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Sadbhav Infrastructure Project Ltd. (SADBHIN) AI Stock Analysis

IN:SADBHIN

Sadbhav Infrastructure Project Ltd.

(NSE:SADBHIN)

Select Model
Rating:44Neutral
Price Target:INR 2.00â–¼(-12.28% Downside)
Action:upgraded
Date:08/29/26

The overall score is held down primarily by very weak financial health, with a history of losses, negative equity, and high leverage partly offset by improving cash generation, while only moderate, slightly positive technical signals and a relatively demanding valuation add limited support, resulting in a cautiously low rating.

Positive Factors
Improved Cash GenerationThe sharp improvement in operating and free cash flow strengthens the company’s ability to fund operations, service obligations, and support infrastructure assets internally. If maintained, stronger cash conversion could reduce dependence on external financing over the next several quarters.
Negative Factors
Stressed Balance SheetLarge debt combined with persistently negative equity materially limits financial flexibility. This structure can absorb a substantial share of operating cash flow through financing obligations, constrain investment capacity, and leave the company more vulnerable to project or business-cycle setbacks.

Sadbhav Infrastructure Project Ltd. (SADBHIN) vs. iShares MSCI India ETF (INDA)

-50%-40%-30%-20%-10%0%10%20%IN:SADBHIN-39.20%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 936.92M
Dividend Yield
―
Average Volume (3M)
28.70K
Price to Earnings (P/E)
45.6
Beta (1Y)
1.65
Revenue Growth
9.00%
EPS Growth
―
Country
India
Employees
34
Sector
General
Sector Strength
55
Industry
Engineering & Construction

Sadbhav Infrastructure Project Ltd. Business Overview & Revenue Model

Company Description

Sadbhav Infrastructure Project Limited engages in the development, construction, operation, and maintenance of infrastructure projects in India. The company develops roadways and highways. It is also involved in the business of build operate transfer...

How the Company Makes Money

SADBHIN generally makes money through concession-based infrastructure projects, where cash flows are earned over multi-year concession periods rather than only from one-time construction activity. Key revenue streams typically include: (1) Toll-based...

Sadbhav Infrastructure Project Ltd. Financial Statement Overview

Summary

Financial performance is weak overall: net income has been negative for many years, equity is now negative and leverage very high, but improving operating results and stronger positive free cash flow offer some support and show a tentative recovery.

Income Statement

28Negative

Balance Sheet

12Very Negative

Cash Flow

46Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue7.89B7.75B7.04B7.79B8.25B9.60B
Gross Profit4.54B4.41B3.86B2.93B4.42B3.50B
EBITDA5.72B5.29B4.43B-410.90M2.38B8.98B
Net Income15.17M-198.68M-749.83M-5.43B-3.75B-210.24M
Balance Sheet
Total Assets043.42B52.40B55.19B76.99B89.18B
Cash, Cash Equivalents and Short-Term Investments721.89M721.89M458.47M412.38M522.28M1.67B
Total Debt025.92B32.06B32.91B40.69B51.48B
Total Liabilities5.75B49.16B58.07B61.48B79.37B87.71B
Stockholders Equity-5.75B-6.18B-5.45B-5.67B-1.65B2.29B
Cash Flow
Free Cash Flow4.11B6.37B1.84B12.64B15.86B-16.44B
Operating Cash Flow4.11B7.27B3.81B12.65B16.43B-1.95B
Investing Cash Flow-1.49B-1.12B-3.04B-289.59M-1.91B10.87B
Financing Cash Flow-2.70B-5.93B-854.04M-12.46B-15.28B-8.69B

Sadbhav Infrastructure Project Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price2.28

Price Trends

50DMA2.55Negative
100DMA2.62Negative
200DMA2.85Negative

Market Momentum

MACD-0.08Positive
RSI33.75Neutral
STOCH20.90Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SADBHIN, the sentiment is Negative. The current price of 2.28 is below the 20-day moving average (MA) of 2.46, below the 50-day MA of 2.55, and below the 200-day MA of 2.85, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 33.75 is Neutral, neither overbought nor oversold. The STOCH value of 20.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SADBHIN.

Sadbhav Infrastructure Project Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:SADBHIN against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:GPTINFRAIN:GPTINFRA68NeutralINR 14.19B14.38―2.45%1.62%12.27%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:SADBHININ:SADBHIN44NeutralINR 803.07M45.60――9.00%―
IN:RKECIN:RKEC43NeutralINR 466.62M-0.90――-70.62%-400.50%
IN:RPPINFRAIN:RPPINFRA42NeutralINR 2.18B51.67―1.14%3.68%-93.35%
IN:SADBHAVIN:SADBHAV42NeutralINR 1.11B3.67――-0.30%―
IN:MBLINFRAIN:MBLINFRA39UnderperformINR 3.04B-19.97――55.85%81.30%

* General Sector Average

Performance Comparison

-50%-25%0%25%IN:SADBHININ:GPTINFRAIN:MBLINFRAIN:RKECIN:RPPINFRAIN:SADBHAVDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:SADBHIN and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:SADBHINSadbhav Infrastructure Project Ltd.2.28-1.59-41.09%
IN:GPTINFRAGPT Infraprojects Limited112.307.827.49%
IN:MBLINFRAMBL Infrastructure Limited19.50-22.49-53.56%
IN:RKECRKEC Projects Ltd.19.45-47.86-71.10%
IN:RPPINFRARPP Infra Projects Ltd.44.00-75.30-63.12%
IN:SADBHAVSadbhav Engineering Limited6.45-5.11-44.20%

Sadbhav Infrastructure Project Ltd. Corporate Events

Sadbhav Group Sets September Virtual AGMs With Remote E-Voting

Sep 8, 2026

Sadbhav Infrastructure Project Ltd. has notified stock exchanges that it has published newspaper advertisements announcing its 20th Annual General Meeting, book closure dates and remote e-voting information, in line with SEBI’s listing and disc...

Sadbhav Infrastructure Board Backs New Auditor and Major Subsidiary Asset Divestment

Sep 5, 2026

Sadbhav Infrastructure Project Ltd. has announced that its board has recommended the appointment of M/s O R Maloo & Co as the new statutory auditor, subject to shareholder approval at the upcoming Annual General Meeting on September 30, 2026. Thi...

Sadbhav Infrastructure Restores Board Compliance After Governance Lapse

Sep 5, 2026

Sadbhav Infrastructure Project Limited informed stock exchanges that its Board reviewed a case of non-compliance with Regulation 17(1) of SEBI’s Listing Obligations and Disclosure Requirements, relating to the required composition of its Board...

Sadbhav Infrastructure Schedules 20th AGM via Virtual Platform

Sep 5, 2026

Sadbhav Infrastructure Project Ltd. operates in the infrastructure and transport sector, focusing on the development and management of road and related projects in India. Its shares are listed on both BSE and the National Stock Exchange under the cod...

Sadbhav Infrastructure Board Clears Quarterly Results, Auditor Exit and Strategic Asset Moves

Aug 11, 2026

Sadbhav Infrastructure Project Ltd.’s board met on 11 August 2026 and approved the standalone and consolidated unaudited financial results for the quarter ended 30 June 2026, accompanied by a limited review report carrying a modified opinion. T...

Sadbhav Infrastructure Board Clears Q1 Results, Restructuring Moves Across Key Road Assets

Aug 11, 2026

Sadbhav Infrastructure Project Limited’s board has approved the standalone and consolidated unaudited financial results for the quarter ended 30 June 2026, accompanied by a limited review report carrying a modified opinion, and scheduled the 20...

Sadbhav Infrastructure Board Clears Q1 Results, Auditor Exit and Subsidiary Asset Moves

Aug 11, 2026

Sadbhav Infrastructure Project Limited’s board has approved the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, alongside a limited review report carrying a modified opinion. The company also schedul...

Sadbhav Infrastructure clears Q1 results, reshapes board and subsidiary asset framework

Aug 11, 2026

Sadbhav Infrastructure Project Ltd. has approved its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, accompanied by a limited review report carrying a modified opinion. The board also scheduled the 20th an...

Sadbhav Infrastructure Clears Q1 FY27 Results, Restructures Subsidiaries and Auditor Line-Up

Aug 11, 2026

Sadbhav Infrastructure Project Limited’s board has approved the standalone and consolidated unaudited financial results for the quarter ended 30 June 2026, accompanied by a limited review report carrying a modified opinion. The company has also...

Sadbhav Infrastructure Board Clears Q1 Results, Auditor Exit and Key Asset Moves Ahead of AGM

Aug 11, 2026

Sadbhav Infrastructure Project Ltd. has approved its standalone and consolidated unaudited financial results for the quarter ended 30 June 2026, supported by a limited review report carrying a modified opinion from its auditors. The board also accept...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 29, 2026