Chandan Healthcare Ltd
Incorporated in September 2003, Chandan Healthcare Limited runs diagnostic centers in North India with pathology and radiology testing services.[1]
- Market Cap ₹ 766 Cr.
- Current Price ₹ 313
- High / Low ₹ 355 / 140
- Stock P/E 36.9
- Book Value ₹ 49.4
- Dividend Yield 0.00 %
- ROCE 28.4 %
- ROE 25.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 71.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 9.16 days to 108 days
* 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 Healthcare Service Provider
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 67 | 56 | 72 | 76 | 100 | 129 | |
| 60 | 51 | 69 | 67 | 74 | 92 | |
| Operating Profit | 6 | 5 | 3 | 9 | 25 | 37 |
| OPM % | 9% | 9% | 4% | 12% | 25% | 29% |
| 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 2 | 2 | 2 | 2 | 2 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 6 |
| Profit before tax | 2 | 1 | -1 | 5 | 21 | 28 |
| Tax % | 39% | 45% | 93% | 23% | 24% | 26% |
| 1 | 1 | -1 | 4 | 16 | 21 | |
| EPS in Rs | 0.71 | 0.41 | -0.68 | 2.02 | 8.01 | 8.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 22% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 71% |
| 3 Years: | 154% |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 29% |
| Last Year: | 26% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 20 | 20 | 24 |
| Reserves | 4 | 5 | 3 | 7 | 21 | 96 |
| 15 | 14 | 15 | 17 | 29 | 33 | |
| 20 | 18 | 22 | 26 | 23 | 23 | |
| Total Liabilities | 59 | 56 | 59 | 70 | 93 | 177 |
| 20 | 20 | 25 | 28 | 44 | 71 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 4 |
| Investments | 20 | 11 | 14 | 15 | 13 | 10 |
| 19 | 25 | 21 | 27 | 37 | 91 | |
| Total Assets | 59 | 56 | 59 | 70 | 93 | 177 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -7 | 7 | 5 | 6 | -19 | ||
| 7 | -10 | -2 | -15 | -36 | ||
| -0 | -2 | -2 | 9 | 60 | ||
| Net Cash Flow | 0 | -4 | 1 | -1 | 6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 54 | 76 | 53 | 77 | 80 | 88 |
| Inventory Days | 88 | 78 | 37 | 9 | ||
| Days Payable | 126 | 224 | 233 | 399 | ||
| Cash Conversion Cycle | 15 | -69 | -143 | -314 | 80 | 88 |
| Working Capital Days | -66 | -10 | -60 | -67 | -14 | 108 |
| ROCE % | 9% | 2% | 18% | 41% | 28% |
Documents
Announcements
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Statement of deviation(s) or variation(s) under Reg. 32
14 November 2025 - IPO proceeds Rs.7,070.38 lakh; no deviation, utilization report for half-year ended 30-09-2025.
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Outcome of Board Meeting
14 November 2025 - Board took on record limited review of unaudited H1 results (Sep 30, 2025) and utilization certificate.
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Analysts/Institutional Investor Meet/Con. Call Updates
7 November 2025 - Post-earnings H1 FY26 conference call on 17 Nov 2025 at 11:00 AM IST.
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Analysts/Institutional Investor Meet/Con. Call Updates
7 November 2025 - H1 FY26 earnings conference call on 17 November 2025 at 11:00 AM IST.
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Shareholders meeting
7 November 2025 - EGM on Nov 6, 2025 approved authorised capital alteration and preferential issue of convertible warrants (100% votes in favour).
Concalls
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Aug 2025TranscriptNotesPPT
Business Profile[1]
Chandan Healthcare Limited operates a diagnostic network in North India that offers pathology and radiology testing services. The company has a presence in Uttar Pradesh, Uttarakhand, and Jaipur (Rajasthan), with a strong network of labs, satellite centers, and collection points