SADBHIN

Sadbhav Infrastructure Project Limited

Road infrastructure developer and operator of highway projects

Industrials›Construction›Construction›Civil Construction

sadbhavinfra.co.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹2.48
Market cap
87 Cr
Stock P/E
59.0
ROCE (FY26)
17.7%
Operating margin (FY26)
46.2%
OCF / EBITDA (FY26)
198.8%
OCF / EBITDA (3Y)
226.5%

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 Infrastructure Project (SIPL, listed as SADBHIN) holds road projects, including toll roads and hybrid annuity road projects, through subsidiary project companies.

Company snapshot

81stBy market cap

Ranked among 90 companies in Civil Construction.

What we see

Positives
  • ✓226% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Interest coverage of 1.4x — 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

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales161 Cr204 Cr174 Cr167 Cr163 Cr174 Cr200 Cr186 Cr181 Cr206 Cr202 Cr200 Cr
Operating expenses (approx.)74 Cr123 Cr114 Cr74 Cr63 Cr58 Cr76 Cr57 Cr50 Cr57 Cr118 Cr53 Cr
EBITDA87 Cr80 Cr60 Cr93 Cr101 Cr116 Cr123 Cr129 Cr131 Cr148 Cr84 Cr148 Cr
OPM %53.8%39.4%34.6%55.8%61.6%66.9%61.8%69.4%72.6%72.2%41.7%73.7%
Other income34 Cr7 Cr21 Cr5 Cr7 Cr30 Cr14 Cr27 Cr25 Cr27 Cr-27 Cr11 Cr
Interest121 Cr101 Cr96 Cr83 Cr80 Cr103 Cr70 Cr89 Cr90 Cr74 Cr10 Cr45 Cr
Depreciation25 Cr26 Cr26 Cr29 Cr29 Cr30 Cr30 Cr32 Cr31 Cr33 Cr39 Cr37 Cr
Profit before tax-309 Cr-127 Cr-107 Cr-14 Cr49 Cr13 Cr-59 Cr36 Cr35 Cr-72 Cr62 Cr66 Cr
Tax %4.4%2.9%12.8%-15.1%5.1%50.0%-21.6%27.4%27.6%-27.7%-37.5%19.5%
Net profit-296 Cr-123 Cr-94 Cr-16 Cr47 Cr7 Cr-72 Cr26 Cr25 Cr-92 Cr86 Cr53 Cr
EPS (₹)₹-8.52₹-3.53₹-2.72₹-0.59₹1.08₹-0.11₹-2.44₹0.34₹0.30₹-3.10₹1.90₹0.95

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,348 Cr2,276 Cr3,548 Cr2,270 Cr1,281 Cr962 Cr825 Cr779 Cr704 Cr775 CrSign in free for the trailing twelve months
Operating expenses (approx.)479 Cr1,218 Cr2,500 Cr1,414 Cr899 Cr775 Cr446 Cr446 Cr270 Cr281 CrSign in free for the trailing twelve months
EBITDA869 Cr1,058 Cr1,048 Cr856 Cr382 Cr187 Cr379 Cr333 Cr434 Cr493 CrSign in free for the trailing twelve months
OPM %64.5%46.5%29.5%37.7%29.8%19.5%45.9%42.7%61.6%63.7%Sign in free for the trailing twelve months
Other income56 Cr46 Cr182 Cr312 Cr329 Cr875 Cr268 Cr98 Cr56 Cr53 CrSign in free for the trailing twelve months
Interest1,056 Cr1,141 Cr1,175 Cr1,276 Cr877 Cr850 Cr547 Cr429 Cr335 Cr264 CrSign in free for the trailing twelve months
Depreciation221 Cr261 Cr296 Cr293 Cr117 Cr98 Cr86 Cr101 Cr118 Cr136 CrSign in free for the trailing twelve months
Profit before tax-352 Cr-297 Cr-187 Cr1,103 Cr-240 Cr-38 Cr-386 Cr-558 Cr-10 Cr61 CrSign in free for the trailing twelve months
Tax %-2.2%-13.7%-32.4%6.7%-15.8%43.4%5.4%4.5%-235.1%26.1%Sign in free for the trailing twelve months
Net profit-360 Cr-338 Cr-248 Cr1,029 Cr-278 Cr-21 Cr-365 Cr-533 Cr-34 Cr45 CrSign in free for the trailing twelve months
EPS (₹)₹-10.05₹-9.34₹-6.97₹29.35₹-7.90₹-0.58₹-10.65₹-15.42₹-2.13₹-0.57Sign 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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital352 Cr352 Cr352 Cr352 Cr352 Cr352 Cr352 Cr352 Cr352 Cr352 Cr
Reserves-281 Cr-618 Cr-901 Cr114 Cr-165 Cr-123 Cr-517 Cr-919 Cr-898 Cr-971 Cr
Borrowings8,094 Cr8,407 Cr9,460 Cr5,728 Cr5,688 Cr5,148 Cr4,069 Cr3,291 Cr3,206 Cr2,592 Cr
Other liabilities2,250 Cr3,414 Cr4,087 Cr3,105 Cr3,868 Cr3,623 Cr3,868 Cr2,857 Cr2,601 Cr2,324 Cr
Total liabilities10,442 Cr11,566 Cr12,997 Cr9,299 Cr9,743 Cr8,918 Cr7,699 Cr5,519 Cr5,240 Cr4,342 Cr
Fixed assets (net)20 Cr18 Cr17 Cr7 Cr6 Cr2 Cr2 Cr1 Cr0.26 Cr0.38 Cr
CWIP——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments56 Cr42 Cr100 Cr725 Cr727 Cr177 Cr123 Cr42 Cr42 Cr42 Cr
Loans & advances——17 Cr88 Cr20 Cr0.06 Cr33 Cr70 Cr163 Cr187 Cr
Trade receivables0.54 Cr0.77 Cr450 Cr31 Cr39 Cr12 Cr384 Cr38 Cr45 Cr82 Cr
Cash & bank50 Cr56 Cr73 Cr72 Cr98 Cr121 Cr46 Cr37 Cr28 Cr52 Cr
Other assets10,315 Cr11,449 Cr12,340 Cr8,377 Cr8,852 Cr8,606 Cr7,111 Cr5,331 Cr4,961 Cr3,979 Cr
Total assets10,442 Cr11,566 Cr12,997 Cr9,299 Cr9,743 Cr8,918 Cr7,699 Cr5,519 Cr5,240 Cr4,342 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity777 Cr603 Cr192 Cr285 Cr769 Cr-725 Cr1,643 Cr1,265 Cr606 Cr981 Cr
Cash from investing-258 Cr-98 Cr-201 Cr283 Cr85 Cr2,142 Cr-191 Cr-29 Cr-299 Cr-100 Cr
Cash from financing-556 Cr-500 Cr25 Cr-554 Cr-813 Cr-1,394 Cr-1,528 Cr-1,246 Cr-315 Cr-858 Cr
Net cash flow-37 Cr5 Cr17 Cr14 Cr42 Cr23 Cr-75 Cr-10 Cr-8 Cr23 Cr
Free cash flow (OCF − Capex)550 Cr488 Cr88 Cr272 Cr741 Cr-725 Cr1,643 Cr1,265 Cr606 Cr981 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %8.6%—8.4%38.4%10.8%15.4%7.6%8.7%12.0%17.7%
ROE %-360.8%——221.8%-148.8%-14.4%————
Debtor days00465115170182338
Inventory days——00000000
Days payable152083161163738190478207209147646737
Cash conversion cycle-1520-8316-116327-8190473-196-20423-46-441
OCF / EBITDA %89.5%57.0%18.4%33.3%201.4%-387.3%434.0%380.5%139.8%198.8%
OCF / EBITDA % (3 years)——52.9%36.5%54.5%23.1%178.0%243.0%307.1%226.5%
Debt / equity112.97—0.0112.2930.4235.15————
Current ratio0.390.800.530.680.520.850.850.860.750.76
Net debt / EBITDA9.26—8.956.6114.6426.8410.629.797.335.15