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Suraksha Diagnostic Ltd (SURAKSHA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544293 NSE: SURAKSHA Hospital & Healthcare Services | Small Cap | Suraksha Diagnostic Share Price

₹271.30 3.15 (1.17%)

As on 02-Jul'26 16:59

Suraksha Diagnostic Ltd (SURAKSHA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544293 NSE: SURAKSHA Hospital & Healthcare Services | Small Cap | Suraksha Diagnostic Share Price

₹271.30 3.15 (1.17%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,413 Cr.
Current Price
₹271.3
52-Week Low / High
₹224 / 334
TTM EPS
₹6.2
TTM Sales
₹310 Cr.
Book Value per Share
₹47
P/E Ratio
43.90
Lower than its 5-year historical median
Industry PE
93.2
Price to Book (P/B)
5.77
Lower than its 5-year historical median
Price to Sales (P/S)
4.55
Lower than its 5-year historical median
EV/EBITDA
14.09
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
15.93%
Outperforms industry median
Return on Capital Employed (ROCE)
24.92%
Outperforms industry median
Return on Assets (ROA)
9.78%
Operating Profit Margin
32.6%
Net Profit Margin
12.29%
Gross Profit Margin
30.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
15.26%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
15.59%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
33.94%
Asset Quality
Promoter Holding
49.10%
Pledged shares (%) of Promoter's holding (%)
0.10%
Reserves
₹234 Cr.
Equity
₹10.4 Cr.
Face Value
₹2
All Time Low / High
₹224.10 / 449.00

Suraksha Diagnostic stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Suraksha Diagnostic Ltd a good quality company?
Suraksha Diagnostic Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Suraksha Diagnostic Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Suraksha Diagnostic Ltd vs industry peers?
Suraksha Diagnostic Ltd revenue CAGR is 9.86%, compared to the industry median CAGR of 1.38%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Suraksha Diagnostic Ltd?
Promoters hold 49.10% of the Suraksha Diagnostic Ltd, with 0.10% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Suraksha Diagnostic Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -6.73% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Suraksha Diagnostic Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'12Mar'13Mar'15Mar'16Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%0%16.8%16.1%20.2%6%22.7%9.6%22.9%24.9%-
Value Creation
Index
NANA0.20.20.4-0.60.6-0.30.60.8-

Growth Parameters

Sales 0070.299.1158140223190219252310
Sales YoY Gr.-NANA41.2%58.9%-11.1%59.4%-14.8%15%15.3%-
Adj EPS 00109.378.4217.5115.1358.5119.1372.16.16.2
YoY Gr.-NANA-28.3%177.3%-47.1%211.4%-66.8%212.4%-98.4%-
BVPS (₹) 00695.5775.21,712.51,805.72,149.92,236.22,576.540.547
Adj Net
Profit
007.55.4157.924.78.225.73232
Cash Flow from Ops. 0019.513.531.323.542.344.160.563.4-
Debt/CF from Ops. 001.53.10.40.70.50.30.10.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA9.9%4.1%15.3%
Adj EPS NA-51%-74.2%-98.4%
BVPSNA-52.7%-73.4%-98.4%
Share Price - - - -15.8%

Key Financial Parameters

Mar'12Mar'13Mar'15Mar'16Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0015.310.417.26.517.95.415.316.414.1
Op. Profit
Mgn %
0024.822.221.717.922.224.633.432.630.7
Net Profit
Mgn %
0010.75.59.55.711.14.111.512.410.4
Debt to
Equity
000.60.80.10.10.10.10.100
Working Cap
Days
000786910198102518138
Cash Conv.
Cycle
000-61-30-34-13-11-13-310

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7099157140223190219252
Operating Expenses + 5377123117175146148170
Manufacturing Costs5613538474961
Material Costs914212660272730
Employee Cost 1119322334404043
Other Costs 2739586343323136
Operating Profit 1722342348447182
Operating Profit Margin (%) 24.8%22.2%21.7%16.2%21.5%23.4%32.4%32.5%
Other Income + 11212444
Exceptional Items -000000-10
Interest 1422210109
Depreciation 69131615323335
Profit Before Tax 12102163373141
Tax 456-091810
Profit After Tax 851562462331
PAT Margin (%) 10.8%5.6%9.7%4.6%10.6%3.2%10.6%12.3%
Adjusted EPS (₹)109.679.7220.593.3344.294.4342.46.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%

Valuation of Suraksha Diagnostic - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4955120126150156179211
Share Capital 889999910
Reserves 4147111118141147171201
Debt +233381619853
Long Term Debt192981012853
Short Term Debt44077000
Minority Interest00000-0-0-1
Trade Payables1310131314141414
Others Liabilities 1928321618103101107
Total Liabilities 104125173171201281300334

Fixed Assets

Net Fixed Assets +7391128119119195212223
Gross Block88116194198211226274319
Accumulated Depreciation1524677992316296
CWIP 000012111
Investments 00550001
Inventories24546678
Trade Receivables356685914
Cash Equivalents 129443555520
Others Assets 1316243264181757
Total Assets 104125173171201281300334

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2013312442446063
PBT 12102163373141
Adjustment 612142116404143
Changes in Working Capital 4-63-3-25-4-10
Tax Paid -3-3-7-2-4-7-9-11
Cash Flow From Investing Activity + -42-26-20-28-44-21-35-40
Capex -40-27-16-15-19-13-43-42
Net Investments -4-9-3-5-27-115-1
Others 210-1-72334
Cash Flow From Financing Activity + 1710-1031-24-25-24
Net Proceeds from Shares 20000000
Net Proceeds from Borrowing 00000000
Interest Paid -1-4-2-2-2-1-1-1
Dividend Paid 00000000
Others 1614-953-23-24-23
Net Cash Flow -6-31-1-0-10-0

Financial Ratio

PARTICULARSMar'15Mar'16Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)15.7610.8417.735.317.44.0113.9315.93
ROCE (%)16.816.1220.196.0422.659.6222.9424.92
Asset Turnover Ratio0.680.871.060.811.20.790.750.8
PAT to CFO Conversion(x)2.52.62.0741.757.332.612.03
Working Capital Days
Receivable Days13.9013.3012.2015.6011.1011.8011.3016.40
Inventory Days11.1011.1010.8012.908.7011.9010.7010.70
Payable Days487.40290.80196.30181.6080185.90190.40173.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.10
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Suraksha Diagnostic Ltd FAQs

The current trading price of Suraksha Diagnostic on 02-Jul-2026 16:59 is ₹271.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Suraksha Diagnostic stood at ₹1,413 Cr

The latest P/E ratio of Suraksha Diagnostic as of 01-Jul-2026 is 41.48.

The latest P/B ratio of Suraksha Diagnostic as of 01-Jul-2026 is 5.66.

The 52-week high of Suraksha Diagnostic is ₹333.6 and the 52-week low is ₹224.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suraksha Diagnostic is ₹301 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Suraksha Diagnostic Ltd is a good quality company.

The key valuation ratios of Suraksha Diagnostic Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Suraksha Diagnostic Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Suraksha Diagnostic Ltd

Suraksha Diagnostic Limited was incorporated as ‘Suraksha Diagnostic Private Limited’ as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated March 15, 2005, issued by the Deputy Registrar of Companies, West Bengal at Kolkata (RoC). Subsequently, the company was converted into a public limited company pursuant to a special resolution passed in the extra-ordinary general meeting of its Shareholders held on June 5, 2024, and consequently, the name of the company was changed to ‘Suraksha Diagnostic Limited’, and a fresh certificate of incorporation dated July 16, 2024, was issued by the Registrar of Companies, Central Processing Centre.

The company offers one-stop integrated solutions for pathology and radiology testing and medical consultation services including X-rays, ultrasonography, computerized tomography, magnetic resonance imaging scans and vaccination services through its operational network, consisting of its flagship central reference laboratory, 8 satellite laboratories (co-located with its diagnostic centers) and 215 customer touchpoints which include 49 diagnostic centres, and 166 sample collection centres (primarily franchised), as of June 30, 2024 across the states of West Bengal, Bihar, Assam, and Meghalaya. It generates revenue primarily through sales of its diagnostic services. It also provides vaccination services, and a broad spectrum of customized test packages, aimed at prediction/early detection of diseases.

In addition to integrated pathology and radiology testing services, it also offers omnichannel medical consultation services via online and offline modes to its customers. The doctors at its polyclinics range across specialties and super-specialties such as cardiology, pediatrics, dermatology, rheumatology, oncology, and nephrology. Its model of polyclinic chambers housed in diagnostic centres providing medical consultation services enables patient convenience through holistic integration of services and offering it the first right to a patient’s prescription leading to higher cross-selling opportunities to the company. It derives the majority of its revenues from the B2C segment.

Business area of the company

The company is primarily engaged in the business of running diagnostic centres for carrying out various pathological and radiological services.

Diagnostic services of the company

  • Routine pathology tests
  • Specialized pathology tests
  • Basic and intermediate radiology tests
  • Advanced radiology tests
  • Preventive and wellness services

Awards, accreditations, and recognition

  • 2017: Best quality in service delivery awarded by ABP News.
  • 2019: Best customer service in healthcare awarded by ABP News. 
  • 2021: Business Leader of the Year organised by World Leadership Congress & Awards and certificate of excellence at the Health Conclave 2021 organised by Zee24 Ghanta.
  • 2022: Awarded the outstanding diagnostic chain of eastern Indian by ABP Ananda. 
  • 2023: Certificate of excellence in exemplary trust and commitment towards diagnostic services at the Health Conclave 2023 organised by Zee24 Ghanta.

History and milestones

  • 2007: Launched the first centre of the Company at Kestopur, West Bengal. 
  • 2010: Launched centre at Khardah, West Bengal and number of operating centres increased to 5. 
  • 2013: Received first round of funding of Rs 300 million from private equity investor Lighthouse Funds, through their investment entity India 2020 Limited. 
  • 2016: Number of laboratories increased to 4 and number of operating centres increased to 25. 
  • 2016: Received second round of funding of Rs 200 million from OrbiMed Asia II Mauritius FDI Investments Limited (since amalgamated into OrbiMed Asia II Mauritius Limited), and also marked the exit of the India 2020 Limited from the Company. 
  • 2017: Acquired the business of Sunwell Diagnostic Private Limited for a consideration of Rs 30 million. 
  • 2019: Expansion of its operations to Meghalaya through a public-private partnership with the Government of Meghalaya. 
  • 2020: Acquisition of 2 pre-existing diagnostic centres in Kolkata from Future Medical and Research Trust for a consideration of Rs 67 million. 
  • 2023: Established its first 3T MRI and 128 CT at New Town.

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