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Sandhar Technologies Limited.

BSE: 541163 Sector: Auto
NSE: SANDHAR ISIN Code: INE278H01035
BSE 00:00 | 04 Dec 246.40 -7.65
(-3.01%)
OPEN

259.35

HIGH

259.50

LOW

243.05

NSE 00:00 | 04 Dec 246.90 -7.10
(-2.80%)
OPEN

255.20

HIGH

260.05

LOW

244.75

OPEN 259.35
PREVIOUS CLOSE 254.05
VOLUME 1939
52-Week high 302.00
52-Week low 121.10
P/E 59.66
Mkt Cap.(Rs cr) 1,483
Buy Price 245.60
Buy Qty 13.00
Sell Price 247.95
Sell Qty 64.00
OPEN 259.35
CLOSE 254.05
VOLUME 1939
52-Week high 302.00
52-Week low 121.10
P/E 59.66
Mkt Cap.(Rs cr) 1,483
Buy Price 245.60
Buy Qty 13.00
Sell Price 247.95
Sell Qty 64.00

Sandhar Technologies Limited. (SANDHAR) - Chairman Speech

Company chairman speech

DEAR

SHAREHOLDERS

It was another spectacular year for us at Sandhar as we continue to deliver resultsthat resonate our belief and commitments to build a sustainable business. It gives megreat pleasure to see Sandhar a home-grown company emerge as a global leader in key autocomponents.

The automobile industry landscape has been evolving at a fast pace driven by varioustrends in global market including electrification technology upgradation and autonomousmobility. A deep understanding of these trends and continuous innovation has led us torestructure our business to ensure sustained value creation. With stabilization in GSTthe ancillary industry has become more organized and the industry has witnessed anincrease in demand of quality products by consumers.

In an operating environment like this our sustained growth depends upon our ability toinnovate new products that meet the consumer's requirement. We at Sandhar have beenleveraging our core strengths to convert these challenges into opportunities andoutperform the industry average.

The year 2018-19 was yet another phenomenal year for Sandhar wherein we saw a growth of20.01% in revenue to Rs.2335.82 crore declaring a dividend of RS.2.50 per share. Westarted our journey with just a few specific products centered around OEM in thetwo-wheeler segment. Over the years we have expanded and diversified our offering acrossvarious auto components including commercial vehicles and off-highway vehicles.

Through our OEM-centric business model we aim at changing the industry standards andpreference of consumers by providing innovative product offerings. To capitalize thegrowing opportunities and diversify our revenue stream we launched many new products in2018-19 including helmets fuel pumps oil filters starter motors and electric vehicle(EV) components. Our endevour for every segment we enter has been to emerge as a leader ofthe segment. In order to achieve the same we entered into strategic partnerships andjoint ventures that provide us with technological competencies that we leverage to drivecompetencies and market leadership.

Going forward we will continue to expand our product offering with a focus on safetyand security systems for automobiles with thrust on electronic and connectedtechnologies. We will continue to tap business opportunities that are coming our way onaccount of new global megatrends like electric mobility autonomous driving sharedmobility and connected vehicles. Through our values that balance both business andenvironmental aspects we are constantly working to ensure that our activities and theresults we achieve can deliver long-term value for our shareholders and the society as awhole.

D. N. Davar
Chairman

.