Bollywood star Akshay Kumar-endorsed company, SG Mart has recorded a stellar performance by surpassing revenue of Rs 2,600 crore in FY24. Furthermore, the company is aiming to touch a massive Rs 18,000 crore revenue by FY27. This announcement comes after recently the company rewarded its shareholders with huge bonus shares and a 1:10 stock split.
The Khiladi of Bollywood, Akshay Kumar is the brand ambassador of SG Mart's products.
SG Mart Earnings, Outlook:
In its regulatory filing, SG Mart announced that it surpassed Rs 2,600 crore in revenue in FY24. With a strategic blend of cutting-edge products and a customer-centric approach, SG Mart has quickly gained traction in the market, surpassing all expectations and setting a new standard for success.
Further, it announced that the company aims to achieve Rs 18,000 crore revenue by FY27.
Shiv Bansal, Joint MD, SG Mart, said, "With an addressable market size of INR 6 Tn, which is expected to touch INR 8 Tn by FY27, the sector is yet to be disrupted by technology. Currently, the construction material industry faces various issues like fragmented supplier base, minimum purchase requirement and lack of standardized prices."
Bansal added, "SG Mart's value proposition and opportunity includes acting as one-stop solution for all construction needs, tech-enabled onsite delivery, no minimum purchase requirement and standardized quality and prices."
SG Mart's customer base spans top-tier EPC companies, real estate developers, OEMs, traders, dealers and retailers. With successful deliveries to multiple cities spread across 24 states, the Company has established a robust network of suppliers and logistics providers, facilitating seamless operations, and ensuring pan-India reach. The company is proud to be associated with more than 650 customers and more than 75 suppliers in its first year of operations.
Also, SG Mart offers a wide range of products, now encompassing more than 27 product categories and more than 1750 SKUs. These categories include steel construction products like TMT Rebars, HR Sheet, Welding rods, Binding wires, mesh nets, tapping screw and barbed wire, among others.
SG Mart Share Price:
On BSE, SG Mart's share price is at Rs 471.55 apiece with a market cap of Rs 5,259.67 crore. The smallcap's 52-week high and low are at Rs 638.50 apiece and Rs 36.06 apiece respectively.
SG Mart Bonus Issue:
After turning ex-bonus for 2:1 bonus shares in February, SG Mart allotted 5,57,70,000 equity shares of the face value of ₹1/- each as fully paid up bonus equity shares, in the ratio of One (1) equity share of ₹1/- each for every One (1) existing equity share of ₹1/- each, to the members whose names appeared in the Register of Members / List of beneficial owners as of February 22, 2024, being the record date fixed for that purpose.
Consequently, the paid-up Equity Share Capital of the Company has increased from ₹5,57,70,000/- comprising 5,57,70,000 equity shares of ₹1/- each to ₹11,15,40,000/- comprising 11,15,40,000 equity shares of ₹1/- each.
The bonus issue ratio stood at 1:1.
SG Mart Stock Split:
Before bonus shares allotment, SG Mart split into the ratio of 1:10. This led to 1 equity share having a face value of Rs 10 each, to split into 10 small shares having a face value of Rs 1 each. Before the stock split record date, SG Mart shares were at Rs 11,478.25 apiece.
SG Mart is engaged in renewable energy generation services, operating solar & wind energy projects and even generating electric power.
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