Medi Caps Ltd

Medi Caps Ltd

₹ 44.3 0.91%
28 Mar - close price
About

Incorporated in 1983, Medi-Caps Limited flagship company of Medi-Caps Group, is one of the largest manufacturer of empty hard gelatin capsules in terms of manufacturing capacity as well as market capitalization in India. The company together with its subsidiary & now as real estate manages the marketing, production and distribution of products. [1]

Key Points

Products:[1]
The company claims its products to be Sodium Lauryl Sulfate(SLS) free and Preservatives free. There are three main products which the company manufactures -
Empty Hard Gelatin Capsules Shells
The company manufactures these Shells in 6 sizes ranging from 00,0,1el,1,2,3,4 fortified with more than thousand shades.
Halal Gelatin Capsules
The company supplies HALAL GELATIN as there are very less suppliers of genuine Halal quality products.
Liquid Filled Capsules
These manufactured capsules are suitable for pharmaceutical, herbal, nutraceutical, agricultural and especially for cosmetic industry. They can be filled with active substances in form of liquids.

  • Market Cap 55.3 Cr.
  • Current Price 44.3
  • High / Low 63.5 / 30.6
  • Stock P/E
  • Book Value 96.1
  • Dividend Yield 0.00 %
  • ROCE 3.70 %
  • ROE 1.05 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.46 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -1.67% over past five years.
  • Company has a low return on equity of 6.78% over last 3 years.
  • Earnings include an other income of Rs.0.46 Cr.
  • Debtor days have increased from 51.6 to 62.6 days.
  • Working capital days have increased from 120 days to 210 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
18.16 13.52 17.22 17.31 17.78 17.55 12.39 15.37 11.04 10.57 6.38 6.03 7.07
14.56 10.97 13.59 13.74 15.44 17.14 11.56 13.60 9.37 9.80 7.11 5.53 6.37
Operating Profit 3.60 2.55 3.63 3.57 2.34 0.41 0.83 1.77 1.67 0.77 -0.73 0.50 0.70
OPM % 19.82% 18.86% 21.08% 20.62% 13.16% 2.34% 6.70% 11.52% 15.13% 7.28% -11.44% 8.29% 9.90%
0.11 0.45 0.19 0.09 0.18 1.49 0.26 0.89 0.13 0.23 0.07 0.07 0.09
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.37 0.40 0.47 0.47 0.47 0.39 0.50 0.52 0.50 0.22 0.45 0.45 0.45
Profit before tax 3.34 2.60 3.35 3.19 2.05 1.51 0.59 2.14 1.30 0.78 -1.11 0.12 0.34
Tax % 0.00% -0.38% 0.00% 0.00% 0.00% 0.66% 0.00% 0.00% 203.08% 53.85% 0.00% 0.00% 150.00%
3.34 2.61 3.35 3.19 2.05 1.50 0.59 2.14 -1.34 0.36 -1.11 0.12 -0.16
EPS in Rs 2.68 2.09 2.69 2.56 1.64 1.20 0.47 1.72 -1.07 0.29 -0.89 0.10 -0.13
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
25.98 30.02 37.49 36.11 42.97 44.04 53.70 51.79 43.05 58.72 69.87 49.37 30.05
21.82 26.39 33.78 36.19 40.36 42.43 51.53 47.07 49.80 46.44 59.80 44.18 28.81
Operating Profit 4.16 3.63 3.71 -0.08 2.61 1.61 2.17 4.72 -6.75 12.28 10.07 5.19 1.24
OPM % 16.01% 12.09% 9.90% -0.22% 6.07% 3.66% 4.04% 9.11% -15.68% 20.91% 14.41% 10.51% 4.13%
0.12 -1.26 -1.18 1.29 0.68 2.02 1.07 2.73 2.86 0.46 1.95 1.49 0.46
Interest 0.15 0.51 1.16 0.66 0.06 0.10 0.10 0.13 0.12 0.10 0.11 0.13 0.00
Depreciation 1.75 2.12 2.07 1.81 1.80 1.81 1.79 1.82 1.83 1.52 1.81 1.74 1.57
Profit before tax 2.38 -0.26 -0.70 -1.26 1.43 1.72 1.35 5.50 -5.84 11.12 10.10 4.81 0.13
Tax % 61.34% -442.31% -155.71% -63.49% 39.16% 20.35% 14.81% 2.18% -0.17% -0.09% 0.10% 63.62%
0.92 -1.41 -1.79 -2.06 0.86 1.37 1.15 5.39 -5.85 11.13 10.08 1.76 -0.79
EPS in Rs 1.22 -0.57 -1.04 -1.65 0.69 1.10 0.92 4.32 -4.69 8.93 8.08 1.41 -0.63
Dividend Payout % 30.59% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 5%
5 Years: -2%
3 Years: 5%
TTM: -47%
Compounded Profit Growth
10 Years: 9%
5 Years: 2%
3 Years: 30%
TTM: -127%
Stock Price CAGR
10 Years: 16%
5 Years: 22%
3 Years: 3%
1 Year: 38%
Return on Equity
10 Years: 2%
5 Years: 4%
3 Years: 7%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3.12 12.47 12.47 12.47 12.47 12.47 12.47 12.47 12.47 12.47 12.47 12.47 12.47
Reserves 85.44 75.47 71.00 68.94 69.80 76.62 77.75 83.13 78.48 92.24 103.79 106.10 107.39
0.31 6.27 8.87 0.81 0.08 0.09 0.17 0.12 0.06 0.00 0.00 0.00 0.00
9.10 8.22 9.60 7.00 10.68 8.19 10.52 10.89 4.20 10.11 14.09 7.42 5.81
Total Liabilities 97.97 102.43 101.94 89.22 93.03 97.37 100.91 106.61 95.21 114.82 130.35 125.99 125.67
39.40 38.96 36.92 58.05 56.41 62.14 61.03 59.80 57.30 58.12 59.31 58.91 58.26
CWIP 0.00 0.00 0.10 0.00 0.00 0.00 0.00 0.00 0.97 0.54 0.24 0.00 0.00
Investments 36.99 28.40 33.72 5.43 6.74 7.83 11.18 16.35 21.97 29.41 30.67 32.07 35.43
21.58 35.07 31.20 25.74 29.88 27.40 28.70 30.46 14.97 26.75 40.13 35.01 31.98
Total Assets 97.97 102.43 101.94 89.22 93.03 97.37 100.91 106.61 95.21 114.82 130.35 125.99 125.67

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
7.18 -13.93 -1.50 7.05 2.59 4.02 4.20 5.96 4.63 15.32 7.02 -6.08
-7.09 6.42 1.54 -6.97 -1.47 2.57 -4.09 -5.75 -5.80 -9.70 -4.08 -2.56
0.40 6.75 0.00 0.00 -0.73 -5.76 0.08 -0.05 -0.06 -0.06 0.00 0.00
Net Cash Flow 0.49 -0.76 0.04 0.08 0.39 0.83 0.20 0.16 -1.23 5.56 2.95 -8.64

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 74.04 103.35 111.96 87.33 82.48 74.09 88.57 90.56 37.39 39.72 52.61 62.55
Inventory Days 136.70 309.86 235.89 265.71 257.13 230.21 148.16 163.52 75.29 93.95 156.60 121.72
Days Payable 64.25 53.67 52.74 66.33 101.86 75.75 90.99 96.26 26.94 86.24 154.35 48.72
Cash Conversion Cycle 146.49 359.55 295.12 286.71 237.75 228.56 145.73 157.82 85.74 47.42 54.85 135.55
Working Capital Days 194.44 290.10 182.65 184.07 154.26 147.11 113.51 127.85 85.21 63.96 87.66 209.52
ROCE % 3.60% 2.39% 0.44% -0.69% 1.81% 1.48% 1.56% 5.77% -6.58% 11.59% 8.78% 3.70%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
50.14% 50.14% 50.13% 50.13% 50.13% 50.13% 50.13% 50.13% 50.13% 50.13% 50.13% 50.13%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
49.83% 49.83% 49.84% 49.84% 49.84% 49.84% 49.83% 49.85% 49.84% 49.83% 49.84% 49.85%
No. of Shareholders 4,0684,3014,6234,90818,19717,75216,99316,11415,30814,56613,79013,226

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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