Note: This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon.
Sejal Glass Limited (NSE: SEJALLTD) Q4 2026 Earnings Call dated May. 12, 2026
Corporate Participants:
Ganesh Nalawade — Investor Relations
Amrut Gada — Promotor
Chandresh Ramji Rambhia — Chief Financial Officer
Analysts:
Rohit Bahirwani — Analyst
Unidentified Participant
Umakant Sharma — Analyst
Presentation:
Operator
Ladies and gentlemen, good day and welcome to Sejal Glass Limited Q4 and FY26 earnings conference call hosted by Careen Advisors. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing Star then zero on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr.
Parth Acharya from Kirin Advisors. Thank you. And over to you sir.
Ganesh Nalawade — Investor Relations
Thank you. On behalf of Kirin Advisors, I welcome you all to the conference call of Stage Last Limited. From the management team we have Mr. Amrut Kara, promoter of the company and Mr. Chandrash Sambia, CFO with that, now hand over the call to Mr. Amrut Kara for the opening remarks. Over to you sir.
Amrut Gada — Promotor
Good afternoon everyone and a very warm welcome to all our investors, analysts and shareholders joining us Today for the Q4 and full year FY26 earning conference call of SIL Glass Ltd. We sincerely appreciate your continued trust and support. At SIL Glass we have spent more than two decades building a strong foundation as one of the leading manufacturer of high quality architecture glass solutions. Our offering cater to diverse set of end users industries including residential and commercial real estate infrastructure, industrial applications and emerging segments such as data centers and high security installations.
With advanced manufacturing facilities in India and uae, a wide product portfolio and strong customer ecosystem, we continue to position ourselves as a comprehensive solutions provider in the architectural glass space. FY26 has been a year of strong and consistent growth of Sejal class with an improvement across all key financial parameters driven by scale expansion and better operating efficiencies. Starting with the quarterly performance in Q4FY26, we reported a total consolidated income of 116.85 crore as compared to 67.90 crore in Q4FY26 registering a growth of over 72% year on year.
This was driven by healthy execution, improved tractions in value added product and contribution from recently integrated facilities. Consolidated EBITDA for the quarter stood at 20.47 crore with a margin improving to 17.5% from 14.5% last year supported by better product mix and operating leverage. Profit after tax on consolidated basis for the quarter came at 11.42 crore growing over 200% year on year with a net profit margin of 89.8%. Moving to full year performance for FY26 total consolidated income student 401.36 cr as compared to 244.95 cr in FY26, reflecting a growth of approximately 64% and crossing the 400 crore milestone.
Consolidated EBITA for the year was 66.32 crore up nearly 88% year on year with a margin improving 16.5 from 14.4%. Profit after tax 2 debt 29.03 crore on console level growing over 160% year on year with a net net profit margin improving to 7.2% from 4.5%. Total comprehensive income for the year stood at 35.94 crore as compared to 9.03 crore of FY25 reflecting a growth of 298%. This performance is a reflections of our focus strategy over the last few years, strengthening our core operations, improving our product mix and scaling our value added offering.
As highlighted in our previous interactions, our efforts towards integrating acquired assets and enhancing utilization levels are now beginning to translate into the financial performance from an industry standpoint, the demand environment remains highly supportive. The real estate sector continue to witness steady momentum particularly in premium and. Mid income housing. Commercial leasing, especially in office space and data centers remain robust. Additionally, infrastructure investments across airports, metro rail, healthcare and institutional projects continue to drive demand for architecture glass solutions.
A key structural trend that continue to benefit our business is the increasing focus on energy efficiency and and sustainable construction. Rising temperature, higher energy cost and stricter building regulations are accelerated the adoptions of insulated and laminated glass solutions which align well with our product portfolio. Looking ahead, we remain optimistic about our growth. Our key focus area will include scaling our value added and high margin product segments, improving capacity utilization across newly integrated facilities, expanding our presence across key geographics in India and GCC region and increased footprints in global market as revenue of experts strengthening relationship with the developers, architect and institutional clients, driving operational efficiency through technology and process improvement.
We also expect better contribution for our newer product line and acquired facility as they move forward. Optimal utilizations we should further support both growth and margin expansion in the coming periods. At Sigil Glass, our vision goes beyond manufacturing. We aim to deliver solutions that enhance space within with a combination of safety, performance and design excellence. With strong industry tailwinds, a robust operational backbone and disciplined approach to growth, we believe we are well positioned to create a long term sustainable value for all of our stakeholders.
On that note, I would like to thank all of you once again for joining us today. We will now open to the floor for the questions. Thank you,
Questions and Answers:
Operator
Thank you Very much. Ladies and gentlemen, we will now begin with the question and answer session. Anyone who wishes to ask a question may press star and one on their touchstone telephone. If you wish to remove yourself from the question queue, you may press star and two participants are requested to use handsets while the question queue assembles. Ladies and gentlemen, we will wait for a moment while the question queue assembles. Thank you. We take the first question from the line of ABHI Jain from AJ Capital.
Please proceed with your question.
Ganesh Nalawade
Hi, good afternoon sir. Hope I am audible.
Amrut Gada
Yeah, good afternoon
Ganesh Nalawade
Sir. I think it would be helpful if you just address the ginning bottle. The question that probably all the investors would have right now in terms of the UAE operations and how do you see the future outlook of it? How is Q1 shifting out? If you can just give us some flavor on how it will shape that and what are your thoughts on how long this disruption can go on and whether it affects your top line and your margin?
Amrut Gada
Yeah, particularly on the uae. I was last year for three days at Dubai and visited also plant and customer also. So apparently looking at the situations there is a little bit slowdown in the real estate. But looking at our company, we have the order book positions which is at very good right now we are at around 60 millions order book position and Q1 like for example last month we have done 10.2 million turnover and may also I think we will maintain that. So if the today’s situations these are less terminal and little bit of improvement on supply chain, we are going to close around 31 million object to the situations, you know, should not become more robust.
So that’s about the 1/4 and we have a right now enough book order book positions and certain orders are in pipeline. So if the situations, you know, remain improved and the supply chain doesn’t affect much more, I think even Q2 with the little bit of improved version we will close by 35 million. That’s what right now we can see the visibility here. And because of this all UAE situations we have also we have changed little bit of strategy that focus area. Now we are also, you know, aggressively working on African market and other part of uae.
Ganesh Nalawade
That’s helpful, sir. So could you give us some more nuance around the margin and do you think that margin will be impacted by this situation and overall just on a consolidated level?
Amrut Gada
Yeah, yeah. There will be of course the raw material cost as an impact. But I think, you know we are able to transport around 80% of the incremental 80 to 90% to the customer. So There will be little bit of, you know, margin impact on EBITDA. Maybe you know, 1% or 1.5% but that’s also chance. But I don’t see that, you know, much more impact in this quarter. Particularly going forward. If the situation going worse then there will be impact. But as on, as on today, our operations are stable at 10.2 to 10.5 million per month with a reasonable margin.
Ganesh Nalawade
So I think, you know, last time you were telling us that margin you’re targeting around 18 for FY27. For FY27 you’ll be able to maintain anything. And so just some more.
Amrut Gada
16.55.
Ganesh Nalawade
Yeah,
Amrut Gada
The total EBITDA level. And I think this year, you know, some value added product like fire product will also start in Q2 or beginning of Q3 and certain other value added product also getting in the market gradually. So I think we will maintain around 18% or 17.5 to 18% EBITDA.
Ganesh Nalawade
And also the facade
Amrut Gada
Business we have there, there is also a good order book position. So maybe this will impact at a consolidated 1%.
Ganesh Nalawade
Right. Can you also finally last session give us some flavor around what makes Sebral special? I mean the hydro that we are seeing, you know, the EBITDA margin that we are seeing. Can you give us some idea about who your customers are and if there are some market clients and how do you
Amrut Gada
B2B and B2C so the developers are our clients but installations, contractors are the fabricators who buy from us. But there is a, you know, influence or the in decisions of the product architect and developers play a vital role.
Ganesh Nalawade
Okay. And sir, how do you see the next two, three years unfolding for you? I mean you are in a high growth obviously. But how do you see FY29 or FY30? Where do you see yourself at? If you can just give us some understanding of what your plans are for the medium term,
Amrut Gada
The next two to three years. I will first tell about FY27. If the things are, you know, in a moderate situations, in line with the growth of India story and little bit, you know, the disturbance of uae, I think we will, you know, minimum we will improve by 25% growth and things are better in UAE then we are going to cross 40% improvement from last this FY26 number one. And there will be a little bit of improvement around 1.5 to 2%, 1 to 1.5% in EBITDA. And secondly, we are also, you know, planning to expand in India because right now over 70% of the revenue is coming from UAE.
That also we want to, you know, do some balancing as India is also growing. So this year I think it will be 60, 40 and thereafter it will be 50, 50. So India capacity this last year over to expansion and acquisition will have a capacity utilization. And we are also, you know working on opportunity of acquisition in India going down after two to three years. I think we will be in a very better position, number one. Number two, we will be the largest by capacity in India and largest by the market share.
And with a very good operating EBITDA and the PET. Portfolio going new geographies export market. You started European market from India. We got the order in this quarter.
Ganesh Nalawade
That’s wonderful, sir. That’s some bullish commentary. I’m sure all the investors will be happy looking at your positive outlook and given all the disruption, you’re still so bullish. So that’s wonderful and all the best and we’ll be on the journey with you. Thank you. Thank you.
Operator
Thank you. We take the next question from the line of Rohit Pahirwani from Vijit Global Security. Please proceed, sir.
Ganesh Nalawade
Yes.
Rohit Bahirwani
Thank
Ganesh Nalawade
You so much for giving me the opportunity. First of all I would like to congratulate the management for giving such good performance in Q4. My first question is related to the new verticals which management mentioned. Also the earlier commentary. If you could give just timelines related to different verticals. You mentioned tire safety glass, there was bulletproof glass also earlier. The company is also working in railway segment. So if you could provide us the timelines as to when can we expect the revenues to start coming in from these verticals and how much as a percentage these can contribute to the total consolidated revenue in this year.
Amrut Gada
The railway already we have started little bit. We are now, you know started filling the tenders. So there is a level one, level two. So one or two order we got and we are bidding for Vande Bharat also and AC coaches also. So railway has been started. But generally looking at the consolidated there will be around 2 to 3% of total revenue from the railway. 2 to 3%. Second fire product, fire technology. We have signed from the Spain that product will go in the market in Q3 product. And certain this standard product which we are working that also in the trial of the production it also will go in the market in Q3.
That standard. This digital productions decorative product that also will go in. But you know apparently this all new product will contribute around the 5 to 7% this year. Not much.
Ganesh Nalawade
Okay. Okay. And any outlook for next year? Can this go to let’s say 15. Next year
Amrut Gada
It will go to 15 to 20%.
Ganesh Nalawade
Okay. Okay. That’s great. That’s great. My second question is related to the capacity utilization in India units. So if you could provide us capacity utilization separately for Glasstek as well as for sales and Glass existing units. What is the current utilization and at what level do you expect this year to end?
Rohit Bahirwani
So the capacity utilization in Silvata units per se it is the tempering capacity utilization is around 64%. Our IG is 30% and lamination is 87%. Whereas on the glass tech units like Kalosa is around at 33%. On tempering IG is around 21% and lamination is around 8%. For erode the unit tempering is around at 13% and IG is at 3%.
Ganesh Nalawade
And closing targets at what rate can we expect this year to be closed in grass? Second Silvasa mode
Rohit Bahirwani
This year Silvasta the tempering capacity more or less it will be in the range of 75%. IG we are expecting more than 50% this year. Lamination we are expecting 90 to 95%. And Saloga and Europe together we are expecting that tempering should go more than 50% and IG and laminate will contribute around 30%.
Ganesh Nalawade
Okay. Okay. And have we reached EBITDA break even in Glasstech yet or it is still large?
Rohit Bahirwani
We are at break even.
Ganesh Nalawade
Okay. Okay. And are you expecting this year lasted to become profitable? And yes, yes. What can be the EBITDA margins for this year?
Rohit Bahirwani
This quarter we are expecting at least 10% EBITDA positive.
Ganesh Nalawade
Okay. Okay, that helps. Thank you so much sir. I will join back the queue.
Operator
Thank you. The next question is from the line of Sanki Bansal, an individual investor. Please go ahead.
Ganesh Nalawade
Hello. Thank you for the opportunity. I just want to ask particularly about the UAE operation. I think the previous challengers have also asked about the UAE sales and profitability. But my main concern is that when we are seeing the debtors pertaining to specifically to UAE business. So are the payments and everything is on time or these debtors how we are securing these debtors? Because we have seen that in UAE people are asking difference and you can say extended the time period for payment. So can you highlight from the debtors point that how much debtors in the book pertaining to UAE or is there any write off or any delinquency you have seen in the books?
Rohit Bahirwani
So as of now we are not facing such issues because our all the payments are coming on the due dates as of now. So till now no One has extended their deadlines. I mean the due dates, whatever that due date checks or the PDC has been given are being honored as of now because our list is accordingly all are the well known facade companies or the developers with whom we are working. So there is zero B steps and zero delay inside and that’s what we are expecting continue even in the scenario also.
Ganesh Nalawade
Okay. Okay, that’s great. And as you have highlighted in the guidance that in the current year we are expecting 25 growth. So that means we are targeting 500 odd crore and the mix will be 60 40. So that means we are not predicting any meaningful growth in UAE. And I think the main focus will be on India growth. Maybe we are doubling the top level in India, is that correct?
Rohit Bahirwani
So UE growth will be there compared to last year. Yes, there will be a growth of around 2020% considering the situation remain moderate situations, whatever is there. And there is an improvement in the situation what we are expecting. And we had already considering some expansions in UAE where we had already ordered some machines which are yet to be installed because of this geopolitical it was delayed by one quarter. So we’re expecting that the Q2 or Q3 we will be installing this machine then it will start producing.
And apart from that also targeting some geographical geographical changeover in the UE market. Also that considering the other countries from uae.
Ganesh Nalawade
Okay. And I have saw your interview on tv I think you have highlighted that you guys are also planning for second edge acquisition which is under due diligence. So what is the current status of that where we are we?
Rohit Bahirwani
No, it is still under the process so it will take some time.
Ganesh Nalawade
Okay. And what is the current debt outstanding in the book and how we are planning to reduce in the coming future? Because I believe this year we have generated a very good cash flow from from operation. So what is the debt reduction planning in near future?
Rohit Bahirwani
The debt reduction already been considered in the last quarter in the quarter three as such we had repaid some of the promoter outstanding loans from Seijalglas India. And now as of now the consolidated debt is around 138 crore. So in this the majority is from the banker’s term loan which are which are going on as per the scheduled payment. And around those 60 or 70 crore is again funded through a promoter group.
Ganesh Nalawade
Okay. Because I think There is some 75% outstanding amount which we have to call on equity warrants, correct? I think for lakh equity warranty. So is there any plan how we going to be utilizing that money
Rohit Bahirwani
So that as of now we are see that call is within 18 months. So definitely the plans or the acquisitions what we are thinking of it will be structured in that.
Ganesh Nalawade
Okay. Okay. So for UAE new machine. Are we planning to take more debt for sending of that machine or from internal approval? We have procure that machine.
Rohit Bahirwani
It will be mix of internal and some debt. Term debt will be there some debt local banks or UAE bank. We had already paid some advances which were through the internal accruals.
Ganesh Nalawade
Okay. Okay, fine. Thank you.
Operator
Thank you. We take the next question from the line of Kapoor from Investire investment. Please proceed.
Chandresh Ramji Rambhia
Yeah. Hi. Am I audible?
Rohit Bahirwani
Yes. Yes.
Chandresh Ramji Rambhia
Yeah. Hi. So first of all congratulations on a great set of numbers. So my question is particularly regarding your India business. Look at the standalone numbers along with Glasstek performer numbers. I think last year you all did around 126 crores. If Glass tech was included like you’ll acquire in April 25th. But after including that. So there’s a degrowth in India numbers. If I include Glasstech particularly why
Rohit Bahirwani
Without glasstech we did only 63 cr.
Chandresh Ramji Rambhia
Yeah. So if I include performer GL because you done 63 crore and GL also before acquisition Glasstech was doing 63 crores, right?
Rohit Bahirwani
No, it was not there. Gltech came only in the.
Chandresh Ramji Rambhia
I agree it came in May. But I’m saying before acquisition also it was generating a turnover. Right. For the previous company. So I’m saying both of them combined like seen as a degree. Yes,
Rohit Bahirwani
Agreed.
Chandresh Ramji Rambhia
So why is that so?
Rohit Bahirwani
Because after taking over there were certain consolidations and re engineering was required to be done because their system was different. The another thing is that that 63 was include some trading part also which they had internally was doing. And apart from that the there was a machine which were required to be overhauling and re engineering to meet the required capacity utilizations. And some labor related things were also required to be kept in place. So all this has taken some two quarters actually.
And we have started operation in Taloja only from the June and that was only nine months or ten months. And Erod we started from July onwards. So nine months only.
Unidentified Participant
So what is the turnover of Glasstek individually for this year?
Operator
Line for the management is connected. Please remain connected while we connect the management back to the call. Sam. Ladies and gentlemen, we heard the line for the management reconnected. So please proceed.
Chandresh Ramji Rambhia
Yeah. So what is the turnover for glasstek individually for FY26
Rohit Bahirwani
This year? Crores around 40 crores.
Chandresh Ramji Rambhia
40 crores. And what is the outlook for the India business for FY27 combined. Like how much are you going to
Rohit Bahirwani
27 CE we are considering total overall 500 crore plus. In that 40% will be India
Chandresh Ramji Rambhia
200 and last tech should be above 100 like
Rohit Bahirwani
Plus.
Chandresh Ramji Rambhia
Okay, and
Rohit Bahirwani
What we are expecting.
Chandresh Ramji Rambhia
Okay. And my last question is regarding your margins In India business like are not picking up despite last two years. So is it the competition from the unorganized space or what is the main reason like for that?
Rohit Bahirwani
The first is that this year because the glass tech units has given a negative margin. So that has impacted otherwise India we are expecting 15% EBITDA.
Chandresh Ramji Rambhia
So if you
Rohit Bahirwani
See only Silvasa plant it is giving more than 17 to 18% EBITDA margin. Because that is an established plant now only thing is that we are working more on the product mix. The shift is from the only plain tempered glass to a laminated glass and the the IG glass. And apart from that this still we are working on the digital printed or the other value added glass which will improve further margins.
Chandresh Ramji Rambhia
Okay, and how’s the floor glass pricing like recent low material price hike. How is it increased as such like last two months.
Rohit Bahirwani
See last two months there is an increase around 8% in the glass prices. Because of this energy cost or the gas cost has been increased. So they had added the energy surcharge further. So 7 to 8% is the last price increase. But apart from that we are already in the new projects. Whatever we are the quotations are going. It has been captured in that. So whatever the glass price change it will be passed on to the customers.
Chandresh Ramji Rambhia
Okay, thank you. That’s it. From my side. All the best. Thank you.
Operator
Thank you. Before we take the next question, a reminder to all the participants. Anyone who wishes to join the question queue may press star N1 on their touchstone telephone. We take the next question from the line of Rachna Kukreja from Smipl. Please proceed.
Unidentified Participant
Thanks for the opportunity. I have two questions. My first question is on the gross profit margin. If we look for Q4 and the entire S5 26 for standalone business the gross margin has not improved so much. It has remained stable. But if for the consolidated business the gross margin has improved quite a bit. So if you could provide some color on gross margins for both standalone business and the consolidated business.
Rohit Bahirwani
So gross margin you mean sales minus cogs?
Unidentified Participant
Yes,
Rohit Bahirwani
So that it depends on the product mix what it is actually so generally 63%. 64% is our COGS cost. So around 33 to 34% is our gross margin. I wanted
Unidentified Participant
To know the Reasons for improvement in consolidated business and consolidation
Rohit Bahirwani
Business improves. Because in UAE the majority business is of IG and laminate. There is no plain tempered sale. So where the margins are little bit more. Because in India the mix, the sale mix includes the temper sale also. So 60% business still in the India business is tempered plain tempered business where the cogs will be little bit higher. So overall cogs in a consolidated it will be better.
Unidentified Participant
Okay, so in India there is no way of improving the gross margins.
Rohit Bahirwani
It was there. So when the product mix change, the gross margin will definitely change because my cogs will come down.
Unidentified Participant
So I mean to say, is there, you know, high competition for the India business given that, you know. No, it is not about
Rohit Bahirwani
The competition, it is about the end user segment. So the. The slowly the segment is changing from plain temper to IG glass or lamination glass. As per the safety rules and change in the building engineering and the architects demand. So the specifiers are now specifying that the high end products to be used like laminated glass for reeling and the which are tempered and on the skyrise buildings has to be used laminated or in the IG glass. So that shift will come over a period of time. And going ahead it will definitely improve the cags.
It will come down to 61%. So that means 39% or the 40% margin will come as in gross margin. And apart from that, as our product mix includes our digital printed glass also wherever possible. And as we are working on the fire rated and the bullet resistant glass, so that contributions is also overall gross margin margin will be.
Unidentified Participant
Second question was in India business, you know, we had plans to diversify apart from the real estate sector to non OEM sectors. So how has that gained traction over the years? And if we compare the margins between the end sectors, how are the margins in non real estate business for us?
Rohit Bahirwani
So non real estate business as of now we are not having that much contribution in our total revenue. But definitely that non OEM also gives a good margin. So cogs will be better compared to this architectural plane in the construction industry.
Unidentified Participant
And if you could give some color on the glass tech business gross margins, is it in the same line as a corporate consolidated business or much higher?
Rohit Bahirwani
It is on a COGS front. It is yes, gross margins are similar to what we are in this.
Unidentified Participant
And one last question. You mentioned about, you know, passing on around 70 to 80% of the raw material cost to the custom end customer. So in the domestic business also we have done the same thing or is it more of the for The UAE business?
Rohit Bahirwani
No, no. Both. Both products are. It is a make to order kind of product what we are into. So definitely whatever the. Our cost of the glass is being passed on to the customers.
Unidentified Participant
Okay, thank you.
Operator
Thank you. We take the next question from the line of Pawan from Vyansh Ventures. Please proceed. Mr. Pravan, you’re live in the talk mode. Sir, please proceed with your question.
Umakant Sharma
Yeah, I just wanted to move with respect to same Gobind collaboration that we have. What are the benefits that we get? Because if the prices are being totally passed on to us, is there any benefit in terms of pricing that we get a little bit cheaper versus what others would choose otherwise?
Rohit Bahirwani
Yes. So generally it is always. The prices are always linked to the projects. So whenever the Sengobin glass are specified in some of the projects and that order has been given to us, we can renegotiate the pricing on that front. So which is not correct in the other suppliers or the. And apart from that we get a special fund sizes also sometimes so where we can reduce our wastage percentage. So that also helps. And apart from that the other benefit is that they have their Pan India sales team where they are specifying their glass in some of the projects.
So with this collaboration we also get into such negotiation at the stage of the finalizing the order. So in a way they work for us for marketing our products also.
Umakant Sharma
But the benefit is more marketing link. Do you get a cheaper rate versus what Sage would be probably giving some other peer in India?
Rohit Bahirwani
Yes, yes. Definitely get the price advantage. Price advantage is there. Size advantage is there and the order confirmation of
Umakant Sharma
Price advantage. Would you be able to sort of give us some quantification just to know the gravity of the price advantage that we get
Rohit Bahirwani
Always depends on the project to project. So generally we get the credit note. When order is finalized, the material Is lifted around 4 to 5%. The pricing, credit notes are given.
Umakant Sharma
Understood sir. Thanks a lot. That’s all from my side. Thank you.
Operator
Thank you. The next question is from the line of the Panchu Suman from Satva Ventures. Please proceed.
Rohit Bahirwani
Hello sir. Congratulations for very nice results. I just wanted to say double check on this stake under Dubai business. We are expecting about say 31 million
Ganesh Nalawade
In this. In this particular quarter. So are we saying that we are going to get some sort of flattening kind of revenue in the current quarter compared to quarter four?
Rohit Bahirwani
Sorry, what kind of revenue?
Ganesh Nalawade
So is it going to be flat compared to the fourth quarter?
Rohit Bahirwani
It will be in the same range of fourth quarter.
Ganesh Nalawade
Okay. And in India Business, what kind of growth are we expecting on a quarter and quarter? Because we are ramping up the new plants, acquired plants.
Rohit Bahirwani
So this quarter we are expecting around 20% growth in India business.
Ganesh Nalawade
Okay. So the India business should keep on growing every quarter. Right. Because like it’s at a very low kind of utilization. So. So what is our plan wise? Can you give the number? What kind of numbers are we aspiring for the full year?
Rohit Bahirwani
As we said that we are expecting around 200 crores from India over a year. 26, 27.
Ganesh Nalawade
And out of that 125 should come from the acquired entity. And Lastech.
Rohit Bahirwani
110 somewhere. And 90 crore from the existing Silvasa unit.
Ganesh Nalawade
Okay. 110 and 19. Thank you sir. Thank you.
Operator
Thank you. We take the next question from the line of Rohit Bahirwani from Widget Global Securities. Please go ahead with your question.
Ganesh Nalawade
Yes, thanks again. As the company is not paying any taxes on the India operations currently, just wanted to confirm, are you required to pay any taxes in India for the next two years?
Rohit Bahirwani
No, there is no tax outgo as of now.
Ganesh Nalawade
And for next year is there any liability which you are expecting?
Rohit Bahirwani
No, there is no liability for next year also.
Ganesh Nalawade
Okay. Okay. Thank you so much and all the very best.
Operator
Thank you. Ladies and gentlemen. As there are no further questions I would now like to hand the conference over to Mr. Parth Acharya from Kirin Advisors for closing comments.
Ganesh Nalawade
Thank you everyone for joining the conference call of Seizure Glass limited. If you have any further queries you can write us@researchadvisors.com Once again, thank you for joining the conference.
Amrut Gada
Thank you.
Operator
Thank you on behalf of Kirin Advisors. That concludes this conference. Thank you for joining us. And you may now disconnect your lines.