As of 6 Nov 2026, Sadbhav Infrastructure Project trades at 64.8× trailing earnings, above the industry P/E of 16.4×, and the shares are 32% below their 52-week high. Sales fell 2.1% a year over 3 years. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹2,592 Cr. It is a small-cap company with a market cap of ₹114 Cr, ranked 114th of 156 Engineering & Construction companies by market cap; the shares fell 18% over the past year.
- ₹3.24
- ₹3.24
- ₹3.24
- ₹3.09
- 3.7 L
Health check
- ReturnsBehind
−17.8% over a year, better than 2 of 7 peers.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- GrowthShrinking
Sales −2.1% 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
- ₹114 Cr
- Small cap
- P/E
- 64.8
- Industry 16.4
- Price to book
- −0.18
- Peers 4.92
- Dividend yield
- 0.00%
- ROE
- n/a
- Peers 17.9%
- ROCE
- n/a
- Peers 19.9%
- Debt to equity
- n/a
- Debt ₹2,592 Cr
- EPS (TTM)
- ₹0.05
- Face value ₹10
- OPM (TTM)
- 50.6%
- Net margin 0.2%
- Sales growth
- +7.5%
- Latest quarter vs a year ago
- Profit growth
- +178.5%
- Latest quarter vs a year ago
- Price to sales
- 0.14
- EV/EBITDA 5.2
Strengths and risks
Strengths
- Quarterly profit up 178.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Negative net worth: liabilities exceed assets.
- P/E of 64.8 against an industry P/E of 16.4.
- 32% below its 52-week high.
- Interest coverage of only 1.9×.
About Sadbhav Infrastructure Project
Sadbhav Infrastructure Project Limited, together with its subsidiaries, engages in the development, construction, operation, and maintenance of infrastructure projects in India. The company constructs and manages roadways and highways. It is also involved in the infrastructure development, including built operate and transfer/hybrid annuity projects and related activities. In addition, the company provides consulting and advisory services; and project…
- Headquarters
- Ahmedabad
- Employees
- 34
- Sector
- Industrials
- ISIN
- INE764L01010
- Website
- sadbhavinfra.co.in
Price range
- Avg volume (3M)
- 1.4 L
- 1-year return
- minus 17.8%
- From 52-week high
- minus 32.4%
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% |
| SADBHINSadbhav Infrastructure Project | 3.24 | plus 4.85% | 114 | 64.8 | 5.4 | – | 55.4% | – | −2.1% | minus 17.8% |
| 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 |
|---|---|---|---|---|---|
| 186 | 181 | 206 | 202 | 200 | |
| 56.9 | 49.7 | 170 | 118 | 52.6 | |
| 129 | 131 | 35.7 | 84 | 148 | |
| 69.4% | 72.6% | 17.4% | 41.7% | 73.7% | |
| 27.3 | 25.1 | 140 | −26.5 | 10.8 | |
| 88.7 | 90.2 | 74.1 | 10.5 | 45.1 | |
| 32.4 | 31.3 | 33.3 | 38.6 | 36.8 | |
| – | – | −140 | 55.2 | −10.9 | |
| 35.6 | 35 | −71.8 | 63.6 | 65.8 | |
| 27.4% | 27.6% | −28.2% | −35.1% | 19.5% | |
| 12 | 10.5 | −109 | 66.8 | 33.4 | |
| 0.34 | 0.30 | -3.10 | 1.90 | 0.95 |
Profit & loss
- Sales CAGR 3Y
- −2.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 821 | 775 | 700 | 770 | |
| – | minus 5.6% | minus 9.7% | +10.0% | |
| 595 | 440 | 264 | 268 | |
| 226 | 334 | 436 | 502 | |
| 27.5% | 43.2% | 62.3% | 65.2% | |
| 397 | 69.4 | 53.1 | 46.7 | |
| 525 | 400 | 332 | 257 | |
| 86.5 | 101 | 118 | 136 | |
| −397 | −461 | −49 | −93.1 | |
| −386 | −558 | −10.2 | 62.4 | |
| 5.4% | 4.5% | −235.1% | 27.7% | |
| −375 | −543 | −75 | −19.9 | |
| -10.65 | -15.42 | -2.13 | -0.56 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 352 | 352 | 352 | 352 | |
| −517 | −919 | −898 | −971 | |
| 4,069 | 3,291 | 3,206 | 2,592 | |
| 3,796 | 2,795 | 2,580 | 2,368 | |
| 7,699 | 5,519 | 5,240 | 4,342 | |
| 1.7 | 1.2 | 0.3 | 0.4 | |
| 122 | 41 | 41 | 41 | |
| 26.3 | 22 | 17.5 | 9.1 | |
| 7,550 | 5,455 | 5,181 | 4,291 | |
| 7,699 | 5,519 | 5,240 | 4,342 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,643 | 1,265 | 606 | 981 | |
| −191 | −29 | −299 | −100 | |
| −1,528 | −1,246 | −315 | −858 | |
| −75 | −9.6 | −8.3 | 23.2 | |
| −57.4 | −1.4 | – | −90.1 | |
| 1,586 | 1,264 | 606 | 891 |
Shareholding pattern
- Promoters70.25%
- Public29.75%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 70.25% | 29.75% | 0.00 | |
| 30 Jun 2026 | 70.25% | 29.75% | 0.00 | |
| 31 Mar 2026 | 70.25% | 29.75% | 0.00 | |
| 31 Dec 2025 | 70.25% | 29.75% | 0.00 | |
| 30 Sep 2025 | 70.25% | 29.75% | – |
Major shareholders
Filings & events
News
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