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Revenue
₹114.55 Cr
verified against source
Revenue YoY
72%
reported change
EBITDA
₹20.47 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Sejal Glass delivered a strong Q4 FY26 with consolidated revenue of ₹116.85 crore (+72% YoY) and EBITDA margin expanding to 17.5% (+300 bps YoY), driven by healthy execution, better product mix, and operating leverage from recently integrated facilities. PAT surged 200% YoY to ₹11.42 crore. For FY26, revenue crossed ₹400 crore (+64% YoY). Management guided for FY27 revenue of ₹500+ crore (25-40% growth), with India contributing ~40% (₹200 crore) as capacity utilization improves. UAE operations remain stable with a $60M order book, though geopolitical risks could impact margins by 1-1.5%. New product verticals (fire-rated, bulletproof, railway glass) are expected to contribute 5-7% of revenue in FY27. Key risk: escalation of UAE geopolitical disruption could delay collections and margin recovery.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects consolidated revenue to exceed ₹500 crore in FY27, implying 25-40% growth over FY26's ₹401 crore.
- India business is expected to contribute ~₹200 crore in FY27, with Silvasa at ₹90 crore, Glass Tech at ₹110 crore, and Talegaon/Gujarat units ramping up.
- Management expects to maintain consolidated EBITDA margin around 17.5-18% in FY27, supported by better product mix and operating leverage.
- UAE operations are expected to generate ~$31 million in Q1 FY27, with Q2 target of $35 million subject to geopolitical stability.
Risks flagged
- Geopolitical tensions in UAE could disrupt supply chain and delay collections, potentially reducing EBITDA margins by 1-1.5%.
- Glass Tech and Talegaon units have low capacity utilization (13-33%) and are yet to achieve meaningful profitability, posing a drag on India margins.
- Over 70% of consolidated revenue comes from UAE, making the company vulnerable to regional economic downturns or policy changes.
- Fire-rated and bulletproof glass products are expected to launch in Q3 FY27; any delay in certification or market acceptance could impact revenue targets.
Key quotes
- We will be the largest by capacity in India and largest by the market share and with a very good operating EBITDA and the plate that is a new product also product portfolio going new geographies export market.
- There will be a little bit of margin impact on EBITDA maybe 1% or 1.5%. But that's also a chance but I don't see that much more impact in this quarter particularly.
- Our all the payments are coming on the due dates as of now. So till now no one has extended their due deadlines.
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