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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  Estd 2006 Corporate Strategy  |  AI Pivot & Power Infrastructure Reliance Power's AI Pivot (₹25.10): Rebranding, ₹9,000 Cr Capital, and a Policy Tailwind Arriving Right on Cue Four renamed subsidiaries. A ₹9,000 crore fundraise. And a state government simultaneously building the exact demand this pivot is betting on. On June 30, 2026, Reliance Power quietly filed one of the more consequential corporate-identity shifts in the Indian power sector this year. Four of its subsidiaries were renamed Reliance AI Green Power, Reliance AI Power, Reliance AI Data Control, and Reliance AI Data C — and the company formally added artificial intelligence and technology-enabled services to its business objects. This was not a data-centre announcement or a customer contract. It was...
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 Today's Call 

Buy the shares of Sarthak Industries Ltd (Rs.23.91) for targets of Rs.31/37. 

Introduction: Incorporated in 1982, Sarthak Industries Ltd is engaged in manufacturing and repairing of LPG Cylinders and merchant trading of agri-commodities, mining and mineral based industry on opportunity basis.

Product & Services:

a) Industrial and household liquefied petroleum gas (LPG) cylinders of different weights

b) Trading of agro-commodities like vanaspati ghee, wheat, chana, Masoor, etc.

Manufacturing Unit:

Company's unit is located at Pithampur with a manufacturing capacity of 7 lacs cylinders per annum.

Clientele:

Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd., Bharat Petroleum Corporation Ltd. and also to private companies.

Revenue Breakup:

In Q1FY25 company generated revenue mainly from sale of LPG cylinders Rs.6.79 crore and Trading Business Rs.89 lakhs.

Source: Screener.

Financials:

The reported Standalone quarterly numbers for Sarthak Industries are:

Net Sales of the company came at Rs.7.62 crore in June 2024 down marginally by 2.29% from Rs. 7.80 crore in June 2023.

Quarterly Net Profit was seen at Rs.0.25 crore in June 2024 up a whooping 939.51% from Rs.0.02 crore in June 2023.

The EBITDA stood at Rs.0.57 crore in June 2024 up 72.73% from Rs.0.33 crore in June 2023.

Source: Money control.com.

Consolidated Numbers:

On consolidated basis, the total income of the company for the June, 2024 quarter came at Rs.8.44 crore Vs Rs.7.19 crore in Q4FY24 and Rs.8.67 crore in June, 2023 quarter.

The net profit of the company came at Rs.25.26 lakhs against Rs.2.43 lakhs in June, 2023 quarter and Rs.7.96 lakhs in the March, 2024 quarter, showing a significant improvement in the Bottomline.

Total Comprehensive Income for the June, 2024 quarter: Rs.26.98 lakhs Vs Rs.15.63 lakhs in March, 2024 and Rs.11.94 lakhs in the June, 2023 quarter on an equity capital of Rs.9.29 crore.

Reserves (excluding revaluation reserves): Rs.30.92 crore, which is more than 3 times its equity capital.


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