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Sadbhav Infrastructure Project Ltd.
(SADBHIN)
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Rating:43Neutral
Price Target:
₹3.00
▼(-19.57% Downside)
Action:Reiterated
Date:05/29/26
The score is held down primarily by weak financial fundamentals—persistent net losses alongside negative equity and high leverage—despite a notable near-term improvement in operating and free cash flow. Technicals also point to a continuing downtrend, while valuation signals are constrained by loss-making earnings and no stated dividend yield.
Positive Factors
Improved cash generation
A material rise in operating and free cash flow strengthens the firm's ability to service project-level obligations, fund O&M and limited capex from internally generated funds, and reduces near-term refinancing pressure. Sustained cash conversion improves resilience for multi-year concessions and PPP commitments.
Negative Factors
Negative equity and high absolute debt
Persistently negative equity and sizable nominal debt materially limit financial flexibility, increase refinancing and covenant risk, and constrain the ability to win or fund new projects. In project-driven infrastructure, a stressed capital base raises the probability of distress under adverse cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
A material rise in operating and free cash flow strengthens the firm's ability to service project-level obligations, fund O&M and limited capex from internally generated funds, and reduces near-term refinancing pressure. Sustained cash conversion improves resilience for multi-year concessions and PPP commitments.
Read all positive factors
Sadbhav Infrastructure Project Ltd. (SADBHIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹972.14M
Dividend YieldN/A
Average Volume (3M)49.69K
Price to Earnings (P/E)―
Beta (1Y)1.50
Revenue Growth10.03%
EPS Growth73.66%
CountryIN
Employees55
SectorGeneral
Sector StrengthN/A
IndustryGeneral Transportation
Share Statistics
EPS (TTM)-2.00
Shares Outstanding352,225,220
10 Day Avg. Volume30,704
30 Day Avg. Volume49,694
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)-0.12
Price to Sales (P/S)0.10
P/FCF Ratio0.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sadbhav Infrastructure Project Ltd. Business Overview & Revenue Model
Company Description
Sadbhav Infrastructure Project Limited engages in the development, construction, operation, and maintenance of infrastructure projects in India. The company develops roadways and highways. It is also involved in the business of build operate trans...
How the Company Makes Money
SADBHIN primarily makes money through cash flows generated by its portfolio of road project SPVs under concession agreements. Key revenue streams typically include: (1) Toll/usage-based collections from motorists on operational BOT (toll) road ass...
Sadbhav Infrastructure Project Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
18
Very Negative
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.41B | 7.75B | 7.04B | 7.79B | 8.25B | 9.60B |
| Gross Profit | 5.19B | 4.41B | 3.86B | 2.93B | 4.42B | 3.50B |
| EBITDA | 5.00B | 5.29B | 4.43B | -410.90M | 2.38B | 8.98B |
| Net Income | -672.92M | -198.68M | -749.83M | -5.43B | -3.75B | -210.24M |
Balance Sheet | ||||||
| Total Assets | 51.04B | 43.42B | 52.40B | 55.19B | 76.99B | 89.18B |
| Cash, Cash Equivalents and Short-Term Investments | 613.19M | 24.89B | 458.47M | 412.38M | 522.28M | 1.67B |
| Total Debt | 30.84B | 25.92B | 32.06B | 32.91B | 40.69B | 51.48B |
| Total Liabilities | 56.20B | 49.16B | 58.07B | 61.48B | 79.37B | 87.71B |
| Stockholders Equity | -5.23B | -6.18B | -5.45B | -5.67B | -1.65B | 2.29B |
Cash Flow | ||||||
| Free Cash Flow | 4.11B | 6.37B | 1.84B | 12.64B | 15.86B | -16.44B |
| Operating Cash Flow | 4.11B | 7.27B | 3.81B | 12.65B | 16.43B | -1.95B |
| Investing Cash Flow | -1.49B | -1.12B | -3.04B | -289.59M | -1.91B | 10.87B |
| Financing Cash Flow | -2.70B | -5.93B | -854.04M | -12.46B | -15.28B | -8.69B |
Sadbhav Infrastructure Project Ltd. Technical Analysis
Negative
3.73
Price Trends
2.84
Negative
2.94
Negative
3.34
Negative
Market Momentum
-0.04
Positive
44.18
Neutral
23.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SADBHIN, the sentiment is Negative. The current price of 3.73 is above the 20-day moving average (MA) of 2.84, above the 50-day MA of 2.84, and above the 200-day MA of 3.34, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 44.18 is Neutral, neither overbought nor oversold. The STOCH value of 23.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SADBHIN.
Sadbhav Infrastructure Project Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹15.54B | 16.07 | ― | 1.80% | 8.57% | 17.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹1.42B | 5.37 | ― | ― | -6.15% | ― | |
50 Neutral | ₹3.83B | -16.46 | ― | ― | 40.80% | -109.62% | |
50 Neutral | ₹641.75M | 7.10 | ― | ― | -34.89% | -59.38% | |
45 Neutral | ₹3.13B | 25.33 | ― | 0.47% | 4.13% | -84.27% | |
43 Neutral | ₹972.14M | -4.91 | ― | ― | 10.03% | 73.66% |
* General Sector Average
IN:SADBHIN
Sadbhav Infrastructure Project Ltd.
2.74
-2.20
-44.53%
IN:GPTINFRA
GPT Infraprojects Limited
123.95
2.41
1.98%
IN:MBLINFRA
MBL Infrastructure Limited
26.24
-18.40
-41.22%
IN:RKEC
RKEC Projects Ltd.
27.34
-49.43
-64.39%
IN:RPPINFRA
RPP Infra Projects Ltd.
62.33
-74.77
-54.54%
IN:SADBHAV
Sadbhav Engineering Limited
8.32
-4.31
-34.13%
Sadbhav Infrastructure Project Ltd. Corporate Events
Sadbhav Infrastructure Approves FY26 Results with Audit Qualifications, Appoints New CFO
May 27, 2026
Sadbhav Infrastructure Project Limited’s board has approved the standalone and consolidated audited financial results for the quarter and full year ended 31 March 2026, in line with regulatory requirements. The auditors’ reports on the...
Sadbhav Infrastructure Approves FY26 Results With Modified Audit Opinion, Names New CFO
May 27, 2026
Sadbhav Infrastructure Project Limited’s board has approved the standalone and consolidated audited financial results for the quarter and year ended 31 March 2026, in line with securities listing requirements. The auditor’s reports on ...
Sadbhav Infrastructure Board Clears FY26 Results, Appoints New CFO
May 27, 2026
Sadbhav Infrastructure Project Limited reported that its board has approved the standalone and consolidated audited financial results for the quarter and year ended 31 March 2026. The auditors issued a modified opinion on these results, and the co...
Sadbhav Infrastructure Board Acts on Non-Compliance Over Director Composition
May 27, 2026
Sadbhav Infrastructure Project Limited disclosed that its Board of Directors reviewed a case of non-compliance with Regulation 17(1) of SEBI’s Listing Obligations and Disclosure Requirements concerning the composition of the Board. The stock...
Sadbhav Infrastructure Updates Disclosure Authorizations After New CFO Appointment
May 27, 2026
Sadbhav Infrastructure Project Limited has revised its internal authorization framework under securities disclosure norms following the appointment of Kaivan Vora as chief financial officer. The company has designated its executive chairman, the n...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.