Sarthak Metals Limited (SMLT)

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Sarthak Metals Limited (SMLT) · mywealthgrid

About

Sarthak Metals Limited operates in Iron & Steel Products within the Industrials sector.

Face value: ₹10

Market cap

₹102 Cr

P/E

20.8×

P/B

0.8×

Dividend yield

0.7%

ROE

3.8%

ROCE

5.7%

Debt / equity

0.05

OPM

4.1%

EPS (TTM)

₹3.6

Book value

₹90.8

52-week high

—

52-week low

—

1,775 historical price candles were omitted because the exchange source has not been verified.

₹74.8+26.2%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 14.4×
+High promoter holding of 68.8% with no pledge

Cons

−Low return on equity of 6.6% (3-yr avg)
−Thin operating margin of 4.1%
−Profit declined 10.4% a year over the last 5 years
−Revenue shrank over the last 5 years (-2.8% a year)

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 39
Growth: 42

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	222	457	408	305	178	192
COGS	180	379	336	259	148	153
Gross profit	42	78	72	47	31	39
	26	40	32	27	24	31
	16	38	40	20	7	8
OPM %	7.2%	8.3%	9.8%	6.5%	3.9%	4.1%
Depreciation	2	2	2	2	3	3
Interest	3	4	1	1	1	0
	0	4	3	2	3	2
Profit before tax	11	36	40	19	6	7
Tax	3	8	10	5	2	2
Tax %	25.9%	23.4%	26%	27.1%	34.4%	29.6%
	8	27	30	14	4	5
PAT margin %	3.6%	6%	7.3%	4.5%	2.3%	2.4%
EPS (₹)	5.8	20	21.7	10.1	3	3.4
EPS adjusted (₹)	5.8	20.1	21.7	10.1	3	3.4
	17.1%	10%	9.2%	9.9%	16.6%	—
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	14	14	14	14	14	14	14
Reserves	—	39	64	91	102	107	111
	—	31	22	0	0	0	7
	—	7	16	5	4	4	6
Total equity & liabilities	—	91	116	110	120	124	137
	15	14	11	11	15	19	17
CWIP	—	0	0	2	0	0	0
Investments	—	1	1	0	0	0	0
	—	77	104	97	105	105	119
Total assets	—	91	116	110	120	124	137

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1	16	35	27	-0	-33
	-1	3	-2	-3	-6	-2
	4	-15	-26	-3	-0	6
Net cash flow	2	4	7	20	-6	-29
Free cash flow	-2	15	32	22	-7	-33
CFO / Operating profit %	-3.5%	43.4%	87.2%	135.1%	-2.7%	-412.2%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	18.8%	17%	17.7%	15.2%	17.2%	20.4%
EBITDA margin %	7.2%	8.3%	9.8%	6.5%	3.9%	4.1%
EBIT margin %	6.2%	7.9%	9.4%	5.8%	2.4%	2.6%
PAT margin %	3.6%	6%	7.3%	4.5%	2.3%	2.4%
Working capital
Receivable days	63	45	47	48	87	108
Inventory days	60	27	16	28	68	94
Payable days	1	10	1	0	2	4
NWC days	122	63	63	76	152	198
Leverage
Current ratio	2.3	2.95	23.75	39.94	38.58	9.22
Debt to EBITDA	1.97	0.59	0	0	0	0.84
Debt to equity	0.59	0.29	0	0	0	0.05
Interest coverage	4.3	9.3	31.6	25.3	10.8	14.4
Asset turnover	2.43	3.94	3.71	2.54	1.43	1.4
Return ratios
Return on assets %	8.8%	23.7%	27.1%	11.5%	3.3%	3.4%
Return on capital employed %	24.1%	53.2%	45.2%	17.7%	5.8%	5.7%
Return on equity %	15%	35.3%	28.3%	11.9%	3.4%	3.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.61%	69.61%	69.29%	69.15%	69.04%	68.85%	68.85%	68.85%	68.81%	68.81%	68.81%	68.81%
	0.82%	0.69%	0.59%	0.6%	0.19%	0.16%	0.15%	0.15%	0.14%	0.14%	0.14%	0.14%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	29.57%	29.7%	30.12%	30.25%	30.77%	30.99%	31%	31%	31.05%	31.05%	31.05%	31.05%
No. of shareholders	—	—	—	—	—	—	—	—	11,819	11,667	11,390	11,190

Promoter holding down 0.8 percentage points since Sep 2023.

11 deals · 13 Jun 2023 – 20 Aug 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
20 Aug 2025	BANSAL KIRTI	Bulk	NSE	Sell	2,00,000	₹107.18	₹2.14 Cr
20 Aug 2025	SHAH SANJAY CHAMANLAL	Bulk	NSE	Buy	1,94,405	₹107.15	₹2.08 Cr
19 Aug 2025	BANSAL SIMMI	Bulk	NSE	Sell	1,08,000	₹107.38	₹1.16 Cr
19 Aug 2025	SHALINI SANJAY SHAH	Bulk	NSE	Buy	1,07,658	₹107.37	₹1.16 Cr
7 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	91,975	₹422.33	₹3.88 Cr
7 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	91,975	₹422.88	₹3.89 Cr
3 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	84,410	₹282.37	₹2.38 Cr
3 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	84,410	₹282.02	₹2.38 Cr
13 Jun 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,21,485	₹224.56	₹2.73 Cr
13 Jun 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,21,485	₹224.13	₹2.72 Cr

1–10 of 11

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Sunil Kumar AgrawalNon-Executive - Non Independent Director-Chairperson
Mr. Anoop Kumar BansalExecutive Director-MD
Mr. Sanjay Chamanlal ShahExecutive Director
Mr. Mayur BhattExecutive Director-CEO
Mr. Dwadasi Venkata GiriNon-Executive - Independent Director
Mr. Sunil Dutt BhattNon-Executive - Independent Director
Mrs. Rama KohliNon-Executive - Independent Director
Mrs. Ushasree BhagavatulaNon - Executive Independent Director
Mr. Nasrendra DewanganChief Financial Officer
Pratik JainCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Sarthak Metals Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

10

Final dividend11 Jul 2025 · ex-date₹0.5
Interim dividend22 Dec 2023 · ex-date₹1
Final dividend9 Aug 2023 · ex-date₹1
Interim dividend30 Dec 2022 · ex-date₹1
Final dividend25 Aug 2022 · ex-date₹1
Interim dividend12 Jan 2022 · ex-date₹1
Final dividend3 Sept 2021 · ex-date₹1
Final dividend31 Aug 2020 · ex-date₹0.5
Dividend dividend19 Aug 2019 · ex-date₹0.5
Dividend dividend21 Jul 2017 · ex-date₹0.5

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

13 announcementsExport CSV

22 Sept 2026, 10:18 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	18.8%	17%	17.7%	15.2%	17.2%	20.4%
EBITDA margin %	7.2%	8.3%	9.8%	6.5%	3.9%	4.1%
EBIT margin %	6.2%	7.9%	9.4%	5.8%	2.4%	2.6%
PAT margin %	3.6%	6%	7.3%	4.5%	2.3%	2.4%
Working capital
Receivable days	63	45	47	48	87	108
Inventory days	60	27	16	28	68	94
Payable days	1	10	1	0	2	4
NWC days	122	63	63	76	152	198
Leverage
Current ratio	2.3	2.95	23.75	39.94	38.58	9.22
Debt to EBITDA	1.97	0.59	0	0	0	0.84
Debt to equity	0.59	0.29	0	0	0	0.05
Interest coverage	4.3	9.3	31.6	25.3	10.8	14.4
Asset turnover	2.43	3.94	3.71	2.54	1.43	1.4
Return ratios
Return on assets %	8.8%	23.7%	27.1%	11.5%	3.3%	3.4%
Return on capital employed %	24.1%	53.2%	45.2%	17.7%	5.8%	5.7%
Return on equity %	15%	35.3%	28.3%	11.9%	3.4%	3.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

Date	Category	Subject	Filing
22 Sept 2026, 10:18 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
9 Sept 2026, 11:50 pm	Company Update Cessation	Announcement under Regulation 30 (LODR)-Cessation	PDF
20 Aug 2026, 2:24 pm	AGM/EGM AGM	Outcome Of 31St Annual General Meeting	PDF
19 Aug 2026, 12:39 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
19 Aug 2026, 9:29 am	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
18 Aug 2026, 11:39 am	Company Update General	Revised Financials For The Quarter Ended 30Th June, 2026.	PDF
14 Aug 2026, 5:00 pm	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
14 Aug 2026, 10:31 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

Sarthak Metals Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

10

1

Announcements

10

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Sarthak Metals Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends10

Board meetings1

Announcements

Dividends10

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

10

1

10

1