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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 541163 | NSE: SANDHAR

Sandhar Technologies Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:53 am

Market Cap 3,224 Cr.
Current Price 536
High / Low 698/432
Stock P/E24.8
Book Value 177
Dividend Yield0.61 %
ROCE12.1 %
ROE11.4 %
Face Value 10.0
PEG Ratio1.62

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
G S Auto International Ltd 59.6 Cr. 41.1 54.8/24.148.5 15.60.00 %10.1 %3.21 % 5.00
Duncan Engineering Ltd 208 Cr. 563 902/38432.0 1490.62 %18.4 %13.9 % 10.0
Bharat Seats Ltd 685 Cr. 109 125/62.825.1 27.90.73 %15.3 %15.9 % 2.00
Automobile Corporation of Goa Ltd 1,300 Cr. 2,135 3,449/1,39028.3 3870.94 %18.7 %18.6 % 10.0
Akar Auto Industries Ltd 134 Cr. 125 170/87.821.5 44.40.48 %17.3 %13.1 % 5.00
Industry Average4,815.28N/A35.14N/AN/A16.3614.59N/A

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales410618612684675746723765829885890918913
Expenses382562563623623690657697756804801820827
Operating Profit28564960525765687381899886
OPM %7%9%8%9%8%8%9%9%9%9%10%11%9%
Other Income2211332834357
Interest4446789111113131414
Depreciation24252527292931333537404241
Profit before tax2302228192327323035394637
Tax %-20%28%39%38%32%28%27%22%27%22%34%23%22%
Net Profit2211318131620252228253629
EPS in Rs0.373.522.162.912.112.703.274.043.554.544.195.964.83

Last Updated: October 25, 2024, 4:27 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 25, 2024, 4:27 pm

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1,4821,5131,6111,9462,3361,9431,8642,3242,9093,5213,605
Expenses1,3431,3721,4661,7432,0911,7571,6862,1302,6633,1803,251
Operating Profit139141146203245187177193246341353
OPM %9%9%9%10%10%10%10%8%8%10%10%
Other Income6174610116111418
Interest4142434324201618365254
Depreciation52555868819894100122154159
Profit before tax51455297145787881100150158
Tax %25%25%20%32%34%27%26%31%27%27%
Net Profit383442669657585674110118
EPS in Rs7.486.548.0710.8015.819.459.599.2612.1218.2419.52
Dividend Payout %25%54%25%19%16%21%23%24%21%18%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-10.53%23.53%57.14%45.45%-40.62%1.75%-3.45%32.14%48.65%
Change in YoY Net Profit Growth (%)0.00%34.06%33.61%-11.69%-86.08%42.38%-5.20%35.59%16.51%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2015-2016 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:9%
3 Years:24%
TTM:16%
Compounded Profit Growth
10 Years:%
5 Years:3%
3 Years:24%
TTM:40%
Stock Price CAGR
10 Years:%
5 Years:18%
3 Years:28%
1 Year:10%
Return on Equity
10 Years:%
5 Years:8%
3 Years:9%
Last Year:11%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:44 pm

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital1051516060606060606060
Reserves2492222515746597027447998609561,008
Borrowings370395460484268283310614666741731
Other Liabilities286296305467475321482503563662676
Total Liabilities9169651,0671,5851,4621,3671,5971,9762,1502,4202,475
Fixed Assets4765285956787438318429421,1721,3361,332
CWIP405529723733151281157688
Investments34112439485853495766
Other Assets396377433811642454682853814950988
Total Assets9169651,0671,5851,4621,3671,5971,9762,1502,4202,475

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1001449618813323912449308275
Cash from Investing Activity +-118-103-107-186-141-112-98-310-269-241
Cash from Financing Activity +20-4114247-243-124-26260-37-7
Net Cash Flow2-02249-2513-1-2227

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-231.00-254.00-314.00-281.00-23.00-96.00-133.00-421.00-420.00-400.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days46404750533677704547
Inventory Days63656366586471676057
Days Payable90919011294791311038283
Cash Conversion Cycle1914195172217352322
Working Capital Days241812-33272538473127
ROCE %14%13%15%16%10%9%8%9%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters70.38%70.38%70.38%70.38%70.38%70.38%70.38%70.38%70.38%70.38%70.38%70.38%
FIIs1.25%0.98%1.05%1.09%0.90%0.91%1.65%1.35%1.52%1.48%1.61%0.90%
DIIs15.68%15.46%16.11%15.58%16.81%16.52%16.96%16.96%16.41%16.15%16.31%16.17%
Public12.69%13.18%12.46%12.95%11.92%12.19%11.01%11.30%11.69%11.99%11.69%12.54%
No. of Shareholders33,24633,66432,64734,12532,18130,73128,41229,34631,28637,27035,85537,588

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund2,425,8520.27119.642,425,8522024-12-200%
DSP Small Cap Fund2,353,8940.91118.842,425,8522024-12-20-2.97%
Kotak Small Cap Fund - Regular Plan1,933,8580.6895.382,425,8522024-12-20-20.28%
Bandhan ELSS Tax Saver Fund1,350,0001.1666.582,425,8522024-12-20-44.35%
ICICI Prudential Equity & Debt Fund341,7370.0617.252,425,8522024-12-20-85.91%
ICICI Prudential Dividend Yield Equity Fund313,6890.5515.842,425,8522024-12-20-87.07%
Bandhan Transportation and Logistics Fund200,0002.559.862,425,8522024-12-20-91.76%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)18.3212.229.299.619.47
Diluted EPS (Rs.)18.3212.229.299.619.47
Cash EPS (Rs.)43.1932.8828.0227.0827.39
Book Value[Excl.RevalReserv]/Share (Rs.)168.90153.66143.35134.25127.27
Book Value[Incl.RevalReserv]/Share (Rs.)168.90153.66143.35134.25127.27
Revenue From Operations / Share (Rs.)584.99483.28386.06309.61322.87
PBDIT / Share (Rs.)58.3843.4635.3933.0934.29
PBIT / Share (Rs.)32.8623.2718.7717.4817.94
PBT / Share (Rs.)24.3017.1415.6414.8214.54
Net Profit / Share (Rs.)17.6612.6911.4011.4711.04
NP After MI And SOA / Share (Rs.)18.2412.129.269.609.45
PBDIT Margin (%)9.978.999.1610.6810.62
PBIT Margin (%)5.614.814.865.645.55
PBT Margin (%)4.153.544.054.784.50
Net Profit Margin (%)3.012.622.953.703.42
NP After MI And SOA Margin (%)3.112.502.393.092.92
Return on Networth / Equity (%)10.797.926.487.177.46
Return on Capital Employeed (%)13.5510.209.3610.4712.45
Return On Assets (%)4.523.382.823.614.16
Long Term Debt / Equity (X)0.280.330.280.120.01
Total Debt / Equity (X)0.610.590.600.260.25
Asset Turnover Ratio (%)1.541.431.271.211.31
Current Ratio (X)0.940.991.041.120.88
Quick Ratio (X)0.600.610.700.760.49
Inventory Turnover Ratio (X)6.767.737.156.186.06
Dividend Payout Ratio (NP) (%)13.7318.6010.9020.9426.87
Dividend Payout Ratio (CP) (%)5.726.973.907.979.84
Earning Retention Ratio (%)86.2781.4089.1079.0673.13
Cash Earning Retention Ratio (%)94.2893.0396.1092.0390.16
Interest Coverage Ratio (X)6.827.3112.0312.4310.09
Interest Coverage Ratio (Post Tax) (X)3.063.174.945.314.25
Enterprise Value (Cr.)3735.331760.671827.161443.78965.80
EV / Net Operating Revenue (X)1.060.600.780.770.49
EV / EBITDA (X)10.636.738.587.254.68
MarketCap / Net Operating Revenue (X)0.890.410.560.660.39
Retention Ratios (%)86.2681.3989.0979.0573.12
Price / BV (X)3.091.321.531.541.02
Price / Net Operating Revenue (X)0.890.410.560.660.39
EarningsYield0.030.060.040.040.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 503.47

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Overvalued by 6.07% compared to the current share price 536.00

Intrinsic Value of as of December 21, 2024 is: 580.37

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 8.28% compared to the current share price 536.00

Last 5 Year EPS CAGR: 15.27%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 21.60, which is a positive sign.
  2. The company has higher reserves (638.55 cr) compared to borrowings (483.82 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.64 cr) and profit (94.09 cr) over the years.
  1. The stock has a low average ROCE of 10.60%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 19.30, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 3.01%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 13.55% (Industry Average ROCE: 16.36%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 10.79% (Industry Average ROE: 14.59%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.06
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.6
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 24.8 (Industry average Stock P/E: 35.14)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.61
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Sandhar Technologies Ltd. is a Public Limited Listed company incorporated on 19/10/1987 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74999DL1987PLC029553 and registration number is 029553. Currently Company is involved in the business activities of Manufacture of parts and accessories of three wheelers and motorcycles including side cars. Company’s Total Operating Revenue is Rs. 1941.02 Cr. and Equity Capital is Rs. 60.19 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - OthersB-6/20 L.S.C. New Delhi Delhi 110029investors@sandhar.in
http://www.sandhar.co.in
Management
NamePosition Held
Mr. Dharmendar Nath DavarChairperson Emeritus
Mr. Jayant DavarChairman & M.D & CEO
Mrs. Monica DavarNon Exe.Non Ind.Director
Mr. Sandeep DinodiaNon Exe.Non Ind.Director
Mr. Neel Jay DavarNon Exe.Non Ind.Director
Mr. Vimal MahendruInd. Non-Executive Director
Mr. Bharat AnandInd. Non-Executive Director
Mrs. Archana CapoorInd. Non-Executive Director
Mr. Arjun SharmaInd. Non-Executive Director
Mr. Vikrampati SinghaniaInd. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹503.47, which is 6.07% lower than the current market price of ₹536.00. The stock has a market capitalization of 3,224 Cr. and recorded a high/low of 698/432 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,008 Cr and total liabilities of ₹2,475 Cr.

What is the Market Cap of ?

The Market Cap of is 3,224 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 536.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 698/432.

What is the Stock P/E of ?

The Stock P/E of is 24.8.

What is the Book Value of ?

The Book Value of is 177.

What is the Dividend Yield of ?

The Dividend Yield of is 0.61 %.

What is the ROCE of ?

The ROCE of is 12.1 %.

What is the ROE of ?

The ROE of is 11.4 %.

What is the Face Value of ?

The Face Value of is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE