MarketFriction

Sulabh Engineers & Services Ltd

BSE 508969 · Non Banking Financial Company (NBFC)
₹2.50 +0.00%
BSE close2026-10-01
Market cap₹25.1 Cr.
P/E14.9

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2.212.10-2.041.621.830.700.800.981.170.611.141.82
Interest0.000.000.170.090.110.110.110.090.100.100.060.05
Expenses1.821.61-2.450.990.60-0.520.820.140.13-0.642.580.61
Financing Profit0.390.490.240.541.121.11-0.130.750.941.15-1.501.16
Financing Margin %17.65%23.33%-11.76%33.33%61.20%158.57%-16.25%76.53%80.34%188.52%-131.58%63.74%
Other Income0.000.000.810.000.010.001.140.18-0.200.040.520.12
Depreciation-0.020.080.040.030.030.010.040.020.020.020.020.02
Profit before tax0.410.411.010.511.101.100.970.910.721.17-1.001.26
Tax %14.63%24.39%19.80%17.65%30.91%4.55%-5.15%30.77%25.00%2.56%-39.00%23.02%
Net Profit0.350.310.810.420.751.061.030.620.541.14-0.610.97
EPS in Rs0.020.030.050.040.020.080.040.060.060.11-0.100.09
Gross NPA %
Net NPA %
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue2.075.234.848.013.822.473.743.633.695.464.424.74
Interest0.730.690.260.010.000.000.000.000.180.420.360.31
Expenses0.531.571.355.451.620.852.361.701.471.892.202.68
Financing Profit0.812.973.232.552.201.621.381.932.043.151.861.75
Financing Margin %39.13%56.79%66.74%31.84%57.59%65.59%36.90%53.17%55.28%57.69%42.08%36.92%
Other Income0.030.080.000.040.000.010.000.010.280.640.020.48
Depreciation0.080.090.060.060.110.190.150.160.130.110.080.08
Profit before tax0.762.963.172.532.091.441.231.782.193.681.802.15
Tax %26.32%7.43%4.73%0.00%-0.96%25.69%10.57%17.42%20.09%11.68%5.00%
Net Profit0.552.753.022.532.121.071.111.471.743.251.702.04
EPS in Rs0.050.270.300.150.120.080.110.110.140.240.090.16
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%12%7%10%
Compounded Profit Growth5%0%-9%-16%
Stock Price CAGR%4%-31%-24%
Return on Equity6%4%5%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital10.0510.0510.0510.0510.0510.0510.0510.0510.0510.0510.0510.05
Reserves11.9212.4514.0515.8116.1917.4418.5020.3921.5322.9625.4226.28
Borrowing9.889.758.713.313.383.383.383.383.381.271.650.00
Other Liabilities3.053.244.285.417.529.518.657.848.058.239.7910.51
Total Liabilities34.9035.4937.0934.5837.1440.3840.5841.6643.0142.5146.9146.84
Fixed Assets19.8119.7319.7722.9222.9023.5423.3523.3423.1923.1222.7422.66
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments1.211.443.192.593.323.002.601.462.898.556.328.87
Other Assets13.8814.3214.139.0710.9213.8414.6316.8616.9310.8417.8515.31
Total Assets34.9035.4937.0934.5837.1440.3840.5841.6643.0142.5146.9146.84
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.560.541.998.324.271.871.110.241.46-1.53-0.651.77
Cash from Investing Activity-0.56-0.23-1.75-2.61-0.03-0.750.00-0.14-0.01-0.060.27-0.01
Cash from Financing Activity0.50-0.12-1.04-5.40-4.30-1.70-0.300.000.00-0.790.37-1.65
Net Cash Flow-0.620.19-0.800.31-0.07-0.580.810.101.45-2.380.000.12
Free Cash Flow-0.570.541.995.114.241.121.110.101.45-1.59-0.381.76
CFO/OP-18%54%64%243%167%89%88%30%91%-50%-3%103%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %2.53%2.47%11.80%12.09%5.87%4.65%3.03%3.76%3.68%4.40%6.76%2.42%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters25.57%25.57%25.57%25.57%25.57%25.57%25.57%25.57%25.57%25.57%25.57%25.57%
DIIs0.00%0.00%0.00%0.00%0.00%0.02%0.02%0.02%0.00%0.00%0.00%0.00%
Government0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.00%0.00%
Public74.39%74.38%74.39%74.39%74.39%74.36%74.37%74.37%74.39%74.39%74.43%74.43%
No. of Shareholders19,03918,26118,73219,28318,97719,11319,63719,64819,63019,68219,45719,325

Fundamentals

Market Cap₹ 25.1 Cr.
Current Price₹ 2.50
Stock P/E14.9
Book Value₹ 3.62
ROCE4.69 %
ROE2.42 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)-16%
Consolidated figures.
Valuation
Market capRs 25 Cr
Enterprise valueRs 25 Cr
P/E (TTM)14.86x
Price to book0.69x
Price to sales5.30x
EV / EBITDA9.79x
EV / EBIT10.11x
EV / sales5.25x
Price to cash flow14.19x
Earnings yield6.73%
P/E, 3-year average24.80x
P/B, 3-year average1.03x
P/E, 5-year average29.75x
P/B, 5-year average1.16x
Profitability
Operating margin (excl. other income)50.23%
Operating margin (incl. other income)50.68%
EBITDA margin53.59%
Pre-tax margin45.36%
Net profit margin35.65%
Net margin, latest quarter50.55%
ROE2.42%
ROCE5.88%
ROA1.86%
ROE, 3-year average4.67%
ROCE, 3-year average8.07%
ROA, 3-year average3.56%
ROE, 5-year average4.29%
ROCE, 5-year average6.63%
ROA, 5-year average3.21%
ROIC (approx.)6.48%
Tax rate5.00%
Other income / net worth0.06%
Growth
Sales growth (latest year)-19.05%
Profit growth (latest year)-64.63%
Sales CAGR, 3 years6.78%
Sales CAGR, 5 years12.34%
Profit CAGR, 3 years-8.62%
Profit CAGR, 5 years0.47%
Sales growth QoQ59.65%
Sales growth YoY (latest quarter)85.71%
Profit growth YoY (latest quarter)50.82%
Per share
EPS (TTM)Rs 0.17
EPS (latest year)Rs 0.09
EPS (latest quarter)Rs 0.09
EPS, 3-year averageRs 0.16
EPS, 5-year averageRs 0.14
Book value per shareRs 3.62
Sales per shareRs 0.47
Cash flow per shareRs 0.18
Free cash flow per shareRs 0.18
Efficiency
Asset turnover0.09x
Fixed asset turnover0.20x
Inventory turnover-0.58x
Debtor days26 days
Debtors turnover14.26x
Leverage
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Net debt / EBITDA-0.10x
Interest coverage7.94x
Owners' fund to total sources77.56%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 2 Cr
Cash from ops / profit, 5 years0.14x
Sales to cash flow2.50x
Statement figures
Net sales (TTM)Rs 5 Cr
Net sales (latest year)Rs 4 Cr
Sales (latest quarter)Rs 2 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs -1 Cr
Total expenditure (latest year)Rs 2 Cr
Total income (latest year)Rs 4 Cr
Share capitalRs 10 Cr
ReservesRs 26 Cr
Shareholders' fundsRs 36 Cr
Total assetsRs 47 Cr
Net blockRs 23 Cr
InvestmentsRs 9 Cr
ReceivablesRs 0 Cr
InventoryRs 2 Cr
Other liabilitiesRs 11 Cr
Shares outstanding (crore)10.05
Ownership
Promoter holding25.57% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 14.9 is at the 37th percentile of its own 9.3-year range (median 20.0, low 2.4, high 248.3).
P/B 0.69 is at the 33th percentile (median 1.01).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period508969Nifty 50Difference
1 week-3.1%-2.8% -0.3 pts
1 month-7.1%-6.8% -0.3 pts
3 months-9.1%-7.6% -1.5 pts
3 years-68.0%+14.2% -82.2 pts
5 years+14.2%+27.9% -13.7 pts

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -9% of net profit over the last 3 years
lookInventory outrunning sales Inventory grew 181% vs sales -19% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Revenue ₹2 Cr +85.7% vs Jun 2025. Net profit ₹1 Cr +56.5%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Sulabh Engineers & Services Ltd?

Sulabh Engineers & Services Ltd (508969) has a market capitalisation of Rs 25.1 Cr. at the 2026-10-01 close.

What is the P/E ratio of Sulabh Engineers & Services Ltd?

Sulabh Engineers & Services Ltd trades at a P/E of 14.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Sulabh Engineers & Services Ltd's latest quarterly results?

In the Jun 2026 quarter, Sulabh Engineers & Services Ltd revenue was Rs 2 Cr (+85.7% vs Jun 2025) and net profit was Rs 1 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03