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Sarthak Metals

₹252.2 3.6 | 1.4%

Market Cap ₹345 Cr.

Stock P/E 18.8

P/B 3

Current Price ₹252.2

Book Value ₹ 83.5

Face Value 10

52W High ₹448.6

Dividend Yield 0.79%

52W Low ₹ 154.5

Sarthak Metals Research see more...

Overview Inc. Year: 1995Industry: Metal - Ferrous

Sarthak Metals Ltd is a prominent company specializing in the manufacturing and distribution of metal products. With a strong presence in the industry, Sarthak Metals has established itself as a reliable supplier of high-quality metal components and solutions. The company offers a diverse range of products, including stainless steel sheets, coils, pipes, fittings, and various other metal alloys. Sarthak Metals boasts state-of-the-art manufacturing facilities equipped with advanced machinery and technology, ensuring precision and efficiency in production processes. Committed to meeting customer requirements, the company emphasizes stringent quality control measures to deliver products that adhere to international standards. Apart from manufacturing, Sarthak Metals also excels in providing comprehensive solutions tailored to clients' specific needs. Their team of skilled professionals and engineers offer expert advice, design assistance, and project management support, contributing to the success of various industrial ventures. With a focus on customer satisfaction and a reputation for excellence, Sarthak Metals Ltd has emerged as a leading player in the metal industry, catering to diverse sectors such as construction, automotive, aerospace, and more.

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Sarthak Metals Share Price

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Sarthak Metals Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 108 107 147 134 101 93 81 82 77 75
Other Income 0 0 0 2 1 1 1 0 0 1
Total Income 108 107 148 135 102 93 81 82 78 76
Total Expenditure 100 96 135 123 90 82 73 74 70 73
Operating Profit 8 11 12 12 12 11 8 8 8 3
Interest 1 1 1 1 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 1
Exceptional Income / Expenses 0 0 0 0 -1 0 0 0 0 0
Profit Before Tax 6 10 11 12 11 10 8 7 7 2
Provision for Tax 2 2 3 3 3 3 2 2 2 1
Profit After Tax 5 7 8 9 8 8 6 5 6 2
Adjustments 0 -0 0 0 -0 0 0 -0 0 0
Profit After Adjustments 5 7 8 9 8 8 6 5 6 2
Adjusted Earnings Per Share 3.6 5.2 5.9 6.3 5.7 5.5 4.2 3.9 4 1.3

Sarthak Metals 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 113 147 151 131 152 171 189 214 222 457 408 315
Other Income 0 0 1 1 2 2 2 1 0 1 4 2
Total Income 113 147 151 132 154 173 191 215 222 458 412 317
Total Expenditure 106 139 144 122 143 161 177 203 206 419 368 290
Operating Profit 7 8 8 10 11 12 14 12 16 39 44 27
Interest 3 3 3 3 4 3 4 4 3 4 1 0
Depreciation 1 1 1 1 1 1 2 2 2 2 2 1
Exceptional Income / Expenses -0 0 0 0 0 -0 -0 -0 0 3 -1 0
Profit Before Tax 3 4 4 5 6 7 8 6 11 36 40 24
Provision for Tax 1 1 1 2 2 2 2 2 3 8 10 7
Profit After Tax 2 3 3 4 4 5 6 5 8 27 30 19
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 3 3 4 4 5 6 5 8 27 30 19
Adjusted Earnings Per Share 2 2.2 2.4 3 2.9 3.5 4.2 3.4 5.8 20.1 21.7 13.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -11% 24% 19% 14%
Operating Profit CAGR 13% 54% 30% 20%
PAT CAGR 11% 82% 43% 31%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 38% 78% 60% NA%
ROE Average 33% 30% 23% 19%
ROCE Average 41% 34% 27% 22%

Sarthak Metals 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 15 18 21 24 33 37 42 46 53 78 105
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 1 1 0 1 2 3 2 4 3 0
Other Non-Current Liabilities 0 0 0 0 0 0 1 1 1 1 1
Total Current Liabilities 20 21 25 24 29 28 38 28 33 35 4
Total Liabilities 37 40 47 49 63 67 84 76 91 116 110
Fixed Assets 5 6 6 7 7 9 14 15 14 11 11
Other Non-Current Assets 2 2 3 1 3 2 2 4 2 2 3
Total Current Assets 30 33 38 40 52 56 68 58 76 102 96
Total Assets 37 40 47 49 63 67 84 76 91 116 110

Sarthak Metals 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 2 1 1 1 2 9 2 4 1 3 8
Cash Flow from Operating Activities -3 6 2 5 4 0 1 17 -1 16 35
Cash Flow from Investing Activities -0 -2 -3 -1 -2 -2 -6 -3 -1 3 -2
Cash Flow from Financing Activities 2 -4 2 -3 5 -6 7 -17 4 -15 -26
Net Cash Inflow / Outflow -1 0 -0 0 7 -7 2 -2 2 4 7
Closing Cash & Cash Equivalent 1 1 1 2 9 2 4 1 3 8 15

Sarthak Metals 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) 1.98 2.15 2.38 2.95 2.89 3.47 4.21 3.38 5.84 20.07 21.74
CEPS(Rs) 2.98 3.12 3.27 3.78 3.62 4.46 5.36 5.02 7.4 21.31 22.86
DPS(Rs) 0 0 0 0 0.5 0 0.5 0.5 1 2 2
Book NAV/Share(Rs) 12.49 14.67 17.01 19.79 23.76 26.65 30.9 33.7 38.79 56.93 76.69
Core EBITDA Margin(%) 6 5.32 4.87 5.97 5.23 5.2 5.43 4.45 7.15 8.29 9.81
EBIT Margin(%) 5.28 4.82 4.53 5.93 5.75 5.29 5.4 3.97 6.35 8.71 10.18
Pre Tax Margin(%) 3.01 2.64 2.81 3.71 3.46 3.55 3.65 2.54 4.86 7.84 9.85
PAT Margin (%) 2.12 1.77 1.9 2.45 2.3 2.4 2.61 1.83 3.61 6.01 7.29
Cash Profit Margin (%) 3.19 2.57 2.62 3.14 2.89 3.08 3.33 2.72 4.57 6.38 7.66
ROA(%) 7.1 6.76 6.58 7.43 7.08 7.31 7.63 5.78 9.54 26.51 26.33
ROE(%) 17.36 15.85 15.01 16.05 13.99 13.78 14.63 10.46 16.11 41.94 32.54
ROCE(%) 18.56 19.38 16.64 18.78 18.42 17.17 16.95 13.57 18.3 43.18 40.5
Receivable days 57.54 51.68 54.21 62.26 58.16 54.23 43.29 37.15 54.64 37.92 49.11
Inventory Days 18.84 21.35 25.73 26.92 22.16 23.67 34.39 34.65 42.55 23.11 19.07
Payable days 1.46 2.78 4.24 2.93 0.71 1.61 5.06 7.55 4.57 5.26 5.87
PER(x) 0 0 0 0 12.15 11.8 6.77 4.2 5.14 4.63 7.54
Price/Book(x) 0 0 0 0 1.48 1.54 0.92 0.42 0.77 1.63 2.14
Dividend Yield(%) 0 0 0 0 1.43 0 1.75 3.52 3.33 2.15 1.22
EV/Net Sales(x) 0.24 0.21 0.23 0.26 0.44 0.47 0.38 0.19 0.31 0.31 0.51
EV/Core EBITDA(x) 3.82 3.7 4.38 3.53 6.14 6.72 5.28 3.37 4.24 3.65 4.77
Net Sales Growth(%) 12.29 30 2.83 -13.18 16.14 12.54 10.51 13.16 3.52 106.26 -10.69
EBIT Growth(%) 18.35 18.88 -3.45 26.22 14.38 6.25 13.73 -15.82 40.27 182.96 4.31
PAT Growth(%) 43.31 8.81 10.53 24.21 10.64 20.4 21.19 -19.78 72.91 243.76 8.31
EPS Growth(%) 42.89 8.63 10.53 24.21 -2.29 20.4 21.19 -19.78 72.91 243.76 8.31
Debt/Equity(x) 1.35 1.12 1.16 0.98 0.84 0.71 0.85 0.51 0.59 0.29 0
Current Ratio(x) 1.49 1.56 1.5 1.65 1.81 2 1.79 2.1 2.3 2.95 23.73
Quick Ratio(x) 1.16 1.05 1.08 1.21 1.46 1.45 1.1 1.31 1.4 2.14 20.12
Interest Cover(x) 2.33 2.21 2.63 2.67 2.52 3.03 3.08 2.77 4.27 9.96 31.02
Total Debt/Mcap(x) 0 0 0 0 0.57 0.46 0.93 1.21 0.76 0.18 0

Sarthak Metals Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 69.83 69.83 69.83 69.83 69.83 69.83 69.61 69.61 69.61 69.29
FII 0 0 0 0.41 0.69 0.97 1.24 0.82 0.69 0.59
DII 0 0 0 0 0 0 0 0 0 0
Public 30.17 30.17 30.17 29.75 29.47 29.19 29.15 29.56 29.71 30.12
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 43% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 5.26 to 5.87days.

* 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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