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Shalby Limited (SHALBY.NS)

INR168.23 +2.42 (+1.46%)
IN NSE Healthcare Medical - Care Facilities
Address B-301 & 302, Mondeal Heights 380015
Ahmedabad, GJ, IN
CEO Vikram Indrajit Shah
Website shalby.org
IPO 2017-12-15
ISIN INE597J01018

Explore sections of this company profile

Also trades on Bombay Stock Exchange · SHALBY.BO (INR) National Stock Exchange of India · SHALBY.NS (INR)
Description

Shalby Limited operates a chain of multi-specialty hospitals in India and internationally. The company operates through Healthcare Services and Manufacturing segments. It offers rheumatology, knee and hip joint replacement, spine surgery, orthopedic and trauma, arthroscopy, and arthroplasty; cardiothoracic and vascular surgery, coronary angiography, angioplasty and stenting, and cardiology services; root canal treatment, dental implants, crowns bridges, dentures, orthodontic treatment, dental cosmetic, teeth whitening, pediatric dentistry, dental veneers, gum treatment, and laser dentistry; dermatology; emergency and general medicine; cochlear implants and balloon sinuplasty; gastroenterology, obesity surgery, and endoscopy and laparoscopy; intensive and critical care; nephrology, urology, kidney transplant, dialysis, and interventional nephrology; and general surgery comprising varicose, hernia, and piles surgery. The company also provides liver transplant; maxillofacial surgery; neurology, ideal stroke treatment, epilepsy, endovascular/interventional neurosurgery, and trans cranial doppler; obstetrics and gynaecology; surgical oncology, medical oncology, radiation oncology, bone marrow transplant, onco-psychology, onco-dietetics, onco-physiotherapy, and home care; ophthalmology; paediatrics; pathology and microbiology; psychiatry; pulmonology and chest; and interventional and diagnostic radiology. The company was formerly known as Shalby Hospitals Limited and changed its name to Shalby Limited in February 2008. Shalby Limited was founded in 1994 and is based in Ahmedabad, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR168.23 +2.42 (+1.46%)
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Volume Profile
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Liquidity & share structure
Average Volume
100.9K
Beta
0.57
Float Shares
26.51M
Free Float %
24.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.27% -0.29% +3.82% +9.80% -18.63% -16.64% -14.77% +24.31% -1.19% -29.05% -29.05%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
168.23
DCF (Unlevered) 92.03 -45.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2025-02 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.18
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Care Facilities: +10.2%
    +5.0% Q1'26: +8.5% (vs Q1'25)
  • EPS growth Medical - Care Facilities: +19.2%
    +456.9% Q1'26: +267.0% (vs Q1'25)
  • FCF margin FCF growth · Medical - Care Facilities: +32.0%
    -7.9% Q1'26: -23.4% (vs Q1'25)
  • EBIT margin Medical - Care Facilities: +11.3%
    +6.4% Q1'26: +3.8% (vs Q1'25)
  • ROIC Medical - Care Facilities: +6.8%
    +2.9% Q1'26: +2.9% (vs Q1'25)
  • Share dilution Medical - Care Facilities: +0.0%
    +7.9% Q1'26: -0.7% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Care Facilities: 0.99×
    4.15× Q1'26: 5.06× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.61) × ERP
WACC = 77% × Ke + 23% × Kd (6.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 168.23
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
3.83B
est: 3.82B (+0.2%)
4.61B
est: 4.69B (-1.7%)
4.87B
est: 5.02B (-3.1%)
4.31B
est: 4.08B (+5.6%)
6.99B
est: 1.23B (+468.7%)
8.05B
est: 8.08B (-0.4%)
9.34B
est: 9.27B (+0.7%)
10.87B
est: 11.04B (-1.6%)
11.29B
11.29B – 11.29B
+2.2% YoY
11.94B
11.94B – 11.94B
+5.8% YoY
28.43B
28.43B – 28.43B
+138.1% YoY
11.90B
11.90B – 11.90B
-58.2% YoY
12.17B
12.17B – 12.17B
+2.3% YoY
EBITDA
888.63M
est: 730.60M (+21.6%)
927.37M
est: 896.05M (+3.5%)
1.00B
est: 913.87M (+9.6%)
947.61M
est: 653.53M (+45.0%)
1.30B
est: 931.03M (+39.1%)
1.61B
est: 1.02B (+56.9%)
1.90B
est: 1.77B (+7.0%)
1.60B
est: 2.11B (-24.1%)
2.16B
2.16B – 2.16B
+2.2% YoY
2.28B
2.28B – 2.28B
+5.8% YoY
5.43B
5.43B – 5.43B
+138.1% YoY
2.27B
2.27B – 2.27B
-58.2% YoY
2.32B
2.32B – 2.32B
+2.3% YoY
EBIT
651.22M
est: 483.63M (+34.7%)
574.38M
est: 593.15M (-3.2%)
619.46M
est: 527.70M (+17.4%)
579.66M
est: 351.47M (+64.9%)
787.61M
est: 500.72M (+57.3%)
1.13B
est: 550.76M (+104.5%)
1.37B
est: 1.17B (+17.1%)
944.42M
est: 1.40B (-32.4%)
1.43B
1.43B – 1.43B
+2.2% YoY
1.51B
1.51B – 1.51B
+5.8% YoY
3.60B
3.60B – 3.60B
+138.1% YoY
1.50B
1.50B – 1.50B
-58.2% YoY
1.54B
1.54B – 1.54B
+2.3% YoY
Net Income
429.23M
est: 429.07M (+0.0%)
316.61M
est: 396.89M (-20.2%)
275.87M
est: 344.47M (-19.9%)
423.96M
est: 208.69M (+103.1%)
541.25M
est: 297.31M (+82.1%)
677.01M
est: 327.02M (+107.0%)
840.77M
est: 884.95M (-5.0%)
62.22M
est: 150.17M (-58.6%)
193.08M
193.08M – 193.08M
+28.6% YoY
429.07M
429.07M – 429.07M
+122.2% YoY
1.39B
1.39B – 1.39B
+225.0% YoY
1.61B
1.61B – 1.61B
+15.4% YoY
1.84B
1.84B – 1.84B
+14.7% YoY
SGA
103.24M
est: 167.61M (-38.4%)
91.80M
est: 205.57M (-55.3%)
105.06M
est: 2.40B (-95.6%)
57.54M
est: 1.76B (-96.7%)
154.17M
est: 53.87M (+186.2%)
251.88M
est: 2.76B (-90.9%)
265.60M
est: 406.35M (-34.6%)
1.35B
est: 483.95M (+178.5%)
494.65M
494.65M – 494.65M
+2.2% YoY
523.40M
523.40M – 523.40M
+5.8% YoY
1.25B
1.25B – 1.25B
+138.1% YoY
521.47M
521.47M – 521.47M
-58.2% YoY
533.38M
533.38M – 533.38M
+2.3% YoY
EPS
4.55
est: 4.00 (+13.8%)
2.93
est: 3.70 (-20.8%)
2.55
est: 4.90 (-48.0%)
3.93
est: 4.45 (-11.7%)
5.01
est: 5.55 (-9.7%)
6.30
est: 6.30 (+0.0%)
7.83
est: 8.25 (-5.1%)
0.58
est: 1.40 (-58.6%)
1.80
1.80 – 1.80
+28.6% YoY
4.00
4.00 – 4.00
+122.2% YoY
13.00
13.00 – 13.00
+225.0% YoY
15.00
15.00 – 15.00
+15.4% YoY
17.20
17.20 – 17.20
+14.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-26 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-25 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
846.69M
OE per share TTM
8.27
Owner's Yield
4.61%
Maintenance CapEx ratio
756.28%
Maint CapEx / Avg PPE
98.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
272.3K
Shares Outstanding
107.30M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Nishita Shukla Chief Operating Officer 11M
Amit Kumar Chief Financial Officer 7M male
Tushar Dineshchandra Shah Associate Vice President, Company Secretary & Compliance Officer 4M male
Deepak Ananthakrishnan Global Chief Business Officer male
Jigar Todi Investors Relation & Corporate Strategist
Vikram I. Shah Founder, Chairman & MD
Babu Thomas Chief Human Resources Officer male
Daniel Hayes Chief Executive Officer of the US Implant Business male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits