Suraksha Diagnostic Ltd
Incorporated in 2005, Suraksha Diagnostic offers an integrated pathology, radiology testing, and medical consultancy services solution.[1]
- Market Cap ₹ 1,856 Cr.
- Current Price ₹ 356
- High / Low ₹ 384 / 224
- Stock P/E 43.4
- Book Value ₹ 53.3
- Dividend Yield 0.14 %
- ROCE 17.8 %
- ROE 14.8 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 33.2% CAGR over last 5 years
Cons
* 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
Healthcare Healthcare Healthcare Services Healthcare Service Provider
Part of BSE Healthcare
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 132 | 151 | 158 | 140 | 223 | 190 | 219 | 249 | 301 | 333 | |
| Sales growth | +14% | +4% | -11% | +59% | -15% | +15% | +14% | +21% | +24% | |
| 105 | 115 | 123 | 115 | 175 | 142 | 144 | 166 | 205 | 223 | |
| Operating Profit | 27 | 36 | 34 | 25 | 48 | 48 | 74 | 84 | 96 | 110 |
| OPM % | 20% | 24% | 22% | 18% | 22% | 25% | 34% | 34% | 32% | 33% |
| 1 | 1 | 2 | -1 | 2 | 1 | 1 | 4 | 4 | 6 | |
| Interest | 4 | 2 | 2 | 2 | 2 | 10 | 10 | 9 | 13 | 15 |
| Depreciation | 12 | 12 | 13 | 16 | 15 | 32 | 33 | 35 | 40 | 43 |
| Profit before tax | 12 | 23 | 21 | 6 | 33 | 8 | 33 | 44 | 47 | 57 |
| Tax % | 28% | 17% | 28% | -1% | 28% | 9% | 25% | 24% | 28% | |
| 9 | 19 | 15 | 6 | 24 | 7 | 24 | 33 | 34 | 43 | |
| EPS in Rs | 2.08 | 4.42 | 3.53 | 1.50 | 5.51 | 1.67 | 5.66 | 6.42 | 6.54 | 8.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 17% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 59% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 14% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 16% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 10 | 10 | 10 |
| Reserves | 79 | 96 | 111 | 118 | 141 | 148 | 172 | 204 | 239 | 267 |
| 27 | 22 | 13 | 18 | 21 | 99 | 92 | 89 | 128 | 153 | |
| 33 | 43 | 42 | 28 | 32 | 29 | 30 | 30 | 72 | 87 | |
| Total Liabilities | 145 | 168 | 173 | 171 | 201 | 282 | 302 | 333 | 450 | 518 |
| 96 | 127 | 128 | 119 | 119 | 195 | 211 | 215 | 284 | 350 | |
| CWIP | 6 | 0 | 0 | 0 | 1 | 2 | 1 | 6 | 37 | 17 |
| Investments | 10 | 2 | 5 | 6 | 0 | 0 | 1 | 3 | 6 | 7 |
| 33 | 38 | 39 | 46 | 80 | 84 | 88 | 109 | 123 | 145 | |
| Total Assets | 145 | 168 | 173 | 171 | 201 | 282 | 302 | 333 | 450 | 518 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 31 | 24 | 42 | 45 | 61 | 63 | 80 | |||
| -20 | -28 | -44 | -22 | -35 | -39 | -51 | |||
| -10 | 3 | 1 | -24 | -26 | -24 | -28 | |||
| Net Cash Flow | 1 | -1 | -0 | -1 | 0 | -1 | 1 | ||
| Free Cash Flow | 15 | 5 | 24 | 32 | 22 | 28 | 30 | ||
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 111% | 100% | 97% | 109% | 94% | 88% | 97% |
Ratios
Standalone / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 14 | 16 | 14 | 16 | 12 | 9 | 15 | 22 | 30 |
| Inventory Days | 90 | 107 | 93 | 62 | 38 | 81 | 89 | 101 | 82 |
| Days Payable | 256 | 176 | 227 | 177 | 84 | 184 | 192 | 176 | 196 |
| Cash Conversion Cycle | -151 | -54 | -120 | -99 | -34 | -95 | -88 | -53 | -84 |
| Working Capital Days | -9 | 6 | -35 | -19 | -15 | -48 | -36 | -14 | -23 |
| ROCE % | 21% | 18% | 8% | 23% | 9% | 17% | 18% | 18% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Number of Collection Centres Number |
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| Number of Diagnostic Centres Number |
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| Number of Doctors (Radiologist & Pathologist) Number |
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| Number of Imaging Machines (MRI + CT) Number |
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| Number of Laboratories Number |
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| Number of Patients Served Million patients |
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| Number of Tests per Patient Tests per patient |
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| Number of Tests Performed Million tests |
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Extracted by Screener AI
Documents
Announcements
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Corrigendum To The Press Release -Interview Published In The Times Of India Dated November 11, 2026, Regarding Financial Performance For The Quarter And Half Year Ended September 30, 2026.
- Corrigendum revises headline to total income over ₹100 crore and Q2 net profit to ₹15 crore.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication of Unaudited(Standalone and Consolidated) Financial Result of the Company for the Quarter and half year ended 30 September 2026
- Results-Financial Results For Quarter And Half Year Ended 30 September 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Suraksha Diagnostic reported Q2 and H1 FY27 results; PAT rose 69% in Q2 and 54% in H1.
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Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. 10Th November 2026
- Board approved unaudited standalone and consolidated results for Q2 and half year ended September 30, 2026.
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Dec 2024Transcript PPT
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Dec 2024PPT
Business Model:[1][2][3]
a) Integrated Services:
Offers a one-stop solution for pathology, radiology, and medical consultancy services.
b) Comprehensive Testing:
Provides 1,000+ pathology tests and 450+ radiology tests.
c) Hub and Spoke Model:
Operates through 1 Central Reference Lab, 7 Satellite Labs (co-located with hub centres), 16 Hub Centres, and 46 Spoke Centres (34 Small, 12 Medium, 6 PPP), with 193 Collection Centres and 4 Company Owned Collection Centres.
d) Omni-channel Consultation:
Combines online and offline medical consultation services, leveraging its polyclinics with 1,000+ doctors.
e) B2C-Focused Revenue Model:
Primarily serves individual patients,
with some revenue from B2B contracts.