SMLTIndustrials

Sarthak Metals Limited

Iron & Steel Products · ISIN INE017W01010 · BSE 540393 · NSE EQ · FV ₹10
Last price
₹60
+0.17%today
What this company does

Sarthak Metals Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹55 cr of revenue in its latest quarter (Q1 FY27) and kept 2.4% of sales as profit.

The Company manufactures seven opportunities, secure a strong foothold across multiple growing sophistication of its manufacturing base.
In the report:
52out of 100
Equitytale Health Score
Mixed

Healthier than 52% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 129–290 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)
31

At close. Not part of the score.

Profitability & returns25

How much profit it earns on the money it employs

Balance sheet81

How much it owes, and whether earnings cover the interest

Cash quality29

Whether reported profit actually arrives as cash

Growth & consistency25

Whether sales and profit have grown, and how steadily

Valuation77

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

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 19% vs last year
Profit up 25% vs last year
Promoters hold 69%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Thin 2.4% net margin
! Low 4.3% return on equity
! Operating cash flow is negative

What if I invest in SMLT?

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 We do not publish price targets or predict returns.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 quarter + price
₹60 +0.17%
latest close · 2026-09-17
52-wk low ₹58191 sessions so far52-wk high ₹144
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 ratio15.5Average
LowAverageHigh
P/B ratio0.66Below book
Below bookModerateHigh
EV / EBITDA7.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity4.3%Weak
WeakFairStrong ▸15%
Return on capital7.4%Weak
WeakFairStrong
Net margin2.4%Thin
ThinDecentStrong
EBITDA margin5.3%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.05Comfortable
LowModerateHigh ▸1
Interest cover9.1×Strong
RiskyOkayStrong ▸5×
Current ratio9.21Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹82 cr
Book value
₹91
EPS
₹0.97
latest quarter
Net debt
₹7 cr
owes more than its cash
Enterprise value
₹89 cr
EBITDA
₹12 cr
annualised
EBIT
₹9 cr
annualised
Operating margin
4.2%
Return on assets
3.9%
Earnings yield
6.47%
P/S
0.37
Sales / share
₹161.3
Tax rate
35.9%
Face value
₹10
Shares
1.4 cr
Working capital
₹91 cr
Current assets
₹102 cr
Current liabilities
₹11 cr
Delivery %
70.7%
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 quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 6% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹72₹144, midpoint ₹108

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 · Q1 FY27 (consolidated)
Revenue from Operations₹55 cr
Other Income₹1 cr
Total Income₹57 cr
Cost of Materials₹46 cr
Purchases of Stock-in-Trade₹99.3 L
Inventory Change (±)₹-65.3 L
Employee Benefit Expense₹4 cr
Finance Costs₹25.6 L
Depreciation & Amortisation₹61.8 L
Other Expenses₹4 cr
Total Expenses₹55 cr
Profit before Tax₹2 cr
Tax Expense₹74.4 L
Net Profit₹1 cr
Net margin on total income2.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹46 cr81.3%
Employee benefit expense₹4 cr6.8%
Finance costs₹25.6 L0.5%
Depreciation & amortisation₹61.8 L1.1%
Other expenses₹4 cr6.7%
Tax expense₹74.4 L1.3%
Profit for the period₹1 cr2.3%
Total income ₹57 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue48 cr62 cr55 cr
Total income48 cr63 cr57 cr
Expenses46 cr60 cr55 cr
Profit before tax2 cr2 cr2 cr
Tax49.5 L67 L74.4 L
Net profit (owners' share)1 cr1 cr1 cr
Net margin (owners' share, on revenue)2.7%2.4%2.4%
EPS (₹)0.951.090.97
YoY (latest quarter): total income +20.8% · net profit +25.3%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹137 cr
Shareholder equity
₹124 cr
parent shareholders
Total debt
₹7 cr
Cash
₹7.2 L
Cash flow · H1 FY26
Operating
₹-15 cr
Investing
₹-2 cr
Financing
₹2 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.5
ex 11 Jul 2025
ActionDetailEx-date
Dividend₹0.5 / share11 Jul 2025
Dividend₹1 / share22 Dec 2023
Dividend₹1 / share9 Aug 2023
Dividend₹1 / share30 Dec 2022
Dividend₹1 / share25 Aug 2022
Dividend₹1 / share12 Jan 2022
Who owns it · 2026-06-30
No pledge
Promoter
68.8%
FII / Foreign
0.1%
DII / Domestic
Retail / others
31.1%
Promoter stake down 0.8% over the last 12 quarters.
Smart-money activity
Insider trades
SoldAnirudh Singhal · Key Managerial Personnel200 · ₹27,6001 Sep 22
SoldAnirudh Singhal · Key Managerial Personnel500 · ₹68,2501 Sep 22
SoldAnirudh Singhal · Key Managerial Personnel300 · ₹41,40029 Aug 22
Bulk / block deals
BoughtSHAH SANJAY CHAMANLAL · NSE1.94 L @ ₹107.1520 Aug 25
SoldBANSAL KIRTI · NSE2.00 L @ ₹107.1820 Aug 25
BoughtSHALINI SANJAY SHAH · NSE1.08 L @ ₹107.3719 Aug 25
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 · 18 Aug 2026
See the official result
1
Adoption of Audited Financial Statements
Backed by 100% of shareholders other than promotersneeded 50%
7.91 L votes for, 11 against · 0% of mutual funds and other big investors said no
2
Appointment of a Director retiring by rotation
Backed by 100% of shareholders other than promotersneeded 50%
7.91 L votes for, 11 against · 0% of mutual funds and other big investors said no
3
Appointment of Mrs. Ushasree Bhagavatula (DIN: 11480507) as Independent Women Director
Backed by 100% of shareholders other than promotersneeded 75%
7.91 L votes for, 11 against · 0% of mutual funds and other big investors said no
4
To approve Material Related Party Transactions of the Company with M/s Bansal Brothers
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.09 L votes for, 11 against · 0% of mutual funds and other big investors said no

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 — 16 named members
owning 68.8% between them · as of 2026-06-30
MANOJ KUMAR BANSAL27.63%
ANOOP KUMAR BANSAL8.37%
SANJAY CHAMANLAL SHAH7.96%
KISHORE KUMAR BANSAL5.41%
DESHRAJ BANSAL HUF3.94%
METAL GRACE INJECTION ALLOYS PRIVATE LIMITED3.54%
SHALINI SANJAY SHAH2.94%
CHAMANLAL KHUSHALJI SHAH HUF2.89%

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.

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