TickerSutra

NSE: SAKAR · ISIN INE732S01012

Sakar Healthcare Limited stock analysis

Sakar Healthcare Limited ranks #289 in the TickerSutra evidence-ranked universe with a score of 67/100 and 95% data confidence. The latest captured fundamentals show ROCE of 12.4%, quarterly sales growth of 38.4% and quarterly profit growth of 120.1%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE67/100

Watchlist candidate

#289 of 5,430 ranked equities
Market capitalisation₹2,576.21cr
ROCE12.4%
Quarterly sales growth38.4%
Quarterly profit growth120.1%
P/E ratio71.4×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.22×
  • 23.6% three-year sales CAGR
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Valuation is above 40× earnings

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹128cr₹29cr₹15cr23.0%
2023₹133cr₹33cr₹13cr25.0%
2024₹153cr₹38cr₹12cr25.0%
2025₹178cr₹50cr₹18cr28.0%
2026₹251cr₹69cr₹30cr27.0%
TTM₹272cr₹77cr₹36cr28.0%
Debt / equity0.22×
CFO / EBITDA0.71×
Operating margin28.0%
Free cash flow₹21cr
Sales CAGR · 3Y23.6%
Profit CAGR · 3Y32.1%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts7 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Operating leverageHigh severity · 2 mentions
Positive catalyst

Export revenues also witnessed healthy year -on-year growth, reflecting our expanding global footprint and increasing acceptance of products in international markets. The improvement in profitability reflects a combination of better product mix, higher operating leverage, increasing contribution from oncology products, and continued execution discipline across the organization. As we look ahead, we believe the opport

Margin expansionHigh severity · 1 mention
Positive catalyst

The Bavla oncology facility has been designed with significant growth potential and we believe it can support revenues of INR800 crores to INR1,000 crores at optimal utilization over the next 4 to 5 years without requiring any major incremental capital expenditure. Given the current level of utilization, we continue to see substantial headroom for growth, operating leverage, and margin expansion as product registrati

Niche productsHigh severity · 1 mention
Positive catalyst

The first quarter of FY27 has been encouraging for Sakar Healthcare, both operationally and financially. Over the last few years, we have built an oncology business with a clear objective to establish a strong presence in global markets through differentiated products, regulatory-driven market access, and long -term commercial partnerships. As we move forward, we see Sakar evolving into a predominantly oncology-led e

Export market updatesHigh severity · 5 mentions
Constructive

Our oncology division continued to demonstrate strong momentum during the quarter, making a meaningful contribution to the company's overall performance. Export revenues also witnessed healthy year -on-year growth, reflecting our expanding global footprint and increasing acceptance of products in international markets. The improvement in profitability reflects a combination of better product mix, higher operating lev

Regulatory updatesModerate severity · 3 mentions
Constructive

What is particularly important is that every approval expands our footprint into new markets and creates additional opportunities for future product launches. Today, our regulatory pipeline i s wider than it has been ever, providing us with increased visibility across regulated as well as emerging markets. At the same time, our product portfolio continues to deepen.

Backward integrationModerate severity · 4 mentions
Positive catalyst

Our collaboration with Zydus Lifesciences during the quarter further reinforces this trend and marks our 40th global anti -cancer product agreement. We also continue to strengthen the economics of our business through backward integration. With 21 oncology APIs developed in-house, including 16 APIs supported by written confirmations along with CEP approvals and ongoing CEP applications, we are steadily improving cont

Product approvalsModerate severity · 15 mentions
Positive catalyst

As we move forward, we see Sakar evolving into a predominantly oncology-led export franchise. Our efforts across product development, dossiers, marketing authorization, technology transfers, and API integration are all aligned towards building a larger and more sustainable oncology export business over the coming years. What we are witnessing today is a steady increase in opportunities across all three areas.

Pricing pressureLow severity · 1 mention
Risk easing

Because that is the again a generic product going to the emerging market. So, once you grow by 8% to 9% also there are certain competition, there are certain price erosion so everything factored in we can grow around 7% to 8% as per market trend with the non-oncology. But with the oncology the thing is that where we are putting in more of focus and more of inputs have already gone in.

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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