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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Sadbhav Infrastructure Projects Ltd

Basic Stock Data

Last Updated: June 13, 2024, 6:38 am

Market Cap 219 Cr.
Current Price 6.21
High / Low9.31/3.60
Stock P/E
Book Value 16.1
Dividend Yield0.00 %
ROCE10.2 %
ROE%
Face Value 10.0
PEG Ratio0.00

Competitors of Sadbhav Infrastructure Projects Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Rudrabhishek Enterprises Ltd 332 Cr. 192239/16023.7 71.30.00 %16.8 %12.3 % 10.0
Kridhan Infra Ltd 36.8 Cr. 3.887.68/1.90 37.50.00 %%% 2.00
Power & Instrumentation (Gujarat) Ltd 101 Cr. 80.084.7/36.217.2 40.50.25 %17.1 %12.3 % 10.0
Banka Bioloo Ltd 94.2 Cr. 86.8167/66.2 36.60.00 %3.12 %1.63 % 10.0
Mitcon Consultancy & Engineering Services Ltd 177 Cr. 132161/66.833.3 86.10.00 %9.45 %4.90 % 10.0
Industry Average148.20 Cr98.9414.8454.400.05%9.29%6.23%8.40

Gayatri Highways Ltd Quarterly Results

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: June 9, 2024, 12:38 pm

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
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%

Growth

Compounded Sales Growth
10 Years:11%
5 Years:-18%
3 Years:-29%
TTM:-25%
Compounded Profit Growth
10 Years:12%
5 Years:17%
3 Years:29%
TTM:521%
Stock Price CAGR
10 Years:%
5 Years:-40%
3 Years:-30%
1 Year:91%
Return on Equity
10 Years:%
5 Years:%
3 Years:-23%
Last Year:172%

Last Updated: April 17, 2024, 2:07 am

Sadbhav Infrastructure Projects Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital242626311352352352352352352352352352
Reserves820943792470103-281-618-901114-165-123-517-714
Preference Capital222000000000
Borrowings2,8163,7034,9966,3428,0228,3208,7199,8535,9126,3035,1504,0723,974
Other Liabilities3327132,8082,7651,7602,0433,1123,6732,9193,2533,5383,7933,133
Total Liabilities3,9935,3858,6229,88810,23710,43511,56612,9789,2979,7438,9187,6996,745
Fixed Assets7473,1257,0497,1858,1379,5419,2929,2334,0313,942219189172
CWIP2,6221,6667771,9381,579183289939696000
Investments17910582656429872472617612241
Other Assets6085846917564956551,9433,5534,4464,9798,5237,3886,532
Total Assets3,9935,3858,6229,88810,23710,43511,56612,9789,2979,7438,9187,6996,745

Reserves and Borrowings Chart

Sadbhav Infrastructure Projects Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 107134325264749777603192285769-1951,643
Cash from Investing Activity -1,458-904-939-1,096-1,145-258-98-201253851,087-191
Cash from Financing Activity 1,423698615947315-556-50025-554-813-869-1,528
Net Cash Flow72-720116-80-37517-164223-75

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow165.00240.00284.00651.00869.001.001.00856.00382.00187.00379.00333.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1114101003511512
Inventory Days
Days Payable
Cash Conversion Cycle1114101003511512
Working Capital Days-11017-343-246-71-836-841214616748
ROCE %3%3%3%2%7%8%10%10%11%9%16%12%

Financial Efficiency Indicators Chart

Sadbhav Infrastructure Projects Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters70.34%70.34%70.34%70.34%70.34%70.34%70.34%70.34%70.34%70.34%70.34%70.34%
FIIs2.53%2.29%0.25%0.27%0.30%0.30%0.11%0.11%0.06%0.06%0.06%0.06%
DIIs8.23%8.23%3.06%2.99%2.70%2.49%1.93%1.08%0.66%0.66%0.66%0.66%
Government0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public18.89%19.14%26.35%26.41%26.66%26.87%27.63%28.47%28.94%28.93%28.93%28.93%
No. of Shareholders16,53923,02136,22737,57440,64941,26743,40944,61743,99442,97942,22742,111

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 Plan1,361,4250.010.65971,2102024-06-0840.18%
HDFC Infrastructure Fund - Regular Plan971,2100.040.46971,2102024-06-080%

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.)-17.87-8.252.653.2311.15
Book Value[Incl.RevalReserv]/Share (Rs.)-17.87-8.252.653.2311.15
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)-1.64-7.9315.3044.2513.46
Total Debt / Equity (X)-5.80-18.6329.2849.9914.58
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)-0.43-0.481.806.071.26
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: 36.95

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: 495.00% compared to the current price 6.21

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

Intrinsic Value: 17.20

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: 176.95% compared to the current price ₹6.21

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault 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 7.83%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 39.67, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 5.25, which may not be favorable.
    4. The company has higher borrowings (0.46) compared to reserves (-5.92), 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: 8.54%)
        • 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: 6.36%)
        • 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: (Industry average Stock P/E: 12.22)
        • 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: -5.80
        • 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 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
    Mr. Dwigesh B JoshiNon Executive Director
    Mr. Arun S PatelIndependent Director
    Mrs. Daksha N ShahIndependent Director
    Mr. Sandip V PatelIndependent Director

    FAQ

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

    The latest fair value of Sadbhav Infrastructure Projects Ltd is 36.95.

    What is the Market Cap of Sadbhav Infrastructure Projects Ltd?

    The Market Cap of Sadbhav Infrastructure Projects Ltd is 219 Cr..

    What is the current Stock Price of Sadbhav Infrastructure Projects Ltd as on 12 June 2024?

    The current stock price of Sadbhav Infrastructure Projects Ltd as on 12 June 2024 is 6.21.

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

    In FY 2024, the High / Low of Sadbhav Infrastructure Projects Ltd stocks is 9.31/3.60.

    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 16.1.

    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