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Sadbhav Infrastructure Project Limited (SADBHIN) · mywealthgrid

About

Sadbhav Infrastructure Project Limited operates in Civil Construction within the Industrials sector.

Face value: ₹10

Market cap

₹92 Cr

P/E

60.7×

P/B

—

Dividend yield

ROE

—

ROCE

42.4%

Debt / equity

—

OPM

63.7%

EPS (TTM)

₹0.0

Book value

₹-17.6

52-week high

₹4.3

52-week low

₹2.1

₹2.6-33.8%1Y

Beta

1.7

Amplifies index moves

Volatility (1y)

44.9%

Annualised, daily returns

RSI (14)

57.1

Neither overbought nor oversold

Rel. strength (1y)

-42.9%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+High return on capital employed of 25.8%
+Healthy operating margin of 63.7%
+High promoter holding of 70.3% with no pledge

Cons

−Low return on equity of -429% (3-yr avg)
−Revenue shrank over the last 5 years (-9.6% a year)
−Weak interest coverage of 1.6×
−Expensive at 60.7× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

40/100

Business quality: 68
Growth: 47

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

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

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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 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,276	2,270	1,281	962	825	779	704	775
COGS	15	0	0	0	0	0	0	0
	1,203	1,414	899	775	446	446	270	281
	1,058	856	382	187	379	333	434	493
OPM %	46.5%	37.7%	29.8%	19.5%	45.9%	42.7%	61.6%	63.7%
Depreciation	261	293	117	98	87	101	118	136
Interest	1,141	1,276	877	850	547	429	335	264
	46	1,815	372	723	-131	-361	9	-32
Profit before tax	-297	1,103	-240	-38	-386	-558	-10	61
Tax	41	73	38	-16	-21	-25	24	16
Tax %	13.7%	6.7%	15.8%	-43.3%	-5.4%	-4.5%	235.1%	26%
	-338	1,029	-278	-21	-365	-533	-34	45
PAT margin %	-14.9%	45.3%	-21.7%	-2.2%	-44.3%	-68.5%	-4.9%	5.8%
EPS (₹)	-9.3	29.4	-7.9	-0.6	-10.7	-15.4	-2.1	-0.6
EPS adjusted (₹)	—	29.4	-7.9	-0.6	-10.7	-15.4	-2.1	-0.6
Annual report	Annual report for Mar 2018	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 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	311	352	352	352	352	352	352	352	352
Reserves	66	103	—	-165	-123	-517	-919	-898	-971
Minority interest	5	—	—	—	—	—	—	—	44
	6,163	7,868	—	6,301	5,148	4,069	3,291	3,206	2,592
	1,425	1,914	—	3,255	3,541	3,796	2,795	2,580	2,324
Total equity & liabilities	7,969	10,237	—	9,743	8,918	7,699	5,519	5,240	4,342
	5,044	7,932	4,030	3,941	218	188	153	113	68
CWIP	1	1	—	—	—	0	0	0	0
Investments	160	24	—	727	177	123	42	42	42
	2,765	2,280	—	5,075	8,523	7,388	5,324	5,085	4,232
Total assets	7,969	10,237	—	9,743	8,918	7,699	5,519	5,240	4,342

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	46.5%	37.7%	29.8%	19.5%	45.9%	42.7%	61.6%	63.7%
EBIT margin %	35%	24.8%	20.7%	9.3%	35.4%	29.7%	44.9%	46.2%
PAT margin %	-14.9%	45.3%	-21.7%	-2.2%	-44.3%	-68.5%	-4.9%	5.8%
Working capital
Receivable days	—	—	11	5	170	18	23	38
Inventory days	—	—	0	0	0	0	0	0
Payable days	—	—	296	260	272	112	176	103
NWC days	—	—	-285	-255	-102	-94	-152	-64
Leverage
Current ratio	—	—	0.52	0.85	0.85	0.86	0.75	0.77
Debt to EBITDA	—	—	16.5	27.49	10.75	9.9	7.39	5.26
Debt to equity	—	—	33.71	22.47	-24.64	-5.8	-5.88	-4.19
Interest coverage	0.7	0.7	0.7	1.1	1	0.8	1.1	1.6
Asset turnover	—	—	0.13	0.11	0.11	0.14	0.13	0.18
Return ratios
Return on assets %	—	—	-2.9%	-0.2%	-4.7%	-9.7%	-0.7%	1%
Return on capital employed %	—	—	8.8%	17.2%	13.8%	11.8%	23.1%	42.4%
Return on equity %	—	—	-148.9%	-9.3%	221%	94.1%	6.3%	-7.3%

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
	70.34%	70.34%	70.34%	70.31%	69.74%	70.25%	70.25%	70.25%	70.25%	70.25%	70.25%	70.25%
	0.06%	0.06%	0.06%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.66%	0.66%	0.66%	0.66%	0.66%	0.53%	0.39%	0.39%	0.35%	0.12%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	28.94%	28.94%	28.94%	29.03%	29.6%	29.22%	29.36%	29.36%	29.4%	29.63%	29.75%	29.75%
No. of shareholders	—	—	—	—	—	—	—	—	52,883	52,613	53,215	53,022

Promoter holding down 0.09 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
SADBHAV ENGINEERING LIMITEDPromoters	Pledge Revoke	1,13,35,531	₹4.74 cr	69.68% → 69.68%	23 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

2 deals · 17 Aug 2021 – 17 Aug 2021

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Aug 2021	ALPHA LEON ENTERPRISES LLP	Bulk	NSE	Buy	19,05,484	₹23.15	₹4.41 Cr
17 Aug 2021	ALPHA LEON ENTERPRISES LLP	Bulk	NSE	Sell	14,75,492	₹23.41	₹3.45 Cr

1–2 of 2

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. SHASHIN VISHNUBHAI PATELExecutive Director-Chairperson
Mr. Siddharth Bhupendrabhai VyasNon-Executive - Non Independent Director
Mrs. SHEFALI MANOJBHAI PATELNon-Executive - Independent Director
Mr. TARANG MADHUKAR DESAINon-Executive - Independent Director
Mr. AMBALAL CHHITABHAI PATELNon-Executive - Independent Director
Mr. Kaivan Kaushikbhai VoraChief Financial Officer
Mr. Kedar PandyaCompany 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 Infrastructure Project 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

Annual reports

Credit ratings

Please find attached herewith reviewed credit rating under regulation Reg 30 of SEBI (LODR) 2015.12 Sept 2025

Documents link to external sources (exchange filings, company investor pages).

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Events

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

4

Final dividend17 Sept 2019 · ex-date₹0.3
Interim dividend26 Nov 2018 · ex-date₹0.2
Final dividend18 Sept 2018 · ex-date₹0.3
Interim dividend28 Nov 2017 · ex-date₹0.2

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

30 Sept 2026, 8:19 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

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Date	Category	Subject	Filing
30 Sept 2026, 8:19 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
8 Sept 2026, 5:22 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
7 Sept 2026, 9:16 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
7 Sept 2026, 9:08 pm	AGM/EGM AGM	Notice Of 20Th Annual General Meeting Of The Company To Be Held On Wednesday, 30Th September, 2026 Through Video Conferencing (VC) And Other Audio Visual Means (OAVM)	PDF
5 Sept 2026, 10:18 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
5 Sept 2026, 10:15 pm	Company Update General	Please Find Enclosed Comments Made By The Board Of Directors On The Fine Imposed By The Stock Exchange.	PDF
5 Sept 2026, 10:07 pm	AGM/EGM AGM	The Board Approval For Notice Of Annual General Meeting To Be Held On Wednesday, 30Th September, 2026.	PDF
5 Sept 2026, 10:03 pm	Company Update Appointment of Statutory Auditor/s	Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	749	777	603	192	285	769	-725	1,643	1,265	606	981
	-1,147	-258	-98	-201	283	85	2,142	-191	-29	-299	-100
	315	-556	-500	25	-554	-813	-1,394	-1,528	-1,246	-315	-858
Net cash flow	-83	-37	5	17	14	42	23	-75	-10	-8	23
Free cash flow	—	—	—	—	—	769	-725	1,643	1,265	606	981
CFO / Operating profit %	—	—	57%	—	33.3%	201.4%	-387.2%	434%	380.5%	139.8%	198.8%

Sadbhav Infrastructure Project Limited

Sadbhav Infrastructure Project Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

4

1

Announcements

Not in the F&O segment

4

1

No fund holdings on record

Announcements

Annual reports

Credit ratings

Compounded sales growth

Stock price CAGR

Return on equity

Sadbhav Infrastructure Project Limited

Sadbhav Infrastructure Project Limited

About

Risk & technicals

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

Annual reports

Credit ratings

Events

Dividends4

Board meetings1

Announcements

Not in the F&O segment

Dividends4

Board meetings1

Ratio timeline

Quarterly record

Insider dealing

Bulk & block deals

Board and management

No fund holdings on record

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Stock price CAGR

Return on equity

4

1

4

1