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Thyrocare Technologies Limited

Thyrocare Technologies Limited

NSE: THYROCARE
Diagnostics & ResearchHealthcareMID CAPMCap ₹7.72k Cr
₹485.25₹-2.30 (-0.47%)

Market Closed • NSE

Market cap₹7.72k Cr
Enterprise value₹7.62k Cr
P/E TTM44.03
Forward P/E30.51
P/B13.19
EPS TTM₹11.02
Forward EPS₹15.90
ROCE35.40%
D/E8.65
Dividend yield0.02%
Face value₹10.00
52W high₹662.00
52W low₹342.55
Price chart(1Y)
1Y Return:-8.25% (₹43.65)
H: ₹662L: ₹480.7
1W-5.76%
1M-13.23%
3M-13.79%
6M+22.80%
1Y+17.03%
Today at a glance

Day range

₹480.70₹489.90

52 week range

₹342.55₹662.00
Volume218.2K0.76x 20D avg
Free float50.00%-24.30% volume

Thyrocare Technologies Limited closed at INR485.25 (-0.47%) on volume 0.76x its 20-day average, trading 26.7% below its 52-week high.

Technical analysis
RSI (14)29.1Oversold
MACDBEARISHBearish (Below signal)
ATR (14)₹15.95High
SMA 20₹532.09BEARISH
SMA 50₹564.41BEARISH
SMA 100₹554.80BEARISH
SMA 200₹486.68BEARISH
CPR bottom₹490.05
Pivot₹489.22
CPR top₹488.38
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +4.1% QoQ

2026-06-23

DIVIDEND Announced

Dividend - Rs 7 Per Share

2025-11-28

BONUS Announced

Bonus 2:1

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹50.7 Cr₹7.72k Cr0.66%≤ 33%PASS
Non-halal income ratio₹3.4 Cr₹821.9 Cr0.41%≤ 5%PASS
Illiquid assets ratio₹708.9 Cr₹747.2 Cr94.87%≥ 20%PASS
Receivables ratio–₹747.2 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E44.0337.00
Forward P/E30.51—
P/B13.195.00
EV/EBITDA—18.00
PEG—1.00
Earnings yield2.302.70
Growth & profitability
RevenuePAT
FY24PAT margin 12.10%
FY25PAT margin 13.20%
FY26PAT margin 19.70%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+6.20%
Revenue CAGR 5Y+7.70%
PAT CAGR 3Y+21.50%
PAT CAGR 5Y+18.20%
Operating margin26.99%
Net margin20.13%
Financial health & cash flow
Net debt₹12.4 CrModerate
Interest coverage73.10xEBIT / interest
CFO / PAT1.45x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹213.2 Cr
Capital expenditure–
Free cash flow₹192.4 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall75/100
Valuation50/100
Profitability80/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 35.4%

Low Debt Profile: Debt-to-Equity is comfortable at 0.09x

High Cash Flow Conversion: CFO/PAT averaged 1.45x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Diagnostics & Research.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
26.37%Institutional holding
12.71%Public holding
5Periods available
0.00%Promoter pledged
73.38KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
23 Jun 2026Dividend₹7.00 / share—23 Jun 2026
28 Nov 2025Bonus issue2:1 bonus ratio—28 Nov 2025
24 Oct 2025Dividend₹7.00 / share—24 Oct 2025
25 Jul 2025Dividend₹21.00 / share—25 Jul 2025
16 Aug 2024Dividend₹18.00 / share—16 Aug 2024
20 Apr 2023Dividend₹18.00 / share—20 Apr 2023
—Annual General MeetingAnnual General Meeting—25 Jul 2022
12 May 2022Dividend₹15.00 / share—11 May 2022
—Dividend₹15.00 / share—17 Jun 2021
13 Nov 2020Dividend₹10.00 / share—12 Nov 2020
22 Nov 2019Dividend₹5.00 / share—21 Nov 2019
—Dividend₹20.00 / share—14 Aug 2019
—Dividend₹5.00 / share—02 Aug 2018
16 Feb 2018Dividend₹5.00 / share—15 Feb 2018
—Dividend₹5.00 / share—03 Aug 2017
09 Feb 2017Dividend₹5.00 / share—08 Feb 2017
—Dividend₹2.50 / share—01 Sept 2016
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)56.59%+2.70% latest vs average
Highest delivery70.40%on 28 Sept
Average volume (20D)288.1KTrading-session average
Conviction trendStrengthening+2.70% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Sun Pharmaceutical Industries Limited
Sun Pharmaceutical Industries LimitedSUNPHARMA
Open analysis
₹4.22L34.900.91%₹15,300.00₹2,901.00+10.46%+26.52%
Divi's Laboratories Limited
Divi's Laboratories LimitedDIVISLAB
Open analysis
₹2.43L82.970.33%₹3,080.00₹902.00+27.80%+65.50%
Torrent Pharmaceuticals Limited
Torrent Pharmaceuticals LimitedTORNTPHARM
Open analysis
₹1.73L72.830.83%₹4,128.00₹389.00+41.90%-21.89%
Apollo Hospitals Enterprise Limited
Apollo Hospitals Enterprise LimitedAPOLLOHOSP
Open analysis
₹1.13L54.320.25%₹7,044.00₹610.00+20.58%+38.32%
Zydus Lifesciences Limited
Zydus Lifesciences LimitedZYDUSLIFE
Open analysis
₹1.12L25.030.09%₹8,017.00₹990.00+21.95%-34.91%
LENSKART SOLUTIONS LTD
LENSKART SOLUTIONS LTDLENSKART
Open analysis
₹1.12L174.730.00%₹2,714.00₹228.00+43.29%+273.77%
Laurus Labs Limited
Laurus Labs LimitedLAURUSLABS
Open analysis
₹1.11L101.830.12%₹2,026.31₹367.60+29.10%+125.49%
Cipla Limited
Cipla LimitedCIPLA
Open analysis
₹1.07L31.780.98%₹7,119.00₹786.00+2.33%-39.16%
About Thyrocare Technologies Limited
Thyrocare Technologies Limited

Thyrocare Technologies is engaged in the business of healthcare industry and is involved in providing quality diagnostic services at affordable costs to patients, laboratories and hospitals in India.

IndiaHealthcare

Questions investors ask
Is Thyrocare Technologies Limited Shariah compliant?

Thyrocare Technologies Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.66%) complies with AAOIFI threshold (≤ 33%).

What is Thyrocare Technologies Limited's current valuation relative to peers?

Thyrocare Technologies Limited trades at a P/E of 44.0x compared to the sector median of 37x, and a Price-to-Book of 13.2x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.09x. Interest coverage is 73.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 7.7% while net profit growth averaged 18.2%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.