Sadbhav Engineering Ltd
Incorporated in 1988, Sadbhav Engineering
Ltd is an EPC contractor of road construction, mining and irrigation[1]
- Market Cap ₹ 478 Cr.
- Current Price ₹ 27.8
- High / Low ₹ 40.4 / 9.85
- Stock P/E
- Book Value ₹ 7.34
- Dividend Yield 0.00 %
- ROCE 4.85 %
- ROE -60.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 3.78 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.57%
- The company has delivered a poor sales growth of -18.6% over past five years.
- Promoter holding is low: 36.2%
- Company has a low return on equity of -32.8% over last 3 years.
- Contingent liabilities of Rs.169 Cr.
- Promoters have pledged 80.4% of their holding.
- Debtor days have increased from 55.9 to 79.2 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Construction Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,866 | 2,160 | 2,733 | 3,447 | 4,066 | 4,498 | 4,975 | 5,240 | 3,487 | 2,243 | 1,908 | 1,777 | 1,876 | |
2,450 | 1,829 | 2,290 | 2,861 | 3,064 | 3,302 | 3,493 | 3,759 | 2,342 | 1,645 | 2,255 | 1,729 | 1,776 | |
Operating Profit | 417 | 331 | 443 | 586 | 1,002 | 1,196 | 1,481 | 1,481 | 1,145 | 598 | -348 | 48 | 100 |
OPM % | 15% | 15% | 16% | 17% | 25% | 27% | 30% | 28% | 33% | 27% | -18% | 3% | 5% |
26 | 163 | 152 | 56 | 107 | 154 | 114 | 319 | 1,873 | 377 | 755 | 31 | -36 | |
Interest | 156 | 304 | 452 | 617 | 1,075 | 1,191 | 1,313 | 1,329 | 1,411 | 1,003 | 975 | 661 | 356 |
Depreciation | 86 | 171 | 130 | 223 | 233 | 321 | 358 | 392 | 401 | 211 | 167 | 131 | 130 |
Profit before tax | 200 | 18 | 12 | -198 | -199 | -162 | -76 | 79 | 1,206 | -239 | -735 | -713 | -422 |
Tax % | 40% | 237% | -118% | -17% | -11% | -6% | -50% | 168% | 8% | 1% | 1% | 2% | |
117 | -30 | 26 | -235 | -221 | -172 | -114 | -54 | 1,106 | -237 | -728 | -699 | -413 | |
EPS in Rs | 8.13 | 0.50 | 2.93 | -10.23 | -6.02 | -3.15 | -0.18 | 1.23 | 46.21 | -9.03 | -42.18 | -34.34 | -22.87 |
Dividend Payout % | 7% | 121% | 24% | -7% | -12% | -24% | -555% | 81% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -2% |
5 Years: | -19% |
3 Years: | -20% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -17% |
TTM: | 87% |
Stock Price CAGR | |
---|---|
10 Years: | -16% |
5 Years: | -34% |
3 Years: | -24% |
1 Year: | 154% |
Return on Equity | |
---|---|
10 Years: | -15% |
5 Years: | -24% |
3 Years: | -33% |
Last Year: | -60% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 15 | 15 | 15 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
Reserves | 1,158 | 1,195 | 1,235 | 1,520 | 992 | 889 | 874 | 818 | 1,584 | 1,428 | 784 | 158 | 109 |
3,487 | 4,564 | 5,572 | 6,963 | 9,001 | 10,080 | 10,056 | 11,143 | 6,768 | 7,103 | 6,159 | 5,151 | 4,507 | |
912 | 872 | 1,049 | 3,433 | 2,748 | 2,804 | 3,913 | 4,024 | 3,839 | 3,842 | 3,968 | 4,377 | 3,842 | |
Total Liabilities | 5,573 | 6,646 | 7,871 | 11,933 | 12,759 | 13,790 | 14,860 | 16,002 | 12,207 | 12,390 | 10,928 | 9,704 | 8,475 |
1,252 | 3,204 | 5,292 | 7,721 | 8,730 | 10,057 | 9,792 | 9,727 | 4,461 | 4,234 | 411 | 318 | 254 | |
CWIP | 2,611 | 1,636 | 775 | 2,010 | 1,579 | 190 | 291 | 96 | 99 | 100 | 4 | 4 | 4 |
Investments | 40 | 33 | 128 | 31 | 33 | 60 | 48 | 105 | 730 | 730 | 177 | 122 | 1 |
1,670 | 1,774 | 1,675 | 2,171 | 2,418 | 3,484 | 4,727 | 6,074 | 6,917 | 7,327 | 10,336 | 9,260 | 8,215 | |
Total Assets | 5,573 | 6,646 | 7,871 | 11,933 | 12,759 | 13,790 | 14,860 | 16,002 | 12,207 | 12,390 | 10,928 | 9,704 | 8,475 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
605 | 212 | 786 | 385 | 787 | 366 | 1,274 | 245 | 597 | 1,184 | -3,095 | 1,788 | |
-2,031 | -1,097 | -1,441 | -1,357 | -1,676 | -220 | -94 | -4 | 1,311 | 118 | 5,252 | 32 | |
1,483 | 753 | 706 | 1,037 | 810 | -186 | -1,126 | -226 | -1,947 | -1,288 | -2,107 | -1,870 | |
Net Cash Flow | 56 | -132 | 52 | 64 | -79 | -41 | 53 | 15 | -38 | 14 | 49 | -50 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 88 | 120 | 77 | 72 | 73 | 129 | 102 | 76 | 13 | 27 | 62 | 79 |
Inventory Days | 98 | 139 | 158 | 106 | 54 | 53 | 55 | 85 | 142 | 148 | 187 | 98 |
Days Payable | 368 | 481 | 375 | 235 | 150 | 243 | 236 | 283 | 703 | 946 | 1,170 | 2,018 |
Cash Conversion Cycle | -182 | -222 | -140 | -57 | -23 | -60 | -79 | -122 | -549 | -772 | -922 | -1,841 |
Working Capital Days | 62 | 103 | 42 | 58 | 29 | 84 | 106 | 41 | 123 | 241 | 484 | 521 |
ROCE % | 9% | 5% | 5% | 5% | 9% | 9% | 11% | 12% | 11% | 8% | 5% | 5% |
Documents
Announcements
- Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 21St May, 2024. 2d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 May - Corrigendum to the Notice of Extra Ordinary General Meeting of the Company scheduled to be held on Thursday, 30th May, 2024.
- Corrigendum To The Notice Of Extra Ordinary General Meeting Of The Company Scheduled To Be Held On Thursday, 30Th May, 2024. 9 May
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
9 May - Newspaper Advertisement-Notice of Extra-Ordinary General Meeting No. 01/2024-25 and Remote E-voting Information.
- Notice Of Extra-Ordinary General Meeting No. 01/2024-25 ('EGM') Of Sadbhav Engineering Limited ('The Company'). 8 May
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Jul 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Sep 2020TranscriptPPT
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Jul 2020TranscriptPPT
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Apr 2020Transcript PPT
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Feb 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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May 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Sep 2016TranscriptPPT
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Apr 2016TranscriptPPT
Business Overview:[1]
SEL, part of the Sadhbhav Group in Ahmedabad, focuses on infrastructure development. Their services span canals, irrigation, roads, bridges, and mining, covering civil, electrical, and mechanical contracting. They operate on BOT, BOLT, and BOOT models and undertake EPC contracts with subsidiaries