Synergy Green Industries Ltd Q3 FY26 Earnings Analysis
Published 8 Jul 2026 | Industrial Products | Market Cap: ₹936 Cr
Price
₹539
Market Cap
₹936 Cr
P/E Ratio
187.9
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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 →Earnings Summary
Synergy Green Industries Ltd expects around 5% revenue growth in FY26 over the previous year despite recent challenges. Revenue growth for FY26 expected at around 5% over the previous year, with an executable order book above ₹500 crores and projections up to ₹650-700 crores depending on customer take-off.
📊 Revenue & Sales Performance
- →Synergy Green Industries Ltd expects around 5% revenue growth in FY26 over the previous year despite recent challenges.
- →Executable order book for the current year is approximately 380 crores, with projections exceeding 500 crores for next year and potentially up to 650-700 crores, subject to customer order take-off.
- →New product developments (Nordex 5MW, Senvion 4MW, Envision, Adani platforms) are expected to drive volume growth.
- →Expansion includes ramping up capacity to 45,000 metric tonnes, expected to be utilized at ~90% capacity by next year (FY27).
- →Serial supplies and product ramp-up for customers like Adani and Envision anticipated to generate incremental revenues of 60-80 crores and meaningful volumes starting next fiscal year.
- →Export markets, especially the US, present growth opportunities due to trade tariff reductions and improved logistics.
- →Delays due to plant relocation and commercialization have caused temporary setbacks but are expected to resolve, enabling improved volume and sales growth going forward.
📈 Profitability & Margins
- →Revenue growth for FY26 expected at around 5% over the previous year, with an executable order book above ₹500 crores and projections up to ₹650-700 crores depending on customer take-off.
- →Margin improvement anticipated through solar power savings and in-house machining; full margin benefits expected post-machinery commissioning by March-April FY27.
- →Target gross margins around 16%+ for the next financial year, with prospects of reaching 18-20% margins in the second half of FY27.
- →Margin expansion primarily driven by logistics cost savings (about 3%) and machining efficiencies.
- →Temporary margin pressure due to expansion-related startup costs and commodity price volatility is expected to ease.
- →Serial supplies and increased volume from new OEMs (Envision, Adani, Nordex) expected to contribute significantly from FY27 onwards.
- →EPS growth expected to improve as capacity utilization stabilizes and new orders are executed effectively.
🏗️ Capital Expenditure Plans
- →Ongoing foundry expansion with equipment commissioning in the final stage, expected to complete in the current quarter.
- →Captive renewable power plant (solar) installation of 10 MW completed and operational since October 2025.
- →In-house machining setup underway; first phase of machining machines operational, phase 2 expected to commission in Q1 FY27.
- →Significant Capex plan in FY26, doubling previous years, about 200 crores invested compared to 200 crores over last 15 years.
- →Machining capacity expansion underway with recruitment of around 250 people for the new plant.
- →Product development activities continue, including Nordex 5MW components and Envision serial supply planned for FY27.
- →Expected ramp-up of additional 15,000 tonnes machining capacity likely to fully utilize by next year.
- →Focus on passing logistic cost savings to customers as new plants become fully operational, improving margins.
💰 Fundraising & Capital Structure
- →No explicit mention of any current or planned new fundraising through debt or equity in the transcript.
- →The company is currently in a project phase with increased finance costs due to ongoing capex.
- →Management indicated a conservative approach to leverage, currently at around 1:2 debt to equity ratio.
- →There is a plan to repay term loans early if projected margins and revenues improve next year.
- →No specific refinancing or new debt raising plan mentioned for the next 12 months.
- →The focus appears to be on utilizing existing resources, improving margins, and reducing debt gradually rather than raising fresh funds.
📋 Order Book & Pipeline
- →Current executable order book stands well above ₹500 crores for the current year.
- →Projections indicate the order book could exceed ₹650-700 crores, subject to customer take-offs and execution.
- →Order book includes sizable orders from new OEMs such as Nordex, Senvion, Envision, and Adani.
- →New order expected from L&T and BHEL for conventional power installations, potentially adding ₹20-25 crores annually after development (~6 months).
- →For upcoming years, the order book is expected to support 10 years of business based on current schedules.
- →The company is cautious about forecasting exact order take-offs due to customer commercialization and execution uncertainties.
Key Metrics
Frequently Asked Questions
What were Synergy Green Industries Ltd Q3 FY26 results?
Synergy Green Industries Ltd expects around 5% revenue growth in FY26 over the previous year despite recent challenges. Revenue growth for FY26 expected at around 5% over the previous year, with an executable order book above ₹500 crores and projections up to ₹650-700 crores depending on customer take-off.
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 foundry expansion with equipment commissioning in the final stage, expected to complete in the current quarter.
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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.