Is Raaj Medisafe India Ltd (524502) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Raaj Medisafe India Ltd is a below average quality company .

Is Raaj Medisafe India Ltd (524502) undervalued or overvalued?

The key valuation ratios of Raaj Medisafe India Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Raaj Medisafe India Ltd (524502) share price return in the past 10 years?

Raaj Medisafe India Ltd share price has appreciated 27% annually (CAGR) over the past ten years.

Is Raaj Medisafe India Ltd (524502) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Raaj Medisafe India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Raaj Medisafe India Ltd (524502)?

Company share prices are keep on changing according to the market conditions. The current trading price of Raaj Medisafe India Ltd (524502) on 17-Apr-2026 16:59:59 at 16:59 is 81.99.

What is the P/E ratio of Raaj Medisafe India?

The latest standalone P/E ratio of Raaj Medisafe India as of 17-Apr-2026 is 12.59.

What is the P/B ratio of Raaj Medisafe India Ltd (524502)?

The latest standalone P/B ratio of Raaj Medisafe India Ltd (524502) as of 17-Apr-2026 is 3.48.

What is the 52-week high and low of Raaj Medisafe India Ltd (524502)?

The 52-week high of Raaj Medisafe India Ltd (524502) is Rs. 102.35 and the 52-week low is Rs. 64.08.

Raaj Medisafe India Ltd (524502) Share Analysis – Quality, Pipeline & Valuation Zone & DeciZen Rating

Name: Raaj Medisafe India Ltd (524502)
Brand: Raaj Medisafe India

Raaj Medisafe India Ltd (524502) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Raaj Medisafe India Ltd (524502)

BSE: 524502 NSE:

Key Metrics

Market Cap

₹108 Cr.

P/E Ratio

12.59

Price to Book (P/B)

3.48

Price to Sales (P/S)

1.36

EV/EBITDA

12.68

Return on Capital Employed (ROCE)

15.05%

Current Price

₹82

Return on Equity (ROE)

32.48%

Return on Assets (ROA)

11.21%

Operating Profit Margin

13.6%

Net Profit Margin

9.82%

Gross Profit Margin

10.7%

Book Value per Share

₹23.6

Sales Growth (YoY)

44.32%

Sales Growth (3 Years)

21.63%

Operating Profit Growth (1 Year)

28.7%

Operating Profit Growth (3 Years)

18.73%

Net Profit Growth (1 Year)

84.08%

52-Week Low / High

₹64 / 102

Net Profit Growth (3 Years)

26.72%

Dividend Yield

0.00%

Promoter Holding

73.80%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Raaj Medisafe India Ltd?

Raaj Medisafe India Ltd revenue growth is 44.3% for FY-2025 , which is above its 5 year CAGR of 23.4% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Raaj Medisafe India Ltd?

Promoters hold 73.80% of the Raaj Medisafe India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Raaj Medisafe India Ltd vs industry peers?

Raaj Medisafe India Ltd revenue CAGR is 23.42% , compared to the industry median CAGR of 1.45% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Raaj Medisafe India Ltd belong to?

Raaj Medisafe India Ltd belongs to the Healthcare sector, operating specifically within the Medical Equipment/Supplies/Accessories segment.

Q.1 Stock return of Raaj Medisafe India Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 27% based on the current price.

DeciZen - make an informed investing decision on Raaj Medisafe India

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

3. Price Trend

Raaj Medisafe India stock performance

Key Ratios

Is Raaj Medisafe India Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-14%	-8.3%	-21%	-24.8%	16.3%	27%	28.3%	24.2%	19.6%	15.1%	-
Value Creation Index ⓘ	NA	NA	NA	NA	NA	0.9	1.0	0.7	0.4	0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1.8	3.9	4	4.8	21.8	31.8	34.7	38.6	43.3	62.4	79
Sales YoY Gr.	-	118.9%	2.3%	19.1%	354.2%	45.9%	9.1%	11.3%	12%	44.3%	-
Adj EPS ⓘ	-2.1	-1.7	-2.8	-3.5	-0.6	2.1	2.7	3	3	4.6	6.5
YoY Gr.	-	NA	NA	NA	NA	NA	28.9%	11.8%	0%	52.6%	-
BVPS (₹) ⓘ	-8.1	-9.8	-12.6	-15.8	-14.2	1	3.8	6.9	9.9	20.4	23.6
Adj Net Profit ⓘ	-1.1	-0.9	-1.4	-1.8	-0.3	2.3	3	3.3	3.3	6.1	9
Cash Flow from Ops. ⓘ	0.1	-0.2	-0	-1.4	-1	2.2	2.5	0.2	4.3	-0.1	-
Debt/CF from Ops. ⓘ	53.1	-39.7	-976.4	-8.5	-11.6	5.9	5.3	89.7	6.1	-397.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	48.3%	23.4%	21.6%	44.3%
Adj EPS ⓘ	NA	NA	19.5%	52.6%
BVPSⓘ	NA	NA	75%	105.4%
Share Price	27%	40.1%	38%	19.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	30.8	19.2	24.9	24.8	6.2	-3968.2	114	57.1	36.3	32.5	29.6
Op. Profit Mgn % ⓘ	-17	-2.3	-10.2	-16.8	6.9	12.8	14.7	14.5	15.3	13.7	15.3
Net Profit Mgn % ⓘ	-59.8	-21.7	-34.6	-36.8	-1.3	7.3	8.6	8.6	7.7	9.8	10.8
Debt to Equity ⓘ	-1.9	-1.9	-1.5	-1.5	-1.7	12.3	3.1	2.1	2.4	1.3	-
Working Cap Days ⓘ	231	137	132	123	67	80	93	121	151	166	70
Cash Conv. Cycle ⓘ	-34	-38	-27	0	28	46	68	97	119	104	-5

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	6.5	-
TTM Sales (₹ Cr.)	79.3	-
BVPS (₹) ⓘ	23.6	-
Reserves (₹ Cr.) ⓘ	18	-
P/BV ⓘ	3.48	-
PE ⓘ	12.59	-

From the Market
52 Week Low / High (₹)	64.08 / 102.35
All Time Low / High (₹)	0.25 / 122.60
Market Cap (₹ Cr.)	108
Equity (₹ Cr.)	13.2
Face Value (₹)	10
Industry PE ⓘ	163.7

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Raaj Medisafe India - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	2	4	4	5	22	32	35	39	43	62
Operating Expenses ⓘ +	2	4	4	6	20	28	30	33	37	54
Manufacturing Costs	0	1	1	1	2	2	2	2	2	4
Material Costs	1	2	2	3	15	22	23	27	29	44
Employee Cost	0	1	1	1	2	2	3	3	3	4
Other Costs ⓘ	0	0	0	1	1	1	1	1	2	2
Operating Profit ⓘ	-0	-0	-0	-1	2	4	5	6	7	9
Operating Profit Margin (%)	-17.0%	-2.3%	-11.4%	-16.8%	6.9%	12.8%	14.7%	14.5%	15.3%	13.6%
Other Income ⓘ +	0	0	0	0	0	0	0	0	0	0
Exceptional Items ⓘ	-0	-0	0	0	-0	-0	0	-0	0	0
Interest ⓘ	1	1	1	1	1	1	1	1	2	2
Depreciation ⓘ	0	0	0	0	1	1	1	1	1	1
Profit Before Tax ⓘ	-1	-1	-1	-2	0	3	4	4	4	5
Tax ⓘ	0	0	0	0	0	0	1	0	1	-1
Profit After Tax	-1	-1	-1	-2	-0	2	3	3	3	6
PAT Margin (%)	-60.0%	-21.1%	-35.4%	-33.2%	-1.3%	7.2%	8.7%	8.6%	7.7%	9.8%
Adjusted EPS (₹)	-2.2	-1.7	-2.9	-3.2	-0.6	2.1	2.8	3.1	3.1	4.7
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	-4	-5	-6	-8	-7	1	4	7	11	27
Share Capital ⓘ	5	5	5	5	5	11	11	11	11	13
Reserves ⓘ	-9	-10	-11	-13	-12	-10	-7	-3	-0	14
Debt +	8	9	9	12	12	13	13	16	26	35
Long Term Debt	7	8	8	10	8	9	5	7	14	14
Short Term Debt	0	1	1	2	4	5	8	9	12	20
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	1	1	2	1	2	1	0	1	1	4
Others Liabilities ⓘ	0	0	0	0	7	1	2	2	4	2
Total Liabilities ⓘ	5	6	5	5	14	17	20	26	41	68
Fixed Assets
Net Fixed Assets ⓘ +	4	3	3	3	7	7	9	9	11	23
Gross Block	5	5	6	6	13	14	16	16	19	33
Accumulated Depreciation	1	2	2	2	6	6	7	8	9	10
CWIP ⓘ	0	1	0	0	0	2	0	2	10	9
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	0	1	1	1	1	2	3	7	8	8
Trade Receivables	1	0	1	1	5	5	5	7	8	17
Cash Equivalents	0	0	0	0	0	0	0	0	0	0
Others Assets ⓘ	1	0	0	0	1	1	2	2	4	12
Total Assets ⓘ	5	6	5	5	14	17	20	26	41	68

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	0	-0	-0	-1	-1	2	2	0	4	-0
PBT ⓘ	-1	-1	-1	-2	-1	3	4	4	4	5
Adjustment ⓘ	1	1	1	1	1	1	2	2	2	3
Changes in Working Capital ⓘ	0	-0	0	-1	-1	-2	-3	-5	-2	-8
Tax Paid ⓘ	0	0	0	0	0	0	0	-1	-1	-1
Cash Flow From Investing Activity ⓘ +	-1	-1	0	-0	-0	-3	-1	-2	-13	-16
Capex	-1	-1	0	-0	-0	-3	-1	-2	-12	-13
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	-1	-3
Cash Flow From Financing Activity ⓘ +	-0	1	-0	1	1	1	-1	1	9	17
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	10
Net Proceeds from Borrowing ⓘ	0	1	0	2	2	1	-3	1	7	1
Interest Paid ⓘ	-1	-1	-1	-1	-1	-1	-1	-1	-2	-2
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	1	0	0	0	1	2	1	3	8
Net Cash Flow ⓘ	-0	0	-0	-0	-0	-0	0	-0	0	0

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	0	115.41	57.21	36.32	32.48
ROCE (%)	N/A	N/A	N/A	N/A	N/A	27.03	28.33	24.24	19.58	15.05
Asset Turnover Ratio	0.38	0.81	0.85	0.95	2.35	2.13	1.95	1.7	1.29	1.14
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	1	0.67	0	1.33	-0
Working Capital Days
Receivable Days	64	41	47	60	46	55	54	58	62	72
Inventory Days	36	47	60	46	12	14	24	46	64	49
Payable Days	301	236	244	174	40	28	13	8	9	21

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Raaj Medisafe India Ltd FAQs

The current trading price of Raaj Medisafe India on 17-Apr-2026 16:59 is ₹81.99.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Raaj Medisafe India stood at ₹107.8 Cr

The latest P/E ratio of Raaj Medisafe India as of 16-Apr-2026 is 12.59.

The latest P/B ratio of Raaj Medisafe India as of 16-Apr-2026 is 3.48.

The 52-week high of Raaj Medisafe India is ₹102.3 and the 52-week low is ₹64.08.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Raaj Medisafe India is ₹79.34 ( Cr.) .

About Raaj Medisafe India Ltd

Raaj Medisafe India is a venture of packaging people group. The group is dealing with the heads of pharma & hygiene sector since 20 years with many topmost brands across the globe. The company’s impressive industry spreads in 27,000 sqm. area at Pithampur Industrial Area in Madhya Pradesh. Its moto is to produce best quality products to give 100% hygienic and infection free products in Hospitals, Nursing Homes, Spas etc. Its product range is produced with world class technologies and on fully automatic machines. There is no human touch on product, and entire process is carried out in clean room environment.

Business area of the company

The company deals in wide range of personal and hospital hygiene related products like disposable bed sheets, pillow covers, stretcher sheets, under pads, sanitary napkins, panty liners, baby diapers & adult diapers, etc.

Products:

Medisafe Underpads
Medisafe Stretcher Sheet
Medisafe Disposable Pilow Cover
Medisafe Disposable Bed Sheet
Surgical Gowns
Reinforced Surgical Gowns
Wrap Around Surgical Gowns
Patient Gowns
Surgical Drapes of different sizes
SMS Mask
Ear Loop Mask
Tie on Mask
Bouffant Cap
Surgeon Cap
Shoe Cover
Sanitary Napkin
Panty Liners
Panty Liners
Adult Diapers

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● Conflict-Free ● SEBI Registered ● 15Y+ Track Record

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Raaj Medisafe India Ltd (524502) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Raaj Medisafe India Share Price