Aspira Pathlab & Diagnostics
Aspira Pathlab & Diagnostics
Healthcare ServicesKey Fundamentals
MicrocapHealthcare Service ProviderHealthcare ServicesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company has reduced debt.
- Debtor days have improved from 42.1 to 25.3 days.
- Promoter holding has increased by 28.2% over last quarter.
Weaknesses
6- Stock is trading at 8.00 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of -2.31% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.0.53 Cr.
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.6 | 3.32 | 3.46 | 3.82 | 4.64 | 6.18 | 5.41 | 5.78 | 5.25 | 8.09 | 5.12 | 6.52 | 6.17 |
| Expenses | 2.92 | 3.68 | 3.83 | 3.95 | 4.29 | 4.83 | 4.65 | 4.73 | 4.44 | 5.9 | 6.33 | 6.85 | 5.83 |
| Operating Profit | -0.32 | -0.36 | -0.37 | -0.13 | 0.35 | 1.35 | 0.76 | 1.05 | 0.81 | 2.19 | -1.21 | -0.33 | 0.34 |
| OPM % | -12.31% | -10.84% | -10.69% | -3.4% | 7.54% | 21.84% | 14.05% | 18.17% | 15.43% | 27.07% | -23.63% | -5.06% | 5.51% |
| Other Income | 0.1 | 0.14 | 0.1 | 0.08 | 0.09 | 0.08 | 0.09 | 0.13 | 0.11 | 0.14 | 0.13 | 0.14 | 0.12 |
| Interest | 0.1 | 0.1 | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.1 | 0.1 | 0.1 | 0.09 |
| Depreciation | 0.39 | 0.39 | 0.38 | 0.38 | 0.38 | 0.36 | 0.39 | 0.37 | 0.37 | 0.4 | 0.38 | 0.4 | 0.41 |
| PBT | -0.71 | -0.71 | -0.74 | -0.51 | -0.02 | 0.99 | 0.37 | 0.72 | 0.46 | 1.83 | -1.56 | -0.69 | -0.04 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -0.72 | -0.71 | -0.74 | -0.5 | -0.02 | 0.99 | 0.38 | 0.72 | 0.47 | 1.84 | -1.56 | -0.69 | -0.04 |
| EPS in Rs | -0.7 | -0.69 | -0.72 | -0.49 | -0.02 | 0.96 | 0.37 | 0.7 | 0.46 | 1.79 | -1.52 | -0.67 | -0.04 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0.76 | 4.36 | 7.64 | 8.42 | 15.21 | 19.54 | 14.46 | 13.2 | 22 | 24.98 | 25.9 |
| Expenses | 0.14 | 0.23 | 3.34 | 8.24 | 10.88 | 10.25 | 11.69 | 13.16 | 12.86 | 14.38 | 18.44 | 23.52 | 24.91 |
| Operating Profit | -0.14 | -0.23 | -2.58 | -3.88 | -3.24 | -1.83 | 3.52 | 6.38 | 1.6 | -1.18 | 3.56 | 1.46 | 0.99 |
| OPM % | — | — | -339.47% | -88.99% | -42.41% | -21.73% | 23.14% | 32.65% | 11.07% | -8.94% | 16.18% | 5.84% | 3.82% |
| Other Income | 0.21 | 0.32 | 0.31 | 0.22 | 0.25 | 0.29 | 0.2 | 0.09 | 0.32 | 0.42 | 0.36 | 0.52 | 0.53 |
| Interest | 0 | 0.05 | 0.26 | 0.8 | 0.96 | 1.01 | 0.89 | 0.37 | 0.42 | 0.37 | 0.35 | 0.39 | 0.39 |
| Depreciation | 0 | 0 | 0.2 | 1.12 | 1.23 | 1.66 | 1.44 | 1.64 | 1.59 | 1.54 | 1.49 | 1.54 | 1.59 |
| PBT | 0.07 | 0.04 | -2.73 | -5.58 | -5.18 | -4.21 | 1.39 | 4.46 | -0.09 | -2.67 | 2.08 | 0.05 | -0.46 |
| Tax % | 57.14% | 25% | 0% | 0% | 0% | 0.71% | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | 0.02 | 0.03 | -2.72 | -5.58 | -5.18 | -4.24 | 1.38 | 4.46 | -0.09 | -2.67 | 2.07 | 0.05 | -0.45 |
| EPS in Rs | 0.09 | 0.13 | -5.24 | -10.75 | -6.32 | -4.56 | 1.34 | 4.33 | -0.09 | -2.59 | 2.01 | 0.05 | -0.44 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.25 | 2.25 | 5.19 | 5.19 | 8.19 | 9.29 | 10.29 | 10.29 | 10.29 | 10.29 | 10.29 | 10.29 |
| Reserves | 1.36 | 1.39 | 0.72 | -4.86 | -7.93 | -10.42 | -6.91 | -2.43 | -2.47 | -5.08 | -3.01 | 1.94 |
| Borrowings | 0 | 2.62 | 7.29 | 11.36 | 12.52 | 13.8 | 7.01 | 8.85 | 8.24 | 7.71 | 8.13 | 3.32 |
| Other Liabilities | 0.21 | 0.03 | 1.66 | 0.84 | 2.02 | 1.67 | 1.39 | 1.42 | 1.28 | 1.79 | 2.11 | 2.96 |
| Total Liabilities | 3.82 | 6.29 | 14.86 | 12.53 | 14.8 | 14.34 | 11.78 | 18.13 | 17.34 | 14.71 | 17.52 | 18.51 |
| Fixed Assets | 0 | 0.04 | 7.79 | 7.91 | 8.9 | 8.7 | 7.75 | 9.57 | 8.01 | 6.79 | 6.53 | 7.2 |
| CWIP | 0 | 0 | 0.25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.13 | 0 |
| Other Assets | 3.82 | 6.25 | 6.82 | 4.62 | 5.9 | 5.64 | 4.03 | 8.56 | 9.33 | 7.92 | 10.86 | 11.31 |
| Total Assets | 3.82 | 6.29 | 14.86 | 12.53 | 14.8 | 14.34 | 11.78 | 18.13 | 17.34 | 14.71 | 17.52 | 18.51 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | — | -0.37 | -1.29 | -4.81 | -3.39 | -1.87 | 5.67 | 2.03 | -0.01 | 1.05 | 1.88 | 1.45 |
| Investing | — | -0.02 | -10.14 | -0.77 | -1.97 | 0.24 | -0.09 | -0.51 | 0.16 | 0.14 | 0.07 | -0.8 |
| Financing | — | 2.64 | 8.91 | 6.52 | 3.35 | 1.27 | -2.17 | -1.35 | -0.94 | -0.95 | -0.99 | -1.14 |
| Net Cash Flow | — | 2.25 | -2.52 | 0.94 | -2 | -0.35 | 3.41 | 0.17 | -0.79 | 0.24 | 0.95 | -0.49 |
| Free Cash Flow | — | -0.41 | -8.41 | -5.81 | -3.9 | -1.92 | 5.37 | 1.42 | -0.15 | 0.79 | 1.71 | 0.75 |
| CFO/OP | — | 139 | 50 | 124 | 105 | 101 | 161 | 32 | -1 | -89 | 53 | 99 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | — | — | 43.22 | 29.3 | 38.22 | 26.01 | 40.8 | 83.87 | 59.07 | 61.94 | 38.99 | 25.28 |
| Inventory Days | — | — | 313 | 104 | 45.22 | 51.36 | 51.35 | 46.5 | 58.4 | 62.69 | 50.31 | 56.53 |
| Days Payable | — | — | 730 | 64.58 | 46.84 | 73.37 | 91.6 | 70.91 | 51.1 | 102 | 73 | 92.06 |
| Cash Conversion Cycle | — | — | -374 | 68.61 | 36.6 | 4 | 0.55 | 59.46 | 66.37 | 22.93 | 16.3 | -10.25 |
| Working Capital Days | — | — | -2,200 | -5.86 | -96.03 | -127 | 16.32 | 69.3 | 48.72 | 25.16 | 14.1 | -4.24 |
| ROCE % | — | 1.82% | -25.39% | -38.41% | -34.49% | -25.15% | 19.77% | 35.65% | 2.01% | -15.87% | 17.37% | 2.84% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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59 extracted metrics + investor summaries across FY11–FY26.
Documents
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Company Information
Incorporated in 1973, Aspira Pathlab & Diagnostics Ltd is in the business of pathology and related healthcare services[1]
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