A

Artemis Medicare Services Limi

ARTEMISMED
Market snapshot · 2026-08-11 08:57 UTC

315.00

₹-0.95 (-0.30%)

MARKET CAP

STOCK P/E

137.6x

52W HIGH

₹325.90

52W LOW

₹203.35

BOOK VALUE

₹59.05

EPS

₹2.29

ROE

SECTOR

Industrials

DEBT/EQUITY

27.81

VOLUME

1.39L

P/B RATIO

5.33x

PEG RATIO

2.95

Sector

Industrials

Themes

Business Support Services
D
Dividend
₹316.30₹291.12₹265.93₹240.75₹215.56VolumeDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Artemis Medicare Services is a hospital operator managing multispecialty facilities in India and internationally. Inpatient and outpatient medical services drive core revenue, supported by surgical interventions and international-patient programs. Billing, insurance, diagnostics, and home-care services add ancillary revenue streams. Q1 FY27 revenue rose 12.7%, while profit increased 48.3%, indicating operating leverage and improved earnings conversion. The stable margin trend offers limited evidence of structural expansion, while ROE is unavailable for assessing capital efficiency. Debt-to-equity of 27.8 implies extreme leverage, which can materially inflate reported ROE and increase financial risk. At 138.1 times earnings, the shares appear overvalued relative to hospital-sector growth expectations. The key open question is whether recent profit acceleration can persist without worsening leverage or compressing margins.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for ARTEMISMED.

5.00 analysts

Price Forecast

Current
₹315.00
High Target
₹370.00
▲ +17.5%
Median Target
₹343.00
▲ +8.9%
Low Target
₹325.00
▲ +3.2%
Now₹315.00High ₹370.00Median ₹343.00Low ₹325.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
5 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹256.73 - ₹404.7580%
6M₹239.08 - ₹455.1580%
12M₹219.11 - ₹544.6280%
Realized vol: +35.5% · Drift: +15.5%

Revenue Forecast

₹ Cr
Jun '26Current₹282.0
Sep 2026 ETrend estimate range
High₹337.3Base₹312.3Low₹287.3
Sep '25: ₹270.0 · Dec '25: ₹267.0 · Mar '26: ₹274.0 · Jun '26: ₹282.0 · Sep '26: ₹312.3 · Dec '26: ₹308.8
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E270.0267.0274.0282.0312.3308.8
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹1.96
Sep 2026 ETrend estimate range
High₹2.68Base₹2.39Low₹2.10
Sep '25: ₹2.16 · Dec '25: ₹1.42 · Mar '26: ₹1.87 · Jun '26: ₹1.96 · Sep '26: ₹2.39 · Dec '26: ₹1.57
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2.161.421.871.962.391.57
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
65%
Analyst Consensus
Positive

From 5 analysts

Mean upside+9.7%

Fundamentals

Strong

Fundamentals institutional score is 87 using growth durability 86.7.

Valuation

Fairly valued

Valuation institutional score is 54 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 80 using mean target upside 9.7%; dispersion penalty 5.2; recommendation breadth from available consensus.

Technical Structure

Weak Structure

Technicals institutional score is 22 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 2 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and analyst consensus provide support, while valuation and technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Fairly valuedAnalyst Consensus PositiveTechnical Structure Weak StructureMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price345.6 target
Mean Upside+9.7%
Technical Score22%
Fundamental Score87%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 29.7% above historical median. Valuation is declining — currently in the strongly overvalued zone (z-score: +1.61). Confidence: 78%.

Live forward EPS implies next-12-month EPS of ₹12.43. Applying the stock's normalized valuation corridor produces a fair range of ₹993.41 to ₹1,479.42, with base value near ₹1,321.81 (+318.4% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹12.43

Forward P/E

25.4x

Base Fair Value

₹1,321.81

Fair Range

₹993.41 - ₹1,479.42

Upside To Base

+318.4%

Estimate Source

Live forward EPS

Growth Estimate

+46.7%

P/E
Strongly Overvalued

5Y Average

74.21

Current

137.97

Overvalued

119.02

Undervalued

79.92

EV/EBITDA
Strongly Overvalued

5Y Average

14.27

Current

26.53

Overvalued

21.49

Undervalued

5.82

P/B
Undervalued

5Y Average

Current

5.35

Overvalued

6.15

Undervalued

4.55

Peers & Comparison

Sector: Industrials · Theme: Business Support Services

Business Support Services Peers4 peers
Avg P/E: 38.6x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
KFIN TECHNOLOGIES LIMITED
KFINTECHBusiness Support Services
+30.1%24.4%
47.6x
Premium
+23% vs avg
-14.5%
INDEGENE LIMITED
INDGNBusiness Support Services
+39.7%10.5%
34.9x
Fair
-10% vs avg
-3.5%
RITES LIMITED
RITESBusiness Support Services
+8.7%17.0%
26.6x
Undervalued
-31% vs avg
-6.5%
SIS LIMITED
SISBusiness Support Services
+29.7%0.9%
45.2x
Premium
+17% vs avg
+19.5%
WHY THESE PEERS

ARTEMIS MED SERVICE LTD trades at a premium (138.1x vs peer avg 38.6x), implying higher growth or quality expectations from the Business Support Services cohort. Peers include KFIN TECHNOLOGIES LIMITED, INDEGENE LIMITED, RITES LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹282 CrJun 2026

Latest net profit

₹31 CrJun 2026

Latest EPS

₹1.96Jun 2026

Net margin

20.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%5.0%10.0%15.0%20.0%0.00 Cr75 Cr150 Cr225 Cr300 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr75 Cr150 Cr225 Cr300 Cr₹0₹1₹1₹2₹2
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr75 Cr150 Cr225 Cr300 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-500 Cr0.00 Cr500 Cr1.00K Cr1.50K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +201217210217217235227235250270267274282
Expenses +174184179181181193190199209220223224227
Operating Profit27333236364237364150445055
OPM %14%15%15%17%16%18%16%15%16%19%16%18%20%
Other Income +12224891278485
Interest6788888877766
Depreciation991010101111111111121212
Profit before tax13191619223127293040303942
Tax %26%27%29%28%24%27%23%20%29%25%24%25%26%
Net Profit +10141214172321232130233031
EPS in Rs0.731.010.851.021.241.641.511.691.542.161.421.871.96
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +66.53%66.53%58.38%58.39%58.39%
FIIs +0.24%0.37%12.47%12.19%12.28%
DIIs +4.76%4.27%2.91%2.89%2.40%
Government +7.02%7.02%6.16%6.16%6.16%
Public +21.45%21.81%20.07%20.37%20.76%
Others0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 04, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 04, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Monitoring Agency Report

Aug 03, 2026PDFCompany Reports Open

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

Aug 03, 2026PDFCompany Reports Open