Medicamen Biotech (MEDICAMEQ) had a P/E of 37.2× on 6 Nov 2026, above the industry P/E of 28.7×, and the shares are 38% below their 52-week high. Its ROCE of 5.5% is the lowest among the 7 largest Drug Manufacturers (Specialty & Generic) peers, and sales grew 12% a year over 3 years while net profit fell 13%. Its dividend yield is 0.4%, and debt is 0.17× equity. It is a small-cap company with a market cap of ₹388 Cr, ranked 84th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares fell 32% over the past year.
- ₹260.00
- ₹275.70
- ₹254.00
- ₹262.60
- 16.7K
Health check
- ReturnsBehind
−31.7% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 37.2 vs industry 28.7.
- GrowthSteady
Sales +12.0%, profit −13.4% a year over 3 years.
- ProfitabilityWeak
ROCE 5.5% vs peer median 17.9%.
- Balance sheetFair
Debt 0.17× equity, interest covered 4.4×, Piotroski 4 of 9.
- Red flags2 to check
Return on equity is low at 4.0%.
Small cap
Defensive
Key metrics
- Market cap
- ₹388 Cr
- Small cap
- P/E
- 37.2
- Industry 28.7
- Price to book
- 1.18
- Peers 4.99
- Dividend yield
- 0.36%
- ROE
- 4.0%
- Peers 14.7%
- ROCE
- 5.5%
- Peers 17.9%
- Debt to equity
- 0.17
- Debt ₹48 Cr
- EPS (TTM)
- ₹7.41
- Face value ₹10
- OPM (TTM)
- 9.5%
- Net margin 4.7%
- Sales growth
- +11.3%
- Latest quarter vs a year ago
- Profit growth
- −1.6%
- Latest quarter vs a year ago
- Price to sales
- 1.88
- EV/EBITDA 19.5
Strengths and risks
Strengths
- Promoter stake up from 40.5% to 42.6%.
Risks to check
- Return on equity is low at 4.0%.
- 38% below its 52-week high.
About Medicamen Biotech
Medicamen Biotech Limited, a pharmaceutical company, research, develops, manufactures, markets, and sells pharmaceutical formulations in India and internationally. The company provides tablets, capsules, dry syrups, oral liquids, ointments, and other pharmaceutical dosage forms. Its products are used in therapeutic areas comprising cancer care, cardiology, CNS, diabetology, anti-infective, anti-malarials, vitamins and supplements, antibiotics, pain…
- Headquarters
- New Delhi
- Employees
- 405
- Sector
- Healthcare
- ISIN
- INE646B01010
- Website
- medicamen.com
Price range
- Avg volume (3M)
- 48.7K
- 1-year return
- minus 31.7%
- From 52-week high
- minus 38.4%
Peers · Drug Manufacturers - Specialty & Generic
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMASun Pharmaceutical Industries | 1,860.00 | plus 1.69% | 4,46,276 | 40.7 | 4.99 | 17.9% | 13.1% | 28.2% | 10.4% | 10.6% | 0.86% | plus 8.2% |
| DIVISLABDivi's Laboratories | 10,320.50 | plus 1.78% | 2,73,977 | 93.6 | 16.35 | 19.0% | 16.2% | 34.9% | 11.0% | 12.1% | 0.29% | plus 49.0% |
| TORNTPHARMTorrent Pharmaceuticals | 4,750.00 | plus 0.85% | 1,80,675 | 80.2 | 9.83 | 9.1% | 15.7% | 33.7% | 13.3% | 20.2% | 0.80% | plus 31.7% |
| LAURUSLABSLaurus Labs | 2,340.00 | minus 0.26% | 1,26,433 | 94.4 | 20.86 | 19.5% | 24.0% | 30.4% | 3.8% | 4.0% | 0.09% | plus 138.6% |
| ZYDUSLIFEZydus Lifesciences | 1,197.90 | plus 0.41% | 1,19,491 | 28.6 | 4.29 | 19.0% | 14.7% | 26.2% | 16.5% | 37.0% | 0.08% | plus 22.8% |
| DRREDDYDr. Reddy's Laboratories | 1,373.00 | plus 0.51% | 1,14,462 | 40.9 | 2.96 | 14.2% | 7.3% | 15.9% | 11.0% | −1.7% | 0.58% | plus 13.8% |
| CIPLACipla | 1,411.00 | plus 0.49% | 1,13,993 | 39.4 | 3.22 | 14.9% | 8.3% | 17.3% | 7.2% | 11.5% | 0.92% | minus 6.6% |
| MEDICAMEQMedicamen Biotech | 275.70 | plus 4.99% | 388 | 37.2 | 1.18 | 5.5% | 4.0% | 9.5% | 12.0% | −13.4% | 0.36% | minus 31.7% |
| Median of 7 peers | – | 0.51% | 1,26,433 | 40.9 | 4.99 | 17.9% | 14.7% | 28.2% | 11.0% | 11.5% | 0.58% | 22.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 43 | 47.2 | 46.9 | 60.6 | 47.9 | |
| 38.4 | 42 | 42.5 | 55.2 | 43.6 | |
| 4.6 | 5.2 | 4.4 | 5.4 | 4.3 | |
| 10.7% | 10.9% | 9.3% | 9.0% | 9.0% | |
| 0.5 | 0.4 | 0.5 | 1.7 | 0.9 | |
| 1.2 | 1 | 1 | 0.4 | 0.8 | |
| 1.8 | 1.9 | 1.8 | 1.7 | 1.8 | |
| 2.1 | 2.7 | 2.1 | 5.1 | 2.6 | |
| 24.9% | 21.2% | 22.6% | 12.1% | 28.2% | |
| 2.2 | 2.7 | 1.6 | 3.9 | 2.1 | |
| 1.18 | 1.56 | 1.21 | 3.28 | 1.36 |
Profit & loss
- Sales CAGR 3Y
- +12.0%
- Profit CAGR 3Y
- −13.4%
- EPS CAGR 3Y
- −15.4%
- ROE
- 4.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 141 | 179 | 163 | 198 | |
| – | +27.3% | minus 9.3% | +21.7% | |
| 116 | 155 | 143 | 177 | |
| 25.3 | 24.5 | 19.3 | 20.8 | |
| 17.9% | 13.7% | 11.9% | 10.5% | |
| 2 | 1 | 0.7 | 2 | |
| 2.9 | 4.4 | 3.2 | 3.5 | |
| 6.4 | 7.1 | 6.9 | 7.2 | |
| −0.9 | −0.9 | −0 | −0 | |
| 17 | 13.1 | 9.9 | 12 | |
| 13.6% | 27.4% | 33.6% | 18.3% | |
| 14.8 | 10.9 | 7.1 | 9.6 | |
| – | minus 26.4% | minus 35.0% | +35.6% | |
| 11.73 | 8.63 | 5.59 | 7.11 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.7 | 12.7 | 12.7 | 13.6 | |
| 181 | 192 | 199 | 259 | |
| 25.7 | 31.1 | 33.8 | 49.2 | |
| 59.4 | 58.3 | 51.5 | 49.8 | |
| 279 | 295 | 297 | 372 | |
| 91.8 | 91 | 86.4 | 84.1 | |
| 20.8 | 14.8 | 3.8 | 31.3 | |
| 166 | 189 | 207 | 257 | |
| 279 | 295 | 297 | 372 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −6.3 | −6.7 | −8.2 | −33.2 | |
| −5.9 | −5.6 | −1.4 | −3 | |
| 29.1 | 6.3 | −1.5 | 63.7 | |
| 17 | −6 | −11 | 27.5 | |
| −6.6 | −6.3 | −2.2 | −4.8 | |
| −12.9 | −13 | −10.3 | −38 | |
| −1.3 | −1.3 | −1.3 | −1.4 |
Shareholding pattern
- Promoters42.57%
- Public57.43%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 23 Oct 2026 | 42.57% | 57.43% | plus 2.11 | |
| 30 Sep 2026 | 40.46% | 59.54% | 0.00 | |
| 30 Jun 2026 | 40.46% | 59.54% | 0.00 | |
| 31 Mar 2026 | 40.46% | 59.54% | 0.00 | |
| 31 Dec 2025 | 40.46% | 59.54% | – |
Major shareholders
Filings & events
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