NSEI:SADBHIN

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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 Analysis

Second-rate dividend payer and slightly overvalued.


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

Stable Share Price: SADBHIN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.5%

SADBHIN

4.5%

IN Infrastructure

3.2%

IN Market


1 Year Return

-69.6%

SADBHIN

-14.1%

IN Infrastructure

2.6%

IN Market

Return vs Industry: SADBHIN underperformed the Indian Infrastructure industry which returned -14.1% over the past year.

Return vs Market: SADBHIN underperformed the Indian Market which returned 2.5% over the past year.


Shareholder returns

SADBHINIndustryMarket
7 Day2.5%4.5%3.2%
30 Day-0.3%-3.0%4.5%
90 Day-29.6%12.8%22.2%
1 Year-69.4%-69.6%-12.9%-14.1%4.5%2.6%
3 Year-83.8%-84.0%-25.6%-27.5%3.8%-1.1%
5 Yearn/a-16.8%-20.6%29.5%19.9%

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 compared to its fair value and its price relative to the market?

0.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SADBHIN (₹16.4) is trading above our estimate of fair value (₹3.55)

Significantly Below Fair Value: SADBHIN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SADBHIN is good value based on its PE Ratio (0.6x) compared to the IN Infrastructure industry average (13.6x).

PE vs Market: SADBHIN is good value based on its PE Ratio (0.6x) compared to the Indian market (13.9x).


Price to Earnings Growth Ratio

PEG Ratio: SADBHIN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SADBHIN is overvalued based on its PB Ratio (1.2x) compared to the IN Infrastructure industry average (0.3x).


Next Steps

Future Growth

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

-128.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SADBHIN's earnings are forecast to decline over the next 3 years (-128.1% per year).

Earnings vs Market: SADBHIN's earnings are forecast to decline over the next 3 years (-128.1% per year).

High Growth Earnings: SADBHIN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SADBHIN's revenue is expected to decline over the next 3 years (-4.3% per year).

High Growth Revenue: SADBHIN's revenue is forecast to decline over the next 3 years (-4.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SADBHIN is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

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

25.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SADBHIN has a large one-off gain of ₹15.0B impacting its March 31 2020 financial results.

Growing Profit Margin: SADBHIN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SADBHIN has become profitable over the past 5 years, growing earnings by 25.3% per year.

Accelerating Growth: SADBHIN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SADBHIN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Infrastructure industry (-9.8%).


Return on Equity

High ROE: Whilst SADBHIN's Return on Equity (220.89%) is outstanding, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Sadbhav Infrastructure Project's financial position?


Financial Position Analysis

Short Term Liabilities: SADBHIN's short term assets (₹16.5B) do not cover its short term liabilities (₹21.8B).

Long Term Liabilities: SADBHIN's short term assets (₹16.5B) do not cover its long term liabilities (₹66.5B).


Debt to Equity History and Analysis

Debt Level: SADBHIN's debt to equity ratio (1229.3%) is considered high.

Reducing Debt: SADBHIN's debt to equity ratio has increased from 756.9% to 1229.3% over the past 5 years.

Debt Coverage: SADBHIN's debt is not well covered by operating cash flow (6.4%).

Interest Coverage: SADBHIN's interest payments on its debt are not well covered by EBIT (0.4x coverage).


Balance Sheet


Next Steps

Dividend

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

3.04%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SADBHIN's dividend (3.04%) is higher than the bottom 25% of dividend payers in the Indian market (0.63%).

High Dividend: SADBHIN's dividend (3.04%) is in the top 25% of dividend payers in the Indian market (2.63%)


Stability and Growth of Payments

Stable Dividend: SADBHIN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SADBHIN's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (1%), SADBHIN's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

Vasistha Patel (47 yo)

no data

Tenure

₹3,250,000

Compensation

Mr. Vasistha C. Patel serves as a Chief Executive Officer at Sadbhav Engineering Ltd. since 2020 and serves its Director. Mr. Patel serves as Managing Director of Sadbhav Infrastructure Projects Limited an ...


CEO Compensation Analysis

Compensation vs Market: Vasistha's total compensation ($USD43.32K) is about average for companies of similar size in the Indian market ($USD49.12K).

Compensation vs Earnings: Vasistha's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Vasistha Patel
MD & Executive Directorno data₹3.25m0.12%
₹ 7.2m
Varun Mehta
Chief Financial Officer5.83yrs₹3.93mno data
Hardik Modi
Compliance Officer & Company Secretary4.08yrs₹730.00kno data
Darshan Bhatt
Assistant General Manager of Accounts6.08yrs₹1.20mno data
Rajkumar Dhoot
Vice President of Finance7.75yrs₹2.59mno data

6.0yrs

Average Tenure

Experienced Management: SADBHIN's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vasistha Patel
MD & Executive Directorno data₹3.25m0.12%
₹ 7.2m
Shashin Patel
Chairman of the Board3.42yrs₹6.00k0.23%
₹ 13.4m
Nitin Kumar Patel
Non-Independent & Non-Executive Director9.92yrs₹9.00k0.054%
₹ 3.2m
Sandip Patel
Independent & Non-Executive Director8.42yrs₹7.50k0.00058%
₹ 33.6k
Daksha Shah
Independent & Non-Executive Director5.42yrs₹9.00kno data
Arunbhai Patel
Independent & Non-Executive Director5.83yrs₹7.50k0.00054%
₹ 31.3k

7.1yrs

Average Tenure

49.5yo

Average Age

Experienced Board: SADBHIN's board of directors are considered experienced (7.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: ₹5.794b
  • 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 Analysis2020/08/10 12:53
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.