QMS Medical Allied Services Ltd.

•

qmsmas.comBSE: -NSE: QMSMEDI

Market Cap₹ 291 Cr.

Current Price

High / Low₹ 165 / 69

Stock P/E43.6

Book Value₹ 55

Price to Book2.63

Dividend Yield0.33 %

ROCE14.7 %

ROE12.1 %

Face Value₹ 10

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AI Sector View

AI GENERATED

Oil Gas & Consumable Fuels

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Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence

78%

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PROS

Company has delivered good profit growth of 24.3% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 22.1%
Company has a healthy return on capital (ROCE) of 20.5%
Company has delivered good sales growth of 18.7% CAGR over last 5 years
Company maintains a comfortable, low leverage position

CONS

Recent results are weak - TTM profit is down 44.6% versus prior year
Promoter holding has decreased over last 2 years: -5.6pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.30x)
Operating cash flow has been negative in recent years
Equity base is being diluted - shares outstanding up 374.4%
Total debt has risen sharply - up 35.4% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsTradingTrading

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ADANIENT	3100.00	56.37	419654.01	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	AEGISLOG	1306.60	36.65	45861.66	0.67	544.84	210.70	2356.86	37.07	19.76	30.28
3.	CPPLUS	3828.15	94.89	45287.18	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
4.	PREMIERENE	970.00	26.45	44033.30	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
5.	REDINGTON	392.20	18.03	30661.19	1.53	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	475.10	62.24	15489.41	0.63	904.48	2088.70	7559.46	1169.96	20.87	14.58
7.	LLOYDSENT	70.00	95.16	10685.86	0.21	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	767.50	77.80	9673.20	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	62.22	20.86	9333.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1796.30	62.34	7818.05	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	EBGNG	676.35	54.14	7711.17	0.00	28.93	56.21	412.46	32.08	20.58	11.97
12.	QMSMEDI	150.46	26.72	290.95	0.33	3.96	25.50	56.87	22.29	14.70	14.61

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	26	29	35	32	30	33	39	42	42	41	30	39	52
	21	24	30	28	26	27	34	35	36	35	26	35	49
Operating Profit	5	5	5	4	5	5	5	8	6	6	4	4	4
OPM %	17.95%	17.07%	13.76%	12.23%	15.94%	16.25%	13.53%	18.45%	14.79%	14.86%	12.76%	11.05%	6.98%
	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	1	1	1	1	1	1	1	3	2	2	2	2	2
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before Tax	3	3	3	2	3	4	3	4	4	4	1	1	4
Tax %	26.13%	25.15%	26.06%	29.68%	28.44%	25.85%	27.47%	29.17%	30.77%	25.98%	36.96%	26.42%	31.40%
Net Profit	2	3	2	2	2	3	2	3	3	3	1	1	3
	1.38	1.43	1.37	0.86	1.34	1.44	1.29	1.69	1.51	1.45	0.30	0.40	1.38

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	52	73	122	146	104	122	162
	47	63	105	130	93	104	144
Operating Profit	5	10	17	17	11	18	18
OPM %	8.96%	13.20%	13.93%	11.37%	10.89%	15.02%	11.02%
	0	0	0	1	1	0	0
Interest	0	1	1	2	2	3	8
Depreciation	0	0	1	1	1	3	4
Profit before Tax	4	9	15	14	9	12	9
Tax %	30.60%	27.10%	26.76%	26.08%	26.73%	26.43%	29.33%
Net Profit	3	6	11	11	6	9	7
EPS	3035.80	21.12	29.02	7.10	3.90	5.04	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	13.99%	9.91%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 19%
3 Years:: 0%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 24%
3 Years:: -6%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 6%
1 Year:: 71%

RETURN ON EQUITY

10 Years:: —
5 Years:: 48%
3 Years:: 22%
Last Year:: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0	3	4	4	18	18
	3	6	17	27	53	61
	5	12	19	32	25	33
Trade Payables	9	11	18	17	19	20
	1	1	2	6	4	5
Total Liabilities	18	33	60	85	118	137
	0	3	10	8	25	24
	0	0	0	0	0	2
	9	16	20	24	30	38
	0	0	0	0	0	41
Cash & Bank	0	1	1	2	2	0
	9	14	29	51	61	32
Total Assets	18	33	60	85	118	137

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-3	-0	6	2	-5	1
Cash from Investing	-0	-4	-8	2	-25	-3
Cash from Financing	5	7	7	0	32	0
	0	1	1	1	-1	-1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024

Shareholding Pattern

Numbers in percentages

	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Mar 2026	Jun 2026
	73.67	73.67	73.67	73.67	73.67	73.67	68.11	68.11	68.11
	1.21	1.02	0.01	0.01	0.01	0.01	0.01	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	1.60	1.59	1.59
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.12	25.32	26.33	26.33	26.33	26.33	30.28	30.30	30.30

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Copy of Newspaper Publication

2026-09-08 - QMS Medical Allied Services Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-07

General Updates

2026-09-07 - QMS Medical Allied Services Limited has informed the Exchange about General Updates under Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015

2026-09-07

Record Date

2026-09-07 - QMS Medical Allied Services Limited has informed the Exchange that Record date for the purpose of Dividend & Meeting is 23-Sep-2026.

2026-09-07

Updates

2026-09-07 - QMS Medical Allied Services Limited has informed the Exchange regarding 'Annual Report '.

2026-09-07

Shareholders meeting

2026-09-07 - QMS Medical Allied Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026

2026-09-03

Appointment

2026-09-03 - QMS Medical Allied Services Limited has informed the Exchange regarding Appointment of Pranav Manhar Badheka as Non- Executive Independent Director of the company w.e.f. September 03, 2026.

2026-09-03

Outcome of Board Meeting

2026-09-03 - QMS Medical Allied Services Limited has informed the Exchange regarding Outcome of Board Meeting held on September 03, 2026.

2026-08-27

Press Release

2026-08-27 - QMS Medical Allied Services Limited has informed the Exchange regarding a press release dated August 27, 2026, titled "QMS Medical Allied Services signs a five-year agreement with HEINE Optotechnik, a global primary diagnostic instruments player, for exclusive marketing and distribution rights in India.".

2026-08-21

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-21 - QMS Medical Allied Services Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for QMSMEDI

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QMS Medical Allied Services Ltd.

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Free 5nance Account

Name

ADANIENT

3100.00

56.37

419654.01

0.04

-1461.54

-249.67

32923.98

49.92

13.30

15.57

AEGISLOG

1306.60

36.65

45861.66

0.67

544.84

210.70

2356.86

37.07

19.76

30.28

CPPLUS

3828.15

94.89

45287.18

0.04

142.20

332.51

1402.42

89.51

29.48

14.52

PREMIERENE

970.00

26.45

44033.30

0.10

471.92

53.32

2462.59

35.25

33.72

29.03

REDINGTON

392.20

18.03

30661.19

1.53

453.49

94.65

34922.47

34.57

18.96

2.03

HONASA

475.10

62.24

15489.41

0.63

904.48

2088.70

7559.46

1169.96

20.87

14.58

LLOYDSENT

70.00

95.16

10685.86

0.21

109.98

-55.77

563.03

70.15

12.84

18.07

SGMART

767.50

77.80

9673.20

0.00

455.80

1310.71

13085.70

1044.08

10.43

4.49

MMTC

62.22

20.86

9333.00

0.00

104.24

135.52

0.68

-50.00

33.46

-1423.53

ENTERO

1796.30

62.34

7818.05

0.00

52.05

72.17

1940.50

38.23

10.93

5.00

EBGNG

676.35

54.14

7711.17

0.00

28.93

56.21

412.46

32.08

20.58

11.97

QMSMEDI

150.46

26.72

290.95

0.33

3.96

25.50

56.87

22.29

14.70

14.61

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

OPM %

17.95%

17.07%

13.76%

12.23%

15.94%

16.25%

13.53%

18.45%

14.79%

14.86%

12.76%

11.05%

6.98%

Interest

Depreciation

Profit before Tax

Tax %

26.13%

25.15%

26.06%

29.68%

28.44%

25.85%

27.47%

29.17%

30.77%

25.98%

36.96%

26.42%

31.40%

Net Profit

1.38

1.43

1.37

0.86

1.34

1.44

1.29

1.69

1.51

1.45

0.30

0.40

1.38

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

TTM

122

146

104

122

162

105

130

104

144

Operating Profit

OPM %

8.96%

13.20%

13.93%

11.37%

10.89%

15.02%

11.02%

Interest

Depreciation

Profit before Tax

Tax %

30.60%

27.10%

26.76%

26.08%

26.73%

26.43%

29.33%

Net Profit

EPS

3035.80

21.12

29.02

7.10

3.90

5.04

—

Dividend Payout %

0.00%

13.99%

9.91%

—

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Equity Capital

Trade Payables

Total Liabilities

118

137

Cash & Bank

Total Assets

118

137

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

-3

-0

-5

Cash from Investing

-0

-4

-8

-25

-3

Cash from Financing

-1

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2023

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Jun 2025

Sep 2025

Mar 2026

Jun 2026

73.67

68.11

1.21

1.02

0.01

0.00

1.60

1.59

Government

0.00

25.12

25.32

26.33

30.28

30.30

QMS Medical Allied Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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QMS Medical Allied Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI