Sanmit Infra Ltd (SANINFRA)

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Sanmit Infra Ltd (SANINFRA) · mywealthgrid

About

Sanmit Infra Ltd operates in petroleum refining and marketing within India's energy sector. The company is a small-cap business (₹776.41 Cr market cap) with recent revenue growth from ₹22.18 Cr (Mar 2024) to ₹45.03 Cr (Mar 2025). It maintains conservative leverage (D/E 0.21) typical of capital-intensive refining operations.

Face value: ₹10

Market cap

₹766 Cr

P/E

388.6×

P/B

19.8×

Dividend yield

0.1%

ROE

5.3%

ROCE

8.3%

Debt / equity

0.37

OPM

5.4%

EPS (TTM)

₹0.1

Book value

₹2.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings volatility: Net profit ranged -0.42 Cr to 1.59 Cr over recent quarters; swings create forecasting uncertainty and support an inflated PE multiple of 497.7.
Margin vulnerability: Operating margin 3.41% average with quarterly range 1.05%–19.41%; thin margins mean high sensitivity to crude oil and input cost volatility. Verify: margin drivers, hedging practice.
Valuation risk: PE 497.7 with minimal EPS (0.02–0.15 range, 0 in latest quarter) indicates the market is pricing significant future growth; verify: growth visibility, earnings sustainability.
Speculative investor base: FII/DII at 0%; stock's 363% YTD return and ₹5–₹68 price range suggest illiquid trading. Verify: trading depth, analyst coverage, institutional barriers.

Generated analysis · source review pending

Growth drivers

Revenue doubled (₹45.03 Cr Mar 2025 vs ₹22.18 Cr Mar 2024) from small base; continued volume growth in refining and marketing operations could sustain percentage expansion. Verify: sector demand trends, capacity utilization, market share.
Operating margin recovered from 1.05% (Sep 2024) to 4.69% (Mar 2025); further normalization would drive profit growth. Verify: margin recovery drivers and sustainability.
Financial headroom: D/E at 0.21 provides leverage capacity for growth investment. Verify: capex plans and expansion strategy.

Generated analysis · source review pending

538 historical price candles were omitted because the exchange source has not been verified.

₹48.5+0%1Y

Quick read

rule-based

Pros

+Dividend payout of 28.1% of profit
+High promoter holding of 72.3% with no pledge

Cons

−Low return on equity of 7.6% (3-yr avg)
−Thin operating margin of 5.4%
−Modest revenue growth of 3.9% a year over the last 5 years
−Expensive at 388.6× trailing earnings
−Trading at 19.8× book value

Research score

Structured signal from quality, growth, valuation and momentum.

10/100

Business quality: 23
Growth: 6

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
Reliance IndustriesRELIANCERELIANCE	₹15,80,190 Cr	₹19,54,611 Cr	₹11,38,865 Cr	₹1,83,561 Cr	16.6%	₹74,727 Cr	8.9%	9.6%	9.2%	24
Indian Oil Corporation LimitedIOCIOC	₹1,85,468 Cr	₹3,17,290 Cr	₹9,61,537 Cr	₹67,856 Cr	8.6%	₹33,652 Cr	4.9%	21.1%	20.7%	40
Bharat Petroleum Corporation LimitedBPCLBPCL	₹1,30,415 Cr	₹1,73,897 Cr	₹5,52,733 Cr	₹27,469 Cr	7.9%	₹17,132 Cr	4.9%	27.1%	28.5%	14
Hindustan Petroleum Corporation LimitedHINDPETROHINDPETRO	₹73,409 Cr	₹1,24,308 Cr	₹5,03,898 Cr	₹6,938 Cr	6.4%	₹1,671 Cr	3.8%	23.9%	30.9%	14
Mangalore Refinery And Petrochemicals LimitedMRPLMRPL	₹28,876 Cr	₹43,210 Cr	₹1,25,775 Cr	₹7,374 Cr	5.9%	₹3,137 Cr	1.8%	20.6%	14.2%	37
Chennai Petroleum Corporation LimitedCHENNPETROCHENNPETRO	₹20,048 Cr	₹21,999 Cr	₹89,286 Cr	₹6,213 Cr	6.1%	₹4,174 Cr	4%	37.7%	32.1%	29
Sanmit Infra LtdSANINFRASANINFRA	₹766 Cr	₹780 Cr	₹104 Cr	₹6 Cr	5.4%	₹2 Cr	1.9%	8.3%	5.3%	153
Rajasthan Securities LtdRAJSECRAJSEC	₹455 Cr	₹455 Cr	₹0 Cr	₹0 Cr	55%	₹7 Cr	132.3%	136.9%	106%	121
Resgen LtdRESGENRESGEN	₹92 Cr	—	₹71 Cr	₹14 Cr	19.1%	₹9 Cr	12.3%	—	—	—
Continental Petroleums LtdCONTPTRCONTPTR	₹58 Cr	₹75 Cr	₹113 Cr	₹7 Cr	5.9%	₹4 Cr	4.1%	11.5%	6.3%	200
Real Eco-Energy LtdREALECOREALECO	₹45 Cr	₹63 Cr	₹0 Cr	₹0 Cr	15.7%	₹0 Cr	16.1%	2.2%	6.1%	775
Kotyark Industries LimitedKOTYARKKOTYARK	₹29 Cr	₹94 Cr	₹315 Cr	₹48 Cr	15.2%	₹19 Cr	6.2%	17.3%	10.4%	247

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	—	—	56	120	51	86	146	142	96	146	104
COGS	—	—	-54	-117	-46	80	131	-127	-79	-129	82
Gross profit	—	—	—	—	—	6	15	—	—	—	22
	—	—	110	237	96	4	6	261	166	269	16
	—	—	0	0	2	2	9	8	9	5	6
OPM %	—	—	0.9%	0.3%	3%	2.7%	6.1%	5.4%	9%	3.4%	5.4%
Depreciation	0	—	—	—	0	1	1	1	2	3	3
Interest	—	—	—	—	—	0	1	1	1	1	1
	—	—	—	—	—	1	1	1	0	1	1
Profit before tax	0	0	1	1	1	2	8	7	6	2	3
Tax	—	—	—	—	0	0	2	2	2	1	1
Tax %	—	—	—	—	18.7%	15.8%	19%	22.5%	26.4%	31%	27.2%
	0	0	1	1	1	2	6	5	4	2	2
PAT margin %	—	—	0.9%	0.6%	2.2%	2.1%	4.4%	3.6%	4.6%	1.1%	1.9%
EPS (₹)	—	—	—	—	1.1	1.7	—	—	0.6	—	0.1
EPS adjusted (₹)	—	—	—	—	—	1.7	4.1	3.3	2.8	1	1.3
	—	—	—	—	22.9%	21.2%	—	—	6%	—	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	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 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	11	16	16	16	16	16
Reserves	4	11	16	20	21	23
	4	9	8	9	8	14
	12	5	10	7	17	10
Total equity & liabilities	31	40	50	51	61	63
	3	4	3	10	9	10
CWIP	—	—	2	0	0	0
Investments	0	0	—	—	—	0
	28	36	45	41	52	53
Total assets	31	40	50	51	61	63

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-3	-6	3	9	4	-2
	-2	-3	-2	-7	-1	-3
	6	9	-2	-1	-3	5
Net cash flow	0	-0	-0	0	0	1
Free cash flow	-5	-9	—	—	—	-2
CFO / Operating profit %	-133.2%	-73.3%	45.6%	98%	88.9%	-27.2%

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	6.8%	10.5%	—	—	—	20.9%
EBITDA margin %	0.3%	3%	2.7%	6.1%	5.4%	9%	3.4%	5.4%
EBIT margin %	0.3%	2.6%	1.9%	5.2%	4.4%	7%	1.5%	2.9%
PAT margin %	0.6%	2.2%	2.1%	4.4%	3.6%	4.6%	1.1%	1.9%
Working capital
Receivable days	—	—	91	70	93	132	80	106
Inventory days	—	—	18	21	19	16	39	81
Payable days	—	—	44	9	—	1	1	33
NWC days	—	—	65	81	—	146	118	153
Leverage
Current ratio	—	—	2.7	3.88	—	—	—	2.8
Debt to EBITDA	—	—	1.64	0.96	1.07	1.03	1.56	2.56
Debt to equity	—	—	0.25	0.31	0.26	0.25	0.21	0.37
Interest coverage	—	—	11.2	14.6	10.3	6.8	3.1	3.6
Asset turnover	—	—	2.78	3.62	2.84	1.87	2.39	1.65
Return ratios
Return on assets %	—	—	5.9%	15.8%	10.3%	8.7%	2.6%	3.1%
Return on capital employed %	—	—	11.6%	33%	20.4%	16%	7.1%	8.3%
Return on equity %	—	—	12%	23.6%	16.3%	12.5%	4.3%	5.1%

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
	72.33%	72.33%	72.33%	72.33%	72.33%	72.33%	72.33%	72.33%	72.33%	72.33%	72.33%	72.33%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	27.67%	27.67%	27.67%	27.67%	27.67%	27.67%	27.67%	27.67%	27.67%	27.67%	27.67%	27.67%
No. of shareholders	—	—	—	—	—	—	—	—	42,790	41,593	40,703	31,691

Promoter holding up 0 percentage points since Sep 2023.

8 deals · 10 Jan 2024 – 10 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
10 Jan 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	18,66,432	₹34.18	₹6.38 Cr
10 Jan 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	13,66,422	₹34.17	₹4.67 Cr
10 Jan 2024	SETU SECURITIES PVT. LTD.	Bulk	BSE	Buy	11,67,832	₹34.22	₹4.00 Cr
10 Jan 2024	SETU SECURITIES PVT. LTD.	Bulk	BSE	Sell	9,89,401	₹34.20	₹3.38 Cr
10 Jan 2024	ELAN VENTURES PRIVATE LIMITED	Bulk	BSE	Buy	8,88,000	₹34.19	₹3.04 Cr
10 Jan 2024	ELAN VENTURES PRIVATE LIMITED	Bulk	BSE	Sell	8,88,000	₹34.28	₹3.04 Cr
10 Jan 2024	MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	8,77,482	₹34.24	₹3.00 Cr
10 Jan 2024	MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	5,77,483	₹34.17	₹1.97 Cr

1–8 of 8

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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. ASHOK MADHAVRAO THORATNon-Executive - Independent Director-Chairperson-Shareholder Director
Mrs. MADHAVI PATRI SUBRAMANIANNon-Executive - Independent Director-Shareholder Director
Mr. NANDKUMAR GORKHNATH PATILNon-Executive - Independent Director-Shareholder Director
Mr. SANJAY KANAYALAL MAKHIJAExecutive Director-MD
Mr. KAMAL KANAYALAL MAKHIJAExecutive Director
Mr. HARESH KANAYALAL MAKHIJAExecutive Director
Mr. DINESH KANAYALAL MAKHIJAExecutive Director
Mr. Kamal Kanayalal MakhijaChief Financial Officer
Mrs. Sushama Anuj YadavCompany Secretary and 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 Sanmit Infra Ltd. 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.

5

Final dividend20 Sept 2024 · ex-date₹0.04
Final dividend13 Jul 2023 · ex-date₹0.04
Final dividend21 Sept 2022 · ex-date₹0.35
Final dividend13 Aug 2021 · ex-date₹0.35
Final dividend18 Sept 2020 · ex-date₹0.25

1

Board meeting to consider results14 Aug 2026

1

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

22 announcementsExport CSV

30 Sept 2026, 7:10 pmCompany Update

26TH AGM OUTCOME AND PROCEEDINGS

General PDF

30 Sept 2026, 7:08 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

22 Sept 2026, 5:39 pmBoard Meeting

Board Meeting Intimation for Board Meeting Dated 25/09/2026

Exchange filing PDF

9 Sept 2026, 5:31 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Sept 2026, 5:51 pmCompany Update

LETTER SENT TO SHAREHOLDERS FOR WEBLINK OF ANNUAL REPORT FOR FY 2025-2026

General PDF

7 Sept 2026, 5:50 pmAGM/EGM

26TH AGM ANNUAL REPORT FOR FY 2025-2026

AGM PDF

7 Sept 2026, 5:48 pmOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

7 Sept 2026, 5:43 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
30 Sept 2026, 7:10 pm	Company Update General	26TH AGM OUTCOME AND PROCEEDINGS	PDF
30 Sept 2026, 7:08 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

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Sanmit Infra Ltd

About

Key insights

Key risks

Growth drivers

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

Events

5

1

1

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

5

1

1

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Sanmit Infra Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends5

Board meetings1

Stock splits1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Dividends5

Board meetings1

Stock splits1

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

5

1

1

5

1

1