Sarthak Metals Ltd (SMLT) — shareholding pattern, promoter holding, financials and share price
About Sarthak Metals Ltd (SMLT)
Sarthak Metals Ltd operates in the Iron & Steel Products industry, within the Capital Goods sector. It trades on the NSE as SMLT and on the BSE under scrip code 540393. Its ISIN is INE017W01010.
Incorporated in 1995, Sarthak Metals Ltd manufactures and sells cored wires, ferro alloys, aluminium wire and related items [1]
Sarthak Metals Limited is a Bhilai-headquartered manufacturer of metallurgical consumables, primarily producing cored wires, aluminium flipping coils, wire feeder machines and flux-cored welding consumables, supplying major steel mills and fabrication units while also developing an enzyme-based biotechnology pilot at Nagpur as part of diversification.
Q3 FY26 delivered revenue of ₹47.73 crore (up 8% YoY, 31% QoQ) with EBITDA of ₹2.10 crore and EBITDA margin at 4.41%, while PAT improved to ₹1.30 crore; the quarter shows a strong sequential recovery driven by higher realizations and improved volumes in key product lines.
Listed peers in Iron & Steel Products: Hisar Metal Industries Ltd, Alliance Integrated Metaliks Ltd, Sharda Ispat Ltd, Zenith Steel Pipes & Industries Ltd, Garg Furnace Ltd, Prakash Steelage Ltd.
Valuation & Returns
10 Jul 2026At ₹67.6 a share on 10 Jul 2026, Sarthak Metals Ltd (SMLT) was valued at a price-to-earnings ratio of 20.07x against an industry P/E of 37x and a price-to-book of 0.77x on a book value of ₹87.81 per share as of Mar 2025. Solomo computes return on equity of 3.83% and return on capital employed of 5.85% from filed results. Earnings ratios use standalone results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 20.07x
- Industry P/E
- 37x
- P/B
- 0.77x
- EPS (TTM)
- ₹3.37
- Book value / share
- ₹87.81
- ROE
- 3.83%
- ROCE
- 5.85%
- ROA
- 3.7%
- Debt / equity
- 0x
- Dividend yield
- 0.74%
- EBITDA margin
- 5.18%
- 52-week range
- ₹56.65 – ₹126.95
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Sarthak Metals Ltd (SMLT) reported revenue of ₹192 crore, net profit of ₹5 crore and earnings per share of ₹3.37. That compares with revenue of ₹178 crore and net profit of ₹4 crore in Mar 2025. Figures are standalone, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹61.99 crore and net profit ₹1.49 crore (standalone).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 457 | 408 | 305 | 178 | 192 |
| Net profit (₹ cr) | 27 | 30 | 14 | 4 | 5 |
| EPS (₹) | 20.07 | 21.74 | 10.1 | 3.01 | 3.37 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 3.78% | -3.59% | -26.93% | -41.53% |
| Profit growth | 1.60% | -2.28% | -46.88% | -70.21% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 68.81% of Sarthak Metals Ltd (SMLT) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.14%. Market capitalisation was ₹93 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2017.
Largest disclosed public shareholders in Jun 2026: MAYUR BHATT 3.32%, HUF 1.38%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 68.81% | - | 0.14% | - | 31.19% |
| Mar 2026 | 68.81% | - | 0.14% | - | 31.19% |
| Dec 2025 | 68.81% | - | 0.14% | - | 31.19% |
| Sep 2025 | 68.81% | - | 0.14% | - | 31.19% |
| Jun 2025 | 68.85% | - | 0.15% | - | 31.15% |
| Mar 2025 | 68.85% | - | 0.15% | - | 31.15% |
| Dec 2024 | 68.85% | - | 0.16% | - | 31.15% |
| Sep 2024 | 69.04% | - | 0.19% | - | 30.96% |