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Companies›Services›Services›Transport Infrastructure
NSE:SADBHIN

SADBHAV INFRA PROJ LTD.

Services › Transport Infrastructure
₹2.50
at close · 21 Sept 2026
▼ 0.05 (-1.96%)

Latest filings

  1. Notice of 20th AGM, e-voting details and book closure published · Compliance
  2. 20th AGM Notice and Annual Report for FY 2025-26 submitted · Board & Shareholder Meetings
  3. AGM Sept 30 - auditor change, subsidiary share pledge and liquidation votes · Board & Shareholder Meetings
  4. Newspaper ad published for 20th AGM notice on September 4, 2026 · Compliance
  5. Board comments on stock exchange fine for board composition non compliance · Regulatory & Legal
  6. Board clears AGM notice, auditor change and subsidiary disposal · Management Changes
  7. New auditor appointed, plans to divest two material subsidiaries · Management Changes
  8. Board appoints new auditor, plans disposal of two material subsidiaries · Management Changes
  9. Newspaper publication of Q1 FY26 financial results · Compliance
  10. Sadbhav Infra files Q1 FY27 results; standalone swings to profit · Compliance
  11. AGM on Sep 30; Q1 results, new directors, auditor exit · Board & Shareholder Meetings
  12. Auditor resigns; board clears Q1 results, new independent directors · Management Changes
  13. Board meet: Q1 results, auditor exit, 2 independent directors appointed · Management Changes
  14. Sadbhav Infra Q1 FY27: Swings to profit via one-time recovery, auditor flags going concern · Results
  15. Sadbhav Infra Q1 results, auditor resigns, going concern flagged · Results
  16. Notice to shareholders for transfer of shares to IEPF Authority · Compliance
  17. Board meeting on 11 Aug 2026 to consider Q1 FY27 results · Results
  18. Trading window closure from 1 July 2026 ahead of Q1 results · Compliance
  19. Trading window closure ahead of Q1 FY27 results announcement · Compliance
  20. NSE seeks clarification from Sadbhav Infra on March 2026 quarter results · Compliance
  21. Sadbhav Engineering Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. · Compliance
  22. Sadbhav Infrastructure Project Limited has informed the Exchange about Copy of Newspaper Publication · Compliance
  23. Please find enclosed copy of newspaper publication of the financial results of the company for the quarter and year ended 31.03.2026. · Compliance
  24. Please find enclosed Annual Secretarial Compliance Report issued by a practicing company secretary for the financial year ended on 31.03.2026 · Compliance
  25. Please find enclosed announcement under regulation 30 (5) of the SEBI (LODR) Regulations, 2015. · Compliance
  26. Please find enclosed comments made by the board of directors on the fine imposed by the stock exchange · Regulatory & Legal
  27. Sadbhav Infrastructure Project Limited has informed the Exchange regarding 'Authorization under Regulation 30 (5) of SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015.'. · Compliance
  28. Please find enclosed intimation for appointment of Chief Financial Financial Officer (CFO) of the company · Management Changes
  29. Sadbhav Infrastructure Project Limited has informed the Exchange regarding ''. · Regulatory & Legal
  30. Please find enclosed audited financial results of the company for the quarter and year ended on 31.03.2026 · Results
  31. Sadbhav Infrastructure Project Limited has informed the Exchange regarding Appointment of Mr. Kaivan Vora as a CFO as Chief Financial Officer of the company w.e.f. May 27, 2026. · Management Changes
  32. Sadbhav Infrastructure Project Limited has informed the Exchange regarding Outcome of Board Meeting held on May 27, 2026. · Results
  33. Sadbhav Infrastructure Project Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026. · Results
  34. Please find enclosed outcome of meeting of board of directors held on 27th May, 2026. · Results
  35. Sadbhav Infrastructure Project Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve Please find .... · Results
  36. <b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> .... · Compliance
  37. Please find attached intimation for closure of Trading window for dealing in securities of the company - Quarter and Year ended 31-03-2026 · Compliance
  38. Sadbhav Infrastructure Project Limited has informed the Exchange about Copy of Newspaper Publication · Compliance
  39. Sadbhav Infrastructure Project Limited has informed the Exchange about General Updates · Regulatory & Legal
  40. Sadbhav Infrastructure Project Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025. · Results
  41. Sadbhav Infrastructure Project Limited has informed the Exchange regarding Board meeting held on February 12, 2026. · Results
  42. Sadbhav Infrastructure Project Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2026 ,inter alia, to consider and approve Please find .... · Results
  43. Sadbhav Infrastructure Project Limited has informed the Exchange about Copy of Newspaper Publication · Compliance
  44. Sadbhav Infrastructure Project Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 · Compliance
  45. Sadbhav Infrastructure Project Limited has informed the Exchange about Copy of Newspaper Publication · Compliance
  46. Sadbhav Infrastructure Project Limited has informed the Exchange regarding Resignation of Mr JATIN THAKKAR as Chief Financial Officer of the company w.e.f. November 12, 2025. · Management Changes
  47. Sadbhav Infrastructure Project Limited has informed the Exchange regarding Appointment of Mr KEDAR PANDYA as Company Secretary & Compliance Officer of the company w.e.f. November 12, 2025. · Management Changes
  48. Sadbhav Infrastructure Project Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025. · Results
  49. Sadbhav Infrastructure Project Limited has informed the Exchange regarding Board meeting held on November 12, 2025. · Board & Shareholder Meetings
  50. Sadbhav Infrastructure Project Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2025 ,inter alia, to consider and approve Un-Audited Standalone .... · Results
All filings ↓
Ask Nexa about SADBHAV INFRA PROJ LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates road infrastructure assets in India under the Hybrid-Annuity toll-road model, earning revenue through toll collection on highways and annuity payments from NHAI. The portfolio is held through subsidiaries and special purpose vehicles, including the Ahmedabad Ring Road (ARRIL), Rohtak-Panipat (RPTPL), Rohtak-Hissar (RHTPL), Sadbhav Udaipur Highway, and Sadbhav Rudrapur Highway projects; Sadbhav Kim Expressway was divested via slump sale. Two subsidiaries (RPTPL and RHTPL) have been under toll suspension since December 2020 with fully eroded net worth, and auditors have flagged recoverability of ₹8,043.91 million in investments, subordinate debt, and receivables from them. The company has multiple sub-judice arbitration claims against NHAI aggregating over ₹38,000 million. Sadbhav Engineering Limited is the promoter. Cost structure shows no materials cost, with depreciation at 17.5% of revenue and other operating expenses at 32.9%, consistent with an asset-heavy toll-road business. Total assets stood at ₹4,341.844 crore in FY26.

Operating scale
Total assets
₹4,341.844 croreFY26
Road project SPVs/subsidiaries
ARRIL, RPTPL, RHTPL, Sadbhav Udaipur Highway, Sadbhav Rudrapur HighwayFY26
Outstanding NHAI arbitration claims
Over ₹38,000 millionFY26
Flagged investments and receivables in stressed subsidiaries
₹8,043.91 million (RPTPL and RHTPL)FY26
Toll suspension on stressed subsidiaries
Since December 2020FY26
EBITDA margin
59.58%FY26
Who pays it
Vehicle users on toll roads; NHAI as counterparty for annuity payments under Hybrid-Annuity projects
Biggest cost
Depreciation on road assets (17.5% of revenue) plus other operating expenses (32.9% of revenue)
Kind of business
Asset-heavy, regulated toll-road operator with Hybrid-Annuity model
Where it sits
Listed road-asset operator with Hybrid-Annuity toll projects held via SPVs; promoter is Sadbhav Engineering Limited
Market Cap
₹88 Cr
P / E (TTM)
50.0×
EV / EBITDA
5.8×
Div Yield
—
Growth
-9.6%▼
Revenue 5y CAGR
PAT — · EBITDA -9.3%
Quality
18.3%▲
ROCE (5y median)
ROE 6.0% · margin 59.6%
Leverage
-4.51·
Debt / Equity · low
Net debt ₹2,541 Cr
Revenue FY21→FY26
0.6×▼
Margin +27.5 pts
₹1,281 Cr → ₹775 Cr
Moves on a normal day
2.02%·
Median daily move
Last 268 sessions · filing days run larger
Where it sits among 14 Transport Infrastructure peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#10/11
ROCE#4/15
ROE#11/15
Debt / Equity#3/15
EBITDA margin#3/15
Revenue growth#8/12
Profit growth#2/13

Scorecard

Measured from the filed financials, judged against its Transport Infrastructure peers · as of FY26 — not investment advice

Strengths
Returns on capital 18.3% (5-year median)
#4 of 15 in Transport Infrastructure on the latest reported figures · up from 9.4% in FY21
Debt at -4.51× equity
lower than 86% of its 15 Transport Infrastructure peers
Concerns
Slow revenue growth — -10% a year over 5 years
Customers are taking longer to pay — 11 → 38 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

SADBHIN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SADBHAV INFRA PROJ LTD.'s filed financials and exchange disclosures

What does SADBHAV INFRA PROJ LTD. do?

SADBHAV INFRA PROJ LTD. is a Transport Infrastructure company listed on NSE and BSE, trading under the symbol SADBHIN.

Is SADBHAV INFRA PROJ LTD. profitable?

Yes. Over the trailing twelve months SADBHAV INFRA PROJ LTD. reported a net profit of ₹72 Cr on revenue of ₹789 Cr.

Does SADBHAV INFRA PROJ LTD. pay a dividend?

Not in the latest reported year — SADBHAV INFRA PROJ LTD.'s dividend payout for FY26 was nil.

Is SADBHAV INFRA PROJ LTD. debt-free?

Effectively yes. Debt stands at -4.51× equity.

Is SADBHAV INFRA PROJ LTD. expensive compared with its peers?

On trailing P/E, SADBHAV INFRA PROJ LTD. ranks 10 of 11 in Transport Infrastructure — cheaper than 10% of them, against an industry median of 15.7×. This is a position, not a valuation judgement.

How much does the SADBHAV INFRA PROJ LTD. share price move in a day?

On a typical session SADBHAV INFRA PROJ LTD. moves 2.02% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.

Where can I track SADBHAV INFRA PROJ LTD.'s announcements?

Every NSE and BSE filing by SADBHAV INFRA PROJ LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.