UAE Order Book
$60M
Stable
Order book position in UAE remains strong despite geopolitical slowdown.
SEJALGLASS
Other
15 May 2026
Sejal Glass Ltd — Q4 FY26
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.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
India Capacity Utilization (Silvasa Tempering)
64%
Target 75% by FY27
Silvasa tempering utilization at 64%; management targets 75% in FY27.
UAE Monthly Revenue Run-Rate
$10.2M
Stable
UAE operations generating $10.2-10.5M per month with reasonable margins.
New Product Contribution (FY27)
5-7%
Target 15-20% in FY28
Fire-rated, bulletproof, and railway glass to contribute 5-7% of revenue in FY27.
Management Guidance
FY27 Revenue Target of ₹500+ Crore
Management expects consolidated revenue to exceed ₹500 crore in FY27, implying 25-40% growth over FY26's ₹401 crore.
Management guidance revenueIndia Revenue Contribution of ₹200 Crore in FY27
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 guidance revenueConsolidated EBITDA Margin of 17.5-18% in FY27
Management expects to maintain consolidated EBITDA margin around 17.5-18% in FY27, supported by better product mix and operating leverage.
Management guidance marginsUAE Monthly Revenue of $31M in Q1 FY27
UAE operations are expected to generate ~$31 million in Q1 FY27, with Q2 target of $35 million subject to geopolitical stability.
Management guidance revenueKey Risks
UAE Geopolitical Disruption Impacting Margins
Geopolitical tensions in UAE could disrupt supply chain and delay collections, potentially reducing EBITDA margins by 1-1.5%.
high · analyst_questionSlow Ramp-Up of Acquired Indian Units
Glass Tech and Talegaon units have low capacity utilization (13-33%) and are yet to achieve meaningful profitability, posing a drag on India margins.
medium · data_observationDependence on UAE for Majority of Revenue
Over 70% of consolidated revenue comes from UAE, making the company vulnerable to regional economic downturns or policy changes.
high · management_commentaryExecution Risk in New Product Verticals
Fire-rated and bulletproof glass products are expected to launch in Q3 FY27; any delay in certification or market acceptance could impact revenue targets.
medium · analyst_questionNotable 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.
Frequently Asked Questions
What was Sejal Glass's revenue in Q4 FY26?
Sejal Glass reported revenue of ₹115 Cr in Q4 FY26, representing a +72% change compared to the same quarter last year.
What guidance did Sejal Glass management give for FY27?
FY27 Revenue Target of ₹500+ Crore: Management expects consolidated revenue to exceed ₹500 crore in FY27, implying 25-40% growth over FY26's ₹401 crore. India Revenue Contribution of ₹200 Crore in FY27: 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. Consolidated EBITDA Margin of 17.5-18% in FY27: Management expects to maintain consolidated EBITDA margin around 17.5-18% in FY27, supported by better product mix and operating leverage. UAE Monthly Revenue of $31M in Q1 FY27: UAE operations are expected to generate ~$31 million in Q1 FY27, with Q2 target of $35 million subject to geopolitical stability.
What are the key risks for Sejal Glass in FY27?
Key risks include UAE Geopolitical Disruption Impacting Margins — Geopolitical tensions in UAE could disrupt supply chain and delay collections, potentially reducing EBITDA margins by 1-1.5%.; Slow Ramp-Up of Acquired Indian Units — Glass Tech and Talegaon units have low capacity utilization (13-33%) and are yet to achieve meaningful profitability, posing a drag on India margins.; Dependence on UAE for Majority of Revenue — Over 70% of consolidated revenue comes from UAE, making the company vulnerable to regional economic downturns or policy changes.; Execution Risk in New Product Verticals — Fire-rated and bulletproof glass products are expected to launch in Q3 FY27; any delay in certification or market acceptance could impact revenue targets..
Did Sejal Glass meet its previous quarter's guidance?
Of 1 tracked promise, management 0 met, 0 close, 1 missed.
Where can I read the full Sejal Glass Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.