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Themis Medicare Ltd

NSE: THEMISMED BSE: 530199

85.80

(-1.20%)

Wed, 11 Mar 2026, 03:15 am

Themis Medicare Analysis

dividend

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Pros

  • Dividends paid are thoroughly covered by earnings (15.4x coverage).
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Cons

  • Dividends per share have fallen over the past 10 years.
  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Themis Medicare's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • Themis Medicare's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

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Pros

  • Themis Medicare is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Themis Medicare is profitable, therefore cash runway is not a concern.
  • Themis Medicare is profitable, therefore cash runway is not a concern.
  • Debt is covered by short term assets, assets are 2x debt.
  • Themis Medicare's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (236.8% vs 48.2% today).
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Cons

  • Debt is not well covered by operating cash flow (0.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
  • Themis Medicare's level of debt (48.2%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • The average tenure for the Themis Medicare board of directors is over 10 years, this suggests they are a seasoned and experienced board.
  • Sachin's compensation has increased in line with Themis Medicare recently becoming profitable.
  • The tenure for the Themis Medicare management team is about average.
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Cons

  • Sachin's remuneration is higher than average for companies of similar size in India.

misc

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Pros

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    Cons

    • Themis Medicare is not covered by any analysts.

    past

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    Pros

    • Themis Medicare used its assets more efficiently than the IN Pharmaceuticals industry average last year based on Return on Assets.
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    Cons

    • Themis Medicare has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
    • Themis Medicare's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
    • Themis Medicare's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
    • Themis Medicare has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
    • Themis Medicare has become profitable in the last year making it difficult to compare the IN Pharmaceuticals industry average.

    value

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    Pros

    • Themis Medicare is good value based on assets compared to the IN Pharmaceuticals industry average.
    • Themis Medicare is good value based on earnings compared to the IN Pharmaceuticals industry average.
    • THEMISMED outperformed the Pharmaceuticals industry which returned 26.7% over the past year.
    • THEMISMED outperformed the Market in India which returned -14.5% over the past year.
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    Cons

    • Themis Medicare's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
    • Themis Medicare's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
    • Themis Medicare is overvalued based on earnings compared to the India market.
    • NSEI:THEMISMED is down -1.7% underperforming the Pharmaceuticals industry which returned 6.8% over the past month.
    • NSEI:THEMISMED is down -1.7% underperforming the market in India which returned 8% over the past month.

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    Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800