Sadbhav Infrastructure Project Ltd. (SADBHIN) AI Stock Analysis

• Market Cap: ₹1.30B
• Dividend Yield: N/A
• Average Volume (3M): 49.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.22
• Revenue Growth: 4.63%
• EPS Growth: 67.17%
• Country: IN
• Employees: 53
• Sector: Services
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): 0.30
• Shares Outstanding: 352,225,220
• 10 Day Avg. Volume: 30,704
• 30 Day Avg. Volume: 49,694
• PEG Ratio: 0.02
• Price to Book (P/B): -0.29
• Price to Sales (P/S): 0.22
• P/FCF Ratio: 0.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: ₹3.50 ▼(-4.89% Downside)

The overall stock score is primarily impacted by the company's weak financial performance and poor valuation metrics. Technical analysis provides a neutral outlook, but the lack of earnings call data and corporate events leaves the score heavily reliant on financial fundamentals.

Positive Factors

Gross Profit Margin Improvement

Improved gross profit margins indicate better cost management and operational efficiency, which can enhance profitability over the long term.

Positive Free Cash Flow

Generating positive free cash flow suggests the company is able to cover its capital expenditures, supporting sustainable operations and potential growth.

Revenue Streams Diversification

Diversified revenue streams from EPC contracts, PPPs, and maintenance services reduce dependency on a single income source, enhancing financial stability.

Negative Factors

Declining Revenue

A trend of declining revenue over several years can indicate challenges in maintaining market share or competitiveness, affecting long-term growth prospects.

High Leverage

High leverage increases financial risk, limiting the company's ability to invest in growth opportunities and potentially leading to financial distress.

Consistent Net Losses

Ongoing net losses indicate operational inefficiencies and financial strain, which can undermine the company's ability to sustain operations and invest in future growth.

Sadbhav Infrastructure Project Ltd. Business Overview & Revenue Model

Company Description

Sadbhav Infrastructure Project Ltd. (SADBHIN) is a prominent player in the Indian infrastructure sector, focusing on the development, operation, and maintenance of various infrastructure projects. The company operates primarily in sectors such as highways, roads, and irrigation, offering a range of services that include construction, project management, and consultancy. SADBHIN is known for its expertise in executing large-scale infrastructure projects that contribute to the nation's economic growth and development.

How the Company Makes Money

Sadbhav Infrastructure Project Ltd. generates revenue through multiple streams primarily associated with its infrastructure projects. The company earns money by entering into engineering, procurement, and construction (EPC) contracts, where it undertakes the construction of roads, highways, and other civil works for government and private entities. Additionally, SADBHIN engages in public-private partnerships (PPPs) that allow it to invest in and operate infrastructure projects, thus generating income through tolls and user fees. The firm also earns revenue from maintenance services and consultancy for infrastructure projects. Strategic partnerships with government bodies and private sector players enhance its project pipeline and revenue potential, while robust project execution capabilities ensure timely delivery and operational efficiency, contributing to its financial sustainability.

Sadbhav Infrastructure Project Ltd. Financial Statement Overview

Summary

Sadbhav Infrastructure Project Ltd. faces significant financial challenges with declining revenues, consistent net losses, high leverage, and negative equity. Despite some positive trends in gross profit margins and free cash flow, the overall financial health remains precarious.

Income Statement

The company's income statement reflects significant challenges, with declining revenue from 2020 to 2025 and persistent negative net income. Gross profit margin has improved in recent years, suggesting some efficiency gains, but the net loss trend is concerning. The EBIT and EBITDA margins show mixed results, indicating inconsistent operational performance.

Balance Sheet

The balance sheet is distressing with negative stockholders' equity, indicating financial instability. The debt-to-equity ratio cannot be calculated meaningfully due to negative equity, implying high leverage risk. While total assets have decreased, the liabilities remain high, contributing to the weak equity position.

Cash Flow

Cash flow statements show some improvement in free cash flow in recent years, but the operating cash flow has been erratic. The positive free cash flow in 2025 implies some operational efficiency, but the volatility in cash flows suggests ongoing financial management challenges.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.23B	7.04B	7.79B	8.25B	9.60B	12.68B
Gross Profit	4.88B	3.86B	2.93B	4.42B	3.50B	4.41B
EBITDA	5.02B	4.43B	-410.90M	2.38B	8.98B	7.54B
Net Income	-421.88M	-749.83M	-5.43B	-3.75B	-210.24M	-2.78B
Balance Sheet
Total Assets	0.00	52.40B	55.19B	76.99B	89.18B	97.43B
Cash, Cash Equivalents and Short-Term Investments	458.47M	458.47M	412.38M	522.28M	1.67B	1.09B
Total Debt	0.00	32.06B	32.91B	40.69B	51.48B	63.01B
Total Liabilities	5.67B	58.07B	61.48B	79.37B	87.71B	95.56B
Stockholders Equity	-5.67B	-5.45B	-5.67B	-1.65B	2.29B	1.87B
Cash Flow
Free Cash Flow	0.00	1.84B	12.64B	15.86B	-16.44B	3.16B
Operating Cash Flow	0.00	3.81B	12.65B	16.43B	-1.95B	3.44B
Investing Cash Flow	0.00	-3.04B	-289.59M	-1.91B	10.87B	851.00M
Financing Cash Flow	0.00	-854.04M	-12.46B	-15.28B	-8.69B	-8.13B

Sadbhav Infrastructure Project Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 3.68 is above the 20-day moving average (MA) of 3.68, below the 50-day MA of 3.74, and below the 200-day MA of 4.37, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 48.88 is Neutral, neither overbought nor oversold. The STOCH value of 56.76 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RKEC	59 Neutral	₹1.27B	7.99	―	―	-12.26%	-36.87%
BRNL	58 Neutral	₹1.89B	1.05	―	―	-57.13%	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SADBHIN	44 Neutral	₹1.30B	-1.93	―	―	4.63%	67.17%

Sadbhav Infrastructure Project Ltd. Corporate Events

Sadbhav Infrastructure Announces Financial Results and Leadership Changes

Sadbhav Infrastructure Project Limited held a board meeting on November 12, 2025, where it approved the unaudited financial results for the quarter and half-year ending September 30, 2025. Additionally, the board appointed Mr. Kedar Pandya as the new Company Secretary and Compliance Officer, while accepting the resignation of Mr. Jatin Thakkar as Chief Financial Officer due to personal reasons. These changes in leadership and the financial results are significant for the company’s operational and strategic direction.

Sadbhav Infrastructure Announces Financial Results and Leadership Changes

Sadbhav Infrastructure Project Limited announced its unaudited financial results for the quarter and half-year ending September 30, 2025, which were approved by the Board of Directors. The company also appointed Mr. Kedar Pandya as the new Company Secretary and Compliance Officer, while accepting the resignation of Mr. Jatin Thakkar as Chief Financial Officer due to personal reasons. These changes may impact the company’s operational dynamics and leadership structure.

Sadbhav Infrastructure Announces Executive Changes and Financial Results

Sadbhav Infrastructure Project Limited announced key changes in its executive team and financial results. The company appointed Mr. Kedar Pandya as the new Company Secretary and Compliance Officer, while Mr. Jatin Thakkar resigned as Chief Financial Officer due to personal reasons. Additionally, the Board approved the unaudited financial results for the quarter and half-year ended September 30, 2025, reflecting the company’s ongoing financial performance.

Leadership Changes and Financial Updates at Sadbhav Infrastructure

Sadbhav Infrastructure Project Limited announced the resignation of its Chief Financial Officer, Mr. Jatin Thakkar, effective November 12, 2025, due to personal reasons. Additionally, the company reported its unaudited financial results for the quarter and half-year ending September 30, 2025, and appointed Mr. Kedar Pandya as the new Company Secretary and Compliance Officer. These changes reflect the company’s ongoing efforts to maintain robust governance and transparency while navigating leadership transitions.

Sadbhav Infrastructure Appoints New Secretarial Auditor

Sadbhav Infrastructure Project Ltd. has announced the appointment of M/s Ashish Shah & Associates as the secretarial auditor of the company, effective from September 30, 2025. This appointment, in compliance with SEBI regulations, is set for a five-year term starting April 1, 2025, and aims to ensure thorough secretarial audits and compliance with regulatory requirements, thereby strengthening the company’s governance and operational transparency.

Cessation of Executive Director at Sadbhav Infrastructure Project Limited

Sadbhav Infrastructure Project Limited announced the cessation of Mr. Jatin Thakkar as Executive Director effective September 30, 2025, following the non-approval of his reappointment by the company’s members at the Annual General Meeting. This development may impact the company’s governance structure and could have implications for its strategic direction, as leadership changes often influence company operations and stakeholder confidence.