THEMISMEDHealthcare

Themis Medicare Limited

Pharmaceuticals · ISIN INE083B01024 · BSE 530199 · NSE EQ · FV ₹1
Last price
₹120
+0.08%today
What this company does

Themis Medicare Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹87 cr of revenue in its latest quarter (Q1 FY27) and kept 28.3% of sales as profit.

In the report:
56out of 100
Equitytale Health Score
Mixed

Healthier than 56% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 33–150 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns91

How much profit it earns on the money it employs

Balance sheet50

How much it owes, and whether earnings cover the interest

Cash quality13

Whether reported profit actually arrives as cash

Growth & consistency24

Whether sales and profit have grown, and how steadily

Valuation86

What today's price implies, against our models or its peers

Governance & risk47

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 28% net margin
Promoters hold 67%
Strong 25% return on equity
Watch-outs
! Sales down 11% vs last year
! 43.4% of promoter stake pledged
! Operating cash flow is negative

What if I invest in THEMISMED?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹120 +0.08%
latest close · 2026-09-17
52-wk low ₹10142 sessions so far52-wk high ₹141
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.2Low
LowAverageHigh
P/B ratio2.77Moderate
Below bookModerateHigh
EV / EBITDA7.2Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity24.7%Strong
WeakFairStrong ▸15%
Return on capital36.1%Strong
WeakFairStrong
Net margin28.3%Strong
ThinDecentStrong
EBITDA margin47.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.25Comfortable
LowModerateHigh ▸1
Interest cover13.1×Strong
RiskyOkayStrong ▸5×
Current ratio1.84Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,104 cr
Book value
₹43
EPS
₹2.67
latest quarter
Net debt
₹96 cr
owes more than its cash
Enterprise value
₹1,199 cr
EBITDA
₹166 cr
annualised
EBIT
₹156 cr
annualised
Operating margin
44.8%
Return on assets
16.5%
Earnings yield
8.91%
P/S
3.17
Sales / share
₹37.8
Tax rate
38.8%
Face value
₹1
Shares
9.2 cr
Working capital
₹139 cr
Current assets
₹305 cr
Current liabilities
₹166 cr
Delivery %
44.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹24₹61, midpoint ₹28

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹87 cr
Other Income₹99.4 L
Total Income₹88 cr
Cost of Materials₹18 cr
Purchases of Stock-in-Trade₹50 cr
Inventory Change (±)₹-9 cr
Employee Benefit Expense₹22 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹59 cr
Total Expenses₹145 cr
Exceptional Items₹93 cr
Profit before Tax₹36 cr
Tax Expense₹14 cr
Share of JV / Associates₹3 cr
Net Profit₹25 cr
Net margin on total income28.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹58 cr31.6%
Employee benefit expense₹22 cr12.1%
Finance costs₹3 cr1.6%
Depreciation & amortisation₹3 cr1.4%
Other expenses₹59 cr32.3%
Tax expense₹14 cr7.6%
Profit for the period₹25 cr13.4%
Total income ₹88 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue90 cr77 cr87 cr
Total income91 cr80 cr88 cr
Expenses86 cr78 cr145 cr
Profit before tax5 cr2 cr36 cr
Tax29.4 L17 L14 cr
Net profit (owners' share)10 cr9 cr25 cr
Net margin (owners' share, on revenue)11.2%11.6%28.3%
EPS (₹)1.100.962.67
YoY (latest quarter): total income -10.9% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹598 cr
Shareholder equity
₹399 cr
parent shareholders
Total debt
₹100 cr
Cash
₹5 cr
Cash flow · H1 FY26
Operating
₹-1 cr
Investing
₹-68.2 L
Financing
₹4 cr
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,867₹4.48 L cr38.6
Divi's Laboratories Limited₹9,323₹2.47 L cr68.7
Torrent Pharmaceuticals Limited₹4,875₹1.65 L cr82.0
Zydus Lifesciences Limited₹1,135₹1.13 L cr30.4
Cipla Limited₹1,376₹1.11 L cr35.2
Laurus Labs Limited₹1,948₹1.05 L cr71.5
Dr. Reddy's Laboratories Limited₹1,175₹98,113 cr55.1
Aurobindo Pharma Limited₹1,690₹97,243 cr23.7
Lupin Limited₹2,098₹95,936 cr16.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.5
ex 4 Sep 2025
ActionDetailEx-date
Dividend₹0.5 / share4 Sep 2025
Dividend₹0.5 / share12 Jul 2024
Stock splitStock Split From Rs.10/- to Rs.1/-10 Oct 2023
Dividend₹5 / share1 Sep 2023
Dividend₹5 / share8 Sep 2022
Dividend₹4.3 / share8 Sep 2021
Who owns it · 2026-06-30
43.4% pledged
Promoter
67.1%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
32.9%
Smart-money activity
Insider trades
SoldPrakash Naringrekar · Other200 · ₹2.7 L30 Dec 22
SoldPrakash Naringrekar · Other100 · ₹1.4 L30 Dec 22
SoldPrakash Naringrekar · Other33 · ₹44,03329 Dec 22
Bulk / block deals
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE6.86 L @ ₹141.619 Oct 25
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE6.86 L @ ₹141.729 Oct 25
SoldGRAVITON RESEARCH CAPITAL LLP · NSE6.59 L @ ₹141.639 Oct 25
Stake changes
BoughtCTL Trusteeship Limited→ 30.75% · 30.00 L31 Jul 26
BoughtCTL Trusteeship Limited→ 27.49% · 2.53 cr29 Jun 26
BoughtVividhmargi Investments Private Limited · promoter→ 26.52% · 99.01 L24 Mar 26
Promoter pledges
PledgedCTL Trusteeship Limited30.00 L · 0.00% held30 Jul 26
ReleasedBajaj Finance Limited0 · 1.63% held8 Jul 26
PledgedCTL Trusteeship Ltd2.53 cr · 0.00% held29 Jun 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 27 Mar 2026
See the official result
1
APPROVAL OF MATERIAL RELATED PARTY TRANSACTIONS WITH THEMIS DISTRIBUTORS PRIVATE LIMITED OR WITH VIVIDHMARGI INVESTMENTS PRIVATE LIMITED (VMIPL), TRANSFEREE COMPANY, POST MERGER
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
46.92 L votes for, 3,471 against · 3% of mutual funds and other big investors said no
2
2 - APPROVAL OF MATERIAL RELATED PARTY TRANSACTIONS WITH GUJARAT THEMIS BIOSYN LIMITED (GTBL).
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
46.95 L votes for, 101 against · 0% of mutual funds and other big investors said no
3
APPROVAL OF MATERIAL RELATED PARTY TRANSACTIONS WITH DR. SACHIN D. PATEL UP TO RS. 130 CRORES IN RESPECT OF PROMOTERS INTER-SE TRANSFER OF EQUITY SHARES OF GUJARAT THEMIS BIOSYN LIMITED (GTBL) HELD BY THEMIS MEDICARE LIMITED (TML).
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
46.90 L votes for, 5,821 against · 3% of mutual funds and other big investors said no
4
APPROVAL OF ISSUANCE OF CONVERTIBLE WARRANTS TO VIVIDHMARGI INVESTMENTS PRIVATE LIMITED, PROMOTER GROUP COMPANY ON PREFERENTIAL BASIS
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 75%
46.71 L votes for, 24,771 against · 3% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 15 named members
owning 67.1% between them · as of 2026-06-30
Dinesh Shantilal Patel, Jayshree Dinesh Patel, Sachin Dinesh Patel (Trustees of Vividhmargi Trust)27.49%
Vividhmargi Investments Private Limited26.52%
Gedeon Richter Investment Management Ltd.9.60%
Anay Rupen Choksi1.28%
Nysha Rupen Choksi1.28%
Shantilal Dahyabhai Patel HUF0.61%
Dinesh Shantilal Patel0.33%
Dinesh Patel HUFno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.