Sansera Engineering Ltd (SANSERA)
🎯 Key Takeaways
- Sansera Engineering is transitioning from a traditional auto components supplier into a diversified engineering player with strategic focus on high-growth segments like aerospace, defense, and semiconductors. Management is executing a long-term vision targeting INR8,000-9,000 crore revenue by 2027-2029, supported by strong order backlogs and margin expansion ambitions in ADS segments.
- Revenue grew 2.3% QoQ to ₹1,021 in Q1FY27.
- ⚠️ Execution risk in new segments (ADS, defense, semiconductors) remains elevated due to longer sales cycles and regulatory dependencies.
- Market Cap
- ₹27,796
- P/E Ratio
- 79.5
- P/B Ratio
- 9.00
- ROE
- 11.3%
- ROCE
- 14.3%
- Debt/Equity
- 0.15
- Div Yield
- 0.09%
- Promoter
- 29.2%
📖 The Story
Sansera Engineering is transitioning from a traditional auto components supplier into a diversified engineering player with strategic focus on high-growth segments like aerospace, defense, and semiconductors. Management is executing a long-term vision targeting INR8,000-9,000 crore revenue by 2027-2029, supported by strong order backlogs and margin expansion ambitions in ADS segments.
📰 What's Happening
In Q1 FY27, Sansera reported record revenue of ₹1,021.3 crore (33% YoY growth), driven by robust demand across ADS and non-ADS segments, with order backlog expanding to INR57.5 billion. The company appointed Mr. Hari Krishnan as Executive Director & CEO of the Aerospace, Defence & Semiconductor division, signaling strategic prioritization of high-margin verticals. Leadership continuity was reinforced with re-designations of key executives, including Fatheraj Singhvi and Bindiganavile Raghunath Preetham, effective until 2028-2029. Capex is being deployed toward capacity expansion at Pantnagar and Manesar to support growth targets.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 825 | 908 | 999 | 1,021 |
| Operating Profit | 93 | 112 | 137 | 134 |
| OPM % | 11.2% | 12.3% | 13.8% | 13.1% |
| Net Profit | 71 | 69 | 123 | 87 |
| EPS | ₹11.56 | ₹11.05 | ₹19.51 | ₹13.89 |
Revenue has grown sequentially and YoY across all quarters, with margins improving modestly in operating and net profit trends. EBITDA margin reached 19.2% in Q1 FY27, up from prior quarters, reflecting operational efficiency and favorable mix effect. Despite PAT margin remaining at 8.6%, the trajectory aligns with management’s guidance of margin expansion toward 20-25% EBITDA in ADS segments, supported by scale, forex cushion, and product mix shifts toward higher-value offerings.
🔮 Management Outlook & What's Next
Management has reaffirmed its ambition to achieve INR8,000-9,000 crore revenue by the end of the decade (2027-2029), targeting high-teens to 20% revenue growth in FY27. They expect ADS revenue to double and EBITDA margins to improve toward 20-25% in this segment, driven by order backlog execution, capacity additions, and favorable industry tailwinds in defense and aerospace.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 12 | 11 | 12 | 12 |
| Reserves | 2,738 | 1,448 | 3,075 | 2,865 |
| Borrowings | 407 | 1,104 | 458 | 439 |
| Total Liabilities | 3,736 | 3,203 | 4,495 | 3,976 |
| Fixed Assets | 1,898 | 1,637 | 2,262 | 2,085 |
| Investments | 52 | 46 | 90 | 72 |
| Total Assets | 3,736 | 3,203 | 4,495 | 3,976 |
The balance sheet shows a healthy capital structure with low debt-to-equity (0.11) and consistent equity base of ₹12 crore, while reserves have grown steadily from ₹2,738 crore to ₹3,075 crore. Borrowings remain modest, indicating conservative leverage. Capital allocation appears focused on strategic capex for capacity expansion rather than aggressive debt-funded growth, supporting financial stability amid expansion into new segments.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | +377 |
| Investing | -955 |
| Financing | +583 |
| Net Cash Flow | +5 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 30.2% | 30.2% | 30.1% | 29.2% |
| FII | 19.6% | 19.4% | 18.8% | 21.5% |
| DII | 37.0% | 36.3% | 35.4% | 31.0% |
| Public | 9.7% | 9.9% | 11.2% | 12.4% |
| # Shareholders | 77,136 | 77,445 | 94,980 | 1,04,350 |
Promoter holding has slightly declined from ~30.2% to 29.21%, while institutional ownership (FII + DII) has increased significantly, with DII rising from 31.04% to 36.31% over the last four quarters. The growing interest from domestic institutional investors suggests rising confidence in the company’s execution and long-term growth narrative, despite promoter dilution trends.
⚖️ Peer Comparison — Auto Ancillaries
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| MOTHERSON | 1.72 L Cr | 39.3 | 13.9% | — | 0.39 |
| BOSCHLTD | 1.39 L Cr | 58.9 | 21.7% | — | 0.00 |
| UNOMINDA | 67,968 | 56.5 | 19.3% | — | 0.37 |
| SONACOMS | 50,152 | 72.0 | 15.2% | — | 0.04 |
| ENDURANCE | 37,982 | 39.2 | 17.3% | — | 0.15 |
| EXIDEIND | 35,024 | 37.6 | 9.8% | — | 0.08 |
| SANSERA | 27,796 | 79.5 | 14.3% | — | 0.15 |
| CRAFTSMAN | 27,589 | 52.5 | 14.7% | — | 1.02 |
| ZFCVINDIA | 26,550 | 10.7 | 18.3% | — | 0.00 |
| SUNDRMFAST | 24,520 | 40.1 | 17.4% | — | 0.14 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Execution risk in new segments (ADS, defense, semiconductors) remains elevated due to longer sales cycles and regulatory dependencies. 2. Margin improvement in ADS segments depends on successful integration of new facilities and achieving scale, which may take longer than guided. 3. Capex timing and utilization efficiency could impact cash flows if project delays occur. 4. High valuation (P/E 71.8) leaves limited room for execution misses, especially as growth transitions from legacy ICE components to newer verticals.
📋 Recent Filings
- 🟡 voting results2026-09-24At the 44th AGM on 24 September 2026, shareholders approved all resolutions including the reappointment of directors and auditor, with voting results …
- 🟡 Board Meeting2026-09-24Sansera Engineering held its 44th AGM on September 24, 2026, via video conference, adopting FY2026 audited financials, declaring a Rs. 4 per share div…
- 🟡 Board Meeting2026-09-24Sansera Engineering held its 44th AGM on September 24, 2026, via video conference, with 99 shareholders present. Directors including Chairman S Sekhar…
- 🔴 Corporate Action2026-09-22Sansera Engineering announced the allotment of 14,189 equity shares on exercise of options under its ESOP 2018, increasing total issued shares to 6,24…
- Announcement2026-09-21Sansera Engineering Ltd announced that its trading window will close from October 1, 2026, until 48 hours after the Q2FY27 results announcement, restr…
- 🔴 Announcement2026-09-20Sansera Engineering Ltd announced an investor meeting on September 24, 2026, at its Bangalore plant with Goldman Sachs, discussing only publicly avail…
- 🔴 Announcement2026-09-09Sansera Engineering Ltd announced an investor meeting on September 15, 2026, at its Bangalore plant, where officials will discuss publicly available i…
- 🟡 Board Meeting2026-09-02The 44th AGM of Sansera Engineering Ltd approved key leadership changes and remuneration packages, including Mr. Preetham's re-designation to Joint Ma…
- 🟡 Board Meeting2026-09-02Sansera Engineering announced its 44th AGM on September 24, 2026, via video conference, with book closure from September 18 to 24, 2026. A dividend of…
- 🔴 annual report2026-09-02Sansera Engineering announced its 44th Annual General Meeting will be held on September 24, 2026, via video conference, and provided the web link and …
🧠 Analyst's Read
Sansera Engineering is in a strategic inflection phase, leveraging strong order backlogs and leadership changes to pivot toward high-growth engineering segments. While financial trends support long-term aspirations, investor focus should remain on execution discipline in new verticals, margin trajectory in ADS, and capital deployment efficiency over the next 12-18 months.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-29.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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