Dr Agarwals Eye Hospital Ltd
₹ 5,123
3.16%
01 Jun
- close price
About
Dr Agarwal's Eye Hospital Ltd is a leading chain of eye hospitals with predominant presence in Tamil Nadu.[1]
Key Points
- Market Cap ₹ 2,473 Cr.
- Current Price ₹ 5,123
- High / Low ₹ 6,392 / 4,142
- Stock P/E 35.3
- Book Value ₹ 717
- Dividend Yield 0.12 %
- ROCE 17.4 %
- ROE 25.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 120% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Cons
- Stock is trading at 7.15 times its book value
- Company might be capitalizing the interest cost
- Promoters have pledged 29.3% 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 118 | 137 | 149 | 153 | 170 | 176 | 140 | 201 | 268 | 319 | 397 | 471 | |
| 103 | 119 | 126 | 129 | 140 | 129 | 109 | 143 | 192 | 227 | 277 | 326 | |
| Operating Profit | 15 | 18 | 23 | 24 | 30 | 47 | 31 | 59 | 76 | 92 | 120 | 145 |
| OPM % | 13% | 13% | 15% | 16% | 18% | 27% | 22% | 29% | 28% | 29% | 30% | 31% |
| 0 | -5 | 1 | 2 | 2 | 3 | 1 | 1 | 2 | 5 | 5 | 6 | |
| Interest | 4 | 5 | 4 | 3 | 4 | 9 | 7 | 7 | 8 | 8 | 15 | 12 |
| Depreciation | 6 | 9 | 9 | 10 | 11 | 21 | 19 | 20 | 20 | 27 | 39 | 46 |
| Profit before tax | 5 | -0 | 11 | 13 | 17 | 20 | 6 | 32 | 49 | 62 | 71 | 94 |
| Tax % | -6% | -104% | 33% | 49% | 32% | 31% | 125% | 25% | 25% | 26% | 23% | 25% |
| 6 | 0 | 7 | 7 | 12 | 14 | -1 | 24 | 37 | 46 | 55 | 70 | |
| EPS in Rs | 12.13 | 0.09 | 15.62 | 14.43 | 25.36 | 29.11 | -3.06 | 51.28 | 78.55 | 98.64 | 116.28 | 145.05 |
| Dividend Payout % | 10% | 940% | 10% | 8% | 6% | 0% | 0% | 6% | 4% | 3% | 5% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 27% |
| 3 Years: | 21% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 35% |
| 5 Years: | 120% |
| 3 Years: | 24% |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 39% |
| 5 Years: | 65% |
| 3 Years: | 51% |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 31% |
| 3 Years: | 29% |
| Last Year: | 25% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 19 | 19 | 25 | 30 | 41 | 51 | 50 | 73 | 109 | 152 | 205 | 341 |
| 27 | 31 | 23 | 18 | 24 | 60 | 68 | 193 | 232 | 268 | 333 | 326 | |
| 18 | 24 | 20 | 28 | 31 | 24 | 33 | 42 | 44 | 71 | 71 | 94 | |
| Total Liabilities | 69 | 79 | 72 | 81 | 100 | 141 | 155 | 314 | 390 | 496 | 613 | 766 |
| 26 | 34 | 33 | 36 | 55 | 94 | 96 | 214 | 260 | 316 | 393 | 403 | |
| CWIP | 0 | 1 | 1 | 3 | 0 | 0 | 0 | 26 | 62 | 97 | 128 | 197 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 89 |
| 43 | 44 | 38 | 42 | 45 | 47 | 60 | 73 | 67 | 83 | 80 | 78 | |
| Total Assets | 69 | 79 | 72 | 81 | 100 | 141 | 155 | 314 | 390 | 496 | 613 | 766 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14 | 17 | 20 | 19 | 25 | 39 | 34 | 57 | 70 | 90 | 94 | 145 | |
| -10 | -17 | -8 | -11 | -25 | -17 | -11 | -46 | -71 | -70 | -133 | -174 | |
| -5 | -0 | -12 | -8 | 2 | -20 | -8 | -4 | 0 | -14 | 17 | 25 | |
| Net Cash Flow | -1 | 0 | 0 | -0 | 2 | 2 | 15 | 7 | -1 | 6 | -22 | -4 |
| Free Cash Flow | 3 | 1 | 12 | 7 | 0 | 22 | 23 | 10 | -1 | 19 | -8 | 47 |
| CFO/OP | 106% | 113% | 103% | 98% | 111% | 96% | 120% | 112% | 107% | 112% | 95% | 106% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 19 | 24 | 16 | 17 | 19 | 14 | 23 | 16 | 14 | 15 | 13 | 14 |
| Inventory Days | 238 | 200 | 123 | 148 | 124 | 132 | 117 | 91 | 73 | 106 | 117 | 109 |
| Days Payable | 360 | 371 | 277 | 353 | 292 | 224 | 401 | 410 | 327 | 345 | 263 | 208 |
| Cash Conversion Cycle | -103 | -146 | -138 | -189 | -149 | -78 | -260 | -303 | -240 | -224 | -133 | -84 |
| Working Capital Days | -31 | -39 | -25 | -39 | -22 | -34 | -70 | -58 | -50 | -63 | -51 | 14 |
| ROCE % | 19% | 18% | 29% | 32% | 34% | 30% | 11% | 20% | 19% | 18% | 18% | 17% |
Insights
In beta| Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Number of Facilities (AEHL Standalone) Number |
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| Number of Permanent Employees (AEHL) Number |
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| Number of Eye Care Facilities (Group) Number |
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| Total Patients Served (Group) Millions |
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| Number of Doctors (AEHL Standalone) Number |
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| Number of Doctors (Group) Number |
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| Total Patients Served (AEHL Standalone) Number |
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| Total Surgeries Performed (AEHL Standalone) Number |
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| Total Surgeries Performed (Group) Number |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11m - Joint Newspaper Advertisement of the NCLT convened meetings of the Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company, is submitted.
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Letter To Equity Shareholders And Creditors
45m - Shareholders and creditors meetings on July 2, 2026 to approve amalgamation with Dr. Agarwal’s Health Care Limited.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
6h - NCLT-convened unsecured creditors meeting on July 2, 2026 for AEHL-AHCL amalgamation; remote voting June 7-July 1.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
6h - NCLT-convened secured creditors meeting on July 2, 2026 for AEHL-AHCL amalgamation; remote e-voting June 7-July 1.
- Notice Convening Meeting Of The Equity Shareholders Of The Company Pursuant To The Order Of Hon''ble NCLT, Chennai Bench 6h
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Concalls
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Aug 2025TranscriptAI SummaryPPT
History[1]
Incorporated in 1994, is a leading eye care services chain with a predominant presence in Tamil Nadu. AEHL offers comprehensive eye care services through a network of 63 facilities, supported by a team of over 230 doctors. Company operates as a subsidiary of Dr. Agarwal’s Health Care Limited, which holds a 71.9% stake.