Sadbhav Engineering shares slip 5%

NEW DELHI: Shares of Sadbhav Engineering Ltd. traded 4.97 per cent down in Wednesday 's trade at 10:45 am.
Around 12459 shares changed hands on the counter. The stock opened at Rs 32.5 and touched an intraday high and low of Rs 33.9 and Rs 32.5 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 274.45 and a 52-week low of Rs 32.5 .


CARE has downgraded rating on company's long term bank facilities to A-/(Stable) from A.


Financials
Sadbhav Engineering Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 589.35 Crore) operating in Infrastructure sector.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 681.29 Crore, down -27.38 % from last quarter Sales of Rs 938.13 Crore and down -44.49 % from last year same quarter Sales of Rs 1227.26 Crore Company has reported net profit after tax of Rs -104.59 Crore in latest quarter.

Sadbhav Engineering Ltd. key Products/Revenue Segments include Contract Revenue which contributed Rs 3539.40 Crore to Sales Value (99.72 % of Total Sales) and Other Operating Revenue which contributed Rs 9.83 Crore to Sales Value (0.27 % of Total Sales)for the year ending 31-Mar-2019.

Promoters holding
Promoters held 46.54855 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 681.2915 crore and net profit of Rs -104.5861 crore.

Valuation ratio
It quoted a price-to-earnings ratio of -4.61 and price to book value of 0.58.