Sarthak Metals Limited (SMLT) - Net Assets

Latest as of December 2025: Rs1.23 Billion INR ≈ $13.27 Million USD

Based on the latest financial reports, Sarthak Metals Limited (SMLT) has net assets worth Rs1.23 Billion INR (≈ $13.27 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.26 Billion ≈ $13.63 Million USD) and total liabilities (Rs32.81 Million ≈ $354.87K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SMLT cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.23 Billion
% of Total Assets	97.4%
Annual Growth Rate	18.98%
5-Year Change	126.38%
10-Year Change	402.46%
Growth Volatility	11.86

Sarthak Metals Limited - Net Assets Trend (2012–2025)

This chart illustrates how Sarthak Metals Limited's net assets have evolved over time, based on quarterly financial data. Also explore SMLT asset base for the complete picture of this company's asset base.

Annual Net Assets for Sarthak Metals Limited (2012–2025)

The table below shows the annual net assets of Sarthak Metals Limited from 2012 to 2025. For live valuation and market cap data, see SMLT market cap.

Year	Net Assets	Change
2025-03-31	Rs1.20 Billion ≈ $13.00 Million	+3.55%
2024-03-31	Rs1.16 Billion ≈ $12.55 Million	+10.57%
2023-03-31	Rs1.05 Billion ≈ $11.35 Million	+34.72%
2022-03-31	Rs779.37 Million ≈ $8.43 Million	+46.77%
2021-03-31	Rs531.03 Million ≈ $5.74 Million	+15.02%
2020-03-31	Rs461.69 Million ≈ $4.99 Million	+8.96%
2019-03-31	Rs423.70 Million ≈ $4.58 Million	+15.74%
2018-03-31	Rs366.07 Million ≈ $3.96 Million	+12.03%
2017-03-31	Rs326.75 Million ≈ $3.53 Million	+36.57%
2016-03-31	Rs239.25 Million ≈ $2.59 Million	+16.34%
2015-03-31	Rs205.65 Million ≈ $2.22 Million	+15.94%
2014-03-31	Rs177.38 Million ≈ $1.92 Million	+17.65%
2013-03-31	Rs150.77 Million ≈ $1.63 Million	+20.12%
2012-03-31	Rs125.52 Million ≈ $1.36 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Sarthak Metals Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1364.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs1.02 Billion	85.03%
Common Stock	Rs136.90 Million	11.39%
Other Comprehensive Income	Rs1.07 Billion	88.61%
Total Equity	Rs1.20 Billion	100.00%

Sarthak Metals Limited Competitors by Market Cap

The table below lists competitors of Sarthak Metals Limited ranked by their market capitalization.

Company	Market Cap
Quince Therapeutics, Inc. NASDAQ:QNCX	$11.14 Million
Strategic Energy Resources Ltd AU:SER	$11.14 Million
Bioatla Inc NASDAQ:BCAB	$11.14 Million
Trainline Plc LSE:TRN	$11.14 Million
Concord Medical Services Holdings NYSE:CCM	$11.12 Million
Patria Private Equity Trust LSE:PPET	$11.12 Million
Walker River Resources Corp. V:WRR	$11.11 Million
KOAS Co. Ltd KO:071950	$11.09 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sarthak Metals Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,160,875,000 to 1,202,126,000, a change of 41,251,000 (3.6%).
Net income of 41,198,000 contributed positively to equity growth.
Other comprehensive income increased equity by 1,065,587,999.
Other factors decreased equity by 1,065,534,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs41.20 Million	+3.43%
Other Comprehensive Income	Rs1.07 Billion	+88.64%
Other Changes	Rs-1.07 Billion	-88.64%
Total Change	Rs-	3.55%

Book Value vs Market Value Analysis

This analysis compares Sarthak Metals Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.86x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 6.83x to 0.86x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-03-31	Rs11.01	Rs75.20	x
2013-03-31	Rs11.01	Rs75.20	x
2014-03-31	Rs12.96	Rs75.20	x
2015-03-31	Rs15.02	Rs75.20	x
2016-03-31	Rs17.48	Rs75.20	x
2017-03-31	Rs23.87	Rs75.20	x
2018-03-31	Rs26.74	Rs75.20	x
2019-03-31	Rs30.95	Rs75.20	x
2020-03-31	Rs33.72	Rs75.20	x
2021-03-31	Rs38.79	Rs75.20	x
2022-03-31	Rs56.93	Rs75.20	x
2023-03-31	Rs76.69	Rs75.20	x
2024-03-31	Rs84.80	Rs75.20	x
2025-03-31	Rs87.83	Rs75.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sarthak Metals Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 3.43%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.31%
• Asset Turnover: 1.43x
• Equity Multiplier: 1.04x
Recent ROE (3.43%) is below the historical average (15.23%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	11.06%	1.66%	3.28x	2.03x	Rs1.60 Million
2013	15.85%	2.12%	3.08x	2.43x	Rs8.82 Million
2014	14.66%	1.77%	3.65x	2.27x	Rs8.27 Million
2015	13.98%	1.90%	3.20x	2.29x	Rs8.18 Million
2016	14.92%	2.79%	2.61x	2.04x	Rs11.78 Million
2017	12.09%	2.60%	2.43x	1.92x	Rs6.83 Million
2018	12.99%	2.78%	2.63x	1.78x	Rs10.95 Million
2019	13.60%	3.05%	2.26x	1.98x	Rs15.26 Million
2020	10.01%	2.16%	2.81x	1.65x	Rs64.59K
2021	15.05%	3.61%	2.43x	1.72x	Rs26.84 Million
2022	35.26%	6.04%	3.92x	1.49x	Rs196.87 Million
2023	28.35%	7.32%	3.69x	1.05x	Rs192.64 Million
2024	11.91%	4.55%	2.53x	1.03x	Rs22.20 Million
2025	3.43%	2.31%	1.43x	1.04x	Rs-79.01 Million

Industry Comparison

This section compares Sarthak Metals Limited's net assets metrics with peer companies in the Metal Fabrication industry.

Industry Context

Industry: Metal Fabrication
Average net assets among peers: $2,406,066,390
Average return on equity (ROE) among peers: 13.88%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sarthak Metals Limited (SMLT)	Rs1.23 Billion	11.06%	0.03x	$11.13 Million
Aeroflex Industries Limited (AEROFLEX)	$3.42 Billion	15.33%	0.25x	$436.02 Million
Alicon Castalloy Limited (ALICON)	$231.86 Million	32.52%	4.67x	$123.28 Million
BELL AGROMACHINA ORD T (BSE) (BALUFORGE)	$1.98 Billion	19.69%	0.88x	$710.75 Million
DCM Limited (DCM)	$869.40 Million	-1.79%	4.76x	$16.57 Million
DEE Development Eng Ltd (DEEDEV)	$4.54 Billion	0.00%	0.84x	$312.36 Million
D P Wires Limited (DPWIRES)	$278.89 Million	18.01%	1.92x	$29.98 Million
Gandhi Special Tubes Limited (GANDHITUBE)	$1.02 Billion	24.96%	0.10x	$109.45 Million
Ganga Forging Limited (GANGAFORGE)	$119.98 Million	-17.63%	1.75x	$4.23 Million
Gravita India Limited (GRAVITA)	$6.02 Billion	33.42%	1.00x	$1.28 Billion
Happy Forgings Limited (HAPPYFORGE)	$5.58 Billion	14.31%	0.37x	$1.38 Billion

About Sarthak Metals Limited

NSE:SMLT India Metal Fabrication

Market Cap

$11.13 Million

Rs1.03 Billion INR

Market Cap Rank

#26611 Global

#1493 in India

Share Price

Rs75.20

Change (1 day)

+5.01%

52-Week Range

Rs57.41 - Rs129.93

All Time High

Rs435.65