Employees: 1,307
Size Sandhar Technologies (SANDHAR.NS) is an India Consumer Discretionary company (Motor Vehicles) with a market value of $305M, the 1045th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹478.90 on 6 Nov 2026.
Performance Over six months the shares fell 9.3%, against -21.8% for the median peer and 0.0% for the India market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 26.6% over the last twelve months (peer median -4.3%); the operating margin is 5.2% (peer median 0.9%).
Valuation It trades at 13.5× forward earnings against a peer median of 11.8× (4th most expensive of 11).
Capital Return on invested capital runs 1.9 points above its cost of capital (13.2% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹51.4B | ₹48.5B | ₹38.8B | ₹35.2B | ₹29.1B |
| Revenue growth | — | +25% | +10% | +21% | — |
| Gross profit | ₹10.3B | ₹4.54B | ₹3.85B | ₹3.27B | ₹2.38B |
| EBITDA | ₹4.60B | ₹4.50B | ₹3.89B | ₹3.43B | ₹2.52B |
| Net income | ₹2.08B | ₹1.99B | ₹1.42B | ₹1.10B | ₹730M |
| Free cash flow | n/a | -₹1.48B | -₹1.15B | -₹52.5M | ₹219M |
| Capital expenditure | n/a | ₹2.99B | ₹3.16B | ₹2.37B | ₹2.57B |
| Total debt | n/a | ₹11.5B | ₹9.24B | ₹7.41B | ₹6.66B |
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| Measure | SANDHAR.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.7% | -12.1% | 8th lowest of 21 |
| 6-month return | -9.3% | -21.8% | 5th highest of 21 |
| Distance from 52-week high | -37.2% | -44.3% | 7th highest of 21 |
| Revenue growth (TTM) | +26.6% | -4.3% | 2nd highest of 21 |
| Operating margin | 5.2% | 0.9% | 8th highest of 21 |
| Forward P/E | 13.5× | 11.8× | 4th most expensive of 11 |
| ROIC minus cost of capital | +1.9 pp | -3.7 pp | 4th highest of 21 |
| EV / EBITDA | 6.3× | 8.3× | 3rd cheapest of 9 |
| Net debt / EBITDA | 2.4× | 0.6× | 5th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sandhar Technologies SANDHAR.NS | India | $305M | -9% | +27% | 5% | 13.5× | n/a | n/a |
| Hota Industrial Manufacturing 1536.TW | Taiwan | $309M | -35% | -4% | -12% | 23.6× | 23.8% | -1.6% |
| KG Mobility 003620.KS | South Korea | $311M | -52% | +25% | 1% | n/a | n/a | n/a |
| Her Chee Industrial 8937.TWO | Taiwan | $314M | -36% | +333% | -45% | n/a | n/a | n/a |
| United Alloy-Tech 3162.TWO | Taiwan | $317M | -18% | +26% | 1% | 14.9× | n/a | n/a |
| Jiangsu Xinri E-Vehicle 603787.SS | China | $318M | -23% | -12% | -3% | n/a | n/a | n/a |
| KMC (Kuei Meng) International 5306.TW | Taiwan | $325M | +6% | -2% | 22% | 12.0× | -8.8% | -5.3% |
| Joy Kie 300994.SZ | China | $345M | -29% | -3% | 2% | 13.3× | 9.9% | +8.0% |
| Yulon Nissan Motor 2227.TW | Taiwan | $379M | -21% | -24% | -5% | 10.7× | n/a | n/a |
| Eson Precision Ind 5243.TW | Taiwan | $382M | -31% | -11% | 10% | 11.3× | -7.0% | +4.1% |
| Liaoning Shenhua 600653.SS | China | $450M | -16% | -42% | -3% | n/a | 35.7% | -11.9% |
| Anhui Ankai Automobile 000868.SZ | China | $468M | -26% | -1% | -4% | n/a | n/a | n/a |
| Shenzhen China Bicycle Company (Holdings) 000017.SZ | China | $469M | -1% | -39% | 6% | n/a | 31.4% | +44.2% |
| Aston Martin Lagonda Global AML.L | United Kingdom | $474M | -26% | 0% | -12% | n/a | n/a | n/a |
| Amotiv AOV.AX | Australia | $476M | -19% | +3% | 16% | 6.5× | -4.7% | +13.0% |
| WINBO-Dongjian Automotive Technology 300978.SZ | China | $522M | -24% | -8% | 11% | n/a | 2.2% | +6.7% |
| Miller Industries MLR | United States | $526M | -4% | -21% | 3% | 16.4× | 4.0% | +3.9% |
| Jiangsu Yueda Investment 600805.SS | China | $559M | -17% | -4% | 0% | n/a | n/a | n/a |
| Hirata 6258.T | Japan | $564M | -14% | +9% | 11% | 11.0× | 4.1% | +7.8% |
| Merida Industry 9914.TW | Taiwan | $573M | +9% | -16% | 6% | 11.5× | -4.9% | -0.3% |
| Jilin Liyuan Precision Manufacturing 002501.SZ | China | $591M | -25% | -9% | -55% | n/a | n/a | n/a |