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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Sarthak Metals Limited is focused on manufacturing and export of cored wires and aluminum flipping coils, essential consumables in the field of metallurgy. It operates in one segment: Cored Wires, which are steel tubes filled with a variety of alloys with controlled chemical…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, fairly priced.
SARTHAK METALS LIMITED is scored on the commodity / cyclical framework. It keeps a thin 2.4% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -7.06×) — worth a closer look. Free cash flow is worth about -36.1% of its market value.
Over the last 3 years revenue compounded at -22%/yr and profit at -46%/yr. Book value has grown 6%/yr. Return on equity is a weak 3.9%. In the latest quarter profit fell 11% versus the prior quarter.
At 21× earnings, the stock sits at the 59th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~9%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 19.72 | 49.63 | better |
| P/B | 0.77 | 2.28 | better |
| EV/EBITDA | 9.79 | 4.41 | worse |
| ROE | 3.89 | 6.01 | worse |
| ROCE | 5.88 | 7.03 | worse |
| ROA | 3.59 | — | — |
| Quick Ratio | 5.68 | 2.11 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Negative CAGR — the top line has shrunk over this window. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (-22% vs -46%) — costs are rising faster than the top line.
Operating margin has compressed from 10% to 3% — costs or competition are eating into profitability. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 4% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 25pp.
-46% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 10% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (42% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 41% above earlier ones.
Profit fell 11% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 68.8% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.