Docmode Health Technologies Ltd
Incorporated in 2017, Doctrack Solutions Ltd is engaged in the business of offering integrated learning solutions through online and offline learning models to healthcare professionals and learners.[1]
- Market Cap ₹ 10.2 Cr.
- Current Price ₹ 32.5
- High / Low ₹ 125 / 29.9
- Stock P/E
- Book Value ₹ 26.2
- Dividend Yield 0.00 %
- ROCE 6.12 %
- ROE -1.57 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.36%
- Promoter holding is low: 29.5%
- Company has a low return on equity of -8.01% over last 3 years.
- Promoters have pledged 37.4% of their holding.
- Earnings include an other income of Rs.1.39 Cr.
- Company's cost of borrowing seems high
* 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
Consumer Discretionary Consumer Services Other Consumer Services E-Learning
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 6.94 | 7.09 | 12.42 | 32.88 | 39.93 | 41.71 | 25.52 | |
| 6.55 | 6.22 | 10.52 | 29.14 | 38.05 | 42.40 | 25.85 | |
| Operating Profit | 0.39 | 0.87 | 1.90 | 3.74 | 1.88 | -0.69 | -0.33 |
| OPM % | 5.62% | 12.27% | 15.30% | 11.37% | 4.71% | -1.65% | -1.29% |
| 0.00 | 0.00 | 0.01 | 0.10 | 0.14 | 0.93 | 1.39 | |
| Interest | 0.01 | 0.19 | 0.38 | 1.13 | 1.65 | 1.91 | 0.97 |
| Depreciation | 0.05 | 0.04 | 0.02 | 0.02 | 0.02 | 0.30 | 0.23 |
| Profit before tax | 0.33 | 0.64 | 1.51 | 2.69 | 0.35 | -1.97 | -0.14 |
| Tax % | -6.06% | 14.06% | 38.41% | 27.88% | 42.86% | 3.05% | -7.14% |
| 0.34 | 0.55 | 0.92 | 1.95 | 0.19 | -2.03 | -0.13 | |
| EPS in Rs | 8.50 | 0.60 | -6.46 | -0.41 | |||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | -8% |
| TTM: | -39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 94% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | -8% |
| Last Year: | -2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 2.29 | 3.14 | 3.14 | 3.14 |
| Reserves | -0.10 | 0.46 | 1.38 | 1.19 | 7.24 | 5.21 | 5.08 |
| 0.02 | 1.06 | 4.84 | 8.48 | 9.18 | 6.82 | 3.73 | |
| 1.96 | 4.14 | 3.86 | 5.05 | 10.62 | 24.14 | 21.55 | |
| Total Liabilities | 1.89 | 5.67 | 10.09 | 17.01 | 30.18 | 39.31 | 33.50 |
| 0.05 | 0.03 | 0.06 | 0.05 | 0.97 | 1.22 | 14.46 | |
| CWIP | 0.10 | 0.12 | 0.44 | 2.03 | 8.50 | 11.60 | 0.00 |
| Investments | 0.00 | 0.10 | 1.25 | 1.20 | 1.26 | 1.29 | 1.30 |
| 1.74 | 5.42 | 8.34 | 13.73 | 19.45 | 25.20 | 17.74 | |
| Total Assets | 1.89 | 5.67 | 10.09 | 17.01 | 30.18 | 39.31 | 33.50 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 0.17 | -0.50 | -2.05 | -0.83 | 4.49 | 6.64 | 0.00 | |
| -0.20 | -0.13 | -1.52 | -1.57 | -7.55 | -3.67 | 0.00 | |
| 0.01 | 0.84 | 3.41 | 2.65 | 5.76 | -4.27 | 0.00 | |
| Net Cash Flow | -0.03 | 0.21 | -0.17 | 0.25 | 2.70 | -1.30 | 0.00 |
| Free Cash Flow | -0.03 | -0.54 | -2.42 | -2.43 | -2.93 | 2.99 | 0.00 |
| CFO/OP | 46% | -57% | -103% | -22% | 238% | -981% | 0% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0.53 | 70.01 | 112.26 | 92.03 | 104.85 | 80.86 | 106.41 |
| Inventory Days | 120.77 | 668.83 | 588.71 | 142.15 | |||
| Days Payable | 60.38 | 511.82 | 379.13 | 64.38 | |||
| Cash Conversion Cycle | 60.91 | 227.03 | 321.84 | 92.03 | 104.85 | 80.86 | 184.18 |
| Working Capital Days | -22.62 | 30.37 | 92.28 | 50.07 | 11.06 | -54.26 | -94.11 |
| ROCE % | 113.70% | 48.71% | 42.00% | 12.69% | -0.35% | 6.12% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| DocMode SURE Registered HCPs HCPs |
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| Employee Count employees |
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| AIDE Active Users users |
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| Certification Programs courses |
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| DocMode LERN Registered HCPs HCPs |
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| National & International Speaker Programs programs |
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Extracted by Screener AI
Documents
Announcements
-
Shareholders meeting
- 9th AGM on 30 Sep 2026; seeks approval for Rs 30 crore FY27 related party transactions.
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Outcome of Board Meeting
- Board approved FY26 audited results on 4 Sep 2026; auditors issued qualified opinion over Rs.2.25 crore NCD default.
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Trading Window
- Trading window closed from 31 Aug 2026 until 48 hours after audited results for FY26.
-
Amendment to AOA/MOA
- MCA approved name change from Docmode Health Technologies to Doctrack Solutions Limited effective 28 July 2026.
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Updates
- Reconciliation of Share Capital Audit Report filed for quarter ended 30 June 2026.
Business Overview:[1]
DSL offers integrated learning solutions—online and offline—to healthcare professionals and learners globally, spanning the education value chain. It also operates a network-powered surveys and research offering, enabling healthcare professionals to participate in marketing surveys and clinical studies; a knowledge marketing services line supporting medico-marketing organisations with promotional literature, medical writing, and customised learning; clinical research support under an Ethics Committee registered with CDSCO; and an online store offering books, journals, event passes, and memberships for healthcare professionals.