Metropolis Healthcare Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹11,320 Cr
- P/E
- 54.38
- ROE
- 13.63%
- PEG
- 5.09
- Price to sales
- 6.62
- Debt to equity
- 0.15
- 52W high / low
- ₹2,050 / ₹422
- Sales growth (5Y)
- 10.52%
- EBITDA margin
- 24.69%
- Net profit margin
- 11.85%
- Promoter holding
- 47.82%
- Sales (last year)
- ₹1,710 Cr
Metropolis Healthcare Limited is one of the leading Indian diagnostics companies. The Company owns a chain of diagnostic centres across India, South Asia, Africa and the Middle East.
Guidance scorecard · Q1 FY27 call
What Metropolis Healt's management guided
and where it ranks in Healthcare Services
Healthcare Services
RevenueQ1 FY27 call
10–20%- North India currently contributes 18% to revenue and is expected to grow faster, potentially increasing contribution to 25% in the next few years.
- East India currently 6%, with limited investment so far; future investments may increase contribution.
- Overall revenue growth is volume-driven, with expansion focused on Tier 2 and Tier 3 towns through increased centers without adding more labs, improving penetration and customer reach.
- Specialty and genomics segments are key growth drivers, expecting disproportionate growth due to hospital expansions in Tier 2/3 towns.
- Addition of 1,000 more centers in 3 years planned, including 100 mini hubs offering radiology and allied services, enhancing service portfolio and customer engagement.
- TruHealth wellness portfolio to grow from 18% to 25% contribution.
- Home collection services (~11-12% revenue) have substantial growth potential.
2 more points from Metropolis Healt's call on revenue
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MarginsQ1 FY27 call
Up 2%+See what Metropolis Healt said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Metropolis is evaluating two models for radiology center expansion: capex and opex.
- If investing via capex, the approximate cost per center is INR 35-40 lakhs for equipment like X-ray, ultrasound, treadmill, DEXA scan.
- Plan to experiment with 50 centers in the first year, followed by another 50 next year, focusing on location and service quality.
- The business prioritizes disciplined capital allocation with a capital-light approach overall.
- Ongoing reinvestments in technology, digital automation, AI, and expansion of labs and centers ensure long-term relevance and growth.
- They are investing in allied healthcare services and specialty portfolios, possibly via asset-light models and subscription programs.
2 more points from Metropolis Healt's call on capex
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FundraisingQ1 FY27 call
See what Metropolis Healt said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Metropolis Healt said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Healthcare Services
on management's own guidance
- Strong growth2
- Strong growth1
- Aster DM Quality Care LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Healthcare Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹903 Cr | — | |
| 2 | 40%+ | Flat | ₹583 Cr | 22.2 | |
| 3 | Aster DM Quality Care Ltd | 20–40% | Up 2%+ | ₹58,782 Cr | 162.9 |
| 4 | 20–40% | Up 0–2% | ₹1,730 Cr | 17.5 | |
| 5 | 20–40% | Up 0–2% | ₹580 Cr | 11.9 | |
| 6 | 20–40% | Flat | ₹1.13L Cr | 53.9 |
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Pro shows every company guiding 40%+ revenue growth →Full Healthcare Services rankingFinancials of Metropolis Healt
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Metropolis Healt
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 49.74% | 49.67% | 49.62% | 49.43% | 49.40% | 48.89% | 48.89% | 48.89% | 48.87% | 48.86% | 48.86% | 47.82% |
| FIIs + | 21.66% | 18.90% | 18.25% | 18.56% | 16.73% | 15.29% | 12.83% | 12.52% | 11.68% | 10.43% | 11.03% | 11.67% |
| DIIs + | 20.73% | 24.86% | 27.42% | 28.02% | 30.00% | 30.30% | 32.40% | 33.10% | 34.73% | 35.80% | 35.12% | 35.49% |
| Public + | 7.87% | 6.57% | 4.69% | 3.98% | 3.86% | 5.51% | 5.87% | 5.48% | 4.69% | 4.92% | 5.00% | 5.02% |
| No. of Shareholders | 79,878 | 68,283 | 58,108 | 51,852 | 48,572 | 49,293 | 50,015 | 47,846 | 46,670 | 49,175 | 50,636 | 50,592 |
Pros & Cons
Metropolis Healt
Key positives and risks surfaced from the company insights section.
- Stock is trading at 7.48 times its book value
- Promoter holding has decreased over last quarter: -1.04%
- The company has delivered a poor sales growth of 10.5% over past five years.
- Company has a low return on equity of 12.4% over last 3 years.
- Stock is trading at 7.48 times its book value
- Promoter holding has decreased over last quarter: -1.04%
- The company has delivered a poor sales growth of 10.5% over past five years.
- Company has a low return on equity of 12.4% over last 3 years.
Financials of Metropolis Healt
Quarterly Results
Quarter-by-quarter operating performance
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 277 | 308 | 291 | 331 | 313 | 350 | 323 | 345 | 386 | 429 | 406 | 425 | 450 |
| Expenses + | 214 | 234 | 226 | 251 | 235 | 260 | 251 | 283 | 296 | 321 | 311 | 317 | 339 |
| Operating Profit | 63 | 75 | 65 | 80 | 79 | 90 | 72 | 62 | 90 | 108 | 95 | 108 | 111 |
| OPM % | 23% | 24% | 22% | 24% | 25% | 26% | 22% | 18% | 23% | 25% | 23% | 25% | 25% |
| Other Income + | 3 | 1 | 2 | 3 | 2 | 3 | 3 | 7 | 8 | 1 | -0 | 8 | 5 |
| Interest | 6 | 6 | 5 | 6 | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 8 | 6 |
| Depreciation | 21 | 22 | 25 | 26 | 26 | 27 | 28 | 29 | 31 | 32 | 32 | 39 | 32 |
| Profit before tax | 39 | 48 | 37 | 51 | 51 | 61 | 42 | 36 | 61 | 71 | 57 | 70 | 78 |
| Tax % | 26% | 26% | 26% | 28% | 25% | 24% | 26% | 19% | 26% | 26% | 26% | 27% | 27% |
| Net Profit + | 29 | 36 | 27 | 37 | 38 | 47 | 31 | 29 | 45 | 53 | 42 | 51 | 57 |
| EPS in Rs | 1.41 | 1.73 | 1.33 | 1.78 | 1.85 | 2.27 | 1.53 | 1.41 | 2.17 | 2.54 | 2.00 | 2.46 | 2.73 |
Financials of Metropolis Healt
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 456 | 475 | 545 | 647 | 761 | 856 | 998 | 1,228 | 1,148 | 1,208 | 1,331 | 1,646 | 1,710 |
| Expenses + | 339 | 359 | 405 | 467 | 559 | 619 | 708 | 880 | 855 | 920 | 1,023 | 1,240 | 1,288 |
| Operating Profit | 117 | 116 | 140 | 181 | 203 | 237 | 290 | 348 | 293 | 288 | 308 | 406 | 422 |
| OPM % | 26% | 24% | 26% | 28% | 27% | 28% | 29% | 28% | 26% | 24% | 23% | 25% | 25% |
| Other Income + | 7 | 29 | 39 | 6 | 8 | -17 | 12 | 34 | 15 | 9 | 15 | 16 | 14 |
| Interest | 2 | 2 | 2 | 4 | 4 | 13 | 12 | 25 | 32 | 28 | 24 | 29 | 26 |
| Depreciation | 21 | 17 | 17 | 19 | 20 | 39 | 46 | 63 | 89 | 94 | 109 | 134 | 135 |
| Profit before tax | 101 | 128 | 160 | 164 | 187 | 169 | 244 | 293 | 188 | 175 | 191 | 259 | 276 |
| Tax % | 33% | 36% | 33% | 32% | 34% | 24% | 25% | 27% | 24% | 26% | 24% | 26% | |
| Net Profit + | 68 | 82 | 107 | 112 | 124 | 128 | 183 | 215 | 143 | 128 | 146 | 191 | 203 |
| EPS in Rs | 2.97 | 3.87 | 5.12 | 5.25 | 5.99 | 6.29 | 8.95 | 10.46 | 6.98 | 6.24 | 7.00 | 9.17 | 9.73 |
| Dividend Payout % | 0% | 100% | 49% | 0% | 55% | 32% | 22% | 19% | 29% | 16% | 0% | 55% |
Financials of Metropolis Healt
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 41 |
| Reserves | 352 | 269 | 314 | 405 | 408 | 513 | 696 | 876 | 978 | 1,086 | 1,321 | 1,472 |
| Borrowings + | 14 | 5 | 1 | 1 | 18 | 67 | 112 | 379 | 266 | 197 | 204 | 232 |
| Other Liabilities + | 87 | 107 | 188 | 110 | 113 | 160 | 181 | 256 | 240 | 254 | 324 | 386 |
| Total Liabilities | 462 | 391 | 512 | 526 | 550 | 750 | 1,000 | 1,521 | 1,495 | 1,547 | 1,859 | 2,131 |
| Fixed Assets + | 153 | 142 | 202 | 207 | 213 | 296 | 343 | 1,059 | 1,121 | 1,177 | 1,447 | 1,601 |
| CWIP | 0 | 1 | 1 | 0 | 6 | 3 | 0 | 6 | 20 | 0 | 0 | 0 |
| Investments | 168 | 101 | 142 | 102 | 33 | 14 | 10 | 16 | 15 | 55 | 71 | 142 |
| Other Assets + | 141 | 147 | 167 | 216 | 298 | 437 | 647 | 440 | 340 | 316 | 341 | 387 |
| Total Assets | 462 | 391 | 512 | 526 | 550 | 750 | 1,000 | 1,521 | 1,495 | 1,547 | 1,859 | 2,131 |
Financials of Metropolis Healt
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 69 | 91 | 102 | 104 | 90 | 215 | 249 | 253 | 247 | 264 | 263 | 351 |
| Cash from Investing Activity + | -56 | 96 | -86 | 1 | 36 | -104 | 63 | -736 | 48 | -89 | -199 | -220 |
| Cash from Financing Activity + | -9 | -174 | -17 | -87 | -118 | -55 | -33 | 163 | -292 | -181 | -87 | -115 |
| Net Cash Flow | 4 | 14 | -1 | 18 | 8 | 56 | 279 | -321 | 3 | -6 | -23 | 15 |
| Free Cash Flow | 46 | 79 | 45 | 90 | 67 | 179 | 221 | 223 | 195 | 200 | 196 | 300 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 87% | 113% | 109% | 89% | 78% | 118% | 106% | 96% | 102% | 105% | 99% | 98% |
Financials of Metropolis Healt
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 54 | 54 | 57 | 66 | 55 | 45 | 40 | 39 | 38 | 41 | 38 |
| Inventory Days | 52 | 46 | 38 | 53 | 55 | 44 | 59 | 68 | 64 | 58 | 65 | 51 |
| Days Payable | 92 | 96 | 97 | 88 | 90 | 152 | 160 | 136 | 136 | 150 | 171 | 146 |
| Cash Conversion Cycle | 17 | 3 | -5 | 21 | 30 | -54 | -56 | -29 | -33 | -53 | -65 | -57 |
| Working Capital Days | 32 | 8 | -27 | 28 | 33 | 2 | -9 | -26 | -22 | -16 | -18 | -15 |
| ROCE % | 28% | 34% | 46% | 43% | 43% | 40% | 36% | 29% | 17% | 16% | 15% | 18% |
Guidance history
How Metropolis Healt's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 2%+ | Planned | — | — |
| Q1 FY27 call → | 10–20% | Up 2%+ | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
34 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +8.8% | 69% |
| Last 6 months | +12.4% | 71% |
| Last 3 months | −2.7% | 62% |
The price is 38.3% below its all-time high of ₹860.23 (31 Dec 2021). Stocks more than 20% below their peak have their score halved, so 68 became 34.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Metropolis Healt: 0.4 × 69 + 0.4 × 71 + 0.2 × 62 = 68, halved to 34 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Metropolis Healt's management said in earlier quarters
- Q2 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
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