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Medico Remedies Ltd

Wed 30/04/2025,15:54:1 | NSE : MEDICO

₹ 55.66-0.86 (-1.52%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 56.95

Previous Close

₹ 56.52

Volume

210021

Mkt Cap ( Rs. Cr)

₹461.89

High

₹ 58.00

Low

₹ 54.59

52 Week High

₹ 79.83

52 Week Low

₹ 34.80

Book Value Per Share

₹ 6.69

Dividend Yield

0.00

Face Value

₹ 2.00

What’s Your Call?

Collective community sentiment on Medico Remedies Ltd

Your Vote -

Buy

66.67%

Hold

0.00%

Sell

33.33%

66.67%

6 users have voted

Market Depth

How many stocks are available to buy or sell and at what prices.

Buy Order Quantity

0%

Sell Order Quantity

100%

Bid Price

Qty

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

Bid Total

0

Bid Price

Qty

55.66

517

0.00

0

0.00

0

0.00

0

0.00

0

Bid Total

517

Option Chain

Analyzes market sentiment, predicts Medico Remedies Ltd' movement.

NO_RECORD_FOUND

News

Media spotlight triggers stock stock attention, sentiment.

  • Medico Remedies - Disclosure under SEBI Takeover Regulations

    21 Apr 2025, 3:32PM Harshit Mehta has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acq
  • Medico Remedies has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    18 Apr 2025, 8:30PM As of March 2025, 63.79% is owned by Indian Promoters and 36.21% by Public. <p align=justify> Top five Promoters holding highest number of shares of M
  • Medico Remedies - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    9 Apr 2025, 7:20PM MEDICO REMEDIES LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Age
  • Medico Remedies - Resignation

    9 Apr 2025, 7:19PM Medico Remedies Limited has informed the Exchange regarding Resignation of Dayanand Mathapati as Executive Director of the company w.e.f. April 09, 2
  • Medico Remedies - Announcement under Regulation 30 (LODR)-Resignation of Director

    9 Apr 2025, 7:16PM Please find attached Intimation for Resignation of Mr. Dayanand Mathapati as Executive Director.
  • Medico Remedies - Bagging/Receiving of orders/contracts

    8 Apr 2025, 1:15PM Medico Remedies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
  • Medico Remedies - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

    8 Apr 2025, 1:13PM Please find attached Intimation for Receipt of Order.
  • Medico Remedies - Trading Window-XBRL

    27 Mar 2025, 10:36AM MEDICO REMEDIES LIMITED has informed the Exchange about Closure of Trading Window
  • Medico Remedies - Trading Window

    27 Mar 2025, 10:34AM Medico Remedies Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations,
  • Medico Remedies - Updates

    11 Feb 2025, 7:08PM Medico Remedies Limited has informed the Exchange regarding 'Please find attached Machine Readable Copy of Financial Results'.
  • Medico Remedies - Copy of Newspaper Publication

    7 Feb 2025, 11:18AM Medico Remedies Limited has informed the Exchange about Copy of Newspaper Publication
  • Medico Remedies - Integrated Filing- Financial

    5 Feb 2025, 3:50PM Please find attached Integrated Financials.
  • Medico Remedies - Financial Result Updates

    5 Feb 2025, 3:43PM Medico Remedies Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • Medico Remedies Q3 net profit jumps 80.69% at Rs 2.62 cr

    5 Feb 2025, 4:21PM The company reported standalone net profit of Rs 2.62 crore for the quarter ended December 31, 2024 as compared to Rs 1.45 crore in the same period la
  • Medico Remedies - Financial Results For December, 2024

    5 Feb 2025, 3:53PM Please find attached Results for December, 2024.
  • Medico Remedies - Board Meeting Outcome for Outcome Of Board Meeting Held Today

    5 Feb 2025, 3:42PM Please find attached Outcome of Board Meeting held today
  • Medico Remedies - Shareholders meeting

    3 Feb 2025, 11:42AM Medico Remedies Limited has submitted the Exchange a copy of Srutinizers report of Postal Ballot along with a copy of minutes.
  • Medico Remedies - Shareholder Meeting / Postal Ballot-Scrutinizer\s Report

    3 Feb 2025, 11:38AM Please find attached Voting Results and Scrutiniser Report of Postal Ballot.

Key fundamentals

Evaluate the intrinsic value of Medico Remedies Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 59.1228 51.9363 47.93 45.521 41.6938
Liabilities 59.1228 51.9363 47.93 45.521 41.6938
Equity 16.5968 16.5968 16.6 4.1492 4.1492
Gross Profit 12.9093 9.6199 7.21 5.2282 2.8408
Net Profit 8.2909 7.2415 4.89 2.5916 1.6303
Cash From Operating Activities 0 8.1672 1.71 2.608 0.9673
NPM(%) 5.72 5.15 4.04 2.11 1.83
Revenue 144.9207 140.4374 121.02 122.3857 88.6362
Expenses 132.0114 130.8175 113.81 117.1574 85.7954
ROE(%) 14.93 13.04 8.8 4.66 2.93

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day

Peers

Other companies within the same industry or sector that are comparable to Medico Remedies Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Albert David Ltd 825.75 -1.80 11.65 31.67 1321.50 1.39
Lotus Eye Hospital and Institute Ltd 81.22 -0.17 338.42 115.40 14.01 0.62
Vaishali Pharma Ltd 13.47 -1.82 449.00 59.48 2.76 0.00
Astec Lifesciences Ltd 685.90 -1.03 0.00 108.81 -687.11 0.00

Company Info

The Company was incorporated as Medico Remedies Private Limited on March 18, 1994 under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 077187. The status of the Company was changed to a public limited company and the name of the Company was changed to Medico Remedies Limited by a special resolution passed on January 12, 2017. A fresh Certificate of Incorporation consequent upon conversion was issued on March 06, 2017 by the Registrar of Companies, Mumbai. The Company's Corporate Identity Number is U24230MH1994PLC077187. The Company, Medico Remedies Limited, is a pharmaceutical formulation manufacturing company with manufacturing and marketing capabilities in formulation with focus on anti-infective, Beta-Lactums, cephalosporins, antimalarial, antiretroviral, anti-ulcer drugs and antacids, vitamins, haematinics and other supplements. Further in addition to the above, the Company also has manufacturing and marketing capabilities in other drugs such as NSAIDS, antihistaminic, antidiabetics, cardio vascular drugs, diuretics, anti-epileptics, combination drug kits, syrups and cream & gel for various therapeutic segments. The Company began its operations in the year 1994 with manufacturing and servicing of diuretics, anti-malarials, NSAIDS tablets, anti-reterovirals, anti-ulcer drugs and anti-acids tablets. Over the years we have expanded the scale and scope of operations and currently the Company is engaged in manufacture of formulations for various medicines. As part of this expansion, in the year 1999 & 2002, we have acquired two adjacent plots of 1,023.50 sq. metres each respectively, for setting up the plant at Palghar, Maharashtra. The plant is divided into two units, i.e. general formulations unit and betalactam unit; the beta lactam unit is further divided into two segments -penicillin and cephalosporins. With the long standing operations and quality products, we have built a strong relationship with the customers for drug formulations. the clients include Indian as well as foreign pharmaceutical companies like Anphar Limited, Saad Medical, Manfes Pharmaceuticals & Chemical Industries, Award Global Company Limited, Directorate of Health Services (DHS, Maharashtra) to name a few. the Company also earns revenue from the sale of licenses such as FMS license, FPS license and MESI license. The income from sale of such licenses amounts to Rs. 72.47lakhs, which is 2.46% of the operational revenue during the period ending September 30, 2017. We have an in-house R&D facility and a dedicated QC / QA & microbiology laboratory at the Palghar units to support technology transfer for new products and on-site process improvement. We have dedicated teams actively involved in R&D and QC / QA Lab activities. the R&D capabilities enable us to support the growth strategy by developing new products and processes which enhance the product range. The focus of the R&D has been to strive for continuous process improvements and achieving manufacturing cost efficiencies for existing as well as new formulations. The QC/ QA and microbiology laboratories ensure the quality of raw material dispensed in the production process and also the finished goods delivered to the customers. This helps in improving the procurement process thus reducing wastages, returns and other related costs. The operational revenue, as restated, was Rs. 2,927.42 lakhs for the period ended September 30, 2017 and were Rs. 5,441.80 lakhs, Rs. 6,668.36 lakhs, and Rs. 5,098.99 lakhs for the Fiscal 2017, 2016 and 2015 respectively. the operational revenues increased/ (decreased) by (18.39)% in the fiscal 2017 and 30.78%in the fiscal 2016. the net profit, as restated, was Rs. 40.02 lakhs for the period ended September 30, 2017 and were Rs. 162.81 lakhs, Rs. 112.99 lakhs and Rs. 79.20 lakhs in each of the Fiscals 2017, 2016 and 2015 respectively. the net profit as restated increased by 40.10% in fiscal 2017 and 42.65 % in the fiscal 2016. MAJOR EVENTS: 1994 -Incorporated under Companies Act, 1956 as Medico Remedies Private Limited 1999 -Acquired plot at Palghar for setting up manufacturing set-up for general formulations 2002 -Acquired plot at Palghar for setting up manufacturing set-up for beta lactam 2016 -Renwed WHO-GMP Certification for the manufacturing facility -Purchased corporate premises at "Hubtown Solaris" 2017 -Renewed ISO-9001:2015 Certification for the manufacturing facility -Converted into a public limited company and the name of the company was changed to Medico Remedies Ltd 2021 -The Company has issued Bonus Shares in the Ratio of 3:1. 2023 -The Company has splits its face value from Rs. 10/- to Rs. 2/-.

The Company was incorporated as Medico Remedies Private Limited on March 18, 1994 under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 077187. The status of the Company was changed to a public limited company and the name of the Company was changed to Medico Remedies Limited by a special resolution passed on January 12, 2017. A fresh Certificate of Incorporation consequent upon conversion was issued on March 06, 2017 by the Registrar of Companies, Mumbai. The Company's Corporate Identity Number is U24230MH1994PLC077187. The Company, Medico Remedies Limited, is a pharmaceutical formulation manufacturing company with manufacturing and marketing capabilities in formulation with focus on anti-infective, Beta-Lactums, cephalosporins, antimalarial, antiretroviral, anti-ulcer drugs and antacids, vitamins, haematinics and other supplements. Further in addition to the above, the Company also has manufacturing and marketing capabilities in other drugs such as NSAIDS, antihistaminic, antidiabetics, cardio vascular drugs, diuretics, anti-epileptics, combination drug kits, syrups and cream & gel for various therapeutic segments. The Company began its operations in the year 1994 with manufacturing and servicing of diuretics, anti-malarials, NSAIDS tablets, anti-reterovirals, anti-ulcer drugs and anti-acids tablets. Over the years we have expanded the scale and scope of operations and currently the Company is engaged in manufacture of formulations for various medicines. As part of this expansion, in the year 1999 & 2002, we have acquired two adjacent plots of 1,023.50 sq. metres each respectively, for setting up the plant at Palghar, Maharashtra. The plant is divided into two units, i.e. general formulations unit and betalactam unit; the beta lactam unit is further divided into two segments -penicillin and cephalosporins. With the long standing operations and quality products, we have built a strong relationship with the customers for drug formulations. the clients include Indian as well as foreign pharmaceutical companies like Anphar Limited, Saad Medical, Manfes Pharmaceuticals & Chemical Industries, Award Global Company Limited, Directorate of Health Services (DHS, Maharashtra) to name a few. the Company also earns revenue from the sale of licenses such as FMS license, FPS license and MESI license. The income from sale of such licenses amounts to Rs. 72.47lakhs, which is 2.46% of the operational revenue during the period ending September 30, 2017. We have an in-house R&D facility and a dedicated QC / QA & microbiology laboratory at the Palghar units to support technology transfer for new products and on-site process improvement. We have dedicated teams actively involved in R&D and QC / QA Lab activities. the R&D capabilities enable us to support the growth strategy by developing new products and processes which enhance the product range. The focus of the R&D has been to strive for continuous process improvements and achieving manufacturing cost efficiencies for existing as well as new formulations. The QC/ QA and microbiology laboratories ensure the quality of raw material dispensed in the production process and also the finished goods delivered to the customers. This helps in improving the procurement process thus reducing wastages, returns and other related costs. The operational revenue, as restated, was Rs. 2,927.42 lakhs for the period ended September 30, 2017 and were Rs. 5,441.80 lakhs, Rs. 6,668.36 lakhs, and Rs. 5,098.99 lakhs for the Fiscal 2017, 2016 and 2015 respectively. the operational revenues increased/ (decreased) by (18.39)% in the fiscal 2017 and 30.78%in the fiscal 2016. the net profit, as restated, was Rs. 40.02 lakhs for the period ended September 30, 2017 and were Rs. 162.81 lakhs, Rs. 112.99 lakhs and Rs. 79.20 lakhs in each of the Fiscals 2017, 2016 and 2015 respectively. the net profit as restated increased by 40.10% in fiscal 2017 and 42.65 % in the fiscal 2016. MAJOR EVENTS: 1994 -Incorporated under Companies Act, 1956 as Medico Remedies Private Limited 1999 -Acquired plot at Palghar for setting up manufacturing set-up for general formulations 2002 -Acquired plot at Palghar for setting up manufacturing set-up for beta lactam 2016 -Renwed WHO-GMP Certification for the manufacturing facility -Purchased corporate premises at "Hubtown Solaris" 2017 -Renewed ISO-9001:2015 Certification for the manufacturing facility -Converted into a public limited company and the name of the company was changed to Medico Remedies Ltd 2021 -The Company has issued Bonus Shares in the Ratio of 3:1. 2023 -The Company has splits its face value from Rs. 10/- to Rs. 2/-.

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Parent Organisation

Medico Remedies Ltd.

Founded

18/03/1994

Managing Director

Mr.Harshit Haresh Mehta

NSE Symbol

MEDICOEQ

FAQ

The current price of Medico Remedies Ltd is ₹ 55.66.

The 52-week high for Medico Remedies Ltd is ₹ 58.00 and the 52-week low is ₹ 54.59.

The market capitalization of Medico Remedies Ltd is currently ₹ 461.89. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Medico Remedies Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Medico Remedies Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Medico Remedies Ltd shares.

The CEO of Medico Remedies Ltd is Mr.Harshit Haresh Mehta, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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