Trading · Founded 1992 · www.nexusmed.co.in · BSE 538874 · · ISIN INE370Q01015
No Notes Added Yet
Business
Nexus Surgical And Medicare Ltd. is an Indian company primarily engaged in the trading and distribution of a diverse range of medical, surgical, and healthcare-related products. The company sources various medical devices, equipment, consumables, and surgical instruments from manufacturers and suppliers, and then distributes them to hospitals, clinics, diagnostic centers, pharmacies, and other healthcare providers across India. Its core business model revolves around procuring products efficiently and selling them at a margin, thereby generating revenue through sales of these traded goods.
Revenue Mix
The company operates predominantly as a single business segment focused on the trading of medical and surgical products. Specific breakdowns by product category (e.g., surgical instruments, disposables, diagnostic equipment) or detailed revenue contribution percentages for various product lines are typically not disclosed for companies of this nature. Its revenue mix is largely concentrated within the medical product distribution space.
Industry
Nexus Surgical And Medicare operates within the broader Trading sector, specifically in the medical and surgical product distribution industry in India. This industry is highly fragmented, characterized by a large number of local, regional, and national distributors. Competition comes from a mix of smaller specialized traders, larger integrated distributors, and direct sales channels from manufacturers (both domestic and international). Nexus Surgical And Medicare positions itself as a distributor aiming to cater to the growing demand for healthcare products. Given its size, it likely holds a relatively small market share compared to larger, more established national distributors or manufacturers' direct sales arms.
MOAT
For a general trading company like Nexus Surgical And Medicare, durable competitive advantages (moats) are generally low. The primary "moats" typically found in this sector are:
Established Relationships: Long-standing relationships with both suppliers (for favorable terms/exclusive products) and customers (for repeat business).
Distribution Network: An efficient and robust distribution network that can reach various healthcare facilities across its operational regions.
Product Portfolio: Access to a wide and relevant portfolio of medical products, including potentially some niche or high-demand items.
However, these are often not highly durable and can be replicated by competitors.
Growth Drivers
Key factors that can drive growth for Nexus Surgical And Medicare over the next 3-5 years include:
Increasing Healthcare Expenditure: Growing public and private spending on healthcare in India, driven by a rising population, increasing health awareness, and expansion of healthcare infrastructure.
Demand for Medical Devices: Continuous demand for new and existing medical devices, consumables, and surgical instruments.
Expansion of Product Portfolio: Addition of new, high-demand, or specialized medical products to its trading portfolio.
New Partnerships: Establishing new supplier relationships or expanding customer reach through new distribution channels or geographies.
Technological Advancements: Trading in new generation medical technologies and devices as they become available.
Risks
Intense Competition: The medical trading market is highly competitive, leading to pricing pressures and potential margin erosion.
Supply Chain Disruptions: Dependency on manufacturers for product availability and potential disruptions in global or domestic supply chains.
Inventory Management: Risks associated with managing inventory obsolescence, expiry dates for certain products, and working capital requirements.
Regulatory Changes: Changes in regulations pertaining to medical device import, manufacturing, pricing, and distribution by Indian authorities (e.g., CDSCO).
Economic Downturn: A slowdown in the economy could impact healthcare spending and demand for non-essential medical products.
Foreign Exchange Fluctuations: If the company imports products, currency volatility can impact procurement costs and profitability.
Management & Ownership
Nexus Surgical And Medicare Ltd. is typically a promoter-driven company. Information regarding the specific quality and track record of management beyond statutory disclosures might be limited for smaller listed entities. Ownership structure would include promoter holding and public shareholding. Promoters generally hold a significant stake, which is common in Indian small and micro-cap companies, aligning their interests with the company's performance.
Outlook
Nexus Surgical And Medicare operates in a fundamentally growing sector driven by India's expanding healthcare needs. The sustained demand for medical and surgical products presents a clear opportunity for revenue growth, particularly if the company can effectively expand its product portfolio and strengthen its distribution network. However, the outlook is tempered by the highly competitive and fragmented nature of the medical trading industry, which exerts constant pressure on margins. The company's ability to maintain strong supplier relationships, efficiently manage inventory, and navigate regulatory complexities will be crucial. While the overall sector tailwinds are favorable, the company's smaller scale and lower competitive moats suggest that growth will be closely tied to operational efficiency and strategic execution in a challenging environment.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 3 | 2 | 3 |
| Other Income | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 3 | 2 | 3 |
| Total Expenditure | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 3 | 2 | 2 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 0.1 | 0.2 | 0.4 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 |
| #(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 | 0 | 0 | 0 | 1 | 2 | 2 | 4 | 2 | 2 | 3 | 6 | 9 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 1 | 2 | 2 | 4 | 2 | 2 | 4 | 6 | 9 |
| Total Expenditure | 0 | 0 | 0 | 1 | 2 | 2 | 4 | 2 | 1 | 3 | 5 | 8 |
| Operating Profit | 0 | 0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | -5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | -0 | -0 | -0 | -5 | 0 | 0 | 0 | 0 | 1 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | -0 | -0 | -0 | -5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | -0 | -0 | -0 | -5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 0.3 | 0.1 | -0.4 | -0.6 | -0.2 | -9.7 | 0.3 | 0.5 | 0.3 | 0.4 | 0.9 | 1.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 100% | 44% | 25% | 0% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 66% | 22% | 63% | -6% |
| ROE Average | 61% | 57% | 191% | 66% |
| ROCE Average | 83% | 78% | 256% | 97% |
| #(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 | 6 | 6 | 5 | 5 | 5 | -0 | -0 | 0 | 0 | 1 | 1 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 |
| Total Liabilities | 6 | 6 | 6 | 6 | 5 | 0 | 1 | 2 | 1 | 2 | 2 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 5 | 5 | 5 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 2 | 1 | 2 | 2 |
| Total Assets | 6 | 6 | 6 | 6 | 5 | 0 | 1 | 2 | 1 | 2 | 2 |
| #(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 | 0 | 1 | 0 |
| Cash Flow from Operating Activities | 0 | -0 | -0 | -0 | 0 | 0 | 0 | -0 | 1 | -0 | 0 |
| Cash Flow from Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 |
| Cash Flow from Financing Activities | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Inflow / Outflow | 0 | 0 | 0 | -0 | 0 | -0 | 0 | -0 | 1 | -0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| # | 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) | 0.27 | 0.09 | -0.35 | -0.6 | -0.2 | -9.68 | 0.28 | 0.53 | 0.31 | 0.39 | 0.91 |
| CEPS(Rs) | 0.27 | 0.09 | -0.35 | -0.59 | -0.2 | -9.67 | 0.29 | 0.54 | 0.31 | 0.39 | 0.92 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 10.21 | 10.3 | 10 | 9.4 | 9.2 | -0.48 | -0.2 | 0.33 | 0.65 | 1.03 | 1.94 |
| Core EBITDA Margin(%) | 50 | 24.63 | -59.49 | -38.96 | -8.42 | 4.22 | 4.4 | 15.41 | 14.03 | 7.81 | 11.79 |
| EBIT Margin(%) | 49.4 | 23.84 | -60.35 | -32.76 | -4.98 | -304.85 | 4.55 | 16.25 | 14.82 | 8.53 | 11.85 |
| Pre Tax Margin(%) | 49.28 | 21.8 | -62.39 | -32.79 | -5.03 | -304.85 | 4.55 | 16.21 | 14.73 | 8.37 | 11.67 |
| PAT Margin (%) | 33.98 | 14.88 | -63.2 | -33.33 | -5.21 | -305.79 | 4.11 | 12.12 | 10.99 | 6.14 | 8.69 |
| Cash Profit Margin (%) | 34.59 | 15.67 | -62.34 | -33.06 | -5.09 | -305.64 | 4.18 | 12.23 | 11.08 | 6.19 | 8.76 |
| ROA(%) | 2.6 | 0.85 | -3.29 | -5.68 | -2.02 | -186.36 | 27.43 | 19.9 | 11.78 | 15.78 | 24.47 |
| ROE(%) | 2.64 | 0.87 | -3.47 | -6.14 | -2.19 | -221.96 | 0 | 781.39 | 63.79 | 46.41 | 61.03 |
| ROCE(%) | 3.84 | 1.39 | -3.2 | -5.75 | -1.99 | -209.8 | 0 | 1048.04 | 86.02 | 64.47 | 83.16 |
| Receivable days | 111.57 | 228.94 | 280.7 | 62.83 | 11.99 | 0 | 11.8 | 0 | 10.18 | 41.79 | 66.67 |
| Inventory Days | 0 | 29.18 | 81.44 | 28.29 | 3.78 | 0 | 0 | 64.88 | 58.35 | 24.86 | 26.52 |
| Payable days | 0 | 88.04 | 124.73 | 70.01 | 33.79 | 154.48 | 260.42 | 0 | 940.03 | 551.89 | 235.54 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 12.26 | 14.22 | 27.72 | 34.58 | 18.14 |
| Price/Book(x) | 0 | 0 | 5.03 | 6.01 | 1.7 | -26.95 | -17.49 | 22.64 | 13.41 | 13.03 | 8.48 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 12.57 | 16.61 | 90.82 | 31.84 | 4.09 | 4.06 | 0.45 | 1.68 | 2.63 | 2.06 | 1.52 |
| EV/Core EBITDA(x) | 25.14 | 67.43 | -152.68 | -98.01 | -84.24 | 95.62 | 9.63 | 10.25 | 17.63 | 23.95 | 12.75 |
| Net Sales Growth(%) | 385.96 | -23.79 | -7.58 | 221.19 | 118.6 | -19.03 | 116.2 | -36.04 | -35.15 | 123.68 | 64.67 |
| EBIT Growth(%) | 197.76 | -63.22 | -333.92 | -74.35 | 66.75 | -4854.45 | 103.23 | 128.23 | -40.86 | 28.73 | 128.74 |
| PAT Growth(%) | 207.81 | -66.63 | -492.56 | -69.38 | 65.83 | -4652.19 | 102.91 | 88.44 | -41.18 | 24.96 | 133.18 |
| EPS Growth(%) | 207.67 | -66.64 | -492.63 | -69.39 | 65.82 | -4651.2 | 102.91 | 88.45 | -41.17 | 24.94 | 133.2 |
| Debt/Equity(x) | 0 | 0.02 | 0.05 | 0.05 | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 2.54 | 9.49 | 1.13 | 0.42 | 0.23 | 0.3 | 0.78 | 0.99 | 1.57 | 1.41 | 1.85 |
| Quick Ratio(x) | 2.54 | 8.84 | 0.89 | 0.32 | 0.22 | 0.3 | 0.78 | 0.75 | 1.44 | 1.09 | 1.5 |
| Interest Cover(x) | 405.09 | 11.66 | -29.47 | -1086.51 | -111.72 | 0 | 1218.14 | 350.47 | 168.6 | 52.76 | 68.79 |
| Total Debt/Mcap(x) | 0 | 0 | 0.01 | 0.01 | 0.03 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 81.27 | 81.27 | 81.27 | 81.27 | 81.27 | 81.27 | 81.27 | 81.27 | 81.27 | 81.27 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +100% | +44% | +25% | — |
| Operating Profit CAGR | — | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | +66% | +22% | +63% | -6% |
| ROE Average | +61% | +57% | +191% | +66% |
| ROCE Average | +83% | +78% | +256% | +97% |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 81.27 | 81.27 | 81.27 | 81.27 | 81.27 | 81.27 | 81.27 | 81.27 | 81.27 | 81.27 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 |
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