Hicks Thermometers India Limited, established on June 2, 1961, is a prominent manufacturer and supplier of medical and healthcare products in India. The company is registered at the Registrar of Companies in Kanpur and operates with an authorized share capital of ₹50,00,000 and a paid-up capital of ₹32,55,000. Company OverviewFounding and LegacyFounded by Late Shri V. P. Gupta, Hicks Thermometers has built a legacy of quality and reliability in the healthcare sector over more than five decades. The company aims to provide premium quality products that emphasize consistency and reliability, continuing the vision set forth by its founder24.Product PortfolioHicks Thermometers offers a diverse range of medical products, including:Thermometers: Glass and digital variantsBlood Pressure Monitors: Automatic and manual typesDiagnostic Products: Pregnancy test kits, malaria test kits, HIV test kitsMedical Disposables: Infusion sets, face masksRehabilitation Products: Cervical collars, abdominal beltsHome Care Products: Hot water bottles, electric heating belts123.The company also maintains a strong inventory to meet the growing demand for healthcare products, ensuring prompt delivery to clients
| P&L Statement | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenue | 58 | 69 | 91 | 45 |
| Cost of Material Consumed | 33 | 41 | 41 | 22 |
| Gross Margins | 43.1 | 40.58 | 54.95 | 51.11 |
| Change in Inventory | -1 | -5 | 3 | 2 |
| Employee Benefit Expenses | 3 | 4 | 6 | 5 |
| Other Expenses | 18 | 21 | 31 | 13 |
| EBITDA | 5 | 8 | 10 | 3 |
| OPM | 8.62 | 11.59 | 10.99 | 6.67 |
| Other Income | 0.5 | 0.5 | 0.1 | 0.8 |
| Finance Cost | 0 | 0 | 0 | 0.4 |
| D&A | 0 | 0 | 0 | 0.3 |
| EBIT | 5 | 8 | 10 | 2.7 |
| EBIT Margins | 8.62 | 11.59 | 10.99 | 6 |
| PBT | 4 | 7 | 10 | 3 |
| PBT Margins | 6.9 | 10.14 | 10.99 | 6.67 |
| Tax (2021) | 1 | 2 | 2 | 0.7 |
| PAT | 3 | 5 | 8 | 2.3 |
| NPM | 5.17 | 7.25 | 8.79 | 5.11 |
| EPS | 100 | 166.67 | 266.67 | 71.88 |
| Financial Ratios | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Operating Profit Margin | 8.62 | 11.59 | 10.99 | 6.67 |
| Net Profit Margin | 5.17 | 7.25 | 8.79 | 5.11 |
| Earning Per Share (Diluted) | 100 | 166.67 | 266.67 | 71.88 |
| Assets | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Fixed Assets | 2 | 1.6 | 2 | 2.6 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 1 | 2.4 |
| Trade Receivables | 5 | 6 | 7 | 7 |
| Inventory | 8 | 14 | 12 | 9 |
| Other Assets | 11 | 11.4 | 19 | 19 |
| Total Assets | 26 | 33 | 41 | 40 |
| Liabilities | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Share Capital | 0.3 | 0.3 | 0.3 | 0.32 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 17 | 22 | 29 | 32 |
| Borrowings | 3 | 4 | 4 | 4.5 |
| Trade Payables | 5 | 6 | 6 | 2.5 |
| Other Liabilities | 0.7 | 0.7 | 1.7 | 0.68 |
| Total Liabilities | 26 | 33 | 41 | 40 |
| Cash-Flow Statement | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| PBT | 4 | 7 | 10 | 3 |
| OPBWC | 5 | 8 | 10 | 3.25 |
| Change in Receivables | -0.2 | -0.7 | -0.6 | -0.34 |
| Change in Inventories | -0.8 | -5.4 | 2 | 2.6 |
| Change in Payables | 1.6 | 1 | 0.7 | -3.91 |
| Other Changes | -0.2 | 0.1 | -1 | 2 |
| Working Capital Change | 0.4 | -5 | 1.1 | 0.35 |
| Cash Generated From Operations | 5.4 | 3 | 11.1 | 3.6 |
| Tax | 0 | 0 | 0 | 0 |
| Cash Flow From Operations | 5.4 | 3 | 11.1 | 3.6 |
| Purchase of PPE | -0.07 | -0.3 | -0.9 | -0.68 |
| Sale of PPE | 0 | 0 | 0 | 0 |
| Cash Flow From Investment | -0.07 | 0 | -1.7 | -0.87 |
| Borrowing | -2 | 0.9 | -0.2 | 0.41 |
| Divided | 0 | 0 | 0 | 0 |
| Equity | 0 | 0 | 0 | 0 |
| Others From Financing | -1.6 | -2.5 | -3.4 | -1.55 |
| Cash Flow from Financing | -3.6 | -1.6 | -3.6 | -1.14 |
| Net Cash Generated | 1.73 | 1.4 | 5.8 | 1.59 |
| Cash at the Start | 7 | 8.8 | 10 | 16 |
| Cash at the End | 8.73 | 10.2 | 15.8 | 17.59 |
| Shareholding Pattern | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Hari Prakash Gupta | - | 26.51% | 26.51% | 26.51% |
| Siddharth Gupta | - | 24.64% | 28.23% | 28.23% |
| Hari Prakash Gupta | - | 7.99% | 7.99% | 7.99% |
| Kusum Gupta | - | 5.81% | 9.34% | 10.79% |
| Nikita Gupta | - | 8.54% | 6.35% | 6.35% |
| Others | - | 26.50% | 21.58% | 20.13% |
