Artemis Medicare Services Limited

BSE: ARTEMISMED542919ISIN INE025R01021

Healthcare
Hospital
BSE 1000

Share price

₹300.60+15.30 (+5.36%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹378.40
52W low: ₹202.85
Off 52W high: -20.56%
1M return: -7.16%
3M return: -6.62%
6M return: +15.28%
1Y return: +22.59%
20D avg volume: 11,977
50 DMA: ₹321.29
200 DMA: ₹273.01

Key ratios Consolidated

Market cap: ₹4,758 Cr
Current price: ₹300.60
52W high / low: ₹378.40 / ₹202.85
Face value: ₹1.00
P/E: 41.36
P/B: 4.81
EPS (TTM): ₹7.27
Book value / share: ₹62.51
ROE: —
ROCE: 13.70%
Operating margin: —
Net margin: —
Debt / equity: 0.24
Net debt: ₹193.45 Cr
Interest cover: 6.03
Dividend yield: 0.15%
Dividend / share (TTM): ₹0.45
Payout: 6.19%
Cash conversion cycle: 11.7 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	311.04	287.32	279.23	272.35	274.70	254.96	239.90	232.39	241.42	223.20	225.24	218.78
	8.08	5.37	7.79	7.46	7.65	6.93	12.35	8.80	7.44	4.40	1.90	1.78
	319.12	292.70	287.01	279.81	282.36	261.89	252.25	241.19	248.86	227.61	227.14	220.57
	278.14	250.07	246.76	246.97	242.98	232.10	223.58	214.38	218.31	205.97	206.90	204.26
	63.53	59.99	60.42	64.11	64.61	64.72	58.51	140.44	58.58	79.38	54.65	53.86
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	44.09	42.84	44.97	43.42	39.27	38.40	39.14	37.47	35.87	35.88	36.06	34.69
	7.42	6.46	6.37	6.75	7.19	7.38	7.83	8.00	7.98	8.13	8.57	7.96
	14.50	12.73	12.76	12.44	11.71	11.16	11.74	11.45	11.17	10.80	11.04	10.16
	148.61	128.06	122.24	120.25	120.20	110.45	106.36	17.01	104.71	71.77	96.58	97.59
	40.98	42.63	40.25	32.84	39.38	29.78	28.66	26.81	30.55	21.64	20.24	16.31
	0.00	0.00	0.00	-3.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	40.98	42.63	40.25	29.77	39.38	29.78	28.66	26.81	30.55	21.64	20.24	16.31
	9.88	11.19	9.97	7.53	9.37	8.59	5.74	6.21	8.42	5.12	5.93	4.76
	31.10	31.44	30.28	22.23	30.00	21.20	22.92	20.60	22.13	16.52	14.30	11.55
	1.96	1.98	1.90	1.41	1.90	1.35	1.47	1.32	1.42	1.14	1.04	0.85
Key metrics
	62.90	61.82	59.38	48.96	58.28	48.32	48.23	46.26	49.70	40.57	39.85	34.43
	20.20%	21.50%	21.30%	18.00%	21.20%	19.00%	20.10%	19.90%	20.60%	18.20%	17.70%	15.70%
	10.00%	10.90%	10.80%	8.20%	10.90%	8.30%	9.60%	8.90%	9.20%	7.40%	6.30%	5.30%
	3.60%	—	3.80%	—	4.00%	—	3.20%	—	—	—	—	—
	13.20%	12.70%	16.40%	17.20%	13.80%	14.20%	6.50%	6.20%	—	—	—	—
	3.70%	48.30%	32.10%	7.90%	35.60%	28.30%	60.30%	78.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,150	1,081	936.92	878.57	737.42	554.80
	28.70	29.83	32.99	7.35	7.34	3.90
	1,179	1,111	969.90	885.93	744.76	558.70
	1,022	968.82	862.24	817.48	694.16	521.52
	248.05	253.85	227.44	218.66	194.88	341.54
	0.00	0.00	0.00	—	0.00	0.10
	175.32	166.07	148.37	138.95	120.78	104.30
	27.00	27.69	31.95	31.29	19.68	11.97
	52.43	48.07	45.16	40.32	31.00	22.19
	519.16	473.14	409.31	388.27	327.83	41.27
	156.70	142.25	107.67	68.45	50.61	37.19
	-3.07	-3.07	0.00	0.00	0.00	0.00
	153.63	139.18	107.67	68.45	50.61	37.19
	38.57	35.46	25.49	19.31	12.60	5.78
	115.05	103.72	82.18	49.15	38.01	31.40
	7.25	6.56	5.37	3.62	2.89	2.40
Key metrics
	233.06	214.94	184.78	140.06	101.29	71.35
	20.27%	19.90%	19.70%	15.90%	13.70%	12.90%
	10.00%	9.60%	8.80%	5.60%	5.20%	5.70%
	—	13.70%	12.20%	—	—	—
	14.77%	15.40%	6.60%	19.10%	32.90%	—
	21.46%	26.20%	67.20%	29.30%	21.10%	—
	—	27.00	52.47	—	—	—
	—	1.27	1.77	—	—	—
	—	0.24	0.29	—	—	—
	—	193.45	204.23	—	—	—
	—	11.7	4.0	—	—	—
Balance sheet
	—	1,429	1,357	—	—	—
	—	366.85	538.86	—	—	—
	—	33.41	41.59	—	—	—
	—	119.61	101.32	—	—	—
	—	13.42	9.98	—	—	—
	—	5.54	9.10	—	—	—
	—	721.34	655.24	—	—	—
	—	98.46	101.12	—	—	—
	—	210.81	216.13	—	—	—
	—	226.86	245.82	—	—	—
	—	36.91	36.34	—	—	—
	—	189.95	209.48	—	—	—
	—	940.68	843.55	—	—	—
Cash flow
	—	131.95	145.62	—	—	—
	—	-90.03	-385.38	—	—	—
	—	-50.10	266.75	—	—	—
	—	104.95	93.15	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	305.71	282.01	273.79	267.12	269.78	249.80	234.80	226.89	234.67	216.89	216.87	210.26
	8.18	5.40	7.68	7.49	7.78	6.96	12.23	8.80	7.50	4.38	1.87	1.71
	313.89	287.41	281.46	274.61	277.57	256.76	247.03	235.70	242.17	221.27	218.74	211.97
	273.12	245.30	242.19	241.97	237.80	226.69	218.04	208.66	211.09	199.14	199.29	195.71
	62.54	59.10	59.44	63.04	63.63	63.63	57.40	54.55	57.00	77.04	52.64	51.49
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	43.00	41.76	43.96	42.31	38.25	37.31	38.00	36.35	34.71	34.65	34.77	33.36
	7.39	6.42	6.31	6.59	6.93	7.11	7.53	7.65	7.60	7.70	8.08	7.56
	14.12	12.35	12.38	12.05	11.24	10.66	11.25	10.94	10.60	10.22	10.46	9.58
	146.08	125.66	120.09	117.97	117.74	107.98	103.86	16.40	101.18	69.52	93.35	93.71
	40.76	42.11	39.28	32.65	39.77	30.07	29.00	27.04	31.08	22.14	19.44	16.27
	0.00	0.00	0.00	-3.07	0.00	0.00	0.00	—	—	—	—	—
	40.76	42.11	39.28	29.57	39.77	30.07	29.00	27.04	31.08	22.14	19.44	16.27
	9.81	11.06	9.73	7.06	9.80	8.65	5.79	6.26	8.52	5.22	5.52	4.75
	30.95	31.05	29.55	22.51	29.96	21.42	23.20	20.78	22.56	16.92	13.92	11.51
	1.96	1.96	1.87	1.42	1.90	1.36	1.48	1.33	1.44	1.16	1.02	0.85
Key metrics
	62.27	60.88	57.97	48.21	57.94	47.84	47.78	45.63	49.28	40.06	37.98	33.41
	20.40%	21.60%	21.20%	18.00%	21.50%	19.20%	20.30%	20.10%	21.00%	18.50%	17.50%	15.90%
	10.10%	11.00%	10.80%	8.40%	11.10%	8.60%	9.90%	9.20%	9.60%	7.80%	6.40%	5.50%
	3.60%	—	3.70%	—	4.00%	—	3.20%	—	—	—	—	—
	13.30%	12.90%	16.60%	17.70%	15.00%	15.20%	8.30%	7.90%	—	—	—	—
	3.30%	45.00%	27.40%	8.30%	32.80%	26.60%	66.70%	80.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,129	1,060	913.26	845.23	714.33	544.78
	28.75	29.91	32.91	7.29	7.13	3.88
	1,157	1,090	946.18	852.51	721.47	548.67
	1,003	948.64	836.92	784.48	668.60	509.86
	244.12	249.74	222.22	209.80	188.62	335.37
	0.00	0.00	0.00	—	0.00	0.10
	171.03	161.84	143.71	133.59	116.71	102.20
	26.71	26.94	30.48	29.59	18.59	11.17
	50.90	46.33	43.02	38.03	29.47	21.08
	509.80	463.79	397.48	373.45	315.22	39.81
	154.80	141.76	109.25	68.04	52.86	38.81
	-3.07	-3.07	0.00	—	—	—
	151.72	138.69	109.25	68.04	52.86	38.81
	37.66	35.24	25.80	18.89	13.18	6.23
	114.06	103.44	83.46	49.15	39.69	32.58
	7.21	6.55	5.42	3.62	2.98	2.46
Key metrics
	229.33	211.96	182.75	135.66	100.92	71.06
	20.32%	20.00%	20.00%	16.10%	14.10%	13.00%
	10.11%	9.80%	9.10%	5.80%	5.60%	6.00%
	—	13.60%	12.30%	—	—	—
	15.02%	16.10%	8.00%	18.30%	31.10%	—
	19.61%	23.90%	69.80%	23.80%	21.80%	—
	—	23.94	46.09	—	—	—
	—	1.25	1.67	—	—	—
	—	0.24	0.28	—	—	—
	—	192.66	195.03	—	—	—
	—	10.0	1.9	—	—	—
Balance sheet
	—	1,424	1,343	—	—	—
	—	358.00	527.34	—	—	—
	—	33.04	41.01	—	—	—
	—	111.45	92.86	—	—	—
	—	13.01	9.33	—	—	—
	—	5.45	8.99	—	—	—
	—	707.65	639.90	—	—	—
	—	95.61	97.21	—	—	—
	—	206.57	207.49	—	—	—
	—	225.70	236.04	—	—	—
	—	35.75	31.92	—	—	—
	—	189.95	204.12	—	—	—
	—	938.67	841.80	—	—	—
Cash flow
	—	128.82	139.08	—	—	—
	—	-96.02	-388.28	—	—	—
	—	-40.77	276.96	—	—	—
	—	104.88	92.99	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +14.08%
Sales CAGR 5Y: —
Profit CAGR 3Y: +37.62%
Profit CAGR 5Y: —
Sales YoY (TTM): +15.02%
Profit YoY (TTM): +19.61%

Consolidated

Sales CAGR 3Y: +13.61%
Sales CAGR 5Y: —
Profit CAGR 3Y: +39.74%
Profit CAGR 5Y: —
Sales YoY (TTM): +14.77%
Profit YoY (TTM): +21.46%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 58.39%

Quarter	September 2026	June 2026
Promoter %	58.39%	58.39%

Holder	Type	Holding	Previous	Change
Constructive Finance Private Limited	Promoter	58.38%	58.38%	0.00%
INTERNATIONAL FINANCE CORPORATION	Public	11.98%	11.98%	0.00%
GOVERNOR OF KERALA	Public	4.26%	4.26%	0.00%
DEVLINA CHAKRAVARTY	Public	2.84%	2.92%	-0.08%
KERALA STATE INDUSTRIAL DEVELOPMENT CORPORATION	Public	1.90%	1.90%	0.00%
ARTEMIS MEDICARE SERVICES LIMITED-UNCLAIMED SUSPENSE ACCOUNT	Public	1.48%	1.48%	0.00%
Onkar Kanwar	Promoter	0.01%	0.01%	0.00%
Leto Realtors Private Limited	Promoter Group	0.00%	0.00%	0.00%
Raaja Kanwar	Promoter Group	0.00%	0.00%	0.00%
Sunrays Properties and Investments Company Private Limited	Promoter Group	0.00%	0.00%	0.00%
Landmark Farms and Housing Private Limited	Promoter Group	0.00%	0.00%	0.00%
Indian Institute of Translational Research Private Limited	Promoter Group	0.00%	0.00%	0.00%
Apollo Tyres Limited	Promoter Group	0.00%	0.00%	0.00%
Classic Industries and Exports Limited	Promoter Group	0.00%	0.00%	0.00%
OSK Holdings Private Limited	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Apollo Hospitals Enterprises Ltd.	1,20,190	8,577.00	56.78	19.50%	+19.24% TTM	+35.20% TTM	+9.78%
Max Healthcare Institute Limited	90,518	926.00	65.28	12.70%	+15.17% TTM	+1.73% TTM	-18.59%
Manipal Health Enterprises Limited	86,401	667.70	—	—	—	—	—
ASTER DM QUALITY CARE LIMITED	62,756	718.90	172.72	10.20%	+15.70% TTM	+3.89% TTM	+4.39%
Fortis Healthcare Ltd	61,907	790.90	55.79	12.00%	+17.50% TTM	+18.62% TTM	-22.35%
Narayana Hrudayalaya Limited	39,151	1,929.30	45.89	11.40%	+71.40% TTM	+1.61% TTM	+5.41%
Global Health Limited	37,379	1,401.45	61.46	15.00%	+26.18% TTM	+9.16% TTM	+12.21%
Krishna Institute of Medical Sciences Limited	30,690	739.85	159.85	8.20%	+30.90% TTM	-51.92% TTM	+3.15%
Dr. Agarwal's Health Care Limited	16,215	524.15	89.77	9.70%	—	—	+1.80%
Rainbow Children's Medicare Limited	12,805	1,278.95	43.51	16.80%	+22.83% TTM	+17.12% TTM	-8.02%
PARK MEDI WORLD LIMITED	10,559	230.55	—	18.10%	—	—	—
YATHARTH HOSPITAL & TRAUMA CARE SERVICES LIMITED	9,908	1,027.45	54.50	11.00%	+50.40% TTM	+19.12% TTM	+25.09%
Jupiter Life Line Hospitals Limited	9,384	279.95	49.57	13.80%	+16.71% TTM	-6.85% TTM	-9.74%
HealthCare Global Enterprises Limited	9,125	621.95	279.19	6.90%	+13.77% TTM	-19.23% TTM	—
Paras Healthcare Limited	8,379	751.85	—	—	—	—	—
Kovai Medical Center & Hospital Ltd S	6,452	5,996.35	25.97	20.60%	+14.96% TTM	+16.29% TTM	-1.95%
Artemis Medicare Services Limited	4,768	300.60	41.36	13.70%	+14.77% TTM	+21.46% TTM	+22.59%
Indraprastha Medical Corporation Lt S	3,062	337.25	16.09	30.70%	+10.72% TTM	+9.95% TTM	-44.21%
KMC Speciality Hospitals India Limited S	2,611	150.40	43.98	24.60%	+35.05% TTM	+137.83% TTM	+118.35%
Dr.Agarwals Eye Hospital Ltd. S	2,598	5,413.80	34.33	16.10%	+20.01% TTM	+31.87% TTM	+2.39%
Shalby Limited	1,312	123.70	35.06	7.90%	+7.27% TTM	+17,422.73% TTM	-49.15%
GUJARAT KIDNEY AND SUPER SPECIALITY LIMITED	1,261	159.75	75.29	8.60%	—	—	—
GPT Healthcare Limited S	1,182	140.45	24.38	16.40%	+18.07% TTM	-0.78% TTM	-5.48%
Rays of Belief Limited	523	252.45	—	—	—	—	—
ASARFI HOSPITAL LIMITED	366	176.40	—	18.40%	—	—	+22.97%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Audio Recording of Earnings Conference Call - Q2 and H2 FY272 Nov 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication - October 31, 202631 Oct 2026 · Company Update / Newspaper Publication
Monitoring Agency Report for the quarter ended September 30, 202630 Oct 2026 · Company Update / Monitoring Agency Report
Earnings Presentation - Q2 and H1 FY2730 Oct 2026 · Company Update / Investor Presentation
Press Release - October 30, 202630 Oct 2026 · Company Update / Press Release / Media Release
Un-audited Financial Results (Standalone and Consolidated) of the Company for the quarter/ half year ended September 30, 202630 Oct 2026 · Result / Financial Results
Outcome of Board Meeting held on October 30, 202630 Oct 2026 · Board Meeting / Outcome of Board Meeting
Intimation of schedule of Earnings Conference Call - Q2 and H1 FY2727 Oct 2026 · Company Update / Analyst / Investor Meet
Artemis Medicare Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve the Un-audited Financial ....27 Oct 2026 · Board Meeting / Board Meeting
Certificate under Reg. 74(5) of SEBI (DP) Regulations for the quarter ended September 30, 20266 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Disclosure under Regulation 30 of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 201529 Sep 2026 · Company Update / General
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201529 Sep 2026 · Company Update / General
Notice of closure of Trading Window for the quarter ending September 30, 202628 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation regarding reaffirmation of Credit Rating24 Sep 2026 · Company Update / Credit Rating
Newspaper Publication for opening of the special window for transfer and dematerialisation of physical securities15 Sep 2026 · Company Update / Newspaper Publication
Analysts/ Institutional Investors' Conference - September 22, 20268 Sep 2026 · Company Update / Analyst / Investor Meet
Analysts/ Institutional Investors' Conference - September 3, 202627 Aug 2026 · Company Update / Analyst / Investor Meet
Transcript of Earnings Conference Call - Q1 FY2710 Aug 2026 · Company Update / Earnings Call Transcript
Analysts/ Institutional Investors' Conference - August 13, 202610 Aug 2026 · Company Update / Analyst / Investor Meet
Audio Recording of Earnings Conference Call - Q1 FY274 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication - August 4, 20264 Aug 2026 · Company Update / Newspaper Publication
Monitoring Agency Report for the quarter ended June 30, 20263 Aug 2026 · Company Update / Monitoring Agency Report
Press Release - August 3, 20263 Aug 2026 · Company Update / Press Release / Media Release
Earnings Presentation-Q1 FY273 Aug 2026 · Company Update / Investor Presentation
Intimation of proposed capacity expansion by adding 200+ beds through Tower IV in the Company''s flagship Hospital located at Sector-51, Gurugram3 Aug 2026 · Company Update / General
Un-audited Financial Results (Standalone and Consolidated) of the Company for the Quarter ended June 30, 20263 Aug 2026 · Result / Financial Results
Outcome of Board Meeting held on August 3, 20263 Aug 2026 · Board Meeting / Outcome of Board Meeting
Intimation regarding completion of tenure of an Independent Director3 Aug 2026 · Company Update / Change in Directorate
Re-appointment of Statutory Auditors31 Jul 2026 · Company Update / Appointment of Statutory Auditor/s
Appointment of an Independent Director for a term of 3 (three) years effective from August 1, 202631 Jul 2026 · Company Update / Change in Directorate
Voting Results of 22nd Annual General Meeting and Scrutinizer''s Report31 Jul 2026 · AGM/EGM / AGM
Proceedings of the 22nd Annual General Meeting held on July 31, 202631 Jul 2026 · AGM/EGM / AGM
Intimation of schedule of Earnings Conference Call - Q1 FY2729 Jul 2026 · Company Update / Analyst / Investor Meet
Artemis Medicare Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/08/2026 ,inter alia, to consider and approve the Un-audited Financial ....29 Jul 2026 · Board Meeting / Board Meeting
Voting Results of Postal Ballot and Scrutinizer''s Report20 Jul 2026 · AGM/EGM / Postal Ballot
Newspaper Publication for opening of the special window for transfer and dematerialisation of physical securities15 Jul 2026 · Company Update / Newspaper Publication
Commencement of Operations of Artemis Shanti Hospital, Raipur9 Jul 2026 · Company Update / General
Newspaper Publication - July 8, 20268 Jul 2026 · Company Update / Newspaper Publication
Letter to shareholders containing weblink of Annual Report for the financial year 2025-267 Jul 2026 · Company Update / General
Business Responsibility and Sustainability Report for the financial year ended March 31, 20267 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.4500	10 Jul 2026	10 Jul 2026	—
Final Dividend - Rs. - 0.4500	11 Jul 2025	11 Jul 2025	—
Final Dividend - Rs. - 0.4500	5 Jul 2024	5 Jul 2024	—

Board meetings

30 Oct 2026 Board Meeting - Financial Results
3 Aug 2026 Board Meeting - Financial Results