SG Mart
SG Mart
CommoditiesKey Fundamentals
MicrocapCivil ConstructionConstructionTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has reduced debt.
- Promoter holding has increased by 21.6% over last quarter.
Weaknesses
6- Stock is trading at 5.93 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%
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 69d agoSG 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.
- 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
- 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
anthropic claude-opus-4.6 69d ago- 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.
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.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
| Expenses | 149 | 495 | 731 | 1,246 | 1,109 | 1,778 | 1,313 | 1,558 | 1,108 | 1,676 | 1,628 | 1,767 | 1,250 |
| Operating Profit | 2 | 11 | 17 | 32 | 25 | 15 | 22 | 37 | 36 | 28 | 17 | 56 | 59 |
| 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% |
| Other Income | 0 | 1 | 10 | 21 | 19 | 20 | 26 | 20 | 20 | 19 | 18 | 12 | 10 |
| Interest | 0 | 0 | 3 | 8 | 8 | 13 | 10 | 14 | 12 | 12 | 17 | 10 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 4 | 4 | 4 |
| PBT | 2 | 12 | 23 | 44 | 36 | 22 | 37 | 42 | 43 | 33 | 14 | 54 | 58 |
| Tax % | 26% | 25% | 26% | 25% | 27% | 26% | 25% | 21% | 24% | 20% | 21% | 23% | 22% |
| Net Profit | 1 | 9 | 17 | 34 | 26 | 16 | 28 | 33 | 32 | 27 | 11 | 41 | 46 |
| EPS in Rs | 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 |
Profit & Loss
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| 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 in Rs | 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
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Mar 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/OP | 0 | 76 | 168 | 79 | 72 | -345 | 211 |
Ratios
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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58 extracted metrics + investor summaries across FY09–FY27.
Documents
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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. [1]
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