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Employees: 377
Size SG Mart (SGMART.NS) is an India Utilities company (Electric Utilities) with a market value of $1.15B, the 556th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹859.15 on 6 Nov 2026.
Performance Over six months the shares gained 55.1%, against -13.4% for the median peer and 0.0% for the India market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 9.5% over the last twelve months (peer median +0.9%); the operating margin is 3.0% (peer median 12.0%).
Valuation It trades at 50.0× forward earnings against a peer median of 9.8× (most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +298%, so the hurdle is -268 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.1 points above its cost of capital (9.3% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹63.4B | ₹63.2B | ₹58.6B | ₹26.8B | ₹15.6M |
| Revenue growth | — | +8% | +118% | +172,013% | — |
| Gross profit | ₹2.64B | ₹1.81B | ₹1.52B | ₹685M | -₹1.04M |
| EBITDA | ₹2.04B | ₹1.38B | ₹1.11B | ₹618M | -₹5.26M |
| Net income | ₹1.52B | ₹1.11B | ₹1.03B | ₹609M | ₹1.97M |
| Free cash flow | n/a | ₹587M | -₹5.04B | -₹812M | ₹44.7M |
| Capital expenditure | n/a | ₹2.32B | ₹1.58B | ₹1.05B | ₹0 |
| Total debt | ₹527M | ₹2.68B | ₹7.22B | ₹1.82B | ₹0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SGMART.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.2% | -4.5% | highest of 21 |
| 6-month return | +55.1% | -13.4% | highest of 21 |
| Distance from 52-week high | -7.5% | -33.3% | 2nd highest of 21 |
| Revenue growth (TTM) | +9.5% | +0.9% | 7th highest of 21 |
| Operating margin | 3.0% | 12.0% | lowest of 21 |
| Forward P/E | 50.0× | 9.8× | most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 30.1% | 0.8% | most demanding of 16 |
| Growth delivered (Del g) | +298.2% | +8.2% | highest of 16 |
| Hurdle (Req g minus delivered) | -268.1 pp | -4.0 pp | least demanding of 16 |
| ROIC minus cost of capital | +4.1 pp | +0.2 pp | 7th highest of 21 |
| Net debt / EBITDA | -3.2× | 3.1× | least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SG Mart SGMART.NS | India | $1.15B | +55% | +9% | 3% | 50.0× | 30.1% | +298.2% |
| Kasumigaseki Capital 3498.T | Japan | $1.16B | +15% | +70% | 17% | 7.6× | n/a | n/a |
| CGN New Energy 1811.HK | Hong Kong | $1.16B | -23% | -12% | 26% | 6.2× | 4.2% | +8.2% |
| naturenergie NEAG.SW | Switzerland | $1.17B | -12% | -16% | 13% | 12.1× | -15.5% | +5.6% |
| Arendals Fossekompani AFK.OL | Norway | $1.11B | -2% | -7% | 11% | n/a | 14.4% | +3.6% |
| Hunan Energy Group Development 000722.SZ | China | $1.19B | -13% | +126% | 48% | n/a | 0.8% | +2.4% |
| Guizhou Qianyuan Power 002039.SZ | China | $1.19B | -8% | +14% | 45% | 19.5× | -10.1% | +4.4% |
| Unitil UTL | United States | $1.05B | +11% | +21% | 19% | 16.2× | n/a | n/a |
| Jiangxi Ganneng 000899.SZ | China | $1.26B | -31% | +24% | 13% | 7.4× | -4.4% | +22.6% |
| Electricite de Strasbourg ELEC.PA | France | $1.29B | -34% | -10% | 8% | n/a | -10.7% | +11.1% |
| Polenergia PEP.WA | Poland | $1.02B | +3% | -19% | 6% | 30.6× | 15.8% | +18.5% |
| Top Energy Co. Ltd. Shanxi 600780.SS | China | $1.02B | -13% | 0% | 5% | n/a | -15.1% | +10.2% |
| Jaiprakash Power Ventures JPPOWER.NS | India | $1.01B | -29% | +6% | 21% | n/a | 9.9% | +11.0% |
| Hokuriku Electric Power 9505.T | Japan | $1.34B | +16% | -5% | 7% | 7.6× | 8.4% | +3.7% |
| Hokkaido Electric Power Company,Incorporated 9509.T | Japan | $1.38B | +5% | -1% | 4% | 7.3× | n/a | n/a |
| Xinjiang Tianfu Energy 600509.SS | China | $1.40B | -16% | +9% | 7% | 14.7× | -4.3% | +11.5% |
| Jinneng Holding Shanxi Electric Power 000767.SZ | China | $1.40B | -20% | -6% | 6% | n/a | 2.5% | +5.6% |
| Guangxi Energy 600310.SS | China | $939M | -14% | +11% | 16% | 20.3× | 4.8% | -27.7% |
| Telecom Plus TEP.L | United Kingdom | $922M | -15% | +6% | 6% | 10.9× | -8.6% | +17.6% |
| China Datang Corp. Renewable Power 1798.HK | Hong Kong | $904M | -42% | -6% | 21% | 8.8× | n/a | n/a |
| Hawaiian Electric Industries HE | United States | $1.45B | -43% | +2% | 11% | 5.2× | n/a | n/a |