---
title: "Care Institute of Medical Sciences Ltd(Merged) (523234) — Share Price, Financials & Analysis"
symbol: "523234"
company: "Care Institute of Medical Sciences Ltd(Merged)"
canonical: "https://tapetide.com/stocks/523234"
bse_code: "523234"
generated_at: "2026-10-13T11:00:44.565Z"
---

# Care Institute of Medical Sciences Ltd(Merged) (523234)

Canonical page: https://tapetide.com/stocks/523234

## Company

- **BSE Code:** 523234
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Care Institute of Medical Sciences is a 350-bedded, multi-super specialty. CIMS Hospital is one of the best hospitals of Ahmedabad (Gujarat) providing a range of  diagnostic and treatment services.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.88% over past five years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 3% | 10% | 9% |
| revenue growth | 0% | 8% | 5% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 577 | 444 | 954 | 1021 | 1225 | 710 | 1097 | 1070 | 1651 | 977 | 951 | 1165 |
| Expenses | 643 | 362 | 759 | 710 | 939 | 527 | 901 | 828 | 1398 | 744 | 895 | 999 |
| Operating Profit | -66 | 82 | 195 | 311 | 286 | 182 | 196 | 242 | 253 | 234 | 56 | 166 |
| OPM % | -11 | 18 | 20 | 30 | 23 | 26 | 18 | 23 | 15 | 24 | 6 | 14 |
| Other Income | 131 | 84 | 88 | 56 | 79 | 80 | 100 | 45 | 156 | 55 | 127 | 73 |
| Interest | -2 | 8 | 9 | 8 | 6 | 6 | 9 | 11 | 11 | 11 | 17 | 26 |
| Depreciation | 9 | 13 | 15 | 15 | 14 | 14 | 21 | 27 | 22 | 29 | 26 | 28 |
| Profit before tax | 58 | 145 | 258 | 345 | 345 | 242 | 266 | 249 | 376 | 249 | 140 | 186 |
| Tax % | 19 | 25 | 26 | 28 | 23 | 25 | 28 | 26 | 24 | 24 | 28 | 26 |
| Net Profit | 47 | 109 | 191 | 248 | 265 | 181 | 193 | 184 | 285 | 188 | 101 | 138 |
| EPS in Rs | 1.8 | 4.16 | 7.26 | 9.43 | 10.06 | 6.87 | 7.34 | 7.01 | 10.82 | 7.14 | 3.84 | 5.23 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0.52 | 0.52 | 0.52 | 0.66 | 0.66 | 0.66 |
| Expenses | 0.5 | 0.32 | 0.61 | 0.48 | 0.47 | 0.79 | 0.69 | 0.62 | 0.62 | 0.64 |
| Operating Profit | -0.5 | -0.32 | -0.61 | -0.48 | 0.05 | -0.27 | -0.17 | 0.04 | 0.04 | 0.02 |
| OPM % | — | — | — | — | 9.62 | -51.92 | -32.69 | 6.06 | 6.06 | 3.03 |
| Other Income | 0.32 | 0.32 | 0.32 | 0.52 | 0 | 0.01 | 0.05 | 0 | 0 | 0.02 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.85 | 0.85 | 0.79 | 0.79 | 0.79 | 0.56 | 0.41 | 0.41 | 0.41 | 0.41 |
| Profit before tax | -1.03 | -0.85 | -1.08 | -0.75 | -0.74 | -0.82 | -0.53 | -0.37 | -0.37 | -0.37 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -1.03 | -0.85 | -1.08 | -0.75 | -0.74 | -0.82 | -0.53 | -0.37 | -0.37 | -0.36 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 12.1 | 12.1 | 12.1 | 12.1 | 12.1 | 12.1 | 12.1 | 12.1 | 12.1 | 12.1 |
| Reserves | -27.23 | -28.08 | -29.16 | -29.91 | -30.64 | -31.46 | -31.99 | -32.36 | -32.72 | -33.08 |
| Borrowings | 24 | 24 | 24 | 24 | 24.65 | 24 | 24 | 24 | 24 | 24 |
| Other Liabilities | 0.45 | 0.5 | 0.65 | 0.69 | 0.04 | 1.01 | 1.16 | 1.18 | 1.19 | 1.21 |
| Total Liabilities | 9.32 | 8.52 | 7.59 | 6.88 | 6.15 | 5.65 | 5.27 | 4.92 | 4.57 | 4.23 |
| Fixed Assets | 8.72 | 7.87 | 6.87 | 6.08 | 5.3 | 4.74 | 4.34 | 3.93 | 3.53 | 3.12 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.6 | 0.65 | 0.72 | 0.8 | 0.85 | 0.91 | 0.93 | 0.99 | 1.04 | 1.11 |
| Total Assets | 9.32 | 8.52 | 7.59 | 6.88 | 6.15 | 5.65 | 5.27 | 4.92 | 4.57 | 4.23 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0.05 | 0 | 0 | 0 | 0.07 | 0.03 | 0.04 | 0.04 | 0.11 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 0 | 0.05 | 0 | 0 | 0 | 0.07 | 0.03 | 0.04 | 0.04 | 0.11 |
| Free Cash Flow | 0 | 0.05 | 0 | 0 | 0 | 0.07 | 0.03 | 0.04 | 0.04 | 0.11 |
| CFO/OP | 0 | -16 | 0 | 0 | 0 | -26 | -18 | 100 | 100 | 550 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | — | — | — | — | -14.04 | -694.9 | -814.23 | -652.58 | -658.11 | -669.17 |
| ROCE % | -10.97 | -10.07 | -14.44 | -11.42 | -12.03 | -15.26 | -12.11 | -9.43 | -10.39 | -11.56 |

## Shareholding Pattern

### annual

| Category | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 75% | 75.21% | 72.86% | 72.86% | 72.86% | 72.86% | 72.86% | 67.91% | 67.91% |
| FIIs | 3.46% | 2.99% | 2.07% | 2.17% | 2.73% | 6.28% | 5.23% | 2.88% | 2.74% |
| DIIs | 11.11% | 9.77% | 13.07% | 7.36% | 4.29% | 3.78% | 2.45% | 6.82% | 6.47% |
| Public | 10.43% | 12.03% | 12% | 17.6% | 20.12% | 17.07% | 19.47% | 22.39% | 22.88% |
| No. of Shareholders | 169329 | 168507 | 154780 | 168284 | 171090 | 169264 | 396327 | 1011970 | 990291 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.86% | 72.86% | 72.86% | 72.86% | 72.86% | 72.86% | 72.86% | 67.91% | 67.91% | 67.91% | 67.91% | 67.91% |
| FIIs | 6.28% | 5.73% | 5.82% | 4.11% | 5.23% | 4.94% | 3.84% | 2.91% | 2.88% | 3.87% | 3.22% | 2.74% |
| DIIs | 3.78% | 3.21% | 2.24% | 2.2% | 2.45% | 2.5% | 3% | 6.63% | 6.82% | 6.33% | 6.48% | 6.47% |
| Public | 17.07% | 18.19% | 19.07% | 20.84% | 19.47% | 19.71% | 20.31% | 22.54% | 22.39% | 21.9% | 22.38% | 22.88% |
| No. of Shareholders | 169264 | 180979 | 266437 | 292212 | 396327 | 634075 | 841968 | 981567 | 1011970 | 1011541 | 1003930 | 990291 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 347 | Sell |
| EMA (10) | 343.18 | Sell |
| SMA (20) | 360.5 | Sell |
| EMA (20) | 353.62 | Sell |
| SMA (50) | 373.98 | Sell |
| EMA (50) | 372.47 | Sell |
| SMA (100) | 404.87 | Sell |
| EMA (100) | 393.93 | Sell |
| SMA (200) | 422.19 | Sell |
| EMA (200) | 403.28 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 31.31 | Neutral |
| MACD (12,26,9) | -12.04 | Sell |
| Stochastic (14,3,3) | 15.12 | Buy |
| ADX (14) | 29.77 | Buy |
| Williams %R (14) | -82.37 | Buy |
| ATR (14) | 12.84 | High Volatility |
| ROC (12) | -11.32 | Sell |
| Stoch RSI (14) | 18.01 | Buy |
| UO (7,14,28) | 35.45 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-02 | [Disclosure Pursuant To Regulation 30 Of The SEBI LODR Regulations](https://www.bseindia.com/xml-data/corpfiling/AttachHis/332758db-3df2-4d59-9693-28af5bd516b9.pdf) |
| 2026-02-20 | [Disclosure Under Regulation 30 Of SEBI LODR Regulations - ESG Rating](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bd7eef25-6fbb-4abe-9b91-f80dfd4af310.pdf) |
| 2026-02-18 | [Update On The LOI Signed With A European Client For The Construction Of Six 1,700 TEU LNG-Fuelled Feeder Vessels](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ee0f469-4189-4dc2-8e20-c1b09682f2cc.pdf) |
| 2026-02-16 | [CSL Declared L1 In The Tender Floated By The Ministry Of Defence For Construction Of 5 Next Generation Survey Vessels For The Indian Navy](https://www.bseindia.com/xml-data/corpfiling/AttachHis/85d7fb2d-27bd-4f6e-b6dc-56157b07ee01.pdf) |
| 2026-02-12 | [Disclosure Under Regulation 30 Of SEBI LODR Regulations - ESG Rating](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6909e410-7ea5-4cfd-9dbe-0a4913ec37e2.pdf) |
| 2026-01-31 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5ef27654-0f8f-4609-baf8-33ec9e21c1d4.pdf) |
| 2026-01-31 | [Disclosure Under Regulation 30(5) Of SEBI LODR Regulations - Authorisation To Determine Materiality Of Events/ Information And Disclosures To Stock Exchanges](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f9318d47-455b-448b-ac26-5ad1a4a5674f.pdf) |
| 2026-01-30 | [CSL Secured A Notable* Order From A Domestic Client For Construction Of Two Green Tugs](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4c2dbd84-5a12-4e90-ba03-8e6bfd90f273.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22ef1dd8-595b-4080-bb28-035d4c702ae1.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e5b8816d-997a-45e5-b6c8-1e873dc3d26a.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4d6602b7-307b-4344-a7d0-38e527f94105.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/540678/76337540678.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/540678/71476540678.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/540678/65872540678.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/540678/5406780319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/540678/5406780318.pdf) |
| 2017 | [Financial Year 2017](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2017/COCHIN_SHIPYARD_LTD-540678-MARCH-2017.PDF) |
| 2016 | [Financial Year 2016](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2016/COCHIN_SHIPYARD_LTD-540678-MARCH-2016.PDF) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/753064f1-3d0a-4a0f-afbd-6bf04a23fef7.pdf) |
| Sep 2024 | [Concall - Sep 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7564567d-63cb-4f0e-99c1-47c919f02bef.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4305aabf-5e10-4347-a395-2cf1e1005b80.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e7ebc0f-1040-4e4c-95b7-7c790205d262.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22b57e7b-9e79-41fa-91bf-09e5afb55692.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8e3f756d-6c96-42ca-8bdc-ae09b484bd70.pdf) |
| Sep 2023 | [Concall - Sep 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6b6badfb-7672-4a5c-93e6-98b2beef0968.pdf) |
| Jun 2023 | [Concall - Jun 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ae1b4a29-5b7a-43d3-bf4c-24fba26420d0.pdf) |
| Jun 2022 | [Concall - Jun 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e9e8124b-d4bf-41c2-bd97-b2b5a27dff96.pdf) |
| Feb 2022 | [Concall - Feb 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db8704cb-d65b-4e46-978b-e1ef28cb446f.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-02-18 | Credit rating update — CRISIL |
| 2025-10-28 | Credit rating update — CARE Ratings |
| 2025-09-04 | Credit rating update — CARE Ratings |
| 2025-03-25 | Credit rating update — India Ratings |
| 2024-11-21 | Credit rating update — CRISIL |
| 2024-09-05 | Credit rating update — CARE Ratings |
| 2024-03-26 | Credit rating update — India Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:44.565Z.