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Thyrocare Technologies Ltd . Mid Cap

BSE: 539871 | NSE: THYROCARE
Healthcare
Live
20/04/2021 4:00:00 PM
1016.20 -33.90   (-3.23%)
BSE: price shown with 5 mins delayed.
Prev. Close 1050.10
Open Price 1050.00
Volume Traded 40575.00

Fundamentals

Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20
Ajusted EPS(Rs.) 8.71 9.64 7.98 17.36 16.13 16.73
Net Sales (Rs. Cr.) 182.96 240.97 304.39 356.32 402.91 433.2
Adjusted Net Profit 43.6 51.14 56.09 90.3 81.94 89.52
Book Value/ Share(Rs.) 54.69 68.05 75.96 82.52 82.42 69.39
Cash Flow -6.35 5.17 -0.47 -0.06 -4.91 3.80
Debt to Cash Flow from Operations 0.00 0.00 0.00 0.00 0.02 0.07
RONW 15.93 16.14 14.50 21.92 19.39 22.05
ROCE % 23.75 24.80 27.12 33.09 30.38 33.82
Net Operating Profit Margin % 43.99 41.52 41.35 46.33 40.76 39.78
Net Profit Margin % 24.07 21.50 18.43 26.18 21.13 20.41
Debt / Equity 0.00 0.00 0.00 0.00 0.00 0.02
Dividend Yield % 0.00 0.00 0.83 2.30 3.78 0.48
Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20
Ajusted EPS(Rs.) 22.97 32.33 52.04 42.28 9.75 10.94 8.69 17.88 18.04 15.01
Net Sales (Rs. Cr.) 77.87 109.08 134.26 149.98 180.08 235.14 297.53 331.79 370.28 400
Adjusted Net Profit 24.25 34.97 56.78 46.12 47.04 58.23 61.60 97.23 91.91 103.75
Book Value/ Share(Rs.) 62.48 94.81 146.64 188.92 55.25 69.87 77.8 84.48 86.32 71.58
Cash Flow 31.86 18.59 -41.54 -5.67 -7.13 3.30 1.11 -1.47 -2.88 0.52
Debt to Cash Flow from Operations 0.81 0.68 0.54 0.54 0.00 0.00 0.00 0.00 0.00 0.07
RONW 45.29 41.10 43.28 25.20 20.29 17.95 15.53 22.03 20.94 24.88
ROCE % 54.43 45.27 47.82 32.03 27.95 26.57 28.28 33.20 31.67 35.60
Net Operating Profit Margin % 50.01 49.60 60.47 50.18 46.57 42.57 42.45 48.24 43.57 42.76
Net Profit Margin % 31.89 32.03 42.32 30.78 27.35 24.99 20.70 28.95 25.72 25.94
Debt / Equity 0.23 0.29 0.19 0.14 0.05 0.00 0.00 0.00 0.00 0.01
Dividend Yield % 0.00 0.00 0.00 0.00 0.00 0.00 1.66 2.30 3.78 0.48

Year on Year Growth Rate (%)

Ajusted EPS Sales Adjusted Net Profit

Latest Financials

Standalone Consolidated
TTM EPS (Rs) 19.1 13.9
TTM Sales (Rs. Cr.) 428.73 449.23
BVPS (Rs.) 81.17 79.72
Reserves (Rs. Cr.) 376.3 368.65
P/BV 12.58 12.81
PE 54.98 75.54676
From the Market
52 Week High / Low (Rs) 1212/485.3
All Time High / Low (Rs) 779.9/523.6
Volume Traded 40575
Market Cap (Rs. Cr.) 5552.34
Equity (Rs. Cr.) 52.874419
Face Value (Rs) 10
Industry PE 0

Quarterly Results

Mar'2020 Jun'2020 Sep'2020 Dec'2020
Net Sales (Cr) 93.62 54.40 148.54 132.17
Adjusted EPS (Rs) 3.13 0.84 8.66 6.48
Net Profit Margin % 17.67 8.13 30.81 25.91
Mar'2020 Jun'2020 Sep'2020 Dec'2020
Net Sales (Cr) 101.44 56.27 153.25 138.27
Adjusted EPS (Rs) -0.42 0.04 8.15 6.13
Net Profit Margin % -2.17 0.41 28.09 23.43

Quarterly Growth Rate (%)

Ajusted EPS Sales Net Profit Margin

Peers Data

Name Current Price(Rs) Market Cap. (Rs. cr.) Net Profit(Rs. cr.) Sales Growth(%)
Shree Pacetronix Ltd 0 4.17 0.28 -37.94
Medinova Diagnostic Services Ltd 26.35 25.05 0 64.36
Transgene Biotek Ltd 5.09 39.32 -10.96 0.00
Fortis Malar Hospitals Ltd 60.35 112.83 -9.06 -55.83
Opto Circuits (India) Ltd 4.35 124.76 -1191.52 -86.76
Thyrocare Technologies Ltd 1021.15 5552.34 79.32 -16.22
Fortis Healthcare Ltd 208 15136.91 513.33 -63.85
Max Healthcare Institute Ltd 235.2 22574.13 27.88 1081.20
Laurus Labs Ltd 443.4 23650.75 267.05 20.47
Dr Lal Pathlabs Ltd 2903.2 24993.04 223.18 -14.70
Apollo Hospitals Enterprise Ltd 3272.85 45371.97 470.3 -31.15

Technical

Sector

23387.09 280.75   (1.22%)

Index

47705.80 -243.62   (-0.51%)
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News

2021/04/09 09:15

Thyrocare Technologies announces resignation of CEO On 08 April 2021

Thyrocare Technologies announced the resignation of Arindam Haldar from the post of CEO on 08 April 2021.

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About Company

Thyrocare Technologies Limited was incorporated in the year January 28, 2000. The company is one of the leading pan-India diagnostic chains that conduct an array of medical diagnostic tests and profiles of tests that center on early detection and management of disorders and diseases. As of 31 March 2019, the company offered 617 tests and 130 profiles of tests to detect a number of disorders, including thyroid disorders, growth disorders, metabolism disorders, auto-immunity, diabetes, anemia, cardiovascular disorders, infertility and various infectious diseases. The company's profiles of tests include 51 profiles of tests administered under its reputed 'Aarogyam' brand, which offers patients a suite of wellness and preventive health care tests. The company primarily operates its testing services through a fully automated Centralised Processing Laboratory (the CPL) and has expanded its operations to include a network of Regional Processing Laboratories (RPLs). The company currently operates 9 RPLs, one in each of New Delhi, Coimbatore, Hyderabad, Kolkata, Bangalore, Bhopal, Mumbai Patna and Chennai, which process samples sourced from their respective regions.Nueclear Healthcare Limited (NHL), the wholly owned subsidiary of Thyrocare Technologies, is engaged in PET-CT Scan imaging diagnostic business. NHL currently has 14 operating PET-CT scanners in 12 imaging centers: two in Navi Mumbai, two in New Delhi, one each in Hyderabad, Surat, Vadodara, Raipur, Jaipur, Mumbai Aurangabad, Nashik, Bangalore and Coimbatore. NHL also owns and operates a medical cyclotron unit in Navi Mumbai, which produces the radioactive biomarker FDG required for PET-CT scanning.Thyrocare Technologies CPL, which is located in Navi Mumbai, is equipped with automated systems, diagnostic testing instruments and processes from leading international and Indian healthcare brands. The CPL is fully automated and driven by a barcoded and bi-directionally interfaced system and Laboratory information system. Thyrocare Technologies collects samples through a pan-India network of authorized service providers comprised of Thyrocare Service Providers (TSPs), Thyrocare Aggregators (TAGs) and Online Clients (OLCs), who in turn source these samples from local hospitals, laboratories, diagnostic centers, nursing homes, clinics and doctors that avail diagnostic services from the company. As of 31 March 2019, Thyrocare Technologies had a network of 6342 authorized service providers, comprised of 578 TAGs, 529 TSPs and 5235 OLCs spread across 555 cities and 32 states and 2 union territories. The wide spread network of authorized service providers has enabled the company to expand the reach of the CPL and RPLs, thereby providing the company with access to a larger customer base.Thyrocare Technologies promoted Nueclear Healthcare Limited (NHL) in the year 2011. Thyrocare Technologies acquired controlling stake Nueclear Healthcare Limited effective 15 November 2014. Thyrocare Technologies commenced setting up Regional Processing Laboratories (RPLs) in 2014. During the financial year ended 31 March 2016, Thyrocare Technologies issued 31,87,562 equity shares at a premium of Rs. 295.95/- per share, towards consideration for acquiring 46,11,000 equity shares of M/s. Nueclear Healthcare Limited from remaining six shareholders, so that it becomes wholly-owned subsidiary of the company. NHL became wholly-owned subsidiary of the company with effect from 16 December 2015.The increase in revenue of Thyrocare Technologies' diagnostic services business in Fiscal 2016 was mainly on account of increased focus on preventive care offerings, improvement in turnaround time by newly set-up regional processing laboratories, enhancement in the brand awareness, realization of revenue from newly introduced verticals and media campaigns, and growth in the company's imaging business.Thyrocare Technologies came out with an Initial Public Offer (IPO), to fulfill its contractual obligation to one of the overseas PE Investor to give an exit route within the agreed time. A total number of 1,07,44,708 equity shares were offered for sale to the public at an Issue Price of Rs. 446. The Issue opened on April 27, 2016 and closed on April 29, 2016 and it was a grand success with an over-subscription of more than 75 times, the highest in healthcare industry in India. Subsequently, the company got stellar listing on the bourses on 9 May 2016 with stock prices zooming more than 45% of the higher price band of share price within a few minutes of commencement of trading in the stock exchanges.During the year financial year ended 31 March 2017, Thyrocare Technologies decided to sell its entire holding in Thyrocare International Holding Company (TIHC) at the acquisition cost to a related party, but it could not be completed for want of approval of Reserve Bank of India. Thyrocare Technologies has been holding 5,440 equity shares in Thyrocare International Holding Company (TIHC), Mauritius, valued at Rs 16.15 million, which is about 9.09% of the total equity share capital of the said company. TIHC is holding 51% of the equity share capital of Thyrocare Gulf Laboratories WLL, Bahrain. The increase in revenue of Thyrocare Technologies' diagnostic services business in Fiscal 2017 was mainly on account of the growth in revenue from preventive care offerings, sustained growth in seek care business by improvement in turnaround time due to newly set-up regional processing laboratories, recognition of brand Aarogyam, realization of revenue from newly introduced verticals and media campaigns. The revenue from imaging business in Fiscal 2017, however, grew at lesser pace than the pathology business, mainly on account stagnation of growth evidenced in some region, limitation on conducting scan due to non-availability of FDG for conducting the investigations, delay in starting of PETCT centres in Vadodra and Raipur and competition in regional market.During the financial year ended 31 March 2018, Thyrocare Technologies invested Rs.20 crore in the equity share capital of Equinox Labs Private Limited (Equinox), a company engaged in the business of water, food and other environment and hygiene testing. While Rs. 10 crores were paid by cash, for another Rs.10 crore, Thyrocare Technologies transferred its Water Testing business, on a slump sale basis, valued at Rs.10 crore. Equinox has issued 4,29,185 numbers of equity shares of the company, constituting 30% of their paid-up Equity Share capital and Thyrocare Technologies is entitled to have two directors as nominees on their Board. Thus, Equinox became an Associate company of Thyrocare Technologies, as defined in the Companies Act, 2013.During the year under review, Thyrocare Technologies' revenue from imaging business grew at rapid pace than the pathology business, mainly on account of newly added PETCT centers ramping up operations and gaining market control in the respective regions.During the year 2019, the Company bought back 9,58,900 equity shares for an aggregate amount of Rs 63 crore being 1.78% of the total paid-up equity share capital, at an average price of Rs 656.90 per equity share. The equity shares bought back were extinguished on 12 October 2018 and 22 October 2018.In FY 2019, the Company has given Loan aggregating to Rs 39 Crores to Nueclear Healthcare Limited under the provisions of Section 186 of the Companies Act, 2013, read with Companies (Meetings of Board and its Powers) Rules, 2014,