Sadbhav Engineering Ltd

CMP: 114


Sadbhav Engineering Limited provides construction services, with a focus on irrigation, roads and highways, and mining operations. The Company constructs earthen dams and canals, rehabilitates and upgrades roads, and excavates overburden of mineral properties.

Sadbhav Engineering is a good bet in mid-cap space. Its currently trading at a P/E of 13 with decent dividend yields of half a percent in the last 12 months. Liabilities a little high, but is compensated for rich Cash & Cash equivalents. Revenues have grown from 491 Crores to 2209 Crores in the last 5 years. Profits have risen from 29 Crores to 120 Crores in the last 5 years. NPM has marginally dipped from 6% over the last 5 years. Buy and hold for long term gains.