MarketFriction

Raaj Medisafe India Ltd

BSE 524502 · Packaging
₹98.46 +3.53%
BSE close2026-10-01
Market cap₹156 Cr.
P/E66.1

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales11.2010.1711.3610.9110.9114.5924.4015.8318.4020.7125.0829.46
Expenses9.638.659.049.189.1812.3721.2913.2115.6517.0222.3725.40
Operating Profit1.571.522.321.731.732.223.112.622.753.692.714.06
OPM %14.02%14.95%20.42%15.86%15.86%15.22%12.75%16.55%14.95%17.82%10.81%13.78%
Other Income0.010.000.040.000.00-0.010.110.010.230.040.280.15
Interest0.330.370.470.360.360.520.680.680.821.381.080.86
Depreciation0.200.210.230.230.230.400.440.490.430.500.630.71
Profit before tax1.050.941.661.141.141.292.101.461.731.851.282.64
Tax %0.00%0.00%57.83%15.79%15.79%19.38%-65.24%0.00%0.00%-2.70%353.12%25.00%
Net Profit1.060.940.700.970.971.033.481.461.731.89-3.231.97
EPS in Rs0.970.860.640.730.730.782.631.111.321.44-1.971.20
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1.804.424.624.8021.8031.8034.6838.6143.2462.4279.9793.65
Expenses2.114.505.075.5820.2927.7429.6033.0036.6053.7968.2180.44
Operating Profit-0.31-0.08-0.45-0.781.514.065.085.616.648.6311.7613.21
OPM %-17.22%-1.81%-9.74%-16.25%6.93%12.77%14.65%14.53%15.36%13.83%14.71%14.11%
Other Income0.010.030.000.250.340.010.080.020.060.200.560.70
Interest0.540.510.660.751.160.740.711.111.572.133.964.14
Depreciation0.240.270.310.310.680.710.720.750.841.452.042.27
Profit before tax-1.08-0.83-1.42-1.590.012.623.733.774.295.256.327.50
Tax %0.00%0.00%0.00%0.00%3,100.00%12.21%19.03%11.67%22.38%-16.57%71.52%
Net Profit-1.08-0.83-1.43-1.59-0.292.303.013.333.336.131.812.36
EPS in Rs-2.14-1.65-2.84-3.15-0.582.102.753.043.044.641.101.99
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth46%20%27%42%
Compounded Profit Growth14%-5%-18%-66%
Stock Price CAGR29%11%34%46%
Return on Equity%24%17%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital5.005.005.005.005.0010.9010.9010.9010.9010.9013.1816.42
Reserves-7.96-9.03-9.88-11.32-12.91-12.09-9.83-6.75-3.41-0.0713.7430.32
Borrowings7.107.619.039.4311.6111.8713.1313.0215.6225.9334.5764.67
Other Liabilities0.251.661.622.071.422.912.412.452.664.527.499.94
Total Liabilities4.395.245.775.185.1213.5916.6119.6225.7741.2868.98121.35
Fixed Assets3.303.573.493.473.487.037.269.308.6310.7223.6839.04
CWIP0.000.000.540.000.000.001.600.001.5910.148.5126.76
Investments0.010.010.010.010.010.070.070.070.070.070.070.07
Other Assets1.081.661.731.701.636.497.6810.2515.4820.3536.7255.48
Total Assets4.395.245.775.185.1213.5916.6119.6225.7741.2868.98121.35
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.180.14-0.23-0.01-1.37-1.032.232.450.174.27-0.093.67
Cash from Investing Activity-2.14-0.51-0.680.27-0.05-0.21-2.78-0.96-1.67-13.00-16.42-34.95
Cash from Financing Activity2.63-0.020.92-0.261.431.240.51-1.471.498.7416.5244.23
Net Cash Flow0.31-0.390.010.000.000.00-0.040.02-0.010.020.0212.95
Free Cash Flow-2.31-0.37-0.910.25-1.43-1.25-0.561.31-1.56-7.37-13.01-29.83
CFO/OP30%-45%288%2%176%-68%55%48%14%74%10%31%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days115.5835.5160.8362.3578.6956.2457.2564.7666.6097.6553.63
Inventory Days2,555.00106.92141.1398.6164.6120.9624.6548.1889.79105.5067.86105.98
Days Payable5,475.00538.28233.60275.22132.6251.5619.466.6610.608.8535.7735.94
Cash Conversion Cycle-315.78-56.96-115.78-5.6648.1061.4398.77143.95163.24129.75123.67
Working Capital Days-56.78-87.53-141.42-123.95-7.538.724.8436.4021.6111.299.72
ROCE %-23.41%-13.99%-9.06%-20.94%-32.01%16.41%27.09%27.99%24.23%19.58%15.02%11.89%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters73.45%73.45%73.45%73.45%73.45%73.45%73.45%73.45%73.80%73.80%73.80%59.08%
Public26.56%26.54%26.56%26.56%26.55%26.56%26.55%26.55%26.20%26.20%26.19%40.92%
No. of Shareholders8,4048,3548,3068,2428,1818,1518,1388,1417,8107,7817,7707,783

Fundamentals

Market Cap₹ 156 Cr.
Current Price₹ 95.0
Stock P/E66.1
Book Value₹ 28.5
ROCE11.9 %
ROE4.91 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)42%
Compounded Profit Growth (TTM)-66%
Standalone figures.
Valuation
Market capRs 162 Cr
Enterprise valueRs 214 Cr
P/E (TTM)68.79x
Price to book3.47x
Price to sales1.73x
EV / EBITDA15.38x
EV / EBIT18.38x
EV / sales2.29x
Price to cash flow44.23x
Earnings yield1.45%
P/E, 3-year average32.70x
P/B, 3-year average3.85x
P/E, 5-year average24.00x
P/B, 5-year average5.06x
Profitability
Operating margin (excl. other income)14.71%
Operating margin (incl. other income)15.41%
EBITDA margin14.85%
Pre-tax margin8.01%
Net profit margin2.52%
Net margin, latest quarter6.69%
ROE4.91%
ROCE11.89%
ROA1.90%
ROE, 3-year average24.58%
ROCE, 3-year average15.50%
ROA, 3-year average7.65%
ROE, 5-year average49.26%
ROCE, 5-year average19.81%
ROA, 5-year average10.85%
ROIC (approx.)3.37%
Tax rate71.52%
Other income / net worth1.20%
Growth
Sales growth (latest year)28.12%
Profit growth (latest year)-70.47%
Sales CAGR, 3 years27.47%
Sales CAGR, 5 years20.25%
Profit CAGR, 3 years-18.39%
Profit CAGR, 5 years-4.68%
Sales growth QoQ17.46%
Sales growth YoY (latest quarter)86.10%
Profit growth YoY (latest quarter)34.93%
Per share
EPS (TTM)Rs 1.43
EPS (latest year)Rs 1.10
EPS (latest quarter)Rs 1.19
EPS, 3-year averageRs 2.93
EPS, 5-year averageRs 2.92
Book value per shareRs 28.35
Sales per shareRs 56.80
Cash flow per shareRs 2.23
Free cash flow per shareRs -18.09
Efficiency
Asset turnover0.66x
Fixed asset turnover2.05x
Inventory turnover4.01x
Inventory days91 days
Debtor days54 days
Debtors turnover6.81x
Creditor days36 days
Cash conversion cycle124 days
Working capital days10 days
Leverage
Total debtRs 65 Cr
Cash and bankRs 13 Cr
Net debtRs 52 Cr
Debt to equity1.38x
Net debt / EBITDA3.71x
Interest coverage2.81x
Owners' fund to total sources38.52%
Debt to assets53.29%
Cash flow
Cash from Operating Activity (latest year)Rs 4 Cr
Cash from Investing Activity (latest year)Rs -35 Cr
Cash from Financing Activity (latest year)Rs 44 Cr
Net Cash Flow (latest year)Rs 13 Cr
Free cash flow (latest year)Rs -30 Cr
FCFE (approx.: FCF + change in debt)Rs 0 Cr
Cash from ops / profit, 5 years0.59x
Sales to cash flow21.79x
Statement figures
Net sales (TTM)Rs 94 Cr
Net sales (latest year)Rs 80 Cr
Sales (latest quarter)Rs 29 Cr
Operating profit excl. other income (latest year)Rs 12 Cr
Operating profit (latest quarter)Rs 4 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 14 Cr
PBDT (TTM)Rs 10 Cr
Profit before tax (TTM)Rs 8 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 60 Cr
Total expenditure (latest year)Rs 68 Cr
Total income (latest year)Rs 81 Cr
Share capitalRs 16 Cr
ReservesRs 30 Cr
Shareholders' fundsRs 47 Cr
Total assetsRs 121 Cr
Net blockRs 39 Cr
Capital work in progressRs 27 Cr
InvestmentsRs 0 Cr
ReceivablesRs 12 Cr
InventoryRs 15 Cr
Other liabilitiesRs 10 Cr
Shares outstanding (crore)1.65
Ownership
Promoter holding59.08% (-14.37 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 68.8 is at the 97th percentile of its own 5.4-year range (median 24.6, low 12.5, high 78.4).
P/B 3.47 is at the 6th percentile (median 11.34).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period524502Nifty 50Difference
1 week+3.6%-2.8% +6.4 pts
1 month+11.7%-6.8% +18.5 pts
3 months+8.2%-7.6% +15.8 pts
3 years+149.9%+14.2% +135.7 pts
5 years+64.8%+27.9% +36.9 pts

Red flags

F-score 4 of 8
explainDebt up, profit down Borrowings up 87% while net profit fell in 2026
lookInventory outrunning sales Inventory grew 83% vs sales +28% in 2026
lookShare dilution Share count up 24% in a year
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹29 Cr +86.1% vs Jun 2025. Net profit ₹2 Cr +34.9%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Raaj Medisafe India Ltd?

Raaj Medisafe India Ltd (524502) has a market capitalisation of Rs 156 Cr. at the 2026-10-01 close.

What is the P/E ratio of Raaj Medisafe India Ltd?

Raaj Medisafe India Ltd trades at a P/E of 66.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Raaj Medisafe India Ltd's latest quarterly results?

In the Jun 2026 quarter, Raaj Medisafe India Ltd sales was Rs 29 Cr (+86.1% vs Jun 2025) and net profit was Rs 2 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03