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    Thyrocare Technologies Limited

    Pan-India B2B diagnostics chain that runs sample-testing labs for franchisees, hospitals and health platforms.

    Healthcare
    Healthcare
    View THYROCARE earnings calls
    ₹540.55
    +16.86% from avg

    Overview

    Price

    ₹540.55

    Market Cap

    ₹9.3k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital53535353535353159
    Reserves314374474481474494481426
    Borrowings128212342252551
    Other Liabilities90106607475121121111
    Total Liabilities469541607632644693680747
    AssetsFixed Assets269253285294306297301317
    CWIP583231433
    Investments90126146144162162146177
    Other Assets105154173192173220230250
    Total Assets469541607632644693680747

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating100168115113129168191213
    Cash from Investing-121-49-24-39-91-53-23
    Cash from Financing-94-165-62-89-86-85-130-170
    SummaryCapital Expenditure
    Free Cash Flow61158939988107146198
    FCF Margin

    Valuation

    Assumptions

    Current — THYROCARE
    Price
    ₹541
    EPS (TTM)
    ₹11.08
    PE (TTM)
    48.8
    Profit growth
    36.6%

    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 (134.6×) and current (48.8×) 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
    ₹541
    vs
    Fair value · 15% return
    ₹1,248
    131%Undervalued

    At 36.6% growth and a 49× exit, ₹541 only delivers your return if you pay ₹1,248. The price is currently baking in 17% growth.

    EPS grows 36.6%/yr for 5 years, then fades to 6% over 2, exits at 49×.

    YearGrowthEPS (₹)
    FY2736.6%15.14
    FY2836.6%20.67
    FY2936.6%28.24
    FY3036.6%38.58
    FY3136.6%52.70
    FY3221.3% ·fade63.92
    FY336.0% ·fade67.76

    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.

    Learn to analyse Thyrocare Technologies Limited

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