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    HomeNewsBusinessStocksBuy Sadbhav Engineering; target of Rs 285: Sharekhan

    Buy Sadbhav Engineering; target of Rs 285: Sharekhan

    Sharekhan is bullish on Sadbhav Engineering has recommended buy rating on the stock with a target price of Rs 285 in its research report dated July 03, 2019.

    Broker Research
    July 04, 2019 / 16:03 IST
       
       
      26 Aug, 2025 12:21
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      Sharekhan's research report on Sadbhav Engineering

      Sadbhav Engineering Limited (SEL) has offloaded nine assets to IndInfravit Trust at an EV of Rs. 6612 crore and equity value of Rs. 2550 crore valuing it at 1.7x P/B. The deal to de-consolidate net debt of Rs. 4060 crore in SIPL, Rs. 1900 crore cash inflow, 10% stake in IndInfravit trust, Rs. 4000 crore O&M contract and platform for future project divestment. The debt to more than halve in standalone SEL and SIPL leading to further capacity in bidding for upcoming BOT and HAM projects.

      Outlook

      We maintain our Buy rating on SEL with an unchanged price target of Rs. 285.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: Jul 4, 2019 04:03 pm

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