Sarthak Metals Ltd Multibagger 2022 Analysis

This article we can explore the possibility of Sarthak Metals Limited as a multibagger 2022 Stock based on Value Investing principles.

Website https://sarthakmetals.com
CMPRs. 101.00

About Sarthak Metals Limited

Sarthak Metals Limited, an ISO 9001-2015 certified company, took its first step in 1995 when it started to manufacture industrial gases under the DB group umbrella. In 2002 the company diversified into producing metallurgical cored wires with the aim of achieving unprecedented success to offer modern metallurgical solution in wire injection technology to the Steel Manufacturing Industry. Sarthak covers a large client base across India, providing highest quality products to the top steel manufacturing companies in the country. They implement rigorous testing and inspection processes to make sure customers get a product that conforms to the highest standards of accuracy, consistency and quality.

At Sarthak, they provide products and solutions targeted to attain precise metallurgy of steel. Over the years, through the consistent high quality products and dependable services, they have achieved ‘preferred supplier’ status in major steel companies all over India. Their huge success in the Indian Market has encouraged company to go global and now they delivering their products to several International Markets.

The Company was originally incorporated on July 28, 1995, as Sarthak Metals Marketing Private Limited under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh, Gwalior. The name of the Company was changed to “Sarthak Metals Private Limited” pursuant to shareholders resolution passed at the Extra Ordinary General Meeting of the Company held on August 13, 2016 and a fresh Certificate of Incorporation pursuant to change of name dated August 22, 2016 was issued by the Registrar of Companies, Chhattisgarh. Subsequently the Company was converted into a Public Limited Company pursuant to shareholders resolution passed at the Extra Ordinary General Meeting held on August 13, 2016 and the name of the Company was changed to “Sarthak Metals Limited” vide a fresh Certificate of Incorporation dated August 23,2016, issued by the Registrar of Companies, Chhattisgarh.

They are engaged into manufacturing of wide variety of Cored wires, Aluminum Flipping coils, Industrial Oxygen gas and Carbon dioxide gas having wide application in various industries including Steel plants, Fabrication units, and foundries. Company manufacturers and suppliers of wire feeder machines that are known for drawing wires of 9 mm to 15 mm diameter. They are also engaged in the business of trading of iron &steel related products.

The current promoters of the Company are Mr. Anoop Kumar Bansal, Mr. Manoj Kumar Bansal, Mr. Kishore Kumar Bansal and Mr. Sanjay Shah with their experience in the business and industry, innovative insight, business acumen and farsightedness has taken the business to a new level.

Sarthak Company is ISO 9001: 2015 certified Company in compliance with quality management system. Over the years they have developed a wide range of products to cater to the needs and specific requirements of a large number of industries, which seek products of assured quality and safety standards. The company accomplish through their consistent high quality products and dependable services, and have achieved referred supplier status in several steel companies ensuring a long-term relationship with their key customers.

They have cultivated a large number of reliable suppliers that deliver high quality raw materials, and accordingly, are not dependent upon any one supplier. The major Suppliers include Bharat Aluminium Co. Ltd, Bhushan Power & Steel Limited, Sino Metal International Limited etc.

Sarthak Metals Ltd Multibagger 2022 Analysis

Products & Services

  • Cored Wires
  • Aluminium Wire Rod
  • Wire Feeder Machine

Profit & loss

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Warren Buffett Checklist

FactorValue
Economic moatModerate
GrowthGood
ValuationGood
DebtModerate
IntegrityGood

Positives

  • Company has reduced debt.
  • Company has delivered good profit growth of 45.58% CAGR over last 5 years
  • Promoter Holding high

Negatives

  • Debt exists
  • Net Profit margin is low
  • Capacity Expansion is sluggish

Summary

As per the Expansion & Value Investing grounds the company is having Multibagger Properties.

DISCLAIMER

Logos are Copyright of respective owners. The advice or opinions here is not for public distribution and has been furnished to you solely for your information purpose and must not be reproduced or redistributed to any other person. Any report is created from Public Source of Information available through Internet from Company website & Other websites & the Research Analyst does not guarantee the Validation of Content in this report.

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