Fischer Medical Ventures Ltd.

•

₹ 38.14-2.08%

2026-08-21

fischermv.comBSE: 524743NSE: FISCHER

Market Cap₹ 2,716 Cr.

Current Price₹ 39

High / Low₹ 125 / 31

Stock P/E91.1

Book Value₹ 7

Price to Book18.64

Dividend Yield0.00 %

ROCE1.1 %

ROE0.6 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

PROS

Working capital cycle has improved - days down from 1158 to 869
Company maintains a comfortable, low leverage position

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (67.1% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -31.27x)
Promoter holding has decreased over last 2 years: -12.8pp
Company has a low return on equity of 1.7% over last 3 years
Company has a low return on capital employed of 3.8%

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

Peer comparison

EDIT COLUMNS

Oil Gas & Consumable FuelsTradingTrading

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ADANIENT	2979.00	54.17	403273.96	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	AEGISLOG	1363.65	38.25	47864.12	0.64	544.84	210.70	2356.86	37.07	19.76	30.28
3.	PREMIERENE	1008.00	27.48	45758.31	0.10	4719.18	1433.23	24625.94	1252.52	41.97	29.03
4.	CPPLUS	3307.45	81.98	39127.28	0.05	142.20	332.51	1402.42	89.51	29.48	14.52
5.	REDINGTON	334.90	15.39	26181.63	1.79	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	476.90	62.48	15548.09	0.63	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	78.59	106.84	11997.17	0.19	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	805.80	81.69	10155.92	0.00	455.80	1310.71	13085.70	1044.08	11.45	4.49
9.	MMTC	62.10	20.82	9315.00	0.00	104.24	135.52	0.68	-50.00	6.90	-1423.53
10.	CELLO	358.45	25.31	7917.62	0.42	73.40	-8.99	526.72	-0.43	17.15	18.80
11.	EBGNG	588.80	47.13	6713.00	0.00	28.93	56.21	412.46	32.08	20.14	11.97
12.	FISCHER	38.88	91.08	2716.49	0.00	3.79	-24.30	81.92	249.34	1.13	13.73

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	21	10	40	12	49	23	86	101	98	82
	18	10	39	11	47	19	70	80	97	76
Operating Profit	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—
Other Income	0	1	0	0	0	7	2	1	1	1
Interest	0	0	0	0	0	1	1	1	4	4
Depreciation	0	0	0	1	1	1	1	1	1	1
	3	0	0	0	2	10	17	21	-2	8
Tax %	6.18%	237.50%	-21.05%	168.00%	26.04%	50.84%	19.48%	9.18%	-216.00%	51.60%
Net Profit	0	-0	0	-3	1	5	14	19	-7	4
	1	-0	0	-0	0	0	2	0	-0	0
Equity Capital	54	54	54	54	64	65	65	65	65	65
Reserves	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	54	54	54	54	64	65	65	65	65	65
Reserves	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Mar 2024

: 21
: 18
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 3
Tax %: 6.18%
Net Profit: 0
: 1
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 10
: 10
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 0
: 0
Tax %: 237.50%
Net Profit: -0
: -0
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 40
: 39
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: -21.05%
Net Profit: 0
: 0
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 12
: 11
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: 0
Tax %: 168.00%
Net Profit: -3
: -0
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 49
: 47
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: 2
Tax %: 26.04%
Net Profit: 1
: 0
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 64
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 23
: 19
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 1
Depreciation: 1
: 10
Tax %: 50.84%
Net Profit: 5
: 0
Equity Capital: 65
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 65
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 86
: 70
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 1
: 17
Tax %: 19.48%
Net Profit: 14
: 2
Equity Capital: 65
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 65
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 101
: 80
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: 21
Tax %: 9.18%
Net Profit: 19
: 0
Equity Capital: 65
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 65
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 98
: 97
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 1
: -2
Tax %: -216.00%
Net Profit: -7
: -0
Equity Capital: 65
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 65
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 82
: 76
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 1
: 8
Tax %: 51.60%
Net Profit: 4
: 0
Equity Capital: 65
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 65
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	TTM
	0	21	111	367
	0	19	107	322
Operating Profit	0	2	5	—
OPM %	8	11	4	—
Other Income	0	1	1	6
Interest	0	0	0	9
Depreciation	0	0	2	4
	-0	2	2	44
Tax %	-2,708	13	46	32
Net Profit	-0	2	1	30
EPS	-2	0	0	—
Dividend Payout %	0	0	22	—
Minority Interest	0	-0	0	0
Share of Associates	0	0	0	-0
Adjusted EPS	-0	0	0	—
Minority Interest	0	-0	0	0
Share of Associates	0	0	0	-0
Adjusted EPS	-0	0	0	—

Mar 2023

: 0
: 0
Operating Profit: 0
OPM %: 8
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -2,708
Net Profit: -0
EPS: -2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2024

: 21
: 19
Operating Profit: 2
OPM %: 11
Other Income: 1
Interest: 0
Depreciation: 0
: 2
Tax %: 13
Net Profit: 2
EPS: 0
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0

Mar 2025

: 111
: 107
Operating Profit: 5
OPM %: 4
Other Income: 1
Interest: 0
Depreciation: 2
: 2
Tax %: 46
Net Profit: 1
EPS: 0
Dividend Payout %: 22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

TTM

: 367
: 322
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 9
Depreciation: 4
: 44
Tax %: 32
Net Profit: 30
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: -0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: -0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -62%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 2%
Last Year:: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-
Equity Capital	0	54	64
	-0	27	244
	0	0	60
Trade Payables	0	2	21
	0	4	69
Total Liabilities	0	86	457
ASSETS	-	-	-
	0	15	24
Capital Work in Progress	0	0	1
	0	1	11
	0	4	9
	0	23	76
Cash & Bank	0	38	251
	0	5	85
Total Assets	0	86	457
Total Debt	1	0	60
Net Working Capital	0	67	263
Contingent Liabilities	0	0	0
Book Value per Share	-15.47	15.00	48.17
Face Value	10.00	10.00	10.00
Total Debt	1	0	60
Net Working Capital	0	67	263
Contingent Liabilities	0	0	0
Book Value per Share	-15.47	15.00	48.17
Face Value	10.00	10.00	10.00

Mar 2023

Equity Capital: 0
: -0
: 0
Trade Payables: 0
: 0
Total Liabilities: 0
: 0
Capital Work in Progress: 0
: 0
: 0
: 0
Cash & Bank: 0
: 0
Total Assets: 0
Total Debt: 1
Net Working Capital: 0
Contingent Liabilities: 0
Book Value per Share: -15.47
Face Value: 10.00
Total Debt: 1
Net Working Capital: 0
Contingent Liabilities: 0
Book Value per Share: -15.47
Face Value: 10.00

Mar 2024

Equity Capital: 54
: 27
: 0
Trade Payables: 2
: 4
Total Liabilities: 86
: 15
Capital Work in Progress: 0
: 1
: 4
: 23
Cash & Bank: 38
: 5
Total Assets: 86
Total Debt: 0
Net Working Capital: 67
Contingent Liabilities: 0
Book Value per Share: 15.00
Face Value: 10.00
Total Debt: 0
Net Working Capital: 67
Contingent Liabilities: 0
Book Value per Share: 15.00
Face Value: 10.00

Mar 2025

Equity Capital: 64
: 244
: 60
Trade Payables: 21
: 69
Total Liabilities: 457
: 24
Capital Work in Progress: 1
: 11
: 9
: 76
Cash & Bank: 251
: 85
Total Assets: 457
Total Debt: 60
Net Working Capital: 263
Contingent Liabilities: 0
Book Value per Share: 48.17
Face Value: 10.00
Total Debt: 60
Net Working Capital: 263
Contingent Liabilities: 0
Book Value per Share: 48.17
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
	0	-7	-87
Cash from Investing	0	-31	-125
Cash from Financing	0	37	315
	0	-2	103
Free Cash Flow	0	-23	-99
OCF / Net Profit	-0.00	-4.00	-71.81
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	-0.00	-4.00	-71.81
Cumulative 5-Year FCF	0	0	0

Mar 2023

: 0
Cash from Investing: 0
Cash from Financing: 0
: 0
Free Cash Flow: 0
OCF / Net Profit: -0.00
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.00
Cumulative 5-Year FCF: 0

Mar 2024

: -7
Cash from Investing: -31
Cash from Financing: 37
: -2
Free Cash Flow: -23
OCF / Net Profit: -4.00
Cumulative 5-Year FCF: 0
OCF / Net Profit: -4.00
Cumulative 5-Year FCF: 0

Mar 2025

: -87
Cash from Investing: -125
Cash from Financing: 315
: 103
Free Cash Flow: -99
OCF / Net Profit: -71.81
Cumulative 5-Year FCF: 0
OCF / Net Profit: -71.81
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-
EPS (₹)	-2.12	0.26	0.23
Book Value (₹)	-15.47	15.00	48.17
Dividend per Share (₹)	0.00	0.00	0.05
Cash EPS (₹)	-0.21	0.04	0.04
PROFITABILITY	-	-	-
Operating Margin %	8.47%	8.86%	3.02%
Net Margin %	-20.33%	8.76%	1.09%
ROE %	0.00%	4.60%	0.62%
ROCE %	4.97%	5.35%	1.13%
	-14.72%	4.25%	0.44%
EFFICIENCY	-	-	-
Debtor Days	347	200	163
Inventory Days	0	78	22
Payable Days	0	24	45
	347	254	140
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	-2.15x	0.00x	0.20x
Interest Coverage (x)	0.92x	32.23x	5.50x
	5.18x	18.37x	3.59x
GROWTH	-	-	-
Revenue Growth %	0.00%	0.00%	427.61%
Operating Profit Growth %	0.00%	0.00%	104.82%
Net Profit Growth %	0.00%	5135.34%	-34.28%
	0.00%	112.14%	-9.86%
VALUATION	-	-	-
P/E (x)	0.00x	242.49x	386.61x
P/B (x)	0.00x	41.65x	18.64x
Dividend Yield %	0.00%	0.00%	0.01%
	0.00x	1399.44x	1144.95x

Mar 2023

EPS (₹): -2.12
Book Value (₹): -15.47
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.21
Operating Margin %: 8.47%
Net Margin %: -20.33%
ROE %: 0.00%
ROCE %: 4.97%
: -14.72%
Debtor Days: 347
Inventory Days: 0
Payable Days: 0
: 347
Debt to Equity (x): -2.15x
Interest Coverage (x): 0.92x
: 5.18x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 0.26
Book Value (₹): 15.00
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.04
Operating Margin %: 8.86%
Net Margin %: 8.76%
ROE %: 4.60%
ROCE %: 5.35%
: 4.25%
Debtor Days: 200
Inventory Days: 78
Payable Days: 24
: 254
Debt to Equity (x): 0.00x
Interest Coverage (x): 32.23x
: 18.37x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 5135.34%
: 112.14%
P/E (x): 242.49x
P/B (x): 41.65x
Dividend Yield %: 0.00%
: 1399.44x

Mar 2025

EPS (₹): 0.23
Book Value (₹): 48.17
Dividend per Share (₹): 0.05
Cash EPS (₹): 0.04
Operating Margin %: 3.02%
Net Margin %: 1.09%
ROE %: 0.62%
ROCE %: 1.13%
: 0.44%
Debtor Days: 163
Inventory Days: 22
Payable Days: 45
: 140
Debt to Equity (x): 0.20x
Interest Coverage (x): 5.50x
: 3.59x
Revenue Growth %: 427.61%
Operating Profit Growth %: 104.82%
Net Profit Growth %: -34.28%
: -9.86%
P/E (x): 386.61x
P/B (x): 18.64x
Dividend Yield %: 0.01%
: 1144.95x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.91	74.91	74.91	62.81	61.80	61.80	61.80	62.15	62.15
	5.07	5.07	5.07	5.23	5.55	5.57	4.85	4.97	5.48
	1.68	1.68	1.68	1.44	1.42	1.42	1.36	1.38	1.35
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	18.33	18.33	18.33	30.51	31.23	31.21	31.99	31.50	31.02

Jun 2024

: 74.91
: 5.07
: 1.68
Government: 0.00
: 18.33

Sep 2024

: 74.91
: 5.07
: 1.68
Government: 0.00
: 18.33

Dec 2024

: 74.91
: 5.07
: 1.68
Government: 0.00
: 18.33

Mar 2025

: 62.81
: 5.23
: 1.44
Government: 0.00
: 30.51

Jun 2025

: 61.80
: 5.55
: 1.42
Government: 0.00
: 31.23

Sep 2025

: 61.80
: 5.57
: 1.42
Government: 0.00
: 31.21

Dec 2025

: 61.80
: 4.85
: 1.36
Government: 0.00
: 31.99

Mar 2026

: 62.15
: 4.97
: 1.38
Government: 0.00
: 31.50

Jun 2026

: 62.15
: 5.48
: 1.35
Government: 0.00
: 31.02

Documents

Announcements

General Updates
2026-08-17 - Fischer Medical Ventures Limited has informed the Exchange on the allotment of Equity shares pursuant to conversion of warrants
Resignation of Director/KMP/SMP
2026-08-15 - Fischer Medical Ventures Limited has informed the Exchange about Resignation of Director/KMP/SMP

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Nov 2025
Transcript PPTREC
Dec 2024
TranscriptPPTREC