Sarthak Industries Ltd
Incorporated in 1982, Sarthak Industries Ltd is mainly engaged in the manufacturing of LPG
Cylinders.[1]
- Market Cap ₹ 22.6 Cr.
- Current Price ₹ 24.3
- High / Low ₹ 50.0 / 21.2
- Stock P/E 6.49
- Book Value ₹ 49.2
- Dividend Yield 0.00 %
- ROCE 11.2 %
- ROE 7.92 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.49 times its book value
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 116 days to 35.9 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 35.8%
- Tax rate seems low
- Company has a low return on equity of 5.61% over last 3 years.
- Contingent liabilities of Rs.8.33 Cr.
- Earnings include an other income of Rs.3.55 Cr.
- Debtor days have increased from 37.0 to 54.2 days.
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 96 | 98 | 161 | 120 | 112 | 96 | 134 | 164 | 58 | 30 | 204 | 282 | |
| 98 | 97 | 162 | 120 | 109 | 95 | 131 | 162 | 59 | 32 | 201 | 279 | |
| Operating Profit | -2 | 1 | -1 | 1 | 3 | 1 | 3 | 2 | -1 | -1 | 4 | 3 |
| OPM % | -2% | 1% | -1% | 1% | 2% | 1% | 2% | 1% | -1% | -5% | 2% | 1% |
| 4 | 2 | 5 | 4 | 1 | 5 | 2 | 2 | 3 | 4 | 2 | 4 | |
| Interest | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
| Profit before tax | 0 | 1 | 2 | 2 | 1 | 4 | 3 | 2 | 1 | 1 | 4 | 4 |
| Tax % | 36% | 23% | 17% | 18% | 61% | 32% | 29% | 27% | 27% | 24% | 24% | 12% |
| 0 | 1 | 1 | 2 | 0 | 3 | 2 | 2 | 1 | 1 | 3 | 3 | |
| EPS in Rs | 0.29 | 0.88 | 1.52 | 1.89 | 0.48 | 2.91 | 2.25 | 1.81 | 0.82 | 0.73 | 3.05 | 3.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 16% |
| 3 Years: | 69% |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 11% |
| 3 Years: | 66% |
| TTM: | 23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -14% |
| 3 Years: | -5% |
| 1 Year: | -49% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 |
| Reserves | 23 | 24 | 23 | 25 | 26 | 28 | 31 | 33 | 30 | 31 | 33 | 36 |
| 8 | 9 | 7 | 16 | 3 | 0 | 1 | 4 | 3 | 2 | 5 | 14 | |
| 55 | 55 | 44 | 27 | 45 | 26 | 32 | 36 | 27 | 13 | 25 | 46 | |
| Total Liabilities | 93 | 95 | 81 | 75 | 80 | 61 | 70 | 79 | 69 | 55 | 73 | 106 |
| 23 | 25 | 29 | 15 | 9 | 3 | 4 | 5 | 4 | 4 | 4 | 3 | |
| CWIP | 2 | 1 | 2 | 2 | 5 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Investments | 0 | 0 | 3 | 3 | 3 | 2 | 3 | 3 | 2 | 6 | 6 | 7 |
| 69 | 68 | 47 | 55 | 63 | 54 | 62 | 69 | 61 | 44 | 62 | 95 | |
| Total Assets | 93 | 95 | 81 | 75 | 80 | 61 | 70 | 79 | 69 | 55 | 73 | 106 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1 | 5 | 2 | -1 | 11 | -23 | 8 | 2 | -8 | -2 | -15 | -22 | |
| 3 | -2 | -1 | 1 | 1 | 28 | -9 | -4 | 9 | 5 | 16 | 9 | |
| -2 | -2 | -3 | 2 | -14 | -4 | -1 | 2 | -2 | -2 | 2 | 7 | |
| Net Cash Flow | -0 | 1 | -1 | 3 | -2 | 1 | -2 | 1 | -1 | 1 | 4 | -6 |
| Free Cash Flow | 0 | 1 | 1 | -2 | 12 | 4 | -3 | -3 | -8 | -2 | -15 | -20 |
| CFO/OP | 50% | 768% | -288% | -76% | 444% | -3,948% | 322% | 194% | 1,022% | 115% | -410% | -823% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 116 | 63 | 20 | 44 | 68 | 78 | 38 | 37 | 112 | 34 | 23 | 54 |
| Inventory Days | 26 | 63 | 10 | 10 | 29 | 28 | 28 | 17 | 30 | 58 | 39 | 41 |
| Days Payable | 207 | 215 | 86 | 55 | 87 | 57 | 54 | 58 | 114 | 47 | 28 | 51 |
| Cash Conversion Cycle | -66 | -88 | -56 | -1 | 10 | 50 | 11 | -5 | 28 | 45 | 33 | 44 |
| Working Capital Days | -2 | -22 | -6 | 6 | 17 | 75 | 38 | 22 | 108 | 275 | 36 | 36 |
| ROCE % | -1% | 7% | 4% | 9% | 8% | 5% | 11% | 9% | 5% | 4% | 11% | 11% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cylinders Segment Revenue Share % |
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| Merchant Trading Segment Revenue Share % |
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| Number of Permanent Employees count |
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| LPG Cylinder Installed Capacity pieces per annum |
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| LPG Cylinder Capacity Utilization % |
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| LPG Cylinder Sales Volume pieces |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026 from RTA.
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Closure of Trading Window
24 Jun - Trading window closes from 1 July 2026 until 48 hours after Q1 FY2027 results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Newspaper Publication of extract of Audited Standalone Financial Results for the Quarter and Year Ended March 31, 2026.
- Financial Results For The Quarter And Year Ended 31.03.2026 30 May
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Board Meeting Outcome for Meeting Dated May 30, 2026.
30 May - Board approved audited standalone results for Q4 and year ended March 31, 2026; audit opinion unmodified.
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
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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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.