Dr Agarwals Health Care Ltd

Dr Agarwals Health Care Ltd

₹ 506 -0.05%
25 Nov - close price
About

Incorporated in 2010,[1]Dr. Agarwal’s Health Care offers a wide array of eye care services, which include cataract and refractive surgeries, consultations, diagnoses, and non-surgical treatments. Additionally, they provide optical products, contact lenses, accessories, and pharmaceutical items related to eye care. [2]

Key Points

Largest Eyecare Service Provider[1]
Dr. Agarwal is India's largest eye care service chain with a 25% market share. It is the largest company by revenue in FY23, with more than two times the revenue from operations of the second-largest eye care service chain in the country.

  • Market Cap 16,065 Cr.
  • Current Price 506
  • High / Low 568 / 327
  • Stock P/E 138
  • Book Value 61.1
  • Dividend Yield 0.00 %
  • ROCE 9.99 %
  • ROE 4.76 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 41.7% CAGR over last 5 years

Cons

  • Stock is trading at 8.29 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 7.83% over last 3 years.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
333 349 403 417 431 460 487 499
244 241 300 310 316 329 360 363
Operating Profit 89 108 104 107 115 131 128 136
OPM % 27% 31% 26% 26% 27% 28% 26% 27%
12 20 6 12 13 13 13 8
Interest 22 27 27 28 28 25 25 23
Depreciation 43 47 56 57 58 60 63 68
Profit before tax 36 54 27 33 41 59 54 54
Tax % 37% 24% 33% 36% 31% 27% 29% 32%
23 41 18 21 28 43 38 36
EPS in Rs 0.72 1.03 0.95 0.94
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
531 471 696 1,018 1,332 1,711 1,877
407 387 510 743 965 1,248 1,367
Operating Profit 124 85 186 275 367 463 510
OPM % 23% 18% 27% 27% 28% 27% 27%
13 6 17 14 44 43 47
Interest 54 44 49 76 101 115 101
Depreciation 93 95 98 128 170 231 249
Profit before tax -11 -48 57 84 141 160 207
Tax % 82% 21% 24% -24% 32% 31%
-21 -59 43 103 95 110 145
EPS in Rs 2.64 3.64
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 26%
3 Years: 35%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 42%
3 Years: 26%
TTM: 33%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 8%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 7 7 7 8 9 32 32
Reserves 242 177 206 622 1,330 1,835 1,899
162 185 633 857 966 961 983
339 417 179 336 445 837 873
Total Liabilities 751 787 1,025 1,823 2,751 3,665 3,786
551 575 701 1,293 1,746 2,523 2,722
CWIP 8 11 28 99 118 153 163
Investments 1 0 0 34 471 264 208
192 201 295 397 416 724 693
Total Assets 751 787 1,025 1,823 2,751 3,665 3,786

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
103 99 164 233 346 360
-85 -46 -155 -509 -914 -750
-73 -37 35 303 553 382
Net Cash Flow -56 17 44 27 -15 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 36 36 30 27 27 26
Inventory Days 178 169 144 116 138 181
Days Payable 340 452 389 326 355 345
Cash Conversion Cycle -126 -247 -215 -183 -190 -138
Working Capital Days -31 -47 -50 -62 -65 -44
ROCE % -1% 17% 13% 11% 10%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2025Jun 2025Sep 2025
32.45% 32.43% 32.43%
60.62% 59.26% 58.13%
5.21% 6.44% 7.92%
1.74% 1.87% 1.52%
No. of Shareholders 68,69663,02148,168

* 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.

Click on the line-items to see the names of individual entities.

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