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 ₹ 565 Cr.
- Current Price ₹ 231
- High / Low ₹ 358 / 150
- Stock P/E 19.5
- Book Value ₹ 56.5
- Dividend Yield 0.00 %
- ROCE 28.8 %
- ROE 27.1 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 17.8 days to 75.4 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 120 | 137 | 177 | 230 | |
| 117 | 128 | 150 | 189 | |
| Operating Profit | 2 | 9 | 26 | 41 |
| OPM % | 2% | 7% | 15% | 18% |
| 0 | 0 | 1 | 2 | |
| Interest | 2 | 2 | 3 | 5 |
| Depreciation | 2 | 2 | 3 | 7 |
| Profit before tax | -1 | 5 | 21 | 32 |
| Tax % | 3% | 28% | 24% | 27% |
| -1 | 3 | 16 | 24 | |
| EPS in Rs | -0.56 | 1.68 | 8.14 | 9.07 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| TTM: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 180% |
| TTM: | 42% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 24 | 24 |
| Reserves | 4 | 7 | 21 | 98 | 114 |
| 17 | 21 | 36 | 48 | 67 | |
| 41 | 49 | 41 | 40 | 68 | |
| Total Liabilities | 82 | 98 | 118 | 211 | 273 |
| 29 | 33 | 48 | 76 | 91 | |
| CWIP | 0 | 0 | 0 | 4 | 5 |
| Investments | 6 | 7 | 3 | 1 | 47 |
| 46 | 58 | 66 | 129 | 130 | |
| Total Assets | 82 | 98 | 118 | 211 | 273 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 6 | 4 | 1 | -29 | |
| -11 | -6 | -15 | -36 | |
| 3 | 2 | 16 | 67 | |
| Net Cash Flow | -1 | 0 | 2 | 2 |
| Free Cash Flow | -1 | -1 | -18 | -68 |
| CFO/OP | 275% | 60% | 23% | -50% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 88 | 63 | 59 | 74 |
| Inventory Days | 46 | 71 | 96 | 126 |
| Days Payable | 185 | 251 | 102 | 102 |
| Cash Conversion Cycle | -51 | -117 | 53 | 98 |
| Working Capital Days | -11 | -21 | -1 | 75 |
| ROCE % | 16% | 37% | 29% |
Insights
In beta| Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|
| Geographic Presence (States) Number |
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| Number of Diagnostic Centres Number |
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| Total Patient Count Lakhs |
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| Total Tests Conducted Lakhs |
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| Number of Collection Centres Number |
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| Number of Pharmacy Stores Number |
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| Pathology Tests Offered Number |
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| Radiology Tests Offered Number |
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| Revenue per patient INR |
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Documents
Announcements
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General Updates
27 March 2026 - Launched Raipur diagnostic centre (Mar 27, 2026) offering pathology, TMT, ECG, PFT; entry into Chhattisgarh.
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Trading Window
26 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after results for quarter/FY ending Mar 31, 2026.
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General Updates
24 March 2026 - Won 10-year tender to install 1.5T MRI at Civil Hospital, Rohtak (200-bed, ~40,000 monthly OPD).
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General Updates
20 March 2026 - Won 10-year tender to install 1.5T MRI at Civil Hospital, Rohtak (awarded 20-Mar-2026).
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General Updates
18 March 2026 - 18-Mar-2026: Launched Kolkata centre for blood tests; plans X-Ray and BMD; will serve partner centres.
Concalls
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Feb 2026Transcript PPT
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Dec 2025Transcript PPT
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Nov 2025TranscriptAI SummaryPPT REC
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Aug 2025TranscriptAI SummaryPPT
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