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Aster DM Healthcare Ltd

₹ 6261.69%
06 Jan – close price
🔗asterdmhealthcare.in•BSE: 540975•NSE: ASTERDM
Market Cap₹ 32,416 Cr.
Current Price₹ 626
High / Low₹ 732
Stock P/E96.0
Book Value₹ 85.6
Dividend Yield0.80 %
ROCE139 %
ROE200 %
Face Value₹ 10.0
Sales₹ 2,445 Cr.
OPM20.8 %
Mar Cap₹ 32,416 Cr.

ABOUT

Aster DM Healthcare Limited is one of the largest integrated private healthcare service providers operating in GCC (Gulf Cooperation Council) countries and an emerging player in India. With an inherent emphasis on clinical excellence, it is one of the few entities in the world with a strong presence across primary, secondary, tertiary and quaternary healthcare.[1]

KEY POINTS

Merger of Aster DM & Quality Care[1]Aster DM and Blackstone-backed Quality Care are to merge and create one of the top 3 hospital chains in India with 10,360+ beds. The merged listed entity will be named Aster DM Quality Care Limited and will be one of the largest M&A in the hospital space in India based on number of operational beds. Aster acquired a 5.0% stake in QCIL from Blackstone and TPG in consideration of primary share issuance by Aster for 3.6% stake followed by merger of QCIL into Aster by way of a scheme of amalgamation.Inter-se shareholding between Aster DM and Quality Care shareholders would be 57.3% and 42.7% respectively. The merger is cash neutral and is expected to be EPS accretive from 1st full year of operations.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Apollo Hospitals7348.0063.19105652.970.26494.0025.986303.5012.7816.6423264.7014.291671.90477.2011.627.770.88
2.Max Healthcare1051.6072.62102320.830.14491.3074.342135.4725.0714.887941.0926.561409.01491.3010.178.320.33
3.Fortis Health.945.0070.8271343.540.11328.8240.232331.4417.2511.968433.6222.031007.34304.117.576.670.34
4.Narayana Hrudaya1936.4046.5439572.430.23258.4929.641643.7920.2820.755961.0923.53850.33258.169.7512.220.58
5.Global Health1208.9054.3532494.070.04158.4021.091099.2214.9119.744004.7523.87597.87158.448.7611.460.25
6.Aster DM Health.625.6595.9632416.240.80104.6116.75681.8112.76139.442445.0320.84337.81104.897.31123.800.28
7.Krishna Institu.629.0576.5825170.740.0072.00-37.45960.7023.5915.003401.6022.98328.6867.1811.098.321.40
–Median: 28 Co.476.4352.335223.680.033.2320.55333.2316.0315.831257.9721.44105.729.836.118.320.34

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
399524576457566613429546574378509605682
Expenses
328433465374464480344446459301423476532
Operating Profit
719211183101134851001157786129150
Other Income
111314115,99234124918204744
Profit before tax
415368536,0371085447635757120132
Tax %
17%0%27%0%0%25%4%117%2%0%-4%25%21%
Net Profit
355350536,0088152-861575990105
EPS in Rs
0.691.061.001.06120.281.561.04-0.161.221.141.181.802.02

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
1531893805305957607471,1161,5342,0362,3202,445
Expenses
121142274275195546867049631,2401,6711,8581,936
Operating Profit
-11-60-38-4712417442153293366463509
Other Income
8640513901483113218250486,061101
Interest
334135228541133364756839189
Depreciation
12248685964899599104121145150
Profit before tax
72-77-17047-874965-68901822096,288371
Net Profit
70-78-17047-874861-69901731576,209296
EPS in Rs
1.86-2.00-4.211.16-1.730.951.21-1.381.813.473.14124.305.80
Dividend Payout %
89%0%0%0%0%0%0%0%0%0%3,819%4%–

Compounded Profit Growth

10 Years:55%
5 Years:149%
3 Years:302%
TTM:-94%

Compounded Sales Growth

10 Years:46%
5 Years:25%
3 Years:28%
TTM:9%

Return on Equity

10 Years:23%
5 Years:44%
3 Years:74%
Last Year:200%

Stock Price CAGR

10 Years:%
5 Years:30%
3 Years:40%
1 Year:18%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
375389403403505505497497500500500500518
Reserves
1032095351,9252,4212,4752,4342,3672,0812,2572,4202,4663,917
Borrowings
2663841,9146451101253494178951,0721,2161,5741,231
Other Liabilities
24124168251257271273307286274402425456
Total Liabilities
7681,1053,0213,2243,2933,3763,5523,5893,7624,1024,5384,9656,122
Fixed Assets
374695477147727531,0161,0091,0131,0081,3331,7601,852
Gross Block
38.21492.88618.64853.97970.101,010.961,362.611,449.561,552.391,646.202,088.462,666.91–
Accumulated Depreciation
1.6523.9672.06139.63197.77257.70346.78440.66539.13637.91755.60906.47–
CWIP
28710013063177020112367395556
Investments
2663172,0372,1372,0862,0952,1502,1512,1662,1412,1761,0092,127
Other Assets
1782193073094174583664185608869902,1402,088
Total Assets
7681,1053,0213,2243,2933,3763,5523,5893,7624,1024,5384,9656,122

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
–––-51-3-51984278246413367
Cash from Investing Activity
–––-251-18-3640-38-49-332-3426,023
Cash from Financing Activity
–––222957-126-12-1892-67-6,298
Net Cash Flow
–––-8074-8012-9116392

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
7424128242122212120262322
Inventory Days
–171100664238493832383933
Days Payable
–2881501025764240270173228200198
Cash Conversion Cycle
742-75-22-136-4-170-210-122-163-139-143
Working Capital Days
-11,217-74-67-17-2821-94-72-55-29-33-15
ROCE %
12%-5%-4%-4%-1%2%3%-1%4%7%7%139%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
37.88%41.88%41.88%41.88%41.88%41.88%41.88%41.88%41.88%41.89%40.39%40.39%
FIIs
42.49%38.63%38.82%40.22%41.00%33.48%27.08%23.86%22.62%21.66%19.64%18.72%
DIIs
8.93%8.93%8.62%7.64%7.15%13.70%16.35%20.91%22.91%24.58%25.28%26.32%
Public
10.25%10.12%10.26%9.85%9.61%10.59%14.38%13.05%12.30%11.60%14.45%14.33%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Aster DM Healthcare Shareholders Approve Executive Director Appointment and Financial Guarantees

16th April 2026, 12:49 am

Aster DM Healthcare Expands Bengaluru Hospital Facility with ₹96 Crore Investment

13th April 2026, 4:10 pm

Aster DM Healthcare Files SEBI Compliance Certificate for Q4 FY26

7th April 2026, 10:53 pm

Aster DM Healthcare Publishes Newspaper Advertisement for Quality Care India Amalgamation Hearing

2nd April 2026, 9:49 pm

Aster DM Healthcare Declares Interim Dividend of ₹3/Share, Details TDS Rules

28th March 2026, 12:18 am

Published by Other Websites

External media mentions & references

Aster DM Healthcare Targets India's Largest Chain With 3,300+ Bed Expansion

17th April 2026, 1:15 am

Aster DM Healthcare Kerala Operations Resume, Strike Ends, ₹5.78 Cr Revenue Loss Reported

15th April 2026, 3:17 pm

Nifty Tumbles Below 24K as Crude Surges; Aster DM, GAIL, Lemon Tree Stocks Eye Moves

14th April 2026, 5:48 pm

Aster DM Healthcare Invests ₹96 Cr for 159 New Beds in Bengaluru Hospital

13th April 2026, 5:00 pm

Aster DM Healthcare Boosts Bengaluru Capacity by Rs 96 Cr, Adds 159 Beds

13th April 2026, 4:22 pm

News Articles

Editorial & research coverage

Hospital Stocks Rally, But Capex Strain and Margin Risks Loom
Hospital Stocks Rally, But Capex Strain and Margin Risks Loom

11th February 2026, 2:22 pm

Aster DM Healthcare: Prabhudas Lilladher Reiterates Buy, Sets Rs 715 Target
Aster DM Healthcare: Prabhudas Lilladher Reiterates Buy, Sets Rs 715 Target

4th February 2026, 11:20 am

Post-Budget Sell-off: Analysts Eye Select Stocks
Post-Budget Sell-off: Analysts Eye Select Stocks

2nd February 2026, 7:13 am

Healthcare Stocks Rally on Budget Boost Amid Market Slump
Healthcare Stocks Rally on Budget Boost Amid Market Slump

1st February 2026, 4:58 pm

Mega Healthcare Merger Alert! Aster DM Healthcare Eyes Quality Domination in Landmark Deal
Mega Healthcare Merger Alert! Aster DM Healthcare Eyes Quality Domination in Landmark Deal

30th December 2025, 9:38 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

14h - Certificate issued by MUFG Intime India Private Limited (Formerly Link Intime India Private Limited), Registrar to an issue and Share Transfer Agent of the Company, …

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

3 Jan - A hospital visit has been scheduled for a group of Investors / Analysts at Aster Medcity, Kochi and QCIL KIMS, Trivandrum, followed by interactions with …

Announcement under Regulation 30 (LODR)-Updates on Acquisition

31 Dec - On Dec 30, 2025 acquired 11.94% of Prerana Hospital for INR 38.36 crore; stake now 98.92%.

Closure of Trading Window
Clarification Regarding Media Release

20 Dec - Clarifies proposed ₹125 crore Kottakkal healthcare project (Dec 18) pending board and subsidiary approvals.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Credit Ratings

Rating update

3 Oct 2025 from icra

Rating update

16 Apr 2024 from icra

Rating update

7 Dec 2023 from icra

Rating update

20 Oct 2022 from icra

Rating update

9 Aug 2021 from icra

Rating update

28 Aug 2020 from icra

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Stock Analysis

Description

Aster DM Healthcare Limited is one of the largest integrated private healthcare service providers operating in GCC countries and an emerging player in India. With an inherent emphasis on clinical excellence, it is one of the few entities in the world with a strong presence across primary, secondary, tertiary and quaternary healthcare.

Key Growth Triggers

  1. The company is progressing with its merger with Quality Care India Ltd., aiming to create one of India's top hospital chains with over 10,360 beds.
  2. Aster DM Healthcare has strategic plans for significant expansion of its bed capacity across India.

Key Dates To Watch

  1. Expected completion of the merger with Quality Care India Ltd. by Q1 FY2027, subject to regulatory and shareholder approvals.

Corporate Announcements

15th Apr 26
Impact Rating: 7
Aster DM Healthcare shareholders have passed two special resolutions via postal ballot, approving the appointment of an Executive Director and the company's ability to grant loans or guarantees.
13th Apr 26
Impact Rating: 8
Aster DM Healthcare has invested ₹96 crore in expanding its Women & Children facility at Aster Whitefield Hospital, Bengaluru. This increases the hospital's bed capacity to 539 from 380, enhancing specialised maternity and pediatric care services.
7th Apr 26
Impact Rating: 3
Aster DM Healthcare Limited has filed a confirmation certificate with stock exchanges, validating its compliance with SEBI dematerialisation regulations for the quarter ending March 31, 2026, as certified by its registrar.
2nd Apr 26
Impact Rating: -
No description available.
27th Mar 26
Impact Rating: 7
Aster DM Healthcare has announced an interim dividend of ₹3 per share for FY 2025-26, with April 3, 2026, fixed as the record date. The company also detailed Tax Deducted at Source (TDS) procedures, outlining rates and document requirements for both resident and non-resident shareholders, including a deadline of April 6, 2026, for submissions.