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Shareholding Info
  • Promoters
    63.24 %
  • Foreign institutions-FII
    0.07 %
  • Retail and other
    36.69 %

About Nureca Limited

Nureca Limited is one of India’s leading direct-to-consumer home healthcare and wellness companies. The company is primarily engaged in manufacturing of medical equipment and accessories. Nureca Limited offers a diverse range of over 150 products across various categories.

Nureca Limited has received USFDA approval, CE authorisation from the European Union and ISO certifications for all its products. Nureca Limited has over 104 patents. The company is recognised by the Pharmaceuticals Export Promotion Council of India (Pharmexcil), a government agency responsible for overseeing pharma exports.

Nureca Limited was incorporated in November 2016. The company was converted into a public limited company in July 2020. The company got listed on the stock exchanges in 2021.

Nureca Limited’s market capitalisation stood at over ₹360 crore as of January 24, 2024. Nureca Limited share price has plunged over 20% in the last one year.

Business and Operation

The Mumbai-headquartered company has spread its footprints across 22 states and Union Territories in India and 5 international locations. It has a strong network of over 120 distributors and more than 9000 retail outlets.

The company manages its operations in the United States through its subsidiary Nureca Inc, which is located in New York.

The leading brands of Nureca Limited include Dr Trust, Dr Physio and Trumom. Dr Trust is the flagship brand of Nureca Limited and was launched 13 years ago. Dr Trust is recognised for providing precise medical devices and advanced health monitoring solutions. Dr Physio covers all aspects of restorative well-being, non-intrusive pain management and holistic, full-body relaxation products. Trumom offers a wide variety of infant and mother care products.

Nureca Limited has developed more than 220 products over the years. It provides a solution for chronic disease management through its product range including connected products, nebulisers, BP monitors, finger pulse oximeters, glucometers and thermometers. Nureca Limited offer a range of orthopaedic products including massagers, pain management solutions through creams, gels and sprays and posture correctors. The company also manufactures and supplies rehabilitation products like walkers, wheelchairs, cervical aids and knee and leg supports. The lifestyle products offered by Nureca Limited include humidifiers and steamers, weighing scales, massagers, home-workout exercising gear like foam rollers, exercising wheels, yoga mats and fitness tracking gadgets. The company’s personal care product range includes adult diapers, beard oil, hair dryers, intimate hygiene products and oral irrigators.

The mother and baby care range of Nureca Limited includes baby feeding products like breast pumps, bottle sterilisers, carry cots, baby skincare products, bottle warmers and steamers. Nureca Limited provides a range of nutritional supplements and weight management solutions. The company offers a wide range of technologically advanced connected devices like portable Bluetooth ECG EKG electrocardiogram test machines, wearable fitness trackers, blood pressure monitors, glucometers and smart weighing scales.

Financial highlights

  • The company’s consolidated total income decreased to ₹118.42 crore in FY23 compared to ₹236.24 crore in FY22, plunging by 49.91% year-on-year.
  • Consolidated EBITDA (earnings before interest, taxes, depreciation, and amortisation) dropped 87.5% YoY to ₹7.9 crore in FY23 as against ₹63.2 crore in FY22.
  • The company reported a net loss of ₹8.25 crore in FY23 as against a net profit of ₹45 crore in FY22.
  • Its earnings per share (EPS) stood at ₹(-8.25) in FY compared to ₹44.96 in FY22.
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