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Medplus, as of 31st March 2021, is the second-largest pharmacy retailer in India, in terms of revenue from operations for the financial year 2021, and the number of stores. The company provides a wide range of products, including (i) pharmaceutical and wellness products, including medicines, vitamins, medical devices, and test kits, and (ii) fast-moving consumer goods, such as home and personal care products, including toiletries, baby care products, soaps and detergents, and sanitizers.
The firm has grown from operating initial 48 stores in Hyderabad at the conception of the business to operating India's second-largest pharmacy retail network of over 2,000 stores distributed across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, and Maharashtra. The firm's share of the organized pharmacy retail market, based on revenue from operations, in Chennai, Bangalore, Hyderabad, and Kolkata stood at approximately 30%, 29%, 30%, and 22%, respectively. As of June 2021, the company operates 520 stores in Karnataka, 458 stores in Tamil Nadu, 443 stores in Telangana, 274 stores in Andhra Pradesh, 201 stores in West Bengal, 186 stores in Maharashtra and 83 stores in Odisha.
| S.No. | 1 - Company | 2 - Directors | 3 - Promoters | |||
| Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
| Criminal cases | - | - | - | - | - | - |
| Material civil cases | - | - | - | - | - | - |
| Taxation matters | - | - | - | - | - | - |
| Regulatory Proceedings | - | 1 | - | 1 | - | 1 |
| Income Statement(in Milllions) | March'2021 | March'2020 | March'2019 |
| Gross Operating Income | 30,908.14 | 28,878.87 | 22,849.40 |
| Cost of Employee & Inventory | 3,386.51 | 2,724.02 | 2,113.73 |
| Other Expenses | 28,526.01 | 27,369.25 | 21,535.93 |
| EBITDA | 2,382.13 | 1,509.62 | 1,313.47 |
| Finance Cost | 548.45 | 467.96 | 500.03 |
| Depreciation | 882.7 | 748.07 | 585.93 |
| Profit Before Tax | 950.98 | 293.59 | 227.51 |
| Tax | 319.87 | 275.65 | 108.29 |
| Profit After Tax | 631.11 | 17.94 | 119.22 |
GANGADI MADHUKAR REDDY
No listed peer company
Proceeds of Rs 798.30 cr from offer for sale will not be received by the company.
Net proceed of Rs 600cr from the fresh issue will be utilized for the following: • Funding working capital requirement of a subsidiary, Optival; and • General corporate purposes.
