NSEI:SADBHIN

Stock Analysis Report

Sadbhav Infrastructure Project

Executive Summary

Sadbhav Infrastructure Project Limited engages in the development, construction, operation, and maintenance of infrastructure projects, as well as provision of related consulting and advisory services in India.

Snowflake

Fundamentals

Imperfect balance sheet with poor track record.

Risks

  • Sadbhav Infrastructure Project has significant price volatility in the past 3 months.
  • Sadbhav Infrastructure Project is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Sadbhav Infrastructure Project's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.1%

NSEI:SADBHIN

2.2%

IN Infrastructure

1.5%

IN Market


1 Year Return

-58.4%

NSEI:SADBHIN

-8.3%

IN Infrastructure

-11.2%

IN Market

SADBHIN underperformed the Infrastructure industry which returned -8.3% over the past year.

SADBHIN underperformed the Market in India which returned -11.2% over the past year.


Share holder returns

SADBHINIndustryMarket
7 Day-0.1%2.2%1.5%
30 Day-1.4%4.4%1.1%
90 Day-32.1%-12.1%-6.7%
1 Year-58.2%-58.4%-8.0%-8.3%-9.5%-11.2%
3 Year-51.9%-52.1%17.0%14.5%19.7%13.7%
5 Yearn/a17.0%13.4%34.6%21.9%

Price Volatility Vs. Market

How volatile is Sadbhav Infrastructure Project's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sadbhav Infrastructure Project undervalued based on future cash flows and its price relative to the stock market?


Intrinsic Value Based on Future Cash Flows

Sadbhav Infrastructure Project's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Sadbhav Infrastructure Project's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Sadbhav Infrastructure Project is loss making, we can't compare its value to the IN Infrastructure industry average.

Sadbhav Infrastructure Project is loss making, we can't compare the value of its earnings to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Sadbhav Infrastructure Project, we can't assess if its growth is good value.


Price Based on Value of Assets

Sadbhav Infrastructure Project has negative assets, we can't compare the value of its assets to the IN Infrastructure industry average.


Next Steps

Future Growth

How is Sadbhav Infrastructure Project expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

-12.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Sadbhav Infrastructure Project's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Sadbhav Infrastructure Project is not considered high growth as it is expected to be loss making for the next 1-3 years.

Sadbhav Infrastructure Project's revenues are expected to decrease over the next 1-3 years, this is below the India market average.

Unable to compare Sadbhav Infrastructure Project's earnings growth to the India market average as it is expected to be loss making during the next 1-3 years.

Unable to compare Sadbhav Infrastructure Project's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Sadbhav Infrastructure Project will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Sadbhav Infrastructure Project performed over the past 5 years?

2.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Sadbhav Infrastructure Project does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Sadbhav Infrastructure Project's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Sadbhav Infrastructure Project's 1-year growth to the IN Infrastructure industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Sadbhav Infrastructure Project has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

Sadbhav Infrastructure Project used its assets more efficiently than the IN Infrastructure industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Sadbhav Infrastructure Project improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Sadbhav Infrastructure Project's financial position?


Financial Position Analysis

Sadbhav Infrastructure Project's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Sadbhav Infrastructure Project's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Sadbhav Infrastructure Project has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Sadbhav Infrastructure Project's debt level has increased considering it has negative shareholder equity.


Balance Sheet

Low level of unsold assets.

Sadbhav Infrastructure Project has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Whilst loss making Sadbhav Infrastructure Project has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Sadbhav Infrastructure Project has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 61.6% per year.


Next Steps

Dividend

What is Sadbhav Infrastructure Project's current dividend yield, its reliability and sustainability?

0.99%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Sadbhav Infrastructure Project before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Sadbhav Infrastructure Project's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.57%).

Sadbhav Infrastructure Project's dividend is below the markets top 25% of dividend payers in India (2.35%).

Sadbhav Infrastructure Project has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Sadbhav Infrastructure Project only paid a dividend in the past 2 years.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Sadbhav Infrastructure Project's salary, the management and board of directors tenure and is there insider trading?

5.0yrs

Average management tenure


CEO

Vasistha Patel (46yo)

0yrs

Tenure

₹3,250,000

Compensation

Mr. Vasistha C. Patel serves as Managing Director of Sadbhav Infrastructure Projects Limited and has been its Executive Director since April 1, 2008. Mr. Patel has been an Executive Director at Sadbhav En ...


CEO Compensation Analysis

Vasistha's remuneration is lower than average for companies of similar size in India.

Vasistha's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.0yrs

Average Tenure

The average tenure for the Sadbhav Infrastructure Project management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.9yrs

Average Tenure

48.5yo

Average Age

The tenure for the Sadbhav Infrastructure Project board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy₹339,38912 Oct 18
Sadbhav Engineering Limited
EntityCompany
Shares3,500
Max Price₹96.97
Buy₹3,825,62511 Oct 18
Sadbhav Engineering Limited
EntityCompany
Shares38,377
Max Price₹99.69

Ownership Breakdown


Management Team

  • Vasistha Patel (46yo)

    MD & Executive Director

    • Tenure: 0yrs
    • Compensation: ₹3.25m
  • Varun Mehta

    Chief Financial Officer

    • Tenure: 4.9yrs
    • Compensation: ₹3.93m
  • Rajkumar Dhoot

    Vice President of Finance

    • Tenure: 6.8yrs
    • Compensation: ₹2.59m
  • Darshan Bhatt

    Assistant General Manager of Accounts

    • Tenure: 5.2yrs
    • Compensation: ₹1.20m
  • Hardik Modi

    Compliance Officer & Company Secretary

    • Tenure: 3.2yrs
    • Compensation: ₹730.00k

Board Members

  • Vasistha Patel (46yo)

    MD & Executive Director

    • Tenure: 0yrs
    • Compensation: ₹3.25m
  • Shashin Patel (38yo)

    Chairman of the Board

    • Tenure: 2.5yrs
    • Compensation: ₹6.00k
  • Nitin Kumar Patel (51yo)

    Non-Independent & Non-Executive Director

    • Tenure: 9yrs
    • Compensation: ₹9.00k
  • Sandip Patel (42yo)

    Independent & Non-Executive Director

    • Tenure: 7.5yrs
    • Compensation: ₹7.50k
  • Daksha Shah (74yo)

    Independent & Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: ₹9.00k
  • Atul Ruparel (52yo)

    Independent & Non-Executive Director

    • Tenure: 4.9yrs
    • Compensation: ₹6.00k
  • Arun Patel (73yo)

    Independent & Non-Executive Director

    • Tenure: 4.9yrs
    • Compensation: ₹7.50k
  • Mirat Bhadlawala (45yo)

    Independent & Non-Executive Director

    • Tenure: 4.9yrs
    • Compensation: ₹4.50k

Company Information

Sadbhav Infrastructure Project Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sadbhav Infrastructure Project Limited
  • Ticker: SADBHIN
  • Exchange: NSEI
  • Founded: 2007
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Market Cap: ₹17.858b
  • Shares outstanding: 352.23m
  • Website: https://www.sadbhavinfra.co.in

Number of Employees


Location

  • Sadbhav Infrastructure Project Limited
  • Sadbhav
  • Near Havmor Restaurant
  • Ahmedabad
  • Gujarat
  • 380009
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
539346BSE (Mumbai Stock Exchange)YesEquity SharesININRSep 2015
SADBHINNSEI (National Stock Exchange of India)YesEquity SharesININRSep 2015

Biography

Sadbhav Infrastructure Project Limited engages in the development, construction, operation, and maintenance of infrastructure projects, as well as provision of related consulting and advisory services in I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 12:58
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.