Bhanderi Infracon Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Bhanderi Infracon Ltd?

Bhanderi Infracon Ltd is trading at 140.00 as of 13 April 2026, with a FY2026-2027 high of 160 and low of 125. The stock is currently in the middle of its 52-week range. Market cap stands at 36.4 Cr..

Q: How does Bhanderi Infracon Ltd's P/E ratio compare to its industry?

Bhanderi Infracon Ltd has a P/E ratio of 31.9, which is above the industry average of 26.74. The premium over industry average may reflect growth expectations.

Q: Is Bhanderi Infracon Ltd financially healthy?

Key indicators: ROCE of 3.87 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Bhanderi Infracon Ltd profitable and how is the profit trend?

Bhanderi Infracon Ltd reported a net profit of 2 Cr in Mar 2025 on revenue of 5 Cr. Compared to 0 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹134.32Fairly Valued by 4.06%vs CMP ₹140.00

P/E (31.9) × ROE (5.0%) × BV (₹103.00) × DY (2.00%)

₹105.90Overvalued by 24.36%vs CMP ₹140.00

MoS: -32.2% (Negative)Confidence: 53/100 (Moderate)Models: 1 Under, 5 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹173.25	34%	Under (+23.8%)
Graham Number	Earnings	₹100.87	25%	Over (-28%)
Net Asset Value	Assets	₹102.46	11%	Over (-26.8%)
Earnings Yield	Earnings	₹43.90	11%	Over (-68.6%)
ROCE Capital	Returns	₹28.94	11%	Over (-79.3%)
Revenue Multiple	Revenue	₹30.23	8%	Over (-78.4%)
Consensus (6 models)		₹105.90	100%	Overvalued

Key Drivers: EPS CAGR 29.0% lifts DCF — verify sustainability. | Wide model spread (₹29–₹173) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 29.0%

*Investments are subject to market risks

Investment Snapshot

Bhanderi Infracon Ltd scores 44/100 (Weak)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health45/100 · Moderate

ROCE 3.9% WeakROE 5.0% WeakD/E 0.39 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

Promoter holding at 57.0% Stable

Earnings Quality55/100 · Moderate

OPM expanding (-2% → 19%) ImprovingWorking capital: 1,895 days Capital intensive

Quarterly Momentum43/100 · Moderate

Revenue (4Q): -28% YoY DecliningProfit (4Q): +13% YoY Positive

Industry Rank20/100 · Weak

P/E 31.9 vs industry 36.6 In-lineROCE 3.9% vs industry 16.4% Below peersROE 5.0% vs industry 21.4% Below peers3Y sales CAGR: -7% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: March 20, 2026, 4:44 am

Market Cap	36.4 Cr.
Current Price	140
Intrinsic Value	₹105.90
High / Low	160/125
Stock P/E	31.9
Book Value	103
Dividend Yield	0.00 %
ROCE	3.87 %
ROE	5.01 %
Face Value	10.0
PEG Ratio	1.10

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Bhanderi Infracon Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Bhanderi Infracon Ltd	36.4 Cr.	140	160/125	31.9	103	0.00 %	3.87 %	5.01 %	10.0
BSEL ALGO Ltd	30.9 Cr.	3.57	8.88/3.17	31.2	56.7	0.00 %	2.88 %	2.15 %	10.0
ITD Cementation India Ltd	13,472 Cr.	784	944/468	32.9	107	0.25 %	27.6 %	21.8 %	1.00
Binayaka Tex Processors Ltd	162 Cr.	2,284	2,917/1,799	33.5	1,365	0.00 %	7.02 %	2.94 %	10.0
NBCC (India) Ltd	22,353 Cr.	82.8	131/75.0	35.5	9.34	0.81 %	32.1 %	24.1 %	1.00
Industry Average	3,374.20 Cr	159.12		36.56	125.44	0.20%	16.37%	21.40%	21.58

All Competitor Stocks of Bhanderi Infracon Ltd

Quarterly Result

Metric	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Sales	2.13	4.03	2.18	2.78	0.66	5.78	0.65	5.63	1.10	3.05	0.86	4.54	1.04
Expenses	2.15	3.75	3.43	1.17	0.72	5.54	1.17	5.54	0.61	2.81	0.67	3.46	0.59
Operating Profit	-0.02	0.28	-1.25	1.61	-0.06	0.24	-0.52	0.09	0.49	0.24	0.19	1.08	0.45
OPM %	-0.94%	6.95%	-57.34%	57.91%	-9.09%	4.15%	-80.00%	1.60%	44.55%	7.87%	22.09%	23.79%	43.27%
Other Income	0.07	0.03	0.03	0.04	0.02	0.24	0.25	1.10	0.30	0.08	0.58	0.35	0.01
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.01	0.00	0.01	0.00	0.05	0.05	0.01	0.02	0.07	0.04	0.01	0.01
Profit before tax	0.05	0.30	-1.22	1.64	-0.04	0.43	-0.32	1.18	0.77	0.25	0.73	1.42	0.45
Tax %	20.00%	30.00%	3.28%	4.88%	0.00%	13.95%	9.38%	11.02%	0.00%	76.00%	24.66%	21.13%	24.44%
Net Profit	0.03	0.21	-1.26	1.56	-0.04	0.38	-0.35	1.04	0.76	0.06	0.55	1.12	0.33
EPS in Rs	0.12	0.73	-3.54	4.58	-0.15	1.35	-1.39	3.54	2.16	0.19	1.58	3.43	0.96

Last Updated: December 27, 2025, 8:05 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:04 am

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	16.88	15.44	7.68	6.17	4.84	6.44	6.28	4.15	5.24	5.58
Expenses	16.11	14.41	7.18	5.92	4.60	6.25	6.70	3.42	4.12	4.05
Operating Profit	0.77	1.03	0.50	0.25	0.24	0.19	-0.42	0.73	1.12	1.53
OPM %	4.56%	6.67%	6.51%	4.05%	4.96%	2.95%	-6.69%	17.59%	21.37%	27.42%
Other Income	0.00	0.07	0.04	0.10	0.19	0.26	1.35	0.38	1.08	0.36
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.01	0.01	0.01	0.01	0.02	0.05	0.07	0.09	0.05	0.02
Profit before tax	0.76	1.09	0.53	0.34	0.41	0.40	0.86	1.02	2.15	1.87
Tax %	28.95%	23.85%	22.64%	32.35%	26.83%	12.50%	17.44%	19.61%	22.79%
Net Profit	0.53	0.82	0.41	0.23	0.30	0.35	0.71	0.82	1.66	1.45
EPS in Rs	2.61	3.12	1.62	0.85	1.04	1.23	2.23	2.35	4.97	4.39
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	54.72%	-50.00%	-43.90%	30.43%	16.67%	102.86%	15.49%	102.44%
Change in YoY Net Profit Growth (%)	0.00%	-104.72%	6.10%	74.34%	-13.77%	86.19%	-87.36%	86.95%

Bhanderi Infracon Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	-3%
3 Years:	-7%
TTM:	26%

Compounded Profit Growth
10 Years:	%
5 Years:	42%
3 Years:	59%
TTM:	111%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	50%

Return on Equity
10 Years:	%
5 Years:	3%
3 Years:	3%
Last Year:	5%

Last Updated: September 5, 2025, 2:41 pm

Balance Sheet

Last Updated: December 10, 2025, 3:57 am

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	2.03	2.60	2.60	2.60	2.60	2.60	2.60	2.60	2.60	2.60
Reserves	13.83	20.07	20.49	20.71	20.98	21.30	21.86	22.49	23.78	24.04
Borrowings	8.84	16.31	8.30	8.26	9.24	10.30	22.30	20.61	33.25	41.77
Other Liabilities	3.55	8.63	7.36	8.89	7.33	8.32	12.56	16.02	7.26	14.00
Total Liabilities	28.25	47.61	38.75	40.46	40.15	42.52	59.32	61.72	66.89	82.41
Fixed Assets	0.01	0.02	0.02	0.01	0.03	0.31	0.27	0.42	0.22	0.21
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	3.33	12.82	3.02	3.01	3.01	3.72	0.66	0.18	0.77	2.74
Other Assets	24.91	34.77	35.71	37.44	37.11	38.49	58.39	61.12	65.90	79.46
Total Assets	28.25	47.61	38.75	40.46	40.15	42.52	59.32	61.72	66.89	82.41

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	0.28	-3.93	0.04	0.72	-0.18	-0.39	3.34	4.74	-6.89
Cash from Investing Activity +	-2.10	-8.73	9.06	-0.05	-0.03	-0.96	-0.05	0.43	-0.02
Cash from Financing Activity +	2.28	12.36	-8.29	-0.68	1.20	-0.48	-2.31	-5.37	6.58
Net Cash Flow	0.46	-0.30	0.81	0.00	0.99	-1.83	0.98	-0.20	-0.33
Free Cash Flow	0.28	-3.94	0.04	0.71	-0.21	-0.72	3.31	4.50	-6.80
CFO/OP	74%	-352%	38%	248%	-42%	-153%	-814%	662%	-582%

Free Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-8.07	-15.28	-7.80	-8.01	-9.00	-10.11	-22.72	-19.88	-32.13

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	68.33	114.42	238.11	375.65	426.08	492.52	441.72	387.87	321.81
Inventory Days					27,833.86	3,516.22	4,408.08		10,430.58
Days Payable					4,818.00	580.22	119.97		665.42
Cash Conversion Cycle	68.33	114.42	238.11	375.65	23,441.94	3,428.52	4,729.83	387.87	10,086.97
Working Capital Days	257.32	392.19	904.90	1,549.33	1,997.70	1,565.99	2,520.13	2,366.78	1,895.35
ROCE %		3.38%	1.49%	1.08%	1.27%	1.19%	2.04%	2.06%	3.87%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	56.98%	56.98%	56.98%	56.98%	56.98%	56.98%	56.98%	56.98%	56.98%	56.98%	56.98%	56.98%
Public	43.02%	43.02%	43.02%	43.02%	43.02%	43.02%	43.02%	43.02%	43.02%	43.03%	43.03%	43.02%
No. of Shareholders	43	43	48	48	46	49	48	51	49	49	49	51

Shareholding Pattern Chart

No. of Shareholders

Bhanderi Infracon Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	2.36	2.36	2.18	1.20	1.06
Diluted EPS (Rs.)	2.36	2.36	2.18	1.20	1.06
Cash EPS (Rs.)	6.58	3.50	2.96	1.54	1.22
Book Value[Excl.RevalReserv]/Share (Rs.)	101.46	109.54	106.61	92.61	91.45
Book Value[Incl.RevalReserv]/Share (Rs.)	101.46	109.54	106.61	92.61	91.45
Revenue From Operations / Share (Rs.)	20.15	15.96	24.15	24.77	18.65
PBDIT / Share (Rs.)	8.38	4.27	3.54	1.73	1.67
PBIT / Share (Rs.)	8.19	3.92	3.27	1.54	1.61
PBT / Share (Rs.)	8.19	3.92	3.27	1.54	1.61
Net Profit / Share (Rs.)	6.38	3.15	2.69	1.35	1.16
NP After MI And SOA / Share (Rs.)	4.96	2.35	2.19	1.23	1.06
PBDIT Margin (%)	41.60	26.74	14.64	6.98	8.96
PBIT Margin (%)	40.64	24.57	13.53	6.21	8.65
PBT Margin (%)	40.64	24.57	13.53	6.21	8.65
Net Profit Margin (%)	31.67	19.75	11.14	5.43	6.24
NP After MI And SOA Margin (%)	24.61	14.69	9.07	4.96	5.66
Return on Networth / Equity (%)	4.89	2.43	2.33	1.33	1.16
Return on Capital Employeed (%)	7.36	3.57	1.86	1.25	1.32
Return On Assets (%)	1.92	0.98	0.96	0.75	0.68
Long Term Debt / Equity (X)	0.00	0.00	0.72	0.32	0.33
Total Debt / Equity (X)	1.34	0.82	0.91	0.43	0.39
Asset Turnover Ratio (%)	0.08	0.06	0.12	0.15	0.06
Current Ratio (X)	1.74	1.84	4.24	3.68	4.37
Quick Ratio (X)	0.75	0.68	1.73	1.36	1.23
Inventory Turnover Ratio (X)	0.13	0.00	0.00	0.00	0.00
Enterprise Value (Cr.)	68.09	52.58	57.76	43.65	40.70
EV / Net Operating Revenue (X)	12.99	12.67	9.20	6.78	8.40
EV / EBITDA (X)	31.23	47.37	62.78	97.00	93.71
MarketCap / Net Operating Revenue (X)	5.93	7.14	5.33	5.20	6.90
Price / BV (X)	1.18	1.18	1.37	1.40	1.42
Price / Net Operating Revenue (X)	5.93	7.14	5.33	5.20	6.90
EarningsYield	0.04	0.02	0.01	0.01	0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bhanderi Infracon Ltd. is a Public Limited Listed company incorporated on 19/07/2004 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L45201GJ2004PLC044481 and registration number is 044481. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company's Total Operating Revenue is Rs. 0.87 Cr. and Equity Capital is Rs. 2.60 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	B/12, Jabuka Complex, Near Bajrang Ashram, Ahmedabad Gujarat 382350	Contact not found

Management
Name	Position Held
Mr. Sunil Patel Dhirubhai Patel	Managing Director
Mrs. Bhumikaben Sunilbhai Patel	Director
Mr. Lokesh Laxmanbhai Dave	Independent Director
Ms. Shreyaben Milankumar Shah	Independent Director

FAQ

What is the intrinsic value of Bhanderi Infracon Ltd and is it undervalued?

As of 13 April 2026, Bhanderi Infracon Ltd's intrinsic value is ₹105.90, which is 24.36% lower than the current market price of ₹140.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.01 %), book value (₹103), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bhanderi Infracon Ltd?

Bhanderi Infracon Ltd is trading at ₹140.00 as of 13 April 2026, with a FY2026-2027 high of ₹160 and low of ₹125. The stock is currently in the middle of its 52-week range. Market cap stands at ₹36.4 Cr..

How does Bhanderi Infracon Ltd's P/E ratio compare to its industry?

Bhanderi Infracon Ltd has a P/E ratio of 31.9, which is below the industry average of 36.56. This is broadly in line with or below the industry average.

Is Bhanderi Infracon Ltd financially healthy?

Key indicators for Bhanderi Infracon Ltd: ROCE of 3.87 % is on the lower side compared to the industry average of 16.37%; ROE of 5.01 % is below ideal levels (industry average: 21.40%). Dividend yield is 0.00 %.

Is Bhanderi Infracon Ltd profitable and how is the profit trend?

Bhanderi Infracon Ltd reported a net profit of ₹2 Cr in Mar 2025 on revenue of ₹5 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Bhanderi Infracon Ltd pay dividends?

Bhanderi Infracon Ltd has a dividend yield of 0.00 % at the current price of ₹140.00. The company is currently not paying meaningful dividends.