Sadbhav Engineering Limited (SADBHAV)

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Sadbhav Engineering Limited (SADBHAV) · mywealthgrid

About

Sadbhav Engineering operates in civil construction within the industrials sector, with a market cap of ₹141.74 Cr. The company consolidates multiple entities and achieved consolidated revenue of ₹270.94 Cr in Mar 2026. Competitive positioning and market share relative to peers require verification.

Face value: ₹1

Market cap

₹117 Cr

P/E

3.9×

P/B

—

Dividend yield

ROE

—

ROCE

25.5%

Debt / equity

—

OPM

54.6%

EPS (TTM)

₹1.7

Book value

₹-6.5

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Quarterly net profit ranged from -₹85.65 Cr loss (Dec 2025) to ₹121.33 Cr profit (Mar 2026), indicating severe and recurring project-execution volatility
Operating margin swings from -30.77% to 74.91% across periods reflect inconsistent project selection or delivery efficiency
Stock fell 35.37% in one year with PE of 4.76; minimal institutional participation (FII 0.2%, DII 0%) signals market skepticism regarding earnings sustainability
ROE and debt-to-equity unavailable; return quality and financial leverage cannot be assessed from public data

Generated analysis · source review pending

Growth drivers

Consolidated revenue reached ₹270.94 Cr (Mar 2026) and ₹249.89 Cr (Sep 2025); verify whether order pipeline supports continuity at this scale
Operating margin of 74.91% (Jun 2026 consolidated) demonstrates efficiency is achievable; assess project mix and contract terms to evaluate sustaining higher margins
Net profit of ₹121.33 Cr (Mar 2026) and ₹46.1 Cr (Jun 2026 consolidated) prove profitability structure exists; verify whether loss quarters (Dec 2025: -₹85.65 Cr) reflect project cycles or structural challenges

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹6.8-1.9%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 54.6%

Cons

−Low return on equity of -906.3% (3-yr avg)
−Revenue shrank over the last 5 years (-15.4% a year)
−Weak interest coverage of 1.2×
−Low promoter holding of 25.5%
−Promoter holding fell 10.7 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

63/100

Business quality: 57
Growth: 33
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,487	2,243	1,908	1,777	1,923	1,036	973
COGS	0	343	210	123	24	4	3
Gross profit	—	1,901	1,698	1,654	1,899	—	—
	2,345	1,302	2,045	1,606	1,818	616	439
	1,142	598	-348	48	81	417	531
OPM %	32.8%	26.7%	-18.2%	2.7%	4.2%	40.2%	54.6%
Depreciation	401	211	167	131	127	127	139
Interest	1,411	1,003	975	661	560	457	415
	1,876	377	755	31	-189	75	200
Profit before tax	1,206	-239	-735	-713	-795	-92	177
Tax	100	-1	-7	-14	-16	73	83
Tax %	8.3%	-0.6%	-0.9%	-2%	-2%	79.4%	47%
	1,106	-237	-728	-699	-780	-166	94
PAT margin %	31.7%	-10.6%	-38.2%	-39.4%	-40.6%	-16%	9.6%
EPS (₹)	46.2	-9	-42.2	-34.3	-36.7	-11	1.5
EPS adjusted (₹)	46.2	-9	-42.2	-34.3	-36.7	-11	1.5
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	17	17	17	17	17	17	17
Reserves	—	1,428	784	158	-143	-258	-128
Minority interest	—	339	260	160	11	34	102
	—	6,123	5,454	4,775	3,734	3,777	3,264
	—	4,577	4,371	4,714	3,431	3,106	2,606
Total equity & liabilities	—	12,484	10,887	9,824	7,049	6,676	5,860
	4,418	4,233	410	317	196	136	90
CWIP	—	4	4	4	6	4	0
Investments	—	731	178	123	2	2	2
	—	7,517	10,295	9,380	6,846	6,534	5,768
Total assets	—	12,484	10,887	9,824	7,049	6,676	5,860

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	84.7%	89%	93.1%	98.7%	—	—
EBITDA margin %	32.8%	26.7%	-18.2%	2.7%	4.2%	40.2%	54.6%
EBIT margin %	21.3%	17.3%	-27%	-4.7%	-2.4%	28%	40.3%
PAT margin %	31.7%	-10.6%	-38.2%	-39.4%	-40.6%	-16%	9.6%
Working capital
Receivable days	—	27	62	79	52	68	105
Inventory days	—	148	187	98	94	2	1
Payable days	—	946	1,084	2,018	20	257	247
NWC days	—	-772	-835	-1,841	126	-186	-141
Leverage
Current ratio	—	0.93	0.99	0.87	0.94	0.83	1.02
Debt to EBITDA	—	10.24	—	99.55	46.09	9.06	6.14
Debt to equity	—	4.24	6.8	27.25	-29.75	-15.66	-29.44
Interest coverage	0.8	0.7	0.4	0.5	0.2	0.8	1.2
Asset turnover	—	0.18	0.18	0.18	0.27	0.16	0.17
Return ratios
Return on assets %	—	-1.9%	-6.7%	-7.1%	-11.1%	-2.5%	1.6%
Return on capital employed %	—	8.5%	5.7%	6.6%	3.1%	18.1%	25.5%
Return on equity %	—	-16.4%	-90.9%	-399.1%	621.5%	68.7%	-84.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	37.7%	37.79%	36.22%	36.22%	36.22%	36.22%	36.22%	36.22%	25.52%	25.52%	25.52%	25.52%
	0.1%	0.1%	0.3%	0.38%	1.95%	0.54%	0.42%	0.19%	0.5%	0.33%	0.32%	0.2%
	10.82%	9.2%	8.92%	8.92%	3.41%	2.14%	0.37%	0.37%	0.01%	0.01%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	51.38%	52.91%	54.56%	54.48%	58.42%	61.1%	62.99%	63.22%	73.97%	74.14%	74.16%	74.28%
No. of shareholders	—	—	—	—	—	—	—	—	66,694	65,987	64,857	63,739

Promoter holding down 12.18 percentage points since Sep 2023.

2 disclosures

Person	Deal	Shares	Value	Holding	Filed
Late Shantaben Vishnubhai PatelPromoters	Pledge Revoke	8,78,583	₹1.19 cr	6.02% → 6.02%	23 Sept 20257(2)
Shashin Vishnubhai PatelPromoter Group	Pledge InvokeOff Market	15,79,730	₹2.21 cr

71 deals · 22 Sept 2021 – 30 Jan 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Jan 2025	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	9,33,077	₹18.80	₹1.75 Cr
30 Jan 2025	CRONY VYAPAR PVT LTD	Bulk	NSE	Sell	6,87,461	₹18.86	₹1.30 Cr
29 Jan 2025	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	13,45,352	₹18.59	₹2.50 Cr
29 Jan 2025	CRONY VYAPAR PVT LTD	Bulk	NSE	Sell	12,41,024	₹18.55	₹2.30 Cr
28 Jan 2025	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	18,18,408	₹18.18	₹3.31 Cr
28 Jan 2025	CRONY VYAPAR PVT LTD	Bulk	NSE	Sell	9,81,191	₹18.27	₹1.79 Cr
3 Oct 2024	SAHASTRAA ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	10,49,641	₹36.83	₹3.87 Cr
3 Oct 2024	SAHASTRAA ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	10,49,641	₹36.83	₹3.87 Cr
1 Oct 2024	SETU SECURITIES PVT LTD	Bulk	NSE	Sell	14,86,917	₹35.04	₹5.21 Cr
1 Oct 2024	SETU SECURITIES PVT LTD	Bulk	NSE	Buy	5,29,629	₹35.07	₹1.86 Cr

1–10 of 71

1 / 8

Mr. Shashin Vishnubhai PatelExecutive Director-Chairperson-MD
Mr. Siddharth Bhupendrabhai VyasNon-Executive - Non Independent Director
Mr. Tarang Madhukar DesaiNon-Executive - Independent Director
Mr. Ambalal Chhitabhai PatelNon-Executive - Independent Director
Mrs. Shefali Manojbhai PatelNon-Executive - Independent Director
Mr. Hitesh ChelaniChief Financial Officer
Mrs. Radhika Bhavin TannaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Sadbhav Engineering Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

20 announcementsExport CSV

30 Sept 2026, 8:23 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	84.7%	89%	93.1%	98.7%	—	—
EBITDA margin %	32.8%	26.7%	-18.2%	2.7%	4.2%	40.2%	54.6%
EBIT margin %	21.3%	17.3%	-27%	-4.7%	-2.4%	28%	40.3%
PAT margin %	31.7%	-10.6%	-38.2%	-39.4%	-40.6%	-16%	9.6%
Working capital
Receivable days	—	27	62	79	52	68	105
Inventory days	—	148	187	98	94	2	1
Payable days	—	946	1,084	2,018	20	257	247
NWC days	—	-772	-835	-1,841	126	-186	-141
Leverage
Current ratio	—	0.93	0.99	0.87	0.94	0.83	1.02
Debt to EBITDA	—	10.24	—	99.55	46.09	9.06	6.14
Debt to equity	—	4.24	6.8	27.25	-29.75	-15.66	-29.44
Interest coverage	0.8	0.7	0.4	0.5	0.2	0.8	1.2
Asset turnover	—	0.18	0.18	0.18	0.27	0.16	0.17
Return ratios
Return on assets %	—	-1.9%	-6.7%	-7.1%	-11.1%	-2.5%	1.6%
Return on capital employed %	—	8.5%	5.7%	6.6%	3.1%	18.1%	25.5%
Return on equity %	—	-16.4%	-90.9%	-399.1%	621.5%	68.7%	-84.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Larsen & ToubroLTLT	₹5,05,996 Cr	₹6,27,679 Cr	₹2,90,137 Cr	₹28,950 Cr	10.2%	₹16,590 Cr	6.6%	15.4%	15.5%	-142
Rail Vikas Nigam LimitedRVNLRVNL	₹41,075 Cr	₹45,888 Cr	₹20,825 Cr	₹891 Cr	3.8%	₹900 Cr	4.3%	10.2%	9%	66
Kalpataru Projects International LimitedKPILKPIL	₹23,167 Cr	₹26,474 Cr	₹27,380 Cr	₹2,277 Cr	8.3%	₹1,136 Cr	3.8%	20.3%	14.6%	-94
Nbcc (India) LimitedNBCCNBCC	₹20,898 Cr	₹20,898 Cr	₹12,752 Cr	₹656 Cr	4.8%	₹743 Cr	5.8%	29.3%	26.2%	-7,663
Irb Infrastructure Developers LimitedIRBIRB	₹20,533 Cr	₹40,541 Cr	₹7,686 Cr	₹4,182 Cr	52.1%	₹954 Cr	11.1%	6.1%	4.2%	67
Cemindia Projects LimitedCEMPROCEMPRO	₹20,254 Cr	₹21,120 Cr	₹10,185 Cr	₹1,058 Cr	10.2%	₹602 Cr	5.9%	44.8%	28.2%	-110
Engineers India LimitedENGINERSINENGINERSIN	₹17,577 Cr	₹17,577 Cr	₹3,878 Cr	₹750 Cr	17.7%	₹784 Cr	17.6%	28.8%	23.8%	-22
Techno Electric & Engineering Company LimitedTECHNOETECHNOE	₹11,614 Cr	₹11,686 Cr	₹3,356 Cr	₹469 Cr	14.2%	₹431 Cr	14.6%	13.6%	12%	-33
Ircon International LimitedIRCONIRCON	₹10,369 Cr	₹16,033 Cr	₹9,241 Cr	₹771 Cr	8.4%	₹524 Cr	6.5%	7.8%	9.2%	-469
Rites LimitedRITESRITES	₹10,068 Cr	₹10,068 Cr	₹2,458 Cr	₹555 Cr	22.9%	₹417 Cr	18.8%	19.3%	15.4%	-2,276
Welspun Enterprises LimitedWELENTWELENT	₹10,026 Cr	₹11,998 Cr	₹3,544 Cr	₹716 Cr	20.7%	₹308 Cr	10.9%	17.3%	12.5%	-422
Kec International LimitedKECKEC	₹9,912 Cr	₹15,015 Cr	₹23,506 Cr	₹1,599 Cr	7.1%	₹554 Cr	2.6%	23.1%	10.5%	-132

Date	Category	Subject	Filing
30 Sept 2026, 8:23 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
8 Sept 2026, 4:51 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
7 Sept 2026, 9:18 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
7 Sept 2026, 9:09 pm	AGM/EGM AGM	Notice Of 37Th Annual General Meeting Of The Company	PDF
5 Sept 2026, 7:50 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
1 Sept 2026, 11:01 pm	AGM/EGM AGM	Enclosed Herewith The Board Approval For Notice Of Annual General Meeting To Be Held On Wednesday, 30Th September, 2026.	PDF
1 Sept 2026, 10:56 pm	Company Update Issue of Securities	Announcement under Regulation 30 (LODR)-Issue of Securities	PDF
1 Sept 2026, 10:53 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Enclosed Outcome Of Meeting Of Board Of Directors Held Today I.E. On 1St September, 2026	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,327	366	1,274	245	597	1,184	-3,096	1,766	1,154	300	749
	-1,376	-220	-94	-4	1,311	118	5,253	32	72	32	-70
	-21	-186	-1,126	-226	-1,947	-1,288	-2,107	-1,848	-1,283	-330	-642
Net cash flow	-70	-41	53	15	-38	14	49	-50	-57	2	37
Free cash flow	-323	—	—	—	—	1,169	-6,799	1,700	1,144	299	677
CFO / Operating profit %	—	—	—	—	52.3%	198%	—	—	—	71.9%	141%

Sadbhav Engineering Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Announcements

Annual reports

Dividends13

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

13

1

1