Artemis Medicare Services Ltd.
•₹ 326.11.49%
2026-08-21
PROS
- Company has delivered good profit growth of 70.9% CAGR over last 5 years
- Latest quarter profit grew 45.0% YoY, showing strong momentum
- Company has delivered good sales growth of 21.4% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.64x)
- Operating margins have improved to 17.5% from 14.1%
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 (37.6%) trails the 5Y trend (70.9%)
- 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| 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 201 | 217 | 210 | 217 | 217 | 235 | 227 | 235 | 250 | 270 | 267 | 274 | 282 | |
| 174 | 184 | 179 | 181 | 181 | 193 | 190 | 199 | 209 | 220 | 223 | 224 | 245 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 2 | 2 | 2 | 4 | 8 | 9 | 12 | 7 | 8 | 7 | 8 | 5 |
| Interest | 6 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 6 | 6 |
| Depreciation | 9 | 9 | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 |
| 13 | 19 | 16 | 19 | 22 | 31 | 27 | 29 | 30 | 40 | 30 | 39 | 42 | |
| Tax % | 25.77% | 27.30% | 29.19% | 28.40% | 23.58% | 27.41% | 23.15% | 19.97% | 28.77% | 24.64% | 23.88% | 24.77% | 26.26% |
| Net Profit | 10 | 14 | 12 | 14 | 17 | 23 | 21 | 23 | 21 | 30 | 23 | 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
- 201
- 174
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 6
- Depreciation
- 9
- 13
- Tax %
- 25.77%
- Net Profit
- 10
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 217
- 184
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 7
- Depreciation
- 9
- 19
- Tax %
- 27.30%
- Net Profit
- 14
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 210
- 179
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 8
- Depreciation
- 10
- 16
- Tax %
- 29.19%
- Net Profit
- 12
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 217
- 181
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 8
- Depreciation
- 10
- 19
- Tax %
- 28.40%
- Net Profit
- 14
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 217
- 181
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 8
- Depreciation
- 10
- 22
- Tax %
- 23.58%
- Net Profit
- 17
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 235
- 193
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 8
- Depreciation
- 11
- 31
- Tax %
- 27.41%
- Net Profit
- 23
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 227
- 190
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 8
- Depreciation
- 11
- 27
- Tax %
- 23.15%
- Net Profit
- 21
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 235
- 199
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 8
- Depreciation
- 11
- 29
- Tax %
- 19.97%
- Net Profit
- 23
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 250
- 209
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 7
- Depreciation
- 11
- 30
- Tax %
- 28.77%
- Net Profit
- 21
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 270
- 220
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 7
- Depreciation
- 11
- 40
- Tax %
- 24.64%
- Net Profit
- 30
- 2
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 267
- 223
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 7
- Depreciation
- 12
- 30
- Tax %
- 23.88%
- Net Profit
- 23
- 1
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 274
- 224
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 6
- Depreciation
- 12
- 39
- 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
- 282
- 245
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 6
- Depreciation
- 12
- 42
- Tax %
- 26.26%
- Net Profit
- 31
- 0
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 459 | 503 | 547 | 563 | 402 | 545 | 714 | 845 | 913 | 1,060 | 1,093 | |
| 407 | 443 | 482 | 501 | 367 | 479 | 621 | 717 | 763 | 875 | 912 | |
| Operating Profit | 57 | 63 | 68 | 67 | 39 | 71 | 101 | 136 | 183 | 215 | — |
| OPM % | 12 | 13 | 12 | 12 | 10 | 13 | 14 | 16 | 20 | 20 | — |
| Other Income | 5 | 4 | 4 | 5 | 4 | 5 | 7 | 7 | 33 | 30 | 28 |
| Interest | 9 | 9 | 11 | 13 | 12 | 11 | 19 | 30 | 30 | 27 | 26 |
| Depreciation | 15 | 18 | 20 | 22 | 21 | 21 | 29 | 38 | 43 | 46 | 48 |
| 32 | 35 | 37 | 32 | 9 | 39 | 53 | 68 | 109 | 139 | 151 | |
| Tax % | 16 | 25 | 44 | 36 | 20 | 16 | 25 | 28 | 24 | 25 | 25 |
| Net Profit | 27 | 27 | 21 | 20 | 7 | 33 | 40 | 49 | 83 | 103 | 113 |
| EPS | 0 | 0 | 0 | 0 | 5 | 2 | 3 | 4 | 6 | 7 | — |
| Dividend Payout % | 0 | 0 | — | 0 | 0 | 0 | 15 | 12 | 7 | 7 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 1 | 0 | 2 | 1 | 2 | 3 | 4 | 6 | 7 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 1 | 0 | 2 | 1 | 2 | 3 | 4 | 6 | 7 | — |
Mar 2017
- 459
- 407
- Operating Profit
- 57
- OPM %
- 12
- Other Income
- 5
- Interest
- 9
- Depreciation
- 15
- 32
- Tax %
- 16
- Net Profit
- 27
- 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 2018
- 503
- 443
- Operating Profit
- 63
- OPM %
- 13
- Other Income
- 4
- Interest
- 9
- Depreciation
- 18
- 35
- Tax %
- 25
- Net Profit
- 27
- 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 2019
- 547
- 482
- Operating Profit
- 68
- OPM %
- 12
- Other Income
- 4
- Interest
- 11
- Depreciation
- 20
- 37
- Tax %
- 44
- Net Profit
- 21
- 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
- 563
- 501
- Operating Profit
- 67
- OPM %
- 12
- Other Income
- 5
- Interest
- 13
- Depreciation
- 22
- 32
- Tax %
- 36
- Net Profit
- 20
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2021
- 402
- 367
- Operating Profit
- 39
- OPM %
- 10
- Other Income
- 4
- Interest
- 12
- Depreciation
- 21
- 9
- Tax %
- 20
- Net Profit
- 7
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2022
- 545
- 479
- Operating Profit
- 71
- OPM %
- 13
- Other Income
- 5
- Interest
- 11
- Depreciation
- 21
- 39
- Tax %
- 16
- Net Profit
- 33
- 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
- 714
- 621
- Operating Profit
- 101
- OPM %
- 14
- Other Income
- 7
- Interest
- 19
- Depreciation
- 29
- 53
- Tax %
- 25
- Net Profit
- 40
- EPS
- 3
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2024
- 845
- 717
- Operating Profit
- 136
- OPM %
- 16
- Other Income
- 7
- Interest
- 30
- Depreciation
- 38
- 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
- 913
- 763
- Operating Profit
- 183
- OPM %
- 20
- Other Income
- 33
- Interest
- 30
- Depreciation
- 43
- 109
- Tax %
- 24
- Net Profit
- 83
- 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
- 1,060
- 875
- Operating Profit
- 215
- OPM %
- 20
- Other Income
- 30
- Interest
- 27
- Depreciation
- 46
- 139
- Tax %
- 25
- Net Profit
- 103
- 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
- 1,093
- 912
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 26
- Depreciation
- 48
- 151
- Tax %
- 25
- Net Profit
- 113
- 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:
- 10%
- 5 Years:
- 21%
- 3 Years:
- 14%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 17%
- 5 Years:
- 71%
- 3 Years:
- 38%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 57%
- 3 Years:
- 39%
- 1 Year:
- 34%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 13%
- 3 Years:
- 14%
- Last Year:
- 13%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 21 | 21 | 0 | 13 | 13 | 13 | 13 | 14 | 14 | 16 |
| 183 | 210 | 280 | 301 | 308 | 341 | 385 | 432 | 824 | 923 | |
| 28 | 38 | 60 | 32 | 19 | 20 | 26 | 0 | 5 | 0 | |
| Trade Payables | 62 | 67 | 74 | 74 | 56 | 58 | 83 | 89 | 97 | 96 |
| 129 | 115 | 140 | 161 | 201 | 282 | 400 | 444 | 444 | 468 | |
| Total Liabilities | 422 | 452 | 555 | 581 | 597 | 713 | 907 | 978 | 1,385 | 1,503 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 283 | 309 | 381 | 387 | 372 | 476 | 584 | 699 | 729 | 790 | |
| Capital Work in Progress | 27 | 43 | 49 | 56 | 81 | 62 | 95 | 33 | 39 | 32 |
| 0 | 0 | 0 | 2 | 4 | 6 | 12 | 15 | 15 | 15 | |
| 6 | 6 | 7 | 11 | 9 | 12 | 13 | 9 | 9 | 13 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 83 | 93 | 111 | |
| Cash & Bank | 10 | 12 | 12 | 15 | 29 | 27 | 48 | 58 | 393 | 206 |
| 96 | 82 | 105 | 111 | 102 | 131 | 156 | 80 | 107 | 335 | |
| Total Assets | 422 | 452 | 555 | 581 | 597 | 713 | 907 | 978 | 1,385 | 1,503 |
| Total Debt | 94 | 91 | 114 | 93 | 118 | 173 | 224 | 238 | 236 | 226 |
| Net Working Capital | -45 | -60 | -64 | -40 | -10 | -10 | -39 | -10 | 316 | 151 |
| Contingent Liabilities | 51 | 31 | 15 | 32 | 45 | 74 | 83 | 102 | 154 | 207 |
| Book Value per Share | 66.08 | 78.75 | 0.00 | 187.41 | 192.81 | 21.68 | 24.68 | 27.76 | 55.93 | 54.94 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 94 | 91 | 114 | 93 | 118 | 173 | 224 | 238 | 236 | 226 |
| Net Working Capital | -45 | -60 | -64 | -40 | -10 | -10 | -39 | -10 | 316 | 151 |
| Contingent Liabilities | 51 | 31 | 15 | 32 | 45 | 74 | 83 | 102 | 154 | 207 |
| Book Value per Share | 66.08 | 78.75 | 0.00 | 187.41 | 192.81 | 21.68 | 24.68 | 27.76 | 55.93 | 54.94 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 21
- 183
- 28
- Trade Payables
- 62
- 129
- Total Liabilities
- 422
- 283
- Capital Work in Progress
- 27
- 0
- 6
- 0
- Cash & Bank
- 10
- 96
- Total Assets
- 422
- Total Debt
- 94
- Net Working Capital
- -45
- Contingent Liabilities
- 51
- Book Value per Share
- 66.08
- Face Value
- 10.00
- Total Debt
- 94
- Net Working Capital
- -45
- Contingent Liabilities
- 51
- Book Value per Share
- 66.08
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 21
- 210
- 38
- Trade Payables
- 67
- 115
- Total Liabilities
- 452
- 309
- Capital Work in Progress
- 43
- 0
- 6
- 0
- Cash & Bank
- 12
- 82
- Total Assets
- 452
- Total Debt
- 91
- Net Working Capital
- -60
- Contingent Liabilities
- 31
- Book Value per Share
- 78.75
- Face Value
- 10.00
- Total Debt
- 91
- Net Working Capital
- -60
- Contingent Liabilities
- 31
- Book Value per Share
- 78.75
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 0
- 280
- 60
- Trade Payables
- 74
- 140
- Total Liabilities
- 555
- 381
- Capital Work in Progress
- 49
- 0
- 7
- 0
- Cash & Bank
- 12
- 105
- Total Assets
- 555
- Total Debt
- 114
- Net Working Capital
- -64
- Contingent Liabilities
- 15
- Book Value per Share
- 0.00
- Face Value
- 10.00
- Total Debt
- 114
- Net Working Capital
- -64
- Contingent Liabilities
- 15
- Book Value per Share
- 0.00
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 13
- 301
- 32
- Trade Payables
- 74
- 161
- Total Liabilities
- 581
- 387
- Capital Work in Progress
- 56
- 2
- 11
- 0
- Cash & Bank
- 15
- 111
- Total Assets
- 581
- Total Debt
- 93
- Net Working Capital
- -40
- Contingent Liabilities
- 32
- Book Value per Share
- 187.41
- Face Value
- 10.00
- Total Debt
- 93
- Net Working Capital
- -40
- Contingent Liabilities
- 32
- Book Value per Share
- 187.41
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 13
- 308
- 19
- Trade Payables
- 56
- 201
- Total Liabilities
- 597
- 372
- Capital Work in Progress
- 81
- 4
- 9
- 0
- Cash & Bank
- 29
- 102
- Total Assets
- 597
- Total Debt
- 118
- Net Working Capital
- -10
- Contingent Liabilities
- 45
- Book Value per Share
- 192.81
- Face Value
- 10.00
- Total Debt
- 118
- Net Working Capital
- -10
- Contingent Liabilities
- 45
- Book Value per Share
- 192.81
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 13
- 341
- 20
- Trade Payables
- 58
- 282
- Total Liabilities
- 713
- 476
- Capital Work in Progress
- 62
- 6
- 12
- 0
- Cash & Bank
- 27
- 131
- Total Assets
- 713
- Total Debt
- 173
- Net Working Capital
- -10
- Contingent Liabilities
- 74
- Book Value per Share
- 21.68
- Face Value
- 1.00
- Total Debt
- 173
- Net Working Capital
- -10
- Contingent Liabilities
- 74
- Book Value per Share
- 21.68
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 13
- 385
- 26
- Trade Payables
- 83
- 400
- Total Liabilities
- 907
- 584
- Capital Work in Progress
- 95
- 12
- 13
- 0
- Cash & Bank
- 48
- 156
- Total Assets
- 907
- Total Debt
- 224
- Net Working Capital
- -39
- Contingent Liabilities
- 83
- Book Value per Share
- 24.68
- Face Value
- 1.00
- Total Debt
- 224
- Net Working Capital
- -39
- Contingent Liabilities
- 83
- Book Value per Share
- 24.68
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 14
- 432
- 0
- Trade Payables
- 89
- 444
- Total Liabilities
- 978
- 699
- Capital Work in Progress
- 33
- 15
- 9
- 83
- Cash & Bank
- 58
- 80
- Total Assets
- 978
- Total Debt
- 238
- Net Working Capital
- -10
- Contingent Liabilities
- 102
- Book Value per Share
- 27.76
- Face Value
- 1.00
- Total Debt
- 238
- Net Working Capital
- -10
- Contingent Liabilities
- 102
- Book Value per Share
- 27.76
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 14
- 824
- 5
- Trade Payables
- 97
- 444
- Total Liabilities
- 1,385
- 729
- Capital Work in Progress
- 39
- 15
- 9
- 93
- Cash & Bank
- 393
- 107
- Total Assets
- 1,385
- Total Debt
- 236
- Net Working Capital
- 316
- Contingent Liabilities
- 154
- Book Value per Share
- 55.93
- Face Value
- 1.00
- Total Debt
- 236
- Net Working Capital
- 316
- Contingent Liabilities
- 154
- Book Value per Share
- 55.93
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 16
- 923
- 0
- Trade Payables
- 96
- 468
- Total Liabilities
- 1,503
- 790
- Capital Work in Progress
- 32
- 15
- 13
- 111
- Cash & Bank
- 206
- 335
- Total Assets
- 1,503
- Total Debt
- 226
- Net Working Capital
- 151
- Contingent Liabilities
- 207
- Book Value per Share
- 54.94
- Face Value
- 1.00
- Total Debt
- 226
- Net Working Capital
- 151
- Contingent Liabilities
- 207
- Book Value per Share
- 54.94
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 58 | 72 | 41 | 56 | 27 | 61 | 129 | 108 | 150 | 129 | |
| Cash from Investing | -74 | -67 | -50 | -22 | -34 | -106 | -153 | -90 | -396 | -96 |
| Cash from Financing | 19 | -10 | 14 | -33 | 13 | 44 | 30 | -26 | 274 | -41 |
| 3 | -4 | 5 | 2 | 6 | -2 | 7 | -8 | 28 | -8 | |
| Free Cash Flow | -16 | 72 | -58 | 23 | 0 | -43 | -37 | 29 | 89 | 36 |
| OCF / Net Profit | 2.14 | 2.69 | 1.96 | 2.77 | 3.82 | 1.86 | 3.26 | 2.19 | 1.80 | 1.25 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 21 | -6 | -115 | -28 | 38 | 74 |
| OCF / Net Profit | 2.14 | 2.69 | 1.96 | 2.77 | 3.82 | 1.86 | 3.26 | 2.19 | 1.80 | 1.25 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 21 | -6 | -115 | -28 | 38 | 74 |
Mar 2017
- 58
- Cash from Investing
- -74
- Cash from Financing
- 19
- 3
- Free Cash Flow
- -16
- OCF / Net Profit
- 2.14
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.14
- Cumulative 5-Year FCF
- 0
Mar 2018
- 72
- Cash from Investing
- -67
- Cash from Financing
- -10
- -4
- Free Cash Flow
- 72
- OCF / Net Profit
- 2.69
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.69
- Cumulative 5-Year FCF
- 0
Mar 2019
- 41
- Cash from Investing
- -50
- Cash from Financing
- 14
- 5
- Free Cash Flow
- -58
- OCF / Net Profit
- 1.96
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.96
- Cumulative 5-Year FCF
- 0
Mar 2020
- 56
- Cash from Investing
- -22
- Cash from Financing
- -33
- 2
- Free Cash Flow
- 23
- OCF / Net Profit
- 2.77
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.77
- Cumulative 5-Year FCF
- 0
Mar 2021
- 27
- Cash from Investing
- -34
- Cash from Financing
- 13
- 6
- Free Cash Flow
- 0
- OCF / Net Profit
- 3.82
- Cumulative 5-Year FCF
- 21
- OCF / Net Profit
- 3.82
- Cumulative 5-Year FCF
- 21
Mar 2022
- 61
- Cash from Investing
- -106
- Cash from Financing
- 44
- -2
- Free Cash Flow
- -43
- OCF / Net Profit
- 1.86
- Cumulative 5-Year FCF
- -6
- OCF / Net Profit
- 1.86
- Cumulative 5-Year FCF
- -6
Mar 2023
- 129
- Cash from Investing
- -153
- Cash from Financing
- 30
- 7
- Free Cash Flow
- -37
- OCF / Net Profit
- 3.26
- Cumulative 5-Year FCF
- -115
- OCF / Net Profit
- 3.26
- Cumulative 5-Year FCF
- -115
Mar 2024
- 108
- Cash from Investing
- -90
- Cash from Financing
- -26
- -8
- Free Cash Flow
- 29
- OCF / Net Profit
- 2.19
- Cumulative 5-Year FCF
- -28
- OCF / Net Profit
- 2.19
- Cumulative 5-Year FCF
- -28
Mar 2025
- 150
- Cash from Investing
- -396
- Cash from Financing
- 274
- 28
- Free Cash Flow
- 89
- OCF / Net Profit
- 1.80
- Cumulative 5-Year FCF
- 38
- OCF / Net Profit
- 1.80
- Cumulative 5-Year FCF
- 38
Mar 2026
- 129
- Cash from Investing
- -96
- Cash from Financing
- -41
- -8
- Free Cash Flow
- 36
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 74
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 74
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 12.87 | 12.73 | 0.00 | 15.43 | 5.35 | 2.46 | 2.96 | 3.62 | 6.07 | 6.53 |
| Book Value (₹) | 66.08 | 78.75 | 0.00 | 187.41 | 192.81 | 21.68 | 24.68 | 27.76 | 55.93 | 54.94 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.45 | 0.45 | 0.45 | 0.45 |
| Cash EPS (₹) | 2.01 | 2.15 | 0.00 | 3.23 | 2.10 | 4.05 | 5.16 | 6.42 | 9.19 | 9.46 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 12.42% | 12.61% | 12.46% | 11.86% | 9.60% | 13.04% | 14.13% | 15.19% | 16.41% | 17.46% |
| Net Margin % | 5.90% | 5.32% | 3.79% | 3.63% | 1.76% | 5.98% | 5.56% | 5.81% | 9.14% | 9.75% |
| ROE % | 22.15% | 17.57% | 10.88% | 8.83% | 2.82% | 12.02% | 12.85% | 13.88% | 14.56% | 12.62% |
| ROCE % | 20.59% | 18.36% | 16.05% | 13.02% | 5.93% | 11.89% | 13.87% | 16.48% | 17.13% | 15.74% |
| 7.06% | 6.12% | 4.11% | 3.60% | 1.20% | 4.97% | 4.90% | 5.21% | 7.06% | 7.16% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 45 | 42 | 45 | 50 | 59 | 41 | 39 | 36 | 35 | 35 |
| Inventory Days | 5 | 5 | 4 | 6 | 9 | 7 | 6 | 5 | 4 | 4 |
| Payable Days | 177 | 193 | 197 | 195 | 206 | 136 | 139 | 150 | 153 | 141 |
| -127 | -146 | -148 | -139 | -139 | -88 | -94 | -109 | -114 | -102 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.67x | 0.55x | 0.53x | 0.37x | 0.46x | 0.60x | 0.68x | 0.63x | 0.31x | 0.26x |
| Interest Coverage (x) | 4.44x | 4.75x | 4.37x | 3.56x | 1.73x | 4.48x | 3.84x | 3.30x | 4.58x | 6.15x |
| 0.66x | 0.59x | 0.64x | 0.74x | 0.91x | 0.92x | 0.80x | 0.94x | 2.52x | 1.64x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 14.24% | 9.54% | 8.70% | 3.03% | -28.60% | 35.50% | 31.12% | 18.32% | 8.05% | 16.12% |
| Operating Profit Growth % | 17.19% | 11.26% | 7.43% | -1.92% | -42.23% | 84.11% | 42.02% | 34.43% | 34.71% | 17.66% |
| Net Profit Growth % | 25.06% | -1.10% | -22.73% | -1.25% | -65.31% | 359.67% | 21.82% | 23.84% | 69.82% | 23.94% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 22.25% | 67.67% | 7.73% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 46.94x | 45.30x | 31.41x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.12x | 4.91x | 3.74x |
| Dividend Yield % | 0.00% | 0.00% | 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 | 0.00x | 0.00x | 18.33x | 19.83x | 15.20x |
Mar 2017
- EPS (₹)
- 12.87
- Book Value (₹)
- 66.08
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.01
- Operating Margin %
- 12.42%
- Net Margin %
- 5.90%
- ROE %
- 22.15%
- ROCE %
- 20.59%
- 7.06%
- Debtor Days
- 45
- Inventory Days
- 5
- Payable Days
- 177
- -127
- Debt to Equity (x)
- 0.67x
- Interest Coverage (x)
- 4.44x
- 0.66x
- Revenue Growth %
- 14.24%
- Operating Profit Growth %
- 17.19%
- Net Profit Growth %
- 25.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 12.73
- Book Value (₹)
- 78.75
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.15
- Operating Margin %
- 12.61%
- Net Margin %
- 5.32%
- ROE %
- 17.57%
- ROCE %
- 18.36%
- 6.12%
- Debtor Days
- 42
- Inventory Days
- 5
- Payable Days
- 193
- -146
- Debt to Equity (x)
- 0.55x
- Interest Coverage (x)
- 4.75x
- 0.59x
- Revenue Growth %
- 9.54%
- Operating Profit Growth %
- 11.26%
- Net Profit Growth %
- -1.10%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.00
- Book Value (₹)
- 0.00
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.00
- Operating Margin %
- 12.46%
- Net Margin %
- 3.79%
- ROE %
- 10.88%
- ROCE %
- 16.05%
- 4.11%
- Debtor Days
- 45
- Inventory Days
- 4
- Payable Days
- 197
- -148
- Debt to Equity (x)
- 0.53x
- Interest Coverage (x)
- 4.37x
- 0.64x
- Revenue Growth %
- 8.70%
- Operating Profit Growth %
- 7.43%
- Net Profit Growth %
- -22.73%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 15.43
- Book Value (₹)
- 187.41
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.23
- Operating Margin %
- 11.86%
- Net Margin %
- 3.63%
- ROE %
- 8.83%
- ROCE %
- 13.02%
- 3.60%
- Debtor Days
- 50
- Inventory Days
- 6
- Payable Days
- 195
- -139
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 3.56x
- 0.74x
- Revenue Growth %
- 3.03%
- Operating Profit Growth %
- -1.92%
- Net Profit Growth %
- -1.25%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 5.35
- Book Value (₹)
- 192.81
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.10
- Operating Margin %
- 9.60%
- Net Margin %
- 1.76%
- ROE %
- 2.82%
- ROCE %
- 5.93%
- 1.20%
- Debtor Days
- 59
- Inventory Days
- 9
- Payable Days
- 206
- -139
- Debt to Equity (x)
- 0.46x
- Interest Coverage (x)
- 1.73x
- 0.91x
- Revenue Growth %
- -28.60%
- Operating Profit Growth %
- -42.23%
- Net Profit Growth %
- -65.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 2.46
- Book Value (₹)
- 21.68
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.05
- Operating Margin %
- 13.04%
- Net Margin %
- 5.98%
- ROE %
- 12.02%
- ROCE %
- 11.89%
- 4.97%
- Debtor Days
- 41
- Inventory Days
- 7
- Payable Days
- 136
- -88
- Debt to Equity (x)
- 0.60x
- Interest Coverage (x)
- 4.48x
- 0.92x
- Revenue Growth %
- 35.50%
- Operating Profit Growth %
- 84.11%
- Net Profit Growth %
- 359.67%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 2.96
- Book Value (₹)
- 24.68
- Dividend per Share (₹)
- 0.45
- Cash EPS (₹)
- 5.16
- Operating Margin %
- 14.13%
- Net Margin %
- 5.56%
- ROE %
- 12.85%
- ROCE %
- 13.87%
- 4.90%
- Debtor Days
- 39
- Inventory Days
- 6
- Payable Days
- 139
- -94
- Debt to Equity (x)
- 0.68x
- Interest Coverage (x)
- 3.84x
- 0.80x
- Revenue Growth %
- 31.12%
- Operating Profit Growth %
- 42.02%
- Net Profit Growth %
- 21.82%
- 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 (₹)
- 27.76
- Dividend per Share (₹)
- 0.45
- Cash EPS (₹)
- 6.42
- Operating Margin %
- 15.19%
- Net Margin %
- 5.81%
- ROE %
- 13.88%
- ROCE %
- 16.48%
- 5.21%
- Debtor Days
- 36
- Inventory Days
- 5
- Payable Days
- 150
- -109
- Debt to Equity (x)
- 0.63x
- Interest Coverage (x)
- 3.30x
- 0.94x
- Revenue Growth %
- 18.32%
- Operating Profit Growth %
- 34.43%
- Net Profit Growth %
- 23.84%
- 22.25%
- P/E (x)
- 46.94x
- P/B (x)
- 6.12x
- Dividend Yield %
- 0.27%
- 18.33x
Mar 2025
- EPS (₹)
- 6.07
- Book Value (₹)
- 55.93
- Dividend per Share (₹)
- 0.45
- Cash EPS (₹)
- 9.19
- Operating Margin %
- 16.41%
- Net Margin %
- 9.14%
- ROE %
- 14.56%
- ROCE %
- 17.13%
- 7.06%
- Debtor Days
- 35
- Inventory Days
- 4
- Payable Days
- 153
- -114
- Debt to Equity (x)
- 0.31x
- Interest Coverage (x)
- 4.58x
- 2.52x
- Revenue Growth %
- 8.05%
- Operating Profit Growth %
- 34.71%
- Net Profit Growth %
- 69.82%
- 67.67%
- P/E (x)
- 45.30x
- P/B (x)
- 4.91x
- Dividend Yield %
- 0.16%
- 19.83x
Mar 2026
- EPS (₹)
- 6.53
- Book Value (₹)
- 54.94
- Dividend per Share (₹)
- 0.45
- Cash EPS (₹)
- 9.46
- Operating Margin %
- 17.46%
- Net Margin %
- 9.75%
- ROE %
- 12.62%
- ROCE %
- 15.74%
- 7.16%
- Debtor Days
- 35
- Inventory Days
- 4
- Payable Days
- 141
- -102
- Debt to Equity (x)
- 0.26x
- Interest Coverage (x)
- 6.15x
- 1.64x
- Revenue Growth %
- 16.12%
- Operating Profit Growth %
- 17.66%
- Net Profit Growth %
- 23.94%
- 7.73%
- P/E (x)
- 31.41x
- P/B (x)
- 3.74x
- Dividend Yield %
- 0.22%
- 15.20x
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
May 2026
Feb 2026