Sandhar Technologies Limited
About
Sandhar Technologies was established in 1987 as a sheet metal components supplying company. Today, the company is a key player in the automotive components and systems sector, with a diverse product portfolio ranging from automotive locking and security systems and automotive vision systems to aluminium, zinc, and magnesium die casting and operators cabins and structural parts. It also provides services like painting, coating, plating, and commercial tooling, along with fuel pumps, filters, helmets, and wiper blades to over 79 Indian and global clients like Hero, Tata, TVS, Honda, Mahindra & Mahindra, and JCB, among others. The company owns and operates 37 manufacturing facilities across the world, with 2 facilities in Spain and 1 in Mexico. Sandhar’s Indian facilities are located across 8 states—Maharashtra, Haryana, Rajasthan, Tamil Nadu, Karnataka, Madhya Pradesh, Uttarakhand, and Himachal Pradesh.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3540 20.9% | 2928 24.4% | 2354 25.6% | 1874 -3.4% | 1939 -17.4% | 2346 19.5% | 1964 20.8% | 1626 7.0% | 1520 1.9% | 1492 17.9% | 1265 7.3% | 1179 8.2% | 1090 22.6% | 889 59.4% | 558 27.1% | 439 - |
| Net Operating Income (INR Cr) | 3521 21.05% | 2909 25.18% | 2324 24.69% | 1864 -4.11% | 1943 -16.80% | 2336 20.01% | 1946 20.79% | 1611 6.49% | 1513 2.10% | 1482 17.16% | 1265 9.06% | 1160 6.94% | 1085 22.81% | 883 0.00% | 551 28.27% | 430 0.00% |
| Profit (INR Cr) | 110 50.5% | 73 30.9% | 56 -3.5% | 58 1.5% | 57 -40.2% | 95 46.4% | 65 57.6% | 41 23.4% | 33 -12.6% | 38 15.6% | 33 73.7% | 19 -33.5% | 29 13.2% | 25 25.6% | 20 69.3% | 12 - |
| Assets (INR Cr) | 1809 11.7% | 1620 9.6% | 1478 31.8% | 1121 6.4% | 1054 5.6% | 998 -11.8% | 1131 46.9% | 770 13.8% | 677 7.2% | 631 16.5% | 542 16.5% | 465 32.0% | 352 12.7% | 313 37.2% | 228 7.7% | 212 - |
| Net Worth (INR Cr) | 1017 10.4% | 920 7.2% | 859 6.8% | 804 5.5% | 762 6.0% | 720 13.5% | 634 109.9% | 302 10.4% | 274 5.6% | 259 24.3% | 209 16.3% | 179 34.3% | 134 -12.1% | 152 0.0% | 137 11.7% | 123 0.0% |
| Employee Cost (INR Cr) | 482 25.2% | 385 20.8% | 318 14.6% | 278 -4.5% | 291 -6.7% | 312 17.7% | 265 15.2% | 230 13.9% | 202 9.5% | 184 15.0% | 160 2.6% | 156 19.0% | 131 22.0% | 108 122.9% | 48 35.9% | 36 - |
| Interest Cost (INR Cr) | 52 | 36 | 18 | 16 | 20 | 24 | 43 | 43 | 42 | 41 | 39 | 36 | 24 | 17 | 10 | 10 |
| Cash & Bank Balance (INR Cr) | 36 | 7 | 7 | 11 | 8 | 5 | 256 | 7 | 6 | 7 | 3 | 6 | 4 | 4 | 2 | 1 |
| Total Debt (INR Cr) | 741 | 666 | 614 | 310 | 283 | 268 | 484 | 460 | 395 | 370 | 331 | 284 | 215 | 159 | 90 | 89 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 3.1% | 2.5% | 2.4% | 3.1% | 2.9% | 4.1% | 3.3% | 2.5% | 2.2% | 2.6% | 2.6% | 1.6% | 2.6% | 2.9% | 3.6% | 2.7% |
| Profit As % Of Assets | 6.1% | 4.5% | 3.8% | 5.2% | 5.4% | 9.5% | 5.8% | 5.4% | 4.9% | 6.1% | 6.1% | 4.1% | 8.1% | 8.1% | 8.8% | 5.6% |
| Profit As % Of Networth | 10.8% | 7.9% | 6.5% | 7.2% | 7.5% | 13.2% | 10.3% | 13.7% | 12.2% | 14.8% | 15.9% | 10.6% | 21.5% | 16.7% | 14.7% | 9.7% |
| Interest Cost to EBITDA % | 15.1% | 14.6% | 9.2% | 9.0% | 11.0% | 9.8% | 21.3% | 29.3% | 30.8% | 29.5% | 33.9% | 38.3% | 25.9% | 21.8% | 20.7% | 29.5% |
| Debt to Equity Ratio | 0.73 | 0.72 | 0.72 | 0.39 | 0.37 | 0.37 | 0.76 | 1.52 | 1.44 | 1.43 | 1.59 | 1.58 | 1.61 | 1.05 | 0.66 | 0.72 |
| RONW | 11.4% | 8.3% | 6.7% | 7.4% | 7.7% | 14.2% | 14.0% | 14.5% | 12.7% | 16.4% | 17.1% | 12.3% | 20.1% | 16.7% | 15.5% | 9.7% |
| ROCE | 11.8% | 8.8% | 7.7% | 8.7% | 9.6% | 16.0% | 14.8% | 13.1% | 13.4% | 15.8% | 16.2% | 15.0% | 19.5% | 17.8% | 18.9% | 13.8% |