| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 885 | 890 | 918 | 913 | 984 | 974 | 1,014 | 1,090 | 1,270 | 1,185 | 1,307 | 1,382 | |
Growth YoY Revenue Growth YoY% | 18.6 | 23.1 | 20.0 | 10.1 | 11.2 | 9.5 | 10.5 | 19.4 | 29.1 | 21.7 | 28.9 | 26.8 |
| 804 | 801 | 820 | 827 | 885 | 879 | 910 | 1,008 | 1,152 | 1,076 | 1,178 | 1,277 | |
| 81 | 89 | 98 | 86 | 99 | 95 | 104 | 82 | 118 | 108 | 129 | 105 | |
OPM OPM% | 9.2 | 10.0 | 10.7 | 9.4 | 10.0 | 9.8 | 10.2 | 7.6 | 9.3 | 9.1 | 9.9 | 7.6 |
| 4 | 3 | 5 | 7 | 7 | 5 | 10 | 21 | 39 | 3 | 18 | 13 | |
Interest Expense Interest ExpenseCr | 13 | 13 | 14 | 14 | 14 | 14 | 15 | 17 | 17 | 17 | 18 | 18 |
Depreciation DepreciationCr | 37 | 40 | 42 | 41 | 42 | 44 | 44 | 50 | 44 | 49 | 50 | 50 |
PBT PBTCr | 35 | 39 | 46 | 37 | 50 | 42 | 56 | 36 | 96 | 45 | 79 | 51 |
| 8 | 13 | 11 | 8 | 10 | 12 | 13 | 8 | 22 | 11 | 15 | 14 | |
| 28 | 25 | 36 | 29 | 40 | 30 | 43 | 28 | 73 | 33 | 64 | 37 | |
Growth YoY PAT Growth YoY% | 68.1 | 28.4 | 45.1 | 35.1 | 45.4 | 18.1 | 18.8 | -3.6 | 83.4 | 11.7 | 49.8 | 33.1 |
NPM NPM% | 3.1 | 2.9 | 3.9 | 3.2 | 4.1 | 3.1 | 4.2 | 2.6 | 5.8 | 2.8 | 4.9 | 2.7 |
| 4.6 | 4.2 | 6.0 | 4.8 | 6.7 | 5.0 | 7.1 | 4.7 | 12.2 | 5.6 | 10.6 | 6.2 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 885 | 890 | 918 | 913 | 984 | 974 | 1,014 | 1,090 | 1,270 | 1,185 | 1,307 | 1,382 | |
Growth YoY Revenue Growth YoY% | 18.6 | 23.1 | 20.0 | 10.1 | 11.2 | 9.5 | 10.5 | 19.4 | 29.1 | 21.7 | 28.9 | 26.8 |
| 804 | 801 | 820 | 827 | 885 | 879 | 910 | 1,008 | 1,152 | 1,076 | 1,178 | 1,277 | |
| 81 | 89 | 98 | 86 | 99 | 95 | 104 | 82 | 118 | 108 | 129 | 105 | |
OPM OPM% | 9.2 | 10.0 | 10.7 | 9.4 | 10.0 | 9.8 | 10.2 | 7.6 | 9.3 | 9.1 | 9.9 | 7.6 |
| 4 | 3 | 5 | 7 | 7 | 5 | 10 | 21 | 39 | 3 | 18 | 13 | |
Interest Expense Interest ExpenseCr | 13 | 13 | 14 | 14 | 14 | 14 | 15 | 17 | 17 | 17 | 18 | 18 |
Depreciation DepreciationCr | 37 | 40 | 42 | 41 | 42 | 44 | 44 | 50 | 44 | 49 | 50 | 50 |
PBT PBTCr | 35 | 39 | 46 | 37 | 50 | 42 | 56 | 36 | 96 | 45 | 79 | 51 |
| 8 | 13 | 11 | 8 | 10 | 12 | 13 | 8 | 22 | 11 | 15 | 14 | |
| 28 | 25 | 36 | 29 | 40 | 30 | 43 | 28 | 73 | 33 | 64 | 37 | |
Growth YoY PAT Growth YoY% | 68.1 | 28.4 | 45.1 | 35.1 | 45.4 | 18.1 | 18.8 | -3.6 | 83.4 | 11.7 | 49.8 | 33.1 |
NPM NPM% | 3.1 | 2.9 | 3.9 | 3.2 | 4.1 | 3.1 | 4.2 | 2.6 | 5.8 | 2.8 | 4.9 | 2.7 |
| 4.6 | 4.2 | 6.0 | 4.8 | 6.7 | 5.0 | 7.1 | 4.7 | 12.2 | 5.6 | 10.6 | 6.2 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 1,513 | 1,611 | 1,946 | 2,336 | 1,943 | 1,864 | 2,324 | 2,909 | 3,521 | 3,885 | 4,852 | 5,144 |
Growth Revenue Growth% | 2.1 | 6.5 | 20.8 | 20.0 | -16.8 | -4.1 | 24.7 | 25.2 | 21.1 | 10.3 | 24.9 | 26.6 |
| 1,372 | 1,465 | 1,738 | 2,084 | 1,747 | 1,675 | 2,118 | 2,660 | 3,181 | 3,501 | 4,414 | 4,683 | |
| 141 | 147 | 208 | 251 | 196 | 188 | 206 | 249 | 341 | 383 | 438 | 460 | |
OPM OPM% | 9.3 | 9.1 | 10.7 | 10.8 | 10.1 | 10.1 | 8.9 | 8.6 | 9.7 | 9.9 | 9.0 | 8.9 |
| 1 | 6 | -1 | -1 | 1 | 0 | -7 | 9 | 15 | 29 | 80 | 72 | |
Interest Expense Interest ExpenseCr | 42 | 43 | 43 | 24 | 20 | 16 | 18 | 36 | 52 | 57 | 69 | 69 |
Depreciation DepreciationCr | 55 | 58 | 68 | 81 | 98 | 94 | 100 | 122 | 154 | 171 | 193 | 193 |
PBT PBTCr | 45 | 52 | 97 | 145 | 78 | 78 | 81 | 100 | 150 | 185 | 256 | 271 |
| 11 | 10 | 31 | 50 | 21 | 20 | 26 | 27 | 40 | 43 | 57 | 63 | |
PAT PATCr | 34 | 42 | 66 | 96 | 57 | 58 | 56 | 74 | 110 | 142 | 199 | 208 |
Growth PAT Growth% | -12.1 | 23.4 | 57.6 | 46.1 | -40.6 | 1.5 | -3.3 | 31.5 | 49.9 | 28.5 | 40.3 | 47.9 |
NPM NPM% | 2.2 | 2.6 | 3.4 | 4.1 | 2.9 | 3.1 | 2.4 | 2.5 | 3.1 | 3.6 | 4.1 | 4.0 |
| 8.1 | 12.7 | 15.9 | 9.5 | 9.6 | 9.3 | 12.2 | 18.3 | 23.5 | 33.0 | 34.5 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 1,513 | 1,611 | 1,946 | 2,336 | 1,943 | 1,864 | 2,324 | 2,909 | 3,521 | 3,885 | 4,852 | 5,144 |
Growth Revenue Growth% | 2.1 | 6.5 | 20.8 | 20.0 | -16.8 | -4.1 | 24.7 | 25.2 | 21.1 | 10.3 | 24.9 | 26.6 |
| 1,372 | 1,465 | 1,738 | 2,084 | 1,747 | 1,675 | 2,118 | 2,660 | 3,181 | 3,501 | 4,414 | 4,683 | |
| 141 | 147 | 208 | 251 | 196 | 188 | 206 | 249 | 341 | 383 | 438 | 460 | |
OPM OPM% | 9.3 | 9.1 | 10.7 | 10.8 | 10.1 | 10.1 | 8.9 | 8.6 | 9.7 | 9.9 | 9.0 | 8.9 |
| 1 | 6 | -1 | -1 | 1 | 0 | -7 | 9 | 15 | 29 | 80 | 72 | |
Interest Expense Interest ExpenseCr | 42 | 43 | 43 | 24 | 20 | 16 | 18 | 36 | 52 | 57 | 69 | 69 |
Depreciation DepreciationCr | 55 | 58 | 68 | 81 | 98 | 94 | 100 | 122 | 154 | 171 | 193 | 193 |
PBT PBTCr | 45 | 52 | 97 | 145 | 78 | 78 | 81 | 100 | 150 | 185 | 256 | 271 |
| 11 | 10 | 31 | 50 | 21 | 20 | 26 | 27 | 40 | 43 | 57 | 63 | |
PAT PATCr | 34 | 42 | 66 | 96 | 57 | 58 | 56 | 74 | 110 | 142 | 199 | 208 |
Growth PAT Growth% | -12.1 | 23.4 | 57.6 | 46.1 | -40.6 | 1.5 | -3.3 | 31.5 | 49.9 | 28.5 | 40.3 | 47.9 |
NPM NPM% | 2.2 | 2.6 | 3.4 | 4.1 | 2.9 | 3.1 | 2.4 | 2.5 | 3.1 | 3.6 | 4.1 | 4.0 |
| 8.1 | 12.7 | 15.9 | 9.5 | 9.6 | 9.3 | 12.2 | 18.3 | 23.5 | 33.0 | 34.5 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 51 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 |
Reserves ReservesCr | 251 | 574 | 659 | 702 | 744 | 799 | 860 | 956 | 1,079 | 1,273 |
| 539 | 914 | 706 | 499 | 591 | 769 | 784 | 968 | 1,222 | 1,635 | |
| 223 | 33 | 32 | 101 | 197 | 346 | 447 | 443 | 429 | 508 | |
| 1,067 | 1,584 | 1,462 | 1,366 | 1,596 | 1,978 | 2,155 | 2,427 | 2,790 | 3,476 | |
| 418 | 793 | 631 | 441 | 664 | 799 | 781 | 919 | 1,154 | 1,543 | |
| 649 | 792 | 831 | 925 | 932 | 1,179 | 1,374 | 1,508 | 1,636 | 1,933 | |
| 1,067 | 1,584 | 1,462 | 1,366 | 1,596 | 1,978 | 2,155 | 2,427 | 2,790 | 3,476 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 51 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 |
Reserves ReservesCr | 251 | 574 | 659 | 702 | 744 | 799 | 860 | 956 | 1,079 | 1,273 |
| 539 | 914 | 706 | 499 | 591 | 769 | 784 | 968 | 1,222 | 1,635 | |
| 223 | 33 | 32 | 101 | 197 | 346 | 447 | 443 | 429 | 508 | |
| 1,067 | 1,584 | 1,462 | 1,366 | 1,596 | 1,978 | 2,155 | 2,427 | 2,790 | 3,476 | |
| 418 | 793 | 631 | 441 | 664 | 799 | 781 | 919 | 1,154 | 1,543 | |
| 649 | 792 | 831 | 925 | 932 | 1,179 | 1,374 | 1,508 | 1,636 | 1,933 | |
| 1,067 | 1,584 | 1,462 | 1,366 | 1,596 | 1,978 | 2,155 | 2,427 | 2,790 | 3,476 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| 96 | 188 | 133 | 239 | 124 | 49 | 308 | 275 | 247 | 210 | |
| -107 | -187 | -142 | -101 | -97 | -311 | -248 | -239 | -290 | -221 | |
| 14 | 247 | -243 | -124 | -26 | 260 | -37 | -7 | 101 | 28 | |
Net Cash Flow Net Cash FlowCr | 3 | 248 | -252 | 14 | 0 | -3 | 23 | 29 | 58 | 17 |
Free Cash Flow Free Cash FlowCr | -10 | 13 | 12 | 153 | 49 | -247 | 58 | 42 | -59 | -71 |
CFO To PAT CFO To PAT% | 229.4 | 286.5 | 138.7 | 419.5 | 213.9 | 86.9 | 418.6 | 249.2 | 174.4 | 105.7 |
CFO To EBITDA CFO To EBITDA% | 65.1 | 90.3 | 52.9 | 121.7 | 65.7 | 23.6 | 123.6 | 80.7 | 64.4 | 48.0 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| 96 | 188 | 133 | 239 | 124 | 49 | 308 | 275 | 247 | 210 | |
| -107 | -187 | -142 | -101 | -97 | -311 | -248 | -239 | -290 | -221 | |
| 14 | 247 | -243 | -124 | -26 | 260 | -37 | -7 | 101 | 28 | |
Net Cash Flow Net Cash FlowCr | 3 | 248 | -252 | 14 | 0 | -3 | 23 | 29 | 58 | 17 |
Free Cash Flow Free Cash FlowCr | -10 | 13 | 12 | 153 | 49 | -247 | 58 | 42 | -59 | -71 |
CFO To PAT CFO To PAT% | 229.4 | 286.5 | 138.7 | 419.5 | 213.9 | 86.9 | 418.6 | 249.2 | 174.4 | 105.7 |
CFO To EBITDA CFO To EBITDA% | 65.1 | 90.3 | 52.9 | 121.7 | 65.7 | 23.6 | 123.6 | 80.7 | 64.4 | 48.0 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 1,572 | 775 | 1,238 | 1,314 | 1,216 | 3,146 | 2,290 | 2,637 | 3,562 | |||
Price To Earnings Price To Earnings | 16.5 | 13.6 | 21.4 | 23.6 | 16.7 | 28.7 | 16.2 | 13.3 | 17.1 | |||
Price To Sales Price To Sales | 0.7 | 0.4 | 0.7 | 0.6 | 0.4 | 0.9 | 0.6 | 0.5 | 0.7 | |||
Price To Book Price To Book | 2.2 | 1.0 | 1.5 | 1.5 | 1.3 | 3.1 | 2.0 | 2.0 | 2.7 | |||
EV To EBITDA EV To EBITDA | 7.3 | 5.3 | 8.2 | 9.4 | 7.5 | 11.3 | 8.2 | 8.5 | 10.1 | |||
GPM GPM% | 28.6 | 28.8 | 28.3 | 29.1 | 28.8 | 25.8 | 25.1 | 26.9 | 27.4 | 26.1 | 26.1 | |
OPM OPM% | 9.3 | 9.1 | 10.7 | 10.8 | 10.1 | 10.1 | 8.9 | 8.6 | 9.7 | 9.9 | 9.0 | 8.9 |
NPM NPM% | 2.2 | 2.6 | 3.4 | 4.1 | 2.9 | 3.1 | 2.4 | 2.5 | 3.1 | 3.6 | 4.1 | 4.0 |
ROCE ROCE% | 13.7 | 16.4 | 17.1 | 9.5 | 8.4 | 6.7 | 8.6 | 11.5 | 11.7 | 13.1 | 13.1 | |
ROE ROE% | 13.8 | 10.3 | 13.3 | 7.5 | 7.2 | 6.5 | 8.0 | 10.8 | 12.4 | 14.9 | 14.9 | |
ROA ROA% | 3.9 | 4.1 | 6.6 | 4.2 | 3.6 | 2.8 | 3.4 | 4.5 | 5.1 | 5.7 | 5.7 | |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 1,572 | 775 | 1,238 | 1,314 | 1,216 | 3,146 | 2,290 | 2,637 | 3,562 | |||
Price To Earnings Price To Earnings | 16.5 | 13.6 | 21.4 | 23.6 | 16.7 | 28.7 | 16.2 | 13.3 | 17.1 | |||
Price To Sales Price To Sales | 0.7 | 0.4 | 0.7 | 0.6 | 0.4 | 0.9 | 0.6 | 0.5 | 0.7 | |||
Price To Book Price To Book | 2.2 | 1.0 | 1.5 | 1.5 | 1.3 | 3.1 | 2.0 | 2.0 | 2.7 | |||
EV To EBITDA EV To EBITDA | 7.3 | 5.3 | 8.2 | 9.4 | 7.5 | 11.3 | 8.2 | 8.5 | 10.1 | |||
GPM GPM% | 28.6 | 28.8 | 28.3 | 29.1 | 28.8 | 25.8 | 25.1 | 26.9 | 27.4 | 26.1 | 26.1 | |
OPM OPM% | 9.3 | 9.1 | 10.7 | 10.8 | 10.1 | 10.1 | 8.9 | 8.6 | 9.7 | 9.9 | 9.0 | 8.9 |
NPM NPM% | 2.2 | 2.6 | 3.4 | 4.1 | 2.9 | 3.1 | 2.4 | 2.5 | 3.1 | 3.6 | 4.1 | 4.0 |
ROCE ROCE% | 13.7 | 16.4 | 17.1 | 9.5 | 8.4 | 6.7 | 8.6 | 11.5 | 11.7 | 13.1 | 13.1 | |
ROE ROE% | 13.8 | 10.3 | 13.3 | 7.5 | 7.2 | 6.5 | 8.0 | 10.8 | 12.4 | 14.9 | 14.9 | |
ROA ROA% | 3.9 | 4.1 | 6.6 | 4.2 | 3.6 | 2.8 | 3.4 | 4.5 | 5.1 | 5.7 | 5.7 | |
Documents — Sandhar Technologies Limited
Concall Transcript Summaries — Sandhar Technologies Limited