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Last Updated on: 31 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Sadbhav Infrastructure Projects Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 31, 2024, 8:00 am

Market Cap 241 Cr.
Current Price 6.84
High / Low 9.31/5.05
Stock P/E
Book Value 15.7
Dividend Yield0.00 %
ROCE10.2 %
ROE%
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Sadbhav Infrastructure Projects Ltd

Competitors of Sadbhav Infrastructure Projects Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Genus Prime Infra Ltd 37.9 Cr. 25.4 35.1/13.8 32.30.00 %2.80 %4.09 % 2.00
Ekansh Concepts Ltd 220 Cr. 145 157/41.6 32.20.00 %8.19 %0.25 % 10.0
Dhruv Consultancy Services Ltd 230 Cr. 119 168/58.139.0 52.70.42 %12.1 %9.57 % 10.0
Crane Infrastructure Ltd 17.7 Cr. 24.4 40.0/16.720.8 41.40.00 %6.44 %4.99 % 10.0
Brahmaputra Infrastructure Ltd 155 Cr. 53.3 114/52.19.13 62.10.00 %10.6 %10.6 % 10.0
Industry Average1,432.58 Cr152.0038.7676.430.10%9.77%13.06%8.15

All Competitor Stocks of Sadbhav Infrastructure Projects Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales406195225198345320163185157240161204174
Expenses33212016010539022375856413574123114
Operating Profit73756592-45978810093105878060
OPM %18%39%29%47%-13%30%54%54%59%44%54%39%35%
Other Income137307894521-62-227415115-250-80-46
Interest232227223130270220208228-10911112110196
Depreciation21202121362424152425252626
Profit before tax-43-141-10135170-209-371-138329-15-309-127-107
Tax %-38%6%-2%-14%-3%-4%3%1%-5%-40%4%3%13%
Net Profit-59-133-10440175-218-358-137345-21-296-123-94
EPS in Rs-1.68-3.78-2.941.144.98-6.18-10.17-3.899.71-0.66-8.52-3.53-2.71

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales2873715111,9711,3482,2623,5482,2701,281962825779
Expenses1201292271,3204791,2182,5001,414899775446446
Operating Profit1672422846518691,0441,048856382187379333
OPM %58%65%56%33%64%46%30%38%30%19%46%43%
Other Income3122409956602361,815372723-131-361
Interest1953555269771,0561,1411,1751,276877850547429
Depreciation50921421362212612962931179886101
Profit before tax-47-184-343-363-352-297-1871,103-240-38-386-558
Tax %-11%-7%-1%3%-2%-14%-32%7%-16%43%5%4%
Net Profit-59-196-346-353-360-338-2481,029-278-21-365-533
EPS in Rs-17.56-59.96-11.04-9.67-10.03-9.34-6.9629.35-7.90-0.60-10.65-15.42
Dividend Payout %-0%0%0%0%0%-5%-7%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 (%)-232.20%-76.53%-2.02%-1.98%6.11%26.63%514.92%-127.02%92.45%-1638.10%-46.03%
Change in YoY Net Profit Growth (%)0.00%155.67%74.51%0.04%8.09%20.52%488.29%-641.94%219.46%-1730.54%1592.07%

Sadbhav Infrastructure Projects Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:-26%
3 Years:-15%
TTM:-5%
Compounded Profit Growth
10 Years:4%
5 Years:11%
3 Years:20%
TTM:-155%
Stock Price CAGR
10 Years:%
5 Years:-30%
3 Years:-23%
1 Year:41%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:44 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital2626311352352352352352352352352352352
Reserves943792470103-281-618-901114-165-123-517-919-904
Borrowings3,7054,9986,3428,0228,3208,7199,8535,9126,3035,1504,0723,2933,307
Other Liabilities7102,8062,7651,7602,0433,1123,6732,9193,2533,5383,7932,7932,579
Total Liabilities5,3858,6229,88810,23710,43511,56612,9789,2979,7438,9187,6995,5195,333
Fixed Assets3,1257,0497,1858,1379,5419,2929,2334,0313,942219189154135
CWIP1,6667771,9381,5791832899396960000
Investments91058265642987247261761224141
Other Assets5846917564956551,9433,5534,4464,9798,5237,3885,3245,157
Total Assets5,3858,6229,88810,23710,43511,56612,9789,2979,7438,9187,6995,5195,333

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +134325264749777603192285769-1951,6431,265
Cash from Investing Activity +-904-939-1,096-1,145-258-98-201253851,087-191-29
Cash from Financing Activity +698615947315-556-50025-554-813-869-1,528-1,246
Net Cash Flow-720116-80-37517-164223-75-10

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow164.00238.00278.00643.00861.00-7.00-8.00851.00376.00182.00375.00330.00

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 Days11410100351151218
Inventory Days
Days Payable
Cash Conversion Cycle11410100351151218
Working Capital Days17-343-246-71-836-8412146167481,501
ROCE %3%3%2%7%8%10%10%11%9%16%12%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters70.34%70.34%70.34%70.34%70.34%70.34%70.34%70.34%70.34%70.34%70.34%70.31%
FIIs0.25%0.27%0.30%0.30%0.11%0.11%0.06%0.06%0.06%0.06%0.06%0.00%
DIIs3.06%2.99%2.70%2.49%1.93%1.08%0.66%0.66%0.66%0.66%0.66%0.66%
Public26.35%26.41%26.66%26.87%27.63%28.47%28.94%28.93%28.93%28.93%28.93%29.03%
No. of Shareholders36,22737,57440,64941,26743,40944,61743,99442,97942,22742,11145,49646,904

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Capital Builder Value Fund - Regular Plan1,361,4250.010.65971,2102024-12-2640.18%
HDFC Infrastructure Fund - Regular Plan971,2100.040.46971,2102024-12-260%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-15.42-10.65-0.60-7.9029.35
Diluted EPS (Rs.)-15.42-10.65-0.60-7.9029.35
Cash EPS (Rs.)-12.26-7.902.17-4.5837.53
Book Value[Excl.RevalReserv]/Share (Rs.)-19.38-8.252.653.2311.15
Book Value[Incl.RevalReserv]/Share (Rs.)-19.38-8.252.653.2311.15
Revenue From Operations / Share (Rs.)22.1123.4127.3236.3664.46
PBDIT / Share (Rs.)12.2418.3730.1520.1833.18
PBIT / Share (Rs.)9.3615.9127.3816.8624.87
PBT / Share (Rs.)-15.85-10.95-1.07-6.8231.31
Net Profit / Share (Rs.)-15.14-10.36-0.60-7.9029.22
NP After MI And SOA / Share (Rs.)-15.42-10.65-0.59-7.9029.35
PBDIT Margin (%)55.3378.44110.3655.4851.47
PBIT Margin (%)42.3267.95100.2146.3638.57
PBT Margin (%)-71.66-46.74-3.90-18.7548.57
Net Profit Margin (%)-68.46-44.24-2.21-21.7245.33
NP After MI And SOA Margin (%)-69.72-45.48-2.18-21.7245.52
Return on Networth / Equity (%)0.000.00-11.95-244.54263.11
Return on Capital Employeed (%)72.8834.3232.589.0112.30
Return On Assets (%)-9.84-4.87-0.23-2.8511.11
Long Term Debt / Equity (X)-1.50-7.9315.3044.2513.46
Total Debt / Equity (X)-5.31-18.6329.2849.9914.58
Asset Turnover Ratio (%)0.110.090.030.030.02
Current Ratio (X)0.890.920.870.590.75
Quick Ratio (X)0.890.920.870.590.75
Dividend Payout Ratio (NP) (%)0.000.000.000.001.02
Dividend Payout Ratio (CP) (%)0.000.000.000.000.79
Earning Retention Ratio (%)0.000.000.000.0098.98
Cash Earning Retention Ratio (%)0.000.000.000.0099.21
Interest Coverage Ratio (X)1.011.181.250.810.91
Interest Coverage Ratio (Post Tax) (X)0.821.061.150.630.62
Enterprise Value (Cr.)3431.514050.915214.366277.266140.21
EV / Net Operating Revenue (X)4.414.915.424.902.70
EV / EBITDA (X)7.966.264.918.835.25
MarketCap / Net Operating Revenue (X)0.310.120.320.530.21
Retention Ratios (%)0.000.000.000.0098.97
Price / BV (X)-0.39-0.481.806.071.26
Price / Net Operating Revenue (X)0.310.120.320.530.21
EarningsYield-2.22-3.53-0.06-0.402.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Sadbhav Infrastructure Projects Ltd as of December 31, 2024 is: 36.03

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.

As of December 31, 2024, Sadbhav Infrastructure Projects Ltd is Undervalued by 426.75% compared to the current share price 6.84

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of Sadbhav Infrastructure Projects Ltd as of December 31, 2024 is: 16.77

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 31, 2024, Sadbhav Infrastructure Projects Ltd is Undervalued by 145.18% compared to the current share price 6.84

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: -53.45%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 8.42%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 48.92, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 6.67, which may not be favorable.
    4. The company has higher borrowings (5,999.69) compared to reserves (-154.31), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (312.08) and profit (-249.50).

    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 Infrastructure Projects Ltd:
      1. Net Profit Margin: -68.46%
        • 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: 72.88% (Industry Average ROCE: 9.77%)
        • 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% (Industry Average ROE: 13.06%)
        • 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): 0.82
        • 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: 0.89
        • 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: 0 (Industry average Stock P/E: 38.76)
        • 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: -5.31
        • 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 - Qualitative Analysis

    Sadbhav Infrastructure Project Ltd. is a Public Limited Listed company incorporated on 18/01/2007 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L45202GJ2007PLC049808 and registration number is 049808. 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. 204.21 Cr. and Equity Capital is Rs. 352.23 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Infrastructure - GeneralSadbhav House, Ahmedabad Gujarat 380006investor@sadbhavinfra.co.in
    http://www.sadbhavinfra.co.in
    Management
    NamePosition Held
    Mr. Shashin V PatelChairman & Wholetime Director
    Mr. Jatin J ThakkarExecutive Director & CFO
    Mr. Arun S PatelIndependent Director
    Mrs. Daksha N ShahIndependent Director
    Mr. Sandip V PatelIndependent Director
    Mrs. Shefali PatelAdditional Director
    Mr. Tarang DesaiAdditional Director

    FAQ

    What is the latest intrinsic value of Sadbhav Infrastructure Projects Ltd?

    The latest intrinsic value of Sadbhav Infrastructure Projects Ltd as on 31 December 2024 is ₹36.03, which is 426.75% higher than the current market price of ₹6.84. The stock has a market capitalization of 241 Cr. and recorded a high/low of 9.31/5.05 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹-904 Cr and total liabilities of ₹5,333 Cr.

    What is the Market Cap of Sadbhav Infrastructure Projects Ltd?

    The Market Cap of Sadbhav Infrastructure Projects Ltd is 241 Cr..

    What is the current Stock Price of Sadbhav Infrastructure Projects Ltd as on 31 December 2024?

    The current stock price of Sadbhav Infrastructure Projects Ltd as on 31 December 2024 is 6.84.

    What is the High / Low of Sadbhav Infrastructure Projects Ltd stocks in FY 2024-2025?

    In FY 2024-2025, the High / Low of Sadbhav Infrastructure Projects Ltd stocks is 9.31/5.05.

    What is the Stock P/E of Sadbhav Infrastructure Projects Ltd?

    The Stock P/E of Sadbhav Infrastructure Projects Ltd is .

    What is the Book Value of Sadbhav Infrastructure Projects Ltd?

    The Book Value of Sadbhav Infrastructure Projects Ltd is 15.7.

    What is the Dividend Yield of Sadbhav Infrastructure Projects Ltd?

    The Dividend Yield of Sadbhav Infrastructure Projects Ltd is 0.00 %.

    What is the ROCE of Sadbhav Infrastructure Projects Ltd?

    The ROCE of Sadbhav Infrastructure Projects Ltd is 10.2 %.

    What is the ROE of Sadbhav Infrastructure Projects Ltd?

    The ROE of Sadbhav Infrastructure Projects Ltd is %.

    What is the Face Value of Sadbhav Infrastructure Projects Ltd?

    The Face Value of Sadbhav Infrastructure Projects Ltd is 10.0.

    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 Infrastructure Projects 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