Saakshi Medtech and Panels Limited
NNSE:SAAKSHI362.60
INR
-7.40
(-2.00%)
ISIN
INE0PSK01027
Return %
Stock
S&P 500
1Y
131.69
14.39
3Y
45.56
81.42
5Y
- -
68.62
Capital Structure
INR
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in mil. unless spec.Working Capital
INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Semi-annual Revenue
INR
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in mil. unless spec.Semi-annual Earnings Per Share
INR
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in mil. unless spec.Semi-annual Dividends Per Share
INR
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in mil. unless spec.Company Description
- CEO
- Aniket Vijay Latkar
- Full Time Employees
- 120
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- Plot No. 5A, Sector 2, Industrial Area, Pithampur Pune India 411026
- IPO Date
- Oct 3, 2023
- Website
- smtpl.co
- Similar Companies
- Business
- Saakshi Medtech & Panels Ltd. manufactures electrical control panels, medical diagnostic X-ray systems, high-level mechanical assemblies for locomotives, and wire harnesses for industrial applications. The company designs, programs, and assembles electrical control panels and cabinets incorporating microcontrollers, programmable logic controllers, and SCADA systems for original equipment manufacturers in elevators, wind turbines, air compressors, oil and gas exploration equipment, electric vehicle charging stations, and diesel generators; produces medical X-ray systems including X-ray machines, imaging systems, generators, and mechanics, with AERB certification since 2018, CDSCO licensing, and NABL-accredited testing laboratory; fabricates locomotive components such as sensor boxes, battery boxes, sandboxes, dynamic brake weldments, resistor boxes, oil tank assemblies, and snow plows primarily for Wabtec group companies under a long-term supply agreement valid until 2027; and manufactures wire harnesses for captive use in control panels and external supply to the air compressor industry. Founded in 2001 and headquartered in Pune, Maharashtra, India, the company operates three manufacturing facilities in Pune's MIDC industrial areas, serving customers including Otis Elevator Company (India) Ltd., Wipro GE Healthcare Pvt. Ltd., Philips India Ltd., BPL Medical Technologies Pvt. Ltd., Atlas Copco (India) Ltd., and GE India Industrial Pvt. Ltd., with global certifications such as ISO 9001:2015, ISO 13485:2016, ISO 14001:2015, ISO 45001:2018, and AS 9100D. In recent developments, Saakshi Medtech & Panels Ltd. completed its initial public offering in September 2023 raising approximately Rs 42.88 crore for capital expenditure, debt repayment, working capital, and general corporate purposes; secured a manufacturing and supply agreement with Wabtec/Bearward for industrial radiators; hosted Tetra Pak India Pvt. Ltd.'s global team in November 2024 to strengthen partnerships; and won a Rs 250 crore order from Mahindra & Mahindra Ltd. in December 2024 for electric vehicle panels over five years until 2029.