DR AGARWALS HEALTH CARE LTD (AGARWALEYE): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1YAll

₹537.3 latest close · +12.5% over the last 90 sessions

₹537.3 month-end · +0.7% over 12 months

₹537.3 month-end · +34.0% since Feb '25

52-week range ₹401.00 to ₹567.75 · 1-year volatility 26.0%

Was the rally earned?

+1%share price, 1 yearRoughly flat

The share price was roughly flat over 1 year (+1%).
The share count fell 20%.

Net profit growth+35 ptsNet profit rose about 42%, which lifts the price.

P/E change-57 ptsThe P/E fell from 202.2x to 114.6x, which lowers the price.

Share count change+22 ptsShare count fell 20%, which lifts the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with APOLLO HOSPITALS ENTERPRISES L

How rough has the ride been?

Maximum drawdown-26.3%recovered 2025-07

1-year volatility26.0%annualised

Beta vs sector index0.403-year daily, correlation 0.23

Volume spikes12last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-26.3% (2025-04 peak to 2025-06 low, recovered 2025-07)

-25.5% (2025-10 peak to 2026-03 low, recovered 2026-08)

-17.2% (2026-08 peak to 2026-10 low, not yet recovered)

Most recent volume spikes

2026-10-30: 5.5x the 50-day median, price +4.2% that day

2026-09-03: 5.6x the 50-day median, price -0.5% that day

2026-08-31: 16x the 50-day median, price +1.1% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Where does it rank among Health Services peers?

Each cell is the company's percentile rank among its Health Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE22nd▼ 8 pts vs a year ago
Op. margin75th▲ 4 pts vs a year ago
Revenue growth70th
EPS growth93rd
Debt/equity ↓33rd▲ 9 pts vs a year ago
Cash cycle ↓77th▲ 4 pts vs a year ago
P/E ↓14thflat vs a year ago
12M momentum57th

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Health Services sector page Watch it move against Health Services in the Observatory

What is the price implying?

~37%annual earnings growth implied by the price

At a P/E of 114.6x, the price would imply about 37.3%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Health Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹537.30
P/E: 114.6x
ROCE: 11.0%
Market Cap: ₹17042 cr
Revenue (TTM): ₹2207 cr
P/S: 7.7x
P/B: 8.4x
ROE: 7.3%
Operating Margin: 28.0%
Debt / Equity: 0.5x
Promoter Holding: 32.3%
12M Momentum: 0.7%

52-week range

₹401.00₹567.75

82% of the way from its 52-week low to its high

Price risk

1Y volatility

26.0%

Beta vs sector

1-year daily

0.54

Balance sheet & cash

Interest cover

operating profit ÷ interest

4.0x

Cash from profit, 3Y

operating cash flow ÷ net profit

3.28x

Share count, 1Y

unchanged

Are profits backed by cash?

5 of 5checks within rangeAll clear

Other income reliance14%Within range

Other income as a share of pre-tax profit (trailing twelve months): 14.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate32%Within range

Median quarterly effective tax rate over about 2.5 years: 31.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion3.28xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 3.28x (cash from operations ₹1,222 cr, net profit ₹373 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress9% of fixed assetsWithin range

Capital work-in-progress is 9% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Since Mar 2025, FIIs trimmed 2.6 pts; DIIs added 2.5 pts.
The number of shareholders fell from 68,696 to 42,492 (-38%) between Mar 2025 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupMar '25Jun '26Change

Promoters32.5%32.3%-0.1 pts

FIIs60.6%58.0%-2.6 pts

DIIs5.2%7.7%+2.5 pts

Public and others1.7%2.0%+0.2 pts

Number of shareholders

42,492shareholders-38% since Mar '25

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−3.6%typical 12-month return vs the marketNot meaningfully different from the base rate

We found 50 past situations where a non-financial company looked like DR AGARWALS HEALTH CARE LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −24% to +20% vs the market, against −4% for all non-financial companies in the same months.
The gap against the base rate (+0.1%, 80% range −11.7% to +9.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 1 beyond the range shown, drawn at the edge

Similar setups' median

−3.6%

All companies' median

−3.7%

Beat the market

50% vs 46%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
BATAINDIA Consumer Non-Durables	Jul 2022	237x	8%	+21%	−12%	−23%
NAVINFLUOR Process Industries	Jun 2025	83x	11%	+35%	0%	+59%
TORNTPHARM Health Technology	Jan 2020	75x	13%	+6%	−5%	+13%
CHOICEIN Finance	Apr 2024	108x	16%	+96%	−2%	+85%
KIMS Health Services	Feb 2025	63x	17%	+15%	−21%	+21%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
NH Health Services	Dec 2020	77x	14%	+46%	0%	+6%
CHALET Consumer Services	Jun 2025	141x	11%	+15%	−9%	−12%
NEOGEN Process Industries	Apr 2023	88x	14%	+2%	−4%	−34%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/S. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to DR AGARWALS HEALTH CARE LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

PHOENIX MILLSPHOENIXLTD

Finance

64%similar

volatilitydebt/equity

BATA INDIABATAINDIA

Consumer Non-Durables

59%similar

ROCEvolatility

ASAHI INDIA GLASSASAHIINDIA

Consumer Durables

57%similar

ROCEdebt/equity

ANUPAM RASAYAN INDIAANURAS

Health Technology

53%similar

volatilitydebt/equity

LEMON TREE HOTELSLEMONTREE

Consumer Services

53%similar

promoter holdingoperating margin

ASTER DM QUALITY CAREASTERDM

Health Services

68%similar

P/Edebt/equity

JUPITER LIFE LINE HOSP.JLHL

Health Services

63%similar

volatilitypromoter holding

KRISHNA INSTITUTE OF MED SCIKIMS

Health Services

60%similar

promoter holdingP/E

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

16 events since Mar '25

2026
OctPriceVolume reached 5.5x its 50-day median on 2026-10-30; price +4.2% that day.
AugPriceRegained the 2025-10 peak, 5 months after the low.
AugPriceVolume reached 671.4x its 50-day median on 2026-08-12; price -5.6% that day.
MayPriceVolume reached 5.8x its 50-day median on 2026-05-21; price +4.7% that day.
AprPeer rankSlipped to the bottom quartile of Health Services on ROCE (from the 3rd quartile).
MarPriceFell 26% from the Oct 2025 peak to the Mar 2026 low.
MarPeer rankMoved into the top quartile of Health Services on operating margin (from the 2nd quartile).
FebSharesShare count is up 200.0% over 12 months.

Show 8 earlier events

2026
JanPriceVolume reached 15.0x its 50-day median on 2026-01-14; price -1.5% that day.
2025
NovPriceVolume reached 19.8x its 50-day median on 2025-11-27; price +2.7% that day.
SepPeer rankSlipped to the 2nd quartile of Health Services on operating margin (from the top quartile).
SepPriceVolume reached 8.3x its 50-day median on 2025-09-29; price +2.0% that day.
JulPriceRegained the 2025-04 peak, 1 month after the low.
JunPriceFell 26% from the Apr 2025 peak to the Jun 2025 low.
MayPriceVolume reached 10.1x its 50-day median on 2025-05-30; price -2.5% that day.
MarPeer rankMoved into the top quartile of Health Services on operating margin (from the 2nd quartile).

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history22 months · 2025-02 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	114.6x	₹2207 cr	7.3%	11.0%	0.5x
2026-10	108.6x	₹2207 cr	7.3%	11.0%	0.5x
2026-09	102.2x	₹2207 cr	7.3%	11.0%	0.5x
2026-08	121.9x	₹2080 cr	6.7%	11.0%	0.5x
2026-07	113.5x	₹2080 cr	6.7%	11.0%	0.5x
2026-06	113.8x	₹2080 cr	6.7%	11.0%	0.5x
2026-05	121.3x	₹1976 cr	6.9%	10.0%	0.5x
2026-04	111.6x	₹1976 cr	6.9%	10.0%	0.5x
2026-03	101.9x	₹1976 cr	6.9%	10.0%	0.5x
2026-02	124.1x	₹1877 cr	6.2%	10.0%	0.5x
2026-01	118.9x	₹1877 cr	6.2%	10.0%	0.5x
2025-12	139.7x	₹1877 cr	6.2%	10.0%	0.5x
2025-11	202.2x	₹1795 cr	5.6%	10.0%	0.5x
2025-10	191.8x	₹1795 cr	5.6%	10.0%	0.5x
2025-09	192.2x	₹1795 cr	5.6%	10.0%	0.5x
2025-08	163.8x	₹1711 cr	4.7%	10.0%	0.5x
2025-07	173.0x	₹1711 cr	4.7%	10.0%	0.5x
2025-06	153.3x	₹1711 cr	4.7%	10.0%	0.5x
2025-05	—	₹1600 cr	8.1%	11.0%	0.7x
2025-04	—	₹1600 cr	8.1%	11.0%	0.7x
2025-03	—	₹1600 cr	8.1%	11.0%	0.7x
2025-02	—	₹1502 cr	7.7%	11.0%	0.7x

Methodology and data notes