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Medinova Diagnostic Overview

Medinova Diagnostic Services Ltd. is an Indian healthcare company engaged in providing diagnostic and medical testing services. Its offerings typically include laboratory tests, imaging services, and preventive health check-ups for hospitals, clinics, and individual patients. The company emphasizes accuracy, reliability, and timely delivery of diagnostic results, leveraging modern laboratory equipment, skilled technicians, and standardized procedures. Medinova Diagnostic Services Ltd. focuses on providing high-quality diagnostic solutions to s...Read More

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Medinova Diagnostic Key Financials

Market Cap ₹43 Cr.

Stock P/E 22.9

P/B -922.5

Current Price ₹43.5

Book Value ₹ -0

Face Value 10

52W High ₹46

Dividend Yield 0%

52W Low ₹ 35.6

Medinova Diagnostic Share Price

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Volume
Price

Medinova Diagnostic Quarterly Price

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Medinova Diagnostic Peer Comparison

Medinova Diagnostic Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 2 3 2 2 2 3 2 3 3 2
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 2 3 2 3 3 3 2 3 3 3
Total Expenditure 2 2 2 2 2 2 2 2 2 2
Operating Profit 1 1 1 1 1 1 1 1 1 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 1 0 1 1 1 1 1 1 1
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 1 0 1 0 0 0 1 1 1
Adjustments -0 -0 0 0 0 0 -0 0 -0 0
Profit After Adjustments 0 1 0 1 0 0 0 1 1 1
Adjusted Earnings Per Share 0.3 0.7 0.4 0.6 0.4 0.5 0.4 0.6 0.7 0.5

Medinova Diagnostic 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 8 8 8 9 9 7 13 13 10 10 10 10
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 8 8 8 9 9 8 13 13 10 10 10 11
Total Expenditure 11 8 8 8 8 6 10 9 7 7 7 8
Operating Profit -3 0 0 1 1 1 3 4 3 3 3 4
Interest 0 1 1 1 1 1 0 1 1 1 1 0
Depreciation 1 2 3 2 1 1 1 1 0 0 0 0
Exceptional Income / Expenses 0 0 2 2 2 0 0 0 0 0 0 0
Profit Before Tax -4 -2 -2 -1 1 -0 2 3 2 2 2 4
Provision for Tax -1 -0 -0 -0 0 -0 0 0 0 0 1 0
Profit After Tax -4 -2 -2 -0 1 -0 2 2 2 2 2 3
Adjustments 0 0 0 0 -0 -0 0 -0 0 0 0 0
Profit After Adjustments -4 -2 -1 -0 1 -0 2 2 2 2 2 3
Adjusted Earnings Per Share -3.8 -2 -1.4 -0.3 0.8 -0.3 2 2.3 1.7 2 1.9 2.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% -8% 7% 2%
Operating Profit CAGR 0% -9% 25% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 3% 26% 3% 3%
ROE Average 0% 0% 0% 0%
ROCE Average 108% 1007% 604% 275%

Medinova Diagnostic 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 -7 -9 -10 -10 -9 -9 -7 -7 -5 -3 -1
Minority's Interest 0 0 0 -0 -0 -0 -0 0 0 0 0
Borrowings 2 7 7 5 4 4 3 6 6 5 5
Other Non-Current Liabilities -0 -0 0 0 0 0 0 -0 -0 -0 -0
Total Current Liabilities 15 13 11 10 9 9 8 5 4 3 3
Total Liabilities 10 12 9 6 5 4 4 4 4 5 7
Fixed Assets 7 9 7 4 3 2 2 1 2 2 2
Other Non-Current Assets 0 1 0 0 0 1 0 0 1 1 0
Total Current Assets 3 2 1 1 1 1 2 2 2 3 4
Total Assets 10 12 9 6 5 4 4 4 4 5 7

Medinova Diagnostic 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 0 0 0 0 0 0 0 0 1 1 2
Cash Flow from Operating Activities 0 -1 0 1 1 1 2 1 1 3 3
Cash Flow from Investing Activities 0 -5 -0 0 -0 -0 -0 -2 -0 -0 -2
Cash Flow from Financing Activities 0 5 -0 -1 -1 -1 -1 0 -1 -1 -1
Net Cash Inflow / Outflow 0 0 -0 0 -0 0 0 -0 0 1 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 1 2 2

Medinova Diagnostic 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) -3.8 -2.01 -1.43 -0.32 0.82 -0.26 2.03 2.28 1.67 2.01 1.9
CEPS(Rs) -2.71 -0.16 0.92 1.44 2.12 0.73 2.63 2.94 2 2.14 2.05
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -7.17 -9.18 -9.61 -9.75 -8.95 -9.21 -7.23 -6.84 -5.16 -3.14 -1.25
Core EBITDA Margin(%) -44.59 -0.44 1.38 6.74 14.72 16.05 23.58 28.46 26.49 27.8 30.96
EBIT Margin(%) -51.76 -21.89 -10.08 3.79 19.48 4.27 19.03 25.46 25.48 28.54 30.97
Pre Tax Margin(%) -54.75 -28.37 -23.66 -5.94 12.14 -3.7 15.4 21.19 19.01 22.42 25.44
PAT Margin (%) -46.68 -25.65 -22.37 -5.23 9.17 -3.06 14.95 18.03 16.66 19.66 19.33
Cash Profit Margin (%) -33.25 -1.89 11.76 16.5 23.49 9.71 20.57 22.17 19.92 20.92 20.8
ROA(%) -36.06 -18.68 -16.82 -6.27 15.7 -5.45 48.36 60.03 42.82 45.26 33.05
ROE(%) 0 0 0 0 0 0 0 0 0 0 0
ROCE(%) 0 0 0 0 0 0 0 0 2679.22 233.02 108.01
Receivable days 34.31 26.88 18.12 10.83 13.64 19.87 16.77 18.57 22.29 20.26 18.07
Inventory Days 8.55 7.71 6.13 4.33 4.06 4.32 3.26 4.47 5.46 4.63 5.31
Payable days 3454.07 2100.76 1350.13 1166.03 1249.1 1622.8 1092.59 563.96 822.93 883.75 1321.14
PER(x) 0 0 0 0 31.93 0 11.28 13.87 10.49 15.28 19.96
Price/Book(x) -3.94 -2.24 -3.64 0 -2.91 -1.54 -3.17 -4.62 -3.4 -9.77 -30.34
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 3.71 3.5 5.55 1.97 3.6 2.63 2.08 2.77 2.25 3.31 4.17
EV/Core EBITDA(x) -9.68 187.41 173.87 29.18 22.75 15.44 8.46 9.35 7.81 11.1 12.86
Net Sales Growth(%) 0 4.81 -3.39 11.28 3.49 -17 71.12 3.6 -24.31 1.72 -3.47
EBIT Growth(%) 0 55.68 55.53 141.85 432.18 -81.81 662.52 38.62 -24.24 13.9 4.77
PAT Growth(%) 0 42.41 15.73 74 281.58 -127.67 936.5 24.99 -30.05 20.04 -5.11
EPS Growth(%) 0 47.01 28.92 77.52 353.68 -131.79 883.16 12.17 -26.58 20.04 -5.12
Debt/Equity(x) -0.28 -1.03 -0.88 -0.75 -0.72 -0.62 -0.62 -0.94 -1.12 -1.6 -4.01
Current Ratio(x) 0.2 0.17 0.12 0.12 0.11 0.08 0.22 0.4 0.47 0.79 1.41
Quick Ratio(x) 0.19 0.16 0.11 0.11 0.1 0.07 0.2 0.36 0.44 0.75 1.36
Interest Cover(x) -17.31 -3.38 -0.74 0.39 2.65 0.54 5.24 5.96 3.94 4.67 5.6
Total Debt/Mcap(x) 0.07 0.46 0.24 0 0.25 0.4 0.2 0.2 0.33 0.16 0.13

Medinova Diagnostic Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 62.14 62.14 62.14 62.14 62.14 62.14 62.14 62.14 62.14 62.14
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 37.86 37.86 37.86 37.86 37.86 37.86 37.86 37.86 37.86 37.86
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Medinova Diagnostic News

Medinova Diagnostic Pros & Cons

Pros

  • Stock is trading at -922.5 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
  • Debtor days have increased from 883.75 to 1321.14days.
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