Suraksha Diagnostic Ltd
Incorporated in 2005, Suraksha Diagnostic offers an integrated pathology, radiology testing, and medical consultancy services solution.[1]
- Market Cap ₹ 1,462 Cr.
- Current Price ₹ 281
- High / Low ₹ 446 / 231
- Stock P/E 45.8
- Book Value ₹ 44.2
- Dividend Yield 0.00 %
- ROCE 17.8 %
- ROE 16.5 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 6.35 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 9.86% over past five years.
- Company has a low return on equity of 12.8% over last 3 years.
* 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 BSE SmallCap BSE IPO BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 158 | 140 | 223 | 190 | 219 | 252 | 276 | |
| 123 | 115 | 175 | 143 | 146 | 170 | 191 | |
| Operating Profit | 34 | 25 | 48 | 47 | 73 | 82 | 85 |
| OPM % | 22% | 18% | 22% | 25% | 33% | 33% | 31% |
| 2 | -1 | 2 | 1 | 1 | 4 | 3 | |
| Interest | 2 | 2 | 2 | 10 | 10 | 9 | 10 |
| Depreciation | 13 | 16 | 15 | 32 | 33 | 35 | 37 |
| Profit before tax | 21 | 6 | 33 | 7 | 31 | 41 | 42 |
| Tax % | 28% | -1% | 28% | 10% | 26% | 25% | |
| 15 | 6 | 24 | 6 | 23 | 31 | 31 | |
| EPS in Rs | 220.43 | 93.33 | 344.20 | 94.49 | 342.46 | 6.11 | 6.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 4% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 10% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 13% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 10 | 10 |
| Reserves | 111 | 118 | 141 | 147 | 171 | 201 | 220 |
| 13 | 18 | 21 | 99 | 92 | 89 | 118 | |
| 42 | 28 | 32 | 28 | 30 | 33 | 32 | |
| Total Liabilities | 173 | 171 | 201 | 281 | 300 | 334 | 380 |
| 128 | 119 | 119 | 195 | 212 | 223 | 277 | |
| CWIP | 0 | 0 | 1 | 2 | 1 | 11 | 2 |
| Investments | 5 | 5 | 0 | 0 | 0 | 1 | 0 |
| 39 | 46 | 80 | 84 | 87 | 99 | 101 | |
| Total Assets | 173 | 171 | 201 | 281 | 300 | 334 | 380 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 31 | 24 | 42 | 44 | 60 | 63 | |
| -20 | -28 | -44 | -21 | -35 | -40 | |
| -10 | 3 | 1 | -24 | -25 | -24 | |
| Net Cash Flow | 1 | -1 | -0 | -1 | 0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 14 | 16 | 12 | 9 | 15 | 20 |
| Inventory Days | 93 | 62 | 38 | 82 | 89 | 100 |
| Days Payable | 227 | 177 | 84 | 187 | 193 | 169 |
| Cash Conversion Cycle | -120 | -99 | -34 | -96 | -89 | -49 |
| Working Capital Days | -35 | -19 | -15 | -49 | -37 | -23 |
| ROCE % | 8% | 23% | 9% | 17% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 Dec - Of Schedule of Analysts / Institutional Investors / Organisations meet
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
14 Nov - Transcript of the Earnings Call held on Tuesday, 11 November 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
11 Nov - Audio of 11 Nov 2025 earnings call (Q2 FY26) available on company website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Newspaper publication of unaudited (standalone and consolidated) financial results of the Company for the quarter and six months ended 30 September 2025
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 Nov - H1 FY26 total income ₹1,530.72m (+17.8%); Q2 revenue ₹795.80m (+16.9%); H1 PAT ₹180.03m.
Concalls
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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 2024TranscriptAI SummaryPPT
Business Model[1][2]
a) Integrated Services: Offers a one-stop solution for pathology, radiology, and medical consultancy services.
b) Comprehensive Testing: Provides 2,300+ diagnostic tests, ranging from routine pathology to advanced radiology.
c) Hub and Spoke Model: Operates through a central reference lab, 8 satellite labs, and a network of diagnostic and collection centers for efficient sample processing and service delivery.
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.