On 6 Nov 2026, Molbio Diagnostics was priced at ₹1,339.30, or 92.6× trailing earnings, against an industry P/E of 34.9×, and the shares are 21% below their 52-week high. It earns ROCE of 17% and ROE of 16%, and sales grew 64% a year over 3 years. Debt is 0.34× equity. It is a small-cap company with a market cap of ₹15,434 Cr, the largest of 9 Medical Devices companies by market cap; the shares rose 29% over the past year.
- ₹1,350.00
- ₹1,378.00
- ₹1,250.00
- ₹1,403.50
- 9.9 L
Health check
- ReturnsIn line
+28.6% over a year, better than 3 of 7 peers.
- Price tagPricier
P/E 92.6 vs industry 34.9.
- GrowthSteady
Sales +63.7% a year over 3 years.
- ProfitabilityAverage
ROCE 16.5% vs peer median 12.9%.
- Balance sheetFair
Debt 0.34× equity, interest covered 8.4×, Piotroski 5 of 9.
- Red flags1 to check
P/E of 92.6 against an industry P/E of 34.9.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹15,434 Cr
- Small cap
- P/E
- 92.6
- Industry 34.9
- Price to book
- 12.91
- Peers 2.85
- Dividend yield
- 0.00%
- ROE
- 15.6%
- Peers 10.7%
- ROCE
- 16.5%
- Peers 12.9%
- Debt to equity
- 0.34
- Debt ₹450 Cr
- EPS (TTM)
- ₹14.46
- Face value ₹1
- OPM (TTM)
- 20.4%
- Net margin 14.2%
- Sales growth
- +309.6%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 8.80
- EV/EBITDA 36.0
Strengths and risks
Strengths
- Quarterly sales up 309.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 92.6 against an industry P/E of 34.9.
About Molbio Diagnostics
Molbio Diagnostics Limited, a point-of-care diagnostics company, provides healthcare technologies to diagnose infectious and non-communicable diseases. It manufactures and sells chip based diagnostic devices, chips and reagents, X-ray equipment's, and single/dual detectors. It also offers disposable POCT devices, which includes dengue, malaria, and COVID-19 tests; Tabletop analysers, a portable machine that are used to perform molecular or…
- Headquarters
- Verna
- Employees
- 1,225
- Sector
- Healthcare
- ISIN
- INE869T01028
- Website
- molbiodiagnostics.com
Price range
- Avg volume (3M)
- 29 L
- 1-year return
- plus 28.6%
- From 52-week high
- minus 20.6%
Peers · Medical Devices
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOLBIOMolbio Diagnostics | 1,339.30 | minus 4.57% | 15,434 | 92.6 | 12.91 | 16.5% | 15.6% | 20.4% | 63.7% | – | 0.00% | plus 28.6% |
| SMTSahajanand Medical Technologies | 525.95 | plus 7.83% | 5,346 | 77.3 | 7.42 | 13.3% | 10.7% | 8.4% | – | – | 0.00% | plus 39.3% |
| FISCHERFischer Medical Ventures | 24.30 | minus 2.88% | 1,698 | 10.4 | 4.08 | 12.5% | 8.9% | 12.5% | 1097.3% | – | 0.21% | minus 73.4% |
| HSILHemant Surgical Industries | 628.65 | minus 0.21% | 914 | 42.1 | 5.95 | 19.5% | 18.1% | 10.0% | 28.4% | 33.5% | 0.00% | plus 117.2% |
| UNIVPHOTOUniversus Photo Imagings | 480.00 | minus 1.49% | 525 | – | 0.65 | −9.5% | −9.5% | 5.4% | −24.3% | – | 0.00% | plus 74.8% |
| NURECANureca | 302.30 | minus 0.30% | 302 | 61.4 | 1.53 | – | 2.5% | 8.3% | 9.7% | – | 0.00% | plus 17.4% |
| EARKARTEarkart | 111.00 | minus 5.13% | 153 | 27.8 | 2.37 | 12.1% | 11.7% | 15.3% | 23.2% | 55.5% | 0.00% | minus 48.5% |
| CHOKSIChoksi Asia | 210.35 | minus 0.71% | 120 | 23.1 | 2.85 | 18.4% | 13.5% | 14.5% | 309.2% | – | 0.00% | plus 99.0% |
| Median of 7 peers | – | −0.71% | 525 | 34.9 | 2.85 | 12.9% | 10.7% | 10.0% | 25.8% | 44.5% | 0.00% | 39.3% |
Quarterly results
| ₹ Cr | Jun 25 | Jun 26 |
|---|---|---|
| 99.7 | 408 | |
| 115 | 308 | |
| −15.3 | 101 | |
| −15.3% | 24.6% | |
| −0.1 | 3.1 | |
| 3.6 | 10.7 | |
| 12.3 | 17.1 | |
| −31.3 | 75.9 | |
| 23.4% | 30.5% | |
| −23.7 | 58.7 | |
| -2.06 | 5.10 |
Profit & loss
- Sales CAGR 3Y
- +63.7%
- ROE
- 15.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 322 | 820 | 997 | 1,415 | |
| – | +154.2% | +21.7% | +41.9% | |
| 277 | 635 | 724 | 1,072 | |
| 45.3 | 184 | 273 | 343 | |
| 14.0% | 22.5% | 27.4% | 24.2% | |
| 4.3 | 73.8 | −0.5 | −2.5 | |
| 6.6 | 13.7 | 16 | 31.4 | |
| 31.7 | 41 | 44.6 | 63.6 | |
| −1.7 | −73.8 | −18 | −14.4 | |
| 9.5 | 130 | 194 | 231 | |
| 136.1% | 35.6% | 28.7% | 29.0% | |
| −0.7 | 102 | 145 | 167 | |
| – | – | +42.3% | +14.8% | |
| -0.06 | 8.85 | 12.59 | 14.46 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.3 | 2.3 | 2.3 | 11.3 | |
| 719 | 821 | 966 | 1,158 | |
| 119 | 184 | 147 | 450 | |
| 194 | 214 | 346 | 529 | |
| 1,034 | 1,221 | 1,462 | 2,148 | |
| 200 | 187 | 277 | 319 | |
| 3 | 4.8 | 44.2 | 15.8 | |
| 30.7 | 23.3 | 28.5 | 76.3 | |
| 7.2 | 12.8 | 129 | 371 | |
| 794 | 993 | 983 | 1,366 | |
| 1,034 | 1,221 | 1,462 | 2,148 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 64.1 | 9.6 | 287 | 50.4 | |
| −39.7 | −45 | −123 | −93.2 | |
| 18.2 | −31.6 | −26.1 | 276 | |
| 42.6 | −67 | 138 | 233 | |
| −14.5 | −16.1 | −54.7 | −50 | |
| 49.6 | −6.5 | 232 | 0.4 |
Shareholding pattern
- Promoters41.29%
- Public58.71%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 41.29% | 58.71% | 0.00 | |
| 14 Aug 2026 | 41.29% | 58.71% | – |
Major shareholders
Filings & events
News
No recent news coverage found.