NSE: SANDHAR | BSE: 541163

Strong Performer, Under Radar

Download real time

582.70 6.15 (1.07%)

37.43% Gain from 52W Low

73,812 NSE+BSE Volume

NSE 29 Sep, 2026 3:31 PM (IST)

3,507.3

Market Cap

Above industry Median

Beta 1Year

Very High Volatility

Sandhar Technologies Ltd. share price target and research reports

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

Search Inside the pdf :

Sandhar Technologies Ltd.

25 May 2026

582.70

1.07%

Sandhar Technologies

Buy: Sandhar Technologies Ltd.

Target

ICICI Direct

Strong Positioning in India's Structural Auto Growth Cycle: GST 2.0 have had a positive influence on the auto industry and have resulted in improved sentiments in the domestic market. In Q4FY26, 2W volumes delivered a record-breaking performance, with sales at 5.7 million units, up 26% YoY, making it the strongest Q4 on record on the back of demand momentum of GST 2.0. Sandhar Technologies is emerging as a key beneficiary of India's structural automotive growth, particularly in the 2-W segment where it is significantly outperforming industry growth rates. Sandhar's well-spread...

Sandhar Technologies Ltd. is trading above its 200 day SMA of 575.6

Sandhar Technologies Ltd.

05 Jan 2026

582.70

1.07%

Sandhar Technologies

Buy: Sandhar Technologies Ltd.

ICICI Direct

Sandhar Technologies Ltd. is trading above its 200 day SMA of 575.6

Sandhar Technologies Ltd.

12 Dec 2025

582.70

1.07%

Investments behind; earnings leverage ahead; initiate with BUY

Buy: Sandhar Technologies Ltd.

Emkay

We initiate coverage on Sandhar Technologies (STL) with BUY and TP of Rs825 (implying 51% upside), based on 20x Dec-27E PER (in line with the LTA). STL has been through a deep capacity build-out phase (over FY21-25) via both organic and inorganic routes.

Sandhar Technologies Ltd. is trading below its 30 day SMA of 622.6

Sandhar Technologies Ltd.

16 Jul 2021

582.70

1.07%

Sandhar Technologies

Buy: Sandhar Technologies Ltd.

ICICI Securities Limited

Sandhar Technologies Ltd. is trading below its 30 day SMA of 622.6

Sandhar Technologies Ltd.

02 Jul 2020

582.70

1.07%

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 has gained 28.48% in the last 1 Year

Sandhar Technologies Ltd.

11 Nov 2019

582.70

1.07%

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 has gained 28.48% in the last 1 Year

Sandhar Technologies Ltd.

07 Nov 2019

582.70

1.07%

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 has gained 28.48% in the last 1 Year

Sandhar Technologies Ltd.

11 Jun 2019

582.70

1.07%

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 has gained 25.93% in the last 6 Months

Sandhar Technologies Ltd.

13 Feb 2019

582.70

1.07%

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 has gained 25.93% in the last 6 Months

Sandhar Technologies Ltd.

03 Dec 2018

582.70

1.07%

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 below its 30 day SMA of 622.6

Is Sandhar Technologies Ltd. worth buying?

115 Votes:

Buy 80.0%

Sell 13.91%

Hold 6.09%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf