BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Despite slowdown in the two-wheeler segment, Sandhar Technologies Ltd. printed a strong revenue performance in Q4 led by strong growth in cabin and fabrication, sheet metal and aluminum die casting business.
Ebitda margin improved 62 basis points QoQ to 9.2%.
Management guided 30-35% revenue growth and double digit Ebitda margin for FY23 led by recovery in two-wheeler business, capacity addition in sheet metal and aluminum die casting business, premiumisation in locking business and traction in cabin and fabrication business.
Sandhar Technologies is setting up five plants dedicated to sheet metal and aluminum die casting which will help to generate incremental revenue of Rs 3-3.5 billion in FY23. Capex to be in the range of Rs 3-4 billion in FY23.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.