Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹9.14, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 15x in the Construction industry in India. Total loss to shareholders of 17% over the past three years. Reported Earnings • Jun 01
Full year 2026 earnings released: EPS: ₹1.53 (vs ₹11.04 loss in FY 2025) Full year 2026 results: EPS: ₹1.53 (up from ₹11.04 loss in FY 2025). Revenue: ₹10.7b (up 2.9% from FY 2025). Net income: ₹263.1m (up ₹2.16b from FY 2025). Profit margin: 2.5% (up from net loss in FY 2025). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Ankündigung • May 20
Sadbhav Engineering Limited to Report Q4, 2026 Results on May 30, 2026 Sadbhav Engineering Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 30, 2026 Reported Earnings • Feb 16
Third quarter 2026 earnings released: ₹4.23 loss per share (vs ₹1.56 loss in 3Q 2025) Third quarter 2026 results: ₹4.23 loss per share (further deteriorated from ₹1.56 loss in 3Q 2025). Revenue: ₹2.76b (up 15% from 3Q 2025). Net loss: ₹726.3m (loss widened 172% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Ankündigung • Feb 05
Sadbhav Engineering Limited to Report Q3, 2026 Results on Feb 14, 2026 Sadbhav Engineering Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Feb 14, 2026 New Risk • Dec 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹1.5b). Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹2.10b market cap, or US$23.4m). Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: ₹0.33 (vs ₹1.60 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.33 (down from ₹1.60 in 2Q 2025). Revenue: ₹3.05b (up 48% from 2Q 2025). Net income: ₹56.1m (down 80% from 2Q 2025). Profit margin: 1.8% (down from 13% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 08
Sadbhav Engineering Limited to Report Q2, 2026 Results on Nov 14, 2025 Sadbhav Engineering Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Nov 14, 2025 New Risk • Aug 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹2.1b). Earnings have declined by 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (₹2.48b market cap, or US$28.5m). Ankündigung • Aug 18
Sadbhav Engineering Limited, Annual General Meeting, Sep 30, 2025 Sadbhav Engineering Limited, Annual General Meeting, Sep 30, 2025. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: ₹0.71 (vs ₹2.08 loss in 1Q 2025) First quarter 2026 results: EPS: ₹0.71 (up from ₹2.08 loss in 1Q 2025). Revenue: ₹2.45b (down 19% from 1Q 2025). Net income: ₹121.9m (up ₹478.3m from 1Q 2025). Profit margin: 5.0% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Ankündigung • Aug 09
Sadbhav Engineering Limited to Report Q1, 2026 Results on Aug 14, 2025 Sadbhav Engineering Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • May 30
Full year 2025 earnings released: ₹11.04 loss per share (vs ₹36.72 loss in FY 2024) Full year 2025 results: ₹11.04 loss per share (improved from ₹36.72 loss in FY 2024). Revenue: ₹11.3b (down 41% from FY 2024). Net loss: ₹1.89b (loss narrowed 70% from FY 2024). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Ankündigung • May 20
Sadbhav Engineering Limited to Report Q4, 2025 Results on May 29, 2025 Sadbhav Engineering Limited announced that they will report Q4, 2025 results on May 29, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: ₹1.56 loss per share (vs ₹8.57 loss in 3Q 2024) Third quarter 2025 results: ₹1.56 loss per share (improved from ₹8.57 loss in 3Q 2024). Revenue: ₹2.80b (down 7.0% from 3Q 2024). Net loss: ₹266.9m (loss narrowed 82% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Ankündigung • Feb 07
Sadbhav Engineering Limited to Report Q3, 2025 Results on Feb 14, 2025 Sadbhav Engineering Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹1.60 (vs ₹12.25 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹1.60 (up from ₹12.25 loss in 2Q 2024). Revenue: ₹2.23b (down 49% from 2Q 2024). Net income: ₹274.1m (up ₹2.38b from 2Q 2024). Profit margin: 12% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Ankündigung • Oct 31
Sadbhav Engineering Limited to Report Q2, 2025 Results on Nov 14, 2024 Sadbhav Engineering Limited announced that they will report Q2, 2025 results on Nov 14, 2024 New Risk • Sep 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Negative equity (-₹1.1b). Earnings have declined by 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹5.33b market cap, or US$63.8m). Ankündigung • Aug 16
Sadbhav Engineering Limited, Annual General Meeting, Sep 26, 2024 Sadbhav Engineering Limited, Annual General Meeting, Sep 26, 2024. Reported Earnings • Aug 16
First quarter 2025 earnings released: ₹2.08 loss per share (vs ₹0.60 loss in 1Q 2024) First quarter 2025 results: ₹2.08 loss per share (further deteriorated from ₹0.60 loss in 1Q 2024). Revenue: ₹3.09b (down 56% from 1Q 2024). Net loss: ₹356.3m (loss widened 248% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 20% per year. Board Change • Aug 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Women Independent Director Shefali Patel was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Aug 05
Sadbhav Engineering Limited to Report Q1, 2025 Results on Aug 14, 2024 Sadbhav Engineering Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • May 23
Full year 2024 earnings released: ₹36.73 loss per share (vs ₹34.34 loss in FY 2023) Full year 2024 results: ₹36.73 loss per share (further deteriorated from ₹34.34 loss in FY 2023). Revenue: ₹20.7b (up 16% from FY 2023). Net loss: ₹6.30b (loss widened 7.0% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 26% per year. Ankündigung • May 12
Sadbhav Engineering Limited to Report Q4, 2024 Results on May 21, 2024 Sadbhav Engineering Limited announced that they will report Q4, 2024 results on May 21, 2024 Ankündigung • May 02
Sadbhav Engineering Limited announced that it expects to receive INR 329.176992 million in funding from IE India Special Asset Fund III IFSC LLP Sadbhav Engineering Limited announced a private placement of 9,000,000 common shares at a price of INR 32 per share for gross proceeds of INR 288,000,000 and 5,147,124 warrants at a price of INR 8 per warrant for the gross proceeds of INR 41,176,992; for total gross proceeds of INR 329,176,992 on April 30, 2024. The transaction has been approved by the shareholders of the company and is subject to approval of Extra-Ordinary General Meeting of the company. The transaction included participation from new individual investor Shruti Shashin Patel for 9,000,000 shares and ISAF III Onshore Fund for 2,552,974 warrants and IE India Special Asset Fund III IFSC LLP for 2,594,150 warrants. The warrants exercise price is INR 24. New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 53% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹6.29b market cap, or US$75.5m). New Risk • Feb 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 53% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹4.74b market cap, or US$57.2m). Reported Earnings • Feb 10
Third quarter 2024 earnings released: ₹8.57 loss per share (vs ₹7.70 loss in 3Q 2023) Third quarter 2024 results: ₹8.57 loss per share (further deteriorated from ₹7.70 loss in 3Q 2023). Revenue: ₹3.16b (down 27% from 3Q 2023). Net loss: ₹1.47b (loss widened 11% from 3Q 2023). Revenue is expected to decline by 23% p.a. on average during the next 2 years, while revenues in the Construction industry in India are expected to grow by 12%. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Ankündigung • Jan 31
Sadbhav Engineering Limited to Report Q3, 2024 Results on Feb 09, 2024 Sadbhav Engineering Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Ankündigung • Jan 19
Sadbhav Engineering Limited Announces Resignation of Anjali Nirav Choksi from the Position of the Independent Director Sadbhav Engineering Limited informed that Mrs. Anjali Nirav Choksi (DIN No.0807 4336), Independent Director of the Company has tendered her resignation from the position of the Independent Director of the Company with effect from close of business hours on January 18, 2024. Due to Pre-Occupation and other personal commitments, Mrs. Anjali N. Choksi has tendered her resignation with effect from close of business hours on January 18, 2024 from the post of Independent Director of the Company. Reported Earnings • Nov 11
Second quarter 2024 earnings released: ₹12.25 loss per share (vs ₹15.12 loss in 2Q 2023) Second quarter 2024 results: ₹12.25 loss per share (improved from ₹15.12 loss in 2Q 2023). Revenue: ₹4.93b (up 18% from 2Q 2023). Net loss: ₹2.10b (loss narrowed 19% from 2Q 2023). Revenue is expected to decline by 30% p.a. on average during the next 2 years, while revenues in the Construction industry in India are expected to grow by 12%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Board Change • Sep 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non-Executive Independent Woman Director Anjali Choksi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Aug 15
Sadbhav Engineering Limited, Annual General Meeting, Sep 30, 2023 Sadbhav Engineering Limited, Annual General Meeting, Sep 30, 2023. Reported Earnings • Aug 15
First quarter 2024 earnings released: ₹0.60 loss per share (vs ₹10.05 loss in 1Q 2023) First quarter 2024 results: ₹0.60 loss per share (improved from ₹10.05 loss in 1Q 2023). Revenue: ₹7.61b (up 52% from 1Q 2023). Net loss: ₹102.4m (loss narrowed 94% from 1Q 2023). Revenue is expected to decline by 30% p.a. on average during the next 2 years, while revenues in the Construction industry in India are expected to grow by 11%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Ankündigung • Aug 03
Sadbhav Engineering Limited to Report Q1, 2024 Results on Aug 11, 2023 Sadbhav Engineering Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Reported Earnings • May 31
Full year 2023 earnings released: ₹34.32 loss per share (vs ₹42.18 loss in FY 2022) Full year 2023 results: ₹34.32 loss per share (improved from ₹42.18 loss in FY 2022). Revenue: ₹21.8b (up 14% from FY 2022). Net loss: ₹5.89b (loss narrowed 19% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Ankündigung • May 23
Sadbhav Engineering Limited to Report Q4, 2023 Results on May 27, 2023 Sadbhav Engineering Limited announced that they will report Q4, 2023 results at 4:00 PM, Indian Standard Time on May 27, 2023 Reported Earnings • Feb 16
Third quarter 2023 earnings released: ₹7.70 loss per share (vs ₹1.54 profit in 3Q 2022) Third quarter 2023 results: ₹7.70 loss per share (down from ₹1.54 profit in 3Q 2022). Revenue: ₹4.32b (down 16% from 3Q 2022). Net loss: ₹1.32b (down ₹1.59b from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 15
Sadbhav Engineering Limited Announces Resignation of Rohit Modi Chief Executive Officer Sadbhav Engineering Limited at its board meeting held on 14 February, 2023, announced that Mr. Rohit Modi, Chief Executive Officer of the Company has tendered resignation from the position of CEO of the Company with immediate effect. Mr. Rohit Modi has been appointed as Group CEO of the Sadbhav Group of Companies including Sadbhav Engineering Limited. Ankündigung • Feb 05
Sadbhav Engineering Limited to Report Q3, 2023 Results on Feb 14, 2023 Sadbhav Engineering Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Recent Insider Transactions • Dec 15
Independent Non-Executive Director recently bought ₹103k worth of stock On the 8th of December, Tarang Desai bought around 5k shares on-market at roughly ₹20.70 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹25m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 20
Second quarter 2023 earnings released: ₹15.12 loss per share (vs ₹3.76 loss in 2Q 2022) Second quarter 2023 results: ₹15.12 loss per share (further deteriorated from ₹3.76 loss in 2Q 2022). Revenue: ₹5.03b (up 50% from 2Q 2022). Net loss: ₹2.59b (loss widened 302% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 16
Price target increased to ₹130 Up from ₹90.40, the current price target is provided by 1 analyst. New target price is 1,011% above last closing price of ₹11.70. Stock is down 74% over the past year. The company posted a net loss per share of ₹42.18 last year. Reported Earnings • Aug 12
First quarter 2023 earnings released: ₹10.05 loss per share (vs ₹6.39 loss in 1Q 2022) First quarter 2023 results: ₹10.05 loss per share (down from ₹6.39 loss in 1Q 2022). Revenue: ₹5.80b (up 46% from 1Q 2022). Net loss: ₹1.72b (loss widened 57% from 1Q 2022). Price Target Changed • Jul 23
Price target increased to ₹119 Up from ₹90.40, the current price target is provided by 1 analyst. New target price is 641% above last closing price of ₹16.05. Stock is down 78% over the past year. The company posted a net loss per share of ₹42.18 last year. Recent Insider Transactions • Jun 23
Insider recently bought ₹10.0m worth of stock On the 16th of June, Shantaben Patel bought around 650k shares on-market at roughly ₹15.38 per share. In the last 3 months, they made an even bigger purchase worth ₹15m. Insiders have collectively bought ₹25m more in shares than they have sold in the last 12 months. Reported Earnings • Jun 01
Full year 2022 earnings released: ₹42.18 loss per share (vs ₹9.03 loss in FY 2021) Full year 2022 results: ₹42.18 loss per share (down from ₹9.03 loss in FY 2021). Revenue: ₹28.3b (up 26% from FY 2021). Net loss: ₹7.24b (loss widened 367% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 14 percentage points per year, which is a significant difference in performance. Price Target Changed • May 21
Price target decreased to ₹81.00 Down from ₹90.40, the current price target is provided by 1 analyst. New target price is 194% above last closing price of ₹27.55. Stock is down 61% over the past year. The company posted a net loss per share of ₹9.03 last year. Recent Insider Transactions • Apr 05
Insider recently bought ₹15m worth of stock On the 31st of March, Shantaben Patel bought around 553k shares on-market at roughly ₹26.62 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.54 (up from ₹1.42 loss in 3Q 2021). Revenue: ₹6.05b (down 13% from 3Q 2021). Net income: ₹264.1m (up ₹507.3m from 3Q 2021). Profit margin: 4.4% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 40% per year. Reported Earnings • Nov 16
Second quarter 2022 earnings released: ₹3.76 loss per share (vs ₹2.41 loss in 2Q 2021) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: ₹4.62b (down 15% from 2Q 2021). Net loss: ₹644.9m (loss widened 59% from 2Q 2021). Price Target Changed • Sep 08
Price target decreased to ₹99.14 Down from ₹111, the current price target is provided by 1 analyst. New target price is 86% above last closing price of ₹53.25. Stock is down 1.4% over the past year. Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹6.39 loss per share (vs ₹5.49 loss in 1Q 2021) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: ₹3.98b (up 3.7% from 1Q 2021). Net loss: ₹1.10b (loss widened 17% from 1Q 2021). Reported Earnings • Jul 03
Full year 2021 earnings released: ₹9.03 loss per share (vs ₹46.21 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹22.4b (down 36% from FY 2020). Net loss: ₹1.55b (down 120% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 18% share price gain to ₹93.20, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 19x in the Construction industry in India. Total loss to shareholders of 66% over the past three years. Executive Departure • Mar 03
Compliance Officer & Company Secretary has left the company On the 1st of March, Tushar Shah's tenure as Compliance Officer & Company Secretary ended after 4.9 years in the role. We don't have any record of a personal shareholding under Tushar's name. A total of 4 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 29% share price gain to ₹80.00, the stock is trading at a trailing P/E ratio of 2x, up from the previous P/E ratio of 1.6x. This compares to an average P/E of 16x in the Construction industry in India. Total return to shareholders over the past three years is a loss of 80%. Is New 90 Day High Low • Feb 11
New 90-day high: ₹75.10 The company is up 55% from its price of ₹48.35 on 13 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 43% over the same period. Price Target Changed • Dec 16
Price target raised to ₹87.11 Up from ₹79.33, the current price target is provided by 1 analyst. The new target price is 28% above the current share price of ₹68.10. As of last close, the stock is down 41% over the past year. Is New 90 Day High Low • Nov 05
New 90-day low: ₹45.70 The company is down 1.0% from its price of ₹46.35 on 07 August 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 3.0% over the same period. Price Target Changed • Nov 03
Price target lowered to ₹81.80 Down from ₹91.00, the current price target is provided by 1 analyst. The new target price is 75% above the current share price of ₹46.65. As of last close, the stock is down 64% over the past year. 
