Sarthak Metals Ltd
Sarthak Metals Ltd (earlier known as Sarthak Metals Marketing Private Limited) was incorporated in 1995 and is a part of the DB group. The co. is engaged in the manufacturing of Cored wires, Aluminum wire rods and Wire feeder machines which have wide application in various steel-making processes like Steel plants, Fabrication units and foundries. [1][2][3]
- Market Cap ₹ 272 Cr.
- Current Price ₹ 199
- High / Low ₹ 449 / 185
- Stock P/E 19.7
- Book Value ₹ 84.8
- Dividend Yield 1.00 %
- ROCE 17.9 %
- ROE 12.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 19.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.9%
Cons
- The company has delivered a poor sales growth of 10.0% over past five years.
* 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: Steel Industry: Steel - Medium / Small
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
113 | 147 | 151 | 128 | 152 | 171 | 189 | 214 | 222 | 457 | 408 | 305 | |
106 | 139 | 144 | 119 | 143 | 161 | 177 | 203 | 206 | 419 | 368 | 285 | |
Operating Profit | 6 | 8 | 7 | 9 | 9 | 10 | 12 | 11 | 16 | 38 | 40 | 20 |
OPM % | 6% | 5% | 5% | 7% | 6% | 6% | 6% | 5% | 7% | 8% | 10% | 6% |
1 | 0 | 1 | 1 | 2 | 2 | 2 | 1 | 0 | 4 | 3 | 2 | |
Interest | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 3 | 4 | 1 | 1 |
Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
Profit before tax | 3 | 4 | 4 | 5 | 6 | 7 | 8 | 6 | 11 | 36 | 40 | 19 |
Tax % | 30% | 33% | 32% | 34% | 34% | 32% | 28% | 28% | 26% | 23% | 26% | 27% |
2 | 3 | 3 | 4 | 4 | 5 | 6 | 5 | 8 | 27 | 30 | 14 | |
EPS in Rs | 2.97 | 2.15 | 2.37 | 2.95 | 2.89 | 3.48 | 4.21 | 3.37 | 5.84 | 20.07 | 21.74 | 10.10 |
Dividend Payout % | 0% | 0% | 0% | 0% | 17% | 0% | 12% | 15% | 17% | 10% | 9% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 10% |
3 Years: | 11% |
TTM: | -25% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 19% |
3 Years: | 20% |
TTM: | -54% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 53% |
3 Years: | 50% |
1 Year: | -18% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 23% |
3 Years: | 26% |
Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 12 | 12 | 12 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
Reserves | 7 | 6 | 8 | 12 | 19 | 23 | 29 | 32 | 39 | 64 | 91 | 102 |
20 | 20 | 24 | 24 | 27 | 26 | 36 | 23 | 32 | 22 | 0 | 0 | |
1 | 3 | 3 | 1 | 3 | 3 | 5 | 7 | 6 | 16 | 5 | 4 | |
Total Liabilities | 37 | 40 | 47 | 49 | 63 | 65 | 84 | 76 | 91 | 116 | 110 | 120 |
5 | 6 | 6 | 7 | 7 | 9 | 14 | 15 | 14 | 11 | 11 | 15 | |
CWIP | 0 | 0 | 2 | 1 | 2 | 1 | 0 | 0 | 0 | 0 | 2 | 0 |
Investments | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
31 | 34 | 39 | 40 | 53 | 55 | 69 | 61 | 77 | 104 | 97 | 105 | |
Total Assets | 37 | 40 | 47 | 49 | 63 | 65 | 84 | 76 | 91 | 116 | 110 | 120 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-3 | 6 | 2 | 5 | 4 | 0 | 1 | 17 | -1 | 16 | 35 | 27 | |
-0 | -2 | -3 | -1 | -2 | 0 | -6 | -3 | -1 | 3 | -2 | -3 | |
2 | -4 | 2 | -3 | 6 | 0 | 7 | -17 | 4 | -15 | -26 | -3 | |
Net Cash Flow | -1 | 0 | -0 | 0 | 7 | 0 | 2 | -2 | 2 | 4 | 7 | 20 |
Ratios
Figures in Rs. Crores
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 | 69 | 50 | 60 | 71 | 71 | 62 | 45 | 48 | 63 | 45 | 47 | 48 |
Inventory Days | 24 | 29 | 29 | 36 | 29 | 39 | 60 | 45 | 60 | 27 | 16 | 28 |
Days Payable | 2 | 4 | 4 | 0 | 1 | 2 | 8 | 8 | 1 | 10 | 1 | 0 |
Cash Conversion Cycle | 92 | 75 | 85 | 106 | 100 | 99 | 97 | 85 | 122 | 63 | 63 | 76 |
Working Capital Days | 91 | 72 | 84 | 106 | 97 | 107 | 115 | 87 | 109 | 64 | 68 | 79 |
ROCE % | 18% | 19% | 17% | 19% | 18% | 17% | 17% | 14% | 18% | 40% | 41% |
Documents
Announcements
- Board Meeting Intimation for Approval Of Directors Report Along With Its Annexures And Fixing Of Day, Date, Time And Venue Of Annual General Meeting And Approval Of Notice Of Annual General Meeting And Other Matters On Agenda. 6h
- Closure of Trading Window 26 Jun
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
3 Jun - Earnings Call Transcript of the Earnings Call held on 31st May, 2024.
- Audio Recording Link Of Earnings Call For Q4 FY 2023-24 1 Jun
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Announcement under Regulation 30 (LODR)-Investor Presentation
27 May - Investor Presentation for the Quarter Ended 31st March, 2024
Annual reports
Concalls
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
Product Portfolio[1]
Cored Wires: Cored Wires are a product of wire injection technology of steel. They consist of steel tubes (wires) filled with various alloys that are injected in molten metal for introducing different characteristics in the metal.
Aluminum Wire flipping coils: Aluminium flipping coils are used in the steel manufacturing process for de-oxidising of molten steel and as an alloying element for manufacturing specialized steel.
Wire Feeder Machines: The Company offers a wide range of customized machines that are designed to inject cored wires into molten steel for metallurgical process control.
Flux Cored Wires: Introduced in FY23, these are used for industrial welding applications in infrastructure projects.[2]