Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Sathlokhar Synergys E&C Global Ltd

SSEGL
Construction - Civil/Turnkey

Sathlokhar Synergys E&C Global Ltd's earnings have outrun its stock. EPS grew +124.0% in a year against a −10.6% price move.

The sharpest disagreement: profits are rising, but only −174% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a downtrend (33 weeks in) while the P/E sits at the 47th percentile of its own 2-year range. Underneath, the last four quarters read improving — profit +133.3% year on year, and −174% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Price
₹428
−10.6% 1Y
P/E
10.8×
47th pctile
of its own 2-year range
Revenue (Jun 26)
₹205 Cr
+66.7% YoY
Profit (Jun 26)
₹21.0 Cr
+133.3% YoY
Operating margin
15.0%
+4.0 pp YoY
ROCE
36%
FY26
ROIC
33.2%
vs WACC 12.0% → +21.2 pp
Cash conversion
−174%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified. PEG is the exception: the quarterly curve is not drawn at all. PEG asks what is being paid for growth — both sides of that division come from the source that could not be checked, so it is withheld instead of marked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Sathlokhar Synergys E&C Global Ltd trades at ₹428, in a downtrend and 33 weeks into that stage. That is +13.1% against its own 200-day average. It sits at 49% of a 52-week range of ₹305 to ₹558. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 4 straight weeks.

Today the stock is in a downtrend — week 33 of stage 4, confirmed. At ₹428 it trades +13.1% versus its 200-day average and sits at 49% of its 52-week range (₹305–₹558).

Sep 26: ₹428 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 2-year window.
+13.1% versus the 200-day line, week 33 of stage 4
Price50-day avg200-day avg
S2S2S4₹628₹526₹423₹321₹219₹428₹379Aug 24Feb 25Sep 25Mar 26Sep 26
S2S2S4₹628₹526₹423₹321₹219₹428₹379Aug 24Sep 25Sep 26
Beating or trailing, week by week since 2024 Each cell is one week from 2024 to now (113 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Aug 24Sep 26

Against the market, two honest reads. Cumulative: over the last 2.1 years the stock moved +66% while the NIFTY 500 moved +1% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 4 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Sathlokhar Synergys E&C Global Ltd trades at 10.8× P/E, mid-range by its own standards (47th percentile). Its long-run median P/E is 15.1×, measured across 2.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 10.8× is mid-range by its own standards (47th percentile), against a long-run median of 15.1× measured over 2.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.

P/E 10.8× vs a 15.1× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 2.1-year window; loss-period spikes above 36× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
mid-range by its own standards (47th percentile)
P/EMedianEPS (TTM) (quarterly)
39.0×₹13929.3×₹10419.5×₹69.59.8×₹34.70.0×₹0.0×10.70×₹40Aug 24Feb 25Aug 25Feb 26Sep 26
39.0×₹13929.3×₹10419.5×₹69.59.8×₹34.70.0×₹0.0×10.70×₹40Aug 24Aug 25Sep 26
P/E
10.8×
47th percentile of 2y

Why the multiple sits where it does: over the past year annual EPS moved +124.0% against a −10.6% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Sathlokhar Synergys E&C Global Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 4 quarters across 1 curve, on partial evidence.

Growth, year by year: revenue +121.6% in FY26, profit +141.2% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
203%331%135%218%67%105%0.0%−7.5%−70%−120%%%121.6%141.2%FY20FY23FY26
203%331%135%218%67%105%0.0%−7.5%−70%−120%%%121.6%141.2%FY20FY23FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfit
320%319%247%251%174%183%102%116%29%48%%%66.7%133.3%Dec 24Sep 25Jun 26
320%319%247%251%174%183%102%116%29%48%%%66.7%133.3%Dec 24Sep 25Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
123%100%77%53%30%%36%FY23FY24FY26
123%100%77%53%30%%36%FY23FY24FY26
ROCE
Falling
latest 36.0% · span 36.0%–117.0%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+121.6%+111.2%+91.3%
Profit+141.2%+154.1%+141.4%
EPS+124.0%+5.1%+62.5%
Share price−10.6%
Revenue YoY (Jun 26)
+66.7%
latest quarter vs a year ago
Profit YoY (Jun 26)
+133.3%
latest quarter vs a year ago
Revenue 10y
52.6%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

51.5/100 — rank 6 of 13 in Construction - Civil/Turnkey · 57% evidence confidence

Sathlokhar Synergys E&C Global Ltd scores 51.5 out of 100 against the 13 companies it is compared with in Construction - Civil/Turnkey, ranking 6. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 16.8 + 16.5 + 10.8 + 7.4 = 51.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Sathlokhar Synergys E&C Global Ltd reported ₹205 Cr of revenue in the Jun 26 quarter, +66.7% year on year. That is the 3rd straight quarter of year-on-year growth. Over 6 years it has compounded at 52.6% a year. The last full year, FY26, came in at ₹820 Cr. The last four reported quarters add to ₹949 Cr.

FY26 revenue came in at ₹820 Cr (+121.6% on the year), capping 6 years at 52.6% compound. The latest quarter (Jun 26) printed ₹205 Cr, +66.7% year on year — the 3rd consecutive quarter of year-over-year growth.

FY26 revenue ₹820 Cr (+121.6% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 7-year window. A bar is red when it is lower than the year before.
52.6% a year over 6 years
RevenueYoY growth
886203%664135%44367%2210.0%0−70%₹ Cr%₹820121.6%FY20FY23FY26
886203%664135%44367%2210.0%0−70%₹ Cr%₹820121.6%FY20FY23FY26
Jun 26: ₹205 Cr (+66.7% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
299661%224497%150332%75168%00.0%₹ Cr%₹20566.7%Dec 24Sep 25Jun 26
299661%224497%150332%75168%00.0%₹ Cr%₹20566.7%Dec 24Sep 25Jun 26

Pace check: the last four quarters averaged +243.8% growth against the decade's 52.6% — the current year is running faster than its own long-run rate.

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Sathlokhar Synergys E&C Global Ltd's operating margin is 15.0% in the Jun 26 quarter, +4.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 7 fiscal years the operating margin has ranged 3.0% to 14.0%.

The latest quarter's operating margin is 15.0%, +4.0 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 3.0%–14.0%, and FY26's 14.0% is the top of that band — a record year.

Why the margin moved: operating margin went +3.7 pp year on year while gross margin went +4.9 pp — the gain came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 14.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 7-year window.
the widest a 3.0–14.0% band over 7 years
operating marginYoY change (pp)
15%7.7%12%5.1%8.5%2.4%5.3%−0.3%2.1%−2.9%%%14%1%FY20FY23FY26
15%7.7%12%5.1%8.5%2.4%5.3%−0.3%2.1%−2.9%%%14%1%FY20FY23FY26
Jun 26: 15.0% operating margin (+4.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
15%4.3%14%3.2%13%2.0%12%0.8%11%−0.3%%%15%4%Dec 24Sep 25Jun 26
15%4.3%14%3.2%13%2.0%12%0.8%11%−0.3%%%15%4%Dec 24Sep 25Jun 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Sathlokhar Synergys E&C Global Ltd earned ₹21.0 Cr of net profit in the Jun 26 quarter, +133.3% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹82.0 Cr. The 6-year compound rate is 85.7%. That is 10.2% of the quarter's revenue. The same quarter a year earlier earned ₹9.0 Cr.

Jun 26 profit was ₹21.0 Cr, +133.3% year on year — the 3rd consecutive quarter of growth. On the full year, FY26 printed ₹82.0 Cr (+141.2%), and the 6-year compound rate is 85.7%.

FY26 profit ₹82.0 Cr (+141.2% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 7-year window. A bar is red when it is lower than the year before.
85.7% a year over 6 years
Net profitYoY growth
89458%66321%44185%2249%0−88%₹ Cr%₹82141.2%FY20FY23FY26
89458%66321%44185%2249%0−88%₹ Cr%₹82141.2%FY20FY23FY26
Jun 26: ₹21.0 Cr (+133.3% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Net profit (quarterly)YoY growth
32670%24508%16346%8184%022%₹ Cr%₹21133.3%Dec 24Sep 25Jun 26
32670%24508%16346%8184%022%₹ Cr%₹21133.3%Dec 24Sep 25Jun 26

Why profit moved: revenue contributed +66.7% and the margin +4.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +275.0% vs revenue +243.8%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −174% of Sathlokhar Synergys E&C Global Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−163 Cr of operating cash against ₹82.0 Cr of profit. After ₹2.0 Cr of capital spending, ₹−165 Cr was left as free cash.

FY26: operating cash of ₹−163 Cr against reported profit of ₹82.0 Cr, leaving free cash of ₹−165 Cr after ₹2.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −174% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹−163 Cr vs profit ₹82.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 7-year window, annual resolution.
−174% of 3-year profit arrived as cash
Operating cashNet profitFree cash
10230−41−113−185₹ Cr₹−163₹82₹−165FY20FY23FY26
10230−41−113−185₹ Cr₹−163₹82₹−165FY20FY23FY26
FY26: CFO = −199% of profit (three-year rate −174%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
318%72%−175%−422%−668%%−199%FY20FY23FY26
318%72%−175%−422%−668%%−199%FY20FY23FY26

🚨 Why conversion sits at −174%: the cash cycle tightened 310 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: the bigger cash user is investment — capital spending ran 6.0× depreciation over three years, so the next section's job is to check what that build-out is buying.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Sathlokhar Synergys E&C Global Ltd's cash conversion cycle runs 37 days in FY26, down from 347 days in FY21. Capital spending ran ₹12.0 Cr over the last 3 years. At FY26 sales of ₹820 Cr each day of that cycle holds about ₹2.2 Cr, so roughly ₹83.0 Cr sits inside the business at any moment.

FY26: debtors at 34 days, inventory at 131 days — roughly 4.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 37 days, tighter than FY21's 347.

The full loop: cash goes out to suppliers and production on day 0; stock waits 131 days to sell; customers pay about 34 days after that; and suppliers themselves are paid at 128 days — netting out to the 37-day cycle.

In money terms: at FY26 sales of ₹820 Cr, each day of the cycle holds about ₹2.2 Cr — so the 37-day loop keeps roughly ₹83.0 Cr sitting inside the business at any moment.

FY26: a 37-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 7-year window.
−310 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
490363236108−19days37d131d34d128dFY20FY21FY23FY24FY26
490363236108−19days37d131d34d128dFY20FY23FY26

On the investment side: capital spending of ₹12.0 Cr over the last 3 fiscal years against ₹2.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹1.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹2.0 Cr, work-in-progress ₹1.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
86420₹ Cr₹2₹1FY21FY22FY23FY24FY26
86420₹ Cr₹2₹1FY21FY23FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified

Sathlokhar Synergys E&C Global Ltd earns a ROCE of 36% in FY26. That is up from a trough of 10% in FY21. Return on invested capital clears the cost of that capital by +21.2 percentage points, so growth here adds value rather than only size. The wiring behind it is 10.0% net margin on 1.22× asset turns.

FY26 ROCE is 36%, recovered from a FY21 trough of 10% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 10.0% net margin × 1.22× asset turns × 1.87× balance-sheet leverage ≈ 22.8% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 33.2% − 12.0% = a +21.2 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

FY26: ROCE 36% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 6-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY21's 10%
ROCEROIC (annual)WACC
126%94%62%30%−1.4%%36%49.3%FY21FY23FY26
126%94%62%30%−1.4%%36%49.3%FY21FY23FY26
Q2 FY26: ROCE 29.7% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 9 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
97%74%51%29%5.7%%29.7%90.8%Q3 FY24Q3 FY25Q3 FY26
97%74%51%29%5.7%%29.7%90.8%Q3 FY24Q3 FY25Q3 FY26
11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified

Sathlokhar Synergys E&C Global Ltd carries total debt of ₹37.0 Cr against shareholder equity of ₹200 Cr as of Dec 25, a debt-to-equity of 0.18 — effectively unlevered. On the annual view that ratio went from 0.00 in FY24 to 0.05 in FY25. The returns elsewhere on this page are therefore earned rather than borrowed.

Dec 25: total debt of ₹37.0 Cr against shareholder equity of ₹200 Cr — a debt-to-equity of 0.18. On the annual view, debt-to-equity went from 0.00 (FY24) to 0.05 (FY25). The returns on this page are earned, not borrowed.

FY25: debt ₹9.0 Cr at 0.05× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 2-year window.
Total debtDebt-to-equity
100.05×70.04×50.03×20.01×00.00×₹ Cr×₹90.05×FY24FY25
100.05×70.04×50.03×20.01×00.00×₹ Cr×₹90.05×FY24FY25
Dec 25: debt ₹37.0 Cr, debt-to-equity 0.18 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 7 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
400.5×300.3×200.2×100.1×00.0×₹ Cr×₹370.18×Jun 23Mar 25Dec 25
400.5×300.3×200.2×100.1×00.0×₹ Cr×₹370.18×Jun 23Mar 25Dec 25
12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 4.4 points of Sathlokhar Synergys E&C Global Ltd over 5 quarters, the biggest move on the register. That takes promoters to 58.3% of the company. Foreign institutions moved −2.9 points over the same window, to 0.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −4.4 points over 5 quarters to 58.3%; Foreign institutions: −2.9 points over 5 quarters to 0.3%; Domestic institutions: +0.8 points over 5 quarters to 2.0%.

🚨 Why the register moved: promoters drove it (−4.4 points), alongside foreign institutions (−2.9 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −4.4 pts from Mar 25 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 2 year-ends held.
PromotersForeign inst.Domestic inst.Public
68%50%31%13%−4.9%%58.3%0.3%1.6%39.8%Mar 25Mar 26
68%50%31%13%−4.9%%58.3%0.3%1.6%39.8%Mar 25Mar 26
Promoters cut 4.4 points over 5 quarters Shareholding by holder class, % of the company, quarterly, last 6 quarters.
PromotersForeign inst.Domestic inst.Public
68%50%31%13%−4.9%%58.3%0.3%2.0%39.4%Sep 24Sep 25Jun 26
68%50%31%13%−4.9%%58.3%0.3%2.0%39.4%Sep 24Sep 25Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Sathlokhar Synergys E&C Global Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Construction - Civil/Turnkey
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1SRM Contractors LtdSRM 65.4/100Favorable setup80% evidence ASLEEP 29.1/35 Revenue 75.5% · PAT 87.3% · OPM change 5 pp 95% evidence 20.1/25 ROCE 37.1% · OPM 19% 95% evidence 11.3/20 P/E 8.5× · PEG — 15% evidence 4.9/20 RS sector -20.7% · RS bench -10.4% · 1Y -11.6%2 of 12 weeks ahead 100% evidence
Exact sum: 29.1 + 20.1 + 11.3 + 4.9 = 65.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -20.7% and the one-year return is -11.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
2Effwa Infra & Research LtdEFFWA 62.9/100Thin evidence · provisional56% evidence LEADER 16.8/35 Revenue — · PAT — · OPM change -2 pp 26% evidence 19.9/25 ROCE 29.3% · OPM 16% 95% evidence 10.0/20 P/E 30.3× · PEG — 15% evidence 16.2/20 RS sector 28.6% · RS bench 44.3% · 1Y 68.4%12 of 12 weeks ahead 100% evidence
Exact sum: 16.8 + 19.9 + 10 + 16.2 = 62.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3Brahmaputra Infrastructure Ltd535693 62.7/100Mixed-positive evidence63% evidence 22.9/35 Revenue 50.4% · PAT 100% · OPM change -8 pp 83% evidence 14.8/25 ROCE 18.2% · OPM 22% 76% evidence 13.5/20 P/E 8× · PEG — 50% evidence 11.5/20 RS sector — · RS bench 20.3% · 1Y — 25% evidence
Exact sum: 22.9 + 14.8 + 13.5 + 11.5 = 62.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Gayatri Projects LtdGAYAPROJ 61.2/100Mixed-positive evidence73% evidence LEADER 27.0/35 Revenue 100% · PAT 100% · OPM change 6 pp 71% evidence 6.1/25 ROCE 7% · OPM 18% 95% evidence 12.4/20 P/E 9.7× · PEG — 50% evidence 15.7/20 RS sector 12.3% · RS bench 68.3% · 1Y 208%9 of 12 weeks ahead 70% evidence
Exact sum: 27 + 6.1 + 12.4 + 15.7 = 61.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Ceigall India LtdCEIGALL 56.4/100Mixed-positive evidence75% evidence TURNING 19.6/35 Revenue 20.3% · PAT 23.5% · OPM change 2 pp 95% evidence 13.9/25 ROCE 17.3% · OPM 15% 76% evidence 10.2/20 P/E 20.6× · PEG — 15% evidence 12.7/20 RS sector 13.7% · RS bench 27.9% · 1Y 38.8%4 of 12 weeks ahead 100% evidence
Exact sum: 19.6 + 13.9 + 10.2 + 12.7 = 56.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Sathlokhar Synergys E&C Global Ltdthis pageSSEGL 51.5/100Thin evidence · provisional57% evidence TURNING 16.8/35 Revenue — · PAT — · OPM change 4 pp 45% evidence 16.5/25 ROCE 36.3% · OPM 15% 95% evidence 10.8/20 P/E 10.8× · PEG — 15% evidence 7.4/20 RS sector -31.4% · RS bench 7.8% · 1Y -8.5%3 of 10 weeks ahead 70% evidence
Exact sum: 16.8 + 16.5 + 10.8 + 7.4 = 51.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7B.L.Kashyap & Sons LtdBLKASHYAP 43.6/100Mixed-negative evidence74% evidence TURNING 17.4/35 Revenue 21.9% · PAT -80% · OPM change 0 pp 95% evidence 8.4/25 ROCE 12.6% · OPM 8% 95% evidence 9.8/20 P/E 33× · PEG — 15% evidence 8.0/20 RS sector -22.6% · RS bench 1.5% · 1Y -21.6%2 of 10 weeks ahead 70% evidence
Exact sum: 17.4 + 8.4 + 9.8 + 8 = 43.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Interise TrustINTERISE 43.3/100Thin evidence · provisional55% evidence 16.2/35 Revenue 0.8% · PAT 100% · OPM change -3 pp 95% evidence 8.6/25 ROCE 10.8% · OPM 72% 76% evidence 8.5/20 P/E 247× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 16.2 + 8.6 + 8.5 + 10 = 43.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9Denta Water & Infra Solutions LtdDENTA 42.7/100Mixed-negative evidence74% evidence TURNING 10.6/35 Revenue 10% · PAT -10.2% · OPM change -11 pp 95% evidence 15.7/25 ROCE 18.8% · OPM 22% 95% evidence 10.5/20 P/E 14.4× · PEG — 15% evidence 5.9/20 RS sector -26.8% · RS bench -7.6% · 1Y -30.9%9 of 10 weeks ahead 70% evidence
Exact sum: 10.6 + 15.7 + 10.5 + 5.9 = 42.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10A B Infrabuild LtdABINFRA 35.6/100Mixed-negative evidence80% evidence TURNING 9.9/35 Revenue 6.8% · PAT -5.5% · OPM change -2 pp 95% evidence 11.2/25 ROCE 15.2% · OPM 13.9% 95% evidence 9.5/20 P/E 37.1× · PEG — 15% evidence 5.0/20 RS sector -36.5% · RS bench -27.4% · 1Y -48.4%2 of 12 weeks ahead 100% evidence
Exact sum: 9.9 + 11.2 + 9.5 + 5 = 35.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Afcons Infrastructure LtdAFCONS 30.4/100Adverse evidence87% evidence BASING 5.4/35 Revenue -11.9% · PAT -73.1% · OPM change -4 pp 100% evidence 6.8/25 ROCE 13.9% · OPM 9% 100% evidence 13.6/20 P/E 45.6× · PEG 0.82 65% evidence 4.6/20 RS sector -30% · RS bench -25.1% · 1Y -42.2%0 of 10 weeks ahead 70% evidence
Exact sum: 5.4 + 6.8 + 13.6 + 4.6 = 30.4 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
12HRS Aluglaze Ltd544656 53.6/100Thin evidence · provisional18% evidence 17.9/35 Revenue — · PAT — · OPM change — 3% evidence 17.0/25 ROCE 20.2% · OPM 32% 57% evidence 8.7/20 P/E 105× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —2 of 2 weeks ahead to 2026-03-29 0% evidence
Exact sum: 17.9 + 17 + 8.7 + 10 = 53.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13GHV Infra Projects Ltd505504 53.0/100Thin evidence · provisional37% evidence BREAKING OUT 18.0/35 Revenue — · PAT — · OPM change 0 pp 17% evidence 12.7/25 ROCE — · OPM 11.1% 30% evidence 9.3/20 P/E 44.8× · PEG — 15% evidence 13.0/20 RS sector -8.5% · RS bench 3.7% · 1Y -1.2%5 of 12 weeks ahead 100% evidence
Exact sum: 18 + 12.7 + 9.3 + 13 = 53 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Sathlokhar Synergys E&C Global Ltd's share price today?

Sathlokhar Synergys E&C Global Ltd trades at ₹428, −10.6% over the past year. The company is valued at ₹1,113 Cr. The stock sits at 49% of its 52-week range of ₹305–₹558, +13.1% versus its 200-day average. On the tape, the price is in a downtrend, 33 weeks in. — as of 11 September 2026.

What were Sathlokhar Synergys E&C Global Ltd's latest quarterly results?

Sathlokhar Synergys E&C Global Ltd reported revenue of ₹205 Cr and net profit of ₹21.0 Cr for the Jun 26 quarter. Revenue rose 66.7% and profit rose 133.3% year on year. Earnings per share were ₹8.24. The operating margin was 15.0%, 4.0 pp higher than a year earlier. — as of 11 September 2026.

What is Sathlokhar Synergys E&C Global Ltd's revenue?

Sathlokhar Synergys E&C Global Ltd reported revenue of ₹205 Cr in the Jun 26 quarter, +66.7% year on year. For the full FY26 fiscal year, revenue was ₹820 Cr (+121.6%). Over the last 6 years revenue compounded at 52.6% a year. — as of 11 September 2026.

What is Sathlokhar Synergys E&C Global Ltd's profit?

Sathlokhar Synergys E&C Global Ltd earned ₹21.0 Cr of net profit in the Jun 26 quarter, +133.3% year on year — the 3rd straight quarter of growth. Full-year FY26 profit was ₹82.0 Cr. The operating margin ran 15.0% in the latest quarter. — as of 11 September 2026.

What is Sathlokhar Synergys E&C Global Ltd's market cap?

Sathlokhar Synergys E&C Global Ltd's market capitalisation is ₹1,113 Cr at a share price of ₹428. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Sathlokhar Synergys E&C Global Ltd's P/E ratio?

Sathlokhar Synergys E&C Global Ltd trades at a P/E of 10.8×, at the 47th percentile of its own 2-year range, against a long-run median of 15.1×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Sathlokhar Synergys E&C Global Ltd pay a dividend?

No — Sathlokhar Synergys E&C Global Ltd has recorded a dividend payout of 0% of profit in each of its last 7 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 11 September 2026.

Is Sathlokhar Synergys E&C Global Ltd overvalued?

On its own history, Sathlokhar Synergys E&C Global Ltd looks mid-range: its P/E of 10.8× sits at the 47th percentile of its 2-year range (long-run median 15.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 11 September 2026.

Is Sathlokhar Synergys E&C Global Ltd growing?

Yes — Sathlokhar Synergys E&C Global Ltd is growing: latest-quarter revenue +66.7% year on year, profit +133.3%, and the margin +4.0 pp at 15.0%. The 6-year compound rates are 52.6% (revenue) and 85.7% (profit). The earnings engine currently reads: improving — as of 11 September 2026.

How is Sathlokhar Synergys E&C Global Ltd performing?

Sathlokhar Synergys E&C Global Ltd is in a downtrend, 33 weeks in. Its latest quarter's revenue rose 66.7% and profit rose 133.3% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 4 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

Is Sathlokhar Synergys E&C Global Ltd in an uptrend?

No — the price is in a downtrend (week 33 of stage 4), trading +13.1% versus its 200-day average and at 49% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is Sathlokhar Synergys E&C Global Ltd beating the market?

On recent form, yes — Sathlokhar Synergys E&C Global Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 4 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 2.1 years the stock moved +66% against the NIFTY 500's +1% — ahead of the index over the full window. — as of 11 September 2026.

Will Sathlokhar Synergys E&C Global Ltd's share price go up?

This page publishes no price forecast for Sathlokhar Synergys E&C Global Ltd. What it measures instead: the share price is ₹428, the price is in a downtrend 33 weeks in. Its P/E of 10.8× sits at the 47th percentile of its own 2-year range. — as of 11 September 2026.

Who owns Sathlokhar Synergys E&C Global Ltd?

Promoters hold 58.3% of Sathlokhar Synergys E&C Global Ltd, foreign institutions 0.3%, domestic institutions 2.0% and the public 39.4% (latest quarter). The biggest move on the register over the last two years: Promoters cut 4.4 points over 5 quarters. — as of 11 September 2026.

Does Sathlokhar Synergys E&C Global Ltd have too much debt?

No — Sathlokhar Synergys E&C Global Ltd's debt-to-equity is 0.25, and operating profit covers the interest bill 19×. FY26 borrowings were ₹90.0 Cr against equity of ₹359 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is Sathlokhar Synergys E&C Global Ltd's capex?

Sathlokhar Synergys E&C Global Ltd spent ₹12.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹2.0 Cr, with ₹1.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Sathlokhar Synergys E&C Global Ltd's cash flow?

Sathlokhar Synergys E&C Global Ltd consumed ₹163 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−165 Cr). Operating cash was negative while the company reported a profit of ₹82.0 Cr. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Sathlokhar Synergys E&C Global Ltd's profit real cash?

No — operating cash was negative over the last 3 fiscal years: Sathlokhar Synergys E&C Global Ltd consumed cash while reporting profit. In FY26, operating cash was ₹−163 Cr against reported profit of ₹82.0 Cr. Cash-flow resolution is annual — as of 11 September 2026.

Where is Sathlokhar Synergys E&C Global Ltd in its business cycle?

Sathlokhar Synergys E&C Global Ltd's FY26 operating margin was 14.0%, against a 7-year band of 3.0%–14.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 15.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What could break the Sathlokhar Synergys E&C Global Ltd story?

The sharpest disagreement: profits are rising, but only −174% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is Sathlokhar Synergys E&C Global Ltd a stock worth studying right now?

This is not investment advice. The machine read: Sathlokhar Synergys E&C Global Ltd's earnings have outrun its stock. EPS grew +124.0% in a year against a −10.6% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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