ASTERDM

Aster DM Quality Care Limited

Multi-specialty hospital chain offering primary to quaternary care

Healthcare›Healthcare›Healthcare Services›Hospital

asterdmhealthcare.in(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹674.35
Market cap
58,781 Cr
Stock P/E
109.6
P/B
7.64
Dividend yield
0.1%
ROE (FY26)
8.0%
ROCE (FY26)
12.5%
Operating margin (FY26)
13.7%
Debt / equity (FY26)
0.15
OCF / EBITDA (FY26)
72.8%
OCF / EBITDA (3Y)
55.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

Aster DM Quality Care (formerly Aster DM Healthcare) runs hospitals in India, treating inpatients and outpatients, and since 1 July 2026 it has been the merged company of Aster DM Healthcare and Quality Care India.

Company snapshot

4thBy market cap

Ranked among 24 companies in Hospital.

Segment mix

Reportable segments as of 2024-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 97.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Clinics
0.8%
8 Cr-0.43 Cr36 Cr
Hospitals
97.0%
1,053 Cr207 Cr5,403 Cr
Others
0.1%
1 Cr-6 Cr33 Cr
Wholesale Pharmacies
2.1%
23 Cr-10 Cr63 Cr

What we see

Positives
  • ✓Debt-to-equity of 0.15x — the company is largely funded by its own money, not borrowed funds.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales3,317 Cr3,711 Cr974 Cr1,002 Cr1,086 Cr1,050 Cr1,000 Cr1,078 Cr1,197 Cr1,186 Cr1,182 Cr1,311 Cr
Operating expenses (approx.)2,939 Cr3,146 Cr814 Cr838 Cr867 Cr861 Cr808 Cr871 Cr947 Cr975 Cr950 Cr1,046 Cr
EBITDA377 Cr564 Cr159 Cr164 Cr220 Cr189 Cr192 Cr207 Cr250 Cr211 Cr233 Cr264 Cr
OPM %11.4%15.2%16.4%16.3%20.2%18.0%19.2%19.2%20.9%17.8%19.7%20.2%
Other income9 Cr8 Cr4 Cr49 Cr35 Cr33 Cr31 Cr33 Cr28 Cr28 Cr36 Cr37 Cr
Interest102 Cr99 Cr30 Cr29 Cr31 Cr31 Cr32 Cr31 Cr31 Cr31 Cr30 Cr31 Cr
Depreciation227 Cr232 Cr58 Cr60 Cr62 Cr62 Cr64 Cr63 Cr66 Cr68 Cr67 Cr69 Cr
Profit before tax-5 Cr233 Cr29 Cr5,191 Cr159 Cr102 Cr91 Cr136 Cr167 Cr103 Cr163 Cr78 Cr
Tax %-197.1%10.4%107.5%0.8%33.3%36.8%5.5%31.4%27.3%43.1%6.0%62.5%
Net profit-15 Cr209 Cr-2 Cr5,152 Cr106 Cr64 Cr86 Cr94 Cr121 Cr59 Cr154 Cr29 Cr
EPS (₹)₹-0.62₹3.60₹-0.48₹103.34₹1.94₹1.14₹1.59₹1.67₹2.13₹1.02₹2.72₹0.31

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,931 Cr6,721 Cr7,963 Cr8,739 Cr8,608 Cr10,253 Cr11,933 Cr3,699 Cr4,138 Cr4,643 CrSign in free for the trailing twelve months
Operating expenses (approx.)5,599 Cr6,108 Cr7,100 Cr7,481 Cr7,546 Cr8,770 Cr10,368 Cr3,121 Cr3,374 Cr3,742 CrSign in free for the trailing twelve months
EBITDA332 Cr613 Cr863 Cr1,258 Cr1,063 Cr1,483 Cr1,565 Cr578 Cr765 Cr901 CrSign in free for the trailing twelve months
OPM %5.6%9.1%10.8%14.4%12.3%14.5%13.1%15.6%18.5%19.4%Sign in free for the trailing twelve months
Other income37 Cr45 Cr35 Cr38 Cr50 Cr51 Cr78 Cr25 Cr148 Cr126 CrSign in free for the trailing twelve months
Interest354 Cr185 Cr179 Cr360 Cr294 Cr257 Cr329 Cr110 Cr124 Cr123 CrSign in free for the trailing twelve months
Depreciation322 Cr298 Cr306 Cr586 Cr618 Cr641 Cr780 Cr220 Cr249 Cr264 CrSign in free for the trailing twelve months
Profit before tax108 Cr308 Cr410 Cr330 Cr205 Cr637 Cr535 Cr330 Cr5,542 Cr570 CrSign in free for the trailing twelve months
Tax %10.0%8.5%10.5%4.7%13.3%5.6%11.1%35.9%2.4%25.0%Sign in free for the trailing twelve months
Net profit98 Cr282 Cr367 Cr315 Cr178 Cr601 Cr475 Cr212 Cr5,408 Cr427 CrSign in free for the trailing twelve months
EPS (₹)₹2.20₹5.75₹6.63₹5.51₹2.97₹10.58₹8.55₹2.60₹107.98₹7.53Sign in free for the trailing twelve months
Dividend payout %————5.3%3.4%5.7%8.5%114.2%12.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital403 Cr505 Cr505 Cr500 Cr497 Cr497 Cr500 Cr500 Cr500 Cr518 Cr
Reserves1,472 Cr2,327 Cr2,709 Cr2,773 Cr2,875 Cr3,456 Cr3,949 Cr4,060 Cr2,929 Cr4,058 Cr
Borrowings2,721 Cr2,212 Cr2,608 Cr2,479 Cr1,914 Cr2,192 Cr2,287 Cr669 Cr642 Cr701 Cr
Other liabilities1,836 Cr2,082 Cr2,649 Cr6,240 Cr5,895 Cr5,871 Cr7,733 Cr12,292 Cr2,313 Cr2,577 Cr
Total liabilities6,807 Cr7,484 Cr8,936 Cr12,438 Cr11,643 Cr12,546 Cr14,881 Cr17,991 Cr6,606 Cr8,112 Cr
Fixed assets (net)2,767 Cr2,965 Cr3,322 Cr3,526 Cr3,279 Cr3,358 Cr4,629 Cr2,880 Cr3,628 Cr2,619 Cr
CWIP290 Cr402 Cr550 Cr736 Cr934 Cr978 Cr255 Cr170 Cr291 Cr413 Cr
Investments32 Cr38 Cr22 Cr34 Cr63 Cr45 Cr80 Cr17 Cr245 Cr1,167 Cr
Loans & advances——23 Cr30 Cr68 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories526 Cr627 Cr732 Cr961 Cr849 Cr1,026 Cr1,306 Cr111 Cr92 Cr91 Cr
Trade receivables1,288 Cr1,546 Cr2,029 Cr2,366 Cr2,019 Cr2,021 Cr2,336 Cr233 Cr258 Cr307 Cr
Cash & bank137 Cr204 Cr228 Cr151 Cr258 Cr343 Cr379 Cr82 Cr165 Cr228 Cr
Other assets1,768 Cr1,702 Cr2,031 Cr4,634 Cr4,174 Cr4,776 Cr5,898 Cr14,498 Cr1,928 Cr3,288 Cr
Total assets6,807 Cr7,484 Cr8,936 Cr12,438 Cr11,643 Cr12,546 Cr14,881 Cr17,991 Cr6,606 Cr8,112 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity361 Cr537 Cr601 Cr1,223 Cr1,569 Cr1,313 Cr1,834 Cr158 Cr425 Cr656 Cr
Cash from investing-1,153 Cr-523 Cr-709 Cr-667 Cr-330 Cr-570 Cr-972 Cr-885 Cr6,015 Cr-288 Cr
Cash from financing654 Cr46 Cr134 Cr-675 Cr-1,116 Cr-685 Cr-817 Cr1,053 Cr-6,358 Cr-304 Cr
Net cash flow-138 Cr61 Cr26 Cr-119 Cr120 Cr65 Cr66 Cr332 Cr82 Cr63 Cr
Free cash flow (OCF − Capex)-571 Cr18 Cr23 Cr692 Cr1,183 Cr765 Cr986 Cr-648 Cr68 Cr178 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.3%9.1%9.4%11.1%8.7%13.4%12.1%7.7%132.0%12.5%
ROE %4.5%8.8%9.1%7.4%3.9%11.7%8.7%2.6%147.3%8.0%
Debtor days79849399857271232324
Inventory days323433403636401187
Days payable48464654867591453738
Cash conversion cycle63728085363320-11-7-7
OCF / EBITDA %108.6%87.7%69.6%97.3%147.6%88.6%117.2%27.3%55.6%72.8%
OCF / EBITDA % (3 years)——82.9%86.4%106.6%107.9%114.7%91.1%83.1%55.2%
Debt / equity1.450.780.810.760.570.550.510.150.190.15
Current ratio1.121.291.361.101.141.151.060.652.161.99
Net debt / EBITDA7.78—2.761.851.561.251.221.020.620.53