NSE: SANDHAR | BSE: 541163

Strong Performer, Under Radar

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534.85 -13.40 (-2.44%)

High vol. this week

NSE 17 Nov, 2025 3:48 PM (IST)

3,219.3

Market Cap

Below industry Median

1.5

Beta 1Year

Very High Volatility

Sandhar Technologies Ltd. share price target and research reports

Name: Latest research reports of Sandhar Technologies Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Sandhar Technologies Ltd.
Rating: 5
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for SANDHAR, BSE:541163 Sandhar Technologies Ltd.

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Sandhar Technologies Ltd.

16 Jul 2021, 12:00AM

534.85

-2.44%

Sandhar Technologies

Buy: Sandhar Technologies Ltd.

ICICI Securities Limited

Sandhar Technologies Ltd. is trading above all available SMAs

Sandhar Technologies Ltd.

02 Jul 2020

534.85

-2.44%

Sandhar Technol

Buy: Sandhar Technologies Ltd.

Dolat Capital

Consolidated EBITDA de-grew 44% to Rs 389mn with margin of 9.5% (230bps YoY) due to negative operating leverage. We believe Sandhar would be a key beneficiary of quicker recovery in 2W led by rise in rural demand. 2W contributes 60% of overall revenue and major revenue comes from Hero and TVS Motors. Performance of the Barcelona subsidiary has improved in FY20. Revenue remain flat YoY and EBITDA margin improved to 12.7% (vs...

Sandhar Technologies Ltd. average weekly volume is high.

Sandhar Technologies Ltd.

11 Nov 2019

534.85

-2.44%

Sandhar Technologies: Result Review

Buy: Sandhar Technologies Ltd.

Karvy

India Business to become Debt Free in FY21: During Q2FY20, Sandhars sales declined by 20 percent YoY to Rs4.3bn

Sandhar Technologies Ltd. has gained 30.93% in the last 3 Months

Sandhar Technologies Ltd.

07 Nov 2019

534.85

-2.44%

Sandhar Technologies: Result Review

Buy: Sandhar Technologies Ltd.

Target

Karvy

India Business to become Debt Free in FY21: During Q2FY20, Sandhar s sales declined by 20 percent YoY to Rs 4.3bn (below our estimates Rs4.6bn).

Sandhar Technologies Ltd. average weekly volume is high.

Sandhar Technologies Ltd.

11 Jun 2019

534.85

-2.44%

Sandhar Technologies: Industry Outperformance to continue BUY

Buy: Sandhar Technologies Ltd.

Target

Karvy

Industry Outperformance to continue BUY: During FY19 Sandhar reported 20% sales growth and 47.2% PAT growth. This growth is primarily driven by strong ramp up in Off highway Operator Cabins Business and 2W business segment (primarily for TVS and Hero Motocorp).

Sandhar Technologies Ltd. has gained 24.25% in the last 6 Months

Sandhar Technologies Ltd.

13 Feb 2019

534.85

-2.44%

Sandhar Technologies: Business Momentum to Pick Up Maintain BUY

Buy: Sandhar Technologies Ltd.

Target

Karvy

Business Momentum to Pick Up Maintain BUY: Sandhar Continues to deliver strong operating performance with 19.8% salesgrowth during 9MFY19 which is much faster than its OEM clients.

Sandhar Technologies Ltd. has gained 24.25% in the last 6 Months

Sandhar Technologies Ltd.

03 Dec 2018

534.85

-2.44%

Sandhar Technologies: Profit Set to More Than double over FY18-20E

Buy: Sandhar Technologies Ltd.

Target

Karvy

Profit Set to More Than double over FY18-20E: Post Q2FY19, we had an interaction with the Sandhar management. We continue to believe in the robust growth prospects for Sandhar in the medium term. We retain our earnings estimates for FY19 and FY20 and reiterate BUY rating on the stock with revised price target of Rs420 (PER of 16xFY20E). Following are the key takeaways.

Sandhar Technologies Ltd. is trading above all available SMAs

Sandhar Technologies Ltd.

12 Sep 2018

534.85

-2.44%

SANDHAR TECHNOLOGIES LIMITED

Buy: Sandhar Technologies Ltd.

Joindre Capital Services

Incorporated in 1987, a Gurgaon based company, Sandhar Technologies (Sandhar) has been promoted by a first-generation entrepreneur, Jayant Davar, Co-Chairman and Managing Director of the company, who has 30 years of experience in the OEM component manufacturing industry. Sandhar is a component supplier primarily catering to automotive OEMs and is largely focused on safety and security systems of vehicles with a pan-India and growing international presence. Sandhar commenced operations as a sheet metal product supplier to Hero Honda & has steadily diversified into locks, automotive mirrors, handles, zinc and aluminium PDC,...

Sandhar Technologies Ltd. has gained 30.93% in the last 3 Months

Sandhar Technologies Ltd.

06 Jun 2018

534.85

-2.44%

Sandhar Technologies: Entry into high growth phase Maintai...

Buy: Sandhar Technologies Ltd.

Karvy

Entry into high growth phase Maintain BUY: During FY18, Sandhar Technologies (Sandhar) sales grew by 20.8% to Rs19.5bn (our estimates of Rs19.4bn), driven by strong volume growth across all its business segments. Its EBITDA margins expanded by 160ps to 10.7% (in line with our estimates). PAT increased by 55.8% YoY to Rs662mn (our estimates of Rs 685mn).

Sandhar Technologies Ltd. is trading above all available SMAs

Sandhar Technologies Ltd.

04 Apr 2018

534.85

-2.44%

SANDHAR TECHNOLOGIES LIMITED

IPO Note: Sandhar Technologies Ltd.

Geojit Research

Sandhar technologies Ltd (STL) is one of the leading auto component suppliers for safety and security systems such as lock assemblies, mirror assemblies, operator cabins for 2W, PV and off-highway vehicles. STL is the leader in the two-wheeler locking systems market and the commercial vehicle rear view market in India. Currently, company has a well-diversified product portfolio with a pan India presence and a growing international footprint. STL primarily caters auto-components to 79 Indian and global key automotive OEMs including Hero, TVS, RE, Suzuki, M&M;, Bosch, CTS etc. As on H1FY18, the...

Sandhar Technologies Ltd. average weekly volume is high.

Is Sandhar Technologies Ltd. worth buying?

111 Votes:

Buy 79.28%

Sell 14.41%

Hold 6.31%