Sejal Glass Limited (SEJALLTD) AI Stock Analysis

• Market Cap: ₹7.10B
• Dividend Yield: N/A
• Average Volume (3M): 7.31K
• Price to Earnings (P/E): 36.3
• Beta (1Y): 1.18
• Revenue Growth: 46.74%
• EPS Growth: 281.49%
• Country: IN
• Employees: 300
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): 4.86
• Shares Outstanding: 10,100,000
• 10 Day Avg. Volume: 1,792
• 30 Day Avg. Volume: 7,313
• PEG Ratio: 0.15
• Price to Book (P/B): 10.07
• Price to Sales (P/S): 1.57
• P/FCF Ratio: -27.34
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: ₹631.00 ▼(-26.20% Downside)

The score is primarily held down by weak financial quality (low profitability, high leverage, and negative cash flows). Technicals also remain bearish with the stock trading below key moving averages, despite very oversold readings. Valuation offers limited support given the elevated P/E and no dividend yield data.

Positive Factors

Strong Revenue Growth

Sustained top-line expansion demonstrates rising demand and improved market penetration in architectural glass. Over 2-6 months this supports scale benefits, capacity utilization gains and the potential to leverage fixed-cost absorption to improve margins if cost control follows revenue traction.

Improving Equity Base

A stronger equity position increases financial resilience and lowers insolvency risk long term. Improved shareholder equity enhances borrowing capacity for capex or working capital, supports strategic investments, and provides a buffer against cyclical construction downturns.

Value‑added Product Mix

Focus on value-added processed glass creates higher realization per unit and deeper customer integration with fabricators and projects. Durable product differentiation supports recurring project work, margin premium opportunities and resilience versus plain float glass commodity pressure.

Negative Factors

Low and Volatile Margins

Persistently weak and fluctuating margins limit retained earnings and the firm's ability to self-fund growth. Over months this raises sensitivity to input cost swings and project mix, undermining predictable profitability and constraining long-term investment and margin recovery.

High Leverage

Elevated leverage increases fixed servicing obligations and reduces financial flexibility. In a cyclical construction market this heightens refinancing and solvency risk, can crowd out strategic investments, and limits the company's ability to withstand prolonged demand slowdowns.

Negative Operating Cash Flow

Ongoing negative operating and free cash flow erodes liquidity and forces dependence on external financing. Over time this raises financing costs, constrains capex and working-capital management, and increases vulnerability to interest-rate or credit-market tightening.

Sejal Glass Limited Business Overview & Revenue Model

Company Description

Sejal Glass Limited manufactures and sells value added glass in India and internationally. It offers solid, kool, tone, fort, armor, decor, fireban, lunaro, patterned, clear, extra clear, body tinted, solar reflective, and pyrolytic or soft coated glass products. The company was formerly known as Sezal Glass Limited and changed its name to Sejal Glass Limited in March 2014. Sejal Glass Limited was incorporated in 1998 and is based in Mumbai, India. Sejal Glass Limited is in the Corporate Insolvency Resolution Process as per the provisions of the Insolvency and Bankruptcy Code 2016.

How the Company Makes Money

Sejal Glass Limited generates revenue primarily through the production and sale of its glass products. The company has multiple revenue streams including direct sales to construction companies, collaborations with architects and interior designers, and partnerships with retailers and distributors. Additionally, SEJALLTD benefits from export opportunities, supplying glass products to international markets. Significant partnerships with key players in the construction and automotive industries enhance its market reach and contribute to stable earnings. The company's focus on research and development also allows it to introduce new products, catering to evolving customer needs and driving additional sales.

Sejal Glass Limited Financial Statement Overview

Summary

Strong revenue growth is offset by weak profitability (low/volatile margins), high leverage risk (elevated debt-to-equity), and pressured liquidity from negative operating and free cash flow.

Income Statement

Sejal Glass Limited has shown substantial revenue growth over the years, especially from 2024 to 2025, indicating a positive growth trajectory. However, net profit margins remain low due to high expenses, and EBIT margins have shown volatility, reflecting operational challenges. The company needs to focus on improving efficiency to boost profitability.

Balance Sheet

The company's debt-to-equity ratio is high, suggesting significant leverage which poses financial risk. The equity ratio is relatively low, indicating limited financial stability. However, there has been an improvement in stockholders' equity over the years, which is a positive sign of strengthening financial position.

Cash Flow

Sejal Glass Limited has faced challenges with negative free cash flow, which affects liquidity. Operating cash flow has also been negative, indicating potential cash management issues. Despite this, the company has managed to improve its financing cash flow, which could support short-term obligations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.68B	2.44B	1.64B	464.27M	239.33M	100.20M
Gross Profit	972.29M	950.91M	575.86M	159.54M	54.92M	-38.88M
EBITDA	402.26M	339.68M	203.80M	29.09M	1.49B	-124.85M
Net Income	139.52M	109.61M	33.05M	78.51M	1.47B	-184.15M
Balance Sheet
Total Assets	0.00	2.85B	2.30B	506.88M	433.51M	532.05M
Cash, Cash Equivalents and Short-Term Investments	74.77M	74.77M	25.75M	15.47M	8.96M	8.82M
Total Debt	0.00	1.83B	1.62B	312.79M	331.84M	639.16M
Total Liabilities	-385.01M	2.46B	2.01B	366.92M	372.06M	2.04B
Stockholders Equity	385.01M	380.90M	291.12M	139.96M	61.45M	-1.51B
Cash Flow
Free Cash Flow	0.00	-140.28M	-485.12M	-42.28M	-80.68M	27.06M
Operating Cash Flow	0.00	-56.96M	-91.88M	-26.73M	-60.09M	27.40M
Investing Cash Flow	0.00	-3.59M	-406.99M	75.02M	-18.57M	1.55M
Financing Cash Flow	0.00	90.66M	486.32M	-41.77M	38.94M	-34.46M

Sejal Glass Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 855.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SEJALLTD, the sentiment is Negative. The current price of 855 is above the 20-day moving average (MA) of 754.64, above the 50-day MA of 834.26, and above the 200-day MA of 649.88, indicating a neutral trend. The MACD of -44.77 indicates Positive momentum. The RSI at 38.92 is Neutral, neither overbought nor oversold. The STOCH value of 23.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SEJALLTD.

Sejal Glass Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MURUDCERA	56 Neutral	₹2.00B	19.88	―	1.44%	10.18%	28.03%
REGENCERAM	49 Neutral	₹1.17B	80.96	―	―	574.56%	―
ORIENTALTL	48 Neutral	₹529.99M	4.59	―	―	293.84%	―
PEARLPOLY	44 Neutral	₹324.41M	-5.70	―	―	―	―
SEJALLTD	41 Neutral	₹7.10B	36.29	―	―	46.74%	281.49%

Sejal Glass Limited Corporate Events

Sejal Glass Appoints New Statutory Auditor for UAE Material Subsidiary

Sejal Glass Limited has appointed N R Doshi and Partners – Public Accountants L.L.C., as the statutory auditors of its material UAE-based subsidiary, Sejal Glass and Glass Manufacturing Products LLC, effective January 13, 2026. The move strengthens the subsidiary’s financial governance framework by engaging a long-established Dubai-headquartered firm that is consistently ranked among the top audit practices in the UAE, signaling an emphasis on robust compliance and oversight for the company’s international operations.

Sejal Glass Schedules Investor Meeting with Green Portfolio

Sejal Glass Limited has announced a scheduled one-on-one virtual meeting with M/s. Green Portfolio and their investors on November 28th, 2025. This meeting is part of the company’s efforts to engage with investors and provide updates on its operations, potentially impacting its market positioning and stakeholder relations.

Sejal Glass Limited Releases Earnings Call Transcript for Q2 & H1 FY’26

Sejal Glass Limited has released the transcript of its recent earnings conference call, which was held to discuss the company’s operational and financial performance for the quarter and half-year ending September 30, 2025. This release is part of the company’s compliance with SEBI regulations and provides stakeholders with insights into its financial health and strategic direction.