Sandhar Tech Key Ratios
NSE: SANDHAR | BSE: 541163
₹591.75
As on 23-Sep-2026IST
Market cap
₹3,565 Cr
Revenue (TTM)
₹5,144 Cr
P/E Ratio
17.1
P/B Ratio
2.6
Div. Yield
0.7 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 5.73 | 26.77 | 26.63 | 18.87 | 19.12 |
| EBIT | -29.91 | 71.89 | 33.74 | 25.16 | 14.48 |
| Net Profit | -41.59 | 33.10 | 51.48 | 36.62 | 18.22 |
| EPS | -41.59 | 33.09 | 47.90 | 36.55 | 17.97 |
| Book Value | -- | -- | 17.01 | 13.14 | 10.63 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 6.00 | 4.95 | 5.20 | 5.03 | 5.47 |
| Net Margin
| 4.87 | 3.14 | 3.85 | 4.03 | 3.63 |
| Return on equity
| 12.96 | 11.12 | 16.40 | 16.07 | 13.14 |
| Return on Capital
| 16.15 | 11.90 | -- | 15.30 | 13.39 |
| Return on Assets
| 8.30 | 4.67 | 6.41 | 6.37 | 5.45 |
| Debt to Equity (x)
| -- | -- | 0.20 | 0.71 | 0.72 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
--
|
15.30
|
13.39
|
12.98
|
9.56
|
|
Peer Median
|
--
|
15.30
|
14.95
|
15.81
|
--
|
ROE
16.40
Higher than Peers by 3.51
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
16.40
|
16.07
|
13.14
|
11.38
|
8.27
|
|
Peer Median
|
12.89
|
13.52
|
13.71
|
14.59
|
--
|
ROA
6.41
Lower than Peers by 1.60
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
6.41
|
6.37
|
5.45
|
4.83
|
3.57
|
|
Peer Median
|
8.01
|
7.25
|
7.36
|
7.16
|
--
|
EBIT Margin
5.20
Lower than Peers by 3.70
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
5.20
|
5.03
|
5.47
|
5.31
|
4.39
|
|
Peer Median
|
8.90
|
8.84
|
8.78
|
8.06
|
--
|
Net Margin
3.85
Lower than Peers by 3.00
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
3.85
|
4.03
|
3.63
|
3.12
|
2.52
|
|
Peer Median
|
6.85
|
6.46
|
6.05
|
5.99
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
--
|
8.08
|
8.04
|
7.49
|
6.71
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
26.63
Higher than Peers by 16.49
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
26.63
|
24.91
|
10.32
|
21.05
|
25.18
|
|
Peer Median
|
10.14
|
17.62
|
10.70
|
9.28
|
--
|
EBIT Growth
33.74
Higher than Peers by 21.98
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
33.74
|
14.86
|
13.73
|
46.59
|
20.35
|
|
Peer Median
|
11.75
|
18.11
|
16.60
|
12.38
|
--
|
Net Profit Growth
51.48
Higher than Peers by 36.65
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
51.48
|
40.25
|
28.46
|
49.90
|
7.15
|
|
Peer Median
|
14.83
|
14.01
|
17.23
|
16.60
|
--
|
EPS Growth
47.90
Higher than Peers by 36.27
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
47.90
|
40.25
|
29.03
|
50.45
|
30.88
|
|
Peer Median
|
11.63
|
13.23
|
14.59
|
12.90
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
--
|
17.01
|
12.07
|
10.44
|
7.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.20
Higher than Peers by 0.16
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
0.20
|
0.71
|
0.72
|
0.61
|
0.59
|
|
Peer Median
|
0.04
|
0.25
|
0.20
|
0.26
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
--
|
0.42
|
0.38
|
0.23
|
0.17
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.94
Lower than Peers by 0.69
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
0.94
|
0.94
|
0.92
|
0.95
|
0.99
|
|
Peer Median
|
1.63
|
1.56
|
1.65
|
1.50
|
--
|
Quick Ratio
0.60
Lower than Peers by 0.54
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
0.60
|
0.60
|
0.59
|
0.60
|
0.60
|
|
Peer Median
|
1.15
|
1.02
|
1.11
|
1.09
|
--
|
Interest Coverage
4.80
Lower than Peers by 6.29
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
4.80
|
4.72
|
4.26
|
3.92
|
3.81
|
|
Peer Median
|
11.09
|
10.30
|
9.86
|
10.04
|
--
|
Operating Efficiency
Debtors to sales
16.00
Lower than Peers by 0.73
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
16.00
|
16.96
|
14.35
|
12.99
|
12.22
|
|
Peer Median
|
16.73
|
16.76
|
16.73
|
17.94
|
--
|
Asset Turnover
1.64
Higher than Peers by 0.57
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
1.64
|
1.56
|
1.50
|
1.54
|
1.41
|
|
Peer Median
|
1.07
|
1.13
|
1.06
|
1.13
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
--
|
51.92
|
47.68
|
42.13
|
50.24
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
--
|
36.46
|
35.07
|
33.03
|
35.14
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
--
|
76.78
|
74.68
|
73.22
|
76.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
--
|
11.60
|
8.06
|
1.95
|
9.22
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
17.14
Lower than Peers by 17.01
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
17.14
|
13.27
|
16.17
|
28.66
|
16.66
|
|
Peer Median
|
34.16
|
34.89
|
30.10
|
31.45
|
--
|
Price / Book Value
2.60
Lower than Peers by 1.76
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
2.60
|
1.98
|
2.01
|
3.09
|
1.32
|
|
Peer Median
|
4.37
|
4.37
|
3.44
|
3.71
|
--
|
Dividend Yield
0.68
Higher than Peers by 0.25
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
0.68
|
0.91
|
0.92
|
0.62
|
1.24
|
|
Peer Median
|
0.42
|
0.42
|
0.50
|
0.46
|
--
|
EV/EBITDA
8.44
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
8.44
|
6.89
|
7.58
|
10.63
|
6.71
|
|
Peer Median
|
--
|
27.84
|
21.48
|
24.61
|
--
|
Market Cap
3,565
Lower than Peers by 162
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Sandhar Tech
|
3,565
|
2,637
|
2,290
|
3,146
|
1,216
|
|
Peer Median
|
3,727
|
3,422
|
2,631
|
1,798
|
--
|