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    Industrial - Machinery
Sarthak Industries Limited

Sarthak Industries Limited

SARTHAKIND.BO
Sarthak Industries LimitedIN flagBombay Stock Exchange
25.43
INR
+0.52
- -
236.29MMarket Cap
Sarthak Industries Limited
SARTHAKIND.BO
(Bombay Stock Exchange)

Recent

price

25.43

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
89.04
152.42
118.89
125.72
103.11
105.24
173.41
129.61
120.49
102.84
143.72
176.12
62.72
32.86
219.72
304.06
302.55
Revenue per Share
0.9
0.64
0.7
-13.67
0.29
0.88
1.52
1.89
0.48
2.92
2.25
1.81
0.82
0.73
3.04
3.75
3.73
Basic EPS, GAAP
- -
- -
- -
-22.77
-1.36
1.34
-1.34
-2.42
5.73
-27.57
-2.8
-3.55
-8.96
-2.19
-15.98
-24.12
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
18.13
16.74
3.07
3.09
0.91
2.44
4.34
4.8
7.72
9.95
11.75
15.05
15.83
9.99
10.01
9.96
Book Value per Share
- -
51.44
46.21
32.54
32.56
31.85
32.76
34.58
34.99
37.18
40.47
42.5
41.77
43.42
45.35
49.21
48.97
Tangible Book Value per Share
7
8
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
Basic Weighted Avg Shares
661
1,253
1,105
1,168
958
978
1,611
1,204
1,120
956
1,335
1,636
583
304
2,043
2,822
2,822
Sales/Revenue/Turnover
2.07
0.87
0.76
-9.14
-2.03
0.57
0.5
0.24
1.85
1.94
1.84
1.07
-0.01
-5.46
1.56
0.88
0.88
Operating Margin (%)
4
5
6
5
6
4
5
7
7
4
7
8
7
5
4
3
3
Depreciation Expense
7
5
7
-127
3
8
14
18
4
27
21
17
8
7
28
35
35
Net Income, GAAP
33.7
38.19
31.54
- -
34.71
23.22
17.52
18.53
62.11
32.41
28.83
26.49
26.62
24.49
24.24
11.77
11.77
Effective Tax Rate (%)
1.01
0.42
0.59
-10.87
0.28
0.84
0.88
1.46
0.4
2.84
1.57
1.03
1.3
2.22
1.38
1.23
1.23
Profit Margin (%)
- -
414
-17
36
17
-37
-8
70
-15
249
175
142
192
252
274
306
306
Working Capital
- -
114
23
8
2
- -
73
115
1
3
5
8
6
4
3
- -
- -
LT Debt
- -
423
429
302
303
296
304
321
325
346
376
395
388
402
422
457
457
Total Equity
10.95
2.27
1.1
- -
-3.27
1.13
1.76
0.55
1.9
3.55
4.7
3.13
-0.01
-3
5.36
4.02
4.02
Return on Invested Capital (%)
15.36
3.3
2.62
- -
6.75
17.77
26.77
19.53
6.68
43.2
26.49
17.96
7.81
7.13
24.1
27.64
22.77
Return on Capital (%)
23.99
7.06
4.28
-138.01
9.48
44.15
90.99
55.81
10.58
46.59
25.49
16.65
6.1
4.72
23.61
37.45
25.97
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
147
- -
144
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
- -
9
Market Capitalization
342
283
211

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
658
- -
912
Cash, Cash Equivalents & STI
44
- -
37
Accounts Receivable, Net
282
- -
419
Inventories
183
- -
298
Total Current Liabilities
377
- -
606
Payables & Accruals
- -
- -
- -
ST Debt
147
- -
144
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.48%
4.01%
8.29%
Free Cash Flow
-33.97%
157.63%
50.57%
Net Income, GAAP
75.84%
51.13%
23.1%
Sales/Revenue/Turnover
57.75%
103.99%
38.1%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
78
87
76
63
304
2025
76
322
615
1,031
2,043
2026
589
829
432
971
2,822

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.3
0.32
- -
0.73
2025
0.27
0.95
1.12
0.74
3.04
2026
1.22
0.34
0.46
1.72
3.75

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Sarthak Industries Limited manufactures liquefied petroleum gas (LPG) cylinders and engages in merchant trading activities including wholesale of dairy products, edible oils, vanaspati ghee, agricultural commodities, non-agricultural commodities, and opportunistic ventures in mining and mineral-based industries; it supplies LPG cylinders to major oil companies such as Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd., and Bharat Petroleum Corporation Ltd., as well as private entities, with an annual manufacturing capacity of 700,000 cylinders at its facility in Pithampur Industrial Area, District Dhar, Madhya Pradesh. Incorporated in 1982 as Malav Metals Private Limited in Madhya Pradesh, the company converted to public limited status in 1994 as Avanti LPG (India) Limited, changed its name to Sarthak Industries Limited, listed on the BSE in 1996, and maintains its registered office in Mumbai with corporate headquarters at 214 Trade Centre, South Tukoganj, Indore, Madhya Pradesh. It operates primarily in India across the cylinders manufacturing and trading segments, targeting oil marketing companies, wholesalers, and commodity markets. In recent developments, the company formed a partnership firm named Sarthak Solitaire Venture for expanded business activities, reported significant revenue growth with net sales reaching Rs 82.92 crore in September 2025 quarter up 157.85% year-over-year alongside quarterly results approvals in board meetings through 2025, and shifted its registered office within Mumbai in 2014 while issuing bonus shares in a 1:3 ratio in 2022.