Sandhar Technologies Ltd.

Financial

	Sandhar Tech	Rane Holdings	Jay Ushin
Operational Metrics
Financials
5 yr Average ROE	8.46 %	3.17 %	8.22 %
5yr average Equity Multiplier	2.09	2.88	4.68
5yr Average Asset Turnover Ratio	1.34	1.11	1.86
5yr Avg Net Profit Margin	3.0 %	0.83 %	0.94 %
Price to Book	3.17	2.37	2.98
P/E	30.83	27.19	20.9
5yr Avg Cash Conversion Cycle	9.22 Days	11.79 Days	13.64 Days
Inventory Days	36.84 Days	46.37 Days	44.58 Days
Days Receivable	50.24 Days	63.34 Days	29.33 Days
Days Payable	84.29 Days	96.83 Days	60.91 Days
5yr Average Interest Coverage Ratio	5.88	2.17	1.67
5yr Avg ROCE	13.19 %	6.74 %	15.65 %
5yr Avg Operating Profit Margin	10.1 %	8.39 %	6.03 %
5 yr average Debt to Equity	0.42	0.87	1.53
5yr CAGR Net Profit	-5.18 %	-9.7 %	2.93 %
5yr Average Return on Assets	4.1 %	1.15 %	1.89 %
Shareholdings
Promoter Holding	70.38 %	46.57 %	62.86 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.03 %	0.17 %	6.51 %
Change in Mutual Fund Holding (3 Yrs)	-0.16 %	-10.21 %	0.0

Business

	Sandhar Tech	Rane Holdings	Jay Ushin
Product Wise Break-Up	Product Wise Break-Up Locking systems 25.5 Aluminum Castings 23.2 Cabin and fabrication 14.3 Sheet Metal 12.2 Handle Bar Assembly 10.4 Plastic parts 0 Wheel assembly 0 Vision systems 0 Light Metal Castings 0 Valve Train Components 0 Friction Material Components 0 Occupant Safety Systems 0 Steering and Suspension Systems 0 Switches 0 Door Latches 0 Locks and Key Sets 0 Others 14.4	Product Wise Break-Up Aluminum Castings 0 Occupant Safety Systems 16.0 Plastic parts 0 Wheel assembly 0 Vision systems 0 Sheet Metal 0 Aluminum Diecast Components 4.0 Friction Material Components 9.0 Steering and Suspension Systems 63.0 Locks and Key Sets 0 Handle Bar Assembly 0 Cabin and fabrication 0 Locking systems 0 Door Latches 0 Valve Train Components 8.0 Switches 0	Product Wise Break-Up Aluminum Castings 0 Occupant Safety Systems 0 Plastic parts 0 Wheel assembly 0 Vision systems 0 Sheet Metal 0 Light Metal Castings 0 Friction Material Components 0 Steering and Suspension Systems 0 Locking systems 53.0 Handle Bar Assembly 0 Cabin and fabrication 0 Locking systems 0 Door Latches 14.0 Valve Train Components 0 Switches 17.0 Others 16.0
Location Wise Break-Up	Location Wise Break-Up India 87.7 Europe 12.3 Rest of the World 0	Location Wise Break-Up Europe 0 India 78.0 Rest of the World 22.0	Location Wise Break-Up Europe 0 India 99.52 Rest of the World 0.48
Operating Profit Break-Up	Operating Profit Break-Up India 94.12 Europe 5.88	-	-
OEM vs Aftermarket	OEM vs Aftermarket OEM 98.0 Aftermarket 0 Others 2.0	OEM vs Aftermarket OEM 0 After market 11.54 Others 88.46	-
Customer Segment	Customer Segment 2 & 3 Wheelers 57.9 4 Wheeler 18.4 OHVs 15.0 Commercial Vehicles 2.0 CV 0 LCV & SCV 0 MUV & MPV 0 SE & Others 0 Two- Wheeler 0 FT 0 M & HCV 0 Passenger Vehicle 0 Others 6.7	Customer Segment Commercial Vehicles 0 LCV & SCV 0 FT 3.0 OHVs 0 Two- Wheeler 0 4 Wheeler 0 CV 26.0 MUV & MPV 0 SE & Others 0 2 & 3 Wheelers 0 4 Wheeler 64.0 M & HCV 0 Others 7.0	-
Asset Break-Up	Asset Break-Up India 71.51 Europe 28.49 Rest of the World 0	Asset Break-Up Europe 0 India 87.07 Rest of the World 12.93	-

Sandhar Technologies Ltd.

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