Sarthak Metals Ltd · NSE:SMLT
Sarthak Metals — Q3 FY2026 Earnings Presentation
31 slides from Sarthak Metals's earnings presentation, Feb 11, 2026
Slide 1: Exchange filing cover letter
Date: 11/02/2026 To, To, The Manager, Listing Department, Listing & Compliance, National Stock Exchange of India Limited, BSE Limited C-1, G-Block, Bandra-Kurla Complex Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai - 400 001. Ref: Scrip Code - 540393 Ref: Scrip Symbol
Slide 2: Earnings Presentation Q3 FY26
EARNINGS MODERN METALLURGICAL SOLUTIONS FOR FINE TUNING STEEL PRESENTATION Q3 FY26
Slide 3: Topics
Q3 FY26 EARNINGS PRESENTATION TOPICS SLIDE NO. FINANCIAL RESULTS 03 BUSINESS UPDATE 07 COMPANY BACKGROUND 11 FINANCIAL TRENDS 24 SUSTAINABILITY INITIATIVES 29
Slide 4: Financial Results
Q3 FY26 EARNINGS PRESENTATION TOPICS SLIDE NO. FINANCIAL RESULTS 03 OPERATIONAL HIGHLIGHTS 04 P&L SUMMARY 05 MANAGEMENT COMMENTARY 06 BUSINESS UPDATE 07 COMPANY BACKGROUND 11 FINANCIAL TRENDS 24 SUSTAINABILITY INITIATIVES 29
Slide 5: Core Operational Highlights Q3 FY26
CORE OPERATIONAL 4 Q3 FY26 EARNINGS PRESENTATION HIGHLIGHTS Q3 FY26 VOLUMES & REALIZATIONS CORED WIRES ALUMINIUM FLIPPING COIL OPERATIONAL HIGHLIGHTS 1,250 2.60 400 2.7 2.68 2.68 32 CRORE 6 CRORE 2.68 350 2.55 1,200 2.55 2.57 REVENUE REVENUE 2.66 300 2.50 1,150 2.64 250 1% INCREASE IN VOLUME -37% DE
Slide 6: Q3 FY26 P&L Summary
Q3 FY26 5 S Q3 FY26 EARNINGS PRESENTATION P&L SUMMARY PARTICULARS ( ₹ I N C R O R E S ) Q3FY26 Q2FY26 Q3FY25 YOY% change QOQ% change Revenue from Operations 47.73 36.31 44.00 8 31 Total Income 48.22 36.48 44.47 8 32 Operating Expenses 45.63 34.66 41.94 9 32 EBITDA (Excluding OI & EI) 2.10 1.64 2.06
Slide 7: Management Commentary
MANAGEMENT “ 6 Q3 FY26 EARNINGS PRESENTATION COMMENTARY COMMENTING ON THE Q3 FY26 “The steel sector continues to face challenges related to international price disparities and raw material security. India was a PERFORMANCE, SANJAY SHAH, EXECUTIVE net importer of steel during FY26 (April–October), pr
Slide 8: Business Update
Q3 FY26 EARNINGS PRESENTATION TOPICS SLIDE NO. FINANCIAL RESULTS 03 BUSINESS UPDATE 07 WELDING 08 BIOTECHNOLOGY 09 COMPANY BACKGROUND 11 FINANCIAL TRENDS 24 SUSTAINABILITY INITIATIVES 29
Slide 9: Welding Business
8 OVERVIEW Flux Core Arc Welding is a type of welding process using consumable electrode that contains flux around it INDIAN IMPORTS OF FLUX CORED WIRE IN MT Flux melts together with the electrode during the welding process and shields the joint Q3 FY26 EARNINGS PRESENTATION Presently, India has lit
Slide 10: Biotechnology
9 WHAT IS Biotechnology is the branch of applied science that uses living organisms and their derivatives to produce products and Q3 FY26 EARNINGS PRESENTATION BIOTECHNOLOGY? processes. These products and processes feature in healthcare, medicine, biofuels, and environmental safety. India’s BioEcono
Slide 11: Biotech Focus Areas & Vision
BIOTECH FOCUS AREAS & VISION THREE PRONGED APPROACH 10 01 FOCUS INDUSTRIAL Alternate Energy: Biofuel production like biogas and ethanol ENZYMES due to its higher efficiency and lesser environmental impact. Food & Beverage to enhance quality, flavour, texture & nutritional value of products. Laundry
Slide 12: Company Background
Q3 FY26 EARNINGS PRESENTATION TOPICS SLIDE NO. FINANCIAL RESULTS 03 BUSINESS UPDATE 07 COMPANY BACKGROUND 11 DESRAJ BANSAL GROUP 12 CLIENTS 20 SARTHAK METALS SNAPSHOT 13 WAREHOUSING CAPABILITIES 21 MILESTONES 16 LEADERSHIP 22 PRODUCT CATEGORIES 18 BOARD OF DIRECTORS 23 INFRASTRUCTURE 19 FINANCIAL TR
Slide 13: Desraj Bansal Group
* Provisional Figure 12 ₹650+ Cr Q3FY26 EARNINGS PRESENTATION leading business group with interests in the Metals and Energy sector 5 3 state-of-the-art fully-functional Manufacturing facilities in Bhilai, GROUP Chhattisgarh housed under ENTITIES DESRAJ BANSAL GROUP SARTHAK METALS LTD SARTHAK ENERGY
Slide 14: Sarthak Metals Snapshot
13 SARTHAK “SARTHAK” IS PART OF THE 650+ Cr DB GROUP Q3 FY26 EARNINGS PRESENTATION 01 METALS INDIA’S LEADING MANUFACTURER & EXPORTER OF CORED WIRES & ALUMINIUM FLIPPING COILS LTD Being an experienced and quality conscious manufacturer, Sarthak is the preferred supplier to some of India’s largest ste
Slide 15: Group Entities: Sarthak Energy
14 Q3 FY26 EARNINGS PRESENTATION 02 SARTHAK GROUP ENTITIES ENERGY 2 MW PVT LTD SOLAR POWER PLANT SOLAR ENERGY DESRAJ BANSAL GROUP
Slide 16: Group Entities: Bansal Brothers
15 BANSAL Q3 FY26 EARNINGS PRESENTATION 03 BROTHERS FERROALLOYS GROUP ENTITIES 6,000 TPA FERROALLOYS CAPACITY DESRAJ BANSAL GROUP
Slide 17: Milestones
16 Q3 FY26 EARNINGS PRESENTATION 1995 INCORPORATED 2008 COMMENCED PRODUCTION OF with an industrial gases unit producing ALUMINIUM industrial oxygen and carbon dioxide FLIPPING COILS catering to industries units in its vicinity with the first mill built in-house 2002 FIRST CORED WIRE MILL 2012 STARTE
Slide 18: Milestones
17 Q2 FY26 EARNINGS PRESENTATION 2017 IPO & BSE LISTING 2023 ENTERED FLUX CORED WIRE Raised funds through its initial public offer BUSINESS WITH HUGE IMPORT and got listed on BSE SME SUBSTITUTION OPPORTUNITY 2018 COMMENCED BACKWARD 2024 VENTURED INTO BIOTECH INTEGRATION FOR FLIPPING Starting with al
Slide 19: Product Categories
18 PRODUCT Q3 FY26 EARNINGS PRESENTATION CATEGORIES CORED WIRES ALUMINIUM WIRE FEEDER Cored Wires are a product of wire injection technology of steels. They consist of steel tubes (wires) filled with various alloys that are injected in molten metal for introducing different FLIPPING COILS MACHINES c
Slide 20: Infrastructure
19 Manufacturing Capacity (Double Shift) CORED WIRES ALUMINIUM FLIPPING COILS PRODUCTION TRENDS Q3 FY26 EARNINGS PRESENTATION IN TPA 9,925 Expanded 10,000 TPA 15,000 TPA in FY23 Manufacturing Manufacturing 8,569 04 Lines 02 Lines 7,196 Built in-house specific to company needs equipped with sophistic
Slide 21: Clients
20 INDIA Q3 FY26 EARNINGS PRESENTATION CLIENT PROFILE STEEL PLANTS FABRICATION UNITS FOUNDRIES & BEYOND 85% REPEAT BUSINESS MILESTONES SHADED IRON TOP 5 CLIENTS SALES & STEEL CO. LLC 40% CONTRIBUTION 10+ YEAR 20 RELATIONSHIPS 5+ YEAR 05 CLIENTS RELATIONSHIPS
Slide 22: Warehousing Capabilities
21 Q3 FY26 EARNINGS PRESENTATION CORED 1,500 SQ. MT. 2,000+ TONNES EQUIVALENT TO WIRES MATERIAL STORAGE SPACE 3 MONTHS’ BUFFER SUFFICIENT SPACE TO STOCK FINISHED PRODUCTS AS WELL ALUMINIUM 4,000+ TONNES FLIPPING 2,800 SQ. MT. EQUIVALENT TO MATERIAL STORAGE SPACE COILS 4 MONTHS’ BUFFER MILESTONES Sta
Slide 23: Leadership
LEADERSHIP 22 Q3 FY26 EARNINGS PRESENTATION ANOOP KUMAR BANSAL SANJAY SHAH MAYUR BHATT MANAGING DIRECTOR WHOLE-TIME DIRECTOR WHOLE-TIME DIRECTOR & CEO Mr Bansal has a Bachelors in Commerce degree from Mr Shah is a Whole-Time Director and the head of Mr Bhatt is a Whole-Time Director and the Chief Na
Slide 24: Board of Directors
23 Q3 FY26 EARNINGS PRESENTATION BOARD OF DIRECTORS MR SUNIL KUMAR AGARWAL MS RAMA KOHLI MR SUNIL DUTT BHATT MR DWADASI VENKATA GIRI CHAIRMAN & NON-EXECUTIVE, NON-EXECUTIVE, NON-EXECUTIVE, INDEPENDENT NON-EXECUTIVE, INDEPENDENT NON-INDEPENDENT DIRECTOR INDEPENDENT WOMAN DIRECTOR DIRECTOR DIRECTOR Mr
Slide 25: Financial Trends
Q3 FY26 EARNINGS PRESENTATION TOPICS SLIDE NO. FINANCIAL RESULTS 03 BUSINESS UPDATE 07 COMPANY BACKGROUND 11 FINANCIAL TRENDS 24 5 YEAR FINANCIAL TRENDS 25 SHAREHOLDER VALUE CREATION 26 OPERATIONAL EFFICIENCY METRICS 27 SUSTAINABILITY INITIATIVES 29
Slide 26: 5 Year Financial Trends
5 YEAR FINANCIAL 25 Q3 FY26 EARNINGS PRESENTATION TRENDS REVENUE FROM PROFIT EBITDA & EQUITY & OPERATIONS AFTER TAX EBITDA MARGINS DEBT TO EQUITY (₹ IN CRORES) (₹ IN CRORES) (₹ IN CRORES & IN %) (₹ IN CRORES & TIMES) 50.0 12.0% 140.00 0.7 10.6% 45.0 0.59 9.1% 120.00 0.6 10.0% 40.0 100.00 0.5 7.3% 7.
Slide 27: Shareholder Value Creation
26 Q3 FY26 EARNINGS PRESENTATION ROCE DIVIDEND SHARE PRICE SINCE LISTING* V/S BSE SENSEX SHAREHOLDING IN % PER SHARE PRICE (INDEXED) PERFORMANCE PATTERN SHARE 0.14% FIIs IN ₹ Sarthak Metals Sensex 400.0 31.05% 300.0 PUBLIC 2 200.0 5.74% 68.81% 24.10% 45.70% 40.00% 16.90% 100.0 PROMOTERS 0.5 1 2 1 0.
Slide 28: Operational Efficiency Metrics
OPERATIONAL EFFICIENCY 27 Q3 FY26 EARNINGS PRESENTATION METRICS OPERATIONAL EFFICIENCY METRICS WORKING CAPITAL INVENTORY DAYS ASSETS TURNOVER RATIO TRADE RECEIVABLES IN DAYS IN DAYS IN TIMES TURNOVER RATIO IN DAYS 205 2.7 4.4 3.6 2.7 1.5 57 21 49 48 68 79 49 23 13 49 23 13 56 84 FY21 FY22 FY23 FY24
Slide 29: Sustainability Initiatives
Q3 FY26 EARNINGS PRESENTATION TOPICS SLIDE NO. FINANCIAL RESULTS 03 BUSINESS UPDATE 07 COMPANY BACKGROUND 11 FINANCIAL TRENDS 24 SUSTAINABILITY INITIATIVES 29
Slide 30: Sustainability Initiatives
SUSTAINABILITY 29 Q3 FY26 EARNINGS PRESENTATION INITIATIVES GOING GREEN WITH BIOTECHNOLOGY USAGE OF ALUMINIUM SCRAP SOLAR POWER Enzymes offer a sustainable alternative to traditional chemical Production of about 75% of Aluminium Flipping Coil of Sarthak With 400 KW of renewable energy used, the proc
Slide 31: Get in Touch
30 Q3 FY26 EARNINGS PRESENTATION NARENDRA DEWANGAN GET IN Sarthak Metals Limited cfo@sarthakmetals.com TOUCH PRATIK JAIN Sarthak Metals Limited cs@sarthakmetals.com MUTHUKUMAR K Wisdom IR muthukumar@wisdomsmith.com +91 9867191576 SAFE HARBOUR This document which has been prepared by Sarthak Metals L