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Last Updated: April 2, 2026, 3:36 am
Author: Getaka|Social: XLinkedIn

Sadbhav Engineering Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹23.87Undervalued by 211.62%vs CMP ₹7.66

P/E (15.0) × ROE (15.0%) × BV (₹13.00) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹42.22Undervalued by 451.17%vs CMP ₹7.66
MoS: +81.9% (Strong)Confidence: 70/100 (High)Models: All 3: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹47.4344%Under (+519.2%)
EV/EBITDAEnterprise₹45.1429%Under (+489.3%)
Revenue MultipleRevenue₹30.2926%Under (+295.4%)
Consensus (3 models)₹42.22100%Undervalued
Key Drivers: EPS CAGR 98.7% lifts DCF — verify sustainability.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 98.7% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

47
Sadbhav Engineering Ltd scores 47/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health19/100 · Weak
ROCE 10.0% AverageROE 0.0% WeakD/E 4.24 High debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 25.5% Stable
Earnings Quality75/100 · Strong
OPM expanding (-8% → 23%) ImprovingWorking capital: -288 days (improving) Efficient
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -19% YoY DecliningOPM: 72.0% (up 20.0% YoY) Margin expansion
Industry Rank55/100 · Moderate
ROCE 10.0% vs industry 6.5% Above peers3Y sales CAGR: -18% 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.

Sadbhav Engineering Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 32.2 | ROCE 10.0% | ROE 0.0% | CFO/NP N/A
Balance Sheet Stress
50/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 4.24x | IntCov 0.0x | Current 0.96x | Borrow/Reserve N/A
Cash Flow Reliability
100/100
Strong
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-166 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.17 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
+44
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -8.0% | Q NP -418.5% | Q OPM +13.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+451.2%((Fair Value - CMP) / CMP) × 100
Borrowings / ReservesN/ALatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.17 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-707Latest shareholder count minus previous count
Quarterly Sales Change-8.0%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-418.5%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+13.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:36 am

Market Cap 131 Cr.
Current Price 7.66
Intrinsic Value₹42.22
High / Low 18.0/5.87
Stock P/E
Book Value 13.0
Dividend Yield0.00 %
ROCE9.98 %
ROE%
Face Value 1.00
PEG Ratio0.00

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

View Share Price Target for Sadbhav Engineering Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Sadbhav Engineering Ltd 131 Cr. 7.66 18.0/5.87 13.00.00 %9.98 %% 1.00
Tarmat Ltd 133 Cr. 52.9 73.9/45.034.4 70.00.00 %1.55 %0.92 % 10.0
Prajay Engineers Syndicate Ltd 135 Cr. 19.3 33.9/16.1 68.90.00 %4.18 %5.52 % 10.0
Parsvnath Developers Ltd 265 Cr. 6.09 27.5/5.94 51.80.00 %0.98 %% 5.00
RPP Infra Projects Ltd 310 Cr. 62.5 179/54.88.31 1120.80 %20.1 %13.9 % 10.0
Industry Average5,206.31 Cr157.2632.18102.960.06%6.53%9.16%7.10

All Competitor Stocks of Sadbhav Engineering Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 432426711438301473301206240290222250230
Expenses 4016415583322457072021051141987510364
Operating Profit 31-21615310756-2349910112691147147166
OPM % 7%-51%22%24%19%-50%33%49%52%32%66%59%72%
Other Income 7624019-225-7087158740-672460-83
Interest 258-7914315114012610810414010594140110
Depreciation 25343332323132313232343234
Profit before tax -17669-4-302-186-305-2653-7-1134335-61
Tax % -2%-15%333%-3%-2%-5%17%12%149%47%27%23%40%
Net Profit -17379-16-293-183-288-3147-16-1653127-86
EPS in Rs -7.70-1.47-0.60-12.25-8.57-15.32-2.081.60-1.56-9.010.710.33-4.23

Last Updated: March 3, 2026, 3:00 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 4:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,7333,4474,0664,4984,9755,2403,4872,2431,9081,7771,9231,036992
Expenses 2,2902,8613,0643,3023,4933,7592,3421,6452,2551,7291,842607440
Operating Profit 4435861,0021,1961,4811,4811,145598-3484881429551
OPM % 16%17%25%27%30%28%33%27%-18%3%4%41%56%
Other Income 152561071541143191,87337775531-18963-66
Interest 4526171,0751,1911,3131,3291,4111,003975661560457450
Depreciation 130223233321358392401211167131127127132
Profit before tax 12-198-199-162-76791,206-239-735-713-795-92-96
Tax % -118%17%11%6%50%168%8%-1%-1%-2%-2%79%
Net Profit 26-235-221-172-114-541,106-237-728-699-780-166-193
EPS in Rs 2.93-10.23-6.02-3.15-0.181.2346.21-9.03-42.18-34.34-36.72-11.04-12.20
Dividend Payout % 24%-7%-12%-24%-555%81%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-1003.85%5.96%22.17%33.72%52.63%2148.15%-121.43%-207.17%3.98%-11.59%78.72%
Change in YoY Net Profit Growth (%)0.00%1009.80%16.21%11.55%18.91%2095.52%-2269.58%-85.74%211.16%-15.57%90.31%

Sadbhav Engineering Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-11%
5 Years:-22%
3 Years:-18%
TTM:-37%
Compounded Profit Growth
10 Years:0%
5 Years:2%
3 Years:19%
TTM:71%
Stock Price CAGR
10 Years:-26%
5 Years:-23%
3 Years:-2%
1 Year:-62%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 1:15 pm

Balance Sheet

Last Updated: December 4, 2025, 1:54 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 15171717171717171717171717
Reserves 1,2581,5209928898748181,5841,428784158-143-258-240
Borrowings 5,5726,9639,00110,08010,05611,1436,7687,1036,1595,1514,1334,1763,676
Other Liabilities 1,0263,4332,7482,8043,9134,0243,8393,8423,9684,3773,0122,7013,216
Total Liabilities 7,87111,93312,75913,79014,86016,00212,20712,39010,9289,7047,0206,6366,669
Fixed Assets 5,2927,7218,73010,0579,7929,7274,4614,234411318198137112
CWIP 7752,0101,579190291969910044445
Investments 12831336048105730730177122111
Other Assets 1,6752,1712,4183,4844,7276,0746,9177,32710,3369,2606,8176,4936,551
Total Assets 7,87111,93312,75913,79014,86016,00212,20712,39010,9289,7047,0206,6366,669

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 7863851,3273661,2742455971,184-3,0951,7801,154290
Cash from Investing Activity + -1,441-1,357-1,376-220-94-41,3111185,252327242
Cash from Financing Activity + 7061,037-21-186-1,126-226-1,947-1,288-2,107-1,870-1,283-330
Net Cash Flow 5264-70-415315-381449-58-572
Free Cash Flow -418-1,024-3031081,0781135971,1996571,7371,199319
CFO/OP 190%77%140%29%93%25%56%201%920%3,674%1,715%73%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow438.00580.00-8.00-9.00-9.00-10.00-5.00591.00-354.0043.0077.00425.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 77727312910276132762795268
Inventory Days 15810654535585142148187983
Days Payable 3752351502432362837039461,1702,018358
Cash Conversion Cycle -140-57-23-60-79-122-549-772-922-1,84152-286
Working Capital Days -2015-25-1726-1147-41-47-89-60-288
ROCE %5%5%9%9%11%12%11%8%5%5%2%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 37.69%37.69%37.69%37.79%36.22%36.22%36.22%36.22%36.22%36.22%25.53%25.53%
FIIs 0.10%0.10%0.10%0.10%0.30%0.38%1.95%0.54%0.42%0.19%0.50%0.33%
DIIs 10.88%10.88%10.82%9.20%8.92%8.92%3.41%2.14%0.37%0.37%0.01%0.01%
Public 51.32%51.31%51.39%52.90%54.57%54.48%58.42%61.11%62.99%63.22%73.97%74.14%
No. of Shareholders 70,64968,54266,60961,44264,39864,28365,37166,93967,39166,30466,69465,987

Shareholding Pattern Chart

No. of Shareholders

Sadbhav Engineering Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan 9,392,742 0.08 20.529,392,7422025-04-22 15:56:530%
HDFC Hybrid Equity Fund - Regular Plan 5,291,784 0.05 11.565,291,7842025-04-22 05:57:460%
Aditya Birla Sun Life Infrastructure Fund 477,045 0.13 1.04477,0452025-04-22 15:56:530%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) -11.04-36.72-34.34-42.18-9.03
Diluted EPS (Rs.) -11.04-36.72-34.34-42.18-9.03
Cash EPS (Rs.) -2.25-38.03-33.13-32.73-1.54
Book Value[Excl.RevalReserv]/Share (Rs.) -14.06-6.7019.5661.89104.00
Book Value[Incl.RevalReserv]/Share (Rs.) -14.06-6.7019.5661.89104.00
Revenue From Operations / Share (Rs.) 60.41112.08103.57111.19130.75
PBDIT / Share (Rs.) 29.9013.1326.0833.3755.49
PBIT / Share (Rs.) 22.505.7018.4523.6443.20
PBT / Share (Rs.) -5.38-46.36-41.58-42.84-13.92
Net Profit / Share (Rs.) -9.66-45.45-40.76-42.45-13.84
NP After MI And SOA / Share (Rs.) -11.04-36.72-34.34-42.18-9.03
PBDIT Margin (%) 49.5011.7125.1830.0142.44
PBIT Margin (%) 37.245.0817.8121.2633.03
PBT Margin (%) -8.91-41.36-40.14-38.52-10.64
Net Profit Margin (%) -15.98-40.55-39.35-38.18-10.58
NP After MI And SOA Margin (%) -18.28-32.76-33.15-37.93-6.90
Return on Networth / Equity (%) 0.000.00-336.18-90.28-10.71
Return on Capital Employeed (%) 67.219.7113.979.728.69
Return On Assets (%) -2.84-8.93-6.03-6.64-1.24
Long Term Debt / Equity (X) -3.09-7.6210.173.723.71
Total Debt / Equity (X) -15.66-29.7827.137.184.24
Asset Turnover Ratio (%) 0.150.220.170.150.19
Current Ratio (X) 0.870.950.970.980.96
Quick Ratio (X) 0.870.950.970.970.93
Inventory Turnover Ratio (X) 209.521.241.751.702.39
Interest Coverage Ratio (X) 1.120.400.670.580.94
Interest Coverage Ratio (Post Tax) (X) 0.680.200.490.420.73
Enterprise Value (Cr.) 3932.334180.434944.226259.747418.18
EV / Net Operating Revenue (X) 3.792.172.783.283.31
EV / EBITDA (X) 7.6618.5611.0510.937.79
MarketCap / Net Operating Revenue (X) 0.170.250.080.230.47
Price / BV (X) -0.76-3.920.840.560.73
Price / Net Operating Revenue (X) 0.170.250.080.230.47
EarningsYield -1.02-1.28-3.97-1.60-0.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Sadbhav Engineering Ltd. is a Public Limited Listed company incorporated on 03/10/1988 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L45400GJ1988PLC011322 and registration number is 011322. Currently Company is involved in the business activities of Construction and maintenance of motorways, streets, roads, other vehicular and pedestrian ways, highways, bridges, tunnels and subways. Company's Total Operating Revenue is Rs. 210.53 Cr. and Equity Capital is Rs. 17.16 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringSadbhav House, Opp. Law Garden Police Chowki, Ahmedabad Gujarat 380006Contact not found
Management
NamePosition Held
Mr. Shashin V PatelChairman & Managing Director
Mr. Jatin ThakkarNon Executive Director
Mrs. Shefali M PatelIndependent Director
Mr. Ambalal C PatelIndependent Director
Dr. Tarang M DesaiIndependent Director

FAQ

What is the intrinsic value of Sadbhav Engineering Ltd and is it undervalued?

As of 05 April 2026, Sadbhav Engineering Ltd's intrinsic value is ₹42.22, which is 451.17% higher than the current market price of ₹7.66, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹13.0), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Sadbhav Engineering Ltd?

Sadbhav Engineering Ltd is trading at ₹7.66 as of 05 April 2026, with a FY2026-2027 high of ₹18.0 and low of ₹5.87. The stock is currently near its 52-week low. Market cap stands at ₹131 Cr..

How does Sadbhav Engineering Ltd's P/E ratio compare to its industry?

Sadbhav Engineering Ltd has a P/E ratio of , which is below the industry average of 32.18. This is broadly in line with or below the industry average.

Is Sadbhav Engineering Ltd financially healthy?

Key indicators for Sadbhav Engineering Ltd: ROCE of 9.98 % is on the lower side compared to the industry average of 6.53%; ROE of % is below ideal levels (industry average: 9.16%). Dividend yield is 0.00 %.

Is Sadbhav Engineering Ltd profitable and how is the profit trend?

Sadbhav Engineering Ltd reported a net profit of ₹-166 Cr in Mar 2025 on revenue of ₹1,036 Cr. Compared to ₹-728 Cr in Mar 2022, the net profit shows a mixed trend.

Does Sadbhav Engineering Ltd pay dividends?

Sadbhav Engineering Ltd has a dividend yield of 0.00 % at the current price of ₹7.66. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Sadbhav Engineering Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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