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Medico Remedies Ltd

Fri 23/05/2025,15:44:13 | NSE : MEDICO

₹ 54.000.09 (0.17%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 53.20

Previous Close

₹ 53.91

Volume

465436

Mkt Cap ( Rs. Cr)

₹448.11

High

₹ 54.48

Low

₹ 53.20

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

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Option Chain

Analyzes market sentiment, predicts Medico Remedies Ltd' movement.

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News

Media spotlight triggers stock stock attention, sentiment.

  • Medico Remedies - Intimation For Commencement Of Work For New Factory Under Regulation 30 (Read With Part B Of Schedule III)

    15 May 2025, 2:26PM The Company is pleased to announce commencement of work for New Factory.
  • Medico Remedies - Capacity addition

    15 May 2025, 2:22PM Medico Remedies Limited has informed the Exchange about Commencement of work for New Factory
  • Medico Remedies - Copy of Newspaper Publication

    10 May 2025, 1:50PM Medico Remedies Limited has informed the Exchange about Copy of Newspaper Publication
  • Medico Remedies - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    8 May 2025, 4:39PM MEDICO REMEDIES LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Age
  • Medico Remedies - Outcome of Board Meeting

    8 May 2025, 4:37PM Medico Remedies Limited has informed the Exchange regarding Board meeting held on May 08, 2025.
  • Medico Remedies - Appointment

    8 May 2025, 4:35PM Medico Remedies Limited has informed the Exchange regarding Appointment of Haresh Sanghvi as Other of the company w.e.f. April 01, 2025.
  • Medico Remedies - Appointment

    8 May 2025, 4:30PM Medico Remedies Limited has informed the Exchange regarding Appointment of M/s. Shah Shroff & Associates as Other of the company w.e.f. September 30,
  • Medico Remedies - Cessation

    8 May 2025, 4:18PM Medico Remedies Limited has informed the Exchange regarding Cessation of VJ Shah & Co as Other of the company w.e.f. September 30, 2025.
  • Medico Remedies - Outcome of Board Meeting

    8 May 2025, 4:13PM Medico Remedies Limited has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2025.
  • Medico Remedies - Appointment Of Secretarial Auditor & Approval Of Director's Report Alongwith Annexures

    8 May 2025, 4:33PM Please find attached Intimation for appointment of Mr. Haresh Sanghvi as Secretarial Auditor and approval of Director's Report alongwith Annexures.
  • Medico Remedies - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

    8 May 2025, 4:27PM Please find attached Intimation for appointment of M/s. Shah Shroff & Associates as Statutory Auditors of the Company.
  • Medico Remedies - Financial Results For March, 2025

    8 May 2025, 4:24PM Please find attached Financial Results for quarter and year ended 31st March, 2025.
  • Medico Remedies Q4 net profit up 40.00% at Rs 4.34 cr

    8 May 2025, 4:20PM The company reported standalone net profit of Rs 4.34 crore for the quarter ended March 31, 2025 as compared to Rs 3.10 crore in the same period last
  • Medico Remedies - Announcement under Regulation 30 (LODR)-Cessation

    8 May 2025, 4:16PM Please find attached Intimation for Cessation of Term of VJ Shah & Co as Statutory Auditors of the Company.
  • Medico Remedies - Board Meeting Outcome for Outcome Of Board Meeting Held Today

    8 May 2025, 4:07PM Please find attached Outcome of Board Meeting held today
  • Medico Remedies - Appointment Of Secretarial Auditor & Approval Of Director's Report Alongwith Annexures

    8 May 2025, 4:33PM Please find attached Intimation for appointment of Mr. Haresh Sanghvi as Secretarial Auditor and approval of Director's Report alongwith Annexures.
  • Medico Remedies - Appointment Of Secretarial Auditor & Approval Of Director's Report Alongwith Annexures

    8 May 2025, 4:33PM Please find attached Intimation for appointment of Mr. Haresh Sanghvi as Secretarial Auditor and approval of Director's Report alongwith Annexures.
  • Medico Remedies - Board Meeting Intimation

    30 Apr 2025, 4:16PM MEDICO REMEDIES LIMITED has informed the Exchange about Board Meeting to be held on 08-May-2025 to inter-alia consider and approve the Audited Financi
  • 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,

Key fundamentals

Evaluate the intrinsic value of Medico Remedies Ltd stock 

Name March-25 March-24 March-23 March-22 March-21
Assets 76.3013 59.1228 51.9363 47.93 45.521
Liabilities 76.3013 59.1228 51.9363 47.93 45.521
Equity 16.5968 16.5968 16.5968 16.6 4.1492
Gross Profit 15.0029 12.9093 9.6199 7.21 5.2282
Net Profit 10.0932 8.2909 7.2415 4.89 2.5916
Cash From Operating Activities 4.8921 0 8.1672 1.71 2.608
NPM(%) 6.68 5.72 5.15 4.04 2.11
Revenue 150.9406 144.9207 140.4374 121.02 122.3857
Expenses 135.9377 132.0114 130.8175 113.81 117.1574
ROE(%) 18.18 14.93 13.04 8.8 4.66

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 810.80 -0.27 26.90 30.84 301.39 0.62
Lotus Eye Hospital and Institute Ltd 72.33 -1.20 301.38 112.36 14.01 0.69
Vaishali Pharma Ltd 13.08 2.67 436.00 57.92 2.76 0.00
Astec Lifesciences Ltd 706.50 0.50 0.00 105.95 -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 ₹ 54.00.

The 52-week high for Medico Remedies Ltd is ₹ 54.48 and the 52-week low is ₹ 53.20.

The market capitalization of Medico Remedies Ltd is currently ₹ 448.11. 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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