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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹396 Cr.
Stock P/E
39.2
P/B
5.2
Current Price
₹47.7
Book Value
₹ 9.1
Face Value
2
52W High
₹57
52W Low
₹ 31
Dividend Yield
0%

Medico Remedies Overview

Business

Medico Remedies Ltd. is an Indian pharmaceutical company primarily engaged in the manufacturing, marketing, and distribution of a range of pharmaceutical formulations. The company likely focuses on producing generic drugs across various therapeutic categories. Its core business model involves developing and manufacturing these formulations, obtaining necessary regulatory approvals, and then selling them to domestic and international markets through a network of distributors, wholesalers, and healthcare institutions. Revenue is generated from the sale of these finished pharmaceutical products.

Revenue Mix

Without specific financial data, the exact revenue mix cannot be determined. However, typical segments for Indian generic pharmaceutical companies include:

Domestic Formulations: Sales of branded and unbranded generic drugs within India.

International Formulations (Exports): Sales of pharmaceutical products to various regulated and semi-regulated markets globally.

Medico Remedies Ltd. likely derives the majority of its revenue from the sale of finished dosage forms in these two broad categories.

Industry

Medico Remedies operates within the highly competitive and fragmented Indian Pharmaceuticals & Drugs sector. The industry is characterized by a strong focus on generic drug manufacturing, cost-effective production, and increasing exports. India is a global leader in generic drug supply. Medico Remedies is likely a small to mid-sized player within this vast landscape, competing with numerous domestic and international companies. Its positioning would depend on its specific therapeutic focus, manufacturing capabilities, and market penetration, particularly in its chosen domestic and export geographies.

MOAT

Durable competitive advantages are challenging for generic pharmaceutical companies due to intense competition and product commoditization. Potential competitive advantages for Medico Remedies, if present, could include:

Cost-Efficiency in Manufacturing: Ability to produce formulations at a lower cost than competitors.

Specific Regulatory Approvals: Attaining approvals (e.g., WHO-GMP, specific country regulatory approvals) that allow market access.

Established Distribution Networks: Strong relationships and reach within specific domestic or international markets.

Niche Product Portfolio: Specialization in certain therapeutic areas or complex generics.

However, these are often operational strengths rather than strong, long-lasting moats that fundamentally protect market share or pricing power.

Growth Drivers

Key factors that could drive growth for Medico Remedies over the next 3-5 years include:

Increasing Demand for Generics: Global healthcare expenditure growth, aging populations, and rising prevalence of chronic diseases continue to fuel demand for affordable generic drugs.

New Product Launches: Introduction of new generic formulations or expanding into new therapeutic segments.

Market Expansion: Entering new geographical markets or strengthening presence in existing ones, particularly in export markets.

Capacity Utilization & Expansion: Optimizing existing manufacturing facilities or expanding capacity to meet growing demand.

Government Healthcare Initiatives: Growing healthcare access and expenditure in India can boost domestic sales.

Risks

Intense Competition & Pricing Pressure: The generic market is highly competitive, leading to constant pressure on product pricing and profit margins.

Regulatory Risks: Strict and evolving regulations in both domestic and international markets (e.g., product approvals, manufacturing standards, quality control) can impact operations and market access.

Raw Material Volatility: Fluctuations in the cost and availability of Active Pharmaceutical Ingredients (APIs) and other raw materials.

Foreign Exchange Fluctuations: For companies with significant export revenues, currency volatility can impact profitability.

Product Quality & Recalls: Manufacturing defects or quality control issues can lead to product recalls, reputational damage, and financial penalties.

Dependence on Key Markets/Products: Over-reliance on a few products or specific geographies can expose the company to concentrated risks.

Management & Ownership

Medico Remedies Ltd., like many Indian companies, is likely promoter-led, meaning the founding family or individuals hold a significant ownership stake and play a crucial role in management. Assessing management quality without specific information requires looking at historical performance, corporate governance practices, and strategic decisions, which are not provided here. Ownership is typically concentrated with the promoter group, often along with institutional and public shareholders.

Outlook

Medico Remedies operates in a resilient and growing pharmaceutical industry driven by increasing global healthcare needs and demand for affordable generics. The company's future hinges on its ability to effectively navigate the highly competitive landscape, maintain cost-efficient manufacturing, ensure robust quality control, and strategically expand its product portfolio and market reach. The Indian pharma sector offers growth opportunities, but Medico Remedies must consistently manage pricing pressures, regulatory complexities, and raw material risks to sustain profitability and scale operations. Its success will depend on disciplined execution, prudent capital allocation, and a focus on operational excellence in a sector where differentiation is often challenging.

Medico Remedies Share Price

Live · BSE / NSE · Inception: 1994
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Medico Remedies Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 30 41 31 39 39 41 38 53 59 57
Other Income 0 1 0 1 1 0 1 2 1 3
Total Income 30 42 31 40 41 42 39 54 59 60
Total Expenditure 27 37 28 37 36 35 35 50 54 50
Operating Profit 3 5 3 3 5 7 3 4 5 10
Interest 0 0 0 0 0 0 0 0 0 1
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 4 2 2 3 6 2 3 4 8
Provision for Tax 1 1 1 1 1 1 1 1 1 2
Profit After Tax 1 3 2 2 3 4 2 3 3 6
Adjustments 0 0 0 -0 0 0 0 0 -0 0
Profit After Adjustments 1 3 2 2 3 4 2 3 3 6
Adjusted Earnings Per Share 0.2 0.4 0.2 0.2 0.3 0.5 0.2 0.3 0.3 0.7

Medico Remedies Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 51 67 54 61 98 89 122 121 140 145 151 207
Other Income 0 0 0 1 2 2 1 2 4 2 3 7
Total Income 51 67 55 62 100 91 123 123 145 147 154 212
Total Expenditure 48 63 50 58 95 86 117 114 131 132 137 189
Operating Profit 3 4 4 4 5 5 6 9 14 15 18 22
Interest 1 1 1 2 1 1 1 1 1 1 1 1
Depreciation 1 1 1 1 2 2 2 2 3 3 3 4
Exceptional Income / Expenses 0 0 -0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 2 2 2 2 2 4 6 10 11 14 17
Provision for Tax 0 1 0 1 1 1 1 2 3 3 3 5
Profit After Tax 1 1 2 1 2 2 3 5 7 8 10 14
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 1 2 1 2 2 3 5 7 8 10 14
Adjusted Earnings Per Share 0.1 0.2 0.3 0.1 0.2 0.2 0.3 0.6 0.9 1 1.2 1.5

Medico Remedies Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 14 15 16 27 28 30 32 37 44 52 62
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 4 11 2 2 5 5 1 0 0 0
Other Non-Current Liabilities 1 1 0 0 0 0 0 2 2 1 0
Total Current Liabilities 22 26 21 30 45 40 38 40 43 45 59
Total Liabilities 36 46 48 59 76 75 76 79 89 98 122
Fixed Assets 8 7 7 7 12 13 15 18 22 21 21
Other Non-Current Assets 2 2 3 7 5 6 2 2 1 1 2
Total Current Assets 26 37 38 46 59 57 58 59 66 76 99
Total Assets 36 46 48 59 76 75 76 79 89 98 122

Medico Remedies Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 2 1 1 0 0 0 3 1 1 0
Cash Flow from Operating Activities -0 -4 -3 5 5 1 -11 6 8 2 5
Cash Flow from Investing Activities -2 0 -3 -5 -4 -3 -17 -2 -7 -3 -3
Cash Flow from Financing Activities 3 2 6 -1 -1 3 18 -6 -2 -0 -1
Net Cash Inflow / Outflow 0 -1 -0 -0 -0 0 -10 -2 -0 -1 1
Closing Cash & Cash Equivalent 2 1 0 0 0 1 -10 1 1 0 1

Medico Remedies Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.12 0.18 0.25 0.15 0.19 0.2 0.31 0.58 0.87 1 1.22
CEPS(Rs) 0.29 0.36 0.42 0.27 0.37 0.4 0.51 0.85 1.2 1.35 1.58
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 2.13 2.3 2.56 3.21 3.4 3.6 3.91 4.41 5.28 6.31 7.53
Core EBITDA Margin(%) 5.69 5.49 7.01 5.64 2.83 3.21 4.28 6.06 6.75 8.91 9.55
EBIT Margin(%) 3.78 4.08 5.27 5.49 3.23 3.69 3.77 5.9 7.72 8.39 9.71
Pre Tax Margin(%) 2.16 2.81 2.95 3.03 2.23 2.5 3.02 5.36 7.19 7.82 8.95
PAT Margin (%) 1.55 1.69 2.85 1.98 1.61 1.84 2.12 3.98 5.16 5.72 6.69
Cash Profit Margin (%) 3.7 3.47 4.69 3.6 3.15 3.72 3.46 5.81 7.09 7.71 8.69
ROA(%) 2.36 2.78 3.47 2.26 2.31 2.15 3.43 6.24 8.63 8.85 9.18
ROE(%) 7.14 7.97 10.47 5.67 5.72 5.61 8.31 13.94 18.01 17.23 17.58
ROCE(%) 10.01 10.86 9.39 9.05 7.79 7.66 10.13 15.09 21.88 21.9 21.65
Receivable days 47.94 73.64 120.17 103.77 86.09 109.06 76.51 87.18 86.4 107.96 129.15
Inventory Days 56.52 47.46 61.63 74.02 57.88 70.69 48.92 49.25 49.13 45.38 52.07
Payable days 122.45 98.17 169.4 160.16 134.71 187.4 119 135.32 120.01 119.19 127.89
PER(x) 0 0 0 32.98 22.46 18.64 16.02 28.97 85.61 49.32 42.83
Price/Book(x) 0 0 0 1.51 1.25 1.02 1.28 3.81 14.14 7.81 6.92
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.15 0.22 0.4 0.85 0.49 0.48 0.44 1.22 4.47 2.87 2.95
EV/Core EBITDA(x) 2.54 3.78 5 11.83 10.33 8.68 8.57 15.77 46.22 27.63 25.16
Net Sales Growth(%) 13.67 30.78 -18.39 12.14 60.08 -9.27 38.08 -1.12 16.04 3.19 4.15
EBIT Growth(%) 22.55 41.1 10.98 12.39 -6.98 3.85 41.11 54.66 51.79 12.1 20.59
PAT Growth(%) 25.93 42.66 44.1 -25.06 28.68 3.84 58.86 85.79 50.49 14.49 21.74
EPS Growth(%) -0.83 42.66 44.1 -42.2 28.68 3.84 58.83 85.84 50.47 14.5 21.74
Debt/Equity(x) 0.58 0.94 1.18 0.47 0.48 0.46 0.46 0.29 0.18 0.13 0.22
Current Ratio(x) 1.22 1.39 1.81 1.51 1.3 1.4 1.54 1.49 1.53 1.7 1.68
Quick Ratio(x) 0.84 1.05 1.33 1.02 0.95 0.95 1.16 1.03 1.08 1.33 1.22
Interest Cover(x) 2.34 3.21 2.27 2.23 3.22 3.09 5.02 10.79 14.52 14.76 12.66
Total Debt/Mcap(x) 0 0 0 0.31 0.38 0.46 0.36 0.08 0.01 0.02 0.03

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +4% +8% +11% +11%
Operating Profit CAGR +20% +26% +29% +20%
PAT CAGR +25% +26% +38% +26%
Share Price CAGR -16% -20% +49%
ROE Average +18% +18% +15% +11%
ROCE Average +22% +22% +18% +13%

Medico Remedies Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 61.38 %
FII 0.03 %
DII (MF + Insurance) 0 %
Public (retail) 38.62 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.3473.3473.3473.3466.8363.7962.5961.3861.3861.38
FII 1.290.290.2300.390.120.070.30.490.03
DII 00.740.971.190.780.010.010.0100
Public 26.6626.6626.6626.6633.1736.2137.4138.6238.6238.62
Others 0000000000
Total 100100100100100100100100100100

Medico Remedies Peer Comparison

Pharmaceuticals & Drugs Edit Columns

Medico Remedies Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Medico Remedies Pros & Cons

Pros

  • Company has delivered good profit growth of 37% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Debtor days have increased from 119.19 to 127.89days.
  • Stock is trading at 5.2 times its book value.
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