Sadbhav Engineering Ltd

Sadbhav Engineering Ltd

₹ 9.05 2.38%
13 Mar 9:49 a.m.
About

Incorporated in 1988, Sadbhav Engineering
Ltd is an EPC contractor of road construction, mining and irrigation[1]

Key Points

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

  • Market Cap 155 Cr.
  • Current Price 9.05
  • High / Low 18.0 / 5.87
  • Stock P/E
  • Book Value 48.8
  • Dividend Yield 0.00 %
  • ROCE 0.94 %
  • ROE -19.4 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.19 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -37.8% over past five years.
  • Promoter holding is low: 25.5%
  • Company has a low return on equity of -23.4% over last 3 years.
  • Contingent liabilities of Rs.174 Cr.
  • Promoters have pledged 42.7% of their holding.
  • Earnings include an other income of Rs.76.1 Cr.
  • Company has high debtors of 502 days.
  • Promoter holding has decreased over last 3 years: -12.2%
  • Working capital days have increased from 105 days to 187 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
209.91 194.55 404.83 218.84 114.70 275.06 113.16 30.98 29.61 36.78 33.02 41.48 34.51
217.73 503.41 368.35 200.87 139.76 420.24 107.76 30.52 20.41 68.67 15.46 33.25 22.33
Operating Profit -7.82 -308.86 36.48 17.97 -25.06 -145.18 5.40 0.46 9.20 -31.89 17.56 8.23 12.18
OPM % -3.73% -158.76% 9.01% 8.21% -21.85% -52.78% 4.77% 1.48% 31.07% -86.70% 53.18% 19.84% 35.29%
15.38 96.35 19.29 30.43 14.73 -13.54 14.91 29.81 8.94 17.25 21.40 14.90 22.57
Interest 43.15 42.07 41.82 42.01 45.49 41.39 39.65 33.77 40.81 42.37 37.77 38.73 38.85
Depreciation 10.52 9.37 7.61 6.95 6.08 5.36 2.79 2.30 2.23 2.08 1.61 1.01 0.62
Profit before tax -46.11 -263.95 6.34 -0.56 -61.90 -205.47 -22.13 -5.80 -24.90 -59.09 -0.42 -16.61 -4.72
Tax % -6.16% 1.94% 83.28% 475.00% -0.16% -2.33% 0.00% 23.28% 7.35% 65.07% 0.00% -34.26% 0.00%
-43.27 -269.09 1.05 -3.22 -61.80 -200.70 -22.13 -7.14 -26.73 -97.54 -0.42 -10.92 -4.72
EPS in Rs -2.52 -15.68 0.06 -0.19 -3.60 -11.70 -1.29 -0.42 -1.56 -5.69 -0.02 -0.64 -0.28
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
2,358 2,970 3,186 3,320 3,505 3,549 2,252 1,624 1,226 889 1,013 211 146
2,104 2,659 2,850 2,962 3,089 3,121 1,969 1,412 1,762 1,164 1,129 227 140
Operating Profit 254 311 337 358 417 428 282 211 -535 -275 -116 -17 6
OPM % 11% 10% 11% 11% 12% 12% 13% 13% -44% -31% -11% -8% 4%
-5 57 76 85 88 101 130 74 83 140 51 71 76
Interest 119 140 151 153 191 175 194 190 188 165 171 157 158
Depreciation 47 82 97 100 98 96 108 94 69 44 26 9 5
Profit before tax 82 146 165 190 216 258 110 2 -710 -344 -262 -112 -81
Tax % -30% 22% 20% 1% -2% 28% 22% -2,548% 1% 1% 1% 37%
106 114 132 188 221 187 85 41 -716 -346 -265 -154 -114
EPS in Rs 7.00 6.63 7.70 10.95 12.86 10.89 4.96 2.39 -41.75 -20.19 -15.43 -8.95 -6.63
Dividend Payout % 10% 11% 9% 7% 8% 9% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -23%
5 Years: -38%
3 Years: -44%
TTM: -68%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 20%
TTM: 50%
Stock Price CAGR
10 Years: -28%
5 Years: -34%
3 Years: -7%
1 Year: -29%
Return on Equity
10 Years: -4%
5 Years: -20%
3 Years: -23%
Last Year: -19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 15 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 942 1,335 1,472 1,644 1,850 2,017 2,087 2,128 1,411 1,065 984 831 819
1,026 1,098 1,221 1,777 1,485 1,587 1,273 1,332 1,146 1,145 1,053 1,202 1,257
1,042 1,075 785 582 1,019 977 1,259 1,103 1,244 1,131 784 650 570
Total Liabilities 3,025 3,525 3,495 4,020 4,371 4,598 4,636 4,581 3,818 3,358 2,839 2,700 2,663
498 536 593 516 500 494 430 292 193 129 44 23 18
CWIP 0 0 0 7 2 3 4 4 4 4 4 4 5
Investments 521 531 563 569 577 609 558 567 559 576 591 614 616
2,006 2,458 2,339 2,928 3,290 3,491 3,644 3,718 3,062 2,650 2,199 2,059 2,024
Total Assets 3,025 3,525 3,495 4,020 4,371 4,598 4,636 4,581 3,818 3,358 2,839 2,700 2,663

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
462 -36 162 -51 653 200 143 197 183 21 -28 -30
-568 -252 -102 81 -155 -92 423 -74 201 134 106 28
157 237 -59 -35 -499 -92 -575 -128 -375 -166 -79 3
Net Cash Flow 51 -52 1 -5 -1 16 -8 -5 9 -11 -1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 113 111 114 183 166 160 41 93 178 223 137 502
Inventory Days 158 105 54 55 56 85 142 148 187 98
Days Payable 361 225 142 184 203 207 533 542 897 1,283
Cash Conversion Cycle -89 -8 26 54 19 38 -350 -301 -532 -962 137 502
Working Capital Days -17 34 81 79 91 59 163 247 162 55 72 187
ROCE % 14% 13% 12% 11% 12% 12% 8% 6% -17% -6% -4% 1%

Insights

In beta
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Gross Block of Plant & Machinery
Rs. Crores

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Toll Collection - MBCPNL
Rs. Crores
Order Book (Consolidated)
Rs. Crores
Toll Collection - Ahmedabad Ring Road (ARRIL)
Rs. Crores
Historical Road Lane Kilometers Constructed
Lane Kilometers

Shareholding Pattern

Numbers in percentages

7 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
37.69% 37.69% 37.69% 37.79% 36.22% 36.22% 36.22% 36.22% 36.22% 36.22% 25.53% 25.53%
0.10% 0.10% 0.10% 0.10% 0.30% 0.38% 1.95% 0.54% 0.42% 0.19% 0.50% 0.33%
10.88% 10.88% 10.82% 9.20% 8.92% 8.92% 3.41% 2.14% 0.37% 0.37% 0.01% 0.01%
51.32% 51.31% 51.39% 52.90% 54.57% 54.48% 58.42% 61.11% 62.99% 63.22% 73.97% 74.14%
No. of Shareholders 70,64968,54266,60961,44264,39864,28365,37166,93967,39166,30466,69465,987

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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