SADBHAV
Sadbhav Engineering Limited
Civil construction and infrastructure engineering company
Industrials›Construction›Construction›Civil Construction
sadbhaveng.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹7.16
Market cap
123 Cr
Stock P/E
4.1
ROCE (FY26)
12.0%
Operating margin (FY26)
40.3%
OCF / EBITDA (FY26)
141.0%
OCF / EBITDA (3Y)
214.0%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Sadbhav Engineering is an Ahmedabad-based civil construction company that executes engineering, procurement and construction (EPC) contracts for infrastructure projects and holds road concessions through subsidiaries.
Company snapshot
76thBy market cap
Ranked among 90 companies in Civil Construction.
What we see
Positives
- ✓214% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
- ✗Interest coverage of 0.9x — earnings barely cover interest payments, which is a warning sign.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 438 Cr | 301 Cr | 473 Cr | 301 Cr | 206 Cr | 240 Cr | 290 Cr | 222 Cr | 250 Cr | 230 Cr | 271 Cr | 204 Cr |
| Operating expenses (approx.) | 332 Cr | 245 Cr | 707 Cr | 202 Cr | 105 Cr | 114 Cr | 198 Cr | 75 Cr | 103 Cr | 64 Cr | 200 Cr | 51 Cr |
| EBITDA | 107 Cr | 56 Cr | -234 Cr | 99 Cr | 101 Cr | 126 Cr | 91 Cr | 147 Cr | 147 Cr | 166 Cr | 71 Cr | 153 Cr |
| OPM % | 24.3% | 18.6% | -49.6% | 32.9% | 49.1% | 52.3% | 31.5% | 66.1% | 58.9% | 72.2% | 26.3% | 74.9% |
| Other income | 54 Cr | 15 Cr | 25 Cr | 9 Cr | 17 Cr | 40 Cr | 31 Cr | 23 Cr | 55 Cr | 46 Cr | -31 Cr | 21 Cr |
| Interest | 151 Cr | 140 Cr | 126 Cr | 108 Cr | 104 Cr | 140 Cr | 105 Cr | 94 Cr | 140 Cr | 110 Cr | 70 Cr | 66 Cr |
| Depreciation | 32 Cr | 32 Cr | 31 Cr | 32 Cr | 31 Cr | 32 Cr | 32 Cr | 34 Cr | 32 Cr | 34 Cr | 39 Cr | 37 Cr |
| Profit before tax | -302 Cr | -186 Cr | -305 Cr | -26 Cr | 53 Cr | -7 Cr | -113 Cr | 43 Cr | 41 Cr | -62 Cr | 160 Cr | 60 Cr |
| Tax % | 2.9% | 1.6% | 5.4% | -17.4% | 12.1% | -147.3% | -46.6% | 27.3% | 34.0% | -38.8% | 24.3% | 23.4% |
| Net profit | -293 Cr | -183 Cr | -288 Cr | -31 Cr | 47 Cr | -16 Cr | -165 Cr | 31 Cr | 27 Cr | -86 Cr | 121 Cr | 46 Cr |
| EPS (₹) | ₹-12.25 | ₹-8.57 | ₹-15.32 | ₹-2.08 | ₹1.60 | ₹-1.56 | ₹-9.01 | ₹0.71 | ₹0.33 | ₹-4.23 | ₹4.73 | ₹0.91 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,498 Cr | 4,975 Cr | 5,240 Cr | 3,487 Cr | 2,243 Cr | 1,908 Cr | 1,777 Cr | 1,923 Cr | 1,036 Cr | 973 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 3,308 Cr | 3,498 Cr | 3,759 Cr | 2,345 Cr | 1,645 Cr | 2,255 Cr | 1,729 Cr | 1,842 Cr | 619 Cr | 441 Cr | Sign in free for the trailing twelve months |
| EBITDA | 1,190 Cr | 1,477 Cr | 1,481 Cr | 1,142 Cr | 598 Cr | -348 Cr | 48 Cr | 81 Cr | 417 Cr | 531 Cr | Sign in free for the trailing twelve months |
| OPM % | 26.5% | 29.7% | 28.3% | 32.8% | 26.7% | -18.2% | 2.7% | 4.2% | 40.2% | 54.6% | Sign in free for the trailing twelve months |
| Other income | 156 Cr | 119 Cr | 265 Cr | 375 Cr | 354 Cr | 920 Cr | 400 Cr | 144 Cr | 96 Cr | 93 Cr | Sign in free for the trailing twelve months |
| Interest | 1,187 Cr | 1,313 Cr | 1,329 Cr | 1,411 Cr | 1,003 Cr | 975 Cr | 661 Cr | 560 Cr | 457 Cr | 415 Cr | Sign in free for the trailing twelve months |
| Depreciation | 321 Cr | 358 Cr | 392 Cr | 401 Cr | 211 Cr | 167 Cr | 131 Cr | 127 Cr | 127 Cr | 139 Cr | Sign in free for the trailing twelve months |
| Profit before tax | -162 Cr | -76 Cr | 79 Cr | 1,206 Cr | -239 Cr | -735 Cr | -713 Cr | -795 Cr | -92 Cr | 177 Cr | Sign in free for the trailing twelve months |
| Tax % | -5.8% | -50.0% | 168.4% | 8.3% | 0.6% | 0.9% | 2.0% | 2.0% | -79.4% | 47.0% | Sign in free for the trailing twelve months |
| Net profit | -172 Cr | -114 Cr | -54 Cr | 1,106 Cr | -237 Cr | -728 Cr | -699 Cr | -780 Cr | -166 Cr | 94 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-3.15 | ₹-6.65 | ₹1.23 | ₹46.21 | ₹-9.03 | ₹-42.18 | ₹-34.32 | ₹-36.73 | ₹-11.04 | ₹1.53 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | — | — | — | 0.0% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr |
| Reserves | 889 Cr | 874 Cr | 951 Cr | 1,584 Cr | 1,428 Cr | 784 Cr | 158 Cr | -143 Cr | -258 Cr | -128 Cr |
| Borrowings | 9,504 Cr | 9,521 Cr | 10,423 Cr | 6,327 Cr | 6,123 Cr | 5,759 Cr | 4,775 Cr | 3,734 Cr | 3,777 Cr | 3,264 Cr |
| Other liabilities | 3,061 Cr | 4,284 Cr | 4,704 Cr | 3,934 Cr | 4,577 Cr | 4,066 Cr | 4,714 Cr | 3,431 Cr | 3,106 Cr | 2,606 Cr |
| Total liabilities | 13,820 Cr | 14,927 Cr | 16,096 Cr | 12,284 Cr | 12,484 Cr | 10,887 Cr | 9,824 Cr | 7,049 Cr | 6,676 Cr | 5,860 Cr |
| Fixed assets (net) | 535 Cr | 512 Cr | 507 Cr | 405 Cr | 286 Cr | 193 Cr | 130 Cr | 44 Cr | 22 Cr | 23 Cr |
| CWIP | 7 Cr | 2 Cr | 3 Cr | 1 Cr | 4 Cr | 4 Cr | 4 Cr | 5 Cr | 4 Cr | 0 Cr |
| Investments | 60 Cr | 48 Cr | 107 Cr | 731 Cr | 731 Cr | 179 Cr | 123 Cr | 2 Cr | 2 Cr | 2 Cr |
| Loans & advances | — | — | 17 Cr | 95 Cr | 56 Cr | 32 Cr | 65 Cr | 10 Cr | 20 Cr | 10 Cr |
| Inventories | 123 Cr | 164 Cr | 179 Cr | 147 Cr | 139 Cr | 107 Cr | 33 Cr | 6 Cr | 4 Cr | 1 Cr |
| Trade receivables | 1,591 Cr | 1,393 Cr | 1,098 Cr | 1,478 Cr | 164 Cr | 323 Cr | 386 Cr | 276 Cr | 194 Cr | 280 Cr |
| Cash & bank | 63 Cr | 117 Cr | 132 Cr | 93 Cr | 107 Cr | 157 Cr | 107 Cr | 41 Cr | 43 Cr | 80 Cr |
| Other assets | 11,440 Cr | 12,691 Cr | 14,052 Cr | 9,333 Cr | 10,997 Cr | 9,892 Cr | 8,976 Cr | 6,664 Cr | 6,387 Cr | 5,465 Cr |
| Total assets | 13,820 Cr | 14,927 Cr | 16,096 Cr | 12,284 Cr | 12,484 Cr | 10,887 Cr | 9,824 Cr | 7,049 Cr | 6,676 Cr | 5,860 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 366 Cr | 1,274 Cr | 245 Cr | 597 Cr | 1,184 Cr | -3,096 Cr | 1,766 Cr | 1,154 Cr | 300 Cr | 749 Cr |
| Cash from investing | -220 Cr | -94 Cr | -4 Cr | 1,311 Cr | 118 Cr | 5,253 Cr | 32 Cr | 72 Cr | 32 Cr | -70 Cr |
| Cash from financing | -186 Cr | -1,126 Cr | -226 Cr | -1,947 Cr | -1,288 Cr | -2,107 Cr | -1,848 Cr | -1,283 Cr | -330 Cr | -642 Cr |
| Net cash flow | -41 Cr | 53 Cr | 15 Cr | -38 Cr | 14 Cr | 49 Cr | -50 Cr | -57 Cr | 2 Cr | 37 Cr |
| Free cash flow (OCF − Capex) | 102 Cr | 1,057 Cr | 113 Cr | 583 Cr | 1,184 Cr | -3,096 Cr | 1,700 Cr | 1,144 Cr | 300 Cr | 677 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 9.5% | 11.6% | 12.4% | 31.3% | 9.7% | 3.5% | -1.0% | -1.3% | 8.1% | 12.0% |
| ROE % | -4.3% | -9.9% | -5.6% | 39.2% | -8.7% | -68.2% | -175.5% | — | — | — |
| Debtor days | 129 | 102 | 76 | 155 | 27 | 62 | 79 | 52 | 68 | 105 |
| Inventory days | 53 | 19 | 12 | 15 | 148 | 186 | 98 | 94 | 347 | 143 |
| Days payable | 242 | 82 | 42 | 76 | 944 | 0 | 2013 | 20 | 41478 | 38445 |
| Cash conversion cycle | -60 | 39 | 47 | 94 | -769 | 248 | -1836 | 127 | -41063 | -38198 |
| OCF / EBITDA % | 30.7% | 86.2% | 16.5% | 52.3% | 198.0% | — | n.m. | 1424.1% | 71.9% | 141.0% |
| OCF / EBITDA % (3 years) | — | — | 45.4% | 51.6% | 62.9% | -94.4% | -49.0% | — | 589.7% | 214.0% |
| Debt / equity | 10.49 | 10.68 | 10.76 | 3.95 | 4.24 | 7.18 | 27.25 | — | — | — |
| Current ratio | 0.97 | 1.15 | 1.03 | 1.19 | 0.93 | 0.99 | 0.87 | 0.94 | 0.83 | 1.02 |
| Net debt / EBITDA | 7.93 | — | 6.95 | 5.46 | 10.06 | — | 97.33 | 45.58 | 8.95 | 5.99 |