EVOQ Remedies Ltd - Stock Valuation and Financial Performance

BSE: 543500 | NSE: | Trading | Small Cap

EVOQ Remedies Share Price

8.70 -0.48 -5.23%
as on 28-Mar'24 16:01

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EVOQ Remedies stock performance -

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P/E Ratio (SA):
7.71
Market Cap:
12.5 Cr.
52-wk low:
8.9
52-wk high:
19.4

Is EVOQ Remedies Ltd an attractive stock to invest in?

1. Is EVOQ Remedies Ltd a good quality company?

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

2. Is EVOQ Remedies Ltd undervalued or overvalued?

The key valuation ratios of EVOQ Remedies Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is EVOQ Remedies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of EVOQ Remedies 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 EVOQ Remedies:

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.
EVOQ Remedies 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'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 47.8%1.7%185.2%6.8%4.9%-
Value Creation
Index
2.4-0.912.2-0.5-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3.39.11016.820.420
Sales YoY Gr.-179.1%10.5%67.5%21.5%-
Adj EPS 0.2010.10.81.21.2
YoY Gr.--100%NA-92.1%48.8%-
BVPS (₹) 0010.51718.218.2
Adj Net
Profit
000.71.11.62
Cash Flow from Ops. 000-26.4-4.4-
Debt/CF from Ops. 0.2-0.30-0.3-2.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA31%21.5%
Adj EPS NANANA48.8%
BVPSNANANA7%
Share Price - - - -42%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
49.81.3186.99.16.86.5
Op. Profit
Mgn %
0.509.58.7-18.3NAN
Net Profit
Mgn %
0.307.16.57.97.9
Debt to
Equity
0.10.300.40.4-
Working Cap
Days
01562494165820
Cash Conv.
Cycle
0-34-382684020

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 31.00%

Return on Equity has declined versus last 3 years average to 6.50%

Net Profit has been subdued in last 3 years 0.00%

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

Latest Financials - EVOQ Remedies Ltd.

Standalone Consolidated
TTM EPS (₹) 1.2 -
TTM Sales (₹ Cr.) 20.4 -
BVPS (₹.) 18.2 -
Reserves (₹ Cr.) 11 -
P/BV 0.50 -
PE 7.71 -
From the Market
52 Week Low / High (₹) 8.90 / 19.44
All Time Low / High (₹) 9.15 / 25.00
Market Cap (₹ Cr.) 12.5
Equity (₹ Cr.) 13.6
Face Value (₹) 10
Industry PE 75.3

Management X-Ray of EVOQ Remedies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of EVOQ Remedies

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales3.259.0710.0216.7820.39
Operating Expenses 3.239.079.0715.3224.12
Manufacturing Costs000.060.040.09
Material Costs3.239.057.8513.7719.33
Employee Cost 00.010.010.180.20
Other Costs 0.010.011.151.334.50
Operating Profit 0.0200.951.46-3.73
Operating Profit Margin (%) 0.5%0.0%9.5%8.7%-18.3%
Other Income 00006.02
Interest 00000
Depreciation 00000
Exceptional Items 00000
Profit Before Tax 0.0200.951.462.28
Tax 000.240.370.67
Profit After Tax 0.0100.721.091.62
PAT Margin (%) 0.3%0.0%7.1%6.5%7.9%
Adjusted EPS (₹)0.20.010.10.81.2
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 0.020.020.7423.1724.79
Share Capital 0.010.010.0113.6013.60
Reserves 0.010.010.739.5711.19
Minority Interest00000
Debt00.0108.169.58
Long Term Debt00.01000
Short Term Debt0008.169.58
Trade Payables2.125.626.781.21-0.54
Others Liabilities 0.0100.520.801.07
Total Liabilities 2.155.658.0533.3334.90

Fixed Assets

Gross Block00000.01
Accumulated Depreciation00000
Net Fixed Assets00000.01
CWIP 00000
Investments 00000
Inventories0.030.060.150.782.03
Trade Receivables1.234.726.8425.4017.22
Cash Equivalents 0.0200.033.090.15
Others Assets0.870.871.034.0615.49
Total Assets 2.155.658.0533.3334.90

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.01-0.020.03-26.43-4.35
PBT 0.0200.721.462.28
Adjustment 00000.01
Changes in Working Capital -0-0.02-0.68-27.52-5.97
Tax Paid 000-0.37-0.67
Cash Flow From Investing Activity 0000-0.01
Capex 0000-0.01
Net Investments 00000
Others 00000
Cash Flow From Financing Activity 00029.491.42
Net Proceeds from Shares 00021.330
Net Proceeds from Borrowing 00001.42
Interest Paid 00000
Dividend Paid 00000
Others 0008.160
Net Cash Flow 0.01-0.020.033.06-2.94
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)49.781.34186.899.136.75
ROCE (%)68.942.69246.99.126.96
Asset Turnover Ratio1.512.331.460.810.6
PAT to CFO Conversion(x)1-INF0.04-24.25-2.69
Working Capital Days
Receivable Days138120210351381
Inventory Days3241025
Payable Days2401562881066

EVOQ Remedies Ltd Stock News

EVOQ Remedies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of EVOQ Remedies on 28-Mar-2024 16:01 is ₹8.70.
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 28-Mar-2024 16:01 the market cap of EVOQ Remedies stood at ₹12.48.
The latest P/E ratio of EVOQ Remedies as of 28-Mar-2024 16:01 is 7.71.
The latest P/B ratio of EVOQ Remedies as of 28-Mar-2024 16:01 is 0.50.
The 52-week high of EVOQ Remedies is ₹19.44 and the 52-week low is ₹8.90.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of EVOQ Remedies is ₹20.39 ( Cr.) .

About EVOQ Remedies Ltd

EVOQ Remedies is one of the recognized trading house of Pharmaceuticals Raw Materials, Excipients, Bulk Drugs at affordable price catering to the customers located in Ahmedabad. It procures the pharmaceuticals Raw Materials products and chemicals from the suppliers which are having WHO-GMP approved production facilities in India and by focusing on its first-class distribution expertise.

In the area of Pharmaceuticals Raw Materials, Excipients, Bulk Drugs etc., the company is specializes in offering quality products and affordable trading in Gujarat. The company has a team of focused industry experts, who have in-depth knowledge of the industry and have with them expertise in offering best solutions for meeting their specific needs. It procure all the products from certified & reliable Manufacturers & Importers, who follow procedures as per the stringent national and international quality and safety standards. In order to achieve the task, it keep its regular visit to ensure quality and reliability of the products. Keeping its basic objective in mind, it strive hard to exceed all the expectations of its clients by supplying best quality products at the most reasonable prices. EVOQ is having its registered office, corporate office and storage location facilities located in Ahmedabad. In the healthcare segment, EVOQ being into trading business offers a wide basket of products.

EVOQ majorly does trading in following segments of pharmaceuticals raw materials:

  • Excipients
  • Nutraceuticals
  • Pellets
  • Solvents
  • Sweetners
  • Vitamins
  • Amino Acids
  • Bulk Drugs
  • Dairy Products
  • Active Pharmaceuticals Ingredients

Business area of the company

The company specializes in offering quality Pharmaceuticals Raw Material products, Excipients, and Bulk Drugs at an affordable prices.

Major events:

  • 2010: Incorporation of Company as ‘Salus Life Science and Research Private Limited’ at Ahmedabad, Gujarat on February 24th, 2010 under the provisions of the Companies Act, 1956.
  • 2021: Conversion of the Company into public limited company, the name of the company was changed to ‘Evoq Remedies Limited’ and fresh Certificate of Incorporation dated July 28, 2021 was issued by Registrar of Companies, Ahmedabad.
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