Sandhar Technologies Q4 Review - Firing On All Cylinders, Tempting Valuation: Dolat Capital
A worker fits window glass to an automobile door on the production line. (Photographer: Bartek Sadowski/Bloomberg)

Sandhar Technologies Q4 Review - Firing On All Cylinders, Tempting Valuation: Dolat Capital

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. printed impressive performance in Q4 with 14/38% QoQ growth in Ebitda and profit after tax respectively.

Despite raw material headwinds, Ebitda margin improved 57 basis points QoQ to 12.1% led by better mix, strong operating leverage and cost control measures.

Consolidated revenue grew 8% QoQ led by strong growth in cabin and fabrication, sheet metal and aluminum die casting business.

For the vision and locking systems, the company is increasing presence in the scooter segment, winning new business and increasing content per vehicle.

The company also expect strong revenue growth (up 40% YoY) from Honda car which is a high margin business.

Click on the attachment to read the full report:

Dolat Capital Sandhar Technologies Q4FY21 Result Update.pdf

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