Sadbhav Engineering Ltd
Incorporated in 1988, Sadbhav Engineering
Ltd is an EPC contractor of road construction, mining and irrigation[1]
- Market Cap ₹ 153 Cr.
- Current Price ₹ 8.89
- High / Low ₹ 15.1 / 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
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.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: | 18% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -30% |
| 5 Years: | -29% |
| 3 Years: | -10% |
| 1 Year: | -38% |
| 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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Employees on Rolls Employees |
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| Lane Kilometers Constructed (Cumulative) Lane kilometers |
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| Order Book (Total) Rs. crores |
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| Number of HAM Under-Construction Projects Projects |
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| Number of Operational BOT Toll Projects Projects |
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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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Extracted by Screener AI
Documents
Announcements
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Closure of Trading Window
- Trading window closes from 27 Aug 2026; reopens 48 hours after 1 Sep board meeting outcome.
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Board Meeting Intimation for Issuance Of Equity Shares And Warrants.
- Board meets on 1 Sep 2026 to consider preferential shares, warrants, and AGM notice.
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Announcement under Regulation 30 (LODR)-Allotment
- Allotted NCDs worth Rs 167.86 crore to SBI and ICICI on 25 Aug 2026.
-
Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 On Signing Of The DEED OF ACCESSION TO Master Restructuring Agreement ('MRA')
- SBI and ICICI Bank accede to Sadbhav’s MRA on 25 Aug 2026 for ₹194.93 crore debt restructuring.
-
Announcement under Regulation 30 (LODR)-Corporate Debt Restructuring
- SBI and ICICI Bank accede to Sadbhav’s MRA, restructuring Rs194.93 crore debt.
Annual reports
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
from nse
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Annual Report 2012
from bse
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