SG Mart Concall Notes:
Volume:
- Done 330k Ton in Q2 – around 110k Ton/month
- Now doing 120k Ton/month Sales and guidance 1.2 Million Ton per FY25
- Guidance of 150k Ton/month in FY26 and 250k Ton/month in FY27
Service Centers:
- 3 (Gaziabad, bangalore & Pune ??) operating now and another 2 (Raipur & Dubai) by this year
- Working on Solar Profile Structures (40k Ton/month ??) and PEB Segment (Pre Engineered Buildings ) – Purlins & Deck Sheeting
- 10 New centers planned next year across India, Will deploy cash.
Steel Prices:
- Sharp decline in steel prices in Q2, around 15% per month, unprecedented situation, once in a decade, Still came out EBIDTA positive in the Quarter.
- Inventory Loss of around 1% sales (18Cr??), Have to protect customers also
- Steel Prices Stable now.
- Inventory days around 8 to 10 days
Margin Guidance:
- 2% is for the year, Not for quarter, will stick to 2%
Business Segment Sales:
- Now Trading 65%, Service Centers 20% and B2C 15%
- In Future with new Service centers it should reach 40 to 50%
- Inventory days will increase to around 20 days with new service centers and around 20 times inventory turn around
- Cash and carry – No credit given
Disc: Invested
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