---
title: "Saakshi Medtech & Panels Ltd (SAAKSHI) — Share Price, Financials & Analysis"
symbol: "SAAKSHI"
company: "Saakshi Medtech & Panels Ltd"
canonical: "https://tapetide.com/stocks/SAAKSHI"
isin: "INE0PSK01027"
nse_symbol: "SAAKSHI"
sector: "Capital Goods"
industry: "Other Electrical Equipment"
market_cap_cr: 596.07
generated_at: "2026-09-13T19:07:24.264Z"
---

# Saakshi Medtech & Panels Ltd (SAAKSHI)

Canonical page: https://tapetide.com/stocks/SAAKSHI

## Company

- **NSE Symbol:** SAAKSHI
- **ISIN:** INE0PSK01027
- **Sector:** Capital Goods
- **Industry:** Other Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2023-10-03
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** smtpl.co

## About

Incorporated in 2009, Saakshi Medtech 
& Panels Ltd deals in Electrical Control 
 Panels, Medical X-Ray Systems, 
 Fabrication & Wire Harness[1]

## Latest Price

- **Price:** ₹345.4
- **Change:** -5 (-1.43%)
- **Open:** ₹352
- **Day High:** ₹355.45
- **Day Low:** ₹337.6
- **Previous Close:** ₹350.4
- **Volume:** 9000
- **As Of:** 2026-09-11T09:59:44+00:00

## Key Fundamentals

Observed at 2026-09-11T04:47:33.977015Z.

- **Market Cap:** ₹596.07 Cr
- **Classification:** SME
- **P/E (reported):** 50.3
- **Book Value:** ₹62.49
- **Price to Book:** 5.61
- **Dividend Yield:** 0%
- **ROE:** 4.8%
- **ROCE:** 6.2%
- **Debt to Equity:** 0.23
- **Revenue (yearly):** ₹93 Cr
- **Net Income:** ₹4.7 Cr
- **EBITDA:** ₹10.9 Cr
- **52-Week High:** ₹350.4
- **52-Week Low:** ₹147.4
- **RSI (14):** 75.02

## Tapetide Score

- **Score:** 50 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 47.7 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 66.78 | 9% |
| growth | 64.06 | 9% |
| momentum | 90.2 | 12% |
| ownership | 47.22 | 24% |
| quality | 69.1 | 22% |
| valuation | 27.47 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- 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

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -59.79% | -72.34% | 978.57% |
| ebitda margin growth | -29.77% | -30.93% | 11.75% |
| net income growth | -58.41% | 0% | 43% |
| revenue growth | -24.14% | -2% | 14% |
| roce | -58.83% | -82.03% | 21.78% |
| roe | -60.36% | 15.4% | -54.07% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 69 | 61 | 61 | 44 | 48 | 58 | 57 |
| Expenses | 57 | 52 | 50 | 38 | 44 | 48 | 46 |
| Operating Profit | 12 | 10 | 10 | 6 | 4 | 11 | 12 |
| OPM % | 17 | 16 | 17 | 15 | 8 | 18 | 20 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 | 0 | 0 | 0 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
| Profit before tax | 10 | 7 | 8 | 5 | 2 | 9 | 8 |
| Tax % | 26 | 23 | 25 | 28 | 30 | 25 | 28 |
| Net Profit | 7 | 6 | 6 | 3 | 1 | 7 | 6 |
| EPS in Rs | — | 3.14 | 3.4 | 1.95 | 0.71 | 3.76 | 3.21 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 61 | 60 | 92 | 122 | 122 | 92 | 116 |
| Expenses | 50 | 54 | 76 | 101 | 102 | 82 | 93 |
| Operating Profit | 11 | 6 | 16 | 21 | 20 | 10 | 22 |
| OPM % | 18 | 10 | 17 | 17 | 16 | 11 | 19 |
| Other Income | 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 |
| Net Profit | 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 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |
| Borrowings | 19 | 22 | 16 | 20 | 18 | 18 | 25 |
| Other Liabilities | 11 | 14 | 19 | 31 | 19 | 15 | 21 |
| Total Liabilities | 48 | 56 | 65 | 93 | 131 | 131 | 157 |
| Fixed Assets | 22 | 22 | 26 | 34 | 62 | 60 | 83 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 13 | 10 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 26 | 34 | 39 | 59 | 68 | 58 | 64 |
| Total Assets | 48 | 56 | 65 | 93 | 131 | 131 | 157 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 11 | 0 | 11 | 11 | 8 | 3 | 18 |
| Cash from Investing Activity | -6 | -1 | -5 | -11 | -31 | -15 | -25 |
| Cash from Financing Activity | -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

| Item | 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 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.63% | 73.63% | 73.63% | 73.63% | 73.63% | 73.63% | 73.89% | 74.82% | 74.82% |
| FIIs | 3% | 1.63% | 0% | 0% | 0% | 0% | 0% | 0.07% | 0.07% |
| DIIs | 0.07% | 3.73% | 0% | 0% | 0% | 0% | 0% | 0.3% | 0.27% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 11.18% | 17.88% | 22.07% | 22.6% | 22.64% | 22.37% | 20.77% | 21.17% | 21.3% |
| Others | 12.12% | 3.13% | 4.3% | 3.77% | 3.73% | 4% | 5.33% | 3.64% | 3.54% |
| No. of Shareholders | 1705 | 1358 | 1389 | 1780 | 1985 | 1914 | 1913 | 1642 | 1409 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 2 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 322.75 | Buy |
| EMA (10) | 326.02 | Buy |
| SMA (20) | 307.35 | Buy |
| EMA (20) | 313.89 | Buy |
| SMA (50) | 299.65 | Buy |
| EMA (50) | 297.95 | Buy |
| SMA (100) | 275.64 | Buy |
| EMA (100) | 275.92 | Buy |
| SMA (200) | 230.22 | Buy |
| EMA (200) | 244.82 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 70.98 | Sell |
| MACD (12,26,9) | 12.95 | Buy |
| Stochastic (14,3,3) | 91.06 | Sell |
| ADX (14) | 23.73 | Neutral |
| Williams %R (14) | -13.66 | Sell |
| ATR (14) | 14.73 | High Volatility |
| ROC (12) | 21.53 | Buy |
| Stoch RSI (14) | 86.56 | Sell |
| UO (7,14,28) | 72.07 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 June 2026 - NSE fined Rs 2,000 plus GST for Regulation 31 delay; company seeks waiver after March 2026 filing. | [General Updates 9 June 2026 - NSE fined Rs 2,000 plus GST for Regulation 31 delay; company seeks waiver after March 2026 filing.](https://nsearchives.nseindia.com/corporate/SAAKSHI_09062026184704_Saakshi_NSE_0906.pdf) |
| 8 Sep - 17th AGM on 30 September 2026; approves financials and reappoints Mayuri Latkar, Aniket Latkar, and directors. | [Shareholders meeting 8 Sep - 17th AGM on 30 September 2026; approves financials and reappoints Mayuri Latkar, Aniket Latkar, and directors.](https://nsearchives.nseindia.com/corporate/SAAKSHI_08092026170228_SMPL_AGM_Intimation_2526_upload.pdf) |
| 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. | [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.](https://nsearchives.nseindia.com/corporate/SAAKSHI_08052026172837_Saakshi_EOGM_Notic_0206.pdf) |
| 7 Sep - Board approved Mr. Aniket Vijay Latkar’s five-year reappointment as Chairman and Managing Director on 7 September 2026. | [Appointment 7 Sep - Board approved Mr. Aniket Vijay Latkar’s five-year reappointment as Chairman and Managing Director on 7 September 2026.](https://nsearchives.nseindia.com/corporate/SAAKSHI_07092026180745_Saakshi_Aniket_Latkar_signed.pdf) |
| 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. | [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.](https://nsearchives.nseindia.com/corporate/SAAKSHI_07052026202208_Saakshi_BM_Outcome_0705.pdf) |
| 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. | [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.](https://nsearchives.nseindia.com/corporate/SAAKSHI_07052026201618_Saakshi_Reg_30_signed.pdf) |
| 7 Aug - NSE granted in-principle approval for 20,22,940 preferential shares at Rs.207 each on August 6, 2026. | [Disclosure of material issue 7 Aug - NSE granted in-principle approval for 20,22,940 preferential shares at Rs.207 each on August 6, 2026.](https://nsearchives.nseindia.com/corporate/SAAKSHI_07082026115143_Saakshi_NSE_Inprincipal_Approval.pdf) |
| 4 June 2026 - EGM on 2 June 2026 approved authorized capital increase and preferential equity issue. | [Shareholders meeting 4 June 2026 - EGM on 2 June 2026 approved authorized capital increase and preferential equity issue.](https://nsearchives.nseindia.com/corporate/SAAKSHI_04062026143706_Saakshi_VR_upload.pdf) |
| 4 June 2026 - 2 June 2026 EGM approved increased authorised capital and preferential equity issue; both resolutions passed unanimously. | [Shareholders meeting 4 June 2026 - 2 June 2026 EGM approved increased authorised capital and preferential equity issue; both resolutions passed unanimously.](https://nsearchives.nseindia.com/corporate/SAAKSHI_04062026134626_Saakshi_SR_Upload.pdf) |
| 29 Jun - SDD compliance certificate filed for 1 April 2026 to 26 June 2026; no non-compliance reported. | [Structural Digital Database 29 Jun - SDD compliance certificate filed for 1 April 2026 to 26 June 2026; no non-compliance reported.](https://nsearchives.nseindia.com/corporate/SAAKSHI_29062026180715_Saakshi_SDD_2606_signed.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31881_SAAKSHI_2025_2026_A_5284386_08092026170646.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28742_SAAKSHI_2024_2025_A_36079933_06092025140226.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26076_SAAKSHI_2023_2024_0609202421113.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2024 | [Concall - Jun 2024](https://nsearchives.nseindia.com/corporate/SAAKSHI_05062024152832_SMTPLH22324final.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://nsearchives.nseindia.com/corporate/SAAKSHI_01072025154750_Saakshi_Investor_presentation_signed.pdf) |
| Dec 2024 | [Concall - Dec 2024](https://nsearchives.nseindia.com/corporate/SAAKSHI_16122024201336_Saakshi_Transcript_Final_Signed.pdf) |
| Dec 2023 | [Concall - Dec 2023](https://nsearchives.nseindia.com/corporate/SAAKSHI_03122023224816_Saakshitranscriptsigned.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:07:24.264Z.