Nidan Laboratories And Healthcare Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: NIDAN | Hospital & Healthcare Services | Small Cap

BSE Share Price
Not Listed

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Nidan Laboratories And Healthcare stock performance -

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P/E Ratio (SA):
11.84
Market Cap:
41.9 Cr.
52-wk low:
0
52-wk high:
0

Is Nidan Laboratories And Healthcare Ltd an attractive stock to invest in?

1. Is Nidan Laboratories And Healthcare Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nidan Laboratories And Healthcare Ltd is a average quality company.

2. Is Nidan Laboratories And Healthcare Ltd undervalued or overvalued?

The key valuation ratios of Nidan Laboratories And Healthcare Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Nidan Laboratories And Healthcare Ltd a good buy now?

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

10 Year X-Ray of Nidan Labs. & Health:

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.
Nidan Laboratories And Healthcare Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.4%7.6%9.8%6.3%5.9%-
Value Creation
Index
-0.4-0.5-0.3-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 20.121.420.429.724.324
Sales YoY Gr.-6.7%-4.8%45.5%-18.2%-
Adj EPS 0.20.72.31.82.42.6
YoY Gr.-213%223.6%-24%36.2%-
BVPS (₹) 10.411.113.547.45050
Adj Net
Profit
0.20.72.32.53.44
Cash Flow from Ops. 94.64.47.813.9-
Debt/CF from Ops. 3.67.48.82.50.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA4.3%-18.2%
Adj EPS NANA49.6%36.2%
BVPSNANA64.9%5.4%
Share Price - - - -26.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.26.718.96.255.1
Op. Profit
Mgn %
39.135.743.631.728NAN
Net Profit
Mgn %
1.13.311.38.313.814.6
Debt to
Equity
3.13.12.90.30.2-
Working Cap
Days
02693835018250
Cash Conv.
Cycle
0897839730

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 49.59%

Debt to equity has declined versus last 3 years average to 0.16

Return on Equity has declined versus last 3 years average to 5.10%

Sales growth has been subdued in last 3 years 4.27%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Nidan Laboratories And Healthcare Ltd.

Standalone Consolidated
TTM EPS (₹) 2.6 -
TTM Sales (₹ Cr.) 24.3 -
BVPS (₹.) 50 -
Reserves (₹ Cr.) 56 -
P/BV 0.60 -
PE 11.84 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 41.9
Equity (₹ Cr.) 13.9
Face Value (₹) 10
Industry PE 84.6

Management X-Ray of Nidan Labs. & Health:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Nidan Labs. & Health

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales20.0621.4120.3829.6624.27
Operating Expenses 12.2213.7711.4920.2517.46
Manufacturing Costs2.132.421.165.774.92
Material Costs1.722.552.213.091.09
Employee Cost 2.352.772.853.594.88
Other Costs 6.026.045.277.806.57
Operating Profit 7.847.648.899.416.80
Operating Profit Margin (%) 39.1%35.7%43.6%31.7%28.0%
Other Income 0.370.011.060.403.33
Interest 4.753.743.462.662.22
Depreciation 3.243.193.182.633.10
Exceptional Items 00000
Profit Before Tax 0.220.713.304.524.81
Tax 0011.861.27
Profit After Tax 0.220.712.302.663.54
PAT Margin (%) 1.1%3.3%11.3%9.0%14.6%
Adjusted EPS (₹)0.20.72.31.92.6
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 10.3111.0313.3365.9069.44
Share Capital 9.909.909.9013.9013.90
Reserves 0.411.133.435255.54
Minority Interest00000
Debt32.1734.3522.9118.139.66
Long Term Debt32.1734.3514.169.424.77
Short Term Debt008.768.714.89
Trade Payables0.55-0.181.291.150.21
Others Liabilities -0.22-0.2415.962.854.61
Total Liabilities 42.8144.9653.4988.0383.92

Fixed Assets

Gross Block55.3655.3758.3659.7460.65
Accumulated Depreciation32.0835.2638.4539.2839.26
Net Fixed Assets23.2820.1019.9220.4621.39
CWIP 000.233.810
Investments 0.530.530.2700
Inventories0.080.090.110.220.37
Trade Receivables5.615.435.435.366.03
Cash Equivalents 4.347.397.308.108.42
Others Assets8.9711.4220.2450.0747.72
Total Assets 42.8144.9653.4988.0383.92

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 8.954.624.357.8313.90
PBT 0.220.713.304.524.81
Adjustment 7.996.936.554.545.05
Changes in Working Capital 0.74-3.03-5.51-0.075.33
Tax Paid 000-1.16-1.30
Cash Flow From Investing Activity 1-0.01-3.22-35.74-2.99
Capex 1-0.01-3.22-6.480.05
Net Investments 00000
Others 000-29.26-3.04
Cash Flow From Financing Activity -5.81-1.56-1.2228.72-10.59
Net Proceeds from Shares 00049.910
Net Proceeds from Borrowing -1.062.182.15-18.75-8.36
Interest Paid -4.75-3.74-3.36-2.44-2.22
Dividend Paid 00000
Others 00000
Net Cash Flow 4.143.05-0.100.800.32
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.176.718.96.725.23
ROCE (%)11.7110.1513.9810.528.5
Asset Turnover Ratio0.470.490.410.420.28
PAT to CFO Conversion(x)40.686.511.892.943.93
Working Capital Days
Receivable Days10294976686
Inventory Days11224
Payable Days1162691144227

Nidan Laboratories And Healthcare Ltd Stock News

Nidan Laboratories And Healthcare Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nidan Labs. & Health on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Nidan Labs. & Health stood at ₹41.91.
The latest P/E ratio of Nidan Labs. & Health as of 01-Jan-1970 05:30 is 11.84.
The latest P/B ratio of Nidan Labs. & Health as of 01-Jan-1970 05:30 is 0.60.
The 52-week high of Nidan Labs. & Health is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nidan Labs. & Health is ₹24.27 ( Cr.) .

About Nidan Laboratories And Healthcare Ltd

Nidan Laboratories and Healthcare was originally incorporated as Abhi Diagnostic Imagings Private Limited on December 5, 2000 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Maharashtra. Subsequently, the name of the company was changed from “Abhi Diagnostic Imagings Private Limited” to “Nidan Laboratoris And Healthcare Private Limited” under the Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the EGM held on February 26, 2021 and had obtained fresh certificate of incorporation dated March 24, 2021 issued by the Registrar of Companies, Maharashtra. Subsequently, the company was converted into a public limited company and the name of the company was changed to ‘Nidan Laboratories And Healthcare Limited’ and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Mumbai, Maharashtra, on May 24, 2021.

The company was established as a proprietary Firm in 1994 by its Promoter- Dr. Nitin Vithalrao Throve in the Northern District of Mumbai where diagnostic services was provided under one roof at reliable and affordable price. The business was carried out under sole proprietorship, which was later taken over by the company in 2000. From the year 2000, he expanded the diagnostic’s business by setting up various centre’s within the Northern District of Mumbai and Pune and Southern District of Pune.

Business area of the company

The company offers diagnostic services including radiology, neurology, cardiology, dental as well as pathology services. The company provides pathology tests ranging from basic biochemistry and clinical pathology to cytogenetic and high-end molecular diagnostic tests, and radiology tests ranging from basic echocardiograms, X-Rays, and ultrasounds to advanced radiology tests including computerized tomography (CT) scans, magnetic resonance imaging (MRI) scans. The company also offers a broad spectrum of customized health and wellness packages to its customers and offers value-added services to its customers such as a home collection of specimens, house calls, and various delivery or access modes for test reports.

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