Opportunity Overview
- Medic is a venture of one of India's leading corporate house with a turnover of USD 75 Million with 1000+ employees
- Manufacturers Syringes, Needles, I.V. Sets, Blood Collection Tubes & other medical disposable products.
- Its has facilities in Vapi, Gujarat with installed capacity of around 23 lac syringes per day and a pan India distribution network.
- It sells syringes under two brands - mass market and a mass premium brand
- Looking to foray into high margins products
- Opportunity to acquire significant minority stake
Key Investment Highlights
- An emerging leader - Is the 3rd largest manufacturer of syringes in India,
- Enjoys wide presence across India, leveraging its strong distribution network handpicked by the promoters
- Young Promoters who are fully vested into the business with a vision to establish a global leader
- Set to immensely benefit from the Ayushman Bharat Health insurance scheme for 100 million poor families across India
- Exports to Latin America
- Products are CE and ISO certified
Industry Size
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Key Financials
| Particulars (Rs Mn) | FY 17 | FY18 |
|---|---|---|
| Revenue | 240 | 350 |
| EBITDA | 29 | 52.5 |
| EBITDA, % | 12% | 15% |
| PAT, % | 6% | 8% |