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    Dr. Agarwal's Health Care Limited

    India's largest eye care chain, offering surgeries, consultations, opticals and eye-care pharma products.

    Healthcare
    Healthcare
    View AGARWALEYE earnings calls
    ₹466.65
    +3.07% from avg

    Overview

    Price

    ₹466.65

    Market Cap

    ₹15.1k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital77789323232
    Reserves2421772066221.3k1.8k1.9k2.0k
    Borrowings1621856338579669619831.1k
    Other Liabilities339417179336445837873850
    Total Liabilities7517871.0k1.8k2.8k3.7k3.8k3.9k
    AssetsFixed Assets5515757011.3k1.7k2.5k2.7k2.9k
    CWIP8112899118153163234
    Investments10034471264208152
    Other Assets192201295397416724693676
    Total Assets7517871.0k1.8k2.8k3.7k3.8k3.9k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating10399164233346360519
    Cash from Investing-85-46-155-509-914-750-308
    Cash from Financing-73-3735303553382-220
    SummaryCapital Expenditure
    Free Cash Flow-986695761184059
    FCF Margin

    Valuation

    Assumptions

    Current — AGARWALEYE
    Price
    ₹467
    EPS (TTM)
    ₹4.21
    PE (TTM)
    110.8
    Profit growth
    52.7%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (127.4×) and current (110.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹467
    vs
    Fair value · 15% return
    ₹2,000
    329%Undervalued

    At 52.7% growth and a 111× exit, ₹467 only delivers your return if you pay ₹2,000. The price is currently baking in 18% growth.

    EPS grows 52.7%/yr for 5 years, then fades to 6% over 2, exits at 111×.

    YearGrowthEPS (₹)
    FY2752.7%6.43
    FY2852.7%9.82
    FY2952.7%14.99
    FY3052.7%22.89
    FY3152.7%34.95
    FY3229.3% ·fade45.21
    FY336.0% ·fade47.92

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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