Sadbhav Infrastructure Project Ltd.
Snapshot View

9.25 -0.48 ▼-4.9%

25 May 2022, 04:01:00 PM
Volume: 14,315

Overview View Details

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.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

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

Balance Sheet View Details

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

Profit Loss View Details

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

Cash Flow View Details

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

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 70.08 70.28 70.28 70.31 70.34 70.34 70.34 70.34 70.34
Public 29.92 29.72 29.72 29.69 29.66 29.66 29.66 29.66 29.66
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 82.25 82.01 82.01 79.22 79.19 79.19 83.76 83.76 99.18

Announcements View Details

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

Technical Scans View Details

Wed, 25 May 2022
Close Crossing Last Week Low Close Crossing Last Week Low
Closing Below Previous Low Closing Below Previous Low
Close Within 52 Week Low Zone Close Within 52 Week Low Zone
Close Entering 52 Week Low Zone Close Entering 52 Week Low Zone
High Decrease 1 Month High Decrease 1 Month

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Larsen & Toubro Ltd. 221,401.71 1,575.65 -3.1%
GMR Infrastructure Ltd. 21,850.12 36.20 -2.2%
IRB Infrastructure Developers Ltd. 13,959.15 231.15 -2.1%
GR Infraprojects Ltd. 13,294.74 1,375.00 -2.1%
KEC International Ltd. 9,769.36 380.00 -0.3%
KNR Constructions Ltd. 6,468.40 230.00 -0.3%
Rail Vikas Nigam Ltd. 6,442.71 30.90 -1.8%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Larsen & Toubro Ltd. Consolidated 2022-03 25.54 1,575.65 -3.1%
GMR Infrastructure Ltd. Consolidated 2022-03 0.00 36.20 -2.2%
IRB Infrastructure Developers Ltd. Consolidated 2022-03 38.63 231.15 -2.1%
GR Infraprojects Ltd. Consolidated 2021-03 13.92 1,375.00 -2.1%
KEC International Ltd. Consolidated 2022-03 29.42 380.00 -0.3%
KNR Constructions Ltd. Consolidated 2021-12 18.62 230.00 -0.3%
Rail Vikas Nigam Ltd. Consolidated 2021-12 5.77 30.90 -1.8%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Larsen & Toubro Ltd. Consolidated 2022-03 2.69 1,575.65 -3.1%
GMR Infrastructure Ltd. Consolidated 2022-03 11.39 36.20 -2.2%
IRB Infrastructure Developers Ltd. Consolidated 2022-03 1.11 231.15 -2.1%
GR Infraprojects Ltd. Consolidated 2021-03 2.93 1,375.00 -2.1%
KEC International Ltd. Consolidated 2022-03 2.70 380.00 -0.3%
KNR Constructions Ltd. Consolidated 2021-12 2.95 230.00 -0.3%
Rail Vikas Nigam Ltd. Consolidated 2021-12 1.01 30.90 -1.8%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Larsen & Toubro Ltd. Consolidated 2021-03 1.76 1,575.65 -3.1%
GMR Infrastructure Ltd. Consolidated 2021-03 -21.39 36.20 -2.2%
IRB Infrastructure Developers Ltd. Consolidated 2021-03 2.69 231.15 -2.1%
GR Infraprojects Ltd. Consolidated 2021-03 1.13 1,375.00 -2.1%
KEC International Ltd. Consolidated 2021-03 0.57 380.00 -0.3%
KNR Constructions Ltd. Consolidated 2021-03 0.39 230.00 -0.3%
Rail Vikas Nigam Ltd. Consolidated 2021-03 1.06 30.90 -1.8%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Larsen & Toubro Ltd. Consolidated 2021-03 18.20 1,575.65 -3.1%
GMR Infrastructure Ltd. Consolidated 2021-03 0.00 36.20 -2.2%
IRB Infrastructure Developers Ltd. Consolidated 2021-03 4.17 231.15 -2.1%
GR Infraprojects Ltd. Consolidated 2021-03 27.25 1,375.00 -2.1%
KEC International Ltd. Consolidated 2021-03 17.95 380.00 -0.3%
KNR Constructions Ltd. Consolidated 2021-03 21.38 230.00 -0.3%
Rail Vikas Nigam Ltd. Consolidated 2021-03 17.27 30.90 -1.8%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Larsen & Toubro Ltd. Consolidated 2021-03 18.20 1,575.65 -3.1%
GMR Infrastructure Ltd. Consolidated 2021-03 0.00 36.20 -2.2%
IRB Infrastructure Developers Ltd. Consolidated 2021-03 4.17 231.15 -2.1%
GR Infraprojects Ltd. Consolidated 2021-03 27.25 1,375.00 -2.1%
KEC International Ltd. Consolidated 2021-03 17.95 380.00 -0.3%
KNR Constructions Ltd. Consolidated 2021-03 21.38 230.00 -0.3%
Rail Vikas Nigam Ltd. Consolidated 2021-03 17.27 30.90 -1.8%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Larsen & Toubro Ltd. Consolidated 2021-03 148,292.62 1,575.65 -3.1%
GMR Infrastructure Ltd. Consolidated 2021-03 6,229.38 36.20 -2.2%
IRB Infrastructure Developers Ltd. Consolidated 2021-03 5,298.63 231.15 -2.1%
GR Infraprojects Ltd. Consolidated 2021-03 7,844.13 1,375.00 -2.1%
KEC International Ltd. Consolidated 2021-03 13,114.20 380.00 -0.3%
KNR Constructions Ltd. Consolidated 2021-03 2,903.63 230.00 -0.3%
Rail Vikas Nigam Ltd. Consolidated 2021-03 15,403.76 30.90 -1.8%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Larsen & Toubro Ltd. Consolidated 2021-03 12,906.88 1,575.65 -3.1%
GMR Infrastructure Ltd. Consolidated 2021-03 -3,082.08 36.20 -2.2%
IRB Infrastructure Developers Ltd. Consolidated 2021-03 282.95 231.15 -2.1%
GR Infraprojects Ltd. Consolidated 2021-03 954.83 1,375.00 -2.1%
KEC International Ltd. Consolidated 2021-03 552.72 380.00 -0.3%
KNR Constructions Ltd. Consolidated 2021-03 375.40 230.00 -0.3%
Rail Vikas Nigam Ltd. Consolidated 2021-03 922.85 30.90 -1.8%