Sarthak Industries Ltd

Sarthak Industri Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sarthak Industries Ltd

₹ 29.7 10.00%
14 Jan 4:01 p.m.
sarthakindustries.com BSE: 531930
About

Incorporated in 1982, Sarthak Industries Ltd is engaged in manufacturing and repairing of LPG Cylinders and merchant trading of agri-commodities, mining and mineral based industry on opportunity basis.

Key Points

Product & Services:[1]
a) Industrial and household liquefied petroleum gas (LPG) cylinders of different weights
b) Trading of agro-commodities like vanaspati ghee, wheat, chana, Masoor, etc.

Website BSE
  • Market Cap ₹ 27.6 Cr.
  • Current Price ₹ 29.7
  • High / Low ₹ 38.0 / 22.0
  • Stock P/E 12.3
  • Book Value ₹ 44.8
  • Dividend Yield 0.00 %
  • ROCE 3.77 %
  • ROE 1.72 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.66 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 61.1 to 34.1 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -22.9% over past five years.
  • Promoter holding is low: 36.3%
  • Company has a low return on equity of 2.66% over last 3 years.
  • Contingent liabilities of Rs.33.6 Cr.
  • Earnings include an other income of Rs.2.46 Cr.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 148 days to 291 days

* 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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
45.16 32.81 13.44 11.50 13.35 19.99 7.80 8.73 7.62 6.28 7.62 32.16 61.49
44.74 32.92 13.71 11.82 13.69 19.73 8.33 8.94 7.84 6.75 7.88 31.17 60.14
Operating Profit 0.42 -0.11 -0.27 -0.32 -0.34 0.26 -0.53 -0.21 -0.22 -0.47 -0.26 0.99 1.35
OPM % 0.93% -0.34% -2.01% -2.78% -2.55% 1.30% -6.79% -2.41% -2.89% -7.48% -3.41% 3.08% 2.20%
0.44 1.15 0.77 0.72 0.83 1.04 0.87 0.87 0.85 0.91 0.82 0.49 0.24
Interest 0.23 0.55 0.27 0.19 0.18 0.30 0.18 0.18 0.11 0.22 0.13 0.18 0.22
Depreciation 0.23 0.23 0.17 0.18 0.18 0.18 0.12 0.12 0.12 0.12 0.09 0.09 0.09
Profit before tax 0.40 0.26 0.06 0.03 0.13 0.82 0.04 0.36 0.40 0.10 0.34 1.21 1.28
Tax % 15.00% 26.92% 16.67% 66.67% 23.08% 25.61% 25.00% 22.22% 25.00% 20.00% 26.47% 27.27% 18.75%
0.34 0.20 0.04 0.02 0.09 0.61 0.02 0.28 0.30 0.08 0.25 0.88 1.04
EPS in Rs 0.37 0.22 0.04 0.02 0.10 0.66 0.02 0.30 0.32 0.09 0.27 0.95 1.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
110 117 96 98 161 120 112 96 134 164 58 30 108
109 123 98 97 162 120 109 95 131 162 59 32 106
Operating Profit 1 -6 -2 1 -1 1 3 1 3 2 -1 -1 2
OPM % 1% -5% -2% 1% -1% 1% 2% 1% 2% 1% -1% -5% 2%
1 -4 4 2 5 4 1 5 2 2 3 4 2
Interest 1 1 1 2 2 2 2 1 1 1 1 1 1
Depreciation 1 1 1 0 1 1 1 0 1 1 1 0 0
Profit before tax 1 -11 0 1 2 2 1 4 3 2 1 1 3
Tax % 32% 12% 36% 23% 17% 18% 61% 32% 29% 27% 27% 24%
1 -13 0 1 1 2 0 3 2 2 1 1 2
EPS in Rs 0.70 -13.66 0.29 0.88 1.52 1.89 0.48 2.91 2.25 1.81 0.82 0.73 2.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -13%
5 Years: -23%
3 Years: -39%
TTM: 144%
Compounded Profit Growth
10 Years: 8%
5 Years: 3%
3 Years: -31%
TTM: 86%
Stock Price CAGR
10 Years: 20%
5 Years: 35%
3 Years: -28%
1 Year: -4%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 3%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 7 7 7 7 7 7 7 7 7 7 9 9 9
Reserves 36 23 23 24 23 25 26 28 31 33 30 31 32
3 9 8 9 7 16 3 0 1 4 3 2 1
49 49 55 55 44 27 45 26 32 36 27 13 27
Total Liabilities 95 88 93 95 81 75 80 61 70 79 69 55 69
41 24 23 25 29 15 9 3 4 5 4 4 4
CWIP 0 0 2 1 2 2 5 2 1 1 1 1 1
Investments 3 0 0 0 3 3 3 2 3 3 2 6 8
52 64 69 68 47 55 63 54 62 69 61 44 56
Total Assets 95 88 93 95 81 75 80 61 70 79 69 55 69

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-21 -1 5 2 -1 11 -23 8 2 -8 -2
15 3 -2 -1 1 1 28 -9 -4 9 5
5 -2 -2 -3 2 -14 -4 -1 2 -2 -2
Net Cash Flow -1 -0 1 -1 3 -2 1 -2 1 -1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 104 44 116 63 20 44 68 78 38 37 112 34
Inventory Days 11 69 26 63 10 10 29 28 28 17 30 58
Days Payable 167 155 207 215 86 55 87 57 54 58 114 47
Cash Conversion Cycle -51 -43 -66 -88 -56 -1 10 50 11 -5 28 45
Working Capital Days -15 31 27 9 -6 18 26 75 38 29 124 291
ROCE % 3% -13% -1% 7% 4% 9% 8% 5% 11% 9% 5% 4%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
36.27% 36.27% 36.27% 36.27% 36.27% 36.27% 36.27% 36.27% 36.27% 36.27% 36.27% 36.27%
63.73% 63.73% 63.73% 63.73% 63.73% 63.73% 63.72% 63.73% 63.73% 63.73% 63.73% 63.74%
No. of Shareholders 9519449248902,8272,7592,7282,8342,8732,9802,9053,029

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