Sarthak Metals Ltd
NSE: SMLT BSE: 540393Metal
Incorporated in 1995, Sarthak Metals Ltd manufactures and sells cored wires, ferro alloys, aluminium wire and related items[1]
₹71.2
52W: ₹56.6 — ₹146
PE 25.7 · Book ₹89.6 · -21% vs bookMarket Cap₹97.5 Cr
Stock P/E25.7Price to Earnings
ROCE5.84%Return on Capital
ROE3.48%Return on Equity
Div. Yield0.7%Face Value ₹10
Strengths
- +Company is almost debt free.
- +Stock is trading at 0.75 times its book value
Weaknesses
- −The company has delivered a poor sales growth of -3.59% over past five years.
- −Dividend payout has been low at 11.9% of profits over last 3 years
- −Debtor days have increased from 60.6 to 86.9 days.
- −Working capital days have increased from 98.5 days to 148 days
Shareholding Pattern
Promoters68.81%
FIIs0.14%
DIIs0%
Public31.05%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 69.15% | 69.05%▼0.1 | 68.85%▼0.2 | 68.85% | 68.85% | 68.81%▼0.0 | 68.81% | 68.81% |
| FIIs | 0.61% | 0.19%▼0.4 | 0.16%▼0.0 | 0.15%▼0.0 | 0.15% | 0.14%▼0.0 | 0.14% | 0.14% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 30.24% | 30.77%▲0.5 | 30.99%▲0.2 | 31.01%▲0.0 | 31%▼0.0 | 31.04%▲0.0 | 31.04% | 31.05%▲0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 77.42 | 75.3 | 70.65 | 40.61 | 45.72 | 44 | 48.08 | 46.22 | 36.31 | 47.73 |
| Expenses | 70.22 | 72.85 | 68 | 38.99 | 43.79 | 41.95 | 46.71 | 44.46 | 34.67 | 45.63 |
| Operating Profit | 7.2 | 2.45 | 2.65 | 1.62 | 1.93 | 2.05 | 1.37 | 1.76 | 1.64 | 2.1 |
| OPM % | 9.3% | 3.25% | 3.75% | 3.99% | 4.22% | 4.66% | 2.85% | 3.81% | 4.52% | 4.4% |
| Net Profit | 5.51 | 1.73 | 1.73 | 1.4 | 0.83 | 1.22 | 0.67 | 1.06 | 0.76 | 1.3 |
| EPS ₹ | 4.02 | 1.26 | 1.26 | 1.02 | 0.61 | 0.89 | 0.49 | 0.77 | 0.56 | 0.95 |
AI Insights
Revenue Trend
TTM revenue at ₹178Cr, up 0% YoY. OPM at 4%.
Debt Position
Borrowings at ₹3Cr. Debt-to-equity ratio: 0.03x. Healthy balance sheet.
Institutional Flow
DIIs: 0% (+0.00pp change). FIIs: 0.14% (-1.10pp change). Promoters hold 68.81%.
Margin & Efficiency
ROCE declining from 19% (Mar 2014) to 6% (Mar 2025). Working capital days: 148.
Valuation
PE 25.7x with 5.84% ROCE. Price is -21% above book value of ₹89.6. Dividend yield: 0.7%.
Recent Announcements
- Board Meeting Intimation for Considering The Quarterly And Year Ended Financial Results For The Period Ended 31St March 2026 And Others Matters On Agenda. 12 May - Board meeting on 22 May 2026 to consider Q4 and FY2026 audited financial results.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 13 Apr - Sarthak Metals says it is not a large corporate; outstanding borrowing was 6.60 crore on 31 March 2026.
- Closure of Trading Window 20 Mar - Trading window closed from 1 April 2026 until 48 hours after March 31, 2026 results declaration.
- Announcement under Regulation 30 (LODR)-Investor Presentation 11 Feb - Pursuant to Regualtion 30 of SEBI (LODR) Regulations, 2015, please find attached herewith the investor presentation.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Feb - Pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015, please find attached herewith the copies of the newspaper publication.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse