Jupiter Life Line Hospitals Ltd
Jupiter Life Line Hospitals Ltd
Healthcare ServicesKey Fundamentals
MicrocapHospitalsHealthcare ServicesInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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43 extracted metrics + investor summaries across FY20–FY26.
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Technical Indicators
Key Insights
Strengths
1- Company has delivered good profit growth of 143% CAGR over last 5 years
Growth Rate
AI Analysis — Bull vs Bear
Jupiter Life Line Hospitals Ltd is a western-India focused hospital chain with a market cap of ₹10,792 crore, trading at a PE of 56.1x. FY26 consolidated revenue grew 15.2% YoY to ₹1,500 crore with EBITDA of ₹343 crore (22.9% margin), while full-year PAT was essentially flat at ₹194 crore. The company is in an aggressive expansion phase, targeting 2,500 beds by FY28-29 from its current base.
- Strong 5-year profit CAGR of 143%, reflecting a significant earnings ramp-up from a low base as the hospital network matured
- FY26 revenue grew 15.2% YoY to ₹1,500 crore, demonstrating consistent top-line momentum even as new capacity ramps up
- ARPOB (Average Revenue Per Occupied Bed) grew 11.7% YoY to ₹67,700 in Q4 FY26, indicating improving case mix and pricing power
- Clear bed expansion visibility from ~1,060 operational beds to 2,500 beds by FY28-29 across MMR, Pune, and Indore — a potential doubling of capacity
- Dombivli greenfield hospital commissioned ahead of schedule and on budget, demonstrating execution capability on capital projects
- Company remains cash-positive and is funding growth through internal accruals with capped debt, reducing dilution risk
- 3-year compounded sales CAGR of 19% and 3-year profit CAGR of 37% show sustained growth trajectory beyond one-off gains
- Q4 FY26 quarterly revenue hit ₹388 crore (up 15.1% YoY) with Q4 PAT rising 12.7% to ₹50.6 crore, showing sequential improvement
- PE ratio of 56.1x is expensive relative to the healthcare sector median, leaving limited margin of safety if growth slows
- Stock trades at 7.06x book value, a steep premium that prices in significant future execution on expansion plans
- Full-year FY26 PAT was nearly flat at ₹194 crore vs ₹194 crore in FY25 (TTM profit growth of -1%), showing earnings stagnation despite revenue growth
- EBITDA margin dipped to 22.9% in FY26 from higher levels, pressured by new hospital ramp-up costs and rising employee expenses (up 11% YoY in Q3)
- Bed occupancy at 61.2% for the three established hospitals suggests room to fill before new capacity additions become earnings-accretive
- Expansion concentrated in western India (MMR, Pune, Indore) creates geographic concentration risk with limited diversification
- Higher depreciation and finance costs from expansion capex compressed Q1 FY26 PAT by 1.6% YoY even as EBITDA grew 19.6%, a trend likely to persist
- Dividend yield of just 0.3% offers negligible income return, making the stock entirely dependent on capital appreciation
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Net profit falls 14% in Q1 Aug 1
Net profit declined 14.4% to ₹375.12 million in Q1FY27 despite revenue growth, driven by rising operational and finance costs.
- Revenue surges 16.4% in Q1 Aug 1
Q1FY27 revenue grew 16.4% to ₹4,109.83 million, indicating strong top-line momentum and demand for hospital services.
- Sulcus acquisition completed Aug 1
Completed acquisition of Sulcus Private Limited for ₹3.78 crore, expanding the company's footprint.
- New CFO appointed Aug 1
Harshad Purani appointed as CFO, strengthening the leadership team.
- 24th AGM held, resolutions approved Jul 17
Jupiter Life Line Hospitals held its 24th AGM on July 17, 2026, approving financial statements and key resolutions.
TL;DR: Jupiter Life Line Hospitals is growing revenue at a healthy 16.4% clip and actively expanding via acquisitions, but profitability is under pressure with net profit declining 14.4% due to rising operational and finance costs. The top-line trajectory is encouraging, though margin compression remains a near-term risk to monitor. If cost pressures ease or get absorbed through scale, earnings growth could re-accelerate in coming quarters.
Quarterly Results
| 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 | 243 | 263 | 273 | 291 | 289 | 335 | 333 | 337 | 353 | 394 | 365 | 388 | 411 |
| Expenses | 190 | 202 | 211 | 228 | 223 | 257 | 256 | 257 | 275 | 301 | 282 | 299 | 332 |
| Operating Profit | 53 | 61 | 62 | 63 | 65 | 78 | 76 | 80 | 78 | 92 | 83 | 89 | 79 |
| OPM % | 22% | 23% | 23% | 22% | 23% | 23% | 23% | 24% | 22% | 23% | 23% | 23% | 19% |
| Other Income | 4 | 3 | 8 | 10 | 7 | 7 | 7 | 7 | 13 | 11 | 3 | 11 | 11 |
| Interest | 12 | 12 | 1 | 1 | 1 | 1 | 3 | 6 | 8 | 8 | 8 | 9 | 13 |
| Depreciation | 11 | 11 | 11 | 10 | 11 | 14 | 14 | 18 | 21 | 21 | 22 | 23 | 26 |
| PBT | 34 | 41 | 58 | 62 | 60 | 70 | 67 | 63 | 62 | 74 | 57 | 68 | 51 |
| Tax % | -60% | 19% | 25% | 27% | 26% | 26% | 22% | 28% | 29% | 23% | 25% | 26% | 26% |
| Net Profit | 54 | 34 | 44 | 45 | 45 | 52 | 52 | 45 | 44 | 57 | 42 | 50 | 38 |
| EPS in Rs | 1.91 | 1.03 | 1.33 | 1.37 | 1.36 | 1.58 | 1.59 | 1.38 | 1.34 | 1.75 | 1.3 | 1.53 | 1.14 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 463 | 486 | 733 | 893 | 1,073 | 1,302 | 1,500 | 1,558 |
| Expenses | 379 | 419 | 580 | 691 | 831 | 999 | 1,156 | 1,214 |
| Operating Profit | 84 | 67 | 153 | 201 | 242 | 303 | 343 | 344 |
| OPM % | 18% | 14% | 21% | 23% | 23% | 23% | 23% | 22% |
| Other Income | 0 | 4 | 4 | 8 | 22 | 25 | 37 | 35 |
| Interest | 26 | 39 | 44 | 42 | 26 | 11 | 33 | 37 |
| Depreciation | 26 | 31 | 36 | 39 | 42 | 57 | 88 | 93 |
| PBT | 33 | 2 | 77 | 129 | 195 | 261 | 260 | 249 |
| Tax % | 10% | 248% | 34% | 43% | 10% | 26% | 25% | — |
| Net Profit | 30 | -2 | 51 | 73 | 177 | 194 | 194 | 188 |
| EPS in Rs | 1.17 | -0.09 | 2.01 | 2.58 | 5.39 | 5.89 | 5.92 | 5.72 |
| Div. Payout % | 0% | 0% | 0% | 0% | 4% | 3% | 3% | — |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 51 | 51 | 51 | 57 | 66 | 66 | 66 |
| Reserves | 186 | 188 | 243 | 309 | 1,103 | 1,291 | 1,479 |
| Borrowings | 272 | 426 | 495 | 469 | 0 | 393 | 584 |
| Other Liabilities | 94 | 124 | 120 | 151 | 112 | 168 | 235 |
| Total Liabilities | 603 | 789 | 909 | 986 | 1,281 | 1,917 | 2,363 |
| Fixed Assets | 435 | 630 | 684 | 720 | 718 | 978 | 1,384 |
| CWIP | 10 | 26 | 27 | 29 | 74 | 185 | 129 |
| Investments | 2 | 7 | 3 | 2 | 17 | 507 | 486 |
| Other Assets | 156 | 126 | 195 | 235 | 473 | 247 | 364 |
| Total Assets | 603 | 789 | 909 | 986 | 1,281 | 1,917 | 2,363 |
Cash Flow
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Operating | 74 | 123 | 137 | 176 | 115 | 267 | 268 |
| Investing | -43 | -295 | -84 | -94 | -246 | -497 | -442 |
| Financing | -32 | 184 | 32 | -51 | 128 | 297 | 136 |
| Net Cash Flow | -1 | 12 | 85 | 31 | -3 | 66 | -38 |
| Free Cash Flow | 46 | -118 | 46 | 100 | 29 | -60 | -234 |
| CFO/OP | 106 | 198 | 95 | 97 | 68 | 109 | 97 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 35 | 16 | 14 | 19 | 19 | 12 | 18 |
| Inventory Days | 64 | 48 | 39 | 44 | 41 | 38 | 49 |
| Days Payable | 268 | 217 | 157 | 164 | 120 | 99 | 121 |
| Cash Conversion Cycle | -169 | -152 | -104 | -101 | -59 | -49 | -54 |
| Working Capital Days | 17 | -7 | -24 | -24 | -5 | -19 | -21 |
| ROCE % | — | 7% | 17% | 21% | 22% | 18% | 15% |
Documents
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Company Information
Incorporated in 2007, Jupiter Life Line Hospitals Limited is a multi-specialty tertiary and quaternary healthcare provider in the Mumbai Metropolitan Area (MMR) and western region of India.[1]