Adeshwar Meditex Ltd

Adeshwar Meditex Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Adeshwar Meditex Ltd

₹ 27.7 -7.67%
26 Apr 4:01 p.m.
adeshwarmeditex.com BSE: 543309
About

Incorporated in 2007, Adeshwar Meditex Ltd is a manufacturer and exporter of all forms of first aid kits, surgical dressing, surgical plastics and other medical disposables[1]

Key Points

Business Overview:[1][2]
Company is a WHO cGMP, CE, ISO 9001-2008 Certified manufacturer and exporter of sterile surgical wound dressing products and medical disposables. It deals in all kinds of surgical, pharmaceutical, medicine items including first aid kits, surgical dressings including sterile medicated wound dressings, sterile advanced hemostatic dressings, chitosan, oxidized cellulose and gelatin sponges, medical bandages, medical kits, Home Based New Born (HBNC) and other kits, face masks, and dealing in various items and Turnkey projects for all of the above products and other ancillary business

Website BSE
  • Market Cap ₹ 40.0 Cr.
  • Current Price ₹ 27.7
  • High / Low ₹ 36.0 / 0.00
  • Stock P/E 23.2
  • Book Value ₹ 23.3
  • Dividend Yield 0.00 %
  • ROCE 9.99 %
  • ROE 6.48 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 1.19 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 7.04% over past five years.
  • Company has a low return on equity of 5.99% 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: Healthcare Industry: Healthcare

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
36.53 29.45 30.21 34.54 46.06 36.30 46.26
34.90 26.47 28.12 33.25 43.33 33.84 44.05
Operating Profit 1.63 2.98 2.09 1.29 2.73 2.46 2.21
OPM % 4.46% 10.12% 6.92% 3.73% 5.93% 6.78% 4.78%
0.09 0.17 0.02 0.21 0.08 0.22 0.08
Interest 1.08 1.11 1.02 1.01 1.04 1.01 1.03
Depreciation 0.17 0.17 0.17 0.22 0.26 0.27 0.29
Profit before tax 0.47 1.87 0.92 0.27 1.51 1.40 0.97
Tax % 29.79% 27.27% 26.09% 59.26% 27.81% 29.29% 25.77%
0.33 1.36 0.68 0.11 1.09 0.99 0.73
EPS in Rs 0.63 1.29 0.47 0.08 0.76 0.69 0.51
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
58.60 52.92 56.12 65.97 64.76 82.36 82.56
52.96 47.44 50.64 61.22 61.39 77.18 77.89
Operating Profit 5.64 5.48 5.48 4.75 3.37 5.18 4.67
OPM % 9.62% 10.36% 9.76% 7.20% 5.20% 6.29% 5.66%
0.10 0.25 0.28 0.13 0.23 0.31 0.30
Interest 1.78 2.23 2.52 2.19 2.03 2.05 2.04
Depreciation 0.36 0.35 0.34 0.35 0.38 0.53 0.56
Profit before tax 3.60 3.15 2.90 2.34 1.19 2.91 2.37
Tax % 29.72% 28.25% 27.24% 28.63% 33.61% 28.52%
2.54 2.26 2.12 1.68 0.79 2.07 1.72
EPS in Rs 5.10 4.54 4.03 1.60 0.55 1.43 1.20
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 14%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: -4%
3 Years: -1%
TTM: 43%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 13%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 6%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4.98 4.98 5.27 10.53 14.43 14.43 14.43
Reserves 8.55 10.81 13.64 10.05 16.52 18.48 19.21
11.58 19.92 21.32 22.45 18.99 16.43 13.50
7.33 5.79 14.57 19.27 22.63 17.67 24.29
Total Liabilities 32.44 41.50 54.80 62.30 72.57 67.01 71.43
2.36 2.44 2.28 2.24 3.03 3.70 3.77
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.02 0.04 0.08 0.08 0.10 0.10 0.10
30.06 39.02 52.44 59.98 69.44 63.21 67.56
Total Assets 32.44 41.50 54.80 62.30 72.57 67.01 71.43

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.99 3.15 -2.44 5.93
1.58 -0.71 -1.16 -1.16
-0.07 -3.11 4.44 -4.78
Net Cash Flow 0.53 -0.66 0.85 -0.02

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 108.69 134.63 181.26 150.82 183.06 123.78
Inventory Days 64.44 112.51 119.36 174.35 168.24 127.72
Days Payable 43.11 38.76 104.70 119.86 138.51 88.18
Cash Conversion Cycle 130.02 208.39 195.93 205.31 212.79 163.33
Working Capital Days 129.43 211.19 222.82 194.70 221.28 170.71
ROCE % 17.69% 14.27% 11.22% 6.93% 9.99%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
58.45% 42.65% 42.65% 42.65% 42.65% 42.65% 42.65%
41.55% 57.35% 57.35% 57.35% 57.36% 57.33% 57.35%
No. of Shareholders 10219188171164181179

Documents

Announcements

Annual reports