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Raaj Medisafe India Overview

Raaj Medisafe India Limited, founded in 1982 by Mr. Rakesh Agarwal, specializes in the manufacturing of sterilization products and medical disposables. The company offers a wide range of products including sterilization reels, pouches, and wraps, catering to healthcare facilities, hospitals, and clinics. Raaj Medisafe’s clientele includes major healthcare providers and distributors both domestically and internationally. Promoted by Mr. Agarwal and his family, the company has grown to become a trusted name in the medical disposables marke...Read More

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Raaj Medisafe India Key Financials

Market Cap ₹120 Cr.

Stock P/E 19.5

P/B 3.9

Current Price ₹91

Book Value ₹ 23.6

Face Value 10

52W High ₹102.4

Dividend Yield 0%

52W Low ₹ 64.1

Raaj Medisafe India Share Price

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Volume
Price

Raaj Medisafe India Quarterly Price

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Raaj Medisafe India Peer Comparison

Raaj Medisafe India Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 11 10 11 11 11 15 24 16 18 21
Other Income 0 0 0 0 0 -0 0 0 0 0
Total Income 11 10 11 11 11 15 25 16 19 21
Total Expenditure 10 9 9 9 9 12 21 13 16 17
Operating Profit 2 2 2 2 2 2 3 3 3 4
Interest 0 0 0 0 0 1 1 1 1 1
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 1 1 2 1 1 1 2 1 2 2
Provision for Tax 0 0 1 0 0 0 -1 0 0 -0
Profit After Tax 1 1 1 1 1 1 3 1 2 2
Adjustments 0 -0 -0 0 0 0 0 -0 -0 -0
Profit After Adjustments 1 1 1 1 1 1 3 1 2 2
Adjusted Earnings Per Share 1 0.9 0.6 0.7 0.7 0.8 2.6 1.1 1.3 1.4

Raaj Medisafe India 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 0 2 4 4 5 22 32 35 39 43 62 79
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 0 2 4 4 5 22 32 35 39 43 63 81
Total Expenditure 1 2 4 4 6 20 28 30 33 37 54 67
Operating Profit -1 -0 -0 -0 -1 2 4 5 6 7 9 13
Interest 0 1 1 1 1 1 1 1 1 2 2 4
Depreciation 0 0 0 0 0 1 1 1 1 1 1 0
Exceptional Income / Expenses -0 -0 -0 0 0 -0 -0 0 -0 0 0 0
Profit Before Tax -1 -1 -1 -1 -2 0 3 4 4 4 5 7
Provision for Tax 0 0 0 0 0 0 0 1 0 1 -1 -1
Profit After Tax -1 -1 -1 -1 -2 -0 2 3 3 3 6 8
Adjustments 0 0 -0 -0 0 -0 -0 0 0 0 -0 0
Profit After Adjustments -1 -1 -1 -1 -2 -0 2 3 3 3 6 8
Adjusted Earnings Per Share -2.4 -2.2 -1.7 -2.8 -3.2 -0.6 2.1 2.8 3.1 3.1 4.7 6.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 44% 21% 23% 0%
Operating Profit CAGR 29% 22% 35% 0%
PAT CAGR 100% 26% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 39% 30% 43% 28%
ROE Average 32% 42% 48% 22%
ROCE Average 15% 20% 23% 3%

Raaj Medisafe India 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 -3 -4 -5 -6 -8 -1 1 4 7 11 27
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 7 7 8 8 10 8 9 5 7 14 14
Other Non-Current Liabilities 0 0 0 0 -0 0 1 1 0 1 -1
Total Current Liabilities 0 2 3 3 3 7 7 10 11 16 28
Total Liabilities 4 5 6 5 5 14 17 20 26 41 68
Fixed Assets 3 4 3 3 3 7 7 9 9 11 23
Other Non-Current Assets 0 0 1 0 0 0 2 0 2 12 15
Total Current Assets 1 2 2 2 2 6 7 10 15 18 30
Total Assets 4 5 6 5 5 14 17 20 26 41 68

Raaj Medisafe India 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 0 0 0
Cash Flow from Operating Activities -0 0 -0 -0 -1 -1 2 2 0 4 -0
Cash Flow from Investing Activities -2 -1 -1 0 -0 -0 -3 -1 -2 -13 -16
Cash Flow from Financing Activities 3 -0 1 -0 1 1 1 -1 1 9 17
Net Cash Inflow / Outflow 0 -0 0 -0 -0 -0 -0 0 -0 0 0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

Raaj Medisafe India 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) -2.37 -2.15 -1.66 -2.85 -3.18 -0.58 2.11 2.76 3.05 3.05 4.65
CEPS(Rs) -1.87 -1.68 -1.11 -2.22 -2.57 0.77 2.76 3.43 3.74 3.82 5.75
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -5.9 -8.05 -9.75 -12.62 -15.79 -14.16 0.98 3.81 6.87 9.94 20.42
Core EBITDA Margin(%) 0 -16.76 -2.03 -9.8 -16.52 6.86 12.65 14.44 14.53 15.3 13.65
EBIT Margin(%) 0 -29.6 -7.24 -16.32 -17.38 5.34 10.46 12.61 12.64 13.54 11.83
Pre Tax Margin(%) 0 -59.08 -18.65 -30.46 -32.67 0.08 8.14 10.58 9.77 9.92 8.42
PAT Margin (%) 0 -59.08 -18.65 -30.46 -32.67 -1.31 7.15 8.55 8.62 7.7 9.82
Cash Profit Margin (%) 0 -45.98 -12.53 -23.78 -26.35 1.76 9.36 10.6 10.57 9.63 12.14
ROA(%) -33.33 -22.4 -15.08 -26.04 -30.95 -3.09 15.23 16.63 14.67 9.93 11.21
ROE(%) 0 0 0 0 0 0 0 115.41 57.21 36.32 32.48
ROCE(%) -24.25 -13.98 -8.33 -21 -24.82 16.3 27.03 28.33 24.24 19.58 15.05
Receivable days 5621.18 63.84 41.1 47.01 59.52 45.82 54.52 53.58 58.09 62.21 71.88
Inventory Days 4327.33 36.4 47.39 59.76 46.17 11.92 13.58 23.98 45.92 63.61 48.55
Payable days 3205.19 301.47 235.65 243.81 173.66 39.91 27.97 12.86 8.23 9.31 20.86
PER(x) 0 0 0 0 0 0 6.55 14.15 7.65 17.71 15.8
Price/Book(x) -1.82 -1 0 0 0 0 14.04 10.27 3.4 5.44 3.6
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 2862.72 6.46 3.56 3.58 3.46 0.77 0.89 1.6 1.06 1.96 2.1
EV/Core EBITDA(x) -22.24 -39.05 -367.08 -31.78 -21.17 9.04 6.89 10.88 7.29 12.67 14.87
Net Sales Growth(%) 0 0 119.06 2.29 19.11 354.37 45.92 9.08 11.32 11.98 44.33
EBIT Growth(%) -91.43 34.06 40.33 -137.07 -10.88 238.47 186.77 32.08 9.87 19.96 26.1
PAT Growth(%) -149.28 9.09 22.98 -71.72 -11.7 81.86 895.98 31.02 10.52 -0.04 84.2
EPS Growth(%) -149.28 9.13 22.98 -71.72 -11.7 81.85 465.36 31.03 10.51 -0.04 52.4
Debt/Equity(x) -2.4 -1.89 -1.85 -1.49 -1.47 -1.68 12.25 3.14 2.08 2.39 1.28
Current Ratio(x) 2.98 0.86 0.63 0.49 0.5 0.94 1.12 1.05 1.34 1.16 1.06
Quick Ratio(x) 2.78 0.71 0.31 0.3 0.33 0.81 0.89 0.73 0.76 0.63 0.77
Interest Cover(x) -2.23 -1 -0.63 -1.15 -1.14 1.01 4.52 6.22 4.4 3.74 3.47
Total Debt/Mcap(x) 1.32 1.88 0 0 0 0 0.87 0.3 0.61 0.44 0.36

Raaj Medisafe India Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.45 73.45 73.45 73.44 73.44 73.44 73.44 73.8 73.8 73.8
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 26.55 26.55 26.55 26.56 26.56 26.56 26.56 26.2 26.2 26.2
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Raaj Medisafe India News

Raaj Medisafe India Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 42%

Cons

  • Debtor days have increased from 9.31 to 20.86days.
  • Stock is trading at 3.9 times its book value.
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