---
title: "Sai Capital Ltd (SAICAPI) — Share Price, Financials & Analysis"
symbol: "531931"
company: "Sai Capital Ltd"
canonical: "https://tapetide.com/stocks/531931"
isin: "INE531X01018"
nse_symbol: "SAICAPI"
bse_code: "531931"
sector: "Commercial Services"
industry: "Diversified Services"
market_cap_cr: 43.76
generated_at: "2026-10-15T10:29:30.162Z"
---

# Sai Capital Ltd (SAICAPI)

Canonical page: https://tapetide.com/stocks/531931

## Company

- **NSE Symbol:** SAICAPI
- **BSE Code:** 531931
- **ISIN:** INE531X01018
- **Sector:** Commercial Services
- **Industry:** Diversified Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2026-08-17
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** saicapital.co.in

## About

Incorporated in 1995, Sai Capital Ltd 
is engaged in dealing in securities of 
all kinds[1]

## Latest Price

- **Price:** ₹151.99
- **Change:** +3.89 (+2.63%)
- **Open:** ₹151.09
- **Day High:** ₹152
- **Day Low:** ₹151.09
- **Previous Close:** ₹148.1
- **Volume:** 49
- **As Of:** 2026-10-15T08:08:14+00:00

## Key Fundamentals

Price-based figures as of 2026-10-15T13:38:14+05:30.

Observed at 2026-10-15T04:56:25.507388Z.

- **Market Cap:** ₹43.76 Cr
- **Classification:** Microcap
- **P/E (TTM):** 3.53
- **EPS (TTM):** ₹43.06
- **Book Value:** ₹1272.12
- **Price to Book:** 0.12
- **Dividend Yield:** 0%
- **ROE:** 3.36%
- **ROCE:** 5.06%
- **Debt to Equity:** 0.04
- **Revenue (yearly):** ₹24.5 Cr
- **Net Income:** ₹12.6 Cr
- **EBITDA:** ₹21.6 Cr
- **52-Week High:** ₹242.85
- **52-Week Low:** ₹130
- **RSI (14):** 47.26

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-10-14
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Rising
- **Percentile:** 65.4 (of 4490 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 82.3 | 9% |
| growth | 66.25 | 9% |
| momentum | 62.89 | 12% |
| ownership | 50 | 24% |
| quality | 27.96 | 22% |
| valuation | 65.93 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.12 times its book value
- Company has delivered good profit growth of 20.9% CAGR over last 5 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 0.90% over last 3 years.
- Promoters have pledged 37.5% of their holding.
- Earnings include an other income of Rs.24.2 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 15.15% | -785.54% | — |
| ebitda margin growth | 25% | 3.7% | -483.65% | 0.51% |
| net income growth | 47.83% | 16.67% | 68% | 21% |
| revenue growth | 28% | 4.7% | 15% | -25% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.2 | 0.11 | 0.05 | 0.08 | 0.1 | 0.22 | 0.12 | 0.15 | 0.14 | 0.24 | 0.14 | 0.23 |
| Expenses | 1.49 | 0.68 | 18.4 | 0.77 | 1.05 | 0.89 | 0.77 | 0.79 | 0.79 | 0.72 | 0.6 | 0.87 |
| Operating Profit | -1.29 | -0.57 | -18.35 | -0.69 | -0.95 | -0.67 | -0.65 | -0.64 | -0.65 | -0.48 | -0.46 | -0.64 |
| OPM % | -645 | -518.18 | -36700 | -862.5 | -950 | -304.55 | -541.67 | -426.67 | -464.29 | -200 | -328.57 | -278.26 |
| Other Income | 4.42 | 4.65 | 4.2 | 4.48 | 4.52 | 5.14 | 8.74 | 5.85 | 6.67 | 6.53 | 4.82 | 6.17 |
| Interest | 0.14 | 0.26 | 0.12 | 0.17 | 0.18 | 0.19 | 0.22 | 0.22 | 0.24 | 0.25 | 0.21 | 0.11 |
| Depreciation | 0.97 | 0.82 | 0.64 | 0.67 | 0.68 | 0.69 | 0.72 | 0.59 | 0.63 | 0.64 | 0.61 | 0.54 |
| Profit before tax | 2.02 | 3 | -14.91 | 2.95 | 2.71 | 3.59 | 7.15 | 4.4 | 5.15 | 5.16 | 3.54 | 4.88 |
| Tax % | 53.47 | 77 | 5.37 | 35.93 | 39.85 | 36.49 | 29.51 | 29.09 | 30.68 | 31.2 | 34.46 | 30.33 |
| Net Profit | 0.93 | 0.7 | -15.71 | 1.88 | 1.63 | 2.29 | 5.04 | 3.11 | 3.56 | 3.56 | 2.32 | 3.4 |
| EPS in Rs | 3.16 | 2.36 | -53.52 | 6.39 | 5.56 | 7.95 | 17.16 | 10.59 | 12.12 | 12.12 | 7.88 | 10.94 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 200 | 211 | 101 | 18 | 16 | 17 | 23 | 24 | 1 |
| Expenses | 151 | 168 | 92 | 2 | 10 | 22 | 3 | 3 | 3 |
| Operating Profit | 49 | 43 | 9 | 16 | 6 | -4 | 20 | 22 | -2 |
| OPM % | 24 | 20 | 9 | 88 | 40 | -25 | 85 | 88 | -297 |
| Other Income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 0 | 0 | 3 | 3 | 2 | 2 |
| Profit before tax | 48 | 42 | 8 | 16 | 5 | -8 | 16 | 18 | 19 |
| Tax % | 36 | 25 | 43 | 29 | 50 | 60 | 34 | 31 | — |
| Net Profit | 31 | 31 | 5 | 11 | 3 | -13 | 11 | 13 | 13 |
| EPS in Rs | 105.27 | 106.07 | 16.46 | 37.61 | 8.82 | -44.84 | 36.88 | 42.72 | 43.06 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 305 | 336 | 340 | 351 | 353 | 340 | 351 | 363 |
| Borrowings | 1 | 2 | 2 | 2 | 15 | 16 | 19 | 14 |
| Other Liabilities | 14 | 14 | 8 | 10 | 8 | 7 | 9 | 8 |
| Total Liabilities | 324 | 354 | 352 | 366 | 379 | 366 | 382 | 388 |
| Fixed Assets | 6 | 5 | 7 | 8 | 37 | 55 | 52 | 50 |
| CWIP | 0 | 0 | 0 | 0 | 26 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 318 | 349 | 346 | 358 | 316 | 311 | 329 | 338 |
| Total Assets | 324 | 354 | 352 | 366 | 379 | 366 | 382 | 388 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 36 | -10 | 0 | -2 | -1 | -6 | -61 | -52 |
| Cash from Investing Activity | -27 | -45 | -5 | -8 | -7 | 20 | 49 | 47 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 2 | -2 | 0 | 0 |
| Net Cash Flow | 9 | -54 | -6 | -10 | -6 | 12 | -13 | -5 |
| Free Cash Flow | 35 | -10 | 0 | -4 | -56 | -3 | -61 | -52 |
| CFO/OP | 106 | 6 | 38 | 3 | 61 | 25 | -287 | -209 |

### Ratios

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 14 | 35 | 74 | 413 | 384 | 6 | 1 | 1 |
| Inventory Days | 21 | 19 | 4 | — | — | — | — | — |
| Days Payable | 4 | 10 | 0 | — | — | — | — | — |
| Cash Conversion Cycle | 31 | 44 | 78 | 413 | 384 | 6 | 1 | 1 |
| Working Capital Days | 383 | 499 | 1036 | 5519 | 5603 | 4742 | 4385 | 4761 |
| ROCE % | — | 13 | 2 | 4 | 2 | -2 | 5 | 5 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 24.37% | 24.44% | 24.27% | 24.16% | 24.2% | 24.03% | 24.02% | 24.23% | 24.22% | 24.29% | 24.22% | 24.25% |
| Others | 1.91% | 1.84% | 2.01% | 2.12% | 2.08% | 2.25% | 2.25% | 2.05% | 2.05% | 1.99% | 2.05% | 2.02% |
| No. of Shareholders | 1527 | 1520 | 1553 | 1557 | 2459 | 2535 | 2546 | 2734 | 2885 | 2920 | 3039 | 3042 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 150.18 | Sell |
| EMA (10) | 150.74 | Sell |
| SMA (20) | 152.86 | Sell |
| EMA (20) | 151.26 | Sell |
| SMA (50) | 150.39 | Sell |
| EMA (50) | 150.8 | Sell |
| SMA (100) | 149.38 | Sell |
| EMA (100) | 152.56 | Sell |
| SMA (200) | 158 | Sell |
| EMA (200) | 164.37 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.37 | Neutral |
| MACD (12,26,9) | -0.32 | Sell |
| Stochastic (14,3,3) | 50.56 | Neutral |
| ADX (14) | 22.13 | Neutral |
| Williams %R (14) | -60.97 | Neutral |
| ATR (14) | 11.16 | High Volatility |
| ROC (12) | -5.66 | Sell |
| Stoch RSI (14) | 38.85 | Neutral |
| UO (7,14,28) | 50.99 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-05-11 | [Announcement Under Regulation 30 (LODR) - Resignation Of Key Management Personnel I.E., Company Secretary Of A Material Subsidiary Of The Company, M/S. Butterfly Ayurveda Private Limited.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6b812450-9da7-4647-b9dc-80a30bb1728d.pdf) |
| 2026-05-05 | [Compliances-Reg.24(A)-Annual Secretarial Compliance](https://www.bseindia.com/xml-data/corpfiling/AttachLive/df77d829-372a-4931-b0a0-26de23024f40.pdf) |
| 2026-04-29 | [Announcement Under Regulation 30 (LODR) - Clarification On Price Movement](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84ffb7c7-5764-4ad8-b827-cd6819d56f64.pdf) |
| 2026-04-29 | [Announcement Under Regulation 30 (LODR) - Clarification On Price Movement](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8db4a40e-6de8-4558-9f6e-60ae34d7b877.pdf) |
| 2026-04-29 | [Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9D42AD9C_332E_4D97_8F58_8385BDE452E8_184000.pdf) |
| 2026-04-29 | [Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1502D382_60D3_44C9_A131_8289246F3573_183735.pdf) |
| 2026-04-29 | [Announcement Under Regulation 30 (LODR) - Clarification On Price Movement](https://www.bseindia.com/xml-data/corpfiling/AttachLive/84ffb7c7-5764-4ad8-b827-cd6819d56f64.pdf) |
| 2026-04-29 | [Announcement Under Regulation 30 (LODR) - Clarification On Price Movement](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8db4a40e-6de8-4558-9f6e-60ae34d7b877.pdf) |
| 2026-04-29 | [Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9D42AD9C_332E_4D97_8F58_8385BDE452E8_184000.pdf) |
| 2026-04-29 | [Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1502D382_60D3_44C9_A131_8289246F3573_183735.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/179d2144-9206-4ea6-80c0-9675587509f9.pdf) |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/61a994c9-f218-4156-a27d-4a8a94a36551.pdf) |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/26aedf45-01b6-4621-ab1b-3deb29d01e40.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f24cca60-bf11-4e20-a865-3b134d583d9c.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9d205a1c-f89e-4d50-8378-517bb44042de.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c341ac76-c223-4bbf-ad94-eb57609e8882.pdf) |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c1f116f-2a55-48b4-ba07-5b76e2c1d19c.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/533302/75053533302.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/531931/73621531931_14_07_22.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/533302/69243533302.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-10-12 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d632cbc-911b-48fe-ac3f-caa952c7435d.pdf) |
| 2026-09-18 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=51171563-7f25-4866-b41c-fdc87cbcd73c.pdf) |
| 2026-08-26 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92ddd109-f16c-469c-9d39-a2c334274b25.pdf) |
| 2026-08-25 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8f47d5c-bbce-4d61-b5a8-b640ce0ae23d.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f832017b-396b-40ac-b2d1-f20d0a6b4413.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f97c4a35-370d-4265-8b7e-8d71ca1e673b.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Results- Un- Audited Financial Results For The First Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7aed49ff-9e33-43fb-b3fa-99e6f08edd96.pdf) |
| 2026-08-04 | [Board Meeting Intimation for The Declaration Of Un-Audited Standalone & Consolidated Financial Results Of The Company For The First Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c6f255c-2541-4839-a3a3-a5efface57f3.pdf) |
| 2026-08-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=324eac63-e7c5-4bfd-8f74-bba6f859d0d0.pdf) |
| 2026-07-30 | [Shareholder Meeting -Annual General Meeting On August 25 2026 At 12:30 P.M. (IST)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=498db898-78b4-4131-9cb1-8650594766d7.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Results Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bc9bc570-b4eb-4373-8b3a-efba0906f066.pdf) |
| 2026-05-26 | [Results - Financial Results For The Fourth Quarter And Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e434b59-384b-4295-99da-64f449cf84a5.pdf) |
| 2026-02-13 | [Results - Financial Results For Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7236811-06b9-4c94-91d2-a7ca13536b09.pdf) |
| 2025-11-14 | [Results- Financial Results For The Quarter And Half Year Edned September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31ee7025-a478-4d3a-8d18-d65f58ae0a04.pdf) |
| 2025-08-14 | [Results- Financial Results For Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9060bec7-fe22-4cbc-a48c-aa70938e86c9.pdf) |
| 2025-05-29 | [Results - Financial Results For 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a12a485c-4325-4e75-82ad-b6f51e93ca96.pdf) |
| 2025-02-14 | [Results- Financial Results For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0e3980c-dad7-4ce0-94ce-e99001c9047b.pdf) |
| 2024-11-14 | [Financial Results For The Quarter And Half Year Ended 30Th September 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6acda643-fbb3-4363-b9c0-c64b9b9e997d.pdf) |
| 2024-08-14 | [Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=014e7afd-bbba-418d-bf16-745227760298.pdf) |
| 2024-05-30 | [Results For The Quarter And Financial Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4c0b392-338f-46e5-abb7-1802166a0ae3.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-15T10:29:30.162Z.