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SG Mart

SGMART NSE
₹903.65 +17.35 (+1.96%)
P/E
91.56
View as Markdown
MCP
Close 4 Nov 2026 ₹903.65 +556.25 +160% 1Y
Start ₹347.40

Key Fundamentals

MicrocapConstructionIndustrials

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
10.20%
Debt to Equity
0.17
EPS (TTM)
₹9.87
Book Value
₹135.14
Market Cap
—
P/E (TTM)
91.56
P/B
6.69
ROE
7.92%
Dividend Yield
0.11%
EBITDA
₹206 Cr
52W High
₹913.75
52W Low
₹313.10
Day Range
₹886.70 – ₹908.85
Volume
2,97,227

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

49 Average

Data confidence 98/100

Category scores

Quality
54
Average
Returns, margins, earnings quality 22% weight
Valuation
17
Poor
Cheap vs sector & own history 24% weight
Growth
39
Weak
Sales & profit trajectory 9% weight
Financial Health
68
Strong
Solvency, leverage, coverage 9% weight
Momentum
97
Strong
Trend strength, vol-adjusted 12% weight
Ownership
53
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has reduced debt.

Weaknesses

6
  • Stock is trading at 5.94 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 7.57% over last 3 years.
  • Earnings include an other income of Rs.58.4 Cr.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -17.1%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish4213
OscillatorsBearish423
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
72.98
Bearish
MACD (12,26,9)
33.34
Bullish
SMA (50)
781.47
Bullish
SMA (200)
605.28
Bullish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+139.90%
5YIrregular period
3YIrregular period
1Y+7.84%
TTM+10.45%

Net profit

Net profit growth by window
10YZero base
5YIrregular period
3YIrregular period
1Y+7.77%
TTM+14.68%

Operating cash flow

Operating cash flow growth by window
10YZero base
5YIrregular period
3YIrregular period
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−97.83 pp
5YIrregular period
3YIrregular period
1Y+0.41 pp
TTM+0.60 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2016₹1.00 Cr
Mar 2017₹9.00 Cr
Mar 2018₹5.00 Cr
Mar 2019₹3.00 Cr
Mar 2024₹2,683 Cr
Mar 2025₹5,856 Cr
Mar 2026₹6,315 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2016₹0.00 Cr
Mar 2017₹5.00 Cr
Mar 2018₹1.00 Cr
Mar 2019₹1.00 Cr
Mar 2024₹61.00 Cr
Mar 2025₹103 Cr
Mar 2026₹111 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹273 Cr +32.8% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

SG Mart Ltd is a commodities sector company with a market cap of ₹7,633 Cr trading at a P/E of 68.3x and P/B of 4.75x. The stock has delivered a 1-year CAGR of 70% and 5-year CAGR of 133%, but underlying sales growth (TTM 8%) and profit growth (TTM 7%) are modest relative to the valuation. Return on equity stands at approximately 7.57% over 3 years, which is low for the premium the market assigns.

Bull Case 7
  • Promoter holding increased by 21.6% in the most recent quarter, signalling strong insider confidence
  • Company has reduced debt, improving balance sheet strength in a cyclical commodities business
  • Stock CAGR of 133% over 5 years reflects sustained market re-rating and momentum
  • 10-year compounded sales growth of 139% demonstrates long-term revenue scale-up from a small base
  • 10-year compounded profit growth of 96% shows the business has historically scaled earnings significantly
  • TTM sales growth of 8% and profit growth of 7% indicate continued positive top-line and bottom-line trajectory despite macro headwinds
  • Dividend yield of 0.17% exists, indicating at least some capital return to shareholders
Bear Case 8
  • P/E of 68.3x is extremely elevated for a commodities business where earnings are cyclical and volatile
  • 3-year ROE of only 7.57% is low, suggesting the company is not generating adequate returns on shareholder capital to justify a 4.75x P/B
  • Earnings quality concern: other income of ₹69.1 Cr forms a significant portion of reported profits, inflating headline numbers
  • Promoter holding has decreased by 17.1% over the last 3 years, offsetting the recent quarterly increase and raising questions about longer-term commitment
  • Stock trades at 4.75x book value, which is a steep premium for a company with sub-8% ROE
  • Company's cost of borrowing is reportedly high, which pressures margins especially in a rising rate environment
  • Despite reporting repeated profits, the company is not paying meaningful dividends (yield only 0.17%), limiting shareholder returns
  • TTM sales growth of just 8% and profit growth of 7% do not support the current 68.3x P/E multiple on a fundamental basis

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: SG Mart saw a single notable development — an intra-promoter stake reshuffling with Sanjay Gupta acquiring a 35.07% stake from Sameer Gupta. This does not alter the total promoter holding or signal any external investor activity. With no operational or financial news flow, the stock lacks near-term catalysts in either direction. Investors should watch for upcoming quarterly results or business updates for clearer directional cues.

Neutral 1
  • Promoter inter-se stake transfer Jun 16

    Sanjay Gupta acquired 4,42,00,000 shares (35.07% stake) in SG Mart via an inter-se transfer from promoter Sameer Gupta. No change in overall promoter holding, only redistribution within the promoter group.

Quarterly Results

₹ Cr
SGMART quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
151
506
748
1,278
1,134
1,793
1,335
1,595
1,144
1,704
1,644
1,823
1,309
1,562
Expenses
149
495
731
1,246
1,109
1,778
1,313
1,558
1,108
1,676
1,628
1,767
1,250
1,490
Operating Profit
2
11
17
32
25
15
22
37
36
28
17
56
59
72
OPM %
1.2%
2.2%
2.3%
2.5%
2.2%
0.8%
1.6%
2.3%
3.1%
1.6%
1%
3.1%
4.5%
4.6%
Other Income
0
1
10
21
19
20
26
20
20
19
18
12
10
9
Interest
0
0
3
8
8
13
10
14
12
12
17
10
6
7
Depreciation
0
0
0
0
0
0
0
1
2
2
4
4
4
4
PBT
2
12
23
44
36
22
37
42
43
33
14
54
58
69
Tax %
26%
25%
26%
25%
27%
26%
25%
21%
24%
20%
21%
23%
22%
22%
Net Profit
1
9
17
34
26
16
28
33
32
27
11
41
46
54
EPS (₹)
0.64
1.12
1.53
3.01
2.36
1.42
2.5
2.95
2.56
2.11
0.85
3.29
3.62
—

Sep 2026: from the results filed on 27 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
SGMART profit and loss, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2024Mar 2025Mar 2026TTM
Sales
1
9
5
3
2,683
5,856
6,315
6,480
Expenses
0
1
1
1
2,621
5,753
6,179
6,321
Operating Profit
1
8
3
2
62
103
137
160
OPM %
54%
89%
70%
56%
2.3%
1.8%
2.2%
2.5%
Other Income
0
0
0
−1
32
80
69
58
Interest
0
2
1
0
12
44
51
45
Depreciation
0
1
1
1
1
2
12
14
PBT
0
5
1
−1
81
137
143
159
Tax %
−700%
4%
31%
−225%
25%
25%
22%
—
Net Profit
0
5
1
1
61
103
111
124
EPS (₹)
0.06
2.56
0.3
0.44
5.46
9.2
8.81
9.87
Div. Payout %
38%
2%
16%
11%
0%
0%
0%
—

Balance Sheet

₹ Cr
SGMART balance sheet, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2024Mar 2025Mar 2026
Equity Capital
1
1
1
1
11
11
13
Reserves
5
10
10
11
1,076
1,197
1,584
Borrowings
18
15
11
0
182
722
268
Other Liabilities
3
4
4
0
218
368
385
Total Liabilities
27
30
26
12
1,487
2,298
2,250
Fixed Assets
25
24
23
1
39
216
385
CWIP
0
0
0
0
17
76
20
Investments
0
0
0
3
0
0
0
Other Assets
2
6
4
8
1,431
2,006
1,845
Total Assets
27
30
26
12
1,487
2,298
2,250

Cash Flow

₹ Cr
SGMART cash flow, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2024Mar 2025Mar 2026
Operating
0
5
6
1
30
−391
258
Investing
0
0
0
16
−1,104
−87
404
Financing
0
−5
−5
−12
1,186
479
−266
Net Cash Flow
0
0
0
5
111
1
396
Free Cash Flow
0
5
6
20
−75
−549
27
CFO/EBITDA
0
76
168
79
72
−345
211

Ratios

SGMART financial ratios, annual
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2024Mar 2025Mar 2026
Debtor Days
207
117
30
27
12
20
15
Inventory Days
—
—
—
—
10
16
18
Days Payable
—
—
—
—
28
21
24
Cash Conversion Cycle
207
117
30
27
−6
15
10
Working Capital Days
−1,216
41
−685
278
−20
−13
7
ROCE %
—
28%
9%
8%
—
11%
10%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view SG Mart insights

59 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 57.88%
  • Public 23.01%
  • Others 11.23%
  • FIIs 3.94%
  • DIIs 3.94%

2.06% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about SG Mart

What does SG Mart Ltd do?
SG Mart offers a wide range of products with 27+ product categories, and 2500+ SKUs. These categories include steel construction products like TMT Rebars, HR Sheet, Welding rod, Binding wire, mesh net, tapping screw and barbed wire, tiles, cement, bath fittings, laminates and paints.
Where is SG Mart Ltd (SGMART) listed?
SG Mart Ltd trades as SGMART on the NSE and under code 512329 on the BSE.
Which sector does SG Mart Ltd belong to?
SG Mart Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the PE ratio of SG Mart Ltd?
SG Mart Ltd trades at a PE ratio of 91.56 as of 4 Nov 2026, on earnings per share of ₹9.87, against a book value of ₹135.14 per share.
What is the 52-week high and low of SG Mart Ltd?
Over the last 52 weeks SG Mart Ltd has traded between ₹313.1 and ₹913.75 as of 4 Nov 2026.
Does SG Mart Ltd pay dividends?
SG Mart Ltd has a dividend yield of 0.11%.
What is the Return on Equity (ROE) of SG Mart Ltd?
SG Mart Ltd reported a return on equity of 7.92%. Its debt-to-equity ratio is 0.17.

Company Information

SG Mart offers a wide range of products with 27+ product categories, and 2500+ SKUs. These categories include steel construction products like TMT Rebars, HR Sheet, Welding rod, Binding wire, mesh net, tapping screw and barbed wire, tiles, cement, bath fittings, laminates and paints.

Website sgmart.co.in
Listed 12 Sep 2025
Face Value ₹1

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