Financials Sarthak Metals Limited

Equities

SMLT

INE017W01010

Electrical Components & Equipment

Market Closed - Bombay S.E. 06:00:53 2024-06-14 am EDT 5-day change 1st Jan Change
208.4 INR +0.02% Intraday chart for Sarthak Metals Limited +0.53% -18.49%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 561.3 390.2 194.4 410.7 1,272 2,244
Enterprise Value (EV) 1 803.6 715.7 416.1 688.2 1,431 2,171
P/E ratio 11.8 x 6.77 x 4.2 x 5.15 x 4.63 x 7.54 x
Yield - 1.75% 3.52% 3.33% 2.15% 1.22%
Capitalization / Revenue 0.33 x 0.21 x 0.09 x 0.19 x 0.28 x 0.55 x
EV / Revenue 0.47 x 0.38 x 0.19 x 0.31 x 0.31 x 0.53 x
EV / EBITDA 7.73 x 5.83 x 3.46 x 4.36 x 3.78 x 5.42 x
EV / FCF -13.5 x -4.86 x 3.46 x -8.8 x 21.2 x 11.7 x
FCF Yield -7.4% -20.6% 28.9% -11.4% 4.72% 8.55%
Price to Book 1.53 x 0.92 x 0.42 x 0.77 x 1.63 x 2.14 x
Nbr of stocks (in thousands) 13,690 13,690 13,690 13,690 13,690 13,690
Reference price 2 41.00 28.50 14.20 30.00 92.95 164.0
Announcement Date 8/1/18 7/26/19 8/4/20 8/16/21 8/5/22 7/18/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,713 1,893 2,142 2,216 4,573 4,084
EBITDA 1 104 122.7 120.3 157.7 378.9 400.8
EBIT 1 91.79 107.7 98.24 137 362.2 385.5
Operating Margin 5.36% 5.69% 4.59% 6.18% 7.92% 9.44%
Earnings before Tax (EBT) 1 70.29 80.53 64.14 107.4 358.5 402.3
Net income 1 47.56 57.63 46.23 79.68 274.8 297.6
Net margin 2.78% 3.05% 2.16% 3.6% 6.01% 7.29%
EPS 2 3.474 4.210 3.377 5.821 20.07 21.74
Free Cash Flow 1 -59.46 -147.3 120.1 -78.2 67.58 185.7
FCF margin -3.47% -7.78% 5.61% -3.53% 1.48% 4.55%
FCF Conversion (EBITDA) - - 99.84% - 17.83% 46.33%
FCF Conversion (Net income) - - 259.77% - 24.59% 62.39%
Dividend per Share - 0.5000 0.5000 1.000 2.000 2.000
Announcement Date 8/1/18 7/26/19 8/4/20 8/16/21 8/5/22 7/18/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 242 326 222 277 159 -
Net Cash position 1 - - - - - 73.3
Leverage (Debt/EBITDA) 2.33 x 2.653 x 1.843 x 1.759 x 0.4185 x -
Free Cash Flow 1 -59.5 -147 120 -78.2 67.6 186
ROE (net income / shareholders' equity) 13.7% 14.6% 10.4% 16% 41.9% 32.5%
ROA (Net income/ Total Assets) 8.97% 9.04% 7.67% 10.2% 21.8% 21.3%
Assets 1 530.1 637.6 602.8 780.6 1,258 1,396
Book Value Per Share 2 26.70 31.00 33.70 39.00 56.90 76.70
Cash Flow per Share 2 1.190 2.590 0.9400 2.520 4.730 5.360
Capex 1 15.9 113 31.8 13.5 19 29.9
Capex / Sales 0.93% 5.96% 1.48% 0.61% 0.42% 0.73%
Announcement Date 8/1/18 7/26/19 8/4/20 8/16/21 8/5/22 7/18/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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