Whalesbook
Sansera Engineering's shares surged to a new intraday record of ₹2,875 on Thursday, a 16% gain on the BSE, driven by the company's robust performance in the January-March 2026 quarter (Q4FY26).
Strong Q4 Performance Fuels Stock Rally
The automotive components manufacturer reported an 18.5% year-over-year (YoY) growth in its domestic business. International operations saw a significant 47% YoY expansion, with exports nearly doubling, largely propelled by the semiconductor segment. Exports to the U.S. also increased by a notable 25.9% YoY, supported by the non-automotive sector and passenger vehicles.
Diversification Drives Non-Auto Growth
Sansera's non-automotive segment showed strong momentum, achieving 70.5% YoY growth. This expansion was primarily led by the aerospace, defense, and semiconductor (ADS) business, which more than doubled compared to the previous year. Company management expects this strong growth trend to continue.
Key Financials Revealed
Consolidated revenue from operations rose by 28% YoY to ₹998.70 crore. Profit after tax more than doubled, reaching ₹123.1 crore, up from ₹59.2 crore in Q4FY25. Earnings before interest, taxes, depreciation, and amortization (Ebitda) climbed 52% YoY to ₹192.9 crore, with Ebitda margins improving by 300 basis points to 19.3% from 16.3%.
Positive Outlook and Order Pipeline
As of March 2026, Sansera's unexecuted order backlog for the ADS business stood at ₹4,463.8 crore. Management highlighted favorable demand, global supply chain adjustments, and a growing domestic manufacturing sector as factors expanding the company's market opportunities. Sansera's position as an early entrant is seen as advantageous in this evolving market.
Analyst Views
ICICI Securities observed that Sansera's international business achieved its highest-ever quarterly revenues, mainly due to its semiconductor operations. While the cumulative order book at the end of FY26 was ₹1,920 crore (projected peak revenues in three years), a decrease from ₹2,410 crore in December 2025, the ADS segment generated ₹109 crore in Q4FY26 and ₹315 crore for the full fiscal year. The company forecasts ₹550-₹600 crore in revenue from this segment for FY27. The brokerage considers the stock fairly valued at around 30 times its estimated earnings per share for FY28.