Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · SADBHAV ENGINEERING LTD · 22 September 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
SADBHAV ENGINEERING LTD
NSE: SADBHAV · BSE: 532710
NSE: SADBHAV · BSE: 532710
Services › Services › Transport Infrastructure › Road Assets - Toll Annuity Hybrid-Annuity
SADBHAV ENGINEERING LTD
StateQ1 FY27 filed
Last close · 20 Sept 2026₹7.48
Market cap₹0.1k cr
TTM P/E · P/B · EV/EBITDA4.3 · — · 4.6
SADBHAV ENGINEERING LTD is a Transport Infrastructure company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,908 | 1,777 | 1,923 | 1,036 | 973 |
| EBITDA (ex other income) | (513) | (321) | (252) | 396 | 638 |
| margin % | (26.9) | (18.1) | (13.1) | 38.2 | 65.6 |
| Owners' profit | (724) | (589) | (630) | (189) | 26 |
| EPS, as reported (₹) | (42.18) | (34.32) | (36.73) | (11.04) | 1.53 |
| ROE % · ROCE % | (68.6) · 4.3 | (208.5) · (1.3) | 678.8 · (9.7) | 80.1 · 19.8 | (1025.5) · 30.2 |
| Debt / equity (x) | 5.42 | 14.23 | (32.50) | (18.25) | (357.46) |
| Cash from operations | (3,096) | 1,766 | 1,154 | 300 | 749 |
| Capex | (3,702) | (66) | (9) | (1) | (72) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · SADBHAV ENGINEERING LTD · 22 September 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 206 | 240 | 290 | 222 | 250 | 230 | 271 | 204 |
| Profit before tax | 53 | (7) | (113) | 43 | 35 | (61) | 161 | 60 |
| Net profit | 47 | (16) | (165) | 31 | 27 | (86) | 121 | 46 |
| EPS (₹) | 1.60 | (1.56) | (9.01) | 0.71 | 0.33 | (4.23) | 4.73 | 0.91 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BF UTILITIES LIMITED | 2,004 | 12.7 | 1.71 | 4.5 | 16.7 | 13.2 | 9.4 | 79.0 |
| INNOVISION LIMITED | 605 | 21.5 | 2.06 | 11.1 | 12.4 | 15.1 | — | (2.5) |
| ATLANTAA LIMITED | 289 | — | 1.35 | 10.6 | (0.8) | (0.2) | (3.5) | 42.3 |
| BHARAT ROAD NETWORK LTD | 135 | — | 0.25 | 68.2 | (11.1) | (6.3) | (5.9) | (141.8) |
| SADBHAV ENGINEERING LTD ◆ | 128 | 4.3 | — | 4.5 | (1025.5) | 9.1 | (15.4) | 79.9 |
| SADBHAV INFRA PROJ LTD. | 88 | 50.0 | — | 5.7 | (7.8) | 12.0 | (9.6) | 73.7 |
| GAYATRI HIGHWAYS LIMITED | 46 | — | — | 12.0 | 0.2 | 8.1 | (29.1) | 14.6 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.3 | 15.7 | 1 of 11 | 100% |
| ROCE | 9.1 | 8.1 | 6 of 15 | 64% |
| ROE | (1025.5) | 1.8 | 15 of 15 | 0% |
| Debt / Equity | (357.5) | 0.0 | 1 of 15 | 100% |
| EBITDA margin | 79.9 | 39.5 | 1 of 15 | 100% |
| Revenue growth | (8.1) | 13.2 | 11 of 12 | 9% |
| Profit growth | 47.8 | 10.2 | 4 of 13 | 75% |
| Market cap | 128 | 340 | 11 of 15 | 29% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · SADBHAV ENGINEERING LTD · 22 September 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Notice of 37th AGM, e-voting details and book closure | compliance | minimal | — | — |
| 7 Sept 2026 · Sadbhav Engineering FY26 Annual Report and AGM Notice filed | results | high | — | — |
| 7 Sept 2026 · 37th AGM on Sep 30, 2026; debt restructuring via equity to lenders and promoter | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Newspaper notice published for 37th AGM on September 30, 2026 | compliance | minimal | — | — |
| 1 Sept 2026 · Board okays preferential share issue to 8 banks under debt restructuring plan | fund raising | high | — | — |
| 1 Sept 2026 · Sadbhav to issue up to 22 crore shares to lenders and promoter for debt conversion | fund raising | high | — | — |
| 1 Sept 2026 · Board approves preferential share issue to lenders and promoter under debt restructuring | fund raising | high | — | — |
| 27 Aug 2026 · Trading window closed; board meeting on Sept 1 for shares and warrants | compliance | minimal | — | — |
| 27 Aug 2026 · Board meeting on Sept 1 to consider equity and warrants issuance for debt restructuring | fund raising | medium | — | — |
| 25 Aug 2026 · Sadbhav allots Rs 168 cr NCDs to SBI and ICICI Bank under resolution plan | fund raising | medium | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in