SHALBYHealthcare

Shalby Limited

Hospital · ISIN INE597J01018 · BSE 540797 · NSE EQ · FV ₹10
Last price
₹139
+2.03%today
What this company does

Shalby Limited operates in Hospital, part of the Healthcare sector. It booked ₹331 cr of revenue in its latest quarter (Q1 FY27) and kept 3.3% of sales as profit.

Shalby Limited (“Shalby” or “the milestone of 1.75 lakh procedures to The Company is also making Company”) is one of India’s foremost date.
Their stated mission

is to provide world-class healthcare education that combines theoretical knowledge with practical clinical exposure, ensuring our graduates are industry-ready and equipped to meet the evolving demands of the healthcare sector.

In the report:
39out of 100
Equitytale Health Score
Strained

Healthier than 39% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 81–150 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
26

At close. Not part of the score.

Profitability & returns22

How much profit it earns on the money it employs

Balance sheet18

How much it owes, and whether earnings cover the interest

Cash quality16

Whether reported profit actually arrives as cash

Growth & consistency48

Whether sales and profit have grown, and how steadily

Valuation71

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 12% vs last year
Profit up 22% vs last year
Promoters hold 74%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 3.3% net margin
! Low 4.3% return on equity

What if I invest in SHALBY?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹139 +2.03%
latest close · 2026-09-17
1-year return
-26.0%
52-wk low ₹9552-wk high ₹211
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio35.3High
LowAverageHigh
P/B ratio1.48Moderate
Below bookModerateHigh
EV / EBITDA10.2Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity4.3%Weak
WeakFairStrong ▸15%
Return on capital9.6%Fair
WeakFairStrong
Net margin3.3%Thin
ThinDecentStrong
EBITDA margin14.8%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.54Moderate
LowModerateHigh ▸1
Interest cover2.9×Okay
RiskyOkayStrong ▸5×
Current ratio1.25Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,489 cr
Book value
₹93
EPS
₹0.98
latest quarter
Net debt
₹518 cr
owes more than its cash
Enterprise value
₹2,007 cr
EBITDA
₹196 cr
annualised
EBIT
₹121 cr
annualised
Operating margin
9.1%
Return on assets
2.4%
Earnings yield
2.83%
P/S
1.12
Sales / share
₹123.2
Tax rate
46.7%
Face value
₹10
Shares
10.8 cr
Working capital
₹144 cr
Current assets
₹719 cr
Current liabilities
₹576 cr
Delivery %
57.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹95₹95, midpoint ₹95

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹331 cr
Other Income₹7 cr
Total Income₹339 cr
Cost of Materials₹8 cr
Purchases of Stock-in-Trade₹42 cr
Inventory Change (±)₹13 cr
Employee Benefit Expense₹48 cr
Finance Costs₹11 cr
Depreciation & Amortisation₹19 cr
Other Expenses₹178 cr
Total Expenses₹319 cr
Profit before Tax₹20 cr
Tax Expense₹9 cr
Net Profit₹10 cr
Net margin on total income3.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹64 cr18.8%
Employee benefit expense₹48 cr14.1%
Finance costs₹11 cr3.1%
Depreciation & amortisation₹19 cr5.5%
Other expenses₹178 cr52.6%
Tax expense₹9 cr2.7%
Profit for the period₹10 cr3.1%
Total income ₹339 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue272 cr287 cr331 cr
Total income279 cr296 cr339 cr
Expenses270 cr286 cr319 cr
Profit before tax9 cr10 cr20 cr
Tax8 cr-9 cr9 cr
Net profit (owners' share)2 cr18 cr11 cr
Net margin (owners' share, on revenue)0.6%6.4%3.3%
EPS (₹)0.121.720.98
YoY (latest quarter): total income +11.6% · net profit +21.6%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1,839 cr
Shareholder equity
₹1,005 cr
parent shareholders
Total debt
₹540 cr
Cash
₹22 cr
Cash flow · H1 FY26
Operating
₹14 cr
Investing
₹-69 cr
Financing
₹40 cr
Peer comparison
Hospital · by market value
CompanyPriceMarket capP/E
Apollo Hospitals Enterprise Limited₹8,769₹1.26 L cr54.3
Max Healthcare Institute Limited₹1,037₹1.01 L cr78.1
Manipal Health Enterprises Limited₹722₹85,125 cr92.0
Fortis Healthcare Limited₹886₹66,897 cr62.8
Aster DM Quality Care Limited₹761₹39,412 cr613.4
Global Health Limited₹1,424₹38,273 cr60.2
Narayana Hrudayalaya Ltd.₹1,869₹38,187 cr45.8
Krishna Institute of Medical Sciences Limited₹792₹33,258 cr190.3
Dr. Agarwal's Health Care Limited₹500₹15,855 cr87.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1.2
ex 19 Sep 2024
ActionDetailEx-date
Dividend₹1.2 / share19 Sep 2024
Dividend₹1.2 / share8 Aug 2023
Dividend₹1 / share19 Sep 2022
Dividend₹1 / share17 Sep 2021
Dividend₹0.5 / share4 Sep 2020
Dividend₹0.5 / share16 Aug 2019
Who owns it · 2026-06-30
No pledge
Promoter
74.3%
FII / Foreign
4.5%
DII / Domestic
0.3%
Retail / others
20.3%
Promoter stake up 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtVIKRAM INDRAJIT SHAH · Promoter and Director5,000 · ₹7.7 L19 Aug 26
BoughtSHAH FAMILY TRUST THROUGH DR. VIKRAM I SHAH, TRUSTEE · Promoters60,00019 Sep 25
BoughtDR. VIKRAM INDRAJIT SHAH · -25,000 · ₹54.5 L14 Nov 24
Bulk / block deals
SoldGRAVITON RESEARCH CAPITAL LLP · NSE13.54 L @ ₹266.5522 Sep 25
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE13.54 L @ ₹266.3422 Sep 25
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE5.69 L @ ₹223.575 Sep 25
Stake changes
BoughtVIKRAM INDRAJIT SHAH · promoter→ 7.27% · 30,0007 Dec 22
BoughtVIKRAM INDRAJIT SHAH · promoter→ 7.24% · 20,00028 Nov 22
BoughtVIKRAM INDRAJIT SHAH · promoter→ 7.22% · 20,00015 Nov 22
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 10 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2026 together with Reports of the Board of Directors and Auditors thereon and the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2026 together with the Report of the Auditors thereon
Backed by 96% of shareholders other than promotersneeded 50%
2.87 L votes for, 12,954 against · 0% of mutual funds and other big investors said no
2
Ratification of the remuneration payable to Cost Auditors of the Company for the FY 2026-27
Backed by 96% of shareholders other than promotersneeded 50%
2.93 L votes for, 13,565 against · 0% of mutual funds and other big investors said no
3
Appointment of Mr. Shanay Vikram Shah DIN 02726541 as a Director of the Company
Promoters had a personal stake in this
Backed by 18% of shareholders other than promotersneeded 50%
56,067 votes for, 2.50 L against · 91% of mutual funds and other big investors said no
4
Appointment of Mr. Shanay Vikram Shah DIN 02726541 as a Whole Time Director for a term of five consecutive years, with effect from August 12, 2026, liable to retire by rotation
Promoters had a personal stake in this
Backed by 18% of shareholders other than promotersneeded 50%
56,067 votes for, 2.50 L against · 91% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 28 named members
owning 74.3% between them · as of 2026-06-30
SHAH FAMILY TRUST THROUH DR. VIKRAM SHAH, TRUSTEE34.79%
ZODIAC MEDIQUIP LIMITED29.21%
VIKRAM INDRAJIT SHAH7.41%
DARSHINI VIKRAM SHAH2.79%
SHANAY VIKRAM SHAH0.13%
AADHYA SHANAY SHAHno shares
Aasna Shahno shares
Ayesha Shanay Shahno shares
Business done with them
FY2025 · 1 of the group
The company paid ₹27.1 L to companies in the promoter group last year — about 0.0% of its ₹1,087 cr revenue.
Zodiac Mediquip Limited
Paid them for services · Commission Expenses, Guest House Expenses, Unsecured laon repaid, Interest Expenses and Rent Payable
also owns 29.21% of the company
₹27.1 L
company paid

The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.