Sandhar Technologies Limited is an India-based global automotive manufacturer engaged in the manufacturing and assembling of automotive components for the automotive industry, designing and manufacturing of molds, dies and dies parts, machine tools, jigs and fixtures and fabrication and assembly and construction, Agri-farm and railway products. The company was founded in 1987 by Jayant Davar and currently operates with 3 subsidiaries and 10 joint ventures across 41 factories globally.
Sandhar focuses on customer-centric components, mainly catering to Original Equipment Manufacturers (OEMs). The company has established itself as a significant player in the automotive components industry, serving major OEMs across various vehicle segments including two-wheelers, passenger vehicles, commercial vehicles, and off-highway vehicles.
The company is engaged in manufacturing a diverse range of products with a primary focus on safety and security systems for automobiles across segments. Its product portfolio includes Automotive locking and security systems, Automotive Vision Systems, Stampings, Operators Cabins & Structural Parts, Zinc Die Casting, Aluminium Die Casting, Magnesium Die Casting, Automotive Optoelectronics, Polymers, Painting, Plating and Coating, Commercial Tooling, Helmets, Assemblies, Fuel Pumps, Filters and Wiper Blades.
Sandhar Technologies is a leader in the two-wheeler locking systems market and the commercial vehicle rear-view market in India. It is also one of the two largest companies catering to the commercial vehicle locking systems market and the two-wheeler rear-view market in India. Furthermore, it is one of the two largest manufacturers of operator cabins in India, along with being the largest player in the excavator cabins market.
The company serves a diverse, efficient, and technologically superior product range that caters to different automotive segments such as two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, and tractors, as well as non-automotive segments including medical and electrical equipment.
The company has 32 manufacturing plants, with 27 distributed throughout India and 5 located internationally in Amsterdam, Barcelona, Czestochowa, Chicago, and Java. Sandhar Technologies operates through three primary business verticals: Sandhar Automotives, Sandhar Components, and Sandhar Automach.
These companies are primarily engaged in the business of manufacturing Aluminium Spools and Spindles, serving global auto component manufacturers such as Bosch, Autoliv, ZF Automotive, Joyson Systems, and others.
The company has demonstrated strong financial performance in recent quarters and fiscal years.
For the quarter ended March 2025 (Q4 FY25), net profit of Sandhar Technologies rose 18.82% to ₹42.61 crore against ₹35.86 crore in the previous quarter ended March 2024 (Q4 FY24). Sales rose 10.49% to ₹1,014.08 crore in Q4 FY25 against ₹917.83 crore in Q4 FY24.
For the full year performance ended March 2025 (FY25), net profit rose 29.02% to ₹141.64 crore against ₹109.78 crore in the previous year ended March 2024 (FY24). Sales rose 10.32% to ₹3,884.50 crore in FY25 against ₹3,521.11 crore in FY24.
The market capitalization of Sandhar Technologies Ltd (SANDHAR) is ₹3,271.97 Crore as of 27th June 2025. The 52-week high of the stock is ₹697.50 and the 52-week low is ₹315. The P/E (price-to-earnings) ratio of Sandhar Technologies Ltd (SANDHAR) is 23.10.
Promoter holding in Sandhar Technologies Limited has remained strong at 70.38% as of March 2025, indicating high confidence from the promoters in the company's future prospects.
• Q4 FY25 Performance: Net Sales of ₹1,014.08 crore, Net Profit of ₹42.61 crore
• FY25 Performance: Net Sales of ₹3,884.50 crore, Net Profit of ₹141.64 crore
• Market Capitalization: ₹3,271.97 Crore (as of 27th June 2025)
• Promoter Holding: 70.38% (as of March 2025)
• 52-Week High/Low: ₹697.50 / ₹315
• P/E Ratio: 23.10
The company has been actively pursuing strategic acquisitions to strengthen its market position. In a major move, the Board approved the acquisition of the High Pressure and Low Pressure Aluminium Die Casting Businesses of Sundaram-Clayton Limited at its Hosur Plant by Sandhar Ascast Private Limited, a wholly owned subsidiary of Sandhar Technologies. This acquisition is expected to strengthen Sandhar's position in the die-casting segment, enhancing its manufacturing capabilities and market reach.
The business transfer agreement between the two entities was executed on 26th March 2025. The acquisition is an all-cash deal valued at ₹163 crore, subject to adjustments as per the terms outlined in the business transfer agreement at the time of deal closure.
Sandhar Technologies has an extensive network of subsidiaries and joint ventures to expand its capabilities and market reach. Sandhar Ascast Private Limited, incorporated in 2002, became a Wholly Owned Subsidiary of Sandhar Technologies Limited in 2024. The company also has multiple joint ventures with international partners for manufacturing various automotive components.
The major clientele of the Company includes TVS and other leading automotive companies. The company serves a diversified customer base across different automotive segments, ensuring stable revenue streams.
100% of analysts recommend a 'BUY' rating for Sandhar Technologies Limited. The target price set by analysts for Sandhar Technologies Limited is ₹581, representing a potential upside of 33.99% compared to the current price of ₹434.35. This positive analyst sentiment reflects confidence in the company's growth prospects and strategic positioning in the automotive components sector.
The company continues to focus on innovation, operational efficiency, and strategic partnerships to maintain its competitive advantage in the rapidly evolving automotive industry.
