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NORRIS MEDICINES LTD.

Services › Commercial Services & Supplies
₹14.62
at close · 28 Oct 2026
▼ 0.38 (-2.53%)

Latest filings

  1. Routine compliance certificate on dematerialisation for Q2 FY27 · Compliance
  2. AGM Results: All 6 Resolutions Passed Including MD Appointment · Board & Shareholder Meetings
  3. All 6 resolutions passed at Norris Medicines 35th AGM · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and supplies pharmaceutical products, with regulatory clearance to supply the Nigerian market (a clean NAFDAC inspection was completed in December 2025). The operations are run out of Ankleshwar, Gujarat. FY26 revenue from operations was Rs. 813.20 lakhs, up 39.7% from Rs. 582.02 lakhs in FY25, with Q3 FY26 alone delivering Rs. 326.66 lakhs (nearly three times the Rs. 110.60 lakhs in Q3 FY25). The cost base is dominated by materials, which made up 53.4% of FY26 revenue, followed by employee cost at 20.5% and other operating expenses at 18.4%. Despite top-line growth, the company reported a net loss of Rs. 28.06 lakhs for FY26 (improved from Rs. 123.75 lakhs), and operating cash flow was negative at Rs. 11.26 lakhs. Total equity is deeply negative at Rs. -1,514.80 lakhs, and a long-pending Bombay High Court order directing a Rs. 1.33 crore deposit was quashed in November 2025.

Operating scale
FY26 revenue from operations
Rs. 813.20 lakhsFY26
Q3 FY26 revenue
Rs. 326.66 lakhsQ3 FY26
NAFDAC inspection result
Clean report with no critical observationsDec 2025
Materials cost share
53.4% of revenueFY26
Registered office location
Ankleshwar, Gujarat
Who pays it
Pharmaceutical buyers including the Nigerian market (per NAFDAC clearance).
Biggest cost
Materials consumed, at 53.4% of FY26 revenue.
Kind of business
Small-scale pharmaceutical manufacturing with negative net worth and recent losses.
Where it sits
Listed on BSE; operates from Ankleshwar, Gujarat, with regulatory clearance to supply Nigeria.
Market Cap
₹15 Cr
P / E (TTM)
4.2×
EV / EBITDA
56.8×
Div Yield
—
Growth
-7.9%▼
Revenue 5y CAGR
PAT — · EBITDA —
Quality
-9.5%·
ROCE (5y median)
ROE n/m · margin 8.7%
Leverage
n/m·
Debt / Equity · negative net worth
Net debt ₹22 Cr
Revenue FY21→FY26
0.7×▼
Margin +37.1 pts
₹12 Cr → ₹8 Cr
Moves on a normal day
2.86%·
Median daily move
Last 265 sessions · the yardstick for filing-day moves
Where it sits among 188 Trading & Distributors peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#21/130
ROCE#159/177
EBITDA margin#25/137
Revenue growth#93/135
Profit growth#41/157

Scorecard

Measured from the filed financials, judged against its Trading & Distributors peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Revenue shrinking over 5 years (−8% a year)
Negative returns on capital — −9.5% (5-year median)
#159 of 177 in Trading & Distributors on the latest reported figures · up from −29.1% in FY21
Negative net worth — liabilities exceed assets by ₹15 Cr (FY26)
Debt-to-equity and return on equity are not meaningful below zero equity

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from NORRIS MEDICINES LTD.'s filed financials and exchange disclosures

What does NORRIS MEDICINES LTD. do?

NORRIS MEDICINES LTD. is a Commercial Services & Supplies company listed on BSE.

Is NORRIS MEDICINES LTD. profitable?

No. Over the trailing twelve months NORRIS MEDICINES LTD. reported a net loss of ₹0.59 Cr on revenue of ₹9.59 Cr.

Does NORRIS MEDICINES LTD. pay a dividend?

Not in the latest reported year — NORRIS MEDICINES LTD.'s dividend payout for FY26 was nil.

Is NORRIS MEDICINES LTD. debt-free?

No. It reported borrowings of ₹22 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹22 Cr after cash. Its net worth is negative — liabilities exceed assets by ₹15 Cr, so a debt-to-equity ratio is not meaningful.

Is NORRIS MEDICINES LTD. expensive compared with its peers?

On trailing P/E, NORRIS MEDICINES LTD. ranks 21 of 130 in Trading & Distributors — cheaper than 85% of them, against an industry median of 13.9×. This is a position, not a valuation judgement.

How much does the NORRIS MEDICINES LTD. share price move in a day?

On a typical session NORRIS MEDICINES LTD. moves 2.86% — that is the median absolute close-to-close move across its last 265 trading days. MarketPing measures each filing's price reaction against it.

Where can I track NORRIS MEDICINES LTD.'s announcements?

Every NSE and BSE filing by NORRIS MEDICINES LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.