Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹947 Cr.
Stock P/E
203.4
P/B
9.4
Current Price
₹609.4
Book Value
₹ 64.7
Face Value
10
52W High
₹695
52W Low
₹ 422.1
Dividend Yield
0%

Synergy Green Inds. Overview

Business

Synergy Green Industries Ltd. (SGIL) operates in the Castings/Forgings sector in India. The company is primarily involved in manufacturing various metal components through casting and forging processes. Its core business model involves producing custom or standard components used in a wide range of industrial applications. SGIL makes money by selling these manufactured components to other businesses (B2B model), likely serving end-user industries such as automotive, infrastructure, power, general engineering, and machinery.

Revenue Mix

Specific revenue mix information for SGIL is not publicly available. Generally, companies in this sector might segment their revenue based on:

Product Type: E.g., ferrous castings, non-ferrous castings, open-die forgings, closed-die forgings.

End-Use Industry: E.g., automotive, heavy machinery, railways, wind energy, general industrial.

Customer Geography: Domestic vs. exports.

Without specific data, it can be inferred that SGIL's revenue is primarily derived from the sale of its manufactured casting and forging products across these potential categories.

Industry

The castings and forgings industry is a foundational segment of the manufacturing sector, serving as a critical supplier for almost all capital goods and durable product industries. It is generally characterized by high capital intensity, significant technological requirements, and a mix of large integrated players and numerous smaller specialized units. The Indian market benefits from a growing domestic manufacturing base and potential export opportunities. SGIL likely positions itself based on product quality, precision, cost-efficiency, ability to handle complex geometries, and adherence to specific customer specifications. Its competitive standing against peers would depend on its scale, technological capabilities, customer relationships, and operational efficiencies.

MOAT

Given the nature of the industry, potential competitive advantages for SGIL could include:

Process Expertise & Quality: Specialization in high-precision or complex castings/forgings that few competitors can consistently deliver.

Cost Efficiency: Achieved through economies of scale, efficient manufacturing processes, or strategic raw material sourcing.

Customer Relationships & Switching Costs: Long-standing relationships with key customers, where the cost and effort of switching suppliers (due to re-qualification, specific product integration) can be high for critical components.

Certifications & Approvals: Adherence to stringent quality standards (e.g., ISO, industry-specific certifications) required by demanding end-user industries.

Location Advantage: Proximity to key raw material sources or major customer clusters.

Growth Drivers

Key factors that can drive growth for SGIL over the next 3-5 years include:

Growth in End-User Industries: Increased demand from sectors like automotive (including electric vehicles), infrastructure development, renewable energy (e.g., wind turbine components), and general industrial machinery.

"Make in India" Initiatives: Government impetus on boosting domestic manufacturing and reducing import dependency.

Export Opportunities: Leveraging cost competitiveness and quality to tap into global markets, particularly for specialized components.

Capacity Expansion & Technology Upgrades: Investment in new plant and machinery to increase output and enhance capabilities for producing higher-value or more complex parts.

Material Science & Product Development: Adapting to new material requirements (e.g., lighter alloys) and developing components for emerging technologies.

Risks

SGIL faces several business risks:

Cyclicality of End-User Industries: Demand for castings and forgings is highly dependent on the performance of sectors like automotive and capital goods, which are sensitive to economic cycles.

Raw Material Price Volatility: Fluctuations in prices of key metals (e.g., iron, steel, alloys) can significantly impact production costs and profit margins.

Intense Competition & Pricing Pressure: The industry can be competitive, leading to pricing pressure from customers and potential margin erosion.

High Capital Expenditure: The need for continuous investment in technology and capacity upgrades can lead to significant capital outlay.

Technological Disruptions: Potential shifts towards alternative manufacturing processes (e.g., additive manufacturing for certain parts) or lighter materials could impact traditional casting/forging demand.

Environmental Regulations: Increasing environmental compliance costs and stricter regulations regarding emissions and waste disposal.

Management & Ownership

As is common with many Indian companies, SGIL likely has a promoter-driven ownership structure, where the founding family or group holds a significant stake and exerts substantial control over strategic decisions. The management team typically comprises experienced professionals from the manufacturing and engineering sectors, often with deep operational knowledge of casting and forging processes. Specific details on the quality of management or individual profiles would require external research.

Outlook

Synergy Green Industries Ltd. operates in a crucial, albeit cyclical, industrial sector. The outlook presents a balanced view:

Bull Case: A robust Indian economy, coupled with sustained growth in key end-user sectors (automotive, infrastructure, renewables), and a strong "Make in India" push, could provide significant tailwinds. SGIL's ability to maintain high-quality standards, manage costs efficiently, and potentially expand into higher-value or export markets would drive profitability and growth.

Bear Case: A slowdown in the domestic or global economy, persistent volatility in raw material prices, or intense competitive pressures leading to margin compression, could pose challenges. Furthermore, failure to adapt to evolving manufacturing technologies or stricter environmental regulations could impact long-term viability. The company's performance will largely depend on its operational agility and strategic investments in capacity and technology.

Synergy Green Inds. Share Price

Live · BSE / NSE · Inception: 2010
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Synergy Green Inds. Quarterly Results

#(Fig in Cr.) Mar 2025 Jun 2025 Mar 2026 Jun 2026
Net Sales 97 84 119 75
Other Income 0 2 4 1
Total Income 98 85 123 76
Total Expenditure 83 72 109 70
Operating Profit 15 13 15 5
Interest 4 5 7 7
Depreciation 3 3 8 9
Exceptional Income / Expenses 0 0 -0 0
Profit Before Tax 8 5 0 -11
Provision for Tax 4 2 -0 -1
Profit After Tax 4 3 0 -10
Adjustments -0 -0 -0 -0
Profit After Adjustments 4 3 0 -10
Adjusted Earnings Per Share 2.5 2.2 0.3 -6.5

Synergy Green Inds. Profit & Loss

#(Fig in Cr.) Mar 2025 Mar 2026 TTM
Net Sales 362 366 375
Other Income 1 10 7
Total Income 364 376 382
Total Expenditure 310 327 334
Operating Profit 54 49 48
Interest 16 21 23
Depreciation 13 20 23
Exceptional Income / Expenses 0 -1 0
Profit Before Tax 25 8 2
Provision for Tax 8 3 5
Profit After Tax 17 5 -3
Adjustments 0 0 0
Profit After Adjustments 17 5 -3
Adjusted Earnings Per Share 10.9 3 -1.5

Synergy Green Inds. Balance Sheet

#(Fig in Cr.) Mar 2025 Mar 2026
Shareholder's Funds 108 111
Minority's Interest 0 0
Borrowings 55 148
Other Non-Current Liabilities 5 8
Total Current Liabilities 174 205
Total Liabilities 342 473
Fixed Assets 100 250
Other Non-Current Assets 64 49
Total Current Assets 178 174
Total Assets 342 473

Synergy Green Inds. Cash Flow

#(Fig in Cr.) Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 4 2
Cash Flow from Operating Activities -16 19
Cash Flow from Investing Activities -87 -94
Cash Flow from Financing Activities 101 74
Net Cash Inflow / Outflow -2 -2
Closing Cash & Cash Equivalent 2 0

Synergy Green Inds. Ratios

# Mar 2025 Mar 2026
Earnings Per Share (Rs) 10.87 3
CEPS(Rs) 19.24 16.08
DPS(Rs) 1 0
Book NAV/Share(Rs) 69.27 71.28
Core EBITDA Margin(%) 14.43 10.74
EBIT Margin(%) 11.23 7.73
Pre Tax Margin(%) 6.9 2.06
PAT Margin (%) 4.66 1.27
Cash Profit Margin (%) 8.26 6.82
ROA(%) 4.94 1.14
ROE(%) 15.68 4.26
ROCE(%) 15.43 9.07
Receivable days 57.39 60.73
Inventory Days 53.81 57.84
Payable days 112.17 123.94
PER(x) 36.25 160.34
Price/Book(x) 5.69 6.74
Dividend Yield(%) 0.25 0
EV/Net Sales(x) 1.97 2.69
EV/Core EBITDA(x) 13.29 19.97
Net Sales Growth(%) 0 1.15
EBIT Growth(%) 0 -30.33
PAT Growth(%) 0 -72.43
EPS Growth(%) 0 -72.41
Debt/Equity(x) 1.45 2.26
Current Ratio(x) 1.03 0.85
Quick Ratio(x) 0.72 0.54
Interest Cover(x) 2.59 1.36
Total Debt/Mcap(x) 0.25 0.34

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +1% — — —
Operating Profit CAGR -9% — — —
PAT CAGR -71% — — —
Share Price CAGR +13% +37% +33% —
ROE Average +4% +10% +10% +10%
ROCE Average +9% +12% +12% +12%

Synergy Green Inds. Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 69.55 %
FII 0.21 %
DII (MF + Insurance) 1.86 %
Public (retail) 28.38 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 74.0274.0469.7769.8169.8469.3969.4569.569.569.55
FII 2.860.210.270.210.60.420.250.220.230.21
DII 0.760000001.511.731.86
Public 22.3625.7529.9629.9729.5630.1930.3128.7728.5428.38
Others 0000000000
Total 100100100100100100100100100100

Synergy Green Inds. Peer Comparison

Castings/Forgings Edit Columns

Synergy Green Inds. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Synergy Green Inds. Pros & Cons

Pros

Cons

  • Company has a low return on equity of 10% over the last 3 years.
  • Debtor days have increased from 112.17 to 123.94days.
  • Stock is trading at 9.4 times its book value.
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