Sandhar Technologies Ltd.

Financial

	Sandhar Tech	Kernex Microsystems	Rajratan Global Wire
Operational Metrics
Financials
5 yr Average ROE	7.97 %	-15.11 %	21.56 %
5yr average Equity Multiplier	2.16	1.43	1.82
5yr Average Asset Turnover Ratio	1.32	0.13	1.16
5yr Avg Net Profit Margin	2.81 %	-170.0 %	9.84 %
Price to Book	2.16	11.78	2.95
P/E	17.49	34.38	28.84
5yr Avg Cash Conversion Cycle	1.95 Days	570.44 Days	26.08 Days
Inventory Days	36.8 Days	464.82 Days	31.86 Days
Days Receivable	42.13 Days	6.76 Days	65.02 Days
Days Payable	87.82 Days	121.11 Days	62.19 Days
5yr Average Interest Coverage Ratio	4.8	-4.96	7.03
5yr Avg ROCE	11.24 %	-8.53 %	25.91 %
5yr Avg Operating Profit Margin	9.45 %	-137.96 %	16.64 %
5 yr average Debt to Equity	0.47	0.25	0.45
5yr CAGR Net Profit	14.06 %	n/a	2.05 %
5yr Average Return on Assets	3.71 %	-10.36 %	11.75 %
Shareholdings
Promoter Holding	70.38 %	28.97 %	65.14 %
Share Pledged by Promoters	0.0	8.82 %	0.0
Change in Promoter Holding (3 Yrs)	0.0	-2.3 %	0.14 %
Change in Mutual Fund Holding (3 Yrs)	0.2 %	1.09 %	-0.23 %

Business

	Sandhar Tech	Kernex Microsystems	Rajratan Global Wire
Product Wise Break-Up	Product Wise Break-Up Sheet Metal 24.8 Aluminum Castings 23.7 Locking systems 20.3 Cabin and fabrication 12.0 Handle Bar Assembly 11.2 Vision systems 5.7 Plastic parts 0 Wheel assembly 0 Safety Systems for Railways 0 Others 2.3	Product Wise Break-Up Vision systems 0 Aluminum Castings 0 Locking systems 0 Plastic parts 0 Sheet Metal 0 Cabin and fabrication 0 Wheel assembly 0 Safety Systems for Railways 100.0 Handle Bar Assembly 0	-
Location Wise Break-Up	Location Wise Break-Up India 88.88 Europe 11.12 International 0 Domestic 0 Thailand 0 Rest of the World 0	Location Wise Break-Up India 99.78 Rest of the World 0 India 0 International 0.22 Thailand 0 Europe 0	Location Wise Break-Up Domestic 0 Rest of the World 0 India 64.0 International 0 Thailand 36.0 Europe 0
Operating Profit Break-Up	Operating Profit Break-Up India 95.18 Europe 4.82	-	-
OEM vs Aftermarket	OEM vs Aftermarket OEM 98.0 Others 2.0	-	-
Customer Segment	Customer Segment 2 & 3 Wheelers 64.3 4 Wheeler 16.7 OHVs 13.3 Commercial Vehicles 2.0 Others 3.7	-	-
Asset Break-Up	Asset Break-Up India 75.94 Europe 24.06 International 0	-	Asset Break-Up International 34.77 Europe 0 India 65.23