Nureca (NURECA) had a P/E of 61.4× on 6 Nov 2026, above the industry P/E of 34.9×, and the shares are 20% below their 52-week high. It earns ROCE of 3.0% and ROE of 2.5%, and sales grew 9.7% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹302 Cr, ranked 6th of 9 Medical Devices companies by market cap; the shares rose 17% over the past year.
- ₹306.00
- ₹309.70
- ₹295.00
- ₹303.20
- 3.6K
Health check
- ReturnsBehind
+17.4% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 61.4 vs industry 34.9.
- GrowthSlow
Sales +9.7% a year over 3 years.
- ProfitabilityWeak
ROCE 3.0% vs peer median 13.3%.
- Balance sheetSolid
Practically debt-free.
- Red flags2 to check
Return on equity is low at 2.5%.
Small cap
Defensive
Key metrics
- Market cap
- ₹302 Cr
- Small cap
- P/E
- 61.4
- Industry 34.9
- Price to book
- 1.53
- Peers 4.08
- Dividend yield
- 0.00%
- ROE
- 2.5%
- Peers 11.7%
- ROCE
- 3.0%
- Peers 13.3%
- Debt to equity
- 0.04
- Debt ₹6.60 Cr
- EPS (TTM)
- ₹4.92
- Face value ₹10
- OPM (TTM)
- 8.3%
- Net margin 2.7%
- Sales growth
- +55.1%
- Latest quarter vs a year ago
- Profit growth
- +35.3%
- Latest quarter vs a year ago
- Price to sales
- 1.74
- EV/EBITDA 45.3
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 35.3% on a year ago.
- Quarterly sales up 55.1% on a year ago.
- Promoter stake up from 65.0% to 70.7%.
Risks to check
- Return on equity is low at 2.5%.
- P/E of 61.4 against an industry P/E of 34.9.
About Nureca
Nureca Limited provides home healthcare and wellness products in India. The company offers chronic disease products, such as nebulizers, blood pressure monitors, finger pulse oximeters, glucose meters, and thermometers, as well as connected products; orthopedic products, including massagers, pain management products, posture correctors, and rehabilitation products; and humidifiers and steamers, personal scales, yoga and exercise products, fitness tracking…
- Headquarters
- Chandigarh
- Employees
- 154
- Sector
- Healthcare
- ISIN
- INE0DSF01015
- Website
- nureca.com
Price range
- Avg volume (3M)
- 8.4K
- 1-year return
- plus 17.4%
- From 52-week high
- minus 19.6%
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 | – | −1.49% | 914 | 34.9 | 4.08 | 13.3% | 11.7% | 12.5% | 46.1% | 44.5% | 0.00% | 39.3% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 34.2 | 39.6 | 35.4 | 40.3 | 58.5 | |
| 34.7 | 36.4 | 32.8 | 36.9 | 53.3 | |
| −0.6 | 3.3 | 2.6 | 3.5 | 5.2 | |
| −1.6% | 8.2% | 7.2% | 8.7% | 8.9% | |
| 2.6 | 2.2 | 1 | 1.8 | 1.4 | |
| 0.2 | 0.3 | 0.3 | 0.2 | 0.3 | |
| 0.5 | 0.5 | 0.4 | 0.6 | 0.8 | |
| – | – | −8.3 | −0.1 | 0 | |
| 1.2 | 4.7 | −5.5 | 4.4 | 5.5 | |
| 34.0% | 19.9% | −10.5% | 30.8% | 26.6% | |
| 0.8 | 3.7 | −6.1 | 3.1 | 4.1 | |
| 0.81 | 3.91 | -6.45 | 3.21 | 4.25 |
Profit & loss
- Sales CAGR 3Y
- +9.7%
- ROE
- 2.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 111 | 91.9 | 110 | 147 | |
| – | minus 17.4% | +19.3% | +34.0% | |
| 126 | 102 | 117 | 138 | |
| −14.8 | −10.2 | −7.5 | 8.9 | |
| −13.3% | −11.1% | −6.8% | 6.0% | |
| 4.5 | 4.5 | 7.6 | 7.1 | |
| 0.3 | 0.3 | 0.4 | 0.5 | |
| 2.4 | 2.4 | 2.3 | 2 | |
| 2.2 | 5.8 | 4 | −8.4 | |
| −10.7 | −2.5 | 1.3 | 5 | |
| 23.2% | 29.5% | 37.0% | 58.2% | |
| −8.3 | −1.8 | 0.8 | 2.1 | |
| -8.25 | -1.79 | 0.85 | 2.11 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10 | 10 | 10 | 9.5 | |
| 185 | 183 | 184 | 171 | |
| 3.3 | 2.5 | 5 | 2.3 | |
| 8.4 | 9.5 | 10.7 | 13.1 | |
| 207 | 205 | 210 | 196 | |
| 6 | 5.1 | 9 | 12.5 | |
| – | 0.3 | 2 | 0.6 | |
| 7.2 | – | 3.5 | 63.6 | |
| 102 | 144 | 123 | 13 | |
| 91.2 | 55.9 | 72.7 | 106 | |
| 207 | 205 | 210 | 196 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.2 | −2.7 | −19.1 | 3.3 | |
| −16.5 | 17.6 | 8.4 | 14.5 | |
| −1.5 | −1.3 | −0.2 | −19.6 | |
| −7.7 | 13.6 | −10.8 | −1.8 | |
| −0.4 | −1.1 | −4.3 | −6.8 | |
| 9.8 | −3.8 | −23.4 | −3.5 |
Shareholding pattern
- Promoters70.68%
- Public29.32%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 70.68% | 29.32% | plus 2.59 | |
| 30 Jun 2026 | 68.09% | 31.91% | 0.00 | |
| 31 Mar 2026 | 68.09% | 31.91% | 0.00 | |
| 7 Jan 2026 | 68.09% | 31.91% | plus 3.12 | |
| 31 Dec 2025 | 64.97% | 35.03% | – |
Major shareholders
Filings & events
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