Dolat Capital: Sandhar Technologies Steadily Gaining Traction; On Its Road To Recovery
Sandhar Technologies Ltd.’s vision systems are manufactured in 4 locations across India for 2 wheelers, 3 wheelers, Cars & Heavy Vehicles. (image: company website)

Dolat Capital: Sandhar Technologies Steadily Gaining Traction; On Its Road To Recovery

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Sandhar Technologies Ltd. reported flat YoY revenue growth on a consolidated basis at Rs 5 billion, led by revival in volumes across product segments due to ramp of production across original equipment manufacturers to cater to the festival season demand.

Consolidated Ebitda grew 3.4% YoY to Rs 549 million with normalization of operating activities.

As Hero MotoCorp Ltd. and TVS Motor Company Ltd. account for approximately 55% of overall revenue, we believe the company would be a key beneficiary of quicker recovery in two-wheeler led by rise in rural demand.

Click on the attachment to read the full report:

Dolat Capital Sandhar Technologies Q2FY21 Result Update.pdf

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