SGIL

Synergy Green Industries financials

Market cap
₹857 Cr
Sector
Capital Goods
Calls analysed
6
Latest concall · Q1 FY27 · call held 13 Aug 2026

Synergy Green Industries Limited Q1 FY27

Total Income ₹75.71 cr

What went well

  • Total income for Q1 FY27 was ₹75.71 crores.
  • Production increased by almost 10% compared to the first quarter of the previous financial year.
  • Achieved 66% capacity utilization for the expanded 45,000 tons per annum capacity in Q1 FY27.

What to watch

  • Q1 FY27 PBDIT margins stood at 7% (₹5.3 crores), impacted by raw material inflation (200 bps), consumable cost inflation (300 bps), and electricity policy revisions (100 bps).
  • Q1 revenue performance affected by lower dispatches, delays in customer material lifting, and prototype approvals.
Read the full call →

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 4 delivered 7 missed 9 open
  • Revenue Growth missed said Q4 FY25 Promised: 20% revenue growth supported by a robust order book. Q1 FY27: Historical promise, target period has passed.
  • PBDIT Margin at risk said Q3 FY26 Promised: Achieve PBDIT margins of 16-20% in FY27. Q1 FY27: Q1 PBDIT margin collapsed to 7.0% due to cost pressures. Management reiterated the full-year target of ~16.1% (300 bps expansion over FY26), but the weak start places the promise at significant risk.
  • Revenue on track said Q3 FY26 Promised: Achieve ₹500-700 crores in revenue for FY27. Q1 FY27: Reiterated ₹500 crore target for FY27 despite weak Q1 revenue of ₹75.71 Cr, citing production-to-sales conversion delays that are expected to normalize.

All 20 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 10.7%, net profit down 433.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue89 97 97 84 72 −19%92 −5%119 +23%75 −11%
EBITDA13 14 15 11 9 −29%8 −43%10 −33%5 −55%
Net profit4 6 4 3 2 −43%-1 −117%0 −100%-10 −433%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +4.1% 1Y

₹450₹500₹550₹600Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 11 Feb 2026Q4 FY26 — 19 May 2026Q1 FY27 — 13 Aug 2026

1Y: ₹568.8 on 10 Sept 2025 → ₹592.2. High ₹617.9 (10 Aug 2026), low ₹458.65 (11 Feb 2026).

How the price took the results

close before → close after

Q1 FY27
−10.2%
13 Aug
Q4 FY26
−2.7%
19 May
Q3 FY26
−15.5%
11 Feb
Q2 FY26
+4.5%
13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 8.2% a year over 3 years, FY23 to FY26. Operating margin widened to 10.4%.

Year endingFY23FY24FY25FY26
Revenue₹290 Cr₹326 Cr₹362 Cr₹367 Cr
Operating profit₹26 Cr₹39 Cr₹52 Cr₹38 Cr
Operating margin9.1%12.0%14.5%10.4%
Interest₹14 Cr₹13 Cr₹15 Cr₹22 Cr
Depreciation₹12 Cr₹12 Cr₹13 Cr₹20 Cr
Net profit₹1 Cr₹12 Cr₹17 Cr₹4 Cr
Net margin0.3%3.5%4.7%1.2%
Cash from operations₹26 Cr₹38 Cr₹-16 Cr₹19 Cr
Free cash flow₹16 Cr₹19 Cr₹-104 Cr₹-120 Cr
ROCE———9.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹16 Cr₹16 Cr
Reserves₹19 Cr₹20 Cr₹21 Cr₹33 Cr₹96 Cr₹96 Cr
Borrowings₹76 Cr₹82 Cr₹84 Cr₹80 Cr₹201 Cr₹250 Cr
Other liabilities₹66 Cr₹78 Cr₹63 Cr₹71 Cr₹91 Cr₹111 Cr
Total liabilities₹175 Cr₹194 Cr₹182 Cr₹198 Cr₹403 Cr₹473 Cr
Fixed assets₹63 Cr₹76 Cr₹69 Cr₹79 Cr₹106 Cr₹250 Cr
Capital work in progress₹3 Cr₹7 Cr₹11 Cr₹9 Cr₹89 Cr₹47 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹109 Cr₹111 Cr₹102 Cr₹111 Cr₹208 Cr₹176 Cr
Total assets₹175 Cr₹194 Cr₹182 Cr₹198 Cr₹403 Cr₹473 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +1.73 pp while the public trimmed −1.10 pp. The shareholder count shrank 21% to 10,203.

Promoters
69.5%
FIIs
0.2%
DIIs
1.7%
Public
28.5%
Others
0.1%

Since Jun 2025

  • DIIs +1.73 pp
  • Public −1.10 pp
  • FIIs −0.37 pp

How it drifted, 12 quarters

Over this window the public went from 20.2% to 28.5% — +8.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.0%, FIIs 4.6%, DIIs 1.3%, Public 20.2%.Dec '23: Promoters 74.0%, FIIs 3.2%, DIIs 0.8%, Public 22.0%.Mar '24: Promoters 74.0%, FIIs 2.6%, DIIs 0.8%, Public 22.6%.Jun '24: Promoters 74.0%, FIIs 2.9%, DIIs 0.8%, Public 22.4%.Sep '24: Promoters 74.0%, FIIs 0.2%, Public 25.8%.Dec '24: Promoters 69.8%, FIIs 0.3%, Public 30.0%.Mar '25: Promoters 69.8%, FIIs 0.2%, Public 30.0%.Jun '25: Promoters 69.8%, FIIs 0.6%, Public 29.6%.Sep '25: Promoters 69.4%, FIIs 0.4%, Public 30.2%.Dec '25: Promoters 69.5%, FIIs 0.3%, Public 30.3%.Mar '26: Promoters 69.5%, FIIs 0.2%, DIIs 1.5%, Public 28.7%, Others 0.1%.Jun '26: Promoters 69.5%, FIIs 0.2%, DIIs 1.7%, Public 28.5%, Others 0.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Synergy Green Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
S B Reshellers Private Limited 34.81%unchanged
Radhika Sanjeev Shirgaokar 9.85%unchanged
Vendavagali Srinivasa Reddy 8.97%unchanged
Sachin Rajendra Shirgaokar 5.02%unchanged
Aniruddha Narayan Malpani 1.89%unchanged
Solidarity Microcap Emerging Leader AIF AIF1.73%+0.22 pp
Anjali Aniruddha Malpani 1.57%+0.48 pp
D M Shirgaokar Enterprises Llp 1.42%unchanged
Shishir Suresh Shirgaokar 1.32%unchanged
Sohan Sanjeev Shirgaokar 1.18%unchanged
V S Shirgaokar Enterprises Llp 1.04%unchanged
Asha Anant Huilgol 0.90%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Synergy Green Industries Limited

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