Medico Remedies Limited was incorporated as a Private Limited Company as 'Medico Remedies Private Limited' on March 18, 1994. The status was changed to a Public Company and the name of the Company was changed to Medico Remedies Limited on March 6, 2017.
Medico Remedies is a pharmaceutical formulation manufacturing company with manufacturing and marketing capabilities in formulation with focus on anti-infective, Beta-Lactums, cephalosporins, antimalarial, antiretroviral, anti-ulcer drugs and antacids, vitamins, haematinics and other supplements. Further in addition to above, the Company also has manufacturing and marketing capabilities in other drugs such as NSAIDS, Antihistaminic, Antidiabetics, Cardio Vascular Drugs, Diuretics, Anti-Epileptics, combination drug kits, syrups and cream & gel for various therapeutic segments.
The Company began its operations in 1994 with manufacturing and servicing of diuretics, anti-malarials, NSAIDS tablets, anti-reterovirals, anti-ulcer drugs and anti-acids tablets. Over the years the company has expanded its scale and scope of operations and currently the Company is engaged in manufacture of formulations for various medicines. As part of this expansion, in year 1999 & 2002, Company has a manufacturing facility for the manufacture of its products located in the State of Maharashtra at Palghar.. The plant is divided into two units, i.e. general formulations unit and beta-lactam unit; the beta lactam unit is further divided into two seg ...ments -Penicillin and Cephalosporins.
The Company has built a strong relationship with its customers for drug formulations. The clients include Indian as well as foreign pharmaceutical companies like Anphar Limited, Saad Medical, Manfes Pharmaceuticals & Chemical Industries, Award Global Company Limited, Directorate of Health Services (DHS, Maharashtra) to name a few. The Company also earns revenue from the sale of licenses such as FMS license, FPS license and MESI license.
In 2018-19, the Company purchased adjoining manufacturing unit with existing factory at Palghar.
In January 2018, the Company came up with a Public Issue of 10,99,200 Equity Shares by raising equity capital amounting to Rs 10.99 Crores.
FAQs on Medico Remedies Ltd
1. Can I buy Medico Remedies Ltd from PL Capital? ›
Yes, you can invest in Medico Remedies Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Medico Remedies Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Medico Remedies Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Medico Remedies Ltd pay dividends? ›
Medico Remedies Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Medico Remedies Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Medico Remedies Ltd. is ₹ 49.87 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Medico Remedies Ltd ? ›
The 52-week high and low of Medico Remedies Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
