Synergy Green Industries Ltd. – Company Report
1. Company Overview
Synergy Green Industries Ltd. (SGIL), established in 2010, is a Kolhapur, Maharashtra-based leader in large and precision castings for wind turbines and heavy engineering applications. A part of the Shirgaokar Group, SGIL operates one of India’s most sophisticated foundries with an annual casting capacity of 30,000 metric tonnes. It supplies complex cast components—ranging from 3 to 30 tonnes each—to leading global OEMs in the wind energy, mining, and industrial sectors.
With a focus on high-performance iron and steel castings, process automation, and engineering support, SGIL is a preferred partner for critical applications. The company emphasizes design innovation, simulation, and in-house machining, supported by a lean team of ~203 professionals.
- Incorporated: 2010
- Headquarters: Kolhapur, Maharashtra, India
- Group: Shirgaokar Brothers (SB Reshellers Pvt Ltd holds 38%)
- Certifications: ISO 9001:2000
- Annual Capacity: 30,000 MT
- Market Cap (Aug 2025): ~₹818 crore
- Employees: ~203
- Clients: Adani Wind, Envision Energy India, mining & engineering OEMs
2. Products and Services
SGIL provides high-value, large-scale casting solutions across wind power and industrial markets:
Wind Turbine & Gearbox Castings
- Components: main frame, bearing housings, hubs, hollow shafts, pillow blocks, rotor parts
- Gearbox parts: carrier, bearing flange, planet carriers
Heavy Engineering & Mining Castings
- Crusher bases, platens, clamp cylinders, compressor housings, blower parts
- Castings for pumps, fans, compressors, infrastructure machinery
Materials and Capabilities
- Materials: SG iron, grey iron, and steel
- Weight range: 3–30 MT per component
- Moulding lines: Semi-automated fast-loop & floor moulding
- In-house: Design validation, casting simulation, machining, prototyping
Turnkey Solutions & Exports
- Raw and machined castings for Indian and international markets
- Engineering and project management services for critical applications
Ancillary Offerings
- Low-volume specialty products: pressure/vacuum blowers, boiler fans, dust collectors, man coolers
3. Recent News and Business Highlights
Vestas (August 2025):
- The company has secured orders worth ₹167 crores from Vestas for 2026 and produced India's largest wind turbine casting for Nordex.
Major Capacity Expansion (August 2025):
- The company is expanding its manufacturing capacity from 30,000 to 45,000 metric tons annually as part of a ₹187 crore investment plan. This includes foundry expansion, in-house machining capabilities, and increased solar capacity.
Adani Wind (July 2025):
- SGIL won a development order for 3.3 MW turbine castings. Serial production expected in Q4 FY2026. Adani order book projected to rise from ₹20 crore (FY2025) to ₹40 crore (FY2026). SGIL is already a key supplier for Adani’s 5 MW turbine components
Envision Energy India (2025):
- Long-term supply agreement signed for wind turbine castings. Development timeline: ~6 months; production to begin H2 FY2026. Expected volume: >10,000 MT per year over the next 3 years
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Revenue from Operations | ₹362 crore |
| Net Profit (PAT) | ₹16.89 crore |
| EPS | ₹10.87 |
| Operating Profit Margin | 14% |
| Net Profit Margin | 4.66% |
| Return on Equity (ROE) | 22% |
| Dividend Payout % | 9% |