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← CockpitCompetitor Analysis › SANDHAR.NS Sandhar Technologies Ltd.Open in the cockpit ↗

Sandhar Technologies Ltd.SANDHAR.NSCompetitor analysis, valuation and peers

India · INR·Auto & Ancillaries›Motor Vehicles
Momentum laggard 12
Mkt cap
$305M
US dollars, full cap
Free float
30%
of shares outstanding
$/day
$796,335
20-day average traded
Fwd P/E
13.5×
forward earnings
ROIC−WACC
+1.9 pp
WACC 13.2%
Hurdle
n/a
no reverse DCF
Next earnings
97 days
11 Feb 2027
Close · INR₹478.90
1D-0.9%
1W+7.4%
1M-14.7%
3M-27.0%
6M-9.3%
YTD-12.9%
1Y-9.1%
ATR %4.9%
Beta1.17
52w lowhigh37.2% off high

What Sandhar Technologies does

Employees: 1,307

Sandhar Technologies at a glance

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).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 2026SANDHAR.NS 90Peer median 78
Six months, rebased to 100: Sandhar Technologies against the median of its 20 peers (local-currency closes).

Sandhar Technologies financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
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 flown/a-₹1.48B-₹1.15B-₹52.5M₹219M
Capital expendituren/a₹2.99B₹3.16B₹2.37B₹2.57B
Total debtn/a₹11.5B₹9.24B₹7.41B₹6.66B

Quarterly statements and history in the cockpit →

Sandhar Technologies competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%-20%-10%153600362089373162603787530630099422275243600653000868000017AMLAOV300978MLR62589914002501SANDHAR.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Sandhar Technologies is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%10×15×20×15363162530630099422275243AOVMLR62589914SANDHAR.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Sandhar Technologies is the large dot.

Sandhar Technologies competitors and peer comparison

How Sandhar Technologies compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Sandhar Technologies against its 20 peers (data as of 6 Nov 2026)
MeasureSANDHAR.NSPeer medianRank 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 margin5.2%0.9%8th highest of 21
Forward P/E13.5×11.8×4th most expensive of 11
ROIC minus cost of capital+1.9 pp-3.7 pp4th highest of 21
EV / EBITDA6.3×8.3×3rd cheapest of 9
Net debt / EBITDA2.4×0.6×5th most indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Sandhar Technologies SANDHAR.NSIndia$305M-9%+27%5%13.5×n/an/a
Hota Industrial Manufacturing 1536.TWTaiwan$309M-35%-4%-12%23.6×23.8%-1.6%
KG Mobility 003620.KSSouth Korea$311M-52%+25%1%n/an/an/a
Her Chee Industrial 8937.TWOTaiwan$314M-36%+333%-45%n/an/an/a
United Alloy-Tech 3162.TWOTaiwan$317M-18%+26%1%14.9×n/an/a
Jiangsu Xinri E-Vehicle 603787.SSChina$318M-23%-12%-3%n/an/an/a
KMC (Kuei Meng) International 5306.TWTaiwan$325M+6%-2%22%12.0×-8.8%-5.3%
Joy Kie 300994.SZChina$345M-29%-3%2%13.3×9.9%+8.0%
Yulon Nissan Motor 2227.TWTaiwan$379M-21%-24%-5%10.7×n/an/a
Eson Precision Ind 5243.TWTaiwan$382M-31%-11%10%11.3×-7.0%+4.1%
Liaoning Shenhua 600653.SSChina$450M-16%-42%-3%n/a35.7%-11.9%
Anhui Ankai Automobile 000868.SZChina$468M-26%-1%-4%n/an/an/a
Shenzhen China Bicycle Company (Holdings) 000017.SZChina$469M-1%-39%6%n/a31.4%+44.2%
Aston Martin Lagonda Global AML.LUnited Kingdom$474M-26%0%-12%n/an/an/a
Amotiv AOV.AXAustralia$476M-19%+3%16%6.5×-4.7%+13.0%
WINBO-Dongjian Automotive Technology 300978.SZChina$522M-24%-8%11%n/a2.2%+6.7%
Miller Industries MLRUnited States$526M-4%-21%3%16.4×4.0%+3.9%
Jiangsu Yueda Investment 600805.SSChina$559M-17%-4%0%n/an/an/a
Hirata 6258.TJapan$564M-14%+9%11%11.0×4.1%+7.8%
Merida Industry 9914.TWTaiwan$573M+9%-16%6%11.5×-4.9%-0.3%
Jilin Liyuan Precision Manufacturing 002501.SZChina$591M-25%-9%-55%n/an/an/a

Questions

Which companies are Sandhar Technologies's closest peers?
The cockpit's peer set: Hota Industrial Manufacturing (1536.TW), KG Mobility (003620.KS), Her Chee Industrial (8937.TWO), United Alloy-Tech (3162.TWO), Jiangsu Xinri E-Vehicle (603787.SS), KMC (Kuei Meng) International (5306.TW), Joy Kie (300994.SZ), Yulon Nissan Motor (2227.TW).
Is Sandhar Technologies expensive compared with its peers?
On forward p/e it trades at 13.5× against a peer median of 11.8×, 4th most expensive of 11 in its peer set.
How has Sandhar Technologies stock performed?
Over six months to 6 Nov 2026 the shares returned -9.3% against -21.8% for the median peer; over one year -9.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.