Raaj Medisafe - Raaj Medisafe
Financial Performance
Revenue Growth by Segment
Gross Income grew 44.58% YoY from INR 43.31 Cr to INR 62.62 Cr (converted from thousands). Segment-wise split is not disclosed.
Profitability Margins
Net Profit Margin is 9.72% for FY25. Operating Profit Margin is reported at 30% (0.30).
EBITDA Margin
Not explicitly disclosed, but Net Profit grew 84.20% YoY to INR 6.13 Cr.
Capital Expenditure
Not disclosed in INR Cr; however, the company operates three manufacturing units in Ujjain and Pithampur.
Credit Rating & Borrowing
Interest Coverage ratio is 3.51; Debt Equity Ratio is 0.66.
Operational Drivers
Raw Materials
High-Density Polyethylene (HDPE), Polypropylene (PP), and Aluminum. Specific cost percentages are not disclosed.
Capacity Expansion
Current manufacturing locations include one unit in Ujjain and two units in Sector III, Pithampur. Planned expansion details are not disclosed.
Raw Material Costs
Raw material availability at affordable prices is cited as a critical risk. Specific cost as a % of revenue is not disclosed.
Manufacturing Efficiency
Inventory Turnover ratio is 5.10; Debtors Turnover ratio is 5.08.
Logistics & Distribution
Logistics is identified as a critical aspect for the company to capture emerging markets.
Strategic Growth
Expected Growth Rate
4.4%
Growth Strategy
The company aims to achieve growth by lowering the cost of production and adapting strategies to changing environments. It focuses on the emerging Baby Diapers market, leveraging rising hygiene consciousness and quality execution.
Products & Services
Disposable Hygiene Products (Baby Diapers), HDPE containers, PP Closures, plastic liners for packing, and Aluminum Crown caps.
Market Expansion
Focusing on capturing emerging markets through quality execution and strategic adaptation.
External Factors
Industry Trends
The Baby Diapers market volume is expected to reach 1.4bn kg by 2029, with a projected volume growth of 4.4% in 2025, driven by rising personal hygiene consciousness.
Competitive Landscape
The company faces growing competition from similar industries using similar strategies to capture emerging markets.
Competitive Moat
Competitive advantage is sought through lower production costs and superior execution quality in manufacturing disposable hygiene and packaging products.
Macro Economic Sensitivity
Operations are subject to various economic conditions and government regulations.
Consumer Behavior
Increasing consciousness regarding personal hygiene is a key factor driving demand for the company's disposable hygiene products.
Regulatory & Governance
Industry Regulations
Complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and the Companies Act 2013.
Legal Contingencies
A penalty was imposed by BSE for a delay in the submission of a Listing Application. No other pending court cases were disclosed.
Risk Analysis
Key Uncertainties
Raw material price volatility and availability, growing competition, and logistics management are key business risks.
Geographic Concentration Risk
Manufacturing is concentrated in Madhya Pradesh (Ujjain and Pithampur).
Credit & Counterparty Risk
Debtors Turnover ratio of 5.08 indicates the quality of receivables management.