Sugs Lloyd Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 7 Aug 2026 | Electrical Equipment | Market Cap: ₹364 Cr
Targeting INR1,000 crores revenue by FY '28, reflecting significant growth from around INR300 crores in FY '26. Sugs Lloyd aims to achieve INR1,000 crores revenue by FY 2028 with confidence in reaching this target.
From Sugs Lloyd Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹197
Market Cap
₹364 Cr
P/E Ratio
12.0
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📊 Revenue & Sales Performance
- →Targeting INR1,000 crores revenue by FY '28, reflecting significant growth from around INR300 crores in FY '26.
- →Order book of INR418 crores as of Q3 FY '26, with an expected order inflow of INR150-200 crores in Q4 FY '26.
- →Bid pipeline exceeds INR1,000 crores, including large transmission tenders worth around INR650 crores.
- →Transmission segment to emerge as third biggest revenue contributor from next financial year, focusing on substation projects with shorter gestation.
- →Solar order book of INR220 crores expected to be largely executable within 6-10 months.
- →Working capital and bank facilities being expanded to support scaling revenue.
- →Operational efficiency and niche products contribution (targeting 10% revenue share by FY '27) aimed at profitability and sustained growth.
- →Confident of maintaining or improving current healthy EBITDA margins (~15%).
📈 Profitability & Margins
- →Sugs Lloyd aims to achieve INR1,000 crores revenue by FY 2028 with confidence in reaching this target.
- →For FY '27, expected revenue is around INR600 crores, with operational scale and order book visibility supporting this growth.
- →Margins are expected to remain stable at around 15%, with potential slight improvement due to niche products and diversification into EHV transmission.
- →Profit after tax for FY '27 is projected around INR50-60 crores, supported by sustained EBITDA margins (~15%).
- →Internal accruals and enhanced banking facilities (doubling bank limits) will support working capital and growth.
- →Niche products expected to contribute around 10% to revenues by FY '26 and '27, improving profitability.
- →Transmission segment poised to become the third largest revenue contributor in FY '27, complementing growth.
- →Execution excellence and new digital tools aim to boost operational efficiency affecting operating profits positively.
🏗️ Capital Expenditure Plans
- →There is no explicit mention of current or future capex or strategic capital investments in the excerpts.
- →The company is focusing on diversifying into EHV transmission and niche products, indicating potential future investments in these areas.
- →Induction of senior personnel at the President level for Business Development and Marketing suggests strategic investment in human capital.
- →The company is developing new proprietary digital tools to enhance project monitoring, implying investment in technology.
- →No specific details on capex amounts or timelines were provided.
- →Priority areas include operational efficiency and execution excellence, which may involve capital allocation but are not explicitly detailed.
💰 Fundraising & Capital Structure
- →No plans for further equity dilution in the next one to two years as of now.
- →Company is enhancing its banking facilities to fund growth, almost doubling existing bank limits.
- →Several bank sanctions have come through, with more in process to support targeted revenue growth.
- →Working capital facilities are being organized and periodically reviewed to support FY '27 and FY '28 targets.
- →Debt is expected to be the major source for funding growth, alongside internal accruals expected from projected profits.
- →Pre-bid arrangements with a PSU reduce need for bank guarantees, easing working capital pressure.
- →Overall, no immediate fundraising through equity; emphasis is on leveraging debt and internal accruals to meet expansion needs.
📋 Order Book & Pipeline
- →Current order book stands at INR 418 crores as of Q3 FY26.
- →Order book breakup: INR 188 crores in power T&D, INR 220 crores in solar, rest from civil and other products.
- →Majority of solar projects are rooftop with smaller gestation periods (6-10 months).
- →Electrical projects in order book have longer completion times, some up to 2 years.
- →Expected order inflow for Q4 FY26 is around INR 150-200 crores.
- →Additional big tenders in pipeline valued around INR 650 crores.
- →Orders secured through a PSU pre-bid arrangement valued at INR 840 crores (under evaluation).
- →Target to achieve INR 1,000 crores revenue by FY28 requires an order book of INR 1,000-1,200 crores.
- →Most of the current order book expected to be executed by September 2026, with some projects extending beyond.
Key Metrics
Frequently Asked Questions
What were Sugs Lloyd Ltd Q3 FY26 results?
Targeting INR1,000 crores revenue by FY '28, reflecting significant growth from around INR300 crores in FY '26. Sugs Lloyd aims to achieve INR1,000 crores revenue by FY 2028 with confidence in reaching this target.
What is Sugs Lloyd Ltd share price analysis?
Sugs Lloyd Ltd currently shows a neutral. The stock trades at a P/E of 12.0 with a market cap of ₹364 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sugs Lloyd Ltd planning capital expenditure?
There is no explicit mention of current or future capex or strategic capital investments in the excerpts.
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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.