Synergy Green IND. Ltd
NSE: SGIL · Castings & Forgings · sector
₹564.95NSE close 2026-10-26
Key numbers
Market cap₹878 cr
Price₹564.95
52w high / low₹698 / ₹420
P/E–Sector median 25.0x
P/B7.9xSector median 3.1x
Book value₹71.5
Dividend yield0.30%Sector median 0.48%
ROE-8.1%Sector median 13.4%
ROCE4.2%Sector median 15.8%
OPM9.0%Sector median 17.0%
Debt / equity2.25xSector median 0.15x
EV/EBITDA34.8xSector median 16.8x
Interest cover0.7x
Current ratio0.85x
Sales growth 3y+8.1%Sector median +3.4%
Profit growth 3y+75.1%Sector median +19.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 23 companies in Castings & Forgings (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹12 cr vs borrowings ₹250 cr (FY26): borrowings are higher by ₹238 cr.
- Operating profit covered interest 0.7x in the last 12 months.
- Operating cash flow was below net profit in 1 of the last 5 years (FY25).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Debtor days went from 38 (FY24) to 65 (FY26).
- Dividend paid in 1 of the last 5 financial years.
- Price ₹564.95 on 2026-10-26: -19.1% from the 52-week high, +34.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹646.60 · low ₹358.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 89 | 97 | 97 | 84 | 72 | 92 | 119 | 75 |
| EBITDA | 13 | 14 | 15 | 11 | 9 | 8 | 10 | 5 |
| OPM % | 14.8% | 14.3% | 15.3% | 13.6% | 13.0% | 8.3% | 8.8% | 6.3% |
| Other income | 0 | 1 | 0 | 2 | 2 | 1 | 4 | 1 |
| Net profit | 4 | 6 | 4 | 3 | 2 | -1 | 0 | -10 |
| EPS (₹) | 2.94 | 3.84 | 2.53 | 2.17 | 1.52 | -0.96 | 0.26 | -6.51 |
| Revenue YoY | -19.0% | -5.5% | +22.1% | -10.1% | ||||
| Profit YoY | -43.3% | -125.0% | -89.3% | -399.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 284 | 290 | 326 | 362 | 366 | 358 |
| EBITDA | 24 | 26 | 39 | 52 | 39 | 32 |
| Net profit | 1 | 1 | 12 | 17 | 5 | -9 |
| EPS (₹) | 1.01 | 0.61 | 8.18 | 11.14 | 3.00 | -5.69 |
| Revenue growth | +2.1% | +12.6% | +11.0% | +1.1% | -2.5% | |
| Profit growth | -39.2% | +1,228.7% | +46.1% | -72.4% | -151.0% | |
| Dividend / share (₹) | – | – | – | – | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +8.1% | – | -2.5% |
| Net profit | +75.1% | – | -151.0% |
| EPS | +70.1% | – | – |
| Share price | – | +23.4% (2y) | +3.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 35 | 47 | 108 | 111 |
| Borrowings | – | 84 | 80 | 156 | 250 |
| Cash & equivalents | – | 6 | 10 | 55 | 12 |
| Total assets | – | 182 | 198 | 342 | 473 |
| Fixed assets | – | 69 | 78 | 97 | 247 |
| Capital work in progress | – | 11 | 9 | 34 | 47 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 22 | 34 | 57 | 65 |
| Inventory | – | 63 | 56 | 53 | 63 |
| Payables | – | 52 | 54 | 60 | 71 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 28 | 26 | 38 | -16 | 19 |
| Cash from investing | -25 | -14 | -19 | -87 | -94 |
| Cash from financing | -5 | -12 | -15 | 101 | 74 |
| Capex | 26 | 10 | 19 | 83 | 138 |
| Free cash flow | 2 | 15 | 18 | -99 | -119 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 2.5% | 24.8% | 15.7% | 4.2% |
| ROCE % | – | 12.4% | 22.9% | 15.4% | 7.8% |
| Debtor days | – | 28 | 38 | 57 | 65 |
| Inventory days | – | 184 | 151 | 136 | 161 |
| Payable days | – | 151 | 144 | 153 | 182 |
| Cash conversion cycle (days) | – | 61 | 45 | 40 | 44 |
| Working capital days | – | 1 | -11 | 5 | -31 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 69.55% |
| FIIs | 0.21% |
| DIIs | 1.86% |
| Public (non-institutions) | 28.33% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 69.77% | 69.81% | 69.84% | 69.39% | 69.45% | 69.50% | 69.50% | 69.55% |
| Promoter group | % |
|---|---|
| S B Reshellers Private Limited | 34.81% |
| Radhika Sanjeev Shirgaokar | 9.85% |
| Vendavagali Srinivasa Reddy | 8.97% |
| Sachin Rajendra Shirgaokar | 5.02% |
| D M Shirgaokar Enterprises Llp | 1.42% |
| Shishir Suresh Shirgaokar | 1.32% |
| Sohan Sanjeev Shirgaokar | 1.18% |
| V S Shirgaokar Enterprises Llp | 1.04% |
| Asha Anant Huilgol | 0.90% |
| Shirgaokar Prafulla Vinayak | 0.86% |
| Suresh Shirgaokar Enterprises Llp | 0.80% |
| Tarini Sanat Shirgaokar | 0.56% |
| Laxmi Sachin Shirgaokar | 0.42% |
| Chandan Sanjeev Shirgaokar . | 0.39% |
| Prafulla Shirgaokar Enterprises Llp | 0.28% |
| Public holders above 1% | % |
|---|---|
| Aniruddha Narayan Malpani | 2.15% |
| Solidarity Micro Cap Emerging Leader Aif | 1.86% |
| Anjali Aniruddha Malpani | 1.69% |
9,948 shareholders. Pledged: – of promoter shares.
Peers in Castings & Forgings
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PTCIL | ₹34,768 cr | 276.8x | 23.1x | 8.7% | 9.3% | 24.6% | – | – |
| AIAENG | ₹33,394 cr | 26.4x | 4.2x | 16.9% | 20.1% | 27.6% | -3.4% | 0.41% |
| HAPPYFORGE | ₹16,596 cr | 50.6x | 7.8x | 16.5% | 18.2% | 31.1% | – | 0.17% |
| BALUFORGE | ₹5,154 cr | 17.4x | 3.2x | 20.2% | 19.5% | 26.6% | – | 0.03% |
| STEELCAS | ₹3,372 cr | 37.2x | 8.5x | 25.2% | 30.9% | 26.9% | -3.9% | 0.52% |
| AMIC | ₹2,253 cr | 78.3x | 14.3x | 22.9% | 25.5% | 30.2% | – | – |
| INVPRECQ | ₹1,314 cr | 90.1x | 12.8x | 15.0% | 15.8% | 17.8% | +3.5% | 0.04% |
| NELCAST | ₹1,053 cr | 25.6x | 1.8x | 7.1% | 9.9% | 7.3% | +1.7% | 0.41% |
| SGIL | ₹878 cr | – | 7.9x | -8.1% | 4.2% | 9.0% | +8.1% | 0.30% |
| NEETUYOSHI | ₹840 cr | 31.3x | 6.1x | 27.5% | 22.5% | 31.1% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-09-17 | Dividend | Dividend - Re 1 Per Share |
| 2024-09-11 | Rights | Rights 1:10 @ Premium Rs 315/- |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Castings & Forgings |
| Sub-industry | Castings & Forgings |
| Symbol | SGIL |
| BSE code | 541929 |
| ISIN | INE00QT01015 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.