Chandan Healthcare Ltd.
•₹ 230.85-2.02%
2026-08-21
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.2%
- Company has a healthy return on capital (ROCE) of 28.3%
- Operating margins have improved to 18.0% from 2.2%
- Company comfortably covers its interest (8.0x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.54x)
- Working capital days have increased from 7 to 85 days
- Equity base is being diluted - shares outstanding up 22.3%
- Total debt has risen sharply - up 34.1% year on year
* 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. | CHANDAN | 240.00 | 21.69 | 586.85 | 0.00 | 7.01 | 51.59 | 75.58 | 38.31 | 29.57 | 14.63 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2024 | Mar 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|
| 55 | 63 | 65 | 76 | |
| 46 | 52 | 53 | 63 | |
| Operating Profit | — | — | — | — |
| OPM % | — | — | — | — |
| Other Income | 0 | 2 | 1 | 2 |
| Interest | 1 | 1 | 1 | 2 |
| Depreciation | 1 | 3 | 2 | 2 |
| 7 | 9 | 7 | 9 | |
| Tax % | 30.21% | 29.56% | 24.81% | 24.68% |
| Net Profit | 0 | 0 | 5 | 7 |
| 2 | 3 | 2 | 3 | |
| Equity Capital | 20 | 24 | 24 | 24 |
| Reserves | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 20 | 24 | 24 | 24 |
| Reserves | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% |
Dec 2024
- 55
- 46
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 7
- Tax %
- 30.21%
- Net Profit
- 0
- 2
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 63
- 52
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 3
- 9
- Tax %
- 29.56%
- Net Profit
- 0
- 3
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 65
- 53
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 7
- Tax %
- 24.81%
- Net Profit
- 5
- 2
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 76
- 63
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 2
- 9
- Tax %
- 24.68%
- Net Profit
- 7
- 3
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 120 | 137 | 177 | 230 | 258 | |
| 117 | 128 | 150 | 189 | 214 | |
| Operating Profit | 3 | 10 | 28 | 43 | — |
| OPM % | 2 | 7 | 16 | 19 | — |
| Other Income | 0 | 0 | 1 | 2 | 5 |
| Interest | 2 | 2 | 3 | 5 | 5 |
| Depreciation | 2 | 2 | 3 | 7 | 9 |
| -1 | 5 | 21 | 32 | 31 | |
| Tax % | -3 | 28 | 24 | 27 | 27 |
| Net Profit | -1 | 4 | 16 | 24 | 23 |
| EPS | -1 | 2 | 8 | 9 | — |
| Dividend Payout % | -31 | 59 | 18 | 0 | — |
| Minority Interest | -2 | -0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | -0 | -1 | 0 |
| Adjusted EPS | -2 | 2 | 8 | 9 | — |
| Minority Interest | -2 | -0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | -0 | -1 | 0 |
| Adjusted EPS | -2 | 2 | 8 | 9 | — |
Mar 2022
- 120
- 117
- Operating Profit
- 3
- OPM %
- 2
- Other Income
- 0
- Interest
- 2
- Depreciation
- 2
- -1
- Tax %
- -3
- Net Profit
- -1
- EPS
- -1
- Dividend Payout %
- -31
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2023
- 137
- 128
- Operating Profit
- 10
- OPM %
- 7
- Other Income
- 0
- Interest
- 2
- Depreciation
- 2
- 5
- Tax %
- 28
- Net Profit
- 4
- EPS
- 2
- Dividend Payout %
- 59
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2024
- 177
- 150
- Operating Profit
- 28
- OPM %
- 16
- Other Income
- 1
- Interest
- 3
- Depreciation
- 3
- 21
- Tax %
- 24
- Net Profit
- 16
- EPS
- 8
- Dividend Payout %
- 18
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- 8
Mar 2025
- 230
- 189
- Operating Profit
- 43
- OPM %
- 19
- Other Income
- 2
- Interest
- 5
- Depreciation
- 7
- 32
- Tax %
- 27
- Net Profit
- 24
- EPS
- 9
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- -1
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- -1
- Adjusted EPS
- 9
TTM
- 258
- 214
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 5
- Depreciation
- 9
- 31
- Tax %
- 27
- Net Profit
- 23
- 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:
- —
- 3 Years:
- 24%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -8%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 30%
- Last Year:
- 29%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| LIABILITIES | - | - | - | - |
| Equity Capital | 20 | 20 | 20 | 24 |
| 4 | 7 | 21 | 98 | |
| 6 | 11 | 18 | 19 | |
| Trade Payables | 27 | 35 | 20 | 26 |
| 25 | 25 | 40 | 44 | |
| Total Liabilities | 82 | 98 | 118 | 211 |
| ASSETS | - | - | - | - |
| 29 | 33 | 48 | 76 | |
| Capital Work in Progress | 0 | 0 | 0 | 4 |
| 6 | 7 | 3 | 1 | |
| 7 | 10 | 18 | 31 | |
| 0 | 0 | 29 | 47 | |
| Cash & Bank | 2 | 2 | 4 | 6 |
| 38 | 46 | 15 | 45 | |
| Total Assets | 82 | 98 | 118 | 211 |
| Total Debt | 17 | 21 | 36 | 48 |
| Net Working Capital | -2 | -3 | 4 | 53 |
| Contingent Liabilities | 3 | 13 | 17 | 17 |
| Book Value per Share | 11.97 | 13.65 | 20.58 | 50.14 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 17 | 21 | 36 | 48 |
| Net Working Capital | -2 | -3 | 4 | 53 |
| Contingent Liabilities | 3 | 13 | 17 | 17 |
| Book Value per Share | 11.97 | 13.65 | 20.58 | 50.14 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2022
- Equity Capital
- 20
- 4
- 6
- Trade Payables
- 27
- 25
- Total Liabilities
- 82
- 29
- Capital Work in Progress
- 0
- 6
- 7
- 0
- Cash & Bank
- 2
- 38
- Total Assets
- 82
- Total Debt
- 17
- Net Working Capital
- -2
- Contingent Liabilities
- 3
- Book Value per Share
- 11.97
- Face Value
- 10.00
- Total Debt
- 17
- Net Working Capital
- -2
- Contingent Liabilities
- 3
- Book Value per Share
- 11.97
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 20
- 7
- 11
- Trade Payables
- 35
- 25
- Total Liabilities
- 98
- 33
- Capital Work in Progress
- 0
- 7
- 10
- 0
- Cash & Bank
- 2
- 46
- Total Assets
- 98
- Total Debt
- 21
- Net Working Capital
- -3
- Contingent Liabilities
- 13
- Book Value per Share
- 13.65
- Face Value
- 10.00
- Total Debt
- 21
- Net Working Capital
- -3
- Contingent Liabilities
- 13
- Book Value per Share
- 13.65
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 20
- 21
- 18
- Trade Payables
- 20
- 40
- Total Liabilities
- 118
- 48
- Capital Work in Progress
- 0
- 3
- 18
- 29
- Cash & Bank
- 4
- 15
- Total Assets
- 118
- Total Debt
- 36
- Net Working Capital
- 4
- Contingent Liabilities
- 17
- Book Value per Share
- 20.58
- Face Value
- 10.00
- Total Debt
- 36
- Net Working Capital
- 4
- Contingent Liabilities
- 17
- Book Value per Share
- 20.58
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 24
- 98
- 19
- Trade Payables
- 26
- 44
- Total Liabilities
- 211
- 76
- Capital Work in Progress
- 4
- 1
- 31
- 47
- Cash & Bank
- 6
- 45
- Total Assets
- 211
- Total Debt
- 48
- Net Working Capital
- 53
- Contingent Liabilities
- 17
- Book Value per Share
- 50.14
- Face Value
- 10.00
- Total Debt
- 48
- Net Working Capital
- 53
- Contingent Liabilities
- 17
- Book Value per Share
- 50.14
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 6 | 4 | 1 | -29 | |
| Cash from Investing | -11 | -6 | -15 | -36 |
| Cash from Financing | 3 | 2 | 16 | 67 |
| -1 | 0 | 2 | 2 | |
| Free Cash Flow | 6 | -1 | -18 | -68 |
| OCF / Net Profit | -5.58 | 1.25 | 0.07 | -1.24 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 |
| OCF / Net Profit | -5.58 | 1.25 | 0.07 | -1.24 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 |
Mar 2022
- 6
- Cash from Investing
- -11
- Cash from Financing
- 3
- -1
- Free Cash Flow
- 6
- OCF / Net Profit
- -5.58
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -5.58
- Cumulative 5-Year FCF
- 0
Mar 2023
- 4
- Cash from Investing
- -6
- Cash from Financing
- 2
- 0
- Free Cash Flow
- -1
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 0
Mar 2024
- 1
- Cash from Investing
- -15
- Cash from Financing
- 16
- 2
- Free Cash Flow
- -18
- OCF / Net Profit
- 0.07
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.07
- Cumulative 5-Year FCF
- 0
Mar 2025
- -29
- Cash from Investing
- -36
- Cash from Financing
- 67
- 2
- Free Cash Flow
- -68
- OCF / Net Profit
- -1.24
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.24
- Cumulative 5-Year FCF
- 0
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| PER SHARE | - | - | - | - |
| EPS (₹) | -1.59 | 1.68 | 8.14 | 9.07 |
| Book Value (₹) | 11.97 | 13.65 | 20.58 | 50.14 |
| Dividend per Share (₹) | 0.50 | 1.00 | 1.50 | 0.00 |
| Cash EPS (₹) | 0.43 | 2.84 | 9.88 | 12.38 |
| PROFITABILITY | - | - | - | - |
| Operating Margin % | 2.18% | 6.95% | 14.95% | 17.96% |
| Net Margin % | -0.91% | 2.62% | 9.26% | 10.22% |
| ROE % | -4.57% | 14.00% | 47.78% | 28.72% |
| ROCE % | 1.59% | 16.67% | 38.52% | 29.57% |
| -1.34% | 3.99% | 15.13% | 14.31% | |
| EFFICIENCY | - | - | - | - |
| Debtor Days | 88 | 70 | 54 | 60 |
| Inventory Days | 20 | 22 | 29 | 39 |
| Payable Days | 185 | 221 | 142 | 90 |
| -77 | -129 | -59 | 9 | |
| FINANCIAL HEALTH | - | - | - | - |
| Debt to Equity (x) | 0.69x | 0.78x | 0.87x | 0.39x |
| Interest Coverage (x) | 0.38x | 3.07x | 8.80x | 8.01x |
| 0.96x | 0.95x | 1.06x | 1.94x | |
| GROWTH | - | - | - | - |
| Revenue Growth % | 0.00% | 14.49% | 29.00% | 30.31% |
| Operating Profit Growth % | 0.00% | 265.22% | 190.10% | 57.09% |
| Net Profit Growth % | 0.00% | 428.27% | 356.06% | 43.77% |
| 0.00% | 0.00% | 383.28% | 11.41% | |
| VALUATION | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 19.96x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 3.61x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 1.88x | 11.17x |
Mar 2022
- EPS (₹)
- -1.59
- Book Value (₹)
- 11.97
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 0.43
- Operating Margin %
- 2.18%
- Net Margin %
- -0.91%
- ROE %
- -4.57%
- ROCE %
- 1.59%
- -1.34%
- Debtor Days
- 88
- Inventory Days
- 20
- Payable Days
- 185
- -77
- Debt to Equity (x)
- 0.69x
- Interest Coverage (x)
- 0.38x
- 0.96x
- 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 2023
- EPS (₹)
- 1.68
- Book Value (₹)
- 13.65
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 2.84
- Operating Margin %
- 6.95%
- Net Margin %
- 2.62%
- ROE %
- 14.00%
- ROCE %
- 16.67%
- 3.99%
- Debtor Days
- 70
- Inventory Days
- 22
- Payable Days
- 221
- -129
- Debt to Equity (x)
- 0.78x
- Interest Coverage (x)
- 3.07x
- 0.95x
- Revenue Growth %
- 14.49%
- Operating Profit Growth %
- 265.22%
- Net Profit Growth %
- 428.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 8.14
- Book Value (₹)
- 20.58
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 9.88
- Operating Margin %
- 14.95%
- Net Margin %
- 9.26%
- ROE %
- 47.78%
- ROCE %
- 38.52%
- 15.13%
- Debtor Days
- 54
- Inventory Days
- 29
- Payable Days
- 142
- -59
- Debt to Equity (x)
- 0.87x
- Interest Coverage (x)
- 8.80x
- 1.06x
- Revenue Growth %
- 29.00%
- Operating Profit Growth %
- 190.10%
- Net Profit Growth %
- 356.06%
- 383.28%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 1.88x
Mar 2025
- EPS (₹)
- 9.07
- Book Value (₹)
- 50.14
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 12.38
- Operating Margin %
- 17.96%
- Net Margin %
- 10.22%
- ROE %
- 28.72%
- ROCE %
- 29.57%
- 14.31%
- Debtor Days
- 60
- Inventory Days
- 39
- Payable Days
- 90
- 9
- Debt to Equity (x)
- 0.39x
- Interest Coverage (x)
- 8.01x
- 1.94x
- Revenue Growth %
- 30.31%
- Operating Profit Growth %
- 57.09%
- Net Profit Growth %
- 43.77%
- 11.41%
- P/E (x)
- 19.96x
- P/B (x)
- 3.61x
- Dividend Yield %
- 0.00%
- 11.17x
Documents
Announcements
Nothing filed yet.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Jun 2026
Feb 2026
Dec 2025