Artemis Medicare Services Ltd.

•

₹ 326.11.49%

2026-08-21

artemishospitals.comBSE: 542919NSE: ARTEMISMED

Market Cap₹ 4,972 Cr.

Current Price₹ 321

High / Low₹ 326 / 203

Stock P/E43.7

Book Value₹ 57

Price to Book3.75

Dividend Yield0.14 %

ROCE15.8 %

ROE12.7 %

Face Value₹ 1

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ABOUT

KEY POINTS

PROS

Company has delivered good profit growth of 75.9% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 48.3% YoY, showing strong momentum
Company has delivered good sales growth of 21.5% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.69x)
Operating margins have improved to 17.4% from 13.7%

CONS

Promoter holding has decreased over last 2 years: -9.1pp
Equity base is being diluted - shares outstanding up 18.0%
Growth is decelerating - 3Y profit CAGR (39.7%) trails the 5Y trend (75.9%)
Though reporting repeated profits, the company pays out little dividend (6.9%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

HealthcareHealthcareHospital & Healthcare Services

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	APOLLOHOSP	8799.00	60.55	126516.12	0.23	610.40	38.41	7043.50	20.56	21.73	15.70
2.	MANIPALHOS	744.55	109.75	97936.41	0.00	—	—	—	—	13.93	—
3.	MAXHEALTH	996.45	66.57	96982.14	0.20	322.96	4.87	2366.17	16.70	14.97	25.29
4.	ASTERDM	800.70	219.01	69794.81	0.00	29.28	-68.70	1310.68	21.60	11.46	19.53
5.	FORTIS	910.80	65.62	68761.59	0.11	272.80	2.26	2545.03	17.46	14.07	21.28
6.	MEDANTA	1419.05	68.60	38154.25	0.04	157.25	-1.09	1304.05	26.50	20.50	21.99
7.	NH	1782.70	44.64	36431.40	0.25	207.27	5.37	2683.63	78.05	16.20	17.43
8.	KIMS	788.60	162.12	33121.71	0.00	37.40	-56.00	1179.50	35.33	11.51	19.03
9.	LALPATHLAB	1886.80	58.44	31669.72	1.09	1705.00	1172.39	7977.00	1090.95	29.56	31.03
10.	AGARWALEYE	499.70	106.77	15841.80	0.00	55.02	44.56	614.02	25.97	14.32	27.75
11.	VIJAYA	1489.70	81.84	15343.57	0.13	53.10	37.61	230.98	22.83	30.27	42.66
12.	ARTEMISMED	314.05	43.74	4971.61	0.14	31.44	48.33	287.32	12.69	15.83	19.64

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	210	225	219	225	223	241	232	240	255	275	272	279	287
	182	191	186	187	187	199	195	204	214	224	228	228	250
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	1	2	2	2	4	7	9	12	7	8	7	8	5
Interest	7	8	8	9	8	8	8	8	7	7	7	6	6
Depreciation	9	10	10	11	11	11	11	12	11	12	12	13	13
	13	19	16	20	22	31	27	29	30	39	30	40	43
Tax %	25.63%	27.98%	29.18%	29.30%	23.66%	27.56%	23.16%	20.03%	28.84%	23.79%	25.29%	24.77%	26.24%
Net Profit	0	0	0	0	17	22	21	23	21	30	22	30	31
	1	1	1	1	1	1	1	1	1	2	1	2	0
Equity Capital	14	14	14	14	14	14	14	14	14	14	16	16	16
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	14	14	14	14	14	14	14	14	14	14	16	16	16
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 210
: 182
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 7
Depreciation: 9
: 13
Tax %: 25.63%
Net Profit: 0
: 1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 225
: 191
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 8
Depreciation: 10
: 19
Tax %: 27.98%
Net Profit: 0
: 1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 219
: 186
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 8
Depreciation: 10
: 16
Tax %: 29.18%
Net Profit: 0
: 1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 225
: 187
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 9
Depreciation: 11
: 20
Tax %: 29.30%
Net Profit: 0
: 1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 223
: 187
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 8
Depreciation: 11
: 22
Tax %: 23.66%
Net Profit: 17
: 1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 241
: 199
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 8
Depreciation: 11
: 31
Tax %: 27.56%
Net Profit: 22
: 1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 232
: 195
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 8
Depreciation: 11
: 27
Tax %: 23.16%
Net Profit: 21
: 1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 240
: 204
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 8
Depreciation: 12
: 29
Tax %: 20.03%
Net Profit: 23
: 1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 255
: 214
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 7
Depreciation: 11
: 30
Tax %: 28.84%
Net Profit: 21
: 1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 275
: 224
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 7
Depreciation: 12
: 39
Tax %: 23.79%
Net Profit: 30
: 2
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 272
: 228
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 7
Depreciation: 12
: 30
Tax %: 25.29%
Net Profit: 22
: 1
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 279
: 228
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 6
Depreciation: 13
: 40
Tax %: 24.77%
Net Profit: 30
: 2
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 287
: 250
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 6
Depreciation: 13
: 43
Tax %: 26.24%
Net Profit: 31
: 0
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	547	565	408	555	737	879	937	1,081	1,114
	483	504	373	488	643	746	785	893	930
Operating Profit	68	66	39	71	101	140	185	218	—
OPM %	12	12	9	13	14	16	20	20	—
Other Income	4	5	4	5	7	7	33	30	28
Interest	11	13	13	12	20	31	32	28	27
Depreciation	20	23	22	22	31	40	45	48	50
	37	31	8	37	51	68	108	139	152
Tax %	45	36	18	16	25	28	24	25	25
Net Profit	20	19	6	31	38	49	82	104	114
EPS	0	0	5	2	3	4	6	7	—
Dividend Payout %	—	0	0	0	16	12	7	7	—
Minority Interest	0	0	0	0	1	-0	0	-0	0
Share of Associates	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	1	0	2	3	4	6	7	—
Minority Interest	0	0	0	0	1	-0	0	-0	0
Share of Associates	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	1	0	2	3	4	6	7	—

Mar 2019

: 547
: 483
Operating Profit: 68
OPM %: 12
Other Income: 4
Interest: 11
Depreciation: 20
: 37
Tax %: 45
Net Profit: 20
EPS: 0
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2020

: 565
: 504
Operating Profit: 66
OPM %: 12
Other Income: 5
Interest: 13
Depreciation: 23
: 31
Tax %: 36
Net Profit: 19
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2021

: 408
: 373
Operating Profit: 39
OPM %: 9
Other Income: 4
Interest: 13
Depreciation: 22
: 8
Tax %: 18
Net Profit: 6
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2022

: 555
: 488
Operating Profit: 71
OPM %: 13
Other Income: 5
Interest: 12
Depreciation: 22
: 37
Tax %: 16
Net Profit: 31
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2023

: 737
: 643
Operating Profit: 101
OPM %: 14
Other Income: 7
Interest: 20
Depreciation: 31
: 51
Tax %: 25
Net Profit: 38
EPS: 3
Dividend Payout %: 16
Minority Interest: 1
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 1
Share of Associates: 0
Adjusted EPS: 3

Mar 2024

: 879
: 746
Operating Profit: 140
OPM %: 16
Other Income: 7
Interest: 31
Depreciation: 40
: 68
Tax %: 28
Net Profit: 49
EPS: 4
Dividend Payout %: 12
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 4

Mar 2025

: 937
: 785
Operating Profit: 185
OPM %: 20
Other Income: 33
Interest: 32
Depreciation: 45
: 108
Tax %: 24
Net Profit: 82
EPS: 6
Dividend Payout %: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2026

: 1,081
: 893
Operating Profit: 218
OPM %: 20
Other Income: 30
Interest: 28
Depreciation: 48
: 139
Tax %: 25
Net Profit: 104
EPS: 7
Dividend Payout %: 7
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 7

TTM

: 1,114
: 930
Operating Profit: —
OPM %: —
Other Income: 28
Interest: 27
Depreciation: 50
: 152
Tax %: 25
Net Profit: 114
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 21%
3 Years:: 14%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 74%
3 Years:: 39%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 57%
3 Years:: 39%
1 Year:: 34%

RETURN ON EQUITY

10 Years:: —
5 Years:: 13%
3 Years:: 14%
Last Year:: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-
Equity Capital	0	13	13	13	13	14	14	16
	280	300	307	338	382	428	820	919
	60	32	20	22	28	0	5	0
Trade Payables	74	75	57	60	88	95	101	98
	140	166	212	292	419	466	459	474
Total Liabilities	554	586	609	726	930	1,002	1,399	1,508
ASSETS	-	-	-	-	-	-	-	-
	381	393	383	489	605	719	745	804
Capital Work in Progress	49	56	81	62	95	33	39	28
	7	11	10	12	14	10	10	13
	0	0	0	0	0	95	101	120
Cash & Bank	12	16	31	28	51	61	396	206
	105	111	104	135	165	83	109	336
Total Assets	554	586	609	726	930	1,002	1,399	1,508
Total Debt	114	98	127	184	242	254	246	227
Net Working Capital	-64	-40	-9	-11	-35	-5	319	156
Contingent Liabilities	8	22	35	63	65	86	145	206
Book Value per Share	0.00	186.78	191.73	21.51	24.43	27.52	55.63	54.69
Face Value	10.00	10.00	10.00	1.00	1.00	1.00	1.00	1.00
Total Debt	114	98	127	184	242	254	246	227
Net Working Capital	-64	-40	-9	-11	-35	-5	319	156
Contingent Liabilities	8	22	35	63	65	86	145	206
Book Value per Share	0.00	186.78	191.73	21.51	24.43	27.52	55.63	54.69
Face Value	10.00	10.00	10.00	1.00	1.00	1.00	1.00	1.00

Mar 2019

Equity Capital: 0
: 280
: 60
Trade Payables: 74
: 140
Total Liabilities: 554
: 381
Capital Work in Progress: 49
: 7
: 0
Cash & Bank: 12
: 105
Total Assets: 554
Total Debt: 114
Net Working Capital: -64
Contingent Liabilities: 8
Book Value per Share: 0.00
Face Value: 10.00
Total Debt: 114
Net Working Capital: -64
Contingent Liabilities: 8
Book Value per Share: 0.00
Face Value: 10.00

Mar 2020

Equity Capital: 13
: 300
: 32
Trade Payables: 75
: 166
Total Liabilities: 586
: 393
Capital Work in Progress: 56
: 11
: 0
Cash & Bank: 16
: 111
Total Assets: 586
Total Debt: 98
Net Working Capital: -40
Contingent Liabilities: 22
Book Value per Share: 186.78
Face Value: 10.00
Total Debt: 98
Net Working Capital: -40
Contingent Liabilities: 22
Book Value per Share: 186.78
Face Value: 10.00

Mar 2021

Equity Capital: 13
: 307
: 20
Trade Payables: 57
: 212
Total Liabilities: 609
: 383
Capital Work in Progress: 81
: 10
: 0
Cash & Bank: 31
: 104
Total Assets: 609
Total Debt: 127
Net Working Capital: -9
Contingent Liabilities: 35
Book Value per Share: 191.73
Face Value: 10.00
Total Debt: 127
Net Working Capital: -9
Contingent Liabilities: 35
Book Value per Share: 191.73
Face Value: 10.00

Mar 2022

Equity Capital: 13
: 338
: 22
Trade Payables: 60
: 292
Total Liabilities: 726
: 489
Capital Work in Progress: 62
: 12
: 0
Cash & Bank: 28
: 135
Total Assets: 726
Total Debt: 184
Net Working Capital: -11
Contingent Liabilities: 63
Book Value per Share: 21.51
Face Value: 1.00
Total Debt: 184
Net Working Capital: -11
Contingent Liabilities: 63
Book Value per Share: 21.51
Face Value: 1.00

Mar 2023

Equity Capital: 13
: 382
: 28
Trade Payables: 88
: 419
Total Liabilities: 930
: 605
Capital Work in Progress: 95
: 14
: 0
Cash & Bank: 51
: 165
Total Assets: 930
Total Debt: 242
Net Working Capital: -35
Contingent Liabilities: 65
Book Value per Share: 24.43
Face Value: 1.00
Total Debt: 242
Net Working Capital: -35
Contingent Liabilities: 65
Book Value per Share: 24.43
Face Value: 1.00

Mar 2024

Equity Capital: 14
: 428
: 0
Trade Payables: 95
: 466
Total Liabilities: 1,002
: 719
Capital Work in Progress: 33
: 10
: 95
Cash & Bank: 61
: 83
Total Assets: 1,002
Total Debt: 254
Net Working Capital: -5
Contingent Liabilities: 86
Book Value per Share: 27.52
Face Value: 1.00
Total Debt: 254
Net Working Capital: -5
Contingent Liabilities: 86
Book Value per Share: 27.52
Face Value: 1.00

Mar 2025

Equity Capital: 14
: 820
: 5
Trade Payables: 101
: 459
Total Liabilities: 1,399
: 745
Capital Work in Progress: 39
: 10
: 101
Cash & Bank: 396
: 109
Total Assets: 1,399
Total Debt: 246
Net Working Capital: 319
Contingent Liabilities: 145
Book Value per Share: 55.63
Face Value: 1.00
Total Debt: 246
Net Working Capital: 319
Contingent Liabilities: 145
Book Value per Share: 55.63
Face Value: 1.00

Mar 2026

Equity Capital: 16
: 919
: 0
Trade Payables: 98
: 474
Total Liabilities: 1,508
: 804
Capital Work in Progress: 28
: 13
: 120
Cash & Bank: 206
: 336
Total Assets: 1,508
Total Debt: 227
Net Working Capital: 156
Contingent Liabilities: 206
Book Value per Share: 54.69
Face Value: 1.00
Total Debt: 227
Net Working Capital: 156
Contingent Liabilities: 206
Book Value per Share: 54.69
Face Value: 1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	40	56	27	60	127	109	156	132
Cash from Investing	-50	-26	-37	-107	-158	-88	-393	-90
Cash from Financing	14	-27	18	44	38	-29	264	-50
	5	2	8	-3	7	-8	27	-8
Free Cash Flow	40	17	-7	-44	-53	30	98	43
OCF / Net Profit	1.98	2.88	4.43	1.90	3.35	2.21	1.89	1.27
Cumulative 5-Year FCF	0	0	0	0	0	-57	24	75
OCF / Net Profit	1.98	2.88	4.43	1.90	3.35	2.21	1.89	1.27
Cumulative 5-Year FCF	0	0	0	0	0	-57	24	75

Mar 2019

: 40
Cash from Investing: -50
Cash from Financing: 14
: 5
Free Cash Flow: 40
OCF / Net Profit: 1.98
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.98
Cumulative 5-Year FCF: 0

Mar 2020

: 56
Cash from Investing: -26
Cash from Financing: -27
: 2
Free Cash Flow: 17
OCF / Net Profit: 2.88
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.88
Cumulative 5-Year FCF: 0

Mar 2021

: 27
Cash from Investing: -37
Cash from Financing: 18
: 8
Free Cash Flow: -7
OCF / Net Profit: 4.43
Cumulative 5-Year FCF: 0
OCF / Net Profit: 4.43
Cumulative 5-Year FCF: 0

Mar 2022

: 60
Cash from Investing: -107
Cash from Financing: 44
: -3
Free Cash Flow: -44
OCF / Net Profit: 1.90
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.90
Cumulative 5-Year FCF: 0

Mar 2023

: 127
Cash from Investing: -158
Cash from Financing: 38
: 7
Free Cash Flow: -53
OCF / Net Profit: 3.35
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.35
Cumulative 5-Year FCF: 0

Mar 2024

: 109
Cash from Investing: -88
Cash from Financing: -29
: -8
Free Cash Flow: 30
OCF / Net Profit: 2.21
Cumulative 5-Year FCF: -57
OCF / Net Profit: 2.21
Cumulative 5-Year FCF: -57

Mar 2025

: 156
Cash from Investing: -393
Cash from Financing: 264
: 27
Free Cash Flow: 98
OCF / Net Profit: 1.89
Cumulative 5-Year FCF: 24
OCF / Net Profit: 1.89
Cumulative 5-Year FCF: 24

Mar 2026

: 132
Cash from Investing: -90
Cash from Financing: -50
: -8
Free Cash Flow: 43
OCF / Net Profit: 1.27
Cumulative 5-Year FCF: 75
OCF / Net Profit: 1.27
Cumulative 5-Year FCF: 75

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-
EPS (₹)	0.00	14.95	4.90	2.40	2.88	3.62	6.00	6.55
Book Value (₹)	0.00	186.78	191.73	21.51	24.43	27.52	55.63	54.69
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.45	0.45	0.45	0.45
Cash EPS (₹)	0.00	3.18	2.09	4.05	5.15	6.58	9.25	9.59
PROFITABILITY	-	-	-	-	-	-	-	-
Operating Margin %	12.41%	11.69%	9.48%	12.86%	13.74%	15.10%	16.20%	17.40%
Net Margin %	3.73%	3.44%	1.51%	5.66%	5.15%	5.59%	8.77%	9.59%
ROE %	9.50%	8.43%	2.46%	11.66%	12.41%	14.01%	14.43%	12.72%
ROCE %	13.96%	12.64%	5.63%	11.47%	13.34%	16.47%	16.93%	15.83%
	3.68%	3.41%	1.03%	4.71%	4.59%	5.09%	6.84%	7.14%
EFFICIENCY	-	-	-	-	-	-	-	-
Debtor Days	53	50	59	42	41	39	38	37
Inventory Days	5	6	9	7	7	5	4	4
Payable Days	206	195	207	138	142	152	157	143
	-149	-139	-139	-89	-94	-108	-115	-102
FINANCIAL HEALTH	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.53x	0.40x	0.50x	0.64x	0.74x	0.68x	0.32x	0.26x
Interest Coverage (x)	4.34x	3.39x	1.58x	4.11x	3.57x	3.19x	4.37x	6.03x
	0.64x	0.74x	0.92x	0.92x	0.83x	0.98x	2.48x	1.65x
GROWTH	-	-	-	-	-	-	-	-
Revenue Growth %	0.00%	3.39%	-27.72%	35.85%	32.92%	19.14%	6.64%	15.40%
Operating Profit Growth %	0.00%	-2.59%	-41.36%	84.20%	41.95%	38.28%	31.93%	17.98%
Net Profit Growth %	0.00%	-4.55%	-68.35%	409.76%	21.05%	29.29%	67.21%	26.21%
	0.00%	0.00%	0.00%	0.00%	0.00%	25.68%	66.01%	9.01%
VALUATION	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	46.95x	45.76x	31.36x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	6.17x	4.94x	3.75x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.16%	0.22%
	0.00x	0.00x	0.00x	0.00x	0.00x	17.84x	19.65x	15.00x

Mar 2019

EPS (₹): 0.00
Book Value (₹): 0.00
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.00
Operating Margin %: 12.41%
Net Margin %: 3.73%
ROE %: 9.50%
ROCE %: 13.96%
: 3.68%
Debtor Days: 53
Inventory Days: 5
Payable Days: 206
: -149
Debt to Equity (x): 0.53x
Interest Coverage (x): 4.34x
: 0.64x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 14.95
Book Value (₹): 186.78
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.18
Operating Margin %: 11.69%
Net Margin %: 3.44%
ROE %: 8.43%
ROCE %: 12.64%
: 3.41%
Debtor Days: 50
Inventory Days: 6
Payable Days: 195
: -139
Debt to Equity (x): 0.40x
Interest Coverage (x): 3.39x
: 0.74x
Revenue Growth %: 3.39%
Operating Profit Growth %: -2.59%
Net Profit Growth %: -4.55%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 4.90
Book Value (₹): 191.73
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.09
Operating Margin %: 9.48%
Net Margin %: 1.51%
ROE %: 2.46%
ROCE %: 5.63%
: 1.03%
Debtor Days: 59
Inventory Days: 9
Payable Days: 207
: -139
Debt to Equity (x): 0.50x
Interest Coverage (x): 1.58x
: 0.92x
Revenue Growth %: -27.72%
Operating Profit Growth %: -41.36%
Net Profit Growth %: -68.35%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 2.40
Book Value (₹): 21.51
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.05
Operating Margin %: 12.86%
Net Margin %: 5.66%
ROE %: 11.66%
ROCE %: 11.47%
: 4.71%
Debtor Days: 42
Inventory Days: 7
Payable Days: 138
: -89
Debt to Equity (x): 0.64x
Interest Coverage (x): 4.11x
: 0.92x
Revenue Growth %: 35.85%
Operating Profit Growth %: 84.20%
Net Profit Growth %: 409.76%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 2.88
Book Value (₹): 24.43
Dividend per Share (₹): 0.45
Cash EPS (₹): 5.15
Operating Margin %: 13.74%
Net Margin %: 5.15%
ROE %: 12.41%
ROCE %: 13.34%
: 4.59%
Debtor Days: 41
Inventory Days: 7
Payable Days: 142
: -94
Debt to Equity (x): 0.74x
Interest Coverage (x): 3.57x
: 0.83x
Revenue Growth %: 32.92%
Operating Profit Growth %: 41.95%
Net Profit Growth %: 21.05%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 3.62
Book Value (₹): 27.52
Dividend per Share (₹): 0.45
Cash EPS (₹): 6.58
Operating Margin %: 15.10%
Net Margin %: 5.59%
ROE %: 14.01%
ROCE %: 16.47%
: 5.09%
Debtor Days: 39
Inventory Days: 5
Payable Days: 152
: -108
Debt to Equity (x): 0.68x
Interest Coverage (x): 3.19x
: 0.98x
Revenue Growth %: 19.14%
Operating Profit Growth %: 38.28%
Net Profit Growth %: 29.29%
: 25.68%
P/E (x): 46.95x
P/B (x): 6.17x
Dividend Yield %: 0.27%
: 17.84x

Mar 2025

EPS (₹): 6.00
Book Value (₹): 55.63
Dividend per Share (₹): 0.45
Cash EPS (₹): 9.25
Operating Margin %: 16.20%
Net Margin %: 8.77%
ROE %: 14.43%
ROCE %: 16.93%
: 6.84%
Debtor Days: 38
Inventory Days: 4
Payable Days: 157
: -115
Debt to Equity (x): 0.32x
Interest Coverage (x): 4.37x
: 2.48x
Revenue Growth %: 6.64%
Operating Profit Growth %: 31.93%
Net Profit Growth %: 67.21%
: 66.01%
P/E (x): 45.76x
P/B (x): 4.94x
Dividend Yield %: 0.16%
: 19.65x

Mar 2026

EPS (₹): 6.55
Book Value (₹): 54.69
Dividend per Share (₹): 0.45
Cash EPS (₹): 9.59
Operating Margin %: 17.40%
Net Margin %: 9.59%
ROE %: 12.72%
ROCE %: 15.83%
: 7.14%
Debtor Days: 37
Inventory Days: 4
Payable Days: 143
: -102
Debt to Equity (x): 0.26x
Interest Coverage (x): 6.03x
: 1.65x
Revenue Growth %: 15.40%
Operating Profit Growth %: 17.98%
Net Profit Growth %: 26.21%
: 9.01%
P/E (x): 31.36x
P/B (x): 3.75x
Dividend Yield %: 0.22%
: 15.00x

Shareholding Pattern

Numbers in percentages

TRADES

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
67.51	67.17	67.17	67.17	66.53	66.53	58.39	58.39	58.39
0.16	0.21	0.65	0.31	0.24	0.37	12.47	12.19	12.29
3.45	3.60	4.50	5.04	4.76	4.27	2.91	2.89	2.40
7.12	7.09	7.09	7.09	7.02	7.02	6.16	6.16	6.16
21.76	21.92	20.60	20.39	21.46	21.81	20.08	20.37	20.76

Jun 2024

: 67.51
: 0.16
: 3.45
: 7.12
: 21.76

Sep 2024

: 67.17
: 0.21
: 3.60
: 7.09
: 21.92

Dec 2024

: 67.17
: 0.65
: 4.50
: 7.09
: 20.60

Mar 2025

: 67.17
: 0.31
: 5.04
: 7.09
: 20.39

Jun 2025

: 66.53
: 0.24
: 4.76
: 7.02
: 21.46

Sep 2025

: 66.53
: 0.37
: 4.27
: 7.02
: 21.81

Dec 2025

: 58.39
: 12.47
: 2.91
: 6.16
: 20.08

Mar 2026

: 58.39
: 12.19
: 2.89
: 6.16
: 20.37

Jun 2026

: 58.39
: 12.29
: 2.40
: 6.16
: 20.76

Documents

Announcements

Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-10 - Artemis Medicare Services Limited has informed the Exchange about Transcript of Earnings Conference Call - Q1 FY27
Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-10 - Artemis Medicare Services Limited has informed the Exchange about Analysts/ Institutional Investors' Conference - August 13, 2026

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
Transcript PPTREC
May 2026
Transcript PPTREC
Feb 2026
Transcript PPTREC