Shradha Infraprojects Ltd. (SHRADHA) AI Stock Analysis

• Market Cap: ₹2.64B
• Dividend Yield: 1.09%
• Average Volume (3M): 70.84K
• Price to Earnings (P/E): 14.4
• Beta (1Y): 1.54
• Revenue Growth: 10.83%
• EPS Growth: -3.84%
• Country: IN
• Employees: 13
• Sector: Services
• Sector Strength: N/A
• Industry: Real Estate - Services
• EPS (TTM): 0.67
• Shares Outstanding: 80,997,570
• 10 Day Avg. Volume: 41,689
• 30 Day Avg. Volume: 70,844
• PEG Ratio: -1.14
• Price to Book (P/B): 2.03
• Price to Sales (P/S): 2.90
• P/FCF Ratio: -10.80
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹35.00 ▼(-10.26% Downside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is driven primarily by solid financial progress (revenue growth/operational efficiency) offset by leverage and cash flow weakness, with technicals adding downside pressure due to bearish trend signals. Valuation provides some support via a moderate P/E and a modest dividend yield.

Positive Factors

Revenue Growth Momentum

Sustained ~23% revenue growth indicates expanding project wins or higher realizations in core services. Over 2-6 months this trend supports scale benefits, strengthens contract pipelines, and underpins medium-term revenue visibility for project-based cash generation and margin leverage.

Healthy EBITDA / Operational Efficiency

A healthy EBITDA margin signals structural operating efficiency in execution and cost control, which persists beyond short-term cycles. This supports the firm’s ability to convert top-line into operating cash, sustain project margins, and absorb input cost fluctuations over the coming months.

Rising Shareholders' Equity

Growth in shareholders' equity improves the firm’s capital base and equity ratio, providing a sturdier buffer against shocks. Structurally, higher equity enhances borrowing capacity and credit profile, reducing refinance vulnerability and supporting medium-term funding for project execution.

Negative Factors

High Leverage

A substantial debt burden and elevated debt-to-equity ratio create persistent interest and principal servicing requirements. Over the next several months, this increases refinancing and covenant risk, constrains strategic flexibility, and raises sensitivity to slower cash inflows or higher rates.

Weak Operating / Free Cash Flow

Negative operating and free cash flows signal structural liquidity weakness; operating earnings are not yet converting into cash. This necessitates external financing or asset sales to fund growth and debt service, increasing execution risk and limiting reinvestment capacity over the medium term.

Declining Net Profit Margins

Slightly declining net margins, despite revenue growth, suggest rising expenses or non-operational losses that erode bottom-line conversion. Persisting margin pressure can weaken return on capital, reduce retained earnings growth, and exacerbate cash flow stress in coming quarters.

Shradha Infraprojects Ltd. Business Overview & Revenue Model

Company Description

Shradha Infraprojects Limited, a real estate construction company, engages in the real estate development business in India. The company is involved in the construction of commercial complexes, residential houses, and business premises or civil works, as well as deals in real estate properties. It also provides engineering design and construction services. The company was formerly known as Shradha Infraprojects (Nagpur) Limited and changed its name to Shradha Infraprojects Limited. Shradha Infraprojects Limited was incorporated in 1997 and is based in Nagpur, India.

How the Company Makes Money

Shradha Infraprojects Ltd. generates revenue primarily through its real estate development projects, where it earns profits from the sale of residential and commercial properties. The company also undertakes construction contracts for various infrastructure projects, which provide a consistent revenue stream as they are often long-term in nature. Additional income is derived from leasing properties and providing project management services. Partnerships with government bodies and private developers enhance its project portfolio and expand its market reach, thereby contributing to its overall earnings.

Shradha Infraprojects Ltd. Financial Statement Overview

Summary

Strong revenue growth and healthy EBITDA margin support performance, but a high debt load and recent negative operating/free cash flow raise leverage and liquidity risk, keeping the score in the mid-range.

Income Statement

Shradha Infraprojects Ltd. has shown robust revenue growth over the years, with a significant increase from 2022 to 2024. The gross profit margin improved, indicating better cost management. However, net profit margins have slightly declined, suggesting increasing expenses or other financial pressures. The EBITDA margin is healthy, reflecting strong operational efficiency.

Balance Sheet

The company has a substantial debt load, as evidenced by a high debt-to-equity ratio, which could pose a risk if not managed properly. Stockholders' equity has grown, enhancing the equity ratio and showing improved financial stability. However, the company's leverage remains relatively high compared to industry norms.

Cash Flow

Shradha Infraprojects Ltd. has experienced fluctuating cash flows, with recent negative operating cash flow and free cash flow, indicating potential liquidity issues. The free cash flow to net income ratio is concerning, as it shows that free cash flow is not adequately covering net income. These cash flow challenges could impact the company's ability to finance future growth or manage debt.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.10B	1.07B	1.10B	904.22M	18.01M	12.52M
Gross Profit	334.71M	258.63M	235.22M	137.08M	1.66M	-4.64M
EBITDA	422.87M	375.78M	283.17M	193.14M	18.68M	23.85M
Net Income	197.22M	184.49M	186.48M	141.95M	14.72M	16.81M
Balance Sheet
Total Assets	4.41B	4.00B	2.88B	2.52B	2.59B	2.18B
Cash, Cash Equivalents and Short-Term Investments	545.41M	622.76M	33.56M	18.07M	17.15M	104.09M
Total Debt	1.85B	1.70B	1.52B	1.55B	1.63B	1.46B
Total Liabilities	2.41B	2.10B	1.95B	1.78B	1.97B	1.58B
Stockholders Equity	1.60B	1.52B	918.02M	736.04M	614.28M	600.72M
Cash Flow
Free Cash Flow	-272.00M	-286.13M	-27.59M	253.87M	-422.45M	-167.60M
Operating Cash Flow	-253.45M	-237.72M	250.42M	336.22M	-392.45M	-137.51M
Investing Cash Flow	-394.83M	-83.07M	-207.15M	-70.37M	-27.36M	-7.76M
Financing Cash Flow	101.35M	896.15M	-40.01M	-264.93M	332.97M	140.26M

Shradha Infraprojects Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 39.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHRADHA, the sentiment is Negative. The current price of 39 is above the 20-day moving average (MA) of 36.25, above the 50-day MA of 37.68, and below the 200-day MA of 47.61, indicating a bearish trend. The MACD of -1.63 indicates Positive momentum. The RSI at 38.73 is Neutral, neither overbought nor oversold. The STOCH value of 29.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SHRADHA.

Shradha Infraprojects Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHRADHA	62 Neutral	₹2.64B	14.41	―	1.09%	10.83%	-3.84%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
MAHEPC	54 Neutral	₹3.12B	13.84	―	―	17.09%	―
MBLINFRA	54 Neutral	₹3.35B	-12.79	―	―	12.96%	-132.20%
SADBHIN	43 Neutral	₹1.06B	-0.31	―	―	4.63%	67.17%

Shradha Infraprojects Ltd. Corporate Events

Shradha Infraprojects Rebrands as Shradha Realty Limited After Regulatory Nod

Shradha Infraprojects Limited has officially changed its corporate name to Shradha Realty Limited, effective 3 February 2026, following the issuance of a fresh certificate of incorporation by the Registrar of Companies at the Central Processing Centre. The company has notified the National Stock Exchange that it will undertake the necessary procedural steps to update its new name in the exchange’s records, while regulators have clarified that the change does not affect existing rights and liabilities of stakeholders, signaling a rebranding move rather than a structural alteration to its obligations.

Shradha Infraprojects to Sell Nagpur Office Block for Rs 6 Crore

Shradha Infraprojects Limited has executed an agreement to sell its office property, Office Block No. G1 on the ground floor of “Shradha House” at Sardar Vallabhai Patel Marg (Kingsway), Nagpur, for a cash consideration of Rs 6 crore, inclusive of applicable taxes and duties. The transaction, approved in principle by the board in September 2025 and now formally documented on 4 January 2026, signals a move to monetize a commercial asset, which could improve liquidity and balance-sheet flexibility for the company while modestly reshaping its portfolio of real estate holdings.

Shradha Infraprojects Calls Off Rs 6 Crore Office Block Sale in Nagpur

Shradha Infraprojects Limited has cancelled a previously executed agreement to sell Office Block No. G1 on the ground floor of its ‘Shradha House’ property on Sardar Vallabhai Patel Marg (Kingsway) in Nagpur, which had been agreed in October 2025 for a consideration of Rs 6 crore with an individual buyer. The company stated that the deed of cancellation for this transaction will not have any material adverse impact on its financial position or operations, indicating that the scrapped sale is not expected to affect its overall business or stakeholder interests in a significant way.

Shradha Infraprojects Shareholders Clear Related-Party Deal and Rebrand to Shradha Realty

Shradha Infraprojects Limited informed the exchange that it conducted its second extraordinary general meeting for FY 2025-26 on 27 December 2025 via video conferencing, with the proceedings deemed to have taken place at its registered office in Nagpur. At the meeting, shareholders considered and approved, subject to e-voting results, an ordinary resolution for a related-party transaction involving the acquisition of preference shares of Suntech Infraestate Nagpur Private Limited from promoter group entity Riaan Ventures Private Limited, as well as a special resolution to change the company’s name from Shradha Infraprojects Limited to Shradha Realty Limited, signaling a strategic branding shift more closely aligned with its real estate focus.

Shradha Infraprojects Announces EGM for Financial Year 2025-26

Shradha Infraprojects Limited has announced the scheduling of its second Extraordinary General Meeting (EGM) for the financial year 2025-26. The meeting is set to take place on December 27, 2025, at 11:30 A.M. via Video Conferencing (VC) and Other Audio Visual Means (OAVM). This announcement is part of the company’s compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice for the EGM, which includes details about the cut-off date and e-voting, was published in both English and Marathi newspapers. This move reflects the company’s ongoing efforts to ensure transparency and engagement with its shareholders.

Shradha Infraprojects Ltd. Announces EGM Timing Correction and Strategic Acquisition

Shradha Infraprojects Ltd. announced a correction regarding the timing of its upcoming Extraordinary General Meeting (EGM), which will now be held at 11:30 A.M. instead of the previously stated 11:00 A.M. The meeting will address the approval for acquiring preference shares of Suntech Infraestate Nagpur Private Limited, a related party transaction valued at ₹11.60 crores. This acquisition is part of the company’s strategic moves to strengthen its holdings and operational capabilities, potentially impacting its financial structure and stakeholder interests.

Shradha Infraprojects Expands with Strategic Property Acquisition in Pune

Shradha Infraprojects Ltd. announced that its subsidiary, Solus Ventures LLP, has executed a sale deed to acquire a property from Sarthak Electromech Private Limited for INR 37.175 crore. This transaction involves a parcel of land with an unfinished building in Pune, and it signifies a strategic expansion of Shradha Infraprojects’ real estate portfolio, potentially enhancing its market position in the region.