Is Bhanderi Infracon Ltd (538576) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bhanderi Infracon Ltd is a below average quality company .

Is Bhanderi Infracon Ltd (538576) undervalued or overvalued?

The key valuation ratios of Bhanderi Infracon Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Bhanderi Infracon Ltd (538576) share price return in the past 10 years?

Bhanderi Infracon Ltd share price has appreciated 1.7% annually (CAGR) over the past ten years.

Is Bhanderi Infracon Ltd (538576) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bhanderi Infracon Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Bhanderi Infracon Ltd (538576)?

Company share prices are keep on changing according to the market conditions. The current trading price of Bhanderi Infracon Ltd (538576) on 19-Mar-2026 16:59:59 at 16:59 is 140.00.

What is the P/E ratio of Bhanderi Infracon?

The latest standalone P/E ratio of Bhanderi Infracon as of 19-Mar-2026 is 39.09.

What is the P/B ratio of Bhanderi Infracon Ltd (538576)?

The latest standalone P/B ratio of Bhanderi Infracon Ltd (538576) as of 19-Mar-2026 is 1.42.

What is the 52-week high and low of Bhanderi Infracon Ltd (538576)?

The 52-week high of Bhanderi Infracon Ltd (538576) is Rs. 160.00 and the 52-week low is Rs. 125.40.

Bhanderi Infracon Ltd (538576) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: Bhanderi Infracon Ltd (538576)
Brand: Bhanderi Infracon

Bhanderi Infracon Ltd (538576) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Bhanderi Infracon Ltd (538576)

BSE: 538576 NSE:

Key Metrics

Market Cap

₹36 Cr.

P/E Ratio

39.09

Price to Book (P/B)

1.42

Price to Sales (P/S)

41.78

EV/EBITDA

32.32

Return on Capital Employed (ROCE)

4.26%

Current Price

₹140

Return on Equity (ROE)

3.69%

Return on Assets (ROA)

3.03%

Operating Profit Margin

-3.4%

Net Profit Margin

106.9%

Gross Profit Margin

139.1%

Book Value per Share

₹98.7

Sales Growth (YoY)

40.32%

Sales Growth (3 Years)

-46.43%

Operating Profit Growth (1 Year)

-275%

Operating Profit Growth (3 Years)

NAN%

Net Profit Growth (1 Year)

126.83%

52-Week Low / High

₹125 / 160

Net Profit Growth (3 Years)

57.07%

Dividend Yield

0.00%

Promoter Holding

56.98%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1

Bhanderi Infracon Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Construction - Real Estate segment.

Q.1 Gross Profit margin of Bhanderi Infracon Ltd?

Bhanderi Infracon Ltd Gross profit margin which is the profit after deduction of direct costs, is 139.1% for FY-2025 , which is above its 5 year median of 0% , indicating increasing margins.

Q.1 Promoter shareholding and pledge status of Bhanderi Infracon Ltd?

Promoters hold 56.98% of the Bhanderi Infracon Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Bhanderi Infracon Ltd vs industry peers?

Bhanderi Infracon Ltd revenue CAGR is -30.69% , compared to the industry median CAGR of 217.77% , indicating slower growth and losing its market share.

Q.1 Stock return of Bhanderi Infracon Ltd over the last decade?

Over the last 9 years, the stock has delivered a CAGR of 1.7% based on the current price.

Q.1 Is Bhanderi Infracon Ltd a good quality company?

Bhanderi Infracon Ltd is a quality company, based on a 10 year financial track record .

DeciZen - make an informed investing decision on Bhanderi Infracon

Based on:

Data

M-Cap below 100cr DeciZen not available

Bhanderi Infracon stock performance

Key Ratios

Is Bhanderi Infracon Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	0.3%	3.3%	3.7%	2%	1.2%	1.1%	1.2%	2.6%	2.2%	4.3%	-
Value Creation Index ⓘ	-1.0	-0.8	-0.7	-0.9	-0.9	-0.9	-0.9	-0.8	-0.8	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2.5	16.9	15.3	7.7	5.4	2.3	5.7	1.1	0.6	0.9	1
Sales YoY Gr.	-	567.2%	-9.1%	-49.9%	-29.2%	-58.6%	151.6%	-80.4%	-44.1%	40.3%	-
Adj EPS ⓘ	0.3	2.6	2.9	1.6	0.8	0.8	0.7	1.1	0.4	1.8	3.6
YoY Gr.	-	956%	8%	-44.6%	-47.5%	-7.2%	-3.9%	43.2%	-60.4%	328.6%	-
BVPS (₹) ⓘ	63.2	65.8	87.3	89	89.7	90.4	91.2	93.4	95	98.6	98.7
Adj Net Profit ⓘ	0.1	0.5	0.7	0.4	0.2	0.2	0.2	0.3	0.1	0.5	1
Cash Flow from Ops. ⓘ	0.2	0.3	3.2	0	-0.3	-0.2	-0.3	-0.8	0.4	-1	-
Debt/CF from Ops. ⓘ	58.5	31.3	3.2	36.8	-5.1	-6.3	-8.7	-1.4	6.3	-2.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-11.2%	-30.7%	-46.4%	40.3%
Adj EPS ⓘ	24.5%	16.8%	34.5%	328.6%
BVPSⓘ	5.1%	1.9%	2.6%	3.7%
Share Price	1.7%	1.7%	2.8%	17.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	0.4	3.7	3.8	1.8	0.9	0.9	0.8	1.2	0.5	1.9	3.6
Op. Profit Mgn % ⓘ	3	4.5	6.3	6.8	4.9	4	4.2	-84.7	6.5	-3.5	17
Net Profit Mgn % ⓘ	2	3.2	4.8	5.3	4	8.9	3.4	24.9	17.6	53.8	107
Debt to Equity ⓘ	0.7	0.7	0.5	0.1	0.1	0.1	0.1	0	0.1	0.1	0
Working Cap Days ⓘ	2,942	488	608	1,285	1,821	4,351	1,779	8,679	14,185	10,069	1,910
Cash Conv. Cycle ⓘ	2,855	429	475	944	1,359	3,371	1,365	7,681	12,211	8,942	867

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	3.6	5
TTM Sales (₹ Cr.)	0.9	5.2
BVPS (₹) ⓘ	98.7	101.6
Reserves (₹ Cr.) ⓘ	23	24
P/BV ⓘ	1.42	1.38
PE ⓘ	39.09	28.18

From the Market
52 Week Low / High (₹)	125.40 / 160.00
All Time Low / High (₹)	78.75 / 160.00
Market Cap (₹ Cr.)	36.4
Equity (₹ Cr.)	2.6
Face Value (₹)	10
Industry PE ⓘ	45.2

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Bhanderi Infracon - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	2.53	16.88	15.34	7.68	5.44	2.25	5.66	1.11	0.62	0.87
Operating Expenses ⓘ +	2.46	16.11	14.37	7.15	5.25	2.16	5.42	2.05	0.58	0.94
Manufacturing Costs	0.80	7.40	4.60	2.14	2.25	0.91	0.50	0.42	0	0.09
Material Costs	1.51	8.34	9.02	4.15	2.29	0.92	4.30	1.21	0.08	0.16
Employee Cost	0.07	0.09	0.35	0.35	0.23	0.16	0.36	0.30	0.30	0.38
Other Costs ⓘ	0.09	0.28	0.41	0.50	0.48	0.17	0.26	0.12	0.20	0.31
Operating Profit ⓘ	0.08	0.76	0.96	0.52	0.19	0.09	0.24	-0.94	0.04	-0.07
Operating Profit Margin (%)	3.0%	4.5%	6.3%	6.8%	3.5%	4.0%	4.2%	-84.7%	6.5%	-8.0%
Other Income ⓘ +	0	0	0.12	0.04	0.10	0.19	0.10	1.68	0.61	1.28
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	0	0	0	0	0	0	0	0	0	0
Depreciation ⓘ	0.01	0.01	0.01	0.01	0.01	0.01	0.04	0.06	0.08	0.03
Profit Before Tax ⓘ	0.07	0.75	1.08	0.56	0.28	0.27	0.30	0.68	0.57	1.18
Tax ⓘ	0.02	0.22	0.27	0.12	0.11	0.07	0.06	0.11	0.16	0.25
Profit After Tax	0.05	0.53	0.81	0.44	0.18	0.20	0.24	0.57	0.41	0.93
PAT Margin (%)	2.0%	3.2%	5.3%	5.7%	3.3%	8.9%	4.2%	51.4%	66.1%	106.9%
Adjusted EPS (₹)	0.3	2.6	3.1	1.7	0.7	0.8	0.9	2.2	1.6	3.6
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	12.82	13.36	22.67	23.11	23.29	23.49	23.72	24.28	24.71	25.63
Share Capital ⓘ	2.03	2.03	2.60	2.60	2.60	2.60	2.60	2.60	2.60	2.60
Reserves ⓘ	10.79	11.33	20.08	20.51	20.69	20.89	21.12	21.68	22.11	23.03
Debt +	8.48	8.84	10.09	1.42	1.37	1.33	2.43	1.06	2.34	2.78
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	8.48	8.84	10.09	1.42	1.37	1.33	2.43	1.06	2.34	2.78
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	0.73	3.11	4.04	4.19	3.93	3.63	3.99	0.94	3.39	0.11
Others Liabilities ⓘ	0.23	2.94	3.53	2.86	2.97	2.49	2.52	2.56	0.30	2.16
Total Liabilities ⓘ	22.26	28.24	40.33	31.59	31.56	30.94	32.66	28.84	30.74	30.68
Fixed Assets
Net Fixed Assets ⓘ +	0.02	0.01	0.02	0.02	0.01	0.01	0.30	0.26	0.29	0.13
Gross Block	0.06	0.06	0.07	0.08	0.08	0.09	0.40	0.45	0.56	0.32
Accumulated Depreciation	0.04	0.05	0.05	0.06	0.07	0.08	0.10	0.19	0.27	0.19
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	1.23	3.33	13.24	3.40	3.39	3.39	3.46	3.89	5.91	6.62
Inventories	19.88	20.02	19.77	19.62	19.58	19.58	17.07	16.11	20.10	19.94
Trade Receivables	0.72	3.16	4.84	4.98	5.61	5.30	8.69	7.60	3.51	3.69
Cash Equivalents	0.16	0.62	0.22	1.01	0.99	1.06	0.20	0.60	0.44	0.03
Others Assets ⓘ	0.24	1.11	2.24	2.57	1.97	1.60	2.94	0.38	0.49	0.27
Total Assets ⓘ	22.26	28.24	40.33	31.59	31.56	30.94	32.66	28.84	30.74	30.68

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	0.15	0.28	3.18	0.04	-0.27	-0.21	-0.28	-0.75	0.37	-1.01
PBT ⓘ	0.07	0.75	1.08	0.56	0.28	0.27	0.30	0.68	0.57	1.18
Adjustment ⓘ	0.01	0.01	-0.09	-0.04	0.04	0.01	-0.04	-1.62	-0.52	-1.21
Changes in Working Capital ⓘ	0.14	-0.2	2.5	-0.34	-0.71	-0.43	-0.47	0.26	0.48	-0.82
Tax Paid ⓘ	-0.07	-0.29	-0.30	-0.15	0.12	-0.06	-0.07	-0.07	-0.16	-0.16
Cash Flow From Investing Activity ⓘ +	-0.02	-2.10	-9.82	9.88	-0.05	0	-0.33	-0.03	-1.71	-0.17
Capex	-0.02	0	-0.01	-0	-0.01	0	-0.33	-0.03	-0.11	0.09
Net Investments	0	-2.10	-9.81	9.84	0.01	0	0	0	0	0
Others ⓘ	0	0	-0	0.04	-0.05	0	0	0	-1.60	-0.26
Cash Flow From Financing Activity ⓘ	0	2.28	6.24	-9.13	0.31	0.27	-0.25	1.18	1.18	0.77
Net Proceeds from Shares ⓘ +	0	2.50	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0.36	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	-0.58	6.24	-9.13	0.31	0.27	-0.25	1.18	1.18	0.77
Net Cash Flow ⓘ	0.13	0.46	-0.40	0.79	-0.01	0.06	-0.86	0.40	-0.16	-0.41

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	0.39	4.09	4.5	1.92	0.77	0.86	1.02	2.38	1.67	3.69
ROCE (%)	0.32	3.28	3.74	1.96	1.15	1.09	1.18	2.64	2.18	4.26
Asset Turnover Ratio	0.12	0.67	0.45	0.21	0.17	0.07	0.18	0.04	0.02	0.03
PAT to CFO Conversion(x)	3	0.53	3.93	0.09	-1.5	-1.05	-1.17	-1.32	0.9	-1.09
Working Capital Days
Receivable Days	104	42	95	234	355	885	451	2,678	3,270	1,510
Inventory Days	2,862	432	473	937	1,314	3,176	1,182	5,455	0	8,399
Payable Days	95	84	145	362	648	1,500	323	744	9,878	3,992

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Bhanderi Infracon Ltd FAQs

The current trading price of Bhanderi Infracon on 19-Mar-2026 16:59 is ₹140.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Mar-2026 the market cap of Bhanderi Infracon stood at ₹36.35 Cr

The latest P/E ratio of Bhanderi Infracon as of 18-Mar-2026 is 39.09.

The latest P/B ratio of Bhanderi Infracon as of 18-Mar-2026 is 1.42.

The 52-week high of Bhanderi Infracon is ₹160.0 and the 52-week low is ₹125.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhanderi Infracon is ₹0.87 ( Cr.) .

About Bhanderi Infracon Ltd

The company was incorporated in the year 2004 in the name and style of Bileshwar Industrial Estate Developers, with an idea to develop untapped opportunities viz. buying, selling, development, re-development of properties, investments in joint ventures, investment in partnerships, investment in completed / partially completed / upcoming projects etc.

The promoters undertook the modest activities in the initial years of operations, capitalizing on an excellent opportunity by acquiring Non Agricultural Land at village Odhav and Nikol, Ahmedabad in Public Auction held by Debt Recovery Tribunal (DRT), Ahmedabad vide sale certificate and sale confirmation issued by the Recovery Officer, DRT, Ahmedabad. The total extent of the land acquired was approximately 161,172 square meters. The company had initiated the Joint Development Agreement with Neelkanth Corporation to construct common road, electrification, drainage and all other necessary infrastructure on the said land. The said Joint Development Agreement has been terminated and all Development activities i.e. development of sheds and commercial offices (shops), are presently carried out by the company.

The company is currently engaged in development of Residential Flats and Bungalows under Partnership firms, namely: Tulsi Enterprises and Dharnidhar Developers respectively. â€˜Mahavir Residencyâ€™ is the project undertaken by Tulsi Enterprises located at Mansa around 15 Km from Gandhinagar, Gujarat. The project plan is of building around 300 Residential Flats. The company is 5% stakeholder in Tulsi Enterprises. â€˜Dharnidhar Homesâ€™ is the project of building around 110 luxurious bungalows which has been undertaken by Dharnidhar Developers, located at Nadiad, Gujarat. The company holds 7.5% share in Dharnidhar Developers.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Bhanderi Infracon Ltd (538576) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Bhanderi Infracon Share Price