SG Mart Limited — Investor Meet, 07-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

SG Mart's 4QFY26 earnings call highlighted a strong finish to the year, with Q4 revenue exceeding INR1,800 Cr and EBITDA at INR56 Cr, despite challenging market conditions. Full-year EBITDA grew 35% to INR137 Cr, with ROCE at 15% (annualizing Q4 suggests ~25%). Working capital was reduced to 20 days, driving INR300 Cr operating cash flow that funded INR250 Cr capex, resulting in INR750 Cr net cash. The company sees future growth driven by four streamlined verticals: B2B sales, service centers, renewable structures, and steel profiles, with a confident outlook for FY27 EBITDA in the INR300-350 Cr range, barring unforeseen geopolitical impacts.