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    Sobhagya Mercant

    Diversified Indian infrastructure conglomerate — roads/highways EPC & HAM construction, engineering consultancy, coal & aggregate mining, construction-equipment leasing, and an upcoming integrated steel plant.

    Services
    Services

    Overview

    Price

    Market Cap

    ₹920 Cr

    Sector

    Services

    Services

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital000008810
    Reserves6142535477282183
    Borrowings5727147722
    Other Liabilities41425452686111135
    Total Liabilities1535528887173208350
    AssetsFixed Assets12122122
    CWIP00001100
    Investments10135000079
    Other Assets421468584170206269
    Total Assets1535528887173208350

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating01-1-14-24-172
    Cash from Investing0-62133-100
    Cash from Financing0510-1-216-1
    SummaryCapital Expenditure
    Free Cash Flow00-2-15-44-171
    FCF Margin

    Valuation

    Assumptions

    Current — 512014
    Price
    ₹885
    EPS (TTM)
    ₹25.31
    PE (TTM)
    35.0
    Profit growth
    27.2%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (7.6×) and current (35.0×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹885
    vs
    Fair value · 15% return
    ₹313
    65%Overvalued

    At 27.2% growth and a 8× exit, ₹885 only delivers your return if you pay ₹313. The price is currently baking in 53% growth.

    EPS grows 27.2%/yr for 5 years, then fades to 6% over 2, exits at 8×.

    YearGrowthEPS (₹)
    FY2727.2%32.19
    FY2827.2%40.95
    FY2927.2%52.09
    FY3027.2%66.26
    FY3127.2%84.28
    FY3216.6% ·fade98.27
    FY336.0% ·fade104.17

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Sobhagya Mercant

    Guides on how to read this kind of business and the numbers that matter.