Is Sadbhav Infrastructure Project Ltd (SADBHIN) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sadbhav Infrastructure Project Ltd is a average quality company .

Is Sadbhav Infrastructure Project Ltd (SADBHIN) undervalued or overvalued?

The key valuation ratios of Sadbhav Infrastructure Project Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Sadbhav Infrastructure Project Ltd (SADBHIN) share price return in the past 10 years?

Sadbhav Infrastructure Project Ltd share price has declined -28.1% annually (CAGR) over the past ten years.

Is Sadbhav Infrastructure Project Ltd (SADBHIN) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sadbhav Infrastructure Project Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Sadbhav Infrastructure Project Ltd (SADBHIN)?

Company share prices are keep on changing according to the market conditions. The current trading price of Sadbhav Infrastructure Project Ltd (SADBHIN) on 05-Dec-2025 13:50:00 at 13:50 is 3.74.

What is the market cap of Sadbhav Infrastructure Project Ltd (SADBHIN)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Dec-2025 at 13:50, the market cap of Sadbhav Infrastructure Project stood at Rs. 129.27.

What is the P/E ratio of Sadbhav Infrastructure Project?

The latest standalone P/E ratio of Sadbhav Infrastructure Project as of 05-Dec-2025 is 0.00.

What is the P/B ratio of Sadbhav Infrastructure Project Ltd (SADBHIN)?

The latest standalone P/B ratio of Sadbhav Infrastructure Project Ltd (SADBHIN) as of 05-Dec-2025 is 0.22.

What is the 52-week high and low of Sadbhav Infrastructure Project Ltd (SADBHIN)?

The 52-week high of Sadbhav Infrastructure Project Ltd (SADBHIN) is Rs. 8.54 and the 52-week low is Rs. 3.22.

What is the TTM revenue of Sadbhav Infrastructure Project Ltd (SADBHIN)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sadbhav Infrastructure Project is Rs. 0.00 (Cr.).

Sadbhav Infrastructure Project Ltd (SADBHIN) - Company Profile, Valuation & Financials

Name: Sadbhav Infrastructure Project Ltd (SADBHIN)
Brand: Sadbhav Infrastructure Project

10 Year X-Ray of Sadbhav Infra. Proj:

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 % ⓘ	7.9%	8.3%	10%	11.1%	30.2%	9.8%	13.2%	3.2%	-3.5%	10.5%	-
Value Creation Index ⓘ	-0.4	-0.4	NA	NA	1.2	-0.3	-0.1	NA	NA	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,971	1,348	2,262	3,548	2,270	1,281	962	825	779	704	741
Sales YoY Gr.	-	-31.6%	67.8%	56.8%	-36%	-43.6%	-24.9%	-14.3%	-5.6%	-9.6%	-
Adj EPS ⓘ	-10.9	-10.5	-9.5	-8	-0.5	-8.8	2.4	-2.9	-6.3	-0.1	-1.9
YoY Gr.	-	NA	NA	NA	NA	NA	NA	-220.5%	NA	NA	-
BVPS (₹) ⓘ	12.9	2	-7.6	-15.6	13.2	5.3	6.5	-4.7	-16.1	-15.5	-14
Adj Net Profit ⓘ	-385	-371	-333	-283	-18.3	-308	84.3	-101	-222	-1.8	-67
Cash Flow from Ops. ⓘ	749	777	603	192	285	769	-195	1,643	1,265	606	-
Debt/CF from Ops. ⓘ	10.7	10.8	14.5	51.4	20.9	8.3	-28.5	2.7	2.9	6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-10.8%	-20.9%	-9.9%	-9.6%
Adj EPS ⓘ	NA	NA	-127.6%	NA
BVPSⓘ	-202%	-203.2%	-233.5%	NA
Share Price	-28.1%	-30%	-16.1%	-41.8%

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 % ⓘ	-62.3	-140.6	342.9	69.4	44.4	-94.5	40.5	-317.1	60.7	0.3	12.9
Op. Profit Mgn % ⓘ	33	64.5	46.2	29.6	37.7	29.8	19.5	45.9	42.7	61.6	67.5
Net Profit Mgn % ⓘ	-20.1	-28	-15.1	-8	-1	-24.1	8.8	-11.1	-27.2	-0.3	-9.1
Debt to Equity ⓘ	17.7	119	-32.8	-18	12.8	34.1	24.2	-27.1	-6.5	-6.6	-
Working Cap Days ⓘ	92	136	201	276	631	1,272	2,181	2,669	2,113	1,964	691
Cash Conv. Cycle ⓘ	-14	-51	-57	-70	-148	-246	-314	-323	-166	-137	-238

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.90%

Sales growth has been subdued in last 3 years -9.90%

Sales growth is not so good in last 4 quarters at 5.61%

	Standalone	Consolidated
TTM EPS (₹)	-5.3	-1.9
TTM Sales (₹ Cr.)	0	741
BVPS (₹.) ⓘ	16.4	-14
Reserves (₹ Cr.) ⓘ	227	-846
P/BV ⓘ	0.22	-0.26
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	3.22 / 8.54
All Time Low / High (₹)	2.90 / 157.50
Market Cap (₹ Cr.)	129
Equity (₹ Cr.)	352.2
Face Value (₹)	10
Industry PE ⓘ	29.6

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,971	1,348	2,262	3,548	2,270	1,281	962	825	779	704
Operating Expenses ⓘ	1,322	479	1,218	2,500	1,414	899	775	446	446	270
Manufacturing Costs	1,221	340	1,088	2,350	1,234	801	589	368	338	157
Material Costs	0	25	15	2	0	0	0	0	0	0
Employee Cost	31	42	48	53	49	31	31	29	31	29
Other Costs ⓘ	70	73	67	95	131	67	155	50	78	84
Operating Profit ⓘ	649	869	1,044	1,048	856	382	187	379	333	434
Operating Profit Margin (%)	32.9%	64.5%	46.1%	29.5%	37.7%	29.8%	19.5%	45.9%	42.7%	61.6%
Other Income ⓘ	39	56	60	182	312	329	875	268	98	56
Interest ⓘ	977	1,056	1,141	1,175	1,276	877	850	547	429	335
Depreciation ⓘ	136	221	261	296	293	117	98	86	101	118
Exceptional Items ⓘ	62	0	0	53	1,503	43	-152	-399	-459	-46
Profit Before Tax ⓘ	-363	-352	-297	-187	1,103	-240	-38	-386	-558	-10
Tax ⓘ	-11	8	41	61	73	38	-16	-21	-25	24
Profit After Tax	-353	-360	-338	-248	1,029	-278	-21	-365	-533	-34
PAT Margin (%)	-17.9%	-26.7%	-14.9%	-7.0%	45.3%	-21.7%	-2.2%	-44.2%	-68.5%	-4.9%
Adjusted EPS (₹)	-9.7	-10.0	-9.3	-7.0	29.4	-7.9	-0.6	-10.7	-15.4	-1.0
Dividend Payout Ratio (%)	0%	0%	-5%	-7%	0%	0%	0%	0%	0%	0%

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	455	72	-266	-549	466	187	229	-165	-567	-545
Share Capital ⓘ	352	352	352	352	352	352	352	352	352	352
Reserves ⓘ	103	-281	-618	-901	114	-165	-123	-517	-919	-898
Minority Interest	-7	26	11	-2	0	0	-83	-72	-62	-22
Debt	7,868	8,094	8,407	9,460	5,728	5,688	4,985	3,971	3,128	2,843
Long Term Debt	7,304	7,636	7,838	8,816	5,287	5,036	2,690	1,731	930	642
Short Term Debt	564	458	569	644	441	652	2,294	2,240	2,199	2,201
Trade Payables	77	103	343	716	606	728	552	332	137	130
Others Liabilities ⓘ	1,844	2,141	3,070	3,352	2,497	3,139	3,235	3,634	2,883	2,834
Total Liabilities ⓘ	10,237	10,435	11,566	12,978	9,297	9,743	8,918	7,699	5,519	5,240
Fixed Assets
Gross Block	8,519	10,141	10,152	10,390	4,459	4,460	475	478	479	471
Accumulated Depreciation	382	602	862	1,158	429	519	257	290	327	358
Net Fixed Assets ⓘ	8,137	9,539	9,290	9,231	4,030	3,941	218	188	153	113
CWIP ⓘ	1,579	183	289	93	96	96	0	0	0	0
Investmentsⓘ	26	58	45	100	725	726	176	122	41	41
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	6	1	1	32	31	39	12	27	38	45
Cash Equivalents	89	52	58	73	81	102	167	52	41	46
Others Assetsⓘ	400	602	1,884	3,449	4,335	4,839	8,345	7,310	5,246	4,995
Total Assets ⓘ	10,237	10,435	11,566	12,978	9,297	9,743	8,918	7,699	5,519	5,240

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 ⓘ	749	777	603	192	285	769	-195	1,643	1,265	606
PBT ⓘ	-363	-352	-297	-187	1,103	-240	-38	-386	-558	-10
Adjustment ⓘ	1,077	1,377	1,513	1,546	109	945	1,016	857	982	486
Changes in Working Capital ⓘ	43	-253	-591	-1116	-904	78	-1167	1206	865	174
Tax Paid ⓘ	-7	6	-22	-50	-23	-13	-6	-33	-24	-43
Cash Flow From Investing Activity ⓘ	-1,147	-258	-98	-201	283	85	1,087	-191	-29	-299
Capex	-1,181	-228	-114	-104	-13	-29	1,449	-63	-1	0
Net Investments	57	-31	16	-93	19	18	435	90	-38	-13
Others ⓘ	-23	1	1	-3	277	96	-797	-217	10	-286
Cash Flow From Financing Activityⓘ	315	-556	-500	25	-554	-813	-869	-1,528	-1,246	-315
Net Proceeds from Shares ⓘ	425	-0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	676	377	190	1,024	-60	173	28	-861	-748	-288
Interest Paid ⓘ	-853	-839	-786	-1,050	-1,058	-772	-850	-547	-457	-230
Dividend Paid ⓘ	0	0	-9	-21	-11	0	0	0	0	0
Others ⓘ	67	-94	105	72	574	-214	-47	-120	-42	202
Net Cash Flow ⓘ	-83	-37	5	17	14	42	23	-75	-10	-8

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-57.03	-137.01	N/A	N/A	0	-85.24	-10.23	N/A	N/A	N/A
ROCE (%)	7.86	8.31	N/A	N/A	30.17	9.81	13.18	N/A	N/A	N/A
Asset Turnover Ratio	0.2	0.13	0.21	0.29	0.2	0.13	0.1	0.1	0.12	0.13
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	0.28	N/A	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	2	1	0	2	5	10	10	9	15	22
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	1,335	5,414	0	0	0	0	0	0	0

About Sadbhav Infrastructure Project Ltd

The company was incorporated as Sadbhav Infrastructure Project Limited on January 18, 2007 at Ahmedabad as a public limited company under the Companies Act, 1956. The company obtained a certificate for commencement of business on February 7, 2007. The company is one of the leading road BOT companies in India that specialises in the development, operation and maintenance of highways, roads and related projects. The company, a subsidiary of Sadbhav Engineering (SEL), was incorporated as a developer and operator for highways, road and related projects on a BOT basis. All of its projects are implemented and held through special purpose vehicles, including joint venture entities.

The company has a project portfolio consisting of ten BOT projects of which six road projects are fully operational, one is the partially operational border check posts and the remaining three projects are in various stages of development. Nine of the ten BOT projects are toll projects (including user fee for the border check posts in Maharashtra), while the remaining one is an annuity project.

The company has initiated the process to acquire from SEL, the company corporate Promoter, 74.00% of the outstanding equity interest in MBHPL and 39.00% of the outstanding equity interest in DPTL. This restructuring is in accordance with its overall growth strategy to consolidate all BOT road projects to be developed by the company, in which SEL, its corporate Promoter, has shareholding. The company has also agreed to acquire 60.00% of the outstanding equity interest in DPTL from HCC Concessions and HCC. If these acquisitions are completed, its project portfolio will increase to 12 BOT projects, with seven fully operational projects, one partially operational border check posts project and four projects in various stages of development.

The company benefits significantly from the experience of and relationships established by SEL, its Corporate Promoter. The company generates revenues primarily from toll collection, user fee and annuity receipts. The company also provides operation and maintenance and advisory and project management services to its projects.

Business area of the company

The company is pre-qualified on an annual basis to bid either directly or through joint ventures for DBFOT projects. The company is involved in the development, operation and maintenance of national and state highways and roads in several states in India including Maharashtra, Gujarat, Rajasthan, Karnataka, Haryana, Madhya Pradesh and Telangana and border check posts in the state of Maharashtra.

Major events and milestones

2006-07: the company was incorporated as ‘Sadbhav Infrastructure Project Limited’.

2010-11: The company issued certain Equity Shares and CCCPS aggregating to ? 4,000 million collectively to Xander and Norwest.

2010-11: The company acquired equity shares of BHTPL aggregating to 76.99% of the equity share capital of BHTPL resulting in the company holding 76.99% of the share capital of BHTPL.

2010-11: The company acquired equity shares of ARRIL aggregating to 79.99% of the equity share capital of ARRIL from SEL resulting in the company holding 79.99% of the share capital of ARRIL.

2011-12: The company acquired equity shares of NSEL aggregating to 39% of the equity share capital of NSEL from SREI Venture Capital Trust A/c Infrastructure Project Development Fund resulting in the company and SEL collectively holding 90% of the share capital of NSEL.

2012-13: The company acquired equity shares of AJTL aggregating to 49% of the equity share capital of AJTL from PBA resulting in AJTL becoming itswholly owned subsidiary.

2012-13: The company issued SEL CCDs aggregating to Rs 750 million to SEL, itscorporate Promoter.

2013-14: The company acquired equity shares of NSEL aggregating to 9.99% of the equity share capital of NSEL from SREI Infrastructure Finance Limited resulting in the company and SEL collectively holding 99.99% of the share capital of NSEL.

2014-15: The company issued certain non convertible debentures aggregating to Rs 1,405.40 million to ITCL.

2014-15: The company acquired equity shares of NSEL aggregating to 21% of the equity share capital of NSEL from SEL resulting in the company holding 69.99% of the share capital of NSEL.

2014-15: The company acquired equity shares of BRTPL aggregating to 26% of the equity share capital of BRTPL from SEL resulting in the company holding 100% of the share capital of BRTPL.

2014-15: The company acquired equity shares of MBCPNL aggregating to 50.80% of the equity share capital of MBCPNL from SEL resulting in the company holding 77.82% of the share capital of MBCPNL.

2014-15: The company acquired equity shares of RHTPL aggregating to 26% of the equity share capital of RHTPL from SEL resulting in the company holding 100% of the share capital of RHTPL.

2014-15: The company acquired equity shares of SUTPL aggregating to 26% of the equity share capital of SUTPL from SEL resulting in the company holding 100% of the share capital of SUTPL.

2014-15: The company acquired equity shares of HYTPL aggregating to 39.99% of the equity share capital of HYTPL from GKC resulting in the company holding 99.99% of the share capital of HYTPL.

2014-15: The company issued certain listed, unsecured, rated, redeemable and taxable non convertible debentures aggregating to Rs 1,600 million to various subscribers.

2014-15: The company issued certain non convertible debentures aggregating to Rs 2,000 million to various subscribers.

2014-15: NSEL received rating of ‘AAA(SO)’ from CARE.

2014-15: The company received qualifications from NHAI as bidder for various BOT projects, with the highest estimated project cost being Rs 23,561.6 million.

2015-16: The company acquired equity shares of ARRIL aggregating to 13.99% of the equity share capital of ARRIL from PIPL resulting in the company holding 93.99% of the share capital of ARRIL.

2015-16: The company received annual pre-qualification for national highways projects on DBFOT basis having estimated project cost of Rs 26,500 million.

2015-16: The company acquired equity shares of NSEL aggregating to 29.99% of the equity share capital of NSEL from SEL resulting in the company holding 99.99% of the share capital of NSEL.

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.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Sadbhav Infrastructure Project Ltd (SADBHIN) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

Sadbhav Infra. Proj Share Price

Sadbhav Infrastructure Project Ltd (SADBHIN) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

DeciZen - make an informed investing decision on Sadbhav Infra. Proj Share

Overall Rating ⓘ M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation ⓘ

3. Price Trend

Sadbhav Infrastructure Project stock performance -

Is Sadbhav Infrastructure Project Ltd an attractive stock to invest in?

1. Is Sadbhav Infrastructure Project Ltd a good quality company?

2. Is Sadbhav Infrastructure Project Ltd undervalued or overvalued?

3. Is Sadbhav Infrastructure Project Ltd a good buy now?

10 Year X-Ray of Sadbhav Infra. Proj: Share

Analysis of Financial Track Record

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Recent Performance Summary

Latest Financials - Sadbhav Infrastructure Project Ltd.

Management X-Ray of Sadbhav Infra. Proj: Share

Shareholding Pattern

Promoter's Holding & Share Pledging

Valuation of Sadbhav Infra. Proj - Consolidated Basis Share

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Event Update Share

Analyst's Notes Share

Key Ratios of Sadbhav Infra. Proj Share

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Finance Ratio Share

Sadbhav Infrastructure Project Ltd Stock News Share

Sadbhav Infrastructure Project Ltd FAQs

About Sadbhav Infrastructure Project Ltd Share

DeciZen - make an informed investing decision on Sadbhav Infra. Proj

Overall Rating ⓘ
M-Cap below 500cr. High Risk from low Liquidity

10 Year X-Ray of Sadbhav Infra. Proj:

Management X-Ray of Sadbhav Infra. Proj:

Valuation of Sadbhav Infra. Proj - Consolidated Basis

Event Update

Analyst's Notes

Key Ratios of Sadbhav Infra. Proj

Finance Ratio

Sadbhav Infrastructure Project Ltd Stock News

About Sadbhav Infrastructure Project Ltd