Sadbhav Infrastructure Projects Ltd
Sadbhav Infrastructure Projects Ltd (SADBHIN)

Sadbhav Infrastructure Projects Ltd (SADBHIN)

₹6.50.77%

Key Stats

₹6.45
Day's Price Range
₹6.75
₹6.45
52-Week Price Range
₹18.4
1 Month Return-5.76 %
3 Month Return-7.1 %
1 Year Return-58.94 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 162
-2.2
EPS
Rank 148
₹-2.98
BVPS
Rank 166
₹4.99
Dividend Yield
Rank 44
ROE
Rank 305
-3.02%
Price To Book Ratio
1.31
Debt To Asset
Rank 33
0.98

Company Information

Sadbhav Infrastructure Project Limited SIPL a subsidiary of Sadbhav engineering Ltd SEL was incorporated as an asset holding company for road and other Infrastructure BOT projects in January 18 2007. The essential task of SIPL has been development operation and maintenance of road infrastructure assets. SIPL undertakes turnkey contractual works other than civil construction of the projects. Sadbhav is focused in building a sizable asset base in the road BOT project. The current portfolio of a total of 23 projects which consists of 10 BOT Toll projects 9 are operational and 1 is partially operational 1 operational BOT Annuity project and 12 Hybrid Annuity Mode HAM underconstruction projects. Total Project costs of all 23 projects is Rs 219 billion. SIPL enjoys the benefit of being present in the entire value chain of BOT roads projects thereby reducing reliance on third parties and also increasing the profitability by retaining the margins. Traffic for BOT Toll projects and EPC consultants are appointed to carry out detailed study of the traffic growth for BOT Toll projects and the road structure and Inhouse financial and traffic for BOT Toll projects estimates of the assets are arrived at before helping in submitting rational bids for the assets. Lenders are approached for achievement of Financial Closure FC of the project and then EPC contractors are finalized before the appointed date and initial work on the project is carried out.SEL the corporate promoter for the company has an established track record of executing projects and experience of over 30 years in construction activities in the transport mining and irrigation sectors since its incorporation in 1988.The company entered into the Capital Market with Initial Public Offer IPO of 41262135 equity shares of Rs 10/ each at a premium of Rs 93/ per share. The IPO was open for subscription during the period from 31 August 2015 to 2 September 2015. The companys shares were listed on the BSE Limited BSE and National Stock Exchange of India Limited NSE on 16 September 2015. The existing investors Xander Investment Holding XVII Limited and Norwest Venture Partners VIIAMauritius offered 3235762 equity shares each as offer for sale along with initial public offering. The IPO was oversubscribed by 2.327 times.During the year 20152016 FY 2016 SIPL acquired 100 stake in Dhule Palesner Tollway Limited from HCC Concessions Limited John Laing Investments Limited John Laing Investments Mauritius No.1 Limited and Sadbhav Engineering Limited. The transfer formalities for 21046680 shares from HCC and 14031020 shares from Sadbhav Engineering Limited were in process as at 31 March 2016.Sadbhav Nainital Highway Private Limited Sadbhav Rudrapur Highway Private Limited were incorporated as wholly owned subsidiary of the company on 1st May 2016. Sadbhav Bhavnagar Highway Private Limited was incorporated as wholly owned subsidiary of the company on 20th June 2016. Sadbhav Una Highway Private Limited was incorporated as wholly owned subsidiary of the company on 22nd June 2016. These four wholly owned subsidiaries were incorporated with an object to execute highway projects as per the concessions agreements signed with NHAI.In terms of Memorandum of Understanding MOU dated January 17 2017 between SIPL and SEL 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 Company raising Companys holding to 91. During the financial year ended 31 March 2017 FY 2017 SIPL completed refinancing amounting to Rs 2204 crores in 5 BOT operational SPVs and tied up Rs 266 crore of debt for first major maintenance due between FY16 to FY 18. In FY 2017 SIPL won 7 Hybrid Annuity Mode HAM projects of the length 1550 lane kilometers worth Rs 5807 crore. With these HAM projects the companys strategy is to diversify and also to have a portfolio mix which consists of toll and annuity projects. In FY 2017 BhilwaraRajsamand Tollway Private Limited BRTPL and RohtakHissar Tollway Private Limited RHTPL received completion certificate and already started generating revenues.During the financial year ended 31 March 2018 FY 2018 SIPL submitted the bids for 27 HAM projects of length 1547 kms of total project costs of Rs 30151 crores. Out of these 27 bids the company has won 5 projects L2 in 8 projects L3 in 7 projects and more than L3 in balance projects. After end of the financial year 201718 three new wholly owned subsidiary companies i.e. Sadbhav Bhimasar Bhuj Highway Private Limited Sadbhav Kim Expressway Private Limited and Sadbhav Vizag Port Road Private Limited were incorporated with an object to execute highway projects as per the concessions agreements signed with NHAI and Sadbhav Hybrid Annuity Projects Limited was incorporated for providing developing own maintain operate instruct execute carry out improve construct repair work administer manage control or acquire any infrastructure facilities to undertake hybrid annuity mode projects.
OrganisationSadbhav Infrastructure Projects Ltd
HeadquartersAhmedabad
IndustryConstruction