Artemis Medicare Services Ltd. (IN:ARTEMISMED)
:ARTEMISMED
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Artemis Medicare Services Ltd.
(ARTEMISMED)
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Rating:65Neutral
Price Target:
₹268.00
▼(-2.97% Downside)
Action:DowngradedDate:02/04/26
The score is primarily supported by strong financial performance (growth, improving margins, solid cash generation, and moderate leverage). This is offset by weak technicals showing a pronounced downtrend and negative momentum, and by a relatively high P/E with a very low dividend yield.
Positive Factors
Multi-year revenue growth
A 68% revenue increase over five years signals durable demand for Artemis's hospital services and successful geographic/service expansion. Sustained top-line growth supports scale economics, better fixed-cost absorption and long-term investment in facilities and specialty care capabilities.
Negative Factors
EBITDA margins below industry leaders
Persistently lower EBITDA margins versus leading peers indicate structural efficiency or scale disadvantages. This can limit reinvestment capacity and pricing flexibility, making it harder to compete for high-margin specialties and to absorb cost inflation over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
A 68% revenue increase over five years signals durable demand for Artemis's hospital services and successful geographic/service expansion. Sustained top-line growth supports scale economics, better fixed-cost absorption and long-term investment in facilities and specialty care capabilities.
Read all positive factors
Artemis Medicare Services Ltd. (ARTEMISMED) vs. iShares MSCI India ETF (INDA)
Market Cap
₹39.47B
Dividend Yield0.16%
Average Volume (3M)16.54K
Price to Earnings (P/E)42.3
Beta (1Y)1.10
Revenue Growth12.97%
EPS Growth29.45%
CountryIN
Employees1,991
SectorHealthcare
Sector Strength45
IndustryMedical - Care Facilities
Share Statistics
EPS (TTM)6.30
Shares Outstanding158,306,240
10 Day Avg. Volume28,644
30 Day Avg. Volume16,535
Financial Highlights & Ratios
PEG Ratio1.06
Price to Book (P/B)5.05
Price to Sales (P/S)4.51
P/FCF Ratio80.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)8.7
Revenue Forecast (FY)₹13.16B
Artemis Medicare Services Ltd. Business Overview & Revenue Model
Company Description
Artemis Medicare Services Limited manages and operates multi specialty hospitals in India and internationally. The company offers medical and surgical intervention; and inpatient and outpatient services. It also operates Artemis Hospital, a 541 be...
How the Company Makes Money
Artemis Medicare Services Ltd. generates revenue primarily through its medical services offered at its hospitals, including consultation fees, diagnostics, surgical procedures, inpatient and outpatient care, pharmacy sales, and laboratory testing....
Artemis Medicare Services Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.02B | 9.37B | 8.79B | 7.37B | 5.53B | 4.08B |
| Gross Profit | 2.27B | 2.23B | 1.78B | 1.04B | 954.40M | 371.67M |
| EBITDA | 1.67B | 1.52B | 1.25B | 1.01B | 713.53M | 359.53M |
| Net Income | 949.45M | 826.26M | 491.41M | 385.98M | 318.14M | 64.86M |
Balance Sheet | ||||||
| Total Assets | 14.26B | 13.57B | 9.72B | 9.05B | 7.10B | 6.00B |
| Cash, Cash Equivalents and Short-Term Investments | 3.48B | 3.96B | 612.05M | 509.42M | 276.98M | 311.20M |
| Total Debt | 2.79B | 2.90B | 3.20B | 2.86B | 2.01B | 1.47B |
| Total Liabilities | 5.38B | 5.14B | 5.17B | 4.97B | 3.48B | 2.78B |
| Stockholders Equity | 8.83B | 8.38B | 4.48B | 4.03B | 3.59B | 3.20B |
Cash Flow | ||||||
| Free Cash Flow | 136.32M | 524.65M | 363.01M | -337.68M | -573.20M | -162.62M |
| Operating Cash Flow | 804.83M | 1.46B | 1.09B | 1.13B | 515.80M | 182.39M |
| Investing Cash Flow | -681.67M | -3.85B | -891.04M | -1.58B | -1.08B | -378.47M |
| Financing Cash Flow | -270.77M | 2.67B | -41.48M | 521.82M | 528.37M | 271.62M |
Artemis Medicare Services Ltd. Technical Analysis
Neutral
276.20
Price Trends
229.54
Positive
248.81
Negative
245.82
Negative
Market Momentum
-0.41
Negative
52.15
Neutral
84.35
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ARTEMISMED, the sentiment is Neutral. The current price of 276.2 is above the 20-day moving average (MA) of 224.51, above the 50-day MA of 229.54, and above the 200-day MA of 245.82, indicating a neutral trend. The MACD of -0.41 indicates Negative momentum. The RSI at 52.15 is Neutral, neither overbought nor oversold. The STOCH value of 84.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ARTEMISMED.
Artemis Medicare Services Ltd. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹39.47B | 42.27 | ― | 0.16% | 12.97% | 29.45% | |
65 Neutral | ₹273.07B | 114.01 | ― | ― | 26.29% | -13.63% | |
64 Neutral | ₹37.84B | 25.06 | ― | 0.96% | 8.53% | 21.02% | |
61 Neutral | ₹719.29B | 86.12 | ― | 0.11% | 15.99% | 24.81% | |
61 Neutral | ₹102.15B | 60.35 | ― | 0.21% | 18.95% | 9.30% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | ₹17.57B | 310.39 | ― | 0.59% | 4.93% | -75.50% |
* Healthcare Sector Average
IN:ARTEMISMED
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Artemis Medicare Services Ltd. Corporate Events
Artemis Medicare Schedules Mumbai Investor and Analyst Meet for February 25
Feb 19, 2026
Artemis Medicare Services Ltd. has scheduled a physical investor and analyst meeting in Mumbai on February 25, 2026, comprising one-on-one and group interactions with a wide range of domestic institutional investors and advisory firms. The company...
Artemis Medicare Publishes Q3 and 9M FY26 Earnings Call Transcript
Feb 9, 2026
Artemis Medicare Services Ltd. has released the transcript of its earnings conference call for the third quarter and nine-month period of FY26, held on February 3, 2026, where management discussed the company’s operational and financial perf...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.