Share price
₹1,836.8 latest close · +46.1% over the last 90 sessions
₹1,836.8 month-end · +107.7% over 12 months
₹1,836.8 month-end · +144.5% since Dec '24
52-week range ₹783.85 to ₹1897.30 · 1-year volatility 36.2%
Was the rally earned?
Mostly yes, with a catch.
- Per-share earnings added 109 points, but investors now pay less per rupee of profit (P/E 108.4x to 107.3x), which took 1 point back.
- The share count fell 29%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-18.6% (2026-01 peak to 2026-01 low, recovered 2026-02)
-17.9% (2025-01 peak to 2025-04 low, recovered 2025-07)
-17.1% (2026-09 peak to 2026-10 low, recovered 2026-11)
Most recent volume spikes
2026-11-09: 22.5x the 50-day median, price +5.3% that day
2026-11-06: 30.2x the 50-day median, price +12.0% that day
2026-09-02: 7.4x the 50-day median, price +4.5% that day
Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).
Where does it rank among Health Technology peers?
Each cell is the company's percentile rank among its Health Technology peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE71st▲ 25 pts vs a year ago
- Op. margin83rd▲ 11 pts vs a year ago
- Revenue growth66th
- EPS growth89th
- Debt/equity ↓65th▲ 10 pts vs a year ago
- Cash cycle ↓99thflat vs a year ago
- P/E ↓8th▼ 3 pts vs a year ago
- 12M momentum92nd
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Health Technology sector page Watch it move against Health Technology in the Observatory
What is the price implying?
At normalised P/E (five-year average earnings) of 313.4x, a holder earning 12%/yr needs earnings to grow about 51.8%/yr for 10 years, then trade at 15x.
Over time
Implied growth by month (solid) and delivered growth (dashed).
Change the assumptions
| Exit P/E / return | 11% | 12% | 13% |
|---|---|---|---|
| 12x | 53.8% | 55.2% | 56.6% |
| 15x | 50.4% | 51.8% | 53.1% |
| 20x | 46.2% | 47.5% | 48.8% |
Drag a slider to test other assumptions
Implied: 51.8%/yr“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.
What prices imply across Health Technology The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹1836.80
- P/E
- 107.3x
- ROCE
- 20.0%
- Market Cap
- ₹39015 cr
- Revenue (TTM)
- ₹2249 cr
- P/S
- 17.3x
- P/B
- 15.7x
- ROE
- 14.6%
- Operating Margin
- 27.0%
- Debt / Equity
- 0.1x
- Promoter Holding
- 34.5%
- 12M Momentum
- 107.7%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance7%Within range
Other income as a share of pre-tax profit (trailing twelve months): 7.3%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate25%Within range
Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion1.80xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 1.80x (cash from operations ₹1,086 cr, net profit ₹602 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow2 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
Capital work in progress15% of fixed assetsWithin range
Capital work-in-progress is 15% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 2 years, DIIs added 20.8 pts; FIIs added 7.9 pts; promoters trimmed 0.7 pts.
- The number of shareholders fell from 1.8 lakh to 1.3 lakh (-31%) between Dec 2024 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like SAI LIFE SCIENCES LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −24% to +4% vs the market, against 0% for all non-financial companies in the same months.
- The analogs' median sat below that base rate (gap −7.9%, 80% range −16.2% to −4.8%), but the matches cluster in only 6 distinct 12-month windows.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 2 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 30 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| COHANCE Health Technology |
Feb 2025 | 98x | 19% | +93% | −9% | −78% |
| ASTRAL Producer Manufacturing |
Mar 2020 | 72x | 23% | +1% | −24% | +28% |
| IPCALAB Health Technology |
Mar 2020 | 40x | 16% | +42% | −8% | −24% |
| PIIND Process Industries |
Apr 2020 | 54x | 25% | +52% | −1% | −1% |
| RELAXO Consumer Non-Durables |
Jan 2020 | 104x | 26% | +101% | 0% | −6% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| BERGEPAINT Process Industries |
Feb 2020 | 111x | 27% | +86% | −4% | −12% |
| KPITTECH Technology Services |
May 2023 | 106x | 24% | +101% | 0% | −5% |
| POLYMED Health Technology |
Oct 2024 | 102x | 24% | +105% | 0% | −32% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: size, revenue growth and P/E. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
12 events since Apr '25
- NovPriceVolume reached 30.2x its 50-day median on 2026-11-06; price +12.0% that day.
- SepPriceVolume reached 7.4x its 50-day median on 2026-09-02; price +4.5% that day.
- JunPeer rankMoved into the 2nd quartile of Health Technology on ROCE (from the 3rd quartile).
- MayPriceVolume reached 12.6x its 50-day median on 2026-05-15; price -1.9% that day.
- FebPriceVolume reached 17.6x its 50-day median on 2026-02-06; price +4.8% that day.
- DecPeer rankMoved into the top quartile of Health Technology on operating margin (from the 2nd quartile).
- DecDebtDebt / equity halved over 12 months to 0.17x.
- DecSharesShare count is up 16.7% over 12 months.
Show 4 earlier events
- SepInstitutionsFII + DII holding rose 12.5 pts over 2 quarters to 36.2%.
- SepPeer rankSlipped to the 2nd quartile of Health Technology on operating margin (from the top quartile).
- AugPriceVolume reached 115.8x its 50-day median on 2025-08-26; price -5.1% that day.
- AprPriceVolume reached 22.4x its 50-day median on 2025-04-15; price +15.2% that day.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history24 months · 2024-12 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 107.3x | ₹2249 cr | 14.6% | 20.0% | 0.1x |
| 2026-10 | 91.0x | ₹2249 cr | 14.5% | 20.0% | 0.1x |
| 2026-09 | 89.0x | ₹2249 cr | 14.5% | 20.0% | 0.1x |
| 2026-08 | 88.1x | ₹2191 cr | 14.0% | 20.0% | 0.1x |
| 2026-07 | 79.4x | ₹2191 cr | 14.0% | 20.0% | 0.1x |
| 2026-06 | 74.5x | ₹2191 cr | 14.0% | 20.0% | 0.1x |
| 2026-05 | 73.0x | ₹2169 cr | 15.6% | 14.0% | 0.2x |
| 2026-04 | 67.3x | ₹2169 cr | 15.6% | 14.0% | 0.2x |
| 2026-03 | 61.2x | ₹2169 cr | 15.6% | 14.0% | 0.2x |
| 2026-02 | 72.7x | ₹2053 cr | 13.4% | 14.0% | 0.2x |
| 2026-01 | 60.8x | ₹2053 cr | 13.4% | 14.0% | 0.2x |
| 2025-12 | 66.2x | ₹2053 cr | 13.4% | 14.0% | 0.2x |
| 2025-11 | 108.4x | ₹1912 cr | 11.5% | 14.0% | 0.2x |
| 2025-10 | 112.5x | ₹1912 cr | 11.5% | 14.0% | 0.2x |
| 2025-09 | 105.5x | ₹1912 cr | 11.5% | 14.0% | 0.2x |
| 2025-08 | 101.1x | ₹1696 cr | 8.0% | 14.0% | 0.2x |
| 2025-07 | 99.1x | ₹1696 cr | 8.0% | 14.0% | 0.2x |
| 2025-06 | 94.8x | ₹1696 cr | 8.0% | 14.0% | 0.2x |
| 2025-05 | — | ₹1555 cr | 14.2% | 11.0% | 1.0x |
| 2025-04 | — | ₹1555 cr | 14.2% | 11.0% | 1.0x |
| 2025-03 | — | ₹1555 cr | 14.2% | 11.0% | 1.0x |
| 2025-02 | — | ₹1499 cr | 12.7% | 11.0% | 1.0x |
| 2025-01 | — | ₹1499 cr | 12.7% | 11.0% | 1.0x |
| 2024-12 | — | ₹1499 cr | 12.7% | 11.0% | 1.0x |