Sobhagya Mercantile share price & results
- Jun 2026
- Sept 2026
Diversified Indian infrastructure conglomerate — roads/highways EPC & HAM construction, engineering consultancy, coal & aggregate mining, construction-equipment leasing, and an upcoming integrated steel plant.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 41.4 | −20.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 14.4 | −0.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 4.1 | −27.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 15.02 | −9.0 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 22.84 | +33.7 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 21.94 | +11.2 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +43.4% 1Y
1Y: ₹920.6 on 24 Oct 2025 → ₹1,320. High ₹1,530 (7 Sept 2026), low ₹700.3 (9 Mar 2026).
- Previous close
- ₹1,277.05
- Market cap
- ₹873 Cr
- 52-week range
- ₹700.3 – ₹1,530
- One year
- +43.38%
- Price to earnings (TTM to Jun 2026)
- 42.59×
- Return on equity (TTM to Jun 2026)
- 15.02%
Overview
- Symbol
- NSE:SOBME
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What Sobhagya Mercantile Ltd. does
Based on the company's own presentations, annual report and earnings calls.
Sobhagya Mercantile Ltd (SML), founded in 1983, is a diversified infrastructure conglomerate built around six business lines. Its largest business is infrastructure construction, executing roads and highways contracts under EPC and Hybrid Annuity Model (HAM) structures, complemented by an infrastructure engineering arm offering detailed project reports (DPRs), construction supervision and project management consultancy (PMC). The company also runs coal (via the allotted Marki Mangli-IV coal block) and aggregate mining operations, leases construction and mining machinery to contractors and developers, and is setting up an integrated steel plant at Gadchiroli, Maharashtra to produce construction-grade steel for its own value chain.
Segments
- Infrastructure Construction
- Infrastructure Engineering
- Mining
- Equipment Leasing
- Material Production & Supply
- Steel Manufacturing
- Business segments
- 6 (Construction, Engineering, Mining, Equipment Leasing, Material Production & Supply, Steel Manufacturing)
- Coal block allocated
- Marki Mangli-IV
- Mining operations
- Coal + aggregate mining
- Steel plant (under construction)
- 1, at Gadchiroli, Maharashtra
- Contract models (construction)
- EPC and Hybrid Annuity Model (HAM)
- Equipment leasing fleet
- Construction & mining machinery leased to contractors/developers
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −27% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 28 | 45 | 57 | 52 | 51 | 47 | 82 | 41 |
| Expenses | 25 | 39 | 48 | 45 | 44 | 38 | 73 | 35 |
| Operating profit | 3 | 6 | 8 | 8 | 7 | 9 | 9 | 6 |
| Operating margin | 9.8% | 13.9% | 14.6% | 14.9% | 13.5% | 19.1% | 10.9% | 14.4% |
| Other income | 2 | 0 | 3 | 0 | 0 | 0 | 3 | 0 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 4 | 6 | 11 | 8 | 6 | 8 | 11 | 5 |
| Tax rate | 44.9% | 38.8% | 31.9% | 25.4% | 25.3% | 24.9% | 47.7% | 25.1% |
| Net profit | 2 | 4 | 8 | 6 | 5 | 6 | 6 | 4 |
| EPS (₹ per share) | 2.51 | 4.35 | 9.02 | 6.69 | 5.60 | 7.20 | 5.82 | 4.19 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 112 | 120 | 156 | 233 |
| Expenses | 96 | 102 | 135 | 200 |
| Operating profit | 16 | 18 | 21 | 33 |
| Other income | 0 | 0 | 5 | 3 |
| Interest | 1 | 2 | 1 | 2 |
| Depreciation | 0 | 1 | 1 | 0 |
| Profit before tax | 14 | 16 | 24 | 33 |
| Net profit | 11 | 12 | 16 | 22 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 8 | 8 | 10 |
| Reserves | 25 | 35 | 47 | 72 | 82 | 183 |
| Borrowings | 2 | 7 | 14 | 7 | 7 | 22 |
| Other liabilities | 25 | 45 | 26 | 86 | 111 | 135 |
| Total liabilities | 52 | 88 | 87 | 173 | 208 | 350 |
| Fixed assets | 1 | 2 | 2 | 1 | 2 | 1 |
| Capital work in progress | 0 | 0 | 1 | 1 | 0 | 1 |
| Investments | 5 | 0 | 0 | 0 | 0 | 79 |
| Other assets | 46 | 85 | 84 | 170 | 206 | 269 |
| Total assets | 52 | 88 | 87 | 173 | 208 | 350 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -1 | -14 | -2 | 4 | -17 | 53 |
| Cash from investing | 2 | 13 | 3 | -1 | 0 | -79 |
| Cash from financing | 1 | 0 | -1 | -2 | 16 | 88 |
| Net cash flow | 2 | -2 | 0 | 2 | -2 | 62 |
| Free cash flow | -2 | -15 | -4 | 4 | -17 | 53 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 129 | 62 | 172 | 61 | 249 | 211 |
| Inventory days | 2 | 5 | 9 | 17 | 12 | 13 |
| Days payable | 339 | 285 | 396 | 186 | 449 | 478 |
| Cash conversion cycle | -208 | -218 | -216 | -108 | -188 | -254 |
| Working capital days | 37 | 115 | 129 | 176 | 187 | 106 |
| Return on capital employed | 60.0% | 57.0% | 44.0% | 34.0% | 34.0% | 23.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
ExpensiveTo justify its price of ₹1320, this stock must grow earnings at 37% every year for 7 years. Our analysis caps realistic growth at ~26%. At that growth it is worth ₹776 — downside of 41%.
- Growth the price implies
- 36.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 27.2% a year
- net profit, FY23–FY26 · EPS 25.6%
- The gap
- 0.1 pp
- -41% downside if it only repeats history
Ownership
Who owns it
Promoters hold 60.58% as of Sept 2026; institutions added 0.00 pts since Jul 2026.
- Promoters 60.58%
- Foreign institutions 19.22%
- Public 20.18%
Who bought this quarter
since Jul 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 18.29% held
- newly disclosed 10.57% held
- newly disclosed 10.57% held
- newly disclosed 10.57% held
- newly disclosed 10.57% held
The same filing shows 0 holders trimming and 5 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Sobhagya Mercantile Ltd. above SEBI's 1% disclosure line, and what changed since Jul 2026.
| Holder | Stake | Change |
|---|---|---|
| 18.29% | newly disclosed | |
| 10.57% | newly disclosed | |
| 10.57% | newly disclosed | |
| 10.57% | newly disclosed | |
| 10.57% | newly disclosed | |
| FPI fund | 6.26% | unchanged |
| FPI fund | 6.26% | unchanged |
| FPI fund | 3.83% | unchanged |
| FPI fund | 2.88% | unchanged |
| 1.67% | unchanged | |
| 1.67% | unchanged | |
| 1.60% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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