Arthneeti

Sadbhav Infrastructure Projects Q2 FY27 Share Price & Earnings Call Analysis

₹3.27+1.87% today
Market cap
₹115 Cr
P/E
0.96
PEG
-0.17
Price to sales
0.14
Debt to equity
0.00
52W high / low
₹4.31 / ₹2.14
Sales growth (5Y)
-9.57%
EBITDA margin
65.48%
Net profit margin
12.65%
Promoter holding
70.26%
Sales (last year)
₹809 Cr

Sadbhav Infrastructure Project Ltd (SIPL), incorporated in 2007, is a road-infrastructure asset holding and development company. Through project-specific subsidiaries, it develops, operates and maintains highways and border check-post infrastructure under BOT, DBFOT and Hybrid Annuity concessions from NHAI, state authorities and AUDA. Revenue is mainly toll and check-post fees, with smaller construction, project-management and advertising income.[1]

Guidance scorecard · Q2 FY27 call

What Sadbhav Infrastructure Projects's management guided
and where it ranks in Construction

Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY22 call

10–20%
  • For FY2022, Sadbhav Engineering expects a 15% to 20% growth in revenue compared to FY2021.
  • Growth driven by revenue from newly started projects such as Surat Metro and Dholera projects which will contribute additional revenue this year.
  • The company aims to improve the revenue run rate, targeting Rs.600 Crores to Rs.700 Crores per quarter once COVID-related disruptions normalize.
  • Focus remains on executing and winning new EPC projects; bids worth around Rs.11,200 Crores have been submitted for six road EPC projects.

2 more points from Sadbhav Infrastructure Projects's call on revenue

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Full Q1 FY22 analysis

MarginsQ1 FY22 call

Flat

See what Sadbhav Infrastructure Projects said on margins — free account, 30 seconds.

Full Q1 FY22 analysis

CapexQ1 FY22 call

Planned
  • FY2022 capex depends on new projects as existing projects already have equipment in place.
  • Current focus is on EPC projects with bids submitted for six road EPC projects worth Rs.11,200 Crores.
  • SIPL has completed equity infusion of Rs.1,070 Crores for nine HAM projects, indicating strategic investment in HAM projects.

2 more points from Sadbhav Infrastructure Projects's call on capex

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Full Q1 FY22 analysis

FundraisingQ1 FY22 call

Planned

See what Sadbhav Infrastructure Projects said on fundraising — free account, 30 seconds.

Full Q1 FY22 analysis

Order bookQ1 FY22 call

  • As of March 31, 2021, the total order book stands at Rs.9,328 Crores.
  • SIPL has a current outstanding order book of Rs.3,990 Crores, including ongoing HAM projects and SPVs sold to IndInfravit Trust.
  • Six road EPC projects worth Rs.11,200 Crores have bids submitted; bid openings are expected soon.
  • Executable order backlog is estimated at around 60%-70% of total order backlog of Rs.9,300 Crores, considering some projects are pending land acquisition.
  • Irrigation projects have moved partially; mining has not moved this quarter.

2 more points from Sadbhav Infrastructure Projects's call on the order book

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Full Q1 FY22 analysis
Full Construction ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Construction
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Sadbhav Infrastructure Projects rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Sadbhav Infrastructure Projects latest results (Sep 2026)

Revenue

₹202 Cr

+12% YoY

Net profit

₹68 Cr

+172% YoY

Operating margin

74%

EPS

₹1.32

What management said on the call →

Sadbhav Infrastructure Projects shareholding (Sep 2026)

Promoters

70.26%

unchanged QoQ

FIIs

0.00%

unchanged QoQ

DIIs

0.00%

unchanged QoQ

Public

29.76%

+0.01 pp QoQ

Full shareholding pattern →Dividend history →

Peers

Construction companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹926 Cr8.4
240%+Flat₹6,502 Cr11.6
340%+Flat₹2,016 Cr8.9
440%+Flat₹968 Cr8.3
540%+Flat₹850 Cr7.2
640%+Flat₹716 Cr11.6

Sign up free to see every company in the sector ranking and track Sadbhav Infrastructure Projects.

Pro shows every company guiding 40%+ revenue growth →Full Construction ranking

Financials of Sadbhav Infrastructure Projects

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Sadbhav Infrastructure Projects

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +70.34%70.34%70.31%69.75%70.26%70.26%70.26%70.26%70.26%70.26%70.26%70.26%
FIIs +0.06%0.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
DIIs +0.66%0.66%0.66%0.66%0.53%0.39%0.39%0.35%0.12%0.00%0.00%0.00%
Public +28.93%28.93%29.03%29.59%29.23%29.37%29.36%29.39%29.63%29.75%29.75%29.76%
No. of Shareholders42,11145,49646,90448,97251,69752,11751,83652,88352,61353,21553,02252,508

Financials of Sadbhav Infrastructure Projects

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +161204174167163174200186181206202200202
YoY Sales growth-1%+10%+11%-31%+2%-15%+15%+12%+11%+18%+1%+8%+12%
Expenses +74123114746358765750571185352
Operating Profit8780609310111612312913114884148150
OPM %54%39%35%56%62%67%62%69%73%72%42%74%74%
Other Income +-250-80-4655730-832725-11329-06
Interest12110196838010370899074104539
Depreciation25262629293030323133393736
Profit before tax-309-127-107-144913-593635-72646681
Tax %-4%-3%-13%15%5%50%22%27%28%28%-35%20%16%
Net Profit +-296-123-94-16477-722625-92865368
EPS in Rs-8.52-3.53-2.71-0.591.01-0.11-2.440.340.30-3.101.900.951.32

Financials of Sadbhav Infrastructure Projects

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +5111,9711,3482,2623,5482,2701,281962825779704775809
Sales growth+38%+286%-32%+68%+57%-36%-44%-25%-14%-6%-10%+10%+9%
Expenses +2271,3204791,2182,5001,414899775446446271281279
Operating Profit2846518691,0441,048856382187379333433493530
OPM %56%33%64%46%30%38%30%19%46%43%62%64%65%
Other Income +409956602361,815372723-131-3619-32-78
Interest5269771,0561,1411,1751,276877850547429335264168
Depreciation1421362212612962931179886101118136145
Profit before tax-343-363-352-297-1871,103-240-38-386-558-1062139
Tax %1%-3%2%14%32%7%16%-43%-5%-4%235%28%
Net Profit +-346-353-360-338-2481,029-278-21-365-533-3445115
EPS in Rs-11.04-9.67-10.03-9.34-6.9629.35-7.90-0.60-10.65-15.42-2.13-0.561.07
Dividend Payout %0%0%0%-5%-7%0%0%0%0%0%0%0%

Financials of Sadbhav Infrastructure Projects

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital311352352352352352352352352352352352352
Reserves470103-281-618-901114-165-123-517-919-898-971-891
Borrowings +6,3428,0228,3208,7199,8535,9126,3035,1504,0723,2933,2082,5942,424
Other Liabilities +2,7651,7602,0433,1123,6732,9193,2533,5383,7932,7932,5782,3672,144
Total Liabilities9,88810,23710,43511,56612,9789,2979,7438,9187,6995,5195,2404,3424,029
Fixed Assets +7,1858,1379,5419,2929,2334,0313,9422191891541146941
CWIP1,9381,579183289939696000000
Investments82656429872472617612241414184
Other Assets +7564956551,9433,5534,4464,9798,5237,3885,3245,0854,2323,903
Total Assets9,88810,23710,43511,56612,9789,2979,7438,9187,6995,5195,2404,3424,029

Financials of Sadbhav Infrastructure Projects

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +264749777603192285769-1951,6431,265606981
Cash from Investing Activity +-1,096-1,145-258-98-201253851,087-191-29-299-100
Cash from Financing Activity +947315-556-50025-554-813-869-1,528-1,246-315-858
Net Cash Flow116-80-37517-164223-75-10-823
Free Cash Flow-760-432550489882727411,2551,5861,264606981
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit95%116%89%60%23%36%205%-101%443%388%150%206%

Financials of Sadbhav Infrastructure Projects

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days101003511512182338
Inventory Days
Days Payable
Cash Conversion Cycle101003511512182338
Working Capital Days-602-175-207-86-150-59-347-316-287-255-517-439
ROCE %2%7%8%10%10%11%9%16%12%10%14%18%

Sadbhav Infrastructure Projects: frequently asked questions

What is Sadbhav Infrastructure Projects share price today?

Sadbhav Infrastructure Projects last traded at ₹3.27, with a market capitalisation of ₹115 Cr and a P/E ratio of 1.0.

What were Sadbhav Infrastructure Projects's latest quarterly results?

For the quarter ended Sep 2026, Sadbhav Infrastructure Projects reported revenue of ₹202 Cr (+12% year on year) and net profit of ₹68 Cr, with an operating margin of 74%.

Is Sadbhav Infrastructure Projects's profit growing?

Net profit was ₹68 Cr in Sep 2026 against ₹25 Cr in Sep 2025, a change of +172%.

What is Sadbhav Infrastructure Projects's EPS?

Sadbhav Infrastructure Projects's earnings per share for the quarter ended Sep 2026 was ₹1.32.

What is the promoter holding in Sadbhav Infrastructure Projects?

Promoters held 70.26% of Sadbhav Infrastructure Projects in Sep 2026 (unchanged versus Jun 2026).

How much do FIIs and DIIs hold in Sadbhav Infrastructure Projects?

In Sep 2026, foreign institutional investors held 0.00% and domestic institutions (including mutual funds) held 0.00% of Sadbhav Infrastructure Projects.

What is Sadbhav Infrastructure Projects's ROE and ROCE?

Sadbhav Infrastructure Projects's return on equity is not available and its return on capital employed is 17.6%.

Does Sadbhav Infrastructure Projects pay a dividend?

Sadbhav Infrastructure Projects's dividend yield is 0% at the current price; see the Sadbhav Infrastructure Projects dividends page for past payouts.

Which sector does Sadbhav Infrastructure Projects belong to?

Sadbhav Infrastructure Projects is in the Construction sector. Its peer comparison and sector ranking are on this page.

What did Sadbhav Infrastructure Projects's management say on the latest earnings call?

Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from Sadbhav Infrastructure Projects's management.

How does Arthneeti AI analyse Sadbhav Infrastructure Projects?

Arthneeti reads Sadbhav Infrastructure Projects's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.

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What Sadbhav Infrastructure Projects's management said in earlier quarters

Earlier calls (4)

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