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Thyrocare Technologies Ltd logo

Thyrocare Technologies Ltd

NSE: THYROCARE BSE: 539871

389.95

(-1.52)%

Tue, 03 Feb 2026, 02:03 pm

Analysis

dividend

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Pros

  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
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Cons

  • Unable to calculate sustainability of dividends as Thyrocare Technologies has not reported any payouts.
  • Unable to evaluate Thyrocare Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Thyrocare Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.

future

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Pros

  • Thyrocare Technologies's earnings growth is expected to exceed the India market average.
  • Thyrocare Technologies's earnings growth is expected to exceed the low risk savings rate of 7.2%.
  • Thyrocare Technologies is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
  • Performance (ROE) is expected to be above the current IN Healthcare industry average.
  • An improvement in Thyrocare Technologies's performance (ROE) is expected over the next 3 years.
  • Thyrocare Technologies's revenue growth is expected to exceed the India market average.
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Cons

  • Cash flow for Thyrocare Technologies is expected to decrease over the next 2 years.
  • Thyrocare Technologies's earnings are expected to grow by 19.2% yearly, however this is not considered high growth (20% yearly).
  • Thyrocare Technologies's earnings are expected to decrease over the next year.
  • Thyrocare Technologies's net income is expected to increase but not above the 50% threshold in 2 years time.
  • Thyrocare Technologies's revenue is expected to increase but not above the 50% threshold in 2 years time.
  • Thyrocare Technologies's revenue is expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).

health

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Pros

  • Thyrocare Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thyrocare Technologies is profitable, therefore cash runway is not a concern.
  • Thyrocare Technologies is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (6705.2%, greater than 20% of total debt).
  • Debt is covered by short term assets, assets are 60.9x debt.
  • Thyrocare Technologies's cash and other short term assets cover its long term commitments.
  • Interest payments on debt are well covered by earnings (EBIT is 76x coverage).
  • Thyrocare Technologies's level of debt (0.7%) compared to net worth is satisfactory (less than 40%).
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Cons

  • High level of physical assets or inventory.

management

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Pros

  • The tenure for the Thyrocare Technologies board of directors is about average.
  • Velumani's remuneration is lower than average for companies of similar size in India.
  • Velumani's compensation has been consistent with company performance over the past year, both up more than 20%.
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Cons

    past

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    Pros

    • Thyrocare Technologies's year on year earnings growth rate has been positive over the past 5 years.
    • Thyrocare Technologies used its assets more efficiently than the IN Healthcare industry average last year based on Return on Assets.
    • Thyrocare Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
    • Thyrocare Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
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    Cons

    • Thyrocare Technologies's 1-year earnings growth is less than its 5-year average (3.8% vs 14.7%)
    • Thyrocare Technologies's earnings growth has not exceeded the IN Healthcare industry average in the past year (3.8% vs 14.4%).

    value

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    Pros

    • THYROCARE outperformed the Healthcare industry which returned 8.5% over the past year.
    • THYROCARE outperformed the Market in India which returned -14.8% over the past year.
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    Cons

    • Thyrocare Technologies's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
    • Thyrocare Technologies's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
    • Thyrocare Technologies is overvalued based on assets compared to the IN Healthcare industry average.
    • Thyrocare Technologies is poor value based on expected growth next year.
    • Thyrocare Technologies is overvalued based on earnings compared to the IN Healthcare industry average.
    • Thyrocare Technologies is overvalued based on earnings compared to the India market.
    • NSEI:THYROCARE is flat (0.5%) underperforming the Healthcare industry which returned 5.1% over the past month.
    • NSEI:THYROCARE is flat (0.5%) underperforming the market in India which returned 9% over the past month.

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