QMS Medical Allied Services Q1 FY27 Share Price & Earnings Call Analysis

₹181.17+2.25% today
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

Create a free account to keep reading this call

Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what QMS Medical Allied Services Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

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.
Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what QMS Medical Allied Services Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

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

Create a free account to keep reading this call

Full Q1 FY27 analysis

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

  1. Strong growth
    2
  2. Strong growth
    1
  3. Q-Line BiotechGood growth
    3

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Healthcare Equipment & Supplies companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹627 Cr21.4
240%+Flat₹147 Cr16.8
3Q-Line Biotech20–40%Up 2%+₹1,467 Cr25.9
420–40%Flat₹18,144 Cr83.6
520–40%Flat₹173 Cr35.0
610–20%Up 2%+₹170 Cr18.8

Sign up free to see every company in the sector ranking and track QMS Medical Allied Services Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Healthcare Equipment & Supplies ranking

Financials 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 2023Mar 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +35.2432.2937.2043.8744.5846.5044.7037.26
Expenses +30.4028.3429.9636.9338.2140.0637.7830.51
Operating Profit4.843.957.246.946.376.446.926.75
OPM %13.73%12.23%19.46%15.82%14.29%13.85%15.48%18.12%
Other Income +0.150.110.330.191.090.320.220.30
Interest0.810.991.071.311.411.421.361.75
Depreciation0.880.880.840.861.360.860.941.02
Profit before tax3.302.195.664.964.694.484.844.28
Tax %25.76%29.68%25.27%30.24%23.24%29.69%26.24%25.70%
Net Profit +2.441.544.233.473.603.153.583.17
EPS in Rs1.260.801.781.511.731.521.611.24

Financials of QMS Medical Allied Services Ltd

Profit & Loss

Annual income statement trend

Mar 2024Mar 2025TTM
Sales +122156173
Expenses +104130147
Operating Profit182526
OPM %15%16%15%
Other Income +022
Interest356
Depreciation344
Profit before tax121918
Tax %26%27%
Net Profit +91414
EPS in Rs4.666.266.10
Dividend Payout %0%0%

Financials of QMS Medical Allied Services Ltd

Balance Sheet

Capital structure and asset base

Mar 2024Mar 2025Sep 2025
Equity Capital181819
Reserves617286
Borrowings +356058
Other Liabilities +224047
Total Liabilities135190210
Fixed Assets +245355
CWIP230
Investments231
Other Assets +108131154
Total Assets135190210

Financials of QMS Medical Allied Services Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2024Mar 2025
Cash from Operating Activity +120
Cash from Investing Activity +-3-45
Cash from Financing Activity +026
Net Cash Flow-11
Free Cash Flow120
CFO/OP26%101%

Financials of QMS Medical Allied Services Ltd

Ratios

Working capital efficiency and return ratios

Mar 2024Mar 2025
Debtor Days124101
Inventory Days172176
Days Payable9076
Cash Conversion Cycle205202
Working Capital Days148100
ROCE %17%

Guidance history

How QMS Medical Allied Services Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%Flat———
Q4 FY26 call →20–40%Up 0–2%Planned—Rising
Q2 FY26 call →20–40%FlatPlanned——
Q1 FY26 call →20–40%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

Others in Healthcare Equipment & Supplies this season

  • Galaxy Medicare (Q2 FY27)

    Revenue from Operations (₹ Mn): . Key investor presentation takeaways from Galaxy Medicare's Q2 FY27 investor presentation — and how it ranks against sector pee

  • Nureca Ltd (Q2 FY27)

    Year-on-year growth in revenue from operations: approximately 55% increase (585.99 vs 378.41 million standalone) . Key results statement takeaways from Nureca's

  • Aprameya Engineering Ltd (Q2 FY26)

    H1FY26 Revenue from Operations: Rs 421.4 Mn, up 343% YoY from Rs 92.7 Mn in H1FY25. Key investor presentation takeaways from Aprameya Engineering Ltd's Q2 FY26

  • Nureca Ltd (Q2 FY26)

    Q2 FY26 Revenue from Operations: INR 528 million, a 7% year-on-year (YoY) growth from INR 493 million in Q2 FY25. Key investor presentation takeaways from Nurec