Sadbhav Infrastructure Project Limited
Incorporated in 1988 and founded by late Shri Vishnubhai Patel, SEL operates majorly across four distinct business areas in the infrastructure sector viz. EPC of its own BOT road projects, cash contract-based road and metro rail EPC projects, irrigat...
Key Metrics
EPS
-15.42
Current ratio
0.86
Debt/Equity
-7.06
Debt/EBITDA
-158.59
Interest coverage ratio
-0.30
Operating Cashflow to total debt
0.28
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Established track record of the Sadbhav group in Indian construction sector
GoI initiatives to improve prospects of road construction
Cons
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -26.2% over past five years.
Contingent liabilities of Rs.1,084 Cr.
Promoters have pledged 71.4% of their holding.
Sustained delay in the execution of various HAM projects
Inordinate delay in receipt of various stake sale proceeds
Liquidity: Stretched
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About Sadbhav Infrastructure Project Limited bond.
This comprehensive profile covers key factual information about Sadbhav Infrastructure Project Limited. Incorporated in 1988 and founded by late Shri Vishnubhai Patel, SEL operates majorly across four distinct business areas in the infrastructure sector viz. EPC of its own BOT road projects, cash contract-based road and metro rail EPC projects, irrigation, and mining. SEL had floated a wholly-owned subsidiary – SIPL as a holding company of build-operate-transfer (BOT) projects in 2007. On July 1, 2019, SIPL has announced that they have executed Share Purchase Agreements with IndInfravit Trust (IndInfravit) for selling their entire equity stake in their nine operational build operate transfer (BOT) special purpose vehicles (SPV) (seven toll and two annuity-based projects). SIPL has sold its entire stake in eight operational BOT SPV’s while the stake sale is awaited in one operational SPV. Post the transaction, Sadbhav group has a portfolio of 14 BOT projects (four operational toll road projects, ten under construction HAM projects of which four HAM projects have received PCOD on partial length). EPS in Mar-2024 was -15.42. Current ratio in Mar-2024 was 0.86. Debt/Equity in Mar-2024 was -7.06. Debt/EBITDA in Mar-2024 was -158.59. Interest coverage ratio in Mar-2024 was -0.30. Operating Cashflow to total debt in Mar-2024 was 0.28. Total revenue for Mar-2025(E) was ₹597.58. Net income for Mar-2025(E) stood at ₹-591.62. Total assets as of Mar-2024 were ₹5,518.91. Operating cash flow for Mar-2024 was ₹1,265.43. The company’s borrowing relationships include IDBI Bank Limited (₹N/A Cr). Peers and comparison entities consist of Sadbhav Infrastructure Project Limited, Cube Highways Trust, National Highways Infra Trust, Indinfravit Trust. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Established track record of the Sadbhav group in Indian construction sector; GoI initiatives to improve prospects of road construction; ; ; ; ; . Key risks include: Company has low interest coverage ratio.; The company has delivered a poor sales growth of -26.2% over past five years.; Contingent liabilities of Rs.1,084 Cr.; Promoters have pledged 71.4% of their holding.; Sustained delay in the execution of various HAM projects; Inordinate delay in receipt of various stake sale proceeds; Liquidity: Stretched. Leadership team details include Shashin V. Patel (The chairman and managing director of SIPL. He has a Master's degree in Business Administration from Gujarat University.), Vasistha C. Patel (The former managing director of SIPL. ), Vishnubhai M. Patel (The founder chairman and chairman emeritus of SIPL. He passed away on December 25, 2018.), Jatin J. Thakkar (The executive director and CFO of SIPL.), Tarang M. Desai (Additional director of SIPL. ), Shefali Patel (Additional director of SIPL. ), Arun S. Patel (Additional director of SIPL. ), Daksha N. Shah (Additional director of SIPL. ), Hardik Modi (The company secretary of SIPL.), Rohit Modi (The group CEO of SIPL. ). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.