Sadbhav Engineering Ltd
Incorporated in 1988, Sadbhav Engineering
Ltd is an EPC contractor of road construction, mining and irrigation[1]
- Market Cap ₹ 123 Cr.
- Current Price ₹ 7.16
- High / Low ₹ 14.7 / 5.87
- Stock P/E
- Book Value ₹ 60.5
- Dividend Yield 0.00 %
- ROCE 2.55 %
- ROE -25.3 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 0.12 times its book value
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 -23.3% over last 3 years.
- Contingent liabilities of Rs.235 Cr.
- Earnings include an other income of Rs.216 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.
Peer comparison
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,970 | 3,186 | 3,320 | 3,505 | 3,549 | 2,252 | 1,624 | 1,226 | 889 | 1,013 | 211 | 168 | 155 | |
| 2,659 | 2,850 | 2,962 | 3,089 | 3,121 | 1,969 | 1,412 | 1,762 | 1,164 | 1,129 | 227 | 148 | 149 | |
| Operating Profit | 311 | 337 | 358 | 417 | 428 | 282 | 211 | -535 | -275 | -116 | -17 | 20 | 6 |
| OPM % | 10% | 11% | 11% | 12% | 12% | 13% | 13% | -44% | -31% | -11% | -8% | 12% | 3.9% |
| 57 | 76 | 85 | 88 | 101 | 130 | 74 | 83 | 140 | 51 | 71 | 228 | 216 | |
| Interest | 140 | 151 | 153 | 191 | 175 | 194 | 190 | 188 | 165 | 171 | 157 | 177 | 162 |
| Depreciation | 82 | 97 | 100 | 98 | 96 | 108 | 94 | 69 | 44 | 26 | 9 | 4 | 2 |
| Profit before tax | 146 | 165 | 190 | 216 | 258 | 110 | 2 | -710 | -344 | -262 | -112 | 67 | 57 |
| 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 | 4 | |
| 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 | 0.23 |
| 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: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -31% |
| 5 Years: | -32% |
| 3 Years: | -28% |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -29% |
| 3 Years: | -23% |
| Last Year: | -25% |
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 7% | 68% | -21% | 177% | 64% | 69% | 95% | -20% | 4% | 15% | 257% | 504% |
Ratios
Standalone / 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 | |||
| Days Payable | 225 | 142 | 184 | 203 | 207 | 533 | 542 | 897 | 1,283 | |||
| Cash Conversion Cycle | -8 | 26 | 54 | 19 | 38 | -350 | -301 | -532 | -962 | 137 | 502 | 582 |
| 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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Employees on Rolls Employees |
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| Lane Kilometers Constructed (Cumulative) Lane kilometers |
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| Number of Operational BOT Toll Projects Projects |
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| Order Book (Total) Rs. crores |
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| Order Book - Irrigation Segment Rs. crores |
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| Order Book - Mining Segment Rs. crores |
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| Order Book - Road/Transport Segment Rs. crores |
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| Number of HAM Under-Construction Projects Projects |
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Extracted by Screener AI
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 37th AGM voting results disclosed; all resolutions approved on September 30, 2026.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement for addendum to Notice of 37th Annual General Meeting schedule to be held on September 30, 2026.
- Closure of Trading Window
- Addendum To Notice Of 37Th Annual General Meeting Schedule To Be Held On September 30, 2026
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2012
from nse
Concalls
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Jul 2021Transcript
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Feb 2021Transcript
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Sep 2020Transcript
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Jul 2020Transcript
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Apr 2020Transcript PPT
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Feb 2018Transcript
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Nov 2017Transcript
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Aug 2017Transcript
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May 2017Transcript
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Nov 2016Transcript
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Sep 2016Transcript
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Apr 2016Transcript
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