Pharma stock engaged in manufacturing, marketing, and distribution of medical products and medical education services to clinics, pharma, medical companies, and others jumped 4 percent in the day’s trade upon entering into an MoU to enhance its products and services
Price Action
With a market capitalization of Rs. 218 Crores, the shares of QMS Medical Allied Services Limited were trading at Rs. 121.90 per equity share, up 4 percent from its previous day’s close price of Rs. 117.40.
What Happened
QMS Medical Allied Services Limited had entered into a Memorandum of Understanding with Fortuna Public Relations Private Limited for availing Communications & IR Mandate Services.
In addition, it has recently entered into a Distributor Agreement with Sahajanand Medical Technologies Limited and Vascular Concepts Limited for the distribution of a range of specialized cardiovascular healthcare products.
About the company
QMS Medical Allied Services Limited is engaged in manufacturing, marketing, and distribution of medical products and medical education services to clinics, pharma, medical companies, and also to individual users.
Financials and Ratios
Its revenue from operations grew by 17.39 percent from Rs. 104 Crores in FY23 to Rs. 122 Crores in FY24, accompanied by profits of Rs. 6 Crores to Rs. 9 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 12.1 percent, and a return on capital employed (ROCE) of 14.7 percent. It has reported a debt-to-equity ratio of 0.44.
Written by: Bharath K.S
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