SGMART · Q1 FY27 · earnings call
SGMART
SG Mart reported strong Q1FY27 results with revenue up 14% YoY to Rs13.1Bn, EBITDA up 64% YoY to Rs588Mn, and PAT up 41% YoY to Rs456Mn. The company attributes growth to strategic execution across its diversified product portfolio and sustained demand from infrastructure and industrial end-markets. Management remains confident in their growth trajectory, focusing on operational excellence and efficient capital allocation.




Key financials
| Revenue | ₹1,309 crore | Q1FY27 |
| EBITDA | ₹58.8 crore | Q1FY27 |
| PAT | ₹45.6 crore | Q1FY27 |
Segment commentary
B2B Metal Trading
Revenue increased to Rs978Mn with volume up 17k Tons YoY.
Service Centres (merged)
Revenue decreased QoQ from Rs10,440Mn to Rs10,440Mn.
Guidance & outlook
- Confident in growth trajectory with focus on disciplined execution and operational excellence.
- Expecting 50% CAGR over the next three years.
Notable quotes
“Our expanding presence across high-growth product categories and strengthened customer relationships position us well to capitalize on these opportunities while enhancing profitability through a richer product mix and prudent cost management.”— Amit Thakur
Key takeaways
- Strong financial performance in Q1FY27 driven by revenue and EBITDA growth.
- Focus on value-added products and operational efficiency key to maintaining momentum.
- Management's confidence in achieving a 50% CAGR over the next three years suggests strong growth outlook.
- Risks include global geopolitical factors and input cost volatility, which could impact future performance.
Risks flagged
- Global geopolitical developments impacting the operating environment.
- Input cost volatility affecting margins.
Educational analysis only. Not investment advice. Consult a
SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/SGMART_20072026144417_Investor_Presentation_and_press_release_20_07_2026.pdf
Full transcript (2,534 words)
July 20, 2026
To,
The Listing Department Department of Corporate Services/Listing
National Stock Exchange of India Limited BSE Limited
Phiroze Jeejeebhoy Tower,
“Exchange Plaza” Bandra-Kurla Complex,
Dalal Street, Fort,
Bandra (E), Mumbai-400051
Mumbai-400001
NSE Symbol : SGMART Scrip Code: 512329
Dear Sir/Madam,
Sub: Earnings presentation and Press Release on Unaudited Financial Results for the
quarter ended June 30, 2026
In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with Schedule III to the said regulations, please find attached Earnings
Presentation and Press Release respectively made by the Company on Unaudited Financial
Results of the Company for the quarter ended June 30, 2026.
This disclosure along with the enclosures shall be made available on the website of the Company
viz. www.sgmart.co.in
Thanking you
Yours faithfully
For SG Mart Limited
Sachin Kumar
Company Secretary & Compliance Officer
M. No. F13972
Place: Noida
Encl: a/a
SG MART LIMITED
(formerly known as Kintech Renewables Limited)
Registered Office: H. No. 37, Ground Floor, Hargovind Enclave, Vikas Marg, Delhi-110092
Corporate Office: A-127, Sector-136, Noida, Gautam Buddha Nagar, Uttar Pradesh-201305
Tel: 011-44457164 | Email: compliance@sgmart.co.in
Website: www. sgmart.co.in | CIN: L46102DL1985PLC426661
Q1FY27 Result Highlights
Noida, July 20, 2026 – SG Mart today announced its financial and operational
performance for quarter ending June 30, 2026.
Q1FY27 Financial performance highlights
➢ Revenue increased by 14% YoY to Rs13.1Bn
➢ EBITDA increased by 64% YoY to Rs588Mn
➢ PAT increased by 41% YoY to Rs456Mn
Mr. Amit Thakur, Executive Director, SG Mart, comments on Q1FY27 results
“SG Mart delivered a strong performance in Q1FY27, supported by continued
execution across its diversified product portfolio and sustained demand from
infrastructure and industrial end-markets. While the operating environment remained
influenced by global geopolitical developments and input cost volatility, our strategic
focus on value-added products, disciplined sourcing, and operational efficiencies
enabled us to maintain a healthy business momentum.
Our expanding presence across high-growth product categories and strengthened
customer relationships position us well to capitalize on these opportunities while
enhancing profitability through a richer product mix and prudent cost management.
Looking ahead, we remain confident in our growth trajectory and will continue to
focus on disciplined execution, operational excellence, and efficient capital
allocation. Our diversified business model, combined with an increasing share of
value-added offerings, provides a strong foundation for delivering sustainable growth
and creating long-term value for all stakeholders.”
The key financial metrics for Q1FY27 are given below:
Particulars (in Rs Mn) Q1FY27 Q4FY26 Q1FY26 FY26 FY25
Revenue 13,086 18,228 11,438 63,153 58,562
Business EBITDA 588 561 359 1,367 1,031
Other income 97 117 204 691 802
Total EBITDA 685 677 563 2,058 1,833
PAT 456 415 323 1,111 1,034
About SG Mart Limited
SG MART is an integrated building & infrastructure materials platform premier (one-stop shop) that provides a wide range of
construction-related solutions from top brands under one roof. Its extensive network, with strategically positioned 7 locations at Pune,
Bangalore, Dujana, Raipur, Dubai, Indore and Ahmedabad ensure seamless accessibility and efficient distribution of remarkable
products to its valued customers. With timely delivery to keep its customer projects on track, expert industry knowledge, and a superior
product lineup, the company brings top-notch quality and value to the infrastructure market. All in all, SG Mart aims to establish itself
as the trusted and preferred platform for all infrastructural and building material needs in India.
SG Mart’s customer base spans top tier EPC companies, real estate developers, OEMs, Independent Power Producers, traders, dealers
and retailers. With successful deliveries to multiple cities spread across India, the Company has established a robust distribution network,
facilitating seamless operations, and ensuring pan-India reach. The company is proud to be associated with more than 2,505
customers.
For more information about us, please visit www.sgmart.co.in or contact:
Suraj Kumar - Chief Financial Officer
SG Mart Ltd Tel: +91 120 691 8000
Email: skumar@sgmart.co.in
SG Mart 5 Pillars
– India’s Integrated Building & Infrastructure Materials Platform
Manufacturing
Scalable, efficient and quality-led manufacturing across key categories
Brand
Partnering with trusted brands to ensure consistent quality and reliability.
Service Centers
Strategically located centers for warehousing and value-added processing.
Distribution
Extensive distribution network ensuring wide reach and timely delivery.
Online Marketplace
One-stop digital marketplace for sourcing building and infrastructure materials.
India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 2
Business Verticals & Products
Today Vision 2030
Operational 20+
7
Service Centers
5+ 20+
Target
Industries
2,500+ 15,000+
Registered
Customers
India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 3
Network of Warehouses & Processing Service Center
Jammu
Dubai
Key Highlights
450 km
Mandi
423 km
No. of customers 2,500+
730 km Noida served
Guwahati Renewables, Infrastructure,
Jaipur Patna
780 km
Kanpur Target Customer Industrials, Residential &
Ahmedabad Ranchi Industry Commercial Construction
Indore m Kolkata
k
Rajkot 0 8 - 10 acre
Raipur 1 Avg. area of service
540 km 5 440 km
660 km Bhubaneshwar Center & Mfg Centre
Pune 587 km Number of operational service Centers – 7
Visakhapatnam
342 km Hyderabad
Belgaum
506 km Target to establish 16 Service Centers across India
Bangalore
Chennai by 2028
347 km
508 km
Coimbatore
Manufacturing Centers -3
Land Acquired –3
Land to be acquired -13
Service Centers -7
India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 4
Product Categories
Service Centers Solar Structures
• Metal Plates • Solar Module Mounting
Structures
• Embossed Sheets
Steel Profiles Accessories
• Strut Channels • Self Drilling Screws
• Earthing Strips
• Z/C Purlins
• Welding Rod
• Racking Profiles
• Clamps
• Cable Trays UPCOMING
• Puff Panels
• Door Frames UPCOMING
5
India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026
Product Application Mapping
PRODUCT CATEGORIES
PRODUCT CATEGORY RENEWABLES INFRASTRUCTURE INDUSTRIES HOUSING COMMERCIAL
CONSTRUCTION CONSTRUCTION
Service Centers
Solar Structures
Steel Profiles
Accessories
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Launched Products
Product Application Market Opportunity
Market Size Volume
1
INR 2,500 Cr 0.4 MTPA
Strut Channels Residential Roof Top Installation
Market Size Volume
2
INR 3,300 Cr 0.5 MTPA
Solar Module Mounting Structures
Utility Solar Parks
Market Size Volume
3
INR 2,800 Cr 0.4 MTPA.
Z/C Purlin
Roof Structural Framing
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Launched Products
Product Application Market Opportunity
Market Size Volume
4
INR 1,750 Cr 0.25 MTPA
Racking Profiles
Racks
Market Size Volume
5
INR 2,100 Cr 0.3 MTPA
Self Drilling Screws Roofing
Market Size Volume
6
INR 3,500 Cr 0.5 MTPA
Cable Trays
Manage Building Wiring
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Launched Products
Product Application Market Opportunity
Market Size Volume
7 INR 420 Cr 0.06 MTPA
Earthing Strips Electrical Substations
Market Size Volume
8
INR 14,000 Cr 2 MTPA
Embossed Sheets Industrial Walkaways
9 Market Size Volume
INR 35,000 Cr 5 MTPA
Metal Plates Fabrication
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Launched Products
Product Application Market Opportunity
Market Size Volume
10
INR 4,200 Cr 0.11 MTPA
Welding Rods Welding
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Upcoming Products
Product Application Market Opportunity
Market Size Volume
1
INR 200 Cr 0.01 MTPA.
Clamps Solar Panel Frame Mounting
Market Size Volume
2
INR 4,800 Cr 0.5 MTPA
Metal Flooring
Decking Sheets
Market Size Volume
3
INR 950 Cr 0.075 MTPA.
Wire Mesh Concrete Slab Reinforcement
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Upcoming Products
Product Application Market Opportunity
Market Size Volume
4 INR 3,400 Cr 0.5 MTPA.
Binding Wires
Bundling Application
Market Size Volume
5
INR 2,860 Cr 0.3 MTPA
Puff Panels Roofing and Wall Cladding
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Board of Directors
Rohan Gupta Amit Thakur CK Singh Arun Agarwal
Director Director Director Director
Sanjay Gupta
Chairman & Managing Director
PK Singh Dukhabandhu Rath Neeru Abrol Anil Kumar Bansal Shruti Shrivastava
IndependentDirector Independent Director Independent Director Independent Director Independent Director
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Our Leadership
Mr. Amit Thakur Mr. Suraj Kumar Mr. Archit Arora Ms. Anamika Gulati
Director - Procurement Chief Financial Officer VP - Sales & Marketing Senior GM - Sales & Marketing
Leader - Service Centre & Leader – Solar Structures
Distribution Business
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Yealy Financial Performance - Segment Wise
Financial Year FY24 FY25 FY26
Revenue Volume Revenue Volume Revenue Volume
Business Vertical
(Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k Tons)
B2B Metal Trading 17,550 322 32,107 632
19,560 411
Network of Service centres1 Yet to start 20,016 386
32,144 637
Service Centres (merged) 17,550 322 52,123 1,018
51,704 1,048
Solar Structures Yet to start
3,065 40
Steel Profiles Yet to start
455 7
Others 9,279 - 6,439 -
7,930 -
Total 26,829 322 58,562 1,018 1,095
63,153
Total EBITDA (Rs. Mn) 618 1,031 1,367
EBITDA margin 2.3% 1.8% 2.2%
Business Growth visibility – 50% CAGR in next 3 years
1Number of operational service centers –7
The company has taken two service centres, located in Ahmedabad and Indore, on lease. These operations will subsequently be shifted to company-owned facilities upon their establishment
Note 1: From the next quarter onwards, B2B Metal Trading and Network of Service Centres will be reported under a single Service Centres (merged) segment.
Note 2: Renewables has been renamed as Solar Structures and Light Open Sections has been renamed as Steel Profiles
India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 15
Quarterly Financial Performance - Segment Wise
Financial Year Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27
Revenue Volume Revenue Volume Revenue Volume Revenue Volume Revenue Volume Revenue Volume
Business Vertical
(Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k Tons)
B2B Metal Trading 8,212 154 3,274 70 5,434 111 5,466 126 5,386 103 978 17
Network of Service centres1 6,309 128 6,119 121 8,157 163 7,797 164 10,071 189 9,462 160
Service Centres (merged) 14,521 282 9,393 191 13,591 274 13,263 290 15,457 292 10,440 177
Solar Structures Yet to start 67 1 611 8 1,370 17 1,016 14 823 11
Steel Profiles 455 7 1,414 18
Others 1,429 - 1,978 - 2,840 - 1,811 - 1,300 - 409 8
Total 15,950 282 11,438 192 17,042 282 16,444 307 18,228 313 13,086 214
Total EBITDA (Rs. Mn) 388 359 280 167 561 588
EBITDA margin 2.4% 3.1% 1.6% 1.0% 3.1% 4.5%
1Number of operational service centers –7
The company has taken two service centres, located in Ahmedabad and Indore, on lease. These operations will subsequently be shifted to company-owned facilities upon their establishment
Note 1: From the next quarter onwards, B2B Metal Trading and Network of Service Centreswill be reported under a single Service Centres(merged) segment.
Note 2: Renewables has been renamed as Solar Structures and Light Open Sections has been renamed as Steel Profiles
India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 16
At a Glance – Q1FY27
Rs.13.1Bn Rs.588 Mn 4.5% Rs.456 Mn 3.5% Rs.496 Mn
Revenue Business EBITDA Business EBITDA Margin Net Profit Net Profit Margin Cash profit
14%YoYincrease 64%YoYincrease 135 bpsYoYincrease 41%YoYincrease 66 bps YoY increase 46% YoYincrease
28% QoQ decrease 5% QoQ increase 141 bpsQoQincrease 10% QoQ increase 121 bps QoQ increase 10% QoQ increase
27 days 23% 11% Rs. 6.9Bn 2,505
*Net WC days *ROCE *ROE Net cash as on 30 June’26 Registered Customers
FY26 was 20 days FY26 was 15% FY26 was 8% by end of Q1FY27
Note 1:Other income has not been considered for the purpose of EBIT calculation
Note 2: CapitalemployedisaverageofTotalassetsminuscurrentliabilityminussurpluscash,asattheendofFY26andQ1FY27
Note 3: Net Working Capital has been calculated as Total Current Assets - Total Current Liabilities
Note 4: Net working capital days, ROCE and ROE has been annualized for FY27 on the basis of Q1FY27
India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 17
Growing strength-to-strength
Revenue (INR Mn) EBITDA (INR Mn)
18,228
17,042 588
16,444 561
13,086
11,438
359
280
167
Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27
PAT (INR Mn) No of registered customers
456
415 2,505
2,470
323
265
2,340
2,328
2,312
107
Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27
Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27
Previous quarters
Q1FY27
India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 16
Growing strength-to-strength
(Continued)
Operating Cash Flow (INR Bn) Net cash (INR Bn)
3.0 7.5
6.9
0.3 4.6
(2.9)
FY25 FY26 Q1FY27 FY25 FY26 Q1FY27
NWC Days
ROCE (%)
23
22 30
27
15 20
FY25 FY26 Q1FY27 FY25 FY26 Q1FY27
FY25& FY26
Q1FY27
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Profit & Loss Statement
Particulars (Rs. Mn)% Q1FY27 Q4FY26 Q3FY26 Q2FY26 Q1FY26 FY26 FY25
Net Revenue 13,086 18,228 16,444 17,042 11,438 63,153 58,562
Raw Material Costs 12,205 17,379 16,062 16,533 10,887 60,861 56,835
Employee Costs 83 79 84 81 67 312 175
Other expenses 210 209 131 148 124 612 520
Business EBITDA 588 561 167 280 359 1,367 1,031
Business EBITDA Margin % 4.49% 3.10% 1.00% 1.60% 3.10% 2.20% 1.80%
Other Income 97 117 179 190 204 691 802
Interest Cost 62 102 174 115 120 511 439
Depreciation 41 37 37 23 17 115 21
Tax 126 124 28 66 103 321 339
Net Profit 456 415 107 265 323 1,111 1,034
Net Profit Margin % 3.48% 2.30% 0.70% 1.60% 2.80% 1.80% 1.80%
Operational metrics Q1FY27 Q4FY26 Q3FY26 Q2FY26 Q1FY26 FY26 FY25
*NWC (days) 27 20 27 22 15 20 30
*ROCE 23% 15% 12% 16% 21% 15% 22%
*ROE 11% 8% 7% 9% 10% 8% 9%
Note1: Net working capital days, ROCE and ROE has been annualized for FY27 on the basis ofQ1FY27
Note 2: OtherincomehasnotbeenconsideredforthepurposeofEBITcalculation
Note 3: CapitalemployedisaverageofTotalassetsminuscurrentliabilityminussurpluscash,asattheendofFY26andQ1FY27
Note 4: NWChasbeencalculatedasTotalCurrentAssets-TotalCurrentLiabilities
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Balance Sheet & Cash flow for Q1FY27 (Provisional)
Balance Sheet - Assets (Rs. Mn) Q1FY27 FY26 Cashflow Statement (Rs. Mn) Q1FY27 FY26
Cash & Bank Balance 7,948 9,841 EBITDA 588 1,367
Receivables 1,864 2,646 Change in Accounts receivables 782 522
Inventories 2,090 2,836 Change in Inventory 746 (301)
Other current assets 2,111 1,887 Other WC changes (1,784) 1,038
Fixed assets (net) 6,130 5,274 Tax (126) (321)
Other assets 21 11 Other Income 97 691
Total Assets 20,166 22,496 Operating cash flow 302 2,995
Capex (896) (2,342)
Investments - -
Interest (62) (511)
Balance Sheet - Liabilities (Rs. Mn) Q1FY27 FY26 Free cash flow (657) 142
Trade payables 1,643 3,650 Dividend payments - -
Other current liabilities 621 174 Capital increase 10 2,773
Debt 1,075 2,314 Others (6) 55
Others 396 393 Net change in cash flow (653) 2,970
Shareholders' funds 16,431 15,965 Net cash beginning 7,527 4,558
Total Equity & Liabilities 20,166 22,496 Net cash end 6,874 7,527
CapitaladvancesclassifiedasOtherAssetsinBalancesheetandconsideredasCapexinCashFlowStatement
India’sIntegrated Building & Infrastructure Materials Platform Investorpresentation | July 2026 21
Cash Flow Bridge (Rs. Mn)
302
7,527
10 6,874
(896) (68)
Net Cash in FY26 Operating Cash Flow Capex Increase in Capital Others Net Cash in Q1FY27
India’sIntegrated Building & Infrastructure Materials Platform Investorpresentation | July 2026 22
THANK YOU
For further information, please contact:
Suraj Kumar - Chief FinancialOfficer
T:0120-6918000
E: skumar@sgmart.co.in