Synergy Green Industries Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 19 Jul 2026 | Industrial Products | Market Cap: ₹936 Cr
Synergy Green Industries aims for 20%+ growth in sales/revenue (Page 11). Targeting capacity expansion from 30,000 to 45,000 tons with 85-90% utilization expected by Q4 FY26, supporting revenue growth.
From Synergy Green Industries Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹564
Market Cap
₹936 Cr
P/E Ratio
187.9
How does Synergy Green Industries Ltd rank in Industrial Products?
Compare Synergy Green Industries Ltd against every Industrial Products company this quarter on revenue, margins and earnings-call signals.
Synergy Green Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹119 Cr, net profit ₹0 Cr.
Full financials →📊 Revenue & Sales Performance
- →Synergy Green Industries aims for 20%+ growth in sales/revenue (Page 11).
- →Capacity expansion planned from 30,000 tons to 45,000 tons soon, with the target to reach 85-90% utilization by Q4 FY26 (Pages 20, 22).
- →The company is preparing for a second phase of capacity increase to 100,000-120,000 tons progressively over FY26-27, involving a Capex of ₹400-500 crores (Page 11).
- →Confident of demand supporting 60,000 tons even now, with ability to pull business from diverse segments (Page 10).
- →Growth partly driven by diversification into non-wind sectors aiming for a 50:50 revenue mix with wind in the future (Page 10).
- →Integration of renewables (solar) to support capacity and cost efficiency (Page 9, 11).
- →New capacity ramp-up may affect margins minimally in short term but expected to contribute positively soon after (Page 20).
📈 Profitability & Margins
- →Targeting capacity expansion from 30,000 to 45,000 tons with 85-90% utilization expected by Q4 FY26, supporting revenue growth.
- →Aiming for 20%+ growth in revenue and 18%+ EBITDA margins through blended wind and non-wind segments.
- →Planned capex of ₹187-200 crores ongoing, with a subsequent phase targeting 100,000–120,000 tons capacity, entailing ₹400-500 crore investment spread progressively.
- →Profitability supported by strategic cost savings including renewables (solar & wind) with payback periods of ~3-4 years.
- →Operating margins expected to improve due to better value addition in machining and non-wind segments, which carry relatively higher margins than wind.
- →Anticipated minor margin pressure during ramp-up phase (Q3-Q4 FY26) due to initial expenses of new capacity.
- →Debt-to-equity maintained below 1.5 to ensure sustainable growth without excessive leverage.
- →Overall, steady EBITDA margin around 20-25% anticipated at maturity.
🏗️ Capital Expenditure Plans
- →Ongoing Capex of ₹187-200 crores to increase capacity from 30,000 to 45,000 tons, including 20,000 tons machining and 10 MW solar; majority (80-90%) already ordered.
- →Additional ₹20-25 crores planned for further solar/renewables investment.
- →Plans to add another 4 MW wind capacity to complement solar for round-the-clock captive power.
- →FY26-27 Capex target: Progressive investment towards expanding capacity from 45,000 to 100,000-120,000 tons, estimated ₹300-400 crores initially, potentially topping up with another ₹150 crores later.
- →Funding strategy: Combination of internal accruals, borrowing with debt-equity ratio maintained below 1.5 (preferably close to 1), and potential equity infusion post achieving committed utilization and margin targets.
- →Maharashtra State Government incentive of ₹35-40 crores spread over 10 years for new facility Capex.
- →Capex payments partially pending accounting recognition as of Q1 FY26.
💰 Fundraising & Capital Structure
- →The company plans future fundraising through a combination of internal accruals, equity infusion, and borrowing to fund upcoming Capex.
- →Equity infusion is planned at an appropriate time but only after fully utilizing the current capacity expansion from 30,000 to 45,000 tons and achieving target margins.
- →The management aims to keep the debt-to-equity ratio preferably closer to 1 and not exceed 1.5.
- →Current Capex commitments are mostly ordered, with payments ongoing.
- →The company is cautious about not stressing the balance sheet by raising excessive debt.
- →Next major Capex cycle (second phase to increase capacity to 100,000-120,000 tons) may require ₹300-500 crore, to be done progressively.
- →Additional equity infusion is part of the funding strategy but will be timed after seeing performance for 2 good quarters post current Capex completion.
📋 Order Book & Pipeline
- →Current demand for capacity is strong, with existing orders built up beyond 40,000 tons.
- →Company is expanding capacity from 30,000 to 45,000 tons, confident of selling up to 60,000 tons.
- →No risk of market search after capacity build-up, as demand is already secured.
- →Orderbook aligned with capacity expansions, with schedules targeting Q3 and Q4 completions.
- →Delay of almost 2 months in project completion, but no impact on order fulfillment or outcome.
- →Large portion of Capex (187 crores) is already ordered, reflecting secured demand pipeline.
- →Company works with multiple OEMs and customers, maintaining diversity and mitigating volatility.
Key Metrics
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What Synergy Green's management said in earlier quarters
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Frequently Asked Questions
What were Synergy Green Industries Ltd Q1 FY26 results?
Synergy Green Industries aims for 20%+ growth in sales/revenue (Page 11). Targeting capacity expansion from 30,000 to 45,000 tons with 85-90% utilization expected by Q4 FY26, supporting revenue growth.
What is Synergy Green Industries Ltd share price analysis?
Synergy Green Industries Ltd currently shows a neutral. The stock trades at a P/E of 187.9 with a market cap of ₹936 Cr. Investors should review the full earnings analysis for detailed insights.
Is Synergy Green Industries Ltd planning capital expenditure?
Ongoing Capex of ₹187-200 crores to increase capacity from 30,000 to 45,000 tons, including 20,000 tons machining and 10 MW solar; majority (80-90%) already ordered.
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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.