Sarthak Global Ltd (530993)
🎯 Key Takeaways
- Sarthak Global Ltd appears to be in a distressed or stagnant phase, marked by persistent losses, negative ROE and ROCE, and minimal revenue generation. The company has not generated meaningful revenue in recent quarters, with only a brief period of profitability in mid-2025, suggesting operational or strategic challenges.
- Revenue declined 98.6% QoQ to ₹0 in Q1FY27.
- ⚠️ 1) Persistent lack of revenue generation in most quarters raises sustainability concerns. 2) Negative operating margins and declining EPS suggest dete
📖 The Story
Sarthak Global Ltd appears to be in a distressed or stagnant phase, marked by persistent losses, negative ROE and ROCE, and minimal revenue generation. The company has not generated meaningful revenue in recent quarters, with only a brief period of profitability in mid-2025, suggesting operational or strategic challenges.
📰 What's Happening
The company held its 41st AGM on August 31, 2026 via video conference, where shareholders approved governance matters including director reappointments and e-voting procedures. No new business initiatives or strategic shifts were disclosed during the meeting. There have been no recent announcements of new orders, expansions, or management changes. The board has maintained continuity with existing directors, indicating stability but not transformation.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 1 | 0 | 0 | 4 | 0 |
| Operating Profit | 1 | -0 | -0 | -1 | -0 |
| OPM % | 67.1% | -33.3% | -60.0% | -25.9% | -150.0% |
| Net Profit | 0 | 0 | -0 | -0 | -0 |
| EPS | ₹1.39 | ₹-0.01 | ₹-0.23 | ₹-1.13 | ₹-0.24 |
Revenue has fluctuated dramatically, with near-zero sales reported in most recent quarters, except for a brief spike in June 2025 where revenue reached ₹1 crore and operating profit was positive at ₹1 lakh. However, this was not sustained, as subsequent quarters reverted to minimal or no revenue. Operating margins have been consistently negative in recent periods, reflecting either cost structure issues or lack of pricing power. Profitability has not improved despite cost-cutting attempts, as seen in declining EPS trends from ₹1.39 in June 2025 to a loss of ₹0.24 in June 2026.
🔮 Management Outlook & What's Next
There is no forward-looking guidance or strategic outlook provided in the available filings. Management did not address future revenue expectations, margin improvement plans, or capital allocation strategy during the AGM or in recent disclosures. The absence of commentary on business recovery or restructuring suggests limited visibility or deliberate silence on near-term prospects.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 |
| Reserves | -2 | -1 | -1 | -1 |
| Borrowings | 16 | 15 | 9 | 10 |
| Total Liabilities | 19 | 17 | 11 | 12 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 19 | 17 | 11 | 12 |
The balance sheet shows a significant increase in borrowings, rising from ₹15 crore in March 2025 to ₹10 crore in March 2026, though still elevated. Equity remains minimal at ₹3 crore with negative reserves, indicating accumulated losses eroding capital. Total assets have declined from ₹17 crore to ₹12 crore over two years, suggesting asset reduction without proportional equity recovery. The company appears to be financing operations through debt despite weak cash flows.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | +2 |
| Investing | +4 |
| Financing | -6 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 72.7% | 72.6% | 72.3% | 72.1% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 11.6% | 13.9% | 14.0% | 14.3% |
| # Shareholders | 491 | 736 | 743 | 732 |
Promoter holding has slightly declined from 72.72% to 72.09% over four quarters, with no FII or DII investment observed. The number of public shareholders has increased from 491 to 732, indicating retail interest but no institutional confidence. There are no signs of activist involvement or significant exits, but the lack of institutional accumulation raises concerns about confidence in recovery.
⚖️ Peer Comparison — Trading
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| ADANIENT | 3.88 L Cr | 44.4 | 10.9% | 9.1% | 1.09 |
| PREMIERENE | 46,028 | 27.3 | 50.0% | 59.3% | 0.67 |
| AEGISLOG | 42,841 | 34.2 | 24.6% | 24.4% | 0.40 |
| REDINGTON | 27,307 | 16.1 | 18.4% | 14.8% | 0.26 |
| HONASA | 15,413 | 61.8 | 28.3% | 21.1% | 0.00 |
| 504346 | 11,409 | — | -24.9% | -47.5% | 0.73 |
| LLOYDSENT | 10,901 | 35.5 | 7.0% | 5.7% | 0.17 |
| SGMART | 10,525 | 84.6 | 11.2% | 7.8% | 0.14 |
| MMTC | 9,344 | 20.9 | 42.4% | 26.3% | 0.00 |
| EBGNG | 7,412 | 52.6 | 31.3% | 62.9% | 1.92 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Persistent lack of revenue generation in most quarters raises sustainability concerns. 2) Negative operating margins and declining EPS suggest deteriorating profitability despite cost control. 3) High promoter leverage and negative equity increase financial and governance risks. 4) Absence of management guidance or strategic updates limits visibility into turnaround plans.
📋 Recent Filings
-
🟡 voting results 1 September 2026Sarthak Global Limited announced voting results from its 41st AGM held on 31 August 2026 via video conferencing, where both resolutions — adopting the...
-
🟡 Board Meeting 31 August 2026Sarthak Global held its 41st AGM on August 31, 2026 via video conference, with 26 shareholders participating remotely. Directors including Sunil Gangr...
🧠 Analyst's Read
Sarthak Global is undergoing a period of operational stagnation with no clear signs of recovery or reinvention. Without new revenue streams, strategic clarity, or institutional interest, the company remains a high-risk entity. Investors should monitor for any future business updates, margin improvement initiatives, or changes in capital structure that might signal a shift in trajectory.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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