Sejal Glass Ltd Q2 FY26 Results & Concall Highlights: Revenue ₹400 Cr
Published 1 Jun 2026 | Industrial Products | Market Cap: ₹816 Cr
Targeting Rs.400+ crores revenue for FY26, already at Rs.182.81 crores in H1 FY26, indicating on-track growth. Sejal Glass aims to improve EBITDA margins from 16.62% (H1 FY26) to over 18% by year-end FY26 on a consolidated basis.
From Sejal Glass Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹664
Market Cap
₹816 Cr
P/E Ratio
25.9
How does Sejal Glass Ltd rank in Industrial Products?
Compare Sejal Glass Ltd against every Industrial Products company this quarter on revenue, margins and earnings-call signals.
Sejal Glass Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹115 Cr, net profit ₹11 Cr.
Full financials →📊 Revenue & Sales Performance
- →Targeting Rs.400+ crores revenue for FY26, already at Rs.182.81 crores in H1 FY26, indicating on-track growth.
- →Expansion plans through acquisition of Glasstech units (Taloja and Erode) aiming to grow their turnover from Rs.36 crores yearly run-rate to Rs.200 crores.
- →UAE plant capacity utilization is high (~90%), with Brownfield CAPEX underway to increase tempering capacity enabling revenue potential beyond Rs.400 crores.
- →Focus on increasing presence in new domestic markets like Nasik, Nagpur, Bangalore, Ahmedabad, Surat, and tier-2/3 cities.
- →Partnership with Saint Gobain expected to boost market reach, technical capabilities, and easier access to large orders, with a target to utilize existing and new capacities fully.
- →Expansion into high value-added product segments like bulletproof and fire-rated glass expected to open new revenue streams.
- →Africa and Europe markets penetration underway, targeting 10%-15% and 5% market shares respectively within a few quarters.
- →Overall, steady volume and utilization growth expected with new product launches and geographical expansion.
📈 Profitability & Margins
- →Sejal Glass aims to improve EBITDA margins from 16.62% (H1 FY26) to over 18% by year-end FY26 on a consolidated basis.
- →Glasstech acquisition integration is expected to break even by Q4 FY26, contributing positively thereafter.
- →Capacity expansions, including a new tempering line in UAE, are expected to increase revenue potential beyond Rs.400 crores yearly in UAE.
- →The company targets Rs.400+ crores total revenue for FY26 and remains confident to meet guidance barring major risks.
- →Expansion into value-added products like bulletproof and fire-resistant glass, supported by new technologies and partnerships, aims for higher margin growth.
- →International markets (Africa, Europe) and diversification beyond UAE are expected to contribute to growth and margin stability.
- →Strategic marketing alliances (e.g., Saint Gobain) are expected to enhance sales and efficiency, indirectly supporting earnings growth.
- →Overall, Sejal Glass plans continuous margin improvement, capacity utilization gains, and diversified revenue for robust future earnings growth.
🏗️ Capital Expenditure Plans
- →Brownfield CAPEX planned in UAE, including adding one more tempering line expected to start in Q1 and implemented by Q4, enhancing tempering capacity and potentially increasing overall UAE revenue beyond Rs.400 crores.
- →Re-engineering planned at Taloja plant with machinery investments.
- →Little bit of investment planned at Erode unit, including adding a couple of machines.
- →Investment planned in the newly started facade division in UAE due to good order book.
- →Capital raise of up to Rs.94.35 crores through preferential issue for expansion plans, technology upgrades, and working capital support in India and overseas.
- →Ongoing due diligence for a potential acquisition expected within a month.
- →Investments also include IT infrastructure and people development.
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
- →The current order book in the UAE is more than AED 60 million (Page 12).
- →The company has not quantified the expected order pipeline size from the recent partnership with Saint Gobain but aims to fulfill full capacity with synergy from this relationship (Page 16).
- →The two recently acquired plants have a combined annual capacity target of around Rs. 300 crore turnover (Rs. 200 crore from the two plants and Rs. 100 crore from Silvassa plant) (Page 16).
- →The UAE plant is operating near peak utilization, with plans for Brownfield CAPEX to add tempering capacity to increase revenue potential beyond Rs. 400 crore (Page 12).
- →No specific guidance on railway segment order book; the business there is at an initial stage (Page 12).
- →Overall, the company targets Rs. 400 crore+ revenue for FY26, indicating a healthy order pipeline (Page 6, 12).
Key Metrics
Frequently Asked Questions
What were Sejal Glass Ltd Q2 FY26 results?
Targeting Rs.400+ crores revenue for FY26, already at Rs.182.81 crores in H1 FY26, indicating on-track growth. Sejal Glass aims to improve EBITDA margins from 16.62% (H1 FY26) to over 18% by year-end FY26 on a consolidated basis.
What is Sejal Glass Ltd share price analysis?
Sejal Glass Ltd currently shows a neutral. The stock trades at a P/E of 25.9 with a market cap of ₹816 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sejal Glass Ltd planning capital expenditure?
Brownfield CAPEX planned in UAE, including adding one more tempering line expected to start in Q1 and implemented by Q4, enhancing tempering capacity and potentially increasing overall UAE revenue beyond Rs.400 crores.
Keep Sejal Glass Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.