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 ₹ 417 Cr.
- Current Price ₹ 236
- High / Low ₹ 276 / 133
- Stock P/E 33.9
- 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 3.78 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: | 70% |
| 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 | ||
| -6 | -1 | -5 | -11 | -31 | -15 | ||
| -3 | 2 | -7 | 2 | 36 | -1 | ||
| Net Cash Flow | 2 | 1 | -1 | 2 | 12 | -12 | |
| Free Cash Flow | 4 | -1 | 5 | -0 | -24 | -12 | |
| CFO/OP | 115% | 28% | 87% | 73% | 64% | 50% |
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 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Nov 2025 | |
|---|---|---|---|---|---|---|
| Revenue from Operations (Manufacturing) Rs. Cr |
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| Manufacturing Floor Area sq ft |
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| Number of Manufacturing Facilities Number |
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| Total Team Size Number |
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| Order Book - Mahindra EV Panels Remaining Rs. Cr |
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| R&D Engineers Number |
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Extracted by Screener AI
Documents
Announcements
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Outcome of Board Meeting
26 May 2026 - Board approved audited FY26 standalone results on May 26, 2026; profit rose to Rs 1,228.97 lakh.
-
Resignation
21 May 2026 - Mr. Vishvas Vinayak Palande resigned as Independent Director effective 20 May 2026.
-
Shareholders meeting
8 May 2026 - EOGM on 2 June 2026 to approve capital increase and 20,22,940-share preferential issue for acquiring 34.41% of Laxmi Engineering.
-
Outcome of Board Meeting
7 May 2026 - Board approved Rs41.87 crore preferential issue of 20,22,940 shares, capital hike to Rs25 crore, EGM on June 2, 2026.
-
General Updates
7 May 2026 - Board approved acquisition of 34.41% stake in Laxmi Engineering Industries Bhopal Pvt Ltd for ₹41.87 crore on May 7, 2026.
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.