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Medi-Caps Ltd (MEDICAPS) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 523144 NSE: MEDICAPS | Chemicals | Small Cap

Medi-Caps Share Price

29.85 -1.02 (-3.30%)
As on 17-Apr'26 16:59

Medi-Caps Ltd (MEDICAPS)

BSE: 523144 NSE: MEDICAPS
Key Metrics
Market Cap
₹37 Cr.
P/E Ratio
42.40
Price to Book (P/B)
0.55
Price to Sales (P/S)
14.03
EV/EBITDA
46.70
Return on Capital Employed (ROCE)
0.43%
Current Price
₹29.9
Return on Equity (ROE)
0.83%
Return on Assets (ROA)
0.82%
Operating Profit Margin
-4.9%
Net Profit Margin
22.97%
Gross Profit Margin
18.4%
Book Value per Share
₹54.5
Sales Growth (YoY)
-66.25%
Sales Growth (3 Years)
NA%
Operating Profit Growth (1 Year)
-102.48%
Operating Profit Growth (3 Years)
N/A%
Net Profit Growth (1 Year)
-85.6%
52-Week Low / High
₹21 / 47
Net Profit Growth (3 Years)
N/A%
Dividend Yield
0.00%
Promoter Holding
51.36%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1 Revenue growth of Medi-Caps Ltd?
Medi-Caps Ltd revenue growth is -66.3% for FY-2025 , which is below its 5 year CAGR of -26% , indicating slower growth.
Q.1 Promoter shareholding and pledge status of Medi-Caps Ltd?
Promoters hold 51.36% of the Medi-Caps Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Revenue growth of Medi-Caps Ltd vs industry peers?
Medi-Caps Ltd revenue CAGR is -26.01% , compared to the industry median CAGR of 7.7% , indicating slower growth and losing its market share.
Q.1 Which industry/sub-sector does Medi-Caps Ltd belong to?
Medi-Caps Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Chemicals segment.
Q.1 Stock return of Medi-Caps Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 2.8% based on the current price.

DeciZen - make an informed investing decision on Medi-Caps

Based on:

M-Cap below 100cr DeciZen not available

Medi-Caps stock performance

Key Ratios
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Is Medi-Caps Ltd an attractive stock to invest in?

1. Is Medi-Caps Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Medi-Caps Ltd is a below average quality company.

2. Is Medi-Caps Ltd undervalued or overvalued?

The key valuation ratios of Medi-Caps Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Medi-Caps Ltd a good buy now?

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

10 Year X-Ray :

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Medi-Caps Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 2.7%2.3%1.2%1.1%-13%0%-0.1%0.4%7.6%0.4%-
Value Creation
Index
-0.8-0.8-0.9-0.9-1.9NA-1.0-1.0-0.5-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2522.822.421.610.9000.17.22.43
Sales YoY Gr.--9.1%-1.8%-3.3%-49.5%-100%NANA7,070%-66.3%-
Adj EPS 0.90.90.50.5-6.70-0.10.23.10.50.7
YoY Gr.--1.1%-51.6%6.7%-1489.6%NANANA1385.7%-85.6%-
BVPS (₹) 52.653.253.754.14848.949.24953.35454.5
Adj Net
Profit
1.21.20.60.6-8.30-0.10.33.90.61
Cash Flow from Ops. 1.42.70.91.3-0.92.2-1-2.63.11.9-
Debt/CF from Ops. 000.20.1-0.100000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -22.9%-26%NA-66.3%
Adj EPS -7.9%NANA-85.6%
BVPS0.3%2.4%3.2%1.3%
Share Price 3% -4.4% -6.9% -32.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.81.80.80.9-13.10-0.20.46.10.81.3
Op. Profit
Mgn %
6.53.52-0-83.100-289.267.6-4.926.5
Net Profit
Mgn %
4.75.12.52.8-76.300253.754.32332.9
Debt to
Equity
0000000000-
Working Cap
Days
2152352092232970021,0804541,4801,054
Cash Conv.
Cycle
161166144148191008,0621766281,042

Recent Performance Summary

Sales growth is good in last 4 quarters at 15.00%

Return on Equity has declined versus last 3 years average to 1.30%

Sales growth has been subdued in last 3 years 0.00%

Latest Financials

Standalone Consolidated
TTM EPS (₹) 0.7 -3.5
TTM Sales (₹ Cr.) 2.7 15.9
BVPS (₹) 54.5 92.9
Reserves (₹ Cr.) 55 103
P/BV 0.55 0.32
PE 42.40 0.00
From the Market
52 Week Low / High (₹) 21.00 / 46.99
All Time Low / High (₹) 0.12 / 91.15
Market Cap (₹ Cr.) 37.2
Equity (₹ Cr.) 12.5
Face Value (₹) 10
Industry PE 45.3

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Medi-Caps - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales25.0422.7622.3521.6210.91000.107.172.42
Operating Expenses + 23.4121.9921.9221.6619.9800.560.392.332.53
Manufacturing Costs5.424.634.604.633.2600.010.010.120.03
Material Costs10.719.849.609.529.250000.010
Employee Cost 4.474.464.574.595.5500.450.230.500.97
Other Costs 2.813.063.162.921.9200.100.161.691.53
Operating Profit 1.630.770.44-0.04-9.070-0.56-0.294.84-0.12
Operating Profit Margin (%) 6.5%3.4%2.0%-0.2%-83.2%---289.0%67.6%-4.9%
Other Income + 0.461.130.681.141.1200.610.640.150.56
Exceptional Items 0000000000
Interest 0.010.020.020.040.0100.01000
Depreciation 0.330.370.340.350.3600.090.090.160.16
Profit Before Tax 1.741.510.760.71-8.320-0.060.264.830.29
Tax 0.560.350.200.120.01-0.010.01-00.94-0.27
Profit After Tax 1.181.160.560.59-8.330.01-0.080.263.890.56
PAT Margin (%) 4.7%5.1%2.5%2.7%-76.3%--253.7%54.3%23.0%
Adjusted EPS (₹)1.00.90.50.5-6.70.0-0.10.23.10.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 65.5466.3766.9267.5159.8560.9761.2961.1166.4967.34
Share Capital 12.4712.4712.4712.4712.4712.4712.4712.4712.4712.47
Reserves 53.0753.9054.4555.0447.3848.5048.8248.6454.0254.87
Debt +000.170.120.0600000
Long Term Debt000.120.06000000
Short Term Debt000.050.060.0600000
Minority Interest0000000000
Trade Payables1.872.241.473.080.420.03000.010.04
Others Liabilities 3.603.393.253.071.221.630.520.521.600.64
Total Liabilities 71.0172.0171.8273.7861.5562.6461.8161.6368.0968.03

Fixed Assets

Net Fixed Assets +3.643.883.933.913.633.262.782.462.262.10
Gross Block20.3620.9321.3321.6521.6521.1319.9916.9916.9516.63
Accumulated Depreciation16.7317.0517.3917.7418.0217.8817.2214.5314.6914.53
CWIP 0000000000.08
Investments 49.5650.3750.8951.7552.1553.3153.6851.9855.1156.88
Inventories7.747.605.766.950.530.05000.030.03
Trade Receivables6.616.066.946.252.662.412.242.244.653.66
Cash Equivalents 1.031.972.042.130.750.730.790.040.050.05
Others Assets 2.432.132.252.791.832.892.334.9165.23
Total Assets 71.0172.0171.8273.7861.5562.6461.8161.6368.0968.03

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1.442.700.861.33-0.922.24-0.95-2.603.091.85
PBT 1.741.510.760.71-8.32-0.12-0.060.264.830.29
Adjustment 0.330.370.340.350.941.570.58-0.281.650.46
Changes in Working Capital -0.091.15-0.070.376.450.79-1.47-2.57-2.440.85
Tax Paid -0.54-0.33-0.18-0.100000-0.950.26
Cash Flow From Investing Activity + -1.31-1.76-0.96-1.19-0.40-2.191.011.85-3.09-1.85
Capex -0-0.61-0.40-0.3300.040.300.150.04-0.07
Net Investments -1.31-1.15-0.56-0.86-0.41-2.230.711.70-3.13-1.78
Others 0000000000
Cash Flow From Financing Activity + 000.17-0.05-0.06-0.060000
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others 000.17-0.05-0.06-0.060000
Net Cash Flow 0.130.940.070.09-1.38-0.020.06-0.7500.01

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.821.750.850.88-13.080.01-0.120.426.090.83
ROCE (%)2.72.331.171.11-13.030-0.080.427.570.43
Asset Turnover Ratio0.40.350.370.350.190000.110.04
PAT to CFO Conversion(x)1.222.331.542.25N/A224N/A-100.793.3
Working Capital Days
Receivable Days87918895126008,063175628
Inventory Days97111919210600024
Payable Days53767187690001521,837

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Medi-Caps Ltd FAQs

The current trading price of Medi-Caps on 17-Apr-2026 16:59 is ₹29.85.

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 Medi-Caps stood at ₹37.22 Cr

The latest P/E ratio of Medi-Caps as of 16-Apr-2026 is 42.40.

The latest P/B ratio of Medi-Caps as of 16-Apr-2026 is 0.55.

The 52-week high of Medi-Caps is ₹46.99 and the 52-week low is ₹21.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Medi-Caps is ₹2.65 ( Cr.) .

About Medi-Caps Ltd

Medi-Caps incorporated in 1986  is a flagship company of Medi-Caps Group, is one of the largest manufacturer of empty hard gelatin capsules in terms of manufacturing capacity as well as market capitalization in India. Medi-Caps entered the highly competitive market with a team of dedicated professionals, duly supported by competent individuals in every aspect of operation.

Medi-Caps Group’s activities span manufacturing of Hard Gelatin Capsule Shells, Education, Industrial Packaging & related products, Finance, Real Estate and is a renowned name in central India.

  • Medi-Caps Institute of Technology and Management (MITM)  
  • Medi-Caps Finance Limited
  • International Institute of Foreign Trade and Research (IIFTR)  
  • Medpak India Limited      
  • Trapti Investments (P) Limited
  • Mittal Enterprises
  • Akshit Finance (P) Limited

At Medi-Caps a philosophy of growth has been consistently upheld with good business practices. Clear focus, excellent infrastructure, a powerful quality policy and a well defined management information system have helped the company to achieve consistent growth.  Today they offer printing features that are best in the industry. Medi-Caps has pioneered many advanced features in product development such as “Pearlz Capsules” (Metallic Colored) as well as Python Printing & Li-Fill Caps. 

Medi-Caps Limited continuously strives to offer its customers excellent product, technical advice, and a through professional service that makes their product tailor made for their customers both in India as well as abroad. 

Their professional goals and corporate personality have blended so well that today Medi-Caps name has become synonymous with the best in the Industry. 

Product range of the company includes:

The product product range comprises of six sizes ranging from 00,0el, 0, 1el, 1,2,3,4 in more than 1000 shades, the same is increasing as rapidly as Pharma Industry itself.

  • Empty Hard Gelatin Capsules
  • Halal Gelatin Capsules
  • Preservative Free Capsules
  • Sodium Lauryl Sulfate ( SLS ) free Capsules
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