Saakshi Medtech & Panels Ltd
Incorporated in 2009, Saakshi Medtech
& Panels Ltd deals in Electrical Control
Panels, Medical X-Ray Systems,
Fabrication & Wire Harness[1]
- Market Cap ₹ 530 Cr.
- Current Price ₹ 300
- High / Low ₹ 331 / 147
- Stock P/E 43.1
- Book Value ₹ 62.5
- Dividend Yield 0.00 %
- ROCE 14.3 %
- ROE 11.8 %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 0.93% over last quarter.
Cons
- Stock is trading at 4.80 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 10.6% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 61 | 60 | 92 | 122 | 122 | 92 | 116 | |
| 50 | 54 | 76 | 101 | 102 | 82 | 93 | |
| Operating Profit | 11 | 6 | 16 | 21 | 20 | 10 | 22 |
| OPM % | 18% | 10% | 17% | 17% | 16% | 11% | 19% |
| 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
| Interest | 2 | 1 | 1 | 1 | 2 | 0 | 1 |
| Depreciation | 2 | 2 | 2 | 3 | 4 | 4 | 5 |
| Profit before tax | 8 | 3 | 13 | 17 | 15 | 7 | 17 |
| Tax % | 24% | 33% | 26% | 25% | 24% | 28% | 26% |
| 6 | 2 | 9 | 12 | 11 | 5 | 12 | |
| EPS in Rs | 6.41 | 2.67 | 6.96 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | -2% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 0% |
| TTM: | 161% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 50% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 11% |
| Last Year: | 12% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 18 | 18 | 18 |
| Reserves | 15 | 18 | 27 | 40 | 76 | 80 | 93 |
| 19 | 22 | 16 | 20 | 18 | 18 | 25 | |
| 11 | 14 | 19 | 31 | 19 | 15 | 21 | |
| Total Liabilities | 48 | 56 | 65 | 93 | 131 | 131 | 157 |
| 22 | 22 | 26 | 34 | 62 | 60 | 83 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 13 | 10 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 26 | 34 | 39 | 59 | 68 | 58 | 64 | |
| Total Assets | 48 | 56 | 65 | 93 | 131 | 131 | 157 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 11 | 0 | 11 | 11 | 8 | 3 | 18 | |
| -6 | -1 | -5 | -11 | -31 | -15 | -25 | |
| -3 | 2 | -7 | 2 | 36 | -1 | 6 | |
| Net Cash Flow | 2 | 1 | -1 | 2 | 12 | -12 | -1 |
| Free Cash Flow | 4 | -1 | 5 | -0 | -24 | -12 | -8 |
| CFO/OP | 115% | 28% | 87% | 73% | 64% | 50% | 100% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 62 | 90 | 70 | 69 | 52 | 86 | 83 |
| Inventory Days | 74 | 95 | 81 | 109 | 102 | 129 | 122 |
| Days Payable | 73 | 97 | 83 | 93 | 43 | 50 | 60 |
| Cash Conversion Cycle | 63 | 88 | 67 | 84 | 110 | 165 | 144 |
| Working Capital Days | -5 | 7 | 30 | 36 | 88 | 129 | 94 |
| ROCE % | 12% | 32% | 33% | 19% | 6% | 14% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|
| Revenue mix: Engineered Metal Assemblies (Fabrication) % of revenue |
|
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| Revenue mix: Integrated Control Systems & EV Solutions % of revenue |
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| Export revenue share % of revenue |
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| Manufacturing facility area sq ft |
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| Order book (pending execution) Rs Cr |
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Extracted by Screener AI
Documents
Announcements
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Structural Digital Database
29 June 2026 - SDD compliance certificate filed for 1 April 2026 to 26 June 2026; no non-compliance reported.
-
General Updates
22 June 2026 - June 22, 2026 corrigendum fixes allottee names and PESB Alpha Fund UBO; issue terms unchanged.
-
General Updates
10 June 2026 - Saakshi Medtech and Panels Limited has informed about General Updates on Board comments on the fines levied by the exchange.
-
General Updates
9 June 2026 - NSE fined Rs 2,000 plus GST for Regulation 31 delay; company seeks waiver after March 2026 filing.
-
Shareholders meeting
4 June 2026 - EGM on 2 June 2026 approved authorized capital increase and preferential equity issue.
Annual reports
Concalls
-
Dec 2025Transcript PPT
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Jul 2025TranscriptAI SummaryPPT
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Dec 2024Transcript PPT
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Jun 2024TranscriptPPT REC
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Dec 2023Transcript PPT
Business Overview:[1]
SMPL is engaged in manufacturing Electrical Control Panels & Cabinets, Medical X-Ray Systems, Fabrication & Wire Harness. It caters to OEM’s in various segments like Oil & Gas, Aviation, Renewables, Healthcare, Locomotives, etc.