Sarthak Industries Limited

BSE: 531930
Sarthak Industries Limited - agriculture in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L99999MH1982PLC136834 Incorporated 23 December 1982 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 531930 Public Limited Company agriculture
Data last updated
Market Cap
₹21.49 Cr
SARTHAKIND · BSE
Share Price
₹23.99
+3.72% today
Revenue
₹161 Cr
FY 2016-17
EBITDA
−₹0.92 Cr
Margin -0.6%
Net Profit
−₹0.75 Cr
FY 2016-17
ROE
-1.6%
ROCE 2.8%
Debt / Equity
0.23
Interest cover -121.2x
Authorised capital
₹20 Cr
Registered with MCA

About Sarthak Industries Limited

Data last updated:

Sarthak Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 23 December 1982 and has been in existence for over 44 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1982PLC136834. Its GSTIN is 23AABCA3214A2ZQ (Madhya Pradesh). The company holds 13 GST registrations, of which 4 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 531930.

The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹9.29 Cr. It was formerly known as Avanti Lpg (India) Limited and Malav Metals Private Limited. It is led by directors including Ajay Peshkar (Whole-Time Director) and Deepika Arora.

Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Room No. 4 Anna Bhuvan 3rd Floor 87C Devji Ratansi Marg Dana Bunder, Mumbai, Maharashtra, India – 400009.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹282.18 Cr, a growth of 38.1% compared to the previous year. For the same year it recorded a net profit of ₹79 Lakh (net margin 0.3%) and EBITDA of ₹2.76 Cr (EBITDA margin 1%). The net worth stands at ₹45.67 Cr (up 8.3% YoY). Total assets are valued at ₹60.18 Cr (up 26.3% YoY).

The company has about 22 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Sarthak Industries. As per MCA filings, the company has open charges of ₹46.6 Cr and satisfied charges of ₹71.35 Cr on record. Court records list 19 cases involving the company, including 11 filed by the company and 8 filed against it; 4 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sarthakindustries.com.

Company details

CIN L99999MH1982PLC136834
Registration Number 136834
Incorporation Date 23 December 1982
ROC Mumbai
Listing Status Listed - Listed on BSE (531930)
Company Status Active
Date of Last AGM 16 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Sarthak Industries has undergone 2 name changes throughout its history. The company was previously known as Avanti Lpg (India) Limited, and Malav Metals Private Limited. The current legal name is Sarthak Industries Limited.

Company NameStatus
Sarthak Industries LimitedCurrent
Avanti Lpg (India) LimitedPrevious
Malav Metals Private LimitedPrevious

CIN history

Sarthak Industries has one previous CIN (Corporate Identification Number): L99999MH2002PLC136834. The current CIN is L99999MH1982PLC136834, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L99999MH1982PLC136834Current
L99999MH2002PLC136834Previous
Key People
Ajay Peshkar Whole-Time Director Deepika Arora Director Nimishek Ved Director

Contact details

Sarthak Industries Limited's registered office is in Mumbai, Maharashtra. Its website is sarthakindustries.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    sarthakindustries.com
  • Social Media
  • Registered Address
    Room No. 4 Anna Bhuvan 3rd Floor 87C Devji Ratansi Marg Dana Bunder, Mumbai, Maharashtra, India – 400009
  • Industry
    Agriculture, Agro Retail & Distribution

To see the full contact details of Sarthak Industries Limited, buy the company report.

Comprehensive company report
Sarthak Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Sarthak Industries operates one associated brand: Sarthak Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Sarthak Industries
LPG cylinders are manufactured for oil, petroleum, and private companies.sarthakindustries.com

Financials of Sarthak Industries Limited

FY 2025-26 filings available

Sarthak Industries Limited reported revenue of ₹282.18 Cr (up 38.1% YoY) for FY 2025-26.

Financial Highlights

FY 2016-17 · Consolidated
Revenue
₹161 Cr
EBITDA
−₹0.92 Cr
Profit After Tax
−₹0.75 Cr
Net Worth
₹31.99 Cr
Total Assets
₹39.61 Cr
Total Debt
₹7.42 Cr

Financial summary ₹ Cr

MetricsFY 2016-17
Income statement
Revenue161
EBITDA(0.92)
EBITDA margin-0.6%
Profit before tax1.32
Net profit(0.75)
Net profit margin-0.5%
EPS (₹)1.31
Balance sheet
Total assets39.61
Net worth31.99
Total debt7.42
Cash & bank2.68
Net working capital2.37
Cash flow
Cash from operations2.15
Cash from investing(0.58)
Cash from financing(2.89)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue28220430.4358.2816413495.56
Revenue growth+38.1%+571.5%-47.8%-64.4%+22.6%+39.7%-
EBITDA2.763.54(1.46)(0.69)1.852.76(0.54)
EBITDA margin+1.0%+1.7%-4.8%-1.2%+1.1%+2.1%-0.6%
Profit before tax3.953.730.881.032.302.954.01
Net profit0.792.830.660.751.692.110.28
Net profit margin+0.3%+1.4%+2.2%+1.3%+1.0%+1.6%+0.3%
EPS (₹)3.753.040.730.822.413.003.89
Balance sheet
Total assets60.1847.6642.0241.9543.4038.4034.99
Net worth45.6742.1740.2138.8139.5037.6134.55
Total debt14.425.421.763.103.890.760.41
Cash & bank2.857.112.311.954.193.685.24
Net working capital45.0532.4926.5521.6917.2517.7525.04
Cash flow
Cash from operations(22.32)(14.85)(2.02)(7.69)2.488.04(23.27)
Cash from investing9.4716.455.098.90(3.83)(9.07)28.17
Cash from financing6.932.43(2.02)(1.72)1.90(0.57)(3.64)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue82.3297.1143.2382.9258.9310361.4932.16
Revenue growth (YoY)+39.7%-5.8%-29.7%+157.8%+673.4%---
Other income0.193.060.210.130.150.210.240.49
Total expenses81.1898.0942.3780.9757.9910260.1331.17
EBITDA1.14(0.98)0.861.950.941.451.360.99
EBITDA margin+1.4%-1.0%+2.0%+2.4%+1.6%+1.4%+2.2%+3.1%
Depreciation0.060.070.070.070.070.090.090.09
Interest0.570.670.420.590.400.680.220.18
Profit before tax0.701.340.581.420.620.891.291.21
Tax0.19(0.27)0.151.11(0.52)0.210.240.33

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
ParticularsFY 2016-17
Revenue161
Other income4.55
Total expenses162
Employee cost2.86
EBITDA(0.92)
EBITDA margin-0.6%
Depreciation0.54
Interest1.77
Profit before tax1.32
Tax0.22
Net profit(0.75)
Net profit margin-0.5%
EPS (₹)1.31
ParticularsFY 2016-17
Equity & liabilities
Share capital6.97
Reserves & surplus25.02
Shareholders' funds (net worth)31.99
Minority interest0.00
Secured loans2.19
Unsecured loans5.23
Total debt7.42
Total liabilities39.61
Assets
Gross block35.20
Net block28.79
Capital work in progress1.61
Investments2.49
Inventories4.12
Sundry debtors9.38
Cash & bank balances2.68
Loans & advances27.67
Total current assets43.85
Total current liabilities41.48
Net working capital2.37
Total assets39.61
ParticularsFY 2016-17
Opening cash2.26
Net cash from operating activities2.15
Net cash from investing activities(0.58)
Net cash from financing activities(2.89)
Net change in cash(1.32)
Closing cash2.68
ParticularsFY 2016-17
Growth
PBT growth+9997.0%
Profitability & leverage
Net income margin+0.7%
Return on capital employed+2.8%
Return on net worth-1.6%
Debt / equity0.23
Long-term debt / equity0.23
Interest cover-121.23
Efficiency & per share
Fixed asset turnover4.69
Inventory turnover40.06
Debtors turnover17.60
EPS (₹)1.31
Dividend per share (₹)0.00
Book value per share (₹)45.90
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue82.3297.1143.2382.9258.9310361.4932.16
Revenue growth (YoY)+39.7%-5.8%-29.7%+157.8%+673.4%---
Other income0.193.060.210.130.150.210.240.49
Total expenses81.1898.0942.3780.9757.9910260.1331.17
EBITDA1.14(0.98)0.861.950.941.451.360.99
EBITDA margin+1.4%-1.0%+2.0%+2.4%+1.6%+1.4%+2.2%+3.1%
Depreciation0.060.070.070.070.070.090.090.09
Interest0.570.670.420.590.400.680.220.18
Profit before tax0.701.340.581.420.620.891.291.21
Tax0.19(0.27)0.151.11(0.52)0.210.240.33
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue28220430.4358.2816413495.56
Revenue growth+38.1%+571.5%-47.8%-64.4%+22.6%+39.7%-
Other income3.551.773.503.372.481.776.19
Total expenses27920131.8958.9716213196.10
Employee cost2.712.571.762.162.692.602.55
EBITDA2.763.54(1.46)(0.69)1.852.76(0.54)
EBITDA margin+1.0%+1.7%-4.8%-1.2%+1.1%+2.1%-0.6%
Depreciation0.280.360.480.710.800.660.45
Interest2.081.220.680.941.230.921.19
Profit before tax3.953.730.881.032.302.954.01
Tax0.470.900.220.280.610.841.30
Net profit0.792.830.660.751.692.110.28
Net profit margin+0.3%+1.4%+2.2%+1.3%+1.0%+1.6%+0.3%
EPS (₹)3.753.040.730.822.413.003.89
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital9.299.299.299.296.976.976.97
Reserves & surplus36.3832.8830.9229.5232.5330.6427.58
Shareholders' funds (net worth)45.6742.1740.2138.8139.5037.6134.55
Secured loans14.425.420.580.831.160.760.41
Unsecured loans0.000.001.182.272.730.000.00
Total debt14.425.421.763.103.890.760.41
Total liabilities60.1847.6642.0241.9543.4038.4034.99
Assets
Gross block7.297.237.227.217.345.434.74
Net block3.273.493.844.324.803.523.38
Capital work in progress1.491.491.491.491.491.491.73
Investments6.566.325.641.783.383.142.02
Inventories29.8420.504.364.286.919.366.68
Sundry debtors41.9212.772.8417.9116.5813.7620.49
Cash & bank balances2.857.112.311.954.193.685.24
Loans & advances16.6217.3729.9824.5425.2622.4819.03
Total current assets91.2357.7539.4948.6852.9449.2851.44
Total current liabilities46.1825.2612.9426.9935.6931.5326.40
Net working capital45.0532.4926.5521.6917.2517.7525.04
Total assets60.1847.6642.0241.9543.4038.4034.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash5.971.940.891.400.862.471.22
Net cash from operating activities(22.32)(14.85)(2.02)(7.69)2.488.04(23.27)
Net cash from investing activities9.4716.455.098.90(3.83)(9.07)28.17
Net cash from financing activities6.932.43(2.02)(1.72)1.90(0.57)(3.64)
Net change in cash(5.92)4.031.06(0.52)0.54(1.61)1.26
Closing cash2.857.112.311.954.193.685.24
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+38.1%+571.5%-47.8%-64.4%+22.6%+39.7%-
EBITDA growth-22.0%+342.5%-111.6%-137.3%-33.0%+611.1%-
PBT growth+5.9%+323.9%-14.6%-55.2%-22.0%-26.4%+234.2%
Net income growth-72.1%+328.8%-12.0%-55.6%-19.9%+653.6%-
Revenue CAGR (3Y)+69.2%+7.7%-38.9%-15.2%+13.5%+3.5%-16.0%
EBITDA CAGR (3Y)-+24.2%-+8.5%-3.5%+51.1%-16.6%
Profitability & leverage
Net income margin+1.2%+1.4%+2.2%+1.3%+1.0%+1.6%+2.8%
Return on capital employed+6.6%+11.0%+3.8%+4.6%+8.6%+10.5%+4.2%
Return on net worth+1.8%+6.9%+1.7%+1.9%+4.4%+5.8%+0.8%
Debt / equity0.230.090.060.090.060.020.05
Long-term debt / equity0.000.010.010.020.020.010.01
Interest cover83.8738.36-35.05-67.14117.1443.81-120.20
Efficiency & per share
Fixed asset turnover38.8728.284.228.0125.6326.2613.21
Inventory turnover11.2116.447.0410.4220.1216.6512.86
Debtors turnover10.3226.182.933.3810.797.804.63
EPS (₹)3.753.040.730.822.413.003.89
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)49.1545.3943.2841.7756.6753.9649.58

To see the full year-wise statements and ratios of Sarthak Industries Limited, buy the company report.

Board of directors of Sarthak Industries Limited

Sarthak Industries has 5 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Deepika AroraDirector16 Mar 201511 Years 7 MonthsCurrent
Nimishek VedDirector27 Nov 20178 Years 11 MonthsCurrent
Ankita Hasmukhdas Sethi
Also directs: Prismx Global Ventures Limited, Kashi Tollway Private Limited
Director01 Aug 20233 Years 2 MonthsCurrent
Ajay PeshkarWhole-Time Director19 May 20233 Years 5 MonthsCurrent
Shashikant Padgil
Also directs: Nirvana Housing Private Limited, Brightstar Infrastructure Private Limited, Nuera Housing Private Limited and 5 more
Director01 Aug 20233 Years 2 MonthsCurrent
View all directors

Auditor

Sarthak Industries Limited is audited by SMAK & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
SMAK & CO.FY 2023020120C

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 35.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 64.20%.

Promoters: 35.80%Retail & Others: 64.20%
Mar 2026
QUARTER
35.80% Promoters
64.20% Retail & Others
Promoter holding - history
Now 35.80% · Mar 2026High 36.30% · Jun 2025Low 35.80% · Mar 2026
34%35%36%37%38%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 36.30%Sep 2025: 36.20%Dec 2025: 36.20%Mar 2026: 35.80%36.30%35.80%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters35.80%36.20%36.20%36.30%
Public64.20%63.80%63.80%63.70%

Charges & borrowings

Open charges
₹46.6 Cr
Satisfied charges
₹71.35 Cr
Breakdown by lending institutions
Others₹27.60 Cr
Uco Bank₹19.00 Cr
State Bank of India₹0.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
05 Jun 2026101319811Others₹1.98 CrOpen
26 Mar 2025101077996Uco Bank₹19 CrOpen
17 Jun 2024100940997State Bank of India₹20,000Open
26 Aug 2021100501502Others₹62 LakhOpen
05 Mar 201210343372Others₹25 CrOpen

To see the full charge records of Sarthak Industries Limited, buy the company report.

Total charge records: 18 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Sarthak Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Sarthak Industries Limited has a workforce of 22 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
22
Active EPFO establishments
1
Employee growth
-18.52%

GST

Sarthak Industries has 13 GST registrations: 4 active and 9 cancelled or inactive.

Total GSTINs
13
Active
4
Cancelled / inactive
9
GSTINStateStatusRegistered on
23AABCA3214A2ZQMadhya PradeshActive01 Jul 2017
23AABCA3214A3ZPMadhya PradeshActive01 Jul 2017
19AABCA3214A1ZGWest BengalActive24 Feb 2018
22AABCA3214A1ZTChhattisgarhActive21 Mar 2023

To see the full GST registrations and return filing status of Sarthak Industries Limited, buy the company report.

Recent activity

Sarthak Industries Limited has 23 board changes on record since 1995: 14 appointments and 9 cessations. The latest: Udesh Dassani ceased to be Director on 31 Mar 2024.

Charges
A charge with Others amounted to Rs. 1.98 Cr with Charge ID 101319811 was registered on 05 Jun 2026.
Filing
Sarthak Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Sarthak Industries Limited last Annual general meeting of members was held on 16 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 25.00 Cr registered on 05 Mar 2012 with Charge ID 10343372 was modified on 09 Sep 2025.
Charges
A charge registered on 22 Oct 2021 via Charge ID 100496239 with Hdfc Bank Limited was fully satisfied on 18 Jul 2025.
Charges
A charge registered on 05 Feb 2018 via Charge ID 100191646 with Hdfc Bank Limited was fully satisfied on 27 May 2025.
Charges
A charge with Uco Bank of Rs. 19.00 Cr registered on 26 Mar 2025 with Charge ID 101077996 was modified on 03 May 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 5.00 Cr registered on 05 Feb 2018 with Charge ID 100191646 was modified on 23 Apr 2025.
Charges
A charge with Uco Bank amounted to Rs. 19.00 Cr with Charge ID 101077996 was registered on 26 Mar 2025.
Charges
A charge registered on 10 Feb 2020 via Charge ID 100390851 with Hdfc Bank Limited was fully satisfied on 07 Feb 2025.
Charges
A charge with State Bank Of India amounted to Rs. 0.00 Cr with Charge ID 100940997 was registered on 17 Jun 2024.
Ceased
Udesh Dassani ceased to be Director.

54 earlier events are in the company report.

News

Frequently asked questions

Sarthak Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 23 December 1982 (44+ years old) and is registered under CIN L99999MH1982PLC136834. Listed on BSE: 531930.

Sarthak Industries reported revenue of ₹282.18 Cr for FY 2025-26 (up 38.1% YoY) based on standalone financials.

Sarthak Industries has 5 current directors:

The latest financial statements of Sarthak Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Sarthak Industries is 23AABCA3214A2ZQ, registered in Madhya Pradesh. The company has 13 GST registrations in all, of which 4 are active and 9 are cancelled or inactive. Other active GSTINs include 23AABCA3214A3ZP (Madhya Pradesh), 19AABCA3214A1ZG (West Bengal), 22AABCA3214A1ZT (Chhattisgarh).

The CIN (Corporate Identification Number) of Sarthak Industries is L99999MH1982PLC136834. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Sarthak Industries is a listed company as per MCA records. Its shares are listed on BSE (code: 531930).

Sarthak Industries has 19 court cases on record: 11 filed by the company and 8 filed against it. 4 are pending. Most are in the high courts.

Sarthak Industries was incorporated on 23 December 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.

Udesh Dassani ceased to be Director on 31 Mar 2024. Vijay Kumar Rathi ceased to be Director on 13 Oct 2023. Ankita Hasmukhdas Sethi was appointed as Director on 01 Aug 2023. Sarthak Industries has 23 board changes on record in total.