Park Medi World
Park Medi World
Healthcare ServicesKey Fundamentals
MicrocapHospitalsHealthcare ServicesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
1- Though the company is reporting repeated profits, it is not paying out dividend
Growth Rate
AI Analysis — Bull vs Bear
Park Medi World Ltd is a mid-cap healthcare services company with a market cap of approximately ₹12,396 Cr, trading at a PE of 41.5x. The company delivered FY26 revenue of ₹1,679 Cr (21% YoY growth) and net profit of ₹274 Cr (28% YoY growth), with a 5-year ROE average of 24% and operating margins around 26%. It pays no dividend despite consistent profitability.
- Strong revenue growth of 21% TTM (FY26 revenue ₹1,679 Cr vs ₹1,394 Cr in FY25), accelerating from the 3-year sales CAGR of 10%
- Net profit grew 28% YoY in FY26 (₹274 Cr vs ₹213 Cr), with TTM profit growth of 25% outpacing sales growth, indicating operating leverage
- Healthy 5-year average ROE of 24% demonstrates consistent capital efficiency well above cost of equity for the sector
- Company has reduced debt, with interest costs declining from ₹70 Cr in FY24 to ₹59 Cr in FY26, improving financial flexibility
- Operating profit margin stable at ~26% in FY26 (₹444 Cr on ₹1,679 Cr revenue), showing pricing power in a competitive healthcare market
- Q4 FY26 revenue of ₹460 Cr showed 30% YoY growth, suggesting further momentum into FY27
- 5-year compounded profit growth of 11% with acceleration to 25% TTM signals improving earnings trajectory
- PE of 41.5x is elevated for a healthcare services company with a 3-year profit CAGR of only 5%, implying the stock prices in significant future growth
- Zero dividend yield despite repeated profitability — no capital return to shareholders even as net profit reached ₹274 Cr in FY26
- Price-to-book of 6.12x is rich, leaving limited margin of safety if growth decelerates
- 3-year compounded profit CAGR of only 5% (vs 25% TTM) indicates earnings have been volatile, with FY24 net profit dipping to ₹152 Cr from ₹228 Cr in FY23
- Tax rate fluctuation (from 30% in FY24 to 23% in FY26) has flattered recent profit growth; normalization could compress earnings
- OPM declined from 30.7% in FY23 to 26% in FY26, a ~470 bps contraction suggesting rising cost pressures despite topline growth
- ROE has moderated from 24% (5-year average) to 17% in the last year, pointing to diminishing returns on incremental capital deployed
- Lack of available 52-week high/low data and limited stock CAGR history suggest relatively thin trading history and potential liquidity risk at ₹12,396 Cr market cap
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1FY27 profit up 35% YoY Aug 5
Net profit rose 35% YoY to ₹886 million for Q1FY27, driven by 19% revenue growth.
- Dual acquisitions boost scale Aug 3
Acquired Mehar Hospital for ₹1,070 million and V3 Healthcare for ₹1,770 million, adding capacity and geographic reach.
- 330-bed Rudrapur hospital launched Aug 2
Launched The Medicity Hospital in Rudrapur (330 beds), marking entry into Uttarakhand and expanding North India footprint to six states.
- Aggressive bed expansion plan Aug 3
MD targets 4,740 beds by end of FY27 and 5,740 beds by March 2028, adding 1,000 beds in FY28.
- IPO proceeds reallocation sought Aug 4
Postal ballot seeks shareholder approval to redirect ₹648.32 million in unutilised IPO proceeds toward acquiring The Medicity Hospital, Rudrapur. E-voting runs Aug 05–Sep 03, 2026.
- Investor conferences in August Aug 5
Management to participate in three investor conferences in Mumbai on August 12, 13, and 25, 2026; no UPSI to be discussed.
- Q1FY27 earnings call completed Aug 4
Earnings conference call held on August 4, 2026, discussing unaudited standalone and consolidated Q1FY27 results.
TL;DR: Park Medi World is delivering strong earnings growth (35% YoY profit increase) while simultaneously scaling through acquisitions and new hospital launches. The expansion strategy is well-structured with clear bed capacity targets through FY28. No material headwinds are visible in recent news flow. The trend is firmly positive, though execution risk on rapid expansion and integration of acquired assets bears monitoring.
Quarterly Results
| Particulars | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 348 | 354 | 399 | 410 | 410 | 460 | 476 |
| Expenses | 265 | 265 | 294 | 297 | 311 | 333 | 350 |
| Operating Profit | 83 | 88 | 105 | 113 | 99 | 127 | 126 |
| OPM % | 24% | 25% | 26% | 27% | 24% | 28% | 26% |
| Other Income | 15 | 9 | 7 | 8 | 9 | 8 | 8 |
| Interest | 16 | 16 | 15 | 15 | 15 | 14 | 10 |
| Depreciation | 15 | 16 | 15 | 15 | 15 | 18 | 19 |
| PBT | 67 | 66 | 82 | 91 | 78 | 103 | 105 |
| Tax % | 32% | 20% | 20% | 14% | 32% | 26% | 16% |
| Net Profit | 46 | 52 | 66 | 79 | 53 | 77 | 89 |
| EPS in Rs | 2.97 | 1.17 | 1.51 | 1.91 | 1.17 | 1.64 | 1.91 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 766 | 1,084 | 1,255 | 1,231 | 1,394 | 1,679 | 1,756 |
| Expenses | 457 | 740 | 863 | 919 | 1,020 | 1,233 | 1,291 |
| Operating Profit | 309 | 345 | 391 | 312 | 374 | 446 | 466 |
| OPM % | 40% | 32% | 31% | 25% | 27% | 27% | 27% |
| Other Income | 3 | 9 | 15 | 29 | 30 | 32 | 32 |
| Interest | 24 | 40 | 51 | 72 | 62 | 61 | 53 |
| Depreciation | 24 | 35 | 41 | 51 | 57 | 62 | 67 |
| PBT | 265 | 278 | 315 | 218 | 286 | 355 | 378 |
| Tax % | 26% | 28% | 28% | 30% | 25% | 23% | — |
| Net Profit | 187 | 199 | 228 | 152 | 215 | 274 | 297 |
| EPS in Rs | 80.54 | 11.76 | 14.29 | 9.98 | 5.25 | 5.98 | 6.63 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 19 | 77 | 77 | 77 | 77 | 86 |
| Reserves | 256 | 380 | 610 | 806 | 975 | 1,936 |
| Borrowings | 292 | 517 | 576 | 687 | 682 | 364 |
| Other Liabilities | 249 | 319 | 331 | 343 | 393 | 411 |
| Total Liabilities | 816 | 1,293 | 1,593 | 1,912 | 2,127 | 2,797 |
| Fixed Assets | 365 | 458 | 536 | 837 | 890 | 1,309 |
| CWIP | 7 | 29 | 5 | 32 | 37 | 123 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 443 | 806 | 1,052 | 1,043 | 1,199 | 1,365 |
| Total Assets | 816 | 1,293 | 1,593 | 1,912 | 2,127 | 2,797 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 223 | 155 | 199 | 367 | 215 | 329 |
| Investing | -233 | -248 | -234 | -76 | -100 | -316 |
| Financing | 49 | 163 | 1 | -130 | -89 | 121 |
| Net Cash Flow | 39 | 70 | -34 | 161 | 26 | 134 |
| Free Cash Flow | 86 | 64 | 106 | 299 | 70 | 209 |
| CFO/OP | 96 | 72 | 76 | 150 | 80 | 96 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 151 | 151 | 168 | 151 | 161 | 129 |
| Inventory Days | 47 | 14 | 3 | 3 | 3 | 4 |
| Days Payable | 121 | 101 | 110 | 133 | 176 | 134 |
| Cash Conversion Cycle | 77 | 64 | 61 | 21 | -12 | -2 |
| Working Capital Days | 40 | 60 | 40 | 21 | 30 | 28 |
| ROCE % | — | 38% | 31% | 20% | 20% | 19% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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43 extracted metrics + investor summaries across FY21–FY27.
Documents
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Company Information
Park Medi World engaged in the business of, inter alia, establishing, maintaining and running hospitals, nursing homes, clinics, dispensaries, maternity homes, child welfare, family planning etc.(Source : 202503 Annual Report Page No:320)
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