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ASTERDM · Aster DM Healthcare Ltd · Healthcare Facilities

ASTERDM · Aster DM Healthcare Ltd · Healthcare Facilities

₹719.550.0%

As of 05 Nov close

52-week range

52wk low ₹519.152wk high ₹891.3

19.3% below 52-week high

52-week range: as of 05 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

Full signal detail →

Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

FII holding falling for 2+ quartersPromoter holding rose this quarter

Revenue (latest Q)

₹1,311 Cr

Revenue YoY

PAT YoY

-81.2%

Operating margin

Revenue, last 6 quarters

P/E (TTM)

P/B

15.5

P/S (TTM)

13.6

Sector P/E

29.7

Dividend yield

+0.4%

CompanyP/EP/BNet marginROED/EDiv. yield
ASTERDM (this stock)126.915.5+6.5%+7.0%0.49+0.4%
Apollo Hospitals Enterprise65.113.4Not available from data sourceNot available from data sourceNot available from data sourceNot available from data source
Max Healthcare Institute73.110.1Not available from data sourceNot available from data sourceNot available from data sourceNot available from data source
Fortis Healthcare *6914.6+11.0%+10.6%0.35+0.1%

* Net margin, ROE, D/E and dividend yield for these companies come from RedixFi fundamentals; the data vendor had no values for them.

Promoter

rising 1q

FII

falling 3q

MF

15.93% (-10.77pp)

falling 1q

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

canonicalSymboldatebuy quantitybuyer countdeal strengthdeal types present
ASTERDM2026-09-0246098001WEAKBULK
ASTERDM2026-08-19298604694STRONGBULK

News timeline

Concalls & investor presentations

AI-generated
Concall transcriptPositive12 Aug 2026
View source filing →

Key takeaway: On August 5, 2026, Aster DM Quality Care Limited held its inaugural earnings conference call for Q1 FY27, following its merger with Quality Care. Management expressed pride in the unified entity, which now operates 39 hospitals and employs around 45,000 healthcare professionals. Dr. Azad Moopen, Executive Chairman, highlighted the merger's significance and the commitment to clinical excellence. Alisha Moopen, Deputy Managing Director, outlined three strategic priorities: scaling super-specialty care, expanding geographic access, and driving patient-centric innovation. Varun Khanna, MD & Group CEO, reported a 20% year-on-year revenue increase to INR 2,597 crores and a 30% EBITDA growth to INR 576 crores. The call also discussed operational synergies, patient volume growth, and plans for future bed expansions. The management emphasized their focus on maintaining high clinical standards and enhancing patient care across their network.

Management emphasized strong growth and strategic priorities following the merger.

Sourced from an exchange-filed transcript, dated 12 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive05 Aug 2026
View source filing →

Key takeaway: The investor presentation for Aster DM Quality Care Limited, dated August 5, 2026, detailed the company's performance for the quarter ending June 30, 2026, following the merger that became effective on July 1, 2026. Management reported a 20% year-over-year revenue growth, reaching INR 2,597 crore, driven by a 13% increase in patient volumes. The merged entity achieved a 30% increase in operating EBITDA to INR 576 crore, with an EBITDA margin improvement of 170 basis points to 22.2%. The presentation highlighted the successful integration of operations with zero service disruption across 41+ sites and the establishment of a unified brand. Management noted the growth potential from both brownfield and greenfield expansions and emphasized the backing of Blackstone as a strategic advantage. The document also outlined the company's operational metrics, including a total patient volume of approximately 8 million and a workforce of over 37,700.

Management emphasized strong growth and successful merger integration.

Sourced from an exchange-filed presentation, dated 05 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive03 Jun 2026
View source filing →

Key takeaway: The investor presentation from Aster DM Healthcare Limited, dated June 3, 2026, outlines the company's financial performance and strategic developments, including the merger with Quality Care India Limited (QCIL). The merger aims to create one of India's top three hospital chains, increasing bed capacity to 10,623 and projected revenue to INR 9,273 crore. The presentation highlights Aster's operational metrics, reporting a 20.4% operating EBITDA margin and a 61% occupancy rate as of FY26. Management noted a 14% revenue growth year-over-year, driven by improved patient volumes and operational efficiencies. The document also emphasizes the company's commitment to enhancing healthcare accessibility and quality through strategic expansions and technological investments. Additionally, it details the governance structure post-merger, with equal representation from Aster and Blackstone on the board. The presentation concludes with a focus on future growth potential and the importance of maintaining high operational standards.

Management emphasized growth and strategic advancements through the merger.

Sourced from an exchange-filed presentation, dated 03 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive08 May 2026
View source filing →

Key takeaway: On May 1, 2026, Aster DM Healthcare held its earnings conference call for Q4 and FY26, where management discussed the company's performance and the ongoing merger with Quality Care. Management reported an 18% year-on-year revenue growth for the quarter, reaching INR 2,361 crores, driven by increased patient volumes and improved operational efficiency. The combined proforma performance indicated a strong trajectory, with Operating EBITDA growing by 25% to INR 517 crores. For FY26, the combined revenue was INR 9,273 crores, a 14% increase, with Operating EBITDA rising 21% to INR 2,013 crores. Management highlighted disciplined capacity expansion, adding 373 beds, and plans for further growth. The merger received significant shareholder approval, and regulatory processes are underway. Management emphasized a focus on clinical excellence and operational efficiency to enhance long-term value for stakeholders.

Management highlighted strong growth and operational efficiency, reflecting confidence in future performance.

Sourced from an exchange-filed transcript, dated 08 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive30 Apr 2026
View source filing →

Key takeaway: The investor presentation for Aster DM Healthcare Limited detailed the company's performance for the quarter and year ended March 31, 2026. The combined entity, including Quality Care, reported an 18% year-over-year revenue growth, reaching INR 2,361 crores in Q4FY26, with total patient volumes increasing by 12% to 1.93 million. The EBITDA grew by 25% year-over-year to INR 517 crores, with margins improving to 21.9%. The merger proposal received 96.68% shareholder approval and is set to complete in Q1 FY27. Aster added 373 beds over the year, bringing total capacity to 10,623 beds. The presentation highlighted strong growth across various regions, with notable increases in revenue from Kerala and Andhra Pradesh. Management emphasized operational efficiencies and cost management as key drivers of performance, alongside a focus on expanding bed capacity and enhancing service offerings.

Management highlighted strong growth and operational efficiencies throughout the presentation.

Sourced from an exchange-filed presentation, dated 30 Apr 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive09 Feb 2026
View source filing →

Key takeaway: The earnings conference call for Aster DM Healthcare Limited on February 2, 2026, discussed the company's performance for the quarter and nine months ended December 31, 2025. Management highlighted a 15% year-on-year revenue growth on a combined proforma basis with Quality Care, reaching INR 2,366 crore, driven by increased patient volumes and improved operational efficiency. Operating EBITDA grew 22% to INR 503 crore, with a stable margin of 21%. The merger with Quality Care is progressing, with key regulatory approvals received, and a shareholders' meeting scheduled for late February to approve the merger scheme. Aster's individual revenue increased by 13% to INR 1,186 crore, supported by a strong performance in oncology and medical value travel. The company plans to expand capacity significantly, adding over 4,000 beds in the coming years. Management emphasized ongoing investments in clinical talent and operational efficiencies to sustain growth.

Management emphasized strong growth and operational improvements during the earnings call.

Sourced from an exchange-filed transcript, dated 09 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive05 Feb 2026
View source filing →

Key takeaway: The investor presentation from Aster DM Healthcare Limited detailed the company's performance and strategic developments as of February 2026. It highlighted the merger with Quality Care India Limited, which aims to create one of the top three hospital chains in India with over 10,625 beds. The presentation reported a 15% year-over-year revenue growth for the combined entity, reaching INR 2,366 crores in Q3FY26, alongside a 22% increase in EBITDA. Aster DM's operational metrics included a 20.3% operating EBITDA margin and a 61% occupancy rate across its 202 hospitals. The document emphasized the company's commitment to enhancing patient care through a diversified healthcare ecosystem, including hospitals, pharmacies, and labs. Additionally, it outlined ongoing expansions and capital investments to strengthen its market position. The presentation concluded with a focus on maintaining high standards of clinical excellence and operational efficiency.

The presentation emphasized growth and strategic advancements in the company's operations.

Sourced from an exchange-filed presentation, dated 05 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2024-25378 pages

Aster DM Quality Care Limited (ASTERDM) reported strong financial performance in FY2024-25 with INR 4,138 crores in revenue from operations, 20.5% EBITDA margin, and 38% 5-year EBITDA CAGR. The company is in the process of merging with QCIL, with regulatory approvals pending, and expects completion by Q4 FY26. A fine of INR 5,000 each was imposed by BSE and NSE for a one-day delay in related party transaction disclosures. The company has no material statutory dues in arrears beyond six months, and no defaults on borrowings or regulatory penalties beyond the minor fines. Key risks include pending merger approvals and potential impacts from the integration process.

  • FY2024-25 revenue from operations: INR 4,138 crores with 20.5% EBITDA margin.
  • Merger with QCIL underway, awaiting approvals from SEBI, stock exchanges, and NCLT, expected completion by Q4 FY26.
  • Minor regulatory fines of INR 5,000 each from BSE and NSE for delayed related party disclosures.
  • No material statutory dues in arrears beyond six months as of March 31, 2025.
  • No defaults on borrowings or regulatory penalties beyond the minor fines noted.

Key takeaway: Aster DM Quality Care Limited delivered robust financial performance in FY2024-25, with a focus on merger with QCIL, though pending regulatory approvals and minor regulatory fines are notable considerations.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 12 Aug 2025View source filing →

Governance disclosures

AI-generated

Needs attention

Regulatory Action (1 item); Investigation or enforcement mention (1 item)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Regulatory Action

1 occurrence

Earlier (1-3 years ago)

Annual Report12 Aug 2025 (FY2024-25)Small penalty (under Rs 1 lakh)· 4 passages
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Aster DM Healthcare Limited was fined INR 5,000 each (excluding taxes) by BSE Limited and the National Stock Exchange of India Limited for a one-day delay in submitting related party transaction disclosures under Regulation 23(9) of the Listing Regulations during the financial year 2024-25.

Investigation or enforcement mention

1 occurrence

Earlier (1-3 years ago)

Annual Report06 Aug 2024 (FY2023-24)
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Aster DM Healthcare Limited recognized a full provision of INR 54.62 crores against trade receivables from a step-down subsidiary, Wahat Al Aman Home Healthcare LLC, UAE, due to an internal whistleblower complaint. An external agency investigated the matter, concluding in January 2024, with the report presented to the Audit Committee on 08 February 2024.

Routine disclosures

Contingent Liability

5 occurrences

Earlier (1-3 years ago)

Annual Report12 Aug 2025 (FY2024-25)· 12 passages
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Aster DM Healthcare Limited has contingent liabilities including claims not acknowledged as debts, export commitments under EPCG scheme, corporate guarantees to subsidiaries, performance guarantees, letters of credit, bank guarantees, additional salary payable under minimum wages act, and other commitments.

Annual Report06 Aug 2024 (FY2023-24)· 12 passages
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Aster DM Healthcare Limited has a corporate guarantee given by DM Medcity Hospital India Private Limited and Ambady Infrastructure Private Limited for secondary collateral charges on properties in Kochi.

Older (3+ years ago)

Annual Report08 Aug 2023 (FY2022-23)Older than 10 years· 7 passages
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Aster DM Healthcare Limited has received income tax assessment orders for AY 2014-15 & 2015-16 with a net demand of INR 20.08 crores (after deducting taxes paid of INR 4.28 crores) due to disallowance of Foreign Tax Credit as per tax provisions.

Annual Report03 Aug 2022 (FY2021-22)Older than 10 years· 7 passages
View source filing →

The company has received income tax assessment orders for AY 2014-15 & 2015-16 with a net demand of INR 20.08 crores (net of taxes paid INR 4.28 crores) due to disallowance of Foreign Tax Credit and section 14A. The company has provisioned INR 2.48 crores and filed an appeal against the demand.

Annual Report21 Jul 2021 (FY2020-21)Older than 10 years· 8 passages
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The company has received income tax assessment orders for AY 2014-15 & 2015-16 where disallowance of Foreign Tax Credit amounted to INR 20.08 crore and an income tax demand order of INR 0.18 crore for AY 2012-13.

Related-Party Transaction

4 occurrences

Earlier (1-3 years ago)

Annual Report06 Aug 2024 (FY2023-24)· 6 passages
View source filing →

The company's separation plan for GCC Business involved a related party transaction, with promoters holding the remaining 35% after the sale of 65% to Fajr Capital. The transaction required shareholder approval, excluding related parties from voting.

Annual Report12 Aug 2025 (FY2024-25)Small penalty (under Rs 1 lakh)· 4 passages
View source filing →

The company was fined INR 5,000 plus applicable GST by BSE Limited and NSE for a one-day delay in submitting disclosures of related party transactions under Regulation 23(9) of LODR.

Older (3+ years ago)

Annual Report08 Aug 2023 (FY2022-23)· 3 passages
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The company reported related party transactions with Aster DM Foundation amounting to INR 0.25 crores and INR 3.64 crores.

Annual Report03 Aug 2022 (FY2021-22)· 4 passages
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The company made a related-party transaction of INR 3.64 crores with Aster DM Foundation for CSR activities.

Statutory dues in dispute

2 occurrences

Older (3+ years ago)

Annual Report08 Aug 2023 (FY2022-23)Older than 10 years
View source filing →

Aster DM Healthcare Limited has a pending income tax dispute under the Income Tax Act, 1961, with the Commissioner of Income Tax Appeals relating to the financial year 2011-12.

Annual Report03 Aug 2022 (FY2021-22)Older than 10 years
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The company has disputes pending with the Income Tax Department for the financial years 2011-12, 2013-14, and 2014-15, with amounts involved in INR crores, though the exact amounts remaining unpaid are not specified.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

17.66% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

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