Sulabh Engineers & Services Ltd
Incorporated in 1983, Sulabh
Engineers and Services Ltd is
in the business of lending and
agricultural activities[1]
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7h
- Closure of Trading Window 20 Dec
- Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Oct 2025
- Declaration Of Unaudited Financial Results For The Quarter/Half Year Ended On 30.09.2025 14 Oct 2025
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On 14.10.2025
14 Oct 2025 - Board approved standalone and consolidated results for quarter/half year ended Sep 30, 2025; limited review unmodified.
Annual reports
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Financial Year 2025
from web
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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.