QMS Medical Allied Services Ltd
Incorporated in 2017, QMS Medical Allied Services Limited is engaged in the marketing and distribution of a wide range of medical products as well as medical education services. The company's products are sold under the brand name "QDevices" and they also manage the distribution for other brands such as 3M, Heine, Rossmax, etc.[1]
- Market Cap ₹ 240 Cr.
- Current Price ₹ 134
- High / Low ₹ 232 / 121
- Stock P/E 26.4
- Book Value ₹ 41.8
- Dividend Yield 0.37 %
- ROCE 13.8 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.6%
Cons
- Company might be capitalizing the interest cost
- Debtor days have increased from 104 to 137 days.
- Working capital days have increased from 146 days to 222 days
* 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.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
0 | 52 | 73 | 122 | 146 | 104 | |
0 | 47 | 63 | 105 | 130 | 93 | |
Operating Profit | 0 | 5 | 10 | 17 | 17 | 11 |
OPM % | 12% | 9% | 13% | 14% | 11% | 11% |
0 | 0 | 0 | 0 | 1 | 1 | |
Interest | 0 | 0 | 1 | 1 | 2 | 2 |
Depreciation | 0 | 0 | 0 | 1 | 1 | 1 |
Profit before tax | 0 | 4 | 9 | 15 | 14 | 9 |
Tax % | 0% | 30% | 28% | 27% | 26% | 27% |
0 | 3 | 6 | 11 | 11 | 6 | |
EPS in Rs | 10.00 | 3,070.00 | 21.00 | 29.02 | 28.41 | 3.57 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 320% |
3 Years: | 13% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 264% |
3 Years: | 0% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -40% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 37% |
3 Years: | 30% |
Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0 | 0 | 3 | 4 | 4 | 18 | 18 |
Reserves | 0 | 3 | 6 | 17 | 27 | 53 | 57 |
0 | 5 | 12 | 20 | 32 | 26 | 33 | |
5 | 10 | 12 | 20 | 19 | 22 | 10 | |
Total Liabilities | 5 | 18 | 33 | 60 | 82 | 118 | 118 |
0 | 0 | 3 | 10 | 8 | 25 | 26 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
5 | 18 | 30 | 50 | 75 | 91 | 92 | |
Total Assets | 5 | 18 | 33 | 60 | 82 | 118 | 118 |
Cash Flows
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
0 | 0 | 7 | 2 | -2 | -8 | |
0 | -0 | -4 | -8 | 2 | -25 | |
0 | 0 | -3 | 7 | 0 | 32 | |
Net Cash Flow | 0 | 0 | 1 | 1 | 1 | -1 |
Ratios
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
Debtor Days | 411 | 56 | 56 | 69 | 105 | 137 |
Inventory Days | 22,891 | 76 | 103 | 82 | 80 | 140 |
Days Payable | 26,124 | 75 | 73 | 73 | 56 | 91 |
Cash Conversion Cycle | -2,822 | 58 | 86 | 77 | 129 | 187 |
Working Capital Days | 137 | 52 | 85 | 84 | 131 | 222 |
ROCE % | 121% | 65% | 54% | 30% | 14% |
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates 4 December 2023
- Analysts/Institutional Investor Meet/Con. Call Updates 27 November 2023
- Analysts/Institutional Investor Meet/Con. Call Updates 24 November 2023
- Analysts/Institutional Investor Meet/Con. Call Updates 21 November 2023
- Copy of Newspaper Publication 17 November 2023
Business Area[1]
QMS Medical Allied Services Ltd. (QMASL) is engaged in the marketing and distribution of a wide range of medical and healthcare devices and accessories. It markets and distributes these products to various end users such as clinics, pharma, and medical companies and also to individual users. These devices are sold directly by the brand of the manufacturer and also under their own brand of QMS.