QMS Medical Allied Services Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹350 Cr
- P/E
- 32.58
- ROE
- 10.45%
- Price to sales
- 1.91
- Debt to equity
- 0.71
- 52W high / low
- ₹217 / ₹72.0
- EBITDA margin
- 15.23%
- Net profit margin
- 6.90%
- Promoter holding
- 68.11%
- Sales (last year)
- ₹183 Cr
Incorporated in 2017, QMS Medical Allied Services Ltd is a manufacturer and distributor of medical devices[1]
Guidance scorecard · Q1 FY27 call
What QMS Medical Allied Services Ltd's management guided
and where it ranks in Healthcare Equipment & Supplies
RevenueQ1 FY27 call
20–40%- QMS expects continued growth in patient support programs (PSP) contributing INR90-105 crores revenue in FY27, driven by expanded contracts and new initiatives.
- Product business growth is supported by Q Devices, targeting 20-25% of total product revenue within 3 years, with 17+ products currently launched and more in the pipeline.
- Service revenue, including PSP and camps, is increasing with a higher contribution to margins due to strategic focus.
- B2B health camps increased 40% YoY, supporting early diagnosis and awareness, expected to continue scaling.
- The company aims to maintain around INR220 crores top-line guidance for FY27, with potential upward revision post Q2/Q3.
2 more points from QMS Medical Allied Services Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what QMS Medical Allied Services Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
- Emphasis is placed on scaling the service business, particularly patient service programs (PSPs), expanding the product business led by Q-Devices and Point of Care Solutions.
- The company plans to grow Q-Devices product offerings from 17 products currently, targeting 20-25% of total product revenue from Q-Devices within 3 years, implying investment in product development and technology.
- Focus on leveraging technology across the healthcare ecosystem for scalable, measurable, and data-driven service delivery suggests strategic investment in technology platforms.
- Hiring plans are aligned with contractual wins, indicating careful operational investment rather than large upfront capex.
FundraisingQ1 FY27 call
See what QMS Medical Allied Services Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- PSPs typically operate on annual contracts with renewals toward year-end; hence, a specific "order book" is not defined in the traditional sense.
- PSP contracts are cost-plus with markup; employee and admin costs are passed to clients, so hiring aligns with contract commitments.
- Current PSP revenue run rate suggests strong growth, with INR17 crores in Q1 FY27 and an expected INR90-105 crores for the full year.
- Contract renewals historically exhibit a 60-70% roll-over rate annually, ensuring revenue visibility from existing clients.
2 more points from QMS Medical Allied Services Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Healthcare Equipment & Supplies
on management's own guidance
- Strong growth2
- Strong growth1
- Q-Line BiotechGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Healthcare Equipment & Supplies companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹627 Cr | 21.4 | |
| 2 | 40%+ | Flat | ₹147 Cr | 16.8 | |
| 3 | Q-Line Biotech | 20–40% | Up 2%+ | ₹1,467 Cr | 25.9 |
| 4 | 20–40% | Flat | ₹18,144 Cr | 83.6 | |
| 5 | 20–40% | Flat | ₹173 Cr | 35.0 | |
| 6 | 10–20% | Up 2%+ | ₹170 Cr | 18.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Healthcare Equipment & Supplies rankingFinancials of QMS Medical Allied Services Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of QMS Medical Allied Services Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 35.24 | 32.29 | 37.20 | 43.87 | 44.58 | 46.50 | 44.70 | 37.26 |
| Expenses + | 30.40 | 28.34 | 29.96 | 36.93 | 38.21 | 40.06 | 37.78 | 30.51 |
| Operating Profit | 4.84 | 3.95 | 7.24 | 6.94 | 6.37 | 6.44 | 6.92 | 6.75 |
| OPM % | 13.73% | 12.23% | 19.46% | 15.82% | 14.29% | 13.85% | 15.48% | 18.12% |
| Other Income + | 0.15 | 0.11 | 0.33 | 0.19 | 1.09 | 0.32 | 0.22 | 0.30 |
| Interest | 0.81 | 0.99 | 1.07 | 1.31 | 1.41 | 1.42 | 1.36 | 1.75 |
| Depreciation | 0.88 | 0.88 | 0.84 | 0.86 | 1.36 | 0.86 | 0.94 | 1.02 |
| Profit before tax | 3.30 | 2.19 | 5.66 | 4.96 | 4.69 | 4.48 | 4.84 | 4.28 |
| Tax % | 25.76% | 29.68% | 25.27% | 30.24% | 23.24% | 29.69% | 26.24% | 25.70% |
| Net Profit + | 2.44 | 1.54 | 4.23 | 3.47 | 3.60 | 3.15 | 3.58 | 3.17 |
| EPS in Rs | 1.26 | 0.80 | 1.78 | 1.51 | 1.73 | 1.52 | 1.61 | 1.24 |
Financials of QMS Medical Allied Services Ltd
Profit & Loss
Annual income statement trend
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| Sales + | 122 | 156 | 173 |
| Expenses + | 104 | 130 | 147 |
| Operating Profit | 18 | 25 | 26 |
| OPM % | 15% | 16% | 15% |
| Other Income + | 0 | 2 | 2 |
| Interest | 3 | 5 | 6 |
| Depreciation | 3 | 4 | 4 |
| Profit before tax | 12 | 19 | 18 |
| Tax % | 26% | 27% | |
| Net Profit + | 9 | 14 | 14 |
| EPS in Rs | 4.66 | 6.26 | 6.10 |
| Dividend Payout % | 0% | 0% |
Financials of QMS Medical Allied Services Ltd
Balance Sheet
Capital structure and asset base
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 18 | 18 | 19 |
| Reserves | 61 | 72 | 86 |
| Borrowings + | 35 | 60 | 58 |
| Other Liabilities + | 22 | 40 | 47 |
| Total Liabilities | 135 | 190 | 210 |
| Fixed Assets + | 24 | 53 | 55 |
| CWIP | 2 | 3 | 0 |
| Investments | 2 | 3 | 1 |
| Other Assets + | 108 | 131 | 154 |
| Total Assets | 135 | 190 | 210 |
Financials of QMS Medical Allied Services Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Cash from Operating Activity + | 1 | 20 |
| Cash from Investing Activity + | -3 | -45 |
| Cash from Financing Activity + | 0 | 26 |
| Net Cash Flow | -1 | 1 |
| Free Cash Flow | 1 | 20 |
| CFO/OP | 26% | 101% |
Financials of QMS Medical Allied Services Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 124 | 101 |
| Inventory Days | 172 | 176 |
| Days Payable | 90 | 76 |
| Cash Conversion Cycle | 205 | 202 |
| Working Capital Days | 148 | 100 |
| ROCE % | 17% |
Guidance history
How QMS Medical Allied Services Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | — | — | — |
| Q4 FY26 call → | 20–40% | Up 0–2% | Planned | — | Rising |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q1 FY26 call → | 20–40% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What QMS Medical Allied Services Ltd's management said in earlier quarters
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