Raaj Medisafe India Ltd

RAAJMEDI

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Market Cap

₹ 89 Cr

P/E

11.59

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Investment Checklist

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

HIGH RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Raaj Medisafe India Limited, initially known as Manoj Surgical Industries Limited, focuses on manufacturing medical disposable devices, including plastic bottles, caps, plugs, liners, and aluminum caps.

The company's modern manufacturing facility is located in Pithampur, conforming to cGMP requirements, showcasing its commitment to high-quality standards.

In 2020, the company underwent a major transformation by merging with Padma Polytex India Private Limited, issuing new shares to its shareholders.

This amalgamation reflects strategic growth, positioning Raaj Medisafe to expand its reach and capabilities in the medical disposable market.

The company's proactive approach to mergers signifies its intent to strengthen its market position and optimize resource utilization.

Sector

Packaging

Industry

Packaging - Plastic Containers

Market Cap

89 Cr

Volatility

Low Risk

P/E Ratio

11.6

Industry P/E

20.2

PEG Ratio

0.4

P/B Ratio

3.1

52W High

102.35

52W Low

63.56

Sales CAGR

44.32%

21.62%

23.42%

10Y

48.32%

Profit CAGR

84.08%

26.72%

—

10Y

—

ROE

TTM

26.43%

28.27%

35.87%

10Y

49.29%

ROCE

TTM

11.41%

22.31%

25.57%

10Y

20.82%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
TPLPLASTEH	67.80	518 Cr	19.87	3.40	1.51	17.14	22.26	10.44
HITECHCORP	172.50	289 Cr	23.78	1.04	0.60	4.36	8.24	2.36
GLEN	76.50	182 Cr	10.10	1.50	0.00	13.08	13.57	6.60
RPPL	16.82	125 Cr	11.03	0.73	0.00	6.62	9.06	3.36
IDEALTECHO	202.00	101 Cr	35.07	4.26	0.00	14.19	11.82	6.52
RAAJMEDI	67.45	89 Cr	11.59	3.06	0.00	26.43	11.41	8.64
VINAYAKPOL	33.99	10 Cr	43.03	2.05	0.00	4.79	6.52	2.51

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	11	11	10	11	11	13	15	24	16	18
Expenses	9.30	9.62	8.65	9.04	9.17	11	12	21	13	16
Operating Profit	1.22	1.58	1.52	2.32	1.74	1.57	2.21	3.11	2.63	2.74
OPM %	11.60	14.11	14.95	20.42	15.95	12.54	15.15	12.75	16.61	14.89
Other Income	0.01	0.01	0.00	0.04	0.00	0.09	-0.01	0.11	0.01	0.23
Interest	0.39	0.33	0.37	0.47	0.36	0.57	0.52	0.68	0.68	0.82
Depreciation	0.20	0.20	0.21	0.23	0.23	0.38	0.40	0.44	0.49	0.43
Profit Before Tax	0.63	1.06	0.94	1.66	1.15	0.72	1.28	2.11	1.46	1.73
Tax %	0.00	0.00	0.00	57.83	14.78	9.72	20.31	-65.40	0.00	0.00
Net Profit	0.63	1.06	0.94	0.70	0.97	0.65	1.03	3.48	1.46	1.73
EPS in Rs	0.48	0.81	0.73	0.55	0.62	0.49	0.76	2.62	1.12	1.32

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	4.42	4.62	4.80	22	32	35	39	43	62	67
Expenses	4.51	5.08	5.59	20	28	30	33	37	54	58
Operating Profit	-0.09	-0.46	-0.79	1.51	4.07	5.09	5.61	6.63	8.63	9.52
OPM %	-2.04	-9.93	-16.43	6.92	12.78	14.66	14.53	15.33	13.83	14.14
Other Income	0.05	0.01	0.25	0.34	0.01	0.08	0.02	0.06	0.20	0.20
Interest	0.51	0.66	0.75	1.16	0.74	0.71	1.11	1.57	2.13	2.45
Depreciation	0.27	0.31	0.31	0.68	0.71	0.72	0.75	0.84	1.45	1.71
Profit Before Tax	-0.83	-1.43	-1.59	0.02	2.62	3.73	3.77	4.29	5.25	5.57
Tax %	0.00	0.00	0.00	1,815.96	12.19	19.17	11.72	22.39	-16.68	-18.85
Net Profit	-0.83	-1.43	-1.59	-0.29	2.30	3.01	3.33	3.33	6.13	6.62
EPS in Rs	-0.63	-1.08	-1.21	-1.13	0.99	4.33	2.55	2.57	4.49	5.82
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5.00	5.00	5.00	5.00	11	11	11	11	11	13
Reserves	-9.03	-9.88	-11	-13	-12	-9.83	-6.75	-3.41	-0.07	14
Borrowings	7.61	9.04	9.43	12	12	13	13	16	26	35
Other Liabilities	1.66	1.61	2.06	1.41	2.90	2.41	2.45	2.66	4.75	7.73
Total Liabilities	5.24	5.77	5.18	5.11	14	17	20	26	42	69
Fixed Assets	3.57	3.49	3.47	3.48	7.03	7.26	9.30	8.63	11	23
CWIP	0.00	0.54	0.00	0.00	0.00	1.60	0.00	1.59	10	8.51
Investments	0.01	0.01	0.01	0.01	0.07	0.07	0.07	0.07	0.07	0.07
Other Assets	1.66	1.73	1.70	1.62	6.49	7.68	10	15	21	38
Total Assets	5.24	5.77	5.18	5.11	14	17	20	26	42	69

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.14	-0.23	-0.01	-1.37	-1.03	2.23	2.45	0.17	4.27	-0.09
Cash from Investing Activity	-0.51	-0.68	0.27	-0.05	-0.21	-2.78	-0.96	-1.67	-13	-16
Cash from Financing Activity	-0.02	0.92	-0.26	1.43	1.24	0.51	-1.47	1.49	8.74	17
Net Cash Flow	-0.39	0.01	-0.00	-0.00	-0.00	-0.04	0.02	-0.01	0.02	0.02

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Aug 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	73.45%	73.45%	73.45%	73.45%	73.45%	73.45%	73.44%	73.44%	73.44%	73.44%	73.44%	73.80%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	26.55%	26.55%	26.55%	26.55%	26.55%	26.55%	26.56%	26.56%	26.56%	26.56%	26.56%	26.20%
Total Shareholders	8,480	8,424	8,404	8,354	8,306	8,242	8,212	8,181	8,151	8,138	8,141	7,810

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
May 10, 2024	Mangla bangur	Insider - Promoter Group	Acquisition	44.00	1.47 Cr	3,34,000	—
May 10, 2024	Anand bangur	Insider - Promoter Group	Acquisition	44.00	1.47 Cr	3,34,000	3.05
May 10, 2024	Vishnu jajoo	Insider - Promoter Group	Acquisition	44.00	1.47 Cr	3,34,000	3.05
May 10, 2024	Samiksha bangur	Insider - Promoter Group	Acquisition	44.00	1.47 Cr	3,34,000	—
May 10, 2024	Arpit bangur	Insider - Promoter Group	Acquisition	44.00	1.47 Cr	3,34,000	—
Mar 29, 2023	Himashu sharma	Bulk	Sell	24.58	0.15 Cr	60,000	0.45

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Board Meeting Outcome

3 hours ago

Board Meeting Scheduled for December 23, 2025

Raaj Medisafe India Ltd is convening a Board meeting on December 23, 2025, to discuss capital increases and a preferential equity issuance.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Overview

Detailed Summary

The company's modern manufacturing facility is located in Pithampur, conforming to cGMP requirements, showcasing its commitment to high-quality standards.

In 2020, the company underwent a major transformation by merging with Padma Polytex India Private Limited, issuing new shares to its shareholders.

This amalgamation reflects strategic growth, positioning Raaj Medisafe to expand its reach and capabilities in the medical disposable market.

The company's proactive approach to mergers signifies its intent to strengthen its market position and optimize resource utilization.

Sector

Packaging

Industry

Packaging - Plastic Containers

Market Cap

89 Cr

Volatility

Low Risk

P/E Ratio

11.6

Industry P/E

20.2

PEG Ratio

0.4

P/B Ratio

3.1

52W High

102.35

52W Low

63.56

Sales CAGR

44.32%

21.62%

23.42%

10Y

48.32%

Profit CAGR

84.08%

26.72%

—

10Y

—

ROE

TTM

26.43%

28.27%

35.87%

10Y

49.29%

ROCE

TTM

11.41%

22.31%

25.57%

10Y

20.82%

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	11	11	10	11	11	13	15	24	16	18
Expenses	9.30	9.62	8.65	9.04	9.17	11	12	21	13	16
Operating Profit	1.22	1.58	1.52	2.32	1.74	1.57	2.21	3.11	2.63	2.74
OPM %	11.60	14.11	14.95	20.42	15.95	12.54	15.15	12.75	16.61	14.89
Other Income	0.01	0.01	0.00	0.04	0.00	0.09	-0.01	0.11	0.01	0.23
Interest	0.39	0.33	0.37	0.47	0.36	0.57	0.52	0.68	0.68	0.82
Depreciation	0.20	0.20	0.21	0.23	0.23	0.38	0.40	0.44	0.49	0.43
Profit Before Tax	0.63	1.06	0.94	1.66	1.15	0.72	1.28	2.11	1.46	1.73
Tax %	0.00	0.00	0.00	57.83	14.78	9.72	20.31	-65.40	0.00	0.00
Net Profit	0.63	1.06	0.94	0.70	0.97	0.65	1.03	3.48	1.46	1.73
EPS in Rs	0.48	0.81	0.73	0.55	0.62	0.49	0.76	2.62	1.12	1.32

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	4.42	4.62	4.80	22	32	35	39	43	62	67
Expenses	4.51	5.08	5.59	20	28	30	33	37	54	58
Operating Profit	-0.09	-0.46	-0.79	1.51	4.07	5.09	5.61	6.63	8.63	9.52
OPM %	-2.04	-9.93	-16.43	6.92	12.78	14.66	14.53	15.33	13.83	14.14
Other Income	0.05	0.01	0.25	0.34	0.01	0.08	0.02	0.06	0.20	0.20
Interest	0.51	0.66	0.75	1.16	0.74	0.71	1.11	1.57	2.13	2.45
Depreciation	0.27	0.31	0.31	0.68	0.71	0.72	0.75	0.84	1.45	1.71
Profit Before Tax	-0.83	-1.43	-1.59	0.02	2.62	3.73	3.77	4.29	5.25	5.57
Tax %	0.00	0.00	0.00	1,815.96	12.19	19.17	11.72	22.39	-16.68	-18.85
Net Profit	-0.83	-1.43	-1.59	-0.29	2.30	3.01	3.33	3.33	6.13	6.62
EPS in Rs	-0.63	-1.08	-1.21	-1.13	0.99	4.33	2.55	2.57	4.49	5.82
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5.00	5.00	5.00	5.00	11	11	11	11	11	13
Reserves	-9.03	-9.88	-11	-13	-12	-9.83	-6.75	-3.41	-0.07	14
Borrowings	7.61	9.04	9.43	12	12	13	13	16	26	35
Other Liabilities	1.66	1.61	2.06	1.41	2.90	2.41	2.45	2.66	4.75	7.73
Total Liabilities	5.24	5.77	5.18	5.11	14	17	20	26	42	69
Fixed Assets	3.57	3.49	3.47	3.48	7.03	7.26	9.30	8.63	11	23
CWIP	0.00	0.54	0.00	0.00	0.00	1.60	0.00	1.59	10	8.51
Investments	0.01	0.01	0.01	0.01	0.07	0.07	0.07	0.07	0.07	0.07
Other Assets	1.66	1.73	1.70	1.62	6.49	7.68	10	15	21	38
Total Assets	5.24	5.77	5.18	5.11	14	17	20	26	42	69

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.14	-0.23	-0.01	-1.37	-1.03	2.23	2.45	0.17	4.27	-0.09
Cash from Investing Activity	-0.51	-0.68	0.27	-0.05	-0.21	-2.78	-0.96	-1.67	-13	-16
Cash from Financing Activity	-0.02	0.92	-0.26	1.43	1.24	0.51	-1.47	1.49	8.74	17
Net Cash Flow	-0.39	0.01	-0.00	-0.00	-0.00	-0.04	0.02	-0.01	0.02	0.02

Oscillators

BearishNeutralBullish

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Neutral

Bullish

Overall

BearishNeutralBullish

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Bullish

Moving Averages

BearishNeutralBullish

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Neutral

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Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
TPLPLASTEH	67.80	518 Cr	19.87	3.40	1.51	17.14	22.26	10.44
HITECHCORP	172.50	289 Cr	23.78	1.04	0.60	4.36	8.24	2.36
GLEN	76.50	182 Cr	10.10	1.50	0.00	13.08	13.57	6.60
RPPL	16.82	125 Cr	11.03	0.73	0.00	6.62	9.06	3.36
IDEALTECHO	202.00	101 Cr	35.07	4.26	0.00	14.19	11.82	6.52
RAAJMEDI	67.45	89 Cr	11.59	3.06	0.00	26.43	11.41	8.64
VINAYAKPOL	33.99	10 Cr	43.03	2.05	0.00	4.79	6.52	2.51