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 ₹ 560 Cr.
- Current Price ₹ 229
- High / Low ₹ 358 / 185
- Stock P/E 21.3
- Book Value ₹ 69.9
- Dividend Yield 0.00 %
- ROCE 23.3 %
- ROE 19.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.7%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.41%
- Debtor days have increased from 82.7 to 114 days.
- Working capital days have increased from 48.3 days to 95.2 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
Part of Nifty SME Emerge
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| 120 | 137 | 177 | 230 | 276 | 289 | |
| 117 | 128 | 150 | 190 | 224 | 232 | |
| Operating Profit | 2 | 9 | 26 | 40 | 53 | 57 |
| OPM % | 1.9% | 7% | 15% | 18% | 19% | 20% |
| 0 | 0 | 1 | 3 | 1 | 3 | |
| Interest | 2 | 2 | 3 | 5 | 6 | 9 |
| Depreciation | 2 | 2 | 3 | 7 | 10 | 13 |
| Profit before tax | -1 | 5 | 21 | 32 | 38 | 37 |
| Tax % | 3% | 28% | 24% | 27% | 25% | |
| -1 | 3 | 16 | 24 | 29 | 25 | |
| EPS in Rs | -0.56 | 1.68 | 8.14 | 9.07 | 11.07 | 10.12 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 26% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 105% |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 26% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 24 | 24 |
| Reserves | 4 | 7 | 21 | 98 | 147 |
| 17 | 21 | 36 | 48 | 54 | |
| 41 | 49 | 41 | 40 | 65 | |
| Total Liabilities | 82 | 98 | 118 | 211 | 290 |
| 29 | 33 | 48 | 76 | 101 | |
| CWIP | -0 | -0 | -0 | 4 | 12 |
| Investments | 6 | 7 | 3 | 33 | 20 |
| 46 | 58 | 66 | 98 | 156 | |
| Total Assets | 82 | 98 | 118 | 211 | 290 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 6 | 4 | 1 | -3 | 16 | |
| -11 | -6 | -15 | -62 | -40 | |
| 3 | 2 | 16 | 67 | 21 | |
| Net Cash Flow | -1 | 0 | 2 | 2 | -3 |
| Free Cash Flow | -1 | -1 | -18 | -41 | -26 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 275% | 60% | 23% | 14% | 49% |
Ratios
Consolidated / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 88 | 63 | 59 | 75 | 114 |
| Inventory Days | 46 | 71 | 96 | 126 | 112 |
| Days Payable | 185 | 251 | 102 | 103 | 135 |
| Cash Conversion Cycle | -51 | -117 | 53 | 98 | 92 |
| Working Capital Days | -11 | -21 | -1 | 50 | 95 |
| ROCE % | 16% | 37% | 29% | 23% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Number of Collection Centers count ・Standalone data |
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| Number of Diagnostic Centers & Labs count ・Standalone data |
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| Pathology Revenue Share % |
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| Total Tests Conducted Lakhs ・Standalone data |
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| B2C (Retail Diagnostics) Revenue Share % ・Standalone data |
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| B2G (Government PPPs) Revenue Share % ・Standalone data |
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| Total Patient Count Lakhs ・Standalone data |
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| Number of Franchise Centers count ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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General Updates
- Q2 FY27 diagnostics revenue rose 46.66%; 410 franchises added, total 685.
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General Updates
- Mr. Vinod Jain resigned as Independent Director effective 05 October 2026; board composition remains compliant.
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General Updates
- ICICI Bank sanctioned ₹5.22 crore loan for 128-slice CT scanner purchase.
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Resignation of Director/KMP/SMP
- Chandan Healthcare Limited has informed about Resignation of Director/KMP/SMP
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General Updates
- Vinod Jain resigned as Independent Director effective 05 October 2026; board compliance remains intact.
Concalls
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Aug 2026Transcript PPT REC
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Jun 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Dec 2025Transcript PPT
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Nov 2025PPT REC
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Aug 2025PPT
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.