Sg Mart Ltd · NSE:SGMART
Sg Mart — Q2 FY2026 Earnings Presentation
28 slides from Sg Mart's earnings presentation, Oct 31, 2025
Slide 1: Exchange filing cover letter
October 30, 2025 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 | OCTOBER 2025
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 STEEL (Mn Tons) o Indian B2B Market is $2Tn, growing 8.5%YoY 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: SG Mart – 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 Steel Billets Slitted Sheets Zinc Ingots Stock & Sell 7 operational 6,000+ SKUS 2,328 402 service centres registered customers registered vendors SG Mart Market
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 No steel pro
Slide 10: Our Leadership
Our Leadership Mr. Amit Thakur Mr. Suraj Kumar Ms. Anamika Gulati Mr. Archit Arora Mr. Shailendra Arora Executive Director, Chief Financial Officer Senior GM - Sales & VP - Sales & Marketing AVP- Sales & Marketing, Leader - B2B Metal Trading Marketing Leader - Service Center & Leader - TMT Leader -
Slide 11: Financial Performance - Segment Wise
Financial Performance - Segment Wise Financial Year FY24 FY25 Q4FY25 Q1FY26 Q2FY26 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) B2B Metal Trading 17,550 322 32,10
Slide 12: B2B Metal Trading
B2B Metal Trading Key Highlights Market Opportunity (Annual) Flat Steel (Addressable Market) 25Mn Tons (Rs. 1.25Tn) 1. Primary SG Mart SG Mart Steel Billets 10Mn Tons (Rs. 400Bn) metal producers B2B customers Zinc Ingots 10,000 Tons (Rs. 2.4Bn) Bulk buying Bulk selling 2. FY25 Volume 632k Tons
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) Monthly capacity per service centre 2. Metro cities 8,000 Tons Dujana Non-metro cities 5,000 Tons Siliguri Jaipur Kanpur 3. FY25 Volume 386k
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 | October 2025 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: 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 Q2FY26 Revenue Rs 2,825Mn 4 Target EBITDA 2.0% - 2.5% 5 Target Customer Industry Construction sector 6 No. of
Slide 17: Renewable Structures
Renewable Structures Dujana Ahmedabad Raipur Key Highlights 1. Market Opportunity (India) - Annual 800k Tons (Rs. 52Bn) Pune 2. Export Potential - Annual 100k Tons (Rs. 6.5Bn) 3. Targeted Monthly capacity by H2FY26 15,000 Tons Bangalore 4. Latest Order book Rs. 260 Cr 5. Target EBITDA 2%-4% Operatio
Slide 18: Renewable Structures (Continued)
Renewable 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 | October 2025 17
Slide 19: At a Glance – Q2FY26
At a Glance – Q2FY26 Rs.17.0Bn Rs.280 Mn 1.6% Rs.265 Mn 1.6% Rs.289 Mn Revenue Business EBITDA Business EBITDA Margin Net Profit Net Profit Margin Cash profit 5% YoY decrease 87% YoY increase 81 bps YoY increase 66% YoY increase 67 bps YoY increase 78% YoY increase 49% QoQ increase 22% QoQ decrease
Slide 20: At a Glance – H1FY26
At a Glance – H1FY26 Rs.28.5Bn Rs.639 Mn 2.2% Rs.588 Mn 2.1% Rs.629 Mn Revenue Business EBITDA Business EBITDA Margin Net Profit Net Profit Margin Cash profit 3% YoY decrease 61% YoY increase 89 bps YoY increase 39% YoY increase 62 bps YoY increase 47% YoY increase 22 days 16% 9% Rs. 8.5Bn 2,328 402
Slide 21: Growing strength-to-strength
Growing strength-to-strength *Revenue (Rs. Mn) ^Business EBITDA (Rs. Mn) 17,928 388 17,042 15,950 359 13,347 279 280 11,438 149 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 PAT (Rs. Mn) No. of registered customers No. of registered suppliers 2,257 2,312 2,328 331 402 323 2,1
Slide 22: Growing strength-to-strength (Continued)
Growing strength-to-strength (Continued) Operating Cash Flow (Rs. Bn) Net Cash (Rs. Bn) 9.4 2.2 8.5 0.3 4.6 (2.9) FY24 FY25 H1FY26 FY24 FY25 H1FY26 ROCE (%) NWC days 43 30 22 22 16 5 FY24 FY25 H1FY26 FY24 FY25 H1FY26 FY24 & FY25 H1FY26 A B2B marketplace for construction materials Investor presentati
Slide 23: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. Mn)% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 H1FY26 H1FY25 FY25 # # Net Revenue 17,928 13,347 15,950 11,438 17,042 28,480 #29,264 58,562 Raw Material Costs 17,621 12,955 15,341 10,887 16,533 27,420 28,540 56,835 Employee Costs 42 44 55 67 81 148 76 175 Other expen
Slide 24: Balance Sheet & Cash flow – H1FY26
Balance Sheet & Cash flow – H1FY26 Balance Sheet - Assets (Rs. Mn) H1FY26 FY25 Cashflow Statement (Rs. Mn) H1FY26 FY25 Cash & Bank Balance 10,840 11,448 EBITDA 639 1,031 Receivables 3,322 3,167 Change in Accounts receivables (155) -2,304 Inventories 4,137 2,535 Change in Inventory (1,602) -1,823 Oth
Slide 25: Cash Flow Bridge (Rs. Mn)
Cash Flow Bridge (Rs. Mn) Note 1: Increase in capital is due to conversion of warrants A B2B marketplace for construction materials Investor presentation | October 2025 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: Q2FY26 Result Highlights
Q2FY26 Result Highlights SG Mart Ltd. announces Q2FY26 Results Noida, October 30, 2025 – SG Mart, a rapidly growing B2B construction materials marketplace, today announced its financial and operational performance for quarter ending September 30, 2025. The company reported a net revenue Rs. 17.0 bil
Slide 28: Mr. Amit Thakur comments on Q2FY26 results
Mr. Amit Thakur, Executive Director, SG Mart, comments on Q2FY26 results “We are pleased to report that our team has delivered strong sequential growth in Q2FY26, with revenue increasing over the previous quarter. This reflects improved traction across our core steel-trading business, downstream ste