Share price
₹7.27 latest close · −18.9% over the last 90 sessions
₹7.27 month-end · −36.6% over 12 months
₹7.27 month-end · −66.7% over 3 years
₹7.27 month-end · −96.3% since Jan '19
52-week range ₹5.90 to ₹14.70 · 1-year volatility 57.2%
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-97.7% (2019-05 peak to 2026-02 low, not yet recovered)
-27.6% (2019-01 peak to 2019-02 low, recovered 2019-03)
-18.0% (2019-03 peak to 2019-05 low, recovered 2019-05)
Is it expensive against its own past and its peers?
Usual range 1.1x to 112.3x since 2019-01.
70% below the Industrial Services median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Industrial Services peers?
Each cell is the company's percentile rank among its Industrial Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE37th▲ 13 pts vs a year ago
- Op. margin100th▲ 3 pts vs a year ago
- Revenue growth25th▲ 21 pts vs a year ago
- EPS growth18th
- Debt/equity ↓1st▼ 5 pts vs a year ago
- Cash cycle ↓46th▼ 19 pts vs a year ago
- P/E ↓97th
- 12M momentum30th▲ 24 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Industrial Services sector page Watch it move against Industrial Services in the Observatory
What is the price implying?
At a P/E of 4.2x, the price would imply about −1.4%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Industrial Services The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹7.27
- P/E
- 4.2x
- ROCE
- 13.0%
- Market Cap
- ₹125 cr
- Revenue (TTM)
- ₹955 cr
- P/S
- 0.1x
- Operating Margin
- 75.0%
- Promoter Holding
- 25.5%
- 12M Momentum
- -36.6%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance95%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 95.4%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate24%Within range
Median quarterly effective tax rate over about 2.5 years: 23.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow5 of 5 yrsWithin range
Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+53 daysBeyond threshold
Debtor days are above the median of the previous three fiscal years by 53 days (105 vs 52). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 3 years, promoters trimmed 12.2 pts; DIIs trimmed 10.8 pts.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like SADBHAV ENGINEERING LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −23% to +71% vs the market, against 0% for all non-financial companies in the same months.
- The analogs' median sat above that base rate (gap +12.4%, 80% range +2.0% to +24.2%), but the matches cluster in only 6 distinct 12-month windows.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 10 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 35 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ELECTHERM Non-Energy Minerals |
Jul 2021 | 4x | 9% | +52% | −24% | −49% |
| SADBHIN Industrial Services |
Sep 2025 | — | 14% | −44% | −51% | −34% |
| RAJSREESUG Process Industries |
Jan 2025 | 6x | 11% | −35% | −45% | −46% |
| SURYALAXMI Process Industries |
Apr 2023 | 3x | 14% | −35% | −36% | −3% |
| SPMLINFRA Industrial Services |
Jul 2020 | 4x | 9% | −41% | −50% | +5% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and ROCE. Not used (unavailable for this company): debt/equity. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What changed?
20 events since Feb '19
- JunResultsEPS (TTM) turned positive.
- JunPeer rankMoved into the 3rd quartile of Industrial Services on ROCE (from the bottom quartile).
- FebPriceFell 98% from the May 2019 peak to the Feb 2026 low.
- DecPromoterPromoter holding fell 10.7 pts to 25.5%.
- SepPeer rankSlipped to the bottom quartile of Industrial Services on ROCE (from the 3rd quartile).
- JunPeer rankMoved into the 3rd quartile of Industrial Services on ROCE (from the bottom quartile).
- DecInstitutionsFII + DII holding fell 3.9 pts over 1 quarter to 5.4%.
- SepPeer rankMoved into the top quartile of Industrial Services on operating margin (from the bottom quartile).
Show 12 earlier events
- DecPeer rankSlipped to the bottom quartile of Industrial Services on ROCE (from the 3rd quartile).
- OctPeer rankMoved into the 3rd quartile of Industrial Services on ROCE (from the bottom quartile).
- JunPeer rankSlipped to the bottom quartile of Industrial Services on ROCE (from the 3rd quartile).
- AugPeer rankSlipped to the bottom quartile of Industrial Services on EPS growth (from the top quartile).
- JunResultsEPS (TTM) turned negative.
- JanDebtDebt / equity halved over 12 months to 4.23x.
- JunDebtDebt / equity halved over 12 months to 4.23x.
- JunDividendDividend payout cut from 81% to 0% of profit.
- JunResultsEPS (TTM) turned positive.
- JunDividendStarted paying a dividend (payout 81% of profit).
- MarPriceRegained the 2019-01 peak, 1 month after the low.
- FebPriceFell 28% from the Jan 2019 peak to the Feb 2019 low.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 4.2x | ₹955 cr | — | 13.0% | — |
| 2026-10 | 3.7x | ₹955 cr | — | 13.0% | — |
| 2026-09 | 4.1x | ₹955 cr | — | 13.0% | — |
| 2026-08 | 5.5x | ₹973 cr | — | 13.0% | — |
| 2026-07 | 5.9x | ₹973 cr | — | 13.0% | — |
| 2026-06 | 5.7x | ₹973 cr | — | 13.0% | — |
| 2026-05 | — | ₹992 cr | — | 10.0% | — |
| 2026-04 | — | ₹992 cr | — | 10.0% | — |
| 2026-03 | — | ₹992 cr | — | 10.0% | — |
| 2026-02 | — | ₹1002 cr | — | 10.0% | — |
| 2026-01 | — | ₹1002 cr | — | 10.0% | — |
| 2025-12 | — | ₹1002 cr | — | 10.0% | — |
| 2025-11 | — | ₹958 cr | — | 10.0% | — |
| 2025-10 | — | ₹958 cr | — | 10.0% | — |
| 2025-09 | — | ₹958 cr | — | 10.0% | — |
| 2025-08 | — | ₹1037 cr | — | 10.0% | — |
| 2025-07 | — | ₹1037 cr | — | 10.0% | — |
| 2025-06 | — | ₹1037 cr | — | 10.0% | — |
| 2025-05 | — | ₹1220 cr | — | 2.0% | — |
| 2025-04 | — | ₹1220 cr | — | 2.0% | — |
| 2025-03 | — | ₹1220 cr | — | 2.0% | — |
| 2025-02 | — | ₹1281 cr | — | 2.0% | — |
| 2025-01 | — | ₹1281 cr | — | 2.0% | — |
| 2024-12 | — | ₹1281 cr | — | 2.0% | — |
| 2024-11 | — | ₹1513 cr | — | 2.0% | — |
| 2024-10 | — | ₹1513 cr | — | 2.0% | — |
| 2024-09 | — | ₹1513 cr | — | 2.0% | — |
| 2024-08 | — | ₹1923 cr | — | 2.0% | — |
| 2024-07 | — | ₹1923 cr | — | 2.0% | — |
| 2024-06 | — | ₹1923 cr | — | 2.0% | — |
| 2024-05 | — | ₹1777 cr | -109.8% | 5.0% | 29.4x |
| 2024-04 | — | ₹1777 cr | -109.8% | 5.0% | 29.4x |
| 2024-03 | — | ₹1777 cr | -109.8% | 5.0% | 29.4x |
| 2024-02 | — | ₹1777 cr | -109.8% | 5.0% | 29.4x |
| 2024-01 | — | ₹1777 cr | -109.8% | 5.0% | 29.4x |
| 2023-12 | — | ₹1777 cr | -109.8% | 5.0% | 29.4x |
| 2023-11 | — | ₹1777 cr | -109.8% | 5.0% | 29.4x |
| 2023-10 | — | ₹1777 cr | -109.8% | 5.0% | 29.4x |
| 2023-09 | — | ₹1777 cr | -109.8% | 5.0% | 29.4x |
| 2023-08 | — | ₹1777 cr | -109.8% | 5.0% | 29.4x |
| 2023-07 | — | ₹1777 cr | -109.8% | 5.0% | 29.4x |
| 2023-06 | — | ₹1777 cr | -109.8% | 5.0% | 29.4x |
| 2023-05 | — | ₹1908 cr | -25.0% | 5.0% | 7.7x |
| 2023-04 | — | ₹1908 cr | -25.0% | 5.0% | 7.7x |
| 2023-03 | — | ₹1908 cr | -25.0% | 5.0% | 7.7x |
| 2023-02 | — | ₹1908 cr | -25.0% | 5.0% | 7.7x |
| 2023-01 | — | ₹1908 cr | -25.0% | 5.0% | 7.7x |
| 2022-12 | — | ₹1908 cr | -25.0% | 5.0% | 7.7x |
| 2022-11 | — | ₹1908 cr | -25.0% | 5.0% | 7.7x |
| 2022-10 | — | ₹1908 cr | -25.0% | 5.0% | 7.7x |
| 2022-09 | — | ₹1908 cr | -25.0% | 5.0% | 7.7x |
| 2022-08 | — | ₹1908 cr | -25.0% | 5.0% | 7.7x |
| 2022-07 | — | ₹1908 cr | -25.0% | 5.0% | 7.7x |
| 2022-06 | — | ₹1908 cr | -25.0% | 5.0% | 7.7x |
| 2022-05 | — | ₹2243 cr | -4.5% | 8.0% | 4.9x |
| 2022-04 | — | ₹2243 cr | -4.5% | 8.0% | 4.9x |
| 2022-03 | — | ₹2243 cr | -4.5% | 8.0% | 4.9x |
| 2022-02 | — | ₹2243 cr | -4.5% | 8.0% | 4.9x |
| 2022-01 | — | ₹2243 cr | -4.5% | 8.0% | 4.9x |
| 2021-12 | — | ₹2243 cr | -4.5% | 8.0% | 4.9x |
| 2021-11 | — | ₹2243 cr | -4.5% | 8.0% | 4.9x |
| 2021-10 | — | ₹2243 cr | -4.5% | 8.0% | 4.9x |
| 2021-09 | — | ₹2243 cr | -4.5% | 8.0% | 4.9x |
| 2021-08 | — | ₹2243 cr | -4.5% | 8.0% | 4.9x |
| 2021-07 | — | ₹2243 cr | -4.5% | 8.0% | 4.9x |
| 2021-06 | — | ₹2243 cr | -4.5% | 8.0% | 4.9x |
| 2021-05 | 1.5x | ₹3487 cr | 19.0% | 11.0% | 4.2x |
| 2021-04 | 1.3x | ₹3487 cr | 19.0% | 11.0% | 4.2x |
| 2021-03 | 1.3x | ₹3487 cr | 19.0% | 11.0% | 4.2x |
| 2021-02 | 1.6x | ₹3487 cr | 19.0% | 11.0% | 4.2x |
| 2021-01 | 1.3x | ₹3487 cr | 19.0% | 11.0% | 4.2x |
| 2020-12 | 1.4x | ₹3487 cr | 19.0% | 11.0% | 4.2x |
| 2020-11 | 1.1x | ₹3487 cr | 19.0% | 11.0% | 4.2x |
| 2020-10 | 1.0x | ₹3487 cr | 19.0% | 11.0% | 4.2x |
| 2020-09 | 1.0x | ₹3487 cr | 19.0% | 11.0% | 4.2x |
| 2020-08 | 1.2x | ₹3487 cr | 19.0% | 11.0% | 4.2x |
| 2020-07 | — | ₹3487 cr | 19.0% | 11.0% | 4.2x |
| 2020-06 | — | ₹3487 cr | 19.0% | 11.0% | 4.2x |
| 2020-05 | 32.2x | ₹5240 cr | 2.5% | 12.0% | 13.3x |
| 2020-04 | 38.0x | ₹5240 cr | 2.5% | 12.0% | 13.3x |
| 2020-03 | 22.0x | ₹5240 cr | 2.5% | 12.0% | 13.3x |
| 2020-02 | 57.3x | ₹5240 cr | 2.5% | 12.0% | 13.3x |
| 2020-01 | 105.4x | ₹5240 cr | 2.5% | 12.0% | 13.3x |
| 2019-12 | 87.5x | ₹5240 cr | 2.5% | 12.0% | 13.3x |
| 2019-11 | 104.7x | ₹5240 cr | 2.5% | 12.0% | 13.3x |
| 2019-10 | 111.4x | ₹5240 cr | 2.5% | 12.0% | 13.3x |
| 2019-09 | 115.2x | ₹5240 cr | 2.5% | 12.0% | 13.3x |
| 2019-08 | 110.8x | ₹5240 cr | 2.5% | 12.0% | 13.3x |
| 2019-07 | 114.2x | ₹5240 cr | 2.5% | 12.0% | 13.3x |
| 2019-06 | 200.1x | ₹5240 cr | 2.5% | 12.0% | 13.3x |
| 2019-05 | — | ₹4975 cr | -3.5% | 11.0% | 11.3x |
| 2019-04 | — | ₹4975 cr | -3.5% | 11.0% | 11.3x |
| 2019-03 | — | ₹4975 cr | -3.5% | 11.0% | 11.3x |
| 2019-02 | — | ₹4975 cr | -3.5% | 11.0% | 11.3x |
| 2019-01 | — | ₹4975 cr | -3.5% | 11.0% | 11.3x |