āagman

Not investment advice. Data and computed figures, for information only.

Thyrocare Technologies Ltd

NSE: THYROCARE
₹487.55
−₹6.25 (−1.27%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹7,953 Cr
CMP
₹487.55
52-wk High / Low
₹1,610 / 343
P/E
44.0
P/B
13.6
Book Value
₹36.8
Div Yield
1.87%
ROCE
35.0%
ROE
28.4%
Face Value
₹10
D/E
0.09

Price−61.4% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹92
√(22.5 × EPS × book value per share)
ROIC
24.5%
vs 11.2% sector median
Cash flow to profit
1.31
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+203
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
5.0%
ROE × earnings retention ratio
ROE stability
8.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −9.90FII +4.00DII +4.92
Latest quarter vs the previous one
Cash-accrual divergence
−6.9%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+PE of 44x is below the sector median of 45.9x
Watch-outs
−Price is 69.7% below its 52-week high
−Annualised volatility of 115.9% is in the high band (≥45%)
−Promoter holding fell by 20.1pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales135148135154157177166187193217196224240
Expenses100110103121115129124130135145138149163
Operating Profit35383234424842575871587577
OPM %25.9%25.7%23.7%22.1%26.8%27.1%25.3%30.5%30.1%32.7%29.6%33.5%32.1%
Other Income1333434553−155
Interest1111111111021
Depreciation10111313111317141112221412
Profit before tax25282023343728475063356468
Net Profit17201517242619223848284951
EPS (₹)1.091.280.971.121.521.681.201.362.453.021.822.963.28

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales183241304356403434495589527572687829876
Expenses110147189212249261323353403432498566594
Operating Profit7394115145154174171236123140190263282
OPM %39.9%39.0%37.8%40.7%38.2%40.1%34.5%40.1%23.3%24.5%27.7%31.7%32.2%
Other Income87−1521111122999151212
Interest0100121356443
Depreciation13181820263230343947555960
Profit before tax6882821451381401522288996145213231
Net Profit445243938588113176646991163176
EPS (₹)2.983.212.665.795.385.587.1311.104.064.455.7610.2411.08

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital5154545453535353535353159—
Reserves226312354390382314374474481474494426—
Borrowings000021282123422551—
Other Liabilities534430363790106607475121111—
Total Liabilities329410438479475469541607632644693747—
Fixed Assets196259259299294269253285294306297317—
CWIP61170158323143—
Investments86931041209590126146144162162177—
Other Assets4256586084105154173192173220250—
Total Assets329410438479475469541607632644693747—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity346890107100168115113129168191213
Cash from Investing Activity−18−18−42−43−121−49−24−39−91−53−23
Cash from Financing Activity−23−45−49−64−94−165−62−89−86−85−130−170
Net Cash Flow−6500−54404−8821

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—24.028.033.030.035.036.042.017.018.025.035.0
ROE %———————————28.4
EPS (₹)2.983.212.665.795.385.587.1311.104.064.455.7610.24
Book Value (₹)———————————36.8
Face Value (₹)———————————10
P/E———————————44.0
Div Yield %———————————1.87
NPM %23.021.014.924.720.520.222.328.511.911.913.019.4
OPM %40.039.038.041.038.040.035.040.023.024.028.032.0
D/E0.000.000.000.000.000.030.020.040.040.080.050.09
P/B———————————13.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+13.0%
5 years+11.0%
3 years+16.0%
TTM+21.0%
Compounded profit growth
10 years+12.0%
5 years+8.0%
3 years+36.0%
TTM+70.0%
Stock price CAGR
10 years+9.0%
5 years+6.0%
3 years+38.0%
Last year+19.0%
Return on equity
10 years21.0%
5 years20.0%
3 years20.0%
Last year28.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters63.96%63.96%63.96%63.96%65.71%66.01%66.14%71.18%71.14%71.11%71.06%60.92%51.02%
FIIs4.47%4.47%4.47%9.73%11.67%16.16%20.54%12.68%9.99%2.90%2.41%5.37%9.37%
DIIs12.11%12.11%12.11%19.32%13.74%9.30%7.18%6.88%8.45%14.88%14.97%21.00%25.92%
Government—————————————
Public19.21%19.21%19.21%6.98%8.88%8.52%6.14%9.26%10.40%11.11%11.57%12.71%13.69%
No. of shareholders25,67925,67925,67926,25028,08734,41644,72266,31574,38664,82357,40373,37775,186
Change since Jun 2023 (pp)
Promoters −12.94FIIs +4.90DIIs +13.81Public −5.52

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Newspaper PublicationShareholder Meeting / Postal Ballot-Notice of Postal BallotGrant Of Employee Stock Options Under Thyrocare Employee Stock Option Scheme.Closure of Trading Window
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingOct 2025TranscriptOct 2025PPTJul 2025TranscriptJul 2025PPTJul 2025Recording

Corporate actions

As of 23 Jun 2026
23 Jun 2026DIVIDENDDividend - Rs 7 Per Share—
28 Nov 2025BONUSBonus 2:1—
24 Oct 2025DIVIDENDInterim Dividend - Rs 7 Per Share—
25 Jul 2025DIVIDENDDividend - Rs 21 Per Share—
16 Aug 2024DIVIDENDDividend - Rs 18 Per Share—
20 Apr 2023DIVIDENDInterim Dividend - Rs 18 Per Share—
11 May 2022DIVIDENDInterim Dividend - Rs 15 Per Share—
17 Jun 2021DIVIDEND Annual General Meeting/Dividend - Rs 15 Per Share—
12 Nov 2020DIVIDEND Interim Dividend - Rs 10 Per Share—
21 Nov 2019DIVIDEND Interim Dividend - Rs 5 Per Share—
14 Aug 2019DIVIDEND Dividend - Rs 20 Per Share—
2 Aug 2018DIVIDEND Annual General Meeting/Dividend- Rs 5 Per Share—
15 Feb 2018DIVIDEND Interim Dividend Rs 5/- Per Share—
3 Aug 2017DIVIDEND Annual General Meeting/Dividend - Rs 5/- Per Share—
8 Feb 2017DIVIDEND Interim Dividend Rs 5/- Per Share (Purpose Revised)—
1 Sep 2016DIVIDEND Annual General Meeting/Dividend - Rs 2.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman