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Sarthak Metals Ltd (SMLT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540393 NSE: SMLT Steel & Iron Products | Small Cap | Sarthak Metals Share Price

₹73.05 1.40 (1.95%)

As on 04-Jun'26 16:59

Sarthak Metals Ltd (SMLT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540393 NSE: SMLT Steel & Iron Products | Small Cap | Sarthak Metals Share Price

₹73.05 1.40 (1.95%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹100 Cr.
Current Price
₹73.1
52-Week Low / High
₹57 / 133
TTM EPS
₹3.4
TTM Sales
₹192 Cr.
Book Value per Share
₹90.8
P/E Ratio
21.69
Higher than its 5-year historical median
Industry PE
25.8
Price to Book (P/B)
0.80
Lower than its 5-year historical median
Price to Sales (P/S)
0.52
Lower than its 5-year historical median
EV/EBITDA
10.70
In line with its 5-year historical median
Dividend Yield
0.42%
Profitability Efficiency
Return on Equity (ROE)
3.49%
Underperforms industry median
Return on Capital Employed (ROCE)
5.85%
Underperforms industry median
Return on Assets (ROA)
3.37%
Operating Profit Margin
3.9%
Net Profit Margin
2.31%
Gross Profit Margin
5.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-41.53%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-64.95%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-70.21%
Asset Quality
Promoter Holding
68.81%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹111 Cr.
Equity
₹13.7 Cr.
Face Value
₹10
All Time Low / High
₹9.20 / 448.55

Sarthak Metals stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Sarthak Metals Ltd a good quality company?
Sarthak Metals Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sarthak Metals Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sarthak Metals Ltd vs industry peers?
Sarthak Metals Ltd revenue CAGR is -3.59%, compared to the industry median CAGR of 7.56%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Sarthak Metals Ltd?
Promoters hold 68.81% of the Sarthak Metals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sarthak Metals Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 12.23% based on the current price.

10 Year X-Ray :

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 Metals Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 18.8%18.4%17.2%17%13.6%18.3%43.2%40.5%17.9%5.9%-
Value Creation
Index
0.30.30.20.20.00.32.11.90.3-0.6-

Growth Parameters

Sales 131152171189214222457408305178192
Sales YoY Gr.-16.1%12.5%10.5%13.2%3.5%106.3%-10.7%-25.3%-41.5%-
Adj EPS 2.92.633.73.35.718.320.49.72.63.4
YoY Gr.--8.7%16.1%23.1%-10.5%70.4%220.7%11.9%-52.3%-73.5%-
BVPS (₹) 19.823.826.730.933.738.856.976.784.887.890.8
Adj Net
Profit
3.53.64.25.14.67.8252813.33.55
Cash Flow from Ops. 4.84.101.117.1-0.616.43526.8-0.2-
Debt/CF from Ops. 4.96.6716.631.81.4-561.4000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3.5%-3.6%-26.9%-41.5%
Adj EPS -1.1%-5%-47.9%-73.5%
BVPS18%21.1%15.5%3.6%
Share Price - 12.8% -24% -39.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
15.512.61212.910.315.738.130.612.133.8
Op. Profit
Mgn %
6.75.966.45.37.28.39.86.53.94.2
Net Profit
Mgn %
2.62.42.42.72.13.55.56.94.422.4
Debt to
Equity
10.80.70.90.50.60.30000
Working Cap
Days
95879110090109688090148199
Cash Conv.
Cycle
878076736593566376131189

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales131.04152.18171.26189.26214.17221.71457.30408.43305.17178.42
Operating Expenses + 122.35143.20160.95177.27202.93205.86419.39368.34285.32171.46
Manufacturing Costs5.089.067.518.8213.1511.1316.8512.798.524.71
Material Costs107.54126.49144.39158.02176.90180.05379.38336.13258.66147.79
Employee Cost 2.753.253.874.847.857.187.727.839.5111.28
Other Costs 6.984.415.185.595.037.5015.4411.598.637.67
Operating Profit 8.698.9810.311211.2415.8637.9140.0919.866.96
Operating Profit Margin (%) 6.6%5.9%6.0%6.3%5.2%7.2%8.3%9.8%6.5%3.9%
Other Income + 0.951.831.641.561.090.370.963.801.932.70
Exceptional Items 00.08-0.12-0.06-0.0402.67-0.7900
Interest 3.233.923.463.873.633.3041.340.780.64
Depreciation 11.011.351.582.252.141.691.542.032.75
Profit Before Tax 5.395.957.038.056.4110.7835.8540.2318.976.28
Tax 1.8222.272.291.792.798.3710.465.142.16
Profit After Tax 3.573.954.765.764.627.9927.4829.7613.834.12
PAT Margin (%) 2.7%2.6%2.8%3.1%2.2%3.6%6.0%7.3%4.5%2.3%
Adjusted EPS (₹)3.02.93.54.23.45.820.121.710.13.0
Dividend Payout Ratio (%)0%17.30%0%11.90%14.80%17.10%10%9.20%9.90%16.60%

Valuation of Sarthak Metals - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 23.9232.6836.6142.3746.1753.1077.94104.99116.09120.21
Share Capital 12.0913.6913.6913.6913.6913.6913.6913.6913.6913.69
Reserves 11.8418.9922.9228.6832.4839.4164.2591.30102.40106.52
Debt +23.1727.2425.8736.1023.462920.65000
Long Term Debt0.4112.282.751.614.412.58000
Short Term Debt22.7626.2423.5933.3521.8424.5918.07000
Minority Interest0000000000
Trade Payables0.150.350.933.463.870.6510.280.520.130.99
Others Liabilities 1.652.483.911.912.778.507.214.473.713.23
Total Liabilities 48.8962.7467.3183.8476.2691.25116.08109.99119.93124.44

Fixed Assets

Net Fixed Assets +7.367.358.9213.9014.5213.6911.3311.0615.1419.40
Gross Block15.4416.2818.6125.1728.0429.3122.0123.2228.6935.61
Accumulated Depreciation8.078.939.6911.2713.5215.6210.6912.1713.5516.21
CWIP 0.711.940.570.2000.0801.710.180.33
Investments 0.750.750.750.750.750.750.75000.35
Inventories10.7010.1515.5526.0521.9329.7628.1314.5420.0327.42
Trade Receivables24.9629.7729.1323.2428.2038.1856.8453.0639.7442.46
Cash Equivalents 1.518.901.633.541.283.467.7715.1735.4329.17
Others Assets 2.893.8810.7516.179.575.3311.2714.459.415.30
Total Assets 48.8962.7467.3183.8476.2691.25116.08109.99119.93124.44

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 4.844.100.041.1417.14-0.5616.4434.9726.81-0.19
PBT 5.395.877.038.056.4110.7835.8540.2318.976.28
Adjustment 3.774.384.114.915.545.063.131.861.161.35
Changes in Working Capital -2.46-4.16-8.89-9.636.94-13.54-14.083.3811.73-5.72
Tax Paid -1.87-1.99-2.21-2.20-1.75-2.85-8.45-10.50-5.05-2.10
Cash Flow From Investing Activity + -1.41-2.21-1.52-6.12-2.61-1.323.11-1.53-3.33-5.67
Capex -1.41-2.21-1.53-6.18-2.68-1.353.05-2.97-4.45-7.15
Net Investments 000000010-0.37
Others 000.010.060.070.030.060.431.121.84
Cash Flow From Financing Activity + -3.275.50-5.786.89-16.794.05-15.23-26.04-3.22-0.40
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.305.390.460.47-1.145-1.83-4.2600
Interest Paid -2.78-3.38-2.77-3.34-3.32-3.01-3.63-0.97-0.48-0.40
Dividend Paid 00-0.820-0.83-0.68-2.74-2.74-2.740
Others -0.193.48-2.659.76-11.502.75-7.04-18.0700
Net Cash Flow 0.167.39-7.271.91-2.262.174.317.4020.26-6.26

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)16.0513.9913.7814.6310.4616.1141.9432.5412.513.49
ROCE (%)18.7818.4217.1716.9513.5718.343.1840.517.875.85
Asset Turnover Ratio3.033.083.052.923.162.654.413.612.651.46
PAT to CFO Conversion(x)1.361.040.010.23.71-0.070.61.181.94-0.05
Working Capital Days
Receivable Days62.3058.2054.2043.3037.2054.6037.9049.1055.5084.10
Inventory Days26.9022.2023.7034.4034.7042.6023.1019.1020.7048.50
Payable Days2.900.701.605.107.604.605.305.900.501.40

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Sarthak Metals Ltd FAQs

The current trading price of Sarthak Metals on 04-Jun-2026 16:59 is ₹73.05.

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 03-Jun-2026 the market cap of Sarthak Metals stood at ₹100.0 Cr

The latest P/E ratio of Sarthak Metals as of 03-Jun-2026 is 21.69.

The latest P/B ratio of Sarthak Metals as of 03-Jun-2026 is 0.80.

The 52-week high of Sarthak Metals is ₹133.0 and the 52-week low is ₹56.65.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sarthak Metals is ₹192 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sarthak Metals Ltd is a good quality company.

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

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

About Sarthak Metals Ltd

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