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Sahajanand Medical Technologies Ltd (SMT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 545001 NSE: SMT Medical Equipment/Supplies/Accessories | Small Cap | Sahajanand Medical Share Price

BSE Share Price
Not Listed

Sahajanand Medical Technologies Ltd (SMT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 545001 NSE: SMT Medical Equipment/Supplies/Accessories | Small Cap | Sahajanand Medical Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹0 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹0
TTM Sales
₹0 Cr.
Book Value per Share
₹1
P/E Ratio
0.00
Industry PE
118.4
Price to Book (P/B)
0.00
Price to Sales (P/S)
0.00
EV/EBITDA
0.00
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
11.48%
Return on Capital Employed (ROCE)
11.93%
Return on Assets (ROA)
6.05%
Operating Profit Margin
13.9%
Net Profit Margin
5.71%
Gross Profit Margin
12%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.83%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
22.88%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
174.67%
Asset Quality
Promoter Holding
%
Pledged shares (%) of Promoter's holding (%)
%
Reserves
-
Equity
₹8.9 Cr.
Face Value
₹1
All Time Low / High
- / -

Sahajanand Medical Technologies stock performance

Key Ratios
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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.

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ36.5%10.1%28.9%16.4%12.2%4.5%3.5%7.9%0.7%1.1%-
Value Creation
Index ⓘ
1.6-0.31.10.2-0.1-0.7NANANANA-

Growth Parameters ⓘ

Sales ⓘ101134206328429403439436474530403
Sales YoY Gr.-33.7%53%59.3%30.9%-6.2%9.1%-0.7%8.7%11.8%-
Adj EPS ⓘ3.32.444.74.41.51.41.8-3.50.6-1.2
YoY Gr.--28%66.5%16.8%-5.6%-65.2%-10.5%33.6%-288.5%NA-
BVPS (₹) ⓘ916.134.644.849.448.355.36862.160.948.3
Adj Net
Profit ⓘ
16.41432.141.43913.612.717.8-33.65.5-10
Cash Flow from Ops. ⓘ11.5-6.1-15.3-43-4.11063474.525.612.6-
Debt/CF from Ops. ⓘ2.5-5.7-0.8-1.4-18.70.31.50.53.113.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ20.3%4.3%6.5%11.8%
Adj EPS ⓘ-17.9%-33.8%-25.8%NA
BVPSⓘ23.6%4.3%3.3%-2%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ
45.120.117.212.29.33.12.62.9-5.10.9-2.1
Op. Profit
Mgn % ⓘ
29.814.627.418.91414.59134.96NAN
Net Profit
Mgn % ⓘ
16.310.415.612.69.13.42.94.1-7.11-2.6
Debt to
Equity ⓘ
0.70.400.20.20.10.10.10.10.3-
Working Cap
Days ⓘ
2262282522643194103333082392180
Cash Conv.
Cycle ⓘ
1671801881881781711261391441280

Valuation of Sahajanand Medical - 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!

Management X-Ray

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales135.76208.16326.12479.91588.52689.58795.55901.601,024.881,210.50
Operating Expenses ⓘ + 119.86158.16263.93424.18540.72648.86684.78791.56898.331,055
Manufacturing Costs28.2726.3361.2586.3582.8786.8477.0368.4555.4974.40
Material Costs16.1715.8549.27114.74158.21177.56194.15231.79250.40293.98
Employee Cost 27.9545.3054.81100.92135.97192.55211.71253.94292.34351.79
Other Costs ⓘ 47.4770.6698.60122.18163.68191.91201.89237.37300.10334.82
Operating Profit ⓘ 15.905062.1955.7347.8040.71110.77110.05126.55155.51
Operating Profit Margin (%) 11.7%24.0%19.1%11.6%8.1%5.9%13.9%12.2%12.3%12.8%
Other Income ⓘ + 0.755.759.8310.403.443.857.736.9912.5623.37
Exceptional Items ⓘ -5.55500-40.74-14.9700-15.030
Interest ⓘ 3.194.476.438.6820.3722.2432.4419.4420.7324.43
Depreciation ⓘ 4.626.7910.4419.5935.4237.7454.7764.5062.5374.16
Profit Before Tax ⓘ 3.2949.4955.1537.85-45.29-30.3831.3033.0940.8180.29
Tax ⓘ -3.2019.3311.8512.4227.0518.4119.3740.4515.6611.21
Profit After Tax 6.4930.1643.3025.44-72.34-48.7911.93-7.3525.1569.08
PAT Margin (%) 4.8%14.5%13.3%5.3%-12.3%-7.1%1.5%-0.8%2.5%5.7%
Adjusted EPS (₹)1.13.74.92.8-8.1-5.50.8-1.32.16.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 91.15267.90389.18417.92333.57377.80528.54514.75538.17665.61
Share Capital ⓘ 5.888.078.898.898.899.249.759.759.769.81
Reserves ⓘ 85.27259.83380.29409.03324.68368.57518.80505.01528.41655.80
Debt +31.7720.4364.4982.45293.22142.41104.70148.09204.29253.94
Long Term Debt2.9410.587.512.16261.6782.1256.9130.1035.8349.48
Short Term Debt28.839.8556.9880.2931.5560.2947.79117.99168.46204.46
Minority Interest00014.712.9318.0219.7826.2324.746.83
Trade Payables7.5614.3927.2369.68109.05103.5696.7282.14103.99110.52
Others Liabilities ⓘ 6.9920.3524.3337.52100.50353.14181.68177.44185.55189.47
Total Liabilities ⓘ 137.47323.07505.23622.26849.26994.94931.42948.661,056.731,226.38

Fixed Assets

Net Fixed Assets ⓘ +21.8637.5450.68103.12203.40207.24320.18296.40288.20343.40
Gross Block57.7578.9464.40133.32264.67302.83465.51498.06540.17671.60
Accumulated Depreciation35.8941.3913.7230.2061.2795.59145.33201.66251.97328.20
CWIP ⓘ 0.9900.2728.6459.81122.333.1113.446.319.01
Investments ⓘ 20.09000001.776.304.9258.55
Inventories20.7052.6680.56115.99142.51160.45203.21252.26266.85309.09
Trade Receivables60.1994.69149.90228.16255.19236.17221.73215.17263.48286.26
Cash Equivalents 4.41112.86174.5867.26144.91174.4162.3973.53101.8475.49
Others Assets ⓘ 9.2425.3149.2579.0943.4594.33119.0491.55125.13144.59
Total Assets ⓘ 137.47323.07505.23622.26849.26994.94931.42948.661,056.731,226.38
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -2.89-22.72-38.59-13.1546.3516.8445.6341.1073.52105.19
PBT ⓘ 3.2949.4955.1537.85-45.29-30.3831.3033.0940.8180.29
Adjustment ⓘ 14.748.7512.7120.8194.67110.98103.0999.6398.2287.84
Changes in Working Capital ⓘ -14.73-73.77-81.68-57.887.31-39.32-63.6-72.62-29.7-33.57
Tax Paid ⓘ -6.18-7.20-24.76-13.93-10.34-24.44-25.16-19-35.81-29.37
Cash Flow From Investing Activity ⓘ + -36.67-108.87-74.9519-186.51-154.66101.29-42.47-48.94-130.03
Capex -13.83-21.15-28.02-53.38-28.33-92.69-22.89-39.31-47.72-88.38
Net Investments 00-55.76113.8313.46-64.30122.41-4.52-1.10-45.07
Others ⓘ -22.84-87.718.82-41.45-171.642.321.771.36-0.123.41
Cash Flow From Financing Activity ⓘ + 39.14131.92119.924.74211.71108.87-172.0313.135.77-12.04
Net Proceeds from Shares ⓘ 40147.5778.700082130.03000.96
Net Proceeds from Borrowing ⓘ 000-6.97285.9937.81-246.73-30.66-0.636.67
Interest Paid ⓘ -3.18-3.320-7.91-19.64-14.98-30.05-18.36-19.85-23.15
Dividend Paid ⓘ 000000-1.940-3.670
Others ⓘ 2.32-12.3341.2219.62-54.644.04-23.3362.1529.923.48
Net Cash Flow ⓘ -0.420.336.3710.5971.55-28.96-25.1111.7630.35-36.88
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)7.1216.813.186.3-19.25-13.722.77-1.414.7811.48
ROCE (%)5.1625.9816.459.62-4.25-1.129.447.58.1711.93
Asset Turnover Ratio0.990.90.790.850.80.810.951.041.081.13
PAT to CFO Conversion(x)-0.45-0.75-0.89-0.52N/AN/A3.82N/A2.921.52
Working Capital Days
Receivable Days161.80135.80136.90143.80149.90120.60102.9081.4080.6077.90
Inventory Days55.6064.3074.6074.7080.2074.4074.6084.9087.5081.60
Payable Days170.80252.70154.20154.20206.20218.50193.40140.80135.70133.20

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Sahajanand Medical Technologies Ltd FAQs

The current trading price of Sahajanand Medical on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Sahajanand Medical stood at ₹0.00 Cr

The latest P/E ratio of Sahajanand Medical as of 31-Dec-1969 is 0.00.

The latest P/B ratio of Sahajanand Medical as of 31-Dec-1969 is 0.00.

The 52-week high of Sahajanand Medical is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sahajanand Medical is ₹403 ( Cr.) .

Data is not available for this company.

No data found

No data found

About Sahajanand Medical Technologies Ltd

Sahajanand Medical Technologies is a Class III and Class C/D medical devices company with a portfolio of technologically advanced medical devices across vascular and structural heart intervention. The company was founded by Dhirajlal Kotadia in 2001. The company was the first company in the world to receive a CE certification for a DES with a biodegradable polymer-based paclitaxel-eluting stent (Infinnium). Over the years, the company has introduced several innovative products, driven by its focus on research and development and precision manufacturing capabilities enabling it to deliver quality products backed by clinical data. The company is a R&D-driven company engaged in the development of Class III and Class C/D medical devices, with an emphasis on Vascular Intervention (VI) and Structural Heart (SH). The company’s portfolio of (i) VI products includes coronary intervention products such as coronary stents and coronary balloons, (ii) SH products include TAVI and Occluders, and (iii) Others including its own brand of renal stents, peripheral DCBs and other trading products.

The company markets its products in various countries (including India) through a mix of direct, hybrid, and distributor-led models, adapting to local regulatory and market conditions. In India, through its hybrid model, it caters to large hospitals, including Narayana Hrudayalaya Limited. In Europe, it has direct operations in major markets such as Germany, Spain, France and UK, successfully navigating complex regulatory and procurement environments. In certain other regions, such as Italy, it uses distributor-led models for efficient market entry and scaling. Its international revenue share has grown steadily over the past three years, reflecting increasing global acceptance and diversification of its business. 

Business area of the company

Sahajanand Medical Technologies is a medical technology company engaged in the development, manufacturing and marketing of technologically advanced medical devices, primarily focused on vascular intervention and structural heart intervention. The company has strong research and development capabilities. It also has diversified and integrated manufacturing facilities.

Products of the company

VI products: VI refers to minimally invasive procedures used to diagnose or treat diseases of blood vessels.

  • Drug eluting stents
  • Drug-coated PTCA Balloon / Coronary Drug-coated Balloon (DCB)
  • Percutaneous transluminal coronary angioplasty (PTCA) balloon dilatation catheter

SH products, SH refers to minimally invasive procedures used to treat defects or abnormalities in the heart’s structure.

  • TAVI (Transcatheter Aortic Valve Implantation)
  • Occluders

Other product

  • Renofit 
  • Percutaneous Transluminal Angioplasty Drug Coated Balloon (PTA DCB)

Awards, accreditations, and recognition

  • 2016: “National Award for Technology Innovation in Petrochemicals and Downstream Plastics Processing Industry” in the category of polymers in public health care by Ministry of Chemicals and Fertilizers, Government of India.
  • 2020: Awarded “SBI General Insurance SME Award’ in the pharmaceuticals, drugs and medical products category” by Times Network.
  • 2022: Awarded “National Award 2022 for successful development and commercialization of indigenous technology” by the Technology Development Board (TDB), Government of India.
  • 2022: Awarded “CPHI India Pharma 2022 Award in Excellence in R&D- Development of new product/technology” by Informamarkets.
  • 2023: Awarded 13th MT India Healthcare Awards for “Most Promising Medical Devices Company in Make in India Initiative”.
  • 2025: Awarded “Excellence in Clinical Evidence” for 35,000 plus patient clinical program by CSI NIC.
  • 2025: Awarded 15th MT India Healthcare Awards for “Leading Company of the Year in Medical Devices”.
  • 2025: Awarded Voice of Healthcare Cardiac Excellence Awards 2025 for “Excellence in Cardiovascular Therapeutics”.
  • 2025: Awarded National Healthcare Award for Innovative Medical Device of the Year-HYDRA.
  • 2025: 11th CII Industrial Intellectual Property Awards 2025: Top 50 IP Driven Organisation.
  • 2025: Awarded as the winner in the category of “Excellence in Export Promotion” at the 12th edition of India Pharma Awards 2025 by Informa Markets Pvt. Ltd.

History and milestones

  • 2016: Samara Capital Markets Holding Limited invested around Rs 400 million by subscribing to 9,406,419 Equity Shares of the company. Additionally, Samara Capital Markets Holding also purchased 9,406,419 Equity Shares of the company from existing shareholders for a consideration around Rs 400 million.
  • 2017: Samara Capital Markets Holding Limited invested Rs 700 million by subscribing to 13,717,421 Equity Shares of the Company.
  • 2017: Enrolment of 1,435 patients completed for TALENT trial on the safety and efficacy of a sirolimus eluting coronary stent.
  • 2018 NHPEA Sparkle Holding B.V. invested Rs 1,600 million by subscribing to 16,396,803 Equity Shares of the Company.
  • 2019: TALENT trial study for Supraflex presented by Professor Patrick Serruys and published in The Lancet.
  • 2019: Received EC Certificate for full quality assurance system granted to Supraflex Cruz.
  • 2019: Acquired Imex Salud S.L. to establish direct operations in Spain, for a sum of 2.55 million euro.
  • 2019: Acquired 75% of the quotas of SMT Brazil (erstwhile Zarek Distribuidora De Produtos Hospitalares Eireli) to establish hybrid operations in Brazil, for a sum of Rs 18.82 million.
  • 2020: Acquired VCL (as an erstwhile subsidiary of the Company) for a consideration of Rs 687.29 million.
  • 2020: Acquired Vascular Innovations, a wholly owned subsidiary of SMT Ireland, for a sum of 443.00 million Thai Baht.
  • 2022: Publication of the safety and performance study of “Hydra TAVI” in JACC: Cardiovascular Interventions, demonstrating its efficacy in the treatment of symptomatic severe aortic stenosis.
  • 2024: Launch of Hydra TAVI in Russia, Malaysia and Hungary.
  • 2024: Completion of patient enrolment for TUXEDO-2, a clinical trial to evaluate the efficacy of drug eluting stent “Supraflex Cruz” in diabetic patients with multi vessel coronary artery disease.
  • 2024: TGA Australia’s approval for drug eluting stent “Supraflex Cruz”.
  • 2024: Publication of S-FLEX UK-II Registry study on “Supraflex Cruz” demonstrating its clinical safety and performance in BMJ Open.
  • 2024: Publication of the Compare 60/80 HBR trial study in Circulation: Cardiovascular Interventions demonstrating the efficacy of “Supraflex Cruz” in high bleeding risk patients.
  • 2025: SMT Ireland, its wholly owned Subsidiary, purchased shares of the common stock of SNP Medical Corporation.
  • 2025: Publication of 3 year follow up outcomes of the FIRE Trial of “Supraflex Cruz” in Jama Cardiology, demonstrating sustained clinical benefits of Supraflex Cruz in older patients (>75 years) with myocardial infarction and multivessel disease.
  • 2025: Publication of 30 day and 6 months follow up outcomes of the GENESIS -II study of Hydra Transcatheter heart valve device in Asia Intervention and Euro PCR 2025, respectively, demonstrating its safety and performance in treating severe aortic stenosis in high-risk patients.
  • 2025: Presentation of the results of TUXEDO-2, multivessel TALENT trial and Cruz Senior Study, along with results of SFlex Netherlands Registry demonstrating the non-inferiority, proven safety, efficacy, and consistent performance of the Supraflex Cruz across a broad spectrum of complex patient populations, at Transcatheter Cardiovascular Therapeutics 2025.

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