Sharat Industries Ltd (SHARTSEFOD) — share price & stock analysis

Market cap

₹584 Cr

P/E

35.7×

ROE

9.0%

vs own history (since 2023)

69th pctile

Book value / share

₹38.7

EPS (TTM)

₹4.2

10-yr median P/E

29.8×

Revenue (FY25)

₹381 Cr

Profit after tax (FY25)

₹10 Cr

Weinstein stage

Stage 2 (92 weeks)

Data as of

10 April 2026

4 of the 6 things we track are currently moving the right way — most of the dashboard is turning up.

Where the levels actually stand: ROCE 12% — decent; real debt (0.82× equity). Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.

The market has pre-paid for growth that hasn’t arrived yet

Since Aug 2023, the stock is up 243% while earnings per share grew 154%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/E of 35.7× is the middle of its own range against its own history since 2023 (69th percentile) — neither a bargain nor a stretch, by its own standards.pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (29.8×).

An uptrend that has held for 92 weeks

Every stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 2: advancing, 92 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹133 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 76 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Profits are at an all-time high

Over 3 years, sales went from ₹246 Cr to ₹381 Cr (about 16% a year), and profit from ₹3.0 Cr to ₹10.0 Cr.revenuenet_profit

Margins held steady throughout (5.7–7.6%) — disciplined growth.operating_profit

Sales exploded 48% last quarter — growth every single quarter for over 2 years

Dec 25 sales were ₹143 Cr, up 48% on the same quarter last year.revenue

That makes 8 quarters of growth in a row — this is a trend, not a blip.revenue

Margins are holding steady

Of every ₹100 of sales, the company keeps ₹6.7 as operating profit (a year ago it kept ₹8.1).opm_pct

The gross margin moved the same way (27% → 23%), so this is about input costs and pricing power — the raw-material equation worsened.gpm_pctopm_pct

Profit exploded 80% — mostly from selling more

Dec 25 profit after tax was ₹4.7 Cr, up 80% year on year.net_profit

A caution: a meaningful slice of this jump came from income outside the core business — that is lower-quality profit and may not repeat.other_income

The cash cycle is stretching — more money stuck in the pipeline

One rupee now takes about 168 days to go out the door as materials and come back as collected cash — up from 155 days the year before.cash_conversion_cycle

The biggest mover: customers taking longer to pay (68 → 93 days).debtor_days

No big build-out underway — growth must come from what already exists

The productive asset base has gone from ₹46.0 Cr (FY22) to ₹43.0 Cr, with another ₹2.0 Cr of capacity under construction right now.fixed_assetscwip

The build is self-funded: the last 3 years' investing outflow (₹16.0 Cr) fits inside the operating cash the business generated (₹17.0 Cr).investing_cash_flowoperating_cash_flow

Carrying real debt

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹82 — total borrowings have grown from ₹89.0 Cr to ₹113 Cr over the window.borrowings

A Sep 24 event lifted promoter holding — not steady buying

Promoters hold 44.4% (up 5.4 points over 8 quarters). Foreign funds own 0.0%, domestic funds 0.2%.promoters_pctfiis_pctdiis_pct

The promoter move came in a single step (Sep 24) — promoters rarely buy on-market, so a jump like this is almost always an allotment, infusion or restructuring: a capital event, not a slow accumulation of conviction. Worth knowing which, before reading it as a signal.promoters_pct

A good business — the question is the price

The numbers are genuinely mixed, and the price already assumes the good news continues.

Best thing in the data: profit rising (₹2.6 Cr → ₹4.7 Cr).net_profit

Biggest worry: free cash flow falling (₹11.0 Cr → ₹−4.0 Cr).operating_cash_flow

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data