Is Earkart Ltd (544549) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Earkart Ltd is a below average quality company .

Is Earkart Ltd (544549) undervalued or overvalued?

The key valuation ratios of Earkart Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Earkart Ltd (544549) share price return in the past 10 years?

Data is not available for this company

Is Earkart Ltd (544549) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Earkart Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Earkart Ltd (544549)?

Company share prices are keep on changing according to the market conditions. The current trading price of Earkart Ltd (544549) on 17-Apr-2026 16:59:59 at 16:59 is 127.55.

What is the P/E ratio of Earkart?

The latest standalone P/E ratio of Earkart as of 17-Apr-2026 is 26.42.

What is the P/B ratio of Earkart Ltd (544549)?

The latest standalone P/B ratio of Earkart Ltd (544549) as of 17-Apr-2026 is 2.72.

What is the 52-week high and low of Earkart Ltd (544549)?

The 52-week high of Earkart Ltd (544549) is Rs. 265.95 and the 52-week low is Rs. 114.50.

Earkart Ltd (544549) Share Analysis – Quality, Pipeline & Valuation Zone & DeciZen Rating

Name: Earkart Ltd (544549)
Brand: Earkart

Earkart Ltd (544549) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Earkart Ltd (544549)

BSE: 544549 NSE:

Key Metrics

Market Cap

₹175 Cr.

P/E Ratio

26.42

Price to Book (P/B)

2.72

Price to Sales (P/S)

4.07

EV/EBITDA

18.60

Return on Capital Employed (ROCE)

44.39%

Current Price

₹127.6

Return on Equity (ROE)

40.63%

Return on Assets (ROA)

26.86%

Operating Profit Margin

22.3%

Net Profit Margin

15.41%

Gross Profit Margin

21.4%

Book Value per Share

₹46.9

Sales Growth (YoY)

35.78%

Sales Growth (3 Years)

96.41%

Operating Profit Growth (1 Year)

167.88%

Operating Profit Growth (3 Years)

309.16%

Net Profit Growth (1 Year)

116.99%

52-Week Low / High

₹115 / 266

Net Profit Growth (3 Years)

1745.82%

Dividend Yield

0.00%

Promoter Holding

57.34%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Earkart Ltd?

Earkart Ltd revenue growth is 35.8% for FY-2025 , which is above its 5 year CAGR of 0% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Earkart Ltd?

Promoters hold 57.34% of the Earkart Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Earkart Ltd vs industry peers?

Earkart Ltd revenue CAGR is 0.00% , compared to the industry median CAGR of 1.45% , indicating stable growth and maintaining its market share.

Q.1 Which industry/sub-sector does Earkart Ltd belong to?

Earkart Ltd belongs to the Healthcare sector, operating specifically within the Medical Equipment/Supplies/Accessories segment.

Q.1 Stock return of Earkart Ltd over the last decade?

Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

DeciZen - make an informed investing decision on Earkart

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

3. Price Trend

Earkart stock performance

Key Ratios

Is Earkart Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	2.3%	24%	29.1%	44.4%	-
Value Creation Index ⓘ	-0.8	0.7	1.1	2.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	5.7	28.9	31.8	43.1	43
Sales YoY Gr.	-	408.3%	9.8%	35.8%	-
Adj EPS ⓘ	0.1	1.7	3.9	6.3	4.8
YoY Gr.	-	1445.5%	129.4%	62.3%	-
BVPS (₹) ⓘ	6.3	8.7	17.2	18.9	46.9
Adj Net Profit ⓘ	0.1	1.3	2.9	6.6	7
Cash Flow from Ops. ⓘ	-2.8	-0.3	-1	0.7	-
Debt/CF from Ops. ⓘ	-0.1	-4.1	-4	7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	96.4%	35.8%
Adj EPS ⓘ	NA	NA	286.1%	62.3%
BVPSⓘ	NA	NA	44.2%	9.5%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	1.8	22.6	30	40.2	14.7
Op. Profit Mgn % ⓘ	2.4	5.7	11.3	22.3	NAN
Net Profit Mgn % ⓘ	1.5	4.4	9.3	15.3	15.4
Debt to Equity ⓘ	0.1	0.2	0.3	0.3	-
Working Cap Days ⓘ	0	113	174	188	0
Cash Conv. Cycle ⓘ	0	36	91	137	0

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	4.8	-
TTM Sales (₹ Cr.)	43.1	-
BVPS (₹) ⓘ	46.9	-
Reserves (₹ Cr.) ⓘ	51	-
P/BV ⓘ	2.72	-
PE ⓘ	26.42	-

From the Market
52 Week Low / High (₹)	114.50 / 265.95
All Time Low / High (₹)	114.50 / 265.95
Market Cap (₹ Cr.)	175
Equity (₹ Cr.)	13.8
Face Value (₹)	10
Industry PE ⓘ	163.7

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Earkart - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Sales	6	29	32	43
Operating Expenses ⓘ +	6	27	28	34
Manufacturing Costs	0	1	2	1
Material Costs	2	20	20	25
Employee Cost	1	3	3	4
Other Costs ⓘ	2	4	3	4
Operating Profit ⓘ	0	2	4	10
Operating Profit Margin (%)	2.4%	5.6%	11.3%	22.3%
Other Income ⓘ +	0	0	0	0
Exceptional Items ⓘ	0	0	0	0
Interest ⓘ	0	0	0	0
Depreciation ⓘ	0	0	0	0
Profit Before Tax ⓘ	0	1	3	9
Tax ⓘ	0	0	0	2
Profit After Tax	0	1	3	7
PAT Margin (%)	1.9%	4.5%	9.6%	15.4%
Adjusted EPS (₹)	0.1	1.7	4.1	6.4
Dividend Payout Ratio (%)	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	5	7	13	20
Share Capital ⓘ	0	0	0	10
Reserves ⓘ	5	6	13	9
Debt +	0	1	4	5
Long Term Debt	0	0	0	0
Short Term Debt	0	1	4	5
Minority Interest	0	0	0	0
Trade Payables	1	6	1	3
Others Liabilities ⓘ	0	1	1	2
Total Liabilities ⓘ	6	15	19	30
Fixed Assets
Net Fixed Assets ⓘ +	0	0	1	1
Gross Block	0	0	1	2
Accumulated Depreciation	0	0	0	1
CWIP ⓘ	0	0	0	0
Investments ⓘ	1	0	0	1
Inventories	1	5	6	7
Trade Receivables	2	5	6	19
Cash Equivalents	0	1	1	0
Others Assets ⓘ	2	4	4	3
Total Assets ⓘ	6	15	19	30

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-3	-0	-1	1
PBT ⓘ	0	1	3	9
Adjustment ⓘ	0	0	1	1
Changes in Working Capital ⓘ	-3	-2	-5	-7
Tax Paid ⓘ	-0	-0	-0	-2
Cash Flow From Investing Activity ⓘ +	-2	0	-1	-1
Capex	-0	-0	-1	-1
Net Investments	-1	1	-0	-1
Others ⓘ	-0	-1	-0	-0
Cash Flow From Financing Activity ⓘ +	5	0	3	-0
Net Proceeds from Shares ⓘ	5	0	3	0
Net Proceeds from Borrowing ⓘ	0	0	0	0
Interest Paid ⓘ	0	-0	-0	-0
Dividend Paid ⓘ	0	0	0	0
Others ⓘ	0	-0	0	0
Net Cash Flow ⓘ	0	1	1	-1

Finance Ratio

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	2.22	23.27	31.31	40.63
ROCE (%)	2.34	24.02	29.05	44.39
Asset Turnover Ratio	0.96	2.8	1.87	1.74
PAT to CFO Conversion(x)	N/A	-0	-0.33	0.14
Working Capital Days
Receivable Days	104	40	63	106
Inventory Days	48	39	67	54
Payable Days	93	58	63	30

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Announcements

Earkart Ltd FAQs

The current trading price of Earkart on 17-Apr-2026 16:59 is ₹127.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Earkart stood at ₹175.4 Cr

The latest P/E ratio of Earkart as of 16-Apr-2026 is 26.42.

The latest P/B ratio of Earkart as of 16-Apr-2026 is 2.72.

The 52-week high of Earkart is ₹265.9 and the 52-week low is ₹114.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Earkart is ₹43.11 ( Cr.) .

About Earkart Ltd

Earkart Limited was incorporated as ‘Earkart Private Limited’ a Private Limited Company in Noida, Uttar Pradesh on April 14, 2021. Thereafter, name of the company was changed from ‘Earkart Private Limited’ to ‘Earkart Limited’, consequent to conversion of the company from Private to Public Company, pursuant to a special resolution passed by the shareholders of the company on November 27, 2024.

The company manufactures and distributes modern hearing aids and related accessories at affordable prices across India. Along with their own manufactured hearing aid, it also trades in hearing aid, parts and accessories of other brands manufactured in India and abroad. In addition, it offers other products like adjustable foldable walkers and MultiSensory Integrated Educational Development (MSIED) and Teaching Learning Material (TLM) kits to support mobility and daily needs of physically challenged. It has developed a smart and easy-to-use remote audiometry machine that allows people to get tested and fitted for hearing aids from anywhere in the world.

It offers hearing solutions through its network of partners and clinics across India, which sell both domestic and global hearing aid brands. The company focuses on Tier 2 and Tier 3 cities, where it aims to bridge the accessibility gap using innovative delivery models like branded kiosks and dedicated telehealth services. The company is a trusted supplier on the Government e-Marketplace (GeM) and provides hearing aids to Artificial Limbs Manufacturing Corporation of India (ALIMCO). ALIMCO is 100% government owned enterprise functioning under the Administrative Control of Ministry of Social Justice & Empowerment, Department of Empowerment of Persons with Disabilities.

Business area of the company

The company assembles, manufactures, sells, trades, provides after sales services (including user training) and undertakes research and development of affordable hearing aids, MSIED Kits, TLM Kits & other rehabilitation products, including their components, accessories and parts thereof. The company focuses on Tier 2 and Tier 3 cities, where it aims to bridge the accessibility gap using innovative delivery models like branded kiosks and dedicated telehealth services.

Products and Services of the company

Products

Hearing Aids: The company manufactures three types of hearing aids, marketed under the brand names EQFYTM, Fame, and Radius. EQFYTM offers a single product, the Fame series includes four different product variation, and the Radius brand features eleven different product variations.
Hearing Aids Accessories: Hearing Aid Accessories are additional items designed to support the use, care, and performance of hearing aids. They include products like ear buds for a better fit, batteries for power, cleaning tools like brushes, wax guards to protect the device, and battery testers to ensure proper function.
MSIED Kit: It has been designed for educational purpose for Mentally Challenged.
TLM Kit: Teaching Learning Material (TLM) Kit consists of various products/materials used for education purpose and designed for 0-3 year age group, 3-6 year age group and 6 years above till 18 years.
ADJUSTABLE WALKER - FOLDABLE: Adjustable foldable walker is perfectly combined with its lightweight frame ensuring easy storage, portability and durability.

Services

Support services - Consultancy charges
Support services - Conversion Charge
Franchisee Fees
Audiometry Charge

History and milestones

2021: Launch of earKART CRM and dealer App.
2022: Bureau of Indian Standards (BIS) license received.
2022: First government order received for 10,000 Hearing Aids units.
2023: Granted ISO 13485:2016.
2023: Licence to Manufacture for Sale or for Distribution of Class A or Class B medical device.
2024: Launch of ENT (Shop in Shop Model).
2024: Launch of remote video Audiometry Device OMNI.
2024: Conversion into a Public Limited Company.

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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Earkart Ltd (544549) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Earkart Share Price