Sarthak Metals Ltd

Sarthak Metals Ltd

₹ 259 -4.98%
21 Feb 4:01 p.m.
About

Sarthak Metals Ltd (earlier known as Sarthak Metals Marketing Private Limited) was incorporated in 1995 and is a part of the DB group. The co. is engaged in the manufacturing of Cored wires, Aluminum wire rods and Wire feeder machines which have wide application in various steel-making processes like Steel plants, Fabrication units and foundries. [1][2][3]

Key Points

Product Portfolio[1]
Cored Wires: Cored Wires are a product of wire injection technology of steel. They consist of steel tubes (wires) filled with various alloys that are injected in molten metal for introducing different characteristics in the metal.
Aluminum Wire flipping coils: Aluminium flipping coils are used in the steel manufacturing process for de-oxidising of molten steel and as an alloying element for manufacturing specialized steel.
Wire Feeder Machines: The Company offers a wide range of customized machines that are designed to inject cored wires into molten steel for metallurgical process control.
Flux Cored Wires: Introduced in FY23, these are used for industrial welding applications in infrastructure projects.[2]

  • Market Cap 355 Cr.
  • Current Price 259
  • High / Low 449 / 154
  • Stock P/E 19.3
  • Book Value 83.2
  • Dividend Yield 0.77 %
  • ROCE 41.0 %
  • ROE 33.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 44.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.8%

Cons

* 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
59.10 106.76 95.28 108.00 106.76 147.25 133.72 101.32 92.56 80.82 81.80 77.42 75.30
52.91 95.91 87.76 100.36 95.91 135.37 122.78 90.10 82.47 72.98 74.24 70.22 72.85
Operating Profit 6.19 10.85 7.52 7.64 10.85 11.88 10.94 11.22 10.09 7.84 7.56 7.20 2.45
OPM % 10.47% 10.16% 7.89% 7.07% 10.16% 8.07% 8.18% 11.07% 10.90% 9.70% 9.24% 9.30% 3.25%
0.01 0.15 2.87 0.20 0.15 0.40 1.52 0.11 0.76 0.62 0.24 0.46 0.69
Interest 0.69 1.02 0.87 1.02 1.02 1.09 0.65 0.24 0.25 0.20 0.11 0.10 0.33
Depreciation 0.52 0.41 0.39 0.36 0.41 0.46 0.31 0.32 0.47 0.44 0.43 0.44 0.54
Profit before tax 4.99 9.57 9.13 6.46 9.57 10.73 11.50 10.77 10.13 7.82 7.26 7.12 2.27
Tax % 25.25% 25.91% 24.10% 24.15% 25.91% 24.70% 25.39% 27.21% 25.57% 26.09% 26.17% 22.61% 24.23%
3.73 7.09 6.93 4.91 7.09 8.08 8.58 7.85 7.55 5.78 5.35 5.51 1.73
EPS in Rs 2.72 5.18 5.06 3.59 5.18 5.90 6.27 5.73 5.52 4.22 3.91 4.02 1.26
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
101 113 147 151 128 152 171 189 214 222 457 408 315
95 106 139 144 119 143 161 177 203 206 419 368 290
Operating Profit 6 6 8 7 9 9 10 12 11 16 38 40 25
OPM % 6% 6% 5% 5% 7% 6% 6% 6% 5% 7% 8% 10% 8%
0 1 0 1 1 2 2 2 1 0 4 3 2
Interest 3 3 3 3 3 4 3 4 4 3 4 1 1
Depreciation 1 1 1 1 1 1 1 2 2 2 2 2 2
Profit before tax 2 3 4 4 5 6 7 8 6 11 36 40 24
Tax % 34% 30% 33% 32% 34% 34% 32% 28% 28% 26% 23% 26%
2 2 3 3 4 4 5 6 5 8 27 30 18
EPS in Rs 4.16 2.97 2.15 2.37 2.95 2.89 3.48 4.21 3.37 5.84 20.07 21.74 13.41
Dividend Payout % 0% 0% 0% 0% 0% 17% 0% 12% 15% 17% 10% 9%
Compounded Sales Growth
10 Years: 14%
5 Years: 19%
3 Years: 24%
TTM: -34%
Compounded Profit Growth
10 Years: 30%
5 Years: 44%
3 Years: 86%
TTM: -44%
Stock Price CAGR
10 Years: %
5 Years: 56%
3 Years: 103%
1 Year: 47%
Return on Equity
10 Years: 22%
5 Years: 25%
3 Years: 31%
Last Year: 33%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 8 12 12 12 14 14 14 14 14 14 14 14
Reserves 9 7 6 8 12 19 23 29 32 39 64 91 100
16 20 20 24 24 27 26 36 23 32 22 0 0
2 1 3 3 1 3 3 5 7 6 16 5 4
Total Liabilities 31 37 40 47 49 63 65 84 76 91 116 110 118
6 5 6 6 7 7 9 14 15 14 11 11 12
CWIP 0 0 0 2 1 2 1 0 0 0 0 2 3
Investments 0 0 0 1 1 1 1 1 1 1 1 0 0
25 31 34 39 40 53 55 69 61 77 104 97 103
Total Assets 31 37 40 47 49 63 65 84 76 91 116 110 118

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
8 -3 6 2 5 4 0 1 17 -1 16 35
-3 -0 -2 -3 -1 -2 0 -6 -3 -1 3 -2
-3 2 -4 2 -3 6 0 7 -17 4 -15 -26
Net Cash Flow 2 -1 0 -0 0 7 0 2 -2 2 4 7

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 51 69 50 60 71 71 62 45 48 63 45 47
Inventory Days 21 24 29 29 36 29 39 60 45 60 27 16
Days Payable 1 2 4 4 0 1 2 8 8 1 10 1
Cash Conversion Cycle 70 92 75 85 106 100 99 97 85 122 63 63
Working Capital Days 69 91 72 84 106 97 107 115 87 109 64 68
ROCE % 18% 18% 19% 17% 19% 18% 17% 17% 14% 18% 40% 41%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2020Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.61% 69.61% 69.60%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.41% 0.69% 0.98% 1.24% 0.83% 0.69%
30.17% 30.17% 30.17% 30.17% 30.17% 30.17% 29.76% 29.46% 29.20% 29.14% 29.57% 29.70%
No. of Shareholders 2462312472,5922,4682,7804,3455,6126,9887,6957,5818,520

* 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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