Raaj Medisafe India Limited - healthcare in Ujjain, Madhya Pradesh, India. FY 2026 financials & compliance.
CIN L33112MP1985PLC003039 Incorporated 12 September 1985 ROC Gwalior HQ Ujjain, Madhya Pradesh, India
Active Listed - BSE: 524502 Public Limited Company healthcare MSME
Market Cap
₹171 Cr
RAAJMEDI · BSE
Share Price
₹102.00
-2.16% today
Revenue
₹80.01 Cr
FY 2025-26 · +28.2% YoY
EBITDA
₹11.76 Cr
Margin 14.7%
Net Profit
₹1.80 Cr
FY 2025-26 · -70.6% YoY
P/E (TTM)
70.8x
P/B 3.6x
ROE
4.9%
ROCE 11.9%
Debt / Equity
1.35
Interest cover 40.7x

About Raaj Medisafe India Limited

Data last updated:

Raaj Medisafe India Limited is a public limited company based in Ujjain, Madhya Pradesh, India. It operates in the medical consumables and supplies segment of the healthcare sector. It was incorporated on 12 September 1985 and has been in existence for over 41 years.

The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L33112MP1985PLC003039. Its GSTIN is 23AABCM1901C1ZD (Madhya Pradesh). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 524502.

The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹16.42 Cr. It was formerly known as Manoj Surgical Industries Limited. It is led by directors including Arpit Bangur (Managing Director) and Navin Jhawar (Whole-Time Director).

Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 75/2 And 3 Industrial Area Maksi Road, Ujjain, Madhya Pradesh, India – 456010.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹80.01 Cr, a growth of 28.2% compared to the previous year. For the same year it recorded a net profit of ₹1.8 Cr (net margin 2.2%) and EBITDA of ₹11.76 Cr (EBITDA margin 14.7%). The net worth stands at ₹46.74 Cr (up 73.6% YoY). Total assets are valued at ₹111.44 Cr (up 81.2% YoY).

The company has about 192 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Raaj Medisafe India and Raaj Medisafe India. As per MCA filings, the company has open charges of ₹113.82 Cr and satisfied charges of ₹24.24 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it. The company has 3 deals on record (2 market trades, 1 acquisition); the latest was in March 2023.

Raaj Medisafe India Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MP-17-0001960). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website medisafeindia.com.

Company details

CIN L33112MP1985PLC003039
Registration Number 003039
Incorporation Date 12 September 1985
ROC Gwalior
Listing Status Listed - Listed on BSE (524502)
Company Status Active
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MP-17-0001960

CIN history

Raaj Medisafe India has one previous CIN (Corporate Identification Number): U33112MP1985PLC003039. The current CIN is L33112MP1985PLC003039, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L33112MP1985PLC003039Current
U33112MP1985PLC003039Previous

Recognitions & Rankings of Raaj Medisafe India

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-MP-17-0001960

Contact details

Raaj Medisafe India Limited's registered office is in Ujjain, Madhya Pradesh. Its website is medisafeindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    75/2 And 3 Industrial Area Maksi Road, Ujjain, Madhya Pradesh, India – 456010
  • Industry
    Healthcare, Medical Consumables & Supplies

To see the full contact details of Raaj Medisafe India Limited, buy the company report.

Comprehensive company report
Raaj Medisafe India Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Raaj Medisafe India operates two associated brands: RAAJ MEDISAFE INDIA and Raaj Medisafe India. Each brand links to its own profile.

BrandDescriptionWebsite
Packaging and hygiene solutions for pharmaceuticals, FMCG, and food industries.raajmedisafeindia.com
Hygienic disposable products for medical and personal use are manufactured.medisafeindia.com

Business activity

The main business activity of Raaj Medisafe India is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Raaj Medisafe India Limited, buy the company report.

Financials of Raaj Medisafe India Limited

FY 2025-26 filings available

Raaj Medisafe India Limited reported revenue of ₹80.01 Cr (up 28.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹80.01 Cr
+28.2% YoY
EBITDA
₹11.76 Cr
+36.1% YoY
Profit After Tax
₹1.80 Cr
-70.6% YoY
Net Worth
₹46.74 Cr
+73.6% YoY
Total Assets
₹111 Cr
+81.2% YoY
Total Debt
₹64.67 Cr
+87.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue80.0162.4243.2538.6234.6931.8121.80
Revenue growth+28.2%+44.3%+12.0%+11.3%+9.1%+45.9%-
EBITDA11.768.646.625.615.064.061.49
EBITDA margin+14.7%+13.8%+15.3%+14.5%+14.6%+12.8%+6.8%
Profit before tax6.325.264.273.773.732.630.01
Net profit1.806.133.313.332.982.32(0.47)
Net profit margin+2.3%+9.8%+7.7%+8.6%+8.6%+7.3%-2.2%
EPS (₹)1.104.653.053.052.762.11(0.26)
Balance sheet
Total assets11161.4936.7623.1117.1714.2010.69
Net worth46.7426.9210.837.494.151.07(1.19)
Total debt64.6734.5725.9315.6213.0213.1311.87
Cash & bank13.010.060.050.030.030.030.07
Net working capital42.8422.1214.6512.928.135.413.61
Cash flow
Cash from operations3.67(0.09)4.270.172.452.23(1.03)
Cash from investing(34.95)(16.42)(13.00)(1.67)(0.96)(2.78)(0.21)
Cash from financing44.2316.528.741.49(1.47)0.511.24
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue29.4625.0820.7118.4015.8324.4014.5910.91
Revenue growth (YoY)+86.1%+2.8%+42.0%+68.7%+45.1%---
Other income0.150.280.040.230.010.11(0.01)0.00
Total expenses25.4022.3717.0215.6613.2021.2912.389.17
EBITDA4.062.713.692.742.633.112.211.74
EBITDA margin+13.8%+10.8%+17.8%+14.9%+16.6%+12.7%+15.1%+15.9%
Depreciation0.710.630.500.430.490.440.400.23
Interest0.861.081.380.820.680.680.520.36
Profit before tax2.641.281.851.721.472.101.281.15
Tax0.664.52(0.05)0.000.00(1.37)0.250.18

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue29.4625.0820.7118.4015.8324.4014.5910.91
Revenue growth (YoY)+86.1%+2.8%+42.0%+68.7%+45.1%---
Other income0.150.280.040.230.010.11(0.01)0.00
Total expenses25.4022.3717.0215.6613.2021.2912.389.17
EBITDA4.062.713.692.742.633.112.211.74
EBITDA margin+13.8%+10.8%+17.8%+14.9%+16.6%+12.7%+15.1%+15.9%
Depreciation0.710.630.500.430.490.440.400.23
Interest0.861.081.380.820.680.680.520.36
Profit before tax2.641.281.851.721.472.101.281.15
Tax0.664.52(0.05)0.000.00(1.37)0.250.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue80.0162.4243.2538.6234.6931.8121.80
Revenue growth+28.2%+44.3%+12.0%+11.3%+9.1%+45.9%-
Other income0.560.200.060.020.100.020.36
Total expenses68.2553.7836.6333.0129.6327.7520.31
Employee cost4.343.373.252.702.892.442.15
EBITDA11.768.646.625.615.064.061.49
EBITDA margin+14.7%+13.8%+15.3%+14.5%+14.6%+12.8%+6.8%
Depreciation2.041.450.840.750.720.710.68
Interest3.962.131.571.110.710.741.16
Profit before tax6.325.264.273.773.732.630.01
Tax4.52(0.87)0.960.440.710.320.31
Net profit1.806.133.313.332.982.32(0.47)
Net profit margin+2.3%+9.8%+7.7%+8.6%+8.6%+7.3%-2.2%
EPS (₹)1.104.653.053.052.762.11(0.26)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital16.4213.1810.9010.9010.9010.9010.90
Reserves & surplus30.3213.74(0.07)(3.41)(6.75)(9.83)(12.09)
Shareholders' funds (net worth)46.7426.9210.837.494.151.07(1.19)
Secured loans62.2534.5123.2811.939.785.754.59
Unsecured loans2.420.062.653.693.247.387.28
Total debt64.6734.5725.9315.6213.0213.1311.87
Total liabilities11161.4936.7623.1117.1714.2010.69
Assets
Gross block51.0133.6019.2816.3616.3613.6613.16
Net block39.0523.6810.738.649.307.267.02
Capital work in progress26.768.5110.141.590.001.600.00
Investments0.070.070.070.070.070.070.07
Inventories14.898.148.466.613.111.520.87
Sundry debtors11.7516.707.896.855.444.904.70
Cash & bank balances13.010.060.050.030.030.030.07
Loans & advances10.804.712.101.711.420.870.64
Total current assets50.4529.6118.5015.2010.007.326.28
Total current liabilities7.617.493.852.281.871.912.67
Net working capital42.8422.1214.6512.928.135.413.61
Total assets11161.4936.7623.1117.1714.2010.69
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.060.050.030.030.010.050.01
Net cash from operating activities3.67(0.09)4.270.172.452.23(1.03)
Net cash from investing activities(34.95)(16.42)(13.00)(1.67)(0.96)(2.78)(0.21)
Net cash from financing activities44.2316.528.741.49(1.47)0.511.24
Net change in cash12.950.020.02(0.01)0.02(0.04)0.00
Closing cash13.010.060.050.030.030.030.07
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+28.2%+44.3%+12.0%+11.3%+9.1%+45.9%-
EBITDA growth+36.1%+30.5%+18.0%+10.9%+24.6%+172.5%-
PBT growth+20.2%+23.2%+13.3%+1.1%+41.8%-+9998.0%
Net income growth-70.6%+85.2%-0.6%+11.7%+28.5%+593.6%-
Revenue CAGR (3Y)+27.5%+21.6%+10.8%+21.0%+93.3%+90.2%+70.2%
EBITDA CAGR (3Y)+28.0%+19.5%+17.7%+55.6%---
Profitability & leverage
Net income margin+2.3%+9.8%+7.7%+8.6%+8.7%+7.3%-1.4%
Return on capital employed+11.9%+14.6%+16.9%+17.3%+16.5%+17.9%0.0%
Return on net worth+4.9%+30.1%+24.1%+24.1%+21.8%+36.4%0.0%
Debt / equity1.351.602.272.465.010.000.00
Long-term debt / equity0.700.680.780.430.630.000.00
Interest cover40.7429.6227.1622.8416.3622.09143.21
Efficiency & per share
Fixed asset turnover1.892.362.432.362.312.372.30
Inventory turnover6.957.525.747.9514.9826.6230.28
Debtors turnover5.625.085.876.286.716.637.90
EPS (₹)1.104.653.053.052.762.11(0.26)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)28.4620.429.946.873.810.98(1.09)

To see the full year-wise statements and ratios of Raaj Medisafe India Limited, buy the company report.

Board of directors of Raaj Medisafe India Limited

Raaj Medisafe India has 6 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rakesh AgrawalDirector09 Aug 20224 Years 3 MonthsCurrent
Navin JhawarWhole-Time Director18 Aug 20215 Years 2 MonthsCurrent
Arpit BangurManaging Director13 May 201313 Years 5 MonthsCurrent
Krishna JajooDirector15 Jan 201511 Years 9 MonthsCurrent
Hemant KasliwalDirector14 Aug 20242 Years 2 MonthsCurrent
Ateet AgrawalDirector14 Aug 20242 Years 2 MonthsCurrent

Auditor

Raaj Medisafe India Limited is audited by V.K. LADHA & ASSOCIATES for the financial year 2022.

Auditor firmFinancial yearFirm registration number
V.K. LADHA & ASSOCIATESFY 2022002301C

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 73.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 26.20%.

Promoters: 73.80%Retail & Others: 26.20%
Mar 2026
QUARTER
73.80% Promoters
26.20% Retail & Others
Promoter holding - history
Now 73.80% · Mar 2026High 73.80% · Sep 2025Low 73.40% · Jun 2025
72%72.8%73.5%74.3%75%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 73.40%Sep 2025: 73.80%Dec 2025: 73.80%Mar 2026: 73.80%73.80%73.40%73.80%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters73.80%73.80%73.80%73.40%
Public26.20%26.20%26.20%26.60%

Charges & borrowings

Open charges
₹113.82 Cr
Satisfied charges
₹24.24 Cr
Breakdown by lending institutions
Others₹61.26 Cr
Hdfc Bank Limited₹50.60 Cr
Sidbi₹1.96 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Jun 2026101322778Sidbi₹1.96 CrOpen
14 Nov 2025101191664Others₹12 CrOpen
29 Oct 2025101194928Others₹20 LakhOpen
14 Mar 2024100891925Others₹49.06 CrOpen
12 Jun 2018100184956Hdfc Bank Limited₹47.9 CrOpen

To see the full charge records of Raaj Medisafe India Limited, buy the company report.

Total charge records: 14 View all charges

Deals & funding

Raaj Medisafe India Limited has 3 deals on record (2 market trades, 1 acquisition); the latest was in March 2023.

Total deals
3
Market trades
2
Acquisition
1

Deals on record (3 of 3)

WhenDealAmountParties
Mar 2023Market trade₹14.7 LakhSeller: an individual
Oct 2021Market trade₹37.1 LakhSeller: Betarstep Trading Private Limited
Mar 2013Acquisition₹10.9 LakhBuyer: Sushen Remedies Private Limited

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Raaj Medisafe India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Raaj Medisafe India Limited has a workforce of 192 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.

Employee count
192
Active EPFO establishments
2
Employee growth
46.6%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27192
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Raaj Medisafe India Limited, buy the company report.

GST

Raaj Medisafe India has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
23AABCM1901C1ZDMadhya PradeshActive01 Jul 2017
23AABCM1901C2ZCMadhya PradeshActive05 Jan 2021

To see the full GST registrations and return filing status of Raaj Medisafe India Limited, buy the company report.

Recent activity

Raaj Medisafe India Limited has 39 board changes on record since 1985: 23 appointments and 16 cessations. The latest: Rajesh Kumar Gupta ceased to be Director on 25 Sep 2024.

Charges
A charge with Sidbi amounted to Rs. 1.96 Cr with Charge ID 101322778 was registered on 30 Jun 2026.
Charges
A charge with Others of Rs. 49.06 Cr registered on 14 Mar 2024 with Charge ID 100891925 was modified on 18 Jun 2026.
Filing
Raaj Medisafe India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Gwalior.
Charges
A charge registered on 25 Sep 2025 via Charge ID 101166322 with Hdfc Bank Limited was fully satisfied on 16 Jan 2026.
Charges
A charge with Others amounted to Rs. 12.00 Cr with Charge ID 101191664 was registered on 14 Nov 2025.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 101194928 was registered on 29 Oct 2025.
AGM
Raaj Medisafe India Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 13.59 Cr with Charge ID 101166322 was registered on 25 Sep 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 47.90 Cr registered on 12 Jun 2018 with Charge ID 100184956 was modified on 12 Jun 2025.
Ceased
Rajesh Kumar Gupta ceased to be Director.
Ceased
Vijendra Kumar Sood ceased to be Director.
Appointed
Ateet Agrawal was appointed as Director.

59 earlier events are in the company report.

Frequently asked questions

Raaj Medisafe India is an active public limited company based in Ujjain, Madhya Pradesh, India. The company works in medical consumables and supplies, within the healthcare industry. It was incorporated on 12 September 1985 (41+ years old) and is registered under CIN L33112MP1985PLC003039. Listed on BSE: 524502.

Raaj Medisafe India reported revenue of ₹80.01 Cr for FY 2025-26 (up 28.2% YoY) based on standalone financials.

Raaj Medisafe India has 6 current directors:

The latest financial statements of Raaj Medisafe India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Raaj Medisafe India is 23AABCM1901C1ZD, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 23AABCM1901C2ZC (Madhya Pradesh).

The CIN (Corporate Identification Number) of Raaj Medisafe India is L33112MP1985PLC003039. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Raaj Medisafe India is a listed company as per MCA records. Its shares are listed on BSE (code: 524502).

Raaj Medisafe India has 5 court cases on record: 3 filed by the company and 2 filed against it. Most are in the district courts.

Raaj Medisafe India was incorporated on 12 September 1985, making it 41+ years old. It is registered with the Registrar of Companies, Gwalior.

Raaj Medisafe India has 3 deals on record (2 market trades, 1 acquisition); the latest was in March 2023.