Whalesbook
Ab thoda detail mein jaate hain. Company ne FY26 mein ₹401.36 Crore ka revenue record kiya hai, jo pichhle saal se 64% zyaada hai. Ye company ka sabse bada jump hai! Aur jab revenue badhta hai toh profit toh hoga hi. EBITDA 88% badh kar ₹66.32 Crore pahunch gaya hai. Isse company ka EBITDA margin bhi 14.4% se sudhar kar 16.5% ho gaya hai.
Ye performance kahan se aa rahi hai? Main reason UAE mein company ka strong performance aur jo Glasstech India Ltd. jaise companies ko acquire kiya tha, unka integration ab asli kaam aa raha hai.
Management ne FY27 ke liye target bhi set kar diya hai - ₹500 Crore se bhi upar revenue chahiye, jisme se ₹200 Crore India se aayega. Ye sab capacity badhane aur railways aur fire-resistant glass jaise naye sectors mein entry karne se hoga.
Ab risks kya hain? UAE mein jo geopolitical issues chal rahe hain ya wahan ke real estate mein slowdown, woh thoda pressure daal sakte hain. Aur haan, gas aur energy prices badhne se glass ki keemat 7-8% badh gayi hai, agar ye kharcha company bear karegi toh margins pe asar aa sakta hai.
Agar comparison karein toh Asahi India Glass ₹3,508 Crore FY24 mein kamayi thi, jo badi company hai. Lekin Sejal Glass ka naye sectors mein focus usko alag banata hai.
Kuch important figures jo yaad rakhne chahiye: FY26 mein 70% revenue UAE se aaya tha, aur promoter ne ₹70 Crore ka loan diya hai.
Ab investors ko kya check karna hai? FY27 ka ₹500 Crore ka target achieve hota hai ya nahi, aur naye verticals se kitna revenue aata hai. Aur dekhte hain ki kya woh doosra acquisition bhi finalize kar paate hain.