SG Mart Ltd (SGMART) AI Stock Analysis

SG Mart Ltd

(NSE:SGMART)

Select Model

Rating:77Outperform

Price Target:INR 976.00▲(11.05% Upside)

Action:reiterated

Date:10/30/26

Strong financial performance is the primary support, driven by exceptional growth, deleveraging, and cash-flow recovery. Positive technical momentum adds support, but the very high P/E ratio materially limits the overall score.

Positive Factors

Revenue and earnings growthFY2026 revenue growth of about 94%, alongside higher EBIT, EBITDA and net income, indicates meaningful operating expansion and improving earnings capacity. If maintained, this scale can support stronger profitability and reinvestment over the next several quarters.

Negative Factors

Volatile cash generationCash generation remains inconsistent despite reported earnings. The prior-year operating and free-cash-flow deficits, followed by only modest FY2026 free cash flow, indicate that profits have not yet translated reliably into distributable or reinvestable cash.

SG Mart Ltd (SGMART) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 107.96B
Dividend Yield: ―
Average Volume (3M): 35.43K
Price to Earnings (P/E): 71.1
Beta (1Y): 0.59
Revenue Growth: 9.49%
EPS Growth: 16.98%
Country: India
Employees: 156
Sector: General
Sector Strength: 55
Industry: Industrial - Distribution

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 stee...

SG Mart Ltd Financial Statement Overview

Summary

Strong revenue and profit growth, substantial debt reduction, equity expansion, and a major operating-cash-flow recovery support a high score. Thin margins and prior cash-flow volatility remain risks.

Income Statement

92Very Positive

Balance Sheet

88Very Positive

Cash Flow

75Positive

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2022
Income Statement
Total Revenue	64.80B	63.15B	58.56B	26.83B	374.00K	15.59M
Gross Profit	2.39B	2.29B	1.72B	739.60M	1.12M	0
EBITDA	2.08B	2.06B	1.83B	927.50M	-1.66M	-5.26M
Net Income	1.24B	1.11B	1.03B	609.40M	3.01M	1.97M
Balance Sheet
Total Assets	20.17B	22.50B	22.98B	14.87B	136.05M	121.83M
Cash, Cash Equivalents and Short-Term Investments	7.95B	9.87B	11.45B	1.23B	68.67M	117.78M
Total Debt	1.07B	2.68B	7.22B	1.82B	0	0
Total Liabilities	3.73B	6.53B	10.90B	4.00B	16.34M	148.00K
Stockholders Equity	16.43B	15.97B	12.08B	10.87B	119.71M	121.68M
Cash Flow
Free Cash Flow	1.13B	260.60M	-5.04B	-751.70M	12.69M	43.89M
Operating Cash Flow	1.91B	2.58B	-3.46B	298.60M	12.69M	43.89M
Investing Cash Flow	-32.90M	4.07B	-1.74B	-11.04B	-35.64M	57.26M
Financing Cash Flow	-2.23B	-2.66B	5.21B	11.86B	-1.04M	0

SG Mart Ltd Technical Analysis

Technical Analysis SentimentPositive

Last Price878.90

Price Trends

50DMA778.04Positive

100DMA718.21Positive

200DMA599.86Positive

Market Momentum

MACD25.27Negative

RSI69.86Neutral

STOCH73.08Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SGMART, the sentiment is Positive. The current price of 878.90 is above the 20-day moving average (MA) of 784.31, above the 50-day MA of 778.04, and above the 200-day MA of 599.86, indicating a bullish trend. The MACD of 25.27 indicates Negative momentum. The RSI at 69.86 is Neutral, neither overbought nor oversold. The STOCH value of 73.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SGMART.

SG Mart Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SGMART against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:SGMART	77Outperform	INR 107.89B	71.07	―	―	9.49%	16.98%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SALZERELEC	49Neutral	INR 8.25B	18.86	―	0.53%	20.81%	-37.15%
IN:JIYAECO	41Neutral	INR 2.13M	-10.00	―	―	―	-97.28%
IN:PREMIER	41Neutral	INR 82.92M	-1.39	―	―	―	30.18%
IN:UNIVAFOODS	37Underperform	INR 130.34M	193.87	―	―	650.00%	―

* General Sector Average

Performance Comparison

IN:SGMART and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SGMART	SG Mart Ltd	855.80	506.30	144.86%
IN:ITTL	Innovative Tyres & Tubes Ltd.	60.10	-101.33	-62.77%
IN:JIYAECO	Jiya Eco-Products Ltd.	20.02	-16.08	-44.54%
IN:PREMIER	Premier Limited	2.73	-0.83	-23.31%
IN:SALZERELEC	Salzer Electronics Limited	466.75	-298.34	-38.99%
IN:UNIVAFOODS	Univa Foods Limited	9.10	1.60	21.33%

SG Mart Ltd Corporate Events

SG Mart strengthens board with appointment of veteran auditor as independent director

Oct 10, 2026

SG Mart Limited has announced the appointment of Shri Jitendra Agarwal as an Additional Director in the capacity of Non-Executive Independent Director, effective October 10, 2026, for a five-year term subject to shareholder approval. The move, cleare...

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 remove...

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 30, 2026

SG Mart Ltd AI Stock Analysis