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Sarthak Industries (BSE 531930)₹23.74−4.96%Trading & Distributors
In the Mar 2026 quarter (standalone), Sarthak Industries reported sales of ₹96.72 Cr, down 5.9% from Mar 2025, and net profit of ₹1.59 Cr, up 133.8% year on year. For the year to Mar 2026, sales were ₹281 Cr and net profit ₹2.99 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.78 | 8.70 | 7.59 | 6.26 | 7.59 | 32.07 | 61.28 | 103 | 58.72 | 82.60 | 43.06 | 96.72 |
| Expenses | 8.32 | 8.93 | 7.83 | 6.74 | 7.86 | 31.09 | 59.98 | 101 | 57.84 | 80.86 | 42.26 | 97.91 |
| Operating Profit | −0.54 | −0.22 | −0.23 | −0.48 | −0.27 | 1.00 | 1.36 | 1.47 | 0.95 | 1.96 | 0.87 | −1.00 |
| OPM % | −6.8% | −2.4% | −2.9% | −7.5% | −3.4% | 3.1% | 2.2% | 1.4% | 1.6% | 2.3% | 2.0% | −1.0% |
| Other Income | 0.86 | 0.86 | 0.84 | 0.90 | 0.81 | 0.48 | 0.23 | 0.20 | 0.14 | 0.12 | 0.20 | 3.05 |
| Interest | 0.19 | 0.19 | 0.12 | 0.23 | 0.14 | 0.19 | 0.23 | 0.69 | 0.41 | 0.60 | 0.43 | 0.68 |
| Depreciation | 0.11 | 0.11 | 0.11 | 0.11 | 0.08 | 0.08 | 0.08 | 0.08 | 0.06 | 0.06 | 0.06 | 0.06 |
| Profit before tax | 0.05 | 0.37 | 0.41 | 0.11 | 0.35 | 1.22 | 1.29 | 0.91 | 0.63 | 1.43 | 0.59 | 1.34 |
| Tax % | 25.0% | 22.2% | 24.9% | 29.9% | 26.4% | 27.2% | 18.7% | 23.3% | −83.9% | 78.1% | 25.8% | −20.4% |
| Net Profit | 0.01 | 0.27 | 0.29 | 0.07 | 0.24 | 0.87 | 1.03 | 0.68 | 1.13 | 0.31 | 0.42 | 1.59 |
| EPS (Rs) | 0.01 | 0.31 | 0.33 | 0.08 | 0.28 | 0.96 | 1.13 | 0.73 | 1.24 | 0.35 | 0.47 | 1.71 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 97.69 | 160 | 120 | 112 | 95.69 | 134 | 164 | 57.81 | 29.90 | 203 | 281 | 281 |
| Expenses | 96.86 | 162 | 120 | 109 | 94.82 | 131 | 162 | 58.90 | 31.95 | 201 | 278 | 279 |
| Operating Profit | 1.01 | −1.01 | 1.01 | 3.01 | 1.01 | 3.01 | 2.01 | −1.01 | −1.01 | 4.01 | 3.01 | 2.78 |
| OPM % | 0.8% | −0.6% | 0.7% | 2.3% | 0.6% | 2.1% | 1.1% | −1.2% | −4.7% | 1.7% | 1.0% | 1.0% |
| Other Income | 1.99 | 4.99 | 3.99 | 0.99 | 4.99 | 1.99 | 1.99 | 2.99 | 3.99 | 1.99 | 3.99 | 3.51 |
| Interest | 2.01 | 2.01 | 2.01 | 2.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 2.01 | 2.12 |
| Depreciation | 0.00 | 0.99 | 1.01 | 0.99 | 0.00 | 0.99 | 0.99 | 0.99 | 0.00 | 0.00 | 0.00 | 0.24 |
| Profit before tax | 1.01 | 2.01 | 2.01 | 1.01 | 4.01 | 3.01 | 2.01 | 1.01 | 1.01 | 4.01 | 4.01 | 3.99 |
| Tax % | 22.9% | 16.9% | 17.9% | 60.9% | 31.9% | 28.9% | 26.9% | 27.0% | 23.9% | 24.0% | 11.9% | — |
| Exceptional items | 0.00 | 2.01 | 0.00 | 0.00 | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.01 | — |
| Net Profit | 0.99 | 0.99 | 1.99 | 0.00 | 2.99 | 1.99 | 1.99 | 0.99 | 0.99 | 2.99 | 2.99 | 3.45 |
| EPS (Rs) | 0.89 | 1.53 | 1.90 | 0.49 | 2.90 | 2.26 | 1.82 | 0.83 | 0.72 | 3.04 | 3.74 | 3.77 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.01 | 7.01 | 7.02 | 7.02 | 7.02 | 7.02 | 7.03 | 7.03 | 9.04 | 9.03 | 9.04 | 9.03 |
| Reserves | 22.96 | 23.97 | 22.96 | 24.99 | 26.00 | 28.07 | 31.04 | 33.06 | 30.10 | 31.06 | 33.09 | 36.04 |
| Borrowings | 7.99 | 9.01 | 6.99 | 16.01 | 2.99 | 0.00 | 1.00 | 4.00 | 3.01 | 2.00 | 5.02 | 14.03 |
| Other Liabilities | 55.21 | 55.24 | 44.15 | 27.13 | 45.22 | 26.13 | 32.14 | 36.17 | 27.12 | 13.07 | 25.12 | 46.22 |
| Total Liabilities | 93.17 | 95.23 | 81.12 | 75.15 | 80.23 | 61.22 | 70.21 | 79.26 | 69.27 | 55.16 | 73.27 | 106 |
| Fixed Assets | 22.93 | 24.94 | 28.92 | 14.96 | 8.98 | 2.99 | 3.99 | 4.98 | 3.99 | 3.99 | 3.99 | 2.99 |
| CWIP | 2.01 | 1.01 | 2.01 | 2.01 | 5.01 | 1.99 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 |
| Investments | 0.00 | 0.00 | 3.01 | 3.01 | 3.01 | 2.01 | 3.01 | 3.01 | 2.01 | 6.01 | 6.01 | 7.02 |
| Other Assets | 69.23 | 68.28 | 47.18 | 55.17 | 63.23 | 54.23 | 62.20 | 69.26 | 61.26 | 44.15 | 62.26 | 95.30 |
| Inventories | 6.62 | 15.88 | 4.13 | 3.25 | 8.20 | 6.70 | 9.39 | 6.93 | 4.29 | 4.37 | 20.57 | 29.96 |
| Trade receivables | 30.35 | 16.90 | 8.99 | 14.43 | 20.81 | 20.48 | 13.75 | 16.56 | 17.88 | 2.83 | 12.75 | 41.87 |
| Cash & equivalents | 2.19 | 4.09 | 1.86 | 5.05 | 3.50 | 5.25 | 3.69 | 4.20 | 1.96 | 2.32 | 7.12 | 2.86 |
| Total Assets | 93.17 | 95.23 | 81.12 | 75.15 | 80.23 | 61.22 | 70.21 | 79.26 | 69.27 | 55.16 | 73.27 | 106 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −1.01 | 5.01 | 2.01 | −1.01 | 11.03 | −23.05 | 8.02 | 2.01 | −8.01 | −2.01 | −15.03 | −22.04 |
| Cash from investing activity | 2.99 | −1.99 | −0.99 | 0.99 | 0.99 | 27.95 | −8.99 | −3.99 | 8.98 | 4.99 | 15.98 | 8.99 |
| Cash from financing activity | −2.01 | −2.01 | −3.01 | 2.01 | −14.04 | −4.01 | −1.01 | 2.01 | −2.01 | −2.01 | 2.01 | 7.02 |
| Net cash flow | 0.00 | 0.99 | −0.99 | 2.99 | −1.99 | 0.99 | −1.99 | 0.99 | −0.99 | 0.99 | 3.99 | −5.99 |
| Capex | 0.01 | 4.07 | 3.39 | 1.37 | 5.41 | 2.34 | 10.61 | 5.75 | 0.63 | 0.00 | 0.01 | 0.06 |
| Free cash flow | 0.00 | 0.99 | 0.99 | −1.99 | 11.97 | 3.99 | −2.99 | −2.99 | −7.98 | −1.99 | −14.97 | −19.95 |
| CFO / OP % | 50.1% | 768.0% | −287.9% | −76.0% | 444.0% | −3,948.0% | 322.1% | 194.1% | 1,022.1% | 115.1% | −409.9% | −823.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 117 | 64 | 21 | 45 | 69 | 79 | 39 | 38 | 113 | 35 | 24 | 55 |
| Inventory days | 25 | 62 | 9 | 9 | 28 | 27 | 27 | 16 | 29 | 57 | 38 | 40 |
| Days payable | 207 | 215 | 86 | 55 | 87 | 57 | 54 | 58 | 114 | 47 | 28 | 51 |
| Cash conversion cycle | −66 | −88 | −56 | −1 | 10 | 50 | 11 | −5 | 28 | 45 | 33 | 44 |
| Working capital days | −3 | −23 | −7 | 5 | 16 | 74 | 37 | 21 | 107 | 274 | 35 | 35 |
| ROCE % | −1.0% | 7.0% | 4.0% | 9.1% | 8.1% | 5.0% | 11.1% | 9.0% | 5.0% | 4.0% | 11.1% | 7.1% |
For the Mar 2026 quarter, Sarthak Industries reported sales of ₹96.72 Cr, down 5.9% year on year and net profit of ₹1.59 Cr, up 133.8% year on year. The operating margin was −1.0%.
Sarthak Industries' sales for the year to Mar 2026 were ₹281 Cr; over the last twelve months they were ₹281 Cr.
Net profit for the year to Mar 2026 was ₹2.99 Cr, and ₹3.45 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.77.
Sarthak Industries reported borrowings of ₹14.03 Cr at Mar 2026, against cash and equivalents of ₹2.86 Cr.
Cash from operations was −₹22.04 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹19.95 Cr.