Sadbhav Engineering Ltd

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SADBHAV •
BUY

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Start SIP in Sadbhav Engineering Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
New 52W High today
45.6
TTM PE Ratio
Negative PE TTM
-1.9
Price to Book Ratio
Below industry Median
1.7
Dividend yield 1yr %
0
TTM PEG Ratio
0
RSI
RSI is mid-range
67.9
MFI
MFI is mid-range
41.7

Sadbhav Engineering Ltd Key Financials

*All values are in ₹ Cr.

Sadbhav Engineering Ltd shareholding Pattern

Promoter
37.8%
Foreign Institutions
0.1%
Mutual Funds
8.8%
Domestic Institutions
9.2%
Public
52.9%

Sadbhav Engineering Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
30.30
10Day EMA
29.20
12Day EMA
28.90
20Day EMA
27.80
26Day EMA
27.10
50Day EMA
25.20
100Day EMA
22.30
200Day EMA
19.40
Delivery & Volume
Resistance & Support
31.90
Pivot
Resistance
First Resistance
32.90
Second Resistance
33.40
Third Resistance
34.40
Support
First Support
31.40
Second support
30.40
Third Support
29.90
Relative Strength Index
67.91
Money Flow Index
41.73
MACD
1.74
MACD Signal
1.48
Average True Range
1.69
Average Directional Index
28.09
Rate of Change (21)
39.96
Rate of Change (125)
174.58

Sadbhav Engineering Ltd Company background

Founded in: 1988
Managing director: Shashin V Patel
Sadbhav Engineering Limited (SEL), a leading Gujarat based company was incorporated on 3rd October 1988 as a private limited company after taking over the running business of M/s Bhavna Construction Co. The Company is engaged in the business of development of infrastructure facilities in areas of canals, irrigations projects, roads, bridges, mining activities on contract basis, dams including civil, electrical and mechanical contractor, designer and engineers, structural contractor, earthwork contractor for repairing, reconstruction, renovation, demolitions and construction of canals, irrigations projects, roads, bridge, dams. It is also engaged in business of energy generation through Wind Power Project.The Company implemented and executed projects of national significance including construction of roads and highways, bridges, mining and irrigation supporting infrastructure. SEL has successfully constructed 9283 lane kms of roads and highways (both state and national highways) and are among the top most infrastructure companies in India.The Company was awarded the first Sardar Sarovar Narmada Nigam Limited (SSNNL) Canal Project during the year 198990. SEL attained the status of Deemed Public Company on the turnover criteria at the end of the third financial year 1992. The first mine excavation project of the company was executed in the year 199293. First activities in the construction segment of the company were started in the year 1993 with the contract Strengthening and Widening of SambalpurRourkela Road from LT. Sadbhav forayed into the road sector in 1995 and has established a good reputation for itself in the industry. The Company had acquired its first road project from the private sector, Reliance Industries Limited (RIL) in the year 1996. The work involved construction of roads in RILs township and refinery site at Moti Khavdi, Jamnagar. During the year 1999, SEL awarded four work orders, of an approximate value of Rs. 151 crore from SSNNL for the construction of canals. SEL subsequently got converted into a Public Limited Company vide fresh Certificate of Incorporation dated 17th May 2001 and in 2002, completed the construction of its first ever canal siphon across river Vatrak. The Company was successful in won the contract for the excavation of overburden and lignite mining at Vastan Mines of Gujarat Industries Power Corporation Limited (GIPCL), which was completed in 2003. SEL had been awarded the Excellence Award by the Institute of Economic Studies (IES) in October of the year 2005. The Company entered into the capital market with a public issue in the year 2006 and in the same year, it secured projects from Government of Andhra Pradesh Irrigation and CAD Department. During the year 200607, The Company had secured three projects worth Rs. 216.35 crores in Andhra Pradesh, thus extending its reach beyond Gujarat. SEL had entered into joint venture with PBA Infrastructure Limited for Construction of Roads in Multi model International Hub Airport at Nagpur (MIHAN) Project Complex during the year 200607. The Cost of the project covers Rs. 14236.21 lacks of which companys shares includes Rs. 7118.10 lacks. NagpurSeoni Expressway project was started in September 2007, which an annuity based project with a concession period of 20 years including 30 months of construction period. During the year 200708, SEL had entered into a joint venture with JMC Project (India) Limited for the construction of new 4 lane Agra bypass in the state of Uttar Pradesh under PhaseII programme of NorthSouth EastWest corridors. Commercial operations of the Ahmedabad ring road, the companys project began in May of the year 2008. Sadbhav Engineering, through its whollyowned subsidiary had acquired 74% stake in Hong Kongbased Ocean Bright Corp, for an undisclosed sum during June 2008.During the year 20152016, Sadbhav Infrastructure Project Limited (SIPL), a subsidiary Company acquired 6% stake in Ahmedabad Ring Road Infrastructure Limited from Patel Infrastructure Private Limited.During the year 20152016, SIPL had acquired 60% stake in Dhule Palesner Tollway Limited from its existing shareholders, for making it 100% Subsidiary. The transfer of ownership formality which was pending as at March 31, 2016 has been completed on the date of this report. Pursuant to share purchasecumshareholders cum subordinated debt agreement subject to Maharashtra Border Check Post Network Ltd. (MBCPNL), dated September 18, 2013 SEL and SIPL have agreed to sell 5,940 equity shares (11.88% of the outstanding equity interest) and 4,963 equity shares (9.93% of the outstanding equity interest) of MBCPNL respectively to D. Thakkar Construction Private Limited. Further, SEL has also entered into a share purchase agreement dated November 04, 2014 to sell 5,000 equity shares (10.00% of the outstanding equity interest) of MBCPNL to SIPL in FY 2016.In respect of MBCPNL, during the year 201516, the company received general resolution from government of Maharashtra for construction of additional 2 Check post on BOT basis.During the year February 2016, the company sold 20% stake held in Mumbai Nasik Expressway Limited (MNEL).In terms of Memorandum of Understanding (MOU) dated January 17, 2017 between the Company and Sadbhav Infrastructure Project Limited (SIPL), SEL reduced its commitment, to sell investment in Maharashtra Border Check Post Network Ltd. (MBCPNL), to third party, from 22% to 9% and resultantly, transferred such 13% ownership/beneficial ownership in MBCPNL to the SIPL, raising SIPL holding to 91%. SEL reaffirms that consideration received by it aggregating to Rs 280.13 Million, is towards transfer of entire ownership of 91% in MBCPNL, and hence, no further payment is required to be made by SIPL to SEL. The procedural formalities for transfer of equity shares were in progress as on the date of balance sheet.Sadbhav Infrastructure Project Limited (SIPL), a subsidiary Company executed share purchase agreements (SPAs) and other ancillary agreements on 1st July, 2019 interalia with IndInfravit Trust (Indinfravit), an infrastructure investment trust for the proposed sale of 100% of the equity shares held by SIPL (including through its nominees) in 9 subsidiary companies (including MBHPL, a subsidiary of Sadbhav Engineering Limited and other 8 SPVs is a stepdown subsidiaries of Sadbhav Engineering Limited) at an enterprise value of approximately Rs 66,112 million. The Proposed Transaction is subject to completion of the conditions precedent and other additional conditions as detailed under the said SPAs. Indinfravit is backed by marquee investors such as Canada Pension Plan Investment Board (CPPIB), Allianz Capital Partners (ACP) and Ontario Municipal Employees Retirement System (OMERS) together holding 77.7% stake.
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Sadbhav Engineering Ltd FAQs

Sadbhav Engineering Ltd shares are currently priced at 32.4 on NSE and 32.7 on BSE as of 2/29/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Sadbhav Engineering Ltd [SADBHAV] share was 188. The Sadbhav Engineering Ltd [SADBHAV] share hit a 1-year low of Rs. 8.5 and a 1-year high of Rs. 32.4.

The market cap of Sadbhav Engineering Ltd is Rs. 555.89 Cr. as of 2/29/2024 12:00:00 AM.

The PE ratios of Sadbhav Engineering Ltd is 0 as of 2/29/2024 12:00:00 AM.

The PB ratios of Sadbhav Engineering Ltd is 0.5 as of 2/29/2024 12:00:00 AM

The Mutual Fund Shareholding was 8.84% at the end of 2/29/2024 12:00:00 AM.

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