Companies›Industrials›Capital Goods›Industrial Products
NSE:SMLT

SARTHAK METALS LIMITED

Capital Goods › Industrial Products
₹77.90
at close · 9 Oct 2026
▲ 2.28 (+3.02%)

Latest filings

  1. Clarification on price movement - no pending disclosure · Regulatory & Legal
  2. BSE seeks clarification on sharp price movement in Sarthak Metals · Compliance
  3. Trading window closed from Oct 1 ahead of Q2 results · Compliance
All filings ↓
Ask Nexa about SARTHAK METALS LIMITED

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Makes specialised steel downstream products from its base in Bhilai, with cored wire as the core product and welding consumables and aluminium flipping coils as newer or smaller lines. Cored wire volumes grew 14% in FY26, with Q4 FY26 volumes up 32% year-on-year, and the new welding consumables division delivered about Rs 15.7 crore in revenue in its first full year backed by RDSO approval from Indian Railways. The welding division is running at monthly volumes exceeding 115 tonnes, with management targeting Rs 25 crore in annual welding sales the following year. Aluminium flipping coils recovered in Q4 FY26 with 35% year-on-year volume growth, though the full year stayed subdued due to domestic overcapacity. FY26 revenue was Rs 192.25 crore with a net profit of Rs 4.61 crore, and the company is virtually debt-free at 0.05x debt-to-equity.

Operating scale
Cored wire volume growth (FY26)
14%FY26
Cored wire volume growth (Q4 FY26)
32% YoYQ4 FY26
Welding consumables revenue (first full year)
Rs 15.7 croreFY26
Welding division monthly volumes
exceeding 115 tonnes
Welding division target revenue
Rs 25 crorenext year
Aluminium flipping coil volume growth (Q4 FY26)
35% YoYQ4 FY26
Who pays it
Industrial buyers including Indian Railways (RDSO-approved welding consumables) and steel sector customers
Biggest cost
Raw materials at 78.4% of revenue
Kind of business
Small-cap, virtually debt-free industrial products maker in specialised steel downstream goods
Where it sits
Bhilai-based manufacturer of cored wires, welding consumables and aluminium flipping coils
Market Cap
₹104 Cr
P / E (TTM)
21.1×
EV / EBITDA
10.5×
Div Yield
0.66%
Growth
-2.8%▼
Revenue 5y CAGR
PAT — · EBITDA —
Quality
16.8%▲
ROCE (5y median)
ROE 11.9% (5y median) · margin 5.2%
Leverage
0.05·
Debt / Equity · low
Net debt ₹6.53 Cr
Revenue FY21→FY26
0.9×▼
Revenue change
₹222 Cr → ₹192 Cr
Cash conversion
0.57×▼
Operating cash ÷ profit · 5 yrs
₹45 Cr on ₹80 Cr
Moves on a normal day
1.39%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#64/105
P/B#20/101
ROCE#75/115
ROE#74/103
Debt / Equity#31/101
EBITDA margin#74/100
Revenue growth#38/97
Profit growth#56/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Returns on capital 16.8% (5-year median)
#75 of 115 in Iron & Steel Products on the latest reported figures · down from 23.1% in FY21
Debt at 0.05× equity
lower than 70% of its 101 Iron & Steel Products peers
Concerns
Revenue shrinking over 5 years (−3% a year)
Over 5 years it reported ₹80 Cr of profit and ₹45 Cr of operating cash — 0.57×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 180 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

SMLT · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from SARTHAK METALS LIMITED's filed financials and exchange disclosures

What does SARTHAK METALS LIMITED do?

SARTHAK METALS LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol SMLT.

Is SARTHAK METALS LIMITED profitable?

Yes. Over the trailing twelve months SARTHAK METALS LIMITED reported a net profit of ₹4.88 Cr on revenue of ₹201 Cr.

Does SARTHAK METALS LIMITED pay a dividend?

Yes. The dividend yield is 0.66% at the current price. It paid out 15% of its profit as dividend in FY26.

Is SARTHAK METALS LIMITED debt-free?

No. It reported borrowings of ₹6.60 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹6.53 Cr after cash. Debt stands at 0.05× equity. That is lower than 70% of its 101 Iron & Steel Products peers.

Is SARTHAK METALS LIMITED expensive compared with its peers?

On trailing P/E, SARTHAK METALS LIMITED ranks 64 of 105 in Iron & Steel Products — cheaper than 39% of them, against an industry median of 17.0×. This is a position, not a valuation judgement.

How much does the SARTHAK METALS LIMITED share price move in a day?

On a typical session SARTHAK METALS LIMITED moves 1.39% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SARTHAK METALS LIMITED's announcements?

Every NSE and BSE filing by SARTHAK METALS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.