Sandhar Technologies (NSE:SANDHAR) Gross Margin %: 36.11% (As of Mar. 2026) — Near Median


NSE:SANDHAR Sandhar Technologies Ltd NSE:SANDHAR
85 GF Score
Price ₹687.40
GF Value ₹650.81
Valuation Fairly Valued
! 8 Warning Signs
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What is Sandhar Technologies Gross Margin %?

Sandhar Technologies NSE:SANDHAR -1.71% 85 Gross Margin % is 36.11% as of Mar. 2026, which is 6% above its 10-year median of 34.11. GuruFocus rates NSE:SANDHAR with a GF Score™ of 85/100 and a GF Value™ of ₹650.81 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,308 Vehicles & Parts companies, Sandhar Technologies ranks better than 82.19% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Sandhar Technologies's Gross Profit for the three months ended in Mar. 2026 was ₹4,720 Mil. Sandhar Technologies's Revenue for the three months ended in Mar. 2026 was ₹13,070 Mil. Therefore, Sandhar Technologies's Gross Margin % for the quarter that ended in Mar. 2026 was 36.11%.


The historical rank and industry rank for Sandhar Technologies's Gross Margin % or its related term are showing as below:

NSE:SANDHAR' s Gross Margin % Range Over the Past 10 Years
Min: 30.68   Med: 34.11   Max: 41.39
Current: 36.95


During the past 13 years, the highest Gross Margin % of Sandhar Technologies was 41.39%. The lowest was 30.68%. And the median was 34.11%.

NSE:SANDHAR's Gross Margin % is ranked better than
82.19% of 1308 companies
in the Vehicles & Parts industry
Industry Median: 19.8 vs NSE:SANDHAR: 36.95

Sandhar Technologies had a gross margin of 36.11% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Sandhar Technologies was 3.10% per year.


Sandhar Technologies  (NSE:SANDHAR) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Sandhar Technologies had a gross margin of 36.11% for the quarter that ended in Mar. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Sandhar Technologies Gross Margin % Related Terms


Sandhar Technologies Gross Margin % Historical Data

* Premium members only.

The historical data trend for Sandhar Technologies's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sandhar Technologies Gross Margin % Chart

Sandhar Technologies Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.65 30.68 32.36 38.62 36.95

Sandhar Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.76 37.06 36.68 38.05 36.11

NSE:SANDHAR vs ORLY, AZO: Gross Margin % Comparison

For the Auto Parts subindustry, Sandhar Technologies's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sandhar Technologies Gross Margin % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sandhar Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Sandhar Technologies's Gross Margin % falls into.


NSE:SANDHAR
85GF Score
Sandhar Technologies Ltd NSE:SANDHAR
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Sandhar Technologies Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Sandhar Technologies's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=17927.2 / 48520.861
=(Revenue - Cost of Goods Sold) / Revenue
=(48520.861 - 30593.631) / 48520.861
=36.95 %

Sandhar Technologies's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=4719.7 / 13069.864
=(Revenue - Cost of Goods Sold) / Revenue
=(13069.864 - 8350.196) / 13069.864
=36.11 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 36.11% mean?
Sandhar Technologies (NSE:SANDHAR) has a Gross Margin % of 36.11% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Sandhar Technologies and its competitors. This is near median its historical median of 34.11. Over the past decade, Sandhar Technologies' Gross Margin % has ranged from 30.68 to 41.39. According to the industry distribution chart, Sandhar Technologies ranks #233 out of 1308 companies in the Vehicles & Parts industry, placing it in the top 17.8%.
Is Sandhar Technologies' Gross Margin % too high?
Sandhar Technologies' current Gross Margin % of 36.11% is near median its 10-year median of 34.11. Over the past 10 years, this metric has ranged from a low of 30.68 to a high of 41.39. The Vehicles & Parts industry median Gross Margin % is 19.80. Sandhar Technologies' value of 36.11% is 82.4% above this industry median. Based on the distribution chart, Sandhar Technologies ranks #233 out of 1308 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Sandhar Technologies has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sandhar Technologies' Gross Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Sandhar Technologies ranks #233 out of 1308 companies for Gross Margin %. This places Sandhar Technologies in the top 18% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 19.80. Sandhar Technologies' value of 36.11% is 82.4% above this benchmark. Historically, Sandhar Technologies' own Gross Margin % has ranged from 30.68 to 41.39 over the past decade. While the company's 10-year median is 34.11 vs. the industry median of 19.80, Sandhar Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.80, based on 1,308 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sandhar Technologies's current Gross Margin % of 36.11% is 82.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Sandhar Technologies and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sandhar Technologies's current Gross Margin % is 36.11%, which is near median its own 10-year median of 34.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandhar Technologies stock overvalued right now?
Based on GuruFocus' analysis, Sandhar Technologies (NSE:SANDHAR) is currently considered Fairly Valued. The stock's GF Value™ is ₹650.81, compared to a current price of ₹687.40 — trading 5.6% above its estimated fair value. The current Gross Margin % is 36.11%, which is near median its 10-year median of 34.11 and 82.4% above the Vehicles & Parts industry median of 19.80. Sandhar Technologies' overall GF Score™ is 85/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Sandhar Technologies (NSE:SANDHAR), the current Gross Margin % is 36.11% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sandhar Technologies (NSE:SANDHAR) Overvalued in 2026?

Based on GuruFocus' analysis, Sandhar Technologies stock appears to be overvalued. The current stock price of ₹687.40 is trading 5.6% above its estimated GF Value™ of ₹650.81. GuruFocus considers Sandhar Technologies to be Fairly Valued.

Key valuation signals for NSE:SANDHAR:

  • Gross Margin %: 36.11% (near median its 10-year median of 34.11)
  • GF Value™: ₹650.81 vs. price of ₹687.40 (5.6% above fair value)
  • GF Score™: 85/100 with 8 warning signs
  • Industry Position: 82.4% above the Vehicles & Parts median (#233 of 1308)

No single metric tells the full story. See the NSE:SANDHAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sandhar Technologies Business Description

Other Exchanges 541163:India
Address Plot Number 13, Sector-44, Gurugram, HR, IND, 122002
Sandhar Technologies Ltd is principally engaged in the manufacturing and assembly of components for the automotive industry. The company's operating segment is identified as Automotive Components. Geographically, the company generates the majority of its revenue from India, and the rest from Overseas countries. The company's products include locking systems, rearview mirrors, door handles, die castings, injection molding, relays, and automotive optoelectronics.
85GF Score

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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹687.40
Price
₹650.81
GF Value