ALFA Finder| Management target | EBITDA 50.0% FY27 |
|---|
| Revenue growth | Sustained revenue with structural shift toward higher-margin manufacturing segments. |
|---|---|
| Margins | Structural expansion from 2% to 4%+, targeting 5-7% after integration. |
| Order book | Short turnaround orders (24-48h) except 2-3 months for solar structures. |
| Demand visibility | Strong visibility from construction, renewable energy, and infrastructure sectors. |
| Management confidence | Extremely confident, emphasizing high ROCE and internal cash flow funding. |
Growth
Achieved second consecutive quarter of sustained revenue and profitability; EBITDA margins improved structurally to over 4%.
Outlook
Targeting 1000Cr EBITDA and 4.5 million tons volume by 2030 through massive backward integration.
Risks
Geopolitical volatility impacting steel/oil prices; execution risks in scaling to 25 service centers by 2029.
Last quarter's promises, checked
Delivered
- Guided 50Cr business EBITDA → delivered 50Cr (= BEAT)
- Guided 130k-150k tons solar volume → delivered 11k in Q1 (~44k run rate) (= BEAT)
- Guided 15% ROCE → delivered structurally improved margins (= BEAT)
Partly delivered
- Guided 300Cr-350Cr FY27 EBITDA → Q1 performance on track but requires scaling (= PARTIAL)
Earnings Call filed with NSE, NSE: SGMART. Summary written with AI assistance from the document.
SG Mart Ltd: key numbers
- Share price
- ₹911.35
- Market cap
- ₹11,490 Cr
- Revenue (annual)
- ₹6,315 Cr
- Net profit (annual)
- ₹111.1 Cr
- P/E (TTM)
- 75.7×Sector 21.7×
- Promoter holding
- 57.88%-0.02% QoQ
- FII holding
- 3.94%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from SG Mart Ltd
All →SG Mart Annual General Meeting
SG Mart Limited issued a postal ballot notice seeking shareholder approval to appoint Shri Jitendra Agarwal as Non-Executive Independent Director for five years. E-voting runs from 5 November to 4 December 2026.
SG Mart Acquisition Worth ₹0.02 Cr
SG Mart will acquire 25,000 equity shares (16.67%) of APL Apollo Foundation, a Section 8 CSR entity, for Rs.0.02 Crore cash. The deal is a related-party transaction, expected to complete by 31 December 2026.
- Value
- ₹0.02 Cr
- Execution
- Expected to complete by December 31, 2026
SG Mart Acquisition Worth ₹0.01 Cr
SG Mart will acquire 24.5% of SG Enterprise Solutions for ₹0.01 crore cash from a promoter group firm. The target becomes an associate providing group shared services.
- Value
- ₹0.01 Cr
- Execution
- Expected completion by December 31, 2026
SG Mart Earnings Call Transcript: Key Takeaways
SG Mart is aggressively transitioning from pure trading to a higher-margin manufacturing and service center model. While earnings grew 100% YoY in H1, management is navigating commodity volatility and logistics headwinds.
- Call
- Guides 50% growth
SG Mart Employee Stock Options
SG Mart granted 94,000 employee stock options at a ₹640 exercise price. No cash is received at grant, as options vest over time.
- Execution
- Options vest from the grant date per the committee's schedule and are exercisable within 1 year of the last vesting.
SG Mart Investor Presentation: Key Takeaways
Q2FY27 revenue Rs15.6bn (-8% YoY), EBITDA Rs720mn (4.6% margin, +297bps YoY), PAT Rs540mn (+104% YoY). Strategy: scale service centres, solar structures and steel profiles.
- Call
- Guides 50% growth