Synergy Green Industries Ltd. (SGIL) AI Stock Analysis

Synergy Green Industries Ltd.

(NSE:SGIL)

Select Model

Rating:53Neutral

Price Target:INR 561.00▲(1.43% Upside)

Action:reiterated

Date:09/23/26

The overall score is constrained by weakening financial performance, characterized by margin compression, rising debt, and persistently negative free cash flow, which materially increase balance-sheet and execution risk. Supporting the score, technicals are strong, with the share trading well above major moving averages and momentum indicators remaining firm rather than overheated. However, a negative P/E and minimal dividend yield mean the valuation does not sufficiently offset the company’s elevated financial risk, keeping the stock in a cautiously neutral zone despite its short-term price strength.

Positive Factors

Steady Revenue GrowthThe company has maintained a multi-year pattern of revenue growth, indicating continued commercial activity and some ability to expand its top line. Although the latest increase moderated, a growing revenue base can support future operating improvement if profitability stabilizes.

Negative Factors

Profitability CompressionSharp declines in net income and operating profit despite revenue growth indicate meaningful margin compression and weaker earnings conversion. This reduces the company’s ability to fund expansion internally, makes results more volatile, and leaves future performance more dependent on restoring operating profitability.

Synergy Green Industries Ltd. (SGIL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 9.59B
Dividend Yield: 0.18%
Average Volume (3M): 652
Price to Earnings (P/E): -97.9
Beta (1Y): 0.53
Revenue Growth: -2.47%
EPS Growth: -148.84%
Country: India
Employees: 252
Sector: General
Sector Strength: 55
Industry: Manufacturing - Metal Fabrication

Synergy Green Industries Ltd. Business Overview & Revenue Model

Company Description

Synergy Green Industries Ltd. engages in manufactures and exports cast, pig iron, and pneumatic tools. It offers industrial castings, turbine castings, metal castings, steel castings, and windmill parts. It provides graded grey iron, spheroidal graph...

Synergy Green Industries Ltd. Financial Statement Overview

Summary

Overall financial performance is weak: revenue growth has slowed, profitability has deteriorated sharply, leverage has risen, and free cash flow is deeply negative for two years, indicating elevated financial risk and poor cash conversion.

Income Statement

58Neutral

Balance Sheet

45Neutral

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	3.58B	3.66B	3.60B	3.26B	2.90B	2.84B
Gross Profit	1.79B	1.69B	570.26M	1.90B	1.64B	535.18M
EBITDA	402.45M	393.66M	536.99M	392.50M	267.52M	235.57M
Net Income	-88.30M	46.56M	168.88M	115.62M	8.67M	14.28M
Balance Sheet
Total Assets	0	4.73B	3.42B	1.98B	1.82B	1.94B
Cash, Cash Equivalents and Short-Term Investments	119.64M	119.64M	546.67M	103.60M	60.79M	19.24M
Total Debt	0	2.50B	1.56B	799.33M	836.63M	716.92M
Total Liabilities	-1.11B	3.62B	2.34B	1.51B	1.47B	1.60B
Stockholders Equity	1.11B	1.11B	1.08B	466.93M	351.12M	341.64M
Cash Flow
Free Cash Flow	-366.86M	-1.34B	-990.43M	184.42M	153.19M	16.84M
Operating Cash Flow	121.10M	50.67M	-163.91M	376.87M	256.67M	280.82M
Investing Cash Flow	-474.61M	-979.17M	-867.12M	-190.85M	-137.86M	-251.40M
Financing Cash Flow	343.62M	913.23M	1.01B	-148.27M	-116.77M	-50.15M

Synergy Green Industries Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price553.10

Price Trends

50DMA596.61Negative

100DMA590.55Negative

200DMA556.12Negative

Market Momentum

MACD-13.56Positive

RSI40.70Neutral

STOCH32.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SGIL, the sentiment is Negative. The current price of 553.10 is below the 20-day moving average (MA) of 586.82, below the 50-day MA of 596.61, and below the 200-day MA of 556.12, indicating a bearish trend. The MACD of -13.56 indicates Positive momentum. The RSI at 40.70 is Neutral, neither overbought nor oversold. The STOCH value of 32.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SGIL.

Synergy Green Industries Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SGIL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ROLEXRINGS	85Outperform	INR 42.71B	3.94	―	―	1.82%	-12.22%
IN:HAPPYFORGE	75Outperform	INR 164.81B	50.35	―	0.23%	15.53%	21.46%
IN:SANSERA	74Outperform	INR 256.80B	73.43	―	0.10%	23.49%	52.08%
IN:BALUFORGE	66Neutral	INR 52.02B	18.22	―	0.03%	30.79%	22.38%
IN:MMFL	62Neutral	INR 23.18B	20.62	―	0.83%	9.58%	2.00%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SGIL	53Neutral	INR 8.60B	-97.90	―	0.18%	-2.47%	-148.84%

* General Sector Average

Performance Comparison

IN:SGIL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SGIL	Synergy Green Industries Ltd.	553.10	21.40	4.02%
IN:BALUFORGE	Balu Forge Industries Ltd	442.30	-194.61	-30.56%
IN:HAPPYFORGE	Happy Forging Limited	1745.80	739.09	73.42%
IN:MMFL	MM Forgings Limited	480.10	169.66	54.65%
IN:ROLEXRINGS	Rolex Rings Limited	162.80	40.05	32.63%
IN:SANSERA	Sansera Engineering Limited	4114.25	2556.97	164.19%

Synergy Green Industries Ltd. Corporate Events

Synergy Green Industries Updates Q2 FY26-27 Earnings Call Details

Oct 23, 2026

Synergy Green Industries Ltd. has announced an updated intimation for its earnings conference call to discuss operational and financial performance for the second quarter of FY 2026-27, scheduled for November 3, 2026 at 4 p.m. IST. The company clarif...

Synergy Green Industries Wins Clean Audit Review on Q1 FY27 Results

Aug 13, 2026

Synergy Green Industries Ltd. announced that its board of directors has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, following a board meeting held on August 13, 2026. The company also conf...

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: Sep 23, 2026

Synergy Green Industries Ltd. AI Stock Analysis