Sadbhav Infrastructure Project Ltd.

•

sadbhavinfra.co.inBSE: 539346NSE: SADBHIN

Market Cap₹ 89 Cr.

Current Price

High / Low₹ 5 / 2

Stock P/E58.5

Book Value₹ -13

Price to Book-0.27

Dividend Yield0.00 %

ROCE10.5 %

ROE0.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2017 • BOT (Toll Operation & User Fees): 70.6% • Contractual Income: 15.3% • Construction revenue: 14.1%

AI Sector View

AI GENERATED

Construction

Buy

Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.

Confidence

80%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 104.8% YoY, showing strong momentum
Working capital cycle has improved - days down from -235 to -493
Company generates healthy free cash flow

CONS

Net worth is negative - accumulated losses have eroded equity
Company is loss-making at the operating / net level
Company has a low return on equity of -380.7% over last 3 years
Receivables are growing faster than sales - a possible quality concern
Company has a low return on capital employed of 3.4%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.77x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ConstructionInfrastructureEngineering - Construction

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	LT	3915.00	32.47	538651.57	0.97	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	205.00	47.52	42742.91	0.35	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1435.05	21.56	24506.71	0.77	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.64	24.86	23721.19	1.32	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1244.10	35.53	21372.09	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	269.20	19.30	15130.18	1.86	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	972.50	26.24	11310.13	0.72	93.33	-31.44	630.34	19.84	14.86	15.79
8.	WELENT	782.75	35.45	10834.34	0.38	56.36	-44.29	773.72	-8.44	16.44	19.49
9.	KEC	406.45	19.54	10819.70	1.35	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	IRCON	113.20	20.33	10646.64	1.68	92.03	-43.92	1955.83	9.49	10.15	9.81
11.	AFCONS	253.95	64.55	9339.89	0.79	303.00	120.52	26710.00	692.49	12.88	9.42
12.	SADBHIN	2.52	58.51	88.76	0.00	52.95	104.80	200.26	7.51	10.52	73.74

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	240	161	204	174	167	163	174	200	186	181	206	202	200
	135	74	123	114	74	63	58	76	57	50	57	118	134
Operating Profit	105	87	80	60	93	101	116	123	129	131	148	84	66
OPM %	43.90%	53.82%	39.41%	34.64%	55.76%	61.64%	66.86%	61.79%	69.44%	72.55%	72.24%	41.66%	32.89%
	15	-250	-80	-46	5	57	30	-83	27	25	-113	29	22
Interest	111	121	101	96	83	80	103	70	89	90	74	10	45
Depreciation	25	25	26	26	29	29	30	30	32	31	33	39	37
Profit before Tax	-15	-309	-127	-107	-14	49	13	-59	36	35	-72	64	66
Tax %	-39.83%	4.37%	2.92%	12.79%	-15.18%	5.06%	49.96%	-21.56%	27.38%	27.60%	-28.20%	-35.14%	19.53%
Net Profit	0	0	0	0	-16	47	7	-72	26	25	-92	86	53
	-0.66	-8.52	-3.53	-2.71	-0.59	1.01	-0.11	-2.44	0.34	0.30	-3.10	1.90	0.95

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	1,971	1,348	2,262	3,548	2,270	1,281	962	825	779	704	789
	1,322	479	1,218	2,500	1,414	899	775	446	446	270	359
Operating Profit	649	869	1,044	1,048	856	382	187	379	333	434	430
OPM %	32.94%	64.46%	46.15%	29.55%	37.71%	29.82%	19.46%	45.91%	42.70%	61.58%	54.50%
	100	56	60	236	1,815	372	723	-131	-361	9	-37
Interest	977	1,056	1,141	1,175	1,276	877	850	547	429	335	220
Depreciation	136	221	261	296	293	117	98	86	101	118	140
Profit before Tax	-363	-352	-297	-187	1,103	-240	-38	-386	-558	-10	93
Tax %	2.94%	-2.16%	-13.71%	-32.43%	6.66%	-15.85%	43.35%	5.35%	4.46%	-235.12%	22.02%
Net Profit	-353	-360	-338	-248	1,029	-278	-21	-365	-533	-34	72
EPS	0.00	0.00	0.00	0.00	0.00	-7.90	-0.60	-10.65	-15.42	-0.97	—
Dividend Payout %	0.00%	0.00%	-5.35%	-7.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 3%
5 Years:: -21%
3 Years:: -10%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: -31%
5 Years:: -31%
3 Years:: -14%
1 Year:: -43%

RETURN ON EQUITY

10 Years:: -143%
5 Years:: -248%
3 Years:: -381%
Last Year:: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	352	352	352	352	352	352	352	352	352	352
Minority Interest	-7	26	11	-2	0	0	-83	-72	-62	-22
	103	-281	-618	-901	114	-165	-123	-517	-919	-898
	9,212	9,733	10,273	11,650	7,064	7,400	5,183	4,149	3,662	3,545
Trade Payables	77	103	343	716	606	728	552	332	137	130
	500	502	1,205	1,162	1,162	1,427	3,037	3,456	2,350	2,132
Total Liabilities	10,237	10,435	11,566	12,978	9,297	9,743	8,918	7,699	5,519	5,240
	8,137	9,539	9,290	9,231	4,030	3,941	218	188	153	113
	26	58	45	100	725	726	176	122	41	41
	0	0	0	0	0	0	0	0	38	45
Cash & Bank	89	52	58	73	81	102	167	52	41	46
	1,985	786	2,174	3,574	4,461	4,975	8,357	7,337	5,246	4,995
Total Assets	10,237	10,435	11,566	12,978	9,297	9,743	8,918	7,699	5,519	5,240

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	757	771	625	243	308	783	-189	1,677	1,265	606
Cash from Investing	-1,147	-258	-98	-201	283	85	1,087	-191	-29	-299
Cash from Financing	315	-556	-500	25	-554	-813	-869	-1,528	-1,246	-315
	-83	-37	5	17	14	42	23	-75	-10	-8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.31	69.74	70.25	70.25	70.25	70.25	70.25	70.25	70.25
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.66	0.66	0.53	0.39	0.39	0.35	0.12	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	29.03	29.60	29.22	29.36	29.36	29.39	29.63	29.75	29.75

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Copy of Newspaper Publication

2026-09-08 - Sadbhav Infrastructure Project Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-07

Shareholders meeting

2026-09-07 - Sadbhav Infrastructure Project Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Sadbhav Infrastructure Project Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-05

General Updates

2026-09-05 - Sadbhav Infrastructure Project Limited has informed the Exchange about General Updates

2026-09-05

Appointment

2026-09-05 - Sadbhav Infrastructure Project Limited has informed the Exchange regarding Appointment of Mr O R Maloo and Co as Other of the company w.e.f. September 05, 2026.

2026-09-05

Outcome of Board Meeting

2026-09-05 - Sadbhav Infrastructure Project Limited has informed the Exchange regarding Outcome of Board Meeting held on September 05, 2026.

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Sadbhav Infrastructure Project Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-11

Updates

2026-08-11 - Sadbhav Infrastructure Project Limited has informed the Exchange regarding 'The 20th Annual General Meeting of the company wil be held on wednesday, 30th September, 2026'.

2026-08-11

Resignation

2026-08-11 - Sadbhav Infrastructure Project Limited has informed the Exchange regarding Resignation of Ms SGDG and Associates LLP as Other of the company w.e.f. August 12, 2026.

News

Recent coverage and analyst commentary for SADBHIN

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Sadbhav Infrastructure Project Ltd.

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Name

3915.00

32.47

538651.57

0.97

4988.03

15.51

67941.74

6.69

15.98

12.00

RVNL

205.00

47.52

42742.91

0.35

159.52

18.73

4321.23

10.55

10.81

4.41

KPIL

1435.05

21.56

24506.71

0.77

311.53

45.85

6407.97

3.84

18.95

8.77

IRB

19.64

24.86

23721.19

1.32

3062.70

1412.58

21372.72

918.25

7.72

53.93

CEMPRO

1244.10

35.53

21372.09

0.24

140.83

2.64

2720.92

7.02

33.53

10.09

ENGINERSIN

269.20

19.30

15130.18

1.86

157.94

141.49

819.84

-5.80

30.94

20.61

TECHNOE

972.50

26.24

11310.13

0.72

93.33

-31.44

630.34

19.84

14.86

15.79

WELENT

782.75

35.45

10834.34

0.38

56.36

-44.29

773.72

-8.44

16.44

19.49

KEC

406.45

19.54

10819.70

1.35

72.62

-41.72

5023.54

0.01

16.35

5.79

IRCON

113.20

20.33

10646.64

1.68

92.03

-43.92

1955.83

9.49

10.15

9.81

AFCONS

253.95

64.55

9339.89

0.79

303.00

120.52

26710.00

692.49

12.88

9.42

SADBHIN

2.52

58.51

88.76

0.00

52.95

104.80

200.26

7.51

10.52

73.74

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

240

161

204

174

167

163

174

200

186

181

206

202

200

135

123

114

118

134

Operating Profit

105

101

116

123

129

131

148

OPM %

43.90%

53.82%

39.41%

34.64%

55.76%

61.64%

66.86%

61.79%

69.44%

72.55%

72.24%

41.66%

32.89%

-250

-80

-46

-83

-113

Interest

111

121

101

103

Depreciation

Profit before Tax

-15

-309

-127

-107

-14

-59

-72

Tax %

-39.83%

4.37%

2.92%

12.79%

-15.18%

5.06%

49.96%

-21.56%

27.38%

27.60%

-28.20%

-35.14%

19.53%

Net Profit

-16

-72

-92

-0.66

-8.52

-3.53

-2.71

-0.59

1.01

-0.11

-2.44

0.34

0.30

-3.10

1.90

0.95

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

1,971

1,348

2,262

3,548

2,270

1,281

962

825

779

704

789

1,322

479

1,218

2,500

1,414

899

775

446

270

359

Operating Profit

649

869

1,044

1,048

856

382

187

379

333

434

430

OPM %

32.94%

64.46%

46.15%

29.55%

37.71%

29.82%

19.46%

45.91%

42.70%

61.58%

54.50%

100

236

1,815

372

723

-131

-361

-37

Interest

977

1,056

1,141

1,175

1,276

877

850

547

429

335

220

Depreciation

136

221

261

296

293

117

101

118

140

Profit before Tax

-363

-352

-297

-187

1,103

-240

-38

-386

-558

-10

Tax %

2.94%

-2.16%

-13.71%

-32.43%

6.66%

-15.85%

43.35%

5.35%

4.46%

-235.12%

22.02%

Net Profit

-353

-360

-338

-248

1,029

-278

-21

-365

-533

-34

EPS

0.00

-7.90

-0.60

-10.65

-15.42

-0.97

—

Dividend Payout %

0.00%

-5.35%

-7.18%

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

352

Minority Interest

-7

-2

-83

-72

-62

-22

103

-281

-618

-901

114

-165

-123

-517

-919

-898

9,212

9,733

10,273

11,650

7,064

7,400

5,183

4,149

3,662

3,545

Trade Payables

103

343

716

606

728

552

332

137

130

500

502

1,205

1,162

1,427

3,037

3,456

2,350

2,132

Total Liabilities

10,237

10,435

11,566

12,978

9,297

9,743

8,918

7,699

5,519

5,240

8,137

9,539

9,290

9,231

4,030

3,941

218

188

153

113

100

725

726

176

122

Cash & Bank

102

167

1,985

786

2,174

3,574

4,461

4,975

8,357

7,337

5,246

4,995

Total Assets

10,237

10,435

11,566

12,978

9,297

9,743

8,918

7,699

5,519

5,240

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

757

771

625

243

308

783

-189

1,677

1,265

606

Cash from Investing

-1,147

-258

-98

-201

283

1,087

-191

-29

-299

Cash from Financing

315

-556

-500

-554

-813

-869

-1,528

-1,246

-315

-83

-37

-75

-10

-8

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

70.31

69.74

70.25

FIIs

0.00

0.66

0.53

0.39

0.35

0.12

0.00

Government

0.00

29.03

29.60

29.22

29.36

29.39

29.63

29.75

Sadbhav Infrastructure Project Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Sadbhav Infrastructure Project Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI