# SG Mart share price today (SG Mart Ltd, NSE: SGMART)

> SG Mart share price today: ₹903.65 at the NSE close on 4 November 2026, up 157.9% in a year. SG Mart (NSE: SGMART) is worth ₹11,397 crore, trades at a P/E of 75.1 and has closed between ₹333.65 and ₹903.65 over the past 52 weeks. > SG Mart Ltd's share price has risen faster than its earnings: +157.9% in a year, against −4.2% for earnings per share. SGMART · Trading · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/sg-mart-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹903.65 (+157.9% in a year)
- P/E: 75.1× (higher than 66% of the last 10 years)
- Revenue (Sep 2026): ₹1,562 Cr (−8.3% on a year ago)
- Profit (Sep 2026): ₹54.0 Cr (+100.0% on a year ago)
- Operating margin: 4.6% (+3.0 points on a year ago)
- ROCE: 10%, FY26
- ROIC: 15.3%, against a 12.0% cost of capital: +3.3 points

The main question: profits are rising, but only −37% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the SG Mart share price today? SG Mart Ltd's share price was ₹903.65 at the close on 4 November 2026. It has been rising for 37 weeks. That is 43.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹334 and ₹904, and at that close it was at the high of that range. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 19 weeks in a row. Over the last 11 years the share price moved +72,775% while the NIFTY 500 moved +240%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at SG Mart this quarter? Three changes stood out: best operating margin in 14 quarters, foreign funds (FIIs) raised their stake for 5 quarters in a row and revenue fell in the September 2026 quarter. 1. Best operating margin in 14 quarters Operating margin was 4.6% in the September 2026 quarter, against 1.6% a year earlier. Why: Margins rose because coated sheet sales at service centres improved the mix of products the company sold. Next results: check whether the profit margin keeps moving toward the 6% to 7% level management expects. From the earnings call on 27 Oct 2026. 2. Foreign funds (FIIs) raised their stake for 5 quarters in a row From 0.9% to 3.9% of the company by the September 2026 quarter. 3. Revenue fell in the September 2026 quarter Revenue was ₹1,562 crore, -8.3% on a year earlier (₹1,704 crore), after 3 quarters of growth. Why: Revenue fell because the company stopped business-to-business metal trading that used to be included in service centre totals. Next results: check whether pure service centre sales keep growing after the trading stop. From the earnings call on 27 Oct 2026. ## What are SG Mart's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), SG Mart reported revenue of ₹1,562 crore, down 8.3% from ₹1,704 crore a year earlier, and a profit of ₹54.0 crore, up 100.0% from ₹27.0 crore. ### SG Mart results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,562 crore | ₹1,704 crore | −8.3% |
| Profit | ₹54.0 crore | ₹27.0 crore | +100.0% |
| Earnings per share | ₹4.28 | ₹2.11 | +102.8% |
| Operating margin | 4.6% | 1.6% | +3.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). SG Mart's management discussed these results on a call held on 27 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the SG Mart share price history? SG Mart closed at ₹903.65 on 4 November 2026, up 157.9% from ₹350.40 a year earlier (7 November 2025) and up 11,139.4% over five years. Its highest weekly close since March 2016 was ₹903.65 on 4 November 2026. ### SG Mart share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹855.80 | +5.6% |
| 1 month ago · 1 Oct 2026 | ₹742.25 | +21.7% |
| 6 months ago · 8 May 2026 | ₹598.95 | +50.9% |
| 1 year ago · 7 Nov 2025 | ₹350.40 | +157.9% |
| 3 years ago · 3 Nov 2023 | ₹421.80 | +114.2% |
| 5 years ago · 4 Nov 2021 | ₹8.04 | +11,139.4% |
| 10 years ago · 3 Nov 2016 | ₹1.74 | +51,833.9% |
| Earliest and lowest weekly close in our records · 23 Mar 2016 | ₹1.24 | +72,775.0% |
| Highest weekly close since March 2016, also the 52-week high · 4 Nov 2026 | ₹903.65 | 0.0% |
| 52-week low (weekly close) · 12 Dec 2025 | ₹333.65 | +170.8% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (362 weekly closes from 23 March 2016 to 4 November 2026.)

## What is the latest news on SG Mart? 4 Nov 2026: SG Mart closed at ₹903.65, up 5.6% on the week and up 21.7% on the month. 27 Oct 2026: SG Mart held its results call for July to September 2026. Management guided: FY27 business operating profit goal ₹300 crore, requiring ₹170 crore in H2 and an approximately ₹80 crore quarterly run rate. ### Earlier

- Results for July to September 2026: Revenue down 8.3% and profit up 100.0% on a year earlier. ## What dividend does SG Mart pay? SG Mart has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. Not in its latest year. SG Mart Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 4 of its last 7 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 5 November 2026.)

## What did SG Mart management say on the latest results call? On the call for July to September 2026, held on 27 October 2026, SG Mart's management guided: FY27 business operating profit goal ₹300 crore, requiring ₹170 crore in H2 and an approximately ₹80 crore quarterly run rate. > “We expect that our business should generate sustainable EBITDA of 6% to 7% going forward, compared with 4% to 5% currently.”
> Anubhav Gupta, on the call for July to September 2026

### What management guided

- 50%+ earnings yearly growth over the next 3-4 years. - Company-wide operating margin of 6%-7%; Raipur plant start in 9-12 months with 2%-3% blended-margin uplift. - 25+ service centres by 2030, with 30-35 possible; per-centre model of ₹70-80 crore capital spending for similar monthly revenue, 3%-4% operating margin and 25%+ ROCE. - Remaining FY27 capital spending of ₹250-300 crore, plus ₹1,500 crore over the next 2-3 years. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/1463/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 27 October 2026.)

## What to watch in SG Mart's next results? When SG Mart reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Track quarterly operating profit delivery against the full-year goal, especially whether the second-half run rate builds. - What to check (from the call)
- Track quarterly operating profit delivery against the full-year goal, especially whether the second-half run rate builds. - Raipur commissioning and initial coated-sheet production should test the stated margin-uplift path. - The next service-centre cohort should open around April-May and begin showing ramp in reported volumes. - The next-call contract-manufacturing update should move from evaluation to a concrete proposal. ## Which stock lists is SG Mart on? SG Mart is on one of our India lists: Momentum stocks. [Momentum stocks Market cap cr: 11392.310854206808](https://www.sectoralpha.in/momentum-stocks-india)

## Is SG Mart profitable? SG Mart Ltd earned ₹54.0 Cr of net profit in the Sep 2026 quarter, +100.0% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹111 Cr. That is 3.5% of the quarter's revenue. The same quarter a year earlier earned ₹27.0 Cr. For the full year, FY26 profit was ₹111 Cr (+7.8% on the year before). Why profit moved: revenue changed −8.3% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +26.8% and revenue +10.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does SG Mart make, and is it growing? SG Mart Ltd reported ₹1,562 Cr of revenue in the Sep 2026 quarter, −8.3% on the same quarter a year earlier. Over 10 years it has grown 139.9% a year on average. The last full year, FY26, came in at ₹6,315 Cr. The last four reported quarters add to ₹6,338 Cr. FY26 revenue was ₹6,315 Cr, +7.8% on the year before. Recent pace: the last four quarters grew +10.9% on average, against 139.9% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +9.7%, against +13.1% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +26.7%, against +27.8% a year (stabilising). ## How much of every ₹100 of sales does SG Mart keep? SG Mart Ltd's operating margin was 4.6% in the Sep 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 7 years it has been between 1.8% and 89.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +3.0 percentage points on the year while gross margin changed +3.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is SG Mart's profit turning into cash? Over the last 3 years SG Mart Ltd's operations used more cash than they brought in, so cash conversion was −37%, a gap worth watching. In FY26 it brought in ₹258 Cr of operating cash against ₹111 Cr of profit. After ₹125 Cr of spending on assets, ₹133 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −37% of profit came in as cash: the cash cycle got 107 days shorter between FY17 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: the bigger use of cash is spending on new assets, at 22.8× depreciation over three years. The next section checks what that spending is building. ## Where does SG Mart's cash go? SG Mart Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 10 days in FY26, down from 117 days in FY17. It spent ₹342 Cr on assets over the last 3 years. Customers take 15 days to pay, and stock sits for 18 days on average. At FY26 sales of ₹6,315 Cr, each day of that cycle ties up about ₹17.3 Cr, so roughly ₹173 Cr is tied up in the business at any time. FY26: customers took 15 days to pay and stock sat for 18 days, about 0.6 months of sales sitting as stock, for a full cycle of 10 days, shorter than FY17's 117. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 18 days. Customers pay about 15 days after that. Suppliers are paid at 24 days. Together that makes the 10-day cycle. Spending on assets: ₹342 Cr over the last 3 years, against ₹15.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹20.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is SG Mart's P/E ratio, and how does it compare with its own history? SG Mart Ltd's P/E is 75.1×, in the middle of its own history: higher than 66% of past readings. Its usual P/E (the middle reading) is 51.4×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −4.2% while the price moved +157.9%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +157.1% a year; about +124.7% a year came from earnings growth and about +32.4 percentage points from the multiple (the market paying more); over 10 years the price moved +86.9% a year; about +69.9% a year came from earnings growth and about +17.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the SG Mart business getting better or worse? SG Mart Ltd's business is turning around. EPS growth has swung from −4.6% at its low to +19.0%, improving for 2 quarters in a row, with ROCE steady at 14.2%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## What is SG Mart management's track record? Management guided ₹200 crore operating profit for FY26 but acknowledged in Q2 earnings call it is "now difficult" to achieve, revised to ~₹140 crore. Reached only ₹64 crore operating profit in H1. October to December 2025: Revenue ₹1,644 crore (+23% on a year earlier) but profit collapsed to ₹10.7 crore (-62% on a year earlier, -60% on the previous quarter). Operating margin: 0.57% (down from 1.6% prior quarter). ₹20 crore inventory loss in Q3 from steel price correction. Management guided 50% earnings yearly growth long-term but current trajectory shows operating profit and profit declining quarter-over-quarter. AmbitionBox: 4.0/5 but only 12 reviews (statistically meaningless). ### Regulatory and governance record

SG Mart was formerly Kintech Renewables Ltd, a dormant shell company acquired in 2023 via open offer at ₹450 by Meenakshi and Dhruv Gupta (relatives of Sanjay Gupta, APL Apollo group). Promoter stake cratered from 75% (Mar 2023) to 36.27% (Dec 2025), a 53% decline in 3 years. BSE sought clarification on unusual volume movement in Feb 2026 (exchange surveillance trigger). Shares were LOCKED (35% of promoter shares locked until Dec 2024, now unlocked). Other Gupta family members (Rohan Gupta 8.89%, Neera Gupta 8.86%) sit in PUBLIC category, not promoter, effective family control ~55% while reported promoter is only 36%. Earnings include ₹77-80 Cr other income (significant portion of Rs ~100 Cr profit before tax). No dividends paid despite reporting profits. (Checked 22 March 2026.)

## How much does SG Mart earn on its capital? SG Mart Ltd earned a ROCE of 10% in FY26. That is up from a low of 8% in FY19. Its return on capital used (ROIC) is 3.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 1.8% net margin and 2.81× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 1.8% net margin × 2.81× asset turnover × 1.41× leverage (assets divided by equity) ≈ 7.1% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 15.3% − 12.0% = +3.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 15.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 6.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does SG Mart have too much debt? SG Mart Ltd has total debt of ₹53.0 Cr against shareholder equity of ₹1,704 Cr as of Sep 2026, so its debt is 0.03× its equity, which is very little. Year by year, that ratio went from 0.17 in FY24 to 0.17 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the SG Mart shareholding pattern? Promoters raised their stake in SG Mart Ltd by 17.1 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 57.9% of the company. Domestic institutions moved +2.3 points over the same period, to 3.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: +17.1 points over 8 quarters, to 57.9%; Domestic institutions: +2.3 points over 8 quarters, to 3.9%; Foreign institutions: −1.4 points over 8 quarters, to 3.9%. Why the owners changed: promoters drove it (+17.1 points), together with domestic institutions (+2.3 points). They raised their stake step by step. ## How far is SG Mart from balance-sheet trouble? For SG Mart Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does SG Mart rank in its industry? 60.1 out of 100, rank 9 of 63 in Trading, with 93% of the evidence available. SG Mart Ltd scores 60.1 out of 100 against the 63 companies it is compared with in Trading, ranking 9. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 22.3 + 11.6 + 7.9 + 18.3 = 60.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is SG Mart compared with? SG Mart ranks 9 of 63 Trading companies on the 4-Factor Sector Score, with 60.1 out of 100. 1. [Mangalam Global Enterprise Ltd](https://www.sectoralpha.in/stocks/mangalam-global-enterprise-ltd) MGEL · turning · Most evidence points up · 93% evidence 70.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 44.2% · Profit 8.2% · Operating margin change 0.7 points · 100% evidence Capital efficiency 14.6/25 · ROCE 17% · Operating margin 2.3% · 100% evidence Valuation 15.8/20 · P/E 14.6× · PEG 0.31 · 65% evidence Relative strength 17.2/20 · Lead over its industry 12.9% · Lead over NIFTY 500 25.7% · 1 year 18.7% · 100% evidence · 5 of 12 weeks ahead Exact sum: 22.5 + 14.6 + 15.8 + 17.2 = 70.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Shankara Buildpro Ltd](https://www.sectoralpha.in/stocks/shankara-buildpro-ltd) BUILDPRO · quiet · Too little evidence to rank firmly · 59% evidence 64.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.0/43.75 · Revenue 26.3% · Profit 41.9% · Operating margin change -0.2 points · 88% evidence Capital efficiency 21.5/31.25 · ROCE 39% · Operating margin 3.2% · 100% evidence Valuation 13.4/25 · P/E 16× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 30 + 21.5 + 13.4 = 64.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Ivalue Infosolutions Ltd](https://www.sectoralpha.in/stocks/ivalue-infosolutions-ltd) IVALUE · quiet · Evidence leans up · 74% evidence 64.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 5.4% · Profit 22.1% · Operating margin change 5.6 points · 88% evidence Capital efficiency 19.8/25 · ROCE 25.4% · Operating margin 10% · 100% evidence Valuation 15.7/20 · P/E 10× · PEG 0.43 · 65% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -18.6% · 1 year -31.1% · 25% evidence · 3 of 12 weeks ahead Exact sum: 20.7 + 19.8 + 15.7 + 8.1 = 64.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Maxgrow India Ltd](https://www.sectoralpha.in/stocks/maxgrow-india-ltd) Too little evidence to rank firmly · 53% evidence 64.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/35 · Revenue 100% · Profit 100% · Operating margin change 0.8 points · 62% evidence Capital efficiency 16.4/25 · ROCE 23.5% · Operating margin 2.7% · 95% evidence Valuation 11.5/20 · P/E 1.2× · PEG n/a · 15% evidence Relative strength 12.4/20 · Lead over its industry n/a · Lead over NIFTY 500 136% · 1 year n/a · 25% evidence Exact sum: 23.9 + 16.4 + 11.5 + 12.4 = 64.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [Nupur Recyclers Ltd](https://www.sectoralpha.in/stocks/nupur-recyclers-ltd) NRL · leader · Evidence leans up · 78% evidence 63.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 40.6% · Profit 29.8% · Operating margin change 3.6 points · 83% evidence Capital efficiency 15.3/25 · ROCE 15.1% · Operating margin 11.6% · 76% evidence Valuation 7.6/20 · P/E 64.4× · PEG n/a · 50% evidence Relative strength 19.9/20 · Lead over its industry 86.1% · Lead over NIFTY 500 100.5% · 1 year 134.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 15.3 + 7.6 + 19.9 = 63.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Arisinfra Solutions Ltd](https://www.sectoralpha.in/stocks/arisinfra-solutions-ltd) ARIS · breaking out · Too little evidence to rank firmly · 56% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 45.3% · Profit 100% · Operating margin change 2 points · 83% evidence Capital efficiency 13.5/25 · ROCE 15.6% · Operating margin 11% · 76% evidence Valuation 10.7/20 · P/E 17.2× · PEG n/a · 15% evidence Relative strength 10.9/20 · Lead over its industry n/a · Lead over NIFTY 500 16.6% · 1 year -14.9% · 25% evidence · 11 of 12 weeks ahead Exact sum: 26.5 + 13.5 + 10.7 + 10.9 = 61.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [Bhatia Communications & Retail (India) Ltd](https://www.sectoralpha.in/stocks/bhatia-communications-retail-indialtd) Evidence leans up · 68% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.7/35 · Revenue 49% · Profit 45.5% · Operating margin change 0.3 points · 83% evidence Capital efficiency 18.4/25 · ROCE 21.3% · Operating margin 5.3% · 95% evidence Valuation 9.2/20 · P/E 22.8× · PEG n/a · 50% evidence Relative strength 11.5/20 · Lead over its industry n/a · Lead over NIFTY 500 30.1% · 1 year n/a · 25% evidence Exact sum: 21.7 + 18.4 + 9.2 + 11.5 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [DC Infotech & Communication Ltd](https://www.sectoralpha.in/stocks/dc-infotech-communication-ltd) DCI · breaking out · Evidence leans up · 81% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 29.1% · Profit 41.9% · Operating margin change 0.4 points · 88% evidence Capital efficiency 16.5/25 · ROCE 23% · Operating margin 4.8% · 100% evidence Valuation 13.4/20 · P/E 24.6× · PEG 0.82 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 20.1% · 1 year n/a · 25% evidence · 6 of 6 weeks ahead Exact sum: 19.3 + 16.5 + 13.4 + 11.1 = 60.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. SG Mart Ltd this page SGMART · leader · Evidence leans up · 93% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 9.7% · Profit 26.7% · Operating margin change 3 points · 100% evidence Capital efficiency 11.6/25 · ROCE 10.2% · Operating margin 4.6% · 100% evidence Valuation 7.9/20 · P/E 71.1× · PEG 1.81 · 65% evidence Relative strength 18.3/20 · Lead over its industry 47.1% · Lead over NIFTY 500 60.5% · 1 year 146.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.3 + 11.6 + 7.9 + 18.3 = 60.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Tembo Global Industries Ltd](https://www.sectoralpha.in/stocks/tembo-global-industries-ltd) TEMBO · losing its lead · Evidence leans up · 71% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 34% · Profit 55.7% · Operating margin change 5 points · 83% evidence Capital efficiency 19.6/25 · ROCE 22.8% · Operating margin 16% · 76% evidence Valuation 11.2/20 · P/E 9.3× · PEG n/a · 15% evidence Relative strength 7.0/20 · Lead over its industry -19.2% · Lead over NIFTY 500 -8.7% · 1 year -20.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 21.6 + 19.6 + 11.2 + 7 = 59.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Rashi Peripherals Ltd](https://www.sectoralpha.in/stocks/rashi-peripherals-ltd) RPTECH · losing its lead · Evidence leans up · 78% evidence 59.3 out of 100 Growth Capital Valuation Relative
12. [Sudarshan Pharma Industries Ltd](https://www.sectoralpha.in/stocks/sudarshan-pharma-industries-ltd) SUDARSHAN · turning · Evidence leans up · 85% evidence 58.7 out of 100 Growth Capital Valuation Relative
13. [Singer India Ltd](https://www.sectoralpha.in/stocks/singer-india-ltd) SINGERIND · Evidence leans up · 61% evidence 57.9 out of 100 Growth Capital Valuation Relative
14. [Euro Pratik Sales Ltd](https://www.sectoralpha.in/stocks/euro-pratik-sales-ltd) EUROPRATIK · quiet · Evidence leans up · 64% evidence 57.5 out of 100 Growth Capital Valuation Relative
15. [Pramara Promotions Ltd](https://www.sectoralpha.in/stocks/pramara-promotions-ltd) PRAMARA · Too little evidence to rank firmly · 52% evidence 54.6 out of 100 Growth Capital Valuation Relative
16. [State Trading Corporation of India Ltd](https://www.sectoralpha.in/stocks/state-trading-corporation-of-india-ltd) STCINDIA · quiet · Too little evidence to rank firmly · 57% evidence 53.4 out of 100 Growth Capital Valuation Relative
17. [Patel Retail Ltd](https://www.sectoralpha.in/stocks/patel-retail-ltd) PATELRMART · turning · Evidence leans up · 64% evidence 53.2 out of 100 Growth Capital Valuation Relative
18. [Yogi Ltd](https://www.sectoralpha.in/stocks/yogi-ltd) YOGI · quiet · Evidence leans up · 64% evidence 51.2 out of 100 Growth Capital Valuation Relative
19. [Transchem Ltd](https://www.sectoralpha.in/stocks/transchem-ltd) TRANSCHEM · Too little evidence to rank firmly · 52% evidence 51.0 out of 100 Growth Capital Valuation Relative
20. [Prostarm Info Systems Ltd](https://www.sectoralpha.in/stocks/prostarm-info-systems-ltd) PROSTARM · breaking out · Evidence leans up · 64% evidence 50.8 out of 100 Growth Capital Valuation Relative
21. [Dhunseri Ventures Ltd](https://www.sectoralpha.in/stocks/dhunseri-ventures-ltd) DVL · breaking out · Evidence leans up · 78% evidence 50.6 out of 100 Growth Capital Valuation Relative
22. Bizotic Commercial Ltd losing its lead · Evidence leans up · 63% evidence 50.4 out of 100 Growth Capital Valuation Relative
23. BMW Ventures Ltd BMW · Too little evidence to rank firmly · 51% evidence 50.2 out of 100 Growth Capital Valuation Relative
24. [Cropster Agro Ltd](https://www.sectoralpha.in/stocks/cropster-agro-ltd) quiet · Evidence leans down · 65% evidence 49.1 out of 100 Growth Capital Valuation Relative
25. [MMTC Ltd](https://www.sectoralpha.in/stocks/mmtc-ltd) MMTC · quiet · Evidence leans down · 92% evidence 47.2 out of 100 Growth Capital Valuation Relative
26. [Shiv Aum Steels Ltd](https://www.sectoralpha.in/stocks/shiv-aum-steels-ltd) SHIVAUM · breaking out · Evidence leans down · 63% evidence 46.8 out of 100 Growth Capital Valuation Relative
27. [Blue Pearl Agriventures Ltd](https://www.sectoralpha.in/stocks/blue-pearl-agriventures-ltd) BPAGRI · Too little evidence to rank firmly · 51% evidence 43.8 out of 100 Growth Capital Valuation Relative
28. [Lloyds Enterprises Ltd](https://www.sectoralpha.in/stocks/lloyds-enterprises-ltd) LLOYDSENT · quiet · Evidence leans down · 71% evidence 43.1 out of 100 Growth Capital Valuation Relative
29. [Hexa Tradex Ltd](https://www.sectoralpha.in/stocks/hexa-tradex-ltd) HEXATRADEX · breaking out · Evidence leans down · 64% evidence 39.9 out of 100 Growth Capital Valuation Relative
30. [Shanti Overseas (India) Ltd](https://www.sectoralpha.in/stocks/shanti-overseas-indialtd) SHANTI · Evidence leans down · 61% evidence 39.3 out of 100 Growth Capital Valuation Relative
31. [Hardwyn India Ltd](https://www.sectoralpha.in/stocks/hardwyn-india-ltd) HARDWYN · basing · Evidence leans down · 86% evidence 38.8 out of 100 Growth Capital Valuation Relative
32. [Riddhi Siddhi Gluco Biols Ltd](https://www.sectoralpha.in/stocks/riddhi-siddhi-gluco-biols-ltd) turning · Evidence leans down · 83% evidence 38.8 out of 100 Growth Capital Valuation Relative
33. [Adani Enterprises Ltd](https://www.sectoralpha.in/stocks/adani-enterprises-ltd) ADANIENT · quiet · Evidence leans down · 93% evidence 38.1 out of 100 Growth Capital Valuation Relative
34. [PTC India Ltd](https://www.sectoralpha.in/stocks/ptc-india-ltd) PTC · quiet · Evidence leans down · 78% evidence 37.4 out of 100 Growth Capital Valuation Relative
35. [Le Merite Exports Ltd](https://www.sectoralpha.in/stocks/le-merite-exports-ltd) LEMERITE · Too little evidence to rank firmly · 59% evidence 36.8 out of 100 Growth Capital Valuation Relative
36. [Fabtech Technologies Ltd](https://www.sectoralpha.in/stocks/fabtech-technologies-ltd) FABTECH · quiet · Evidence leans down · 68% evidence 36.7 out of 100 Growth Capital Valuation Relative
37. [Uniphos Enterprises Ltd](https://www.sectoralpha.in/stocks/uniphos-enterprises-ltd) UNIENTER · turning · Too little evidence to rank firmly · 59% evidence 35.7 out of 100 Growth Capital Valuation Relative
38. Manbro Industries Ltd Too little evidence to rank firmly · 57% evidence 35.3 out of 100 Growth Capital Valuation Relative
39. Shah Foods Ltd quiet · Too little evidence to rank firmly · 53% evidence 35.3 out of 100 Growth Capital Valuation Relative
40. [BN Agrochem Ltd](https://www.sectoralpha.in/stocks/bn-agrochem-ltd) BNAGROCHEM · quiet · Most evidence points down · 64% evidence 34.1 out of 100 Growth Capital Valuation Relative
41. [Neueon Corporation Ltd](https://www.sectoralpha.in/stocks/neueon-corporation-ltd) NEUEON · quiet · Too little evidence to rank firmly · 56% evidence 33.3 out of 100 Growth Capital Valuation Relative
42. [Kothari Industrial Corporation Ltd](https://www.sectoralpha.in/stocks/kothari-industrial-corporation-ltd) KOTIC · quiet · Too little evidence to rank firmly · 53% evidence 32.9 out of 100 Growth Capital Valuation Relative
43. [Oswal Agro Mills Ltd](https://www.sectoralpha.in/stocks/oswal-agro-mills-ltd) OSWALAGRO · Too little evidence to rank firmly · 52% evidence 28.6 out of 100 Growth Capital Valuation Relative
44. [Susan Electricals India Ltd](https://www.sectoralpha.in/stocks/susan-electricals-india-ltd) quiet · Too little evidence to rank firmly · 36% evidence 61.2 out of 100 Growth Capital Valuation Relative
45. [Magnus Steel & Infra Ltd](https://www.sectoralpha.in/stocks/magnus-steel-infra-ltd) Too little evidence to rank firmly · 40% evidence 61.1 out of 100 Growth Capital Valuation Relative
46. [Vision Infra Equipment Solutions Ltd](https://www.sectoralpha.in/stocks/vision-infra-equipment-solutions-ltd) VIESL · breaking out · Too little evidence to rank firmly · 47% evidence 58.4 out of 100 Growth Capital Valuation Relative
47. [Q-Line Biotech Ltd](https://www.sectoralpha.in/stocks/q-line-biotech-ltd) QLINE · losing its lead · Too little evidence to rank firmly · 21% evidence 57.8 out of 100 Growth Capital Valuation Relative
48. Aayush Art and Bullion Ltd breaking out · Too little evidence to rank firmly · 48% evidence 57.7 out of 100 Growth Capital Valuation Relative
49. [HP Telecom India Ltd](https://www.sectoralpha.in/stocks/hp-telecom-india-ltd) HPTL · Too little evidence to rank firmly · 32% evidence 57.1 out of 100 Growth Capital Valuation Relative
50. [SK Minerals & Additives Ltd](https://www.sectoralpha.in/stocks/sk-minerals-additives-ltd) quiet · Too little evidence to rank firmly · 43% evidence 55.9 out of 100 Growth Capital Valuation Relative
51. [Aptus Pharma Ltd](https://www.sectoralpha.in/stocks/aptus-pharma-ltd) Too little evidence to rank firmly · 41% evidence 55.6 out of 100 Growth Capital Valuation Relative
52. [Mardia Samyoung Capillary Tubes Company Ltd](https://www.sectoralpha.in/stocks/mardia-samyoung-capillary-tubes-company-ltd) MSCTC · Too little evidence to rank firmly · 26% evidence 55.3 out of 100 Growth Capital Valuation Relative
53. [Proventus Agrocom Ltd](https://www.sectoralpha.in/stocks/proventus-agrocom-ltd) PROV · breaking out · Too little evidence to rank firmly · 39% evidence 54.1 out of 100 Growth Capital Valuation Relative
54. [Pervasive Commodities Ltd](https://www.sectoralpha.in/stocks/pervasive-commodities-ltd) breaking out · Too little evidence to rank firmly · 48% evidence 51.8 out of 100 Growth Capital Valuation Relative
55. [Monika Alcobev Ltd](https://www.sectoralpha.in/stocks/monika-alcobev-ltd) MONIKA · Too little evidence to rank firmly · 27% evidence 49.9 out of 100 Growth Capital Valuation Relative
56. [Onix Solar Energy Ltd](https://www.sectoralpha.in/stocks/onix-solar-energy-ltd) ONIXSOLAR · quiet · Too little evidence to rank firmly · 47% evidence 45.8 out of 100 Growth Capital Valuation Relative
57. Arvaya Healthcare Ltd ARVAYA · quiet · Too little evidence to rank firmly · 46% evidence 45.4 out of 100 Growth Capital Valuation Relative
58. [A-1 Ltd](https://www.sectoralpha.in/stocks/a-1-ltd) A1L · Too little evidence to rank firmly · 33% evidence 45.3 out of 100 Growth Capital Valuation Relative
59. [Satani Bearings Ltd](https://www.sectoralpha.in/stocks/satani-bearings-ltd) breaking out · Too little evidence to rank firmly · 42% evidence 42.9 out of 100 Growth Capital Valuation Relative
60. [Keto Motors Ltd](https://www.sectoralpha.in/stocks/keto-motors-ltd) quiet · Too little evidence to rank firmly · 42% evidence 40.9 out of 100 Growth Capital Valuation Relative
61. [Aerpace Industries Ltd](https://www.sectoralpha.in/stocks/aerpace-industries-ltd) breaking out · Too little evidence to rank firmly · 36% evidence 37.9 out of 100 Growth Capital Valuation Relative
62. [Prabhatam Infra Venture Ltd](https://www.sectoralpha.in/stocks/prabhatam-infra-venture-ltd) PRABHATAM · Too little evidence to rank firmly · 22% evidence 36.8 out of 100 Growth Capital Valuation Relative
63. [RRP Semiconductor Ltd](https://www.sectoralpha.in/stocks/rrp-semiconductor-ltd) RRP · Too little evidence to rank firmly · 42% evidence 33.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Trading](https://www.sectoralpha.in/sectors/trading), all 63 compared on one page. ## Which companies are close to SG Mart in size? SG Mart is the 3rd largest of 59 Trading companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Adani Enterprises and RRP Semiconductor. Just below it: Lloyds Enterprises, MMTC, Rashi Peripherals and PTC India. ### Trading companies close in size

1. [Adani Enterprises Ltd](https://www.sectoralpha.in/stocks/adani-enterprises-ltd) ₹3,49,104 crore
2. [RRP Semiconductor Ltd](https://www.sectoralpha.in/stocks/rrp-semiconductor-ltd) ₹11,641 crore
3. SG Mart Ltd ₹10,796 crore
4. [Lloyds Enterprises Ltd](https://www.sectoralpha.in/stocks/lloyds-enterprises-ltd) ₹9,323 crore
5. [MMTC Ltd](https://www.sectoralpha.in/stocks/mmtc-ltd) ₹7,566 crore
6. [Rashi Peripherals Ltd](https://www.sectoralpha.in/stocks/rashi-peripherals-ltd) ₹5,217 crore
7. [PTC India Ltd](https://www.sectoralpha.in/stocks/ptc-india-ltd) ₹4,031 crore

[All 59 Trading companies, largest first](https://www.sectoralpha.in/sectors/trading#all-companies)

### Companies close in size in other industries

1. [PCBL Chemical Ltd](https://www.sectoralpha.in/stocks/pcbl-chemical-ltd) ₹10,897 crore · Carbon Black
2. [Quality Power Electrical Equipments Ltd](https://www.sectoralpha.in/stocks/quality-power-electrical-equipments-ltd) ₹10,806 crore · Electrical Equipments/HVDC
3. SG Mart Ltd ₹10,796 crore
4. [Trident Ltd](https://www.sectoralpha.in/stocks/trident-ltd) ₹10,788 crore · Textiles - Home Textile
5. [E2E Networks Ltd](https://www.sectoralpha.in/stocks/e2e-networks-ltd) ₹10,698 crore · Data Centre

## What else do people ask about SG Mart? ### What is SG Mart's share price today? SG Mart Ltd's share price is ₹903.65, +157.9% over the past year. The whole company is worth ₹11,397 Cr on the market. It is at its highest price of the past 52 weeks (range ₹334 to ₹904), 43.7% above its 200-day average. The price has been rising for 37 weeks (as of 4 November 2026). ### What were SG Mart's latest quarterly results? SG Mart Ltd reported revenue of ₹1,562 Cr and net profit of ₹54.0 Cr for the Sep 2026 quarter. Revenue fell 8.3% and profit rose 100.0% compared with a year earlier. Earnings per share were ₹4.28. The operating margin was 4.6%, 3.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is SG Mart's market cap? SG Mart Ltd's market capitalisation is ₹11,397 Cr at a share price of ₹903.65. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is SG Mart performing? SG Mart Ltd's share price has been rising for 37 weeks. In its latest quarter, revenue fell 8.3% and profit rose 100.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 19 weeks running (as of 4 November 2026). ### Will SG Mart's share price go up? This page does not forecast SG Mart Ltd's share price. What it shows instead: the share price is ₹903.65, and it has been rising for 37 weeks. Its P/E of 75.1× is higher than 66% of its own last 10 years (as of 4 November 2026). ### Who owns SG Mart? Promoters own 57.9% of SG Mart Ltd, foreign institutions 3.9%, domestic institutions 3.9% and the public 34.2% (latest quarter). The biggest change over the last two years: Promoters raised their stake by 17.1 percentage points over 8 quarters (as of 4 November 2026). ### Does SG Mart have too much debt? No, SG Mart Ltd has little debt: its debt is 0.17× its equity, and its operating profit is 3 times its interest bill. FY26 borrowings were ₹268 Cr against equity of ₹1,597 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is SG Mart in its business cycle? SG Mart Ltd's FY26 operating margin was 2.2%, against a 7-year range of 1.8% to 89.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 4.6%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the SG Mart story? The main question: profits are rising, but only −37% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is SG Mart a stock worth studying right now? What the numbers show: SG Mart Ltd's share price has risen faster than its earnings: +157.9% in a year, against −4.2% for earnings per share. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a SG Mart share price forecast for 2026? What management itself guided: FY27 business operating profit goal ₹300 crore, requiring ₹170 crore in H2 and an approximately ₹80 crore quarterly run rate. ### Where does this page get SG Mart's management information? From SG Mart's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india

This is research, not advice. We’re not SEBI-registered.