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Earnings Call Transcript

SG Mart Earnings Call Transcript: Key Takeaways

SG Mart reported sustained profitability in Q1 FY27, shifting from trading to a manufacturing model. Management achieved a 4.5% EBITDA margin and emphasizes 5 key pillars including distribution and service centers.

Guidance and delivery
Management target Revenue 50.0% 2030
Highlights
MarginsStructural shift to 4.5% EBITDA margin; aiming for INR 5,000/ton post-integration.
Order bookSolar 2-3 months; others are off-the-shelf 24-48 hour turnaround.
Demand visibilityStrong visibility from solar, infrastructure, and construction segments.
Management confidenceHigh; guided for 50% CAGR over next 3 years.

Growth

Service center volumes grew Y-o-Y to 160k tons from 120k tons. Quarterly EBITDA target of INR 300 Cr for FY27.

Outlook

Planned INR 1,500 Cr capex over 2-3 years for 25 service centers and backward integration in Raipur.

Risks

Geopolitical tensions affecting oil/steel prices and seasonality causing Q-o-Q volume dips.

Last quarter's promises, checked

Delivered

  • Guided INR 50 Cr business EBITDA → delivered INR 50 Cr (= BEAT)
  • Guided 20 days working capital → delivered 20 days (= BEAT)
  • Guided 15% ROCE → delivered 15% (= BEAT)

Partly delivered

  • Guided INR 300-350 Cr annualized EBITDA → delivered Q1 FY27 run-rate (INR 300 Cr target) (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, NSE: SGMART. Summary written with AI assistance from the document.

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SG Mart Ltd: key numbers

Share price
₹731.00
Market cap
₹9,216 Cr
Revenue (annual)
₹6,315 Cr
Net profit (annual)
₹111.1 Cr
P/E (TTM)
74.1×Sector 25.1×
Promoter holding
57.90%+21.63% QoQ
FII holding
1.90%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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