Sarthak Metals once again declared a healthy EBITDA, both in absolute terms and margins, despit its consumers – the steel makers – still struggling for margins. This confirms what the management has been saying: that Sarthak’s business is not exposed to steel sector cyclicality. Key Points from Q3 FY23 results:…
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The last Friday Sarthak Metals hit a 52 week high of Rs 179.25. The scrip has gained 38% in the last one month. This validates what Wisdomsmith has been saying about Sarthak, that it is a high quality stock, due for a re-rating. Even at the 52 week high, Sarthak…
Read More After the second quarter FY23 results for Sarthak Metals, we wrote to investors reiterating the market was undervaluing the company. Now comes the news that central government has rolled back export duty for some steel intermediates. A 50% tax on exports of iron-ore lumps will be reversed just a few…
Read More Our new Investor Relations client Sarthak Metals offers great value to investors at the current price. Firstly, its business: Sarthak Metals is a supplier of couple of important ingredients in the manufacture of steel. While the name may suggest that Sarthak is a manufacturer of metals, it is a supplier…
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