Sarthak Metals Limited Approves FY2026 Results; Updates Show Significant Changes in Asset Structure
Sarthak Metals Limited announced on May 22, 2026, that its Board of Directors reviewed and approved the audited financial results for the quarter ended March 31, 2026, and for the entire financial year ended March 31, 2026. The company also announced several key governance updates, including the appointment of new internal and cost auditors.The annual results were reviewed by the Audit Committee and approved by the Board of Directors in their meetings held on May 22, 2026. The statutory auditors, Begani & Begani, Chartered Accountants, issued an audit report confirming an unmodified opinion on the company's annual audited financial results for the year ended March 31, 2026.
Governance and Management Approvals
During the board meeting, Sarthak Metals Limited approved several critical corporate decisions. The board sanctioned Material Related Party Transactions for the Financial Year 2026-27 with M/s Bansal Brothers.Furthermore, the company announced new appointments for its audit functions:
- M/s AVN & Co. Chartered Accountants was appointed as the Internal Auditors.
- M/s Gajadhar Prasad & Co., Cost Accountant, was appointed as the Cost Auditor.
Financial Highlights and Results
The company's financial performance data for the year ending March 31, 2026, shows key variations compared to the previous year.Balance Sheet Comparison
The balance sheet data, in Rs. Lakhs, shows a shift in the company's asset mix, with total assets increasing year over year.| Particulars | As at 31st March, 2026 (Audited) | As at 31st March, 2025 (Audited) |
|---|---|---|
| Property, Plant and Equipment | 1726.76 | 1940.16 |
| Capital work-in-progress | 47.41 | 33.08 |
| Other Financial Assets | 1455.56 | 19.76 |
| Other Non-current assets | 241.42 | 34.74 |
| TOTAL NONCURRENT ASSETS | 3471.15 | 2027.75 |
| Inventories | 3924.29 | 2742.11 |
| Trade Receivables | 5685.35 | 4246.3 |
| Other Balances with Banks | 2.86 | 2679.23 |
| Other Current Assets | 610.54 | 511.04 |
| TOTAL CURRENT ASSETS | 10230.2 | 10415.9 |
| TOTAL ASSETS | 13701.4 | 12443.6 |
| Equity Share Capital | 1368.98 | 1368.98 |
| Other Equity | 11058.8 | 10652.3 |
| TOTAL EQUITY | 12427.8 | 12021.2 |
| Borrowings | 659.92 | 0 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 157.4 | 98.89 |
| Provisions | 124.6 | 115.37 |
| Current Tax Liabilities (Net) | 63.13 | 25.4 |
| TOTAL CURRENT LIABILITIES | 1110.47 | 269.88 |
| TOTAL LIABILITIES | 1273.59 | 422.38 |
| TOTAL EQUITY AND LIABILITIES | 13701.4 | 12443.6 |
Profit and Loss Summary
The Profit and Loss statement, in Rs. Lakhs, details the company's income and expenditure over the reporting periods.| PARTICULARS | Quarter ended 31st March, 2026 (Audited) | Year ended 31st March, 2026 (Audited) |
|---|---|---|
| Revenue from Operations | 6199.00 | 19225.14 |
| Other Income | 65.26 | 204.97 |
| TOTAL INCOME | 6264.26 | 19430.11 |
| Cost of Materials Consumed | 4653.33 | 15073.48 |
| Employee Benefits Expense | 427.27 | 1482.41 |
| Depreciation and Amortisation Expense | 74.83 | 290.98 |
| Other Expenses | 585.06 | 1652.39 |
| PROFIT FOR THE PERIOD | 149.39 | 461.07 |
| TOTAL COMPREHENSIVE INCOME | 156.52 | 474.97 |
| Basic Earnings per Equity Share (Rs.10 Each) | 1.09 | 3.37 |
Cash Flow Statement
The cash flow data, in Lakhs, indicates the movement of cash over the financial years.| Item | Period Ended 31st Mar 2026 | Year Ended 31st March, 2025 |
|---|---|---|
| Net Cash from Operating Activities | -3256.32 | -19.55 |
| Net Cash used in Investing Activities | -214.28 | -567.1 |
| Net Cash from financing Activities | 564.21 | -39.65 |
| Net Increase/( decrease) in Cash and Cash equivalents | -2906.4 | -626.31 |
Borrowing Details for FY 2026
In terms of outstanding qualified borrowings for the Financial Year ended March 31, 2026, the company reported the following:| Description | Value |
|---|---|
| Outstanding Qualified Borrowings at the start of the Financial Year | Nil |
| Outstanding Qualified Borrowings at the end of the Financial Year | 6.60 crores |
| Incremental Borrowings done during the year (Qualified Borrowings) | 6.60 crores |
SMLT Stock Price Movement
Shares of Sarthak Metals Limited are edging higher to ₹77.34 as of 2:48 PM today, rallying by 3.18% in live market trading. The stock's upward momentum is underpinned by robust trading, generating a volume of 237,770 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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