Sarthak Industries Ltd
Incorporated in 1982, Sarthak Industries Ltd is mainly engaged in the manufacturing of LPG
Cylinders.[1]
- Market Cap ₹ 32.5 Cr.
- Current Price ₹ 35.0
- High / Low ₹ 56.0 / 25.2
- Stock P/E 10.2
- Book Value ₹ 47.3
- Dividend Yield 0.00 %
- ROCE 11.0 %
- ROE 6.87 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.74 times its book value
- Debtor days have improved from 56.4 to 22.8 days.
- Company's working capital requirements have reduced from 140 days to 36.3 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 36.2%
- Company has a low return on equity of 3.56% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 117 | 96 | 98 | 161 | 120 | 112 | 96 | 134 | 164 | 58 | 30 | 204 | 306 | |
| 123 | 98 | 97 | 162 | 120 | 109 | 95 | 131 | 162 | 59 | 32 | 201 | 301 | |
| Operating Profit | -6 | -2 | 1 | -1 | 1 | 3 | 1 | 3 | 2 | -1 | -1 | 4 | 6 |
| OPM % | -5% | -2% | 1% | -1% | 1% | 2% | 1% | 2% | 1% | -1% | -5% | 2% | 2% |
| -4 | 4 | 2 | 5 | 4 | 1 | 5 | 2 | 2 | 3 | 4 | 2 | 1 | |
| Interest | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
| Profit before tax | -11 | 0 | 1 | 2 | 2 | 1 | 4 | 3 | 2 | 1 | 1 | 4 | 4 |
| Tax % | 12% | 36% | 23% | 17% | 18% | 61% | 32% | 29% | 27% | 27% | 24% | 24% | |
| -13 | 0 | 1 | 1 | 2 | 0 | 3 | 2 | 2 | 1 | 1 | 3 | 3 | |
| EPS in Rs | -13.66 | 0.29 | 0.88 | 1.52 | 1.89 | 0.48 | 2.91 | 2.25 | 1.81 | 0.82 | 0.73 | 3.05 | 3.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 16% |
| 3 Years: | 8% |
| TTM: | 471% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 59% |
| 3 Years: | 19% |
| TTM: | 111% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 41% |
| 3 Years: | -40% |
| 1 Year: | 33% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 |
| Reserves | 23 | 23 | 24 | 23 | 25 | 26 | 28 | 31 | 33 | 30 | 31 | 33 | 35 |
| 9 | 8 | 9 | 7 | 16 | 3 | 0 | 1 | 4 | 3 | 2 | 5 | 15 | |
| 49 | 55 | 55 | 44 | 27 | 45 | 26 | 32 | 36 | 27 | 13 | 25 | 23 | |
| Total Liabilities | 88 | 93 | 95 | 81 | 75 | 80 | 61 | 70 | 79 | 69 | 55 | 73 | 82 |
| 24 | 23 | 25 | 29 | 15 | 9 | 3 | 4 | 5 | 4 | 4 | 4 | 3 | |
| CWIP | 0 | 2 | 1 | 2 | 2 | 5 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 3 | 3 | 3 | 2 | 3 | 3 | 2 | 6 | 6 | 7 |
| 64 | 69 | 68 | 47 | 55 | 63 | 54 | 62 | 69 | 61 | 44 | 62 | 70 | |
| Total Assets | 88 | 93 | 95 | 81 | 75 | 80 | 61 | 70 | 79 | 69 | 55 | 73 | 82 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -21 | -1 | 5 | 2 | -1 | 11 | -23 | 8 | 2 | -8 | -2 | -15 | |
| 15 | 3 | -2 | -1 | 1 | 1 | 28 | -9 | -4 | 9 | 5 | 16 | |
| 5 | -2 | -2 | -3 | 2 | -14 | -4 | -1 | 2 | -2 | -2 | 2 | |
| Net Cash Flow | -1 | -0 | 1 | -1 | 3 | -2 | 1 | -2 | 1 | -1 | 1 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 116 | 63 | 20 | 44 | 68 | 78 | 38 | 37 | 112 | 34 | 23 |
| Inventory Days | 69 | 26 | 63 | 10 | 10 | 29 | 28 | 28 | 17 | 30 | 58 | 39 |
| Days Payable | 155 | 207 | 215 | 86 | 55 | 87 | 57 | 54 | 58 | 114 | 47 | 28 |
| Cash Conversion Cycle | -43 | -66 | -88 | -56 | -1 | 10 | 50 | 11 | -5 | 28 | 45 | 33 |
| Working Capital Days | 6 | -2 | -22 | -6 | 6 | 17 | 75 | 38 | 22 | 108 | 275 | 36 |
| ROCE % | -13% | -1% | 7% | 4% | 9% | 8% | 5% | 11% | 9% | 5% | 4% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Newspaper Publication of Un-audited Standalone Financial Results for the Quarter and Half Year Ended 30.09.2025.
- Un-Audited Financial Results For The Quarter And Half Year Ended 30.09.2025. 10 Nov
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Board Meeting Outcome for Approval Of Un-Audited Financial Results For The Quarter And Half Year Ended 30.09.2025.
10 Nov - Approved Q2/H1 FY2026 results to Sep 30, 2025: H1 revenue Rs14,212.68 lakh, H1 PBT Rs204.00 lakh.
-
Board Meeting Intimation for Approval Of Un-Audited Standalone Financial Results For The Quarter And Half Year Ended 30.09.2025 And Any Other Business With The Permission Of Chair.
5 Nov - Board meeting on Nov 10, 2025 to approve unaudited quarter and half-year results ended Sep 30, 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Oct - Compliance Certificate for the Quarter Ended 30.09.2025
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Business Overview:[1][2]
SIL manufactures liquefied petroleum gas cylinders. Apart
From this, the company also engages in the trading of vanaspati ghee, agricultural and non-agricultural commodities, mining, and the mineral-based industry on an opportunistic basis.