Sejal Glass Limited (SEJALLTD) AI Stock Analysis

Sejal Glass Limited

(NSE:SEJALLTD)

Select Model

Rating:62Neutral

Price Target:INR 818.00▲(5.07% Upside)

Action:reiterated

Date:10/17/26

The score is primarily constrained by financial performance, where leverage remains meaningful and free cash flow is consistently negative despite improved profitability. Technicals provide a strong offset with clear bullish trend and positive momentum signals, while valuation is moderate-to-elevated (P/E 25.90) with no dividend yield support.

Positive Factors

Revenue Scale-UpStrong multi-year revenue expansion indicates broader commercial traction in architectural glass and construction applications. If maintained, this scale can improve operating leverage, deepen customer relationships, and support a stronger competitive position over the next several quarters.

Negative Factors

Meaningful LeverageSubstantial debt leaves the company more exposed to construction-cycle downturns and limits financial flexibility. Leverage can increase financing costs, constrain investment choices, and make it harder to absorb weaker demand even as the equity base improves.

Sejal Glass Limited (SEJALLTD) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 7.48B
Dividend Yield: ―
Average Volume (3M): 3,594
Price to Earnings (P/E): 23.4
Beta (1Y): 1.96
Revenue Growth: 51.90%
EPS Growth: 73.45%
Country: India
Employees: 293
Sector: General
Sector Strength: 55
Industry: Construction Materials

Sejal Glass Limited Business Overview & Revenue Model

Company Description

Sejal Glass Limited manufactures and sells value added glass in India and internationally. It offers solid, kool, tone, fort, armor, decor, fireban, body tinted, and pyrolytic coated solar control glass. The company was formerly known as Sezal Glass...

Sejal Glass Limited Financial Statement Overview

Summary

Income statement momentum is positive (sharp revenue scale-up and higher net income in 2026), but overall quality is held back by balance-sheet risk (still-elevated leverage despite improving equity) and especially weak cash conversion (free cash flow deeply negative in 2026 and negative in prior years).

Income Statement

68Positive

Balance Sheet

52Neutral

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	4.73B	3.97B	2.44B	1.64B	464.27M	239.33M
Gross Profit	1.49B	1.06B	950.91M	575.86M	159.54M	54.92M
EBITDA	780.54M	614.70M	339.68M	203.80M	29.09M	1.49B
Net Income	377.62M	287.43M	109.61M	33.05M	78.51M	1.47B
Balance Sheet
Total Assets	5.19B	4.70B	2.85B	2.30B	506.88M	433.51M
Cash, Cash Equivalents and Short-Term Investments	517.83M	149.84M	74.77M	25.75M	15.47M	8.96M
Total Debt	2.10B	2.02B	1.83B	1.62B	312.79M	331.84M
Total Liabilities	3.45B	3.18B	2.46B	2.01B	366.92M	372.06M
Stockholders Equity	1.73B	1.51B	380.90M	291.12M	139.96M	61.45M
Cash Flow
Free Cash Flow	0	-620.75M	-140.28M	-485.12M	-42.28M	-80.68M
Operating Cash Flow	0	347.25M	-56.96M	-91.88M	-26.73M	-60.09M
Investing Cash Flow	0	-1.25B	-3.59M	-406.99M	75.02M	-18.57M
Financing Cash Flow	0	972.71M	90.66M	486.32M	-41.77M	38.94M

Sejal Glass Limited Technical Analysis

Technical Analysis SentimentNeutral

Last Price778.55

Price Trends

50DMA719.78Positive

100DMA725.11Positive

200DMA697.77Positive

Market Momentum

MACD39.31Positive

RSI48.65Neutral

STOCH25.27Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SEJALLTD, the sentiment is Neutral. The current price of 778.55 is below the 20-day moving average (MA) of 789.30, above the 50-day MA of 719.78, and above the 200-day MA of 697.77, indicating a neutral trend. The MACD of 39.31 indicates Positive momentum. The RSI at 48.65 is Neutral, neither overbought nor oversold. The STOCH value of 25.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SEJALLTD.

Sejal Glass Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SEJALLTD against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KAJARIACER	70Outperform	INR 174.30B	29.88	―	1.59%	14.20%	66.86%
IN:SOMANYCERA	68Neutral	INR 22.30B	21.36	―	1.08%	9.32%	82.85%
IN:SEJALLTD	62Neutral	INR 8.80B	23.36	―	―	51.90%	73.45%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ORIENTBELL	55Neutral	INR 5.10B	24.70	―	0.28%	13.22%	387.47%
IN:ASIANTILES	54Neutral	INR 13.59B	61.18	―	―	18.50%	-67.27%
IN:NITCO	49Neutral	INR 17.32B	-58.49	―	―	28.75%	98.71%

* General Sector Average

Performance Comparison

IN:SEJALLTD and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SEJALLTD	Sejal Glass Limited	776.15	-74.55	-8.76%
IN:ASIANTILES	Asian Granito India Limited	46.52	-20.64	-30.73%
IN:KAJARIACER	Kajaria Ceramics Limited	1134.35	-14.63	-1.27%
IN:NITCO	Nitco Limited	72.93	-27.87	-27.65%
IN:ORIENTBELL	Orient Bell Limited	358.60	66.33	22.69%
IN:SOMANYCERA	Somany Ceramics Limited	556.15	116.61	26.53%

Sejal Glass Limited Corporate Events

Sejal Glass Opens One-Year Window for Legacy Physical Share Transfers

Oct 1, 2026

Sejal Glass Limited has announced the opening of a special one-year window for investors to lodge or re-lodge transfer and dematerialisation requests for physical share certificates where transfer deeds were executed before April 1, 2019. The window...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 17, 2026

Sejal Glass Limited AI Stock Analysis