Close 2026-08-21 1267 scanned A

THYROCARE

Thyrocare Technologies Limited
HealthcareMid capRs 9,002 crRs 37.9 cr traded a day
Close on 2026-08-21
565.55
−0.20%
52-week range72% of the way up
349.55649.35
Market cap
9,002 cr
P/E (TTM)
61.2×
industry 44×
EPS (TTM)
9.24
Revenue YoY
+53.0%
Q1 FY27
Profit YoY
+114.4%
Net margin
21.4%
+6.1pt vs a year ago
Growth trend
+7.8pt
vs last quarter’s YoY
1 month
+3.7%
Below 52w high
14.8%
RSI (14)
43
Daily swing
4.5%
average true range
Volume
0.3×
vs 20-day average
Traded
Rs 38 cr
median day
Close200-day averageMaterial filing
400500600Aug 25Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26
260 sessions · hover for the filing behind a move
1 week
−9.37%
1 month
+3.72%
3 months
+12.60%
6 months
+41.74%
1 year
+27.44%

The read

written from the numbers on this page
The evidence leans constructive6 supporting, 1 against, 0 worth knowing

Supporting

  • trading 21% above its 200-day average
  • up 27% over twelve months
  • matches the market's strongest stocks, which has beaten the market by +0.37 points over 20 sessions across 48,607 past signals
  • 5 independent kinds of evidence agree today, which is uncommon
  • revenue grew 53% year on year in the quarter ending 2026-06-30
  • net margin has widened from 11.4% to 21.4% across four quarters

Against

  • priced at 61× earnings against an industry median of 44× — 39% above its peers

Worth knowing

  • nothing the data supports either way
What would change this read: a close below 467, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

read from the filings, with the figure behind every line
Working3

Revenue +35.3% year on year, Rs 177 cr to Rs 240 cr.

+35.3%Rs 177 crRs 240 cr

Profit rose year on year in all 4 of the last 4 quarters.

4

Operating cash flow was Rs 213 cr against Rs 147 cr of profit over four quarters, 145% of it.

Rs 213 crRs 147 cr145%
Needs watching3

Net margin moved from 26.6% to 21.4%.

26.6%21.4%

Diagnostic Testing Services is 94% of revenue, so the business rests on one segment.

Diagnostic Testing Services94%

Profit grew slower than revenue, +8.9% against +35.3%.

+8.9%+35.3%
Every figure here is computed from the company’s own filings. The wording is generated directly from the figures.

How it has performed

price return over each window, measured against zero
-9.4%1W+3.7%1M+12.6%3M+41.7%6M+27.4%1Y

What the scans say today

14 of 47 matched on 2026-08-21
THYROCARE matches 14 of the 47 scans today, across 5 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.

What this company does

segments and revenue mix, as the company reports them
THYROCARE reports 3 business segments. The largest is Diagnostic Testing Services at 94% of revenue in the quarter ending 2026-06-30. On these numbers this is effectively a single-segment business, so the group result and that segment’s result move together.
SegmentRevenueSharevs a year ago
Diagnostic Testing Services226 cr94.2%
Imaging Services13 cr5.6%
Others0 cr0.1%
Segment names are the company’s own, taken verbatim from the reportable-segment disclosure in its quarterly XBRL filing. Nothing on this page describes the business in words we wrote.

Quality of the business

balance sheet as at 2026-03-31
Return on equity
25.1%
trailing profit over shareholders’ funds
Return on capital
33.2%
pre-tax profit over equity plus borrowings
Debt to equity
0.00×
0 cr borrowed against 586 cr of equity
Net debt
38 cr
cash exceeds borrowings
Cash conversion
145%
operating cash flow as a share of profit
Receivable days
33
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.

Valuation against its own history

500 sessions since 2024-09-06
36×
median 55×
69×
now 61×
THYROCARE trades at 61× trailing earnings, above its median of 55× over this window — 12% more expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.

Recent filings

from the exchange, newest first
Other filing filings were typically -0.08pt vs the market over the next 5 sessions (n=12,093) · M&A filings were typically +0.23pt vs the market over the next 5 sessions (n=981)

The business

from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
13515415717716619622424010.9%26.6%21.4%Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q3 FY26Q4 FY26Q1 FY27
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • revenue grew 53% against the same quarter a year earlier
  • profit rose 114% year on year
  • revenue rose in 3 of the last 4 quarters

Going against it

  • net margin narrowed from 21.7% to 21.4%
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q1 FY27
2026-06-30 · consolidated
24068513.2321.4%
Q4 FY26
2026-03-31 · consolidated
22464492.9921.7%
Q3 FY26
2025-12-31 · consolidated
19635281.8214.3%
Q3 FY25
2024-12-31 · consolidated
16628193.5811.4%
Q2 FY25
2024-09-30 · consolidated
17737474.9926.6%
Q1 FY25
2024-06-30 · consolidated
15734244.5215.3%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average+0.4%
Versus 200-day average+21.1%
Below 52-week high-12.9%
Above 52-week low+61.8%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)42.9
Higher closes in last 50 of 5
Six-month return+41.74%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)4.47%
Volume versus 20-day0.3x
Median daily turnoverRs 37.9 cr

Peers

Healthcare · 67 classified companies
THYROCARE trades at 61.2× trailing earnings against an industry median of 44.0× across 64 other classified companies in its industry — more expensive than them, by 39%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
CompanyMarket cap (Rs cr)P/E1 month1 yearTurnover (Rs cr)
SUNPHARMA456,44338.3−2.64%+21.54%363.8
DIVISLAB227,82077.9+17.69%+40.46%315.4
TORNTPHARM165,72780.1−3.33%+36.66%212.0
APOLLOHOSP125,00557.6−1.91%+13.16%257.5
CIPLA115,70034.5+2.81%−8.73%119.7
ZYDUSLIFE111,77625.5+0.56%+12.44%112.7
LUPIN100,67718.1−8.12%+16.52%259.0
MANKIND98,45947.6−6.78%−6.26%81.8
DRREDDY98,08730.8+0.72%−6.30%205.2
LAURUSLABS97,35389.3+14.90%+109.51%286.4
MAXHEALTH97,32466.8−7.77%−13.93%185.4
THYROCARE9,00261.2+3.72%+27.44%37.9
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet