QMS Medical Allied Services Ltd
Incorporated in 2017, QMS Medical Allied Services Ltd is a manufacturer and distributor of medical devices[1]
- Market Cap ₹ 202 Cr.
- Current Price ₹ 104
- High / Low ₹ 114 / 69.0
- Stock P/E 30.2
- Book Value ₹ 53.9
- Dividend Yield 0.48 %
- ROCE 11.2 %
- ROE 6.96 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 187 days to 93.0 days
Cons
- The company has delivered a poor sales growth of 4.53% over past five years.
- Company has a low return on equity of 10.3% over last 3 years.
- Promoter holding has decreased over last 3 years: -5.56%
* 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
Healthcare Healthcare Healthcare Equipment & Supplies Medical Equipment & Supplies
Part of Nifty SME Emerge
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 52 | 73 | 122 | 146 | 104 | 122 | 145 | 152 | |
| 0 | 47 | 63 | 105 | 130 | 93 | 104 | 121 | 132 | |
| Operating Profit | 0 | 5 | 10 | 17 | 17 | 11 | 18 | 23 | 20 |
| OPM % | 12% | 9% | 13% | 14% | 11% | 11% | 15% | 16% | 13% |
| 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 1 | 1 | 2 | 2 | 3 | 6 | 8 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 3 | 4 |
| Profit before tax | 0 | 4 | 9 | 15 | 14 | 9 | 12 | 14 | 9 |
| Tax % | 0% | 30% | 28% | 27% | 26% | 27% | 26% | 28% | 29% |
| 0 | 3 | 6 | 11 | 11 | 6 | 9 | 10 | 7 | |
| EPS in Rs | 19.15 | 26.63 | 26.07 | 3.31 | 4.66 | 5.40 | 3.46 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 10% | 0% | 14% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 14% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -9% |
| 3 Years: | 2% |
| TTM: | -36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -10% |
| 1 Year: | 36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 10% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 3 | 4 | 4 | 18 | 18 | 18 | 19 |
| Reserves | 0 | 3 | 6 | 17 | 27 | 53 | 61 | 70 | 85 |
| 0 | 5 | 12 | 20 | 32 | 26 | 2 | 28 | 91 | |
| 5 | 10 | 12 | 20 | 19 | 22 | 54 | 73 | 25 | |
| Total Liabilities | 5 | 18 | 33 | 60 | 82 | 118 | 135 | 189 | 220 |
| 0 | 0 | 3 | 10 | 8 | 25 | 24 | 22 | 27 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 48 | 63 |
| 5 | 18 | 30 | 50 | 75 | 91 | 108 | 115 | 130 | |
| Total Assets | 5 | 18 | 33 | 60 | 82 | 118 | 135 | 189 | 220 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 4 | 2 | -2 | -8 | 1 | 18 | 19 | |
| 0 | -0 | -4 | -8 | 2 | -25 | -2 | -48 | -18 | |
| 0 | 0 | 0 | 7 | 0 | 32 | -1 | -2 | -1 | |
| Net Cash Flow | 0 | 0 | 1 | 1 | 1 | -1 | -1 | -32 | -0 |
| Free Cash Flow | 0 | 0 | 1 | -6 | -2 | -9 | 1 | 18 | 19 |
| CFO/OP | 200% | 34% | 44% | 34% | 11% | -47% | 26% | 98% | 105% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 411 | 56 | 56 | 69 | 105 | 137 | 124 | 104 | 142 |
| Inventory Days | 22,891 | 76 | 108 | 82 | 80 | 140 | 172 | 176 | 191 |
| Days Payable | 26,124 | 75 | 78 | 73 | 56 | 91 | 90 | 74 | 75 |
| Cash Conversion Cycle | -2,822 | 58 | 86 | 77 | 129 | 187 | 205 | 206 | 258 |
| Working Capital Days | -91 | 20 | 27 | 28 | 57 | 138 | 244 | 224 | 93 |
| ROCE % | 121% | 65% | 54% | 30% | 14% | 17% | 21% | 11% |
Insights
In beta| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Institutional Clients (Pharma Companies) Clients |
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| Number of B2B Health Camps Conducted Camps |
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| Number of Product SKUs SKUs |
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| Number of Trained DMLT Field Technicians DMLTs |
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| Patients Served (Screened / On Digital Platform) Patients |
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| Serviceable PIN Codes PIN codes |
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| Total Employees / Professionals Employees |
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Extracted by Screener AI
Documents
Announcements
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Trading Window
26 June 2026 - Trading window closed from 1 July 2026 until 48 hours after Q1 FY2027 results.
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Press Release
18 June 2026 - QMS Medical Allied migrates to NSE Mainboard on 18 June 2026; FY26 revenue Rs. 172.9 crore.
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General Updates
16 June 2026 - NSE approved QMS Medical's migration to Main Board from SME Emerge, effective June 18, 2026.
Annual reports
Concalls
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Jun 2026TranscriptPPT
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT
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Aug 2025TranscriptPPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Sep 2023Transcript PPT
Business Overview:[1]
QMASL does marketing and distribution of medical products and medical education services to clinics, pharma, medical companies and also to individual users. These devices are sold directly in the brand of the manufacturer and are sold under the brand name Q Devices. Company manages the distribution for other brands viz. 3M, Heine, Rossmax, etc.