Share price
₹25.9 latest close · −4.1% over the last 90 sessions
₹25.9 month-end · −5.5% over 12 months
₹25.9 month-end · −82.1% since Jun '24
52-week range ₹19.10 to ₹41.00 · 1-year volatility 65.6%
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-87.2% (2024-07 peak to 2026-06 low, not yet recovered)
Where does it rank among Health Technology peers?
Each cell is the company's percentile rank among its Health Technology peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE3rd▼ 57 pts vs a year ago
- Revenue growth2nd▼ 92 pts vs a year ago
- EPS growth5th▼ 52 pts vs a year ago
- Debt/equity ↓22nd▼ 8 pts vs a year ago
- Cash cycle ↓3rd▼ 56 pts vs a year ago
- P/E ↓96th▲ 7 pts vs a year ago
- 12M momentum32nd▲ 19 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Health Technology sector page Watch it move against Health Technology in the Observatory
What is the price implying?
Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Health Technology The market-wide Expectations lists
Key figures
- Share Priceclose 2 Nov
- ₹25.90
- ROCE
- -10.4%
- Market Cap
- ₹39 cr
- Revenue (TTM)
- ₹22 cr
- P/S
- 1.8x
- P/B
- 1.3x
- ROE
- -17.1%
- Debt / Equity
- 0.5x
- Promoter Holding
- 54.9%
- 12M Momentum
- -5.5%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance—Not enough data
Not enough reported data to compute this.
Tax rate—Not enough data
Not enough reported data to compute this.
Cash conversion-4.83xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: -4.83x (cash from operations ₹-12.8 cr, net profit ₹2.7 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow0 of 3 yrsBeyond threshold
Fiscal years with positive free cash flow in the last 3: 0. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+68 daysBeyond threshold
Debtor days are above the median of the previous three fiscal years by 68 days (312 vs 244). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress1% of fixed assetsWithin range
Capital work-in-progress is 1% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days-35 days / 2 yrsWithin range
Days payable changed by -35 over two years. Bands: rise of up to 30 days; more than 30 days.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 2 years, promoters trimmed 4.8 pts; DIIs trimmed 3.8 pts.
- The number of shareholders rose from 379 to 508 (+34%) between Sep 2024 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like MEDICAMEN ORGANICS LIMITED today on valuation, return on capital, debt, growth, price momentum and size.
- Over the following 12 months the middle half of them returned −27% to +60% vs the market, against −2% for all non-financial companies in the same months.
- The gap against the base rate (+7.2%, 80% range −3.2% to +20.1%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 6 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 31 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ORIENTALTL Non-Energy Minerals |
May 2024 | — | -4% | +44% | −28% | +68% |
| AURUS Miscellaneous |
May 2022 | — | -19% | +21% | −42% | −31% |
| WILLAMAGOR Consumer Non-Durables |
Oct 2020 | — | -16% | +6% | −34% | −6% |
| OILCOUNTUB Non-Energy Minerals |
Jan 2021 | — | -34% | +7% | −22% | +20% |
| HILTON Producer Manufacturing |
Dec 2021 | — | -19% | +84% | −18% | +208% |
Show the other 3 matches
How reliable is this?
Matched on P/S, ROCE, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high and size. Closest on: 12-month momentum, drawdown from 12-month high and P/S. Not used (unavailable for this company): P/E, operating margin and volatility. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What changed?
10 events since Jun '25
- SepPromoterPromoter holding fell 4.8 pts to 54.9%.
- SepInstitutionsFII + DII holding fell 3.7 pts over 2 quarters to 0.1%.
- JunResultsEPS (TTM) turned negative.
- JunPriceFell 87% from the Jul 2024 peak to the Jun 2026 low.
- JunPeer rankSlipped to the bottom quartile of Health Technology on ROCE (from the 2nd quartile).
- JanDebtDebt / equity halved over 12 months to 0.41x.
- SepPeer rankMoved into the 2nd quartile of Health Technology on EPS growth (from the 3rd quartile).
- JunResultsRevenue (TTM) reached a new high of ₹38 cr.
Show 2 earlier events
- JunDebtDebt / equity halved over 12 months to 0.41x.
- JunSharesShare count is up 36.0% over 12 months.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history30 months · 2024-06 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | — | ₹22 cr | -17.1% | -10.4% | 0.5x |
| 2026-10 | — | ₹22 cr | -17.1% | -10.4% | 0.5x |
| 2026-09 | — | ₹22 cr | -17.1% | -10.4% | 0.5x |
| 2026-08 | — | ₹22 cr | -17.1% | -10.4% | 0.5x |
| 2026-07 | — | ₹22 cr | -17.1% | -10.4% | 0.5x |
| 2026-06 | — | ₹22 cr | -17.1% | -10.4% | 0.5x |
| 2026-05 | 6.9x | ₹38 cr | 16.4% | 16.9% | 0.4x |
| 2026-04 | 8.4x | ₹38 cr | 16.4% | 16.9% | 0.4x |
| 2026-03 | 6.1x | ₹38 cr | 16.4% | 16.9% | 0.4x |
| 2026-02 | 6.9x | ₹38 cr | 16.4% | 16.9% | 0.4x |
| 2026-01 | 7.7x | ₹38 cr | 16.4% | 16.9% | 0.4x |
| 2025-12 | 6.9x | ₹38 cr | 16.4% | 16.9% | 0.4x |
| 2025-11 | 7.9x | ₹38 cr | 16.4% | 16.9% | 0.4x |
| 2025-10 | 9.7x | ₹38 cr | 16.4% | 16.9% | 0.4x |
| 2025-09 | 9.2x | ₹38 cr | 16.4% | 16.9% | 0.4x |
| 2025-08 | 10.5x | ₹38 cr | 16.4% | 16.9% | 0.4x |
| 2025-07 | 12.9x | ₹38 cr | 16.4% | 16.9% | 0.4x |
| 2025-06 | 12.8x | ₹38 cr | 16.4% | 16.9% | 0.4x |
| 2025-05 | 12.7x | ₹25 cr | 21.0% | — | 0.8x |
| 2025-04 | 9.3x | ₹25 cr | 21.0% | — | 0.8x |
| 2025-03 | 7.1x | ₹25 cr | 21.0% | — | 0.8x |
| 2025-02 | 10.4x | ₹25 cr | 21.0% | — | 0.8x |
| 2025-01 | 13.8x | ₹25 cr | 21.0% | — | 0.8x |
| 2024-12 | 17.7x | ₹25 cr | 21.0% | — | 0.8x |
| 2024-11 | 16.2x | ₹25 cr | 21.0% | — | 0.8x |
| 2024-10 | 17.7x | ₹25 cr | 21.0% | — | 0.8x |
| 2024-09 | 21.3x | ₹25 cr | 21.0% | — | 0.8x |
| 2024-08 | 21.5x | ₹25 cr | 21.0% | — | 0.8x |
| 2024-07 | 25.1x | ₹25 cr | 21.0% | — | 0.8x |
| 2024-06 | 47.4x | ₹25 cr | 21.0% | — | 0.8x |