Makes auto components sold primarily to Indian two-wheeler and passenger-vehicle makers, with FY26 consolidated revenue of ₹4,852.0861 crore. The India business accounts for 90.3% of segment revenue (₹4,383.8376 crore, EBIT ₹327.177 crore) and includes divisions covering cabins and fabrication, casting/machining/tooling, die-casting (Sundaram-Clayton), and a recently acquired 26% stake in a renewable-energy SPV tied to Hero Rooftop Energy. Two-wheelers are the dominant product line, contributing 67% of revenue and growing 35.1% YoY versus industry growth of 12.9%. An EV product line sold 41,000 battery chargers and 5,500 motor control units in FY26 for ₹20 crore of revenue, with management targeting doubling in FY27. The Overseas segment (Barcelona, Romania) made up 9.7% of segment revenue (₹468.2485 crore) and turned EBT-neutral in Q4 FY26 after years of losses, though the full-year loss was €2.56 million. Major input cost is materials at 63.9% of revenue, followed by employees at 12.7% and other operating expenses at 15.3%; depreciation runs at 4.0% and capex at 6.2% of revenue, with FY27 capex guided at ₹275–310 crore. Customer concentration is high: the top two customers, Hero and TVS, together account for 56.1% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. India (90%), Overseas (10%). Asset-heavy auto-components supplier concentrated on Indian two-wheelers, with a small EV business and a recovering overseas subsidiary.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,324 | 2,909 | 3,521 | 3,885 | 4,852 |
| EBITDA (ex other income) | 192 | 245 | 345 | 395 | 443 |
| margin % | 8.3 | 8.4 | 9.8 | 10.2 | 9.1 |
| Owners' profit | 56 | 73 | 110 | 142 | 199 |
| EPS, as reported (₹) | 9.29 | 12.22 | 18.32 | 23.53 | 33.00 |
| ROE % · ROCE % | 6.5 · 8.2 | 8.0 · 9.9 | 10.8 · 13.8 | 12.4 · 15.4 | 14.9 · 17.6 |
| Debt / equity (x) | 0.60 | 0.59 | 0.61 | 0.72 | 0.71 |
| Cash from operations | 49 | 308 | 275 | 247 | 210 |
| Capex | (297) | (257) | (237) | (316) | (299) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 984 | 974 | 1,014 | 1,090 | 1,270 | 1,185 | 1,307 | 1,382 |
| Profit before tax | 50 | 42 | 56 | 36 | 96 | 45 | 79 | 51 |
| Net profit | 40 | 30 | 43 | 28 | 73 | 33 | 64 | 37 |
| EPS (₹) | 6.65 | 4.97 | 7.08 | 4.65 | 12.19 | 5.56 | 10.60 | 6.19 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| India | 3,306 | 68.1 |
| Overseas | 362 | 7.5 |
| a) India | 1,078 | 22.2 |
| b) Overseas | 106 | 2.2 |
| Total, before eliminations | 4,852 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Vijay Dahiya resigns from senior management role | management changes | medium | — | — |
| 3 Sept 2026 · VP-Operations Dahiya resigns as Senior Management Personnel | management changes | medium | — | — |
| 27 Aug 2026 · Tax Deduction at Source communication on INR 4 final dividend for FY26 | corporate actions | medium | — | — |
| 26 Aug 2026 · Sandhar Technologies announces 34th AGM notice and annual report dispatch | compliance | minimal | — | — |
| 26 Aug 2026 · Sandhar Technologies files BRSR for FY 2025-26 as part of 34th Annual Report | general | low | — | — |
| 25 Aug 2026 · Sandhar sends annual meeting and report links to shareholders without email | compliance | minimal | — | — |
| 25 Aug 2026 · 34th AGM Notice and Annual Report for FY 2025-26 | board shareholder meetings | medium | — | — |
| 25 Aug 2026 · Sandhar Technologies files BRSR for FY 2025-26 with BSE and NSE | compliance | low | — | — |
| 25 Aug 2026 · Final Dividend of INR 4 per share; Record Date 11 Sept 2026 | corporate actions | medium | — | — |
| 25 Aug 2026 · Sandhar Technologies 34th AGM on 22 Sep 2026; INR 4 final dividend proposed | board shareholder meetings | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 61,739 | 49.3 | 10.04 | — | 10.4 | 14.1 | — | 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.9 | 26.7 | 38 of 123 | 70% |
| P/B | 2.8 | 3.5 | 49 of 116 | 58% |
| ROCE | 13.9 | 12.6 | 55 of 125 | 57% |
| ROE | 14.9 | 11.6 | 38 of 119 | 69% |
| Debt / Equity | 0.7 | 0.3 | 97 of 119 | 19% |
| EBITDA margin | 8.6 | 12.2 | 93 of 118 | 21% |
| Revenue growth | 26.8 | 20.2 | 39 of 113 | 66% |
| Profit growth | 33.1 | 24.4 | 50 of 115 | 57% |
| Market cap | 3721 | 1542 | 45 of 125 | 65% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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