Smallcap inventory jumps 7% after firm acquires 51% stake in Saarathi Healthcare


The share value of this micro-cap medical buying and selling agency surged by 7 % to an intraday excessive of Rs 152.20 per share after it acquired a home firm.

With a market capitalization of Rs 262 crores, the shares of QMS Medical Allied Providers Ltd surged 7 % and closed at Rs 147 per share as on Friday’s market hours.

What occurred:

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In response to QMS’s inventory change paperwork, the agency has acquired a 51 % stake or 4,20,750 shares in Saarathi Healthcare Non-public Restricted for Rs 45 crores, making it a subsidiary of QMS Medical Allied Providers Restricted.

Saarathi Healthcare’s income for the monetary yr 2022-23 was Rs 5,990.23 lakhs and the corporate focuses on illness administration, early prognosis, screening utilizing POC gadgets, illness consciousness, and remedy entry applications.

Why it issues:

With this acquisition, QMS Medical Allied Providers Restricted is about to strengthen its place in healthcare, serving to it attain extra clients and improve its providers.


Reviewing the financials of QMS Medical Allied Providers Ltd on a year-on-year foundation, revenues rose by 17.3 % from Rs 104 crores in FY23 to Rs 122 crores in FY24. In the identical timeframe, web income elevated from Rs 6 crores to Rs 9 crores, demonstrating a 50 % enhance. 

The EBITDA rose by 55.83 % from Rs 7.15 crores in H2FY23 to Rs 9.05 crores in H2FY24. As of FY24, the debt-to-equity ratio stood at 0.44 occasions. 

The ebook worth of the agency stood at 43.99 occasions, with EPS at Rs 5.04 throughout the identical yr.

Future Plans:

QMS Medical Allied Providers Ltd has a three-year development plan to take a position Rs 100 crores in key areas. The important thing segments contains Humrahi Program focuses on white-labeling providers for different pharmaceutical corporations and B2C Growth, whereas affected person service applications purpose to increase the workforce, service areas, and shopper protection. Moreover, the Level of Care Program seeks to reinforce the vary of merchandise and renewable choices.

Trade Data:

The Whole Pharma Market in India is estimated to succeed in a worth of Rs 2,396 Billion in 2024, with the Retail Sector estimated at Rs 1,773 Billion alone.

Share Worth Motion:

The shares of this firm generated a detrimental return of 0.8 % over the previous yr and a constructive return of 12 % over the previous 6 months.

Shareholding Sample:

As of March 2024, the agency’s shareholding sample stood at 73.67 % for promoters and 26.33 % for the general public.

In regards to the Firm:

Included in 2017, QMS Medical Allied Providers Ltd is a producer and distributor of medical gadgets. The Firm is engaged in advertising, buying and selling, and distribution of a variety of Medical Merchandise, Medical and Surgical Devices, Medical Gear & Equipment, and Medical Units.

Written by Zahal


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