Sg Mart Ltd · NSE:SGMART
Sg Mart — Q3 FY2026 Earnings Presentation
28 slides from Sg Mart's earnings presentation, Jan 23, 2026
Slide 1: Exchange filing cover letter
January 23, 2026 To, The Listing Department Department of Corporate Services/Listing National Stock Exchange of India Limited BSE Limited “Exchange Plaza” Bandra-Kurla Complex, Phiroze Jeejeebhoy Tower, Dalal Street, Fort, Bandra (E), Mumbai-400051 Mumbai-400001 NSE Symbol : SGMART Scrip Code: 51232
Slide 2: A B2B marketplace for construction materials
A B2B marketplace for construction materials INVESTOR PRESENTATION | JANUARY 2026
Slide 3: India is on the rise
India is on the rise THE INDIAN ECONOMY IS MARCHING INDIA’S MANUFACTURING SECTOR – TOWARDS THE US$10 TRILLION MARK POISED FOR EXPLOSIVE GROWTH INDIA’S ECONOMY (US$ Tn) SHARE OF INDUSTRY IN GDP 10 31% 4.18 17% FY25 FY32 FY25 FY35 o India to add $1Tn to its GDP every 18 months over the next o India's
Slide 4: The dichotomy
The dichotomy STEEL PRODUCTION WILL RISE THE MARKET PLACE IS NOT KEEPING PACE o Indian B2B Market is $2Tn, growing 8.5%YoY STEEL (Mn Tons) o However, the Market Place is fragmented o Organised players represent a very small share of this large market o This is unlike the Industrialized nations where
Slide 5: SG Mart – an emerging trading hub
SG Mart – an emerging trading hub o Operates and manages a one-of-a-kind building products market platform specializing in steel & construction materials o Acts as a bridge between Construction / Automotive equipment / White Goods / Farm equipment players / Solar EPCs / Fabrication companies etc. an
Slide 6: SG Mart - B2B marketplace
SG Mart - B2B marketplace SG Mart –B2B Marketplace Steel Construction and other Building Materials Manufacturers Warehouse Dealers/ Traders/Wholesalers/ Contractors/Developers 1 2 3 4 Provides a platform to Delivering products of Caters to traders, No minimum purchase manufacturers across the countr
Slide 7: Solutions to challenges faced by the industry
SG Mart – solutions to challenges faced by the industry Industry issues Our value proposition 1. Fragmented supplier base 1. One stop solution for all construction needs 2. Limited vertical integration between different 2. Serving both upstream and downstream stages of material transformation and it
Slide 8: SG Mart - Business Verticals & Products
SG Mart - Business Verticals & Products Network of service centres B2B Metal Trading Cut to Length Sheets Hot Rolled Coils Chequered Sheets Slitted Sheets Stock & Sell 7 operational 6,500+ SKUS 2,340 438 service centres registered customers registered vendors SG Mart Market Platform Renewables & Str
Slide 9: Industry Gaps & Our Right to Win
Industry Gaps & Our Right to Win Network of Service Centres B2B Metal Trading Gap Right to Win Gap Right to Win No organized steel processing centers Availability of funds to open a vast network No large distributors currently associated Group’s strong relationships with steel of organized s
Slide 10: Our Leadership
Our Leadership Mr. Amit Thakur Mr. Suraj Kumar Mr. Archit Arora Ms. Anamika Gulati Executive Director, Chief Financial Officer Leader - Service Center & Leader – Renewables Business Leader - B2B Metal Trading Distribution Business A B2B marketplace for construction materials Investor presentation |
Slide 11: Financial Performance - Segment Wise
Financial Performance - Segment Wise Financial Year FY24 FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Revenue Volume Revenue Volume Revenue Volume Revenue Volume Revenue Volume Revenue Volume Business Vertical (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k
Slide 12: B2B Metal Trading
B2B Metal Trading Key Highlights 1. Market Opportunity (Annual) – Flat Steel 25Mn Tons (Rs. 1.25Tn) 2. FY25 Volume 632k Tons Primary SG Mart SG Mart metal producers B2B customers 3. Q3FY26 Volume 126k Tons Bulk buying Bulk selling 4. Target EBITDA 2%-3% 5. No. of customers served 50 JSW Steel Distri
Slide 13: Network of Service Centres
Network of Service Centres Key Highlights Market Opportunity (Annual) 1. Stock & Sell 7Mn Tons (Rs. 364Bn) Dubai Sheet Processing 6Mn Tons (Rs. 312Bn) Mandi Monthly capacity per service centre 2. Metro cities 8,000 Tons Dujana Non-metro cities 5,000 Tons Jaipur 3. FY25 Volume 386k Tons Patna
Slide 14: Network of Service Centres (Continued)
Network of Service Centres (Continued) CTL Machine at Dubai CTL Machine at Raipur Embossing Machine at Dujana A B2B marketplace for construction materials Investor presentation | January 2026 13
Slide 15: Network of Service Centres (Continued)
Network of Service Centres (Continued) Current Monthly capacity (Tons) Ghaziabad - Bangalore - Raipur - Rented – Rented – Capacities Pune - West Dubai - UAE Total North South Central Indore Ahmedabad Cut-To-Length 6,500 10,000 6,000 12,000 6,000 3,000 6,000 49,500 Chequered 2,500 2,500 2,500 2,000 -
Slide 16: Renewables & Structures
Renewables & Structures Operational Upcoming Solar Structures - Solar Structures - Racking Structures Z / C Purlins Cable Trays Puff Panels Utility Residential Modular construction demand PEB & warehouse growth Data centers & infra projects Energy-efficient Insulation | Industrial solar mounting Res
Slide 17: Renewables & Structures (Continued)
Renewables & Structures (Continued) Raw steel is processed to Solar profiling manufacture ground mounting machine at Dujana structures Ground-mounted solar modules Raw Material supported by structures A B2B marketplace for construction materials Investor presentation | January 2026 16
Slide 18: Downstream Distribution Products
Downstream Distribution Products Bar MS Angle Channel Key Highlights Distribution Products 1 Market Opportunity - Annual Light Structurals - 800k Tons (Rs. 40Bn) 2 FY25 Revenue Rs. 3,801Mn 3 Q3FY26 Revenue Rs 1,811Mn 4 Target EBITDA 2.0% - 2.5% 5 Target Customer Industry Construction sector 6 No. of
Slide 19: At a Glance – Q3FY26
At a Glance – Q3FY26 Rs.16.4Bn Rs.167 Mn 1.0% Rs.107 Mn 0.7% Rs.145 Mn Revenue Business EBITDA Business EBITDA Margin Net Profit Net Profit Margin Cash profit 23% YoY increase 40% YoY decrease 108 bps YoY decrease 62% YoY decrease 145 bps YoY decrease 49% YoY decrease 4% QoQ decrease 40% QoQ decreas
Slide 20: At a Glance – 9MFY26
At a Glance – 9MFY26 Rs.44.9Bn Rs.806 Mn 1.8% Rs.696 Mn 1.5% Rs.774 Mn Revenue Business EBITDA Business EBITDA Margin Net Profit Net Profit Margin Cash profit 5% YoY increase 19% YoY increase 21 bps YoY increase 1% YoY decrease 10 bps YoY decrease 9% YoY increase 27 days 12% 7% Rs. 7.4Bn 2,340 438 *
Slide 21: Growing strength-to-strength
Growing strength-to-strength *Revenue (Rs. Mn) ^Business EBITDA (Rs. Mn) 17,042 16,444 15,950 388 359 13,347 11,438 279 280 167 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 PAT (Rs. Mn) No. of registered customers No. of registered suppliers 438 402 331 323 2340 2,328 280 2,
Slide 22: Growing strength-to-strength (Continued)
Growing strength-to-strength (Continued) Operating Cash Flow (Rs. Bn) Net Cash (Rs. Bn) 9.4 1.6 7.4 0.3 4.6 (2.9) FY24 FY25 9MFY26 FY24 FY25 9MFY26 ROCE (%) NWC days 43 30 27 22 12 5 FY24 FY25 9MFY26 FY24 FY25 9MFY26 FY24 & FY25 9MFY26 A B2B marketplace for construction materials Investor presentati
Slide 23: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. Mn)% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 9MFY26 9MFY25 FY25 # Net Revenue 13,347 15,950 11,438 17,042 16,444 44,924 42,611 58,562 Raw Material Costs 12,955 15,341 10,887 16,533 16,062 43,482 41,495 56,835 Employee Costs 44 55 67 81 84 233 120 175 Other expense
Slide 24: Provisional Balance Sheet & Cash flow – 9MFY26
Provisional Balance Sheet & Cash flow – 9MFY26 Balance Sheet - Assets (Rs. Mn) 9MFY26 FY25 Cashflow Statement (Rs. Mn) 9MFY26 FY25 Cash & Bank Balance 8,760 11,448 EBITDA 806 1,031 Receivables 3,026 3,167 Change in Accounts receivables 141 (2,304) Inventories 3,058 2,535 Change in Inventory (523) (1
Slide 25: Cash Flow Bridge
Cash Flow Bridge (Rs. Mn) Note 1: Increase in capital is due to conversion of warrants A B2B marketplace for construction materials Investor presentation | J a n u a r y 2026 24
Slide 26: Thank You
THANK YOU For further information, please contact: Suraj Kumar - Chief Financial Officer Naman Rastogi – GM Strategy SG Mart Limited T: +91 9205909028 E: namanrastogi@sgmart.co.in
Slide 27: Q3FY26 Result Highlights
Q3FY26 Result Highlights SG Mart Ltd. announces Q3FY26 Results Noida, January 23, 2026 – SG Mart, a growing B2B construction materials marketplace, today announced its financial and operational performance for quarter ending December 31, 2025. The company reported a net revenue Rs. 16.4 billion, (re
Slide 28: Executive Director comments on Q3FY26 results
Mr. Amit Thakur, Executive Director, SG Mart, comments on Q3FY26 results “Q3FY26 was a challenging quarter due to pressure on steel prices and lack of demand in downstream steel products in October and November. However, these pressures are largely transient. With steel prices showing signs of recov