1. India Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
Sarthak Metals Ltd

Sarthak Metals Ltd

76.13
INR
+0.53
(+0.70%)
3.59EPS
19.01P/E
934.19MMarket Cap
Sarthak Metals Ltd
NSE:SMLT
(National Stock Exchange of India)

Recent

price

76.13

P/E

ratio

19.01

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
73.45
82.47
107.22
110.25
93.33
111.16
125.1
138.25
156.44
161
332.57
296.83
222.89
129.51
139.72
148.02
Revenue per Share
1.22
1.75
1.9
2.1
2.61
2.89
3.47
4.21
3.38
5.84
20.07
21.74
10.1
3.01
3.37
3.59
Basic EPS, GAAP
3.25
-2.72
3.13
-1.09
2.5
1.35
-1.14
-7.41
10.2
-1.39
10.62
23.36
16.15
-5.38
-24.46
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
0.6
- -
0.6
0.5
2
2
2
- -
0.5
- -
Dividend per Share
11.01
9.17
12.96
15.02
17.48
23.87
26.74
30.95
33.51
38.79
56.93
76.69
84.8
87.81
90.78
91.66
Book Value per Share
11.01
9.17
12.96
15.02
17.48
23.63
26.6
30.86
33.46
38.76
56.91
76.68
84.79
87.81
90.78
91.66
Tangible Book Value per Share
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
Basic Weighted Avg Shares
1,006
1,129
1,468
1,509
1,278
1,522
1,713
1,893
2,142
2,204
4,553
4,064
3,052
1,773
1,913
2,012
Sales/Revenue/Turnover
9.35
8.09
7.33
7.64
6.58
5.68
5.25
5.53
4.21
6.29
8.55
9.63
5.89
2.45
3.19
2.47
Operating Margin (%)
8
12
12
11
10
10
14
16
23
21
17
15
20
28
29
28
Depreciation Expense
17
24
26
29
36
40
48
58
46
80
275
298
138
41
46
49
Net Income, GAAP
33.34
29.79
32.82
32.23
33.81
33.62
32.34
28.44
27.92
26.24
23.34
26.01
27.09
34.41
29.57
30.83
Effective Tax Rate (%)
1.66
2.12
1.77
1.9
2.79
2.6
2.78
3.05
2.16
3.63
6.04
7.32
4.53
2.32
2.41
2.42
Profit Margin (%)
98
59
116
128
157
233
282
300
303
428
676
917
1,016
1,015
912
893
Working Capital
11
15
12
7
4
10
23
28
16
44
26
- -
- -
- -
- -
- -
LT Debt
151
126
177
206
239
327
366
424
459
531
779
1,050
1,161
1,202
1,243
1,255
Total Equity
- -
7.37
7.74
6.99
7.92
10.8
10.07
10.58
9.49
13.29
31.66
26.99
11.71
2.48
3.13
2.73
Return on Invested Capital (%)
- -
13.03
14.32
11.28
11.78
11.54
10.84
11.57
9.49
13.57
32.79
29.7
13.03
3.71
3.83
4.22
Return on Capital (%)
- -
17.3
17.17
15.01
16.05
13.96
13.73
14.59
10.48
16.15
41.94
32.54
12.51
3.49
3.77
3.96
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
66
52
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
14
Market Capitalization
1,181
786
934

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
929
1,023
978
Cash, Cash Equivalents & STI
39
1
2
Accounts Receivable, Net
481
569
533
Inventories
377
392
357
Total Current Liabilities
15
111
85
Payables & Accruals
- -
- -
- -
ST Debt
- -
66
52
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.73%
19.8%
3.38%
Free Cash Flow
-58.01%
-110.21%
354.86%
Net Income, GAAP
24.56%
28.05%
11.92%
Sales/Revenue/Turnover
9.51%
7.38%
7.88%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
406
457
440
481
1,773
2026
462
363
477
620
1,913
2027
552
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.99
0.61
0.92
0.49
3.01
2026
0.77
0.57
0.95
1.09
3.37
2027
0.97
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
0.5
2027
- -
- -
- -
- -
- -
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Business
Sarthak Metals Limited manufactures and supplies metallurgical cored wires and ferro alloys primarily catering to the steel manufacturing industry in India and international markets. Its product portfolio includes various types of metallurgical wires such as calcium silicide, calcium iron, calcium solid wire, calcium aluminum iron, lead cored, ferro titanium, carbon, ferro boron, magnesium ferrosilicon, nitride manganese, carbon steel, stainless steel, hardfacing, ferro niobium wires, along with aluminum flipping coils and wire feeder machines. The company serves steel mills, flat and long product manufacturers, automotive-grade steel producers, stainless steel, foundries, shipbuilding, infrastructure and construction, fabrication workshops, mechanical engineering, and hardfacing and surfacing industries. Founded in 1995 and headquartered in Bhilai, Chhattisgarh, Sarthak Metals is an ISO 9001-2015 certified company. Recently, the company has undergone key management changes including the appointment of Narendra Dewangan as Chief Financial Officer in August 2025, reflecting ongoing strategic management refreshment. Sarthak Metals maintains a robust domestic presence with a growing international footprint, leveraging advanced manufacturing capacity and rigorous quality control systems to maintain its status as a preferred supplier to major steel companies across India and abroad. The company also focuses on aluminum wire rods manufactured through recycling processes, enhancing its product sustainability profile. Its operations emphasize precision metallurgy solutions via wire injection technology to optimize steel properties and manufacturing outcomes. This positions Sarthak Metals as a significant player in metal fabrication and ancillary steel processing industries, continually expanding its technological and market reach.