Sulabh Engineers & Services Ltd

Sulabh Engineers & Services Ltd

₹ 2.38 -1.24%
07 Jan 4:01 p.m.
About

Incorporated in 1983, Sulabh
Engineers and Services Ltd is
in the business of lending and
agricultural activities[1]

Key Points

Business Overview:[1][2]
SESL is a registered non-systemically important, non-deposit taking NBFC engaged in lending to retail, SME, and commercial customers. It provides inclusive financial solutions tailored to individuals and organizations across multiple business needs including:
a) Margin Financing
SESL finances the long-term working capital requirements of businesses, helping clients manage liquidity and sustain operations efficiently.
b) Asset Financing
The company provides funding for asset acquisition, secured against the asset itself. Such financing can also be structured as bridge finance, with the exposure later transferred to another lender.
c) Promoter & Structured Financing
SESL offers promoter funding against shareholding to support capital investments and business expansion. It also provides structured debt solutions and customized financing linked to specific cash flows or asset-backed structures.
d) Stressed Asset Funding
The company supports revival of stressed assets through tailored debt or hybrid financing structures aimed at business turnaround and value recovery.

  • Market Cap 23.9 Cr.
  • Current Price 2.38
  • High / Low 5.83 / 2.03
  • Stock P/E 15.0
  • Book Value 2.98
  • Dividend Yield 0.00 %
  • ROCE 7.38 %
  • ROE 5.87 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Stock is trading at 0.80 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 25.6%
  • Company has a low return on equity of 4.37% over last 3 years.
  • Earnings include an other income of Rs.0.61 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
0.37 0.36 0.37 0.44 1.65 2.09 -2.23 0.64 1.27 0.70 -0.43 0.86 1.11
0.03 0.08 0.08 0.11 1.33 1.64 -2.44 0.15 -0.00 0.05 0.43 0.12 0.06
Operating Profit 0.34 0.28 0.29 0.33 0.32 0.45 0.21 0.49 1.27 0.65 -0.86 0.74 1.05
OPM % 91.89% 77.78% 78.38% 75.00% 19.39% 21.53% 76.56% 100.00% 92.86% 86.05% 94.59%
-0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.28 -0.00 -0.00 -0.00 0.63 0.18 -0.20
Interest -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.02 0.02 0.03 0.03 0.03
Depreciation 0.02 0.02 0.01 0.01 0.01 0.01 0.03 0.01 0.01 0.01 -0.00 0.01 0.01
Profit before tax 0.32 0.26 0.28 0.32 0.31 0.44 0.46 0.48 1.24 0.62 -0.26 0.88 0.81
Tax % 25.00% 30.77% 39.29% 25.00% 19.35% 22.73% 54.35% 18.75% 27.42% 8.06% -15.38% 31.82% 22.22%
0.24 0.18 0.17 0.25 0.25 0.34 0.22 0.39 0.89 0.57 -0.22 0.60 0.64
EPS in Rs 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.04 0.09 0.06 -0.02 0.06 0.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
0.90 1.08 1.01 0.92 0.87 0.70 0.58 1.20 1.58 1.43 1.95 2.18 2.24
0.30 0.24 0.26 0.29 0.24 0.24 0.23 0.23 0.72 0.25 0.64 0.61 0.66
Operating Profit 0.60 0.84 0.75 0.63 0.63 0.46 0.35 0.97 0.86 1.18 1.31 1.57 1.58
OPM % 66.67% 77.78% 74.26% 68.48% 72.41% 65.71% 60.34% 80.83% 54.43% 82.52% 67.18% 72.02% 70.54%
-0.00 -0.00 -0.00 -0.00 -0.00 0.02 -0.00 -0.00 -0.00 -0.00 0.28 0.63 0.61
Interest 0.02 0.02 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.08 0.11
Depreciation 0.05 0.06 0.04 0.02 0.01 -0.00 0.03 0.10 0.07 0.06 0.04 0.03 0.03
Profit before tax 0.53 0.76 0.71 0.61 0.62 0.48 0.32 0.87 0.79 1.12 1.55 2.09 2.05
Tax % 32.08% 31.58% 30.99% 36.07% 24.19% -2.08% -6.25% 39.08% 13.92% 29.46% 31.61% 21.05%
0.37 0.51 0.50 0.40 0.46 0.48 0.34 0.53 0.68 0.80 1.06 1.64 1.59
EPS in Rs 0.04 0.05 0.05 0.04 0.05 0.05 0.03 0.05 0.07 0.08 0.11 0.16 0.16
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: 7%
5 Years: 30%
3 Years: 11%
TTM: 27%
Compounded Profit Growth
10 Years: 12%
5 Years: 37%
3 Years: 34%
TTM: -14%
Stock Price CAGR
10 Years: %
5 Years: 11%
3 Years: -22%
1 Year: -52%
Return on Equity
10 Years: 3%
5 Years: 4%
3 Years: 4%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 10.05 10.05 10.05 10.05 10.05 10.05 10.05 10.05 10.05 10.05 10.05 10.05 10.05
Reserves 11.20 11.71 12.21 12.61 13.07 13.66 14.00 14.53 15.20 16.00 17.06 18.70 19.93
0.02 0.13 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 1.27 1.65 1.65
0.30 0.28 0.41 0.26 0.26 0.10 0.14 0.25 0.24 0.23 0.11 0.80 1.15
Total Liabilities 21.57 22.17 22.67 22.92 23.38 23.81 24.19 24.83 25.49 26.28 28.49 31.20 32.78
0.16 0.10 0.07 0.02 3.23 3.21 3.53 3.43 3.40 3.34 3.30 2.99 2.98
CWIP -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Investments 3.21 3.82 3.99 5.74 5.14 5.87 5.55 5.15 4.01 5.44 11.10 8.87 11.33
18.20 18.25 18.61 17.16 15.01 14.73 15.11 16.25 18.08 17.50 14.09 19.34 18.47
Total Assets 21.57 22.17 22.67 22.92 23.38 23.81 24.19 24.83 25.49 26.28 28.49 31.20 32.78

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2.05 0.12 0.83 0.79 2.96 0.07 -0.13 0.65 -0.48 2.15 -2.28 -0.29
-2.63 -0.56 -0.17 -1.74 -2.61 0.02 -0.34 -0.00 -0.04 -0.00 -0.00 0.28
-0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Net Cash Flow -4.68 -0.43 0.66 -0.95 0.34 0.08 -0.47 0.65 -0.53 2.15 -2.28 -0.02

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Inventory Days
Days Payable
Cash Conversion Cycle -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Working Capital Days -12.17 -60.83 -18.07 -23.80 -50.34 469.29 1,340.43 584.00 443.54 -53.60 812.36 649.63
ROCE % 2.61% 3.61% 3.22% 2.72% 2.71% 2.01% 1.34% 3.58% 3.17% 4.37% 5.70% 7.38%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
25.57% 25.57% 25.57% 25.57% 25.57% 25.57% 25.57% 25.57% 25.57% 25.57% 25.57% 25.57%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.02% 0.02% 0.00%
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
74.38% 74.39% 74.40% 74.39% 74.38% 74.39% 74.39% 74.39% 74.36% 74.37% 74.37% 74.39%
No. of Shareholders 15,48114,95114,63419,03918,26118,73219,28318,97719,11319,63719,64819,630

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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