Sarthak Metals Limited (SMLT) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Sarthak Metals Limited ₹57.26, price ₹74.18, upside -22.8%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
58‑month range ₹57.41 – ₹433.89 · fair‑value band ₹41.07 – ₹60.74 · the ₹74.18 price screens above the ₹57.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Sarthak Metals Limited manufactures, sells, and exports cored wires and aluminium flipping coils in India and internationally.
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Sarthak Metals Limited manufactures, sells, and exports cored wires and aluminium flipping coils in India and internationally. The company offers calcium silicide, calcium iron, calcium solid wire, calcium aluminum iron, lead cored, ferro titanium, carbon, ferro boron, magnesium ferrosilicon, nitride manganese, carbon steel, stainless steel, hardfacing, and ferro niobium wires, as well as aluminum flipping coils. It also offers wire feeder machines. The company serves steel mills, flat and long product manufacturers, automotive-grade steel producers, stainless steel, foundries, shipbuilding, infrastructure and construction, fabrication workshops, mechanical engineering, and hardfacing and surfacing industries. Sarthak Metals Limited was incorporated in 1995 and is headquartered in Bhilai, India.
Stock analysis
Sarthak Metals Limited (SMLT) currently trades at ₹74.18, while our model-based Fair Value estimate is ₹57.26, 22.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹74.96 per share, and 2 of the 16 models we run sit above the ₹74.18 price.
Bear case: the Dividend Discount group reads lowest at ₹6.57, and 14 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹41.07 (bear) to ₹60.74 (bull), the price of ₹74.18 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Sarthak Metals Limited reported revenue of ₹1.9B in FY2026 versus ₹4.6B in FY2022, a compound −19.4%/yr. Reported net income was ₹46.1M in FY2026, compounding −36.0%/yr from FY2022.
Key figures
Market cap ₹1.0B (≈ $10.5M) · P/E ratio 22.0 · P/S ratio 0.53 · EPS (TTM) ₹3.37 · Dividend yield 0.7% · Net margin 2.4% · Return on equity 3.8% · Return on assets (EBIT) 18.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −57% fair-value upside, at −23%, SMLT screens cheaper than that median.
Fair Value models
Bear ₹41.07Fair Value ₹57.26Bull ₹60.74
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹1.71 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.20/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+7.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−22.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.8%
Start year 2021 (pandemic). Over 10 years: +4.2% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.7%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−9.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.4%
Dividend (yield on the price)0.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−10.4% vs 2.6%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 3%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Metal Fabrication · 252 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−22.8% · Above median
Profitability
Return on equity (TTM)3.8% · Below median
Return on assets2.4% · Below median
Net margin (TTM)2.4% · Below median
Operating margin (TTM)2.8% · Below median
Growth and dividend
Revenue growth28.9% · Top 25%
Dividend yield (TTM)0.7% · Below median
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
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Is Sarthak Metals Limited (SMLT) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹57.26 versus a price of ₹74.18, about −23% upside (overvalued).
What is the fair value of SMLT?
Our model-based fair value for Sarthak Metals Limited is ₹57.26 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹74.18.
What is the quality score of SMLT?
Sarthak Metals Limited has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sarthak Metals Limited (SMLT)?
Our model-based price target is the fair value of ₹57.26 (as of Sep 27, 2026) from 16 valuation models. Cautious scenario ₹41.07, optimistic scenario ₹60.74. It is a calculation from audited fundamentals, not an analyst target.
What is the Sarthak Metals Limited stock forecast for 2026?
Our models put fair value at ₹57.26, about −23% upside versus a price of ₹74.18 (overvalued). Cautious scenario ₹41.07, optimistic scenario ₹60.74. The calculation is refreshed regularly with new filings.
What is the revenue of Sarthak Metals Limited (SMLT)?
Sarthak Metals Limited reported trailing-twelve-month revenue of about ₹1.9B (latest available figure, as of Sep 27, 2026).
Does Sarthak Metals Limited pay a dividend?
Sarthak Metals Limited currently shows a dividend yield of about 0.70% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Sarthak Metals Limited (SMLT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sarthak Metals Limited it is ₹57.26 per share (as of Sep 27, 2026), against a price of ₹74.18. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Sarthak Metals Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, SMLT trades above its calculated fair value: price ₹74.18, fair value ₹57.26, a gap of about −23% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SMLT?
No. The price is what the market pays today (₹74.18); the fair value is what the company's own numbers justify (₹57.26). For Sarthak Metals Limited the two are ₹16.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sarthak Metals Limited worth?
The market values Sarthak Metals Limited at about ₹1.0B (market capitalisation, as of Sep 27, 2026). Per share that is ₹74.18; our models calculate a fair value of ₹57.26 per share.
What do the bullish and bearish scenarios say about SMLT?
Our models span a range for Sarthak Metals Limited: cautious scenario ₹41.07, base ₹57.26, optimistic ₹60.74 per share (as of Sep 27, 2026, price ₹74.18). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SMLT?
Sarthak Metals Limited trades at a price-to-earnings ratio of 22.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹57.26 is built from several models across several years. Other multiples: P/B 0.8, P/S 0.5, EV/EBITDA 12.8.
How solid is the balance sheet of Sarthak Metals Limited (SMLT)?
Balance-sheet figures for Sarthak Metals Limited (as of Sep 27, 2026): return on equity 3.8%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is SMLT from its 52-week high?
Sarthak Metals Limited trades at ₹74.18, about 33% below its 52-week high of ₹111.49 and 29% above the low of ₹57.41 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹57.26 is for.
Which stocks are comparable to Sarthak Metals Limited?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sarthak Metals Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹74.18, calculated fair value ₹57.26 (−23%), Quality Score 48/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SMLT calculated?
We run Sarthak Metals Limited through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹57.26, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Sarthak Metals Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sarthak Metals Limited (SMLT)?
The closing price on Oct 1, 2026 was ₹74.18. Our model-based fair value is ₹57.26, about −23% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sarthak Metals Limited right now?
The price sits above even our optimistic bull case (₹60.74). The favourable scenario is already priced in. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Sarthak Metals Limited (SMLT) come from?
Earnings per share at Sarthak Metals Limited grew +9.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share +5.1 %, EBIT margin −5.5 %, tax rate +0.7 %, residual (interest, one-offs) +8.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sarthak Metals Limited
How large is the market capitalisation of Sarthak Metals Limited (SMLT)?
The market capitalisation of Sarthak Metals Limited is ₹1.0B (≈ $10.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sarthak Metals Limited (SMLT)?
The price-to-sales ratio of Sarthak Metals Limited is 0.53 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sarthak Metals Limited (SMLT)?
Earnings per share at Sarthak Metals Limited are ₹3.37 (price ÷ EPS = P/E 22.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sarthak Metals Limited (SMLT)?
The dividend yield of Sarthak Metals Limited is 0.7% (payout 15.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sarthak Metals Limited (SMLT)?
The net margin of Sarthak Metals Limited is 2.4% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sarthak Metals Limited (SMLT)?
The return on equity (ROE) of Sarthak Metals Limited is 3.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sarthak Metals Limited (SMLT)?
On an EBIT basis the return on assets of Sarthak Metals Limited is 18.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sarthak Metals Limited (SMLT)?
The operating margin of Sarthak Metals Limited is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sarthak Metals Limited (SMLT)?
Revenue at Sarthak Metals Limited is growing +28.9% versus a year earlier (3y avg −22.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sarthak Metals Limited (SMLT)?
Earnings per share at Sarthak Metals Limited are growing +122% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sarthak Metals Limited (SMLT) generate?
The free cash flow of Sarthak Metals Limited is −₹323M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Sarthak Metals Limited (SMLT) carry?
The net debt of Sarthak Metals Limited is ₹65.0M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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