Synergy Green Industries Limited has informed the Exchange about Transcript
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Synergy Green Industries held its Q4 FY2026 earnings call on May 19, 2026. The company, a leading foundry producing wind turbine and gearbox castings, reported FY26 total income of Rs 376 crores with PBDIT margin of 13.1%. Management guided for FY27 revenue of Rs 500-530 crores (33% growth) and PBDIT margin expansion of over 300 basis points to ~16-16.5%. Key growth drivers include expanded foundry capacity (45,000 MTPA from 30,000), new machining facilities (20,000 MTPA), and new customers including Nordex, Vestas, L&T, and BHEL. Management flagged headwinds from commodity price inflation due to West Asia tensions (20% rise in commodity costs) with a 1-quarter lag in price pass-through. Current debt stands at ~Rs 165 crores, expected to peak at Rs 175-180 crores by FY27 year-end before declining as EBITDA grows.
The company is in a high-investment phase with expanding capacity and adding customers, which is temporarily compressing margins. However, the 33% revenue growth guidance and 300 bps margin expansion target for FY27 suggest a strong recovery trajectory. The order book visibility appears healthy, but execution risks exist during the capacity ramp-up period.