Sandhar Technologies - Multiple Broad-Based Improvement Triggers In Place: ICICI Direct

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. .ICICI Direct Report .Sandhar Technologies Ltd. is a leading auto ancillary player primarily serving Indian auto original equipment manufacturer industry through a host of product categories, such as locking systems, al die-casting and cabins (together form 57% of sales). Established in 1987 with long-standing customer relationships across segments. The two-wheeler, passenger vehicle combined accounted for ~80% of FY21 sales.Sustained improvement in blended Ebitda margin profile over the years accompanied by consistent cash flow from operations generation and healthy capital efficiency.In FY21 Sandhar Technologies outperformed domestic OEM industry courtesy its multi-segment, multi-product, multi-client exposure.High double digit sales, profit after tax growth lies ahead with lean balance sheet and robust capital efficiency. Expect sales to grow at 20% compound annual growth rate over FY21-23E..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Sandhar Technologies - Multiple Broad-Based Improvement Triggers In Place: ICICI Direct

Sandhar Technologies - Multiple Broad-Based Improvement Triggers In Place: ICICI Direct

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