Evoq Remedies

BSE: EVOQ · Trading & Distributors

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Snapshot

Unlock Evoq Remedies's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Evoq Remedies Limited is an Ahmedabad-based pharmaceutical company specialising in the trading and distribution of diverse pharmaceutical formulations. The firm operates as a merchant exporter and intermediary, sourcing products from domestic manufacturers for supply to local and international markets.

Business Model

The company employs a lean business model focused on supply chain management and distribution logistics rather than direct manufacturing. It generates revenue by acting as an intermediary in the pharmaceutical value chain, facilitating the trade of tablets, capsules, and other dosage forms.

Management Commentary

Management emphasises the company's role as a strategic link in the pharmaceutical supply chain, prioritising the sourcing of quality products to meet market demand.

Growth Outlook

Growth is expected to be driven by the expansion of its distribution network and the leveraging of its merchant exporter status to capture demand in international pharmaceutical markets.

Key Risks

  • Supply Chain Dependency. The company relies heavily on third-party domestic manufacturers, making it vulnerable to supply disruptions or quality control issues.
  • Regulatory Risk. As a pharmaceutical distributor, the company is subject to stringent and evolving health regulations in both domestic and international markets.
  • Market Competition. The trading and distribution sector is highly fragmented, leading to intense price competition and potential margin compression.
  • Currency Fluctuation. As a merchant exporter, the company faces exposure to foreign exchange volatility which may impact the profitability of international transactions.

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Peers · Trading & Distributors

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Evoq RemediesEVOQ
₹4 Cr-5.7%-45.1%
Veritas (India)VERITAS
₹445 Cr8.637.06-24.1%3.9%1.9%2.7%-55.4%
Kothari ProductsKOTHARIPRO
₹407 Cr179.58-12.12-18.3%-5.1%-0.2%-2.3%-9.8%
Rotographics (India) LimitedRGIL
₹404 Cr94.62326.544987.7%3.0%12.6%17.2%
Polo Queen Industrial and Fintech LimitedPQIF
₹333 Cr141.7164.71-5.7%7.0%1.3%2.5%-79.1%
Constronics Infra Ltd.CONSTRONIC
₹61 Cr5.5%-24.7%

As of Mar 2026

Financials