Synopsis:
The company secured a major Adani Wind order. With strong financial growth, diversified clientele, and a Rs 187 crore CAPEX plan, the company is well-positioned in the expanding global castings and wind energy market.
The shares of the prominent manufacturer of spheroidal graphite iron gained up to 10 percent in today’s trading session after the company bagged a significant work order from Adani New Industries Ltd.
With a market capitalization of Rs 869.86 crore, the shares of Synergy Green Industries Ltd were trading at Rs 563.00 per share, increasing around 8.25 percent as compared to the previous closing price of Rs 520.10 apiece.
The shares of Synergy Green Industries Ltd have seen positive movement after receiving a development order for 3.3 MW turbine parts from Adani Wind. The development phase is expected to be completed in Q3 FY26, with serial production scheduled to begin in Q4 FY26. With this new order, the company’s order book with Adani Wind is projected to double from Rs 20 crore in FY25 to Rs 40 crore in FY26, based on forecasted volumes.
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Looking forward to the company’s financial performance, revenue increased by 18 percent from Rs 82 crore in Q4FY24 to Rs 97 crore in Q4FY25. Further, during the same time frame, net profit increased by 33 percent from Rs 3 crore to Rs 4 crore.
The castings demand stands at 110 million metric tons, with China leading at 48.79 Mn MT, followed by India and the USA. Grey iron dominates material use. The automotive sector is the largest consumer (32%), followed by railways, pipes, and others. This highlights the casting industry’s diverse applications across geographies and sectors.
Synergy Green supplies to 50% of the world’s top 10 wind OEMs, including industry leaders like Vestas, Siemens Gamesa, and GE Renewable Energy. The company also caters to major non-wind clients like Terex and Flender, reflecting a diversified customer base across renewable and industrial segments with strong global reach.
Synergy Green plans a total CAPEX of Rs 187 crore across three key areas: Rs 60 crore for foundry expansion to 45,000 MT by Q2 FY26, Rs 30 crore for increasing solar power capacity to 10 MW by Q1 FY26, and Rs 97 crore for in-house machining, aiming for 20,000 TPA capacity by Q4 FY26, boosting efficiency and margins.
Synergy Green Industries Limited is an India-based company that is engaged in the foundry business. The Company is engaged in the manufacturing of wind turbine castings and other large precision castings. The Company also manufactures and supplies graded gray iron, spheroidal graphite iron, and steel castings in raw & machined conditions.
Written by Abhishek Singh
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