52-week range
Price risk
Balance sheet & cash
Was the rally earned?
Partly.
- Most of the rise came from investors paying a higher multiple (P/E 25.2x to 42.4x); per-share earnings added 26 points.
- The share count rose 46%.
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.
What is the price implying?
At a P/E of 42.4x, the price would imply about 24.3%/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 Technology The market-wide Expectations lists
What changed?
- Oct '26Fell 33% from the Sep 2026 peak to the Oct 2026 low.
- Oct '26Volume reached 6.2x its 50-day median on 2026-10-08; price -5.0% that day.
- Sep '26Regained the 2025-11 peak, 7 months after the low.
- Sep '26Slipped to the 2nd quartile of Health Technology on operating margin (from the top quartile).
- Sep '26Debt / equity halved over 12 months to 0.19x.
- Sep '26Share count is up 32.5% over 12 months.
- Sep '26Volume reached 62.2x its 50-day median on 2026-09-15; price +3.1% that day.
- Jun '26Volume reached 13.1x its 50-day median on 2026-06-09; price +7.7% that day.
Show 3 earlier events
- Mar '26Volume reached 45.6x its 50-day median on 2026-03-09; price +10.5% that day.
- Feb '26Fell 36% from the Nov 2025 peak to the Feb 2026 low.
- Nov '25Volume reached 11.5x its 50-day median on 2025-11-03; price +5.0% that day.
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
Are profits backed by cash?
1 of 2 checks are within range, 1 near a threshold.
Tap a check to see how it is measured.
Other income reliance0%Within range
Other income as a share of pre-tax profit (trailing twelve months): 0.0%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate39%Near threshold
Median quarterly effective tax rate over about 2.5 years: 39.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow—Not enough data
Not enough reported data to compute this.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
Capital work in progress—Not enough data
Not enough reported data to compute this.
Payable days—Not enough data
Not enough reported data to compute this.
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.
Who has been buying and selling?
- Since Sep 2025, FIIs added 1.7 pts; DIIs trimmed 1.6 pts.
- The number of shareholders rose from 12,464 to 34,671 (+178%) between Sep 2025 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
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.
How rough has the ride been?
Monthly share price
Last 90 trading days
Drawdown from peak
Largest drawdowns
-35.8% (2025-11 peak to 2026-02 low, recovered 2026-09)
-33.1% (2026-09 peak to 2026-10 low, not yet recovered)
Most recent volume spikes
2026-10-13: 6.2x the 50-day median, price +3.6% that day
2026-10-09: 5.8x the 50-day median, price +5.0% that day
2026-10-08: 6.2x the 50-day median, price -5.0% that day
Where does it rank among Health Technology peers?
Each cell is the company's percentile rank among its Health Technology 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).
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 Technology sector page Watch it move against Health Technology in the Observatory
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
| Company | Sector | Similarity | Closest on |
|---|---|---|---|
| GALA PRECISION ENGINEERING (GALAPREC) | Producer Manufacturing | 72% | market cap, promoter holding |
| THEJO ENGINEERING (THEJO) | Distribution Services | 65% | promoter holding, ROCE |
| RAMCO SYSTEMS (RAMCOSYS) | Technology Services | 63% | ROCE, P/E |
| SHREE RAMA MULTI-TECH (SHREERAMA) | Process Industries | 62% | revenue, operating margin |
| PARTH ELECTRICALS AND ENG (PARTH) | Producer Manufacturing | 61% | ROCE, revenue |
| ANONDITA MEDICARE (ANONDITA) | Health Technology | 58% | revenue, volatility |
| BETA DRUGS (BETA) | Health Technology | 56% | P/E, ROCE |
| SAKAR HEALTHCARE (SAKAR) | Health Technology | 51% | promoter holding, revenue |
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like ANLON HEALTHCARE LIMITED 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 −27% to +39% vs the market, against −4% for all non-financial companies in the same months.
- The gap against the base rate (+2.0%, 80% range −13.3% to +17.5%) 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 · 4 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 34 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| KKCL Consumer Non-Durables |
Apr 2023 | 35x | 19% | +116% | −17% | +4% |
| IRIS Technology Services |
Mar 2025 | 50x | 27% | +229% | −35% | −43% |
| BETA Health Technology |
Nov 2021 | 43x | 22% | +339% | −16% | +28% |
| ASTEC Process Industries |
Nov 2020 | 44x | 20% | +148% | −25% | −1% |
| AURIONPRO Technology Services |
Sep 2024 | 55x | 22% | +165% | −16% | −25% |
Show the other 3 matches
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: interest cover, P/E and drawdown from 12-month high. 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.
Monthly history (14 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | 42.4x | ₹227 cr | 14.1% | 21.0% | 0.2x |
| 2026-09 | 56.7x | ₹227 cr | 12.6% | 21.0% | 0.2x |
| 2026-08 | 27.8x | ₹172 cr | 11.1% | 21.0% | 0.2x |
| 2026-07 | 25.6x | ₹172 cr | 11.1% | 21.0% | 0.2x |
| 2026-06 | 28.1x | ₹172 cr | 11.1% | 21.0% | 0.2x |
| 2026-05 | 17.5x | ₹170 cr | 38.1% | — | 0.8x |
| 2026-04 | 16.8x | ₹170 cr | 38.1% | — | 0.8x |
| 2026-03 | 14.1x | ₹170 cr | 38.1% | — | 0.8x |
| 2026-02 | 21.3x | ₹120 cr | 22.8% | — | 0.8x |
| 2026-01 | 24.0x | ₹120 cr | 22.8% | — | 0.8x |
| 2025-12 | 29.6x | ₹120 cr | 22.8% | — | 0.8x |
| 2025-11 | 33.1x | ₹120 cr | 22.8% | — | 0.8x |
| 2025-10 | 25.2x | ₹120 cr | 22.8% | — | 0.8x |
| 2025-09 | 25.7x | ₹120 cr | 22.8% | — | 0.8x |