NSE: SAGARDEEP
SAGARDEEP ALLOYS LIMITED
Makes products from aluminium, copper and zinc, the basic industry under which it is classified on the exchanges. Raw materials account for 87% of revenue and the EBITDA margin runs at about 2.88%, pointing to a thin-margin metal conversion business where the underlying metal price is the dominant cost. The company is based in Ahmedabad, Gujarat, and led by promoter Satishkumar Asamal Mehta as Managing Director. FY26 consolidated revenue was Rs 178.57 crore, up about 42% year-on-year, with net profit of Rs 2.69 crore. Operating cash flow was negative in FY26 due to a build-up of inventories (from Rs. 167 lakh to Rs. 576 lakh standalone) and trade receivables. The filings pack does not break out separate revenue segments or name specific end-products, so the business appears concentrated within a single metals-product line. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Aluminium, copper and zinc products. Thin-margin, materials-heavy metal product conversion business
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 91 | 87 | 100 | 125 | 179 |
| EBITDA (ex other income) | 2 | 1 | 2 | 2 | 4 |
| margin % | 2.6 | 1.7 | 1.9 | 1.7 | 2.5 |
| Owners' profit | 0 | 0 | 1 | 2 | 3 |
| EPS, as reported (₹) | 0.31 | 0.34 | 0.44 | 1.17 | 3.16 |
| ROE % · ROCE % | — · — | 2.0 · 4.6 | 2.7 · 6.9 | 6.4 · 12.0 | 7.6 · 12.7 |
| Debt / equity (x) | — | 0.23 | 0.43 | 0.19 | 0.26 |
| Cash from operations | (0) | 3 | 2 | 4 | (2) |
| Capex | 0 | (0) | (1) | (0) | (3) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 35 | 27 | 32 | 35 | 34 | 39 | 70 | 57 |
| Profit before tax | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 1 |
| Net profit | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 1 |
| EPS (₹) | 0.20 | 0.18 | 0.65 | 0.21 | 0.25 | 0.19 | 1.86 | 0.45 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PRECISION WIRES INDIA LTD | 7,351 | 41.8 | 9.52 | — | 20.1 | 21.9 | — | — |
| KSH INTERNATIONAL LIMITED | 6,303 | 45.3 | 7.80 | — | 13.6 | 17.3 | — | 7.1 |
| VIDYA WIRES LIMITED | 1,853 | 28.0 | 3.86 | 19.8 | 12.0 | 15.6 | — | 4.6 |
| BEDMUTHA INDUST LTD | 352 | 21.0 | 2.32 | 7.3 | 4.3 | 1.6 | 30.4 | 3.9 |
| EURO PANEL PRODUCTS LTD | 323 | 12.6 | 2.02 | 8.4 | 16.6 | 19.2 | — | 10.9 |
| CUBEXTUBINGS-ROLLSETT | 296 | 39.3 | 3.56 | — | 8.9 | 10.8 | — | 4.9 |
| CENTURY EXTRUSIONS LTD | 142 | 11.4 | 1.71 | — | 13.2 | 16.9 | — | 7.8 |
| M TEK COPPER LIMITED | 137 | 21.3 | 2.72 | — | 10.6 | 14.0 | — | 3.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.7 | 24.7 | 1 of 10 | 100% |
| P/B | 1.3 | 2.5 | 1 of 10 | 100% |
| ROCE | 10.5 | 14.8 | 8 of 10 | 22% |
| ROE | 7.6 | 11.3 | 8 of 10 | 22% |
| Debt / Equity | 0.3 | 0.5 | 4 of 10 | 67% |
| EBITDA margin | 2.5 | 4.6 | 9 of 9 | 0% |
| Revenue growth | 61.5 | 60.4 | 3 of 7 | 67% |
| Profit growth | 118.3 | 89.0 | 3 of 6 | 60% |
| Market cap | 45 | 310 | 10 of 10 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Quarterly dematerisation confirmation certificate submitted to NSE | compliance | minimal | — | — |
| 1 Oct 2026 · 19th AGM held, voting results declared - all 5 resolutions passed | board shareholder meetings | low | — | — |
| 1 Oct 2026 · Trading Window closed pending Q2 FY26 results announcement | compliance | minimal | — | — |
| 8 Sept 2026 · AGM notice and voting details published in newspapers | compliance | minimal | — | — |
| 7 Sept 2026 · Annual Report FY25-26 and AGM notice link shared | compliance | minimal | — | — |
| 7 Sept 2026 · Book closure Sep 24 to Sep 30, 2026 for 19th AGM | board shareholder meetings | low | — | — |
| 7 Sept 2026 · 19th AGM notice on Sep 30, 2026; auditor appointments on agenda | board shareholder meetings | low | — | — |
| 21 Aug 2026 · CFO Mr. Shashvat Arvindbhai Shah resigns effective 25 Aug 2026 | management changes | high | — | — |
| 20 Aug 2026 · CFO Shashwat Shah resigns; new Secretarial and Cost Auditors appointed | management changes | medium | — | — |
| 12 Aug 2026 · Newspaper publication of Q1 un-audited financial results | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.