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

₹ 621 -0.74%
07 Jan - close price
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 ₹ 32,178 Cr.
  • Current Price ₹ 621
  • High / Low ₹ 732 / 386
  • Stock P/E 87.7
  • Book Value ₹ 87.5
  • Dividend Yield 0.81 %
  • ROCE 10.7 %
  • ROE 8.26 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 1,547%
  • Debtor days have improved from 110 to 22.7 days.

Cons

  • Stock is trading at 7.10 times its book value
  • The company has delivered a poor sales growth of -13.7% over past five years.
  • Company has a low return on equity of 7.37% over last 3 years.
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
2,816 3,192 807 841 929 955 974 1,002 1,086 1,050 1,000 1,078 1,197
2,498 2,743 687 722 787 805 817 841 869 864 818 876 961
Operating Profit 319 449 120 119 142 149 156 161 217 186 182 202 236
OPM % 11% 14% 15% 14% 15% 16% 16% 16% 20% 18% 18% 19% 20%
18 10 149 -17 -64 153 -40 5,120 35 9 5 29 28
Interest 77 87 25 25 30 25 30 29 31 31 32 31 31
Depreciation 189 198 54 51 54 57 58 60 62 62 64 63 66
Profit before tax 71 173 190 26 -7 220 28 5,191 159 102 91 136 167
Tax % 23% 8% 4% 24% 120% 5% 108% 1% 33% 37% 6% 31% 27%
54 159 183 20 -15 209 -2 5,152 106 64 86 94 121
EPS in Rs 0.93 2.79 3.42 0.10 -0.62 3.59 -0.48 103.00 1.94 1.14 1.58 1.65 2.12
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
2,871 3,876 5,250 5,931 6,721 7,963 8,652 8,608 10,253 2,994 3,699 4,138 4,325
2,421 3,370 4,805 5,582 6,089 6,886 7,187 7,506 8,720 2,547 3,124 3,384 3,520
Operating Profit 451 506 445 349 632 1,077 1,465 1,103 1,533 447 575 754 805
OPM % 16% 13% 8% 6% 9% 14% 17% 13% 15% 15% 16% 18% 19%
19 23 25 453 177 -155 -158 53 51 353 32 5,169 71
Interest 48 79 189 371 204 205 391 334 307 96 119 133 125
Depreciation 111 144 243 322 298 306 586 618 641 192 220 249 256
Profit before tax 310 306 38 108 308 410 330 205 637 511 268 5,542 496
Tax % 9% 11% 78% 10% 8% 10% 5% 13% 6% 7% 21% 2%
284 272 8 98 282 367 315 178 601 475 212 5,408 365
EPS in Rs 4.69 7.00 0.20 2.52 5.32 6.59 5.54 2.96 10.53 8.51 2.59 107.66 6.49
Dividend Payout % 35% 0% 0% 0% 0% 0% 0% 0% 0% 0% 4,637% 5%
Compounded Sales Growth
10 Years: 1%
5 Years: -14%
3 Years: -26%
TTM: 8%
Compounded Profit Growth
10 Years: 1%
5 Years: -7%
3 Years: -17%
TTM: 45%
Stock Price CAGR
10 Years: %
5 Years: 30%
3 Years: 40%
1 Year: 19%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 7%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 536 1,096 17 1,472 2,327 2,709 2,775 2,875 3,080 3,574 3,686 2,554 4,015
886 1,091 3,321 2,758 2,352 2,788 5,605 4,804 5,282 6,075 1,758 2,392 2,089
1,097 1,834 2,003 2,171 2,296 2,926 3,528 3,444 3,661 4,687 12,039 1,154 1,186
Total Liabilities 2,894 4,409 5,743 6,804 7,479 8,928 12,405 11,620 12,521 14,836 17,983 6,600 7,808
1,087 2,237 2,507 3,520 3,738 4,289 7,124 6,749 7,009 9,052 3,175 3,920 4,024
CWIP 357 197 358 290 402 550 736 934 998 279 170 293 401
Investments 7 3 39 32 38 22 34 63 45 80 17 245 1,184
1,442 1,972 2,839 2,962 3,302 4,067 4,511 3,874 4,470 5,425 14,620 2,142 2,199
Total Assets 2,894 4,409 5,743 6,804 7,479 8,928 12,405 11,620 12,521 14,836 17,983 6,600 7,808

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
236 203 361 537 601 1,223 1,569 1,314 1,834 158 425
-439 -775 -1,136 -522 -702 -658 -333 -563 -951 -878 6,015
203 578 654 46 134 -675 -1,116 -686 -817 1,053 -6,358
Net Cash Flow -1 5 -122 61 33 -110 120 65 66 332 82

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 86 83 93 79 84 93 100 86 72 285 23 23
Inventory Days 71 93 92 102 111 110 138 122 129 612 44 36
Days Payable 176 178 187 151 150 153 303 290 267 1,400 183 166
Cash Conversion Cycle -18 -2 -1 30 45 50 -65 -83 -66 -503 -116 -107
Working Capital Days 61 69 68 6 59 28 8 5 5 -21 272 -32
ROCE % 18% 14% 6% 1% 7% 13% 12% 6% 10% 3% 4% 11%

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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