AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Cessation 9 Sep - Sarthak Metals CFO Narendra Dewangan passed away on 9 September 2026.
Source: Bse
Sarthak Metals Limited (SMLT)
Small CapMetals stocks · Small cap · NSE
Sarthak Metals Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:15 pm ISTDetails
Quote21 Oct, 03:15 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:23 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
59NeutralSMA20 +7.5% / mo · MACD +
Stock trend: 69
Sector RS: 44
Sector 3M: -5.7% vs Nifty 500 -5.8%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SMLTD candles · FIT view+5.8%TODAY · PROVISIONALLatest price ₹76.00 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-6.1%
RSI
61
MACD hist
0.49
52W pos
30%
2026-10-21O ₹80.95H ₹80.95L ₹75.00C ₹76.00Vol 17,013 shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SMLTNifty MetalNifty 500
- SMLT
- +16.9%
- Nifty 500
- -5.6%
- Nifty Metal
- -3.8%
- Vs Nifty 500
- +22.5 pp
Chart stats
19 Oct 2026- From 52W high
- -35.7%
- 52W range position
- 33%
- ATR (14)
- 5.8%
- Volume vs 20D
- 0.64x
- Avg traded value
- ₹0.4 Cr
- 20D price channel
- ₹57.8 - ₹88.8
₹121
₹56.6 - ₹121
₹4.5
Latest completed session
20-session average
76.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED17
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good57
Revenue +19.4% · PAT +25.5% YoY
Technical
Neutral59
Price trend and sector-relative-strength timing.
Valuation
Legacy model-455.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence69
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 57/100Rev +19% YoY · PAT +25% YoY · operating leverage · margin compression
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹55.2 Cr | +19.4% | -10.9% |
| EBITDA | ₹1.6 Cr | -11.4% | -37.8% |
| Operating margin | 2.8% | -98 bps | -122 bps |
| PAT | ₹1.3 Cr | +25.5% | -10.7% |
| PAT margin | 2.4% | +12 bps | +1 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 21.90
- P/B
- 0.86
- EV/EBITDA
- 9.73
- Market Cap
- 107.00Cr
Profitability
- ROE
- 3.77%
- ROCE
- 5.76%
- ROA
- 3.65%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -3.00%
- EPS 5Y
- -10.00%
- Revenue 3Y
- -22.00%
- EPS 3Y
- -47.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- 8.00×
- Altman Z
- 8.47
- Book Value
- 91.70
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 6/5
- OCF
- -33.00 Cr
- EPS TTM
- 3.57
Shareholding
- Promoter Hold
- 68.81%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 34%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 192+7.9% vs prev
Net Profit
₹ CrLatest: 5.0+25.0% vs prev
Return on Equity
%Latest: 4.0+20.8% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 61. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~8.8% over last month) — short-term momentum positive.
- RSI(14) at 61 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 37% off 52W high · 34% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
55
RS percentile
Stage 3 Topping
1M return
+26.7%
3M return
+16.9%
6M return
+6.9%
1Y return
-21.5%
RS 1D
+7
RS 20D
+42
Sector rank
#4
Industry rank
#14
Stage evidence
- 30.2% below the 52-week closing high after prior strength.
- The 30-week proxy has stalled (+0.0% over 20 sessions).
- Price has not yet confirmed a full Stage 4 downtrend.
50-DMA
price above
200-DMA
price above
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 76.57+4.70%
RS vs Nifty 50077
Valuation & peers
U-Score 17 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 17 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation8/30
Growth0/25
Quality0/20
Balance Sheet13/15
Cash Flow3/10
Piotroski
3/9 (+1)
Penalties
-8
Raw sum
17
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
17/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 13/15 to the score.
- Cash flow contributes 3/10 to the score.
- Valuation contributes 8/30 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Fair-value margin of safety is negative at -455.9%.
- Growth is weaker at 0/25; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
21.9
PB
0.9
EV/EBITDA
9.7
ROE
3.8%
ROCE
5.8%
FCF Yield
—
Debt/Equity
0.0
MoS
-455.9%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
17
Previous: 17
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-455.9%
Previous: -469.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
17
17
17
17
17
17
18
17
17
17
17
17
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹85.82
+11.4% MoS
Growth-justified P/E
3.8
Growth-justified Value
₹13.67
-455.9% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SHYAMCENT
Small
Shyam Century Ferrous Limited
Mining
match 97
32
7.4
1.1%
-310%
WATCHLIST
RAJMET
Small
Rajnandini Metal Limited
Mining
match 95
10
40.7
-0.2%
-1610%
OVERVALUED
ZENITHSTL
Small
Zenith Steel Pipes & Industries Limited
Mining
match 95
15
26.4
—
-103%
OVERVALUED
MCL
Small
Madhav Copper Limited
Mining
match 95
19
31.3
9.4%
-289%
OVERVALUED
PRAKASHSTL
Small
Prakash Steelage Limited
Mining
match 93
20
99.1
9.1%
-4075%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Sarthak Metals Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
69Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 59th percentile of the scored universe and 48th percentile within Metals. Main check: financial discipline is weak at 30/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
57 docs text-extracted · 15 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
59th percentile
overall median 67 · Metals: 48th pctile, median 70 · Small: 63rd pctile, median 66
Evidence depth
Financial-only
57 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
30
weak · capital discipline
Results
90
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 68.8%.
- ▸Promoter pledge is zero.
- ▸6 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸Operating cash flow is negative at ₹-33 Cr.
- ▸ROCE is low at 5.8%.
- ▸ROE is low at 3.8%.
- ▸ROCE trend is -4.2%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Sarthak Metals Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Annual reportAug 2026
Aug 2026 · Integrated Annual Report 2025-26 And Notice Of 31St Annual General Meeting To Be Held On 18Th August, 2026 18 Jul - 31st AGM on 18 Aug 2026; Integrated Annual Report 2025-26 submitted.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - Pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015, please find attached herewith the Newspaper Publication.
Source: Bse
Annual report
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Jul - Please find attached herewith the Newspaper publication of Notice of 31st AGM, Annual Report and e-voting.
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 18 Jul
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 23 May - Please find attached herewith the newspaper publication.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.