Dr Agarwals Eye Hospital share price & results
- Jun 2026
- Sept 2026
Leading eye care hospital chain built around Tamil Nadu, offering cataract, retina and refractive surgery plus opticals.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 143 | +22.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 30.0 | −2.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 23.0 | +35.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 26.98 | −5.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 10.19 | +12.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 20.05 | −5.8 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −2.1% 1Y
1Y: ₹5,360.35 on 24 Oct 2025 → ₹5,250. High ₹5,758.8 (1 Dec 2025), low ₹4,474.55 (6 Mar 2026).
- Previous close
- ₹5,237.95
- Market cap
- ₹2.4k Cr
- 52-week range
- ₹4,474.55 – ₹5,758.8
- One year
- +1.38%
- Price to earnings (TTM to Jun 2026)
- 32.57×
- Return on equity (TTM to Jun 2026)
- 26.98%
Overview
- Symbol
- NSE:DRAGARWQ
- Sector
- Healthcare
- Exchange
- NSE
- Currency
- INR
What Dr Agarwals Eye Hospital Limited does
Based on the company's own presentations, annual report and earnings calls.
Dr. Agarwal's Eye Hospital Limited operates a chain of eye care hospitals and clinics predominantly across Tamil Nadu, providing cataract, refractive, corneal, vitreo-retinal and other ophthalmic surgeries alongside consultations, diagnostics and non-surgical treatments. It also earns from selling opticals, contact lenses, accessories and eye-care pharmaceutical products through the same facility network. The company runs an asset-light, leased-premises, hub-and-spoke model with Centres of Excellence anchoring tertiary care and smaller primary/secondary facilities feeding patients into them. It is a subsidiary of promoter entity Dr. Agarwal's Health Care Limited (AHCL), which holds a 71.9% stake, and a scheme to merge the two into a single listed entity was approved by the boards in August 2025.
Segments
- Surgeries
- Opticals, contact lenses, accessories & pharmaceutical products
- Diagnosis, consultations & others
- Total facilities
- 63 (as of June 2025)
- Facility mix
- 32 Primary, 29 Secondary, 2 Tertiary (Q1 FY26)
- Doctors
- 230+
- Paramedics
- 475+
- Patients served (FY25)
- 588,000+
- Surgeries performed (FY25)
- 62,000+
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +35% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 102 | 95 | 100 | 117 | 118 | 116 | 120 | 143 |
| Expenses | 72 | 69 | 68 | 80 | 78 | 82 | 86 | 100 |
| Operating profit | 30 | 26 | 32 | 37 | 40 | 34 | 34 | 43 |
| Operating margin | 29.0% | 27.0% | 32.0% | 32.0% | 34.0% | 30.0% | 28.0% | 30.0% |
| Other income | 2 | 2 | 0 | 1 | 1 | 3 | 2 | 2 |
| Interest | 4 | 4 | 3 | 4 | 4 | 2 | 2 | 3 |
| Depreciation | 9 | 10 | 10 | 11 | 11 | 12 | 12 | 11 |
| Profit before tax | 19 | 14 | 19 | 23 | 26 | 23 | 21 | 31 |
| Tax rate | 26.0% | 26.0% | 14.0% | 26.0% | 25.0% | 26.0% | 24.0% | 24.0% |
| Net profit | 14 | 10 | 16 | 17 | 19 | 17 | 16 | 23 |
| EPS (₹ per share) | 30.11 | 22.13 | 34.02 | 36.72 | 39.98 | 35.76 | 33.60 | 48.38 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 268 | 320 | 397 | 471 |
| Expenses | 193 | 228 | 278 | 326 |
| Operating profit | 75 | 91 | 119 | 145 |
| Other income | 1 | 4 | 4 | 7 |
| Interest | 7 | 8 | 14 | 12 |
| Depreciation | 21 | 27 | 39 | 46 |
| Profit before tax | 49 | 63 | 71 | 93 |
| Net profit | 37 | 47 | 54 | 69 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 73 | 109 | 152 | 205 | 310 | 341 |
| Borrowings | 193 | 232 | 268 | 333 | 335 | 326 |
| Other liabilities | 42 | 44 | 71 | 71 | 79 | 94 |
| Total liabilities | 314 | 390 | 496 | 613 | 729 | 766 |
| Fixed assets | 214 | 260 | 316 | 393 | 409 | 403 |
| Capital work in progress | 26 | 62 | 97 | 128 | 157 | 197 |
| Investments | 0 | 0 | 0 | 13 | 85 | 89 |
| Other assets | 73 | 67 | 83 | 80 | 79 | 78 |
| Total assets | 314 | 390 | 496 | 613 | 729 | 766 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 34 | 57 | 70 | 90 | 94 | 145 |
| Cash from investing | -11 | -46 | -71 | -70 | -133 | -174 |
| Cash from financing | -8 | -4 | 0 | -14 | 17 | 25 |
| Net cash flow | 15 | 7 | -1 | 6 | -23 | -4 |
| Free cash flow | 23 | 10 | -1 | 19 | -9 | 47 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 23 | 16 | 14 | 15 | 13 | 14 |
| Inventory days | 117 | 91 | 73 | 106 | 55 | 51 |
| Days payable | 401 | 410 | 327 | 345 | 101 | 97 |
| Cash conversion cycle | -260 | -303 | -240 | -224 | -34 | -31 |
| Working capital days | -70 | -58 | -50 | -63 | -51 | -55 |
| Return on capital employed | 11.0% | 20.0% | 19.0% | 18.0% | 18.0% | 17.0% |
| Dividend payout | 0.0% | 6.0% | 4.0% | 3.0% | 5.0% | 5.0% |
What the price assumes
FairTo justify its price of ₹5250, this stock must grow earnings at 24% every year for 7 years. Our analysis caps realistic growth at ~23%. At that growth it is worth ₹5019 — downside of 4%.
- Growth the price implies
- 23.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 23.1% a year
- net profit, FY23–FY26 · EPS 23.0%
- The gap
- 0.0 pp
- -4% downside if it only repeats history
Ownership
Who owns it
Promoters hold 72.67% as of Sept 2026; institutions added 0.47 pts since Jun 2026.
- Promoters 72.67%
- Foreign institutions 2.22%
- Domestic institutions 2.54%
- Public 22.56%
Who is on the register
Named in the Sep 2026 filing
Every holder of Dr Agarwals Eye Hospital Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 72.67% | unchanged | |
| 2.69% | unchanged | |
| FPI fund | 2.16% | unchanged |
| 2.06% | unchanged | |
| VC / PE | 1.66% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
Start an Inve Case for Dr Agarwals Eye Hospital Limited
Free account: one company. Everything above stays public.
Write why you follow Dr Agarwals Eye Hospital Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Healthcare companies
- SO
SOLARASolara Active Pharma Sciences Limited - IN
INDSWFTLABInd-Swift Laboratories Limited - AD
ADVENZYMESAdvanced Enzyme Technologies Limited - IN
INDRAMEDCOIndraprastha Medical Corporation Limited - HI
HIKALHikal Limited - FR
FREDUNFredun Pharmaceuticals Limited - KM
KMCSHILKMC Speciality Hospitals India Limited - BE
BETABeta Drugs Ltd
Learn to analyse Dr Agarwals Eye Hospital Limited
Guides on how to read this kind of business and the numbers that matter.