52-week range
Price risk
Balance sheet & cash
What is the price implying?
Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.
“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 34% from the Aug 2026 peak to the Oct 2026 low.
- Oct '26Volume reached 6.5x its 50-day median on 2026-10-15; price +5.2% that day.
- Jul '26Regained the 2025-07 peak, 4 months after the low.
- Jul '26Volume reached 11.6x its 50-day median on 2026-07-03; price +10.0% that day.
- Jun '26Promoter holding rose 2.8 pts to 70.2%.
- Jun '26Share count is up 18.2% over 12 months.
- May '26Volume reached 39.7x its 50-day median on 2026-05-18; price +19.6% that day.
- Mar '26Fell 57% from the Jul 2025 peak to the Mar 2026 low.
Show 22 earlier events
- Feb '26Volume reached 16.4x its 50-day median on 2026-02-04; price +14.6% that day.
- Dec '25Promoter holding fell 2.9 pts to 67.4%.
- Dec '25FII + DII holding rose 4.3 pts over 2 quarters to 4.6%.
- Jul '25Regained the 2019-11 peak, 66 months after the low.
- May '25Volume reached 29.8x its 50-day median on 2025-05-13; price +11.9% that day.
- Jan '25Volume reached 22.1x its 50-day median on 2025-01-13; price +4.4% that day.
- Dec '24Volume reached 6.1x its 50-day median on 2024-12-10; price +7.4% that day.
- Jul '24Volume reached 20.2x its 50-day median on 2024-07-08; price +9.7% that day.
- Jan '24Volume reached 18.3x its 50-day median on 2024-01-11; price +10.6% that day.
- Oct '23Volume reached 25.0x its 50-day median on 2023-10-31; price +8.1% that day.
- Sep '23Volume reached 30.3x its 50-day median on 2023-09-13; price +7.4% that day.
- Jul '23Share count is up 46.7% over 12 months.
- Jun '23Volume reached 9.8x its 50-day median on 2023-06-15; price +0.9% that day.
- Jan '23Volume reached 5.3x its 50-day median on 2023-01-19; price +4.8% that day.
- Nov '22Volume reached 16.3x its 50-day median on 2022-11-17; price +7.2% that day.
- Sep '22Volume reached 14.1x its 50-day median on 2022-09-06; price +11.1% that day.
- Jun '22Share count is up 15.4% over 12 months.
- Jun '22Volume reached 18.8x its 50-day median on 2022-06-21; price +19.8% that day.
- Mar '22Volume reached 27.1x its 50-day median on 2022-03-31; price +12.4% that day.
- Oct '21Volume reached 16.8x its 50-day median on 2021-10-07; price +11.0% that day.
- Sep '21Volume reached 19.0x its 50-day median on 2021-09-22; price +7.1% that day.
- Apr '21Volume reached 20.1x its 50-day median on 2021-04-22; price +18.9% 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 3 checks are within range, 1 near a threshold, 1 beyond a threshold.
Tap a check to see how it is measured.
Other income reliance—Not enough data
Not enough reported data to compute this.
Tax rate—Not enough data
Not enough reported data to compute this.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow0 of 5 yrsBeyond threshold
Fiscal years with positive free cash flow in the last 5: 0. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history+38 daysNear threshold
Debtor days are above the median of the previous three fiscal years by 38 days (78 vs 40). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress5% of fixed assetsWithin range
Capital work-in-progress is 5% 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.
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?
- Over 2 years, DIIs added 2.9 pts; promoters added 0.5 pts.
- The number of shareholders fell from 74,003 to 66,791 (-10%) between Dec 2023 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
-95.0% (2019-11 peak to 2020-01 low, recovered 2025-07)
-57.3% (2025-07 peak to 2026-03 low, recovered 2026-07)
-34.0% (2026-08 peak to 2026-10 low, not yet recovered)
Most recent volume spikes
2026-10-15: 6.5x the 50-day median, price +5.2% that day
2026-07-03: 11.6x the 50-day median, price +10.0% 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 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 |
|---|---|---|---|
| QUADRANT FUTURE TEK (QUADFUTURE) | Electronic Technology | 53% | promoter holding, ROCE |
| HINDUSTAN OIL EXPLORATION CO (HINDOILEXP) | Energy Minerals | 50% | revenue growth, debt/equity |
| GOCL CORPORATION (GOCLCORP) | Process Industries | 47% | revenue, operating margin |
| INOX GREEN ENERGY SERVICES (INOXGREEN) | Utilities | 47% | operating margin, debt/equity |
| MMTC (MMTC) | Distribution Services | 47% | operating margin, revenue |
| BAFNA PHARMACEUTICALS (BAFNAPH) | Health Technology | 33% | revenue, ROCE |
| THEMIS MEDICARE (THEMISMED) | Health Technology | 33% | operating margin, promoter holding |
| PANACEA BIOTEC (PANACEABIO) | Health Technology | 29% | debt/equity, ROCE |
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What happened next to similar setups
Not enough comparable history to show analogs for this company yet.
Monthly history (94 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | — | ₹10 cr | -69.0% | -80.0% | 0.0x |
| 2026-09 | — | ₹10 cr | -69.0% | -80.0% | 0.0x |
| 2026-08 | — | ₹8 cr | -54.1% | -80.0% | 0.0x |
| 2026-07 | — | ₹8 cr | -54.1% | -80.0% | 0.0x |
| 2026-06 | — | ₹8 cr | -54.1% | -80.0% | 0.0x |
| 2026-05 | — | ₹7 cr | -288.8% | -87.0% | 0.0x |
| 2026-04 | — | ₹7 cr | -288.8% | -87.0% | 0.0x |
| 2026-03 | — | ₹7 cr | -288.8% | -87.0% | 0.0x |
| 2026-02 | — | ₹6 cr | -222.6% | -87.0% | 0.0x |
| 2026-01 | — | ₹6 cr | -222.6% | -87.0% | 0.0x |
| 2025-12 | — | ₹6 cr | -222.6% | -87.0% | 0.0x |
| 2025-11 | — | ₹8 cr | -194.3% | -87.0% | 0.0x |
| 2025-10 | — | ₹8 cr | -194.3% | -87.0% | 0.0x |
| 2025-09 | — | ₹8 cr | -194.3% | -87.0% | 0.0x |
| 2025-08 | — | ₹7 cr | -169.1% | -87.0% | 0.0x |
| 2025-07 | — | ₹7 cr | -169.1% | -87.0% | 0.0x |
| 2025-06 | — | ₹7 cr | -169.1% | -87.0% | 0.0x |
| 2025-05 | — | ₹8 cr | -61.6% | -36.0% | 0.0x |
| 2025-04 | — | ₹8 cr | -61.6% | -36.0% | 0.0x |
| 2025-03 | — | ₹8 cr | -61.6% | -36.0% | 0.0x |
| 2025-02 | — | ₹8 cr | -62.9% | -36.0% | 0.0x |
| 2025-01 | — | ₹8 cr | -62.9% | -36.0% | 0.0x |
| 2024-12 | — | ₹8 cr | -62.9% | -36.0% | 0.0x |
| 2024-11 | — | ₹8 cr | -47.1% | -36.0% | 0.0x |
| 2024-10 | — | ₹8 cr | -47.1% | -36.0% | 0.0x |
| 2024-09 | — | ₹8 cr | -47.1% | -36.0% | 0.0x |
| 2024-08 | — | ₹11 cr | -45.4% | -36.0% | 0.0x |
| 2024-07 | — | ₹11 cr | -45.4% | -36.0% | 0.0x |
| 2024-06 | — | ₹11 cr | -45.4% | -36.0% | 0.0x |
| 2024-05 | — | ₹14 cr | -36.3% | -53.0% | 0.0x |
| 2024-04 | — | ₹14 cr | -36.3% | -53.0% | 0.0x |
| 2024-03 | — | ₹14 cr | -36.3% | -53.0% | 0.0x |
| 2024-02 | — | ₹14 cr | -36.3% | -53.0% | 0.0x |
| 2024-01 | — | ₹14 cr | -36.3% | -53.0% | 0.0x |
| 2023-12 | — | ₹14 cr | -36.3% | -53.0% | 0.0x |
| 2023-11 | — | ₹14 cr | -36.3% | -53.0% | 0.0x |
| 2023-10 | — | ₹14 cr | -36.3% | -53.0% | 0.0x |
| 2023-09 | — | ₹14 cr | -36.3% | -53.0% | 0.0x |
| 2023-08 | — | ₹14 cr | -36.3% | -53.0% | 0.0x |
| 2023-07 | — | ₹14 cr | -36.3% | -53.0% | 0.0x |
| 2023-06 | — | ₹14 cr | -36.3% | -53.0% | 0.0x |
| 2023-05 | — | ₹12 cr | -145.3% | -118.0% | 0.0x |
| 2023-04 | — | ₹12 cr | -145.3% | -118.0% | 0.0x |
| 2023-03 | — | ₹12 cr | -145.3% | -118.0% | 0.0x |
| 2023-02 | — | ₹12 cr | -145.3% | -118.0% | 0.0x |
| 2023-01 | — | ₹12 cr | -145.3% | -118.0% | 0.0x |
| 2022-12 | — | ₹12 cr | -145.3% | -118.0% | 0.0x |
| 2022-11 | — | ₹12 cr | -145.3% | -118.0% | 0.0x |
| 2022-10 | — | ₹12 cr | -145.3% | -118.0% | 0.0x |
| 2022-09 | — | ₹12 cr | -145.3% | -118.0% | 0.0x |
| 2022-08 | — | ₹12 cr | -145.3% | -118.0% | 0.0x |
| 2022-07 | — | ₹12 cr | -145.3% | -118.0% | 0.0x |
| 2022-06 | — | ₹12 cr | -145.3% | -118.0% | 0.0x |
| 2022-05 | — | ₹13 cr | -77.0% | -58.0% | 0.0x |
| 2022-04 | — | ₹13 cr | -77.0% | -58.0% | 0.0x |
| 2022-03 | — | ₹13 cr | -77.0% | -58.0% | 0.0x |
| 2022-02 | — | ₹13 cr | -77.0% | -58.0% | 0.0x |
| 2022-01 | — | ₹13 cr | -77.0% | -58.0% | 0.0x |
| 2021-12 | — | ₹13 cr | -77.0% | -58.0% | 0.0x |
| 2021-11 | — | ₹13 cr | -77.0% | -58.0% | 0.0x |
| 2021-10 | — | ₹13 cr | -77.0% | -58.0% | 0.0x |
| 2021-09 | — | ₹13 cr | -77.0% | -58.0% | 0.0x |
| 2021-08 | — | ₹13 cr | -77.0% | -58.0% | 0.0x |
| 2021-07 | — | ₹13 cr | -77.0% | -58.0% | 0.0x |
| 2021-06 | — | ₹13 cr | -77.0% | -58.0% | 0.0x |
| 2021-05 | — | ₹13 cr | -75.4% | -54.0% | 0.0x |
| 2021-04 | — | ₹13 cr | -75.4% | -54.0% | 0.0x |
| 2021-03 | — | ₹13 cr | -75.4% | -54.0% | 0.0x |
| 2021-02 | — | ₹13 cr | -75.4% | -54.0% | 0.0x |
| 2021-01 | — | ₹13 cr | -75.4% | -54.0% | 0.0x |
| 2020-12 | — | ₹13 cr | -75.4% | -54.0% | 0.0x |
| 2020-11 | — | ₹13 cr | -75.4% | -54.0% | 0.0x |
| 2020-10 | — | ₹13 cr | -75.4% | -54.0% | 0.0x |
| 2020-09 | — | ₹13 cr | -75.4% | -54.0% | 0.0x |
| 2020-08 | — | ₹13 cr | -75.4% | -54.0% | 0.0x |
| 2020-07 | — | ₹13 cr | -75.4% | -54.0% | 0.0x |
| 2020-06 | — | ₹13 cr | -75.4% | -54.0% | 0.0x |
| 2020-05 | — | ₹286 cr | -11.6% | -4.0% | 0.0x |
| 2020-04 | — | ₹286 cr | -11.6% | -4.0% | 0.0x |
| 2020-03 | — | ₹286 cr | -11.6% | -4.0% | 0.0x |
| 2020-02 | — | ₹286 cr | -11.6% | -4.0% | 0.0x |
| 2020-01 | — | ₹286 cr | -11.6% | -4.0% | 0.0x |
| 2019-12 | — | ₹286 cr | -11.6% | -4.0% | 0.0x |
| 2019-11 | — | ₹286 cr | -11.6% | -4.0% | 0.0x |
| 2019-10 | — | ₹286 cr | -11.6% | -4.0% | 0.0x |
| 2019-09 | — | ₹286 cr | -11.6% | -4.0% | 0.0x |
| 2019-08 | — | ₹286 cr | -11.6% | -4.0% | 0.0x |
| 2019-07 | — | ₹286 cr | -11.6% | -4.0% | 0.0x |
| 2019-06 | — | ₹286 cr | -11.6% | -4.0% | 0.0x |
| 2019-05 | 38.7x | ₹625 cr | 18.7% | 24.0% | 0.0x |
| 2019-04 | 37.7x | ₹625 cr | 18.7% | 24.0% | 0.0x |
| 2019-03 | 37.1x | ₹625 cr | 18.7% | 24.0% | 0.0x |
| 2019-02 | 34.2x | ₹625 cr | 18.7% | 24.0% | 0.0x |
| 2019-01 | 27.5x | ₹625 cr | 18.7% | 24.0% | 0.0x |