In Week of Mar 28, 2026, SG Mart Ltd (Trading) is outperforming Nifty 500 with +45.2% relative strength. Fundamentals: Very Weak. On a 7-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: 4 operational centers now with plans for 15 more, driving EBITDA spread to ₹2,000/ton in Q4
Impact: +₹20 Cr revenue
“Service Centre business, with 4 operational centers and plans for 15 more by FY28, reported Q3 volume of 163,000 tons and expects improved EBITDA spreads of ₹2,000 per ton in Q4 FY26.”
What: 30% volume increase with ₹4,000/ton EBITDA spread driving margin expansion
Impact: +₹32 Cr revenue
“The Renewable Structures business achieved 17,000 tons in Q3 and targets 25,000 tons in Q4 with an EBITDA spread of ₹4,000 per ton.”
What: 10,000 tons projected in Q4 with ₹6,000-7,000/ton EBITDA margins
Impact: +₹6.5 Cr revenue
“The new open sections business is projected to contribute 10,000 tons in Q4 with EBITDA margins of ₹6,000-7,000 per ton.”
Earnings deceleration risks from management commentary
Trigger: Continued steel price decline
Management view: The reported EBITDA for Q3 FY26 was ₹17 crore, but the underlying business EBITDA was ₹40 crore, with an inventory loss of approximately ₹20 crore due to steel price corrections.
Monitor: Steel price trends vs inventory valuation
Trigger: Continued demand softness
Management view: We are assuming flattish sales volume. We are not factoring in any increase in the sales volume sequentially because the demand environment was weak in quarter three.
Monitor: Quarterly sales volume trends
Key quotes from recent conference calls
“So it is important to understand that how we are at 40 crore of quarterly EBITDA at business level and how we are going to take this to 60 crore rupees in quarter four and eventually to 8085 crore quarterly run rate in FY27. — Anubhav Gupta”
“Service Centre business, with 4 operational centers and plans for 15 more by FY28, reported Q3 volume of 163,000 tons and expects improved EBITDA spreads of ₹2,000 per ton in Q4 FY26. — Company Statement”
“We will close FY26 with approximately ₹140 crore in full-year EBITDA, a 40% increase from FY25. — Company Statement”
“The management expressed confidence in achieving these targets, emphasizing a focus on business growth and margin improvement, with a long-term guidance of 50% earnings CAGR. — Company Statement”
Forward-looking targets from management for FY27
Implied PAT Growth
50%
Key Milestones
• ₹60 crore EBITDA in Q4 FY26
• ₹80-85 crore quarterly EBITDA run rate by FY27
• ₹350+ crore EBITDA in FY27
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +23% | +80% | Stable |
| PAT (Net Profit) | -61% | +80% | Stable |
| OPM | 1.0% | -100 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
SG Mart Ltd's latest quarterly results (Dec 2025) show
SG Mart Ltd's profit is declining with an stable trend.
SG Mart Ltd's revenue growth trend is stable.
SG Mart Ltd's operating margin is stable.
SG Mart Ltd's long-term compounding rates
SG Mart Ltd's earnings growth is stable with negative momentum on a sequential basis.
SG Mart Ltd's trailing twelve month (TTM) performance
SG Mart Ltd appears significantly overvalued based on our fair value analysis.
SG Mart Ltd's current PE ratio is 61.2x.
SG Mart Ltd's current PE is 61.2x.
SG Mart Ltd's price-to-book ratio is 4.1x.
SG Mart Ltd is rated Very Weak with a fundamental score of 16.77/100. This score is calculated from objective financial metrics
SG Mart Ltd has a debt-to-equity ratio of N/A.
SG Mart Ltd's return ratios over recent years
SG Mart Ltd's operating cash flow is negative (FY2025).
SG Mart Ltd currently does not pay a significant dividend (yield 0.00%).
SG Mart Ltd's shareholding pattern (Dec 2025)
SG Mart Ltd's promoter holding has remained stable recently.
SG Mart Ltd has been outperforming Nifty 500 for 7 consecutive weeks, indicating building momentum.
SG Mart Ltd is an established outperformer with 7 weeks of consecutive Nifty 500 outperformance.
SG Mart Ltd has 3 key growth catalysts identified from recent earnings analysis
SG Mart Ltd has 2 key risks worth monitoring
In Q3 FY26, SG Mart Ltd's management highlighted
SG Mart Ltd's management has provided the following forward guidance for FY27
Based on quantitative research signals, here is why SG Mart Ltd may be worth studying
SG Mart Ltd investment thesis summary:
SG Mart Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
