Q1 2026 SG Mart Ltd Earnings Call Transcript

Jul 28, 2025 / 07:30 AM GMT

Transcript

Key Points

Positve

SG Mart Ltd (BOM:512329) has successfully established four business verticals, including B2B metal trading, service centers, distribution, and renewable business, which have contributed to its growth.
The company has onboarded 2,313 customers and 246 suppliers, strengthening its marketplace network.
Despite a decline in revenue, SG Mart Ltd (BOM:512329) managed to increase its EBITDA margins to over 3% by focusing on value-added processing.
The renewable business has started strong, with a current order book of around ₹285 crore, expected to generate significant revenue in the coming months.
SG Mart Ltd (BOM:512329) maintains a robust balance sheet with a working capital cycle reduced to 15 days and a cash reserve of nearly ₹1,000 crore, supporting future expansion plans.

Negative

The company faced a significant decline in B2B trading volume due to poor steel availability in India, impacting overall business performance.
There is a consistent reduction in promoter holdings, raising concerns among investors about management's commitment.
SG Mart Ltd (BOM:512329) has missed its aggressive guidance targets in the past, leading to skepticism about future projections.
The finance cost has increased, affecting PAT growth, which may not align with EBITDA growth as previously anticipated.
The company is heavily reliant on steel, with 95% of its business coming from this sector, making it vulnerable to fluctuations in steel supply and prices.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SGMA.BO - SG Mart Ltd
Q1 2026 SG Mart Ltd Earnings Call
Jul 28, 2025 / 07:30AM GMT

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Conference Call Participants
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* Kumar Saumya
Ambit Private Limited - Analyst

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Presentation
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Operator [1]
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Ladies and gentlemen, good day and welcome to the SG Mart Limited Q1F 526 earnings conference call hosted by Amit Capital Private Limited.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call. Please signal an operator by pressing then 0 on your touchstone phone. Please note that this conference has been recorded. I now hand the conference over to Mr. Kumar Samya.

Thank you and over to you, sir.

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