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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Sadbhav Engineering Ltd

Basic Stock Data

Last Updated: June 17, 2024, 8:15 pm

Market Cap 487 Cr.
Current Price 28.4
High / Low40.4/10.0
Stock P/E
Book Value 7.31
Dividend Yield0.00 %
ROCE2.15 %
ROE1,480 %
Face Value 1.00
PEG Ratio0.00

Competitors of Sadbhav Engineering Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ramky Infrastructure Ltd 4,117 Cr. 5951,009/34713.4 2470.00 %21.1 %19.7 % 10.0
Sobha Ltd 20,687 Cr. 2,1812,220/521421 2650.14 %7.12 %1.96 % 10.0
Ajmera Realty & Infra India Ltd 2,519 Cr. 710887/32624.5 2440.43 %11.7 %12.6 % 10.0
Setubandhan Infrastructure Ltd 12.2 Cr. 0.970.97/0.55135 3.940.00 %0.44 %0.18 % 1.00
Prestige Estates Projects Ltd 77,240 Cr. 1,9271,998/52156.2 2820.08 %14.9 %12.9 % 10.0
Industry Average7,381.53 Cr307.1236.84143.370.10%13.51%12.32%6.74

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales623398337517657500418432426711438301473
Expenses4782942413681,352412274401641558332245707
Operating Profit14610495149-6968814431-21615310756-234
OPM %23%26%28%29%-106%18%35%7%-51%22%24%19%-50%
Other Income1312910787533-19-2667624019-225-7087
Interest266253258165300261221258-79143151140126
Depreciation43404037493636253433323231
Profit before tax-32-160-9633-512-228-378-17669-4-302-186-305
Tax %61%6%0%-17%-2%-4%1%2%-15%-333%3%2%5%
Net Profit-12-150-9639-522-238-373-17379-16-293-183-288
EPS in Rs0.24-6.39-3.761.54-33.62-10.05-15.12-7.70-1.47-0.60-12.25-8.57-15.32

Last Updated: June 9, 2024, 4:13 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:01 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales2,1602,7333,4474,0664,4984,9755,2403,4872,2431,9081,7771,923
Expenses1,8292,2902,8613,0643,3023,4933,7592,3421,6452,2551,7291,842
Operating Profit3314435861,0021,1961,4811,4811,145598-3484881
OPM %15%16%17%25%27%30%28%33%27%-18%3%4%
Other Income163152561071541143191,87337775531-189
Interest3044526171,0751,1911,3131,3291,4111,003975661560
Depreciation171130223233321358392401211167131127
Profit before tax1812-198-199-162-76791,206-239-735-713-795
Tax %237%-118%-17%-11%-6%-50%168%8%1%1%2%2%
Net Profit-3026-235-221-172-114-541,106-237-728-699-780
EPS in Rs0.502.93-10.23-6.02-3.15-0.181.2346.21-9.03-42.18-34.34-36.73
Dividend Payout %121%24%-7%-12%-24%-555%81%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)186.67%-1003.85%5.96%22.17%33.72%52.63%2148.15%-121.43%-207.17%3.98%-11.59%
Change in YoY Net Profit Growth (%)0.00%-1190.51%1009.80%16.21%11.55%18.91%2095.52%-2269.58%-85.74%211.16%-15.57%

Growth

Compounded Sales Growth
10 Years:-3%
5 Years:-18%
3 Years:-5%
TTM:8%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-25%
Stock Price CAGR
10 Years:-18%
5 Years:-36%
3 Years:-28%
1 Year:145%
Return on Equity
10 Years:-20%
5 Years:-37%
3 Years:-75%
Last Year:-1480%

Last Updated: June 17, 2024, 2:45 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital15151517171717171717171717
Reserves1,1581,1951,2351,5209928898748181,5841,428784158109
Borrowings3,4874,5645,5726,9639,00110,08010,05611,1436,7687,1036,1595,1514,507
Other Liabilities9128721,0493,4332,7482,8043,9134,0243,8393,8423,9684,3773,842
Total Liabilities5,5736,6467,87111,93312,75913,79014,86016,00212,20712,39010,9289,7048,475
Fixed Assets1,2523,2045,2927,7218,73010,0579,7929,7274,4614,234411318254
CWIP2,6111,6367752,0101,5791902919699100444
Investments4033128313360481057307301771221
Other Assets1,6701,7741,6752,1712,4183,4844,7276,0746,9177,32710,3369,2608,215
Total Assets5,5736,6467,87111,93312,75913,79014,86016,00212,20712,39010,9289,7048,475

Reserves and Borrowings Chart

Sadbhav Engineering Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 6052127863857873661,2742455971,184-3,0951,788
Cash from Investing Activity -2,031-1,097-1,441-1,357-1,676-220-94-41,3111185,25232
Cash from Financing Activity 1,4837537061,037810-186-1,126-226-1,947-1,288-2,107-1,870
Net Cash Flow56-1325264-79-415315-381449-50

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow327.00438.00580.00-8.00-9.00-9.00-10.00-5.00591.00-354.0043.0078.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days120777273129102761327627952
Inventory Days13915810654535585142148187982
Days Payable4813752351502432362837039461,1702,018119
Cash Conversion Cycle-222-140-57-23-60-79-122-549-772-922-1,841-65
Working Capital Days1034258298410641123241484521462
ROCE %5%5%5%9%9%11%12%11%8%5%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters44.89%44.86%44.86%44.63%40.57%38.57%37.69%37.69%37.69%37.69%37.79%36.22%
FIIs4.39%4.39%4.23%3.37%2.92%0.96%0.15%0.10%0.10%0.10%0.10%0.30%
DIIs22.17%15.60%14.73%14.50%13.84%12.96%10.95%10.88%10.88%10.82%9.20%8.92%
Public28.55%35.16%36.18%37.51%42.67%47.52%51.22%51.32%51.31%51.39%52.90%54.57%
No. of Shareholders42,06562,63365,56266,40570,54571,06472,13770,64968,54266,60961,44264,398

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan9,392,7420.0820.529,392,7422024-06-150%
HDFC Hybrid Equity Fund - Regular Plan5,291,7840.0511.569,392,7422024-06-15-43.66%
Aditya Birla Sun Life Infrastructure Fund477,0450.131.049,392,7422024-06-15-94.92%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-36.73-34.34-42.18-9.0346.21
Diluted EPS (Rs.)-36.73-34.34-42.18-9.0346.21
Cash EPS (Rs.)-38.03-33.13-32.73-1.5487.86
Book Value[Excl.RevalReserv]/Share (Rs.)-6.7019.5661.89104.00117.93
Book Value[Incl.RevalReserv]/Share (Rs.)-6.7019.5661.89104.00117.93
Revenue From Operations / Share (Rs.)112.08103.57111.19130.75203.24
PBDIT / Share (Rs.)13.1326.0833.3755.4988.44
PBIT / Share (Rs.)5.7018.4523.6443.2065.05
PBT / Share (Rs.)-46.36-41.58-42.84-13.9270.31
Net Profit / Share (Rs.)-45.45-40.76-42.45-13.8464.48
NP After MI And SOA / Share (Rs.)-36.73-34.34-42.18-9.0346.21
PBDIT Margin (%)11.7125.1830.0142.4443.51
PBIT Margin (%)5.0817.8121.2633.0332.00
PBT Margin (%)-41.36-40.14-38.52-10.6434.59
Net Profit Margin (%)-40.55-39.35-38.18-10.5831.72
NP After MI And SOA Margin (%)-32.77-33.15-37.93-6.9022.73
Return on Networth / Equity (%)0.00-336.18-90.28-10.7149.53
Return on Capital Employeed (%)9.7113.979.728.6912.34
Return On Assets (%)-8.93-6.03-6.64-1.246.45
Long Term Debt / Equity (X)-7.6210.173.723.713.52
Total Debt / Equity (X)-29.7527.137.184.243.95
Asset Turnover Ratio (%)0.220.170.150.190.21
Current Ratio (X)0.950.970.980.961.20
Quick Ratio (X)0.950.970.970.931.16
Inventory Turnover Ratio (X)1.241.751.702.392.32
Dividend Payout Ratio (NP) (%)0.000.000.000.003.89
Dividend Payout Ratio (CP) (%)0.000.000.000.002.58
Earning Retention Ratio (%)0.000.000.000.0096.11
Cash Earning Retention Ratio (%)0.000.000.000.0097.42
Interest Coverage Ratio (X)0.400.670.580.941.08
Interest Coverage Ratio (Post Tax) (X)0.200.490.420.730.72
Enterprise Value (Cr.)4180.534944.226259.747418.187030.73
EV / Net Operating Revenue (X)2.172.783.283.312.02
EV / EBITDA (X)18.5611.0510.937.794.63
MarketCap / Net Operating Revenue (X)0.250.080.230.470.13
Retention Ratios (%)0.000.000.000.0096.10
Price / BV (X)-3.910.840.560.730.30
Price / Net Operating Revenue (X)0.250.080.230.470.13
EarningsYield-1.28-3.97-1.60-0.141.63

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 1,655.28

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 5,728.44% compared to the current price 28.4

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 682.46

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 2,303.03% compared to the current price ₹28.4

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -58.77%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of -251.00, which is a positive sign.
  1. The stock has a low average ROCE of 7.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 191.17, which may not be favorable.
  3. The company has higher borrowings (7,191.25) compared to reserves (944.50), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (2.67) and profit (-250.58).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Sadbhav Engineering Ltd:
    1. Net Profit Margin: -40.55%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 9.71% (Industry Average ROCE: 11.94%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0.00% (Industry Average ROE: 9.7%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.20
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.95
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: (Industry average Stock P/E: 20.44)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: -29.75
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

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 water main and line connection, water reservoirs including irrigation system (canal). Company’s Total Operating Revenue is Rs. 1226.24 Cr. and Equity Capital is Rs. 17.16 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringSadbhav House, Opp. Law Garden Police Chowki, Ahmedabad Gujarat 380006investor@sadbhav.co.in
http://www.sadbhaveng.com
Management
NamePosition Held
Mr. Shashin V PatelChairman & Managing Director
Mr. Dwigesh B JoshiExecutive Director
Mr. Jatin J ThakkarDirector
Mr. Sandip V PatelIndependent Director
Dr. Tarang M DesaiIndependent Director
Mrs. Anjali N ChoksiIndependent Director

FAQ

What is the latest fair value of Sadbhav Engineering Ltd?

The latest fair value of Sadbhav Engineering Ltd is ₹1655.28.

What is the Market Cap of Sadbhav Engineering Ltd?

The Market Cap of Sadbhav Engineering Ltd is 487 Cr..

What is the current Stock Price of Sadbhav Engineering Ltd as on 21 June 2024?

The current stock price of Sadbhav Engineering Ltd as on 21 June 2024 is ₹28.4.

What is the High / Low of Sadbhav Engineering Ltd stocks in FY 2024?

In FY 2024, the High / Low of Sadbhav Engineering Ltd stocks is 40.4/10.0.

What is the Stock P/E of Sadbhav Engineering Ltd?

The Stock P/E of Sadbhav Engineering Ltd is .

What is the Book Value of Sadbhav Engineering Ltd?

The Book Value of Sadbhav Engineering Ltd is 7.31.

What is the Dividend Yield of Sadbhav Engineering Ltd?

The Dividend Yield of Sadbhav Engineering Ltd is 0.00 %.

What is the ROCE of Sadbhav Engineering Ltd?

The ROCE of Sadbhav Engineering Ltd is 2.15 %.

What is the ROE of Sadbhav Engineering Ltd?

The ROE of Sadbhav Engineering Ltd is 1,480 %.

What is the Face Value of Sadbhav Engineering Ltd?

The Face Value of Sadbhav Engineering Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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