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Sarthak Inds

₹24.9 -0.9 | 3.4%

Market Cap ₹23 Cr.

Stock P/E 33.8

P/B 0.6

Current Price ₹24.9

Book Value ₹ 43.5

Face Value 10

52W High ₹37.8

Dividend Yield 0%

52W Low ₹ 22

Sarthak Inds Research see more...

Overview Inc. Year: 1982Industry: Trading

Sarthak Inds Share Price

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Quarterly Price

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Peer Comparison

Sarthak Inds Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 42 44 45 33 13 11 13 8 9 8
Other Income 0 0 0 1 1 1 1 1 1 1
Total Income 42 44 46 34 14 12 14 9 10 8
Total Expenditure 41 43 45 33 14 12 14 8 9 8
Operating Profit 1 1 1 1 1 0 0 0 1 1
Interest 0 0 0 1 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 0 0 0 0 0 0 0 0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 1 0 0 0 0 0 0 0 0 0
Adjustments -0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 0 0 0 0 0 0 0 0
Adjusted Earnings Per Share 0.8 0.4 0.4 0.2 0 0 0.1 0 0.3 0.3

Sarthak Inds Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 110 117 96 98 161 120 112 96 134 164 58 38
Other Income 1 1 4 2 5 4 1 6 2 2 3 4
Total Income 111 117 100 100 166 124 113 102 135 166 62 41
Total Expenditure 109 127 98 97 162 120 110 95 131 162 59 39
Operating Profit 2 -10 2 3 4 5 4 7 5 4 3 2
Interest 1 1 1 2 2 2 2 1 1 1 1 0
Depreciation 1 1 1 0 1 1 1 0 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 -1 0 0 0 0
Profit Before Tax 1 -11 0 1 2 2 1 4 3 2 1 0
Provision for Tax 0 1 0 0 0 0 1 1 1 1 0 0
Profit After Tax 1 -13 0 1 1 2 0 3 2 2 1 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 -13 0 1 1 2 0 3 2 2 1 0
Adjusted Earnings Per Share 0.7 -13.7 0.3 0.9 1.5 1.9 0.5 2.9 2.3 1.8 0.8 0.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -65% -15% -14% -6%
Operating Profit CAGR -25% -25% -10% 4%
PAT CAGR -50% -31% -13% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -31% 20% 28% 19%
ROE Average 2% 4% 4% 0%
ROCE Average 5% 8% 9% 5%

Sarthak Inds Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 43 30 30 31 30 32 33 35 38 39 39
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 1 0 0 7 12 0 0 0 1 1
Other Non-Current Liabilities 0 2 2 2 0 -0 -0 -0 -0 0 -0
Total Current Liabilities 50 57 63 64 43 31 47 27 32 39 29
Total Liabilities 95 90 95 96 81 75 80 61 70 79 69
Fixed Assets 41 24 23 25 29 15 9 3 4 5 4
Other Non-Current Assets 6 5 7 10 10 8 11 6 17 21 16
Total Current Assets 48 61 64 62 43 52 60 51 49 53 49
Total Assets 95 90 95 96 81 75 80 61 70 79 69

Sarthak Inds Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 3 1 1 2 1 4 1 2 1 1
Cash Flow from Operating Activities 0 -21 -1 5 2 -1 11 -23 8 2 -8
Cash Flow from Investing Activities 0 15 3 -2 -1 1 1 28 -9 -4 9
Cash Flow from Financing Activities 0 5 -2 -2 -3 2 -14 -4 -1 2 -2
Net Cash Inflow / Outflow 0 -1 -0 1 -1 3 -2 1 -2 1 -1
Closing Cash & Cash Equivalent 0 1 1 2 1 4 1 2 1 1 1

Sarthak Inds Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.7 -13.67 0.29 0.88 1.52 1.89 0.48 2.92 2.25 1.81 0.82
CEPS(Rs) 1.32 -13.12 0.95 1.31 2.11 2.59 1.25 3.4 2.97 2.67 1.58
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 46.21 32.54 32.56 33.44 32.76 34.59 35 37.18 40.47 42.5 41.77
Core EBITDA Margin(%) 1.25 -8.55 -2.13 0.73 -0.55 0.64 1.84 0.57 2.06 1.12 -1.19
EBIT Margin(%) 1.51 -8.55 1.51 2.78 2.1 3.21 2.49 5.44 2.89 2.15 3.38
Pre Tax Margin(%) 0.84 -9.47 0.43 1.06 1.04 1.78 1.06 4.2 2.2 1.4 1.77
PAT Margin (%) 0.57 -10.62 0.28 0.81 0.86 1.45 0.4 2.84 1.57 1.03 1.3
Cash Profit Margin (%) 1.08 -10.19 0.9 1.21 1.19 1.99 1.04 3.31 2.06 1.52 2.52
ROA(%) 0.59 -13.7 0.29 0.86 1.59 2.25 0.58 3.85 3.19 2.25 1.03
ROE(%) 1.53 -34.72 0.9 2.68 4.6 5.61 1.39 8.08 5.8 4.36 1.94
ROCE(%) 3.22 -23.89 3.77 7.16 8.96 9.09 6.71 14.78 10.53 8.59 4.63
Receivable days 138.59 69.55 82.84 85.62 28.68 35.35 57.49 78.9 46.81 33.83 108
Inventory Days 81.31 36.62 51.41 40.57 22.05 11.09 18.61 28.37 21.91 18.14 35.03
Payable days 195.57 155.93 195.99 213.73 106.84 85.37 74.59 79.23 47.53 50.78 141.24
PER(x) 16.58 0 0 0 0 2.48 0 0 3.74 35.59 39.28
Price/Book(x) 0.25 0.13 0 0 0 0.14 0 0 0.21 1.51 0.77
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.1 0.1 0.14 0.12 0.08 0.12 0.06 0.02 0.04 0.36 0.53
EV/Core EBITDA(x) 4.88 -1.17 6.32 3.58 3.12 3.3 1.81 0.32 1.09 13.78 11.55
Net Sales Growth(%) -11.82 5.75 -17.99 2.07 64.78 -25.26 -7.04 -14.65 39.75 22.54 -64.39
EBIT Growth(%) 12.34 -696.98 114.39 90.61 23.86 12.11 -28.36 86.42 -25.78 -8.98 -43.85
PAT Growth(%) 23.81 -2049.54 102.14 202.36 72.22 24.22 -74.43 503.54 -22.79 -19.75 -54.8
EPS Growth(%) 23.8 -2049.54 102.14 202.37 72.22 24.22 -74.43 503.54 -22.79 -19.75 -54.8
Debt/Equity(x) 0.08 0.3 0.28 0.28 0.24 0.49 0.09 0.01 0.02 0.1 0.08
Current Ratio(x) 0.97 1.06 1.03 0.97 0.98 1.67 1.28 1.94 1.55 1.37 1.65
Quick Ratio(x) 0.9 0.7 0.92 0.72 0.89 1.57 1.1 1.69 1.26 1.19 1.51
Interest Cover(x) 2.25 -9.27 1.39 1.62 1.97 2.24 1.74 4.37 4.2 2.86 2.1
Total Debt/Mcap(x) 0.3 2.42 0 0 0 3.6 0 0 0.1 0.06 0.1

Sarthak Inds Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 36.27 36.27 36.27 36.27 36.27 36.27 36.27 36.27 36.27 36.27
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 63.73 63.73 63.73 63.73 63.73 63.73 63.73 63.73 63.73 63.73
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.6 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 36.27%.
  • Company has a low return on equity of 4% over the last 3 years.
  • Debtor days have increased from 50.78 to 141.24days.
  • The company has delivered a poor profit growth of -12% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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