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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Sadbhav Infrastructure Projects Ltd

About the Company - Sadbhav Infrastructure Projects Ltd

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

Sadbhav Infrastructure Project Ltd. Share Price Update

Share PriceValue
Today₹7.16
Previous Day₹7.53

Basic Stock Data of Sadbhav Infrastructure Projects Ltd

Market Cap 312 Cr.
Current Price 8.85
High / Low8.87/2.85
Stock P/E1.71
Book Value 10.3
Dividend Yield0.00 %
ROCE12.3 %
ROE172 %
Face Value 10.0

Data Source: screener.in

Competitors of Sadbhav Infrastructure Projects Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Rudrabhishek Enterprises Ltd 364 Cr. 210239/13227.4 67.10.00 %16.2 %12.2 % 10.0
AJR Infra & Tolling Ltd 65.9 Cr. 0.701.05/0.50 26.30.00 %%% 2.00
GE Power India Ltd 1,986 Cr. 295319/97.4 4.990.00 %29.4 %95.4 % 10.0
Mitcon Consultancy & Engineering Services Ltd 175 Cr. 131161/59.947.3 79.00.00 %5.35 %4.37 % 10.0
MEP Infrastructure Developers Ltd 281 Cr. 15.322.2/9.50 21.60.00 %20.9 %% 10.0
Industry Average574.38 Cr130.4014.9439.800.00%14.37%22.39%8.40

Sadbhav Infrastructure Projects Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales283337406195225198345320163185157240161
Expenses17020633212016010539022375856413574
Operating Profit11313173756592-4597881009310587
OPM %40%39%18%39%29%47%-13%30%54%54%59%44%54%
Other Income7885137307894521-62-227415115-250
Interest213222232227223130270220208228-109111121
Depreciation40372120212136242415242525
Profit before tax-62-43-43-141-10135170-209-371-138329-15-309
Tax %-6%-33%-38%6%-2%-14%-3%-4%3%1%-5%-40%4%
Net Profit-66-56-59-133-10440175-218-358-137345-21-296
EPS in Rs-1.87-1.60-1.68-3.78-2.941.144.98-6.18-10.17-3.899.71-0.66-8.52

Sadbhav Infrastructure Projects Ltd Quarterly Chart

Sadbhav Infrastructure Projects Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1762873715111,9711,3482,2623,5482,2701,281962825743
Expenses831201292271,3204791,2182,5001,414899775446357
Operating Profit931672422846518691,0441,048856382187379385
OPM %53%58%65%56%33%64%46%30%38%30%19%46%52%
Other Income233122409956602361,815372723-131-80
Interest721953555269771,0561,1411,1751,276877850547350
Depreciation225092142136221261296293117988689
Profit before tax23-47-184-343-363-352-297-1871,103-240-38-386-134
Tax %57%-11%-7%-1%3%-2%-14%-32%7%-16%43%5%
Net Profit8-59-196-346-353-360-338-2481,029-278-21-365-109
EPS in Rs4.05-17.56-59.96-11.04-9.67-10.03-9.34-6.9629.35-7.90-0.60-10.65-3.36
Dividend Payout %0%-0%0%0%0%0%-5%-7%0%0%0%0%

Sadbhav Infrastructure Projects Ltd Profit & Loss Yearly Chart

Sadbhav Infrastructure Projects Ltd 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:-38%
3 Years:-31%
1 Year:101%
Return on Equity
10 Years:%
5 Years:%
3 Years:-23%
Last Year:172%

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

Sadbhav Infrastructure Projects Ltd 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

Sadbhav Infrastructure Projects Ltd 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%

Sadbhav Infrastructure Projects Ltd 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

Sadbhav Infrastructure Projects Ltd Shareholding Pattern Chart

No. of Sadbhav Infrastructure Projects Ltd Shareholders

Sadbhav Infrastructure Projects Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Capital Builder Value Fund - Regular Plan13614250.010.65
HDFC Infrastructure Fund - Regular Plan9712100.040.46

Sadbhav Infrastructure Projects Ltd ROCE Trend

Sadbhav Infrastructure Projects Ltd EPS Trend

Sadbhav Infrastructure Projects Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-10.65-0.60-7.9029.35-6.97
Diluted EPS (Rs.)-10.65-0.60-7.9029.35-6.97
Cash EPS (Rs.)-7.902.17-4.5837.531.38
Book Value[Excl.RevalReserv]/Share (Rs.)-6.742.653.2311.15-17.70
Book Value[Incl.RevalReserv]/Share (Rs.)-6.742.653.2311.15-17.70
Revenue From Operations / Share (Rs.)23.4127.3236.3664.46100.73
PBDIT / Share (Rs.)18.3730.1520.1833.1834.93
PBIT / Share (Rs.)15.9127.3816.8624.8726.52
PBT / Share (Rs.)-10.95-1.07-6.8231.31-5.31
Net Profit / Share (Rs.)-10.36-0.60-7.9029.22-7.04
NP After MI And SOA / Share (Rs.)-10.65-0.59-7.9029.35-6.96
PBDIT Margin (%)78.44110.3655.4851.4734.68
PBIT Margin (%)67.95100.2146.3638.5726.32
PBT Margin (%)-46.74-3.90-18.7548.57-5.27
Net Profit Margin (%)-44.24-2.21-21.7245.33-6.98
NP After MI And SOA Margin (%)-45.48-2.18-21.7245.52-6.91
Return on Networth / Equity (%)0.00-11.95-244.54263.110.00
Return on Capital Employeed (%)34.3232.589.0112.309.09
Return On Assets (%)-4.87-0.23-2.8511.11-1.88
Long Term Debt / Equity (X)-10.4815.3044.2513.46-14.18
Total Debt / Equity (X)-24.6429.2849.9914.58-15.22
Asset Turnover Ratio (%)0.150.030.030.020.03
Current Ratio (X)0.920.870.590.750.53
Quick Ratio (X)0.920.870.590.750.53
Dividend Payout Ratio (NP) (%)0.000.000.001.02-5.16
Dividend Payout Ratio (CP) (%)0.000.000.000.7924.84
Earning Retention Ratio (%)0.000.000.0098.98105.16
Cash Earning Retention Ratio (%)0.000.000.0099.2175.16
Interest Coverage Ratio (X)1.181.250.810.911.05
Interest Coverage Ratio (Post Tax) (X)1.061.150.630.620.74
Enterprise Value (Cr.)4050.915214.366277.266140.2112414.74
EV / Net Operating Revenue (X)4.915.424.902.703.50
EV / EBITDA (X)6.264.918.835.2510.09
MarketCap / Net Operating Revenue (X)0.120.320.530.210.85
Retention Ratios (%)0.000.000.0098.97105.16
Price / BV (X)-0.641.806.071.26-4.87
Price / Net Operating Revenue (X)0.120.320.530.210.85
EarningsYield-3.53-0.06-0.402.10-0.08

Sadbhav Infrastructure Projects Ltd Profitability Ratios (%)

Sadbhav Infrastructure Projects Ltd Liquidity Ratios

Sadbhav Infrastructure Projects Ltd Liquidity Ratios (%)

Sadbhav Infrastructure Projects Ltd Interest Coverage Ratios (X)

Sadbhav Infrastructure Projects Ltd Valuation Ratios

Fair Value / Intrinsic Value of Sadbhav Infrastructure Projects Ltd

Fair Value: ₹30.90

The stock is undervalued by 249.16% compared to the current price ₹8.85

*Investments are subject to market risks

Strength and Weakness of Sadbhav Infrastructure Projects Ltd

StrengthWeakness
    1. The stock is trading at a high valuation with an average P/B ratio of 22.31 and average Dividend Yield of 55.88%.
    2. The stock has a low average ROCE of 7.83%, which may not be favorable.
    3. The stock has a high average Working Capital Days of 39.67, which may not be favorable.
    4. The stock has a high average Cash Conversion Cycle of 5.25, which may not be favorable.
    5. The company has higher borrowings (0.46) compared to reserves (-5.92), which may suggest financial risk.
    6. The company has not shown consistent growth in sales (298.85) and profit (-195.92).

    Should I Buy Sadbhav Infrastructure Projects Ltd Share Now?

    • Considering various financial indicators, investors might exercise caution regarding investment in Sadbhav Infrastructure Projects Ltd:
      1. Net Profit Margin: -44.24%
        • 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: 34.32% (Industry Average ROCE: 16.55%)
        • 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. Interest Coverage Ratio (Post Tax): 1.06
        • 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.
      4. Quick Ratio: 0.92
        • 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.
      5. ✓ Stock P/E: 1.40 (Industry average Stock P/E: 19.58)
        • 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.
      6. ✓ Total Debt / Equity: -24.64
        • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

    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