Sandhar Technologies (STL) is an auto component manufacturer largely focused on vehicular safety and security systems with a pan-India presence and growing International footprint. Its product basket comprises lock set assemblies, mirror assemblies, cabin fabrication, wheel assemblies, sheet metal components, handle bar assemblies, plastic parts, aluminium die casting (ADC) etc.
In Q4FY24 & FY24, product wise revenue contribution to top line was 23.3%/ 24.7% from locking and vision systems 16.2%/14.6% cabin fabrication, 19.2%/ 15.7% sheet metal, 13%/13.9% ADC – overseas, 11.9%/11.5% ADC – domestic, 9.2%/ 10.3% assemblies and others 7.2%/9.4%.
The company caters to multiple automotive segments, including two wheelers (2Ws), passenger vehicles (PVs), commercial vehicles (CVs), off-highway vehicles (OHV) and tractors. In Q4 FY24, 2-Ws contributed 57.5% to total revenue, PVs 19.8%, OHVs 16.9%, CVs 1.9% and others 3.9%. The...