SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Sarthak Industries Ltd (SARTHAKIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531930 NSE: SARTHAKIND Trading | Small Cap | Sarthak Industries Share Price

₹26.13 1.07 (4.27%)

As on 04-Aug'26 16:59

Sarthak Industries Ltd (SARTHAKIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531930 NSE: SARTHAKIND Trading | Small Cap | Sarthak Industries Share Price

₹26.13 1.07 (4.27%)

As on 04-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹24 Cr.
Current Price
₹26.1
52-Week Low / High
₹21 / 47
TTM EPS
₹3.8
TTM Sales
₹282 Cr.
Book Value per Share
₹49.2
P/E Ratio
6.98
Lower than its 5-year historical median
Industry PE
41.2
Price to Book (P/B)
0.53
Lower than its 5-year historical median
Price to Sales (P/S)
0.09
Lower than its 5-year historical median
EV/EBITDA
5.69
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
7.92%
Outperforms industry median
Return on Capital Employed (ROCE)
11.18%
Outperforms industry median
Return on Assets (ROA)
3.90%
Operating Profit Margin
1.7%
Net Profit Margin
1.23%
Gross Profit Margin
1.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
38.09%
Operating Profit Growth (1 Year)
-
-22.32%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
22.97%
Asset Quality
Promoter Holding
35.81%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹36 Cr.
Equity
₹9.3 Cr.
Face Value
₹10
All Time Low / High
₹0.45 / 162.04

Sarthak Industries stock performance

Key Ratios
mw4me loader

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Sarthak Industries Ltd a good quality company?
Sarthak Industries Ltd is a quality company, based on a 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 Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sarthak Industries Ltd vs industry peers?
Sarthak Industries Ltd revenue CAGR is 16.14%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Sarthak Industries Ltd?
Promoters hold 35.81% of the Sarthak Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sarthak Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.9% 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 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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 9%9.1%6.7%14.8%10.5%8.6%4.6%3.8%11.1%11.2%-
Value Creation
Index
-0.4-0.4-0.50.1-0.3-0.4-0.7-0.7-0.2-0.2-

Growth Parameters

Sales 16112011295.613416458.330.4204282282
Sales YoY Gr.--25.3%-7%-14.7%39.7%22.6%-64.4%-47.8%571.5%38.1%-
Adj EPS -0.11.911.42.42.31.90.93.33.53.8
YoY Gr.-NA-46.1%39.8%69.4%-4.5%-19.7%-50.8%254.4%6.4%-
BVPS (₹) 32.834.63537.240.542.541.843.345.449.249.2
Adj Net
Profit
-0.11.811.32.32.21.70.933.23
Cash Flow from Ops. 2.2-0.910.8-23.382.5-7.7-2-14.9-22.3-
Debt/CF from Ops. 3.5-18.10.3-00.11.6-0.4-0.9-0.4-0.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.4%16.1%69.2%38.1%
Adj EPS NA7.3%22.9%6.4%
BVPS4.6%4%5.6%8.3%
Share Price 19.9% -21.5% -3.1% -37.2%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
-0.25.7346.35.64.42.27.47.37.6
Op. Profit
Mgn %
-0.60.72.52.12.21.61.2-3.91.91.71
Net Profit
Mgn %
-01.50.91.41.71.332.81.51.11.2
Debt to
Equity
0.20.50.1000.10.100.10.30
Working Cap
Days
123145179207146137389604859439
Cash Conv.
Cycle
-62-367302521057203415

Valuation of Sarthak Industries - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales161.13120.43111.9695.56133.54163.6558.2830.43204.34282.18
Operating Expenses + 162.04119.65109.9095.02130.79161.8158.9731.87200.79279.43
Manufacturing Costs1.4411.180.971.111.610.910.881.170.63
Material Costs153.69115.07102.1387.18121.30152.2452.5627.29192.90266.12
Employee Cost 2.872.122.782.552.602.692.161.762.572.71
Other Costs 4.051.463.814.325.785.263.341.954.169.96
Operating Profit -0.910.782.060.542.751.84-0.69-1.443.542.75
Operating Profit Margin (%) -0.6%0.6%1.8%0.6%2.1%1.1%-1.2%-4.7%1.7%1.0%
Other Income + 4.933.761.456.191.772.483.373.501.773.55
Exceptional Items 000-1.08000000
Interest 1.761.741.601.190.921.230.940.681.222.08
Depreciation 0.540.650.710.450.660.800.710.480.360.28
Profit Before Tax 1.712.161.194.012.942.281.030.903.733.94
Tax 0.300.400.741.300.850.610.280.220.900.46
Profit After Tax 1.411.760.452.712.091.680.760.682.833.48
PAT Margin (%) 0.9%1.5%0.4%2.8%1.6%1.0%1.3%2.2%1.4%1.2%
Adjusted EPS (₹)1.51.90.52.92.31.80.80.73.03.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 30.4432.1432.5234.5537.6139.4938.8140.2142.1745.67
Share Capital 6.976.976.976.976.976.979.299.299.299.29
Reserves 23.4725.1725.5527.5830.6432.5329.5230.9232.8836.38
Debt +7.2715.512.790.290.483.552.851.605.3214.11
Long Term Debt7.2711.530.110.290.480.830.580.420.330
Short Term Debt03.982.68002.732.271.184.9914.11
Minority Interest0000000000
Trade Payables36.4017.4324.3113.5318.0624.3016.373.551537.42
Others Liabilities 7.239.7719.9812.8513.7411.7110.699.4310.098.80
Total Liabilities 81.3474.8579.6161.2269.8879.0768.7254.8072.58106

Fixed Assets

Net Fixed Assets +28.7915.058.823.393.524.804.323.843.503.27
Gross Block29.3416.239.734.745.437.347.217.227.237.29
Accumulated Depreciation0.541.190.911.361.912.542.893.383.744.02
CWIP 1.611.555.041.731.491.491.491.491.491.49
Investments 3.472.862.802.023.143.381.785.646.326.56
Inventories4.123.248.186.689.366.914.284.3620.5029.84
Trade Receivables914.4520.8220.4913.7616.5817.912.8412.7741.92
Cash Equivalents 1.855.043.495.243.684.191.952.317.112.85
Others Assets 32.4932.6730.4621.6934.9441.7036.9934.3120.8820.07
Total Assets 81.3474.8579.6161.2269.8879.0768.7254.8072.58106
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 2.15-0.8610.75-23.278.042.48-7.69-2.02-14.85-22.32
PBT 1.712.161.194.012.942.281.030.903.733.94
Adjustment -2.130.741.62-3.960.050.20-0.09-2.040.170.40
Changes in Working Capital 2.98-3.538.51-21.375.861.08-8-0.5-18.42-27.05
Tax Paid -0.41-0.23-0.56-1.95-0.81-1.09-0.64-0.37-0.330.39
Cash Flow From Investing Activity + -0.611.141.3228.17-9.07-3.838.905.0916.459.47
Capex -1.18-1.061.1627.41-10.63-5.77-0.64-0.01-0.022.39
Net Investments -2.520.4700000-3.05-1.74-0.25
Others 3.101.720.160.761.561.949.538.1518.207.34
Cash Flow From Financing Activity + -2.892.38-14.42-3.64-0.571.90-1.72-2.022.436.93
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000000-0.09-0.33
Interest Paid -1.73-1.90-1.60-1.19-0.92-1.23-0.94-0.68-1.22-2.08
Dividend Paid 0000000000
Others -1.164.28-12.82-2.450.353.13-0.79-1.333.759.33
Net Cash Flow -1.342.65-2.351.26-1.610.54-0.521.064.03-5.92
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)4.65.611.398.085.84.361.941.716.867.92
ROCE (%)8.969.096.7114.7810.538.594.633.7711.0611.18
Asset Turnover Ratio1.861.551.451.362.042.20.790.493.213.16
PAT to CFO Conversion(x)1.52-0.4923.89-8.593.851.48-10.12-2.97-5.25-6.41
Working Capital Days
Receivable Days28.7035.4057.5078.9046.8033.80108124.401435.40
Inventory Days22.1011.1018.6028.4021.9018.103551.8022.2032.60
Payable Days106.8085.4074.6079.2047.5050.80141.20133.2017.6036

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Sarthak Industries Ltd FAQs

The current trading price of Sarthak Industries on 04-Aug-2026 16:59 is ₹26.13.

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-Aug-2026 the market cap of Sarthak Industries stood at ₹24.28 Cr

The latest P/E ratio of Sarthak Industries as of 03-Aug-2026 is 6.98.

The latest P/B ratio of Sarthak Industries as of 03-Aug-2026 is 0.53.

The 52-week high of Sarthak Industries is ₹46.79 and the 52-week low is ₹21.20.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sarthak Industries is ₹282 ( Cr.) .

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

The key valuation ratios of Sarthak Industries 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 Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

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.

You have 4 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: