is virtually debt free.
  • The company has an efficient Cash Conversion Cycle of 22.0330826831918 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.65071109006207.
  • The company has a high promoter holding of 70.32%.

 Limitations

  • The company has shown a poor revenue growth of 6.21494868526233% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
Net Sales 429.36 402.77 335.21 99.36 426.49
Total Expenditure 386.09 361.25 307.04 110.89 383.02
Operating Profit 43.28 41.52 28.17 -11.53 43.47
Other Income 1.42 2.61 4.93 0.65 3.02
Interest 3.73 2.75 2.53 1.42 2.71
Depreciation 18.92 18.98 18.54 15.55 17.45
Exceptional Items 0 0 0 0 0
Profit Before Tax 22.05 22.4 12.02 -27.85 26.33
Tax 3.46 5.69 2.66 -7.03 6.74
Profit After Tax 18.59 16.72 9.36 -20.82 19.59
Adjusted EPS (Rs) 0.31 0.28 0.16 -0.35 0.33

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 1290.71 1368.66 1684.17 2036.99 1640.03
Total Expenditure 1161.51 1243.02 1497.69 1815.66 1481.9
Operating Profit 129.21 125.64 186.48 221.33 158.13
Other Income 3.01 6.48 4.44 6.27 11.03
Interest 37.34 35.57 38.12 17.46 12.63
Depreciation 46.58 47.66 55.13 66.7 75.6
Exceptional Items -4.93 -1.55 0 -1.48 0
Profit Before Tax 43.37 47.34 97.68 141.97 80.92
Tax 11.1 8.84 29.95 46.64 20
Net Profit 32.27 38.49 67.73 95.33 60.92
Adjusted EPS (Rs.) 6.31 7.52 11.25 15.84 10.12

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 51.16 51.15 60.19 60.19 60.19
Total Reserves 209.62 238.57 563.39 648.46 697.36
Borrowings 154.87 173.73 1 0.59 0.24
Other N/C liabilities 6.29 5.71 5.69 11.69 19.83
Current liabilities 342.13 376.53 691.81 458.79 264.5
Total Liabilities 764.06 845.69 1322.08 1179.72 1042.11
Assets
Net Block 427.37 476.09 533.43 589.5 601.38
Capital WIP 39.93 21.5 63.6 28 22.1
Investments 39.89 34.97 49.28 67.44 91.24
Loans & Advances 15.39 12.23 21.75 17.5 13.39
Other N/C Assets 0 0 0 0 0
Current Assets 241.48 300.91 654.02 477.29 314.01
Total Assets 764.06 845.69 1322.08 1179.72 1042.11
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 43.37 47.34 97.68 141.97 80.92
Adjustment 82.12 80.42 92.81 83.78 86.37
Working Capital Changes 33.53 -45.99 3.35 -68.3 50.27
Tax Paid -15.49 -7.87 -17.38 -51.18 -24.73
Operating Cash Flow 143.53 73.91 176.46 106.28 192.82
Investing Cash Flow -83.84 -72.64 -153.69 -114.48 -77.26
Financing Cash Flow -60.27 0.56 228.3 -244.7 -113.15
Net Cash Flow -0.59 1.83 251.06 -252.89 2.42

Corporate Actions

Ratings & Research Reports

Company Presentations

Company News

Sandhar Tech Stock Price Analysis and Quick Research Report. Is Sandhar Tech an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Sandhar Tech is performing and if it is the right time to buy the stock of Sandhar Tech with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Sandhar Tech has reported poor sales growth of -19.4878010919817 % and in the latest quarter sales was Rs 426.488 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 12.8354705194323 times for Sandhar Tech . It is managing its inventory poorly .
     
  • The company reported Profit loss of -36.0926075508513 % over the year, where the latest year profit is Rs 60.921 Cr compared to the previous year of Rs 95.327 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 46.491 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Sandhar Tech has a poor ROE of 8.31004016294341 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Sandhar Tech has a low Debt to Equity ratio of 0.0518.
     
  • Sandhar Tech pays a dividend of 2 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0.8183 %.
     
  • The share of promoter in the company is high at 70.32 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Sandhar Tech is 59.1953883789086 compared to the 5 year average PE of 5.84165196607146 .
Brief about Sandhar Tech

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