Sigachi guides for ₹650-675 cr revenue in FY27 as margins target recovery
Management expects EBITDA margins to bounce back to 18-20% in the coming fiscal year, while a new 12,000-tonne MCC plant is on track for a Q4 launch.
— 2 earlier stories on Sigachi Industries Ltd. →What's new
- Sigachi guided for FY27 revenue of ₹650-675 cr with EBITDA margins recovering to 18-20%.
- The Dahej MCC facility is planned for commercial launch by Q4 FY27, with a CCS unit pushed to Q1 FY28.
- Insurance payout for the fire-hit Hyderabad plant is expected by late June 2026.
Why this matters
The guidance sets the bar for Sigachi's recovery story. An 18-20% EBITDA margin range is ambitious given the current 75-80% utilisation at existing MCC facilities. The delay on the CCS unit to FY28 removes near-term capacity upside, leaving the Dahej MCC plant as the primary growth lever for the back half of FY27.
What we're watching
- The ramp-up pace at Dahej from Q4 FY27 onwards.
- Whether existing MCC utilisation breaks above 80% as safety protocols normalise.
- The final business interruption claim amount after the 12-month waiting period.
The full read
Sigachi Industries has set its FY27 targets, guiding for ₹650-675 crore in revenue and a margin recovery to 18-20% EBITDA. The Dahej MCC plant, which adds 12,000 metric tonnes of capacity, is the critical piece, scheduled for a Q4 FY27 launch. The CCS unit is delayed, pushing some capacity expansion into FY28. The numbers are set against a backdrop of partial recovery. Existing MCC units run at 75-80% utilisation, a level management expects to improve. On the insurance front, an ad-hoc payout for the Hyderabad fire is due by late June 2026, but the business interruption claim is a longer wait. The FY27 plan hinges almost entirely on Dahej ramping up on time.
Questions answered
- What is Sigachi's revenue guidance for FY27?
- Management is guiding for ₹650-675 crore in revenue for fiscal year 2027, with a target EBITDA margin of 18-20%.
- When will the new Dahej plant be operational?
- The 12,000 metric tonnes per annum MCC facility at Dahej is expected to be commercially operational by the fourth quarter of FY27. The smaller 1,800-tonne CCS unit has been delayed and is now planned for Q1 FY28.
- What is the status of the insurance claim for the Hyderabad fire?
- Sigachi expects an ad-hoc insurance payout for the fire-damaged Hyderabad plant by late June 2026. A separate business interruption claim will be assessed after a 12-month waiting period concludes.
- How are Sigachi's existing manufacturing facilities running?
- The company's existing MCC facilities are currently operating at 75-80% utilisation. Management stated that utilisation should improve further as normal safety protocols are re-established following the fire incident.
Story so far
All notes on SIGACHI →- 5 Jun 2026 · 12:39 PM IST Sigachi guides for ₹650-675 cr revenue in FY27 as margins target recovery
- 6d ago Sigachi pushes Hyderabad recovery to mid-2027, gives mixed FY27 guidance
- 6d ago Sigachi's FY26 loss of ₹82.8 cr confirms the fire's full financial toll