QMS Medical Allied Services Ltd
Incorporated in 2017, QMS Medical Allied Services Ltd is a manufacturer and distributor of medical devices[1]
- Market Cap ₹ 255 Cr.
- Current Price ₹ 132
- High / Low ₹ 137 / 69.0
- Stock P/E 39.1
- Book Value ₹ 53.9
- Dividend Yield 0.38 %
- ROCE 11.2 %
- ROE 6.86 %
- 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 10.2% 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 52 | 73 | 122 | 146 | 104 | 122 | 145 | 152 | 162 | |
| 0 | 47 | 63 | 105 | 130 | 93 | 104 | 121 | 131 | 141 | |
| Operating Profit | 0 | 5 | 10 | 17 | 17 | 11 | 18 | 23 | 21 | 21 |
| OPM % | 12% | 9% | 13% | 14% | 11% | 11% | 15% | 16% | 14% | 13% |
| -0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | |
| Interest | -0 | 0 | 1 | 1 | 2 | 2 | 3 | 6 | 8 | 8 |
| Depreciation | -0 | 0 | 0 | 1 | 1 | 1 | 3 | 3 | 4 | 4 |
| Profit before tax | 0 | 4 | 9 | 15 | 14 | 9 | 12 | 14 | 9 | 9 |
| Tax % | -0% | 30% | 28% | 27% | 26% | 27% | 26% | 28% | 29% | |
| 0 | 3 | 6 | 11 | 11 | 6 | 9 | 10 | 7 | 7 | |
| EPS in Rs | 19.15 | 26.63 | 26.07 | 3.31 | 4.66 | 5.40 | 3.41 | 3.38 | ||
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | 10% | -0% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 14% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -10% |
| 3 Years: | 1% |
| TTM: | -39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -2% |
| 1 Year: | 78% |
| 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% | 103% |
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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Copy of Newspaper Publication
- Published newspaper extract of unaudited standalone and consolidated Q1 FY2026-27 results on August 15, 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
- Q1 FY27 earnings call scheduled for 17 August 2026 at 12:00 PM IST.
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Analysts/Institutional Investor Meet/Con. Call Updates
- QMS Medical Allied schedules one-on-one in-person analyst meeting with Ashika Investment Managers AIF on August 19, 2026.
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Outcome of Board Meeting
- Board approved unaudited standalone and consolidated results for quarter ended June 30, 2026; auditors issued unmodified review.
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Analysts/Institutional Investor Meet/Con. Call Updates
- QMS Medical Allied Services to host Q1 FY27 earnings call on 17 August 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.