Nidan Laboratories & Healthcare Ltd
₹ 27.0
-3.22%
28 Mar
- close price
About
Incorporated in 2000, Nidan Laboratories & Healthcare Ltd provides various Healthcare and Diagnostics Services[1]
Key Points
- Market Cap ₹ 37.6 Cr.
- Current Price ₹ 27.0
- High / Low ₹ 57.7 / 27.0
- Stock P/E 12.0
- Book Value ₹ 51.3
- Dividend Yield 0.00 %
- ROCE 8.17 %
- ROE 4.94 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.53 times its book value
- Company's working capital requirements have reduced from 184 days to 137 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -8.43%
- Company has a low return on equity of 6.78% over last 3 years.
- Earnings include an other income of Rs.4.52 Cr.
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|
20.07 | 21.41 | 20.38 | 29.66 | 24.27 | 22.00 | |
12.23 | 13.78 | 11.49 | 20.25 | 17.47 | 17.02 | |
Operating Profit | 7.84 | 7.63 | 8.89 | 9.41 | 6.80 | 4.98 |
OPM % | 39.06% | 35.64% | 43.62% | 31.73% | 28.02% | 22.64% |
0.37 | 0.01 | 1.06 | 0.40 | 3.33 | 4.52 | |
Interest | 4.75 | 3.74 | 3.46 | 2.66 | 2.22 | 2.17 |
Depreciation | 3.24 | 3.19 | 3.18 | 2.63 | 3.10 | 2.94 |
Profit before tax | 0.22 | 0.71 | 3.31 | 4.52 | 4.81 | 4.39 |
Tax % | 0.00% | 0.00% | 30.21% | 41.15% | 26.40% | |
0.22 | 0.71 | 2.30 | 2.66 | 3.54 | 3.14 | |
EPS in Rs | 0.22 | 0.72 | 2.32 | 1.91 | 2.55 | 2.26 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 4% |
TTM: | -19% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 68% |
TTM: | -1% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -18% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 7% |
Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|
Equity Capital | 9.90 | 9.90 | 9.90 | 13.90 | 13.90 | 13.90 |
Reserves | 0.41 | 1.13 | 3.43 | 52.00 | 55.54 | 57.46 |
32.16 | 34.35 | 38.04 | 19.29 | 10.93 | 14.25 | |
0.58 | -0.17 | 2.37 | 3.29 | 4.03 | 3.28 | |
Total Liabilities | 43.05 | 45.21 | 53.74 | 88.48 | 84.40 | 88.89 |
23.28 | 20.10 | 19.92 | 20.46 | 21.39 | 20.35 | |
CWIP | 0.00 | 0.00 | 0.23 | 3.81 | 0.00 | 0.00 |
Investments | 0.53 | 0.53 | 0.27 | 0.00 | 0.00 | 46.78 |
19.24 | 24.58 | 33.32 | 64.21 | 63.01 | 21.76 | |
Total Assets | 43.05 | 45.21 | 53.74 | 88.48 | 84.40 | 88.89 |
Cash Flows
Figures in Rs. Crores
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
8.95 | 4.62 | 4.35 | 7.83 | 13.90 | |
1.00 | -0.01 | -3.22 | -35.74 | -2.99 | |
-5.81 | -1.56 | -1.22 | 28.72 | -10.59 | |
Net Cash Flow | 4.14 | 3.05 | -0.10 | 0.80 | 0.32 |
Ratios
Figures in Rs. Crores
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
Debtor Days | 102.03 | 92.57 | 97.25 | 65.96 | 90.69 |
Inventory Days | 16.98 | 12.88 | 18.17 | 25.99 | |
Days Payable | 116.72 | -25.76 | 213.05 | 135.84 | |
Cash Conversion Cycle | 2.29 | 131.22 | -97.64 | -43.89 | 90.69 |
Working Capital Days | 256.25 | 291.69 | 238.56 | 176.10 | 136.56 |
ROCE % | 10.13% | 13.99% | 10.09% | 8.17% |
Documents
Announcements
- Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent 22 February 2024
- Change in Company Secretary/Compliance Officer 22 February 2024
- Outcome of Board Meeting 22 February 2024
- Change in Company Secretary/Compliance Officer 19 January 2024
- Certificate under SEBI (Depositories and Participants) Regulations, 2018 15 January 2024
History[1]
Nidan was established in 2000 by Dr. Nitin Thorve and Mrs. Roshan Thorve. The company runs 35 diagnostic centres across greater Mumbai. Nidan operates its centres through the brand named 'Nidan Diagnostics’ and offers services including CT scan, MRI, Ultra Sound, 2D Echo, ECG, etc. The company is listed on NSE.