As of 6 Nov 2026, Sadbhav Engineering trades at 4.1× trailing earnings, below the industry P/E of 16.4×, and the shares are 51% below their 52-week high. Sales fell 19% a year over 3 years; its ROCE of 67% is the highest among the 7 largest Engineering & Construction peers. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹3,264 Cr. It is a small-cap company with a market cap of ₹123 Cr, ranked 112th of 156 Engineering & Construction companies by market cap; the shares fell 36% over the past year.
- ₹7.40
- ₹7.69
- ₹7.10
- ₹7.40
- 1.6 L
Health check
- ReturnsBehind
−35.9% over a year, better than 1 of 7 peers.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- GrowthShrinking
Sales −19.2% a year over 3 years.
- ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
- Balance sheetStretched
Negative net worth: liabilities exceed assets.
- Red flags4 to check
Negative net worth: liabilities exceed assets.
Small cap
Defensive
Key metrics
- Market cap
- ₹123 Cr
- Small cap
- P/E
- 4.1
- Industry 16.4
- Price to book
- −1.11
- Peers 4.92
- Dividend yield
- 0.00%
- ROE
- n/a
- Peers 17.9%
- ROCE
- 66.6%
- Peers 19.9%
- Debt to equity
- n/a
- Debt ₹3,264 Cr
- EPS (TTM)
- ₹1.74
- Face value ₹1
- OPM (TTM)
- 47.6%
- Net margin 3.1%
- Sales growth
- −8.1%
- Latest quarter vs a year ago
- Profit growth
- +28.5%
- Latest quarter vs a year ago
- Price to sales
- 0.13
- EV/EBITDA 6.3
Strengths and risks
Strengths
- Return on capital employed of 66.6%.
- Quarterly profit up 28.5% on a year ago.
- P/E of 4.1 against an industry P/E of 16.4.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Negative net worth: liabilities exceed assets.
- Quarterly sales down 8.1% on a year ago.
- 51% below its 52-week high.
- Interest coverage of only 1.4×.
About Sadbhav Engineering
Sadbhav Engineering Limited engages in the engineering, procurement, construction, and infrastructure development projects business in India. It undertakes infrastructure facilities in areas of canals, irrigations projects, roads, bridge, mining activities on contract basis, dams that includes civil, electrical and mechanical contractor, designer and engineers, structural contractor, earthwork contractor for repairing, reconstruction, renovation,…
- Headquarters
- Ahmedabad
- Employees
- 128
- Sector
- Industrials
- ISIN
- INE226H01026
- Website
- sadbhaveng.com
Price range
- Avg volume (3M)
- 2.2 L
- 1-year return
- minus 35.9%
- From 52-week high
- minus 51.4%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| SADBHAVSadbhav Engineering | 7.15 | minus 3.38% | 123 | 4.1 | 5.8 | 66.6% | 56.7% | – | −19.2% | minus 35.9% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 222 | 250 | 230 | 271 | 204 | |
| 75.2 | 103 | 147 | 200 | 51.2 | |
| 147 | 147 | 83 | 71.3 | 153 | |
| 66.1% | 58.9% | 36.1% | 26.3% | 74.9% | |
| 23.1 | 55.5 | 129 | −30.9 | 21 | |
| 93.8 | 140 | 110 | 69.8 | 65.9 | |
| 34 | 32.3 | 33.9 | 39 | 37.1 | |
| 0.7 | 5 | −129 | 230 | −10.8 | |
| 42.9 | 35 | −61.4 | 161 | 59.9 | |
| 27.3% | 23.3% | −39.5% | 24.2% | 23.1% | |
| 12.2 | 5.6 | −72.6 | 81.1 | 15.7 | |
| 0.71 | 0.33 | -4.23 | 4.73 | 0.91 |
Profit & loss
- Sales CAGR 3Y
- −19.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,769 | 1,876 | 993 | 931 | |
| – | +6.0% | minus 47.1% | minus 6.2% | |
| 1,703 | 1,402 | 558 | 358 | |
| 65.8 | 474 | 435 | 574 | |
| 3.7% | 25.3% | 43.8% | 61.6% | |
| 696 | 97.1 | 82.3 | 78.3 | |
| 648 | 514 | 444 | 400 | |
| 131 | 127 | 127 | 139 | |
| −696 | −725 | −38.5 | 64.7 | |
| −713 | −795 | −92.4 | 178 | |
| 2.0% | 2.0% | −79.4% | 46.8% | |
| −589 | −630 | −189 | 26.3 | |
| -34.34 | -36.72 | -11.04 | 1.53 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.2 | 17.2 | 17.2 | 17.2 | |
| 158 | −143 | −258 | −128 | |
| 4,753 | 3,735 | 3,705 | 3,264 | |
| 4,841 | 3,440 | 3,203 | 2,707 | |
| 9,769 | 7,049 | 6,667 | 5,860 | |
| 134 | 49.4 | 27.3 | 22.8 | |
| 3.8 | 4.2 | 4.3 | – | |
| 127 | 1.2 | 1.2 | 1.2 | |
| 49.4 | 48 | 36.8 | 31.8 | |
| 9,455 | 6,946 | 6,597 | 5,805 | |
| 9,769 | 7,049 | 6,667 | 5,860 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,780 | 1,306 | 290 | 749 | |
| 31.8 | 71.8 | 41.7 | −70.4 | |
| −1,870 | −1,435 | −330 | −642 | |
| −58.1 | −57.4 | 1.8 | 36.6 | |
| −66.2 | −9.2 | – | −72.3 | |
| 1,714 | 1,297 | 290 | 677 |
Shareholding pattern
- Promoters25.52%
- Public74.48%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 25.52% | 74.48% | 0.00 | |
| 30 Jun 2026 | 25.52% | 74.48% | 0.00 | |
| 31 Mar 2026 | 25.52% | 74.48% | 0.00 | |
| 31 Dec 2025 | 25.52% | 74.48% | 0.00 | |
| 30 Sep 2025 | 25.52% | 74.48% | – |
Major shareholders
Filings & events
News
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