Share the post "Sandhar Technologies Limited Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
Sandhar Technologies Limited has released its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 4.24 | 4.24 | 70.38 | 70.38 | 0 |
| Public | 1.78 | 1.78 | 11.7 | 11.99 | +0.29 % |
| DII | 0.99 | 0.97 | 16.41 | 16.15 | -0.26 % |
| FII | 0.09 | 0.09 | 1.51 | 1.48 | -0.03 % |
| Government | 0 | 0 | 0 | 0 | 0 |
Promoters shareholding remained stable, at 70.38% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. The percentage of shares held by the public increased from 11.7% in December 2023 to 11.99% in March 2024.This change suggests that the public’s investment in the company grew during the quarter.Domestic Institutional Investor’s (DII) shareholding decreased slightly from 16.41% in December 2023 to 16.15% in March 2024 , indicating that domestic institutions reduced their -0.26 stake in the company.FIIs (Foreign Institutional Investors) shareholding decreased from 1.51% in December 2023 to 1.48% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .
Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 0.430 | 0.512 | 7.14 | 8.51 | + 1.37 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 0.127 | 0.086 | 2.11 | 1.42 | -0.69 % |
| Non Resident Indians (NRIs) | 0.033 | 0.036 | 0.54 | 0.59 | + 0.05 % |
| Bodies Corporate | 0.063 | 0.052 | 1.04 | 0.87 | -0.17 % |
| Any Other (specify) | 0.052 | 0.036 | 0.86 | 0.6 | -0.26 % |
| HUF | 0.050 | 0.032 | 0.83 | 0.53 | -0.3 % |
| LLP | 0.002 | 0.004 | 0.03 | 0.07 | + 0.04 % |
Leading the way to higher stakeholding, Resident Individuals holding nominal share capital up to Rs. 2 lakhs has significantly boosted stakeholding by an impressive 1.37 %.Observations show a significant difference of -0.69 % in Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs’s financial performance between quarters.Leading the way to higher stakeholding, Non Resident Indians (NRIs) has significantly boosted stakeholding by an impressive 0.05 %.Observations show a significant difference of -0.17 % in Bodies Corporate’s financial performance between quarters.Observations show a significant difference of -0.26 % in Any Other (specify)’s financial performance between quarters.Observations show a significant difference of -0.3 % in HUF’s financial performance between quarters.Leading the way to higher stakeholding, LLP has significantly boosted stakeholding by an impressive 0.04 %.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Mutual Funds/ | 0.944 | 0.938 | 15.68 | 15.58 | -0.1 % |
| Icici Prudential Dividend Yield Equity Fund | 0 | 0.070 | 0 | 1.16 | +1.16% |
| Bandhan Elss Tax Saver Fund | 0.155 | 0.131 | 2.58 | 2.17 | -0.41 % |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 0.243 | 0.256 | 4.03 | 4.26 | + 0.23 % |
| Alternate Investment Funds | 0.044 | 0.034 | 0.73 | 0.57 | -0.16 % |
| Icici Prudential Equity & Debt Fund | 0.066 | 0 | 1.09 | 0 | -1.09% |
Mutual Funds/ decreased their stake from 15.58% in the previous quarter to 15.68% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.1 %.Bandhan Elss Tax Saver Fund decreased their stake from 2.17% in the previous quarter to 2.58% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.41 %.The latest quarter saw a considerable enhancement in stakeholding for Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund, reflecting an uptick of 0.23 % in their shares.Alternate Investment Funds decreased their stake from 0.57% in the previous quarter to 0.73% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.16 %.Icici Prudential Dividend Yield Equity Fund had no shares in the previous quarter but now holds 1.16% of shares in the current quarter.Icici Prudential Equity & Debt Fund had 1.09% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Foreign Portfolio Investors Category I | 0.090 | 0.088 | 1.5 | 1.47 | -0.03 % |
| Foreign Portfolio Investors Category II | 0.001 | 0.001 | 0.02 | 0.01 | -0.01 % |
Stakeholding dwindled by -0.03 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter.Stakeholding dwindled by -0.01 % for Foreign Portfolio Investors Category II in comparison to the preceding quarter.
21
3-Year Profit
4
5-Year Profit
13
10-Year Profit
601
Current Price
3,619
Market Cap
Upon examining the financial data for BSE code 541163, it becomes clear that the company achieved a notable five-year profit of 4 percents, which impressively increased to 21 percents in the three-year window. This upward trajectory, however, has been overshadowed by the latest trailing twelve-month (TTM) figures, which indicate a concerning loss of 25 percents. This financial loss is further compounded by the fact that the company has not recorded any sales across any of the timeframes under consideration. Such an unusual situation might suggest that the company operates under an unconventional business model, which could potentially carry higher risks. In terms of stock performance, the company’s stock price has seen a decline, falling from 20 percents over the five-year period to just 38 percents in the last year. The ten-year average stock price, which sits at 0 percents, highlights long-term volatility, casting doubt on the company's ability to sustain its market position over time. This warrants further investigation into the factors driving these fluctuations.
Currently valued at ₹3,619 crore, the company's stock price stands at ₹601. Over the years, it has seen significant fluctuations, with its price ranging from ₹698 / 343, a reflection of its sensitivity to market conditions and investor sentiment. The stock's Price-to-Earnings (P/E) ratio, currently at 30.8, suggests that it is highly valued in comparison to its earnings, possibly indicating strong future growth expectations or a high level of investor confidence. The book value per share is ₹169, which represents the net asset value of the company per share. The dividend yield of 0.54% provides some return to investors, though it may not be the primary attraction for those investing in the stock. The company's Return on Capital Employed (ROCE) is 12.1%, pointing to efficient use of its capital base to generate profits. The Return on Equity (ROE), at 11.4%, highlights the profitability for shareholders. The company's financial health is further underscored by its very low debt-to-equity ratio of 0.73, signaling conservative financial management. However, the net cash flow is negative at ₹26.6 crore, indicating possible liquidity concerns or heavy investment. The Piotroski score of 8.00 provides a snapshot of its financial stability, while the Graham Number, estimated at ₹272, offers an intrinsic value benchmark. With a Price-to-Book (P/B) ratio of 3.56, the stock seems to be trading at a premium relative to its book value, which could signal strong market expectations or overvaluation risks.
