---
title: "Modern Diagnostic & Research Centre Ltd (544673) — Share Price, Financials & Analysis"
symbol: "544673"
company: "Modern Diagnostic & Research Centre Ltd"
canonical: "https://tapetide.com/stocks/544673"
isin: "INE1HK501016"
nse_symbol: "MODERNDIAGNOSTICANDRESEARCHCENTRELTD"
bse_code: "544673"
sector: "Healthcare"
industry: "Healthcare Service Provider"
market_cap_cr: 98.13
generated_at: "2026-09-13T18:49:25.901Z"
---

# Modern Diagnostic & Research Centre Ltd (544673)

Canonical page: https://tapetide.com/stocks/544673

## Company

- **NSE Symbol:** MODERNDIAGNOSTICANDRESEARCHCENTRELTD
- **BSE Code:** 544673
- **ISIN:** INE1HK501016
- **Sector:** Healthcare
- **Industry:** Healthcare Service Provider
- **Macro Sector:** Healthcare
- **Stock Type:** EQUITY
- **Listed Since:** 2026-01-07
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mdrcindia.com

## About

Incorporated in 1985, Modern Diagnostic & Research Centre Limited (MDRC) is a diagnostic chain in India, offering a comprehensive range of pathology and radiology services.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:34:03.926365Z.

- **Market Cap:** ₹98.13 Cr
- **Classification:** SME
- **P/E (reported):** 0
- **Book Value:** ₹38.16
- **Price to Book:** 1.73
- **Dividend Yield:** 0%
- **ROE:** 43.27%
- **ROCE:** 44.8%
- **Debt to Equity:** 0.63
- **Revenue (yearly):** ₹83.11 Cr
- **Net Income:** ₹4.11 Cr
- **EBITDA:** ₹12.59 Cr
- **52-Week High:** ₹100
- **52-Week Low:** ₹45
- **RSI (14):** 70.79

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 31.0%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 73.14% | — | — |
| ebitda margin growth | -37.35% | -18.43% | 42.48% |
| net income growth | -54.33% | 43% | -374% |
| revenue growth | 5.47% | 14% | 6.52% |
| roce | 31.49% | -251.81% | 14.74% |
| roe | -12.2% | -1.19% | -145.02% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2026 |
| --- | --- |
| Sales | 39.92 |
| Expenses | 34.84 |
| Operating Profit | 5.08 |
| OPM % | 12.73 |
| Other Income | 0.41 |
| Interest | 1.46 |
| Depreciation | 2.83 |
| Profit before tax | 1.2 |
| Tax % | -73.33 |
| Net Profit | 2.08 |
| EPS in Rs | 1.38 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 60.21 | 56.28 | 67.13 | 77.95 | 83.11 |
| Expenses | 54.19 | 57.26 | 55.99 | 59.99 | 70.52 |
| Operating Profit | 6.02 | -0.98 | 11.14 | 17.96 | 12.59 |
| OPM % | 10 | -1.74 | 16.59 | 23.04 | 15.15 |
| Other Income | 0.35 | 0.32 | 1.46 | 0.86 | 1.03 |
| Interest | 1.57 | 1.41 | 1.81 | 1.91 | 2.44 |
| Depreciation | 3.66 | 3.87 | 3.92 | 4.19 | 5.19 |
| Profit before tax | 1.14 | -5.94 | 6.87 | 12.72 | 5.99 |
| Tax % | 227.19 | -3.54 | 15.57 | 29.48 | 12.19 |
| Net Profit | -1.45 | -5.73 | 5.79 | 8.97 | 5.25 |
| EPS in Rs | -14.5 | -57.3 | 57.9 | 8.15 | 3.48 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 1 | 11 | 15.1 |
| Reserves | 10.7 | 4.96 | 10.76 | 9.73 | 43.45 |
| Borrowings | 20.4 | 15.31 | 20.46 | 22.09 | 37.1 |
| Other Liabilities | 16.6 | 15.27 | 17.26 | 21.76 | 22.95 |
| Total Liabilities | 48.7 | 36.54 | 49.48 | 64.58 | 118.6 |
| Fixed Assets | 24.31 | 23.67 | 27.04 | 30.65 | 48.1 |
| CWIP | 0.75 | 0 | 3.6 | 8.95 | 10.18 |
| Investments | 5.29 | 0.11 | 0.21 | 0.23 | 16.97 |
| Other Assets | 18.35 | 12.76 | 18.63 | 24.75 | 43.35 |
| Total Assets | 48.7 | 36.54 | 49.48 | 64.58 | 118.6 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 3.64 | -0.12 | 7.93 | 13.73 | 3.82 |
| Cash from Investing Activity | -5.2 | 2.11 | -11.03 | -13.14 | -40.29 |
| Cash from Financing Activity | 4.5 | -6.47 | 3.36 | -0.22 | 45.08 |
| Net Cash Flow | 2.94 | -4.48 | 0.26 | 0.37 | 8.62 |
| Free Cash Flow | -1.49 | -3.27 | -3.04 | 0.58 | -19.88 |
| CFO/OP | 52 | 12 | 60 | 98 | 36 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 54.56 | 52.27 | 56.28 | 59.75 | 69.3 |
| Inventory Days | 25.9 | 40.62 | 61.45 | 95.47 | 119.58 |
| Days Payable | 172.38 | 170.83 | 177.12 | 160.28 | 196.43 |
| Cash Conversion Cycle | -91.92 | -77.94 | -59.39 | -5.06 | -7.55 |
| Working Capital Days | -43.95 | -58.82 | -34.74 | -41.53 | -43.87 |
| ROCE % | — | -17.24 | 32.75 | 38.99 | 12.18 |

## Shareholding Pattern

### Quarterly

| Category | Dec 1899 | Mar 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 72.85% | 100% | 100% | 72.85% |
| FIIs | 1.07% | 0% | 0% | 0.03% |
| DIIs | 11.8% | 0% | 0% | 15.48% |
| Government | 0% | 0% | 0% | 0% |
| Public | 12.82% | 0% | 0% | 4.75% |
| Others | 1.46% | 0% | 0% | 6.89% |
| No. of Shareholders | 641 | 7 | 7 | 282 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 4 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 55.11 | Buy |
| EMA (10) | 58.7 | Buy |
| SMA (20) | 53.02 | Buy |
| EMA (20) | 55.16 | Buy |
| SMA (50) | 51.93 | Buy |
| EMA (50) | 54.71 | Buy |
| SMA (100) | 58.84 | Buy |
| EMA (100) | 60.64 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 79.11 | Sell |
| MACD (12,26,9) | 3.18 | Buy |
| Stochastic (14,3,3) | 90.93 | Sell |
| ADX (14) | 17.88 | Neutral |
| Williams %R (14) | -2.82 | Sell |
| ATR (14) | 4.97 | High Volatility |
| ROC (12) | 51.12 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 73.79 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-06 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec4a5c5b-8488-4c0f-853a-8538e7d729db.pdf) |
| 2026-09-05 | [Revised Date In The Letter Attached For Intimation Of Record Date](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f854bf0-d833-4da0-91ff-37dd59fad450.pdf) |
| 2026-09-05 | [Revised Date In The Letter Attached For Intimation Of Book Closure](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b0eca20e-2b5d-4bfa-b1a8-dea324f24d75.pdf) |
| 2026-09-05 | [Revised Letter Attached In The Intimation For 14Th AGM Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=89954423-c717-4419-86fd-b0c92e241ce9.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb61ef81-5f0c-4563-a3a2-460cb4f86363.pdf) |
| 2026-09-03 | [Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 & 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b26e7454-cdad-42ce-a91a-b9c6008e5bcf.pdf) |
| 2026-09-03 | [Intimation Of Appointment Of Scrutinizer Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (LODR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=49a91639-880e-4cc6-949d-ba6d90ccd38c.pdf) |
| 2026-09-03 | [Intimation For Record Date](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d0b8bd1d-bbd7-48bc-9b22-aa68b9d081bd.pdf) |
| 2026-09-03 | [Intimation For The 14Th Annual General Meeting (AGM) And Book Closure](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ab50078-fb0b-49e8-aac0-a49a08bb84b6.pdf) |
| 2026-09-03 | [Intimation For The 14Th Annual General Meeting (AGM) And Book Closure](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1e51495-b2ec-4986-a08e-a6da6546211b.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-29 | [Financial Results For The Half Year And Year Ended 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=12fd2701-d989-49d5-af1d-b4491cbb8d32.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Mar - Board approved SPECT to SPECT-CT at Sector-40 Gurugram; vendor/location changes; Axis Bank loan transfer; bank accounts; contractual authorizations. | [Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 & 33 Of The SEBI (LODR) Regulations 2015 9 Mar - Board approved SPECT to SPECT-CT at Sector-40 Gurugram; vendor/location changes; Axis Bank loan transfer; bank accounts; contractual authorizations.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/785d00c0-75db-497b-9577-341bd2a3efc7.pdf) |
| 30 Mar - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results submission. | [Closure of Trading Window 30 Mar - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results submission.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/15fd75e0-c972-4bc3-86ed-d6caaa813096.pdf) |
| 16 Apr - Company clarified recent share price movement was market-driven, with no undisclosed information. | [Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015 16 Apr - Company clarified recent share price movement was market-driven, with no undisclosed information.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f0db147c-8286-47f9-a152-5fe8860c9cee.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 2 May](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8ca940ae-0c86-4f33-bdfc-5d2b4bec069e.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 2 May](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8ca940ae-0c86-4f33-bdfc-5d2b4bec069e.pdf) |
| — | [Board Meeting Intimation for Notice Is Hereby Given That Meeting Of The Board Of The Company Is Scheduled To Be Held On Monday 09Th Day Of March 2026 At 01:00 PM At 363/4 Jawahar Nagar New Railway Road Gurugram- 122001 28 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f64909f4-55ca-4d1d-ae3e-6b853e1d4e70.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_2734_SHREEASHTA_2011_2012_22102013155330.zip) |
| from bse | [Financial Year 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport//5327930313.pdf) |
| from bse | [Financial Year 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport//5327930311.pdf) |
| from bse | [Financial Year 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport//5327930910.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:49:25.901Z.