Company File · BSE 540975 · Latest filing Q1 FY27
Standalone = this company only. Consolidated = including its subsidiaries.
Aster DM Healthcare Limited
Data as of 19 Oct 2026 close · BSE · Latest results Q1 FY27
ISIN INE914M01019 · ASTERDM · Healthcare › Healthcare Services
About the business
What does Aster DM Healthcare do? It is a Bengaluru-based hospital chain with hospitals, clinics, pharmacies & labs, mainly in Kerala, Karnataka & other southern states. In 2024 it separated its Gulf business. It has also announced a merger with Quality Care India, which would create a larger hospital group.
Price & valuation · BSE close, 19 Oct 2026
Usual 101.7×
Above its usual level
- Sales growth
- +21.6%
- Profit growth
- −68.7%
- Op. margin
- 20.2%
- P/E
- 112.9×
- Usual P/E
- 101.7×
- Price/book
- 12.0×
- ROCE
- 14.8%
- ROE
- 10.1%
- Debt/equity
- 0.15×
- Promoter
- 40.39%
- Pledged
- 40.66%
The latest earnings call · Apr to Jun 2026 · transcript filed 12 Aug 2026
The transcript is ready to read; its call notes appear here once they are written.
Is it expensive, and is it a good business?
Key ratios
In short Priced above its own usual level (P/E without one-offs 112.9× vs 101.7×), earns moderate returns on capital (ROCE 14.8%) and has modest borrowings (debt to equity 0.15×).
What you pay Valuation
Leaving out one-off items, buyers pay about ₹113 for every ₹1 the company earned per share over the last year. Above its 1-year median of 101.7×.
Leaves out one-off charges of ₹143 crore over the last 12 months (profit before tax & those items, taxed at 25%); P/E on reported profit 162.
Latest BSE close ÷ last four quarters' EPS without one-off items: profit before tax & exceptional items, taxed at 25%, for the company's own shareholders, on the share count behind its reported EPS. Used when one-off items come to more than a quarter of 12-month pre-tax profit. As of 19th October 2026.
The share price is 12.0 times the accounting value of each share. Above its 1-year median of 7.7×.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
The market values the company at 11.9 times its yearly sales.
Market value ÷ last 12 months' revenue. As of 19th October 2026.
The whole business (shares plus debt, minus cash) is valued at about 60.1 years of its operating profit.
Enterprise value ÷ last 12 months' EBITDA. As of 19th October 2026.
EPS fell 93.0% over the latest financial year vs the year before, from ₹107.98 to ₹7.53 a share, so PEG does not apply.
P/E ÷ 12-month EPS growth in % (the last four quarters vs the four before; when those are not all held, the latest financial year vs the year before). Growth above 100% counts as 100%; left blank when EPS fell or was below ₹1 a share a year earlier. Without one-off items when either year has large ones, as for the P/E. As of 19th October 2026.
The company paid ₹3.00 a share in the last 12 months (1 payout), 0.45% of today's share price.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How well it uses money Returns & strength
Each ₹100 of shareholders' money and debt earned about ₹14.8 before interest & tax.
Last 12 months' profit before interest & tax ÷ average (equity + borrowings). As of 31st March 2026.
For every ₹100 of shareholders' money, the company earned about ₹10.1 in a year.
Last 12 months' profit after tax (continuing operations where reported) ÷ average equity. As of 31st March 2026.
Needs reported tax expense that reconciles with profit; not yet available for these periods.
Last 12 months' operating profit after tax (profit before interest & tax × (1 − effective tax rate)) ÷ average invested capital (equity + borrowings − cash & bank balances). As of 31st March 2026.
Every ₹1 of assets generated about ₹0.63 of sales in a year.
Last 12 months' revenue ÷ average total assets. As of 31st March 2026.
Operating profit covered interest costs about 5 times.
Last 12 months' profit before interest & tax ÷ finance costs. As of 30th June 2026.
For every ₹1 of shareholders' money, it has borrowed ₹0.15.
Borrowings ÷ shareholders' equity on the latest balance-sheet date. As of 31st March 2026.
Who owns it Ownership & more
The founders or parent group own 40.39% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 31st March 2026.
Promoter holding did not change over the last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 31st March 2026.
Promoter holding, quarter by quarter
- Mar 202640.39%
- Dec 202540.39%
- Sep 202540.39%
Promoters have pledged 40.66% of their shares (851 lakh shares), 16.42% of the company.
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 31st March 2026.
Pledged, quarter by quarter
- Mar 202640.66%
- Dec 202540.66%
- Sep 202540.66%
After paying for new plant & equipment, operations left ₹187 crore of cash.
Cash from operations − spending on plant & equipment, latest full year. As of 31st March 2026.
Free cash flow, year by year
- FY26₹187 Cr
- FY25₹79 Cr
Each share has a face (nominal) value of ₹10. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 87.17 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. The latest results filing gives 51.81 crore. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹58,158 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹57,534 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
The company reported ₹363 crore of profit over the last four quarters.
Sum of the last four quarters' reported profit after tax. As of 30th June 2026.
Each share earned about ₹4.12 over the last year.
Sum of the last four quarters' basic EPS. EPS is restated for the split or bonus after the latest results: BSE now counts 1.5 times the shares that EPS was worked out on. As of 30th June 2026.
Each share is backed by about ₹55 of net assets on the books.
Shareholders' equity ÷ shares. As of 31st March 2026.
About ₹19.6 of every ₹100 of sales was left after running costs.
EBITDA ÷ revenue over the last four quarters. As of 30th June 2026.
About ₹2.2 of every ₹100 of sales became profit last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 30th June 2026.
Sales were 21.6% higher than a year earlier.
Latest quarter's revenue vs the same quarter last year. As of 30th June 2026.
Profit was 68.7% lower than a year earlier.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 30th June 2026.
Short-term assets cover short-term bills 1.99 times.
Current assets ÷ current liabilities. As of 31st March 2026.
Customers take about 24 days to pay.
Trade receivables ÷ last 12 months' revenue × 365. As of 31st March 2026.
Stock on hand equals about 7 days of sales.
Inventories ÷ last 12 months' revenue × 365. As of 31st March 2026.
23.5% of pre-tax profit came from other income (interest, dividends, gains).
Other income ÷ profit before tax, last 12 months. As of 30th June 2026.
Each ₹1 of profit brought in ₹1.54 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Cash exceeds borrowings by ₹624 crore.
Cash & bank balances − borrowings. As of 31st March 2026.
Needs reported tax expense that reconciles.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 30th June 2026.
Everything the company owns earned 5.8% in a year.
Last 12 months' profit ÷ average total assets. As of 31st March 2026.
Operating profit before interest, depreciation & tax was ₹958 crore.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 30th June 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹469 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
Borrowings stood at ₹701 crore.
Current + non-current borrowings. As of 31st March 2026.
Foreign institutions own 17.18%.
Foreign institutional holding from the latest shareholding pattern. As of 31st March 2026.
Domestic institutions own 27.57%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 31st March 2026.
The highest price in the last year was ₹890.95.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 10th August 2026.
The lowest price in the last year was ₹519.8.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 4th February 2026.
The share price moved -7.2% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
About 49% of the last year's earnings per share was paid out as dividends.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 30th June 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 87.17 crore, from paid-up capital in the 19th October 2026 filing. Figures are consolidated.
What you pay: Higher numbers mean you pay more for each rupee the company earns or owns.
How well it uses money: Higher returns mean each rupee in the business earns more. Lower debt means less strain.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 4 quarters ₹ crore · Consolidated
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue from operations | 1,197 | 1,186 | 1,182 | 1,311 |
| EBITDA | 249.8 | 211.2 | 232.6 | 264.3 |
| Operating margin | 20.9% | 17.8% | 19.7% | 20.2% |
| One-off items | −0.4 | −28.3 | +0.3 | −114.4 |
| Profit after tax | 121.3 | 58.7 | 153.6 | 29.3 |
| Profit after tax without one-offs | 121.6 | 79.9 | 153.3 | 115.1 |
| Basic EPS (₹) | 2.13 | 1.02 | 2.72 | 0.31 |
One-off items: exceptional items reported separately in the filing. Profit without one-offs takes them out after tax at 25%.
Latest filings BSE
Corporate announcements 34
- 30 Sep 2026Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportAGM
- 28 Sep 2026Retirement
- 28 Sep 2026Change in Management
Quarterly results 3
- 5 Aug 2026Press Release / Media Release
- 5 Aug 2026Unaudited Financial Results (Standalone And Consolidated) For The First Quarter Ended 30 June 2026
- 5 Aug 2026Board Meeting Outcome for Outcome Of The Board Meeting - Unaudited Financial Results (Standalone And Consolidated) For The First Quarter Ended 30 June 2026Outcome of Board Meeting
Conference calls 4
- 14 Oct 2026Transcript Of The 18Th Annual General Meeting Held On 28 September 2026 Through Video Conferencing ("VC")AGM
- 12 Aug 2026Earnings Call TranscriptOpens the call notes & transcript
- 5 Aug 2026Analyst / Investor Meet - Outcome
Investor presentations 1
- 5 Aug 2026Investor Presentation
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