Sejal Glass Ltd Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 28 May 2026 | Industrial Products | Market Cap: ₹816 Cr
FY'26 revenue is expected to be Rs. FY'26 revenue is expected to be Rs.
From Sejal Glass Ltd's Q4 FY25 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
Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Reported quarterly figures (₹ Cr). Latest: revenue ₹115 Cr, net profit ₹11 Cr.
Full financials →📊 Revenue & Sales Performance
- →FY'26 revenue is expected to be Rs. 400 crore plus, driven by full utilization of four plants.
- →Full capacity utilization across all facilities anticipates total revenue upward of Rs. 600 crore.
- →UAE plant capacity is Rs. 350 crore, targeting Rs. 235 crore for FY'26.
- →Glasstech Industries currently at 35% capacity, with potential to scale revenue to Rs. 200 crore at full capacity.
- →Bulletproof glass revenue expected to start from Q2 FY'26; product still in testing phase.
- →Capacity ramp-up planned quarter-on-quarter, aiming for full utilization within 2 years.
- →Long-term growth expected at over 25% year-on-year, supported by increased demand in architectural glass in India and GCC.
- →New façade manufacturing vertical likely to increase glass consumption and provide additional revenue streams.
- →Margin guidance maintained conservatively at around 15% EBITDA with improved operational efficiencies.
📈 Profitability & Margins
- →FY'26 revenue is expected to be Rs. 400 crore plus, with growth continuing beyond that.
- →The company anticipates over 25% year-on-year growth after expansions and new product additions.
- →Operating margin (EBITDA) is expected to maintain or slightly improve around 15%.
- →Glasstech acquisition (new plants) to be profitable from Q2 FY'26, contributing to overall margins.
- →Capacity utilization to ramp up over next 1-2 years, supporting revenue and profit growth.
- →EPS for FY'25 was Rs.10.85; with growth and capacity expansions, EPS is expected to improve further.
- →Growth driven by increased sales in IG glass, laminated glass, bulletproof glass, and façade manufacturing.
- →Improvement in fixed cost absorption will further enhance operating margins.
🏗️ Capital Expenditure Plans
- →Sejal Glass Limited has undertaken CAPEX of around Rs. 4 crore towards façade manufacturing at the UAE plant, with capacity of 1 lakh square meters for unitized and semi-unitized panels.
- →This façade manufacturing is a strategic move to capture demand in the UAE, GCC, and export markets like the US.
- →The facade division is expected to increase glass consumption and offer operating margins around 20%.
- →The company plans to raise around Rs. 25 crore via a Qualified Institutional Placement (QIP), depending on market conditions, within 3 to 6 months. Funds will be used partly for debt repayment and business expansion working capital.
- →Glasstech Industries acquisition, worth Rs. 34 crore, was funded with 50% debt and 50% equity; part of CAPEX expanded capacity.
- →Ramp-up to full capacity utilization across plants expected to take about 2 years with quarter-on-quarter improvement.
💰 Fundraising & Capital Structure
- The company has tied up working capital with banks for two units, covering current funding needs.
- They plan to raise some equity within a 3 to 6 months timeline.
- The equity raised will be partly used for business expansion, working capital, and some repayment of debt.
- The last QIP (Qualified Institutional Placement) planned to raise around Rs. 25 crore was not successful due to market conditions and regulatory delays.
- The company intends to attempt another QIP in the near future, depending on market scenarios.
- Debt funding includes a 50-50 planned mix of debt and equity for acquisitions like Glasstech.
- Promoter funding is long-term in nature with repayments dependent on future free cash flows, implying no immediate repayment pressure.
Overall, fundraising will be a mix of debt and equity based on expansion requirements and market conditions.
📋 Order Book & Pipeline
- →The company will start sharing order book details after Q1 (post-March 31, 2025).
- →Currently, no separate order book details for India and UAE divisions are disclosed.
- →For railways, the bulletproof glass product is approved, but large Purchase Orders (LPOs) are pending, with only small quantities supplied so far.
- →Efforts are ongoing to secure big orders in the railways segment.
- →For Glasstech Industries, current utilization is around 35%, with order inflow ramping up from Q2 FY'26.
- →Overall, order book specifics not disclosed in this earnings call transcript as of May 21, 2025.
Key Metrics
Frequently Asked Questions
What were Sejal Glass Ltd Q4 FY25 results?
FY'26 revenue is expected to be Rs. FY'26 revenue is expected to be Rs.
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?
Sejal Glass Limited has undertaken CAPEX of around Rs.
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.