Skip to content
Indraprastha Medical Corporation logo

Indraprastha Medical Corporation

INDRAMEDCO NSE
₹313.60 1.40 (0.45%)
Market Cap
₹2,875 Cr
P/E
15.29

Indraprastha Medical Corporation (INDRAMEDCO) share price was ₹313.60 at the 28 Oct 2026 close; market capitalisation ₹2,875 Cr; P/E (TTM) 15.29; sector Healthcare Services. The share price fell 44.4% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 11.2% year on year to ₹406.1 Cr and net profit rose 8.4% year on year to ₹55.8 Cr (compared with Jun 2025). Promoters held 51.00% of Indraprastha Medical Corporation in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 59/100 (Good) as of 28 Oct 2026.

Close 28 Oct 2026 ₹313.60 −256.25 −44.97% 1Y

Key Fundamentals

MicrocapHealthcare ServicesHealthcare
Market Cap
₹2,875 Cr
P/E (TTM)
15.29
EBITDA
₹296 Cr
Return on Equity
24.8%
Debt to Equity
0.05
Book Value
₹80.76
EPS (TTM)
₹20.51
52W High
₹640.85
52W Low
₹293.65

Price-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Standalone · TTM

Peer Comparison

Healthcare › Healthcare Services › Hospitals › Hospital

Apollo Hospitals
₹8,137.0055.991,16,998 Cr12.340.26%20.08%19.79%26,675 Cr2,171 Cr
Manipal Health Enterprises
₹643.2585.7784,612 Cr5.150.00%10.42%9.50%11,400 Cr906 Cr
Max Healthcare Institute
₹851.5056.8482,877 Cr7.710.24%13.42%12.70%8,879 Cr1,457 Cr
Aster DM Healthcare
₹669.45108.8558,354 Cr13.870.45%8.84%9.71%5,006 Cr363 Cr
Fortis Healthcare
₹759.5054.7257,339 Cr5.790.14%10.47%12.13%9,607 Cr1,070 Cr
Narayana Hrudayalaya
₹1,723.1043.1435,213 Cr7.760.26%17.85%11.39%9,185 Cr816 Cr
Global Health
₹1,283.0062.0134,496 Cr8.710.04%13.91%15.05%4,800 Cr552 Cr
Indraprastha Medical Corporation (this company)
₹313.6015.292,875 Cr3.881.28%24.80%30.67%1,554 Cr188 Cr
Median 8 companies₹805.5056.4257,847 Cr7.730.25%13.67%12.42%9,032 Cr861 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

As of 2026-10-28
v2.0.0
59 Good
Overall score
Data confidence 100/100

Category scores

Quality Good 65
Returns, margins, earnings quality 22%
Valuation Strong 78
Cheap vs sector & own history 24%
Growth Weak 39
Sales & profit trajectory 9%
Financial Health Strong 84
Solvency, leverage, coverage 9%
Momentum Poor 17
Trend strength, vol-adjusted 12%
Ownership Average 51
FII/DII/promoter flows 24%

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company is almost debt free.
  • Company has delivered good profit growth of 132% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.7%
  • Company has been maintaining a healthy dividend payout of 26.3%

Technical Indicators

Oscillators

BearishNeutralBullish

Bearish

Bearish
3
Neutral
5
Bullish
1

Overall

BearishNeutralBullish

Bearish

Bearish
11
Neutral
5
Bullish
3

Moving Averages

BearishNeutralBullish

Bearish

Bearish
8
Neutral
0
Bullish
2
Analyst Rating
Based on 1 analysts
BUY SHARE100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

Updated 28 Oct 2026

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

Revenue Growth
9.59% lower than 3Y

change over 1 year

Net Income Growth
14.04% lower than 3Y

change over 1 year

Cash Flow Change
6.82%

change over 1 year

EBITDA Margin Change
1.03%

change over 1 year Operating margin 20% · Jun 2026

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk medium

Indraprastha Medical Corporation Ltd operates the 710-bed Indraprastha Apollo Hospital in Delhi and trades at a P/E of 19.4x with a market cap of Rs 3,518 Cr. The company has delivered 132% profit CAGR over 5 years and maintains a 3-year ROE of ~29%, but the stock has declined ~23-25% over the past year despite continued revenue and profit growth.

Bull Case 8
  • Virtually debt-free balance sheet provides financial resilience and flexibility for expansion without interest burden
  • Exceptional 5-year profit CAGR of 132% demonstrates strong operating leverage as revenue scaled from Rs 888 Cr (FY22) to Rs 1,483 Cr (FY26)
  • Consistent ROE of 27-29% over 3-5 years indicates efficient capital deployment well above cost of equity
  • Operating profit margins have expanded from 12.8% in FY22 to 17.7% in FY26, showing sustained margin improvement
  • Revenue grew 9% TTM and 11% CAGR over 3 years, indicating steady top-line momentum in a single-hospital model
  • Healthy dividend payout ratio of 26.3% with 1.16% yield signals cash generation discipline and shareholder return focus
  • 710-bed flagship hospital in prime Delhi location benefits from medical tourism flows and high-acuity case mix
  • EPS has grown from Rs 6.39 (FY20) to Rs 20.03 (FY24), a 3x increase in four years
Bear Case 8
  • Stock has declined ~23-25% over the past year, significantly underperforming the broader market and healthcare peers
  • Single-asset concentration risk — entire business depends on one 710-bed hospital in Delhi with no geographic diversification
  • TTM revenue growth has decelerated to 9% from 24% (FY23) and 45% (FY22), suggesting growth normalization post-COVID tailwinds
  • P/B ratio of 4.81x is elevated for a company with limited physical expansion runway in its current structure
  • Small-cap at Rs 3,518 Cr market cap with limited institutional coverage and lower liquidity compared to larger hospital chains
  • Government lease obligation requires one-third of 600 beds for free treatment, creating a structural margin ceiling
  • 10-year revenue CAGR of only 7% highlights that long-term top-line growth has been modest outside the post-COVID recovery period
  • Capacity constrained at 710 beds with limited scope for bed additions at the existing Delhi campus, capping organic growth

This is AI-generated analysis, not financial advice. Do your own due diligence.

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹295 Cr −0.3% vs FY26
Reported High Mean Low

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
307
317
306
315
348
350
325
334
365
381
372
365
406
Expenses
259
267
259
266
281
286
273
272
292
310
310
304
326
Operating Profit
47
50
47
48
67
64
52
61
73
71
62
61
80
OPM %
15%
16%
15%
15%
19%
18%
16%
18%
20%
19%
17%
17%
20%
Other Income
4
4
4
5
5
6
5
6
7
7
7
7
8
Interest
1
1
1
2
2
2
2
1
2
2
1
1
2
Depreciation
10
10
10
10
11
11
11
11
10
11
11
11
12
PBT
40
44
41
42
60
57
45
55
68
66
56
55
75
Tax %
24%
25%
28%
25%
25%
26%
26%
26%
25%
25%
27%
24%
25%
Net Profit
30
33
29
31
45
42
33
41
51
49
41
42
56
EPS (₹)
3.33
3.58
3.21
3.4
4.88
4.63
3.58
4.47
5.61
5.4
4.47
4.55
6.09
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
714
755
766
753
788
831
613
888
1,099
1,245
1,356
1,483
1,524
Expenses
630
675
686
678
706
743
572
768
947
1,050
1,112
1,215
1,250
Operating Profit
85
80
79
74
82
87
41
120
152
195
245
267
274
OPM %
12%
11%
10%
10%
10%
11%
7%
14%
14%
16%
18%
18%
18%
Other Income
1
1
0
-1
-1
0
0
-3
9
16
22
28
30
Interest
8
7
8
9
7
6
3
3
4
4
6
6
6
Depreciation
28
35
31
31
30
33
33
35
39
40
44
44
45
PBT
50
39
41
34
45
48
4
79
117
166
216
246
253
Tax %
34%
37%
36%
38%
36%
9%
46%
26%
26%
25%
26%
25%
—
Net Profit
32
24
26
21
28
44
2
59
86
124
161
184
188
EPS (₹)
3.54
2.66
2.86
2.3
3.1
4.76
0.25
6.39
9.4
13.52
17.56
20.03
20.51
Div. Payout %
51%
68%
63%
65%
52%
0%
0%
39%
32%
33%
26%
20%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
92
92
92
92
92
92
92
92
92
92
92
92
Reserves
103
132
139
141
152
176
181
234
288
386
505
649
Borrowings
50
52
67
66
21
4
3
5
2
34
33
37
Other Liabilities
196
185
160
134
157
177
157
131
173
212
222
214
Total Liabilities
442
460
458
432
422
449
432
462
555
723
852
991
Fixed Assets
286
301
296
294
280
303
283
277
275
347
328
365
CWIP
3
3
0
0
1
0
3
0
3
0
33
3
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
153
157
163
138
141
146
145
185
278
376
491
624
Total Assets
442
460
458
432
422
449
432
462
555
723
852
991
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
64
62
28
48
75
86
27
94
144
200
157
167
Investing
-29
-33
-22
-30
-17
-40
-19
-74
-108
-158
-111
-178
Financing
-35
-30
-5
-17
-44
-43
-3
-3
-26
-32
-46
-46
Net Cash Flow
0
0
0
1
14
4
5
17
11
9
0
-57
Free Cash Flow
35
29
5
17
58
46
6
65
100
131
120
108
CFO/EBITDA
98
104
57
82
110
113
88
95
102
127
89
88
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
40
41
47
41
35
35
40
18
23
17
20
28
Cash Conversion Cycle
40
41
47
41
35
35
40
18
23
17
20
28
Working Capital Days
-35
-22
-17
-7
-5
-10
-1
-2
-12
-24
-19
-4
ROCE %
23%
18%
17%
15%
19%
21%
3%
29%
34%
38%
39%
36%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Indraprastha Medical Corporation insights

60 extracted metrics + investor summaries across FY10–FY27.

Shareholding Pattern

DIIs1.77%Promot.51.00%FIIs2.39%Others12.92%Public31.92%As ofSep 2026

Documents

Frequently Asked Questions about Indraprastha Medical Corporation

What does Indraprastha Medical Corporation Ltd do?
Incorporated in 1988 as a JV between Apollo Hospitals Enterprise Ltd. (AHEL) and the Delhi Government, Indraprastha Medical Corporation Ltd. is a super speciality tertiary care hospital in New Delhi. The Co. currently has 52 speciality departments. [1]
Where is Indraprastha Medical Corporation Ltd (INDRAMEDCO) listed?
Indraprastha Medical Corporation Ltd trades as INDRAMEDCO on the NSE and under code 532150 on the BSE.
Which sector does Indraprastha Medical Corporation Ltd belong to?
Indraprastha Medical Corporation Ltd is classified under the Healthcare Services sector, in the Hospitals industry.
What is the market capitalisation of Indraprastha Medical Corporation Ltd?
Indraprastha Medical Corporation Ltd has a market capitalisation of ₹2,875 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Indraprastha Medical Corporation Ltd?
Indraprastha Medical Corporation Ltd trades at a PE ratio of 15.29 as of 28 Oct 2026, on earnings per share of ₹20.51, against a book value of ₹80.76 per share.
What is the 52-week high and low of Indraprastha Medical Corporation Ltd?
Over the last 52 weeks Indraprastha Medical Corporation Ltd has traded between ₹293.65 and ₹640.85 as of 28 Oct 2026.
Does Indraprastha Medical Corporation Ltd pay dividends?
Indraprastha Medical Corporation Ltd has a dividend yield of 1.28%.
What is the Return on Equity (ROE) of Indraprastha Medical Corporation Ltd?
Indraprastha Medical Corporation Ltd reported a return on equity of 24.80%. Its debt-to-equity ratio is 0.05.

Company Information

Incorporated in 1988 as a JV between Apollo Hospitals Enterprise Ltd. (AHEL) and the Delhi Government, Indraprastha Medical Corporation Ltd. is a super speciality tertiary care hospital in New Delhi. The Co. currently has 52 speciality departments. [1]

Website delhi.apollohospitals.com
Listed 1997-04-17
Face Value ₹ 10
Shares Outstanding 9,16,73,000

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/INDRAMEDCO.md for Indraprastha Medical Corporation Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Hospital & Healthcare Services stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month