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Shalby Ltd.

HealthcareHospital & Healthcare Services

www.shalby.org BSE: 540797NSE: SHALBY

₹134.70BSE0.63%

16 Sep, 4:01 PM

₹134.70

₹1.45K Cr

37.01

1.43

3.48%

₹138.35

₹132.00

₹274.50

₹125.70

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Price Performance

Peer Comparison

Name
APOLLO HOSP. APOLLOHOSP	8,712.95	59.96	1,25,278.85	0.23	610.40	38.41%	7,043.50	20.56%	21.73
MAXHEALTH MAXHEALTH	1,032.60	68.98	1,00,504.02	0.19	322.96	4.87%	2,366.17	16.70%	14.97
MANIPALHOS MANIPALHOS	714.45	105.32	93,977.12	0.00	243.43	-4.18%	3,090.63	38.12%	13.93
FORTIS FORTIS	868.50	62.57	65,568.12	0.12	272.80	2.26%	2,545.03	17.46%	14.07
ASTERDM ASTERDM	740.00	202.67	64,503.76	0.40	29.28	-68.70%	1,310.68	21.60%	16.22
NH NH	1,855.25	46.37	37,914.04	0.24	207.27	5.37%	2,683.63	78.05%	16.20
MEDANTA MEDANTA	1,406.40	67.92	37,814.13	0.04	157.25	-1.09%	1,304.05	26.50%	19.38
Shalby Ltd. SHALBY	134.70	37.01	1,454.89	0.00	10.50	36.70%	331.22	11.74%	6.88

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	244.23	278.89	267.54	275.63	264.89	296.43	285.43	272.13	287.45	331.22
Expenses	205.37	233.68	234.89	241.73	244.05	254.89	243.82	241.87	258.09	289.63
	38.86	45.21	32.65	33.91	20.84	41.54	41.61	30.25	29.35	41.59
	15.91%	16.21%	12.20%	12.30%	7.87%	14.01%	14.58%	11.12%	10.21%	12.56%
	4.99	9.70	7.16	5.42	5.32	7.01	4.48	7.23	8.08	7.41
Interest	6.47	8.12	9.26	10.66	10.67	9.37	9.65	10.64	9.34	10.57
	15.60	16.37	16.84	16.32	16.23	16.52	17.37	17.61	18.49	18.74
	21.78	30.41	13.70	12.35	-0.74	22.65	19.07	9.23	9.61	19.70
	26.35%	51.53%	82.78%	124.23%	-1,549.39%	66.11%	61.84%	86.16%	-92.11%	46.71%
	16.60	15.66	3.39	-1.81	-11.02	8.92	8.39	1.77	18.32	10.85
	1.55	1.46	0.32	-0.17	-1.02	0.83	0.78	0.16	1.70	1.01

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME:
Operating Income	698.95	804.92	933.75	1,086.96	1,141.43
Operating Income (Net)	698.95	804.92	933.75	1,086.96	1,141.43
EXPENDITURE :
Increase/Decrease in Stock	-122.61	-45.90	-44.64	-81.85	-46.98
Cost of Medicines and Consumables	153.38	104.63	108.21	196.46	198.28
Power & Fuel Cost	14.49	16.25	19.70	22.46	21.97
Employee Cost	114.74	143.64	155.44	184.58	188.29
Hospital Operation Expenses	368.79	382.26	444.54	525.49	532.55
Selling, Administration and Other Expenses	35.38	61.34	66.80	89.17	85.22
Miscellaneous Expenses	13.22	4.51	5.08	15.92	17.02
	577.38	666.75	755.13	952.23	996.34
Operating Profit (Excl OI)	121.56	138.18	178.62	134.73	145.09
	12.42	22.52	19.43	27.60	26.79
	133.99	160.70	198.05	162.33	171.88
Interest	7.53	10.56	17.62	40.84	41.33
PBDT	126.45	150.13	180.43	121.49	130.55
	42.87	48.09	52.24	65.76	69.99
Profit Before Taxation & Exceptional Items	83.58	102.04	128.19	55.73	60.56
Exceptional Income / Expenses	-4.44
	79.15	102.04	128.19	55.73	60.56
Provision for Tax	25.18	34.37	44.69	53.81	25.88
	53.97	67.68	83.50	1.92	34.68
Extra items				0.00	0.00
Minority Interest	0.15	0.02	0.58	4.30	2.70
Consolidated Net Profit	54.13	67.70	84.08	6.22	37.39
Adjustments to PAT					0.00
Profit Balance B/F	279.57	322.36	379.59	450.60	443.94
Appropriations	333.70	390.07	463.67	456.82	481.32
Equity Dividend %	10.00%	12.00%	12.00%
	5.01	6.31	7.83	0.58	3.48
Adjusted EPS	5.01	6.31	7.83	0.58	3.48

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	108.01	107.31	107.41	107.49	107.52
Share Warrants & Outstandings		0.82	0.82	1.14	1.21
Total Reserves	768.32	819.56	892.14	883.56	896.51
Reserve excluding Revaluation Reserve	768.32	819.56	892.15	883.57	896.51
Revaluation reserve	0.00		-0.01	-0.01	-0.01
	876.33	927.69	1,000.37	992.19	1,005.23
Minority Interest	-0.14	-0.07	7.41	3.14	0.46
Secured Loans	87.39	67.42	175.84	136.67	152.88
Unsecured Loans			0.13
Deferred Tax Assets / Liabilities	30.56	43.44	35.02	63.14	48.55
Other Long Term Liabilities	24.11	45.91	61.27	47.24	48.67
Long Term Provisions	91.54	112.70	115.57	42.53	70.96
Total Non-Current Liabilities	233.61	269.47	387.84	289.57	321.07
Trade Payables	70.73	87.92	129.57	118.42	128.49
Other Current Liabilities	57.14	55.91	86.51	92.68	110.58
Short Term Borrowings	43.49	49.10	103.96	240.66	332.21
Short Term Provisions	1.09	1.45	3.22	3.57	4.42
Total Current Liabilities	172.46	194.38	323.27	455.33	575.69
Total Liabilities	1,282.25	1,391.47	1,718.89	1,740.22	1,902.45
Gross Block	860.19	909.84	1,285.02	1,328.71	1,481.60
Less: Accumulated Depreciation	184.79	224.67	318.81	373.31	435.70
Net Block	675.40	685.17	966.21	955.40	1,045.90
Capital Work in Progress	4.51	6.16	10.65	8.04	0.39
Long Term Investment	0.00		0.00
Long Term Loans & Advances	148.21	175.95	180.02	91.79	114.45
Other Non Current Assets	4.01	2.56	5.03	13.11	3.97
Total Non-Current Assets	833.38	874.22	1,166.64	1,082.26	1,183.12
Currents Investments	24.70	145.72	80.64	94.63	62.26
Inventories	121.12	185.41	235.20	319.21	376.38
Sundry Debtors	100.99	106.37	144.63	175.21	228.42
Cash and Bank	110.56	12.29	27.22	34.86	21.94
Other Current Assets	14.55	5.46	9.30	6.27	5.40
Short Term Loans and Advances	70.34	62.02	55.25	27.78	24.92
Total Current Assets	442.26	517.25	552.25	657.96	719.33
Net Current Assets (Including Current Investments)	269.81	322.87	228.99	202.64	143.64
Total Assets	1,282.25	1,391.47	1,718.89	1,740.22	1,902.45
Contingent Liabilities	87.70	23.25	16.83	29.95	18.59
Total Debt	155.02	141.67	313.95	426.72	539.62
	81.13	86.37	93.06	92.20	93.38
Adjusted Book Value	81.13	86.37	93.06	92.20	93.38

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	79.15	102.04	128.19	55.73	60.56
Adjustment	53.48	39.94	51.75	84.75	77.88
Changes In working Capital	-90.73	-45.80	-140.28	-130.58	-98.57
Cash Flow after changes in Working Capital	41.90	96.18	39.66	9.90	39.87
Cash Flow from Operating Activities	18.92	67.78	19.60	-4.34	-0.01
Cash Flow from Investing Activities	-60.30	-61.08	38.07	-35.64	-97.28
Cash Flow from Financing Activitie	90.46	-50.01	-150.69	47.58	84.41
Net Cash Inflow / Outflow	49.07	-43.31	-93.03	7.61	-12.89
Opening Cash & Cash Equivalents	6.48	55.55	12.24	27.18	34.79
Cash & Cash Equivalent of Subsidiaries under liquidations			107.96
Closing Cash & Cash Equivalent	55.56	12.24	27.18	34.79	21.90

Ratios

Valuation

37.01

1.43

11.60

1.24

3.64

93.97

Profitability

3.48

6.88

1.90

12.71

3.04

Leverage & Liquidity

0.54

1.25

2.47

Returns

0.00

0.63

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	74.25	74.25	74.27	74.27	74.27	74.33	74.33	74.33	74.33
	5.41	5.46	4.79	4.72	5.40	4.84	4.67	4.61	4.76
	20.35	20.29	20.94	21.02	20.33	20.84	21.01	21.07	20.91
	25.75	25.75	25.73	25.73	25.73	25.67	25.67	25.67	25.67
No. of Shareholders	49,315	51,479	52,328	52,895	53,437	53,784	52,495	51,415	50,770

Corporate Actions

Showing: All

Date	Type	Details
2026-08-19	AGM
2026-07-27	Board Meeting	Quarterly Results (Revised)
2026-07-15	Board Meeting	Quarterly Results

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

HealthcareHospital & Healthcare Services

Shalby Ltd. operates in the Healthcare sector under the Hospital & Healthcare Services industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

7 members across the board and senior leadership

Tushar Shah

Vice President & Company Secretary, Compliance Officer

—

Vikram Shah

Chairman & Managing Director

—

Shyamal Joshi