BSE: 526301 | NSE: | Hospital & Healthcare Services | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Medinova Diagnostic Services Ltd is a average quality company.
The key valuation ratios of Medinova Diagnostic Services Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Medinova Diagnostic Services 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.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 56.9% | 55.5% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | NA | NA | NA | 3.1 | 3.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 7.7 | 7 | 6 | 6.7 | 6.7 | 5.5 | 11.3 | 11.5 | 7.8 | 7.8 | 8 |
| Sales YoY Gr. | - | -9% | -14.1% | 11.2% | 0.9% | -18.6% | 106.2% | 1.7% | -32.6% | 0.3% | - |
| Adj EPS ⓘ | -3.7 | -1.7 | -1.7 | -1 | -0.4 | -0.3 | 2.2 | 2.1 | 0.6 | 0.8 | 0.8 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | -4.2% | -69.7% | 19.1% | - |
| BVPS (₹) ⓘ | -7.2 | -8.9 | -8 | -8.2 | -7.4 | -7.7 | -5.6 | -3.5 | -2.8 | -2.1 | -1.6 |
| Adj Net Profit ⓘ | -3.5 | -1.6 | -1.7 | -1 | -0.4 | -0.3 | 2.2 | 2.1 | 0.6 | 0.8 | 1 |
| Cash Flow from Ops. ⓘ | -0.2 | 1.8 | -0.7 | 0.4 | 0.5 | 0.4 | 1.5 | 1.1 | 1.2 | 1.5 | - |
| Debt/CF from Ops. ⓘ | -7.7 | 2.7 | -7.3 | 13.3 | 8.6 | 10.3 | 2.2 | 5.1 | 4.9 | 3.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 0.1% | 2.9% | -11.8% | 0.3% | ||||
| Adj EPS ⓘ | NA | NA | -29.8% | 19.1% | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | -0.6% | 25.9% | 0.3% | -8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 70 | 20.8 | 21 | 12.5 | 4.7 | 3.9 | -32.7 | -46 | -20 | -30.7 | -44.7 |
| Op. Profit Mgn % ⓘ | -42.7 | -6.8 | -10.8 | -2.9 | 4.5 | 5.5 | 23.2 | 26.5 | 19.1 | 19.2 | 20.4 |
| Net Profit Mgn % ⓘ | -45.3 | -22.6 | -28.6 | -15.1 | -5.4 | -5.4 | 19.1 | 18 | 8.1 | 9.7 | 10.9 |
| Debt to Equity ⓘ | -0.2 | -0.6 | -0.6 | -0.6 | -0.6 | -0.6 | -0.6 | -1.7 | -2 | -2.4 | - |
| Working Cap Days ⓘ | 133 | 146 | 130 | 75 | 60 | 70 | 40 | 38 | 53 | 50 | 29 |
| Cash Conv. Cycle ⓘ | -73 | -193 | -258 | -290 | -321 | -433 | -212 | -177 | -208 | -184 | -38 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -11.75%
Net Profit has been subdued in last 3 years -29.82%
Sales growth is not so good in last 4 quarters at -2.91%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.8 | 1.9 |
| TTM Sales (₹ Cr.) | 7.6 | 9.9 |
| BVPS (₹.) ⓘ | -1.6 | -2.2 |
| Reserves (₹ Cr.) ⓘ | -12 | -12 |
| P/BV ⓘ | -23.55 | -17.58 |
| PE ⓘ | 46.50 | 19.94 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 30.66 / 64.50 |
| All Time Low / High (₹) | 1.00 / 64.50 |
| Market Cap (₹ Cr.) | 38.3 |
| Equity (₹ Cr.) | 10 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.69 | 7 | 6.01 | 6.68 | 6.74 | 5.49 | 11.32 | 11.51 | 7.76 | 7.78 |
| Operating Expenses ⓘ | 11.13 | 7.50 | 6.66 | 7.02 | 6.44 | 5.19 | 8.69 | 8.47 | 6.28 | 6.29 |
| Manufacturing Costs | 2.76 | 1.48 | 0.92 | 0.76 | 1.05 | 0.71 | 3.84 | 2.34 | 1.04 | 1.33 |
| Material Costs | 0.76 | 0.91 | 0.98 | 1.23 | 1.12 | 0.86 | 1.47 | 2.44 | 1.16 | 0.86 |
| Employee Cost | 2.14 | 2.22 | 2.01 | 2.07 | 2.07 | 1.79 | 1.59 | 1.82 | 1.81 | 1.73 |
| Other Costs ⓘ | 5.46 | 2.89 | 2.75 | 2.97 | 2.20 | 1.83 | 1.79 | 1.87 | 2.27 | 2.37 |
| Operating Profit ⓘ | -3.43 | -0.50 | -0.65 | -0.34 | 0.30 | 0.30 | 2.63 | 3.05 | 1.48 | 1.49 |
| Operating Profit Margin (%) | -44.6% | -7.1% | -10.8% | -5.1% | 4.5% | 5.5% | 23.2% | 26.5% | 19.1% | 19.1% |
| Other Income ⓘ | 0.48 | 0.26 | 0.21 | 0.07 | 0.17 | 0.26 | 0.29 | 0.22 | 0.23 | 0.26 |
| Interest ⓘ | 0.23 | 0.41 | 0.62 | 0.48 | 0.43 | 0.42 | 0.31 | 0.45 | 0.61 | 0.61 |
| Depreciation ⓘ | 1.03 | 0.81 | 1.25 | 0.86 | 0.55 | 0.41 | 0.32 | 0.26 | 0.24 | 0.12 |
| Exceptional Items ⓘ | 0 | 0 | 1.63 | 1.63 | 1.61 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -4.21 | -1.46 | -0.68 | 0.02 | 1.10 | -0.27 | 2.29 | 2.55 | 0.87 | 1.02 |
| Tax ⓘ | -0.62 | 0.13 | -0.10 | -0.01 | 0.34 | 0.03 | 0.13 | 0.48 | 0.24 | 0.26 |
| Profit After Tax | -3.59 | -1.60 | -0.58 | 0.03 | 0.77 | -0.30 | 2.17 | 2.07 | 0.63 | 0.75 |
| PAT Margin (%) | -46.7% | -22.8% | -9.6% | 0.4% | 11.4% | -5.4% | 19.1% | 18.0% | 8.1% | 9.7% |
| Adjusted EPS (₹) | -3.8 | -1.7 | -0.6 | 0.0 | 0.8 | -0.3 | 2.2 | 2.1 | 0.6 | 0.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -6.78 | -8.38 | -7.98 | -8.13 | -7.38 | -7.68 | -5.56 | -3.47 | -2.83 | -2.07 |
| Share Capital ⓘ | 9.46 | 9.46 | 9.96 | 9.96 | 9.96 | 9.96 | 9.96 | 9.96 | 9.96 | 9.96 |
| Reserves ⓘ | -16.24 | -17.83 | -17.93 | -18.09 | -17.33 | -17.63 | -15.52 | -13.43 | -12.79 | -12.02 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 1.44 | 4.31 | 4.56 | 4.26 | 3.91 | 4.03 | 3.27 | 5.75 | 5.75 | 5 |
| Long Term Debt | 1.36 | 4.21 | 4.52 | 4.22 | 3.91 | 4.03 | 3.27 | 5.75 | 5.75 | 5 |
| Short Term Debt | 0.08 | 0.10 | 0.04 | 0.04 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 2.81 | 4.10 | 4.06 | 4.25 | 4.69 | 4.85 | 4.36 | 3.24 | 2.41 | 2.32 |
| Others Liabilities ⓘ | 7.37 | 8.12 | 5.32 | 4.08 | 2.54 | 2.41 | 2.18 | 0.56 | 0.44 | 0.26 |
| Total Liabilities ⓘ | 4.83 | 8.15 | 5.96 | 4.45 | 3.76 | 3.61 | 4.26 | 6.08 | 5.77 | 5.51 |
Fixed Assets | ||||||||||
| Gross Block | 4.75 | 8.21 | 6.29 | 4.77 | 4.91 | 4.91 | 3.83 | 3.94 | 4.32 | 4.51 |
| Accumulated Depreciation | 3.67 | 3.88 | 3.07 | 2.93 | 3.46 | 3.88 | 2.93 | 3.14 | 3.38 | 3.50 |
| Net Fixed Assetsⓘ | 1.07 | 4.33 | 3.22 | 1.84 | 1.44 | 1.03 | 0.90 | 0.80 | 0.95 | 1.02 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.88 | 0.94 | 1.15 | 1.29 | 1.27 | 1.27 | 1.27 | 2.97 | 2.97 | 2.97 |
| Inventories | 0.18 | 0.14 | 0.08 | 0.07 | 0.07 | 0.06 | 0.13 | 0.17 | 0.11 | 0.10 |
| Trade Receivables | 0.72 | 0.47 | 0.30 | 0.17 | 0.40 | 0.31 | 0.77 | 0.50 | 0.67 | 0.37 |
| Cash Equivalents | 0.04 | 0.11 | 0.07 | 0.10 | 0.05 | 0.21 | 0.71 | 1.31 | 0.61 | 0.61 |
| Others Assetsⓘ | 1.94 | 2.16 | 1.13 | 0.99 | 0.53 | 0.73 | 0.48 | 0.34 | 0.45 | 0.44 |
| Total Assets ⓘ | 4.83 | 8.15 | 5.96 | 4.45 | 3.76 | 3.61 | 4.26 | 6.08 | 5.77 | 5.51 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0.19 | 1.76 | -0.69 | 0.36 | 0.52 | 0.42 | 1.51 | 1.13 | 1.18 | 1.51 |
| PBT ⓘ | -4.21 | -1.46 | -0.68 | 0.02 | 1.10 | -0.27 | 2.29 | 2.55 | 0.87 | 1.02 |
| Adjustment ⓘ | 3.68 | 1.23 | 0.13 | -0.06 | -0.62 | 0.81 | 0.53 | 0.53 | 0.68 | 0.82 |
| Changes in Working Capital ⓘ | 0.41 | 1.99 | -0.14 | 0.4 | 0.36 | -0.05 | -1.35 | -1.45 | -0.29 | -0.23 |
| Tax Paid ⓘ | -0.07 | 0 | 0 | 0 | -0.33 | -0.07 | 0.03 | -0.50 | -0.08 | -0.10 |
| Cash Flow From Investing Activity ⓘ | -1.29 | -4.17 | -0.31 | 0.23 | -0.13 | -0.14 | -0.11 | -1.84 | -0.34 | -0.18 |
| Capex | -0.43 | -4.10 | -0.11 | 0.37 | -0.16 | 0 | -0.19 | -0.16 | -0.39 | -0.19 |
| Net Investments | -0.88 | -0.07 | -0.21 | -0.14 | 0.02 | -0.15 | 0 | -1.70 | 0 | 0 |
| Others ⓘ | 0.02 | 0 | 0 | 0 | 0 | 0 | 0.07 | 0.03 | 0.05 | 0.01 |
| Cash Flow From Financing Activityⓘ | 1.46 | 2.48 | 0.97 | -0.56 | -0.43 | -0.27 | -1.15 | 0.94 | -0.78 | -1.32 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 1.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 1.12 | 2.85 | -0.21 | -0.64 | -0.43 | -0.14 | -1.07 | 2.48 | 0 | -0.75 |
| Interest Paid ⓘ | -0.06 | -0.39 | -0.60 | -0.22 | -0.16 | -0.12 | -0.08 | -1.53 | -0.78 | -0.57 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.40 | 0.01 | 0.77 | 0.30 | 0.16 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -0.01 | 0.06 | -0.03 | 0.02 | -0.04 | 0.01 | 0.25 | 0.24 | 0.06 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 1.29 | 1.08 | 0.85 | 1.28 | 1.64 | 1.49 | 2.88 | 2.23 | 1.31 | 1.38 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | 12 | 0.68 | N/A | 0.7 | 0.55 | 1.87 | 2.01 | Working Capital Days |
| Receivable Days | 37 | 31 | 23 | 13 | 15 | 23 | 17 | 20 | 28 | 24 |
| Inventory Days | 7 | 8 | 7 | 4 | 4 | 4 | 3 | 5 | 7 | 5 |
| Payable Days | 1,030 | 1,390 | 1,515 | 1,236 | 1,454 | 2,034 | 1,146 | 570 | 891 | 1,008 |
Medinova diagnostic services was established in the year 1985 as a pioneering concept in Diagnostics. For the first time in the country it offered all the diagnostic services from an ordinary blood test to a sophisticated CT Scan under one roof. With its qualitative services for more than two decades and with innovative marketing efforts, Medinova has created a brand name for itself and is the pioneer in Medical Diagnostics in the Country.
Medinova gives emphasis on providing quality services and is equipped with the latest state of the art diagnostic equipment procured from World renowned suppliers like GE, Marquette, Siemens, Hitachi etc. The quality of the tests done by Centres of Medinova meet international standards.Medinova has upgraded its equipment to make best use of latest technology.
Business area of the company
The Company is engaged in the business of providing comprehensive range of diagnostic services spanning pathological investigations, radiology & imaging, conventional, specialized lab services and diagnostic cardiology.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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