5
SMT Engineering
ADARSHMERCANTILELTD NSE
SMT Engineering
Commercial ServicesNSE: ADARSHMERCANTILELTD BSE: 538563 Trading & Distributors
Key Fundamentals
MicrocapTrading & DistributorsCommercial ServicesMarket Cap
₹621 Cr
Volatility
Moderate
P/E Ratio
24.4
EBITDA
₹40.50 Cr
Return on Equity
3.73%
Debt to Equity
0.68
Book Value
₹66.71
52W High
₹594.35
52W Low
₹46.43
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has delivered good profit growth of 155% CAGR over last 5 years
- Debtor days have improved from 258 to 76.6 days.
Weaknesses
4- Stock is trading at 5.17 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -7.42%
Growth Rate
Revenue Growth
669% higher than
3Y
Net Income Growth
987% higher than
3Y
Cash Flow Change
-282%
ROE
-116% lower than
3Y
ROCE
-116%
EBITDA Margin (Avg.)
93.4% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.01 | 0 | 0 | 2.55 | 0.46 | 0.11 | 0.37 | 20.09 | 27.13 | 34.13 | 26.88 | 74.1 | 30.93 |
| Expenses | 0.05 | 0.02 | -0.01 | 4.72 | 0.44 | 0.21 | 0.42 | 17.31 | 23.23 | 24.51 | 20.95 | 53.05 | 24.25 |
| Operating Profit | -0.04 | -0.02 | 0.01 | -2.17 | 0.02 | -0.1 | -0.05 | 2.78 | 3.9 | 9.62 | 5.93 | 21.05 | 6.68 |
| OPM % | -400% | — | — | -85.1% | 4.35% | -90.91% | -13.51% | 13.84% | 14.38% | 28.19% | 22.06% | 28.41% | 21.6% |
| Other Income | 1.82 | 0.47 | 0.35 | -2.02 | 0.02 | 0.19 | 0.1 | -0.19 | 0.11 | 0.05 | 0.04 | 0.28 | 0.32 |
| Interest | 0.06 | 0.06 | 0.06 | 0.05 | 0 | 0 | 0 | 0.06 | 0.67 | 0.86 | 1.6 | 1.22 | 1.65 |
| Depreciation | 0 | 0 | 0 | 0.02 | 0 | 0 | 0 | 0 | 0.21 | 0.23 | 0.25 | 0.32 | 0.41 |
| PBT | 1.72 | 0.39 | 0.3 | -4.26 | 0.04 | 0.09 | 0.05 | 2.53 | 3.13 | 8.58 | 4.12 | 19.79 | 4.94 |
| Tax % | 0% | 0% | 0% | -2.82% | 0% | 0% | 20% | 13.83% | 24.92% | 25.99% | 43.69% | 39.06% | 23.28% |
| Net Profit | 2.05 | 0.52 | 0.4 | -4.65 | 0.11 | 0.15 | 0.04 | 2.17 | 2.35 | 6.35 | 2.32 | 12.06 | 3.81 |
| EPS in Rs | 5.58 | 1.41 | 1.09 | -12.65 | 0.3 | 0.41 | 0.11 | 1.31 | 1.42 | 3.84 | 1.4 | 6.67 | 2.11 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 3 | 21 | 162 | 166 |
| Expenses | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 5 | 18 | 122 | 123 |
| Operating Profit | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | -2 | 3 | 40 | 43 |
| OPM % | 7% | 10% | 20% | 41% | 12% | -7% | 7% | 11% | 6% | -86% | 13% | 25% | 26% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 5 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| PBT | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | -2 | 3 | 36 | 37 |
| Tax % | 0% | 100% | 100% | 18% | — | 0% | 0% | 0% | 52% | -6% | 13% | 35% | — |
| Net Profit | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | -2 | 2 | 23 | 25 |
| EPS in Rs | 0.11 | 0 | -0.03 | 1.44 | -0.03 | -0.68 | -0.6 | 0.14 | -0.76 | -4.57 | 1.5 | 12.77 | 14.02 |
| Div. Payout % | 0% | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 17 | 18 |
| Reserves | 2 | 2 | 3 | 4 | 4 | 3 | 3 | 4 | 4 | 4 | 46 | 102 |
| Borrowings | 0 | 1 | 1 | 1 | 3 | 3 | 3 | 4 | 4 | 0 | 52 | 82 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 53 | 64 |
| Total Liabilities | 6 | 7 | 9 | 9 | 11 | 10 | 11 | 11 | 12 | 8 | 167 | 267 |
| Fixed Assets | 0 | 0 | 2 | 2 | 1 | 1 | 3 | 3 | 2 | 0 | 18 | 32 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 21 |
| Investments | 3 | 3 | 5 | 5 | 6 | 6 | 6 | 7 | 7 | 1 | 0 | 3 |
| Other Assets | 4 | 4 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 7 | 146 | 210 |
| Total Assets | 6 | 7 | 9 | 9 | 11 | 10 | 11 | 11 | 12 | 8 | 167 | 267 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -1 | 0 | 0 | 0 | -1 | 0 | 1 | 0 | 0 | -8 | -31 | -48 |
| Investing | 1 | 0 | 0 | 1 | -1 | 0 | -1 | 0 | 0 | 13 | 0 | -36 |
| Financing | 0 | 1 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | -4 | 53 | 61 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 22 | -24 |
| Free Cash Flow | 0 | 0 | -2 | -1 | 0 | 0 | 0 | 0 | 0 | -6 | -31 | -82 |
| CFO/OP | -518 | -840 | -33 | -26 | -980 | 160 | 1,812 | -291 | -133 | 370 | -1,093 | -106 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 5 | 8 | 91 | 117 | 270 | 0 | 186 | 328 | 370 | 77 |
| Inventory Days | 45 | 148 | 104 | 169 | 255 | 120 | 151 | 208 | 438 | 10 | 1,648 | 417 |
| Days Payable | 0 | 0 | 0 | 17 | 138 | 132 | 402 | 0 | 304 | 71 | 577 | 98 |
| Cash Conversion Cycle | 45 | 148 | 109 | 160 | 208 | 105 | 19 | 208 | 320 | 267 | 1,442 | 395 |
| Working Capital Days | 200 | 285 | 5 | -19 | -780 | 477 | 258 | 442 | 830 | 305 | 1,068 | 165 |
| ROCE % | — | 1% | 2% | 9% | 1% | 0% | 0% | 1% | 0% | -17% | 4% | 25% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view SMT Engineering insights
62 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
28 Apr - Company confirms non-applicability of large corporate debt disclosure for FY ended 31 March 2026. 28 Apr - Company confirms non-applicability of large corporate debt disclosure for FY ended 31 March 2026.
2
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
28 Apr - Company confirms non-applicability of large corporate debt disclosure for FY ended 31 March 2026. 28 Apr - Company confirms non-applicability of large corporate debt disclosure for FY ended 31 March 2026.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
17 Apr - Company confirms it is not a SEBI large corporate for FY2025. 17 Apr - Company confirms it is not a SEBI large corporate for FY2025.
4
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Submitted Regulation 74(5) dematerialisation certificate for quarter ended 31 March 2026. 8 Apr - Submitted Regulation 74(5) dematerialisation certificate for quarter ended 31 March 2026.
5
Disclosure Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011.
3 Apr - Submitted promoter disclosure under Regulation 31(4) for year ended 31 March 2026. 3 Apr - Submitted promoter disclosure under Regulation 31(4) for year ended 31 March 2026.
Frequently Asked Questions about SMT Engineering
What does SMT Engineering Ltd do?
Incorporated in 1984, SMT Engineering Ltd is a manufacturer of the Plastic Extrusion System[1]
Where is SMT Engineering Ltd (538563) listed?
SMT Engineering Ltd trades as ADARSHMERCANTILELTD on the NSE and under code 538563 on the BSE.
Which sector does SMT Engineering Ltd belong to?
SMT Engineering Ltd is classified under the Commercial Services sector, in the Trading & Distributors industry.
What is the market capitalisation of SMT Engineering Ltd?
SMT Engineering Ltd has a market capitalisation of ₹620.94 Cr, which places it in the Small Cap band.
What is the PE ratio of SMT Engineering Ltd?
SMT Engineering Ltd trades at a PE ratio of 24.40, against a book value of ₹66.71 per share.
What is the 52-week high and low of SMT Engineering Ltd?
Over the last 52 weeks SMT Engineering Ltd has traded between ₹46.43 and ₹594.35.
What is the Return on Equity (ROE) of SMT Engineering Ltd?
SMT Engineering Ltd reported a return on equity of 3.73%. Its debt-to-equity ratio is 0.68.
Company Information
Incorporated in 1984, SMT Engineering Ltd is a manufacturer of the Plastic Extrusion System[1]
Website smtel.in
Face Value ₹ 10
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