Sarthak Metals Ltd

Sarthak Metals Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sarthak Metals Ltd

₹ 125 0.00%
11 Jul 9:26 a.m.
sarthakmetals.com BSE: 540393 NSE: SMLT
About

Incorporated in 1995, Sarthak Metals Ltd manufactures and sells cored wires, ferro alloys, aluminium wire and related items[1]

Key Points

Business Overview:[1]
SML, part of the DB Group, manufactures and exports cored wires and aluminum flipping coils. These are essential consumables in modern metallurgy, used for fine-tuning steel.

Website BSE NSE
  • Market Cap ₹ 171 Cr.
  • Current Price ₹ 125
  • High / Low ₹ 210 / 96.2
  • Stock P/E 41.7
  • Book Value ₹ 87.8
  • Dividend Yield 0.39 %
  • ROCE 5.84 %
  • ROE 3.48 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of -3.59% over past five years.
  • Earnings include an other income of Rs.2.70 Cr.
  • 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

* 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

Industrials Capital Goods Industrial Products Iron & Steel Products

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
147.25 133.72 101.32 92.56 80.82 81.80 77.42 75.30 70.65 40.61 45.72 44.00 48.08
135.37 122.78 90.10 82.47 72.98 74.24 70.22 72.85 68.00 38.99 43.79 41.95 46.71
Operating Profit 11.88 10.94 11.22 10.09 7.84 7.56 7.20 2.45 2.65 1.62 1.93 2.05 1.37
OPM % 8.07% 8.18% 11.07% 10.90% 9.70% 9.24% 9.30% 3.25% 3.75% 3.99% 4.22% 4.66% 2.85%
0.40 1.52 0.11 0.76 0.62 0.24 0.46 0.69 0.54 0.59 0.74 0.47 0.90
Interest 1.09 0.65 0.24 0.25 0.20 0.11 0.10 0.33 0.25 0.12 0.18 0.09 0.25
Depreciation 0.46 0.31 0.32 0.47 0.44 0.43 0.44 0.54 0.63 0.53 0.61 0.79 0.81
Profit before tax 10.73 11.50 10.77 10.13 7.82 7.26 7.12 2.27 2.31 1.56 1.88 1.64 1.21
Tax % 24.70% 25.39% 27.21% 25.57% 26.09% 26.17% 22.61% 24.23% 25.11% 10.26% 55.85% 25.61% 43.80%
8.08 8.58 7.85 7.55 5.78 5.35 5.51 1.73 1.73 1.40 0.83 1.22 0.67
EPS in Rs 5.90 6.27 5.73 5.52 4.22 3.91 4.02 1.26 1.26 1.02 0.61 0.89 0.49
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
147 151 128 152 171 189 214 222 457 408 305 178
139 144 119 143 161 177 203 206 419 368 285 171
Operating Profit 8 7 9 9 10 12 11 16 38 40 20 7
OPM % 5% 5% 7% 6% 6% 6% 5% 7% 8% 10% 6% 4%
0 1 1 2 2 2 1 0 4 3 2 3
Interest 3 3 3 4 3 4 4 3 4 1 1 1
Depreciation 1 1 1 1 1 2 2 2 2 2 2 3
Profit before tax 4 4 5 6 7 8 6 11 36 40 19 6
Tax % 33% 32% 34% 34% 32% 28% 28% 26% 23% 26% 27% 34%
3 3 4 4 5 6 5 8 27 30 14 4
EPS in Rs 2.15 2.37 2.95 2.89 3.48 4.21 3.37 5.84 20.07 21.74 10.10 3.01
Dividend Payout % 0% 0% 0% 17% 0% 12% 15% 17% 10% 9% 10% 17%
Compounded Sales Growth
10 Years: 2%
5 Years: -4%
3 Years: -27%
TTM: -42%
Compounded Profit Growth
10 Years: 4%
5 Years: -2%
3 Years: -46%
TTM: -70%
Stock Price CAGR
10 Years: %
5 Years: 52%
3 Years: 7%
1 Year: -35%
Return on Equity
10 Years: 17%
5 Years: 19%
3 Years: 15%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 12 12 12 14 14 14 14 14 14 14 14 14
Reserves 6 8 12 19 23 29 32 39 64 91 102 107
20 24 24 27 26 36 23 32 22 0 0 0
3 3 1 3 3 5 7 6 16 5 4 4
Total Liabilities 40 47 49 63 65 84 76 91 116 110 120 124
6 6 7 7 9 14 15 14 11 11 15 19
CWIP 0 2 1 2 1 0 0 0 0 2 0 0
Investments 0 1 1 1 1 1 1 1 1 0 0 0
34 39 40 53 55 69 61 77 104 97 105 104
Total Assets 40 47 49 63 65 84 76 91 116 110 120 124

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
6 2 5 4 0 1 17 -1 16 35 27 -0
-2 -3 -1 -2 0 -6 -3 -1 3 -2 -3 -6
-4 2 -3 6 0 7 -17 4 -15 -26 -3 -0
Net Cash Flow 0 -0 0 7 0 2 -2 2 4 7 20 -6

Ratios

Figures in Rs. Crores

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 50 60 71 71 62 45 48 63 45 47 48 87
Inventory Days 29 29 36 29 39 60 45 60 27 16 28 68
Days Payable 4 4 0 1 2 8 8 1 10 1 0 2
Cash Conversion Cycle 75 85 106 100 99 97 85 122 63 63 76 152
Working Capital Days 72 84 106 97 107 115 87 109 64 68 79 148
ROCE % 19% 17% 19% 18% 17% 17% 14% 18% 40% 41% 18% 6%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
69.83% 69.83% 69.83% 69.61% 69.61% 69.60% 69.29% 69.15% 69.05% 68.85% 68.85% 68.85%
0.41% 0.69% 0.98% 1.24% 0.83% 0.69% 0.60% 0.61% 0.19% 0.16% 0.15% 0.15%
29.76% 29.46% 29.20% 29.14% 29.57% 29.70% 30.12% 30.24% 30.77% 30.99% 31.01% 31.01%
No. of Shareholders 4,3455,6126,9887,6957,5818,52010,90011,83712,32912,60812,25412,125

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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