BSE: 531812
SGN TELECOMS LTD.
Manufactures power cables, XLPE cables, control cables, data cables, and AAAC/AAC/ACSR conductors from a facility in Mohali, Punjab. The business has historically sold these to electricity utilities, infrastructure contractors and telecom users. Operations appear to have wound down mid-year — FY26 brought zero revenue from operations, with H1 FY26 revenue (through September 2025) at Rs 73.60 lakhs versus Rs 139.60 lakhs in H1 FY25, and Q2 FY26 alone at Rs 18.13 lakhs against Rs 39.60 lakhs a year earlier. FY26 total income of Rs 15.09 lakhs came entirely from 'other income' rather than cable sales, against total expenses of Rs 38.82 lakhs, driving a net loss of Rs 23.73 lakhs (wider than the Rs 19.03 lakh loss in FY25). The balance sheet is heavily eroded: equity has fallen to Rs 8.06 lakhs against negative reserves and surplus of Rs 800.04 lakhs. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Cable and conductor manufacturing. Small, loss-making cable and conductor manufacturer whose core operations have effectively ceased
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (1) | (0) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | (0) | (0) | (1) | (0) | (0) |
| EPS, as reported (₹) | (0.02) | (0.02) | (0.08) | (0.02) | (0.02) |
| ROE % · ROCE % | (15.3) · (5.4) | (13.8) · (4.3) | (122.5) · (19.8) | (59.8) · (5.7) | (294.4) · (7.2) |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Cash from operations | (0) | (0) | (0) | 0 | (0) |
| Capex | (0) | 0 | 0 | 0 | 0 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (0) |
| Net profit | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (0) |
| EPS (₹) | (0.01) | (0.00) | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | (0.01) |
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. % |
|---|---|---|---|---|---|---|---|---|
| WAAREE ENERGIES LIMITED | 64,618 | 16.9 | 4.30 | 10.5 | 25.9 | 29.0 | — | 20.3 |
| APAR INDUSTRIES LTD. | 61,818 | 52.3 | 11.46 | 32.5 | 18.1 | 21.9 | 29.1 | 12.0 |
| PREMIER ENERGIES LIMITED | 38,368 | 22.7 | 8.90 | 15.7 | 35.0 | 25.7 | — | 30.8 |
| MTAR TECHNOLOGIES LIMITED | 21,476 | 160.9 | 26.11 | 114.7 | 11.4 | 12.4 | 28.9 | 25.8 |
| DIAMOND POWER INFRA LTD | 17,071 | 86.8 | — | 84.5 | (26.2) | 8.6 | — | 12.3 |
| EMMVEE PHOTOVOLTAIC PWR L | 16,879 | 12.7 | 4.57 | 9.4 | 29.3 | 31.2 | — | 36.3 |
| AVALON TECHNOLOGIES LTD | 13,663 | 102.2 | 18.93 | 68.1 | 15.6 | 20.0 | — | 12.5 |
| GENUS POWER INFRASTRU LTD | 8,270 | 11.5 | 3.73 | 10.5 | 26.7 | 22.7 | 50.8 | 22.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 57.1 | 3.3 | 49 of 49 | 0% |
| ROCE | (7.4) | 12.4 | 53 of 55 | 4% |
| ROE | (294.4) | 12.4 | 49 of 50 | 2% |
| Debt / Equity | 0.0 | 0.3 | 1 of 50 | 94% |
| Profit growth | 25.9 | 37.7 | 24 of 45 | 48% |
| Market cap | 5 | 591 | 55 of 56 | 2% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 21 Oct 2026 · Confirmation certificate under SEBI Reg 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · SGN Telecoms 40th AGM: both resolutions passed with 78% in favor | board shareholder meetings | low | — | — |
| 29 Sept 2026 · 40th AGM held; FY26 financials adopted, MD reappointed | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Trading Window Closure for Q2 FY26 Results | compliance | minimal | — | — |
| 5 Sept 2026 · Annual Report FY26 and 40th AGM notice submitted | compliance | low | — | — |
| 5 Sept 2026 · SGN Telecoms files FY26 Annual Report; 40th AGM on September 29, 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · Notice of 40th Annual General Meeting on 29 September 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Book Closure for 40th AGM from Sep 23 to Sep 29, 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · SGN Telecoms 40th AGM on 29 September 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Board approves FY26 report, fixes 40th AGM on Sept 29, 2026 | board shareholder meetings | low | — | — |
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.