business

SG Mart| Scalable growth prospects with huge addressable market| Good Time to Buy?

SG Mart operates in a massive total addressable market, which is traditional, fragmented, and unorganized. The company has carved out three revenue streams related to the steel sector. The first one is pure trading of metals - where it is already doing 50,000-60,000 tons of monthly volumes, which is two times the largest distributor in the country. Secondly, it has set-up service centers to provide processed steel to automobile and consumer durable OEMs. The third is the retail distribution business of non-steel pipe products for which SG Mart will be using the APL Apollo brand free of cost. Description: SG Mart, an APL Apollo group company, is an emerging tech-based B2B (business-to-business) marketplace for construction materials with a huge addressable market. The company is in the midst of a hyper growth phase as the share of online B2B marketplace in the domestic construction materials market is pegged at just 1-2 percent, very minuscule, compared to the US and China, where it is around 15-20 percent. For more details on the stock and the investment rationale, visit our Moneycontrol Research page #stockmarket #stockoftheday #bse #nse #stockstobuynow #stocksinfocus #stockmarketnews

first published: Nov 5, 2024 10:25 am