| Management target | Net Profit 50.0% next 3-4 years |
|---|
| Revenue growth | H1 earnings up 100% YoY; manufacturing volumes show strong QoQ momentum. |
|---|---|
| Margins | Current EBITDA 4.5%; targets 6-7% via backward integration in Raipur. |
| Order book | Solar order book exceeds 50,000 tons, providing one-year revenue visibility. |
| Demand visibility | Positive domestic demand in construction/renewables; international visibility clouded by freight costs. |
| Management confidence | Highly optimistic, emphasizing unique positioning and aggressive scale-up plans through 2030. |
Growth
H1 earnings doubled YoY; processing volumes reached 206,000 tons, up 16% QoQ. Manufacturing segments like profiles grew 20% QoQ.
Outlook
Targets EBITDA margins of 6-7% (vs current 4.5%) following backward integration. Aims for 25+ service centers by 2030.
Risks
Steel price spikes (25-30%), rising ocean freight, and Middle East crisis impacting international demand visibility.
Last quarter's promises, checked
Delivered
- Guided capex via internal cash, no raise → funded via accruals (= BEAT)
- Guided Q2 volume pickup QoQ → processing 206k t, +16% QoQ (= BEAT)
Partly delivered
- Guided FY27 capex ₹400–500Cr → H1 ₹250Cr (= PARTIAL, on pace)
- Guided 12 service centres in 6–12 mo → only Indore launch; total undisclosed (= PARTIAL)
- Guided 7 pipeline launches in 2 qtrs → 5 accessory launches (= PARTIAL)
Missed
- Guided 25 service centres by 2029 → 25+ by 2030 (= MISS, 1-yr slip)
Earnings Call Transcript filed with NSE, NSE: SGMART. Summary written with AI assistance from the document.
SG Mart Ltd: key numbers
- Share price
- ₹802.95
- Market cap
- ₹10,123 Cr
- Revenue (annual)
- ₹6,315 Cr
- Net profit (annual)
- ₹111.1 Cr
- P/E (TTM)
- 66.7×Sector 21.0×
- 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 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 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
SG Mart Q2 FY27 Results: Net Profit ₹54 Cr, Up 103.8% YoY
SG Mart Ltd reported revenue from operations of ₹1,562 Cr (-8.4% YoY) and net profit of ₹54 Cr (+103.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹54 Cr · +103.8% YoY
SG Mart Board Meeting Date
SG Mart Limited has scheduled a Board meeting on October 27, 2026, to consider and approve its unaudited financial results for the quarter ending September 30, 2026.