BSE: 543309 | NSE: | Pharmaceuticals & Drugs | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Adeshwar Meditex Ltd is a average quality company.
The key valuation ratios of Adeshwar Meditex 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 Adeshwar Meditex 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'14 | Mar'15 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.7% | 16.8% | 0% | 28.8% | 17.6% | 14.3% | 11.1% | 7% | 10.1% | 9.6% | - |
| Value Creation Index ⓘ | 0.1 | 0.2 | NA | 1.1 | 0.3 | 0.0 | -0.2 | -0.5 | -0.3 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 16.3 | 25.2 | 0 | 58.6 | 52.9 | 56.1 | 66 | 64.8 | 82.4 | 79.9 | 80 |
| Sales YoY Gr. | - | 54.7% | -100% | NA | -9.7% | 6.1% | 17.6% | -1.8% | 27.2% | -3.1% | - |
| Adj EPS ⓘ | 0.9 | 1.5 | 0 | 2.6 | 2.2 | 2 | 1.5 | 0.5 | 1.4 | 1.4 | 1.4 |
| YoY Gr. | - | 77.9% | -100% | NA | -15.2% | -9.6% | -22.8% | -65.1% | 164.2% | 0% | - |
| BVPS (₹) ⓘ | 8.3 | 8.9 | 0 | 13.6 | 15.9 | 35.9 | 19.5 | 21.5 | 22.8 | 24.2 | 24.2 |
| Adj Net Profit ⓘ | 0.6 | 1 | 0 | 2.6 | 2.2 | 2.1 | 1.6 | 0.8 | 2 | 2 | 2 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | -1.2 | -5.9 | -1 | 3.2 | -2.4 | 5.8 | 3.8 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | -9.9 | -3.4 | -21.5 | 7.1 | -7.8 | 2.9 | 3.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 19.3% | 8.6% | 6.6% | -3.1% | ||||
| Adj EPS ⓘ | 5.6% | -8.5% | -2.7% | 0% | ||||
| BVPSⓘ | 12.7% | 8.8% | 7.4% | 6.1% | ||||
| Share Price | - | - | -9.9% | -5.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 11.2 | 17.9 | 0 | 26.3 | 14.8 | 12 | 8.1 | 3 | 6.3 | 6 | 5.8 |
| Op. Profit Mgn % ⓘ | 11.2 | 7.5 | 0 | 9.4 | 7.3 | 9.8 | 7.1 | 5.2 | 6.3 | 6.5 | NAN |
| Net Profit Mgn % ⓘ | 3.5 | 4.1 | 0 | 4.4 | 4.1 | 3.7 | 2.4 | 1.2 | 2.5 | 2.5 | 2.5 |
| Debt to Equity ⓘ | 0.9 | 0.9 | 0 | 0.9 | 1.3 | 1.1 | 1.1 | 0.6 | 0.5 | 0.4 | - |
| Working Cap Days ⓘ | 260 | 182 | 0 | 131 | 238 | 294 | 303 | 356 | 285 | 275 | 0 |
| Cash Conv. Cycle ⓘ | 108 | 83 | 0 | 77 | 155 | 174 | 186 | 200 | 153 | 163 | 0 |
Return on Equity has increased versus last 3 years average to 5.70%
Debt to equity has declined versus last 3 years average to 0.40
Sales growth has been subdued in last 3 years 6.57%
Net Profit has been subdued in last 3 years -2.70%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.4 | - |
| TTM Sales (₹ Cr.) | 79.9 | - |
| BVPS (₹.) ⓘ | 24.2 | - |
| Reserves (₹ Cr.) ⓘ | 20 | - |
| P/BV ⓘ | 0.97 | - |
| PE ⓘ | 16.93 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 20.00 / 36.00 |
| All Time Low / High (₹) | 16.20 / 42.00 |
| Market Cap (₹ Cr.) | 34 |
| Equity (₹ Cr.) | 14.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 26.66 | 16.28 | 25.19 | 58.60 | 52.92 | 56.12 | 65.97 | 64.76 | 82.36 | 79.85 |
| Operating Expenses ⓘ | 24.33 | 14.47 | 23.30 | 53.08 | 49.04 | 50.63 | 61.26 | 61.36 | 77.14 | 74.67 |
| Manufacturing Costs | 0.93 | 1.96 | 0.96 | 0 | 0 | 2.10 | 0.81 | 1.15 | 1.34 | 1 |
| Material Costs | 20.98 | 9.97 | 19.32 | 47.91 | 43.67 | 42.21 | 54.66 | 54.89 | 69.50 | 69.81 |
| Employee Cost | 1.20 | 1.06 | 1.43 | 1.87 | 2.26 | 1.17 | 1.51 | 1.33 | 1.33 | 1.16 |
| Other Costs ⓘ | 1.21 | 1.48 | 1.60 | 3.30 | 3.10 | 5.15 | 4.28 | 3.99 | 4.97 | 2.70 |
| Operating Profit ⓘ | 2.34 | 1.82 | 1.89 | 5.52 | 3.88 | 5.48 | 4.71 | 3.40 | 5.22 | 5.18 |
| Operating Profit Margin (%) | 8.8% | 11.2% | 7.5% | 9.4% | 7.3% | 9.8% | 7.1% | 5.2% | 6.3% | 6.5% |
| Other Income ⓘ | 0.17 | 0.12 | 0.32 | 0.10 | 1.82 | 0.28 | 0.27 | 0.23 | 0.31 | 0.13 |
| Interest ⓘ | 0.35 | 0.55 | 0.57 | 1.66 | 2.23 | 2.52 | 2.29 | 2.05 | 2.09 | 1.93 |
| Depreciation ⓘ | 0.41 | 0.44 | 0.38 | 0.37 | 0.35 | 0.34 | 0.35 | 0.38 | 0.53 | 0.60 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.74 | 0.95 | 1.25 | 3.58 | 3.12 | 2.91 | 2.34 | 1.19 | 2.90 | 2.79 |
| Tax ⓘ | 0.56 | 0.37 | 0.22 | 1.02 | 0.87 | 0.79 | 0.66 | 0.40 | 0.83 | 0.78 |
| Profit After Tax | 1.19 | 0.58 | 1.04 | 2.56 | 2.25 | 2.12 | 1.68 | 0.79 | 2.07 | 2.01 |
| PAT Margin (%) | 4.5% | 3.5% | 4.1% | 4.4% | 4.3% | 3.8% | 2.5% | 1.2% | 2.5% | 2.5% |
| Adjusted EPS (₹) | 1.8 | 0.9 | 1.6 | 2.6 | 2.3 | 2.0 | 1.6 | 0.6 | 1.4 | 1.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 4.69 | 5.50 | 5.91 | 13.55 | 15.80 | 18.90 | 20.58 | 30.95 | 32.91 | 34.91 |
| Share Capital ⓘ | 2 | 2.85 | 2.85 | 4.98 | 4.98 | 5.27 | 10.53 | 14.43 | 14.43 | 14.43 |
| Reserves ⓘ | 2.69 | 2.65 | 3.06 | 8.57 | 10.82 | 13.64 | 10.05 | 16.52 | 18.48 | 20.48 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 4.02 | 4.85 | 5.44 | 11.47 | 19.92 | 21.32 | 20.40 | 17.24 | 14.52 | 12.79 |
| Long Term Debt | 1.55 | 2.24 | 1.67 | 0.55 | 5 | 6.13 | 5.36 | 4.07 | 2.32 | 1.06 |
| Short Term Debt | 2.46 | 2.60 | 3.77 | 10.92 | 14.92 | 15.19 | 15.04 | 13.17 | 12.21 | 11.73 |
| Trade Payables | 4 | 3.14 | 3.04 | 5.99 | 6.85 | 12.71 | 17.95 | 20.83 | 16.79 | 14.53 |
| Others Liabilities ⓘ | 1.88 | 2.01 | 1.58 | 1.70 | 1.19 | 1.79 | 3.25 | 3.42 | 2.67 | 1.68 |
| Total Liabilities ⓘ | 14.59 | 15.49 | 15.97 | 32.71 | 43.76 | 54.73 | 62.17 | 72.45 | 66.89 | 63.90 |
Fixed Assets | ||||||||||
| Gross Block | 5.16 | 5.55 | 5.89 | 6.42 | 6.85 | 7.03 | 7.35 | 8.53 | 9.73 | 10.16 |
| Accumulated Depreciation | 1.88 | 2.32 | 3.26 | 4.07 | 4.42 | 4.74 | 5.11 | 5.50 | 6.03 | 6.63 |
| Net Fixed Assetsⓘ | 3.28 | 3.23 | 2.62 | 2.35 | 2.42 | 2.28 | 2.24 | 3.03 | 3.70 | 3.53 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0.02 | 0.04 | 0.08 | 0.08 | 0.10 | 0.10 | 0.10 |
| Inventories | 4.78 | 5.29 | 4.90 | 8.46 | 13.47 | 14.49 | 26.11 | 25.30 | 24.32 | 26.53 |
| Trade Receivables | 3.80 | 3.84 | 4.24 | 17.45 | 19.64 | 27.87 | 27.26 | 32.48 | 27.93 | 25.27 |
| Cash Equivalents | 0.14 | 0.21 | 0.25 | 1.34 | 1.39 | 1.73 | 1.07 | 1.92 | 1.90 | 1.16 |
| Others Assetsⓘ | 2.58 | 2.92 | 3.96 | 3.09 | 6.80 | 8.27 | 5.41 | 9.61 | 8.93 | 7.32 |
| Total Assets ⓘ | 14.59 | 15.49 | 15.97 | 32.71 | 43.76 | 54.73 | 62.17 | 72.45 | 66.89 | 63.90 |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | 0 | -1.17 | -5.87 | -0.99 | 3.15 | -2.44 | 5.77 | 3.84 |
| PBT ⓘ | 0 | 0 | 0 | 3.58 | 3.12 | 2.91 | 2.34 | 1.19 | 2.90 | 2.79 |
| Adjustment ⓘ | 0 | 0 | 0 | 1.94 | 2.44 | 2.80 | 2.35 | 2.28 | 2.32 | 2.19 |
| Changes in Working Capital ⓘ | 0 | 0 | 0 | -5.64 | -10.56 | -5.88 | -0.83 | -5.34 | 1.48 | -0.33 |
| Tax Paid ⓘ | 0 | 0 | 0 | -1.05 | -0.88 | -0.82 | -0.71 | -0.56 | -0.94 | -0.81 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | 0.07 | -0.30 | 1.58 | -0.71 | -1.16 | -1.16 | -0.22 |
| Capex | 0 | 0 | 0 | -0.01 | -0.42 | -0.18 | -0.32 | -1.17 | -1.20 | -0.43 |
| Net Investments | 0 | 0 | 0 | -0.02 | -0.02 | -0.04 | 0 | -0.02 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0.10 | 0.14 | 1.81 | -0.38 | 0.03 | 0.04 | 0.21 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 1.22 | 6.22 | -0.07 | -3.11 | 4.44 | -4.62 | -4.36 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 1.45 | 0 | 1 | 0 | 9.75 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 1.13 | -0.77 | -1.29 | -1.76 | -1.26 |
| Interest Paid ⓘ | 0 | 0 | 0 | -1.66 | -2.23 | -2.46 | -2.01 | -1.91 | -1.91 | -1.72 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 1.44 | 8.45 | 0.27 | -0.32 | -2.11 | -0.96 | -1.39 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0.11 | 0.05 | 0.53 | -0.66 | 0.85 | -0.02 | -0.75 |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 32.99 | 11.31 | 18.17 | 26.33 | 15.34 | 12.19 | 8.5 | 3.08 | 6.5 | 5.92 |
| ROCE (%) | 29.48 | 15.72 | 16.75 | 28.76 | 17.59 | 14.29 | 11.13 | 6.98 | 10.06 | 9.6 |
| Asset Turnover Ratio | 2.01 | 1.08 | 1.6 | 2.41 | 1.38 | 1.14 | 1.13 | 0.96 | 1.18 | 1.22 |
| PAT to CFO Conversion(x) | 0 | 0 | 0 | -0.46 | -2.61 | -0.47 | 1.88 | -3.09 | 2.79 | 1.91 | Working Capital Days |
| Receivable Days | 49 | 86 | 59 | 68 | 128 | 155 | 153 | 168 | 134 | 122 |
| Inventory Days | 52 | 113 | 74 | 42 | 76 | 91 | 112 | 145 | 110 | 116 |
| Payable Days | 77 | 131 | 58 | 34 | 54 | 85 | 102 | 129 | 99 | 82 |
Adeshwar Meditex is an Indian company, engaged in the manufacturing of surgical dressings and external preparations products of Wound care & Wound management including sterile surgical wound dressing, tulle dressing, medical disposable, adhesive bandages, absorbent gauze, plaster, disinfectants, medical kits etc. The company is an ISO 13485:2016 certified Company. It has manufacturing facility situated at Deewan Industrial Estate, Palghar District. Its state-of-the-art manufacturing plant follows WHO-GMP, CE, ISO guidelines and it is backed by an advanced production facility, which is fitted with latest machinery and well organized and arranged sterilization facilities.
It endeavors to maintain safety in its premises by adhering to key safety norms. Its manufacturing facility also has sophisticated facilities for quality testing, research & development, storage and packaging. It has an in-house R&D facility for on-site process improvement and for bettering its present products offered as well as products under innovation and testing laboratory which ensures that its products are certified and any major defects in the products are identified on real time basis and rectified before the final dispatch. It has dedicated teams actively involved in R&D and QC/ QA Lab activities. These functions have impeccably streamlined and thus assure swift production and post-production processes and enable it to support its growth strategy by developing new products and processes which enhance its product range. The focus of its R&D has been to strive for continuous process improvements which will cater to the requirements of global patients from the point of view of effectiveness and safety besides achieving manufacturing cost efficiencies.
Business area of the company
The company is one of the major, trusted, cGMP, CE, ISO 9001-2008 Certified manufacturer and exporter in the field of sterile surgical wound dressing products and medical disposables.
Major events in the history:
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