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 ₹ 610 Cr.
- Current Price ₹ 345
- High / Low ₹ 355 / 147
- Stock P/E 49.6
- Book Value ₹ 62.5
- Dividend Yield 0.00 %
- ROCE 14.3 %
- ROE 11.8 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 5.53 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: | 89% |
| 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
-
General Updates
- NSE granted in-principle approval to list 20,10,259 preferential equity shares on September 11, 2026.
-
Shareholders meeting
- 17th AGM on 30 September 2026; approves financials and reappoints Mayuri Latkar, Aniket Latkar, and directors.
-
Appointment
- Board approved Mr. Aniket Vijay Latkar’s five-year reappointment as Chairman and Managing Director on 7 September 2026.
-
Outcome of Board Meeting
- Board approved preferential allotment of 20,10,259 shares at Rs 207, raising Rs 41.61 crore on Aug 21, 2026.
-
Appointment
- Board appointed Nandkumar Dhekne as Independent Director and Ravi Vartak as Whole-time Director on August 19, 2026.
Annual reports
Concalls
-
Dec 2025Transcript PPT
-
Jul 2025TranscriptAI SummaryPPT
-
Dec 2024Transcript PPT
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Jun 2024TranscriptPPT REC
-
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.