Sadbhav Infra Proj Ltd.
NSE: SADBHIN · Civil Construction · sector
Key numbers
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹72 cr vs borrowings ₹2,592 cr (FY26): borrowings are higher by ₹2,520 cr.
- Borrowings fell in each of the last 3 years (₹4,069 cr → ₹2,592 cr).
- 42.56% of the promoters' shares are pledged (29.9% of all shares).
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 2,393% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹2.25 on 2026-10-26: -53.0% from the 52-week high, +9.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 163 | 174 | 200 | 186 | 181 | 206 | 202 | 200 |
| EBITDA | 151 | 116 | 27 | 129 | 131 | 9 | 139 | 137 |
| OPM % | 92.4% | 66.9% | 13.4% | 69.4% | 72.6% | 4.2% | 69.0% | 68.3% |
| Other income | 7 | 30 | 14 | 27 | 25 | 27 | -27 | 11 |
| Net profit | 36 | -4 | -86 | 12 | 10 | -109 | 67 | 33 |
| EPS (₹) | 1.08 | -0.11 | -2.44 | 0.34 | 0.30 | -3.10 | 10.90 | 0.95 |
| Revenue YoY | +10.8% | +18.2% | +1.0% | +7.5% | ||||
| Profit YoY | -70.6% | – | – | +178.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 962 | 825 | 779 | 704 | 775 | 789 |
| EBITDA | 36 | -21 | -126 | 387 | 409 | 416 |
| Net profit | -21 | -375 | -543 | -75 | -20 | 2 |
| EPS (₹) | -0.58 | -10.65 | -15.42 | -2.13 | -0.56 | 9.05 |
| Revenue growth | -14.3% | -5.6% | -9.6% | +10.0% | +9.0% | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -2.1% | -9.6% | +9.0% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -39.8% (2y) | -39.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -165 | -567 | -545 | -618 |
| Borrowings | – | 4,069 | 3,291 | 3,206 | 2,592 |
| Cash & equivalents | – | 52 | 41 | 46 | 72 |
| Total assets | – | 7,699 | 5,519 | 5,240 | 4,342 |
| Fixed assets | – | 2 | 1 | 0 | 0 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 122 | 41 | 41 | 41 |
| Receivables | – | 384 | 38 | 45 | 82 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 332 | 137 | 130 | 79 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -725 | 1,643 | 1,265 | 606 | 981 |
| Cash from investing | 2,142 | -191 | -29 | -299 | -100 |
| Cash from financing | -1,394 | -1,528 | -1,246 | -315 | -858 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | -725 | 1,643 | 1,265 | 606 | 981 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 227.1% | 95.8% | 13.7% | 3.2% |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 70.25% |
| FIIs | 0.00% |
| Public (non-institutions) | 29.75% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 70.25% | 70.25% | 70.25% | 70.25% | 70.25% | 70.25% | 70.25% | 70.25% |
| Promoter group | % |
|---|---|
| Sadbhav Engineering Limited | 69.68% |
| Shashin Vishnubhai Patel | 0.58% |
| Public holders above 1% | % |
|---|---|
| Norwest Venture Partners Vii-A-Mauritius | 2.17% |
52,508 shareholders. Pledged: 42.56% of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| SADBHIN | ₹79 cr | 0.2x | – | – | – | 52.8% | -2.1% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-23 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-22 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-17 | Dividend | Annual General Meeting/Dividend - Rs 0.30 Per Share |
| 2018-11-26 | Other | Interim Div - Re 0.20 Per Share |
| 2018-09-18 | Dividend | Annual General Meeting/Dividend Re 0.30 Per Share (Rate Revised) |
| 2017-11-28 | Dividend | Interim Dividend - Re 0.20 Per Share |
| 2017-09-15 | Other | Annual General Meeting |
| 2016-09-20 | Other | Annual General Meeting |
| 2015-12-17 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | SADBHIN |
| BSE code | 539346 |
| ISIN | INE764L01010 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.