Sadbhav Engineering
Sadbhav Engineering
IndustrialsKey Fundamentals
MicrocapCivil ConstructionConstructionTapetide Score
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Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
8- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -15.4% over past five years.
- Promoter holding is low: 25.5%
- Contingent liabilities of Rs.174 Cr.
- Earnings include an other income of Rs.187 Cr.
- Debtor days have increased from 68.3 to 105 days.
- Promoter holding has decreased over last 3 years: -12.2%
- Working capital days have increased from -103 days to 68.8 days
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 711 | 438 | 301 | 473 | 301 | 206 | 240 | 290 | 222 | 250 | 230 | 271 | 204 |
| Expenses | 558 | 332 | 245 | 707 | 202 | 105 | 114 | 198 | 75 | 103 | 64 | 200 | 51 |
| Operating Profit | 153 | 107 | 56 | -234 | 99 | 101 | 126 | 91 | 147 | 147 | 166 | 71 | 153 |
| OPM % | 22% | 24% | 19% | -50% | 33% | 49% | 52% | 32% | 66% | 59% | 72% | 26% | 75% |
| Other Income | 19 | -225 | -70 | 87 | 15 | 87 | 40 | -67 | 24 | 60 | -83 | 199 | 10 |
| Interest | 143 | 151 | 140 | 126 | 108 | 104 | 140 | 105 | 94 | 140 | 110 | 70 | 66 |
| Depreciation | 33 | 32 | 32 | 31 | 32 | 31 | 32 | 32 | 34 | 32 | 34 | 39 | 37 |
| PBT | -4 | -302 | -186 | -305 | -26 | 53 | -7 | -113 | 43 | 35 | -61 | 161 | 60 |
| Tax % | 333% | -3% | -2% | -5% | 17% | 12% | 149% | 47% | 27% | 23% | 40% | 24% | 23% |
| Net Profit | -16 | -293 | -183 | -288 | -31 | 47 | -16 | -165 | 31 | 27 | -86 | 122 | 46 |
| EPS in Rs | -0.6 | -12.25 | -8.57 | -15.32 | -2.08 | 1.6 | -1.56 | -9.01 | 0.71 | 0.33 | -4.23 | 4.73 | 0.91 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,447 | 4,066 | 4,498 | 4,975 | 5,240 | 3,487 | 2,243 | 1,908 | 1,777 | 1,923 | 1,036 | 973 | 955 |
| Expenses | 2,861 | 3,064 | 3,302 | 3,493 | 3,759 | 2,342 | 1,645 | 2,255 | 1,729 | 1,842 | 607 | 441 | 417 |
| Operating Profit | 586 | 1,002 | 1,196 | 1,481 | 1,481 | 1,145 | 598 | -348 | 48 | 81 | 429 | 531 | 537 |
| OPM % | 17% | 25% | 27% | 30% | 28% | 33% | 27% | -18% | 2.7% | 4.2% | 41% | 55% | 56% |
| Other Income | 56 | 107 | 154 | 114 | 319 | 1,873 | 377 | 755 | 31 | -189 | 63 | 200 | 187 |
| Interest | 617 | 1,075 | 1,191 | 1,313 | 1,329 | 1,411 | 1,003 | 975 | 661 | 560 | 457 | 415 | 387 |
| Depreciation | 223 | 233 | 321 | 358 | 392 | 401 | 211 | 167 | 131 | 127 | 127 | 139 | 142 |
| PBT | -198 | -199 | -162 | -76 | 79 | 1,206 | -239 | -735 | -713 | -795 | -92 | 178 | 195 |
| Tax % | 17% | 11% | 6% | 50% | 168% | 8% | -1% | -1% | -2% | -2% | 79% | 47% | — |
| Net Profit | -235 | -221 | -172 | -114 | -54 | 1,106 | -237 | -728 | -699 | -780 | -166 | 95 | 110 |
| EPS in Rs | -10.23 | -6.02 | -3.15 | -0.18 | 1.23 | 46.21 | -9.03 | -42.18 | -34.34 | -36.72 | -11.04 | 1.53 | 1.74 |
| Div. Payout % | -7% | -12% | -24% | -555% | 81% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 1,520 | 992 | 889 | 874 | 818 | 1,584 | 1,428 | 784 | 158 | -143 | -258 | -128 |
| Borrowings | 6,963 | 9,001 | 10,080 | 10,056 | 11,143 | 6,768 | 7,103 | 6,159 | 5,151 | 4,133 | 4,176 | 3,264 |
| Other Liabilities | 3,433 | 2,748 | 2,804 | 3,913 | 4,024 | 3,839 | 3,842 | 3,968 | 4,377 | 3,012 | 2,701 | 2,707 |
| Total Liabilities | 11,933 | 12,759 | 13,790 | 14,860 | 16,002 | 12,207 | 12,390 | 10,928 | 9,704 | 7,020 | 6,636 | 5,860 |
| Fixed Assets | 7,721 | 8,730 | 10,057 | 9,792 | 9,727 | 4,461 | 4,234 | 411 | 318 | 198 | 137 | 91 |
| CWIP | 2,010 | 1,579 | 190 | 291 | 96 | 99 | 100 | 4 | 4 | 4 | 4 | 0 |
| Investments | 31 | 33 | 60 | 48 | 105 | 730 | 730 | 177 | 122 | 1 | 1 | 1 |
| Other Assets | 2,171 | 2,418 | 3,484 | 4,727 | 6,074 | 6,917 | 7,327 | 10,336 | 9,260 | 6,817 | 6,493 | 5,768 |
| Total Assets | 11,933 | 12,759 | 13,790 | 14,860 | 16,002 | 12,207 | 12,390 | 10,928 | 9,704 | 7,020 | 6,636 | 5,860 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 385 | 1,327 | 366 | 1,274 | 245 | 597 | 1,184 | -3,095 | 1,780 | 1,154 | 290 | 749 |
| Investing | -1,357 | -1,376 | -220 | -94 | -4 | 1,311 | 118 | 5,252 | 32 | 72 | 42 | -70 |
| Financing | 1,037 | -21 | -186 | -1,126 | -226 | -1,947 | -1,288 | -2,107 | -1,870 | -1,283 | -330 | -642 |
| Net Cash Flow | 64 | -70 | -41 | 53 | 15 | -38 | 14 | 49 | -58 | -57 | 2 | 37 |
| Free Cash Flow | -1,024 | -303 | 108 | 1,078 | 113 | 597 | 1,199 | 657 | 1,737 | 1,199 | 319 | 677 |
| CFO/OP | 77 | 140 | 29 | 93 | 25 | 56 | 201 | 920 | 3,674 | 1,715 | 73 | 143 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 73 | 129 | 102 | 76 | 13 | 27 | 62 | 79 | 52 | 48 | 105 |
| Inventory Days | 106 | 54 | 53 | 55 | 85 | 142 | 148 | 187 | 98 | — | — | 2 |
| Days Payable | 235 | 150 | 243 | 236 | 283 | 703 | 946 | 1,170 | 2,018 | — | — | 424 |
| Cash Conversion Cycle | -57 | -23 | -60 | -79 | -122 | -549 | -772 | -922 | -1,841 | 52 | 48 | -317 |
| Working Capital Days | 15 | -25 | -17 | 26 | -11 | 47 | -41 | -47 | -89 | -60 | -319 | 69 |
| ROCE % | 5% | 9% | 9% | 11% | 12% | 11% | 8% | 5% | 5% | 2% | 10% | 13% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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64 extracted metrics + investor summaries across FY10–FY26.
Documents
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Company Information
Incorporated in 1988, Sadbhav Engineering Ltd is an EPC contractor of road construction, mining and irrigation[1]
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