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MedPlus Health Services Ltd.
(MEDPLUS)
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Rating:52Neutral
Price Target:
₹633.00
▼(-21.74% Downside)
Action:Reiterated
Date:07/23/26
The score is anchored by decent underlying financial performance (growth and improved recent cash flow), but is pulled down materially by weak technicals (clear downtrend with bearish momentum) and a premium P/E valuation without dividend support.
Positive Factors
Consistent Revenue Expansion
Consistent revenue scaling indicates that MedPlus has expanded its customer and store-based business over several years rather than relying on a single-period improvement. Continued top-line growth can support operating leverage, strengthen procurement scale, and provide a durable base for future earnings development.
Negative Factors
Thin Net Profit Margins
Thin net margins leave limited room for execution mistakes, cost increases, or changes in customer and product mix. Even with revenue growth, a small percentage of sales converts into profit, so sustained earnings improvement will depend on disciplined operating costs and better margin conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Expansion
Consistent revenue scaling indicates that MedPlus has expanded its customer and store-based business over several years rather than relying on a single-period improvement. Continued top-line growth can support operating leverage, strengthen procurement scale, and provide a durable base for future earnings development.
Read all positive factors
MedPlus Health Services Ltd. (MEDPLUS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹75.28B
Dividend YieldN/A
Average Volume (3M)19.02K
Price to Earnings (P/E)35.2
Beta (1Y)0.59
Revenue Growth16.79%
EPS Growth17.67%
CountryIN
Employees28,872
SectorGeneral
Sector StrengthN/A
IndustryMedical - Pharmaceuticals
Share Statistics
EPS (TTM)17.55
Shares Outstanding120,137,060
10 Day Avg. Volume17,788
30 Day Avg. Volume19,020
Financial Highlights & Ratios
PEG Ratio0.99
Price to Book (P/B)5.10
Price to Sales (P/S)1.46
P/FCF Ratio24.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)17.28
Revenue Forecast (FY)₹80.52B
MedPlus Health Services Ltd. Business Overview & Revenue Model
Company Description
MedPlus Health Services Limited operates primarily as an Indian retailer of pharmaceutical products and diverse general merchandise. Its extensive product catalog includes vital health and wellness items such as prescription medications, vitamins,...
How the Company Makes Money
MedPlus primarily makes money by selling prescription and over-the-counter (OTC) medicines and other health-related products through its retail pharmacy stores and digital/online ordering channels. Key revenue streams generally include: (1) produc...
MedPlus Health Services Ltd. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
67
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 72.29B | 68.92B | 61.36B | 56.25B | 45.58B | 37.79B |
| Gross Profit | 6.44B | 6.40B | 14.70B | 12.14B | 9.82B | 7.85B |
| EBITDA | 6.86B | 6.79B | 5.00B | 3.66B | 2.78B | 2.82B |
| Net Income | 2.10B | 2.20B | 1.50B | 654.73M | 497.63M | 958.02M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 39.33B | 33.60B | 30.05B | 27.97B | 25.94B |
| Cash, Cash Equivalents and Short-Term Investments | 6.13B | 4.62B | 4.40B | 1.65B | 2.89B | 6.58B |
| Total Debt | 0.00 | 14.24B | 11.20B | 10.10B | 9.05B | 8.15B |
| Total Liabilities | -19.75B | 19.58B | 16.20B | 14.27B | 13.06B | 11.77B |
| Stockholders Equity | 19.75B | 19.75B | 17.41B | 15.78B | 14.91B | 14.18B |
Cash Flow | ||||||
| Free Cash Flow | 2.71B | 4.04B | 4.95B | 593.38M | -785.95M | 521.68M |
| Operating Cash Flow | 3.13B | 5.27B | 5.54B | 1.44B | 904.10M | 1.70B |
| Investing Cash Flow | -680.55M | -1.59B | -3.32B | -827.99M | 4.29B | -7.03B |
| Financing Cash Flow | -1.22B | -2.55B | -2.28B | -1.98B | -1.70B | 4.40B |
MedPlus Health Services Ltd. Technical Analysis
Negative
808.80
Price Trends
665.44
Negative
747.57
Negative
796.07
Negative
Market Momentum
-11.25
Positive
32.68
Neutral
13.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MEDPLUS, the sentiment is Negative. The current price of 808.8 is above the 20-day moving average (MA) of 650.32, above the 50-day MA of 665.44, and above the 200-day MA of 796.07, indicating a bearish trend. The MACD of -11.25 indicates Positive momentum. The RSI at 32.68 is Neutral, neither overbought nor oversold. The STOCH value of 13.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MEDPLUS.
MedPlus Health Services Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹81.95B | 29.10 | ― | 1.87% | 21.09% | 65.51% | |
74 Outperform | ₹330.58B | 58.90 | ― | 0.84% | 14.29% | 5.55% | |
61 Neutral | ₹17.29B | 17.73 | ― | 0.38% | 10.19% | 20.99% | |
59 Neutral | ₹111.50B | 54.94 | ― | 0.37% | 21.80% | 31.84% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹75.28B | 35.16 | ― | ― | 16.79% | 17.67% | |
43 Neutral | ₹9.04B | -44.57 | ― | 3.66% | 32.15% | 79.55% |
* General Sector Average
IN:MEDPLUS
MedPlus Health Services Ltd.
617.30
-152.90
-19.85%
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IN:SASTASUNDR
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284.70
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IN:THYROCARE
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20.82%
MedPlus Health Services Ltd. Corporate Events
MedPlus Health Files SEBI Compliance Certificate on Dematerialisation for Q2 FY2026
Oct 3, 2026
MedPlus Health Services Limited has reported compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The company has received and submitted a certificate from its reg...
MedPlus Board Addresses SEBI Compliance Fine Over Director Appointment
Sep 10, 2026
MedPlus Health Services Ltd. has disclosed that its board reviewed a fine imposed by the stock exchanges for non-compliance with Regulation 17(1A) of SEBI’s LODR norms, linked to the appointment of independent director Ajit Pandurang Rangnek...
MedPlus Subsidiary Faces Two-Day Drug License Suspension at Karnataka Store
Jul 26, 2026
MedPlus Health Services Ltd. has disclosed that its subsidiary, Optival Health Solutions Private Limited, received a two-day suspension of the drug license for one retail pharmacy located on Busstand Road in Bijapur, Karnataka. The order, issued b...
MedPlus puts major CAPEX plans on hold after strategic review
Jul 23, 2026
MedPlus Health Services Ltd. has decided to place previously approved capital expenditure plans on hold following a review of its current business structure and market outlook. The shelved projects include the development of a Food Park by materia...
MedPlus asks exchanges to disregard erroneous investor presentation filing
Jul 22, 2026
MedPlus Health Services Limited has informed the BSE and NSE that an investor presentation filed on July 21, 2026 contained an unintended attachment due to an inadvertent error by the company. The filing occurred in the evening on both exchanges a...
MedPlus Subsidiary Faces Minor Karnataka Drug License Suspensions
Jul 15, 2026
MedPlus Health Services Ltd., a listed healthcare retailer, operates a broad network of pharmacy outlets across India through subsidiaries, including Optival Health Solutions Private Limited. Its core business centers on selling regulated pharmace...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.