SMARTEN

Smarten Power Systems Limited

Listed company · ISIN INE14GK01016 · NSE SM · FV ₹10
Last price
₹65
+8.55%today
What this company does

Smarten Power Systems Limited is a listed company. It booked ₹205 cr of revenue in its latest half year (H1 FY27) and kept 5.9% of sales as profit.

72out of 100
Equitytale Health Score
Solid

Healthier than 72% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,387–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
59

At close. Not part of the score.

Profitability & returns80

How much profit it earns on the money it employs

Balance sheet80

How much it owes, and whether earnings cover the interest

Cash quality17

Whether reported profit actually arrives as cash

Valuation82

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
A mixed picture
Strengths
✓ Makes a profit
✓ Promoters hold 67%
✓ No promoter shares pledged
✓ Strong 31% return on equity
✓ Virtually debt-free
Watch-outs
! Thin 5.9% net margin

What if I invest in SMARTEN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹65▲ +8.55%
latest close · 2026-11-04
52-wk low ₹4871 sessions so far52-wk high ₹67
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio5.2Low
LowAverageHigh
P/B ratio1.62Moderate
Below bookModerateHigh
EV / EBITDA3.8Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity31.3%Strong
WeakFairStrong ▸15%
Return on capital33.6%Strong
WeakFairStrong
Net margin5.9%Decent
ThinDecentStrong
EBITDA margin8.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.04Comfortable
LowModerateHigh ▸1
Interest cover34.1×Strong
RiskyOkayStrong ▸5×
Current ratio2.36Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹124 cr
Book value
₹40
EPS
₹6.31
latest half year
Net debt
₹1 cr
owes more than its cash
Enterprise value
₹125 cr
EBITDA
₹33 cr
annualised
EBIT
₹33 cr
annualised
Operating margin
8.0%
Return on assets
16.3%
Earnings yield
19.30%
P/S
0.30
Sales / share
₹215.3
Tax rate
24.3%
Face value
₹0
Shares
1.9 cr
Working capital
₹69 cr
Current assets
₹119 cr
Current liabilities
₹51 cr
Delivery %
92.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹39–₹39, midpoint ₹39

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H1 FY27 (consolidated)
Revenue from Operations₹205 cr
Other Income₹40.4 L
Total Income₹205 cr
Cost of Materials₹100 cr
Purchases of Stock-in-Trade₹71 cr
Inventory Change (±)₹-12 cr
Employee Benefit Expense₹12 cr
Finance Costs₹47.8 L
Other Expenses₹17 cr
Total Expenses₹189 cr
Profit before Tax₹16 cr
Tax Expense₹4 cr
Net Profit₹12 cr
Net margin on total income5.8%
Where the money goes · H1 FY27
% of total income
Materials + stock-in-trade₹159 cr77.5%
Employee benefit expense₹12 cr5.8%
Finance costs₹47.8 L0.2%
Other expenses₹18 cr8.8%
Tax expense₹4 cr1.9%
Profit for the period₹12 cr5.8%
Total income ₹205 cradds up to ₹100 ✓
Half-yearly results · consolidated (₹ cr)
MetricH2 FY26H1 FY27
Revenue127 cr205 cr
Total income128 cr205 cr
Expenses123 cr189 cr
Profit before tax4 cr16 cr
Tax1 cr4 cr
Net profit (owners' share)3 cr12 cr
Net margin (owners' share, on revenue)2.3%5.9%
EPS (₹)1.546.31
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹148 cr
Shareholder equity
₹77 cr
parent shareholders
Total debt
₹3 cr
Cash
₹2 cr
Who owns it · 2026-09-30
No pledge
Promoter
67.1%
FII / Foreign
—
DII / Domestic
0.0%
Retail / others
32.9%
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Sep 2026
See the official result
1
To receive, consider, and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, along with the reports of the Directors’ and Auditors’ thereon.
This filing does not break the votes down by shareholder group.
2
To receive, consider, and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, along with the reports of the Auditors’ thereon.
This filing does not break the votes down by shareholder group.
3
To appoint a Director in place of Mr. Ravi Dutt (DIN: 06813116), who retires by rotation and being eligible, offers himself for re-appointment.
This filing does not break the votes down by shareholder group.
4
To Regularise the Appointment of Ms. Khyati Pahuja (DIN:10768473), as a Non-Executive Independent Director of the Company
This filing does not break the votes down by shareholder group.

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 62 named members
owning 67.1% between them · as of 2026-09-30
ARUN BHARDWAJ17.89%
RAJNISH SHARMA17.89%
RAVI DUTT17.89%
TIRATH SINGH KHAIRA13.42%
Akshita Bhardwajno shares
Amanpreet Kaurno shares
Anju Bhardwajno shares
Ardent Power Systems Pty Ltdno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹50 cr raised in Jul 2025 by selling shares to the public

The company has not broken this money down into purposes in its filing for Mar 2026, so there is nothing to measure it against yet. Acuite Ratings Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.