Raaj Medisafe India Limited

About

Raaj Medisafe India Limited manufactures and sells disposable hygiene products, HDPE containers, PP closures and plastic liners for packaging of goods, and aluminum crown caps in India. The company operates through two segments, Plastic and Hygiene. It offers caps and plugs, plastic bottles, and aluminum caps. The company also offers sanitary pads, maternity pads, baby diapers and panty liners. In addition, it offers aluminium and VCI bags, plastic rolls; and food grade and DMF certified poly bags and sheets. The company was formerly known as Manoj Surgical Industries Limited. Raaj Medisafe India Limited was incorporated in 1985 and is based in Ujjain, India.

Key Metrics

as of Sep 2026

Market Cap158 Cr

P/E67.10

Div Yield0.00 %

Book Value₹28.50

52w High₹104.00

52w Low₹64.10

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	29.46	25.08	20.71	18.40	15.83	24.40	14.59	10.91	10.91	11.36	10.17	11.20	10.52
Expenses	25.40	22.37	17.02	15.65	13.21	21.29	12.37	9.18	9.18	9.04	8.65	9.63	9.31
Operating Profit	4.06	2.71	3.69	2.75	2.62	3.11	2.22	1.73	1.73	2.32	1.52	1.57	1.21
OPM %	13.78	10.81	17.82	14.95	16.55	12.75	15.22	15.86	15.86	20.42	14.95	14.02	11.50
Other Income	0.15	0.28	0.04	0.23	0.01	0.11	-0.01	0.00	0.00	0.04	0.00	0.01	0.01
Depreciation	0.71	0.63	0.50	0.43	0.49	0.44	0.40	0.23	0.23	0.23	0.21	0.20	0.20
Interest	0.86	1.08	1.38	0.82	0.68	0.68	0.52	0.36	0.36	0.47	0.37	0.33	0.39
Profit before tax	2.64	1.28	1.85	1.73	1.46	2.10	1.29	1.14	1.14	1.66	0.94	1.05	0.63
Tax %	25.00	353.12	-2.70	0.00	0.00	-65.24	19.38	15.79	15.79	57.83	0.00	0.00	0.00
Net Profit	1.97	-3.23	1.89	1.73	1.46	3.48	1.03	0.97	0.97	0.70	0.94	1.06	0.63
EPS in Rs	1.20	-1.97	1.44	1.32	1.11	2.63	0.78	0.73	0.73	0.64	0.86	0.97	0.58

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	79.97	62.42	43.24	38.61	34.68	31.80	21.80	4.80	4.62	4.42	1.80	0.00
Expenses	68.21	53.79	36.60	33.00	29.60	27.74	20.29	5.58	5.07	4.50	2.11	0.61
Operating Profit	11.76	8.63	6.64	5.61	5.08	4.06	1.51	-0.78	-0.45	-0.08	-0.31	-0.61
OPM %	14.71	13.83	15.36	14.53	14.65	12.77	6.93	-16.25	-9.74	-1.81	-17.22	—
Other Income	0.56	0.20	0.06	0.02	0.08	0.01	0.34	0.25	0.00	0.03	0.01	0.04
Interest	3.96	2.13	1.57	1.11	0.71	0.74	1.16	0.75	0.66	0.51	0.54	0.37
Depreciation	2.04	1.45	0.84	0.75	0.72	0.71	0.68	0.31	0.31	0.27	0.24	0.25
Profit before tax	6.32	5.25	4.29	3.77	3.73	2.62	0.01	-1.59	-1.42	-0.83	-1.08	-1.19
Tax %	71.52	-16.57	22.38	11.67	19.03	12.21	3,100.00	0.00	0.00	0.00	0.00	0.00
Net Profit	1.81	6.13	3.33	3.33	3.01	2.30	-0.29	-1.59	-1.43	-0.83	-1.08	-1.19
EPS in Rs	1.10	4.64	3.04	3.04	2.75	2.10	-0.58	-3.15	-2.84	-1.65	-2.14	-2.36
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	16.42	13.18	10.90	10.90	10.90	10.90	10.90	5.00	5.00	5.00	5.00	5.00
Reserves	30.32	13.74	-0.07	-3.41	-6.75	-9.83	-12.09	-12.91	-11.32	-9.88	-9.03	-7.96
Borrowings	64.67	34.57	25.93	15.62	13.02	13.13	11.87	11.61	9.43	9.03	7.61	7.10
Other Liabilities	9.94	7.49	4.52	2.66	2.45	2.41	2.91	1.42	2.07	1.62	1.66	0.25
Total Liabilities	121.35	68.98	41.28	25.77	19.62	16.61	13.59	5.12	5.18	5.77	5.24	4.39
Fixed Assets	39.04	23.68	10.72	8.63	9.30	7.26	7.03	3.48	3.47	3.49	3.57	3.30
CWIP	26.76	8.51	10.14	1.59	0.00	1.60	0.00	0.00	0.00	0.54	0.00	0.00
Investments	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.01	0.01	0.01	0.01	0.01
Other Assets	55.48	36.72	20.35	15.48	10.25	7.68	6.49	1.63	1.70	1.73	1.66	1.08
Total Assets	121.35	68.98	41.28	25.77	19.62	16.61	13.59	5.12	5.18	5.77	5.24	4.39

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	3.67	-0.09	4.27	0.17	2.45	2.23	-1.03	-1.37	-0.01	-0.23	0.14	-0.18
Cash from Investing Activity	-34.95	-16.42	-13.00	-1.67	-0.96	-2.78	-0.21	-0.05	0.27	-0.68	-0.51	-2.14
Cash from Financing Activity	44.23	16.52	8.74	1.49	-1.47	0.51	1.24	1.43	-0.26	0.92	-0.02	2.63
Net Cash Flow	12.95	0.02	0.02	-0.01	0.02	-0.04	0.00	0.00	0.00	0.01	-0.39	0.31
Free Cash Flow	-29.83	-13.01	-7.37	-1.56	1.31	-0.56	-1.25	-1.43	0.25	-0.91	-0.37	-2.31
CFO/OP %	31.00	10.00	74.00	14.00	48.00	55.00	-68.00	176.00	2.00	288.00	-45.00	30.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	53.63	97.65	66.60	64.76	57.25	56.24	78.69	62.35	60.83	35.51	115.58	—
Inventory Days	105.98	67.86	105.50	89.79	48.18	24.65	20.96	64.61	98.61	141.13	106.92	2,555.00
Days Payable	35.94	35.77	8.85	10.60	6.66	19.46	51.56	132.62	275.22	233.60	538.28	5,475.00
Cash Conversion Cycle	123.67	129.75	163.24	143.95	98.77	61.43	48.10	-5.66	-115.78	-56.96	-315.78	—
Working Capital Days	9.72	11.29	21.61	36.40	4.84	8.72	-7.53	-123.95	-141.42	-87.53	-56.78	—
ROCE %	11.89	15.02	19.58	24.23	27.99	27.09	16.41	-32.01	-20.94	-9.06	-13.99	-23.41

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	59.08	73.80	73.80	73.80	73.45	73.45	73.45	73.45	73.45	73.45	73.45	73.45
Public	40.92	26.19	26.20	26.20	26.55	26.55	26.56	26.55	26.56	26.56	26.54	26.56
No. of Shareholders	7,783	7,770	7,781	7,810	8,141	8,138	8,151	8,181	8,242	8,306	8,354	8,404

Corporate Actions

No corporate actions recorded.

Announcements

5 filings

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
31 Aug 2026 31 Aug - LOA from MP Public Health Services for 29,88,220 baby diapers worth Rs 17.02 crore, to supply within 18 months.
Intimation Of Book Closure - For The Purpose Of 41St AGM
29 Aug 2026 29 Aug - 41st AGM on 21 September 2026 via VC/OAVM; book closure 15-21 September 2026.
Notice Of AGM Sept 21, 2026 27 Aug
27 Aug 2026
Compliance - Regulation 36 (1) (B)
26 Aug 2026 26 Aug - 41st AGM on 21 September 2026; annual report FY2025-26 available online.
Reg. 34 (1) Annual Report. 26 Aug
26 Aug 2026