Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹857Cr
Rev Gr TTM
Revenue Growth TTM
8.80%
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 100.0 | 75.0 | 41.0 | 33.5 | -2.1 | -19.6 | -23.7 | -24.9 | -6.8 | 10.4 | 10.2 | 22.9 |
| 324 | 327 | 355 | 371 | 317 | 273 | 278 | 305 | 311 | 292 | 324 | 356 |
Operating Profit Operating ProfitCr |
| -3.6 | 2.8 | 0.9 | 0.9 | -3.5 | -0.9 | -1.7 | -8.4 | -8.8 | 2.0 | -7.5 | -3.0 |
Other Income Other IncomeCr | 9 | 12 | 10 | 20 | 18 | 28 | 22 | -12 | 22 | 25 | 6 | 14 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 3 | 2 | 2 | 2 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 2 |
| -6 | 19 | 11 | 21 | 5 | 25 | -174 | -39 | -5 | 30 | -19 | 1 |
| 16 | -5 | -2 | 1 | -29 | -25 | -23 | 1 | -22 | 4 | -3 | 1 |
|
Growth YoY PAT Growth YoY% | 16.6 | 389.1 | -28.0 | 882.6 | 257.7 | 103.8 | -1,251.6 | -298.3 | -48.7 | -46.8 | 89.8 | 100.9 |
| -6.9 | 7.3 | 3.6 | 5.4 | 11.2 | 18.5 | -55.1 | -14.2 | 6.2 | 8.9 | -5.1 | 0.1 |
| -10.8 | 0.4 | -2.5 | -0.2 | 5.2 | 9.8 | -34.4 | -8.5 | 4.3 | 7.5 | -4.0 | 0.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 80.8 | 78.4 | 54.1 | 19.9 | 37.9 | 75.4 | 42.2 | 15.2 | 64.7 | 32.3 | -19.2 | 10.8 |
| 62 | 118 | 155 | 175 | 256 | 441 | 562 | 680 | 1,084 | 1,370 | 1,167 | 1,283 |
Operating Profit Operating ProfitCr |
| -29.2 | -36.3 | -16.7 | -9.7 | -16.5 | -14.4 | -2.6 | -7.7 | -4.2 | 0.4 | -5.0 | -4.2 |
Other Income Other IncomeCr | 4 | 3 | 4 | 3 | 2 | 3 | 3 | 12 | 24 | 60 | 60 | 66 |
Interest Expense Interest ExpenseCr | 1 | 1 | 3 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 0 | 0 |
Depreciation DepreciationCr | 6 | 7 | 7 | 6 | 6 | 5 | 4 | 4 | 8 | 9 | 6 | 6 |
| -15 | -37 | -28 | -12 | -42 | -58 | -16 | 1,109 | -122 | -31 | -204 | 8 |
| 0 | 0 | 1 | 2 | 1 | -5 | 1 | 244 | -23 | -36 | -70 | -21 |
|
| -133.8 | -146.6 | 21.8 | 48.5 | -191.0 | -21.6 | 67.2 | 5,161.5 | -111.5 | 105.9 | -2,381.8 | 121.8 |
| -30.7 | -42.4 | -21.5 | -9.2 | -19.5 | -13.5 | -3.1 | 137.0 | -9.6 | 0.4 | -12.0 | 2.4 |
| -4.7 | -11.5 | -9.0 | -3.7 | -11.8 | -12.2 | -3.3 | 222.7 | -22.7 | 2.8 | -28.7 | 8.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 |
| 223 | 186 | 158 | 144 | 106 | 173 | 163 | 790 | 717 | 726 | 638 | 650 |
Current Liabilities Current LiabilitiesCr | 22 | 31 | 49 | 27 | 22 | 66 | 60 | 68 | 110 | 79 | 105 | |
Non Current Liabilities Non Current LiabilitiesCr | 4 | 7 | 7 | 5 | 8 | 3 | 3 | 116 | 102 | 72 | 5 | |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 88 | 90 | 108 | 95 | 66 | 137 | 130 | 508 | 575 | 354 | 267 | |
Non Current Assets Non Current AssetsCr | 193 | 166 | 143 | 141 | 165 | 178 | 162 | 770 | 631 | 795 | 708 | |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -12 | -12 | -2 | -49 | -30 | -69 | -31 | -207 | -112 | 36 | -17 |
Investing Cash Flow Investing Cash FlowCr | 7 | -1 | 4 | 21 | -2 | -22 | 21 | 220 | 133 | -34 | -1 |
Financing Cash Flow Financing Cash FlowCr | 4 | 13 | 5 | 33 | 26 | 103 | 4 | -11 | -2 | -2 | 0 |
|
Free Cash Flow Free Cash FlowCr | -28 | -18 | 0 | -55 | -33 | -71 | -31 | -212 | -128 | 22 | -27 |
| 80.0 | 32.7 | 6.6 | 331.4 | 69.9 | 132.8 | 178.5 | -23.9 | 112.6 | 612.8 | 13.0 |
CFO To EBITDA CFO To EBITDA% | 84.1 | 38.1 | 8.5 | 316.3 | 82.7 | 125.0 | 213.7 | 425.8 | 254.7 | 662.3 | 30.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 262 | 205 | 315 | 353 | 380 | 199 | 371 | 1,134 | 700 | 965 | 772 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.8 | 0.0 | 108.7 | 0.0 |
Price To Sales Price To Sales | 5.0 | 2.3 | 2.3 | 2.2 | 1.7 | 0.5 | 0.7 | 0.6 | 0.7 | 0.7 | 0.7 |
Price To Book Price To Book | 1.0 | 0.9 | 1.7 | 2.0 | 2.8 | 1.0 | 1.9 | 1.4 | 0.9 | 1.3 | 1.1 |
| -18.0 | -6.7 | -13.6 | -22.8 | -10.3 | -3.4 | -25.8 | -18.9 | -11.5 | 169.5 | -13.6 |
Profitability Ratios Profitability Ratios |
| 100.0 | 98.9 | 98.9 | 98.9 | 99.0 | 99.4 | 99.6 | 99.5 | 99.7 | 99.9 | 99.8 |
| -29.2 | -36.3 | -16.7 | -9.7 | -16.5 | -14.4 | -2.6 | -7.7 | -4.2 | 0.4 | -5.0 |
| -30.7 | -42.4 | -21.5 | -9.2 | -19.5 | -13.5 | -3.1 | 137.0 | -9.6 | 0.4 | -12.0 |
| -5.4 | -15.2 | -12.0 | -6.3 | -28.9 | -27.1 | -7.5 | 135.3 | -16.2 | -3.9 | -30.4 |
| -5.8 | -16.8 | -15.1 | -8.4 | -31.2 | -25.4 | -8.8 | 105.3 | -13.3 | 0.8 | -19.9 |
| -5.3 | -14.3 | -11.4 | -6.3 | -18.6 | -16.5 | -5.8 | 67.7 | -8.3 | 0.5 | -13.7 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Sastasundar Ventures Limited (SVL), headquartered in Kolkata, India (CIN: L74110WB1992PLC051745), is a digitally integrated healthcare platform company operating at the intersection of B2B and B2C e-pharmacy, wellness, diagnostics, and AI-driven health tech solutions. The company is led by Founder and Executive Chairman Mr. B. L. Mittal, a veteran with over 25 years of experience in financial services and digital healthcare.
SVL operates through a dual-platform model:
- **SastaSundar App (B2C)**: Direct-to-consumer platform offering pharmacy, wellness, diagnostics, and soon, teleconsultations.
- **RetailerShakti (B2B)**: A digital supply chain platform distributing pharmaceuticals, OTC, wellness, and FMCG products to over 28,000 retail pharmacies and kirana stores nationwide.
The group’s healthcare arm is anchored by **Sastasundar Healthbuddy Limited (SHBL)**, a key subsidiary engaged in wholesale trading of medicines and healthcare products, with SVL increasing its ownership stake from 72.14% to **78.89%** in Nov 2025 by buying back Mitsubishi Corporation’s stake. This marks a strategic move toward corporate simplification, including an upcoming merger/demerger scheme to be reviewed by the board by March 31, 2026.
---
### **Core Business Segments & Subsidiaries**
| Entity | Role |
|-------|------|
| **SastaSundar Healthbuddy Limited (SHBL)** | Wholesale trading of medicines, healthcare, and OTC products via a pan-India warehouse network. |
| **Retailer Shakti Supply Chain Pvt. Ltd. (RSSCPL)** | Operates the B2B digital platforms **RetailerShakti.com** and app; supplies bulk inventory to retailers. |
| **Genu Path Labs Limited** | Step-down subsidiary running the diagnostics business, offering NABL-accredited tests across Eastern India with plans for national scale. |
| **SastaSundar Healthtech Pvt. Ltd.** | Owns the SastaSundar brand, IP, domains, and technology stack, including AI tools and apps. |
| **Happymate Foods Limited / Myjoy Technologies** | Part of diversified group holdings, though private-label F&B now fully aligned under SastaSundar brand. |
---
### **Strategic Growth Initiatives (Nov 2025 Update)**
#### **1. Platform Expansion into High-Margin Categories**
- Leveraged existing B2B infrastructure (technology, logistics, warehousing, customer base) to enter high-margin **beauty & personal care** with **zero incremental capex**.
- Launched dedicated D2C brand **"Mobat [Mohbbat]"** within the SastaSundar app to avoid **brand confusion with pharmaceuticals**.
#### **2. SaaS & Warehouse-as-a-Service Offerings**
- Monetizing operational strengths by launching **SaaS and warehouse-as-a-service solutions** for third-party players in:
- Personal care
- Beauty care
- Surgical care
- Utilizes **RetailerShakti software**, **logistics network**, and **data-driven supply chain**.
- **No inventory investment required** — pure service model targeting brands struggling with Indian distribution.
#### **3. AI-Powered Automation & Efficiency Gains**
- Achieved **3x warehouse capacity growth** without significant capital outlay via AI-driven process automation.
- AI applications now used in:
- Script-level recognition
- Order picking & sorting
- Store identification
- Logistics routing
- **Operational cost reductions**:
- 50% reduction in call center staffing via automated call monitoring.
- Reduced coding and back-end operational costs via AI tools.
- Automation in Baruipur doubled capacity; expected to **triple within three months**.
#### **4. Logistics & Fulfillment Scalability**
- Plans to build **two new warehouses in Lucknow and Udaipur**, joining existing hubs in **Kolkata and Noida**.
- From these three strategic nodes, aims to cover: **Bihar, Jharkhand, Chhattisgarh, Rajasthan, UP, Haryana, Uttarakhand**.
- Noida warehouse undergoing **capacity expansion with automation**.
#### **5. Technology & Product Innovation**
- Launched flagship private label: **JITO**
- Offers **up to 60% savings** on quality-assured generic medicines.
- Paired branded drugs with generics to improve affordability and margins.
- Developing **"Quick Health"** — an AI-powered **teleconsultation-first** service, differentiating from mere medicine delivery models.
- Investing ₹50 crore in current year (vs ₹35 crore prior year), primarily in AI, product development, and team expansion.
---
### **Digital Ecosystem & Brand Building**
- **SastaSundar App**: Relaunched post-Flipkart partnership resolution; focuses on savings, quality, and accessibility.
- **"Genu Health" App (in development)**:
- Integrated D2C platform for **preventive care, diagnostics, e-consultations, hospital coordination, and digital health records**.
- AI/ML for predictive analytics and clinical support.
- **YouTube Health Education Platform**: “**Sastasundar Health & Happiness Podcast**”
- Features **recognized medical professionals**.
- Partners with pharma companies for monetization.
- Addresses misinformation in local languages.
---
### **Market Positioning & Strategic Shifts**
#### **From Flipkart Exit to Independence**
- Dissolved strategic partnership with Flipkart Health+; now operates 100%-owned **SastaSundar app**.
- Experience from Flipkart collaboration contributed to **internal learning and technological maturity**.
- B2C segment, which saw de-growth earlier, is now back on growth trajectory.
#### **Focus on Sustainable, Profitable Growth**
- Shifted focus from cash-burning expansion to **profitable scaling**.
- Platforms now **customer-validated** with established fulfillment centers, teams, and user bases.
- Emphasis on **platform business model** with monetization in **product distribution and digital health services**.
#### **Pan-India Expansion Strategy**
- Leveraging smartphone penetration (>600 million users) for digital healthcare access.
- Genu Path Labs focused initially on **Eastern India (Tier II/III cities)** to capture unorganized market share.
- Diagnostic services integrated into SastaSundar app; gaining traction with users.
---
### **Competitive Edge**
- **Proprietary 'Genu Security Check'** for genuine medicines.
- **Data-driven, AI-powered supply chain** with real-time inventory visibility.
- Hybrid **online + offline delivery model** via Healthbuddies.
- One of the few to offer **end-to-end integrated healthcare**: pharmacy, wellness, diagnostics, education, and soon, consultations.