Sadbhav Engineering Ltd

Sadbhav Engineering Ltd

₹ 8.96 -0.78%
19 Jun - close price
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 154 Cr.
  • Current Price 8.96
  • High / Low 18.0 / 5.87
  • Stock P/E
  • Book Value 60.5
  • Dividend Yield 0.00 %
  • ROCE 2.55 %
  • ROE -12.5 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.15 times its book value
  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -36.5% over past five years.
  • Promoter holding is low: 25.5%
  • Company has a low return on equity of -18.8% over last 3 years.
  • Contingent liabilities of Rs.174 Cr.
  • Earnings include an other income of Rs.228 Cr.
  • Company has high debtors of 582 days.
  • Promoter holding has decreased over last 3 years: -12.2%
  • Working capital days have increased from 742 days to 1,967 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
195 405 219 115 275 113 31 30 37 33 41 35 59
503 368 201 140 420 108 31 20 69 15 33 22 77
Operating Profit -309 36 18 -25 -145 5 0 9 -32 18 8 12 -18
OPM % -159% 9% 8% -22% -53% 5% 1% 31% -87% 53% 20% 35% -31%
96 19 30 15 -14 15 30 9 17 21 15 23 169
Interest 42 42 42 45 41 40 34 41 42 38 39 39 62
Depreciation 9 8 7 6 5 3 2 2 2 2 1 1 0
Profit before tax -264 6 -1 -62 -205 -22 -6 -25 -59 -0 -17 -5 89
Tax % 2% 83% 475% -0% -2% 0% 23% 7% 65% 0% -34% 0% 67%
-269 1 -3 -62 -201 -22 -7 -27 -98 -0 -11 -5 29
EPS in Rs -15.68 0.06 -0.19 -3.60 -11.70 -1.29 -0.42 -1.56 -5.69 -0.02 -0.64 -0.28 1.72
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,970 3,186 3,320 3,505 3,549 2,252 1,624 1,226 889 1,013 211 168
2,659 2,850 2,962 3,089 3,121 1,969 1,412 1,762 1,164 1,129 227 148
Operating Profit 311 337 358 417 428 282 211 -535 -275 -116 -17 20
OPM % 10% 11% 11% 12% 12% 13% 13% -44% -31% -11% -8% 12%
57 76 85 88 101 130 74 83 140 51 71 228
Interest 140 151 153 191 175 194 190 188 165 171 157 177
Depreciation 82 97 100 98 96 108 94 69 44 26 9 4
Profit before tax 146 165 190 216 258 110 2 -710 -344 -262 -112 67
Tax % 22% 20% 1% -2% 28% 22% -2,548% 1% 1% 1% 37% 80%
114 132 188 221 187 85 41 -716 -346 -265 -154 13
EPS in Rs 6.63 7.70 10.95 12.86 10.89 4.96 2.39 -41.75 -20.19 -15.43 -8.95 0.78
Dividend Payout % 11% 9% 7% 8% 9% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -26%
5 Years: -36%
3 Years: -43%
TTM: -20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 18%
TTM: 34%
Stock Price CAGR
10 Years: -29%
5 Years: -35%
3 Years: -7%
1 Year: -28%
Return on Equity
10 Years: -6%
5 Years: -26%
3 Years: -19%
Last Year: -12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 1,335 1,472 1,644 1,850 2,017 2,087 2,128 1,411 1,065 984 831 1,021
1,098 1,221 1,777 1,485 1,587 1,273 1,332 1,146 1,145 1,053 1,202 1,052
1,075 785 582 1,019 977 1,259 1,103 1,244 1,131 784 650 330
Total Liabilities 3,525 3,495 4,020 4,371 4,598 4,636 4,581 3,818 3,358 2,839 2,700 2,419
536 593 516 500 494 430 292 193 129 44 23 22
CWIP 0 0 7 2 3 4 4 4 4 4 4 0
Investments 531 563 569 577 609 558 567 559 576 591 614 637
2,458 2,339 2,928 3,290 3,491 3,644 3,718 3,062 2,650 2,199 2,059 1,759
Total Assets 3,525 3,495 4,020 4,371 4,598 4,636 4,581 3,818 3,358 2,839 2,700 2,419

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-36 162 -51 653 200 143 197 183 21 -28 -30 123
-252 -102 81 -155 -92 423 -74 201 134 106 28 42
237 -59 -35 -499 -92 -575 -128 -375 -166 -79 3 -146
Net Cash Flow -52 1 -5 -1 16 -8 -5 9 -11 -1 -0 19
Free Cash Flow -185 64 -83 575 104 148 221 227 45 17 -3 141
CFO/OP 7% 68% -21% 177% 64% 69% 95% -20% 4% 15% 257% 619%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 111 114 183 166 160 41 93 178 223 137 502 582
Inventory Days 105 54 55 56 85 142 148 187 98 5
Days Payable 225 142 184 203 207 533 542 897 1,283 954
Cash Conversion Cycle -8 26 54 19 38 -350 -301 -532 -962 137 502 -367
Working Capital Days 34 81 79 91 59 163 247 162 55 72 187 1,967
ROCE % 13% 12% 11% 12% 12% 8% 6% -17% -6% -4% 1% 3%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 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

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
37.69% 37.69% 37.79% 36.22% 36.22% 36.22% 36.22% 36.22% 36.22% 25.53% 25.53% 25.53%
0.10% 0.10% 0.10% 0.30% 0.38% 1.95% 0.54% 0.42% 0.19% 0.50% 0.33% 0.32%
10.88% 10.82% 9.20% 8.92% 8.92% 3.41% 2.14% 0.37% 0.37% 0.01% 0.01% 0.00%
51.31% 51.39% 52.90% 54.57% 54.48% 58.42% 61.11% 62.99% 63.22% 73.97% 74.14% 74.16%
No. of Shareholders 68,54266,60961,44264,39864,28365,37166,93967,39166,30466,69465,98764,857

* 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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