BSE: 544220 | NSE: | Hospital & Healthcare Services | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Clinitech Laboratory Ltd is a average quality company.
The key valuation ratios of Clinitech Laboratory Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Clinitech Laboratory Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 32.5% | 32.6% | 30.4% | 15.3% | - |
| Value Creation Index ⓘ | 1.3 | 1.3 | 1.2 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 4.6 | 6.4 | 6.4 | 6.4 | 6 |
| Sales YoY Gr. | - | 40.2% | -0.5% | 0.8% | - |
| Adj EPS ⓘ | 2.7 | 3.4 | 4.1 | 2.2 | 1.6 |
| YoY Gr. | - | 27.6% | 19.6% | -47.2% | - |
| BVPS (₹) ⓘ | 9.3 | 12.3 | 15.9 | 21.1 | 40.9 |
| Adj Net Profit ⓘ | 0.4 | 0.5 | 0.6 | 0.4 | 0 |
| Cash Flow from Ops. ⓘ | 0.4 | 1 | 1.3 | 0.1 | - |
| Debt/CF from Ops. ⓘ | 1.4 | 0.9 | 0.8 | 7.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 12% | 0.8% | ||||
| Adj EPS ⓘ | NA | NA | -6.9% | -47.2% | ||||
| BVPSⓘ | NA | NA | 31.6% | 33.1% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 28.9 | 31.7 | 29 | 12.3 | 5.3 |
| Op. Profit Mgn % ⓘ | 18.2 | 16.7 | 21.5 | 15.6 | NAN |
| Net Profit Mgn % ⓘ | 8.8 | 8 | 9.7 | 5.7 | 5.8 |
| Debt to Equity ⓘ | 0.4 | 0.5 | 0.4 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 74 | 71 | 91 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -10 | -9 | 12 | 0 |
Sales growth is growing at healthy rate in last 3 years 12.04%
Return on Equity has declined versus last 3 years average to 5.30%
Net Profit has been subdued in last 3 years -6.94%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.6 | - |
| TTM Sales (₹ Cr.) | 6.4 | - |
| BVPS (₹.) ⓘ | 40.9 | - |
| Reserves (₹ Cr.) ⓘ | 7 | - |
| P/BV ⓘ | 1.52 | - |
| PE ⓘ | 38.16 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 62.00 / 120.75 |
| All Time Low / High (₹) | 62.00 / 120.75 |
| Market Cap (₹ Cr.) | 14.2 |
| Equity (₹ Cr.) | 2.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 37.9 |
| Pledged * | 0.00 |
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| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 4.55 | 6.38 | 6.35 | 6.40 |
| Operating Expenses ⓘ | 3.73 | 5.32 | 4.98 | 5.40 |
| Manufacturing Costs | 0.34 | 0.45 | 0.31 | 0.33 |
| Material Costs | 1.02 | 1.45 | 1.17 | 1.10 |
| Employee Cost | 0.92 | 1.38 | 1.55 | 1.92 |
| Other Costs ⓘ | 1.44 | 2.04 | 1.96 | 2.05 |
| Operating Profit ⓘ | 0.83 | 1.07 | 1.36 | 1 |
| Operating Profit Margin (%) | 18.2% | 16.7% | 21.5% | 15.6% |
| Other Income ⓘ | 0.04 | 0.07 | 0.02 | 0.04 |
| Interest ⓘ | 0.08 | 0.06 | 0.07 | 0.09 |
| Depreciation ⓘ | 0.25 | 0.38 | 0.45 | 0.44 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.55 | 0.70 | 0.86 | 0.51 |
| Tax ⓘ | 0.14 | 0.19 | 0.25 | 0.13 |
| Profit After Tax | 0.40 | 0.51 | 0.61 | 0.37 |
| PAT Margin (%) | 8.8% | 8.0% | 9.7% | 5.8% |
| Adjusted EPS (₹) | 2.7 | 3.4 | 4.1 | 2.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1.39 | 1.85 | 2.38 | 3.55 | ||||||
| Share Capital ⓘ | 0.67 | 1.50 | 1.50 | 1.68 | ||||||
| Reserves ⓘ | 0.72 | 0.35 | 0.88 | 1.87 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 0.48 | 0.81 | 0.95 | 0.81 | ||||||
| Long Term Debt | 0.48 | 0.36 | 0.28 | 0.23 | ||||||
| Short Term Debt | 0 | 0.46 | 0.67 | 0.58 | ||||||
| Trade Payables | 0.46 | 0.52 | 0.40 | 0.35 | ||||||
| Others Liabilities ⓘ | 0.31 | 0.40 | 2.14 | 0.74 | ||||||
| Total Liabilities ⓘ | 2.64 | 3.58 | 5.88 | 5.44 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 2.45 | 3.52 | 3.65 | 4.47 | ||||||
| Accumulated Depreciation | 1.61 | 1.87 | 2.32 | 2.76 | ||||||
| Net Fixed Assetsⓘ | 0.84 | 1.65 | 1.33 | 1.71 | ||||||
| CWIP ⓘ | 0.08 | 0.41 | 0.56 | 0.94 | ||||||
| Investmentsⓘ | 0.09 | 0.14 | 2.02 | 0.07 | ||||||
| Inventories | 0.09 | 0.16 | 0.14 | 0.28 | ||||||
| Trade Receivables | 0.56 | 0.36 | 0.49 | 0.60 | ||||||
Cash Equivalents  ⓘ
| 0.32 | 0.10 | 0.78 | 0.70 | ||||||
| Others Assetsⓘ | 0.66 | 0.76 | 0.55 | 1.13 | ||||||
| Total Assets ⓘ | 2.64 | 3.58 | 5.88 | 5.44 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.38 | 0.96 | 1.25 | 0.11 |
| PBT ⓘ | 0.55 | 0.70 | 0.86 | 0.51 |
| Adjustment ⓘ | 0.17 | 0.31 | 0.41 | 0.59 |
| Changes in Working Capital ⓘ | -0.18 | 0.15 | 0.28 | -0.84 |
| Tax Paid ⓘ | -0.15 | -0.21 | -0.30 | -0.14 |
| Cash Flow From Investing Activity ⓘ | 0.54 | -1.47 | -0.65 | -0.64 |
| Capex | -0.19 | -1.51 | -0.28 | -1.21 |
| Net Investments | 0.59 | -0.05 | -1.88 | 1.95 |
| Others ⓘ | 0.14 | 0.10 | 1.51 | -1.38 |
| Cash Flow From Financing Activityⓘ | -0.88 | 0.29 | 0.09 | 0.45 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0.68 |
| Net Proceeds from Borrowing ⓘ | -0.55 | -0.12 | -0.08 | -0.05 |
| Interest Paid ⓘ | -0.08 | -0.06 | -0.06 | -0.07 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.25 | 0.47 | 0.22 | -0.12 |
| Net Cash Flow ⓘ | 0.04 | -0.22 | 0.68 | -0.08 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 28.94 | 31.66 | 29 | 12.52 | ||||||
| ROCE (%) | 32.47 | 32.61 | 30.39 | 15.31 | ||||||
| Asset Turnover Ratio | 1.72 | 2.05 | 1.34 | 1.13 | ||||||
| PAT to CFO Conversion(x) | 0.95 | 1.88 | 2.05 | 0.3 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 45 | 26 | 25 | 31 | ||||||
| Inventory Days | 7 | 7 | 9 | 12 | ||||||
| Payable Days | 165 | 123 | 144 | 123 | ||||||
The company was incorporated as Clinitech Laboratory Private Limited on March 19, 2010 under the Companies Act, 1956 with the Registrar of Companies, Mumbai. The status of the company was changed to public limited and the name of the company was changed to Clinitech Laboratory Limited vide Special Resolution dated July 24, 2023 pursuant to conversion of the Company into public limited Company. The fresh certificate of incorporation consequent to conversion was issued on August 25, 2023 by the Registrar of Companies, Mumbai.
The company is a provider of diagnostic and healthcare tests and services through chain of several diagnostic centers in and around Thane and Navi Mumbai. Its Promoters have many years of experience in diagnostic business. It conducts lakhs of tests per year in its NABL (National Accreditation Board for Testing and Calibration Laboratories) accredited labs equipped with modern technology and high-end equipment. It conducts various tests at its centres which are classified under various heads as under: Biochemistry tests; Immunology tests; Hematology tests; Molecular Biology tests; Serology tests; Microbiology tests; and Histopathology tests.
The company is one of the most trusted diagnostic centers & pathology labs.
Major Events and Milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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