SMLT · Sarthak Metals Ltd · Misc. Fabricated Products
SMLT · Sarthak Metals Ltd · Misc. Fabricated Products
As of 05 Nov close
52-week range
40.8% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹55 Cr
Revenue YoY
PAT YoY
+25.5%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
0.7
P/S (TTM)
0.4
Sector P/E
17.3
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| SMLT (this stock) | 19.1 | 0.7 | +2.4% | +3.9% | 0.04 | 0.0% |
| Bharat Forge | 145.1 | 9.9 | +4.0% | +7.4% | 0.76 | +0.4% |
| Havells India | 44.5 | 8.6 | +6.9% | +17.3% | 0.03 | +0.9% |
| Schaeffler India | 52.3 | 10.2 | +11.9% | +20.4% | 0.01 | +0.9% |
Promoter
stable
FII
stable
MF
Not available from data source
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: The investor presentation for Sarthak Metals Limited (SMLT) for Q1 FY 2026-2027 detailed various operational and financial highlights. Management reported a 7% year-on-year increase in volume and a 5% quarter-on-quarter increase in realizations for cored wires, with revenues reaching ₹55.21 crore, reflecting a 19% year-on-year growth. The welding division saw a significant 94% year-on-year volume increase, achieving ₹5.1 crore in revenue. However, the aluminium flipping coils segment experienced a 23% year-on-year volume decrease, attributed to market challenges and supply constraints. Management emphasized the long-term growth potential in the steel sector, driven by infrastructure investments, while also noting the need for a disciplined approach in biotechnology investments due to market conditions. The presentation included insights into sustainability initiatives, highlighting the use of renewable energy and recycling practices.
The tone reflected both positive growth in certain segments and challenges in others.
Sourced from an exchange-filed presentation, dated 14 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation for Sarthak Metals Limited (SMLT) for Q4 FY 2025-2026 detailed the company's financial results, operational highlights, and business updates. Management reported a 32% year-on-year increase in volumes for the cored wire business, while the welding division achieved revenues of ₹15.7 crore in its first full year of operations. The presentation highlighted a 29% year-on-year increase in revenue from operations, reaching ₹61.99 crore. Management noted challenges in the aluminium flipping coil segment due to market conditions but indicated a recovery in Q4. The company emphasized its commitment to sustainability through initiatives in biotechnology and renewable energy. Management also discussed the importance of capital discipline and strengthening core businesses while exploring opportunities in the expanding ethanol ecosystem. Overall, the presentation provided a comprehensive overview of SMLT's performance and strategic direction.
The presentation provided a balanced view of achievements and challenges faced by the company.
Sourced from an exchange-filed presentation, dated 23 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation for Sarthak Metals Limited (SMLT) for Q3 FY 2025-2026 detailed the company's financial results, operational highlights, and business updates. Management reported an 8% year-on-year increase in revenue from operations to ₹47.73 crores, with a 1% increase in volumes for cored wires, while the aluminium flipping coil segment experienced a 37% decrease in volume year-on-year. EBITDA was reported at ₹2.10 crores, reflecting a 2% increase from the previous year. Sanjay Shah, Executive Director, commented on challenges in the steel sector, including international price disparities and unfair competition, while highlighting growth in the welding division and ongoing biotechnology initiatives aimed at enhancing ethanol production. The presentation also outlined the company's long-term vision to diversify beyond steel consumables into biotechnology. Sustainability initiatives were emphasized, including the use of renewable energy and recycling practices.
The presentation included both positive operational highlights and challenges faced in the market.
Sourced from an exchange-filed presentation, dated 11 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedSarthak Metals Limited (SMLT) reported a virtually debt-free balance sheet, with a debt-to-equity ratio of 0.05x in FY2025-26. The company manufactures cored wires and aluminium flipping coils and has expanded into welding consumables. Revenue from operations increased 8% to ₹192.25 crore, while profit after tax rose 12% to ₹4.61 crore. The company has pending disputes involving income tax, provident fund and GST, including a GST demand of ₹4.98 crore and an income tax demand of ₹4.68 crore. The auditors reported no borrowing defaults, no declaration as a wilful defaulter, and no fraud by the company or material fraud on the company noticed or reported during the year. The auditors also concluded that internal financial controls were adequate and operating effectively.
- Virtually debt-free balance sheet, with a debt-to-equity ratio of 0.05x.
- Revenue from operations increased 8% to ₹192.25 crore and profit after tax increased 12% to ₹4.61 crore.
- Pending disputes include income tax, provident fund and GST demands, with the largest individual demand being approximately ₹4.98 crore.
- No borrowing defaults were reported, and the company was not declared a wilful defaulter.
- Auditors reported no fraud by the company or material fraud on the company noticed or reported during FY2025-26.
- Auditors found internal financial controls adequate and operating effectively.
Key takeaway: Sarthak Metals Limited returned to revenue and profit growth in FY2025-26 and maintained a low debt-to-equity ratio. However, pending tax and provident fund disputes, together with negative operating cash flow, remain important risks to monitor.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
2 occurrencesRecent (last 12 months)
The company faced a regulatory action by the National Stock Exchange of India Limited (NSE) for delayed submission of the Annual Report for the year 2022-23. A fine of 1,91,160/- was imposed, but it was waived by NSE on 14th April, 2024.
Earlier (1-3 years ago)
The company was fined 191,160/- by NSE for delayed submission of Annual Report for the year 2022-23, as per SEBI circular no. SEBI/HO/CFD/CMD/CIR/P/2020/12.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
Sarthak Metals Limited has contingent liabilities related to employee benefits, including gratuity obligations as of 31 March 2026 and 2025, with actuarial study analysis and assumptions provided.
Earlier (1-3 years ago)
Sarthak Metals Limited has a contingent liability of Demand Raised By Income Tax Deptt. as of March 31, 2024.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
Sarthak Metals Limited advanced ₹14,00,00,000 to M/s Saviour Leasing Private Limited, an NBFC in which Mr. Samarth Bansal, son of the Company's Managing Director Anoop Kumar Bansal, is a member.
Earlier (1-3 years ago)
The company approved Material Related Party Transactions with M/s Bansal Brothers, subject to approvals from the Audit Committee and Board of Directors.
Management & Board Governance
1 occurrenceRecent (last 12 months)
The company experienced a delay in submitting the resignation of its Chief Financial Officer, which was dated 31st July, 2025 but submitted on 2nd August, 2025. The delay was due to waiting for a resignation letter that was not provided initially, leading to the submission of a printed copy of the email received on 2nd August, 2025.