Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Yatharth Hospital & Trauma Care Services Ltd

YATHARTH
Hospitals

Yatharth Hospital & Trauma Care Services Ltd is strength at full price. The numbers are improving — and a P/E at the 85th percentile of its own range says the market knows.

The sharpest disagreement: the engine is strong, but at the 85th percentile of its own range you are paying full price for it.

The price is in a confirmed uptrend (15 weeks in) while the P/E sits at the 85th percentile of its own 3-year range. Underneath, the last four quarters read improving — profit +15.4% year on year, and 85% of the last 3 years' profit arrived as cash. What settles it: whether the earnings grow into the multiple.

Stage
Mixed
partial read
Price
₹844
+34.9% 1Y
P/E
46.1×
85th pctile
of its own 3-year range
Revenue (Mar 26)
₹342 Cr
+47.4% YoY
Profit (Mar 26)
₹45.0 Cr
+15.4% YoY
Operating margin
23.0%
−2.0 pp YoY
ROCE
12%
FY26
ROIC
10.7%
vs WACC 12.0% → −1.3 pp
Cash conversion
85%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Yatharth Hospital & Trauma Care Services Ltd trades at ₹844, in a confirmed uptrend and 15 weeks into that stage. That is +14.2% against its own 200-day average. It sits at 93% of a 52-week range of ₹551 to ₹866. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week.

Today the stock is in a confirmed uptrend — week 15 of stage 2, confirmed. At ₹844 it trades +14.2% versus its 200-day average and sits at 93% of its 52-week range (₹551–₹866).

Jul 26: ₹844 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+14.2% versus the 200-day line, week 15 of stage 2
Price50-day avg200-day avg
S2S4S2S2₹908₹753₹598₹443₹287₹844₹739Aug 23May 24Feb 25Nov 25Jul 26
S2S4S2S2₹908₹753₹598₹443₹287₹844₹739Aug 23Feb 25Jul 26
Beating or trailing, week by week since 2023 Each cell is one week from 2023 to now (160 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Aug 23Jul 26

Against the market, two honest reads. Cumulative: over the last 2.9 years the stock moved +156% while the NIFTY 500 moved +38% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 1 straight week — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 85th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Yatharth Hospital & Trauma Care Services Ltd trades at 46.1× P/E, at the pricey end of its own range (85th percentile). Its long-run median P/E is 38.6×, measured across 3.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 46.1× is at the pricey end of its own range (85th percentile), against a long-run median of 38.6× measured over 3.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 46.1× vs a 38.6× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 3.0-year window; loss-period spikes above 53× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (85th percentile)
P/EMedianEPS (TTM) (quarterly)
54.9×₹19.746.7×₹14.738.5×₹9.830.2×₹4.922.0×₹0.0×46.10×₹18Aug 23May 24Feb 25Nov 25Jul 26
54.9×₹19.746.7×₹14.738.5×₹9.830.2×₹4.922.0×₹0.0×46.10×₹18Aug 23Feb 25Jul 26
PEG 0.61 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Last 11 quarters.
below 1.0, the growth looks cheap against the multiple
PEGPEG = 1.0
1.8×1.5×1.2×0.8×0.5××0.61×Q2 FY24Q4 FY24Q3 FY25Q1 FY26Q4 FY26
1.8×1.5×1.2×0.8×0.5××0.61×Q2 FY24Q3 FY25Q4 FY26
P/E
46.1×
85th percentile of 3y
PEG
1.00
derived from 3-year earnings growth

Why the multiple sits where it does: over the past year annual EPS moved +34.3% against a +34.9% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 3y, of the +36.7%/yr price move, ~+21.9%/yr came from earnings growth and ~+14.8 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Mixed

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Yatharth Hospital & Trauma Care Services Ltd reads as mixed on its fundamental arc. Mixed — the growth curves are steadily positive, but ROCE at 12.0% is below the 15% bar this page requires to call it Consistent. The read is built from 9 quarters across 4 curves, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
37%81%34%60%32%39%29%17%27%−3.8%%%36.1%31.5%27.6%Jun 23Sep 24Mar 26
37%81%34%60%32%39%29%17%27%−3.8%%%36.1%31.5%27.6%Jun 23Sep 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
28%24%20%15%11%%12%FY23FY24FY26
28%24%20%15%11%%12%FY23FY24FY26
Revenue growth
Steady high
latest +36.1% · span +27.3% to +36.1%
Profit growth
Rising
latest +31.5% · span +13.6% to +75.4%
EPS growth
Rising
latest +27.6% · span +2.1% to +39.9%
ROCE
Falling
latest 12.0% · span 12.0%–27.0%

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Growth, year by year: revenue +40.3% in FY26, profit +29.8% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
80%142%61%63%42%−15%23%−93%4.7%−172%%%40.3%29.8%FY17FY21FY26
80%142%61%63%42%−15%23%−93%4.7%−172%%%40.3%29.8%FY17FY21FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+36.1%) with the last 8 annualized (+33.7%).
revenue stabilising, profit accelerating
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
37%81%34%60%32%39%29%17%27%−3.8%%%36.1%31.5%Jun 23Sep 24Mar 26
37%81%34%60%32%39%29%17%27%−3.8%%%36.1%31.5%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+40.3%+36.2%+41.2%
Profit+29.8%+37.1%+53.4%
EPS+34.3%+21.9%+10.4%
Share price+34.9%+36.7%
Revenue YoY (Mar 26)
+47.4%
latest quarter vs a year ago
Profit YoY (Mar 26)
+15.4%
latest quarter vs a year ago
Revenue 10y
37.0%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

52.0/100 — rank 10 of 19 in Hospitals · 93% evidence confidence

Yatharth Hospital & Trauma Care Services Ltd scores 52.0 out of 100 against the 19 companies it is compared with in Hospitals, ranking 10. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 20.2 + 13.7 + 6.7 + 11.4 = 52. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Yatharth Hospital & Trauma Care Services Ltd reported ₹342 Cr of revenue in the Mar 26 quarter, +47.4% year on year. That is the 12th straight quarter of year-on-year growth. Over 9 years it has compounded at 37.0% a year. The last full year, FY26, came in at ₹1,207 Cr. The last four reported quarters add to ₹1,199 Cr.

Yatharth Hospital & Trauma Care Services Ltd reported ₹342 Cr of revenue in the Mar 26 quarter, +47.4% year on year. That is the 12th straight quarter of year-on-year growth. Over 9 years it has compounded at 37.0% a year. The last full year, FY26, came in at ₹1,207 Cr. The last four reported quarters add to ₹1,199 Cr.

FY26 revenue came in at ₹1,207 Cr (+40.3% on the year), capping 9 years at 37.0% compound. The latest quarter (Mar 26) printed ₹342 Cr, +47.4% year on year — the 12th consecutive quarter of year-over-year growth.

FY26 revenue ₹1,207 Cr (+40.3% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 10-year window. A bar is red when it is lower than the year before.
37.0% a year over 9 years
RevenueYoY growth
1.3k80%97861%65242%32623%04.7%₹ Cr%₹1,20740.3%FY17FY21FY26
1.3k80%97861%65242%32623%04.7%₹ Cr%₹1,20740.3%FY17FY21FY26
Mar 26: ₹342 Cr (+47.4% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
12th straight quarter of growth
Revenue (quarterly)YoY growth
36950%27742%18534%9227%019%₹ Cr%₹34247.4%Jun 23Sep 24Mar 26
36950%27742%18534%9227%019%₹ Cr%₹34247.4%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +35.8% growth against the decade's 37.0% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +36.1% over the last 4 quarters against +33.7%/yr over the last 8 — stabilising; TTM profit +31.5% vs +22.5%/yr — accelerating.

→ Revenue grew — did margins hold as it scaled? Next: 23.0% this quarter (−2.0 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Yatharth Hospital & Trauma Care Services Ltd's operating margin is 23.0% in the Mar 26 quarter, −2.0 percentage points against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged 22.0% to 32.0%. The current quarter sits inside that band.

Yatharth Hospital & Trauma Care Services Ltd's operating margin is 23.0% in the Mar 26 quarter, −2.0 percentage points against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged 22.0% to 32.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 23.0%, −2.0 pp against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged 22.0%–32.0%.

🚨 Why the margin moved: operating margin went −1.2 pp year on year while gross margin went +1.9 pp — the loss came mostly from the gross line: input costs and pricing.

FY26: 24.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 10-year window.
within a 22.0–32.0% band over 10 years
operating marginYoY change (pp)
33%6.7%30%4.1%27%1.5%24%−1.1%21%−3.7%%%24%−2%FY17FY21FY26
33%6.7%30%4.1%27%1.5%24%−1.1%21%−3.7%%%24%−2%FY17FY21FY26
Mar 26: 23.0% operating margin (−2.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
28%2.4%27%0.9%26%−0.5%24%−1.9%23%−3.4%%%23%−2%Jun 23Sep 24Mar 26
28%2.4%27%0.9%26%−0.5%24%−1.9%23%−3.4%%%23%−2%Jun 23Sep 24Mar 26

→ Margins slipped — did that reach the bottom line? Next: profit +15.4% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Yatharth Hospital & Trauma Care Services Ltd earned ₹45.0 Cr of net profit in the Mar 26 quarter, +15.4% year on year. It is the 12th consecutive quarter of growth. Full-year FY26 profit was ₹170 Cr. The 9-year compound rate is 56.6%. That is 13.2% of the quarter's revenue. The same quarter a year earlier earned ₹39.0 Cr.

Yatharth Hospital & Trauma Care Services Ltd earned ₹45.0 Cr of net profit in the Mar 26 quarter, +15.4% year on year. It is the 12th consecutive quarter of growth. Full-year FY26 profit was ₹170 Cr. The 9-year compound rate is 56.6%. That is 13.2% of the quarter's revenue. The same quarter a year earlier earned ₹39.0 Cr.

Mar 26 profit was ₹45.0 Cr, +15.4% year on year — the 12th consecutive quarter of growth. On the full year, FY26 printed ₹170 Cr (+29.8%), and the 9-year compound rate is 56.6%.

FY26 profit ₹170 Cr (+29.8% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 10-year window. A bar is red when it is lower than the year before.
56.6% a year over 9 years
Net profitYoY growth
184142%13463%84−15%34−93%−16−172%₹ Cr%₹17029.8%FY17FY21FY26
184142%13463%84−15%34−93%−16−172%₹ Cr%₹17029.8%FY17FY21FY26
Mar 26: ₹45.0 Cr (+15.4% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
12th straight quarter of growth
Net profit (quarterly)YoY growth
49133%3698%2463%1228%0−7.1%₹ Cr%₹4515.4%Jun 23Sep 24Mar 26
49133%3698%2463%1228%0−7.1%₹ Cr%₹4515.4%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed +47.4% and the margin −2.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit +32.8% vs revenue +35.8%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

→ Profit rose — but did the cash follow? Next: 85% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 85% of Yatharth Hospital & Trauma Care Services Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹205 Cr of operating cash against ₹170 Cr of profit. After ₹613 Cr of capital spending, ₹−408 Cr was left as free cash.

FY26: operating cash of ₹205 Cr against reported profit of ₹170 Cr, leaving free cash of ₹−408 Cr after ₹613 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 85% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹205 Cr vs profit ₹170 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 10-year window, annual resolution. FY19 reflects an acquisition year — point shown clipped.
85% of 3-year profit arrived as cash
Operating cashNet profitFree cash
25476−102−279−457₹ Cr₹205₹170₹−408FY17FY21FY26
25476−102−279−457₹ Cr₹205₹170₹−408FY17FY21FY26
FY26: CFO = 121% of profit (three-year rate 85%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
324%236%149%61%−27%%121%FY17FY21FY26
324%236%149%61%−27%%121%FY17FY21FY26

Why conversion sits at 85%: the cash cycle tightened 88 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: the bigger cash user is investment — capital spending ran 7.1× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹1,227 Cr of building over 3 years.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Yatharth Hospital & Trauma Care Services Ltd's cash conversion cycle runs −26 days in FY26, down from 62 days in FY21. Capital spending ran ₹1,227 Cr over the last 3 years. At FY26 sales of ₹1,207 Cr each day of that cycle holds about ₹3.3 Cr, so roughly ₹−86.0 Cr sits inside the business at any moment.

FY26: debtors at 113 days, inventory at 32 days — roughly 1.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −26 days, tighter than FY21's 62.

The full loop: cash goes out to suppliers and production on day 0; stock waits 32 days to sell; customers pay about 113 days after that; and suppliers themselves are paid at 171 days — netting out to the −26-day cycle.

In money terms: at FY26 sales of ₹1,207 Cr, each day of the cycle holds about ₹3.3 Cr — so the −26-day loop keeps roughly ₹−86.0 Cr sitting inside the business at any moment.

FY26: a −26-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 10-year window.
−88 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
55831368−177−422days−26d32d113d171dFY17FY19FY21FY23FY26
55831368−177−422days−26d32d113d171dFY17FY21FY26

On the investment side: capital spending of ₹1,227 Cr over the last 3 fiscal years against ₹174 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹102 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹613 Cr, work-in-progress ₹102 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
6624973311660₹ Cr₹613₹102FY18FY20FY22FY24FY26
6624973311660₹ Cr₹613₹102FY18FY22FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 12% and the ROIC − WACC spread is −1.3 pp.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Yatharth Hospital & Trauma Care Services Ltd earns a ROCE of 12% in FY26. That is up from a trough of 6% in FY19. Return on invested capital clears the cost of that capital by −1.3 percentage points, so growth here is not yet paying for the capital it uses.

FY26 ROCE is 12%, recovered from a FY19 trough of 6% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 14.1% net margin × 0.53× asset turns × 1.28× balance-sheet leverage ≈ 9.6% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 10.7% − 12.0% = a −1.3 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 12% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 9-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY19's 6%
ROCEROIC (annual)WACC
29%23%17%10%4.3%%12%11.8%FY18FY22FY26
29%23%17%10%4.3%%12%11.8%FY18FY22FY26
Q4 FY26: ROCE 9.3% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
30%24%19%13%7.8%%9.3%12.4%Q4 FY23Q2 FY25Q4 FY26
30%24%19%13%7.8%%9.3%12.4%Q4 FY23Q2 FY25Q4 FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.15.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Yatharth Hospital & Trauma Care Services Ltd carries total debt of ₹264 Cr against shareholder equity of ₹1,807 Cr as of Mar 26, a debt-to-equity of 0.15 — effectively unlevered. On the annual view that ratio went from 2.26 in FY22 to 0.15 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹264 Cr against shareholder equity of ₹1,807 Cr — a debt-to-equity of 0.15. On the annual view, debt-to-equity went from 2.26 (FY22) to 0.15 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹264 Cr at 0.15× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
2882.4×2161.8×1441.1×720.5×0−0.2×₹ Cr×₹2640.15×FY22FY24FY26
2882.4×2161.8×1441.1×720.5×0−0.2×₹ Cr×₹2640.15×FY22FY24FY26
Mar 26: debt ₹264 Cr, debt-to-equity 0.15 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
2881.6×2161.2×1440.7×720.3×0−0.1×₹ Cr×₹2640.15×Jun 23Sep 24Mar 26
2881.6×2161.2×1440.7×720.3×0−0.1×₹ Cr×₹2640.15×Jun 23Sep 24Mar 26

→ Who owns this, and are they adding or leaving? Next: Promoters cut 10.7 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 10.7 points of Yatharth Hospital & Trauma Care Services Ltd over 8 quarters, the biggest move on the register. That takes promoters to 55.8% of the company. Domestic institutions moved +1.4 points over the same window, to 10.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −10.7 points over 8 quarters to 55.8%; Domestic institutions: +1.4 points over 8 quarters to 10.8%; Foreign institutions: +0.7 points over 8 quarters to 5.6%.

🚨 Why the register moved: promoters drove it (−10.7 points), absorbed on the other side by domestic institutions (+1.4 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −10.7 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
72%53%35%17%−1.0%%55.8%5.3%12%26.9%Mar 24Mar 25Mar 26
72%53%35%17%−1.0%%55.8%5.3%12%26.9%Mar 24Mar 25Mar 26
Promoters cut 10.7 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 12 quarters.
PromotersForeign inst.Domestic inst.Public
72%53%35%16%−2.5%%55.8%5.6%10.8%27.7%Sep 23Dec 24Jun 26
72%53%35%16%−2.5%%55.8%5.6%10.8%27.7%Sep 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Yatharth Hospital & Trauma Care Services Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Related companies · same sector · Hospitals Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Yatharth Hospital & Trauma Care Services Ltd this page46.1×₹8,082 CrMixed
Apollo Hospitals Enterprise Ltd64.7×₹1.3L CrConsistent
Max Healthcare Institute Ltd70.9×₹1.1L CrTopping out
Fortis Healthcare Ltd67.8×₹71,623 CrMixed
Aster DM Healthcare Ltd168.0×₹68,483 CrNo read
Narayana Hrudayalaya Ltd47.1×₹40,085 CrTurning around
Global Health Ltd66.2×₹36,862 CrConsistent
Krishna Institute of Medical Sciences Ltd135.0×₹33,510 CrMixed
Rainbow Childrens Medicare Ltd59.8×₹14,806 CrMixed
Jupiter Life Line Hospitals Ltd55.9×₹10,595 CrMixed
Healthcare Global Enterprises Ltd346.0×₹9,952 CrMixed
Kovai Medical Center & Hospital Ltd26.2×₹6,394 CrConsistent
Artemis Medicare Services Ltd41.2×₹4,365 CrConsistent
Indraprastha Medical Corporation Ltd18.2×₹3,342 CrMixed
Dr Agarwals Eye Hospital Ltd34.6×₹2,427 CrMixed
KMC Speciality Hospitals (India) Ltd45.0×₹2,102 CrTurning around
Sakar Healthcare Ltd49.5×₹1,785 CrImproving
Shalby Ltd47.1×₹1,762 CrTurning around
KMC Speciality Hospitals (India) Ltd37.0×₹1,354 CrTurning around
GPT Healthcare Ltd30.4×₹1,310 CrTurning around
12 · Frequently asked questions

Frequently asked questions

What is Yatharth Hospital & Trauma Care Services Ltd's share price today?

Yatharth Hospital & Trauma Care Services Ltd trades at ₹844, +34.9% over the past year. The company is valued at ₹8,082 Cr. The stock sits at 93% of its 52-week range of ₹551–₹866, +14.2% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 15 weeks in. — as of 24 July 2026.

What were Yatharth Hospital & Trauma Care Services Ltd's latest quarterly results?

Yatharth Hospital & Trauma Care Services Ltd reported revenue of ₹342 Cr and net profit of ₹45.0 Cr for the Mar 26 quarter. Revenue rose 47.4% and profit rose 15.4% year on year. Earnings per share were ₹4.93. The operating margin was 23.0%, 2.0 pp lower than a year earlier. — as of 24 July 2026.

What is Yatharth Hospital & Trauma Care Services Ltd's revenue?

Yatharth Hospital & Trauma Care Services Ltd reported revenue of ₹342 Cr in the Mar 26 quarter, +47.4% year on year. For the full FY26 fiscal year, revenue was ₹1,207 Cr (+40.3%). Over the last 9 years revenue compounded at 37.0% a year. — as of 24 July 2026.

What is Yatharth Hospital & Trauma Care Services Ltd's profit?

Yatharth Hospital & Trauma Care Services Ltd earned ₹45.0 Cr of net profit in the Mar 26 quarter, +15.4% year on year — the 12th straight quarter of growth. Full-year FY26 profit was ₹170 Cr. The operating margin ran 23.0% in the latest quarter. — as of 24 July 2026.

What is Yatharth Hospital & Trauma Care Services Ltd's market cap?

Yatharth Hospital & Trauma Care Services Ltd's market capitalisation is ₹8,082 Cr at a share price of ₹844. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Yatharth Hospital & Trauma Care Services Ltd's P/E ratio?

Yatharth Hospital & Trauma Care Services Ltd trades at a P/E of 46.1×, at the 85th percentile of its own 3-year range, against a long-run median of 38.6×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Yatharth Hospital & Trauma Care Services Ltd pay a dividend?

No — Yatharth Hospital & Trauma Care Services Ltd has recorded a dividend payout of 0% of profit in each of its last 10 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 24 July 2026.

Is Yatharth Hospital & Trauma Care Services Ltd overvalued?

On its own history, Yatharth Hospital & Trauma Care Services Ltd looks expensive against its own history: its P/E of 46.1× sits at the 85th percentile of its 3-year range (long-run median 38.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is Yatharth Hospital & Trauma Care Services Ltd growing?

Yes — Yatharth Hospital & Trauma Care Services Ltd is growing: latest-quarter revenue +47.4% year on year, profit +15.4%, and the margin −2.0 pp at 23.0%. The 9-year compound rates are 37.0% (revenue) and 56.6% (profit). The earnings engine currently reads: improving — as of 24 July 2026.

How is Yatharth Hospital & Trauma Care Services Ltd performing?

Yatharth Hospital & Trauma Care Services Ltd is in a confirmed uptrend, 15 weeks in. Its latest quarter's revenue rose 47.4% and profit rose 15.4% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 1 week. — as of 24 July 2026.

What stage is Yatharth Hospital & Trauma Care Services Ltd in?

Mixed — the growth curves are steadily positive, but ROCE at 12.0% is below the 15% bar this page requires to call it Consistent. The read comes from the last 12 quarters of growth (revenue growth +36.1% latest, profit growth +31.5% latest, eps growth +27.6% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Yatharth Hospital & Trauma Care Services Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 15 of stage 2), trading +14.2% versus its 200-day average and at 93% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Yatharth Hospital & Trauma Care Services Ltd beating the market?

On recent form, yes — Yatharth Hospital & Trauma Care Services Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 2.9 years the stock moved +156% against the NIFTY 500's +38% — ahead of the index over the full window. — as of 24 July 2026.

Will Yatharth Hospital & Trauma Care Services Ltd's share price go up?

This page publishes no price forecast for Yatharth Hospital & Trauma Care Services Ltd. What it measures instead: the share price is ₹844, the price is in a confirmed uptrend 15 weeks in. Its P/E of 46.1× sits at the 85th percentile of its own 3-year range. — as of 24 July 2026.

Who owns Yatharth Hospital & Trauma Care Services Ltd?

Promoters hold 55.8% of Yatharth Hospital & Trauma Care Services Ltd, foreign institutions 5.6%, domestic institutions 10.8% and the public 27.7% (latest quarter). The biggest move on the register over the last two years: Promoters cut 10.7 points over 8 quarters. — as of 24 July 2026.

Does Yatharth Hospital & Trauma Care Services Ltd have too much debt?

No — Yatharth Hospital & Trauma Care Services Ltd's debt-to-equity is 0.15, and operating profit covers the interest bill 42×. FY26 borrowings were ₹264 Cr against equity of ₹1,780 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.

What is Yatharth Hospital & Trauma Care Services Ltd's capex?

Yatharth Hospital & Trauma Care Services Ltd spent ₹1,227 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. Depreciation over the same years was ₹174 Cr. — as of 24 July 2026.

What is Yatharth Hospital & Trauma Care Services Ltd's cash flow?

Yatharth Hospital & Trauma Care Services Ltd generated ₹205 Cr of operating cash flow in FY26 and ₹−408 Cr of free cash flow after ₹613 Cr of capital spending. Reported profit that year was ₹170 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Yatharth Hospital & Trauma Care Services Ltd's profit real cash?

Yes — over the last 3 fiscal years, 85% of Yatharth Hospital & Trauma Care Services Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹205 Cr against reported profit of ₹170 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.

Where is Yatharth Hospital & Trauma Care Services Ltd in its business cycle?

Yatharth Hospital & Trauma Care Services Ltd's FY26 operating margin was 24.0%, against a 10-year band of 22.0%–32.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 23.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Yatharth Hospital & Trauma Care Services Ltd story?

The sharpest disagreement: the engine is strong, but at the 85th percentile of its own range you are paying full price for it. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Yatharth Hospital & Trauma Care Services Ltd a stock worth studying right now?

This is not investment advice. The machine read: Yatharth Hospital & Trauma Care Services Ltd is strength at full price. The numbers are improving — and a P/E at the 85th percentile of its own range says the market knows. The sharpest open question: whether the earnings grow into the multiple. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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