Smartsaa Instruments I: Comprehensive Tender Performance Analysis

Executive Summary

Smartsaa Instruments I Private Limited demonstrates a mixed performance in Indian government tenders. From April 2023 to March 2024, the company participated in 24 tenders, achieving a 33.3% win rate and securing 8 L1 bids. Their qualification rate stands at 83.3%, indicating strong compliance with tender requirements. The company's financial health, assessed by TenderAI, is rated as 'Concerning' with a score of 44.4/100. This score is based on several components including win rate, contract value, bid efficiency, growth, and consistency. Smartsaa Instruments I shows a specialized focus on tenders from the Ministry of Power and the Steel Authority of India Limited (SAIL). Analysis of head-to-head competition reveals key competitors such as PAWAN GROUP and M/S JAIN SONS INDIA. Despite a reasonable win rate, there's room for improvement in securing higher value contracts and enhancing overall financial consistency.

Financial Performance Analysis

Smartsaa Instruments I's financial performance in government tenders shows a fluctuating trend. The yearly performance, spanning from FY2018-19 to FY2024-25, indicates a recent surge in activity. In FY2023-24, the company participated in 17 bids, winning 5, with a total contract value of ₹1,36,25,335. In FY2024-25, bid participation decreased to 7, with 3 wins and a contract value of ₹49,46,334. This represents a 63.7% decrease in contract value from the previous year. Quarter-wise analysis would reveal potential seasonal patterns, allowing for optimized resource allocation. Bid distribution analysis from April 2023 to March 2024 reveals that 19 bids fall within the ₹0 price range, while 2 bids are in the ₹70,00,000 price range, indicating a focus on lower-value contracts. Overall, Smartsaa Instruments I's financial performance shows potential for growth, particularly by targeting higher-value tenders.