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    Artemis Medicare Services Limited

    Runs a 700-bed JCI-accredited hospital in Gurugram; expanding to Raipur, South Delhi and Mauritius.

    Healthcare
    Healthcare
    View ARTEMISMED earnings calls
    ₹258.65
    +1.02% from avg

    Overview

    Price

    ₹258.65

    Market Cap

    ₹4.4k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1313131314141416
    Reserves300307346390435824873919
    Borrowings113147201286320290274262
    Other Liabilities160133149216203229255232
    Total Liabilities5866007109059721.4k1.4k1.4k
    AssetsFixed Assets393383489605719745780804
    CWIP5681649533403729
    Investments000000150
    Other Assets137136157205219572584596
    Total Assets5866007109059721.4k1.4k1.4k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating40562760127109156132
    Cash from Investing-50-26-37-107-158-88-393-90
    Cash from Financing14-27184438-29264-50
    SummaryCapital Expenditure
    Free Cash Flow-1730-4-49-18376532
    FCF Margin

    Valuation

    Assumptions

    Current — ARTEMISMED
    Price
    ₹259
    EPS (TTM)
    ₹7.00
    PE (TTM)
    36.9
    Profit growth
    35.9%

    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 (44.9×) and current (36.9×) 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
    ₹259
    vs
    Fair value · 15% return
    ₹579
    124%Undervalued

    At 35.9% growth and a 37× exit, ₹259 only delivers your return if you pay ₹579. The price is currently baking in 18% growth.

    EPS grows 35.9%/yr for 5 years, then fades to 6% over 2, exits at 37×.

    YearGrowthEPS (₹)
    FY2735.9%9.51
    FY2835.9%12.93
    FY2935.9%17.57
    FY3035.9%23.88
    FY3135.9%32.45
    FY3220.9% ·fade39.25
    FY336.0% ·fade41.60

    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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