Medico Remedies Ltd

Medico Remedies Ltd (MEDICO)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return25.83 %
3 Month Return49.59 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 76
Rank 77
Rank 83
Dividend Yield
Rank 42
Rank 81
Price To Book Ratio
Rank 64
Debt To Asset
Rank 83

Company Information

Medico Remedies Limited was incorporated as a private limited company with the name Medico Remedies Private Limited on March 18 1994. The status of the Company was changed to a public limited company and the name of the Company was changed to Medico Remedies Limited on March 6 2017. Medico Remedies is a pharmaceutical formulation manufacturing company with manufacturing and marketing capabilities in formulation with focus on antiinfective BetaLactums cephalosporins antimalarial antiretroviral antiulcer drugs and antacids vitamins haematinics and other supplements. Further in addition to the above the Company also has manufacturing and marketing capabilities in other drugs such as NSAIDS antihistaminic antidiabetics cardio vascular drugs diuretics antiepileptics combination drug kits syrups and cream gel for various therapeutic segments.The Company began its operations in the year 1994 with manufacturing and servicing of diuretics antimalarials NSAIDS tablets antireterovirals antiulcer drugs and antiacids tablets. Over the years the company has expanded its scale and scope of operations and currently the Company is engaged in manufacture of formulations for various medicines. As part of this expansion in the year 1999 2002 the company has acquired two adjacent plots of 1023.50 sq. metres each respectively for setting up the plant at Palghar Maharashtra. The plant is divided into two units i.e. general formulations unit and betalactam unit the beta lactam unit is further divided into two segments penicillin and cephalosporins.The Company has built a strong relationship with its customers for drug formulations. The clients include Indian as well as foreign pharmaceutical companies like Anphar Limited Saad Medical Manfes Pharmaceuticals Chemical Industries Award Global Company Limited Directorate of Health Services DHS Maharashtra to name a few. The Company also earns revenue from the sale of licenses such as FMS license FPS license and MESI license.
OrganisationMedico Remedies Ltd