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Thyrocare Technologies Ltd

(THYROCARE)

₹831.052.35%

as on 04:01PM, 19 Sep 2024

Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 2 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 2 analysts offering long term price targets for Thyrocare Technologies Ltd. An average target of ₹800

Source: S&P Global Market Intelligence

Thyrocare Technologies Ltd Share analysis

Thyrocare Technologies Ltd price forecast by 2 analysts

Downside of-6.00%

High

₹825

Target

₹800.00

Low

₹775

Thyrocare Technologies Ltd target price ₹800, a slight downside of -6% compared to current price of ₹831.05. According to 2 analysts rating.

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹822.15
    ₹861.6
  • 52 Week's Low

    52 Week's High

    ₹506.8
    ₹931.35
1 Month Return-3.93 %
3 Month Return+ 33.46 %
1 Year Return+ 48.19 %
Previous Close₹851.05
Open₹856.35
Volume73.47K
Upper Circuit-
Lower Circuit-
Market Cap₹4,506.54Cr

Key Statistics

P/E Ratio57.97
PEG Ratio23.38
Market Cap₹4,506.54 Cr
P/B Ratio6.54
EPS13.12
Dividend Yield0
SectorHealthcare
ROE13.75

Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹4,506.54 Cr14.57%0.54₹69 Cr₹571 Cr
BUY₹9,269.87 Cr9.13%0.64₹119 Cr₹547 Cr
HOLD₹10,942.14 Cr14.92%0.58₹128 Cr₹1,207 Cr
HOLD₹27,046.72 Cr31.93%0.55₹362 Cr₹2,226 Cr
HOLD₹26,170.79 Cr122.66%0.67₹168 Cr₹5,040 Cr

Company Information

Thyrocare Technologies Limited was incorporated in 2000 and is one of the leading pan-India diagnostic chains, offering 636 distinct tests and 90 profiles of tests for early detection and management of various disorders and diseases. Additionally, they have set up Regional Processing Laboratories (RPLs) in 25 cities and Thryrocare International Holding Company (TIHC) in Mauritius has established a centre in Bahrain. In 2016, Thyrocare Technologies had a public offering that closed with an oversubscription of 75 times, and in 2018 acquired an Associate Company, Equinox Labs Private Limited, as well as bought back 958900 equity shares. In 2020, their services were negatively affected due to the Coronavirus, however, in 2021 they had a new promoter, Docon Technologies Private Limited, acquire 37656092 equity shares of the Company.As of March 31 2022, Thyrocare Technologies had a network of 1500 active channel partners and more than 9000 collection points spread across 500 districts in India and provided an extensive menu of over 700 tests, with more than 300 added within the year. Additionally, they installed automation for urine testing in 12 lab locations and Beckman Analysers in Zonal Processing Laboratories.

Share Price: ₹831.05 per share as on 19 Sep, 2024 04:01 PM
Market Capitalisation: ₹4,506.54Cr as of today
Revenue: ₹156.91Cr as on June 2024 (Q2 24)
Net Profit: ₹23.94Cr as on June 2024 (Q2 24)
Listing date: 09 May, 2016
Chairperson Name: Rahul Guha
OrganisationThyrocare Technologies Ltd
HeadquartersNavi Mumbai
IndustryHealthcare
E-voting on sharesClick here to vote

Key events for Thyrocare Technologies Ltd

  • Thyrocare Projects Growth Amid Strategic Acquisitions - 05 Sep, 2024

    Thyrocare anticipates mid-teen topline growth for FY25, supported by recent acquisitions including Vimta Labs. The company remains cautious but sees stable margins and minimal competition in tier-2 cities, with shares rising 60% over the past year.

  • Thyrocare Acquires Vimta Labs' Diagnostic Services - 30 Aug, 2024

    Thyrocare Technologies has signed a Business Transfer Agreement to acquire Vimta Labs' diagnostic and pathological services for ₹7 crore, gaining access to 11 centers across multiple states. This strategic move aims to strengthen Thyrocare's market position in southern India and expand its customer base.

Insights on Thyrocare Technologies Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 15.35 Cr → 24.17 Cr (in ₹), with an average increase of 20.1% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 11.10% to 11.50% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 137.6 Cr → 160.52 Cr (in ₹), with an average increase of 7.3% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Max Healthcare Institute Ltd has given 158.0% return, outperforming this stock by 190.4%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 71.11% of holdings in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Fortis Healthcare Ltd has given 76.1% return, outperforming this stock by 27.9%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 12.94% to 12.84% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 2.90% to 2.49% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 years, THYROCARE stock has moved down by -32.4%

Company Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹134.89Cr (-)₹148.00Cr (↑9.72%)₹134.74Cr (↓8.96%)₹154.25Cr (↑14.48%)₹156.91Cr (↑1.72%)
Net Income₹17.25Cr (-)₹20.33Cr (↑17.86%)₹14.74Cr (↓27.50%)₹17.18Cr (↑16.55%)₹23.94Cr (↑39.35%)
Net Profit Margin12.79% (-)13.74% (↑7.43%)10.94% (↓20.38%)11.14% (↑1.83%)15.26% (↑36.98%)
Value in ₹ crore
Details2021202220232024
Total Assets₹529.30Cr (-)₹597.65Cr (↑12.91%)₹612.62Cr (↑2.50%)₹621.41Cr (↑1.43%)
Total Liabilities₹83.84Cr (-)₹76.95Cr (↓8.22%)₹91.58Cr (↑19.01%)₹107.60Cr (↑17.49%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹136.33Cr (-)₹111.07Cr (↓18.53%)₹105.68Cr (↓4.85%)₹120.02Cr (↑13.57%)₹155.19Cr (↑29.30%)

Index Inclusions

BSE Healthcare

₹43,655.30

-0.25 (-108.18%)

BSE Small-Cap

₹56,312.66

-1.06 (-603.27%)

S&P BSE AllCap

₹11,001.59

-0.22 (-24.68%)

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
71.11%
0.00
Foreign Institutions
2.49%
-14.13
Mutual Funds
12.84%
-0.76
Retail Investors
11.5%
3.57
Others
2.06%
5.74

Key Indicators

Details20202021202220232024
Return On Equity %24.8829.0831.4810.9413.75
Details20202021202220232024
Return On Assets %19.9421.3829.4710.5311.39
Details20202021202220232024
Book Value Per Share (₹)69.3980.8299.5497.3793.02
Details20202021202220232024
Earning Per Share (₹)16.7321.433.312.1613.12

Thyrocare Technologies Ltd Valuation

Thyrocare Technologies Ltd in the last 5 years

  • Overview

  • Trends

Lowest (18.71x)

June 23, 2022

Today (57.97x)

September 18, 2024

Industry (96.56x)

September 18, 2024

Highest (91.79x)

October 27, 2020

LowHigh

Earnings and Dividends

  • Thyrocare Technologies Ltd Earnings Results

    Thyrocare Technologies Ltd’s net profit jumped 39.71% since last year same period to ₹24.17Cr in the Q1 2024-2025. On a quarterly growth basis, Thyrocare Technologies Ltd has generated 35.94% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Thyrocare Technologies Ltd Dividends May,2024

    In the quarter ending March 2024, Thyrocare Technologies Ltd has declared dividend of ₹18 - translating a dividend yield of 2.12%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Thyrocare Technologies Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Thyrocare Technologies Ltd (THYROCARE) share price today is ₹831.05

Thyrocare Technologies Ltd is listed on NSE

Thyrocare Technologies Ltd is listed on BSE

  • Today’s highest price of Thyrocare Technologies Ltd is ₹861.6.
  • Today’s lowest price of Thyrocare Technologies Ltd is ₹822.15.

PE Ratio of Thyrocare Technologies Ltd is 57.97

PE ratio = Thyrocare Technologies Ltd Market price per share / Thyrocare Technologies Ltd Earnings per share

Today’s traded volume of Thyrocare Technologies Ltd(THYROCARE) is 73.47K.

Today’s market capitalisation of Thyrocare Technologies Ltd(THYROCARE) is ₹4506.54Cr.

Thyrocare Technologies Ltd(THYROCAREPrice
52 Week High
₹931.35
52 Week Low
₹506.8

Thyrocare Technologies Ltd(THYROCARE) share price is ₹831.05. It is down -10.77% from its 52 Week High price of ₹931.35

Thyrocare Technologies Ltd(THYROCARE) share price is ₹831.05. It is up 63.98% from its 52 Week Low price of ₹506.8

Thyrocare Technologies Ltd(THYROCAREReturns
1 Day Returns
-20%
1 Month Returns
-3.93%
3 Month Returns
33.46%
1 Year Returns
48.19%