Invicta Diagnostic Ltd IPO 2026
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 17.08 | 30.18 | 15.90 |
| Profit After Tax | 4.08 | 4.93 | 3.81 |
| EBITDA | 6.77 | 9.20 | 7.09 |
| Net Worth | 23.68 | 13.60 | 8.67 |
| Total Assets | 34.90 | 21.22 | 15.89 |
| Reserves & Surplus | 14.42 | 5.18 | 8.54 |
| Total Borrowings | 3.72 | 3.54 | 3.81 |
Incorporated in January 2021, Invicta Diagnostic Limited offers radiology and pathology solutions. The company provides pathology and radiology testing, including imaging, radiology, and teleradiology, under the brand 'PC Diagnostics' through 7 diagnostic centres and a central laboratory across Mumbai, Maharashtra.
Invicta Diagnostics Limited (trading as PC Diagnostics) is a Mumbai-based diagnostic services company specialising in integrated pathology and radiology solutions. The company follows a hub‑and‑spoke model across the Mumbai Metropolitan Region, featuring:
- A flagship hub in Thane West offering full-spectrum pathology and advanced radiology (PET CT, MRI)
- Three additional hubs (Bhayandar, Byculla, Marol) providing specialised diagnostic services
- Three spokes in Lower Parel, Sewri, and Kalwa focused on basic imaging (X-ray, ultrasound) and sample collection.
The company offers around 60 routine and 487 specialised pathology tests, plus about 96 basic and 130 advanced radiology tests.
Invicta Diagnostics provides a comprehensive suite of diagnostic services, which includes:
- Routine Tests: Includes CBC, lipid profiles, liver function tests (LFT), kidney function tests (KFT), and thyroid panels
- Specialised Tests: Covers molecular diagnostics, immunoassays, infectious disease markers (e.g., dengue, COVID-19), cancer markers, and genetic panels
- Sample Collection Network: Invicta uses phlebotomists and collection partners to reach patients at home or through its spoke centres.
As of October 31, 2025, the company employed 157 permanent employees.
Competitive Strength:
- Expanding presence in the Mumbai Metropolitan Region (“MMR”), specifically in the radiology sector;
- A diagnostics provider that offers a one-stop solution at an affordable price.
- Technical capability and technology with IT infrastructure;
- Dedicated management team with significant industry experience; and
- Implementation of the Hub and Spoke Model.