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Prices as of 8 Oct 2026 close · Not investment advice

Sarthak Metals Limited

NSE: SMLTIron & Steel ProductsShort-term ASM stage 1

Share price

₹77.36

+1.44% close of 9 Oct 2026

Market cap ₹106 CrP/E 21.9 (as of 8 Oct 2026)

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

40

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹106 Cr

P/E ratio

21.9

P/B ratio

0.8

ROCE

5.8%

ROE

4.1%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹111.4952-week low ₹57.41

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 9.4% over the past year, and -19.6% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 8.4% to 4.0% over the last four years.

Whether it grew faster than its sector

It grew -19.6% a year against a sector median of 10.6% — 30.2 percentage points slower.

Room to re-rate, or risk of de-rating

At 21.9× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 32.0×, across 5 companies. It is against its own five-year median of 19.2×, the 63rd percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Sarthak Metals Limited — this one-47%/yr21.9×—
Jayaswal Neco Industries Limited20%/yr15.7×₹0.79
Maharashtra Seamless Limited-3%/yr11.7×—
Sunflag Iron And Steel Company Limited-2%/yr38.1×—
Aeroflex Industries Limited20%/yr102.6×₹5.1
Man Industries (India) Limited43%/yr32.0×₹0.74

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Iron & Steel Products), it ranks 58 of 70 on returns, 65 of 68 on growth, 54 of 70 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 5.8% on capital, ahead of 17% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹45 crore of cash from the business, spent ₹13 crore on plant and equipment, and returned ₹38 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 63 arrived as cash. Its cash comes back more slowly than it used to: it went from being waiting 48 days for its cash to waiting 173 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 18 Aug 2026 · Standalone · Unaudited

Revenue

₹55 Cr

Revenue vs last year

+19.5%

Revenue vs last quarter

-10.9%

Net profit

₹1 Cr

Profit vs last year

+25.4%

Profit vs last quarter

-10.8%

Net margin

2.4%

EPS

₹0.97

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹106 Cr
Prev close
₹77.36
52w High
₹121
52w Low
₹56.6
Enterprise value
₹107 Cr
Beta
0.9
Price CAGR 1y
-29.0%
Price CAGR 3y
-31.0%
Price CAGR 5y
1.0%
Price CAGR 10y
—

Ratios

Return on assets
3.6%
PEG ratio
-0.5
P/E ratio
21.9
P/B ratio
0.8
EV / EBITDA
13.7
Industry P/E
24.8
ROCE
5.8%
ROCE 5y average
22.2%
ROE
4.1%
Debt / Equity
0.0
Interest coverage
—
Dividend yield
0.0%
ROE 3y average
6.0%
ROE last year
4.0%

Annual P&L

Annual revenue
₹192 Cr
Annual profit
₹5 Cr
Operating margin
4.1%
Net profit margin
2.6%
EBITDA margin
4.2%
Sales growth 3y
-22.2%
Sales growth 5y
-2.9%
Profit growth 3y
-47.0%
Profit growth 5y
-10.0%
EPS
₹3.4
Sales growth TTM
9.0%
Profit growth TTM
29.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹55 Cr
Profit latest quarter
₹1 Cr
YoY quarterly sales growth
19.5%
YoY quarterly profit growth
25.5%
OPM latest quarter
2.8%

Balance Sheet

Book Value
₹89.3
Face Value
₹10.0
Total debt
₹0 Cr
Total cash
₹0 Cr
Borrowings
₹0 Cr
Reserves / Equity
7.9

Cash Flow

Operating cash flow
-₹33 Cr
Free cash flow
-₹33 Cr
FCF yield
-32.0%
Net cash flow
-₹29 Cr

Shareholding

Promoter holding
68.8%
FII holding
0.1%
DII holding
—
Public holding
31.1%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Welspun Corp2,668.0030.570,3790.181,047.9198.64,081.114.922.9
APL Apollo Tubes2,076.9046.957,6670.40263.110.95,606.78.431.8
Shyam Metalics1,066.6026.529,7720.42350.718.15,455.123.413.0
Ratnamani Metals2,494.4039.817,4840.40107.0-37.7971.6-15.617.9
Jindal Saw270.8526.517,3210.7290.8-75.44,452.39.010.4
Usha Martin502.4028.115,3100.73142.040.71,033.016.419.5
Godawari Power207.4517.013,9660.47222.42.71,750.532.320.5
Sarthak Metals76.4921.51050.001.325.555.219.45.8
Median169.4722.69660.0014.328.3213.216.613.0

Competes with: APL Apollo Tubes Limited, Gallantt Ispat Limited, Godawari Power And Ispat limited, Jindal Saw Limited, Ratnamani Metals & Tubes Limited, Shyam Metalics and Energy Limited, Usha Martin Limited, Welspun Corp Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales82777571414644484636486255
Expenses74707368394442474435465954
Material Cost383927384746
Change in Inventories1.11-1.070.66-0.15-0.13-0.65
Purchases of Stock-in-Trade00002.950.99
Employee Cost3.943.243.603.724.273.88
Other Expenses3.563.723.023.835.853.78
Operating Profit7.567.202.452.651.621.932.051.371.761.642.102.511.56
OPM %9.249.303.253.753.994.224.662.853.814.524.404.052.83
Other Income0.240.460.690.540.590.740.470.900.620.170.490.651.39
Exceptional items (within Other Income)000000
Interest0.110.100.330.250.120.180.090.250.120.070.050.250.26
Depreciation0.430.440.540.630.530.610.790.810.690.720.750.750.62
Profit before tax7.267.122.272.311.561.881.641.211.571.021.792.162.07
Tax %26232425105626443225273136
Net Profit5.355.511.731.731.400.831.220.671.060.761.301.491.33
EPS in Rs3.914.021.261.261.020.610.890.490.770.560.951.090.97
Diluted EPS in Rs0.490.770.570.951.090.97

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales151128152171189214222457408305178192201
Expenses144119143161177203206419368285171184193
Material Cost148151
Change in Inventories0.14-0.69
Purchases of Stock-in-Trade02.95
Employee Cost1115
Other Expenses1217
Operating Profit79910121116384020788
OPM %4.9076665781063.904.103.90
Other Income1122210432323
Exceptional items (within Other Income)00
Interest334344341110.491
Depreciation11112222222.752.913
Profit before tax456786113640196.286.557
Tax %323434322828262326273429
Net Profit34456582730144.124.615
EPS in Rs2.372.952.893.484.213.375.842022103.013.373.57
Diluted EPS in Rs3.013.37
Dividend Payout %0017012151710910170

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
4%
5 years
-3%
3 years
-22%
TTM
9%

Compounded profit growth

10 years
3%
5 years
-10%
3 years
-47%
TTM
29%

Stock price CAGR

10 years
—
5 years
1%
3 years
-31%
1 year
-29%

Return on equity

10 years
15%
5 years
15%
3 years
6%
Last year
4%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121214141414141414141414
Reserves81219232932396491102107111
Borrowings24242726362332220000
Other Liabilities31335761654413
Total Liabilities47496365847691116110120124137
Fixed Assets67791415141111151917
CWIP212100002000
Investments111111110002
Other Assets3940535569617710497105104117
Total Assets47496365847691116110120124137

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2540117-1163527-0-33
Cash from Investing Activity-3-1-20-6-3-13-2-3-6-2
Cash from Financing Activity2-3607-174-15-26-3-06
Net Cash Flow-00702-224720-6-29
Free Cash Flow-1320-514-2193222-7-34

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6071716245486345474887108
Inventory Days293629396045602716286894
Days Payable4012881101024
Cash Conversion Cycle85106100999785122636376152198
Working Capital Days28413557515065486879148173
ROCE %1719181717141840411866

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Sep 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters706969696969696969696969
FIIs0.690.600.610.190.160.150.150.140.140.140.140.14
DIIs0
Public303030313131313131313131
No. of Shareholders8,52010,90011,83712,32912,60812,25412,12511,81911,66711,39011,19010,956

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -23.9% (₹101.62 → ₹77.36)Brick size ₹4.89 (fixed)Bricks 25
₹60.00₹100₹77.36Nov '25Feb '26May '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹77.36 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-0.10inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-09-30

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

16.10cr

2026-09-30

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-09-30

News

News and filings about Sarthak Metals Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • alloy powders and fluxes for flux cored welding wires
  • aluminium and recycled aluminium scrap
  • calcium silicide, calcium iron and calcium aluminium iron
  • ferro boron
  • ferro niobium
  • ferro titanium
  • low-carbon steel strip / steel sheath
  • magnesium ferrosilicon

Depends on the price of

  • aluminium
  • steel

Sells to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Iron & Steel Products
Classification
Capital Goods › Iron & Steel Products
ISIN
INE017W01010

Plants

  • 400 KW rooftop solar power plant, Bhilai
  • Sarthak Metals manufacturing unit, Hathkhoj

News impact

Big market events that reach Sarthak Metals Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

11 Jul 2025unspecified₹0.5
22 Dec 2023interim₹1
9 Aug 2023unspecified₹1
30 Dec 2022interim₹1
25 Aug 2022unspecified₹1
12 Jan 2022interim₹1

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 2, delete 1, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023
  • bse-history fill: 587 BSE bars before cutoff, code 540393, seam residual 1.00201× · 25 Nov 2021

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.