Asarfi Hospital Ltd (ASARFI)

About

Asarfi Hospital Ltd operates hospital and healthcare services and is listed on the BSE with a market capitalization of ₹470.83 Cr. The company is profitable with net profit of ₹2.14 Cr on revenue of ₹44.08 Cr in Mar 2024 and operating margins of 19.48%. The business remains predominantly promoter-held (61.17%) with no FII and limited domestic institutional participation.

Face value: ₹10

Market cap

₹349 Cr

P/E

15.0×

P/B

—

Dividend yield

0%

ROE

—

ROCE

—

Debt / equity

—

OPM

20.5%

EPS (TTM)

₹11.8

Book value

—

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

PE ratio of 58.71 against recent EPS of ₹0.6 indicates stretched valuation; verify what operational or earnings trajectory justifies this multiple

Zero FII investment on a major exchange suggests governance, disclosure, or sector-confidence concerns; verify audit quality and investor communication practices

ROE and debt-to-equity unavailable; verify actual capital efficiency, leverage, and solvency from audited statements

Small scale (₹470.83 Cr market cap, ₹44.08 Cr revenue) concentrates risk; verify bed count, utilization, occupancy trends, and pricing power relative to larger hospital chains

Generated analysis · source review pending

Growth drivers

Operating margin improved from 18.12% (Mar 2024) to 19.48% currently, showing operational efficiency gains; verify if structural or cyclical and sustainable at higher revenue

DII shareholding increased from 2.4% (Mar 2026) to 2.97% (Jun 2026); verify what operational or strategic milestones attracted domestic institutional buyers

Revenue base of ₹44.08 Cr is modest; verify bed expansion plans, occupancy utilization, and average revenue per bed to assess organic growth ceiling

Stock appreciation of 82.1% over one year; verify whether driven by improved fundamentals or multiple re-rating relative to current earnings

Generated analysis · source review pending

779 historical price candles were omitted because the exchange source has not been verified.

₹177.0-6.3%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 20.5%
+Profit CAGR of 42.7% over the last 3 years
+Revenue CAGR of 34.8% over the last 3 years
+High promoter holding of 61.2% with no pledge

Cons

−Low return on equity of 6% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

73/100

Business quality: 45
Growth: 100
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Max Healthcare Institute LimitedMAXHEALTHMAXHEALTH	₹91,573 Cr	₹95,052 Cr	₹8,712 Cr	₹2,318 Cr	26.8%	₹1,457 Cr	17.2%	13.8%	14.3%	-110
Manipal Health Enterprises LimitedMANIPALHOSMANIPALHOS	₹91,552 Cr	₹1,02,105 Cr	₹10,336 Cr	₹2,611 Cr	25.3%	₹917 Cr	8.9%	12.5%	12.8%	38
Fortis Healthcare LimitedFORTISFORTIS	₹59,268 Cr	₹62,140 Cr	₹9,506 Cr	₹2,131 Cr	22.8%	₹1,048 Cr	11.7%	13%	11.1%	-99
Aster Dm Healthcare LimitedASTERDMASTERDM	₹36,728 Cr	₹37,429 Cr	₹4,876 Cr	₹958 Cr	19.4%	₹319 Cr	9.2%	11.9%	9.7%	-112
Global Health LimitedMEDANTAMEDANTA	₹36,498 Cr	₹37,688 Cr	₹4,683 Cr	₹979 Cr	20.8%	₹556 Cr	12.6%	16.9%	15.1%	-26
Narayana Hrudayalaya Ltd.NHNH	₹35,594 Cr	₹40,460 Cr	₹9,072 Cr	₹1,749 Cr	20.5%	₹816 Cr	10.2%	15.1%	19.7%	-181
Krishna Institute Of Medical Sciences LimitedKIMSKIMS	₹29,457 Cr	₹32,701 Cr	₹4,213 Cr	₹833 Cr	20.5%	₹205 Cr	6.2%	9.5%	11%	-50
Dr. Agarwal's Health Care LimitedAGARWALEYEAGARWALEYE	₹15,420 Cr	₹15,578 Cr	₹2,207 Cr	₹612 Cr	27.4%	₹148 Cr	8.1%	10.1%	6.8%	-76
Rainbow Childrens Medicare LimitedRAINBOWRAINBOW	₹13,003 Cr	₹13,003 Cr	₹1,820 Cr	₹575 Cr	32%	₹285 Cr	16.5%	18.2%	17.9%	-73
Park Medi World LimitedPARKHOSPSPARKHOSPS	₹11,696 Cr	₹11,924 Cr	₹1,679 Cr	₹444 Cr	26.5%	₹258 Cr	16.3%	21.4%	16.7%	-2
Healthcare Global Enterprises LimitedHCGHCG	₹9,984 Cr	₹10,895 Cr	₹2,627 Cr	₹480 Cr	18.3%	₹23 Cr	0.9%	9.1%	1.2%	-93
Yatharth Hospital & Trauma Care Services LimitedYATHARTHYATHARTH	₹9,965 Cr	₹10,218 Cr	₹1,334 Cr	₹310 Cr	24.2%	₹174 Cr	14.1%	12.3%	10%	-26

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	65	71	84	121	173
COGS	12	7	20	28	39
Gross profit	54	63	64	93	134
	43	50	48	69	99
	11	14	16	24	36
OPM %	16.7%	19.5%	19.1%	19.8%	20.5%
Depreciation	3	4	9	13	11
Interest	1	1	3	4	4
	1	2	2	8	3
Profit before tax	8	11	6	15	23
Tax	2	3	2	4	6
Tax %	25.4%	26.4%	33.1%	25.4%	24.5%
	6	8	4	11	23
PAT margin %	8.9%	11.3%	5%	9.1%	13.5%
EPS (₹)	46.6	7.6	2.3	5.6	8.7
EPS adjusted (₹)	—	—	2.1	—	—
Annual report	—	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2024	Mar 2025	Mar 2026
Equity capital	20	—	—
Reserves	51	—	—
	32	—	—
	52	164	194
Total equity & liabilities	154	164	194
	94	101	108
CWIP	0	—	—
Investments	0	0	0
	60	63	86
Total assets	154	164	194

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	21	7	26	-4	19
	-25	-21	-63	-8	-19
	4	15	36	13	5
Net cash flow	-0	1	-1	1	5
Free cash flow	2	-13	-20	-15	1
CFO / Operating profit %	194.1%	53.2%	161.1%	-16.1%	53.8%

Compounded sales growth

7 years: —
5 years: —
3 years: 35%
1 year: 44%

Compounded profit growth

7 years: —
5 years: —
3 years: 43%
1 year: 112%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 6%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	82.1%	89.7%	75.9%	76.9%	77.6%
EBITDA margin %	16.7%	19.5%	19.1%	19.8%	20.5%
EBIT margin %	11.6%	14%	8.7%	9.3%	13.9%
PAT margin %	8.9%	11.3%	5%	9.1%	13.5%
Working capital
Receivable days	—	—	105	—	—
Inventory days	—	—	32	30	30
Payable days	—	—	445	—	—
NWC days	—	—	-308	—	—
Leverage
Current ratio	—	—	1.13	1.42	1.45
Debt to EBITDA	—	—	1.98	—	—
Debt to equity	—	—	0.45	—	—
Interest coverage	12.2	9.1	3.3	4.6	6.3
Asset turnover	—	—	0.55	0.73	0.89
Return ratios
Return on assets %	—	—	2.7%	6.7%	12%
Return on capital employed %	—	—	8%	15.9%	20%
Return on equity %	—	—	6%	—	—

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.17%	61.17%	61.17%	61.17%	61.17%	61.17%	61.17%
	0%	0%	0.1%	0.05%	0%	0%	0%
	1.95%	2.92%	3.18%	2.19%	1.98%	2.4%	2.97%
Government	0%	0%	0%	0%	0%	0%	0%
	36.88%	35.91%	35.55%	36.59%	36.85%	36.43%	35.86%
No. of shareholders	1,284	1,262	1,176	1,167	1,225	1,316	1,399

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Asarfi Hospital Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

8

Annual reports

3

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

No events on record

Corporate actions, results dates and filings will appear here once ingested.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

8 announcementsExport CSV

27 Sept 2026, 9:36 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

22 Sept 2026, 5:52 pmAGM/EGM

Asarfi Hospital Ltd - 543943 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Postal Ballot PDF

18 Sept 2026, 7:27 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

5 Sept 2026, 6:20 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

5 Sept 2026, 4:29 pmCompany Update

Intimation Of Appointment Of Cost Auditor - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations. 2015.

General PDF

25 Aug 2026, 7:23 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements), 2015.

Outcome of Board Meeting PDF

18 Aug 2026, 11:04 pmBoard Meeting

Board Meeting Intimation for Notice Of 21St Annual General Meeting Of Asarfi Hospital Limited.

Exchange filing PDF

8 Aug 2026, 1:50 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

Date	Category	Subject	Filing
27 Sept 2026, 9:36 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 5:52 pm	AGM/EGM Postal Ballot	Asarfi Hospital Ltd - 543943 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

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Asarfi Hospital Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

No events on record

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

No events on record

Quarterly record

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity