Sarthak Metals
Industrial Products
SMLT NSE
₹72.26 +3.20 (+4.63%)
- P/E
- 20.24
Close 4 Nov 2026 ₹72.26 −34.19 −32.1% 1Y
Start ₹106.45
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 5.76%
- Debt to Equity
- 0.00
- EPS (TTM)
- ₹3.57
- Book Value
- ₹91.66
- Market Cap
- —
- P/E (TTM)
- 20.24
- P/B
- 0.79
- ROE
- 3.77%
- Dividend Yield
- 0.72%
- EBITDA
- ₹10.00 Cr
- 52W High
- ₹108.90
- 52W Low
- ₹56.61
- Day Range
- ₹68.40 – ₹72.51
- Volume
- 5,246
Peer Comparison
Industrials › Industrial Products › Iron & Steel Products
| ₹2,400.00 | 27.41 | ₹60,980 Cr | 5.96 | 0.22% | 19.40% | 22.90% | ₹17,300 Cr | ₹2,319 Cr | |
| ₹2,199.80 | 49.69 | ₹60,246 Cr | 10.64 | 0.39% | 25.40% | 31.80% | ₹23,065 Cr | ₹1,229 Cr | |
| ₹1,231.40 | 30.60 | ₹34,478 Cr | 2.78 | 0.15% | 9.70% | 13.00% | ₹19,584 Cr | ₹1,121 Cr | |
| ₹2,449.40 | 39.67 | ₹17,025 Cr | 4.18 | 0.42% | 12.60% | 17.90% | ₹4,314 Cr | ₹514 Cr | |
| ₹253.22 | 29.51 | ₹15,754 Cr | 1.28 | 0.81% | 8.20% | 10.40% | ₹18,501 Cr | ₹498 Cr | |
| ₹486.00 | 29.21 | ₹14,245 Cr | 4.49 | 0.81% | 15.10% | 19.50% | ₹3,837 Cr | ₹508 Cr | |
| ₹529.15 | 29.28 | ₹12,939 Cr | 3.66 | 0.38% | 15.60% | 18.20% | ₹4,437 Cr | ₹436 Cr | |
| Sarthak Metals (this company) | ₹72.26 | 20.24 | ₹94 Cr | 0.79 | 0.72% | 3.77% | 5.76% | ₹201 Cr | ₹5 Cr |
| Median 8 companies | ₹880.28 | 29.40 | ₹16,390 Cr | 3.92 | 0.41% | 13.85% | 18.05% | ₹10,869 Cr | ₹511 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
54 Average
Data confidence 100/100
Category scores
- Quality
- 48
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 49
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 50
- Average
- Sales & profit trajectory 9% weight
- Financial Health
- 91
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 66
- Good
- 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- Company is almost debt free.
- Stock is trading at 0.84 times its book value
Weaknesses
5- The company has delivered a poor sales growth of -2.81% over past five years.
- Company has a low return on equity of 6.39% over last 3 years.
- Earnings include an other income of Rs.2.70 Cr.
- Dividend payout has been low at 8.84% of profits over last 3 years
- Debtor days have increased from 80.8 to 108 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 5 | 6 | 8 |
| Oscillators | Bearish | 2 | 6 | 1 |
| Moving Averages | Strong Bullish | 3 | 0 | 7 |
Oscillators
Bearish
Bearish
2
Neutral
6
Bullish
1
Overall
Bullish
Bearish
5
Neutral
6
Bullish
8
Moving Averages
Strong Bullish
Bearish
3
Neutral
0
Bullish
7
Key readings
- RSI (14)
- 52.02
- Neutral
- MACD (12,26,9)
- 0.60
- Bearish
- SMA (50)
- 68.19
- Bullish
- SMA (200)
- 69.98
- Bullish
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 | +4.14% |
|---|---|
| 5Y | −2.86% |
| 3Y | −22.22% |
| 1Y | +7.87% |
| TTM | +9.36% |
Net profit
| 10Y | +2.26% |
|---|---|
| 5Y | −8.97% |
| 3Y | −44.97% |
| 1Y | +25.00% |
| TTM | +29.10% |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Outflow widened by ₹32 Cr |
| 3Y | Turned negative |
| 1Y | Turned negative |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −2.86 pp |
|---|---|
| 5Y | −3.04 pp |
| 3Y | −5.63 pp |
| 1Y | +0.24 pp |
| TTM | +0.02 pp |
Revenue by year
| Mar 2017 | ₹152 Cr |
|---|---|
| Mar 2018 | ₹171 Cr |
| Mar 2019 | ₹189 Cr |
| Mar 2020 | ₹214 Cr |
| Mar 2021 | ₹222 Cr |
| Mar 2022 | ₹457 Cr |
| Mar 2023 | ₹408 Cr |
| Mar 2024 | ₹305 Cr |
| Mar 2025 | ₹178 Cr |
| Mar 2026 | ₹192 Cr |
Net profit by year
| Mar 2017 | ₹4.00 Cr |
|---|---|
| Mar 2018 | ₹5.00 Cr |
| Mar 2019 | ₹6.00 Cr |
| Mar 2020 | ₹5.00 Cr |
| Mar 2021 | ₹8.00 Cr |
| Mar 2022 | ₹27.00 Cr |
| Mar 2023 | ₹30.00 Cr |
| Mar 2024 | ₹14.00 Cr |
| Mar 2025 | ₹4.00 Cr |
| Mar 2026 | ₹5.00 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 | 81.8 | 77.42 | 75.3 | 70.65 | 40.61 | 45.72 | 44 | 48.08 | 46.22 | 36.31 | 47.73 | 61.99 | 55.21 |
| Expenses | 74.24 | 70.22 | 72.85 | 68 | 38.99 | 43.79 | 41.95 | 46.71 | 44.46 | 34.67 | 45.63 | 59.48 | 53.65 |
| Operating Profit | 7.56 | 7.2 | 2.45 | 2.65 | 1.62 | 1.93 | 2.05 | 1.37 | 1.76 | 1.64 | 2.1 | 2.51 | 1.56 |
| OPM % | 9.24% | 9.3% | 3.25% | 3.75% | 3.99% | 4.22% | 4.66% | 2.85% | 3.81% | 4.52% | 4.4% | 4.05% | 2.83% |
| Other Income | 0.24 | 0.46 | 0.69 | 0.54 | 0.59 | 0.74 | 0.47 | 0.9 | 0.62 | 0.17 | 0.49 | 0.65 | 1.39 |
| Interest | 0.11 | 0.1 | 0.33 | 0.25 | 0.12 | 0.18 | 0.09 | 0.25 | 0.12 | 0.07 | 0.05 | 0.25 | 0.26 |
| Depreciation | 0.43 | 0.44 | 0.54 | 0.63 | 0.53 | 0.61 | 0.79 | 0.81 | 0.69 | 0.72 | 0.75 | 0.75 | 0.62 |
| PBT | 7.25 | 7.13 | 2.27 | 2.31 | 1.56 | 1.88 | 1.64 | 1.2 | 1.57 | 1.03 | 1.79 | 2.16 | 2.07 |
| Tax % | 26.17% | 22.61% | 24.23% | 25.11% | 10.26% | 55.85% | 25.61% | 43.8% | 31.85% | 25.49% | 27.37% | 31.02% | 35.75% |
| Net Profit | 5.35 | 5.51 | 1.73 | 1.73 | 1.4 | 0.83 | 1.22 | 0.67 | 1.06 | 0.76 | 1.3 | 1.49 | 1.33 |
| EPS (₹) | 3.91 | 4.02 | 1.26 | 1.26 | 1.02 | 0.61 | 0.89 | 0.49 | 0.77 | 0.56 | 0.95 | 1.09 | 0.97 |
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 | 151 | 128 | 152 | 171 | 189 | 214 | 222 | 457 | 408 | 305 | 178 | 192 | 201 |
| Expenses | 144 | 119 | 143 | 161 | 177 | 203 | 206 | 419 | 368 | 285 | 171 | 184 | 193 |
| Operating Profit | 7 | 9 | 9 | 10 | 12 | 11 | 16 | 38 | 40 | 20 | 7 | 8 | 8 |
| OPM % | 4.9% | 7% | 6% | 6% | 6% | 5% | 7% | 8% | 10% | 6% | 3.9% | 4.1% | 3.9% |
| Other Income | 1 | 1 | 2 | 2 | 2 | 1 | 0 | 4 | 3 | 2 | 3 | 2 | 3 |
| Interest | 3 | 3 | 4 | 3 | 4 | 4 | 3 | 4 | 1 | 1 | 1 | 0 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 |
| PBT | 4 | 5 | 6 | 7 | 8 | 6 | 11 | 36 | 40 | 19 | 6 | 7 | 7 |
| Tax % | 32% | 34% | 34% | 32% | 28% | 28% | 26% | 23% | 26% | 27% | 34% | 29% | — |
| Net Profit | 3 | 4 | 4 | 5 | 6 | 5 | 8 | 27 | 30 | 14 | 4 | 5 | 5 |
| EPS (₹) | 2.37 | 2.95 | 2.89 | 3.48 | 4.21 | 3.37 | 5.84 | 20.07 | 21.74 | 10.1 | 3.01 | 3.37 | 3.57 |
| Div. Payout % | 0% | 0% | 17% | 0% | 12% | 15% | 17% | 10% | 9% | 10% | 17% | 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 | 12 | 12 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 8 | 12 | 19 | 23 | 29 | 32 | 39 | 64 | 91 | 102 | 107 | 111 |
| Borrowings | 24 | 24 | 27 | 26 | 36 | 23 | 32 | 22 | 0 | 0 | 0 | 0 |
| Other Liabilities | 3 | 1 | 3 | 3 | 5 | 7 | 6 | 16 | 5 | 4 | 4 | 13 |
| Total Liabilities | 47 | 49 | 63 | 65 | 84 | 76 | 91 | 116 | 110 | 120 | 124 | 137 |
| Fixed Assets | 6 | 7 | 7 | 9 | 14 | 15 | 14 | 11 | 11 | 15 | 19 | 17 |
| CWIP | 2 | 1 | 2 | 1 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 2 |
| Other Assets | 39 | 40 | 53 | 55 | 69 | 61 | 77 | 104 | 97 | 105 | 104 | 117 |
| Total Assets | 47 | 49 | 63 | 65 | 84 | 76 | 91 | 116 | 110 | 120 | 124 | 137 |
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 | 2 | 5 | 4 | 0 | 1 | 17 | −1 | 16 | 35 | 27 | 0 | −33 |
| Investing | −3 | −1 | −2 | 0 | −6 | −3 | −1 | 3 | −2 | −3 | −6 | −2 |
| Financing | 2 | −3 | 6 | 0 | 7 | −17 | 4 | −15 | −26 | −3 | 0 | 6 |
| Net Cash Flow | 0 | 0 | 7 | 0 | 2 | −2 | 2 | 4 | 7 | 20 | −6 | −29 |
| Free Cash Flow | −1 | 3 | 2 | 0 | −5 | 14 | −2 | 19 | 32 | 22 | −7 | −33 |
| CFO/EBITDA | 22 | 77 | 66 | 0 | 28 | 167 | 14 | 66 | 113 | 160 | 27 | −388 |
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 | 60 | 71 | 71 | 62 | 45 | 48 | 63 | 45 | 47 | 48 | 87 | 108 |
| Inventory Days | 29 | 36 | 29 | 39 | 60 | 45 | 60 | 27 | 16 | 28 | 68 | 94 |
| Days Payable | 4 | 0 | 1 | 2 | 8 | 8 | 1 | 10 | 1 | 0 | 2 | 4 |
| Cash Conversion Cycle | 85 | 106 | 100 | 99 | 97 | 85 | 122 | 63 | 63 | 76 | 152 | 198 |
| Working Capital Days | 28 | 41 | 35 | 57 | 51 | 50 | 65 | 48 | 68 | 79 | 148 | 173 |
| ROCE % | 17% | 19% | 18% | 17% | 17% | 14% | 18% | 40% | 41% | 18% | 6% | 6% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Sarthak Metals insights
63 extracted metrics across FY15–FY27.
Documents
- 28 Sep 2023
- 8 Aug 2023
- 17 Nov 2022
- 1 Feb 2022
- 8 Sep 2021
Frequently Asked Questions about Sarthak Metals
What does Sarthak Metals Ltd do?
Incorporated in 1995, Sarthak Metals Ltd manufactures and sells cored wires, ferro alloys, aluminium wire and related items
Where is Sarthak Metals Ltd (SMLT) listed?
Sarthak Metals Ltd trades as SMLT on the NSE and under code 540393 on the BSE.
Which sector does Sarthak Metals Ltd belong to?
Sarthak Metals Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of Sarthak Metals Ltd?
Sarthak Metals Ltd trades at a PE ratio of 20.24 as of 4 Nov 2026, on earnings per share of ₹3.57, against a book value of ₹91.66 per share.
What is the 52-week high and low of Sarthak Metals Ltd?
Over the last 52 weeks Sarthak Metals Ltd has traded between ₹56.61 and ₹108.9 as of 4 Nov 2026.
Does Sarthak Metals Ltd pay dividends?
Sarthak Metals Ltd has a dividend yield of 0.72%.
What is the Return on Equity (ROE) of Sarthak Metals Ltd?
Sarthak Metals Ltd reported a return on equity of 3.77%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 1995, Sarthak Metals Ltd manufactures and sells cored wires, ferro alloys, aluminium wire and related items
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