Sadbhav Infrastructure Project Limited

Sadbhav Infrastructure Project Limited

SADBHIN.BO
Sadbhav Infrastructure Project LimitedIN flagBombay Stock Exchange
2.76
INR
+0.04
- -
962.05MMarket Cap
Sadbhav Infrastructure Project Limited
SADBHIN.BO
(Bombay Stock Exchange)

Recent

price

2.76

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
16.49
55.82
38.11
64.11
100.55
64.22
36
27.24
23.31
22
20
- -
22.05
Revenue per Share
-11.09
-9.67
-10.03
-9.34
-6.96
29.35
-7.9
-0.6
-10.65
-15.42
-2.13
- -
-0.57
Basic EPS, GAAP
-24.56
-15.93
22.07
17.12
5.46
7.72
20.22
-5.53
46.66
35.93
17.22
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
0.24
0.6
0.3
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-5.61
-15.13
-26.3
-37.19
-46.81
-18
-25.93
-24.16
-35.36
-46.76
-46.18
- -
10.03
Book Value per Share
-266.82
-262.49
-272.66
-278.67
-279.86
-103.7
-109.13
-1.96
-12.04
-22.17
-19.32
- -
-18.29
Tangible Book Value per Share
310
352
352
352
352
352
352
352
352
352
352
- -
351
Basic Weighted Avg Shares
5,106
19,660
13,423
22,580
35,415
22,621
12,681
9,596
8,210
7,748
7,040
7,746
7,746
Sales/Revenue/Turnover
28.11
27.17
48.84
34.7
21.24
24.91
19.62
18.51
35.17
30.09
44.87
46.17
46.17
Operating Margin (%)
1,418
1,355
2,211
2,605
2,963
2,927
1,168
977
865
1,014
1,176
1,356
1,356
Depreciation Expense
-3,433
-3,406
-3,531
-3,290
-2,453
10,337
-2,783
-210
-3,751
-5,431
-750
-199
-199
Net Income, GAAP
- -
- -
- -
- -
- -
6.66
- -
- -
- -
- -
- -
27.72
27.72
Effective Tax Rate (%)
-67.23
-17.33
-26.31
-14.57
-6.93
45.7
-21.95
-2.19
-45.69
-70.1
-10.65
-2.57
-2.56
Profit Margin (%)
-6,673
-8,333
-6,562
-4,305
-12,857
-5,306
-12,775
-7,235
-4,553
-5,309
-8,627
-6,278
-6,278
Working Capital
57,062
73,040
76,360
78,380
88,156
52,872
50,361
26,905
17,311
9,297
6,420
591
591
LT Debt
8,379
4,486
979
-2,552
-5,504
4,660
1,869
1,465
-2,375
-6,295
-5,672
-5,746
-5,746
Total Equity
- -
- -
- -
- -
- -
6.69
- -
- -
- -
- -
- -
11.09
11.09
Return on Invested Capital (%)
- -
- -
- -
- -
- -
32.66
- -
- -
- -
- -
- -
4.65
4.65
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-19.1
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
25,902
- -
25,330
LT Borrowings
4,933
- -
591
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
352
- -
352
Market Capitalization
1,372
1,346
755

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
42,170
- -
42,288
Cash, Cash Equivalents & STI
23,398
- -
24,889
Accounts Receivable, Net
624
- -
815
Inventories
- -
- -
- -
Total Current Liabilities
51,169
- -
48,566
Payables & Accruals
- -
- -
- -
ST Debt
25,902
- -
25,330
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-69.5%
-25.47%
1.31%
Free Cash Flow
-120.97%
-216.75%
61.83%
Net Income, GAAP
80%
295.38%
-73.5%
Sales/Revenue/Turnover
-3.02%
-8.7%
10.03%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,402
1,608
2,036
1,702
7,748
2025
1,668
1,635
1,739
1,997
7,040
2026
1,863
1,811
2,055
2,017
7,746

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.66
-8.52
-3.53
- -
-15.42
2025
-0.59
1.01
-0.11
-2.44
-2.13
2026
0.34
0.3
-3.1
1.9
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Sadbhav Infrastructure Project Limited, incorporated in 2007 and headquartered in Ahmedabad, India, operates as an asset holding company specializing in the development, operation, and maintenance of road infrastructure assets through Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM) projects. The company’s core portfolio includes turnkey contractual works excluding civil construction, primarily focusing on road and highway projects such as expressways, tollways, and border check posts. It manages and operates a significant portfolio of infrastructure assets including the Ahmedabad Ring Road, Aurangabad Jalna Tollway, multiple tollways across Karnataka, Haryana, and Rajasthan, and the Maharashtra Border Check Post Network, among others. Sadbhav Infrastructure Project Limited undertakes design, engineering, finance, procurement, construction, operation, and maintenance of road infrastructure projects, holding full or majority stakes in various Special Purpose Vehicles (SPVs) dedicated to these projects. Its revenue streams consist of toll collection rights, service fees, advertisement rights along roads, and leasing commercial space within its projects. The company primarily serves government and quasi-government transportation and infrastructure authorities across India. In recent years, Sadbhav Infrastructure Project Limited has undergone significant strategic and operational changes. In 2023 and 2024, the company completed the sale of stakes in subsidiaries such as the Maharashtra Border Check Post Network Limited and Sadbhav Bhavnagar Highway Limited, part of efforts to optimize its asset portfolio and raise capital. It has also seen management changes including the cessation of an Executive Director in 2025 and appointments within its board structure. Operationally, it continues to progress on multiple BOT projects with a lane length exceeding 2,595 kilometers across India, with several projects fully operational and others in various stages of development. The company maintains a strategic focus on expanding its asset base in road BOT projects while optimizing returns through efficient operation and maintenance, leveraging its expertise in infrastructure project lifecycle management. Its geographic operations span multiple Indian states including Gujarat, Maharashtra, Karnataka, Haryana, and Rajasthan, targeting government contracts within the highways and border infrastructure sectors. Sadbhav Infrastructure Project Limited is a subsidiary of Sadbhav Engineering Limited and remains a key player in India's infrastructure development segment specializing in road and highway BOT projects and infrastructure asset management.