Shalby Ltd (SHALBY) — shareholding pattern, promoter holding, financials and share price
About Shalby Ltd (SHALBY)
Shalby Ltd operates in the Hospital industry, within the Healthcare sector. It trades on the NSE as SHALBY and on the BSE under scrip code 540797. Its ISIN is INE597J01018.
Shalby Ltd is engaged in healthcare delivery space in India. It operates a chain of multi-specialty hospitals across India. The business of the company is to offer tertiary and quaternary healthcare services to patients in various areas of specialization such as orthopaedics, complex joint replacements, cardiology, neurology, oncology, renal transplantations, etc. [1] The company is the global leader in knee replacement surgery and one of the top Indian hospitals in joint replacement surgery.
Shalby Limited is an Ahmedabad‑headquartered integrated healthcare group operating 15 hospitals with 2,300+ beds across India and a growing implant MedTech vertical, combining multi‑specialty hospital services and an in‑house implant manufacturing and distribution platform (SAT, SMT, SGT). The company also operates international OPDs and owns an implant facility in California.
Q3 FY26 consolidated revenue was INR 2,794 million (down 0.6% YoY) with consolidated EBITDA of INR 375 million and consolidated net debt of INR 4,086 million; standalone hospital EBITDA and PBT declined materially QoQ and YoY, highlighting near‑term margin pressure at hospital operations despite steady ARPOB and improving PAT. Annualized ROCE stands at 6.7% consolidated.
Listed peers in Hospital: Dr Agarwals Eye Hospital Ltd, KMC Speciality Hospitals (India) Ltd, Unihealth Hospitals Ltd, GPT Healthcare Ltd, Gujarat Kidney & Super Speciality Ltd, KRM Ayurveda Ltd.
Valuation & Returns
10 Jul 2026At ₹171.25 a share on 10 Jul 2026, Shalby Ltd (SHALBY) was valued at a price-to-earnings ratio of 53.32x against an industry P/E of 61.73x and a price-to-book of 1.86x on a book value of ₹91.86 per share as of Mar 2025. Solomo computes return on equity of 3.5% and return on capital employed of 6.78% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 53.32x
- Industry P/E
- 61.73x
- P/B
- 1.86x
- EPS (TTM)
- ₹3.21
- Book value / share
- ₹91.86
- ROE
- 3.5%
- ROCE
- 6.78%
- ROA
- 2.04%
- Debt / equity
- 0.48x
- Dividend yield
- 0%
- EBITDA margin
- 14.85%
- 52-week range
- ₹125.7 – ₹274.5
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Shalby Ltd (SHALBY) reported revenue of ₹1,141 crore, net profit of ₹35 crore and earnings per share of ₹3.46. That compares with revenue of ₹1,087 crore and net profit of ₹2 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹287 crore and net profit ₹18 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 699 | 805 | 934 | 1,087 | 1,141 |
| Net profit (₹ cr) | 54 | 68 | 84 | 2 | 35 |
| EPS (₹) | 5.01 | 6.27 | 7.78 | 0.58 | 3.46 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 13.20% | 12.52% | 10.50% | 16.41% |
| Profit growth | 12.22% | 24.54% | 6.28% | -97.70% |
| Stock price CAGR | - | -3% | -4% | -16% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 74.33% of Shalby Ltd (SHALBY) (unchanged from the previous quarter), foreign institutional investors (FII) hold 4.46% and domestic institutional investors (DII) hold 0.3%. Market capitalisation was ₹1,850 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2017.
Largest disclosed public shareholders in Jun 2026: FIRST WATER FUND 1.73%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 74.33% | - | 4.46% | 0.3% | 25.02% |
| Mar 2026 | 74.33% | - | 4.36% | 0.25% | 25.02% |
| Dec 2025 | 74.33% | - | 4.47% | 0.2% | 25.01% |
| Sep 2025 | 74.33% | - | 4.64% | 0.2% | 25.01% |
| Jun 2025 | 74.27% | - | 5.2% | 0.2% | 25.04% |
| Mar 2025 | 74.27% | - | 4.54% | 0.18% | 25.04% |
| Dec 2024 | 74.27% | - | 4.65% | 0.14% | 25.04% |
| Sep 2024 | 74.25% | - | 5.37% | 0.09% | 25.06% |