Sarthak Industries Ltd - Stock Valuation and Financial Performance

BSE: 531930 | NSE: SARTHAKIND | Trading | Small Cap

Sarthak Inds Share Price

23 -0.56 -2.38%
as on 28-Mar'24 13:43

DeciZen - make an informed investing decision on Sarthak Inds

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Sarthak Industries stock performance -

mw4me loader
P/E Ratio (SA):
18.12
Market Cap:
21.9 Cr.
52-wk low:
22
52-wk high:
41.9

Is Sarthak Industries Ltd an attractive stock to invest in?

1. Is Sarthak Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sarthak Industries Ltd is a below average quality company.

2. Is Sarthak Industries Ltd undervalued or overvalued?

The key valuation ratios of Sarthak Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Sarthak Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sarthak Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sarthak Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sarthak Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -20.6%0.1%5.5%3%7%5%6.2%7.9%7.4%5.6%-
Value Creation
Index
-2.5-1.0-0.6-0.8-0.5-0.6-0.6-0.4-0.5-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11795.897.816112011295.613416458.344
Sales YoY Gr.--18%2.1%64.8%-25.3%-7%-14.7%39.7%22.6%-64.4%-
Adj EPS -10.3-0.81-0.11.911.42.42.31.91.3
YoY Gr.-NANA-105.9%NA-46.1%39.8%69.4%-4.5%-19.7%-
BVPS (₹) 32.532.633.432.834.63537.240.542.541.843.5
Adj Net
Profit
-9.6-0.70.9-0.11.811.32.32.21.71
Cash Flow from Ops. -20.9-1.25.32.2-0.910.8-23.382.5-7.7-
Debt/CF from Ops. -0.4-6.71.63.5-18.10.3-00.11.6-0.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -7.4%-13.5%-15.2%-64.4%
Adj EPS NA-0.4%9.1%-19.7%
BVPS2.8%3.8%4%-1.7%
Share Price 18.9% 26.1% 39.7% -24.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-26.2-2.33.1-0.25.7346.35.64.43.1
Op. Profit
Mgn %
-5-1.90.9-0.60.72.52.12.21.61.2-1.6
Net Profit
Mgn %
-8.2-0.71-01.50.91.41.71.332.7
Debt to
Equity
0.30.30.30.20.50.1000.10.1-
Working Cap
Days
172247242123145179207146137389160
Cash Conv.
Cycle
-23-88-60-62-367302521075

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 3.10%

Sales growth has been subdued in last 3 years -15.20%

Net Profit has been subdued in last 3 years 9.10%

Sales growth is not so good in last 4 quarters at -37.01%

Latest Financials - Sarthak Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 1.3 1
TTM Sales (₹ Cr.) 44.1 161
BVPS (₹.) 43.5 0
Reserves (₹ Cr.) 31 25
P/BV 0.54 0.00
PE 18.12 24.03
From the Market
52 Week Low / High (₹) 22.04 / 41.90
All Time Low / High (₹) 0.45 / 162.04
Market Cap (₹ Cr.) 21.9
Equity (₹ Cr.) 9.3
Face Value (₹) 10
Industry PE 75.3

Management X-Ray of Sarthak Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sarthak Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales116.8295.8097.78161.13120.43111.9695.56133.54163.6558.28
Operating Expenses 127.0597.8897.05162.04119.65109.9095.02130.79161.8158.97
Manufacturing Costs1.230.851.311.4411.180.971.111.610.91
Material Costs111.2593.4691.01153.69115.07102.1387.18121.30152.2452.56
Employee Cost 2.2522.532.872.122.782.552.602.692.16
Other Costs 12.321.572.204.051.463.814.325.785.263.34
Operating Profit -10.23-2.080.73-0.910.782.060.542.751.84-0.69
Operating Profit Margin (%) -8.8%-2.2%0.7%-0.6%0.6%1.8%0.6%2.1%1.1%-1.2%
Other Income 0.524.162.474.933.761.456.191.772.483.37
Interest 1.101.061.731.761.741.601.190.921.230.94
Depreciation 0.510.610.400.540.650.710.450.660.800.71
Exceptional Items 000000-1.08000
Profit Before Tax -11.320.421.071.712.161.194.012.942.281.03
Tax 1.380.140.250.300.400.741.300.850.610.28
Profit After Tax -12.700.270.821.411.760.452.712.091.680.76
PAT Margin (%) -10.9%0.3%0.8%0.9%1.5%0.4%2.8%1.6%1.0%1.3%
Adjusted EPS (₹)-13.70.30.91.51.90.52.92.31.80.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 30.2330.2531.0730.4432.1432.5234.5537.6139.4938.81
Share Capital 6.976.976.976.976.976.976.976.976.979.29
Reserves 23.2623.2924.1123.4725.1725.5527.5830.6432.5329.52
Minority Interest0000000000
Debt8.577.858.347.2715.512.790.290.483.552.85
Long Term Debt0.760.2407.2711.530.110.290.480.830.58
Short Term Debt7.817.618.3403.982.68002.732.27
Trade Payables47.3453.0253.5736.4017.4324.3113.5318.0624.3016.37
Others Liabilities 3.963.683.347.239.7719.9812.8513.7411.7110.69
Total Liabilities 90.1094.8196.3281.3474.8579.6161.2269.8879.0768.72

Fixed Assets

Gross Block29.6929.1330.8229.3416.239.734.745.437.347.21
Accumulated Depreciation5.696.155.940.541.190.911.361.912.542.89
Net Fixed Assets23.9922.9824.8928.7915.058.823.393.524.804.32
CWIP 0.071.541.491.611.555.041.731.491.491.49
Investments 0.170.160.163.472.862.802.023.143.381.78
Inventories20.936.5915.834.123.248.186.689.366.914.28
Trade Receivables13.9730.3916.93914.4520.8220.4913.7616.5817.91
Cash Equivalents 1.612.184.081.855.043.495.243.684.191.95
Others Assets29.3630.9632.9432.4932.6730.4621.6934.9441.7036.99
Total Assets 90.1094.8196.3281.3474.8579.6161.2269.8879.0768.72

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -20.91-1.245.332.15-0.8610.75-23.278.042.48-7.69
PBT -11.320.421.071.712.161.194.012.942.281.03
Adjustment 5.89-1.730.05-2.130.741.62-3.960.050.20-0.09
Changes in Working Capital -14.230.284.482.98-3.538.51-21.375.861.08-8
Tax Paid -1.24-0.21-0.28-0.41-0.23-0.56-1.95-0.81-1.09-0.64
Cash Flow From Investing Activity 14.822.56-2.48-0.611.141.3228.17-9.07-3.838.90
Capex 13.431.71-3.94-1.18-1.061.1627.41-10.63-5.77-0.64
Net Investments 1.2100-2.520.4700000
Others 0.180.851.463.101.720.160.761.561.949.53
Cash Flow From Financing Activity 4.83-1.61-1.66-2.892.38-14.42-3.64-0.571.90-1.72
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1.10-1.08-1.66-1.73-1.90-1.60-1.19-0.92-1.23-0.94
Dividend Paid 0000000000
Others 5.93-0.540.01-1.164.28-12.82-2.450.353.13-0.79
Net Cash Flow -1.26-0.291.18-1.342.65-2.351.26-1.610.54-0.52
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-34.720.92.684.65.611.398.085.84.361.94
ROCE (%)-23.893.777.168.969.096.7114.7810.538.594.63
Asset Turnover Ratio1.291.061.061.861.551.451.362.042.20.79
PAT to CFO Conversion(x)N/A-4.596.51.52-0.4923.89-8.593.851.48-10.12
Working Capital Days
Receivable Days708386293557794734108
Inventory Days37514122111928221835
Payable Days1561962141078575794851141

Sarthak Industries Ltd Stock News

Sarthak Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sarthak Inds on 28-Mar-2024 13:43 is ₹23.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 13:43 the market cap of Sarthak Inds stood at ₹21.89.
The latest P/E ratio of Sarthak Inds as of 28-Mar-2024 13:43 is 18.12.
The latest P/B ratio of Sarthak Inds as of 28-Mar-2024 13:43 is 0.54.
The 52-week high of Sarthak Inds is ₹41.90 and the 52-week low is ₹22.04.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sarthak Inds is ₹44.14 ( Cr.) .

About Sarthak Industries Ltd

Sarthak Industries (SIL), formerly known as Avanti LPG (India), was incorporated in 1982. The company went to public in the year 1996 to raise funds for expansion. The issue was well responded by the public.

Since the beginning, the company is engaged in manufacturing of LPG cylinders at works situated at Industrial Area, Pithampur, District Dhar (MP). The LPG cylinders are supplied to oil companies like Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation and also to private companies. At present the company has a manufacturing capacity of 6 lakh cylinders per annum. Apart from manufacturing activities, the company is also involved in various trading activities, which help in maintaining its bottomline. Presently the company is exploring a possibility in trading with defence and paramilitary forces.

Business areas of the company:

Sarthak Industries is engaged in the manufacturing of LPG cylinders, industrial gases cylinders and installation of LPG bottling plant.

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