Founded in 2013, Sathlokhar Synergys E&C Global Limited (SSEGL) is a leading construction and engineering company providing specialized engineering, procurement, and construction (EPC) services for the construction of buildings and infrastructure facilities. Initially incorporated as 'Lohats Ventures Private Limited', the company later adopted its current name. Its registered office is located in Kanchipuram, Tamil Nadu.
Sathlokhar Synergys operates as an integrated construction and engineering company with a comprehensive service portfolio. It serves a diverse range of sectors including industrial, warehousing, commercial, institutional, pharmaceutical, solar projects, hospitals, hotels, resorts, and villas. Additionally, the company provides installation of mechanical, electrical, and plumbing (MEP) networks in its construction projects.
The company has demonstrated strong financial growth in recent years. For the full financial year FY2024, net profit surged 384.8% to ₹26.18 crore on a 183.5% jump in net sales to ₹246.97 crore compared to FY2023. The company's revenue increased by 183.77% and profit after tax (PAT) rose by 380.51% between March 31, 2023, and March 31, 2024.
The company's recent trailing twelve-month performance shows continued growth momentum, with an operating revenue of ₹692.74 crore. An outstanding annual revenue growth of 62%, a healthy pre-tax margin of 14%, and an exceptional Return on Equity (ROE) of 24% underscore its robust operational efficiency.
• Revenue (Trailing 12-Months): ₹692.74 Crore
• Revenue (FY24): ₹246.97 Crore
• Profit (FY24): ₹26.18 Crore
• Profit Growth (CAGR over 5 years): 79.6%
• ROE (3 Years): 51.1%
• P/E Ratio: 23.50
• P/B Ratio: 24.80
• Market Capitalization: ₹1,005.11 Crore (as of June 19, 2025)
• Promoter Holding: 62.71% (as of March 2025)
• Debt Status: Almost debt-free
Sathlokhar Synergys has established a strong geographical presence, completing projects in four Indian states: Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal. The company also undertakes EPC projects for government agencies through competitive bidding processes.
In the renewable energy sector, Sathlokhar Synergys provides solutions focusing on solar power installations and energy-efficient technologies. It serves both residential and commercial sectors, promoting sustainable energy practices. The company is an authorized dealer of TATA Power Solar Systems Ltd., offering installation, sales, commissioning, and maintenance services for its products.
The company has secured significant orders, building a robust pipeline for future growth:
- June 18, 2025: Won an INR 6.20 Crore civil work order for a Chennai factory, bringing the total order book to INR 876.86 Crore over 10-12 months.
- June 4, 2025: Secured orders worth INR 33.71 Crore and INR 30.31 Crore, pushing the total order book beyond INR 830 Crore, with delivery expected by March 2026.
The total order value stands at ₹219.22 crore, with project completion anticipated by March 2026. This strong order book provides clear visibility into the company's future revenue streams and growth prospects.
Sathlokhar Synergys is almost debt-free, with a strong balance sheet that enables stable earnings growth across business cycles. This financial strength provides the company with the flexibility to pursue growth opportunities without excessive leverage.
The management team includes G Thiyagu as Chairman and Anila Prasad Sahoo as the Company Secretary. As of March 2025, company promoters held a significant 62.71% stake, with no shares pledged. The company maintains a lean organizational structure, employing 118 people across various departments including accounting, finance, HR, administration, engineering, operations, procurement, and safety.
Sathlokhar Synergys E&C Global's IPO bidding took place from July 30, 2024, to August 1, 2024. The shares were listed on NSE SME on August 6, 2024. The IPO price band was set at ₹140 per share, and the scrip listed at ₹260, a premium of 85.71% over the initial public offer price.
The IPO was significantly oversubscribed, reaching 134.56 times. Prior to the IPO, on July 29, 2024, Sathlokhar Synergys E&C Global raised ₹25.30 crore from anchor investors.
While the company has demonstrated strong growth, certain operational metrics require attention. Debtor days have increased from 59.0 to 123 days, and working capital days have risen from 75.3 days to 114 days. These indicators suggest potential challenges in collections and working capital management that need to be addressed.
Despite these operational hurdles, Sathlokhar Synergys operates in a sector with significant growth potential, driven by India's ongoing infrastructure development and increasing adoption of renewable energy. The company's specialized expertise in EPC services and its growing order book strategically position it to capitalize on these emerging market opportunities.
