Thyrocare Technologies Ltd

About [ edit ]

Thyrocare Technologies is engaged in the business of healthcare industry and is involved in providing quality diagnostic services at affordable costs to patients, laboratories and hospitals in India.

  • Market Cap 4,804 Cr.
  • Current Price 908
  • High / Low 1,212 / 410
  • Stock P/E 65.4
  • Book Value 79.7
  • Dividend Yield 1.10 %
  • ROCE 35.3 %
  • ROE 22.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 70.49%

Cons

  • Stock is trading at 11.39 times its book value

Peer comparison

Sector: Healthcare Industry: Healthcare

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
97 97 104 96 106 110 116 106 101 56 153 138
59 56 61 61 71 64 64 62 70 48 91 89
Operating Profit 37 41 43 36 34 46 52 44 31 8 62 50
OPM % 38% 42% 41% 37% 33% 42% 45% 41% 31% 15% 40% 36%
Other Income 11 2 3 4 2 3 3 1 -5 1 5 3
Interest 0 0 0 0 0 0 1 0 0 0 0 0
Depreciation 6 6 7 7 7 7 8 8 8 7 8 8
Profit before tax 42 38 39 32 29 40 46 36 18 2 59 44
Tax % 41% 38% 35% 37% 44% 32% 24% 25% 109% 89% 27% 27%
Net Profit 25 23 25 20 16 27 35 27 -2 0 43 32
EPS in Rs 4.68 4.36 4.70 3.82 3.09 5.20 6.64 5.20 -0.30 0.04 8.15 6.13
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
183 241 304 356 403 433 449
110 147 190 214 249 266 299
Operating Profit 73 94 114 143 154 168 151
OPM % 40% 39% 37% 40% 38% 39% 34%
Other Income 8 7 -14 23 11 6 4
Interest 0 1 0 0 1 2 1
Depreciation 13 18 18 20 26 32 31
Profit before tax 68 82 82 145 138 140 123
Tax % 35% 37% 48% 36% 38% 37%
Net Profit 45 52 43 93 85 88 74
EPS in Rs 8.95 9.64 7.98 17.36 16.13 16.73 14.02
Dividend Payout % 171% 104% 125% 58% 124% 30%
Compounded Sales Growth
10 Years:%
5 Years:19%
3 Years:12%
TTM:3%
Compounded Profit Growth
10 Years:%
5 Years:15%
3 Years:17%
TTM:-31%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:13%
1 Year:55%
Return on Equity
10 Years:%
5 Years:19%
3 Years:21%
Last Year:22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
51 54 54 54 53 53 53
Reserves 226 312 354 390 382 314 369
Borrowings -0 -0 -0 -0 2 12 13
53 44 30 36 37 90 90
Total Liabilities 329 410 438 479 475 469 524
196 259 259 299 294 269 271
CWIP 6 1 17 -0 1 5 3
Investments 86 93 104 120 95 90 100
42 56 58 60 84 105 150
Total Assets 329 410 438 479 475 469 524

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
34 68 90 107 100 168
-18 -18 -42 -43 -12 1
-23 -45 -49 -64 -94 -165
Net Cash Flow -6 5 -0 -0 -5 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 25% 28% 33% 30% 35%
Debtor Days 10 11 8 10 11 14
Inventory Turnover 8.37 6.96 6.44 6.73 6.50

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
63.96 63.96 63.96 65.12 65.71 65.95 66.06 66.01 66.01 66.04 66.11 66.14
9.73 10.39 11.22 11.68 11.67 10.90 10.71 10.76 16.16 17.67 17.87 20.78
19.32 17.82 16.67 14.95 13.74 14.18 14.81 14.83 9.30 10.38 10.86 7.42
6.98 7.83 8.15 8.25 8.88 8.98 8.42 8.39 8.52 5.91 5.16 5.66

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