Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹1542 Cr.
Stock P/E
27.7
P/B
3.2
Current Price
₹661.1
Book Value
₹ 209.2
Face Value
10
52W High
₹735
52W Low
₹ 431
Dividend Yield
0%

Q-Line Biotech Overview

Business

Q-Line Biotech Ltd. is an Indian company primarily involved in the manufacturing and trading of a diverse range of medical equipment, instruments, and accessories. Its product portfolio encompasses essential healthcare items such as medical disposables, diagnostic kits, laboratory equipment, hospital furniture, and surgical instruments. The company serves a broad clientele including hospitals, clinics, diagnostic centers, and other medical institutions across India. Its core business model combines in-house manufacturing for specific products with the distribution of a wider array of medical goods sourced from other manufacturers, generating revenue through direct sales to healthcare providers.

Revenue Mix

Q-Line Biotech Ltd. operates within the unified medical equipment and supplies sector. While specific revenue breakdowns by granular product categories are not publicly detailed, its business model suggests revenue generation from two primary activities:

Manufacturing: Production of certain medical devices and consumables.

Trading & Distribution: Sourcing and supplying a broader spectrum of medical equipment and accessories.

Given its operations, a significant portion of its revenue is likely derived from the sales of essential medical consumables and various types of medical equipment required by healthcare facilities.

Industry

The Indian medical equipment and supplies industry is a dynamic, growing, and highly fragmented market. It is characterized by increasing healthcare investments, expanding hospital networks, and rising health awareness. The industry features numerous domestic manufacturers, distributors, and a strong presence of global players, particularly in high-technology segments. Q-Line Biotech Ltd., as an SME-listed company, positions itself as an integrated player with manufacturing capabilities and a distribution network. It likely competes within specific segments or regional markets, contending with numerous smaller domestic players, regional distributors, and, to some extent, larger national and international brands that possess greater financial resources and market reach. Its positioning is likely built on product range, competitive pricing, and service quality within its targeted customer base.

MOAT

Q-Line Biotech Ltd. operates in a competitive and often commoditized segment of the medical supplies market, which makes establishing a strong, durable "moat" challenging. Potential areas contributing to its competitive position, rather than a deep moat, include:

Product Diversification: A broad range of products catering to various hospital needs, potentially offering customers a single-vendor solution for multiple requirements.

Distribution Network & Customer Relationships: An established sales and distribution network coupled with long-standing relationships with healthcare institutions could create some customer stickiness.

Cost Efficiency (for manufactured goods): Ability to manufacture certain products efficiently, offering competitive pricing.

However, these advantages can be susceptible to competitive actions from larger, more established players with superior R&D, brand equity, or economies of scale.

Growth Drivers

Growing Healthcare Expenditure: Sustained increase in public and private spending on healthcare services and infrastructure in India.

Expansion of Healthcare Infrastructure: Development of new hospitals, clinics, diagnostic centers, particularly in underserved Tier 2 and Tier 3 cities.

Government Initiatives: Supportive government policies like "Make in India" promoting domestic manufacturing of medical devices.

Technological Upgradation & Portfolio Expansion: Introducing new and advanced medical devices and broadening its product offerings to meet evolving market demands.

Rising Disease Burden & Health Awareness: Increasing prevalence of chronic diseases and greater health consciousness driving demand for diagnostic and treatment facilities.

Risks

Intense Competition: A highly fragmented market with numerous local and global players leading to potential pricing pressures and market share challenges.

Regulatory & Policy Changes: Evolving government regulations, quality standards, and pricing controls (e.g., drug/device price capping) in the medical device sector can impact profitability and operational flexibility.

Supply Chain Vulnerabilities: Reliance on specific raw material suppliers or imported finished goods can expose the company to supply chain disruptions and cost fluctuations.

Technological Obsolescence: Rapid advancements in medical technology could render some existing products or manufacturing processes less competitive.

Economic Downturn: A slowdown in the economy could reduce healthcare spending by individuals and institutions, impacting demand.

Dependence on Key Customers/Segments: Over-reliance on a few large institutional clients or specific product categories could pose concentration risk.

Management & Ownership

Q-Line Biotech Ltd. is promoted by individuals with relevant experience in the medical equipment and supplies industry. As an SME-listed company, the promoter group typically holds a substantial ownership stake, aligning their interests with the company's long-term growth and success. The management team is expected to comprise professionals with operational, sales, and technical expertise suited to navigating the nuances of the Indian healthcare market. Specific details on the individual profiles and exact ownership structure are generally available in the company's public filings and offer documents.

Outlook

Q-Line Biotech Ltd. operates in a growth-oriented Indian healthcare market, benefiting from increasing healthcare expenditure and infrastructure development. The company's hybrid model of manufacturing and trading provides it with diversification and flexibility. The bullish case hinges on its ability to effectively expand its product portfolio, strengthen its distribution network, and capitalize on government support for domestic manufacturing. Conversely, the bearish case involves significant risks from intense competition, potential adverse regulatory changes affecting pricing or quality standards, and vulnerabilities within its supply chain. As a relatively smaller player in a competitive landscape, successfully scaling operations while maintaining profitability will be crucial. The outlook is balanced, acknowledging both the considerable market opportunity and the inherent challenges in a highly dynamic and regulated industry.

Q-Line Biotech Share Price

Live · NSE · Inception: 2010
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Q-Line Biotech Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Q-Line Biotech Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 183 204 313 342
Other Income 2 3 12 6
Total Income 185 206 325 347
Total Expenditure 149 166 252 244
Operating Profit 36 41 74 104
Interest 4 6 15 19
Depreciation 2 4 7 11
Exceptional Income / Expenses 0 0 -17 -1
Profit Before Tax 30 31 35 73
Provision for Tax 8 9 19 17
Profit After Tax 21 22 16 56
Adjustments 11 13 4 0
Profit After Adjustments 32 34 19 56
Adjusted Earnings Per Share 20.4 21.9 12.2 34.2

Q-Line Biotech Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 127 162 190 246
Minority's Interest 0 0 0 0
Borrowings 14 35 82 96
Other Non-Current Liabilities 1 1 3 5
Total Current Liabilities 108 140 179 210
Total Liabilities 251 339 455 558
Fixed Assets 23 60 74 142
Other Non-Current Assets 52 80 116 72
Total Current Assets 176 199 265 344
Total Assets 251 339 455 558

Q-Line Biotech Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 47 72 20 13
Cash Flow from Operating Activities 25 -24 17 16
Cash Flow from Investing Activities -26 -45 -77 -29
Cash Flow from Financing Activities 26 17 53 42
Net Cash Inflow / Outflow 25 -52 -7 29
Closing Cash & Cash Equivalent 72 20 13 41

Q-Line Biotech Ratios

# Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 20.38 21.87 12.2 34.24
CEPS(Rs) 14.93 16.23 14.42 40.87
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 80.87 102.74 120.61 151.27
Core EBITDA Margin(%) 18.47 18.69 19.68 27.13
EBIT Margin(%) 18.44 18.14 15.88 25.45
Pre Tax Margin(%) 16.33 15.03 11.09 20.07
PAT Margin (%) 11.7 10.63 5.01 15.41
Cash Profit Margin (%) 12.87 12.56 7.25 18.4
ROA(%) 8.52 7.34 3.95 11.01
ROE(%) 16.79 14.97 8.92 25.55
ROCE(%) 16.76 16.07 16.17 22.23
Receivable days 66.03 53.32 63.55 105.22
Inventory Days 87.08 133.38 113.91 93.48
Payable days 163.82 194.12 143.3 146.52
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) -0.08 0.34 0.39 0.48
EV/Core EBITDA(x) -0.41 1.68 1.64 1.59
Net Sales Growth(%) 0 11.44 53.77 9.13
EBIT Growth(%) 0 9.64 34.59 85.1
PAT Growth(%) 0 1.21 -27.54 255.32
EPS Growth(%) 0 7.33 -44.23 180.69
Debt/Equity(x) 0.58 0.6 0.88 0.92
Current Ratio(x) 1.63 1.42 1.48 1.64
Quick Ratio(x) 1.23 0.67 0.97 1.19
Interest Cover(x) 8.75 5.83 3.32 4.73
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +9% +23% — —
Operating Profit CAGR +41% +42% — —
PAT CAGR +250% +39% — —
Share Price CAGR — — — —
ROE Average +26% +16% +17% +17%
ROCE Average +22% +18% +18% +18%

Q-Line Biotech Shareholding Pattern

Latest · May 2026
100% held
Promoters 67.51 %
FII 1.67 %
DII (MF + Insurance) 9.49 %
Public (retail) 21.32 %
Others 0.01 %
# Mar 2026 May 2026
Promoter 067.51
FII 01.67
DII 09.49
Public 021.32
Others 00
Total 100100

Q-Line Biotech Peer Comparison

Medical Equipment/Supplies/Accessories Edit Columns

Q-Line Biotech Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Q-Line Biotech Pros & Cons

Pros

Cons

    0
  • Debtor days have increased from 143.3 to 146.52days.
  • Stock is trading at 3.2 times its book value.
Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

whatsapp