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SG Mart Ltd

Q4 FY26Metals & Minerals Trading

SG Mart Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹820

Market cap₹8.9K Cr

P/E71.9

Updated23 Aug 2026

Read4 min read

The short version

SG Mart targets a 50% business growth over the next three years. SG Mart expects strong growth, targeting a 50% CAGR over the next three years, driven mainly by value-added verticals like service centers, renewable structures, and steel profiles.

From SG Mart Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

SG Mart targets a 50% business growth over the next three years.
Service center business is expected to triple from approximately 600,000 tons to around 2 million tons annually by the end of three years.
Plan to operate about 20 service centers, each with 8,000-10,000 tons monthly volume.
Renewable structures business aims for around 250,000-300,000 tons annual volume in three years.
Steel profile structures are expected to reach around 300,000 tons annually in three years.
B2B business volume is variable and uncertain, estimated between 1-3 million tons but no firm guidance given.
Growth will be steady and quarterly performance is expected to improve progressively.

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Profitability & Margins

SG Mart expects strong growth, targeting a 50% CAGR over the next three years, driven mainly by value-added verticals like service centers, renewable structures, and steel profiles.
Q4FY26 EBITDA was INR56 crores, with confidence to sustain and increase EBITDA through FY27 despite challenges.
EBITDA growth is expected to outpace PAT growth over the next 2 years due to continued capex and high depreciation.
Annualized Q4 performance suggests an ROCE of around 25%, reflecting business strength.
Capacity expansion planned with INR600 crores capex over two years, focusing on new service centers, land acquisition, and profile machinery.
The company aims for better bottom-line growth rather than mere revenue growth, focusing on profitability and cash profits.

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Capital Expenditure Plans

FY26 capex was around INR525 crores, mainly towards service centers and land acquisitions.
Approved minimum capex of INR600 crores for FY27 and FY28, which may increase if additional profile or renewable structure lines are added.
Capex allocation:
Approximately one-third for building new service centers.
Around half for acquiring new land parcels (4-5 parcels planned).
Remaining 15-20% towards profile machines.
Capacity expansions planned for renewable structures and profile businesses.

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Fundraising & Capital Structure

There is no mention of any current or planned fundraising through debt or equity in the provided transcript.
The company currently has around INR750 crores cash on books and is generating sufficient cash flow (INR200-250 crores) from operations to fund planned capex of around INR300 crores over the next two years.
The focus is on deploying internal cash flow and existing cash for capacity building and working capital requirements.

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Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders for SG Mart Limited. However, some related insights can be summarized: - The company is focusing on growth and capacity building, deploying cash flow and cash on books for capex over the next 2-3 years. - Service center volumes and renewable structures volumes are planned to grow significantly over the next three years, indicating an expanding business pipeline. - There is mention of supply constraints (steel shortage, coated steel for renewables) impacting volumes temporarily. - Management shows confidence in achieving target volumes (e.g. 2 million tons from service centers, ~300,000 tons each from renewables and steel profile structures in 3 years).

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SG Mart Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.8K Cr, net profit ₹41 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What SG Mart's management said in earlier quarters

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Frequently Asked Questions

What were SG Mart Ltd Q4 FY26 results?

SG Mart targets a 50% business growth over the next three years. SG Mart expects strong growth, targeting a 50% CAGR over the next three years, driven mainly by value-added verticals like service centers, renewable structures, and steel profiles.

What is SG Mart Ltd share price analysis?

SG Mart Ltd currently shows a neutral. The stock trades at a P/E of 71.9 with a market cap of ₹8,942 Cr. Investors should review the full earnings analysis for detailed insights.

Is SG Mart Ltd planning capital expenditure?

FY26 capex was around INR525 crores, mainly towards service centers and land acquisitions.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.