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Sandhar Technologies SANDHAR.NS · INR

Consumer Discretionary · NSE · 🇮🇳 India

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484.05

+1.08%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹48.52bn

FY2017FY2026

Net income

₹1.99bn

FY2017FY2026

Free cash flow

−₹1.48bn

FY2017FY2026

Shareholders' equity

₹13.33bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹48.52bn₹38.85bn₹35.21bn₹29.09bn₹23.24bn₹18.64bn₹19.19bn₹23.06bn₹19.46bn₹16.11bn
Research and development₹12.0m₹13.6m₹128.2m₹86.5m₹26.9m₹52.9m₹10.0m₹11.4m₹45.0m₹40.2m
Operating income₹3.25bn₹2.29bn₹1.89bn₹1.31bn₹1.26bn₹967.3m₹996.3m₹1.72bn₹1.95bn₹855.7m
Net income₹1.99bn₹1.42bn₹1.10bn₹729.7m₹557.3m₹577.5m₹569.0m₹951.6m₹650.2m₹391.9m
Diluted earnings per share33.0023.5518.2212.129.269.619.4415.8110.817.66

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹34.76bn₹27.90bn₹24.27bn₹21.55bn₹19.75bn₹15.96bn₹13.66bn₹14.62bn₹15.84bn₹10.74bn
Cash and short-term investments₹521.2m₹822.7m₹432.8m₹126.4m₹99.6m₹75.1m₹96.5m₹122.5m₹2.72bn₹82.2m
Total liabilities₹21.43bn₹16.51bn₹14.11bn₹12.30bn₹11.12bn₹7.88bn₹6.00bn₹7.38bn₹9.47bn₹7.71bn
Debt₹11.48bn₹9.24bn₹7.41bn₹6.66bn₹6.14bn₹3.10bn₹2.83bn₹2.75bn₹2.21bn₹4.63bn
Shareholders' equity₹13.33bn₹11.39bn₹10.17bn₹9.20bn₹8.59bn₹8.04bn₹7.62bn₹7.20bn₹6.34bn₹3.01bn
Shares outstanding60m60m60m60m60m60m60m60m60m51m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹1.50bn₹2.47bn₹2.75bn₹3.08bn₹486.2m₹1.24bn₹2.39bn₹1.26bn₹1.88bn₹929.8m
Capital spending−₹2.99bn−₹3.16bn−₹2.37bn−₹2.57bn−₹2.97bn−₹769.7m−₹875.2m−₹1.24bn−₹1.76bn−₹1.10bn
Free cash flow−₹1.48bn−₹692.1m₹375.9m₹512.5m−₹2.48bn₹467.6m₹1.51bn₹25.1m₹118.4m−₹171.1m
Dividends paid−₹210.7m−₹195.6m−₹150.8m−₹135.7m−₹60.8m−₹121.0m−₹182.9m−₹92.3m−₹185.1m−₹77.6m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹13.82bn₹13.07bn₹11.85bn₹12.70bn₹10.90bn₹10.14bn₹9.74bn₹9.84bn
Operating income₹553.3m₹789.4m₹587.2m₹1.13bn₹535.1m₹652.0m₹512.4m₹566.2m
Net income₹372.8m₹638.2m₹334.5m₹733.8m₹280.1m₹426.1m₹299.5m₹400.2m
Diluted earnings per share6.1910.605.5612.204.667.084.976.64
Cash from operations———₹947.0m—₹2.47bn—₹1.42bn
Capital spending———−₹1.70bn—−₹3.16bn—−₹906.0m
Free cash flow———−₹753.0m—−₹692.0m—₹515.0m
Total assets—₹34.76bn—₹32.04bn—₹27.90bn—₹24.75bn
Cash and short-term investments₹521.2m₹521.2m₹273.9m₹495.9m₹822.7m₹822.7m₹756.8m₹756.8m
Debt—₹9.75bn—₹9.55bn—₹9.24bn—₹7.31bn
Shareholders' equity₹13.33bn₹13.33bn₹12.30bn₹12.30bn₹11.39bn₹11.39bn₹10.68bn₹10.68bn

Financial ratios

Data as of 22 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Operating margin6.7%5.9%5.4%4.5%5.4%5.2%
Net margin4.1%3.6%3.1%2.5%2.4%3.1%
Return on equity14.9%12.4%10.8%7.9%6.5%7.2%
Return on assets5.7%5.1%4.5%3.4%2.8%3.6%
Free cash flow yield12.7%16.0%14.5%16.0%9.8%5.7%
Revenue growth24.9%10.3%21.0%25.2%24.7%-2.9%
Earnings growth40.3%29.0%50.4%30.9%-3.5%1.5%
Current ratio0.94x0.94x0.95x1.00x1.04x1.12x
Debt to equity0.73x0.74x0.63x0.61x0.62x0.29x
Equity ratio38.4%40.8%41.9%42.7%43.5%50.4%
Interest coverage4.72x4.05x3.68x3.65x7.10x6.04x
R&D as a share of sales0.0%0.0%0.4%0.3%0.1%0.3%
Buybacks as a share of market value-0.1%0.2%-0.1%0.0%-0.2%0.4%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue18.6%21.1%12.5%
Operating income35.4%27.4%13.7%
Net income39.6%28.0%19.5%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin6.3%5.8%5.7%6.1%
Net margin3.9%3.4%3.3%3.2%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Price to earnings14.823.427.940.724.326.324.415.829.4
Price to sales0.60.80.91.00.60.80.70.71.0

Dividends and splits

Per share, in the currency the company pays

Paid for 8 years. Last went ex-dividend on 11 Sept 2026.

FY2027FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Paid in the year4.003.503.252.502.251.002.002.50

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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