RATING

RECOMMENDATION

Buy

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Buy

Business Type

Traditional Business

RATING

RECOMMENDATION

Buy

Business Type

Traditional Business

Discover and get a complete analysis on Hicks Thermometers India Limited - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and get the latest updates on Hicks Thermometers Upcoming IPO.

ISIN

INE92ES01017

Face Value

₹10.00

Total Share

2,75,500

Total Income

₹5,886.05 L

Profit After Tax

₹321.96 L

EPS

₹116.84

P/E

20.71

P/B

2420.00

Market Capitalisation

₹66.67 Cr

Enterprise Value

₹61.05 Cr

Earnings Yield

4.83 %

Sector

Health Care

Sub-sector

Health care Equipments & supplies

Category

Micro Cap

Cashflow - Operations

₹527.68 L

Cashflow - Financing

-₹336.01 L

Hicks Thermometer India Growth

Compounded Sales Growth

  • 9.99%

    1 Year

  • 6.09%

    2 Year

  • 7.17%

    4 Year

Pro Only

Compounded Profit Growth

  • 69.94%

    1 Year

  • 44.66%

    2 Year

  • 18.60%

    4 Year

Pro Only

Return On Equity

  • 20.74%

    2020

  • 14.61%

    2019

  • 15.89%

    2017

Pro Only

About Hicks Thermometer India

  • Hicks Thermometers India Ltd. manufactures and markets a wide range of medical and healthcare products. 
  • Its manufacturing unit is located at Aligarh, a widely known industrial place situated in U.P., India and the production unit is spread over an area of 7000 square yards.
  • The key cliental of the companies are various Hospitals, Laboratories and Pharmaceutical companies like Apollo Hospital, Cadila Pharmaceuticals, Dr. Reddy’s Laboratories.
  • It has 1500 distributors in various states of India and has distribution offices at Delhi, Kolkata, Patna, Jaipur, Nagpur, Mumbai, Guwahati and Chennai along with a marketing team to provide these products to various outlets regularly
  • It has recorded total revenue of Rs. 58 Cr. and Rs. 5 Cr. of EBITDA in FY 20. 

Key Client Base

  • The key cliental of the companies are various Hospitals, Laboratories and Pharmaceutical companies like Apollo Hospital, Cadila Pharmaceuticals, Dr. Reddy’s Laboratories.

Key facts:

  • It have 1500 distributors in various states of India and have distribution offices at Delhi, Kolkata, Patna, Jaipur, Nagpur, Mumbai, Guwahati and Chennai along with a marketing team to provide these products to various outlets regularly
  • It has recorded total revenue of Rs. 58 Cr. and Rs. 5 Cr. of EBITDA in FY 20. 

  • Hicks Thermometer India Product & Services


  • The company produces a variety of products including clinical thermometers, digital thermometers, Digital B.P. Monitor, Pulse Oximeter, Homecare Products, Diagnostic Products, Medical Disposables, Cardiology Stethoscope.
  • Hicks Thermometer India Industry Overview

Industry Statistics

  • Healthcare has become one of India’s largest sector, both in terms of revenue and employment. The healthcare market is expected to increase three-fold to Rs. 8600000 Cr. by FY 2022. 
  • India is one of the top 20 markets for medical devices in the world and is the fourth largest market in Asia after Japan, China and South Korea.
  • The Medical Devices industry in India was valued at Rs. 81505 Cr. as of FY 2020 and expected to reach 370478 Cr. by FY 2025 at a CAGR of 15.8%.
  • Indian medical device market is expected to increase at a 35.4% CAGR to reach Rs. 370478 Cr. in FY 2025 from Rs. 81505 Cr. in 2020 which is expected to rise in the number of hospitals and increasing requirement of healthcare facilities.
  • The non-contact thermometer market in India was valued at Rs 51 Cr. in 2019 and is expected to reach a value of Rs. 126 Cr. by 2025, growing at a CAGR of 16.1%.

Future Prospects

  • Owing to the huge gap in the demand and supply of medical devices in India currently, there is a substantial opportunity/need to manufacture the medical devices in India and many companies have invested in this sector over past few months
  • In November 2020, the Engineering Exports Promotion Council India and the National Institute of Design collaborated to promote and upgrade designs and technology for the medical devices industry, enabling it to meet the emerging needs of the country’s health sector, particularly in the aftermath of COVID-19. 
  • In October 2020, Siemens Healthineers, a global medical technology company, announced plans to invest Rs. 1,300 crore  over the next five years in Bengaluru, Karnataka, to make India one of its four key digital innovation hubs worldwide 
  • In September 2020, Thiruvananthapuram-based Sree Chitra Tirunal Institute for Medical Sciences and Technology announced that it will collaborate with the Kerala government to set up an Rs. 260 crore medical devices park in Thonnakkal (Thiruvanthapuram)

Hicks Thermometer India Strengths

  • Due to COVID-19 there is increase in demand of medical equipment like thermometer, monitoring devices, disposable mask and gloves and company can benefit from this increase in demand. 
  • It is one of India’s oldest medical equipment manufacturers with a strong penetration in market.
  • Operating Profits of the company have been increasing with a CAGR of 21.5% from 2017 to 2020.
  • Profit after Tax of the company has been increasing with a CAGR of 27.8% from 2017 to 2020.

Hicks Thermometer India Shortcomings

  • Company needs to look after the long term borrowing as it is slowly increasing

Hicks Thermometer India Opportunities

  • Large potential to increase market penetration due to COVID-19.
  • It is a sector with high growth potential in India due to large gap between demand and supply of medical equipment.

Hicks Thermometer India Threats

  • Many medical devices are expected to have a price cap fixed by the government, which is expected to have a negative impact on the hospital industry in the short term, thereby negatively impacting the market for non-contact thermometers.
  • A high competition from both international and domestic competitors such as Johnson and Johnson, Opto Circuits, ResMed, Poly medicure poses a threat to business.
Hicks Thermometer India Rating

  • RECOMMENDATION

    Buy

  • Hicks Thermometer India Detail Info

Industry Statistics

PRIVATE LIMITED

Registered In

India

Registered Date

02/06/1961

Planify Ticker

HTIL

Reg Office: A-12/13, Industrial Estate Aligarh, 202001 India

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