₹166.49
▼ -1.73 -1.03%
17 Jul 2026
NSE Listed
Shalby Limited (SHALBY)
Volume: 44,323Avg Vol 1W: 51,302.2Avg Vol 1M: 73,079.6552W Range:₹125.82₹274.7
Key Ratios
Checked 18h agoMarket Cap₹1,817 Cr
Current Price₹166.49
Previous Close₹168.22
High / Low (52w)₹274.7 / ₹125.82
Volume44,323
Avg Vol (1W)51,302.2
Avg Vol (1M)73,079.65
Stock P/E97.81
Book Value₹93.49
Dividend Yield0%
ROE3.7%
ROA1.9%
Revenue (TTM)₹1,115 Cr
Revenue Growth16.4%
Profit Margin3.3%
Total Debt₹137 Cr
Shares Outstanding11 Cr
Face Value₹10
EPS (TTM)₹1.72
P/B1.8
Debt / Equity0.59
50 DMA₹170.23
200 DMA₹183.27
Day change-1.03%
Price Chart
₹166.49▼ 16.37% · 1Y
2025-07-162026-07-15
20-day avg volume: 73K shares
Pros
- Company is almost debt-free.
- Net profit is growing year over year.
Cons
- Revenue fell 18% YoY.
- Stock trades at a high P/E of 98.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹279 Cr | ₹268 Cr | ₹276 Cr | ₹265 Cr | ₹296 Cr | ₹285 Cr | ₹272 Cr | ₹287 Cr |
| EBITDA | ₹39 Cr | ₹23 Cr | ₹23 Cr | ₹10 Cr | ₹32 Cr | ₹29 Cr | ₹20 Cr | ₹19 Cr |
| Net Profit | ₹16 Cr | ₹3 Cr | ₹-2 Cr | ₹-11 Cr | ₹9 Cr | ₹8 Cr | ₹2 Cr | ₹18 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹388 Cr | ₹472 Cr | ₹504 Cr | ₹440 Cr | ₹711 Cr | ₹827 Cr | ₹953 Cr | ₹1,115 Cr |
| EBITDA | ₹65 Cr | ₹58 Cr | ₹63 Cr | ₹59 Cr | ₹89 Cr | ₹111 Cr | ₹144 Cr | ₹94 Cr |
| Net Profit | ₹39 Cr | ₹32 Cr | ₹28 Cr | ₹42 Cr | ₹54 Cr | ₹68 Cr | ₹84 Cr | ₹6 Cr |
| EPS | 4.17 | 2.93 | 2.55 | 3.92 | 5 | 6.27 | 7.77 | 0.18 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹961 Cr | ₹939 Cr | ₹967 Cr | ₹997 Cr | ₹1,194 Cr | ₹1,281 Cr | ₹1,608 Cr | ₹1,704 Cr |
| Total Liabilities | ₹210 Cr | ₹159 Cr | ₹167 Cr | ₹162 Cr | ₹317 Cr | ₹354 Cr | ₹600 Cr | ₹708 Cr |
| Equity | ₹752 Cr | ₹780 Cr | ₹799 Cr | ₹835 Cr | ₹876 Cr | ₹928 Cr | ₹1,008 Cr | ₹995 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹26 Cr | ₹53 Cr | ₹76 Cr | ₹88 Cr | ₹42 Cr | ₹96 Cr | ₹40 Cr | ₹10 Cr |
| Investing | ₹-237 Cr | ₹1 Cr | ₹-31 Cr | ₹-51 Cr | ₹-60 Cr | ₹-61 Cr | ₹38 Cr | ₹-36 Cr |
| Financing | ₹222 Cr | ₹-51 Cr | ₹-21 Cr | ₹-30 Cr | ₹90 Cr | ₹-50 Cr | ₹-151 Cr | ₹48 Cr |
| Free Cash Flow | ₹26 Cr | ₹53 Cr | ₹76 Cr | ₹88 Cr | ₹42 Cr | ₹96 Cr | ₹40 Cr | ₹10 Cr |
Shareholding
Promoter 74.33% Institutions 4.76% Public 20.91%
Efficiency & Working Capital
ROCE6.2%
Interest Coverage2.1
Dividend Payout—
Debtor Days59 d
Inventory Days107 d
Payable Days40 d
Cash Conversion Cycle126 d
Working Capital Days166 d
Shareholding Details
As of 2026-06-30
Promoter74.3%
FII4.5%
DII0.3%
Institutions4.8%
Public20.9%
Promoter Pledge0%
No. of Shareholders50,770
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.1% | 74.1% | 74.2% | 74.2% | 74.2% | 74.3% | 74.3% | 74.3% | 74.3% | 74.3% | 74.3% | 74.3% |
| FIIs | 4.1% | 4.6% | 4.9% | 5.4% | 5.4% | 4.7% | 4.5% | 5.2% | 4.6% | 4.5% | 4.4% | 4.5% |
| DIIs | 0% | 0% | 0% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% |
| Public | 21.8% | 21.3% | 20.9% | 20.3% | 20.3% | 20.9% | 21% | 20.3% | 20.8% | 21% | 21.1% | 20.9% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 50,225 | 49,495 | 49,858 | 49,315 | 51,479 | 52,328 | 52,895 | 53,437 | 53,784 | 52,495 | 51,415 | 50,770 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Shah Family Trust Throuh Dr. Vikram Shah, Trustee | Shareholding of Promoter and Promoter Group | 34.8% | 3.76 Cr |
| Zodiac Mediquip Limited | Shareholding of Promoter and Promoter Group | 29.2% | 3.15 Cr |
| Vikram Indrajit Shah | Shareholding of Promoter and Promoter Group | 7.4% | 80,05,493 |
| Darshini Vikram Shah | Shareholding of Promoter and Promoter Group | 2.8% | 30,12,525 |
| First Water Fund | Public Shareholding | 1.7% | 18,72,035 |
| Shanay Vikram Shah | Shareholding of Promoter and Promoter Group | 0.1% | 1,37,525 |
| Shah Kairav Kiritkumar | Shareholding of Promoter and Promoter Group | 0% | 250 |
| Shah Sharmista Indrajit | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Devanshi Shanay Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ayesha Shanay Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Hemant Laxmidas Harkhani | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Hetal Hemant Harkhani | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Aasna Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Tarana Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Rajiv Thakore | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Shobhaben Thakore | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Kushal Thakore | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Aadhya Shanay Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Shalby Orthopaedic Hospital And Research Centre | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Eris Infrastructure Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Uranus Medical Devices Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Shah Vikram Indrajit Huf | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Shah Indrajit Chimanlal Huf | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Shanay Vikram Shah Huf | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Kairav K Shah Huf | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Vikram Indrajit Shah | 0 | 0% | 2026-06-30 |
| Darshini Vikram Shah | 0 | 0% | 2026-06-30 |
| Shanay Vikram Shah | 0 | 0% | 2026-06-30 |
| Shah Kairav Kiritkumar | 0 | 0% | 2026-06-30 |
| Shah Sharmista Indrajit | 0 | 0% | 2026-06-30 |
| Devanshi Shanay Shah | 0 | 0% | 2026-06-30 |
| Ayesha Shanay Shah | 0 | 0% | 2026-06-30 |
| Hemant Laxmidas Harkhani | 0 | 0% | 2026-06-30 |
| Hetal Hemant Harkhani | 0 | 0% | 2026-06-30 |
| Aasna Shah | 0 | 0% | 2026-06-30 |
| Tarana Shah | 0 | 0% | 2026-06-30 |
| Rajiv Thakore | 0 | 0% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Vikram Shah | Chairman / Executive Director / M D / Promoter | 2025 |
| Shyamal S Joshi | Independent Non Exe. Director | 2025 |
| Ashok Bhatia | Independent Non Exe. Director | 2025 |
| Umesh Menon | Independent Non Exe. Director | 2025 |
| Tej Malhotra | Independent Non Exe. Director | 2025 |
| Sujana Shah | Independent Non Exe. Director | 2025 |
| Vijay Kishanlal Kedia | Independent Non Exe. Director | 2025 |
| Tushar D Shah | CS / CO / AVP | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Setting up and managing hospitals a | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 118 | 108 | 107 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-08-05 | Board Meetings | — |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 767 | 0 | 0 | 10 | 0 | 777 |
| 2025 | 695 | 0 | 0 | 0 | 0 | 695 |
| 2025 | 66 | 0 | 0 | 10 | 0 | 77 |
Insider / Designated-Person Trades
13 recent disclosure(s)
SHAH FAMILY TRUST THROUGH DR. VIKRAM I SHAH TRUSTEEAcquisition · 60,000
DR. VIKRAM INDRAJIT SHAHAcquisition · 25,000
DR. VIKRAM INDRAJIT SHAHAcquisition · 10,000
VIKRAM INDRAJIT SHAHAcquisition · 1,25,000
VIKRAM INDRAJIT SHAHAcquisition · 30,000
VIKRAM INDRAJIT SHAHAcquisition · 20,000
Substantial Acquisitions (SAST)
3 disclosure(s)
Market14/11/2024 · 25,000
Market05/06/2024 · 10,000
Market06/03/2024 · 1,25,000
Company Information
🌐 www.shalby.org ↗
📍 Opp Karnawati Club, Sarkhej Gandhinagar Highway, Ahmedabad, Gujarat, 380015
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