SATKARTAR
Sat Kartar financials
- Market cap
- ₹207 Cr
- Sector
- Healthcare
- Calls analysed
- 3
Sat Kartar Q4 FY26
What went well
- Revenue for FY26 crossed ₹200 crores, marking a 23% YoY growth.
- EBITDA increased by 73% and PAT by 74%, reaching ₹17 crores for FY26.
- Ambitious product revenue targets set at ₹300 crores for FY27 and ₹500 crores for FY28.
What to watch
- Cash inflow for FY26 was less than PAT, and working capital was impacted in H1 due to transitional activities.
- The current 30-bed hospital is not yet at break-even, operating at ₹50,000/day against a target of ₹100,000/day, pending certifications and insurance tie-ups.
Guidance record · Q4 FY26
what the last two calls moved 12 tracked 2 delivered 2 missed 8 open- FY26 Revenue delivered, diluted said Q4 FY25 Promised: ₹230-240 crores (40-50% growth) Q4 FY26: Revenue crossed the 200 mark, growing 23%. Achieved the revised target but missed the original ₹230-240 cr target.
- FY26 PAT Margin missed said Q4 FY25 Promised: 9-10% Q4 FY26: Reported PAT of ₹17 crores on ₹200 crores revenue, yielding an 8.5% margin, missing the 9-10% target.
- Long-term Revenue on track said Q4 FY25 Promised: ₹500 crores top line in three years Q4 FY26: Reiterated target of crossing ₹500 crores in FY28.
All 12 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 48.0%, net profit up 150.0% against the same quarter last year.
| Line item | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 75 | 76 | 87 | 90 | 111 +48% |
| EBITDA | 6 | 6 | 9 | 10 | 15 +150% |
| Net profit | 4 | 4 | 6 | 7 | 10 +150% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −10.7% 1Y
1Y: ₹162.6 on 10 Sept 2025 → ₹145.2. High ₹205 (23 Apr 2026), low ₹116.05 (7 Sept 2026).
How the price took the results
close before → close after
- Q4 FY26
- −1.9%
- 7 May
- Q2 FY26
- −1.6%
- 1 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹16 Cr | ₹16 Cr |
| Reserves | ₹0 Cr | ₹3 Cr | ₹7 Cr | ₹42 Cr | ₹52 Cr |
| Borrowings | ₹8 Cr | ₹4 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Other liabilities | ₹3 Cr | ₹8 Cr | ₹11 Cr | ₹11 Cr | ₹15 Cr |
| Total liabilities | ₹12 Cr | ₹15 Cr | ₹22 Cr | ₹71 Cr | ₹85 Cr |
| Fixed assets | ₹5 Cr | ₹4 Cr | ₹8 Cr | ₹6 Cr | ₹12 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr |
| Other assets | ₹8 Cr | ₹11 Cr | ₹14 Cr | ₹63 Cr | ₹72 Cr |
| Total assets | ₹12 Cr | ₹15 Cr | ₹22 Cr | ₹71 Cr | ₹85 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, the public added +7.35 pp while FIIs trimmed −6.18 pp. The shareholder count grew 99% to 846.
- Promoters
- 63.6%
- FIIs
- 0.1%
- DIIs
- 2.3%
- Public
- 34.0%
Since Mar 2025
- Public +7.35 pp
- FIIs −6.18 pp
- DIIs −1.44 pp
How it drifted, 3 quarters
Over this window the public went from 26.6% to 34.0% — +7.3 pp.
Ownership split by quarter, oldest first. Mar '25: Promoters 63.3%, FIIs 6.3%, DIIs 3.7%, Public 26.6%.Sep '25: Promoters 63.4%, FIIs 0.4%, DIIs 3.1%, Public 33.0%.Mar '26: Promoters 63.6%, FIIs 0.1%, DIIs 2.3%, Public 34.0%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Manprit Singh Chadha +2.59 pp 23.64% held
- Rajendra Nalam +0.92 pp 2.54% held
- Anamika Fashionwears And Exports Private Limited +0.13 pp 1.40% held
- Khushboo Siddharth Nahar +0.08 pp 1.88% held
- Japnidh Singh newly disclosed 0.02% held
- Skinrange Addiction Killer Foundation newly disclosed 0.00% held
- Sat Kartar Herbal Private Limited newly disclosed 0.00% held
- Super Diesels Hitech Engineering Private Limited newly disclosed 0.00% held
The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Sat Kartar above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Ajooni Wellness Private Limited | 36.28% | unchanged |
| Manprit Singh Chadha | 23.64% | +2.59 pp |
| Shreya Jain | 3.56% | unchanged |
| Rajendra Nalam | 2.54% | +0.92 pp |
| Ved Prakash | 2.49% | unchanged |
| Khushboo Siddharth Nahar | 1.88% | +0.08 pp |
| Archana Chadha | 1.80% | unchanged |
| Generational Capital Breakout Fund 1 AIF | 1.78% | unchanged |
| Anamika Fashionwears And Exports Private Limited | 1.40% | +0.13 pp |
| Allina Qureshi | 1.30% | unchanged |
| Pranav Singh Chadha | 0.54% | −1.26 pp |
| Aryaman Singh Chadha | 0.54% | −1.26 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- -2.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (3)
Read the Q4 FY26 call →Learn to analyse Sat Kartar
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