At a Glance
A ₹38 Cr market-cap micro-cap from Bihar, Shantidoot Infra has managed to clock a jaw-dropping ROE of 96.6%, P/E of just 7.3x, and zero debt. The company is profitable, growing fast, and cash flow-positive (kinda). But the big question — is it “India’s next big infra story” or just a glorified local contractor with clean books?
1. 🎬 Introduction with Hook
Most SME infra stocks trade like toothpaste tubes after Holi — squeezed out, empty, and about to burst.
But Shantidoot Infra, founded in 2019, doesn’t care about stereotypes.
This Patna-based company is posting 30 Cr revenue, ₹5.3 Cr PAT, 24% EBITDA margins, and an ROCE that would make DLF weep.
And all this… with barely ₹0.06 Cr in debt.
Is this India’s cleanest real estate operator or the best-positioned contractor no one’s heard of?
2. 🧩 WTF Do They Even Do? (Business Model)
🔨 Core Business:
- Construction contracts
- Real estate project execution
- Mainly residential and commercial construction in Bihar
🏠 Not a developer (yet), but a turnkey EPC-style infra executor
⚙️ All revenues come from project execution — no recurring rental or annuity biz
📍 Focus Area: Patna & surrounding areas
🧾 Contract nature: Likely state or private realty tie-ups (not disclosed)
In short: a high-margin infra contractor that hasn’t defaulted, diluted, or died. That’s rare.
