Dr Agarwals Eye Hospital Limited
NSE: DRAGARWQHospital
Share price
₹5,161.50
+0.02% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
74
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹2,581 Cr
P/E ratio
34.4
P/B ratio
7.2
ROCE
17.2%
ROE
25.2%
Dividend yield
0.1%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 20.0% over the past year, and 13.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales held steady, near 30.5% over the last four years.
Whether it grew faster than its sector
It grew 13.5% a year against a sector median of 13.1% — 0.4 percentage points faster.
Room to re-rate, or risk of de-rating
At 34.4× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 56.8×, across 5 companies. It is against its own five-year median of 37.2×, the 36th percentile of its own range.
Whether growth justifies the valuation
Priced at 1.6 times its growth rate, on earnings growth of 22%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Dr Agarwals Eye Hospital Limited — this one | 22%/yr | 34.4× | ₹1.6 |
| Apollo Hospitals | 32%/yr | 52.5× | ₹1.6 |
| MANIPALHOS | 22%/yr | 101.7× | ₹4.6 |
| Max Healthcare Institute | 10%/yr | 56.8× | ₹5.7 |
| Aster DM Healthcare Limited | -1%/yr | 163.5× | — |
| Fortis Healthcare Limited | 27%/yr | 54.0× | ₹2.0 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Hospital), it ranks 10 of 24 on returns, 19 of 23 on growth, 3 of 25 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 17.2% on capital, ahead of 58% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹456 crore of cash from the business and spent ₹389 crore on plant and equipment, with ₹67 crore to spare; it still raised ₹24 crore mostly borrowed — borrowings rose from ₹193 crore to ₹326 crore. And the profit is real: of every 100 rupees it reported over 12 years, about 225 arrived as cash — well above the profit, more than depreciation and interest account for, so do not count on it repeating.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 9 checks clear · 78%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 3 Aug 2026 · Standalone · Unaudited
Revenue
₹143 Cr
Revenue vs last year
+22.3%
Revenue vs last quarter
+19.1%
Net profit
₹23 Cr
Profit vs last year
+37.5%
Profit vs last quarter
+46.1%
Net margin
16.4%
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹2,581 Cr
- Prev close
- ₹5,161.50
- 52w High
- ₹6,392
- 52w Low
- ₹4,412
- Enterprise value
- —
- Beta
- 0.7
- Price CAGR 1y
- 5.0%
- Price CAGR 3y
- 29.0%
- Price CAGR 5y
- 67.0%
- Price CAGR 10y
- 38.0%
Ratios
- Return on assets
- 9.1%
- PEG ratio
- 1.5
- P/E ratio
- 34.4
- P/B ratio
- 7.2
- EV / EBITDA
- —
- Industry P/E
- 54.3
- ROCE
- 17.2%
- ROCE 5y average
- 18.4%
- ROE
- 25.2%
- Debt / Equity
- 0.9
- Interest coverage
- 7.7
- Dividend yield
- 0.1%
- ROE 3y average
- 28.0%
- ROE last year
- 24.0%
Annual P&L
- Annual revenue
- ₹471 Cr
- Annual profit
- ₹70 Cr
- Operating margin
- 31.0%
- Net profit margin
- 14.9%
- EBITDA margin
- 31.2%
- Sales growth 3y
- 20.7%
- Sales growth 5y
- 27.5%
- Profit growth 3y
- 22.0%
- Profit growth 5y
- 118.0%
- EPS
- ₹145
- Sales growth TTM
- 20.0%
- Profit growth TTM
- 32.0%
- Dividend payout
- 5.0%
Quarter P&L
- Sales latest quarter
- ₹143 Cr
- Profit latest quarter
- ₹23 Cr
- YoY quarterly sales growth
- 22.3%
- YoY quarterly profit growth
- 35.3%
- OPM latest quarter
- 30.3%
Balance Sheet
- Book Value
- ₹692
- Face Value
- ₹10.0
- Total debt
- ₹326 Cr
- Total cash
- ₹96 Cr
- Borrowings
- ₹326 Cr
- Reserves / Equity
- 68.2
Cash Flow
- Operating cash flow
- ₹145 Cr
- Free cash flow
- ₹47 Cr
- FCF yield
- 1.3%
- Net cash flow
- -₹4 Cr
Shareholding
- Promoter holding
- 72.7%
- FII holding
- 2.2%
- DII holding
- 2.0%
- Public holding
- 23.0%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Apollo Hospitals | 7,917.00 | 54.1 | 1,13,834 | 0.25 | 610.4 | 34.2 | 7,043.5 | 20.6 | 17.4 |
| Manipal Health | 699.15 | 103.9 | 91,965 | 0.00 | 243.4 | -7.9 | 3,090.6 | 38.1 | 12.1 |
| Max Healthcare | 908.00 | 59.0 | 88,377 | 0.22 | 323.0 | 4.9 | 2,366.2 | 16.7 | 14.7 |
| Aster DM Quality | 680.30 | 164.3 | 59,300 | 0.44 | 29.3 | -46.1 | 1,310.7 | 21.6 | 11.6 |
| Fortis Health. | 779.10 | 55.1 | 58,819 | 0.13 | 272.8 | 3.4 | 2,545.0 | 17.5 | 13.4 |
| Narayana Hrudaya | 1,723.20 | 40.9 | 35,215 | 0.26 | 207.3 | 5.7 | 2,683.6 | 78.0 | 15.5 |
| Global Health | 1,294.10 | 60.8 | 34,795 | 0.04 | 157.3 | -0.2 | 1,304.1 | 26.5 | 17.4 |
| Dr Agarwal's Eye | 5,198.00 | 33.0 | 2,512 | 0.13 | 23.4 | 35.5 | 143.0 | 22.3 | 17.2 |
| Median | 406.32 | 49.3 | 5,757 | 0.02 | 30.2 | 19.9 | 399.4 | 22.3 | 14.7 |
Competes with: Apollo Hospitals, Aster DM Healthcare Limited, Fortis Healthcare Limited, Global Health Limited, Krishna Institute of Medical Sciences Limited, MANIPALHOS, Max Healthcare Institute, Narayana Hrudayalaya Ltd.
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 79 | 84 | 76 | 81 | 100 | 102 | 95 | 100 | 117 | 118 | 116 | 120 | 143 |
| Expenses | 56 | 61 | 55 | 56 | 69 | 72 | 69 | 68 | 80 | 78 | 82 | 86 | 100 |
| Material Cost | 0 | ||||||||||||
| Change in Inventories | -1.06 | ||||||||||||
| Purchases of Stock-in-Trade | 15 | ||||||||||||
| Employee Cost | 27 | ||||||||||||
| Other Expenses | 59 | ||||||||||||
| Operating Profit | 23 | 23 | 21 | 24 | 31 | 30 | 26 | 32 | 37 | 40 | 34 | 34 | 43 |
| OPM % | 29 | 28 | 27 | 30 | 31 | 29 | 27 | 32 | 32 | 34 | 30 | 28 | 30 |
| Other Income | 0 | 1 | 1 | 2 | 0 | 2 | 2 | 0 | 1 | 1 | 3 | 2 | 2 |
| Exceptional items (within Other Income) | 0 | ||||||||||||
| Interest | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 3 | 4 | 4 | 2 | 2 | 3 |
| Depreciation | 6 | 6 | 7 | 8 | 10 | 9 | 10 | 10 | 11 | 11 | 12 | 12 | 11 |
| Profit before tax | 16 | 17 | 13 | 17 | 19 | 19 | 14 | 19 | 23 | 26 | 23 | 21 | 31 |
| Tax % | 26 | 24 | 26 | 26 | 25 | 26 | 26 | 14 | 26 | 25 | 26 | 24 | 24 |
| Net Profit | 12 | 13 | 9 | 13 | 14 | 14 | 10 | 16 | 17 | 19 | 17 | 16 | 23 |
| EPS in Rs | 25 | 27 | 20 | 27 | 30 | 30 | 22 | 34 | 37 | 40 | 36 | 34 | 48 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 118 | 137 | 149 | 153 | 170 | 176 | 140 | 201 | 268 | 319 | 397 | 471 | 497 |
| Expenses | 103 | 119 | 126 | 129 | 140 | 129 | 109 | 143 | 192 | 227 | 277 | 324 | 345 |
| Operating Profit | 15 | 18 | 23 | 24 | 30 | 47 | 31 | 59 | 76 | 92 | 120 | 147 | 151 |
| OPM % | 13 | 13 | 15 | 16 | 18 | 27 | 22 | 29 | 28 | 29 | 30 | 31 | 30 |
| Other Income | 0 | -5 | 1 | 2 | 2 | 3 | 1 | 1 | 2 | 5 | 5 | 6 | 7 |
| Interest | 4 | 5 | 4 | 3 | 4 | 9 | 7 | 7 | 8 | 8 | 15 | 14 | 10 |
| Depreciation | 6 | 9 | 9 | 10 | 11 | 21 | 19 | 20 | 20 | 27 | 39 | 46 | 47 |
| Profit before tax | 5 | -0 | 11 | 13 | 17 | 20 | 6 | 32 | 49 | 62 | 71 | 94 | 101 |
| Tax % | -6 | -104 | 33 | 49 | 32 | 31 | 125 | 25 | 25 | 26 | 23 | 25 | |
| Net Profit | 6 | 0 | 7 | 7 | 12 | 14 | -1 | 24 | 37 | 46 | 55 | 70 | 76 |
| EPS in Rs | 12 | 0.09 | 16 | 14 | 25 | 29 | -3.06 | 51 | 79 | 99 | 116 | 145 | 158 |
| Dividend Payout % | 10 | 940 | 10 | 8 | 6 | 0 | 0 | 6 | 4 | 3 | 5 | 5 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 13%
- 5 years
- 27%
- 3 years
- 21%
- TTM
- 20%
Compounded profit growth
- 10 years
- 35%
- 5 years
- 118%
- 3 years
- 22%
- TTM
- 32%
Stock price CAGR
- 10 years
- 38%
- 5 years
- 67%
- 3 years
- 29%
- 1 year
- 5%
Return on equity
- 10 years
- 28%
- 5 years
- 30%
- 3 years
- 28%
- Last year
- 24%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 4.70 | 4.70 | 5 |
| Reserves | 19 | 19 | 25 | 30 | 41 | 51 | 50 | 73 | 109 | 152 | 205 | 341 |
| Borrowings | 27 | 31 | 23 | 18 | 24 | 60 | 68 | 193 | 232 | 268 | 333 | 326 |
| Other Liabilities | 18 | 24 | 20 | 28 | 31 | 24 | 33 | 42 | 44 | 71 | 71 | 94 |
| Total Liabilities | 69 | 79 | 72 | 81 | 100 | 141 | 155 | 314 | 390 | 496 | 613 | 766 |
| Fixed Assets | 26 | 34 | 33 | 36 | 55 | 94 | 96 | 214 | 260 | 316 | 393 | 403 |
| CWIP | 0 | 1 | 1 | 3 | 0 | 0 | 0 | 26 | 62 | 97 | 128 | 197 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 89 |
| Other Assets | 43 | 44 | 38 | 42 | 45 | 47 | 60 | 73 | 67 | 83 | 80 | 78 |
| Total Assets | 69 | 79 | 72 | 81 | 100 | 141 | 155 | 314 | 390 | 496 | 613 | 766 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 14 | 17 | 20 | 19 | 25 | 39 | 34 | 57 | 70 | 90 | 94 | 145 |
| Cash from Investing Activity | -10 | -17 | -8 | -11 | -25 | -17 | -11 | -46 | -71 | -70 | -133 | -174 |
| Cash from Financing Activity | -5 | -0 | -12 | -8 | 2 | -20 | -8 | -4 | 0 | -14 | 17 | 25 |
| Net Cash Flow | -1 | 0 | 0 | -0 | 2 | 2 | 15 | 7 | -1 | 6 | -23 | -4 |
| Free Cash Flow | 3 | 1 | 12 | 7 | 0 | 22 | 23 | 10 | -1 | 19 | -8.45 | 47 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 19 | 24 | 16 | 17 | 19 | 14 | 23 | 16 | 14 | 15 | 13 | 14 |
| Inventory Days | 238 | 200 | 123 | 148 | 124 | 132 | 117 | 91 | 73 | 106 | 55 | 51 |
| Days Payable | 360 | 371 | 277 | 353 | 292 | 224 | 401 | 410 | 327 | 345 | 101 | 97 |
| Cash Conversion Cycle | -103 | -146 | -138 | -189 | -149 | -78 | -260 | -303 | -240 | -224 | -34 | -31 |
| Working Capital Days | -31 | -39 | -25 | -39 | -22 | -34 | -70 | -58 | -50 | -63 | -51 | -55 |
| ROCE % | 19 | 18 | 29 | 32 | 34 | 30 | 11 | 20 | 19 | 18 | 18 | 17 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Dr Agarwals Eye Hospital Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Healthcare
- Industry
- Hospital
- Classification
- Healthcare › Hospital
- ISIN
- INE934C01018
News impact
Big market events that reach Dr Agarwals Eye Hospital Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 2 Sep 2026 | unspecified | ₹4 |
|---|
Documents
Annual reports, results presentations and earnings calls, straight from the source.
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.