MarketFriction

Artemis Medicare Services Ltd

NSE ARTEMISMED · BSE 542919 · Hospital
₹336.40 -2.65%
NSE close2026-10-01
52 week range203.35 - 378.80
Market cap₹5,818 Cr.
P/E50.4
Price band 20% Delivery 49.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales217210217217235227235250270267274282
Expenses184179181181193190199209220223224227
Operating Profit333236364237364150445055
OPM %15%15%17%16%18%16%15%16%19%16%18%20%
Other Income2224891278485
Interest788888877766
Depreciation91010101111111111121212
Profit before tax191619223127293040303942
Tax %27%29%28%24%27%23%20%29%25%24%25%26%
Net Profit141214172321232130233031
EPS in Rs1.010.851.021.241.641.511.691.542.161.421.871.96
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4024595035475634025457148459131,0601,093
Expenses359406442480501367477620717763875893
Operating Profit4353606662356894128150185200
OPM %11%11%12%12%11%9%12%13%15%16%17%18%
Other Income543247377332725
Interest999111312111930302726
Depreciation121518202221212938434648
Profit before tax27323537329395368109139151
Tax %21%16%24%44%36%20%16%25%28%24%25%
Net Profit2227272120733404983103113
EPS in Rs1.031.291.270.981.540.542.462.963.626.076.537.41
Dividend Payout %0%0%0%0%0%0%0%15%12%7%7%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%21%14%15%
Compounded Profit Growth17%76%40%31%
Stock Price CAGR%60%32%59%
Return on Equity10%12%12%12%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital212121210.0013131313141416
Reserves135163183210280301308348393438828923
Borrowings85689491114108137190268305280260
Other Liabilities9093124130160159130145207191221225
Total Liabilities3313454224525555815896978829481,3431,424
Fixed Assets239249283309381387372476584699729790
CWIP0127434956816495334033
Investments0000024612151515
Other Assets9194112100124137132152192200559585
Total Assets3313454224525555815896978829481,3431,424
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5320587241562761129108150129
Cash from Investing Activity-10-14-74-67-50-22-34-106-153-90-396-96
Cash from Financing Activity-35-2419-1014-33124430-26274-41
Net Cash Flow7-183-4526-27-828-8
Free Cash Flow374-1711-17372-45-5365725
CFO/OP127%48%112%121%76%97%71%114%140%95%109%81%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days394948405250484743363738
Inventory Days262119
Days Payable195189187
Cash Conversion Cycle-129-120-120405250484743363738
Working Capital Days-59-31-44-53-51-36-36-25-45-29-31-19
ROCE %14%15%16%15%14%11%4%10%11%14%15%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters68.03%68.03%68.03%67.51%67.17%67.17%67.17%66.53%66.53%58.38%58.39%58.39%
FIIs0.09%0.11%0.10%0.16%0.21%0.65%0.31%0.24%0.37%12.47%12.19%12.28%
DIIs1.51%1.96%2.61%3.45%3.60%4.51%5.04%4.76%4.27%2.91%2.89%2.40%
Government7.18%7.18%7.18%7.12%7.09%7.09%7.09%7.02%7.02%6.16%6.16%6.16%
Public23.18%22.72%22.08%21.76%21.93%20.59%20.39%21.45%21.81%20.07%20.37%20.76%
No. of Shareholders20,52922,37519,99319,79526,05427,00428,39731,61433,55931,60232,04436,335

Fundamentals

Market Cap₹ 5,818 Cr.
Current Price₹ 367
Stock P/E50.4
Book Value₹ 59.3
ROCE14.5 %
ROE11.9 %
Dividend Yield0.12 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)31%
Standalone figures.
Valuation
Market capRs 5,325 Cr
Enterprise valueRs 5,380 Cr
P/E (TTM)47.10x
Price to book5.67x
Price to sales4.87x
EV / EBITDA23.91x
EV / EBIT30.40x
EV / sales4.92x
Price to cash flow41.34x
Earnings yield2.12%
Dividend yield0.13%
P/E, 3-year average41.16x
P/B, 3-year average4.35x
P/E, 5-year average33.02x
P/B, 5-year average3.39x
Profitability
Operating margin (excl. other income)17.46%
Operating margin (incl. other income)19.99%
EBITDA margin20.59%
Pre-tax margin13.79%
Net profit margin10.35%
Net margin, latest quarter11.01%
ROE11.62%
ROCE14.27%
ROA7.48%
ROE, 3-year average11.99%
ROCE, 3-year average14.26%
ROA, 3-year average6.71%
ROE, 5-year average11.17%
ROCE, 5-year average12.87%
ROA, 5-year average6.05%
ROIC (approx.)13.29%
Tax rate25.41%
Other income / net worth2.86%
Growth
Sales growth (latest year)16.12%
Profit growth (latest year)23.94%
Sales CAGR, 3 years14.08%
Sales CAGR, 5 years21.41%
Profit CAGR, 3 years37.62%
Profit CAGR, 5 years70.93%
Sales growth QoQ3.00%
Profit growth QoQ5.08%
Sales growth YoY (latest quarter)12.89%
Profit growth YoY (latest quarter)44.96%
Per share
EPS (TTM)Rs 7.14
EPS (latest year)Rs 6.53
EPS (latest quarter)Rs 1.96
EPS, 3-year averageRs 5.41
EPS, 5-year averageRs 4.33
Book value per shareRs 59.29
Sales per shareRs 69.02
Cash flow per shareRs 8.14
Free cash flow per shareRs 1.58
Dividend per share (latest year)Rs 0.45
Dividend per share, 3-year averageRs 0.45
Dividend per share, 5-year averageRs 0.45
Dividends
Dividend payout6.88%
Dividend payout, 3-year average8.92%
Dividend payout, 5-year average10.49%
Efficiency
Asset turnover0.74x
Fixed asset turnover1.34x
Inventory turnover51.30x
Inventory days7 days
Debtor days38 days
Debtors turnover9.52x
Creditor days187 days
Cash conversion cycle38 days
Working capital days-19 days
Leverage
Total debtRs 260 Cr
Cash and bankRs 206 Cr
Net debtRs 55 Cr
Debt to equity0.28x
Net debt / EBITDA0.24x
Interest coverage6.74x
Current ratio (filing 2026-03-31)1.73x
Quick ratio (filing 2026-03-31)1.67x
Trade payables (filing 2026-03-31)Rs 96 Cr
Owners' fund to total sources65.94%
Debt to assets18.29%
Cash flow
Cash from Operating Activity (latest year)Rs 129 Cr
Cash from Investing Activity (latest year)Rs -96 Cr
Cash from Financing Activity (latest year)Rs -41 Cr
Net Cash Flow (latest year)Rs -8 Cr
Free cash flow (latest year)Rs 25 Cr
FCFE (approx.: FCF + change in debt)Rs 5 Cr
Cash from ops / profit, 5 years1.87x
Sales to cash flow8.23x
Statement figures
Net sales (TTM)Rs 1,093 Cr
Net sales (latest year)Rs 1,060 Cr
Sales (latest quarter)Rs 282 Cr
Operating profit excl. other income (latest year)Rs 185 Cr
Operating profit (latest quarter)Rs 55 Cr
Other income (TTM)Rs 25 Cr
EBITDA (TTM)Rs 225 Cr
PBDT (TTM)Rs 199 Cr
Profit before tax (TTM)Rs 151 Cr
Tax (latest year)Rs 35 Cr
Net profit (TTM)Rs 113 Cr
Net profit (latest year)Rs 103 Cr
Net profit (latest quarter)Rs 31 Cr
Depreciation (TTM)Rs 48 Cr
Depreciation (latest quarter)Rs 12 Cr
Interest (TTM)Rs 26 Cr
Cost of goods sold (latest year)Rs 667 Cr
Total expenditure (latest year)Rs 875 Cr
Total income (latest year)Rs 1,087 Cr
Share capitalRs 16 Cr
ReservesRs 923 Cr
Shareholders' fundsRs 939 Cr
Total assetsRs 1,424 Cr
Net blockRs 790 Cr
Capital work in progressRs 33 Cr
InvestmentsRs 15 Cr
ReceivablesRs 111 Cr
InventoryRs 13 Cr
Other liabilitiesRs 225 Cr
Shares outstanding (crore)15.83
Ownership
Promoter holding58.39% (-8.14 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 47.1 is at the 51th percentile of its own 6.8-year range (median 45.3, low 10.5, high 105.9).
P/B 5.67 is at the 72th percentile (median 3.75).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodARTEMISMEDNifty 50Difference
1 week+1.1%-2.8% +3.9 pts
1 month+2.6%-6.8% +9.4 pts
3 months+29.5%-7.6% +37.1 pts
6 months+63.7%+0.4% +63.3 pts
1 year+39.8%-9.9% +49.7 pts
2 years+16.0%-13.6% +29.5 pts
3 years+112.1%+14.2% +97.9 pts
5 years+834.4%+27.9% +806.6 pts
9 mutual fund schemes hold about ₹64 Cr. Over three months 1 bought more and 8 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HSBC Focused Fund2.15%40 -13%
Bandhan Small Cap Fund0.04%15 -40%
JM ELSS-Tax Saver Fund1.49%4 +100%
LIC MF Healthcare Fund2.88%3 -17%
LIC MF Healthcare Fund2.88%3 -17%
Bandhan BSE Healthcare Index Fund0.10%0 -12%
LIC MF ULIS Regular Premium Uniform Cover Yrly 15Y0.00%0 -100%
LIC MF Children’s Fund0.00%0 -100%
Motilal Oswal BSE 1000 Index Fund0.01%0 -10%

Red flags

F-score 7 of 8
lookShare dilution Share count up 15% in a year, 18% in three
lookAuditor change Auditor change 2026-07-31: Artemis Medicare Services Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹282 Cr +12.8% vs Jun 2025. Net profit ₹31 Cr +47.6%.
Against our estimate for Jun 2026: sales -3.7%, profit +8.2% beat. Our estimate for Sep 2026: sales Rs 310 Cr, profit Rs 34 Cr (how).

Activity

Compare
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-10Dividend - Re 0.45 Per Share
2025-07-11Dividend - Re 0.45 Per Share
2024-07-05Dividend - Rs 0.45 Per Share
2023-07-14Dividend - Re 0.45 Per Share
2021-09-23 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2021-07-12 Annual General Meeting
2020-09-15 Annual General Meeting
DateTypeWhat it says
2026-09-29LitigationArtemis Medicare Services Limited has submitted to the Exchange a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requi...
2026-09-29LitigationArtemis Medicare Services Limited has submitted to the Exchange a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requi...
2026-09-24Credit RatingCredit Rating
2026-09-08Concall / analyst meetAnalysts/ Institutional Investors Conference - September 22, 2026
2026-08-27Concall / analyst meetAnalysts/ Institutional Investors Conference - September 3, 2026
2026-08-10Concall / analyst meetTranscript of Earnings Conference Call - Q1 FY27
2026-08-10Concall / analyst meetAnalysts/ Institutional Investors Conference - August 13, 2026
2026-08-04Concall / analyst meetAudio Recording of Earnings Conference Call - Q1 FY27
2026-08-03Monitoring Agency ReportMonitoring Agency Report for the quarter ended June 30, 2026
2026-08-03Press ReleaseA press release dated August 03, 2026, titled "Artemis Consolidated Revenue from Operations up 12.7% in Q1 FY27 (YoY); EBITDA up 27.9%; Profit up 48...
2026-08-03Investor PresentationInvestor Presentation
2026-08-03Capacity additionProposed capacity expansion by adding 200+ beds through Tower IV in the Company s flagship Hospital located at Sector-51, Gurugram
2026-08-03Board meeting outcomeArtemis Medicare Services Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-03Director changeChange in Director(s) of the company.
2026-07-31Change in AuditorsChange in Auditors of the company.
2026-07-31Director changeChange in Director(s) of the company.
2026-07-31Shareholder meetingVoting results.
2026-07-31Shareholder meetingArtemis Medicare Services Limited has submitted to the Exchange the proceedings of the 22nd Annual General Meeting held on July 31, 2026
2026-07-29Concall / analyst meetSchedule of Earnings Conference Call - Q1 FY27
2026-07-20Shareholder meetingArtemis Medicare Services Limited has submitted the Exchange Voting Results of Postal Ballot and Scrutinizers Report
2026-07-09Commencement of commercial pCommencement of Operations of Artemis Shanti Hospital, Raipur
2026-07-07General UpdatesLetter to shareholders containing weblink of Annual Report for the financial year 2025-26
2026-07-07UpdatesBusiness Responsibility and Sustainability Report for the financial year ended March 31, 2026.
2026-07-07Shareholder meetingNotice of Annual General Meeting to be held on July 31, 2026
2026-07-04General UpdatesReminder letter to holders of physical securities for furnishing of KYC details.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Artemis Medicare Services Ltd?

Artemis Medicare Services Ltd (ARTEMISMED) has a market capitalisation of Rs 5,818 Cr. at the 2026-10-01 close.

What is the P/E ratio of Artemis Medicare Services Ltd?

Artemis Medicare Services Ltd trades at a P/E of 50.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Artemis Medicare Services Ltd's latest quarterly results?

In the Jun 2026 quarter, Artemis Medicare Services Ltd sales was Rs 282 Cr (+12.8% vs Jun 2025) and net profit was Rs 31 Cr.

What is the 52-week high and low of Artemis Medicare Services Ltd?

The 52-week high is Rs 378.80 and the 52-week low is Rs 203.35.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03