Thyrocare Technologies Ltd Stock Analysis

BSE: 539871 | NSE: THYROCARE | Hospital & Healthcare Services | Small Cap

BSE Share Price 31-Mar-2023 18:02
429.70 8.15 (1.93%)

DeciZen - Make an Informed Decision on Thyrocare Tech.

Overall Rating

1. Quality

2. Valuation

Undervalued

3. Price Trend

Thyrocare Tech. Price Chart

P/E Ratio ( CD) :
31.21
Market Cap :
2,274.4 Cr.
52-wk low :
416
52-wk high :
917
Bole Toh?

1. Is Thyrocare Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Thyrocare Technologies Ltd is a good quality company.

2. Is Thyrocare Technologies Ltd undervalued or overvalued?

The key valuation ratios of Thyrocare Technologies Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Thyrocare Technologies Ltd a good buy now?

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

10 Year X-Ray of Thyrocare Tech.:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Thyrocare Technologies Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%0%14.5%15.2%16%21.3%18.6%22.6%26.9%33.7%-
Value Creation Index NANA0.00.10.10.50.30.60.91.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00183241304356403434495589521
YoY Gr. Rt. %-NANA31.7%26.3%17.1%13.1%7.8%13.9%19.1%-
Adj EPS 008.99.511.516.915.51720.13013.8
YoY Gr. Rt. %-NANA6.9%21.1%46.8%-8.6%9.9%18.4%49.3%-
BVPS (₹) 0054.567.6758281.768.780.398.997.1
Adj Net Profit 004551.16290.981.689.810615973
Cash Flow from Ops. 0034.567.889.6107100168115113-
Debt/CF from Ops. 00000.100000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA14.1%13.5%19.1%
Adj EPS NA21.1%24.8%49.3%
BVPS 05.76.623.2
Share Price - -6.5% -4.9% -45.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0016.315.91621.418.622.426.833.314.1
Op. Profit Mgn % 0039.939.138.340.938.34034.739.925.5
Net Profit Mgn % 002421.220.425.520.120.521.82714
Debt to Equity 00000000000
Working Cap Days 00060514451688590173
Cash Conv. Cycle 000191915133731123

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.48%

Net Profit is growing at healthy rate in last 3 years 24.76%

Return on Equity has declined versus last 3 years average to 14.10%

Sales growth is not so good in last 4 quarters at -11.96%

Latest Financials - Thyrocare Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 12.7 13.8
TTM Sales (₹ Cr.) 485 521
BVPS (₹.) 95 97.1
Reserves (₹ Cr.) 450 461
P/BV 4.52 4.44
PE 33.74 31.21
From the Market
52 Week Low / High (₹) 416.00 / 916.95
All Time Low / High (₹) 406.65 / 1465.90
Market Cap (₹ Cr.) 2,274
Equity (₹ Cr.) 52.9
Face Value (₹) 10
Industry PE 58.5

Management X-Ray of Thyrocare Tech. :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00100.00100.00100.00100.00100.00100.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Thyrocare Tech.

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Thyrocare Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Thyrocare Tech. on 31-Mar-2023 18:02 is : 429.7.
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 31-Mar-2023 18:02 the market cap of Thyrocare Tech. stood at ₹ 2,274.4.
The latest PE ratio of Thyrocare Tech. as of 31-Mar-2023 18:02 is 33.74.
The latest PB ratio of Thyrocare Tech. as of 31-Mar-2023 18:02 is 4.52
The 52-week high of Thyrocare Tech. is ₹ 917.0 and the 52-week low is ₹ 416.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Thyrocare Tech. is ₹ 485.0 ( Cr.) .

About Thyrocare Technologies Ltd

Thyrocare Technologies Ltd. is India's first and most advanced Totally Automated Laboratory having its strong presence in several cities / towns in India and internationally. Thyrocare is India's first fully automated diagnostic laboratory with a focus on providing quality at affordable costs to laboratories and hospitals in India and other countries. Thyrocare operates with a Centralized Processing Laboratory (CPL) in Mumbai - India for esoteric tests; and Regional Processing Laboratory in major metro cities of India and other parts of Asia. It has focus on strong technologies, strong brands and strong systems that enable all laboratories to give their clients the best of science and technology at an affordable cost. Thyrocare became one of the first Indian diagnostic laboratories to obtain internationally renowned quality accreditations like ISO 9001-2000 rating as early as 2001, which is now escalated to ISO 9001:2008 and CAP (College of American Pathologists) certification in 2007.

Business area of the company

Thyrocare Technologies is an India-based healthcare service provider. The Company operates with a centralized processing laboratory (CPL) in Mumbai, India for esoteric tests, and regional processing laboratory in metro cities of India and other parts of Asia. The Company offers technologies, including Chemiluminescence Immunoassay (CLIA), Enzyme Linked Immunosorbent Assay (ELISA), High Performance Liquid Chromatography (HPLC), Capillary Electrophoresis (CE), Ion Selective Electrode (ISE), Fluorescence Flow Cytometry, Nephelometry, Photometry, Liquid Chromatography Mass Spectrometry (LC-MS), Inductively Coupled Plasma-Mass Spectrometry (ICP-MS) and Cytogenetics. The Company offers cancer diagnosis and water testing through its brands Nueclear and Whaters, respectively.

Major events and milestones

  • 2000: The company was incorporated in the name and style of ‘Thyrocare Technologies Limited’ and received a certificate for commencement of operations.
  • 2001: The company received ISO 9001 certification.
  • 2001: The company commenced commercial operations under the brand name ‘Thyrocare’ pursuant to the acquisition of business of TDPL and TBPL (which were incorporated in 1996).
  • 2005: The company received NABL accreditation.
  • 2006: The company issued certain fully convertible debentures aggregating to Rs 250 million to BCCL.
  • 2007: The company receives accreditation from the College of American Pathologists (CAP).
  • 2010: The company issued certain compulsorily convertible debentures aggregating to Rs 250 million to Agalia. Agalia also acquired certain Equity Shares aggregating to Rs 1,250 million from its Promoters and certain other persons.
  • 2010: The company launched wellness packages under the brand name ‘Aarogyam’.
  • 2011: The company migrated to ‘total laboratory automation system’ installed by Siemens for efficient handling of increasing volumes.
  • 2012: NVP acquired certain Equity Shares aggregating to Rs 1,200 million from certain entities.
  • 2013: EIF acquired certain Equity Shares from Agalia.
  • 2013: The company’s subsidiary commenced operations at the PET-CT centres at Navi Mumbai and conducted over 1,000 scans in the first year of operation.
  • 2014: The company had installed, India’s first and the world’s longest track automation system for seamless sample movements from Siemens Limited.
  • 2014: The company commissioned the operations in medical cyclotron facility in Navi Mumbai.
  • 2014: The company’s subsidiary commenced operations at the PET-CT centres in New Delhi and Hyderabad and the PET-CT centres at New Delhi conducted over 1,000 scans in the first year of operations.
  • 2015: The company opened RPLs in Delhi, Coimbatore, Hyderabad and Kolkata to expand its coverage and volume of tests and samples processed daily.
  • 2015: The company acquired the equipment for testing of water samples and commenced operating the equipment under the brand name ‘WHATERS’. These tests, at present, include physical and chemical testing, elements testing, microbiology testing, pesticide testing and volatile organic compounds testing.
  • 2015: The company’s subsidiary has completed over 10,000 scans at the PET-CT centres in New Delhi, over 10,000 scans at the PET-CT centres in Navi Mumbai from the date of inception and over 1,000 scans at the PET-CT centres in Hyderabad since inception.
  • 2015: The Company opened RPLs in Delhi, Coimbatore, Hyderabad and Kolkata to expand its coverage and volume of tests and samples processed daily.
  • 2015: The Company acquired the equipment for testing of water samples and commenced operating the equipment under the brand name ''WHATERS''. These tests, at present include physical and chemical testing, elements testing, microbiology testing, pesticide testing and volatile organic compounds testing.
  • 2015: The Subsidiary has completed over 10,000 scans at the PET-CT centres in New Delhi, over 10,000 scans at the PET-CT centres in Navi Mumbai from the date of inception and over 1,000 scans at the PET-CT centres in Hyderabad since inception.
  • 2016: Thyrocare Technologies are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities.
  • 2016: Entered the Public listed sphere of healthcare – IPO.
  • 2016: Launched 2 new RPLs and NGSP Certification:- Certified with National Glycohemoglobin Standardization Program Certification (NGSP) for HbA1c Testing, and Launched 2 Regional Processing Laboratories- Bhopal and Bangalore, with state-of-the-art automations efficient as CPL, controlled via a centralized server.
  • 2016: Aarogyam Today:  Launched a second monthly publication addressing daily health concerns - Aarogyam Today.
  • 2016: Launched IFA (Immunofluorescence) for Autoimmunity testing.
  • 2017:  Launched Molecular Biology Division (PCR).
  • 2018: Patna Regional Processing Laboratory (RRL) was launched.
  • 2018: Last Mile Executive (LMEs) pickup service started in 15 plus cities.
  • 2018: Thyrocare and Thyroshop Mobile App were launched.
  • 2020: Thyrocare Technologies launching Blood-based Cancer Screening Profile.
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