Archive · 22 Jul 2026
Medplus Shares Drop to 52-Week Low
Medplus Health Services' shares dropped to a 52-week low after reporting weak earnings for the first quarter of FY27.
Despite a 22% increase in sales, the company's profits fell due to higher costs and lower margins.
However, brokerage firm Nomura remains optimistic, maintaining a 'Buy' rating with a target price of Rs 1,190.
The company is also expanding its store network and investing in new facilities.
Medplus shares dropped 17.80% to a 52-week low of Rs 653.80.
Q1 FY27 revenue grew 22% YoY, but net profit declined 22% YoY.
Gross margin declined 163bps YoY due to lower private label contribution.
Franchisee sales grew 164% YoY, contributing significantly to revenue.
Nomura maintains a 'Buy' rating with a target price of Rs 1,190.
- Who
- Medplus Health Services Ltd
- What
- Stock price drop due to weak Q1 FY27 earnings
- When
- Wednesday's trade
- Where
- Indian stock market
- Why
- Tepid earnings and higher overheads
Negative Market Reaction
Brokerage Optimism
Stock Performance
Negative Market Reaction
Shares slumped 17.80% to a 52-week low of Rs 653.80 due to weak Q1 FY27 earnings.
Brokerage Optimism
Nomura maintains a 'Buy' rating with a target price of Rs 1,190.
Financial Performance
Negative Market Reaction
Net profit declined 22% YoY, 34% below Nomura's estimate.
Brokerage Optimism
Revenue grew 22% YoY, with strong growth in franchisee sales and diagnostic segment.
Operational Metrics
Negative Market Reaction
Gross margin declined 163bps YoY due to lower private label contribution and higher overheads.
Brokerage Optimism
Company expanded its store network by 146 stores, with franchisees contributing significantly.
- Stock Price
- Rs 653.80 (52-week low)
- Revenue Growth
- 22% YoY
- Net Profit Decline
- 22% YoY
- Gross Margin Decline
- 163bps YoY
- Franchisee Sales Growth
- 164% YoY
- Store Network
- 5,476 stores (12% franchisee stores)
- Capex Plans
- Rs 40 crore for food park, Rs 115 crore for concierge health facility
- Target Price
- Rs 1,190