Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.73 | 7.62 | 6.28 | 7.62 | 32.16 | 61.49 | 103.07 | 58.93 | 82.92 | 43.23 | 97.11 | 82.32 |
| Expenses | 8.94 | 7.84 | 6.75 | 7.88 | 31.17 | 60.14 | 101.61 | 57.99 | 80.97 | 42.37 | 98.10 | 81.19 |
| Operating Profit | -0.21 | -0.22 | -0.47 | -0.26 | 0.99 | 1.35 | 1.46 | 0.94 | 1.95 | 0.86 | -0.99 | 1.13 |
| OPM % | -2.41% | -2.89% | -7.48% | -3.41% | 3.08% | 2.20% | 1.42% | 1.60% | 2.35% | 1.99% | -1.02% | 1.37% |
| Other Income | 0.87 | 0.85 | 0.91 | 0.82 | 0.49 | 0.24 | 0.21 | 0.15 | 0.13 | 0.21 | 3.06 | 0.19 |
| Interest | 0.18 | 0.11 | 0.22 | 0.13 | 0.18 | 0.22 | 0.68 | 0.40 | 0.59 | 0.42 | 0.67 | 0.57 |
| Depreciation | 0.12 | 0.12 | 0.12 | 0.09 | 0.09 | 0.09 | 0.09 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 |
| Profit before tax | 0.36 | 0.40 | 0.10 | 0.34 | 1.21 | 1.28 | 0.90 | 0.62 | 1.42 | 0.58 | 1.33 | 0.69 |
| Tax % | 22.22% | 25.00% | 30.00% | 26.47% | 27.27% | 18.75% | 23.33% | -83.87% | 78.17% | 25.86% | -20.30% | 27.54% |
| Net Profit | 0.28 | 0.30 | 0.08 | 0.25 | 0.88 | 1.04 | 0.69 | 1.14 | 0.32 | 0.43 | 1.60 | 0.51 |
| EPS in Rs | 0.30 | 0.32 | 0.09 | 0.27 | 0.95 | 1.12 | 0.74 | 1.23 | 0.34 | 0.46 | 1.72 | 0.55 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 98 | 161 | 120 | 112 | 96 | 134 | 164 | 58 | 30 | 204 | 282 | 306 |
| Expenses | 97 | 162 | 120 | 109 | 95 | 131 | 162 | 59 | 32 | 201 | 279 | 303 |
| Operating Profit | 1 | -1 | 1 | 3 | 1 | 3 | 2 | -1 | -1 | 4 | 3 | 3 |
| OPM % | 0.8% | -0.6% | 0.7% | 2.3% | 0.6% | 2.1% | 1.1% | -1.2% | -4.7% | 1.7% | 1.0% | 1.0% |
| Other Income | 2 | 5 | 4 | 1 | 5 | 2 | 2 | 3 | 4 | 2 | 4 | 4 |
| Interest | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 2 | 2 | 1 | 4 | 3 | 2 | 1 | 1 | 4 | 4 | 4 |
| Tax % | 23% | 17% | 18% | 61% | 32% | 29% | 27% | 27% | 24% | 24% | 12% | |
| Net Profit | 1 | 1 | 2 | 0 | 3 | 2 | 2 | 1 | 1 | 3 | 3 | 3 |
| EPS in Rs | 0.88 | 1.52 | 1.89 | 0.48 | 2.91 | 2.25 | 1.81 | 0.82 | 0.73 | 3.05 | 3.75 | 3.07 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 11% | 16% | 69% | 20% | ||
| Compounded Profit Growth | 0% | -18% | 1% | -24% | ||
| Stock Price CAGR | % | -20% | -1% | -32% | ||
| Return on Equity | 3% | 3% | 3% | 2% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 |
| Reserves | 23 | 24 | 23 | 25 | 26 | 28 | 31 | 33 | 30 | 31 | 33 | 36 |
| Borrowings | 8 | 9 | 7 | 16 | 3 | 0 | 1 | 4 | 3 | 2 | 5 | 14 |
| Other Liabilities | 55 | 55 | 44 | 27 | 45 | 26 | 32 | 36 | 27 | 13 | 25 | 46 |
| Total Liabilities | 93 | 95 | 81 | 75 | 80 | 61 | 70 | 79 | 69 | 55 | 73 | 106 |
| Fixed Assets | 23 | 25 | 29 | 15 | 9 | 3 | 4 | 5 | 4 | 4 | 4 | 3 |
| CWIP | 2 | 1 | 2 | 2 | 5 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Investments | 0 | 0 | 3 | 3 | 3 | 2 | 3 | 3 | 2 | 6 | 6 | 7 |
| Other Assets | 69 | 68 | 47 | 55 | 63 | 54 | 62 | 69 | 61 | 44 | 62 | 95 |
| Total Assets | 93 | 95 | 81 | 75 | 80 | 61 | 70 | 79 | 69 | 55 | 73 | 106 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -1 | 5 | 2 | -1 | 11 | -23 | 8 | 2 | -8 | -2 | -15 | -22 |
| Cash from Investing Activity | 3 | -2 | -1 | 1 | 1 | 28 | -9 | -4 | 9 | 5 | 16 | 9 |
| Cash from Financing Activity | -2 | -2 | -3 | 2 | -14 | -4 | -1 | 2 | -2 | -2 | 2 | 7 |
| Net Cash Flow | -0 | 1 | -1 | 3 | -2 | 1 | -2 | 1 | -1 | 1 | 4 | -6 |
| Free Cash Flow | 0 | 1 | 1 | -2 | 12 | 4 | -3 | -3 | -8 | -2 | -15 | -20 |
| CFO/OP | 50% | 768% | -288% | -76% | 444% | -3,948% | 322% | 194% | 1,022% | 115% | -410% | -823% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 116 | 63 | 20 | 44 | 68 | 78 | 38 | 37 | 112 | 34 | 23 | 54 |
| Inventory Days | 26 | 63 | 10 | 10 | 29 | 28 | 28 | 17 | 30 | 58 | 39 | 41 |
| Days Payable | 207 | 215 | 86 | 55 | 87 | 57 | 54 | 58 | 114 | 47 | 28 | 51 |
| Cash Conversion Cycle | -66 | -88 | -56 | -1 | 10 | 50 | 11 | -5 | 28 | 45 | 33 | 44 |
| Working Capital Days | -2 | -22 | -6 | 6 | 17 | 75 | 38 | 22 | 108 | 275 | 36 | 36 |
| ROCE % | -1% | 7% | 4% | 9% | 8% | 5% | 11% | 9% | 5% | 4% | 11% | 7% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 36.27% | 36.27% | 36.27% | 36.27% | 36.27% | 36.27% | 36.27% | 36.27% | 36.21% | 36.21% | 35.81% | 35.81% |
| Public | 63.73% | 63.73% | 63.73% | 63.73% | 63.74% | 63.73% | 63.73% | 63.73% | 63.78% | 63.79% | 64.19% | 64.19% |
| No. of Shareholders | 2,834 | 2,873 | 2,980 | 2,905 | 3,029 | 3,012 | 3,110 | 3,045 | 3,101 | 3,022 | 3,017 | 2,959 |
Fundamentals
Market Cap₹ 23.2 Cr.
Current Price₹ 25.0
Stock P/E8.12
Book Value₹ 49.2
ROCE6.67 %
ROE1.80 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)-24%
Standalone figures.
Valuation
Market capRs 23 Cr
Enterprise valueRs 35 Cr
P/E (TTM)8.12x
Price to book0.51x
Price to sales0.08x
EV / EBITDA5.32x
EV / EBIT5.55x
EV / sales0.11x
Earnings yield12.31%
P/E, 3-year average15.31x
P/B, 3-year average0.54x
P/E, 5-year average22.37x
P/B, 5-year average0.70x
Profitability
Operating margin (excl. other income)0.98%
Operating margin (incl. other income)2.24%
EBITDA margin2.14%
Pre-tax margin1.32%
Net profit margin0.94%
Net margin, latest quarter0.62%
ROE7.92%
ROCE11.20%
ROA3.88%
ROE, 3-year average5.51%
ROCE, 3-year average8.67%
ROA, 3-year average3.14%
ROE, 5-year average4.56%
ROCE, 5-year average7.85%
ROA, 5-year average2.54%
ROIC (approx.)9.65%
Tax rate11.90%
Other income / net worth7.77%
Growth
Sales growth (latest year)38.09%
Profit growth (latest year)22.97%
Sales CAGR, 3 years69.17%
Sales CAGR, 5 years16.14%
Profit CAGR, 3 years66.06%
Profit CAGR, 5 years10.74%
Sales growth QoQ-15.23%
Profit growth QoQ-68.12%
Sales growth YoY (latest quarter)39.69%
Profit growth YoY (latest quarter)-55.26%
Per share
EPS (TTM)Rs 3.08
EPS (latest year)Rs 3.75
EPS (latest quarter)Rs 0.55
EPS, 3-year averageRs 2.51
EPS, 5-year averageRs 2.15
Book value per shareRs 49.15
Sales per shareRs 328.87
Cash flow per shareRs -24.02
Free cash flow per shareRs -21.52
Efficiency
Asset turnover2.65x
Fixed asset turnover86.29x
Inventory turnover8.94x
Inventory days41 days
Debtor days54 days
Debtors turnover6.73x
Creditor days51 days
Cash conversion cycle44 days
Working capital days36 days
Leverage
Total debtRs 14 Cr
Cash and bankRs 3 Cr
Net debtRs 12 Cr
Debt to equity0.32x
Net debt / EBITDA1.77x
Interest coverage2.79x
Owners' fund to total sources42.94%
Debt to assets13.56%
Cash flow
Cash from Operating Activity (latest year)Rs -22 Cr
Cash from Investing Activity (latest year)Rs 9 Cr
Cash from Financing Activity (latest year)Rs 7 Cr
Net Cash Flow (latest year)Rs -6 Cr
Free cash flow (latest year)Rs -20 Cr
FCFE (approx.: FCF + change in debt)Rs -11 Cr
Cash from ops / profit, 5 years-4.50x
Statement figures
Net sales (TTM)Rs 306 Cr
Net sales (latest year)Rs 282 Cr
Sales (latest quarter)Rs 82 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 7 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 267 Cr
Total expenditure (latest year)Rs 279 Cr
Total income (latest year)Rs 286 Cr
Share capitalRs 9 Cr
ReservesRs 36 Cr
Shareholders' fundsRs 46 Cr
Total assetsRs 106 Cr
Net blockRs 3 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 7 Cr
ReceivablesRs 42 Cr
InventoryRs 30 Cr
Other liabilitiesRs 46 Cr
Shares outstanding (crore)0.93
Ownership
Promoter holding35.81% (-0.46 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.1 is at the 20th percentile of its own 6.8-year range
(median 20.0, low 2.0, high 79.3).
P/B 0.51 is at the 21th percentile (median 0.65).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 531930 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.4% | -2.8% | -0.6 pts |
| 1 month | -0.3% | -6.8% | +6.5 pts |
| 3 months | -1.6% | -7.6% | +6.0 pts |
| 3 years | +2.5% | +14.2% | -11.7 pts |
| 5 years | -68.4% | +27.9% | -96.3 pts |
Red flags
F-score 2 of 8| explain | Weak cash conversion Cash from operations was -561% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 24% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 228% vs sales +38% in 2026 |
| look | Profit leans on other income Other income was 90% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹82 Cr +39.7% vs Jun 2025.
Net profit ₹1 Cr -55.3%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Sarthak Industries Ltd?
Sarthak Industries Ltd (531930) has a market capitalisation of Rs 23.2 Cr. at the 2026-10-01 close.
What is the P/E ratio of Sarthak Industries Ltd?
Sarthak Industries Ltd trades at a P/E of 8.12 on trailing twelve-month profit, at the 2026-10-01 close.
What were Sarthak Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Sarthak Industries Ltd sales was Rs 82 Cr (+39.7% vs Jun 2025) and net profit was Rs 1 Cr.