Sarthak Metals Ltd
Incorporated in 1995, Sarthak Metals Ltd manufactures and sells cored wires, ferro alloys, aluminium wire and related items[1]
- Market Cap ₹ 162 Cr.
- Current Price ₹ 117
- High / Low ₹ 234 / 96.2
- Stock P/E 39.3
- Book Value ₹ 87.8
- Dividend Yield 0.85 %
- ROCE 5.86 %
- ROE 3.49 %
- Face Value ₹ 10.0
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.
- 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
Sector: Steel Industry: Steel - Medium / Small
Quarterly Results
Figures in Rs. Crores
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% | 20% | 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: | -45% |
TTM: | -70% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 55% |
3 Years: | 6% |
1 Year: | -49% |
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 | 105 | |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2h - The company is organizing its Earnings Call on May 28, 2025 (Wednesday) at 04:00 P.M. in which the Management would have a Q&A session with …
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Board Meeting Outcome for Outcome Of Board Meeting Dated 22Nd May, 2025.
4h - Audited FY25 results approved; Rs.0.50 dividend recommended; director and auditor re-appointments; no borrowings.
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Board Meeting Intimation for Considering The Quarterly And Year Ended Financial Results For The Period Ended 31St March 2025 And Others Matters On Agenda.
13 May - Board meeting on May 22 to approve FY25 results and recommend final dividend.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
19 Apr - Undertakes it does not meet SEBI’s large corporate criteria; no initial disclosure needed
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Intimation Regarding Receipt Of Caution Letter From NSE And BSE
31 Mar - Received caution letter from NSE and BSE for compliance lapse.
Annual reports
Concalls
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Feb 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Sep 2024Transcript PPT
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
Business Overview:[1]
SML, a part of the DB Group, is a manufacturer and exporter of cored wires and aluminum flipping coils. These are essential consumables in modern metallurgy, used for fine-tuning steel.