Bhanderi Infracon Ltd

Bhanderi Infracon Ltd

BBSE:BHANDERI
125.00
INR
+2.00
(+1.63%)
363.52MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
11.05
2.99
12.49
69.7
63.76
29.56
23.74
18.64
24.8
24.19
15.98
20.18
10.59
- -
Basic EPS, GAAP
2.83
0.3
0.25
2.21
3.34
1.61
0.86
1.04
1.23
2.23
2.35
4.97
0.77
- -
Free Cash Flow per Basic Share
-21.06
-48.59
0.62
1.17
-16.27
0.13
2.77
-0.8
-2.77
12.75
17.33
-26.53
11.86
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
31.7
62.93
63.18
78.14
87.31
88.92
89.78
90.85
92.08
94.24
96.63
101.63
102.4
102.4
Tangible Book Value per Share
31.7
62.93
63.18
78.14
87.31
88.92
89.78
90.85
92.08
94.24
96.63
101.63
102.4
102.4
Basic Weighted Avg Shares
1
2
2
2
2
3
3
3
3
3
3
3
3
3
Sales/Revenue/Turnover
13
5
25
169
154
77
62
48
64
63
42
52
28
- -
Operating Margin (%)
10.69
12.4
2.56
4.46
6.59
6.38
5.15
4.55
2.17
12.26
20
32.44
8.73
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
1
- -
- -
Net Income, GAAP
3
1
1
5
8
4
2
3
3
6
6
13
2
- -
Effective Tax Rate (%)
13.23
21.64
26.23
29.15
24.4
22.92
30.99
26.83
12.5
18.6
19.61
10.7
21.21
- -
Profit Margin (%)
25.58
9.9
1.98
3.17
5.24
5.45
3.62
5.58
4.97
9.24
14.7
24.62
7.27
- -
Working Capital
31
115
114
125
169
271
273
286
279
446
280
279
-134
-134
LT Debt
- -
- -
- -
- -
62
69
69
79
79
178
1
1
1
1
Total Equity
64
128
128
159
235
232
234
238
241
277
285
289
285
285
Return on Invested Capital (%)
- -
0.29
0.24
2.31
2.36
1.05
0.69
0.5
0.36
1.48
1.34
2.66
0.26
- -
Return on Capital (%)
- -
0.29
0.24
2.33
2.46
1.19
0.66
0.74
0.86
1.07
0.81
1.65
0.04
- -
Return on Common Equity (%)
- -
0.57
0.39
3.73
4.2
1.83
0.96
1.15
1.35
2.4
2.46
5.01
0.76
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
332
418
528
LT Borrowings
1
- -
1
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3
3
3
Market Capitalization
310
340
364

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
659
794
517
Cash, Cash Equivalents & STI
7
52
11
Accounts Receivable, Net
46
112
43
Inventories
372
322
374
Total Current Liabilities
380
532
651
Payables & Accruals
- -
- -
- -
ST Debt
332
418
528
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.23%
3.86%
-1.38%
Free Cash Flow
-32.49%
-135.05%
-144.7%
Net Income, GAAP
107.67%
26.38%
-84.5%
Sales/Revenue/Turnover
44.14%
-4.92%
-47.52%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
42
2025
- -
- -
52
2026
- -
- -
28

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2.35
2025
- -
- -
4.97
2026
- -
- -
0.77

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Sunil Dhirubhai Patel
Full Time Employees
13
Sector
Finance
Industry
Real estate development
Address
Ahmedabad India
IPO Date
Jul 11, 2014
Business
Bhanderi Infracon Ltd is an India-based real estate development and infrastructure construction company engaged in the planning, development, construction, redevelopment, and sale of residential, commercial, and industrial properties. Founded in 2004 as Bileshwar Industrial Estate Developers Private Limited and renamed Bhanderi Infracon Limited in 2013 upon conversion to a public entity, the company is headquartered in Ahmedabad, Gujarat, India. The company operates across multiple property development and construction segments, offering a comprehensive portfolio of real estate assets and engineering services: residential property development, including multi-story apartment complexes, residential flats, low-rise housing communities, and luxury standalone bungalows developed under project brands such as Dharnidhar Homes; commercial real estate development, encompassing modern office complexes, commercial suites, retail shops, and shopping centers including developments such as Siddheshwar Hill Square and Siddheshwar Happiness; industrial infrastructure construction, involving the design, civil engineering, and construction of industrial manufacturing facilities, engineering workshops, industrial sheds, and warehousing spaces; and full-lifecycle construction and project management services, covering land identification and acquisition, architectural planning, layout approvals, structural execution, alteration and renovation works, property marketing, and post-possession maintenance. Bhanderi Infracon conducts its operations directly and through specialized project subsidiaries and partnership entities, such as Bhanderi Gandhinagar Projects Private Limited, Bhanderi Pethapur Projects Private Limited, Tulsi Enterprises, and Dharnidhar Developers, catering to individual homebuyers, corporate commercial occupiers, and industrial operators primarily across regional markets in Gujarat, including Ahmedabad, Gandhinagar, Mansa, and Nadiad. In recent corporate and operational developments, Bhanderi Infracon Ltd has strengthened its corporate governance and leadership structure through board-level appointments, including the onboarding of independent directors to enhance statutory compliance and strategic oversight. The company continues to advance its construction execution and project pipeline across Western India by utilizing specialized development vehicles and partnership entities to optimize project delivery timelines and manage capital allocation. Additionally, the company has maintained continuous regulatory reporting with the BSE and periodically rationalizes its joint development agreements and asset portfolios to streamline operational efficiency, improve liquidity, and target emerging commercial and residential property demand in regional growth corridors.