Thyrocare Technologies Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: July 1, 2025, 9:26 am

Market Cap	5,209 Cr.
Current Price	983
High / Low	1,073/621
Stock P/E	54.4
Book Value	101
Dividend Yield	1.83 %
ROCE	27.6 %
ROE	18.2 %
Face Value	10.0
PEG Ratio	-12.31

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Thyrocare Technologies Ltd

Competitors of Thyrocare Technologies Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
NG Industries Ltd	51.0 Cr.	152	206/145	6.59	115	2.30 %	23.6 %	20.7 %	10.0
Global Longlife Hospital and Research Ltd	26.2 Cr.	25.0	46.4/18.3	131	25.5	0.00 %	1.16 %	0.76 %	10.0
Gian Lifecare Ltd	15.3 Cr.	14.8	27.0/12.1	3.76	19.2	0.00 %	29.2 %	24.6 %	10.0
Fortis Malar Hospitals Ltd	136 Cr.	72.5	98.7/51.0	348	16.1	58.6 %	0.83 %	0.56 %	10.0
Family Care Hospitals Ltd	24.1 Cr.	4.46	9.50/3.40	0.79	2.49	0.00 %	77.2 %	84.8 %	10.0
Industry Average	26,792.14 Cr	733.17		113.85	92.57	2.78%	15.55%	14.36%	9.08

All Competitor Stocks of Thyrocare Technologies Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	123	119	125	117	125	124	136	123	141	144	163	153	174
Expenses	86	85	96	91	102	90	100	92	108	101	114	112	118
Operating Profit	37	34	30	26	23	33	37	31	34	42	49	40	56
OPM %	30%	28%	24%	22%	18%	27%	27%	25%	24%	29%	30%	26%	32%
Other Income	2	1	1	1	2	0	2	2	3	3	2	4	5
Interest	1	1	1	1	1	1	1	1	1	1	1	0	1
Depreciation	9	8	8	9	9	9	9	11	10	9	10	15	12
Profit before tax	29	27	22	18	15	24	28	21	25	35	40	28	48
Tax %	31%	24%	35%	28%	33%	31%	28%	28%	23%	28%	27%	32%	54%
Net Profit	20	20	14	13	10	17	20	15	19	25	30	19	22
EPS in Rs	3.85	3.80	2.70	2.39	1.88	3.16	3.83	2.81	3.63	4.75	5.59	3.60	4.14

Last Updated: May 31, 2025, 7:30 am

Below is a detailed analysis of the quarterly data for Thyrocare Technologies Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 174.00 Cr.. The value appears strong and on an upward trend. It has increased from 153.00 Cr. (Dec 2024) to 174.00 Cr., marking an increase of 21.00 Cr..
For Expenses, as of Mar 2025, the value is 118.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 112.00 Cr. (Dec 2024) to 118.00 Cr., marking an increase of 6.00 Cr..
For Operating Profit, as of Mar 2025, the value is 56.00 Cr.. The value appears strong and on an upward trend. It has increased from 40.00 Cr. (Dec 2024) to 56.00 Cr., marking an increase of 16.00 Cr..
For OPM %, as of Mar 2025, the value is 32.00%. The value appears strong and on an upward trend. It has increased from 26.00% (Dec 2024) to 32.00%, marking an increase of 6.00%.
For Other Income, as of Mar 2025, the value is 5.00 Cr.. The value appears strong and on an upward trend. It has increased from 4.00 Cr. (Dec 2024) to 5.00 Cr., marking an increase of 1.00 Cr..
For Interest, as of Mar 2025, the value is 1.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.00 Cr. (Dec 2024) to 1.00 Cr., marking an increase of 1.00 Cr..
For Depreciation, as of Mar 2025, the value is 12.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 15.00 Cr. (Dec 2024) to 12.00 Cr., marking a decrease of 3.00 Cr..
For Profit before tax, as of Mar 2025, the value is 48.00 Cr.. The value appears strong and on an upward trend. It has increased from 28.00 Cr. (Dec 2024) to 48.00 Cr., marking an increase of 20.00 Cr..
For Tax %, as of Mar 2025, the value is 54.00%. The value appears to be increasing, which may not be favorable. It has increased from 32.00% (Dec 2024) to 54.00%, marking an increase of 22.00%.
For Net Profit, as of Mar 2025, the value is 22.00 Cr.. The value appears strong and on an upward trend. It has increased from 19.00 Cr. (Dec 2024) to 22.00 Cr., marking an increase of 3.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 4.14. The value appears strong and on an upward trend. It has increased from 3.60 (Dec 2024) to 4.14, marking an increase of 0.54.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 4:59 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	150	180	235	298	332	370	401	474	562	486	524	633
Expenses	81	109	140	182	193	222	233	304	330	371	388	446
Operating Profit	69	71	95	115	139	148	168	171	232	115	136	187
OPM %	46%	40%	40%	39%	42%	40%	42%	36%	41%	24%	26%	30%
Other Income	7	13	6	-16	21	14	-35	12	7	5	6	13
Interest	0	0	1	0	0	0	1	1	3	5	5	3
Depreciation	6	11	11	12	12	14	20	21	28	34	39	47
Profit before tax	69	73	89	87	148	147	112	161	207	81	98	151
Tax %	33%	33%	34%	46%	35%	35%	29%	26%	27%	30%	28%	37%
Net Profit	46	49	59	47	96	95	79	120	152	57	71	96
EPS in Rs	42.28	9.75	10.94	8.69	17.87	18.04	15.01	22.65	28.74	10.76	13.43	18.07
Dividend Payout %	0%	157%	91%	115%	56%	111%	33%	110%	52%	167%	134%	116%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	6.52%	20.41%	-20.34%	104.26%	-1.04%	-16.84%	51.90%	26.67%	-62.50%	24.56%	35.21%
Change in YoY Net Profit Growth (%)	0.00%	13.89%	-40.75%	124.59%	-105.30%	-15.80%	68.74%	-25.23%	-89.17%	87.06%	10.65%

Thyrocare Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	13%
5 Years:	10%
3 Years:	4%
TTM:	21%

Compounded Profit Growth
10 Years:	7%
5 Years:	-2%
3 Years:	-14%
TTM:	39%

Stock Price CAGR
10 Years:	%
5 Years:	15%
3 Years:	18%
1 Year:	58%

Return on Equity
10 Years:	20%
5 Years:	20%
3 Years:	14%
Last Year:	18%

Last Updated: Unknown

Balance Sheet

Last Updated: May 13, 2025, 2:33 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	11	51	54	54	54	53	53	53	53	53	53	53
Reserves	195	229	322	364	400	403	325	393	468	468	461	484
Borrowings	25	0	0	0	0	0	9	10	21	21	39	23
Other Liabilities	14	14	39	26	31	32	55	73	55	70	68	116
Total Liabilities	246	293	414	444	485	488	442	528	597	612	620	676
Fixed Assets	87	83	93	89	103	108	112	119	149	157	159	158
CWIP	6	6	1	2	0	1	4	8	2	1	1	14
Investments	119	162	266	299	315	289	239	274	259	274	291	284
Other Assets	33	42	55	54	68	89	88	127	186	180	169	221
Total Assets	246	293	414	444	485	488	442	528	597	612	620	676

Below is a detailed analysis of the balance sheet data for Thyrocare Technologies Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 53.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 53.00 Cr..
For Reserves, as of Mar 2025, the value is 484.00 Cr.. The value appears strong and on an upward trend. It has increased from 461.00 Cr. (Mar 2024) to 484.00 Cr., marking an increase of 23.00 Cr..
For Borrowings, as of Mar 2025, the value is 23.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 39.00 Cr. (Mar 2024) to 23.00 Cr., marking a decrease of 16.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 116.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 68.00 Cr. (Mar 2024) to 116.00 Cr., marking an increase of 48.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 676.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 620.00 Cr. (Mar 2024) to 676.00 Cr., marking an increase of 56.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 158.00 Cr.. The value appears to be declining and may need further review. It has decreased from 159.00 Cr. (Mar 2024) to 158.00 Cr., marking a decrease of 1.00 Cr..
For CWIP, as of Mar 2025, the value is 14.00 Cr.. The value appears strong and on an upward trend. It has increased from 1.00 Cr. (Mar 2024) to 14.00 Cr., marking an increase of 13.00 Cr..
For Investments, as of Mar 2025, the value is 284.00 Cr.. The value appears to be declining and may need further review. It has decreased from 291.00 Cr. (Mar 2024) to 284.00 Cr., marking a decrease of 7.00 Cr..
For Other Assets, as of Mar 2025, the value is 221.00 Cr.. The value appears strong and on an upward trend. It has increased from 169.00 Cr. (Mar 2024) to 221.00 Cr., marking an increase of 52.00 Cr..
For Total Assets, as of Mar 2025, the value is 676.00 Cr.. The value appears strong and on an upward trend. It has increased from 620.00 Cr. (Mar 2024) to 676.00 Cr., marking an increase of 56.00 Cr..

Notably, the Reserves (484.00 Cr.) exceed the Borrowings (23.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Month		Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	46	36	67	89	112	97	136	111	106	120	155	191
Cash from Investing Activity +	-52	-21	-19	-40	-48	-3	27	-53	-12	-32	-80	-55
Cash from Financing Activity +	-0	-23	-45	-48	-65	-96	-163	-58	-87	-88	-84	-124
Net Cash Flow	-6	-7	3	1	-1	-3	1	0	6	1	-9	12

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	44.00	71.00	95.00	115.00	139.00	148.00	159.00	161.00	211.00	94.00	97.00	164.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	9	12	9	11	7	10	11	14	34	60	63	28
Inventory Days	54	54	47	54	64	66	54	60	50	54	63	106
Days Payable	2	13	5	8	4	23	19	62	48	30	52	83
Cash Conversion Cycle	61	53	51	57	68	53	46	12	37	84	74	51
Working Capital Days	19	22	52	15	28	11	4	-9	9	49	39	25
ROCE %	50%	33%	27%	27%	29%	33%	31%	36%	37%	41%	15%	18%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	71.18%	71.18%	71.18%	71.14%	71.14%	71.14%	71.14%	71.14%	71.11%	71.11%	71.11%	71.11%
FIIs	12.02%	12.68%	12.82%	10.42%	10.13%	9.99%	3.44%	3.46%	3.35%	2.90%	2.49%	1.93%
DIIs	6.71%	6.88%	7.15%	9.14%	8.68%	8.45%	13.46%	13.33%	13.89%	14.88%	14.89%	14.80%
Public	10.09%	9.26%	8.85%	9.29%	10.04%	10.40%	11.95%	12.08%	11.64%	11.11%	11.49%	12.16%
No. of Shareholders	65,769	66,315	66,431	71,412	75,822	74,386	76,292	72,000	68,844	64,823	61,636	59,377

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Small Cap Fund	1,778,165	0.24	108.49	1,778,165	2025-04-22 17:25:17	0%
Nippon India Pharma Fund	1,765,838	1.56	107.74	1,765,838	2025-04-22 15:19:42	0%
ICICI Prudential India Opportunities Fund	1,184,131	0.45	72.25	1,184,131	2025-04-22 17:25:17	0%
ICICI Prudential Pharma Healthcare & Diagnostics (P.H.D) Fund	765,047	1.31	46.68	765,047	2025-04-22 15:19:42	0%
Nippon India Retirement Fund - Wealth Creation Scheme	321,903	0.67	19.64	321,903	2025-04-22 17:25:18	0%
ICICI Prudential Bharat Consumption Fund	230,281	0.64	14.05	230,281	2025-04-22 17:25:18	0%
ICICI Prudential Retirement Fund - Pure Equity	12,631	0.14	0.77	12,631	2025-04-22 15:19:42	0%
ICICI Prudential Retirement Fund - Hybrid Aggressive	1,186	0.02	0.07	1,186	2025-04-22 15:19:42	0%
Motilal Oswal S&P BSE Healthcare ETF	163	0.1	0.01	163	2025-04-22 17:25:18	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	17.13	13.42	12.16	33.30	21.41
Diluted EPS (Rs.)	17.08	13.40	12.14	33.25	21.37
Cash EPS (Rs.)	27.83	21.93	19.25	39.73	27.14
Book Value[Excl.RevalReserv]/Share (Rs.)	103.18	99.65	101.12	99.54	80.81
Book Value[Incl.RevalReserv]/Share (Rs.)	103.18	99.65	101.12	99.54	80.81
Revenue From Operations / Share (Rs.)	129.71	108.00	99.50	111.32	93.55
PBDIT / Share (Rs.)	38.72	27.72	24.27	49.93	34.74
PBIT / Share (Rs.)	28.29	18.85	16.96	43.53	29.02
PBT / Share (Rs.)	27.72	18.05	16.51	43.08	28.85
Net Profit / Share (Rs.)	17.40	13.05	11.94	33.33	21.41
NP After MI And SOA / Share (Rs.)	17.27	13.36	12.16	33.30	21.40
PBDIT Margin (%)	29.85	25.66	24.39	44.85	37.13
PBIT Margin (%)	21.81	17.44	17.04	39.10	31.01
PBT Margin (%)	21.36	16.71	16.59	38.70	30.83
Net Profit Margin (%)	13.41	12.08	11.99	29.94	22.89
NP After MI And SOA Margin (%)	13.31	12.37	12.22	29.91	22.87
Return on Networth / Equity (%)	16.73	13.43	12.04	33.45	26.48
Return on Capital Employeed (%)	26.26	18.03	16.15	42.39	34.03
Return On Assets (%)	13.20	10.98	10.17	28.98	20.73
Long Term Debt / Equity (X)	0.00	0.02	0.00	0.00	0.00
Total Debt / Equity (X)	0.00	0.04	0.00	0.00	0.00
Asset Turnover Ratio (%)	1.03	0.89	0.79	0.98	0.94
Current Ratio (X)	2.77	3.08	3.54	4.18	2.50
Quick Ratio (X)	2.39	2.55	3.18	3.80	2.26
Inventory Turnover Ratio (X)	4.00	4.38	5.82	6.80	7.44
Dividend Payout Ratio (NP) (%)	0.00	134.63	123.29	45.02	46.69
Dividend Payout Ratio (CP) (%)	0.00	80.89	76.98	37.76	36.84
Earning Retention Ratio (%)	0.00	-34.63	-23.29	54.98	53.31
Cash Earning Retention Ratio (%)	0.00	19.11	23.02	62.24	63.16
Interest Coverage Ratio (X)	67.28	34.95	54.67	111.45	211.14
Interest Coverage Ratio (Post Tax) (X)	31.23	17.45	27.89	75.40	131.14
Enterprise Value (Cr.)	3550.20	3118.27	2246.85	4079.23	4758.17
EV / Net Operating Revenue (X)	5.17	5.45	4.27	6.93	9.62
EV / EBITDA (X)	17.30	21.24	17.49	15.44	25.90
MarketCap / Net Operating Revenue (X)	5.24	5.48	4.32	6.95	9.65
Retention Ratios (%)	0.00	-34.63	-23.29	54.97	53.30
Price / BV (X)	6.59	5.95	4.26	7.77	11.17
Price / Net Operating Revenue (X)	5.24	5.48	4.32	6.95	9.65
EarningsYield	0.02	0.02	0.02	0.04	0.02

After reviewing the key financial ratios for Thyrocare Technologies Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 25, the value is 17.13. This value is within the healthy range. It has increased from 13.42 (Mar 24) to 17.13, marking an increase of 3.71.
For Diluted EPS (Rs.), as of Mar 25, the value is 17.08. This value is within the healthy range. It has increased from 13.40 (Mar 24) to 17.08, marking an increase of 3.68.
For Cash EPS (Rs.), as of Mar 25, the value is 27.83. This value is within the healthy range. It has increased from 21.93 (Mar 24) to 27.83, marking an increase of 5.90.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 103.18. It has increased from 99.65 (Mar 24) to 103.18, marking an increase of 3.53.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 103.18. It has increased from 99.65 (Mar 24) to 103.18, marking an increase of 3.53.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 129.71. It has increased from 108.00 (Mar 24) to 129.71, marking an increase of 21.71.
For PBDIT / Share (Rs.), as of Mar 25, the value is 38.72. This value is within the healthy range. It has increased from 27.72 (Mar 24) to 38.72, marking an increase of 11.00.
For PBIT / Share (Rs.), as of Mar 25, the value is 28.29. This value is within the healthy range. It has increased from 18.85 (Mar 24) to 28.29, marking an increase of 9.44.
For PBT / Share (Rs.), as of Mar 25, the value is 27.72. This value is within the healthy range. It has increased from 18.05 (Mar 24) to 27.72, marking an increase of 9.67.
For Net Profit / Share (Rs.), as of Mar 25, the value is 17.40. This value is within the healthy range. It has increased from 13.05 (Mar 24) to 17.40, marking an increase of 4.35.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 17.27. This value is within the healthy range. It has increased from 13.36 (Mar 24) to 17.27, marking an increase of 3.91.
For PBDIT Margin (%), as of Mar 25, the value is 29.85. This value is within the healthy range. It has increased from 25.66 (Mar 24) to 29.85, marking an increase of 4.19.
For PBIT Margin (%), as of Mar 25, the value is 21.81. This value exceeds the healthy maximum of 20. It has increased from 17.44 (Mar 24) to 21.81, marking an increase of 4.37.
For PBT Margin (%), as of Mar 25, the value is 21.36. This value is within the healthy range. It has increased from 16.71 (Mar 24) to 21.36, marking an increase of 4.65.
For Net Profit Margin (%), as of Mar 25, the value is 13.41. This value exceeds the healthy maximum of 10. It has increased from 12.08 (Mar 24) to 13.41, marking an increase of 1.33.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 13.31. This value is within the healthy range. It has increased from 12.37 (Mar 24) to 13.31, marking an increase of 0.94.
For Return on Networth / Equity (%), as of Mar 25, the value is 16.73. This value is within the healthy range. It has increased from 13.43 (Mar 24) to 16.73, marking an increase of 3.30.
For Return on Capital Employeed (%), as of Mar 25, the value is 26.26. This value is within the healthy range. It has increased from 18.03 (Mar 24) to 26.26, marking an increase of 8.23.
For Return On Assets (%), as of Mar 25, the value is 13.20. This value is within the healthy range. It has increased from 10.98 (Mar 24) to 13.20, marking an increase of 2.22.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.02 (Mar 24) to 0.00, marking a decrease of 0.02.
For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. It has decreased from 0.04 (Mar 24) to 0.00, marking a decrease of 0.04.
For Asset Turnover Ratio (%), as of Mar 25, the value is 1.03. It has increased from 0.89 (Mar 24) to 1.03, marking an increase of 0.14.
For Current Ratio (X), as of Mar 25, the value is 2.77. This value is within the healthy range. It has decreased from 3.08 (Mar 24) to 2.77, marking a decrease of 0.31.
For Quick Ratio (X), as of Mar 25, the value is 2.39. This value exceeds the healthy maximum of 2. It has decreased from 2.55 (Mar 24) to 2.39, marking a decrease of 0.16.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 4.00. This value is within the healthy range. It has decreased from 4.38 (Mar 24) to 4.00, marking a decrease of 0.38.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 134.63 (Mar 24) to 0.00, marking a decrease of 134.63.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 80.89 (Mar 24) to 0.00, marking a decrease of 80.89.
For Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has increased from -34.63 (Mar 24) to 0.00, marking an increase of 34.63.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 19.11 (Mar 24) to 0.00, marking a decrease of 19.11.
For Interest Coverage Ratio (X), as of Mar 25, the value is 67.28. This value is within the healthy range. It has increased from 34.95 (Mar 24) to 67.28, marking an increase of 32.33.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 31.23. This value is within the healthy range. It has increased from 17.45 (Mar 24) to 31.23, marking an increase of 13.78.
For Enterprise Value (Cr.), as of Mar 25, the value is 3,550.20. It has increased from 3,118.27 (Mar 24) to 3,550.20, marking an increase of 431.93.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 5.17. This value exceeds the healthy maximum of 3. It has decreased from 5.45 (Mar 24) to 5.17, marking a decrease of 0.28.
For EV / EBITDA (X), as of Mar 25, the value is 17.30. This value exceeds the healthy maximum of 15. It has decreased from 21.24 (Mar 24) to 17.30, marking a decrease of 3.94.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 5.24. This value exceeds the healthy maximum of 3. It has decreased from 5.48 (Mar 24) to 5.24, marking a decrease of 0.24.
For Retention Ratios (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 30. It has increased from -34.63 (Mar 24) to 0.00, marking an increase of 34.63.
For Price / BV (X), as of Mar 25, the value is 6.59. This value exceeds the healthy maximum of 3. It has increased from 5.95 (Mar 24) to 6.59, marking an increase of 0.64.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 5.24. This value exceeds the healthy maximum of 3. It has decreased from 5.48 (Mar 24) to 5.24, marking a decrease of 0.24.
For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Thyrocare Technologies Ltd as of July 4, 2025 is: 814.62

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of July 4, 2025, Thyrocare Technologies Ltd is Overvalued by 17.13% compared to the current share price 983.00

Intrinsic Value of Thyrocare Technologies Ltd as of July 4, 2025 is: 778.63

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of July 4, 2025, Thyrocare Technologies Ltd is Overvalued by 20.79% compared to the current share price 983.00

Last 5 Year EPS CAGR: -4.42%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 31.42%, which is a positive sign. The stock has a low average Working Capital Days of 22.00, which is a positive sign. The company has higher reserves (376.00 cr) compared to borrowings (12.33 cr), indicating strong financial stability. The company has shown consistent growth in sales (387.08 cr) and profit (118.58 cr) over the years.	The stock has a high average Cash Conversion Cycle of 53.92, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Thyrocare Technologies Ltd:
1. Net Profit Margin: 13.41%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 26.26% (Industry Average ROCE: 15.55%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 16.73% (Industry Average ROE: 14.36%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 31.23
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.39
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 54.4 (Industry average Stock P/E: 113.85)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Thyrocare Technologies Ltd. is a Public Limited Listed company incorporated on 28/01/2000 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L85110MH2000PLC123882 and registration number is 123882. Currently Company is involved in the business activities of Other human health activities. Company's Total Operating Revenue is Rs. 633.10 Cr. and Equity Capital is Rs. 52.99 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Hospitals & Medical Services	D/37-1, TTC Industrial Area, New Mumbai Maharashtra 400703	investor_relations@thyrocare.com http://www.thyrocare.com

Management
Name	Position Held
Mr. Rahul Guha	Managing Director & CEO
Mr. Dharmil Sheth	Non Executive Director
Mr. Hardik Dedhia	Non Executive Director
Mr. Dhaval Shah	Non Executive Director
Mr. Gopalkrishna Shivram Hegde	Independent Director
Dr. Indumati Gopinathan	Independent Director
Dr. Neetin S Desai	Independent Director
Dr. Prapti Gilada	Independent Director
Dr. Harshil Vora	Independent Director
Mr. Nishant A Shah	Independent Director
Mr. Anandh Sundar	Independent Director

FAQ

What is the intrinsic value of Thyrocare Technologies Ltd?

Thyrocare Technologies Ltd's intrinsic value (as of 04 July 2025) is 814.62 — 17.13% lower the current market price of 983.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 5,209 Cr. market cap, FY2025-2026 high/low of 1,073/621, reserves of 484 Cr, and liabilities of 676 Cr.

What is the Market Cap of Thyrocare Technologies Ltd?

The Market Cap of Thyrocare Technologies Ltd is 5,209 Cr..

What is the current Stock Price of Thyrocare Technologies Ltd as on 04 July 2025?

The current stock price of Thyrocare Technologies Ltd as on 04 July 2025 is 983.

What is the High / Low of Thyrocare Technologies Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Thyrocare Technologies Ltd stocks is ₹1,073/621.

What is the Stock P/E of Thyrocare Technologies Ltd?

The Stock P/E of Thyrocare Technologies Ltd is 54.4.

What is the Book Value of Thyrocare Technologies Ltd?

The Book Value of Thyrocare Technologies Ltd is 101.

What is the Dividend Yield of Thyrocare Technologies Ltd?

The Dividend Yield of Thyrocare Technologies Ltd is 1.83 %.

What is the ROCE of Thyrocare Technologies Ltd?

The ROCE of Thyrocare Technologies Ltd is 27.6 %.

What is the ROE of Thyrocare Technologies Ltd?

The ROE of Thyrocare Technologies Ltd is 18.2 %.

What is the Face Value of Thyrocare Technologies Ltd?

The Face Value of Thyrocare Technologies Ltd is 10.0.