SHALBY

Shalby Ltd.

NSE: SHALBY

BSE: 540797

Sector: Healthcare

Industry Group: Healthcare Services

Industry: Hospital

137.00-1.5 (-1.08%)

18 Sep, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

6.3 / 100

Value Score

48.9 / 100

Price Momentum Score

15.2 / 100

QVM Score

7.8 / 100

Key Metrics

Market Cap

1469.56

P/E (TTM)

37.72

P/B

1.46

P/S (TTM)

1.25

EV/EBITDA

13.80

CAPE (5Y)

31.01

ROE (TTM)

3.73

ROCE (TTM)

4.73

ROA (TTM)

2.11

Avg 3Y ROE

4.35

Earnings 3Y CAGR

-17.03

Sales 3Y CAGR

11.93

Sales 5Y CAGR

15.00

Debt/Equity

0.59

Consensus TP

173.00

Strong Buy %

Promoter Holding

74.33

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Shalby Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong EPS growth and above median growth of industry

The company delivered strong EPS growth of 500.88% for 12-month ended 30 Jun 2026 and the growth was 488.75 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.59 as on 30 Jun 2026 and Debt to Equity increased marginally by 0.11 in the last 1 year

What is Debt to Equity?

Negative

Weak price momentum

Price Momentum score of 15.2 indicates that the stock has weak price momentum. Research has shown that stocks with lower momentum continue to underperform in the near term

What is Price Momentum score?

15.2 / 100

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -51.47% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Low but stable operating margin

The company reported low operating margin of 6.0% for 12-month ended 30 Jun 2026 and operating margin improved marginally by 28 bps from 1 year ago

What is Operating profit margin?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of 6.5% for 12-month ended 30 Jun 2026 and the growth was 11.58 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 18.08

Value 6.5

-26.8103.8

Low dividend yield

The company has a low dividend yield of 0.0%

What is Dividend yield?

Neutral

Stock appears expensive but is at a discount to industry median P/E

PE TTM of 37.72 indicates that the stock is expensive on a standalone basis but discount to industry median P/E is decent at -27.05%

What is P/E Ratio?

Median: 51.71

Value 37.72

13.421603.23

Low ROE but improving trend

The company reported low ROE of 3.73% for 12-month ended 30 Jun 2026 but ROE improved by 310 bps from 1 year ago

What is ROE (FY)?

Company's earnings are of moderate quality

Earnings quality score of 35.1 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

35.1 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Shalby Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Shalby Ltd. Shareholding Pattern

Quarterly breakdown of Shalby Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	79.44	79.44	79.45	79.45	79.45	74.07	74.02	74.02	74.02	74.04	74.04	74.12	74.12	74.12	74.12	74.12	74.24	74.25	74.25	74.27	74.27	74.27	74.33	74.33	74.33	74.33
Indian Promoter	79.44	79.44	79.45	79.45	79.45	74.07	74.02	74.02	74.02	74.04	74.04	74.12	74.12	74.12	74.12	74.12	74.24	10.31	74.25	74.27	74.27	74.27	74.33	74.33	74.33	74.33
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63.94	-	-	-	-	-	-	-	-
Institutions	4.33	1.55	1.00	0.79	0.84	3.68	4.17	3.83	3.95	3.92	4.06	4.03	3.91	4.00	4.11	4.62	4.88	5.41	5.46	4.79	4.72	5.40	4.84	4.67	4.61	4.76
Mutual Funds / UTI	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01
FI/Bank/Insurance	0.08	0.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	3.68	0.52	0.66	0.79	0.84	3.68	4.17	3.83	3.95	3.92	3.78	3.97	3.92	4.00	4.11	4.62	4.88	5.35	5.37	4.65	4.54	5.21	4.63	4.47	4.36	4.47
Other Institutions	0.58	0.64	0.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.28	0.06	0.00	0.00	0.00	0.00	0.00	0.06	0.09	0.14	0.18	0.19	0.19	0.19	0.25	0.29
Non-Institution	16.23	19.01	19.56	19.76	19.71	22.25	21.81	22.15	22.03	22.05	21.90	21.85	21.96	21.88	21.77	21.26	20.89	20.35	20.29	20.94	21.02	20.33	20.84	21.01	21.07	20.91
Bodies Corporate	5.39	6.46	5.42	6.01	5.56	8.18	8.21	7.30	7.32	7.46	7.27	7.50	7.76	7.65	7.56	7.75	7.77	7.84	7.68	7.27	7.02	6.35	6.46	6.43	6.49	6.34
Others (incl. Retail) No. of shareholders	10.84 54,080	12.55 57,223	14.14 54,844	13.75 54,846	14.15 55,778	14.07 52,314	13.60 53,652	14.85 55,357	14.71 55,050	14.59 54,475	14.63 54,340	14.35 52,570	14.20 51,974	14.23 52,367	14.21 49,977	13.51 49,225	13.12 49,599	12.51 49,076	12.61 51,221	13.67 52,052	14.00 52,649	13.98 53,189	14.38 53,505	14.58 52,214	14.58 51,153	14.57 50,502

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Hospital	0.94%	18 / 18

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Shalby Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
SHAH FAMILY TRUST THROUGH DR. VIKRAM I SHAH TRUSTEE Promoter	September-2025	Market Purchase (Acquisition) 20th Sep 2025	34.73 %	₹ 240.18	60.00 k	₹ 1.44 cr
DR. VIKRAM INDRAJIT SHAH Promoter & Director	November-2024	Market Purchase (Acquisition) 15th Nov 2024	7.39 %	₹ 218.19	25.00 k	₹ 54.55 lac
DR. VIKRAM INDRAJIT SHAH Promoter & Director	November-2024	Market Purchase (Acquisition) 15th Nov 2024	7.39 %	₹ 218.19	25.00 k	₹ 54.55 lac
DR. VIKRAM INDRAJIT SHAH Promoter & Director	June-2024	Market Purchase (Acquisition) 6th Jun 2024	7.38 %	₹ 254.16	10.00 k	₹ 25.42 lac
VIKRAM INDRAJIT SHAH Promoter & Director	March-2024	Market Purchase (Acquisition) 7th Mar 2024	7.26 %	₹ 244.20	1.25 lac	₹ 3.05 cr
VIKRAM INDRAJIT SHAH Promoter	December-2022	Market Purchase (Acquisition) 8th Dec 2022	7.24 %	₹ 149.63	30.00 k	₹ 44.89 lac
VIKRAM INDRAJIT SHAH Promoter	November-2022	Market Purchase (Acquisition) 29th Nov 2022	7.22 %	₹ 151.67	20.00 k	₹ 30.33 lac
VIKRAM INDRAJIT SHAH Promoter	November-2022	Market Purchase (Acquisition) 17th Nov 2022	7.20 %	₹ 143.51	20.00 k	₹ 28.70 lac
VIKRAM INDRAJIT SHAH Promoter	November-2022	Market Purchase (Acquisition) 4th Nov 2022	7.18 %	₹ 144.88	20.00 k	₹ 28.98 lac
Neelu Pratik Kedia Directors Immediate Relative	October-2022	Market Sale (Disposal) 27th Oct 2022	0.00 %	₹ 145.13	530.00	₹ 76.92 k

Corporate Actions

History of Shalby Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 1.20/share
Record date: 19th Sep 2024Ex-date: 19th Sep 2024
Announced on: 28th May 2024
Dividend₹ 1.20/share
Record date: 8th Aug 2023Ex-date: 8th Aug 2023
Announced on: 18th May 2023
Dividend₹ 1/share
Record date: 20th Sep 2022Ex-date: 19th Sep 2022
Announced on: 25th May 2022
Dividend₹ 1/share
Record date: 20th Sep 2021Ex-date: 17th Sep 2021
Announced on: 5th May 2021
Dividend₹ 0.50/share
Record date: 7th Sep 2020Ex-date: 4th Sep 2020
Announced on: 15th Jun 2020

Company Profile

Overview of Shalby Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Shalby Limited is an India-based company, which operates multi-specialty hospital chains. The Company is engaged in the business of setting up and managing hospitals and medical diagnostic services. The Company’s Hospitals divisions include Multispecialty, Shalby Orthopedics Centre of Excellence (SO...

Key personnel

Mr. Amit Kumar, Ph.D.

Chief Financial Officer

Mr. Tushar Dineshchand Shah

Company Secretary, Associate Vice President

Mr. Jigar Todi

Investor Relations

Mr. Puneet Maheshwari

Investor Relations

Mr. Puneet Maheshwari

Investor Relations

Dr. Vikram ShahD

Chairman of the Board, Managing Director

Mr. Shanay Vikram ShahD

WholeTime Director

Dr. Ashok BhatiaD

Non-Executive Independent Director

View all

Incorporated on

30 Aug 2004

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

2,838

IPO date

15 Dec 2017

Free Float

2,51,48,347

Website

https://www.shalby.org/

Phone no.

+917940203000

Address

OPP: KARNAWATI CLUB, SARKHEJ GANDHINAGAR HIGHWAY, NR.PRAHLADNAGAR GARDERN, , 380015, India

Frequently Asked Questions

What is the current share price of Shalby Ltd.?

The current share price of Shalby Ltd. is ₹ 137.00 as of 18 Sep 2026.

What is the market capitalisation of Shalby Ltd.?

The market capitalisation of Shalby Ltd. stands at ₹ 1,469.56 Cr.

What is the PE ratio of Shalby Ltd.?

The Price-to-Earnings (PE) ratio of Shalby Ltd. is 37.72 as of the latest trailing twelve months data.

What is the ROE and ROCE of Shalby Ltd.?

Shalby Ltd. has a Return on Equity (ROE) of 3.73% and a Return on Capital Employed (ROCE) of 4.73% as per the latest financial reports.

What is the 52-week high and low of Shalby Ltd.?

The 52-week high of Shalby Ltd. is - and the 52-week low is -.

What is the dividend yield of Shalby Ltd.?

The dividend yield of Shalby Ltd. is 0.00% based on the current market price.

What is the FII and DII holding in Shalby Ltd.?

Foreign Institutional Investors (FII) hold 4.47%, Domestic Institutional Investors (DII) hold 0.01% and retail/public investors hold 14.57% of Shalby Ltd. shares.

What sector does Shalby Ltd. belong to?

Shalby Ltd. operates in the Healthcare sector.

What is the beta of Shalby Ltd.?

The beta of Shalby Ltd. is 1.39, indicating its price volatility relative to the broader market. Over the past 1 year, Shalby Ltd. has delivered an absolute return of -40.56%.

What is the RSI of Shalby Ltd.?

The 14-day Relative Strength Index (RSI) of Shalby Ltd. is 27.10, placing it in the oversold zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Shalby Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Shalby Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Corporate Actions

Company Profile

Holdings and Presence

Stock Analysis