On 6 Nov 2026, Indraprastha Medical Corporation was priced at ₹330.20, or 16.1× trailing earnings, against an industry P/E of 47.7×, and the shares are 47% below their 52-week high. Its ROCE of 30% is the highest among the 7 largest Medical Care Facilities peers, and sales and net profit grew 10% and 29% a year over 3 years. It has almost no debt, and its dividend yield is 1.2%. It is a small-cap company with a market cap of ₹3,027 Cr, ranked 17th of 40 Medical Care Facilities companies by market cap; the shares fell 45% over the past year.
- ₹332.80
- ₹332.80
- ₹327.00
- ₹333.75
- 78.7K
Health check
- ReturnsBehind
−44.8% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 16.1 vs industry 47.7.
- GrowthSteady
Sales +10.2%, profit +28.7% a year over 3 years.
- ProfitabilityStrong
ROCE 30.3% vs peer median 11.9%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags1 to check
47% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹3,027 Cr
- Small cap
- P/E
- 16.1
- Industry 47.7
- Price to book
- 3.72
- Peers 8.06
- Dividend yield
- 1.21%
- ROE
- 26.1%
- Peers 12.8%
- ROCE
- 30.3%
- Peers 11.9%
- Debt to equity
- 0.04
- Debt ₹35 Cr
- EPS (TTM)
- ₹20.51
- Face value ₹10
- OPM (TTM)
- 18.3%
- Net margin 12.4%
- Sales growth
- +11.3%
- Latest quarter vs a year ago
- Profit growth
- +8.5%
- Latest quarter vs a year ago
- Price to sales
- 1.95
- EV/EBITDA 9.9
Strengths and risks
Strengths
- Return on equity of 26.1%.
- Return on capital employed of 30.3%.
- Practically debt-free.
- P/E of 16.1 against an industry P/E of 47.7.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- 47% below its 52-week high.
About Indraprastha Medical Corporation
Indraprastha Medical Corporation Limited provides hospital services in India. The company offers services primarily in the areas of genomic medicine, internal medicine, elder care, anesthesiology, bariatric and metabolic surgery, bone marrow transplant, dental and cosmetic clinic, dermatology, dietetics and clinical nutrition, vascular and endovascular surgery, endocrinology, ENT, fetal medicine, general and laparoscopic surgery, gynecology and…
- Headquarters
- New Delhi
- Employees
- 3,000
- Sector
- Healthcare
- ISIN
- INE681B01017
- Website
- apollohospitals.com
Price range
- Avg volume (3M)
- 2 L
- 1-year return
- minus 44.8%
- From 52-week high
- minus 47.0%
Peers · Medical Care Facilities
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| APOLLOHOSPApollo Hospitals Enterprise | 8,446.00 | plus 0.90% | 1,21,441 | 54.0 | 11.45 | 19.2% | 22.5% | 15.4% | 14.8% | 33.3% | 0.24% | plus 7.2% |
| MAXHEALTHMax Healthcare Institute | 934.00 | plus 0.21% | 90,909 | 66.1 | 8.03 | 12.6% | 12.8% | 26.8% | 22.4% | 9.3% | 0.21% | minus 18.1% |
| MANIPALHOSManipal Health Enterprises | 646.70 | minus 1.61% | 85,065 | 133.6 | 9.05 | 9.8% | 9.2% | 17.8% | – | – | 0.00% | minus 3.0% |
| ASTERDMAster DM Quality Care | 713.15 | minus 0.89% | 62,092 | 90.7 | 8.06 | 9.4% | 9.7% | 17.4% | 15.7% | −3.0% | 0.42% | plus 4.5% |
| FORTISFortis Healthcare | 766.90 | minus 6.45% | 57,898 | 55.7 | 5.52 | 11.9% | 10.4% | 22.2% | 13.3% | 20.9% | 0.13% | minus 19.6% |
| NHNarayana Hrudayalaya | 1,903.00 | minus 0.65% | 38,650 | 44.7 | 7.73 | 11.4% | 19.1% | 18.5% | 20.5% | 9.9% | 0.24% | plus 4.7% |
| MEDANTAGlobal Health | 1,387.60 | minus 0.15% | 37,264 | 60.4 | 8.63 | 15.0% | 15.2% | 22.1% | 17.2% | 19.5% | 0.04% | plus 11.2% |
| INDRAMEDCOIndraprastha Medical Corporation | 330.20 | minus 1.06% | 3,027 | 16.1 | 3.72 | 30.3% | 26.1% | 18.3% | 10.2% | 28.7% | 1.21% | minus 44.8% |
| Median of 7 peers | – | −0.65% | 62,092 | 60.4 | 8.06 | 11.9% | 12.8% | 18.5% | 16.5% | 14.7% | 0.21% | 4.5% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 334 | 365 | 372 | 365 | 406 | |
| – | – | – | +9.3% | +11.3% | |
| 272 | 292 | 310 | 304 | 326 | |
| 61.3 | 73.2 | 62 | 60.5 | 79.8 | |
| 18.4% | 20.0% | 16.7% | 16.6% | 19.7% | |
| 6.4 | 6.9 | 7.2 | 7.3 | 8.4 | |
| 1.5 | 1.6 | 1.5 | 1.5 | 1.7 | |
| 10.9 | 10.2 | 11.3 | 11.3 | 11.8 | |
| 55.3 | 68.3 | 56.4 | 55 | 74.8 | |
| 25.8% | 24.7% | 27.3% | 24.2% | 25.4% | |
| 41 | 51.5 | 41 | 41.7 | 55.9 | |
| – | – | – | +1.7% | +8.5% | |
| 4.47 | 5.61 | 4.47 | 4.55 | 6.09 |
Profit & loss
- Sales CAGR 3Y
- +10.2%
- Profit CAGR 3Y
- +28.7%
- EPS CAGR 3Y
- +28.7%
- ROE
- 26.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,065 | 1,204 | 1,307 | 1,425 | |
| – | +13.1% | +8.5% | +9.0% | |
| 913 | 1,000 | 1,053 | 1,148 | |
| 152 | 204 | 254 | 277 | |
| 14.2% | 17.0% | 19.5% | 19.4% | |
| 6.2 | 4.3 | 9.8 | 14.8 | |
| 0.5 | 1.1 | 3 | 2.9 | |
| 39.3 | 40.1 | 44.3 | 43.6 | |
| −0.9 | −1.2 | −0.5 | 0.6 | |
| 117 | 166 | 216 | 246 | |
| 26.5% | 25.4% | 25.6% | 25.4% | |
| 86.2 | 124 | 161 | 184 | |
| – | +43.9% | +29.9% | +14.1% | |
| 9.40 | 13.52 | 17.56 | 20.03 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 91.7 | 91.7 | 91.7 | 91.7 | |
| 288 | 386 | 505 | 649 | |
| 2.5 | 34 | 32.8 | 36.9 | |
| 173 | 212 | 222 | 214 | |
| 555 | 723 | 852 | 991 | |
| 281 | 349 | 361 | 369 | |
| 7.2 | 3 | 33.2 | 4.1 | |
| 47.4 | 60.5 | 54.9 | 201 | |
| 133 | 228 | 328 | 271 | |
| 86.2 | 82.6 | 75.2 | 147 | |
| 555 | 723 | 852 | 991 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 144 | 200 | 157 | 167 | |
| −108 | −158 | −111 | −178 | |
| −26 | −32.4 | −45.9 | −46.4 | |
| 10.5 | 9.3 | −0.1 | −56.6 | |
| −44.6 | −69.4 | −36.3 | −59.7 | |
| 99.9 | 131 | 120 | 108 | |
| −22.8 | −27.5 | −40.7 | −41 |
Shareholding pattern
- Promoters51.00%
- Public49.00%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 51.00% | 49.00% | 0.00 | |
| 30 Jun 2026 | 51.00% | 49.00% | 0.00 | |
| 31 Mar 2026 | 51.00% | 49.00% | 0.00 | |
| 31 Dec 2025 | 51.00% | 49.00% | 0.00 | |
| 30 Sep 2025 | 51.00% | 49.00% | – |
Major shareholders
Filings & events
News
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