Sarthak Metals Limited - chemicals and materials in Chhattisgarh, India. FY 2026 financials & compliance.
CIN L51102CT1995PLC009772 Incorporated 28 July 1995 ROC Chhattisgarh HQ Chhattisgarh, India
Active Listed - NSE: SMLT · BSE: 540393 Public Limited Company chemicals and materials
Data last updated
Market Cap
₹96.33 Cr
SMLT · NSE
Share Price
₹70.08
-0.41% today
Revenue
₹192 Cr
FY 2025-26 · +7.8% YoY
EBITDA
₹7.90 Cr
Margin 4.1%
Net Profit
₹4.62 Cr
FY 2025-26 · +12.7% YoY
P/E (TTM)
20.7x
P/B 0.8x
ROE
3.8%
ROCE 5.7%
Authorised capital
₹15 Cr
Registered with MCA

About Sarthak Metals Limited

Data last updated:

Sarthak Metals Limited is a public limited company based in Chhattisgarh, India. It operates in the industrial and specialty gases segment of the chemicals and materials sector. It was incorporated on 28 July 1995 and has been in existence for over 31 years.

The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN L51102CT1995PLC009772. Its GSTIN is 22AADCS2008J1ZS (Chhattisgarh). The company holds 3 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 540393 and NSE: SMLT.

The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹13.69 Cr. It was formerly known as Sarthak Metals Marketing Pvt Ltd and Sarthak Metals Private Limited. It is led by directors including Anoop Kumar Bansal (Managing Director) and Mayur Bhatt (Whole-Time Director).

Its last annual general meeting (AGM) was held on 25 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at B.B.C Colony Khurspar G.E.Road Bhilai, Chhattisgarh, India.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹192.25 Cr, a growth of 7.8% compared to the previous year. For the same year it recorded a net profit of ₹4.62 Cr (net margin 2.4%) and EBITDA of ₹7.9 Cr (EBITDA margin 4.1%). The net worth stands at ₹124.28 Cr (up 3.4% YoY). Total assets are valued at ₹125.56 Cr (up 3.4% YoY).

The company has about 138 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Sarthak Metals. As per MCA filings, the company has open charges of ₹18.2 Cr and satisfied charges of ₹5.4 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company. The company has 12 deals on record (11 market trades, 1 ipo); the latest was in August 2025. Its 4 peer companies in the Manufacturing industry (Cables and Wires, Industrial Gases, Metals), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 3 smaller; the largest is V.A. Power and Steels Private Limited with revenue of ₹182.66 Cr. The company has 3 MSME Form 1 returns on record for the period ending Mar 2019, listing 40 overdue payments to 10 micro and small suppliers.

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

Company details

CIN L51102CT1995PLC009772
Registration Number 009772
Incorporation Date 28 July 1995
ROC Chhattisgarh
Listing Status Listed - Listed on NSE (SMLT); Listed on BSE (540393)
Company Status Active
Date of Last AGM 25 July 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Sarthak Metals has undergone 2 name changes throughout its history. The company was previously known as Sarthak Metals Marketing Pvt Ltd, and Sarthak Metals Private Limited. The current legal name is Sarthak Metals Limited.

Company NameStatus
Sarthak Metals LimitedCurrent
Sarthak Metals Marketing Pvt LtdPrevious
Sarthak Metals Private LimitedPrevious

CIN history

Sarthak Metals has one previous CIN (Corporate Identification Number): U51102CT1995PLC009772. The current CIN is L51102CT1995PLC009772, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L51102CT1995PLC009772Current
U51102CT1995PLC009772Previous

Contact details

Sarthak Metals Limited's registered office is in Chhattisgarh. Its website is sarthakmetals.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    B.B.C Colony Khurspar G.E.Road Bhilai, Chhattisgarh, India
  • Industry
    Chemicals and Materials, Industrial & Specialty Gases

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

Comprehensive company report
Sarthak Metals 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 Metals operates one associated brand: Sarthak Metals. Each brand links to its own profile.

BrandDescriptionWebsite
Wires, flipping coils, and related metal products are manufactured.sarthakmetals.com

Business activity

The main business activity of Sarthak Metals is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Sarthak Metals Limited, buy the company report.

Financials of Sarthak Metals Limited

FY 2025-26 filings available

Sarthak Metals Limited reported revenue of ₹192.25 Cr (up 7.8% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹192 Cr
+7.8% YoY
EBITDA
₹7.90 Cr
+13.3% YoY
Profit After Tax
₹4.62 Cr
+12.7% YoY
Net Worth
₹124 Cr
+3.4% YoY
Total Assets
₹126 Cr
+3.4% YoY
Total Debt
Nil

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue192178305408457222214
Revenue growth+7.8%-41.5%-25.3%-10.7%+106.3%+3.5%-
EBITDA7.906.9719.8539.3037.8915.8511.24
EBITDA margin+4.1%+3.9%+6.5%+9.6%+8.3%+7.2%+5.3%
Profit before tax6.556.2818.9740.2235.8310.786.41
Net profit4.624.1013.7330.1425.427.994.64
Net profit margin+2.4%+2.3%+4.5%+7.4%+5.6%+3.6%+2.2%
EPS (₹)3.373.0110.1021.7420.075.843.38
Balance sheet
Total assets12612111710610185.5170.22
Net worth12412011610577.9453.1046.17
Total debt0.000.000.000.0022.3331.7623.46
Cash & bank0.1029.1635.4315.177.773.461.28
Net working capital91.1910110291.6987.3670.1052.27
Cash flow
Cash from operations(32.56)(0.20)26.8134.9716.44(0.56)17.14
Cash from investing(2.14)(5.67)(3.33)(1.53)3.11(1.32)(2.61)
Cash from financing5.64(0.40)(3.22)(26.04)(15.23)4.05(16.79)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue55.2161.9947.7336.3146.2248.0844.0045.72
Revenue growth (YoY)+19.5%+28.9%+8.5%-20.6%+13.8%---
Other income1.390.650.490.170.620.900.470.74
Total expenses53.6659.4845.6334.6644.4746.7241.9443.80
EBITDA1.552.512.101.651.751.362.061.92
EBITDA margin+2.8%+4.0%+4.4%+4.5%+3.8%+2.8%+4.7%+4.2%
Depreciation0.620.750.750.720.690.810.790.61
Interest0.260.250.050.070.120.250.090.18
Profit before tax2.062.161.791.031.561.201.651.87
Tax0.740.670.490.260.500.530.421.05

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue55.2161.9947.7336.3146.2248.0844.0045.72
Revenue growth (YoY)+19.5%+28.9%+8.5%-20.6%+13.8%---
Other income1.390.650.490.170.620.900.470.74
Total expenses53.6659.4845.6334.6644.4746.7241.9443.80
EBITDA1.552.512.101.651.751.362.061.92
EBITDA margin+2.8%+4.0%+4.4%+4.5%+3.8%+2.8%+4.7%+4.2%
Depreciation0.620.750.750.720.690.810.790.61
Interest0.260.250.050.070.120.250.090.18
Profit before tax2.062.161.791.031.561.201.651.87
Tax0.740.670.490.260.500.530.421.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue192178305408457222214
Revenue growth+7.8%-41.5%-25.3%-10.7%+106.3%+3.5%-
Other income2.052.701.933.803.630.371.09
Total expenses184171285369419206203
Employee cost14.8211.289.517.837.727.187.85
EBITDA7.906.9719.8539.3037.8915.8511.24
EBITDA margin+4.1%+3.9%+6.5%+9.6%+8.3%+7.2%+5.3%
Depreciation2.912.752.031.541.692.142.29
Interest0.490.640.781.344.003.303.63
Profit before tax6.556.2818.9740.2235.8310.786.41
Tax1.932.165.1410.468.362.791.80
Net profit4.624.1013.7330.1425.427.994.64
Net profit margin+2.4%+2.3%+4.5%+7.4%+5.6%+3.6%+2.2%
EPS (₹)3.373.0110.1021.7420.075.843.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital13.6913.6913.6913.6913.6913.6913.69
Reserves & surplus11110710291.3064.2539.4132.48
Shareholders' funds (net worth)12412011610577.9453.1046.17
Secured loans0.000.000.000.0022.3331.7619.36
Unsecured loans0.000.000.000.000.000.004.10
Total debt0.000.000.000.0022.3331.7623.46
Total liabilities12612111710610185.5170.22
Assets
Gross block35.9935.2128.6923.2222.0129.3128.04
Net block17.2719.4015.1411.0511.3213.6914.52
Capital work in progress0.470.330.181.710.000.080.00
Investments2.410.350.000.000.750.750.75
Inventories39.2427.4220.0314.5428.1329.7621.93
Sundry debtors56.8542.4639.7453.0656.8438.1828.20
Cash & bank balances0.1029.1635.4315.177.773.461.28
Loans & advances6.105.119.0412.959.574.206.74
Total current assets10210410495.7210275.6058.15
Total current liabilities11.102.702.624.0314.955.505.88
Net working capital91.1910110291.6987.3670.1052.27
Total assets12612111710610185.5170.22
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash29.1635.4315.177.773.461.283.54
Net cash from operating activities(32.56)(0.20)26.8134.9716.44(0.56)17.14
Net cash from investing activities(2.14)(5.67)(3.33)(1.53)3.11(1.32)(2.61)
Net cash from financing activities5.64(0.40)(3.22)(26.04)(15.23)4.05(16.79)
Net change in cash(29.06)(6.26)20.267.404.312.17(2.26)
Closing cash0.1029.1635.4315.177.773.461.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+7.8%-41.5%-25.3%-10.7%+106.3%+3.5%-
EBITDA growth+13.3%-64.9%-49.5%+3.7%+139.1%+41.0%-
PBT growth+4.3%-66.9%-52.8%+12.3%+232.4%+68.2%-20.3%
Net income growth+12.7%-70.1%-54.5%+18.6%+218.2%+72.2%-
Revenue CAGR (3Y)-22.2%-26.9%+11.2%+24.0%+34.2%+9.0%+12.1%
EBITDA CAGR (3Y)-41.4%-43.1%+7.8%+51.8%+46.8%+15.8%+7.0%
Profitability & leverage
Net income margin+2.4%+2.3%+4.5%+7.3%+6.0%+3.6%+2.2%
Return on capital employed+5.7%+5.8%+17.7%+40.2%+42.7%+18.1%+13.5%
Return on net worth+3.8%+3.5%+12.5%+32.5%+41.9%+16.1%+10.4%
Debt / equity0.000.000.000.120.410.560.67
Long-term debt / equity0.000.000.000.010.050.060.05
Interest cover9.8215.174.383.5511.0524.0740.56
Efficiency & per share
Fixed asset turnover5.405.5811.7618.0617.827.7310.21
Inventory turnover5.777.5217.6619.1415.808.588.93
Debtors turnover3.874.346.587.439.636.688.33
EPS (₹)3.373.0110.1021.7420.075.843.38
Dividend per share (₹)0.000.501.002.002.001.000.50
Book value per share (₹)90.7887.8184.8076.6956.9338.7933.72

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

Board of directors of Sarthak Metals Limited

Sarthak Metals has 7 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mayur BhattWhole-Time Director21 Aug 201610 Years 2 MonthsCurrent
Anoop Kumar BansalManaging Director28 Jul 199531 Years 3 MonthsCurrent
Sanjay Chamanlal ShahWhole-Time Director02 Jan 200323 Years 9 MonthsCurrent
Rama KohliDirector24 Aug 201610 Years 2 MonthsCurrent
Sunil Kumar AgarwalDirector01 Feb 20206 Years 8 MonthsCurrent
Dwadasi Venkata GiriDirector31 Jul 20206 Years 2 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

Sarthak Metals Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Cables and Wires, Industrial Gases, Metals), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Sarthak Metals Limitedthis company₹192.25 Cr (FY 2026)₹4.62 Cr2.4%7.8%138Chhattisgarh, India
V.A. Power and Steels Private Limited₹182.66 Cr (FY 2025)70.0%Raigarh, Chhattisgarh, India
A. I. Ispat Private Limited₹180.76 Cr (FY 2025)0.0%Mehsana, Gujarat, India
Dauji Metal Private Limited₹179.99 Cr (FY 2025)39.0%Faridabad, Haryana, India
Satya Metal Industries Private Limited₹179.65 Cr (FY 2025)18.0%Rudrapur, Uttarakhand, India

To see the full peer comparison of Sarthak Metals Limited, buy the company report.

Auditor

Sarthak Metals Limited is audited by BEGANI & BEGANI for the financial year 2023.

Auditor firmFinancial yearFirm registration number
BEGANI & BEGANIFY 2023010779C

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 68.80%, foreign institutional investors hold 0.10%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 31.10%.

Promoters: 68.80%FII (Foreign Institutional): 0.10%Retail & Others: 31.10%
Sep 2026
QUARTER
68.80% Promoters
0.10% FII (Foreign Institutional)
31.10% Retail & Others
Promoter holding - history
Now 68.80% · Sep 2026High 68.80% · Dec 2025Low 68.80% · Dec 2025
67%67.8%68.5%69.3%70%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 68.80%Mar 2026: 68.80%Jun 2026: 68.80%Sep 2026: 68.80%68.80%68.80%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters68.80%68.80%68.80%68.80%
Public31.20%31.20%31.20%31.20%

Charges & borrowings

Open charges
₹18.2 Cr
Satisfied charges
₹5.4 Cr
Breakdown by lending institutions
State Bank of India₹18.20 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 Feb 200590206277State Bank of India₹18.2 CrOpen
23 Oct 200390206001State Bank of India₹1.8 CrSatisfied
26 Sep 200390205986State Bank of India₹1.8 CrSatisfied
26 Sep 200390209357State Bank of India₹1.8 CrSatisfied

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

Total charge records: 4 View all charges

Deals & funding

Sarthak Metals Limited has 12 deals on record (11 market trades, 1 ipo); the latest was in August 2025.

Total deals
12
Market trades
11
IPO
1

Deals on record (5 of 12)

WhenDealAmountParties
Feb 2024Market trade₹3.89 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Jan 2024Market trade₹2.38 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Jun 2023Market trade₹4.33 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP , an individual
Jul 2020Market trade₹99.2 LakhBuyer: Chamanlal Khushalji Shah Huf, 3 individuals
Seller: Metal-Grace Injection Alloys Private Limited
Mar 2017Market trade₹1.97 CrBuyer: Bhilai Techno Private Limited , an individual

To see the full deal history of Sarthak Metals Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Sarthak Metals Limited has 3 MSME Form 1 returns on record for the period ending Mar 2019, listing 40 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 10)

SupplierAmount dueDue sinceReported on
an individual supplier
Adarsh Ispat Udhyog Pvt. Ltd.
Raj Metals & Alloys, Jaipur
Adarsh Ispat Udyog Private Limited
Pilania Industries India Private Limited

To see the full MSME payment records of Sarthak Metals Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Sarthak Metals Limited has a workforce of 138 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
138
Active EPFO establishments
1
Employee growth
11.29%

GST

Sarthak Metals has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
22AADCS2008J1ZSChhattisgarhActive01 Jul 2017

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

Recent activity

Sarthak Metals Limited has 15 board changes on record since 1995: 11 appointments and 4 cessations. The latest: Anirudh Singhal ceased to be CFO on 31 Jul 2025.

Filing
Sarthak Metals Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chhattisgarh.
Ceased
Anirudh Singhal ceased to be CFO.
AGM
Sarthak Metals Limited last Annual general meeting of members was held on 25 Jul 2025 as per latest MCA records.
Charges
A charge with State Bank Of India of Rs. 18.20 Cr registered on 19 Feb 2005 with Charge ID 90206277 was modified on 01 Mar 2024.
Charges
A charge registered on 23 Oct 2003 via Charge ID 90206001 with State Bank Of India was fully satisfied on 09 Nov 2022.
Charges
A charge registered on 26 Sep 2003 via Charge ID 90209357 with State Bank Of India was fully satisfied on 09 Nov 2022.
Charges
A charge registered on 26 Sep 2003 via Charge ID 90205986 with State Bank Of India was fully satisfied on 09 Nov 2022.
Appointed
Sunil Dutt Bhatt was appointed as Director.
Ceased
Kishore Kumar Bansal ceased to be Director.
Ceased
Chetan Kumar ceased to be Director.
Appointed
Dwadasi Venkata Giri was appointed as Director.
Appointed
Sunil Kumar Agarwal was appointed as Director.

16 earlier events are in the company report.

Frequently asked questions

Sarthak Metals is an active public limited company based in Chhattisgarh, India. The company works in industrial and specialty gases, within the chemicals and materials industry. It was incorporated on 28 July 1995 (31+ years old) and is registered under CIN L51102CT1995PLC009772. Listed on BSE: 540393 and NSE: SMLT.

Sarthak Metals reported revenue of ₹192.25 Cr for FY 2025-26 (up 7.8% YoY) based on standalone financials.

Sarthak Metals has 7 current directors:

The latest financial statements of Sarthak Metals on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 July 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Sarthak Metals is 22AADCS2008J1ZS, registered in Chhattisgarh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of Sarthak Metals is L51102CT1995PLC009772. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Sarthak Metals is a listed company as per MCA records. Its shares are listed on both BSE (code: 540393) and NSE (symbol: SMLT).

Sarthak Metals has 5 court cases on record: 5 filed by the company. Most are in the high courts.

Sarthak Metals was incorporated on 28 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chhattisgarh.

Sarthak Metals has 12 deals on record (11 market trades, 1 ipo); the latest was in August 2025.

The peers of Sarthak Metals by revenue are V.A. Power and Steels Private Limited, A. I. Ispat Private Limited, Dauji Metal Private Limited, Satya Metal Industries Private Limited, all in the Manufacturing industry (Cables and Wires, Industrial Gases, Metals), with the same principal business activity (metal and metal products).

Anirudh Singhal ceased to be CFO on 31 Jul 2025. Sunil Dutt Bhatt was appointed as Director on 04 Aug 2021. Kishore Kumar Bansal ceased to be Director on 02 Aug 2021. Sarthak Metals has 15 board changes on record in total.