BSE: 532435
SANMIT INFRA LIMITED
Sells petroleum products, bitumen emulsions and road construction materials, microsurfacing and road repair services, and biomedical waste recycling machinery across five reported segments. Petroleum and related products is the dominant line, generating Rs 56.51 crore of segment revenue in FY26 (down from Rs 127.99 crore the prior year), followed by bitumen emulsion and road construction materials at Rs 12.97 crore and microsurfacing and road repair services at Rs 6.15 crore. The biomedical waste recycling machinery segment is small at Rs 0.09 crore and ran at an EBIT loss, while a realty and infrastructure segment is reported but generated no revenue in FY26. FY26 total revenue from operations was Rs 103.63 crore with net profit of Rs 1.98 crore and an EBITDA margin of 6.18%. Materials account for the largest cost share at 30.5% of revenue, with employee cost at 2.9%, other operating expenses at 12.6%, and depreciation at 2.5%; reported capex is nil, indicating an asset-light model. In June 2026 the board approved a Rs 2 crore Guaranteed Emergency Credit Line from ICICI Bank under the ECLGS 5.0 scheme for working capital, and a 51%-owned subsidiary (Sanmit Truevalue Infraprojects) was incorporated after year-end. The equity shares were consolidated on a 10:1 basis with a record date of April 30, 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Petroleum and related products, Bitumen emulsion and road construction materials, Microsurfacing and road repair services, Biomedical waste recycling machinery, Realty and Infrastructure. Small, asset-light (nil capex), multi-segment petroleum and road-infrastructure services business with commodity exposure
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 146 | 142 | 94 | 143 | 104 |
| EBITDA (ex other income) | 9 | 8 | 7 | 2 | 6 |
| margin % | 6.0 | 5.4 | 7.0 | 1.6 | 5.4 |
| Owners' profit | 6 | 5 | 4 | 2 | 2 |
| EPS, as reported (₹) | 4.63 | 0.33 | 0.28 | 0.10 | 0.13 |
| ROE % · ROCE % | 23.6 · 27.3 | 16.3 · 21.7 | 12.5 · 19.1 | 4.3 · 8.9 | 5.1 · 8.5 |
| Debt / equity (x) | 0.31 | 0.26 | 0.25 | 0.21 | 0.37 |
| Cash from operations | (6) | 4 | 9 | 4 | (2) |
| Capex | (3) | (0) | (7) | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 41 | 36 | 45 | 40 | 7 | 24 | 32 |
| Profit before tax | 0 | (1) | 1 | 2 | 1 | (2) | 1 | 2 |
| Net profit | 0 | (0) | 0 | 2 | 1 | (1) | 1 | 2 |
| EPS (₹) | 0.00 | (0.03) | 0.02 | 0.10 | 0.06 | (0.08) | 0.03 | 0.11 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Petroleum and related products | 57 | 54.1 |
| Biomedical wastes recycling machinery and other equipments | 0 | 0.1 |
| Bitumen emulsion and other road construction related materials | 31 | 30.0 |
| Microsurfacing and repair of roads and related services | 16 | 15.7 |
| Biomedical Waste recyling machinery and other equipments | 0 | 0.1 |
| Biomedical Waste recyclingvmachinery and other equipments | 0 | 0.0 |
| Total, before eliminations | 104 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| RELIANCE INDUSTRIES LTD | 15,67,121 | 21.0 | 1.44 | 8.6 | 8.8 | 7.5 | 17.2 | 17.3 |
| INDIAN OIL CORP LTD | 1,82,983 | 5.3 | 0.81 | 3.9 | 19.4 | 17.1 | 11.6 | 1.6 |
| BHARAT PETROLEUM CORP LT | 1,22,623 | 7.2 | 1.22 | 3.8 | 25.8 | 23.2 | 11.4 | (0.6) |
| HINDUSTAN PETROLEUM CORP | 73,867 | 44.2 | 1.13 | 3.8 | 27.5 | 19.3 | 12.1 | (10.7) |
| MRPL | 30,294 | 9.6 | 2.13 | 6.8 | 13.6 | 15.7 | 15.6 | 4.5 |
| CHENNAI PETROLEUM CORP LT | 22,631 | 5.4 | 2.04 | 4.9 | 27.9 | 31.9 | 13.4 | 5.4 |
| SANMIT INFRA LIMITED ◆ | 726 | 382.7 | 18.78 | — | 5.1 | 6.1 | — | 10.2 |
| RAJASTHAN SECURITIES LIMITED | 464 | 5.7 | 3.97 | — | 69.3 | 88.6 | — | 119.3 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 382.7 | 8.0 | 13 of 13 | 0% |
| P/B | 18.8 | 1.7 | 12 of 12 | 0% |
| ROCE | 6.1 | 16.4 | 10 of 12 | 18% |
| ROE | 5.1 | 13.6 | 10 of 11 | 10% |
| Debt / Equity | 0.4 | 0.4 | 7 of 12 | 46% |
| EBITDA margin | 10.2 | 5.4 | 4 of 11 | 70% |
| Revenue growth | (28.3) | 24.2 | 7 of 8 | 14% |
| Profit growth | 4.3 | 4.3 | 5 of 9 | 50% |
| Market cap | 726 | 726 | 7 of 13 | 50% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Subsidiary wins Rs 3.16 crore micro-surfacing work order | business updates | medium | — | — |
| 12 Oct 2026 · Routine RTA certificate on share dematerialization for Q2 FY27 | compliance | minimal | — | — |
| 3 Oct 2026 · 26th AGM: All 6 resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 26th AGM Concluded: 5 Resolutions Passed Including New Auditor and Independent Director | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 26th AGM of Sanmit Infra concluded via video conferencing | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Trading window closed from Oct 15 ahead of Q2 FY27 results | compliance | minimal | — | — |
| 25 Sept 2026 · Board approves Cost Audit Report for FY 2025-26 | compliance | low | — | — |
| 22 Sept 2026 · Sanmit Infra board meeting on 25 Sep to approve cost audit report | compliance | low | — | — |
| 9 Sept 2026 · Notice of 26th AGM and e-voting details published in newspapers | compliance | minimal | — | — |
| 7 Sept 2026 · Annual Report and AGM Notice sent to shareholders | compliance | minimal | — | — |
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.