SAN Engineering & Locomotive Company Ltd
- Unlisted share
- Industrials & Engineering
- ISIN INE031H01012
At a glance
Sales
FY25
₹266 Cr
+17.6%on FY24What the company earned from its customers in the year.
Profit
FY25
₹50.79 Cr
+81.5%on FY24What was left after every cost and tax was paid.
Market valuecalculated
₹374 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY25
₹292 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- SAN Engineering & Locomotive Company Ltd
- ISIN
- INE031H01012
- Sector
- Industrials & Engineering
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹841.50
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About SAN Engineering & Locomotive Company Ltd
SAN Engineering and Locomotive Company Limited builds hydraulic and electric shunting locomotives for industrial use, and also makes industrial gears, gearboxes and related drive components, from factories in Bengaluru, Mysuru and Hyderabad. The business was started in Bengaluru in 1969 and has been owned by the Thakker family since 1981; Milind S Thakker chairs the board and, with family members and two family-linked companies, holds about 95% of the shares. It has two wholly owned subsidiaries, San Motors Ltd and San Rolling Stock Services Ltd.
Written from: san-engineering.com, crisil.com, san-engineering.com
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Industrials & Engineering
- ISIN
- INE031H01012
- Registered office
- Whitefield Road, Bengaluru, Karnataka
- Promoters
- Milind S Thakker (45.02%), Sonmil Industries Pvt Ltd (34.43%), Importex International Pvt Ltd (9.33%) and Anjana M Thakker (6.71%)
- Key people
- Chairman: Milind S Thakker; Managing Director: Ramanathan Narayanan; Company Secretary: Sunitha K S
- Face value per share
- ₹10
- Equity shares outstanding
- 44,50,000 shares
- CIN
- U74210KA1973PLC002424
- Website
- san-engineering.com
Read from: 55th Annual Report 2024-25 (company website), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
7.4×
At this price you pay ₹7.4 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
1.28×
At this price you pay ₹1.28 for every ₹1 of net worth on the company's books.
Profit margincalculated
19.1%
Out of every ₹100 of sales, ₹19.1 was left as profit.
Return on equitycalculated
17.4%
For every ₹100 of the owners' money, the company made ₹17.4 of profit in the year.
Debt to equitycalculated
0×
The company reports no borrowings.
- Indicative price
- ₹841.50
- Market valuecalculated
- ₹374 Cr
- price × shares
- No. of shares
- 44,50,000
- EPS
- ₹113.66
- Book value per share
- ₹657.12
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2024-25. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
SAN Engineering and Locomotive Company Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY25: ₹200 Cr to ₹266 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY25: ₹19.18 Cr to ₹50.79 Cr.
| Particulars | FY23 | FY24 | FY25Latest |
|---|---|---|---|
| Revenue from operations (net of GST) | 199.83 | 225.9 | 265.55▲18% |
| Other income | 2.54 | 4.73 | 3.67▼22% |
| Total revenue | 202.38 | 230.63 | 269.22▲17% |
| Depreciation and amortisation | 5.87 | 6.22 | 6.17▼1% |
| Finance costs | 0.89 | 1.16 | 2.37▲104% |
| Profit before tax | 25.92 | 37.04 | 64.23▲73% |
| Profit after tax | 19.18 | 27.99 | 50.79▲81% |
| Earnings per share (basic) (₹) | 42.24 | 62.17 | 113.66▲83% |
Rupees crore unless marked, consolidated. The change shown is the latest year against the year before. Read from: Annual Report 2023-24 (company website), 55th Annual Report 2024-25 (company website).
Credit rating. CRISIL A-/Stable (long term) and CRISIL A2+ (short term), reaffirmed on ₹100 crore of bank facilities (1 October 2024) CRISIL rating rationale, 1 October 2024
Ownership
Shareholding pattern
Who owns the company
45.0%Milind S Thakker (promoter)
- Largest holder
- 45.0%
- Top 3 together
- 88.8%
- Holders named
- 4
- Milind S Thakker (promoter)45.02%
- Sonmil Industries Pvt Ltd (promoter group)34.43%
- Importex International Pvt Ltd (promoter group)9.33%
- Anjana M Thakker (promoter)6.71%
- Total95.49%
Read from: 55th Annual Report 2024-25 (company website)
Leadership
Management
Milind S Thakker
Chairman (Non-Executive)
Ramanathan Narayanan
Managing Director
Shiv Dayal
Independent Director
Yash Gupta
Independent Director
Jasjiv Sahney
Additional Director (Non-Executive, from 15.11.2024)
Sunitha K S
Company Secretary
Read from: 55th Annual Report 2024-25 (company website)
Corporate calendar
Events
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about SAN Engineering & Locomotive Company Ltd on WhatsAppIs the price shown for SAN Engineering & Locomotive Company Ltd final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my SAN Engineering & Locomotive Company Ltd shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell SAN Engineering & Locomotive Company Ltd shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by SAN Engineering & Locomotive Company Ltd. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.