Sarthak Metals Limited SMLT NSEINFRA

Industrials · Metal Fabrication · India

https://www.sarthakmetals.com

Sarthak Metals Limited manufactures, sells, and exports cored wires and aluminium flipping coils in India and internationally. The company offers calcium silicide, calcium iron, calcium solid wire, calcium aluminum iron, lead cored, ferro titanium, carbon, ferro boron, magnesium ferrosilicon, nitride manganese, carbon steel, stainless steel, hardfacing, and ferro niobium wires, as well as aluminum flipping coils. It also offers wire feeder machines. The company serves steel mills, flat and long product manufacturers, automotive-grade steel producers, stainless steel, foundries, shipbuilding, infrastructure and construction, fabrication workshops, mechanical engineering, and hardfacing and surfacing industries. Sarthak Metals Limited was incorporated in 1995 and is headquartered in Bhilai, India.

Market & Price

Market Cap

₹100.73 Cr

Current Price

₹73.58

High / Low (52W)

₹129.41 / ₹57.41

Beta

0.57

Valuation

Stock P/E

26.56

Industry PE

27.78

Forward P/E

PEG Ratio

Book Value

₹89.87

Price to Book

0.82

P/S

0.52

EV/EBITDA

13.59

Dividend Yield

0.68%

Profitability & Returns

ROCE

5.68%

ROE

3.77%

ROA

2.39%

Profit Margin

2.40%

Op Margin

2.84%

EPS (Latest Qtr)

₹0.95

EPS (TTM)

₹2.77

Balance Sheet & Liquidity

Debt/Equity

0.05

Quick Ratio

5.13

Current Ratio

9.21

Debt

₹6.60 Cr

Total Assets

₹124.44 Cr

Current Assets

₹104.16 Cr

Working Capital

₹101.46 Cr

Ownership

Promoter Holding

72.13%

Chg in Prom Hold

FII / Inst Holding

0.00%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹107.34 Cr

Total Revenue (TTM)

₹192.25 Cr

EBITDA

₹7.90 Cr

Free Cash Flow

₹-19.92 Cr

Operating Cash Flow

₹-32.56 Cr

Shares Outstanding

₹1.37 Cr

Gross Margin

20.42%

Payout Ratio

18.05%

Growth (CAGR)

Revenue 5Y

-26.82%

Profit 5Y

-46.88%

Revenue (YoY)

28.90%

Earnings (YoY)

122.40%

PROS

No notable strengths flagged.

CONS

Revenue declined at -26.8% CAGR over 5 years.
Earnings shrank at -46.9% CAGR over 5 years.
Trading 43.1% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SMLT Sarthak Metals Limited NSEINFRA	73.58	26.56	₹100.73 Cr	0.68%	5.68%	3.77%	-26.82%	-46.88%
2	LT Larsen & Toubro Limited NIFTY50NSEAIINFRA	4,076.50	34.84	₹5.61 L Cr	0.93%	14.55%	16.95%	16.09%	15.38%
3	ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA	1,804.60	30.96	₹4.16 L Cr	0.42%	11.02%	15.59%	22.93%	34.11%
4	HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU	4,303.80	31.55	₹2.88 L Cr	1.16%	13.80%	23.98%	7.87%	16.08%
5	POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA	38,445.00	172.41	₹1.71 L Cr	0.02%	24.92%	21.04%	22.24%	119.12%
6	INDIGO InterGlobe Aviation Limited NSEINFRA	4,405.00	-	₹1.70 L Cr	0.24%	15.53%	-	44.12%	72.60%
7	CUMMINSIND Cummins India Limited NSEINFRA	5,881.00	68.97	₹1.63 L Cr	1.12%	34.95%	29.45%	16.07%	24.35%
8	CGPOWER CG Power and Industrial Solutions Limited NSEINFRA	917.45	118.99	₹1.44 L Cr	0.14%	19.35%	19.56%	21.67%	7.81%
9	POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA	9,477.50	53.48	₹1.43 L Cr	0.37%	30.44%	24.58%	26.57%	28.11%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	-	44.00 Cr	48.08 Cr	46.22 Cr	36.31 Cr	47.73 Cr
Cost of Revenue	-	36.30 Cr	39.22 Cr	37.51 Cr	28.05 Cr	38.08 Cr
Gross Profit	-	7.70 Cr	8.87 Cr	8.71 Cr	8.26 Cr	9.65 Cr
Operating Expenses	-	6.43 Cr	8.32 Cr	7.65 Cr	7.33 Cr	8.30 Cr
Operating Income	-	1.26 Cr	54.89 L	1.07 Cr	92.52 L	1.35 Cr
EBITDA	-	2.53 Cr	2.26 Cr	2.38 Cr	1.81 Cr	2.60 Cr
Interest Expense	-	9.28 L	24.52 L	12.17 L	7.11 L	5.45 L
Pretax Income	-	1.64 Cr	1.20 Cr	1.56 Cr	1.03 Cr	1.79 Cr
Tax Provision	-	42.10 L	53.25 L	50.44 L	26.66 L	49.46 L
Net Income	-	1.22 Cr	67.06 L	1.06 Cr	75.91 L	1.30 Cr
Diluted EPS	0.61	0.92	-	0.77	0.57	0.95

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Revenue	455.29 Cr	406.35 Cr	305.17 Cr	178.42 Cr
Cost of Revenue	393.97 Cr	347.20 Cr	265.62 Cr	147.79 Cr
Gross Profit	61.31 Cr	59.16 Cr	46.51 Cr	30.63 Cr
Operating Expenses	22.39 Cr	20.02 Cr	28.69 Cr	26.42 Cr
Operating Income	38.92 Cr	39.14 Cr	17.96 Cr	4.21 Cr
EBITDA	41.16 Cr	42.73 Cr	21.78 Cr	9.67 Cr
Interest Expense	3.63 Cr	97.10 L	78.27 L	63.62 L
Pretax Income	35.85 Cr	40.23 Cr	18.97 Cr	6.28 Cr
Tax Provision	8.37 Cr	10.46 Cr	5.14 Cr	2.16 Cr
Net Income	27.48 Cr	29.76 Cr	13.83 Cr	4.12 Cr
Diluted EPS	20.07	21.74	10.10	3.01

Compounded Sales Growth

5 Years:	-26.82%
1 Year:	28.90%

Compounded Profit Growth

5 Years:	-46.88%
1 Year:	122.40%

Stock Price Performance

1 Year:	-37.38%
6 Months:	-24.92%
3 Months:	+3.13%
1 Month:	+2.45%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Assets	116.08 Cr	109.99 Cr	119.93 Cr	124.44 Cr
Current Assets	102.31 Cr	95.72 Cr	104.24 Cr	104.16 Cr
Cash & Equivalents	6.47 Cr	7.33 Cr	16.38 Cr	2.37 Cr
Inventory	28.13 Cr	14.54 Cr	20.03 Cr	27.42 Cr
Receivables	56.84 Cr	53.06 Cr	39.74 Cr	42.46 Cr
Total Liabilities	38.14 Cr	4.99 Cr	3.84 Cr	4.22 Cr
Current Liabilities	34.70 Cr	4.03 Cr	2.61 Cr	2.70 Cr
Long Term Debt	2.58 Cr	0	0	0
Total Debt	22.33 Cr	0	0	0
Total Equity	77.94 Cr	104.99 Cr	116.09 Cr	120.21 Cr
Shares Outstanding	1.37 Cr	1.37 Cr	1.37 Cr	1.37 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Operating Cash Flow	16.44 Cr	34.97 Cr	26.81 Cr	-19.19 L
Investing Cash Flow	3.11 Cr	-1.53 Cr	-3.33 Cr	-5.67 Cr
Financing Cash Flow	-15.23 Cr	-26.04 Cr	-3.22 Cr	-39.65 L
Capital Expenditure	-1.90 Cr	-2.99 Cr	-4.70 Cr	-7.17 Cr
Free Cash Flow	14.53 Cr	31.99 Cr	22.11 Cr	-7.36 Cr
Net Change in Cash	4.31 Cr	7.40 Cr	20.26 Cr	-6.26 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Gross Margin %	13.5%	14.6%	15.2%	17.2%
Operating Margin %	8.5%	9.6%	5.9%	2.4%
Net Margin %	6.0%	7.3%	4.5%	2.3%
ROE %	35.3%	28.3%	11.9%	3.4%
ROCE %	47.8%	36.9%	15.3%	3.5%

Shareholding Pattern

Insiders

72.13%

Institutions

0.00%

Public Float

0.00%

Analyst View

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SMLT · Industrials