Today, Hicks offers a portfolio of more than 50 medical products and has built a strong presence across India through an extensive distribution network of over 1,500 distributors.

Business Segments

Hicks operates through multiple divisions catering to different healthcare needs:

Thermometers & Diagnostic Devices:
The company is widely recognized for its thermometers, including digital and clinical variants. It also manufactures diagnostic equipment such as blood pressure monitors, weighing scales, pulse oximeters, and stethoscopes, serving both households and healthcare institutions.

Rehabilitation Products:
Hicks provides a variety of rehabilitation aids such as lumbar belts, cervical collars, knee supports, and abdominal belts, designed to assist patients in recovery and physical support.

Home Healthcare Products:
The company offers a range of products for at-home medical care, including nebulizers, hot water bottles, pregnancy test kits, adult diapers, and breast pumps, making healthcare more accessible for everyday use.

Medical Essentials:
Its product line also includes essential medical supplies like surgical blades, face masks, plaster of Paris, and surgeon caps, which are crucial for maintaining hygiene and basic medical care.

Financial Overview

The company’s financial performance has shown some fluctuations in recent years:

Revenue: Declined from ₹91 crore in 2022 to ₹45 crore in 2023, indicating a notable slowdown.
Gross Margins: Slightly reduced to 51.11% in 2023 from 54.95% in 2022, suggesting increased cost pressures.
Profit After Tax (PAT): Dropped from ₹8 crore to ₹2.3 crore, reflecting reduced profitability.
Earnings Per Share (EPS): Fell from ₹266.67 to ₹71.88, aligning with the decline in profits.
Total Assets: Remained relatively stable at ₹40 crore in 2023, showing consistent asset management despite revenue challenges.

Pros
Strong brand legacy with over a century of trust in the Indian healthcare market
Diverse product range catering to multiple healthcare segments
Wide distribution network ensuring strong market reach across the country
Cons
Heavy reliance on the domestic market, making it sensitive to local economic conditions
Limited global footprint, restricting international growth opportunities
Relatively narrow diversification, exposing the company to demand fluctuations in specific product categories