Aster DM Healthcare Ltd

Aster DM Health. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Aster DM Healthcare Ltd

₹ 617 -0.62%
15 Dec 2:49 p.m.
asterdmhealthcare.in BSE: 540975 NSE: ASTERDM
About

Aster DM Healthcare Limited is one of the largest integrated private healthcare service providers operating in GCC (Gulf Cooperation Council) countries and an emerging player in India. With an inherent emphasis on clinical excellence, it is one of the few entities in the world with a strong presence across primary, secondary, tertiary and quaternary healthcare. [1]

Key Points

Merger of Aster DM & Quality Care[1]
Aster DM and Blackstone-backed Quality Care are to merge and create one of the top 3 hospital chains in India with 10,360+ beds. The merged listed entity will be named Aster DM Quality Care Limited and will be one of the largest M&A in the hospital space in India based on number of operational beds. Aster acquired a 5.0% stake in QCIL from Blackstone and TPG in consideration of primary share issuance by Aster for 3.6% stake followed by merger of QCIL into Aster by way of a scheme of amalgamation.
Inter-se shareholding between Aster DM and Quality Care shareholders would be 57.3% and 42.7% respectively. The merger is cash neutral and is expected to be EPS accretive from 1st full year of operations.

Website BSE NSE
  • Market Cap ₹ 31,945 Cr.
  • Current Price ₹ 617
  • High / Low ₹ 732 / 386
  • Stock P/E 94.6
  • Book Value ₹ 85.6
  • Dividend Yield 0.82 %
  • ROCE 139 %
  • ROE 200 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 149% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 73.5%
  • Company has been maintaining a healthy dividend payout of 1,274%
  • Company's median sales growth is 32.8% of last 10 years

Cons

  • Stock is trading at 7.19 times its book value
  • Promoters have pledged or encumbered 40.7% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Healthcare Healthcare Healthcare Services Hospital

Part of BSE 500 BSE Healthcare Nifty 500 BSE SmallCap Nifty Smallcap 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
378 399 429 457 509 524 546 566 605 576 574 613 682
301 328 344 374 423 433 446 464 476 465 459 480 532
Operating Profit 77 71 85 83 86 92 100 101 129 111 115 134 150
OPM % 20% 18% 20% 18% 17% 17% 18% 18% 21% 19% 20% 22% 22%
18 11 12 11 20 13 4 5,992 47 14 9 34 44
Interest 12 14 15 16 21 21 21 21 19 22 23 22 23
Depreciation 25 26 29 26 29 31 36 35 37 36 38 38 39
Profit before tax 57 41 54 53 57 53 47 6,037 120 68 63 108 132
Tax % 0% 17% 4% 0% -4% 0% 117% 0% 25% 27% 2% 25% 21%
57 35 52 53 59 53 -8 6,008 90 50 61 81 105
EPS in Rs 1.14 0.69 1.04 1.06 1.18 1.06 -0.16 120.28 1.80 1.00 1.22 1.56 2.02
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1 53 189 380 530 595 760 747 1,116 1,534 2,036 2,320 2,445
12 114 227 427 519 554 686 704 963 1,240 1,671 1,858 1,936
Operating Profit -11 -60 -38 -47 12 41 74 42 153 293 366 463 509
OPM % -1,256% -114% -20% -12% 2% 7% 10% 6% 14% 19% 18% 20% 21%
86 40 51 390 14 83 113 21 82 50 48 6,061 101
Interest 3 34 135 228 54 11 33 36 47 56 83 91 89
Depreciation 1 22 48 68 59 64 89 95 99 104 121 145 150
Profit before tax 72 -77 -170 47 -87 49 65 -68 90 182 209 6,288 371
Tax % 2% 1% 0% 0% 0% 1% 6% 1% -0% 5% 25% 1%
70 -78 -170 47 -87 48 61 -69 90 173 157 6,209 296
EPS in Rs 1.86 -2.00 -4.21 1.16 -1.73 0.95 1.21 -1.38 1.81 3.47 3.14 124.30 5.80
Dividend Payout % 89% 0% 0% 0% 0% 0% 0% 0% 0% 0% 3,819% 4%
Compounded Sales Growth
10 Years: 46%
5 Years: 25%
3 Years: 28%
TTM: 9%
Compounded Profit Growth
10 Years: 55%
5 Years: 149%
3 Years: 302%
TTM: -94%
Stock Price CAGR
10 Years: %
5 Years: 30%
3 Years: 41%
1 Year: 29%
Return on Equity
10 Years: 23%
5 Years: 44%
3 Years: 74%
Last Year: 200%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 375 389 403 403 505 505 497 497 500 500 500 500 518
Reserves 103 209 535 1,925 2,421 2,475 2,434 2,367 2,081 2,257 2,420 2,466 3,917
266 384 1,914 645 110 125 349 417 895 1,072 1,216 1,574 1,231
24 124 168 251 257 271 273 307 286 274 402 425 456
Total Liabilities 768 1,105 3,021 3,224 3,293 3,376 3,552 3,589 3,762 4,102 4,538 4,965 6,122
37 469 547 714 772 753 1,016 1,009 1,013 1,008 1,333 1,760 1,852
CWIP 287 100 130 63 17 70 20 11 23 67 39 55 56
Investments 266 317 2,037 2,137 2,086 2,095 2,150 2,151 2,166 2,141 2,176 1,009 2,127
178 219 307 309 417 458 366 418 560 886 990 2,140 2,088
Total Assets 768 1,105 3,021 3,224 3,293 3,376 3,552 3,589 3,762 4,102 4,538 4,965 6,122

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-51 -3 -51 98 42 78 246 413 367
-251 -18 -36 40 -38 -49 -332 -342 6,023
222 95 7 -126 -12 -18 92 -67 -6,298
Net Cash Flow -80 74 -80 12 -9 11 6 3 92

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 742 41 28 24 21 22 21 21 20 26 23 22
Inventory Days 171 100 66 42 38 49 38 32 38 39 33
Days Payable 288 150 102 57 64 240 270 173 228 200 198
Cash Conversion Cycle 742 -75 -22 -13 6 -4 -170 -210 -122 -163 -139 -143
Working Capital Days -11,217 -74 -67 -17 -28 21 -94 -72 -55 -29 -33 -15
ROCE % 12% -5% -4% -4% -1% 2% 3% -1% 4% 7% 7% 139%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
37.88% 41.88% 41.88% 41.88% 41.88% 41.88% 41.88% 41.88% 41.88% 41.89% 40.39% 40.39%
42.49% 38.63% 38.82% 40.22% 41.00% 33.48% 27.08% 23.86% 22.62% 21.66% 19.64% 18.72%
8.93% 8.93% 8.62% 7.64% 7.15% 13.70% 16.35% 20.91% 22.91% 24.58% 25.28% 26.32%
10.25% 10.12% 10.26% 9.85% 9.61% 10.59% 14.38% 13.05% 12.30% 11.60% 14.45% 14.33%
0.44% 0.43% 0.42% 0.41% 0.37% 0.35% 0.32% 0.30% 0.28% 0.26% 0.25% 0.23%
No. of Shareholders 84,57382,12971,37967,67367,33180,9312,06,6601,74,1711,59,0381,54,0141,48,1391,47,304

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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