Sobhagya Mercantile Ltd (512014) — FY26 Annual Report | 5 September 2026

Sobhagya Mercantile Limited (SML) reported a 47.82% YoY revenue increase to ₹23,250.41 lakhs in FY 2025-26, driven by growth across infrastructure, mining, and steel segments. PAT rose 41.90% to ₹2,203.87 lakhs, though EBITDA margin declined to 15.33% from 16.23% due to higher input costs and project mix shifts. The company secured environmental clearance for its Marki Mangli-IV coal mine, incorporated a critical minerals subsidiary (Vadakhol Asoli Mining), and entered irrigation via a ₹260.53 crore Adyal Lift Irrigation Scheme JV. SML reappointed Shrikant Bhangdiya as Managing Director for 5 years and appointed Mrs. Aarti Bhangdiya as a Non-Executive Director. No dividend was recommended. The Board highlighted strategic focus on scaling steel manufacturing, expanding mining operations, and leveraging infrastructure growth under India's Union Budget 2026-27 (₹12.2 lakh crore capex).