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Stock Analysis

Description

Incorporated in 2009, SUGS Lloyd Limited is a technology-driven engineering and construction company specializing in renewable energy, particularly solar energy, as well as electrical transmission, distribution, and civil EPC.

Key Growth Triggers

EPC services across solar, electrical, and civil projects.
Strong order book visibility extending through FY27.
Positive outlook driven by government policies and private investments in infrastructure and renewable energy.
Expansion in niche product offerings and geographical diversification.
Focus on operational efficiency and managing working capital.

Order Book

Standalone Order Book: FY27 = ₹409.59 Cr.

Key Red Flags

High debtor days, reaching 185 days as of March 2025.
Consistently negative operating cash flow.
No dividend payout reported, despite profitability.

Key Dates To Watch

Announcement of Q3 FY26 financial results (expected shortly after December 31, 2025).

Corporate Announcements

2nd Apr 26

Impact Rating: 6

Suggs Lloyd announced a virtual investor and analyst meeting for April 8, 2026, at 4:00 PM. Discussions will focus on publicly available information and the company's business profile, with no unpublished price-sensitive information to be shared.

28th Mar 26

Impact Rating: 3

In line with SEBI rules, SUGS Lloyd will restrict its trading window for designated persons and relatives from April 1, 2026, until 48 hours post March 31, 2026, financial results release.

25th Mar 26

Impact Rating: 7

SUGS LLOYD LIMITED informed exchanges that promoter Santosh Kumar Shah acquired 65,000 equity shares on March 23, 2026. His stake increased from 0.249% to 0.279%.

22nd Mar 26

Impact Rating: 8

SUGS Lloyd's ₹639.24 crore order from Konkan Railway is a transformational milestone, boosting its order book and revenue visibility.

17th Mar 26

Impact Rating: 9

SUGS LLOYD LIMITED has been awarded a Letter of Award (LOA) valued at ₹639.24 crore (including GST) by Konkan Railway Corporation for SCADA-DMS work, with execution expected within 24 months.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Waaree Energies	2714.30	28.89	78074.37	0.07	878.21	132.97	6065.64	69.70	34.94	17952.69	22.55	2702.29	842.55	6.80	12.40	0.26
2.	Premier Energies	787.75	29.88	35684.63	0.13	353.44	71.61	1836.87	20.28	41.12	6991.77	30.77	1194.26	353.44	10.33	17.90	0.47
3.	Apar Inds.	8172.50	34.94	32827.56	0.62	251.70	29.82	5715.42	23.06	32.70	20745.76	8.33	939.50	251.70	6.77	7.83	0.14
4.	Emmvee Photovol.	184.91	22.39	12802.15	0.00	237.86	577.28	1131.00	181.06	28.01	2335.61	30.91	368.94	237.86	–	12.12	2.15
5.	Waaree Renewab.	953.80	28.18	9952.50	0.10	116.35	117.22	774.78	47.73	82.31	2214.90	21.39	353.17	116.30	15.11	25.06	0.12
6.	Genus Power	295.25	19.00	8982.03	0.83	148.15	162.44	1149.00	135.99	19.21	3632.39	21.18	472.85	148.15	4.79	8.43	0.93
7.	Vikram Solar	239.71	33.28	8685.42	0.00	128.49	1645.79	1109.91	93.72	26.45	3423.45	14.37	139.83	128.49	2.94	5.16	0.09
8.	Sugs Lloyd	105.00	10.86	243.75	0.00	11.82	93.77	123.03	94.18	36.14	235.87	14.73	22.44	11.82	2.03	18.80	0.69
–	Median: 58 Co.	207.35	29.67	666.74	0.0	9.61	52.08	117.8	25.18	20.17	378.67	13.38	25.55	9.7	4.36	8.4	0.37

Quarterly Results

Standalone figures in ₹ crores

	Mar 2025	Sep 2024	Sep 2025
Sales	113	63	123
Expenses	97	53	104
Operating Profit	16	10	19
Other Income	1	1	1
Profit before tax	13	10	16
Tax %	19%	36%	26%
Net Profit	11	6	12
EPS in Rs	6.54	3.75	5.09

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	21	23	36	65	175	236
Expenses	19	20	33	56	149	201
Operating Profit	2	3	3	9	26	35
Other Income	1	1	1	4	2	2
Interest	0	0	0	1	4	7
Depreciation	0	0	0	0	0	0
Profit before tax	2	3	3	12	23	29
Net Profit	2	2	2	9	17	22
EPS in Rs	63.60	97.20	6.89	8.86	10.29	11.63
Dividend Payout %	0%	0%	0%	0%	0%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	0.25	0.25	3	10	16	23
Reserves	4	6	8	10	20	97
Borrowings	0	0	8	19	75	83
Other Liabilities	16	16	5	8	20	36
Total Liabilities	20	22	25	46	132	239
Fixed Assets	0	0	0	1	1	2
Gross Block	0.41	0.54	0.61	1.60	2.01	–
Accumulated Depreciation	0.24	0.30	0.40	0.55	0.91	–
CWIP	0	0	0	0	0	0
Investments	0	0	0	0	0	0
Other Assets	20	22	24	45	130	238
Total Assets	20	22	25	46	132	239

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	–	–	-11	-6	-44
Cash from Investing Activity	–	–	-0	-2	-8
Cash from Financing Activity	–	–	11	9	52
Net Cash Flow	–	–	0	1	-1

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	62	145	99	138	185
Inventory Days	0	0	0	0	29
Days Payable	–	–	–	–	32
Cash Conversion Cycle	62	145	99	138	182
Working Capital Days	-35	-104	-23	6	22
ROCE %	–	73%	26%	43%	36%

Shareholding Pattern

Numbers in percentages

	Sep 2025
Promoters	70.00%
FIIs	1.05%
DIIs	0.25%
Public	28.70%

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Suggs Lloyd to hold virtual investor/analyst meeting on April 8

2nd April 2026, 10:00 pm

SUGS Lloyd: Trading Window Closes April 1 for Insiders Ahead of March 31 Results

28th March 2026, 10:48 pm

Promoter Acquires Shares in SUGS LLOYD LIMITED

26th March 2026, 12:10 am

SUGS Lloyd Wins ₹639 Crore Mega Order from Konkan Railway

22nd March 2026, 7:44 pm

SUGS LLOYD Secures ₹639.24 Crore Konkan Railway Contract for SCADA-DMS Work

18th March 2026, 5:07 am

Published by Other Websites

External media mentions & references

Sugs Lloyd Surges 5% Defying Market Crash After Rs 639 Crore Railway Order

23rd March 2026, 1:40 pm

Sugs Lloyd Shares Skyrocket 6% on ₹43 Crore Punjab Power Deal! Investor Frenzy Begins?

3rd December 2025, 10:14 am

SUGS Lloyd Surges 60% in Revenue, Order Book Fuels Future Growth

SUGS Lloyd Wins ₹84 Cr BSES Power Network Maintenance Contract

SUGS Lloyd Wins ₹84 Cr Delhi Power Network Maintenance Contract

News Articles

Editorial & research coverage

Sugs Lloyd Shares Skyrocket 6% on ₹43 Crore Punjab Power Deal! Investor Frenzy Begins?

3rd December 2025, 10:14 am

SUGS Lloyd Wins ₹84 Cr Delhi Power Network Maintenance Contract

SUGS Lloyd Surges 60% in Revenue, Order Book Fuels Future Growth

Sugs Lloyd Surges: 60% Revenue Jump Fuels Ambitious FY28 Targets

SUGS LLOYD Surges 60% Revenue Amid Infra Boom; Debt Rises

Documents

Announcements

Closure of Trading Window

29 Dec - Trading window closed from Jan 1, 2025; reopens 48 hours after Q3 (Dec 31, 2025) results.

Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

Update On A Virtual Meet With Group Of Investors And Analysts Held On 17Th December 2025

17 Dec - Held investor/analyst video meeting on Dec 17, 2025; only public information discussed.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

12 Dec - Date correction in communication submitted for the group meeting with the investor/analyst through Virtual Meeting Mode.

Annual Reports

No data available.

Credit Ratings

Rating update

3 Nov 2025 from care

Concalls

Nov 2025

Transcript PPT Recording

Stock Analysis

Description

Incorporated in 2009, SUGS Lloyd Limited is a technology-driven engineering and construction company specializing in renewable energy, particularly solar energy, as well as electrical transmission, distribution, and civil EPC.

Key Growth Triggers

EPC services across solar, electrical, and civil projects.
Strong order book visibility extending through FY27.
Positive outlook driven by government policies and private investments in infrastructure and renewable energy.
Expansion in niche product offerings and geographical diversification.
Focus on operational efficiency and managing working capital.

Order Book

Standalone Order Book: FY27 = ₹409.59 Cr.

Key Red Flags

High debtor days, reaching 185 days as of March 2025.
Consistently negative operating cash flow.
No dividend payout reported, despite profitability.

Key Dates To Watch

Announcement of Q3 FY26 financial results (expected shortly after December 31, 2025).

Corporate Announcements

2nd Apr 26

Impact Rating: 6

28th Mar 26

Impact Rating: 3

In line with SEBI rules, SUGS Lloyd will restrict its trading window for designated persons and relatives from April 1, 2026, until 48 hours post March 31, 2026, financial results release.

25th Mar 26

Impact Rating: 7

SUGS LLOYD LIMITED informed exchanges that promoter Santosh Kumar Shah acquired 65,000 equity shares on March 23, 2026. His stake increased from 0.249% to 0.279%.

22nd Mar 26

Impact Rating: 8

SUGS Lloyd's ₹639.24 crore order from Konkan Railway is a transformational milestone, boosting its order book and revenue visibility.

17th Mar 26

Impact Rating: 9

SUGS LLOYD LIMITED has been awarded a Letter of Award (LOA) valued at ₹639.24 crore (including GST) by Konkan Railway Corporation for SCADA-DMS work, with execution expected within 24 months.

Sugs Lloyd Ltd

ABOUT

KEY POINTS

Description

Key Growth Triggers

Order Book

Key Red Flags

Key Dates To Watch

Peer Comparision

Quarterly Results

Profit & Loss

Compounded Profit Growth

Compounded Sales Growth

Return on Equity

Stock Price CAGR

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

BSE Announcements AI Summary

Published by Other Websites

News Articles

Documents

Announcements

Annual Reports

Credit Ratings

Concalls

Description

Key Growth Triggers

Order Book

Key Red Flags

Key Dates To Watch