Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 217 | 210 | 217 | 217 | 235 | 227 | 235 | 250 | 270 | 267 | 274 | 282 |
| Expenses | 184 | 179 | 181 | 181 | 193 | 190 | 199 | 209 | 220 | 223 | 224 | 227 |
| Operating Profit | 33 | 32 | 36 | 36 | 42 | 37 | 36 | 41 | 50 | 44 | 50 | 55 |
| OPM % | 15% | 15% | 17% | 16% | 18% | 16% | 15% | 16% | 19% | 16% | 18% | 20% |
| Other Income | 2 | 2 | 2 | 4 | 8 | 9 | 12 | 7 | 8 | 4 | 8 | 5 |
| Interest | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 6 | 6 |
| Depreciation | 9 | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 |
| Profit before tax | 19 | 16 | 19 | 22 | 31 | 27 | 29 | 30 | 40 | 30 | 39 | 42 |
| Tax % | 27% | 29% | 28% | 24% | 27% | 23% | 20% | 29% | 25% | 24% | 25% | 26% |
| Net Profit | 14 | 12 | 14 | 17 | 23 | 21 | 23 | 21 | 30 | 23 | 30 | 31 |
| EPS in Rs | 1.01 | 0.85 | 1.02 | 1.24 | 1.64 | 1.51 | 1.69 | 1.54 | 2.16 | 1.42 | 1.87 | 1.96 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 402 | 459 | 503 | 547 | 563 | 402 | 545 | 714 | 845 | 913 | 1,060 | 1,093 |
| Expenses | 359 | 406 | 442 | 480 | 501 | 367 | 477 | 620 | 717 | 763 | 875 | 893 |
| Operating Profit | 43 | 53 | 60 | 66 | 62 | 35 | 68 | 94 | 128 | 150 | 185 | 200 |
| OPM % | 11% | 11% | 12% | 12% | 11% | 9% | 12% | 13% | 15% | 16% | 17% | 18% |
| Other Income | 5 | 4 | 3 | 2 | 4 | 7 | 3 | 7 | 7 | 33 | 27 | 25 |
| Interest | 9 | 9 | 9 | 11 | 13 | 12 | 11 | 19 | 30 | 30 | 27 | 26 |
| Depreciation | 12 | 15 | 18 | 20 | 22 | 21 | 21 | 29 | 38 | 43 | 46 | 48 |
| Profit before tax | 27 | 32 | 35 | 37 | 32 | 9 | 39 | 53 | 68 | 109 | 139 | 151 |
| Tax % | 21% | 16% | 24% | 44% | 36% | 20% | 16% | 25% | 28% | 24% | 25% | |
| Net Profit | 22 | 27 | 27 | 21 | 20 | 7 | 33 | 40 | 49 | 83 | 103 | 113 |
| EPS in Rs | 1.03 | 1.29 | 1.27 | 0.98 | 1.54 | 0.54 | 2.46 | 2.96 | 3.62 | 6.07 | 6.53 | 7.41 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 15% | 12% | 7% | 7% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 10% | 21% | 14% | 15% | ||
| Compounded Profit Growth | 17% | 76% | 40% | 31% | ||
| Stock Price CAGR | % | 60% | 32% | 59% | ||
| Return on Equity | 10% | 12% | 12% | 12% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 21 | 21 | 21 | 0.00 | 13 | 13 | 13 | 13 | 14 | 14 | 16 |
| Reserves | 135 | 163 | 183 | 210 | 280 | 301 | 308 | 348 | 393 | 438 | 828 | 923 |
| Borrowings | 85 | 68 | 94 | 91 | 114 | 108 | 137 | 190 | 268 | 305 | 280 | 260 |
| Other Liabilities | 90 | 93 | 124 | 130 | 160 | 159 | 130 | 145 | 207 | 191 | 221 | 225 |
| Total Liabilities | 331 | 345 | 422 | 452 | 555 | 581 | 589 | 697 | 882 | 948 | 1,343 | 1,424 |
| Fixed Assets | 239 | 249 | 283 | 309 | 381 | 387 | 372 | 476 | 584 | 699 | 729 | 790 |
| CWIP | 0 | 1 | 27 | 43 | 49 | 56 | 81 | 64 | 95 | 33 | 40 | 33 |
| Investments | 0 | 0 | 0 | 0 | 0 | 2 | 4 | 6 | 12 | 15 | 15 | 15 |
| Other Assets | 91 | 94 | 112 | 100 | 124 | 137 | 132 | 152 | 192 | 200 | 559 | 585 |
| Total Assets | 331 | 345 | 422 | 452 | 555 | 581 | 589 | 697 | 882 | 948 | 1,343 | 1,424 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 53 | 20 | 58 | 72 | 41 | 56 | 27 | 61 | 129 | 108 | 150 | 129 |
| Cash from Investing Activity | -10 | -14 | -74 | -67 | -50 | -22 | -34 | -106 | -153 | -90 | -396 | -96 |
| Cash from Financing Activity | -35 | -24 | 19 | -10 | 14 | -33 | 12 | 44 | 30 | -26 | 274 | -41 |
| Net Cash Flow | 7 | -18 | 3 | -4 | 5 | 2 | 6 | -2 | 7 | -8 | 28 | -8 |
| Free Cash Flow | 37 | 4 | -17 | 11 | -17 | 37 | 2 | -45 | -5 | 36 | 57 | 25 |
| CFO/OP | 127% | 48% | 112% | 121% | 76% | 97% | 71% | 114% | 140% | 95% | 109% | 81% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 39 | 49 | 48 | 40 | 52 | 50 | 48 | 47 | 43 | 36 | 37 | 38 |
| Inventory Days | 26 | 21 | 19 | |||||||||
| Days Payable | 195 | 189 | 187 | |||||||||
| Cash Conversion Cycle | -129 | -120 | -120 | 40 | 52 | 50 | 48 | 47 | 43 | 36 | 37 | 38 |
| 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 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 68.03% | 68.03% | 68.03% | 67.51% | 67.17% | 67.17% | 67.17% | 66.53% | 66.53% | 58.38% | 58.39% | 58.39% |
| FIIs | 0.09% | 0.11% | 0.10% | 0.16% | 0.21% | 0.65% | 0.31% | 0.24% | 0.37% | 12.47% | 12.19% | 12.28% |
| DIIs | 1.51% | 1.96% | 2.61% | 3.45% | 3.60% | 4.51% | 5.04% | 4.76% | 4.27% | 2.91% | 2.89% | 2.40% |
| Government | 7.18% | 7.18% | 7.18% | 7.12% | 7.09% | 7.09% | 7.09% | 7.02% | 7.02% | 6.16% | 6.16% | 6.16% |
| Public | 23.18% | 22.72% | 22.08% | 21.76% | 21.93% | 20.59% | 20.39% | 21.45% | 21.81% | 20.07% | 20.37% | 20.76% |
| No. of Shareholders | 20,529 | 22,375 | 19,993 | 19,795 | 26,054 | 27,004 | 28,397 | 31,614 | 33,559 | 31,602 | 32,044 | 36,335 |
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.
| Period | ARTEMISMED | Nifty 50 | Difference |
|---|---|---|---|
| 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).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HSBC Focused Fund | 2.15% | 40 | -13% |
| Bandhan Small Cap Fund | 0.04% | 15 | -40% |
| JM ELSS-Tax Saver Fund | 1.49% | 4 | +100% |
| LIC MF Healthcare Fund | 2.88% | 3 | -17% |
| LIC MF Healthcare Fund | 2.88% | 3 | -17% |
| Bandhan BSE Healthcare Index Fund | 0.10% | 0 | -12% |
| LIC MF ULIS Regular Premium Uniform Cover Yrly 15Y | 0.00% | 0 | -100% |
| LIC MF Children’s Fund | 0.00% | 0 | -100% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | -10% |
Red flags
F-score 7 of 8| look | Share dilution Share count up 15% in a year, 18% in three |
| look | Auditor 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 2026Sales ₹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| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Apollo Hospitals Enterprise Ltd | 124,503 | 59.2 | 17.4 % |
| Manipal Health Enterprises Ltd | 98,357 | 111 | 12.1 % |
| Max Healthcare Institute Ltd | 95,589 | 63.8 | 14.7 % |
| Aster DM Quality Care Ltd | 63,976 | 177 | 11.6 % |
| Fortis Healthcare Ltd | 62,058 | 58.2 | 13.4 % |
| Global Health Ltd | 38,048 | 66.4 | 17.4 % |
| Narayana Hrudayalaya Ltd | 36,579 | 42.4 | 15.5 % |
| Krishna Institute of Medical Sciences Ltd | 32,336 | 155 | 9.50 % |
| Dr Agarwals Health Care Ltd | 15,701 | 106 | 10.9 % |
| Rainbow Childrens Medicare Ltd | 13,892 | 48.5 | 17.4 % |
| Park Medi World Ltd | 11,898 | 42.8 | 19.5 % |
| Yatharth Hospital & Trauma Care Services Ltd | 10,676 | 58.9 | 12.9 % |
| Healthcare Global Enterprises Ltd | 10,505 | 218 | 8.30 % |
| Jupiter Life Line Hospitals Ltd | 8,591 | 44.9 | 14.8 % |
| Kovai Medical Center & Hospital Ltd | 6,579 | 25.7 | 22.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-10 | Dividend - Re 0.45 Per Share | |
| 2025-07-11 | Dividend - Re 0.45 Per Share | |
| 2024-07-05 | Dividend - Rs 0.45 Per Share | |
| 2023-07-14 | Dividend - Re 0.45 Per Share | |
| 2021-09-23 | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share | 0.1000 |
| 2021-07-12 | Annual General Meeting | |
| 2020-09-15 | Annual General Meeting |
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.