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 ₹ 343 Cr.
- Current Price ₹ 194
- High / Low ₹ 218 / 118
- Stock P/E 43.5
- Book Value ₹ 59.3
- Dividend Yield 0.00 %
- ROCE 6.09 %
- ROE 4.92 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 8.57% over past five years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 69.0 to 86.4 days.
- Working capital days have increased from 84.2 days to 129 days
* 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
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 | TTM | |
|---|---|---|---|---|---|---|---|
| 61 | 60 | 92 | 122 | 122 | 92 | 106 | |
| 50 | 54 | 76 | 101 | 102 | 82 | 92 | |
| Operating Profit | 11 | 6 | 16 | 21 | 20 | 10 | 14 |
| OPM % | 18% | 10% | 17% | 17% | 16% | 11% | 14% |
| 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
| Interest | 2 | 1 | 1 | 1 | 2 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 3 | 4 | 4 | 4 |
| Profit before tax | 8 | 3 | 13 | 17 | 15 | 7 | 11 |
| Tax % | 24% | 33% | 26% | 25% | 24% | 28% | |
| 6 | 2 | 9 | 12 | 11 | 5 | 8 | |
| EPS in Rs | 6.41 | 2.67 | 4.47 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 0% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | -20% |
| TTM: | -17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 14% |
| Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 18 | 18 | 18 |
| Reserves | 15 | 18 | 27 | 40 | 76 | 80 | 87 |
| 19 | 22 | 16 | 20 | 18 | 18 | 24 | |
| 11 | 14 | 19 | 31 | 19 | 15 | 19 | |
| Total Liabilities | 48 | 56 | 65 | 93 | 131 | 131 | 148 |
| 22 | 22 | 26 | 34 | 62 | 60 | 76 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 13 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 26 | 34 | 39 | 59 | 68 | 58 | 62 | |
| Total Assets | 48 | 56 | 65 | 93 | 131 | 131 | 148 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 11 | 0 | 11 | 11 | 8 | 3 | |
| -6 | -1 | -5 | -11 | -31 | -15 | |
| -3 | 2 | -7 | 2 | 36 | -1 | |
| Net Cash Flow | 2 | 1 | -1 | 2 | 12 | -12 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 62 | 90 | 70 | 69 | 52 | 86 |
| Inventory Days | 74 | 95 | 81 | 109 | 102 | 129 |
| Days Payable | 73 | 97 | 83 | 93 | 43 | 50 |
| Cash Conversion Cycle | 63 | 88 | 67 | 84 | 110 | 165 |
| Working Capital Days | -5 | 7 | 30 | 36 | 88 | 129 |
| ROCE % | 12% | 32% | 33% | 19% | 6% |
Documents
Announcements
-
Reply to Clarification- Financial results
10 February 2026 - Re-submitted legible financial results and corrected XBRL for period ended 30 Sep 2025 (dated 05 Feb 2026).
-
Bagging/Receiving of orders/contracts
2 February 2026 - Approved as registered vendor; received long-term component processing contract from leading Indian conglomerate.
-
Outcome of Board Meeting
29 January 2026 - Resubmission of unaudited standalone results for half-year ended 30 September 2025; no changes.
-
Clarification - Financial Results
13 January 2026 - Exchange has sought clarification from Saakshi Medtech and Panels Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, …
-
Analysts/Institutional Investor Meet/Con. Call Updates
1 December 2025 - H1 FY26: revenue Rs58.31cr (+31%), net profit Rs6.63cr; new 41,000 sq ft facility; Rs250cr Mahindra order (Rs230cr pending).
Annual reports
Concalls
-
Dec 2025Transcript PPT
-
Jul 2025TranscriptAI SummaryPPT
-
Dec 2024Transcript PPT
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Jun 2024TranscriptAI SummaryPPT 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.