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SG Mart Ltd
(SGMART)
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Rating:64Neutral
Price Target:
₹785.00
▲(43.24% Upside)
Action:Reiterated
Date:07/21/26
The score is driven mainly by improving financial performance (rapid growth and reduced leverage) and strong technical momentum (price above key moving averages with a positive MACD). These positives are tempered by weak/volatile cash-flow quality and a demanding valuation (high P/E with no dividend support).
Positive Factors
Rapid Revenue Growth
The sharp FY2026 revenue increase indicates stronger commercial scale and market activity. If growth remains supported by the underlying distribution business, it can broaden the operating base, improve fixed-cost absorption, and create a foundation for continued earnings expansion over the next several quarters.
Negative Factors
Thin Distributor Margins
Very thin gross and net margins leave limited protection against pricing pressure, mix changes, or cost inflation. Even with strong revenue growth, small adverse movements in procurement, operating expenses, or customer pricing could materially reduce profit, making sustained earnings quality more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid Revenue Growth
The sharp FY2026 revenue increase indicates stronger commercial scale and market activity. If growth remains supported by the underlying distribution business, it can broaden the operating base, improve fixed-cost absorption, and create a foundation for continued earnings expansion over the next several quarters.
Read all positive factors
SG Mart Ltd (SGMART) vs. iShares MSCI India ETF (INDA)
Market Cap
₹92.45B
Dividend Yield0.01%
Average Volume (3M)25.17K
Price to Earnings (P/E)74.1
Beta (1Y)0.52
Revenue Growth9.84%
EPS Growth2.64%
CountryIN
Employees156
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)9.87
Shares Outstanding126,035,200
10 Day Avg. Volume14,796
30 Day Avg. Volume25,172
Financial Highlights & Ratios
PEG Ratio-19.09
Price to Book (P/B)3.88
Price to Sales (P/S)0.98
P/FCF Ratio237.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)14.1
Revenue Forecast (FY)₹62.38B
SG Mart Ltd Business Overview & Revenue Model
Company Description
Established in 1985 and headquartered in Noida, India, SG Mart Limited operates as a prominent trader and processor of building materials, serving both domestic and international clientele. The company offers an extensive portfolio of downstream s...
SG Mart Ltd Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
72
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.80B | 63.15B | 58.56B | 26.83B | 15.59M | 374.00K |
| Gross Profit | 2.39B | 2.29B | 1.72B | 739.60M | 0.00 | 1.12M |
| EBITDA | 2.08B | 2.06B | 1.83B | 927.50M | -5.26M | -1.66M |
| Net Income | 1.24B | 1.11B | 1.03B | 609.40M | 1.97M | 3.01M |
Balance Sheet | ||||||
| Total Assets | 20.17B | 22.50B | 22.98B | 14.87B | 121.83M | 136.05M |
| Cash, Cash Equivalents and Short-Term Investments | 7.95B | 9.87B | 11.45B | 1.23B | 117.78M | 68.67M |
| Total Debt | 1.07B | 2.68B | 7.22B | 1.82B | 0.00 | 0.00 |
| Total Liabilities | 3.73B | 6.53B | 10.90B | 4.00B | 148.00K | 16.34M |
| Stockholders Equity | 16.43B | 15.97B | 12.08B | 10.87B | 121.68M | 119.71M |
Cash Flow | ||||||
| Free Cash Flow | 1.13B | 260.60M | -5.04B | -751.70M | 43.89M | 12.69M |
| Operating Cash Flow | 1.91B | 2.58B | -3.46B | 298.60M | 43.89M | 12.69M |
| Investing Cash Flow | -32.90M | 4.07B | -1.74B | -11.04B | 57.26M | -35.64M |
| Financing Cash Flow | -2.23B | -2.66B | 5.21B | 11.86B | 0.00 | -1.04M |
SG Mart Ltd Technical Analysis
Neutral
548.05
Price Trends
748.63
Negative
675.58
Positive
551.09
Positive
Market Momentum
-11.17
Positive
44.59
Neutral
61.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SGMART, the sentiment is Neutral. The current price of 548.05 is below the 20-day moving average (MA) of 762.21, below the 50-day MA of 748.63, and below the 200-day MA of 551.09, indicating a neutral trend. The MACD of -11.17 indicates Positive momentum. The RSI at 44.59 is Neutral, neither overbought nor oversold. The STOCH value of 61.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SGMART.
SG Mart Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹92.45B | 74.06 | ― | 0.01% | 9.84% | 2.64% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹9.60B | 21.84 | ― | 0.46% | 20.81% | -37.15% | |
45 Neutral | ₹87.78M | -1.49 | ― | 4.64% | ― | 30.18% | |
44 Neutral | ₹130.34M | 193.87 | ― | ― | 650.00% | ― | |
41 Neutral | ₹40.87M | -6.60 | ― | 0.41% | ― | -97.28% |
* General Sector Average
IN:SGMART
SG Mart Ltd
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99.97%
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IN:UNIVAFOODS
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SG Mart Ltd Corporate Events
Crisil Upgrades SG Mart to AA-/A1+ on Strong Group Support and Improving Financials
Sep 17, 2026
SG Mart Limited has received a significant upgrade in its bank loan credit ratings from Crisil, with long-term facilities raised to Crisil AA-/Stable and short-term facilities to Crisil A1+, and the previous ‘Watch Positive’ status rem...
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.