Suraksha Diagnostic Ltd.

•

surakshanet.comBSE: 544293NSE: SURAKSHA

Market Cap₹ 1,729 Cr.

Current Price

High / Low₹ 349 / 224

Stock P/E48.3

Book Value₹ 49

Price to Book6.36

Dividend Yield0.15 %

ROCE24.9 %

ROE15.9 %

Face Value₹ 2

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ABOUT

AI Sector View

AI GENERATED

Healthcare

Buy

This stance relies on proxies and positioning because no direct pharma-export or healthcare operating series exists in the dataset. The depreciated currency at 95.23 (Sep/26) can support export earnings, inflation at 4.45% (Jul/26) is manageable for a defensive sector, and consumer spending remains large at INR 44743 billion (Jun/26). Strong FPI inflow of INR 10620 crore over 3 months to 2026-08-31 from INR -11381 crore in the prior 3 months adds a real sector-specific tailwind, but confidence stays capped because the fundamental drivers are indirect proxies.

Confidence

50%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 40.0% YoY, showing strong momentum
Operating margins have improved to 32.5% from 22.6%
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.79x)

CONS

Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -13.9pp
Equity base is being diluted - shares outstanding up 51.0%
Stock is trading at 6.4x its book value
Though reporting repeated profits, the company pays out little dividend (0.0%)
Expensive relative to growth - PEG of 5.2

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

HealthcareHealthcareHospital & Healthcare Services

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	APOLLOHOSP	8670.00	59.66	124661.30	0.23	610.40	38.41	7043.50	20.56	21.73	15.70
2.	MANIPALHOS	729.75	107.57	95989.65	0.00	2434.30	—	30906.30	—	13.93	23.83
3.	MAXHEALTH	985.00	65.80	95867.73	0.20	322.96	4.87	2366.17	16.70	14.97	25.29
4.	FORTIS	910.00	65.56	68701.19	0.11	272.80	2.26	2545.03	17.46	14.07	21.28
5.	ASTERDM	785.80	214.94	68496.02	0.00	29.28	-68.70	1310.68	21.60	11.46	19.53
6.	MEDANTA	1468.85	71.01	39493.23	0.03	157.25	-1.09	1304.05	26.50	19.38	21.99
7.	NH	1859.10	46.55	37992.72	0.24	207.27	5.37	2683.63	78.05	16.20	17.43
8.	KIMS	764.15	157.10	32094.80	0.00	37.40	-56.00	1179.50	35.33	11.51	19.03
9.	LALPATHLAB	1874.90	58.07	31469.98	1.09	1705.00	1172.39	7977.00	1090.95	29.56	31.03
10.	AGARWALEYE	514.15	109.86	16299.90	0.00	550.20	1345.61	6140.20	1159.73	16.14	27.75
11.	VIJAYA	1496.35	82.20	15412.06	0.13	53.10	37.61	230.98	22.83	30.28	42.66
12.	SURAKSHA	331.90	48.29	1728.56	0.15	12.84	40.00	87.65	20.74	24.92	34.73

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60	52	55	61	67	60	65	73	79	78	81	88
	39	37	36	40	44	41	46	49	55	55	57	72
Operating Profit	21	15	19	21	23	18	19	24	24	23	24	15
OPM %	34.70%	29.54%	35.28%	33.92%	34.74%	30.67%	29.48%	32.72%	30.62%	29.81%	29.93%	17.61%
	1	1	0	1	1	1	1	1	1	1	1	1
Interest	2	2	2	2	2	2	2	3	3	3	4	4
Depreciation	8	8	8	9	9	9	9	9	10	11	11	11
Profit before Tax	11	6	9	11	14	8	9	12	12	10	10	17
Tax %	23.97%	27.01%	31.53%	27.12%	25.53%	25.59%	22.15%	26.38%	26.72%	28.03%	38.28%	22.27%
Net Profit	0	0	0	0	10	6	7	9	9	7	6	13
	1.58	0.87	1.22	1.49	1.94	1.18	1.42	1.80	1.73	1.44	1.21	2.50

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	70	99	157	140	223	190	219	252	325
	53	77	123	117	175	146	148	170	238
Operating Profit	17	22	34	23	48	44	71	82	87
OPM %	24.80%	22.24%	21.65%	16.15%	21.54%	23.37%	32.41%	32.50%	26.75%
	1	1	2	1	2	4	3	4	3
Interest	1	4	2	2	2	10	10	9	14
Depreciation	6	9	13	16	15	32	33	35	43
Profit before Tax	12	10	21	6	33	7	31	41	49
Tax %	34.69%	45.05%	27.61%	-0.96%	28.45%	10.12%	26.47%	25.18%	27.85%
Net Profit	8	5	15	6	24	6	23	31	35
EPS	0.00	0.00	178.00	75.00	278.47	1.22	342.40	6.11	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 10%
3 Years:: 4%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 16%
3 Years:: 10%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 10%

RETURN ON EQUITY

10 Years:: —
5 Years:: 11%
3 Years:: 11%
Last Year:: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	7	7	7	7	7	7	7	10
Minority Interest	0	0	0	0	0	-0	-0	-1
	41	47	111	118	141	147	171	201
	23	33	8	16	19	86	75	74
Trade Payables	13	10	13	13	14	14	14	14
	20	29	34	17	19	27	33	36
Total Liabilities	104	125	173	171	201	281	300	334
	73	91	128	119	119	195	212	223
Capital Work in Progress	0	0	0	0	1	2	1	10
	0	0	5	5	0	0	0	1
	2	4	5	4	6	6	7	8
	0	0	0	0	0	0	9	14
Cash & Bank	12	9	4	4	3	55	55	20
	16	21	30	38	71	22	17	58
Total Assets	104	125	173	171	201	281	300	334

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	22	16	38	25	47	51	60	63
Cash from Investing	-42	-26	-20	-28	-44	-21	-35	-40
Cash from Financing	17	10	-10	3	1	-24	-25	-24
	-6	-3	1	-1	-0	-1	0	-0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	109.61	79.69	220.48	93.26	344.20	94.43	342.40	6.11
Book Value (₹)	695.52	775.22	1712.46	1805.72	2149.92	2236.19	2576.52	40.52
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	190.66	212.72	403.02	320.97	562.91	546.90	807.60	12.73
PROFITABILITY
Operating Margin %	26.56%	23.45%	22.63%	17.13%	22.58%	25.23%	32.41%	32.50%
Net Margin %	10.77%	5.55%	9.66%	4.60%	10.64%	3.19%	10.57%	12.29%
ROE %	15.76%	10.84%	17.73%	5.30%	17.40%	4.01%	13.93%	15.93%
ROCE %	16.80%	16.12%	20.19%	6.04%	22.65%	9.62%	22.94%	24.92%
	7.30%	4.80%	10.20%	3.74%	12.78%	2.52%	7.96%	9.78%
EFFICIENCY
Debtor Days	14	13	12	16	11	12	11	16
Inventory Days	11	11	11	13	9	12	11	11
Payable Days	487	291	196	182	80	186	190	173
	-462	-266	-173	-153	-60	-162	-168	-146
FINANCIAL HEALTH
Debt to Equity (x)	0.58x	0.77x	0.10x	0.13x	0.13x	0.09x	0.05x	0.03x
Interest Coverage (x)	8.87x	3.46x	11.33x	4.35x	16.78x	1.71x	4.27x	5.56x
	0.84x	0.80x	0.83x	1.10x	0.78x	1.77x	1.84x	1.10x
GROWTH
Revenue Growth %	0.00%	41.20%	58.87%	-11.11%	59.42%	-14.81%	15.03%	15.26%
Operating Profit Growth %	0.00%	24.65%	53.35%	-32.70%	110.05%	-4.78%	55.14%	15.24%
Net Profit Growth %	0.00%	-27.30%	176.66%	-57.70%	269.06%	-74.46%	281.31%	33.95%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	262.58%	-98.22%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	42.19x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	6.36x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	-0.51x	15.49x

Shareholding Pattern

Numbers in percentages

	Mar 2022	Mar 2023	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	62.96	62.96	48.78	48.78	48.88	48.98	49.00	49.10	49.10
	0.00	0.00	15.39	14.46	13.95	13.73	13.46	13.46	13.47
	0.00	0.00	20.43	22.05	22.37	21.98	22.57	23.14	23.22
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	37.04	37.04	15.39	14.70	14.80	15.31	14.98	14.31	14.21

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-31

Copy of Newspaper Publication

2026-08-31 - Suraksha Diagnostic Limited has informed the Exchange about Copy of Newspaper Publication published today, i.e. on Monday, 31 August, 2026 with respect to the Notice of the 21st Annual General Meeting of the Company scheduled to be held on Tuesday, 22 September, 2026 and e-voting information.

2026-08-27

General Updates

2026-08-27 - Pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, a letter to those Members whose e-mail addresses are not registered with the Company/Registrar and Share Transfer Agent (RTA), i.e. KFin Technologies Limited/Depository Participants (DPs)/Depositories is being dispatched by the Company.

2026-08-27

Shareholders meeting

2026-08-27 - Notice of 21st Annual General Meeting to be held on September 22, 2026.

2026-08-25

Copy of Newspaper Publication

2026-08-25 - Suraksha Diagnostic Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-25

Copy of Newspaper Publication

2026-08-25 - Suraksha Diagnostic Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - Suraksha Diagnostic Limited has informed the Exchange about Transcript

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - Suraksha Diagnostic Limited has informed the Exchange about Transcript

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Suraksha Diagnostic Limited has informed the Exchange about Link of Recording

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Suraksha Diagnostic Limited has informed the Exchange about Link of Recording

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