Adeshwar Meditex
Adeshwar Meditex
HealthcareKey Fundamentals
SMEHealthcare TechnologyHealthcareTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has reduced debt.
- Stock is trading at 0.62 times its book value
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -3.19% over past five years.
- Company has a low return on equity of 4.89% over last 3 years.
Growth Rate
Quarterly Results
| Particulars | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 36.53 | 29.45 | 30.21 | 34.54 | 46.06 | 36.3 | 46.26 | 33.59 | 40.9 | 37.45 | 30.06 | 26.05 |
| Expenses | 34.9 | 26.47 | 28.12 | 33.25 | 43.33 | 33.84 | 44.05 | 30.61 | 38.9 | 35.27 | 28.52 | 24.82 |
| Operating Profit | 1.63 | 2.98 | 2.09 | 1.29 | 2.73 | 2.46 | 2.21 | 2.98 | 2 | 2.18 | 1.54 | 1.23 |
| OPM % | 4.46% | 10.12% | 6.92% | 3.73% | 5.93% | 6.78% | 4.78% | 8.87% | 4.89% | 5.82% | 5.12% | 4.72% |
| Other Income | 0.09 | 0.17 | 0.02 | 0.21 | 0.08 | 0.22 | 0.08 | 0.05 | 0.21 | 0.17 | 0.05 | 0.05 |
| Interest | 1.08 | 1.11 | 1.02 | 1.01 | 1.04 | 1.01 | 1.03 | 0.9 | 0.71 | 0.31 | 0.36 | 0.25 |
| Depreciation | 0.17 | 0.17 | 0.17 | 0.22 | 0.26 | 0.27 | 0.29 | 0.31 | 0.25 | 0.21 | 0.21 | 0.22 |
| PBT | 0.47 | 1.87 | 0.92 | 0.27 | 1.51 | 1.4 | 0.97 | 1.82 | 1.25 | 1.83 | 1.02 | 0.81 |
| Tax % | 29.79% | 27.27% | 26.09% | 59.26% | 27.81% | 29.29% | 25.77% | 29.12% | 28% | 27.32% | 28.43% | 34.57% |
| Net Profit | 0.33 | 1.36 | 0.68 | 0.11 | 1.09 | 0.99 | 0.73 | 1.28 | 0.9 | 1.34 | 0.73 | 0.53 |
| EPS in Rs | 0.63 | 1.29 | 0.47 | 0.08 | 0.76 | 0.69 | 0.51 | 0.89 | 0.62 | 0.93 | 0.51 | 0.37 |
Profit & Loss
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 58.6 | 52.92 | 56.12 | 65.97 | 64.76 | 82.36 | 79.85 | 83.71 | 56.1 |
| Expenses | 52.96 | 47.44 | 50.64 | 61.22 | 61.39 | 77.14 | 74.66 | 79.29 | 53.33 |
| Operating Profit | 5.64 | 5.48 | 5.48 | 4.75 | 3.37 | 5.22 | 5.19 | 4.42 | 2.77 |
| OPM % | 9.62% | 10.36% | 9.76% | 7.2% | 5.2% | 6.34% | 6.5% | 5.28% | 4.94% |
| Other Income | 0.1 | 0.25 | 0.28 | 0.13 | 0.23 | 0.31 | 0.13 | 0.26 | 0.1 |
| Interest | 1.78 | 2.23 | 2.52 | 2.19 | 2.03 | 2.09 | 1.93 | 1.39 | 0.61 |
| Depreciation | 0.36 | 0.35 | 0.34 | 0.35 | 0.38 | 0.53 | 0.6 | 0.5 | 0.43 |
| PBT | 3.6 | 3.15 | 2.9 | 2.34 | 1.19 | 2.91 | 2.79 | 2.79 | 1.83 |
| Tax % | 29.72% | 28.25% | 27.24% | 28.63% | 33.61% | 28.52% | 27.96% | 26.16% | 31.15% |
| Net Profit | 2.54 | 2.26 | 2.12 | 1.68 | 0.79 | 2.07 | 2.01 | 2.07 | 1.26 |
| EPS in Rs | 5.1 | 4.54 | 4.03 | 1.6 | 0.55 | 1.43 | 1.39 | 1.43 | 0.87 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.98 | 4.98 | 5.27 | 10.53 | 14.43 | 14.43 | 14.43 | 14.43 | 14.43 |
| Reserves | 8.55 | 10.81 | 13.64 | 10.05 | 16.52 | 18.48 | 20.48 | 22.53 | 23.85 |
| Borrowings | 11.58 | 19.92 | 21.32 | 22.45 | 18.99 | 16.43 | 13.89 | 12.45 | 6 |
| Other Liabilities | 7.33 | 5.79 | 14.57 | 19.27 | 22.63 | 17.67 | 15.23 | 22.79 | 5.94 |
| Total Liabilities | 32.44 | 41.5 | 54.8 | 62.3 | 72.57 | 67.01 | 64.03 | 72.2 | 50.22 |
| Fixed Assets | 2.36 | 2.44 | 2.28 | 2.24 | 3.03 | 3.7 | 3.53 | 2.95 | 2.61 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.02 | 0.04 | 0.08 | 0.08 | 0.1 | 0.1 | 0.1 | 0 | 0 |
| Other Assets | 30.06 | 39.02 | 52.44 | 59.98 | 69.44 | 63.21 | 60.4 | 69.25 | 47.61 |
| Total Assets | 32.44 | 41.5 | 54.8 | 62.3 | 72.57 | 67.01 | 64.03 | 72.2 | 50.22 |
Cash Flow
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | — | — | -0.99 | 3.15 | -2.44 | 5.77 | 3.84 | 3.8 | 4.97 |
| Investing | — | — | 1.58 | -0.71 | -1.16 | -1.16 | -0.22 | 0.51 | 0.1 |
| Financing | — | — | -0.07 | -3.11 | 4.44 | -4.63 | -4.36 | -2.66 | -7.09 |
| Net Cash Flow | — | — | 0.53 | -0.66 | 0.85 | -0.02 | -0.75 | 1.65 | -2.02 |
| Free Cash Flow | — | — | -1.17 | 2.83 | -3.61 | 4.57 | 3.41 | 3.86 | 4.89 |
| CFO/OP | — | — | -3 | 81 | -56 | 129 | 90 | 105 | 198 |
Ratios
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 109 | 135 | 181 | 151 | 183 | 124 | 116 | 153 | 135 |
| Inventory Days | 64.44 | 113 | 119 | 174 | 168 | 128 | 139 | 127 | 159 |
| Days Payable | 43.11 | 38.76 | 105 | 120 | 139 | 88.18 | 75.97 | 104 | 37.5 |
| Cash Conversion Cycle | 130 | 208 | 196 | 205 | 213 | 163 | 178 | 175 | 257 |
| Working Capital Days | 129 | 108 | 124 | 111 | 147 | 117 | 129 | 136 | 225 |
| ROCE % | — | 17.69% | 14.27% | 11.22% | 6.93% | 10.07% | 9.62% | 8.27% | 5.21% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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57 extracted metrics + investor summaries across FY18–FY26.
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Company Information
Incorporated in 2007, Adeshwar Meditex Ltd is a manufacturer and exporter of sterile surgical wound dressings and medical disposables[1]
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