Annual Report for the FY 2024-25
SGMART · price
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SG Mart Limited (formerly Kintech Renewables Limited), a B2B steel trading and construction materials platform, filed its Annual Report for FY 2024-25, its first full year of operations. Revenue from Operations stood at ₹58.6 billion, up 118% year-on-year, driven by all three main verticals: B2B Metal Trading (₹32.1 Bn, 55%), Network of Service Centres (₹20.0 Bn, 34%), and Downstream Distribution (₹6.4 Bn, 11%). EBITDA reached ₹1,031 Mn (up 67% YoY) and Profit After Tax was ₹1,034 Mn (up 70% YoY). The company sold over 1 million tonnes of steel, served 2,257 customers, and maintained a net cash position of ₹4.6 Bn with a debt-equity ratio of (0.4)x. The company also launched a new Renewable Structures vertical for solar module mounting structures and plans to invest ₹600 crore over the next two years while targeting a 4x EBITDA increase and maintaining zero-net-debt status.
Strong first-year results with triple-digit revenue growth and a net cash balance sheet should be viewed positively by shareholders. The aggressive forward targets (4x EBITDA, ₹600 crore investment, doubling FY26 performance) signal management confidence but warrant monitoring of execution and capex absorption.