As India’s strategic ambitions in defense, aerospace, and energy continue to expand, the listed public sector firm Mishra Dhatu Nigam (MIDHANI) finds itself at the intersection of national priorities and advanced materials engineering. The company’s recent performance and commentary reveal a business that is not only stable but actively positioning…
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Innomet Advanced Materials, a company that listed on the listed on the NSE SME Exchange a year ago in Sep’24, is an emerging player in a sector that caters to futuristic businesses. Innomet specialises in powder metallurgy—a field that underpins some of the most critical applications in modern industry. The…
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20 Microns, a leading material science company, closed FY25 with a strong revenue momentum. For FY25, the company reported revenue growth of 17%. This was its highest growth rate in ten years, if you ignore the Covid rebound year, FY22, when topline grew 27% after a 9% contraction the previous…
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At Wisdomsmith, we have been happy to see India’s two SME exchanges providing an avenue for SME entrepreneurs to raise equity capital. It is hard for most SME businesses that are not tech startups to raise venture capital funding. This week, Innomet Advanced Materials, a Hyderabad based SME company, will…
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The share price of Sarthak Metals has come down to Rs 195 and is just 5% over its 52-week low. Sarthak’s share price movement contrasts with the overall market, which is at an all-time high. While there are valid reasons for stock price to have come down, current levels may…
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Sarthak Metal’s core business of supplying certain consumables – cored wires and aluminium flipping coils – for the manufacture of steel continued to suffer headwinds in FY24. For the second year in a row revenue fell, coming down to Rs 305 crore in FY24 as compared to Rs 408 crore…
Read More Sarthak Metals has battled volatile input and metal prices driven by weak Chinese and Global economy in the last 2-3 quarters. Revenues were down 19% y-o-y in Q3 ‘24 to Rs 75 crore due to muted exports in the cored wire segment and uncharacteristic margin squeeze in the aluminium segment….
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The management of Sarthak Metals announced two new areas for expansion in 2023. The backdrop to this is: the management was evaluating options for expansion for some time. In its main business of making two key consumables for manufacture of steel – cored wire and aluminium flipping coils – the…
Read More Sarthak Metals has battled volatile input prices driven by weak global economy in the last 2-3 quarters and yet has delivered a resilient performance in the first half of FY23-24. Despite a 33% drop in revenue in H1 FY24 over H1 FY23, the EBITDA margin has stayed in its preferred…
Read More 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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