Sarthak Industries
Commercial Services
531930 BSE
₹23.42
Close ·
- P/E
- Not meaningful: last twelve months’ earnings are mostly a one-off item
Close 4 Nov 2026 ₹23.42 −10.64 −31.2% 1Y
Start ₹34.06
Key Fundamentals
MicrocapCommercial ServicesServicesPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 6.67%
- Debt to Equity
- 0.31
- EPS (TTM)
- ₹3.07
- Book Value
- ₹49.15
- Market Cap
- —
- P/E (TTM)
- Not meaningful: last twelve months’ earnings are mostly a one-off item
- P/B
- 0.48
- ROE
- 1.80%
- Dividend Yield
- 0.00%
- EBITDA
- ₹3.60 Cr
- 52W High
- ₹40.34
- 52W Low
- ₹21.20
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
47 Average
Data confidence 100/100
Category scores
- Quality
- 33
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 58
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 61
- Good
- Sales & profit trajectory 9% weight
- Financial Health
- 38
- Weak
- Solvency, leverage, coverage 9% weight
- Momentum
- 38
- Weak
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Stock is trading at 0.51 times its book value
- Company's working capital requirements have reduced from 116 days to 35.9 days
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 35.8%
- Company has a low return on equity of 3.45% over last 3 years.
- Earnings include an other income of Rs.3.59 Cr.
- Debtor days have increased from 37.0 to 54.2 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 6 | 1 |
| Oscillators | Bearish | 2 | 6 | 1 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bearish
Bearish
2
Neutral
6
Bullish
1
Overall
Strong Bearish
Bearish
12
Neutral
6
Bullish
1
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 44.95
- Neutral
- MACD (12,26,9)
- −0.64
- Bearish
- SMA (50)
- 25.17
- Bearish
- SMA (200)
- 27.20
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +11.15% |
|---|---|
| 5Y | +16.05% |
| 3Y | +69.41% |
| 1Y | +38.24% |
| TTM | +19.53% |
Net profit
| 10Y | +11.61% |
|---|---|
| 5Y | +8.45% |
| 3Y | +44.22% |
| 1Y | 0.00% |
| TTM | −23.73% |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Turned negative |
| 3Y | Outflow widened by ₹14 Cr |
| 1Y | Outflow widened by ₹7 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +0.04 pp |
|---|---|
| 5Y | −1.18 pp |
| 3Y | +2.78 pp |
| 1Y | −0.90 pp |
| TTM | −0.88 pp |
Revenue by year
| Mar 2017 | ₹161 Cr |
|---|---|
| Mar 2018 | ₹120 Cr |
| Mar 2019 | ₹112 Cr |
| Mar 2020 | ₹96.00 Cr |
| Mar 2021 | ₹134 Cr |
| Mar 2022 | ₹164 Cr |
| Mar 2023 | ₹58.00 Cr |
| Mar 2024 | ₹30.00 Cr |
| Mar 2025 | ₹204 Cr |
| Mar 2026 | ₹282 Cr |
Net profit by year
| Mar 2017 | ₹1.00 Cr |
|---|---|
| Mar 2018 | ₹2.00 Cr |
| Mar 2019 | ₹0.00 Cr |
| Mar 2020 | ₹3.00 Cr |
| Mar 2021 | ₹2.00 Cr |
| Mar 2022 | ₹2.00 Cr |
| Mar 2023 | ₹1.00 Cr |
| Mar 2024 | ₹1.00 Cr |
| Mar 2025 | ₹3.00 Cr |
| Mar 2026 | ₹3.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.8 | 8.73 | 7.62 | 6.28 | 7.62 | 32.16 | 61.49 | 103 | 58.93 | 82.92 | 43.23 | 97.11 | 82.32 |
| Expenses | 8.33 | 8.94 | 7.84 | 6.75 | 7.88 | 31.17 | 60.14 | 102 | 57.99 | 80.97 | 42.37 | 98.1 | 81.19 |
| Operating Profit | −0.53 | −0.21 | −0.22 | −0.47 | −0.26 | 0.99 | 1.35 | 1.46 | 0.94 | 1.95 | 0.86 | −0.99 | 1.13 |
| OPM % | −6.79% | −2.41% | −2.89% | −7.48% | −3.41% | 3.08% | 2.2% | 1.42% | 1.6% | 2.35% | 1.99% | −1.02% | 1.37% |
| Other Income | 0.87 | 0.87 | 0.85 | 0.91 | 0.82 | 0.49 | 0.24 | 0.21 | 0.15 | 0.13 | 0.21 | 3.06 | 0.19 |
| Interest | 0.18 | 0.18 | 0.11 | 0.22 | 0.13 | 0.18 | 0.22 | 0.68 | 0.4 | 0.59 | 0.42 | 0.67 | 0.57 |
| Depreciation | 0.12 | 0.12 | 0.12 | 0.12 | 0.09 | 0.09 | 0.09 | 0.09 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 |
| PBT | 0.04 | 0.36 | 0.4 | 0.1 | 0.34 | 1.21 | 1.28 | 0.9 | 0.62 | 1.42 | 0.58 | 1.33 | 0.69 |
| Tax % | 25% | 22.22% | 25% | 30% | 26.47% | 27.27% | 18.75% | 23.33% | −83.87% | 78.17% | 25.86% | −20.3% | 27.54% |
| Net Profit | 0.02 | 0.28 | 0.3 | 0.08 | 0.25 | 0.88 | 1.04 | 0.69 | 1.14 | 0.32 | 0.43 | 1.6 | 0.51 |
| EPS (₹) | 0.02 | 0.3 | 0.32 | 0.09 | 0.27 | 0.95 | 1.12 | 0.74 | 1.23 | 0.34 | 0.46 | 1.72 | 0.55 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 96 | 98 | 161 | 120 | 112 | 96 | 134 | 164 | 58 | 30 | 204 | 282 | 306 |
| Expenses | 98 | 97 | 162 | 120 | 109 | 95 | 131 | 162 | 59 | 32 | 201 | 279 | 303 |
| Operating Profit | −2 | 1 | −1 | 1 | 3 | 1 | 3 | 2 | −1 | −1 | 4 | 3 | 3 |
| OPM % | −2.2% | 0.8% | −0.6% | 0.7% | 2.3% | 0.6% | 2.1% | 1.1% | −1.2% | −4.7% | 1.7% | 1% | 1% |
| Other Income | 4 | 2 | 5 | 4 | 1 | 5 | 2 | 2 | 3 | 4 | 2 | 4 | 4 |
| Interest | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| PBT | 0 | 1 | 2 | 2 | 1 | 4 | 3 | 2 | 1 | 1 | 4 | 4 | 4 |
| Tax % | 36% | 23% | 17% | 18% | 61% | 32% | 29% | 27% | 27% | 24% | 24% | 12% | — |
| Net Profit | 0 | 1 | 1 | 2 | 0 | 3 | 2 | 2 | 1 | 1 | 3 | 3 | 3 |
| EPS (₹) | 0.29 | 0.88 | 1.52 | 1.89 | 0.48 | 2.91 | 2.25 | 1.81 | 0.82 | 0.73 | 3.05 | 3.75 | 3.07 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 |
| Reserves | 23 | 24 | 23 | 25 | 26 | 28 | 31 | 33 | 30 | 31 | 33 | 36 |
| Borrowings | 8 | 9 | 7 | 16 | 3 | 0 | 1 | 4 | 3 | 2 | 5 | 14 |
| Other Liabilities | 55 | 55 | 44 | 27 | 45 | 26 | 32 | 36 | 27 | 13 | 25 | 46 |
| Total Liabilities | 93 | 95 | 81 | 75 | 80 | 61 | 70 | 79 | 69 | 55 | 73 | 106 |
| Fixed Assets | 23 | 25 | 29 | 15 | 9 | 3 | 4 | 5 | 4 | 4 | 4 | 3 |
| CWIP | 2 | 1 | 2 | 2 | 5 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Investments | 0 | 0 | 3 | 3 | 3 | 2 | 3 | 3 | 2 | 6 | 6 | 7 |
| Other Assets | 69 | 68 | 47 | 55 | 63 | 54 | 62 | 69 | 61 | 44 | 62 | 95 |
| Total Assets | 93 | 95 | 81 | 75 | 80 | 61 | 70 | 79 | 69 | 55 | 73 | 106 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −1 | 5 | 2 | −1 | 11 | −23 | 8 | 2 | −8 | −2 | −15 | −22 |
| Investing | 3 | −2 | −1 | 1 | 1 | 28 | −9 | −4 | 9 | 5 | 16 | 9 |
| Financing | −2 | −2 | −3 | 2 | −14 | −4 | −1 | 2 | −2 | −2 | 2 | 7 |
| Net Cash Flow | 0 | 1 | −1 | 3 | −2 | 1 | −2 | 1 | −1 | 1 | 4 | −6 |
| Free Cash Flow | 0 | 1 | 1 | −2 | 12 | 4 | −3 | −3 | −8 | −2 | −15 | −20 |
| CFO/OP | 50 | 768 | −288 | −76 | 444 | −3,948 | 322 | 194 | 1,022 | 115 | −410 | −823 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 116 | 63 | 20 | 44 | 68 | 78 | 38 | 37 | 112 | 34 | 23 | 54 |
| Inventory Days | 26 | 63 | 10 | 10 | 29 | 28 | 28 | 17 | 30 | 58 | 39 | 41 |
| Days Payable | 207 | 215 | 86 | 55 | 87 | 57 | 54 | 58 | 114 | 47 | 28 | 51 |
| Cash Conversion Cycle | −66 | −88 | −56 | −1 | 10 | 50 | 11 | −5 | 28 | 45 | 33 | 44 |
| Working Capital Days | −2 | −22 | −6 | 6 | 17 | 75 | 38 | 22 | 108 | 275 | 36 | 36 |
| ROCE % | −1% | 7% | 4% | 9% | 8% | 5% | 11% | 9% | 5% | 4% | 11% | 7% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Sarthak Industries insights
38 extracted metrics across FY15–FY27.
Documents
- 13 Aug 2026
- 5 Feb 2025
- 16 Jan 2024
- 16 Jan 2023
- 21 Dec 2021
- 23 Nov 2021
- General announcements 6 Oct 2026
Frequently Asked Questions about Sarthak Industries
What does Sarthak Industries Ltd do?
Incorporated in 1982, Sarthak Industries Ltd is mainly engaged in the manufacturing of LPG Cylinders.
Where is Sarthak Industries Ltd (SARTHAKIND) listed?
Sarthak Industries Ltd trades under code 531930 on the BSE.
Which sector does Sarthak Industries Ltd belong to?
Sarthak Industries Ltd is classified under the Commercial Services sector, in the Trading & Distributors industry.
What is the 52-week high and low of Sarthak Industries Ltd?
Over the last 52 weeks Sarthak Industries Ltd has traded between ₹21.2 and ₹40.34 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Sarthak Industries Ltd?
Sarthak Industries Ltd reported a return on equity of 1.80%. Its debt-to-equity ratio is 0.31.
Company Information
Incorporated in 1982, Sarthak Industries Ltd is mainly engaged in the manufacturing of LPG Cylinders.
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