Medico Remedies Ltd

Medico Remedies Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Medico Remedies Ltd

₹ 46.2 -1.07%
26 Apr - close price
medicoremedies.com BSE: 540937 NSE - BE : MEDICO
About

Incorporated in 1994, Medico Remedies Ltd manufactures and sells pharmaceutical formulations[1]

Key Points

Business Overview:[1][2]
MRL is a pharmaceutical formulation manufacturing and marketing company with focus on antibiotic, anti-infective, beta-lactam penicillin, cephalosporin, anti fungal, antimalarial, antiretroviral, anti-ulcer drugs and antacids, vitamins & supplements, hematinic and other drugs viz. NSAIDS, antihistaminic, anti-diabetics, cardiovascular drugs, antipyretic, analgesic, diuretics, anti-epileptics, antidepressants, antipsychotics, combination drug kits, dry syrups, ointments and cream & gel for various therapeutic segments

Website BSE NSE - BE
  • Market Cap ₹ 383 Cr.
  • Current Price ₹ 46.2
  • High / Low ₹ 101 / 44.5
  • Stock P/E 54.9
  • Book Value ₹ 5.74
  • Dividend Yield 0.00 %
  • ROCE 21.1 %
  • ROE 18.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 42.8% CAGR over last 5 years

Cons

  • Stock is trading at 8.06 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 13.8% over last 3 years.

* 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: Pharmaceuticals Industry: Pharmaceuticals - Indian - Bulk Drugs & Formln

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
29.07 29.54 30.13 32.28 33.14 40.46 38.85 27.99 31.47 42.36 29.77
28.46 27.37 28.21 29.64 33.32 37.32 35.46 24.82 29.01 39.29 27.04
Operating Profit 0.61 2.17 1.92 2.64 -0.18 3.14 3.39 3.17 2.46 3.07 2.73
OPM % 2.10% 7.35% 6.37% 8.18% -0.54% 7.76% 8.73% 11.33% 7.82% 7.25% 9.17%
0.26 0.80 0.23 0.74 1.60 1.55 0.86 0.04 0.31 0.96 0.27
Interest 0.16 0.17 0.20 0.13 0.17 0.17 0.20 0.21 0.17 0.18 0.22
Depreciation 0.43 0.47 0.44 0.88 0.59 0.66 0.74 0.73 0.71 0.71 0.72
Profit before tax 0.28 2.33 1.51 2.37 0.66 3.86 3.31 2.27 1.89 3.14 2.06
Tax % 50.00% 27.90% 33.11% 20.25% 43.94% 25.65% 32.33% 22.47% 29.63% 22.61% 30.10%
0.14 1.68 1.01 1.88 0.36 2.87 2.25 1.77 1.32 2.43 1.45
EPS in Rs 0.02 0.20 0.12 0.23 0.04 0.35 0.27 0.21 0.16 0.29 0.17
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
34 45 51 67 54 61 98 89 122 121 140 132
32 43 48 63 50 58 95 86 117 114 131 120
Operating Profit 1 2 3 4 4 3 3 3 5 7 10 11
OPM % 4% 5% 6% 5% 7% 6% 3% 3% 4% 6% 7% 9%
0 0 0 0 0 1 2 2 1 2 4 2
Interest 0 1 1 1 1 2 1 1 1 1 1 1
Depreciation 0 1 1 1 1 1 2 2 2 2 3 3
Profit before tax 1 1 1 2 2 2 2 2 4 6 10 9
Tax % 40% 34% 28% 40% 4% 35% 28% 26% 30% 26% 28%
0 1 1 1 2 1 2 2 3 5 7 7
EPS in Rs 0.21 0.25 0.25 0.35 0.25 0.15 0.19 0.20 0.31 0.58 0.87 0.83
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 15%
5 Years: 18%
3 Years: 17%
TTM: -9%
Compounded Profit Growth
10 Years: 33%
5 Years: 43%
3 Years: 64%
TTM: -5%
Stock Price CAGR
10 Years: %
5 Years: 59%
3 Years: 108%
1 Year: -44%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 14%
Last Year: 18%

Balance Sheet

Figures in Rs. Crores

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 1 1 2 2 3 4 4 4 4 17 17 17
Reserves 4 7 12 13 13 23 24 26 28 20 27 31
6 8 8 14 19 13 14 14 15 13 10 8
8 14 14 17 13 20 35 32 28 28 34 47
Total Liabilities 18 31 36 46 48 59 76 75 76 77 87 102
4 8 8 7 7 7 12 13 15 18 22 21
CWIP 0 0 0 0 3 4 1 2 0 0 0 0
Investments 1 0 1 1 0 0 0 0 1 0 0 0
14 23 27 38 39 48 63 60 59 59 66 81
Total Assets 18 31 36 46 48 59 76 75 76 77 87 102

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3 5 5 1 -11 6 8
-3 -5 -4 -3 -17 -2 -7
6 -1 -1 3 18 -6 -2
Net Cash Flow -0 -0 -0 0 -10 -2 -0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 24 49 53 107 122 102 109 98 82 92 94
Inventory Days 61 81 76 63 96 125 74 99 58 76 69
Days Payable 89 139 122 106 112 147 149 143 100 113 108
Cash Conversion Cycle -4 -10 6 64 105 80 33 54 39 54 54
Working Capital Days 69 68 77 109 163 146 87 90 80 82 76
ROCE % 11% 10% 11% 10% 9% 8% 8% 10% 15% 21%

Shareholding Pattern

Numbers in percentages

17 Recently
Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.34% 73.34% 73.34% 73.34% 73.34% 73.34% 73.34% 73.34% 73.34% 73.34% 73.34% 73.34%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.53% 1.19% 1.11% 1.29% 0.29%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.74%
26.66% 26.66% 26.66% 26.66% 26.66% 26.65% 26.66% 26.15% 25.46% 25.55% 25.36% 25.63%
No. of Shareholders 107891201195017781,7773,2875,0555,2646,05210,685

* 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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Documents

Announcements

Annual reports

DRHP

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Concalls

  • Jan 2024
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  • Nov 2022
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