Dolphin Medical Services Ltd

About [ edit ]

Dolphin Medical Services is engaged in the business of Medical Laboratory Services.

  • Market Cap 2.60 Cr.
  • Current Price 1.72
  • High / Low 2.32 / 0.56
  • Stock P/E
  • Book Value 7.11
  • Dividend Yield 0.00 %
  • ROCE -2.08 %
  • ROE -3.55 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.24 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -12.94% over past five years.
  • Promoter holding is low: 26.44%
  • Company has a low return on equity of -2.88% for last 3 years.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Healthcare Industry: Healthcare

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
0.03 0.03 0.02 0.02 0.00 0.00 0.05 0.07 0.06 0.11 0.11 0.16
0.04 0.04 0.05 0.09 0.73 0.16 0.13 0.13 0.12 0.12 0.15 0.14
Operating Profit -0.01 -0.01 -0.03 -0.07 -0.73 -0.16 -0.08 -0.06 -0.06 -0.01 -0.04 0.02
OPM % -33.33% -33.33% -150.00% -350.00% -160.00% -85.71% -100.00% -9.09% -36.36% 12.50%
Other Income 0.03 0.02 0.02 0.02 0.00 0.02 0.02 0.01 0.00 0.01 0.01 0.01
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
Depreciation 0.08 0.08 0.08 0.08 0.00 0.00 0.00 0.00 0.06 0.02 0.02 0.02
Profit before tax -0.06 -0.07 -0.09 -0.13 -0.73 -0.14 -0.06 -0.05 -0.12 -0.02 -0.05 0.01
Tax % 66.67% 0.00% 0.00% 0.00% 2.74% 0.00% 0.00% 0.00% -16.67% 0.00% 0.00% 0.00%
Net Profit -0.03 -0.08 -0.09 -0.13 -0.71 -0.14 -0.06 -0.05 -0.15 -0.02 -0.05 0.02
EPS in Rs -0.02 -0.05 -0.06 -0.09 -0.47 -0.09 -0.04 -0.03 -0.10 -0.01 -0.03 0.01

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
2.70 3.35 4.06 3.76 1.14 0.96 0.36 0.57 0.35 0.15 0.06 0.18 0.44
2.14 2.24 2.82 2.83 1.73 1.06 0.39 0.39 0.33 0.23 0.20 0.53 0.53
Operating Profit 0.56 1.11 1.24 0.93 -0.59 -0.10 -0.03 0.18 0.02 -0.08 -0.14 -0.35 -0.09
OPM % 20.74% 33.13% 30.54% 24.73% -51.75% -10.42% -8.33% 31.58% 5.71% -53.33% -233.33% -194.44% -20.45%
Other Income 0.05 0.07 0.14 -0.54 -0.01 0.00 0.01 0.15 0.02 0.09 -0.63 0.05 0.03
Interest 0.02 0.54 0.67 1.19 0.70 0.05 0.05 0.06 0.01 0.01 0.01 0.00 0.00
Depreciation 0.38 0.57 0.59 0.65 0.65 0.71 0.52 0.34 0.33 0.33 0.24 0.06 0.12
Profit before tax 0.21 0.07 0.12 -1.45 -1.95 -0.86 -0.59 -0.07 -0.30 -0.33 -1.02 -0.36 -0.18
Tax % 38.10% 228.57% 100.00% -2.76% -1.54% 0.00% 3.39% 28.57% 10.00% 12.12% 1.96% -5.56%
Net Profit 0.13 -0.09 0.00 -1.49 -1.98 -0.86 -0.57 -0.05 -0.27 -0.30 -1.01 -0.39 -0.20
EPS in Rs 0.09 -0.06 0.00 -0.99 -1.31 -0.57 -0.38 -0.03 -0.18 -0.20 -0.67 -0.26 -0.13
Dividend Payout % 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:-25%
5 Years:-13%
3 Years:-20%
TTM:200%
Compounded Profit Growth
10 Years:%
5 Years:6%
3 Years:%
TTM:79%
Stock Price CAGR
10 Years:-6%
5 Years:13%
3 Years:9%
1 Year:197%
Return on Equity
10 Years:-4%
5 Years:-2%
3 Years:-3%
Last Year:-4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10
Reserves 2.38 2.61 2.61 1.12 -0.86 -1.72 -2.30 -2.34 -2.61 -2.91 -3.91 -4.30 -4.37
Borrowings 5.49 6.94 6.99 7.69 8.24 8.10 8.05 8.16 8.21 8.21 6.22 6.37 6.40
0.75 0.59 0.81 0.73 0.75 0.75 0.74 0.67 0.65 0.61 0.58 0.71 0.71
Total Liabilities 23.72 25.24 25.51 24.64 23.23 22.23 21.59 21.59 21.35 21.01 17.99 17.88 17.84
8.50 12.15 15.56 11.40 11.94 11.23 14.50 10.36 10.03 9.70 6.79 10.53 10.50
CWIP 8.14 6.63 3.28 7.13 5.93 5.93 2.14 5.93 5.93 5.93 5.93 2.14 2.14
Investments 0.42 0.47 0.50 0.52 0.52 0.52 0.52 0.52 0.41 0.41 0.41 0.41 0.41
6.66 5.99 6.17 5.59 4.84 4.55 4.43 4.78 4.98 4.97 4.86 4.80 4.79
Total Assets 23.72 25.24 25.51 24.64 23.23 22.23 21.59 21.59 21.35 21.01 17.99 17.88 17.84

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2.00 1.36 0.00 1.30 0.15 0.18 -0.12 -0.07 0.00 0.02 -0.13
-9.58 -3.29 0.00 -0.52 -0.11 -0.17 0.01 0.03 0.00 1.97 -0.01
5.20 1.42 0.00 -0.85 -0.04 -0.01 0.11 0.05 0.00 -1.99 0.15
Net Cash Flow -2.38 -0.51 0.00 -0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 1.14% 2.56% 3.20% 1.15% -5.35% -3.69% -2.55% -0.05% -0.96% -1.56% -1.69% -2.08%
Debtor Days 0.00 0.00 0.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover 1.00 1.14 24.00 22.50 8.00 9.14 6.00 18.00 20.00

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
26.44 26.44 26.44 26.44 26.44 26.44 26.44 26.44 26.44 26.44 26.44 26.44
73.56 73.56 73.56 73.56 73.56 73.56 73.56 73.56 73.56 73.56 73.56 73.56

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