| Sector |
Infrastructure
|
Compare with Sector peers |
| Industry |
Engineering - Construction
|
Compare with Industry peers |
| Website | https://www.sadbhavinfra.co.in | |
| Market Cap | 326.51 Cr. | |
| Enterprise Value(EV) | 5,430.49 Cr. | 2021-09 |
| Financial Indicators | ||
|---|---|---|
| Earnings per share (EPS) | -7.26 | Trailing Twelve Months Ending 2021-12 |
| Price-Earning Ratio (PE) | - | Trailing Twelve Months Ending 2021-12 |
| Industry PE | 37.14 | Trailing Twelve Months Ending 2021-12 |
| Book Value / Share | -0.27 | Trailing Twelve Months Ending 2021-12 |
| Price to Book Value | -34.61 | Calculated using Price: 9.25 |
| Dividend Yield | 0.00 | Period Ending 2021-03 |
| No. of Shares Subscribed | 35.22 Cr. | 352,225,216 Shares |
| FaceValue | 10 | |
| Company Profile | ||
|
The company was incorporated as Sadbhav Infrastructure Project Limited on January 18, 2007 at Ahmedabad as a public limited company under the Companies Act, 1956. The company obtained a certificate for commencement of business on February 7, 2007. The company is one of the leading road BOT companies in India that specialises in the development, operation and maintenance of highways, roads and related projects. The company, a subsidiary of Sadbhav Engineering (SEL), was incorporated as a developer and operator for highways, road and related projects on a BOT basis. All of its projects are implemented and held through special purpose vehicles, including joint venture entities. The company has a project portfolio consisting of ten BOT projects of which six road projects are fully operational, one is the partially operational border check posts and the remaining three projects are in various stages of development. Nine of the ten BOT projects are toll projects (including user fee for the border check posts in Maharashtra), while the remaining one is an annuity project. The company has initiated the process to acquire from SEL, the company corporate Promoter, 74.00% of the outstanding equity interest in MBHPL and 39.00% of the outstanding equity interest in DPTL. This restructuring is in accordance with its overall growth strategy to consolidate all BOT road projects to be developed by the company, in which SEL, its corporate Promoter, has shareholding. The company has also agreed to acquire 60.00% of the outstanding equity interest in DPTL from HCC Concessions and HCC. If these acquisitions are completed, its project portfolio will increase to 12 BOT projects, with seven fully operational projects, one partially operational border check posts project and four projects in various stages of development. The company benefits significantly from the experience of and relationships established by SEL, its Corporate Promoter. The company generates revenues primarily from toll collection, user fee and annuity receipts. The company also provides operation and maintenance and advisory and project management services to its projects. Business area of the company The company is pre-qualified on an annual basis to bid either directly or through joint ventures for DBFOT projects. The company is involved in the development, operation and maintenance of national and state highways and roads in several states in India including Maharashtra, Gujarat, Rajasthan, Karnataka, Haryana, Madhya Pradesh and Telangana and border check posts in the state of Maharashtra. Major events and milestones 2006-07: the company was incorporated as ‘Sadbhav Infrastructure Project Limited’. 2010-11: The company issued certain Equity Shares and CCCPS aggregating to ? 4,000 million collectively to Xander and Norwest. 2010-11: The company acquired equity shares of BHTPL aggregating to 76.99% of the equity share capital of BHTPL resulting in the company holding 76.99% of the share capital of BHTPL. 2010-11: The company acquired equity shares of ARRIL aggregating to 79.99% of the equity share capital of ARRIL from SEL resulting in the company holding 79.99% of the share capital of ARRIL. 2011-12: The company acquired equity shares of NSEL aggregating to 39% of the equity share capital of NSEL from SREI Venture Capital Trust A/c Infrastructure Project Development Fund resulting in the company and SEL collectively holding 90% of the share capital of NSEL. 2012-13: The company acquired equity shares of AJTL aggregating to 49% of the equity share capital of AJTL from PBA resulting in AJTL becoming itswholly owned subsidiary. 2012-13: The company issued SEL CCDs aggregating to Rs 750 million to SEL, itscorporate Promoter. 2013-14: The company acquired equity shares of NSEL aggregating to 9.99% of the equity share capital of NSEL from SREI Infrastructure Finance Limited resulting in the company and SEL collectively holding 99.99% of the share capital of NSEL. 2014-15: The company issued certain non convertible debentures aggregating to Rs 1,405.40 million to ITCL. 2014-15: The company acquired equity shares of NSEL aggregating to 21% of the equity share capital of NSEL from SEL resulting in the company holding 69.99% of the share capital of NSEL. 2014-15: The company acquired equity shares of BRTPL aggregating to 26% of the equity share capital of BRTPL from SEL resulting in the company holding 100% of the share capital of BRTPL. 2014-15: The company acquired equity shares of MBCPNL aggregating to 50.80% of the equity share capital of MBCPNL from SEL resulting in the company holding 77.82% of the share capital of MBCPNL. 2014-15: The company acquired equity shares of RHTPL aggregating to 26% of the equity share capital of RHTPL from SEL resulting in the company holding 100% of the share capital of RHTPL. 2014-15: The company acquired equity shares of SUTPL aggregating to 26% of the equity share capital of SUTPL from SEL resulting in the company holding 100% of the share capital of SUTPL. 2014-15: The company acquired equity shares of HYTPL aggregating to 39.99% of the equity share capital of HYTPL from GKC resulting in the company holding 99.99% of the share capital of HYTPL. 2014-15: The company issued certain listed, unsecured, rated, redeemable and taxable non convertible debentures aggregating to Rs 1,600 million to various subscribers. 2014-15: The company issued certain non convertible debentures aggregating to Rs 2,000 million to various subscribers. 2014-15: NSEL received rating of ‘AAA(SO)’ from CARE. 2014-15: The company received qualifications from NHAI as bidder for various BOT projects, with the highest estimated project cost being Rs 23,561.6 million. 2015-16: The company acquired equity shares of ARRIL aggregating to 13.99% of the equity share capital of ARRIL from PIPL resulting in the company holding 93.99% of the share capital of ARRIL. 2015-16: The company received annual pre-qualification for national highways projects on DBFOT basis having estimated project cost of Rs 26,500 million. 2015-16: The company acquired equity shares of NSEL aggregating to 29.99% of the equity share capital of NSEL from SEL resulting in the company holding 99.99% of the share capital of NSEL. |
||
Company Profile
The company was incorporated as Sadbhav Infrastructure Project Limited on January 18, 2007 at Ahmedabad as a public limited company under the Companies Act, 1956. The company obtained a certificate for commencement of business on February 7, 2007. The company is one of the leading road BOT companies in India that specialises in the development, operation and maintenance of highways, roads and related projects. The company, a subsidiary of Sadbhav Engineering (SEL), was incorporated as a developer and operator for highways, road and related projects on a BOT basis. All of its projects are implemented and held through special purpose vehicles, including joint venture entities.
The company has a project portfolio consisting of ten BOT projects of which six road projects are fully operational, one is the partially operational border check posts and the remaining three projects are in various stages of development. Nine of the ten BOT projects are toll projects (including user fee for the border check posts in Maharashtra), while the remaining one is an annuity project.
The company has initiated the process to acquire from SEL, the company corporate Promoter, 74.00% of the outstanding equity interest in MBHPL and 39.00% of the outstanding equity interest in DPTL. This restructuring is in accordance with its overall growth strategy to consolidate all BOT road projects to be developed by the company, in which SEL, its corporate Promoter, has shareholding. The company has also agreed to acquire 60.00% of the outstanding equity interest in DPTL from HCC Concessions and HCC. If these acquisitions are completed, its project portfolio will increase to 12 BOT projects, with seven fully operational projects, one partially operational border check posts project and four projects in various stages of development.
The company benefits significantly from the experience of and relationships established by SEL, its Corporate Promoter. The company generates revenues primarily from toll collection, user fee and annuity receipts. The company also provides operation and maintenance and advisory and project management services to its projects.
Business area of the company
The company is pre-qualified on an annual basis to bid either directly or through joint ventures for DBFOT projects. The company is involved in the development, operation and maintenance of national and state highways and roads in several states in India including Maharashtra, Gujarat, Rajasthan, Karnataka, Haryana, Madhya Pradesh and Telangana and border check posts in the state of Maharashtra.
Major events and milestones
2006-07: the company was incorporated as ‘Sadbhav Infrastructure Project Limited’.
2010-11: The company issued certain Equity Shares and CCCPS aggregating to ? 4,000 million collectively to Xander and Norwest.
2010-11: The company acquired equity shares of BHTPL aggregating to 76.99% of the equity share capital of BHTPL resulting in the company holding 76.99% of the share capital of BHTPL.
2010-11: The company acquired equity shares of ARRIL aggregating to 79.99% of the equity share capital of ARRIL from SEL resulting in the company holding 79.99% of the share capital of ARRIL.
2011-12: The company acquired equity shares of NSEL aggregating to 39% of the equity share capital of NSEL from SREI Venture Capital Trust A/c Infrastructure Project Development Fund resulting in the company and SEL collectively holding 90% of the share capital of NSEL.
2012-13: The company acquired equity shares of AJTL aggregating to 49% of the equity share capital of AJTL from PBA resulting in AJTL becoming itswholly owned subsidiary.
2012-13: The company issued SEL CCDs aggregating to Rs 750 million to SEL, itscorporate Promoter.
2013-14: The company acquired equity shares of NSEL aggregating to 9.99% of the equity share capital of NSEL from SREI Infrastructure Finance Limited resulting in the company and SEL collectively holding 99.99% of the share capital of NSEL.
2014-15: The company issued certain non convertible debentures aggregating to Rs 1,405.40 million to ITCL.
2014-15: The company acquired equity shares of NSEL aggregating to 21% of the equity share capital of NSEL from SEL resulting in the company holding 69.99% of the share capital of NSEL.
2014-15: The company acquired equity shares of BRTPL aggregating to 26% of the equity share capital of BRTPL from SEL resulting in the company holding 100% of the share capital of BRTPL.
2014-15: The company acquired equity shares of MBCPNL aggregating to 50.80% of the equity share capital of MBCPNL from SEL resulting in the company holding 77.82% of the share capital of MBCPNL.
2014-15: The company acquired equity shares of RHTPL aggregating to 26% of the equity share capital of RHTPL from SEL resulting in the company holding 100% of the share capital of RHTPL.
2014-15: The company acquired equity shares of SUTPL aggregating to 26% of the equity share capital of SUTPL from SEL resulting in the company holding 100% of the share capital of SUTPL.
2014-15: The company acquired equity shares of HYTPL aggregating to 39.99% of the equity share capital of HYTPL from GKC resulting in the company holding 99.99% of the share capital of HYTPL.
2014-15: The company issued certain listed, unsecured, rated, redeemable and taxable non convertible debentures aggregating to Rs 1,600 million to various subscribers.
2014-15: The company issued certain non convertible debentures aggregating to Rs 2,000 million to various subscribers.
2014-15: NSEL received rating of ‘AAA(SO)’ from CARE.
2014-15: The company received qualifications from NHAI as bidder for various BOT projects, with the highest estimated project cost being Rs 23,561.6 million.
2015-16: The company acquired equity shares of ARRIL aggregating to 13.99% of the equity share capital of ARRIL from PIPL resulting in the company holding 93.99% of the share capital of ARRIL.
2015-16: The company received annual pre-qualification for national highways projects on DBFOT basis having estimated project cost of Rs 26,500 million.
2015-16: The company acquired equity shares of NSEL aggregating to 29.99% of the equity share capital of NSEL from SEL resulting in the company holding 99.99% of the share capital of NSEL.
| 1 Day |
|
-4.93% |
| 1 Week |
|
-13.06% |
| 1 Month |
|
-22.40% |
| 3 Month |
|
-8.78% |
| 6 Month |
|
-32.73% |
| 1 Year |
|
-57.95% |
| 2 Year |
|
-40.32% |
| 5 Year |
|
-90.94% |
| 10 Year |
|
| 9 years | 2013-03 | 2014-03 | 2015-03 | 2016-03 | 2017-03 | 2018-03 | 2019-03 | 2020-03 | 2021-03 | |
| Return on Equity (%) | -5.75 | -21.26 | -43.03 | -57.03 | -137.01 | -85.24 | ||||
| Return on Capital Employed (%) | 3.56 | 3.33 | 2.82 | 7.86 | 8.31 | 9.99 | 11.10 | 30.17 | 9.81 | |
| Return on Assets (%) | -1.12 | -2.73 | -3.73 | -3.50 | -3.48 | -3.07 | -2.02 | 9.24 | -2.92 |
| Particulars | 10 years | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2021-09* Rs. Cr. |
| Shh. Funds | 974 | 828 | 781 | 455 | 72 | -266 | -549 | 466 | 187 | -50 | |
| Non Curr. Liab. | 4,007 | 6,784 | 8,039 | 8,710 | 9,269 | 9,636 | 10,905 | 6,651 | 6,403 | 5,842 | |
| Curr. Liab. | 244 | 828 | 1,011 | 1,078 | 1,068 | 2,185 | 2,623 | 2,180 | 3,153 | 3,486 | |
| Minority Int. | 159 | 188 | 57 | -7 | 26 | 11 | -2 | ||||
| Equity & Liab. | 5,385 | 8,627 | 9,888 | 10,237 | 10,435 | 11,566 | 12,978 | 9,297 | 9,743 | 9,278 | |
| Non Curr. Assets | 5,193 | 8,414 | 9,544 | 9,992 | 10,022 | 9,811 | 11,640 | 7,648 | 7,868 | 6,398 | |
| Curr. Assets | 192 | 213 | 344 | 245 | 412 | 1,755 | 1,338 | 1,649 | 1,875 | 2,880 | |
| Misc. Exp. not W/O | 1 | ||||||||||
| Total Assets | 5,385 | 8,627 | 9,888 | 10,237 | 10,435 | 11,566 | 12,978 | 9,297 | 9,743 | 9,278 |
| Particulars | 10 years | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2021-12 Rs. Cr. TTM |
| Net Sales | 287 | 374 | 511 | 1,971 | 1,348 | 2,262 | 3,548 | 2,270 | 1,281 | 1,023 | |
| Other Income | 28 | 22 | 29 | 39 | 56 | 60 | 182 | 312 | 329 | 372 | |
| Total Income | 315 | 396 | 539 | 2,010 | 1,404 | 2,322 | 3,730 | 2,583 | 1,609 | 1,394 | |
| Total Expenditure | -118 | -130 | -227 | -1,322 | -479 | -1,218 | -2,500 | -1,414 | -899 | -717 | |
| PBIDT | 198 | 266 | 313 | 688 | 925 | 1,104 | 1,230 | 1,169 | 711 | 677 | |
| Interest | -195 | -355 | -526 | -977 | -1,056 | -1,141 | -1,175 | -1,276 | -877 | -812 | |
| Depreciation | -50 | -92 | -142 | -136 | -221 | -261 | -296 | -293 | -117 | -83 | |
| Taxation | -5 | -10 | -2 | 11 | -8 | -41 | -61 | -73 | -38 | -5 | |
| Exceptional Items | 12 | 62 | 53 | 1,503 | 43 | -32 | |||||
| PAT | -52 | -191 | -346 | -353 | -360 | -338 | -248 | 1,029 | -278 | -256 | |
| Minority Interest | 13 | 39 | 2 | 12 | 7 | 9 | 3 | 4 | |||
| Share Associate | |||||||||||
| Other Related Items | -7 | ||||||||||
| Consolidated Net Profit | -46 | -152 | -343 | -341 | -353 | -329 | -245 | 1,034 | -278 | -256 | |
| Adjusted EPS | -2 | -5 | -11 | -10 | -10 | -9 | -7 | 29 | -8 | -7 |
| Particulars | 10 years | 2012-03 Rs. Cr. | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. |
| Cash Fr. Operatn. | 111 | 140 | 331 | 264 | 749 | 777 | 603 | 192 | 285 | 344 | |
| Cash Fr. Inv. | -1,462 | -910 | -945 | -1,096 | -1,147 | -258 | -98 | -201 | 283 | 90 | |
| Cash Fr. Finan. | 1,423 | 698 | 615 | 947 | 315 | -556 | -500 | 25 | -554 | -388 | |
| Net Change | 72 | -72 | 0 | 116 | -83 | -37 | 5 | 17 | 14 | 46 | |
| Cash & Cash Eqvt | 124 | 52 | 52 | 167 | 87 | 50 | 56 | 73 | 56 | 102 |
|
Thu, 19 May 2022
Board Meeting Intimation for Board Meeting Intimation For Consideration And Approval Of The Audited Financial Results For The Quarter And Year Ended 31St March 2022. Sadbhav Infrastructure Project Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2022 inter alia to consider and approve the Audited Financial Results for the quarter and Year ended 31st March 2022 and to consider other business matters if any. |
|
Mon, 11 Apr 2022
Compliances-Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations 2015 For The Year Ended 31St March 2022 Submission of Yearly Certificate about Transfer of shares from Practicing Company Secretary in pursuance of Regulation 40(10) read with Regulation 40(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 for the year ended as on 31st March 2022. |
|
Thu, 07 Apr 2022
Compliance Certificate Pursuant To Regulation 7 (3) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Year Ended As On 31St March 2022 Compliance Certificate Pursuant to Regulation 7 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 for the year ended as on 31st March 2022 |
| Wed, 25 May 2022 |
Close Crossing Last Week Low
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Closing Below Previous Low
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Close Within 52 Week Low Zone
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Close Entering 52 Week Low Zone
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High Decrease 1 Month
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