Sathlokhar Synergys E&C Global Ltd.

•

sathlokhar.comBSE: -NSE: SSEGL

Market Cap₹ 1,056 Cr.

Current Price

High / Low₹ 580 / 283

Stock P/E12.8

Book Value₹ 146

Price to Book5.64

Dividend Yield0.00 %

ROCE53.4 %

ROE40.2 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Construction

Buy

Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.

Confidence

80%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 72.2%
Company has a good return on equity (ROE) track record: 3 Years ROE 60.8%
Operating margins have improved to 14.4% from 3.1%
Company comfortably covers its interest (29.9x coverage)
Company generates healthy free cash flow

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.02x)
Equity base is being diluted - shares outstanding up 1107.0%
Working capital days have increased from 54 to 143 days
Stock is trading at 5.6x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ConstructionInfrastructureEngineering - Construction

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	LT	3989.15	33.08	548853.62	0.95	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	205.95	47.74	42940.99	0.34	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1410.25	21.19	24083.20	0.78	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.18	24.28	23165.60	1.36	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1234.85	35.26	21213.19	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	276.40	19.81	15534.85	1.81	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	969.70	26.16	11277.57	0.72	93.33	-31.44	630.34	19.84	14.86	15.79
8.	IRCON	118.30	21.25	11126.30	1.61	92.03	-43.92	1955.83	9.49	10.15	9.81
9.	KEC	407.85	19.61	10856.97	1.35	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	AFCONS	284.95	72.43	10480.02	0.70	303.00	120.52	26710.00	692.49	12.88	9.42
11.	WELENT	741.55	33.58	10264.08	0.40	56.36	-44.29	773.72	-8.44	16.44	19.49
12.	SSEGL	406.35	12.82	1055.64	0.00	21.41	16.39	204.81	9.95	53.42	14.63

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026	Jun 2026
	38	186	123	189	277	205
	32	166	110	162	235	178
Operating Profit	6	20	13	28	43	30
OPM %	15.38%	10.64%	10.92%	14.54%	15.38%	14.63%
Other Income	0	2	0	0	1	1
Interest	1	1	1	2	3	2
Depreciation	0	0	0	0	1	0
	5	21	12	26	41	29
Tax %	15.15%	11.29%	26.12%	24.57%	25.43%	25.23%
Net Profit	4	18	9	20	30	21
	2	8	0	8	12	1
Equity Capital	26	24	24	26	26	26
Reserves	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	58	87	247	399	794
	57	79	211	342	684
Operating Profit	2	8	36	60	—
OPM %	3	10	15	15	—
Other Income	0	0	0	2	3
Interest	1	1	1	2	8
Depreciation	0	0	0	1	1
	1	7	35	57	108
Tax %	25	25	25	25	25
Net Profit	1	5	26	43	81
EPS	4	27	131	18	—
Dividend Payout %	0	0	0	0	—
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	1	3	15	18	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 90%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 265%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -19%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 61%
Last Year:: 40%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-
Equity Capital	2	2	2	24
	7	12	39	148
	6	6	0	9
Trade Payables	16	13	37	68
	16	14	27	15
Total Liabilities	46	48	105	265
ASSETS	-	-	-	-
	1	1	4	9
	25	28	66	63
	0	0	14	135
Cash & Bank	1	3	9	40
	19	17	12	17
Total Assets	46	48	105	265
Total Debt	7	6	0	9
Net Working Capital	8	13	36	156
Contingent Liabilities	0	0	0	0
Book Value per Share	44.31	71.59	202.66	71.44
Face Value	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-1	3	12	-91
Cash from Investing	-0	-0	-3	-11
Cash from Financing	2	-2	-6	97
	1	1	2	-5
Free Cash Flow	-1	3	9	-97
OCF / Net Profit	-1.38	0.55	0.47	-2.12
Cumulative 5-Year FCF	0	0	0	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	4.39	27.28	130.65	17.72
Book Value (₹)	44.31	71.59	202.66	71.44
Dividend per Share (₹)	0.00	0.00	0.00	0.00
Cash EPS (₹)	0.54	3.17	15.08	17.97
PROFITABILITY
Operating Margin %	3.09%	9.73%	14.41%	14.39%
Net Margin %	1.50%	6.26%	10.58%	10.71%
ROE %	9.92%	47.08%	95.28%	40.16%
ROCE %	11.14%	46.54%	116.64%	53.42%
	1.90%	11.62%	34.29%	23.16%
EFFICIENCY
Debtor Days	41	30	16	68
Inventory Days	158	111	69	59
Payable Days	165	107	66	95
	34	34	19	32
FINANCIAL HEALTH
Debt to Equity (x)	0.76x	0.43x	0.00x	0.05x
Interest Coverage (x)	3.08x	7.79x	53.74x	29.87x
	1.21x	1.41x	1.57x	2.71x
GROWTH
Revenue Growth %	0.00%	48.94%	183.52%	61.70%
Operating Profit Growth %	0.00%	369.01%	323.80%	66.84%
Net Profit Growth %	0.00%	520.86%	378.93%	63.68%
	0.00%	0.00%	378.93%	-86.44%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	22.75x
P/B (x)	0.00x	0.00x	0.00x	5.64x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	-0.19x	15.71x

Shareholding Pattern

Numbers in percentages

	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	62.71	62.71	62.71	62.71	58.27	58.27
	3.18	0.07	0.57	0.12	0.28	0.28
	0.62	0.17	1.28	1.53	1.65	2.02
Government	0.00	0.00	0.00	0.00	0.00	0.00
	33.50	37.05	35.44	35.64	39.81	39.43

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for SSEGL

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AI Stock Analyst

Sathlokhar Synergys E&C Global Ltd.

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Name

3989.15

33.08

548853.62

0.95

4988.03

15.51

67941.74

6.69

15.98

12.00

RVNL

205.95

47.74

42940.99

0.34

159.52

18.73

4321.23

10.55

10.81

4.41

KPIL

1410.25

21.19

24083.20

0.78

311.53

45.85

6407.97

3.84

18.95

8.77

IRB

19.18

24.28

23165.60

1.36

3062.70

1412.58

21372.72

918.25

7.72

53.93

CEMPRO

1234.85

35.26

21213.19

0.24

140.83

2.64

2720.92

7.02

33.53

10.09

ENGINERSIN

276.40

19.81

15534.85

1.81

157.94

141.49

819.84

-5.80

30.94

20.61

TECHNOE

969.70

26.16

11277.57

0.72

93.33

-31.44

630.34

19.84

14.86

15.79

IRCON

118.30

21.25

11126.30

1.61

92.03

-43.92

1955.83

9.49

10.15

9.81

KEC

407.85

19.61

10856.97

1.35

72.62

-41.72

5023.54

0.01

16.35

5.79

AFCONS

284.95

72.43

10480.02

0.70

303.00

120.52

26710.00

692.49

12.88

9.42

WELENT

741.55

33.58

10264.08

0.40

56.36

-44.29

773.72

-8.44

16.44

19.49

SSEGL

406.35

12.82

1055.64

0.00

21.41

16.39

204.81

9.95

53.42

14.63

Dec 2024

Mar 2025

Jun 2025

Dec 2025

Mar 2026

Jun 2026

186

123

189

277

205

166

110

162

235

178

Operating Profit

OPM %

15.38%

10.64%

10.92%

14.54%

15.38%

14.63%

Other Income

Interest

Depreciation

Tax %

15.15%

11.29%

26.12%

24.57%

25.43%

25.23%

Net Profit

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

247

399

794

211

342

684

Operating Profit

—

OPM %

—

Other Income

Interest

Depreciation

108

Tax %

Net Profit

EPS

131

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

—

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

148

Trade Payables

Total Liabilities

105

265

ASSETS

135

Cash & Bank

Total Assets

105

265

Total Debt

Net Working Capital

156

Contingent Liabilities

Book Value per Share

44.31

71.59

202.66

71.44

Face Value

10.00

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-1

-91

Cash from Investing

-0

-3

-11

Cash from Financing

-2

-6

-5

Free Cash Flow

-1

-97

OCF / Net Profit

-1.38

0.55

0.47

-2.12

Cumulative 5-Year FCF

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

4.39

27.28

130.65

17.72

Book Value (₹)

44.31

71.59

202.66

71.44

Dividend per Share (₹)

0.00

Cash EPS (₹)

0.54

3.17

15.08

17.97

PROFITABILITY

Operating Margin %

3.09%

9.73%

14.41%

14.39%

Net Margin %

1.50%

6.26%

10.58%

10.71%

ROE %

9.92%

47.08%

95.28%

40.16%

ROCE %

11.14%

46.54%

116.64%

53.42%

1.90%

11.62%

34.29%

23.16%

EFFICIENCY

Debtor Days

Inventory Days

158

111

Payable Days

165

107

FINANCIAL HEALTH

Debt to Equity (x)

0.76x

0.43x

0.00x

0.05x

Interest Coverage (x)

3.08x

7.79x

53.74x

29.87x

1.21x

1.41x

1.57x

2.71x

GROWTH

Revenue Growth %

0.00%

48.94%

183.52%

61.70%

Operating Profit Growth %

0.00%

369.01%

323.80%

66.84%

Net Profit Growth %

0.00%

520.86%

378.93%

63.68%

0.00%

378.93%

-86.44%

VALUATION

P/E (x)

0.00x

22.75x

P/B (x)

0.00x

5.64x

Dividend Yield %

0.00%

0.00x

-0.19x

15.71x

Sep 2024

Mar 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

62.71

58.27

3.18

0.07

0.57

0.12

0.28

0.62

0.17

1.28

1.53

1.65

2.02

Government

0.00

33.50

37.05

35.44

35.64

39.81

39.43

Sathlokhar Synergys E&C Global Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Sathlokhar Synergys E&C Global Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI